ANY LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL
DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. INDEMNITOR
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF BANK HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT BANK WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR
BANK TO ACCEPT THIS AGREEMENT AND MAKE THE LOAN.
[Remainder of Page Intentionally Blank / Signature Page Follows]
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[Signature Page 1 of 1 to Environmental Indemnity Agreement]
IN WITNESS WHEREOF, Indemnitor has caused this Agreement to be executed as of
the date first written above.
INDEMNITORS:
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 Secretary
Duly Authorized
9