##### 



Exhibit 10.25
 [FORM OF [FOR AMENDED NOTES: AMENDED AND RESTATED] SENIOR SECURED CONVERTIBLE NOTE]
 NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS NOTE NOR THE SECURITIES
INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE 1933 ACT), OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD OR TRANSFERRED OR ASSIGNED UNLESS (A) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF
COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO
THE COMPANY. NOTHING IN THE PRECEDING SHALL PROHIBIT THE PLEDGE OF THE SECURITIES IN CONNECTION
WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.
ANY TRANSFEREE OF THIS NOTE SHOULD CAREFULLY REVIEW THE TERMS OF THIS NOTE, INCLUDING SECTIONS
3(c)(iii) AND 19(a) HEREOF. THE PRINCIPAL AMOUNT REPRESENTED BY THIS NOTE AND, ACCORDINGLY, THE
SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE
HEREOF PURSUANT TO SECTION 3(c)(iii) OF THIS NOTE.
 The Allied Defense Group, Inc.
 [FOR AMENDED NOTES: Amended and Restated] Senior Secured Convertible Note
 [FOR AMENDED NOTES::OriginalIssuance Date: March 9, 2006]Exchanged for New Note withIssuance Date: [],
2007][FOR INITIAL NOTES:Issuance Date: [], 2007]
    
    Original Principal Amount: U.S. $[]1
 FOR VALUE RECEIVED, Company Holder Principal Interest  Issuance Date [FOR AMENDED NOTES: Note Existing Note  Notes Other Notes ] [FOR INITIAL NOTES: Note Notes Other Notes ]




---



##### 



MATURITY Maturity
Date
 INTEREST . Interest Date Interest Shares Cash Interest  2 Capitalized Interest Interest
Election Notice Interest Notice Date




---



##### 



Transfer Agent DTC
 provided
 nd Additional Interest
 CONVERSION OF NOTES Common Stock
 Conversion Right provided




---



##### 



Conversion Rate Conversion Rate
 Conversion Amount
 Conversion Price [  ] 3
 Mechanics of Conversion
 Optional Conversion Conversion Date Exhibit I Conversion Notice nd rd Share Delivery Date rd
 Make-Whole Amount rd




---



##### 



Companys Failure to Timely Convert Conversion Failure provided Buy-In" Buy-In Price"
 Registration; Book-Entry Register Registered Notes
 Pro Rata Conversion; Disputes
 Limitations on Conversions




---



##### 



Beneficial Ownership Maximum Percentage st
 Principal Market Regulation Exchange
Cap Purchasers Exchange
Cap Allocation




---



##### 



RIGHTS UPON EVENT OF DEFAULT
 Event of Default Event of
Default
    th




---



##### 



Bankruptcy Law Custodian
     [FOR AMENDED NOTES: ] [FOR INITIAL
NOTES: ]
 Redemption Right Event of Default
Notice Event of Default Redemption Event of Default Redemption Notice Event of Default Redemption Price




---



##### 



RIGHTS UPON FUNDAMENTAL TRANSACTION AND CHANGE OF CONTROL
 Assumption
 Redemption Right Change of Control Redemption [FOR AMENDED NOTES: ]
[FOR INITIAL NOTES: ] Change of
Control Redemption Price Change of Control Redemption
Notice Change of
Control Redemption Notice Date




---



##### 



RIGHTS UPON ISSUANCE OF PURCHASE RIGHTS AND OTHER CORPORATE EVENTS
 Purchase Rights Purchase Rights
 Other Corporate Events Corporate Event
 RIGHTS UPON ISSUANCE OF OTHER SECURITIES
 Adjustment of Conversion Price upon Issuance of Common Stock Applicable Price Dilutive
Issuance




---



##### 



Issuance of Options
 Issuance of Convertible Securities
 Change in Option Price or Rate of Conversion




---



##### 



Calculation of Consideration Received
 Record Date
 Floor Price  4 Conversion Floor Price
 Adjustment of Conversion Price upon Subdivision or Combination of Common Stock
 Other Events
 HOLDERS REDEMPTIONS
 Holder Optional Redemption  5 Holder
Optional Redemption Date Holder Optional Redemption Available Holder Optional Redemption Amount Holder
Optional Redemption Notice Holder Optional Redemption Amount Holder Optional
Redemption Price




---



##### 



Asset Sale Redemption Asset Sale Notice Asset Sale Redemption Asset Sale
Redemption Notice [FOR THE AMENDED NOTES: ] [FOR THE INITIAL NOTES: ] Asset Sale Redemption Price
 MANDATORY CONVERSIONS AND REDEMPTIONS
 Mandatory Conversion
 General nd Mandatory Conversion Eligibility Date Mandatory Conversion Measuring Period Mandatory Conversion Amount Mandatory Conversion Mandatory Conversion Notice Mandatory Conversion Notice Date Mandatory Conversion Date




---



##### 



Pro Rata Conversion Requirement Conversion Allocation Percentage Pro Rata Conversion Amount
 Mandatory Redemption upon a Sale Event Company Mandatory Redemption Company Mandatory Redemption Amount [FOR AMENDED NOTES: ] [FOR INITIAL NOTES: ] Company Mandatory Redemption Price Company Mandatory Redemption Notice Company Mandatory
Redemption Notice Date Company Mandatory Redemption Date
 NONCIRCUMVENTION




---



##### 



RESERVATION OF AUTHORIZED SHARES
 Reservation Required Reserve Amount Authorized Share Allocation
 Insufficient Authorized Shares Authorized Share
Failure
 HOLDERS REDEMPTIONS
 Mechanics Change of Control Redemption Date




---



##### 



Redemption by Other Holders Other Redemption Notice
 RESTRICTION ON REDEMPTION AND CASH DIVIDENDS
 VOTING RIGHTS
 COVENANTS
 Rank pari passu
 Indebtedness
 Existence of Liens Liens
 Restricted Payments




---



##### 



EBITDA Tests EBITDA Tests EBITDA Test Periods
      Announcement of Operating Results Operating Results th th Operating Release
 Sale Event [FOR AMENDED
NOTES ] [FOR INITIAL NOTES ] [FOR AMENDED NOTES ] [FOR INITIAL NOTES ] [FOR AMENDED NOTES ] [FOR
INITIAL NOTES ]




---



##### 



RIGHTS UPON DISTRIBUTION OF ASSETS Distribution
 VOTE TO ISSUE, OR CHANGE THE TERMS OF, NOTES provided however
 TRANSFER
 REISSUANCE OF THIS NOTE
 Transfer
 Lost, Stolen or Mutilated Note




---



##### 



Note Exchangeable for Different Denominations
 Issuance of New Notes
 REMEDIES, CHARACTERIZATIONS, OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF
 PAYMENT OF COLLECTION, ENFORCEMENT AND OTHER COSTS
 CONSTRUCTION; HEADINGS
 FAILURE OR INDULGENCE NOT WAIVER




---



##### 



DISPUTE RESOLUTION
 NOTICES; PAYMENTS
 Notices
 Payments Late Charge
 Currency
 CANCELLATION




---



##### 



WAIVER OF NOTICE
 GOVERNING LAW; JURISDICTION; JURY TRIAL THE COMPANY HEREBY
IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE
ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR ANY
TRANSACTION CONTEMPLATED HEREBY.
 SECURITY
 CERTAIN DEFINITIONS
 Adjusted Interest Conversion Price Interest Measuring Period
 [FOR INITIAL NOTES: Amended Notes ]
 Approved Stock Plan




---



##### 



Asset Sale
 Asset Sale Redemption Amount
 Bloomberg
 Business Day
 Calendar Quarter
 Capital Stock
 Cash Balance
 Change of Control
 Closing Bid Price Closing Sale Price




---



##### 



Closing Date
 Common Stock Deemed Outstanding
 Consolidated Total Debt
 Consolidated EBITDA
 Consolidated Net Debt
 Consolidated Net Income




---



##### 



Consolidated Net Interest Expense
 Contingent Obligation
 Convertible Securities
 Effective Date
 Eligible Market
 Equity Conditions Equity Conditions Measuring
Period




---



##### 



Equity Conditions Failure
 Excluded Securities
 Fiscal Quarter
 Fiscal Year
 Fundamental Transaction




---



##### 



GAAP
 Holder Pro Rata Amount [FOR AMENDED NOTES: ] [FOR INITIAL NOTES: ]
 Indebtedness
 [FOR AMENDED NOTES: Initial Notes ]
 Interest Conversion Price Interest Measuring Period
 Interest Notice Due Date th
 Interest Pro Rata Amount




---



##### 



Interest Rate
 Make-Whole Amount rd
 Mecar
 Mecar Facility
 Net Asset Sale Proceeds minus
 Options
 Parent Entity
 Performance Bonds
 Permitted Deferred Indebtedness




---



##### 



Permitted Indebtedness [FOR AMENDED NOTES: ] [FOR INITIAL
NOTES: ]
 Permitted Liens
 Permitted Pari Passu Indebtedness provided however




---



##### 



Permitted Restricted Payments
 Permitted Senior Indebtedness provided however   
 Person
 Principal Market
 Redemption Notices
 Redemption Premium [FOR AMENDED NOTES ] [FOR INITIAL NOTES ]
 Redemption Prices
 Registration Rights Agreement
 Required Holders




---



##### 



Sale Event Specified VSK Entities
 SEC
 Securities Purchase Agreement
 [FOR AMENDED NOTES: Subscription Date ]
 [FOR INITIAL NOTES: Subscription Date [  ] ]
 Successor Entity
 Trading Day
 Voting Stock
 VSK Group
 Warrants




---



##### 



Weighted Average Price
 DISCLOSURE




---



##### 



THE ALLIED DEFENSE GROUP, INC.By:Name:Title: Schedule 4(a)(vi)
  Schedule 30( xx )
  
    
    Mortgages for the VSK property of approximately $137,000 described in
note M of the Companys financial statements as provided to the SEC in
the Form 10-K for the fiscal year ended December 31, 2006, and Form
10-Q for the fiscal quarter ended March 31, 2007.
    
    Capital leases for capital expenditures used in the ordinary course of
business, as described in note M of the Companys financial statements
as provided to the SEC in the Form 10-K for the fiscal year ended
December 31, 2006, and Form 10-Q for the fiscal quarter ended March
31, 2007.
 1




---



##### 



Euro BalanceDescription
    
    Initial Amount
    
    Date of Agreement
    
    Debt Holder (Lender)
    
    31-May-07
    
    CommentsEquipment and Other Leases954,991.40 
    
    various
    
    Fortis Lease
    
    461,932.31 
    
    Detailed contracts attached6,155,021.59 
    
    various
    
    KBC Lease
    
    1,093,593.55 
    
    Detailed contracts attached32,833.37 
    
    2002
    
    Volvo Lease
    
    3,304.25 
    
    Detailed contracts attached ends in 20071,558,830.11 
    
    May 31, 2007 balance
 2




---



##### 



MECAR LEASE DETAILS
 N° Compte
    
    N° Contrat
    
    
    n° immo
    
    
    description
    
    TOTAL
    
    
    1998
    
    
    1999
    
    
    2000
    
    
    2001
    
    
    2002
    
    
    2003
    
    
    2004
    
    
    2005
    
    
    2006
    
    
    2007
    
    
    2008
    
    
    2009
    
    
    2010
    
    
    ContrôleMach recyclage253000
    
    
    35283
    
    
    
    120005
    
    
    solvent
    
    
    6,047.99
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    1,082.93
    
    
    
    1,142.85
    
    
    
    1,206.12
    
    
    
    1,272.89
    
    
    
    1,343.20
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing
janvier 2007
    
    
    -6,047.99
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -1,082.93
    
    
    
    -1,142.85
    
    
    
    -1,206.12
    
    
    
    -1,272.89
    
    
    
    -1,343.20
    
    
    
    
    
    
    
    0.00253000
    
    
    39644
    
    
    
    120022
    
    
    Mach de tampographie
    
    
    15,349.56
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,035.97
    
    
    
    2,852.03
    
    
    
    3,017.43
    
    
    
    3,192.38
    
    
    
    3,377.48
    
    
    
    874.27
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing
avril 2007
    
    
    -15,349.56
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -2,035.97
    
    
    
    -2,852.03
    
    
    
    -3,017.43
    
    
    
    -3,192.38
    
    
    
    -3,377.48
    
    
    
    -874.27253000
    
    
    36530
    
    
    
    120021
    
    
    Generateur
    
    
    56,640.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    7,487.50
    
    
    
    10,502.42
    
    
    
    11,128.04
    
    
    
    11,790.90
    
    
    
    12,493.24
    
    
    
    3,237.90
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing
avril 2007
    
    
    -56,640.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -7,487.50
    
    
    
    -10,502.42
    
    
    
    -11,128.04
    
    
    
    -11,790.90
    
    
    
    -12,493.24
    
    
    
    -3,237.90Appareil253000
    
    
    38396
    
    
    
    120039
    
    
    videoconference
    
    
    141,501.19
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    16,568.15
    
    
    
    26,092.79
    
    
    
    27,660.81
    
    
    
    29,323.07
    
    
    
    31,085.21
    
    
    
    10,771.16
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing mai
2007
    
    
    -141,501.19
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -16,568.15
    
    
    
    -26,092.79
    
    
    
    -27,660.81
    
    
    
    -29,323.07
    
    
    
    -31,085.21
    
    
    
    -10,771.16253000
    
    
    40419
    
    
    
    120057
    
    
    Mach a flexible
    
    
    2,361.60
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    208.08
    
    
    
    433.67
    
    
    
    458.13
    
    
    
    483.96
    
    
    
    511.27
    
    
    
    266.49
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    40420
    
    
    
    120058
    
    
    Cisaille motorisee
    
    
    18,755.33
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    1,652.56
    
    
    
    3,444.30
    
    
    
    3,638.58
    
    
    
    3,843.83
    
    
    
    4,060.63
    
    
    
    2,115.43
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    40421
    
    
    
    120059
    
    
    Tour
    
    
    10,917.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    960.76
    
    
    
    2,003.20
    
    
    
    2,117.25
    
    
    
    2,237.78
    
    
    
    2,365.19
    
    
    
    1,232.82
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Tour + options +253000
    
    
    40180
    
    
    
    120060
    
    
    ravitailleurs
    
    
    237,977.78
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    20,993.19
    
    
    
    43,738.16
    
    
    
    46,182.35
    
    
    
    48,763.11
    
    
    
    51,488.10
    
    
    
    26,812.87
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Tour + options +253000
    
    
    40417
    
    
    
    120060-1
    
    
    ravitailleurs
    
    
    2,064.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    152.45
    
    
    
    379.52
    
    
    
    399.50
    
    
    
    420.58
    
    
    
    442.75
    
    
    
    269.20
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Tour + options +253000
    
    
    40418
    
    
    
    120060-2
    
    
    ravitailleurs
    
    
    2,064.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    152.45
    
    
    
    379.52
    
    
    
    399.50
    
    
    
    420.58
    
    
    
    442.75
    
    
    
    269.20
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Tour + options +253000
    
    
    39628
    
    
    
    120061
    
    
    ravitailleurs
    
    
    237,977.78
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    20,993.19
    
    
    
    43,738.16
    
    
    
    46,182.35
    
    
    
    48,763.11
    
    
    
    51,488.10
    
    
    
    26,812.87
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    42022
    
    
    
    120062
    
    
    Tour
    
    
    76,800.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    4,551.07
    
    
    
    14,111.59
    
    
    
    14,826.19
    
    
    
    15,576.96
    
    
    
    16,365.74
    
    
    
    11,368.45
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Ext, modif melting253000
    
    
    29342
    
    
    
    120063
    
    
    & casting plant
    
    
    668,731.18
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    39,676.28
    
    
    
    122,983.99
    
    
    
    129,147.43
    
    
    
    135,619.70
    
    
    
    142,416.38
    
    
    
    98,887.40
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Equipement253000
    
    
    41746
    
    
    
    120064
    
    
    surveillance
    
    
    211,270.73
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    12,519.66
    
    
    
    38,819.97
    
    
    
    40,785.74
    
    
    
    42,851.09
    
    
    
    45,021.00
    
    
    
    31,273.27
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    37361
    
    
    
    120065
    
    
    Syst transport
    
    
    115,534.08
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    5,149.55
    
    
    
    21,219.52
    
    
    
    22,249.68
    
    
    
    23,329.86
    
    
    
    24,462.47
    
    
    
    19,123.00
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    43300
    
    
    
    120066
    
    
    Mach à scier
    
    
    34,560.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,050.48
    
    
    
    6,355.82
    
    
    
    6,674.37
    
    
    
    7,008.82
    
    
    
    7,360.09
    
    
    
    5,110.42
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    41461
    
    
    
    120075
    
    
    Projecteur Baty
    
    
    37,548.48
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    1,110.74
    
    
    
    6,855.88
    
    
    
    7,195.87
    
    
    
    7,552.75
    
    
    
    7,927.30
    
    
    
    6,905.94
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Ligne dessorage253000
    
    
    38395
    
    
    
    120088
    
    
    continu
    
    
    130,887.78
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    5,819.55
    
    
    
    23,995.33
    
    
    
    25,185.33
    
    
    
    26,434.32
    
    
    
    27,745.28
    
    
    
    21,707.97
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Tour a poupee253000
    
    
    42603
    
    
    
    120089
    
    
    mobile gital
    
    
    196,800.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    5,807.05
    
    
    
    35,864.50
    
    
    
    37,680.62
    
    
    
    39,588.70
    
    
    
    41,593.44
    
    
    
    36,265.69
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Centre dusinage
verticalDeckel253000
    
    
    41764
    
    
    
    120092
    
    
    Maho
    
    
    226,881.60
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    3,370.37
    
    
    
    41,466.48
    
    
    
    43,414.65
    
    
    
    45,454.39
    
    
    
    47,589.93
    
    
    
    45,585.78
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Groupe électrogène253000
    
    
    41790
    
    
    
    120093
    
    
    SDMO
    
    
    112,038.72
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    1,664.36
    
    
    
    20,476.99
    
    
    
    21,439.04
    
    
    
    22,446.32
    
    
    
    23,500.90
    
    
    
    22,511.11
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    42595
    
    
    
    120094
    
    
    Machine Biglia
    
    
    176,640.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,624.02
    
    
    
    32,283.96
    
    
    
    33,800.73
    
    
    
    35,388.77
    
    
    
    37,051.41
    
    
    
    35,491.11
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00253000
    
    
    42587
    
    
    
    120095
    
    
    Machine Biglia
    
    
    176,640.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,624.02
    
    
    
    32,283.96
    
    
    
    33,800.73
    
    
    
    35,388.77
    
    
    
    37,051.41
    
    
    
    35,491.11
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00
 3




---



##### 



253000
    
    
    44632
    
    
    
    130020
    
    
    Machine à profiler
    
    
    101,518.08
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    18,560.49
    
    
    
    19,393.81
    
    
    
    20,264.56
    
    
    
    21,174.39
    
    
    
    22,124.83
    
    
    
    0.00
    
    
    
    
    
    
    
    0.00Equipement253000
    
    41746
    bis
    
    120064
    
    
    surveillance ajout
    
    
    51,219.31
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    9,337.94
    
    
    
    10,680.80
    
    
    
    11,221.55
    
    
    
    11,789.72
    
    
    
    8,189.30
    
    
    
    0.00
    
    
    
    
    
    
    
    0.00253000
    
    
    47499
    
    
    
    130025
    
    
    Tour Biglia
    
    
    139,323.84
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    21,309.51
    
    
    
    26,537.49
    
    
    
    27,632.31
    
    
    
    28,772.53
    
    
    
    29,959.71
    
    
    
    5,112.29
    
    
    
    
    
    
    
    0.00253000
    
    
    43419
    
    
    
    130026
    
    
    Chaudière Dedietricht
    
    
    36,933.68
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    6,191.55
    
    
    
    7,038.15
    
    
    
    7,346.80
    
    
    
    7,669.05
    
    
    
    8,005.39
    
    
    
    682.74
    
    
    
    
    
    
    
    0.00Gerbeur électrique à
timon ac levée253000
    
    
    47346
    
    
    
    130045
    
    
    auxiliaire
    
    
    9,693.12
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    1,321.85
    
    
    
    1,831.58
    
    
    
    1,913.81
    
    
    
    1,999.74
    
    
    
    2,089.53
    
    
    
    536.61
    
    
    
    
    
    
    
    0.00Chargeur téléscopique253000
    
    
    47336
    
    
    
    130046
    
    
    Merlo
    
    
    87,475.20
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    11,928.66
    
    
    
    16,528.56
    
    
    
    17,270.68
    
    
    
    18,046.10
    
    
    
    18,856.32
    
    
    
    4,844.88
    
    
    
    
    
    
    
    0.00Tour Biglia B470 YS253000
    
    
    47498
    
    
    
    130066
    
    
    2M + options
    
    
    235,961.38
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    32,177.15
    
    
    
    44,585.27
    
    
    
    46,587.07
    
    
    
    48,678.74
    
    
    
    50,864.33
    
    
    
    13,068.82
    
    
    
    
    
    
    
    0.00253000
    
    
    48400
    
    
    
    130069
    
    
    Tour Biglia B1200 M
    
    
    141,673.92
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    17,354.16
    
    
    
    26,879.50
    
    
    
    27,932.80
    
    
    
    29,027.40
    
    
    
    30,164.89
    
    
    
    10,315.17
    
    
    
    
    
    
    
    0.00253000
    
    
    48401
    
    
    
    130070
    
    
    Tour Biglia B1200 M
    
    
    141,673.92
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    17,354.16
    
    
    
    26,879.50
    
    
    
    27,932.80
    
    
    
    29,027.40
    
    
    
    30,164.89
    
    
    
    10,315.17
    
    
    
    
    
    
    
    0.00253000
    
    
    48398
    
    
    
    130072
    
    
    Tour Biglia B1200 M
    
    
    141,673.92
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    17,315.31
    
    
    
    26,841.64
    
    
    
    27,921.29
    
    
    
    29,044.37
    
    
    
    30,212.61
    
    
    
    10,338.70
    
    
    
    
    
    
    
    0.00253000
    
    
    48399
    
    
    
    130073
    
    
    Tour Biglia B1200 M
    
    
    141,673.92
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    17,315.31
    
    
    
    26,841.64
    
    
    
    27,921.29
    
    
    
    29,044.37
    
    
    
    30,212.61
    
    
    
    10,338.70
    
    
    
    
    
    
    
    0.00Tour Gildemeister253000
    
    
    49885
    
    
    
    130090
    
    
    GD32-6A
    
    
    235,200.00
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    17,625.08
    
    
    
    43,686.10
    
    
    
    45,715.83
    
    
    
    47,839.85
    
    
    
    50,062.52
    
    
    
    30,270.62
    
    
    
    
    
    
    
    0.00253000
    
    
    50745
    
    
    
    130095
    
    
    Presse 15 tonnes
    
    
    21,816.96
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    976.01
    
    
    
    4,018.03
    
    
    
    4,206.80
    
    
    
    4,404.44
    
    
    
    4,611.38
    
    
    
    3,600.30
    
    
    
    
    
    
    
    0.00Tour Universel253000
    
    
    49953
    
    
    
    130101
    
    
    Gildemeister
    
    
    115,377.60
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,417.32
    
    
    
    21,086.93
    
    
    
    22,121.66
    
    
    
    23,207.16
    
    
    
    24,345.95
    
    
    
    21,198.58
    
    
    
    
    
    
    
    0.00Sensor for Tension253000
    
    
    49060
    
    
    
    110102
    
    
    and Compression
    
    
    11,040.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    164.42
    
    
    
    2,021.81
    
    
    
    2,114.69
    
    
    
    2,211.84
    
    
    
    2,313.44
    
    
    
    2,213.80
    
    
    
    
    
    
    
    0.00253000
    
    
    53337
    
    
    
    130103
    
    
    Chaudière Dedietricht
    
    
    36,933.68
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    550.05
    
    
    
    6,763.72
    
    
    
    7,074.46
    
    
    
    7,399.48
    
    
    
    7,739.40
    
    
    
    7,406.57
    
    
    
    
    
    
    
    0.00Enceinte de253000
    
    
    52653
    
    
    
    140022
    
    
    températureVT7120
    
    
    21,101.76
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,537.54
    
    
    
    4,021.23
    
    
    
    4,197.61
    
    
    
    4,381.69
    
    
    
    4,573.87
    
    
    
    389.82
    
    
    
    0.00Workstation for bldg
67 profile253000
    
    
    53338
    
    
    
    140023
    
    
    serie 4
    
    
    19,709.84
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3,300.64
    
    
    
    3,753.71
    
    
    
    3,920.32
    
    
    
    4,094.27
    
    
    
    4,275.98
    
    
    
    364.92
    
    
    
    0.00Extension of electric253000
    
    
    41458
    
    
    
    140043
    
    
    ctrl press vpp
    
    
    52,800.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7,208.10
    
    
    
    9,983.30
    
    
    
    10,426.35
    
    
    
    10,889.03
    
    
    
    11,372.26
    
    
    
    2,920.96
    
    
    
    0.00Tour Biglia B470 YS253000
    
    
    56990
    
    
    
    140064
    
    
    2M + options
    
    
    260,267.52
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    27,408.88
    
    
    
    48,709.44
    
    
    
    50,972.52
    
    
    
    53,340.77
    
    
    
    55,819.05
    
    
    
    24,016.86
    
    
    
    0.00Tour Biglia B1200M pr253000
    
    
    56995
    
    
    
    140065
    
    
    lunette
    
    
    146,082.40
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,348.83
    
    
    
    27,298.65
    
    
    
    28,595.62
    
    
    
    29,953.83
    
    
    
    31,376.78
    
    
    
    13,509.69
    
    
    
    1.00Tour Biglia B1200M pr253000
    
    
    57001
    
    
    
    140066
    
    
    lunette
    
    
    146,082.40
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,348.83
    
    
    
    27,298.65
    
    
    
    28,595.62
    
    
    
    29,953.83
    
    
    
    31,376.78
    
    
    
    13,509.69
    
    
    
    1.00Tour Biglia B1200M ac253000
    
    
    57003
    
    
    
    140067
    
    
    lunette+options
    
    
    166,012.44
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    17,440.54
    
    
    
    31,019.19
    
    
    
    32,492.71
    
    
    
    34,036.25
    
    
    
    35,653.11
    
    
    
    15,350.64
    
    
    
    -20.00Tour Biglia B1200M ac253000
    
    
    57009
    
    
    
    140068
    
    
    lunette+options
    
    
    166,012.44
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    17,440.54
    
    
    
    31,019.19
    
    
    
    32,492.71
    
    
    
    34,036.25
    
    
    
    35,653.11
    
    
    
    15,350.64
    
    
    
    -20.00Banc Magnétoscopique253000
    
    
    51577
    
    
    
    140080
    
    
    Type universal
    
    
    32,743.53
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    2,865.18
    
    
    
    5,984.85
    
    
    
    6,340.96
    
    
    
    6,718.24
    
    
    
    7,117.97
    
    
    
    3,716.27
    
    
    
    -0.06Syst.
Sécurité+adaptation253000
    
    
    54143
    
    
    
    140107
    
    
    accès usine
    
    
    83,127.89
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    4,992.05
    
    
    
    15,422.27
    
    
    
    16,114.69
    
    
    
    16,838.20
    
    
    
    17,594.22
    
    
    
    12,166.46
    
    
    
    0.00
 4




---



##### 



Electronic ballistic253000
    
    
    52868
    
    
    
    140119+120
    
    
    camera 40mm
    
    
    291,730.56
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    8,804.15
    
    
    
    54,089.15
    
    
    
    56,320.88
    
    
    
    58,644.69
    
    
    
    61,064.39
    
    
    
    52,807.30
    
    
    
    
    
    
    
    0.00Install de
radioscopie253000
    
    
    51457001
    
    
    
    140122
    
    
    MV2000/320KV
    
    
    299,245.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    9,373.72
    
    
    
    115,640.17
    
    
    
    121,676.60
    
    
    
    52,554.51
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing mai
2007
    
    
    -299,245.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -9,373.72
    
    
    
    -115,640.17
    
    
    
    -121,676.60
    
    
    
    -52,554.51253000
    
    
    53037/1
    
    
    
    150072
    
    
    Tour Biglia B1200M
    
    
    163,422.69
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    9,856.60
    
    
    
    30,414.81
    
    
    
    31,723.28
    
    
    
    33,087.98
    
    
    
    34,511.45
    
    
    
    23,828.57
    
    
    
    0.00253000
    
    
    53037/2
    
    
    
    150073
    
    
    Tour Biglia B1200Y
    
    
    201,405.95
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    12,148.08
    
    
    
    37,483.83
    
    
    
    39,096.37
    
    
    
    40,778.29
    
    
    
    42,532.60
    
    
    
    29,366.78
    
    
    
    0.00Tour Biglia B470253000
    
    
    53037/3
    
    
    
    160010
    
    
    YS2M
    
    
    258,174.23
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    47,379.09
    
    
    
    49,417.44
    
    
    
    51,543.37
    
    
    
    53,760.77
    
    
    
    56,073.56
    
    
    
    0.00254000
    
    
    21552
    
    
    
    100072
    
    
    Renault
    
    
    20,132.70
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    11,933.35
    
    
    
    3,835.90
    
    
    
    4,044.66
    
    
    
    318.79
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00254000
    
    
    980359
    
    
    
    98056
    
    
    Volvo
    
    
    21,623.60
    
    
    
    4,116.74
    
    
    
    5,103.98
    
    
    
    5,486.53
    
    
    
    5,897.83
    
    
    
    1,018.52
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00254000
    
    
    310N/00011623
    
    
    
    98059
    
    
    Opel Vectra
    
    
    22,628.51
    
    
    
    1,259.37
    
    
    
    5,232.64
    
    
    
    5,559.38
    
    
    
    5,906.51
    
    
    
    4,670.61
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00254000
    
    
    31556
    
    
    
    120009
    
    
    BMW 735i
    
    
    56,565.19
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    9,185.82
    
    
    
    10,591.44
    
    
    
    11,221.25
    
    
    
    11,888.47
    
    
    
    12,595.40
    
    
    
    1,082.81
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing254000
    
    
    
    
    
    
    
    
    
    février 2007
    
    
    -56,565.19
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -9,185.82
    
    
    
    -10,591.44
    
    
    
    -11,221.25
    
    
    
    -11,888.47
    
    
    
    -12,595.40
    
    
    
    -1,082.81254000
    
    
    18005520
    
    
    
    120067
    
    
    Volvo V70 XC AWD
    
    
    32,833.37
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,681.99
    
    
    
    5,237.53
    
    
    
    5,660.98
    
    
    
    6,118.66
    
    
    
    6,613.35
    
    
    
    6,520.86
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Toyota Hilux 2500CC254000
    
    
    40259
    
    
    
    130059
    
    
    D4D rouge
    
    
    17,848.00
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    3,413.01
    
    
    
    4,299.58
    
    
    
    4,533.54
    
    
    
    4,780.24
    
    
    
    821.63
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    0.00Sortie leasing
avril 2007
    
    
    -17,848.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    -3,413.01
    
    
    
    -4,299.58
    
    
    
    -4,533.54
    
    
    
    -4,780.24
    
    
    
    -821.63Camion MAN tga type254000
    
    
    50540
    
    
    
    130094
    
    
    19313 FLC
    
    
    61,800.00
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,764.72
    
    
    
    11,381.73
    
    
    
    11,916.46
    
    
    
    12,476.33
    
    
    
    13,062.50
    
    
    
    10,198.26
    
    
    
    
    
    
    
    
    
    
    
    0.00Accessoires camion254000
    
    
    55464
    
    
    
    130094-1
    
    
    MAN
    
    
    23,520.00
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    
    
    
    
    1,766.69
    
    
    
    4,375.88
    
    
    
    4,574.63
    
    
    
    4,782.40
    
    
    
    4,999.60
    
    
    
    3,020.80
    
    
    
    
    
    
    
    0.00Ford Transit 430254000
    
    
    58740
    
    
    
    150054
    
    
    L/EF
    
    
    32,799.00
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    2,942.30
    
    
    
    6,097.30
    
    
    
    6,392.36
    
    
    
    6,701.66
    
    
    
    7,025.96
    
    
    
    3,639.42
    
    
    
    0.00Total par an
    
    
    
    
    
    
    
    
    6,549,649.43
    
    
    
    5,376.12
    
    
    
    10,336.61
    
    
    
    22,979.26
    
    
    
    15,640.25
    
    
    
    144,495.61
    
    
    
    692,054.53
    
    
    
    969,697.25
    
    
    
    1,172,709.41
    
    
    
    1,323,730.05
    
    
    
    1,211,299.49
    
    
    
    573,429.63
    
    
    
    294,954.83
    
    
    
    112,908.33
    
    
    
    -38.06
 5




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##### 



EXHIBIT I
 THE ALLIED DEFENSE GROUP, INC.
 CONVERSION NOTICE
 [FOR AMENDED NOTES: ] Note Company Common Stock
 
 
 1
    
    FOR AMENDED NOTES: Accrued and unpaid Interest through the closing shall be added to the Original Principal Amount of the Note.2
    
    Insert date that is 6 months from Issuance Date.3
    
    Insert a price equal to the higher of (a) the Closing Bid Price as of the Trading Day immediately prior to date of signing and (b) $8.00.4
    
    Insert Closing Bid Price on the date of signing of the Amended and Restated Securities Purchase Agreement.5
    
    Insert 18 month anniversary of the Issuance Date. 6




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##### 



[FOR AMENDED NOTES: ]
 The Allied Defense Group, Inc. shares are to be debited from Reserve 2006  Convertible Notes
  Number of Shares:Issue to Name and Address:Tax ID / SSN:Requires Restrictive Legend:
    
    Yes NoMailing Address:(if different from address above)
  
  7




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##### 



ACKNOWLEDGMENT
 
  THE ALLIED DEFENSE GROUP, INC.
 
 8