Aval Kredit-Rahmanvertrag, Linton Bank Guarantees



 Exhibit 10.13 

 

			
	 Basic contract for guarantee-backed credit
  

 ̈ Credit guarantee
	  	
Sparkasse1
 Stadtsparkasse Augsburg
 Halderstr. 1-5
 86150 Augsburg

 
 Tax ID no.: DE 127504902
 Acct. no.: 7000068853
 Place, date: Augsburg, July 29, 2011


 Company: Prometal RCT GmbH, Am Mittleren Moos 41, 86167 Augsburg 

 

	•	 	 hereinafter referred to as the Borrower – enters into an agreement with the Sparkasse for the takeover of sureties for the benefit of the Borrower
up to a total amount of 


 EUR 1,000,000.00 
 For the basic contract, the following conditions shall apply in addition to the attached conditions for the guarantee-related transaction: 
 1 Guarantee account 
 For the sureties taken over by the Sparkasse, the Borrower shall be
debited on guarantee account no. 7000068853. 
 2 Guarantee fee 
 For the sureties taken over within the scope of this contract, the Sparkasse shall assess the fee rates respectively established for guarantee-backed credit of this type, 

 ̈ currently one-time      percent of the guarantee amount, minimum EUR 

x the rate respectively set by the Sparkasse for guarantee-backed credit, currently 

 

			
	 ̈ per month	  	 percent of the guarantee amount

	x per year	  	1.75 percent of the guarantee amount
	At least €15.00 per quarter	  	

 For additional costs, see Special Agreements 
 The Borrower shall receive the debit note separately. The Borrower shall be notified of any changes to the guarantee fee. 
 The debit shall be drawn from giro account no.:                      

If no sales tax is charged, then the transaction shall be considered a tax-free financial service. If the Borrower has not submitted its
opposition in writing within four weeks after posting of the sales tax by explaining its justified interests (especially no entitlement to pre-tax deduction), the Sparkasse shall continue to charge for the credit costs plus sales tax in the legally
stipulated amount. The Borrower shall also be entitled to object if its pre-tax deduction entitlement changes at a later point in time. 
 3
Amount of the guarantee 
 When a guarantee is taken over, the Borrower shall receive a separate notice regarding the amount of the guarantee
stemming from this basic contract. The Sparkasse is authorized to obtain information from creditors regarding the respective amounts of the guaranteed liabilities. 
 4 Special agreements 
  

	•	 	 See enclosure – 


 5
Collateral 
 The Sparkasse is entitled to take over guarantees when all prerequisites have been met for the collateral to be available to
the Sparkasse, and that the Sparkasse has been presented with confirmation regarding this. The Sparkasse is being/ provided with/assigned – in special agreements governing the details – the following collateral: 

 

	 	•	 	 Time-unrestricted guarantee of €1,500,000.00 from S. Kent Rockwell, according to a separate statement. 



 

	 	•	 	 Assignment of all claims from all customers whose names begin with A-Z arising from the delivery of goods and services by Prometal RCT GmbH, according
to a separate collateral contract. 


  

	 	•	 	 Hard copy of a letter of responsibility from Ex One Company, LLC for the benefit of Prometal RCT GmbH, according to a separate agreement



 The liability for any existing or future miscellaneous collateral within the scope of the respectively agreed upon
collateral purpose shall hereby remain unaffected. 
  

			
	
1         For companies/legal persons with tax ID or VAT ID no.
	  	 ̈ Please mark if applicable.








 6 Multiple Borrowers 
 Multiple borrowers shall be liable as joint debtors for the liabilities arising from this contract. 
 If the Sparkasse is paid off by a borrower, it shall not verify whether this borrower is entitled to claims on collateral it no longer requires. It shall basically return such collateral to the collateral
provider, as long as the paying borrower does not prove that the collateral provider’s approval is on hand for issue to it. 
 7 Claims
arising from a guarantee 
 If a claim arising from a guarantee is made against the Sparkasse, the Customer shall promptly reimburse the
amounts paid by the Sparkasse toward the guarantee. The Sparkasse is entitled to place its reimbursement claim in its current account. 
 8
Contract duration 
 The contract shall be concluded for an indefinite period and may be terminated by either party at any time without
having to comply with a termination notice. For guarantees taken over at the time of termination, the provisions of this contract shall continue to apply. However, the Sparkasse may, regardless of the claim for exemption according to § 775 BGB
(German Civil Code), demand that the Borrower be exempt from these guarantee obligations. 
 9 Requirements regarding disclosure and
information 
 For the entire duration of this loan, the Borrower shall grant the Sparkasse or an agency it designates, at any time and at
least once annually, the right to examine the current business relationships, to hand over related relevant documents (e.g., balance sheets/annual financial statement, income tax reports and declarations, statements of assets and liabilities, and so
on), to provide any requested information, and to enable inspection of its business. The Sparkasse is required, based on legal and supervisory guidelines, to have the Borrower’s business relationships disclosed to it. 

The Sparkasse may request the documents required to do so directly from the Borrower’s consultants for bookkeeping and tax-related matters after
coordinating with the Borrower. If the mentioned documents are stored on data carriers, the Borrower shall be required to make these legible within a suitable period of time. 
 If the Borrower does not meet these requirements, the Sparkasse shall be entitled to terminate the credit relationship with immediate repayment. 
 The Sparkasse is entitled to examine at any time the public register as well as the land register and the property files, and to request single or certified copies and extracts at the Borrower’s
cost, as well as to obtain information from insurance companies, authorities, and other agencies, especially credit institutions that it may consider necessary to evaluate the credit relationship. 

10 Costs of the contract 
 All costs
incurred by signing and executing this Contract, including the provision of collateral, shall be borne by the Borrower. 
 11 Place of
jurisdiction 
 Unless the competence of the Sparkasse’s general place of jurisdiction is not already indicated in §29 ZPO (Code of
Civil Procedure), the Sparkasse may pursue its claims through legal action in its general place of jurisdiction if the borrower to be sued in the legal action is a business person or a legal person according to No. 6, AGB (General Terms and
Conditions) or such persons have no general place of jurisdiction domestically at the time of contract signing, or later move their domicile or usual place of residence outside of the Federal Republic of Germany or their usual place of residence is
not known at the time the suit is filed. 
 12 General Terms and Conditions 

The Sparkasse expressly points out that its General Terms and Conditions (AGB) are also an inherent component of the contract. The
General Terms and Conditions may be viewed in the Sparkasse’s counter room.2 
 The contract and additional copies shall be signed by all borrowers! 

Enclosure: Conditions for the surety transaction 
  

							
	Place, date (if different than on page 1)	 	Company and signature(s) of Transferor
		 		 	The Borrower is acting on its own behalf
	Legitimation/identification	 	 ̈ yes /  ̈ no (other officer authorized to conduct
business;
	 ̈ 1. Person known and already legitimized by account
                    	 	                          see
identification sheet)
	Verified by  ̈ personal ID /  ̈ passport	 		 	
	No.
                             valid until
                            	 	[signed]	 	by proxy [signed]
	Issued by
                                         
   	 	Prometal RCT GmbH	 	
	Citizenship
                                         
   	 		 	
	Place of birth
                                         
   	 	



	 	
	 ̈ 2. Person known and already legitimized by account
                    	 	 	
	Verified by  ̈ personal ID /  ̈ passport	 	 	
	No.                      valid until
                    	 	 	
	Issued by
                                         
   	 	 	Aug. 4, 2011
	Citizenship
                                         
   	 		 	
	Place of birth
                                         
   	 		 	
			
	Legitimacy and correctness of signature(s) checked:	 	Signature of processing individual (with employee ID no.)	 	For the Sparkasse            (with date if different)
	 	 	  
 




	 	
	 	 		 	July 29, 2011

  

	2 	 Every one of the Sparkasse’s contractual partners shall receive a copy of the AGB if no business relations yet exist and the contract is signed
outside of the Sparkasse. 









 Stadtsparkasse Augsburg 
 Enclosure to the Guarantee-Backed Credit Basic Agreement 
  

					
		  		  	 File no.:
 Place, date:
Augsburg, July 29, 2011


  

	Re. 4	Special Agreements 

 The maximum loan
amount in the amount of €1,000,000.00 may be used in your name and on your behalf as a guarantee, surety for business abroad, commercial letter of credit, and currency exchange rate hedging transaction. 

The price for issuing a domestic suretyship deed is currently €20.00 when using the Sparkasse’s own forms and wording. If using non-Sparkasse
forms or wording, the price increases to €40.00 currently per deed. The conditions for sureties for business abroad, commercial letters of credit, and currency exchange rate hedging transactions shall be agreed upon with you separately.

 The advance payment guarantee no. 7000066733 for €174,396.22 shall be charged to this multipurpose framework. 

The Sparkasse may, for purposes of individual audits of guarantee contracts, request the documents it believes are necessary in regard to the
Borrower’s primary debt relationship to be secured. A right of refusal for guarantee contracts shall be agreed upon in favor of the Sparkasse in the relationship with the Borrower for justified individual cases. 

 

							
	Augsburg, Aug. 4, 2011	 		 	[signed] by proxy [signed]
	Place, date	 		 	Prometal RCT GmbH	 	
				
	Augsburg, July 29, 2011	 		 	Stadtsparkasse Augsburg	 	
	Place, date	 		 	[signed]	 	[signed]
		 		 	Christoph Hennig	 	Elisa Schad

  
 



 

  
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		 		 	Tax ID No. DE 127504902
	Assignment of Outstanding Debts	 		 	
	(Global Assignment)	 	Ref. No. KAg/G3/CH/ES	 	
		 	Place, date: Augsburg, July 29, 2011	 	

 To secure all claims arising from the bank-related business relations according to No. 2, 

Prometal RCT GmbH 
 Am Mittleren Moos
41 
 86167 Augsburg 
  

	•	 	 hereinafter referred to as the Transferor, transfers to the Sparkasse claims owed currently and in the future arising from the delivery of goods and
services as well as from 


 — 
 Against all customers or debtors whose letters begin with 
 A to Z 

 

	•	 	 hereinafter referred to as third-party debtors. They are described in greater detail under No. 1.1. 



1. Transferred claims 
 1.1
Information regarding the transferred claims 
 The transfer pertains to the claims that arose from the Transferor’s business activities
or will arise from these in the future. With the claims, all ancillary claims, including any interest in arrears, shall be transferred. If the collateral provider instructs a third party to collects its claims in its name, it shall hereby also
transfer to the Sparkasse the possession recovery rights and payment claims to which it is entitled arising from these. If a claim included in the transfer cannot be executed in whole or in part as a result of a third-party debtor’s complaints,
the transfer shall also include any of the Transferor’s warranty claims against its contractor. 
 To determine the starting letter of
individual persons or companies that contain one or more family names, the first letter of the first family name is authoritative. In the other cases, it shall be the first letter of the company name. 

1.2 Claims in the current account 

Should a transferred claim between the Transferor and the third-party debtor have to be placed in a current account (real or so-called non-real current
account), then the claims from drawn and future balances shall also be transferred. Also transferred is the right to terminate the current account and determining the balance. 
 2. Purpose of collateral 
 The claims shall serve as collateral for all existing and future,
including conditional or time-limited, claims of the Sparkasse against 
 Prometal RCT GmbH, Am Mittleren Moos 41, 86167 Augsburg 

 

	 	•	 	 hereinafter referred to as Borrower – from its bank-related business relations (especially from current account, credits, and loans of all
types including any legal claims and bills of exchange). They shall also cover claims against the Borrower from bills of exchange, even if they are submitted by third parties, from transfers or legal transfers of claim and from sureties, which have
been taken over by the Borrower in relation to the Sparkasse, effective on their due dates, to the extent that the Sparkasse acquires these claims within the scope of its bank-related business relations with the Borrower.



 3 Inventory 
 3.1 The Transferor shall send to the Sparkasse1 
 on a semi-annual basis

 and unbidden an inventory of the aforementioned claims, and initially upon signing this Contract. The Sparkasse may also request an inventory
in shorter time intervals. The inventory must provide the names and addresses of third-party debtors, the amount of the claim, the invoice date as well as any due dates. Current account claims shall be explicitly marked in the inventories. Upon
request, the existence of claims shall be verified by the submission of invoice copies or other documents. The scope of the claim transfer shall not be impaired by an incomplete inventory. 
 3.2 The Transferor shall ensure for all claims listed in the inventory according to No. 3.1 that they rightly exist and are neither distrained, pledged, or otherwise transferred (with the
exception of transfers due to the Contractor’s extended right to title retention). 
 4 Special agreements 

 

	1	 Here the time interval shall be entered. 



[Left margin, center: Copy for the Transferor] 

[Left margin, bottom: form publication information]