Document:

Exhibit
      4.5

    SECOND
      AMENDMENT TO LOAN AGREEMENT

    

    THIS
      SECOND AMENDMENT TO LOAN AGREEMENT is made as of the 28 day of June 2007
      (the “Agreement”),
      by
      and among RANOR,
      INC.,
      a
      corporation organized under the State of Delaware with its chief executive
      office, principal place of business and mailing address at One Bella Drive,
      Westminster, Massachusetts 01473 (, the “Borrower”)
      and
SOVEREIGN
      BANK,
      a
      federal savings bank with a usual place of business at 1010 Farmington Avenue,
      West Hartford, Connecticut 06107 (the “Lender”).

    

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      Lender
      and Borrower entered into a certain loan transaction in the amount of
      $5,000,000.00 as evidenced by a Loan and Security Agreement dated February
      24,
      2006, as amended from time to time (the “Loan
      Agreement”);
      and

     

    WHEREAS,
      the
      obligations of the Borrower under the Loan Agreement are evidenced by a certain
      Revolving Promissory Note in the amount of $1,000,000 (the “Revolving Note”)
      from Borrower to the order of Lender dated January __, 2007 and a certain Term
      Promissory Note in the amount of $4,000,000 (the “Term Note”) from Borrower to
      the order of Lender dated February 24, 2006 (collectively, the “Note”);
      and

     

    WHEREAS,
      Lender
      and Borrower have agreed to increase the amount of the loan and to make certain
      other modifications to the Loan Agreement as set forth herein. 

     

    NOW
      THEREFORE, in
      consideration of the foregoing, and in consideration of $1.00 and other valuable
      consideration received to the full satisfaction of the Borrower, the Borrower
      and the Lender hereby agree as follows:

     

    1. Subparagraph
      b. of Section 2.1 of the Loan Agreement is amended to read in its entirety
      as
      follows: 

     

    “b. Two
      Million Dollars ($2,000,000).”

     

    2. Section
      2.10., Unused Line Fee, of the Loan Agreement is deleted in its
      entirety.

     

    3. Subparagraph
      (e) of Section 6.5, Financial Statements, of the Loan Agreement is amended
      to
      read in its entirety as follows:

     

    “(e) Field
      Exams. Lender
      may cause commercial finance field examinations to be completed annually, at
      Borrower’s sole cost and expense; provided that, no field examination shall be
      required for any year in which the average of the total principal amount
      outstanding under the Loan as of the close of each month is less than
      $1,000,000.”

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    3. All
      references to the Revolving Note in the Loan Agreement shall hereafter mean
      the
      Amended and Restated Revolving Promissory Note of even date herewith by Borrower
      in favor of Lender.

     

    5. Except
      as
      modified herein, the Loan Agreement shall remain in full force and
      effect.

    

    IN
      WITNESS WHEREOF,
      the
      Borrower and the Lender have caused this Agreement to be executed as of the
      date
      first set forth above.

     

    
      	 	 	 
	 	
              SOVEREIGN
                BANK

            
	 
 	 
 	 
 
	
            	By:  	/s/
              Devin Hawthorne
	 	
              

              Devin
                Hawthorne

            
	 	
              Its
                Vice President

              Duly
                Authorized

            

    

     

    
      	 	 	 
	 	
              BORROWER

            
	 	 
	 	
              RANOR,
                INC.

            
	 	 	 
	
            	By:  	/s/
              James G. Reindl
	 	
              
James
              G. Reindl
	 	
              Its
                Chairman

              Duly Authorized

            

    

     

    The
      foregoing has been read and consented to by the following
      Guarantor:

     

    
      	 	 	 
	 	
              TECHPRECISION
                CORPORATION

              
                f/k/a
                  LOUNSBERRY HOLDINGS II,

                INC.

              

            
	 
 	 
 	 
 
	
            	By:  	James
              G.
              Reindl
	 	
              
James
              G. Reindl
	 	
              Its
                Chairman and CEO

              Duly
                Authorized

            

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

     

    Exhibit
      4.5

     

    AMENDED
      AND RESTATED

    REVOLVING
      PROMISSORY NOTE

    

    
      	$2,000,000.00	
              Westminster,
                Massachusetts

            
	 	
              June
                28,
                2007

            

    

     

    
      	
              1.

            	
              Promise
                To Pay.

            

    

     

    FOR
      VALUE
      RECEIVED, RANOR,
      INC.,
      a
      Delaware corporation with a chief executive office and principal place of
      business of One Bella Drive, Westminster, Massachusetts 01473 (“Borrower”)
      promises to pay to the order of SOVEREIGN
      BANK,
      a
      federal savings bank having an address and principal office at 1010 Farmington
      Avenue, West Hartford, CT 06107 (“Lender”), the principal sum of TWO MILLION
      ($2,000,000.00) DOLLARS, or so much thereof as may be advanced, with interest
      thereon, or on the amount thereof from time to time outstanding, to be computed,
      as hereinafter provided, on each advance from the date of its disbursement
      until
      such principal sum shall be fully paid. Interest and principal shall be payable
      as set forth in Section 4 below. Subject to extension as provided in Section
      4.4
      below, the total principal sum, or the amount thereof outstanding, together
      with
      any accrued but unpaid interest, shall be due and payable in full on June 30,
      2009 (the “Maturity Date”) in accordance with the Loan Agreement (hereafter
      defined) pursuant to which this Note has been issued.

    

    
      	
              2.

            	
              Loan
                Agreement.

            

    

     

    This
      Note
      is issued pursuant to the terms, provisions and conditions of an agreement
      captioned “Loan and Security Agreement” dated February 24, 2006, as amended by a
      First Amendment to Loan Agreement dated January __, 2007, as further amended
      by
      a Second Amendment to Loan Agreement as of the date hereof between Borrower
      and
      Lender (the “Loan Agreement”) and evidences the Loan and Loan Advances made
      pursuant thereto. Capitalized terms used herein which are not otherwise
      specifically defined shall have the same meaning herein as in the Loan
      Agreement.

    

    
      	
              3.

            	
              Interest
                Rates.

            

    

     

    
      	 	
              3.1.

            	
              Borrower's
                Options.
                Principal amounts outstanding under the Loan shall bear interest
                at the
                following rates, at Borrower's selection, subject to the conditions
                and
                limitations provided for in this Note: (i) Variable Rate, or (ii)
                LIBOR
                Based Rate.

            

    

     

    
      	 	
              3.1.1.

            	
              Selection
                To Be Made.
                Borrower shall select, and thereafter may change the selection of,
                the
                applicable interest rate, from the alternatives otherwise provided
                for in
                this Note, by giving Lender a Notice of Rate Selection: (i) prior
                to each
                Loan Advance, (ii) prior to the end of each Interest Period applicable
                to
                a LIBOR Based Advance, or (iii) on any Business Day on which Borrower
                desires to convert an outstanding Variable Rate Advance to a LIBOR
                Based
                Advance.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              3.1.2.

            	
              Notice.
                A
                “Notice of Rate Selection” shall be a written notice, given by cable,
                tested telex, telecopier (with authorized signature), or by telephone
                if
                immediately confirmed by such a written notice, from an Authorized
                Repre-sentative of Borrower which: (a) with respect to LIBOR Based
                Advances: (i) is irrevocable; (ii) is received by Lender not later
                than
                10:00 o'clock A.M. Eastern Time, at least three (3) Business Days
                prior to
                the first day of the Interest Period to which such selection is to
                apply;
                and (iii) as to each selected interest rate option, sets forth the
                aggregate principal amount(s) to which such interest rate option(s)
                shall
                apply and the Interest Period(s) applicable to each LIBOR Based Advance;
                (b) with respect to Variable Rate Advances: (i) is irrevocable; (ii)
                is
                received by Lender not later than 12:00 o’clock P.M. Eastern Time with
                respect to any same day Variable Rate Advance; and (iii) as to each
                selected interest rate option, sets forth the aggregate principal
                amount(s) to which such interest rate option(s) shall
                apply.

            

    

     

    
      	 	
              3.1.3.

            	
              If
                No Notice.
                If Borrower fails to select an interest rate option in accordance
                with the
                foregoing prior to a Loan Advance, or prior to the last day of the
                applicable Interest Period of an outstanding LIBOR Based Advance,
                or if a
                LIBOR Based Advance is not available, any new Loan Advance made shall
                be
                deemed to be a Variable Rate Advance, and on the last day of the
                applicable Interest Period all outstanding principal amounts shall
                be
                deemed converted to a Variable Rate
                Advance.

            

    

     

    
      	 	
              3.2.

            	
              Telephonic
                Notice.
                Without in any way limiting Borrower's obligation to confirm in writing
                any telephonic notice, Lender may act without liability upon the
                basis of
                telephonic notice believed by Lender in good faith to be from Borrower
                prior to receipt of written confirmation. In each case Borrower hereby
                waives the right to dispute Lender's record of the terms of such
                telephonic Notice of Rate Selection in the absence of manifest
                error.

            

    

     

    
      	 	
              3.3.

            	
              Limits
                On Options; One Selection Per Month.
                Each LIBOR Based Advance shall be in a minimum amount of $100,000.
                At no
                time shall there be outstanding a total of more than four (4) LIBOR
                Based
                Advances combined at any time.

            

    

     

    
      
        
        

      

      
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          2
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              4.

            	
              Payment
                of Interest and Principal.

            

    

     

    
      	 	
              4.1.

            	
              Payment
                and Calculation of Interest.
                All interest shall be: (a) payable in arrears commencing July 1,
                2007 and
                on the first day of each month thereafter until the principal together
                with all interest and other charges payable with respect to the Loan
                shall
                be fully paid; and (b) with respect to interest calculated at the
                variable
                rate, calculated on the basis of a 360 day year and the actual number
                of
                days elapsed. Each change in the Prime Rate shall simultaneously
                change
                the Variable Rate payable under this Note. Interest at the LIBOR
                Based
                Rate shall be computed from and including the first day of the applicable
                Interest Period to, but excluding, the last day
                thereof.

            

    

     

    
      	 	
              4.2.

            	
              Principal.
                The entire principal balance shall be due and payable in full upon
                Maturity.

            

    

     

    
      	 	
              4.3.

            	
              Prepayment.
                The Loan or any portion thereof may be prepaid in part at any time
                without
                premium or penalty with respect to Variable Rate Advances. LIBOR
                Based
                Advances (whether partially or fully prepaid) may be prepaid on the
                terms
                set forth in Section 4.9. If the Loan is prepaid in full, the Borrower
                shall pay to the Lender an amount equal to 3% of the loan amount
                in the
                first year of this Note, and 2% in the second year.
                

            

    

     

    
      	 	
              4.4.

            	
              Maturity.
                At Maturity all accrued interest, principal and other charges due
                with
                respect to the Loan shall be due and payable in full and the principal
                balance and such other charges, but not unpaid interest, shall
                automatically bear interest at the Default Rate until so paid.
                

            

    

     

    
      	 	
              4.5.

            	
              Method
                of Payment; Date of Credit.
                All payments of interest, principal and fees shall be made in immediately
                available funds: (a) by direct charge to an account of Borrower maintained
                with Lender (or the then holder of the Loan), or (b) by a Variable
                Rate
                Advance, which Borrower hereby authorizes Lender to make unless Borrower
                otherwise notifies Lender prior to the due date, or (c) by wire transfer
                to Lender. Payments shall be credited on the Business Day on which
                immediately available funds are received prior to one o'clock p.m.
                Eastern
                Time; payments received after one o'clock p.m. Eastern Time shall
                be
                credited to the Loan on the next Business
                Day.

            

    

     

    
      	 	
              4.6.

            	
              Billings.
                Lender shall submit monthly billings reflecting payments due; however,
                any
                changes in the interest rate which occur between the date of billing
                and
                the due date shall be reflected in the billing for a subsequent month.
                Neither the failure of Lender to submit a billing nor any error in
                any
                such billing shall excuse Borrower from the obligation to make full
                payment of all Borrower's payment obligations when
                due.

            

    

     

    
      
        
        

      

      
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          3
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              4.7.

            	
              Default
                Rate.
                Lender shall have the option of imposing, and Borrower shall pay
                upon
                billing therefor, an interest rate which is two percent (2%) per
                annum
                above the interest rate otherwise payable (“Default Rate”): (a) while any
                monetary Default exists and is continuing, during that period between
                the
                due date (extended by any grace period) and the date of payment;
                (b)
                following any Event of Default, unless and until the Event of Default
                is
                waived by Lender; and (c) after
                Maturity.

            

    

     

    
      	 	
              4.8.

            	
              Late
                Charges.
                If a regularly scheduled payment is fifteen (15) days or more late,
                Borrower will be charged five percent (5%) of the regularly scheduled
                payment or $10.00, whichever is greater. If Lender demands payment
                of this
                Loan, and Borrower does not pay the Loan within fifteen (15) days
                after
                Lender's demand, Borrower will be charged either five percent (5.0%)
                of
                the unpaid principal plus accrued unpaid interest or $10.00, whichever
                is
                greater.

            

    

     

    
      	 	
              4.9.

            	
              Calculation
                of Yield Maintenance

            

    

     

    (i) If,
      at
      any time (A) the interest rate on a loan is a LIBOR Based Rate, and (B) Lender
      in its sole discretion should determine that current market conditions can
      accommodate a prepayment request, Borrower shall have the right at any time
      and
      from time to time to prepay the LIBOR Based Advance in whole (but not in part),
      and Borrower shall pay to Lender a yield maintenance fee in an amount computed
      as follows: the Treasury Rate shall be subtracted from the LIBOR Based Rate
      in
      effect at the time of prepayment. If the result is zero or a negative number,
      there shall be no yield maintenance fee. If the result is a positive number,
      then the resulting percentage shall be multiplied by the amount of the principal
      balance being prepaid. The resulting amount shall be divided by 360 and
      multiplied by the number of days remaining in the Interest Period as to which
      the prepayment is made. Said amount shall be reduced to Present Value calculated
      by using the number of days remaining in the designated term and using the
      above-referenced Treasury Rate and the number of days remaining in the Interest
      Period as to which the prepayment is made. The resulting amount shall be the
      yield maintenance fee due to Lender upon prepayment of the LIBOR Based
      Advance.

     

    (ii) Neither
      all nor any portion of the principal which bears interest at the LIBOR Based
      Rate may or shall be prepaid prior to the last day of the applicable Interest
      Period, except upon fifteen (15) days' prior written notice to Lender and the
      payment to Lender of a Yield Maintenance Fee computed in accordance with clause
      (i) above.

     

    (iii) The
      Yield
      Maintenance Fee shall be payable in respect of all prepayments of principal
      whether voluntary or involuntary including, without limitation, prepayments
      made
      upon acceleration of the Loan, or application of insurance or eminent domain
      proceeds.

     

    
      
        
        

      

      
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          4
          -

        
          

        

      

      
        
        

      

       

    

    (iv) Once
      written notice of intention to prepay is given, the Loan, or the applicable
      portion thereof, shall become due and payable in full on the date specified
      in
      the notice of prepayment and the failure to so prepay the loan on such date,
      together with any applicable Yield Maintenance Fees, shall constitute an Event
      of Default.

     

    
      	 	
              4.10.

            	
              Make
                Whole Provision.
                Borrower shall pay to Lender, immediately upon request and notwithstanding
                contrary provisions contained in any of the Loan Documents, such
                amounts
                as shall, in the judgment of Lender (which shall not be disturbed
                in the
                absence of manifest error), compensate Lender for the loss, cost
                or
                expense which it may reasonably incur as a result of (i) any payment
                or
                prepay-ment, under any circumstances whatsoever, whether voluntary
                or
                involuntary, of all or any portion of a LIBOR Based Advance on a
                date
                other than the last day of the applicable Interest Period, (ii) the
                conversion, for any reason whatsoever, whether voluntary or involuntary,
                of any LIBOR Based Advance to a Variable Rate Advance on a date other
                than
                the last day of the applicable Interest Period, (iii) the failure
                of all
                or a portion of a Loan Advance which was to have borne interest at
                the
                LIBOR Based Rate pursuant to the request of Borrower to be made under
                the
                Loan Agreement (except as a result of a failure by Lender to fulfill
                Lender's obligations to fund), or (iv) the failure of Borrower to
                borrow
                in accordance with any request submitted by it for a LIBOR Based
                Advance.
                Such amounts payable by Borrower shall be equal to any administrative
                costs actually incurred, plus any amounts required to compensate
                for any
                loss, cost or expense incurred by reason of the liquidation or
                re-employment of deposits or other funds acquired by Lender to fund
                or
                maintain a LIBOR Based Advance plus, in any event, but without
                duplication, a Yield Maintenance
                Fee.

            

    

     

    
      	
              5.

            	
              Certain
                Definitions and Provisions Relating To Interest
                Rate.

            

    

     

    
      	 	
              5.1.

            	
              Banking
                Day.
                The term “Banking Day” means a day on which banks are not required or
                authorized by law to close in the State of
                Massachusetts.

            

    

     

    
      	 	
              5.2.

            	
              Business
                Day; Same Calendar Month.
                The term “Business Day” means any Banking Day and, if the applicable
                Business Day relates to the selection or determination of any LIBOR
                Based
                Rate, any London Banking Day. If any day on which a payment is due
                is not
                a Business Day, then the payment shall be due on the next day following
                which is a Business Day, unless, with respect to LIBOR Based Advances,
                the
                effect would be to make the payment due in the next calendar month,
                in
                which event such payment shall be due on the next preceding day which
                is a
                Business Day. Further, if there is no corresponding day for a payment
                in
                the given calendar month (i.e., there is no “February 30th”), the payment
                shall be due on the last Business Day of the calendar
                month.

            

    

     

    
      
        
        

      

      
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          5
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              5.3.

            	
              Dollars.
                The term “Dollars” or “$” means lawful money of the United
                States.

            

    

     

    
      	 	
              5.4.

            	
              Interest
                Period.
                The term “Interest Period” means with respect to each LIBOR Based Advance:
                a period of one (1), two (2), three (3) or six (6) consecutive months,
                subject to availability, as selected, or deemed selected, by Borrower
                at
                least three (3) Business Days prior to a Loan Advance, or if an advance
                is
                already outstanding, at least three (3) Business Days prior to the
                end of
                the current Interest Period. Each such Interest Period shall commence
                on
                the Business Day so selected, or deemed selected, by Borrower and
                shall
                end on the numerically corresponding day in the first, second, third,
                or
                sixth month thereafter, as applicable. Provided, however: (i) if
                there is
                no such numerically corresponding day, such Interest Period shall
                end on
                the last Business Day of the applicable month, (ii) if the last day
                of
                such an Interest Period would otherwise occur on a day which is not
                a
                Business Day, such Interest Period shall be extended to the next
                succeeding Business Day; but (iii) if such extension would otherwise
                cause
                such last day to occur in a new calendar month, then such last day
                shall
                occur on the next preceding Business Day. In any event, no Interest
                Period
                may be selected which would end beyond the then Maturity Date of
                the Loan.
                

            

    

     

    
      	 	
              5.5.

            	
              LIBOR
                Based Advance.
                The term “LIBOR Based Advance” means any principal outstanding under this
                Note which pursuant to this Note bears interest at the LIBOR Based
                Rate.

            

    

     

    
      	 	
              5.6.

            	
              LIBOR
                Based Rate.
                The term “LIBOR Based Rate” means the per annum rate equal to the LIBO
                Rate plus 300 basis points.

            

    

     

    
      	 	
              5.7.

            	
              LIBO
                Rate.
                The term “LIBO Rate” shall mean the rate two (2) Business Days prior to an
                Interest Period per annum (rounded upward, if necessary, to the nearest
                1/32 of one percent) as determined on the basis of the offered rates
                for
                deposits in U.S. dollars, for a period of time comparable to such
                LIBOR
                Based Advance which appears on the Dow Jones Telerate page 3750 as
                of
                11:00 a.m. London time on the day that is two London Banking Days
                preceding the first day of such LIBOR Based
                Advance.

            

    

     

    If
      the
      Telerate system is unavailable, then the rate for that date will be determined
      on the basis of the rates for deposits in U.S. dollars for a period of time
      comparable to such LIBOR Based Advance which are offered by four major banks
      in
      the London interbank market at approximately 11:00 a.m. London time, on the
      day
      that is two (2) London Banking Days preceding the first day of such LIBOR Based
      Advance as selected by the Lender. The principal London office of each of the
      four major London banks will be requested to provide a quotation of its U.S.
      dollar deposit offered rate. If at least two such quotations are provided,
      the
      rate for that date will be the arithmetic mean of the quotations. If fewer
      than
      two quotations are provided as requested, the rate for that date will be
      determined on the basis of the rates quoted for loans in U.S. dollars to leading
      European banks for a period of time comparable to such LIBOR Based Advance
      offered by major banks in New York City at approximately 11:00 a.m. New York
      City time, on the day that is two London Banking Days preceding the first day
      of
      such LIBOR Based Advance.

    

    
      
        
        

      

      
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          6
          -

        
          

        

      

      
        
        

      

       

    

    In
      the
      event that Lender is unable to obtain any such quotation as provided above,
      it
      will be deemed that the LIBO Rate pursuant to a LIBOR Based Advance cannot
      be
      determined. In the event that the Board of Governors of the Federal Reserve
      System shall impose a Reserve Percentage with respect to LIBO Rate deposits
      of
      Lender then for any period during which such Reserve Percentage shall apply,
      the
      LIBO Rate shall be equal to the amount determined above divided by an amount
      equal to 1 minus the Reserve Percentage.

    

    
      	 	
              5.8.

            	
              Loan
                Document.
                The term “Loan Document” means all documents relating to the Loan and
                executed by Borrower or any guarantor in favor of
                Lender.

            

    

     

    
      	 	
              5.9.

            	
              London
                Banking Day.
                The term “London Banking Day” means any day on which dealings in deposits
                in Dollars are transacted in the London interbank
                market.

            

    

     

    
      	 	
              5.10.

            	
              Maturity.
                The term “Maturity” means the Maturity Date, as the same may be extended
                under Section 4.4 hereof, or in any instance, upon acceleration of
                the
                Loan, if the Loan has been accelerated by Lender upon an Event of
                Default.

            

    

     

    
      	 	
              5.11.

            	
              Present
                Value.
                The term “Present Value” means the value at the applicable maturity
                discounted to the date of prepayment using the Treasury
                Rate.

            

    

     

    
      	 	
              5.12.

            	
              Prime
                Rate.
                The term “Prime Rate” means the variable per annum rate of interest so
                designated from time to time by Lender as its prime rate. The Prime
                Rate
                is a reference rate and does not necessarily represent the lowest
                or best
                rate being charged to any customer. The rate of interest hereunder
                shall
                change simultaneously and automatically, without further notice,
                upon
                Lender's determination and designation from time to time of the Prime
                Rate. The Lender's determination and designation from time to time
                of the
                Prime Rate shall not in any way preclude the Lender from making loans
                to
                other borrowers at rates that are higher or lower than or different
                from
                the referenced rate.

            

    

     

    
      
        
        

      

      
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          7
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              5.13.

            	
              Treasury
                Rate.
                The term “Treasury Rate” means, as of the date of any calculation or
                determination, the latest published rate for United States Treasury
                Notes
                or Bills (but the rate on Bills issued on a discounted basis shall
                be
                converted to a bond equivalent) as published weekly in the Federal
                Reserve
                Statistical Release H.15(519) of Selected Interest Rates in an amount
                which approximates (as determined by Lender) the amount (i) approximately
                comparable to the portion of the Loan to which the Treasury Rate
                applies
                for the Interest Period, or (ii) in the case of a prepayment, the
                amount
                prepaid and with a maturity closest to the original maturity of the
                installment which is prepaid in whole or in
                part.

            

    

     

    
      	 	
              5.14.

            	
              Variable
                Rate.
                The term “Variable Rate” means the Prime Rate plus one half percent
                (0.5%).

            

    

     

    
      	 	
              5.15.

            	
              Variable
                Rate Advance.
                The term “Variable Rate Advance” means any principal amount outstanding
                under this Note which pursuant to this Note bears interest at the
                Variable
                Rate.

            

    

     

    
      	
              6.

            	
              Additional
                Provisions Related to Interest Rate
                Selection.

            

    

     

    
      	 	
              6.1.

            	
              Increased
                Costs.
                If, due to any one or more of: (i) the introduction of any applicable
                law
                or regulation or any change (other than any change by way of imposition
                or
                increase of reserve requirements already referred to in the definition
                of
                LIBOR Based Rate above) in the interpretation or application by any
                authority charged with the interpretation or application thereof
                of any
                law or regulation; or (ii) the compliance with any guideline or request
                from any governmental central bank or other governmental authority
                (whether or not having the force of law), there shall be an increase
                in
                the cost to Lender of agreeing to make or making, funding or maintaining
                LIBOR Based Advances, including without limitation changes which
                affect or
                would affect the amount of capital or reserves required or expected
                to be
                maintained by Lender, with respect to all or any portion of the Loan,
                or
                any corporation controlling Lender, on account thereof, then Borrower
                from
                time to time shall, upon written demand by Lender, pay Lender additional
                amounts sufficient to indemnify Lender against the increased cost.
                A
                certificate as to the amount of the increased cost and the reason
                therefor
                submitted to Borrower by Lender, in the absence of manifest error,
                shall
                be conclusive and binding for all purposes. Any additional costs
                due under
                this Section 6.1 will be imposed upon the Borrower only to the extent
                not
                already included in the interest rate for the applicable LIBOR
                Advance.

            

    

     

    
      	 	
              6.2.

            	
              Illegality.
                Notwithstanding any other provision of this Note, if the introduction
                of
                or change in or in the interpretation of any law, treaty, statute,
                regulation or interpretation thereof shall make it unlawful, or any
                central bank or government authority shall assert by directive, guideline
                or otherwise, that it is unlawful, for Lender to make or maintain
                LIBOR
                Based Advances or to continue to fund or maintain LIBOR Based Advances
                then, on written notice thereof and demand by Lender to Borrower,
                (a) the
                obligation of Lender to make LIBOR Based Advances and to convert
                or
                continue any Loan Advances as LIBOR Based Advances shall terminate
                and (b)
                Borrower shall convert all principal outstanding under this Note
                into
                Variable Rate Advances.

            

    

     

    
      
        
        

      

      
        -
          8
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              6.3.

            	
              Additional
                LIBOR Based Conditions.
                The selection by Borrower of a LIBOR Based Rate and the maintenance
                of
                Loan Advances at such rate shall be subject to the following additional
                terms and conditions:

            

    

     

    
      	 	
              (i)

            	
              Availability.
                If, before or after Borrower has selected to take or maintain a LIBOR
                Based Advance, Lender notifies Borrower
                that:

            

    

     

    
      	 	
              (A)

            	
              dollar
                deposits in the amount and for the maturity requested are not available
                to
                Lender in the London interbank market at the rate specified in the
                definition of LIBO Rate set forth above,
                or

            

    

    

    
      	 	
              (B)

            	
              reasonable
                means do not exist for Lender to determine the LIBOR Based Rate for
                the
                amounts and maturity requested,

            

    

     

    then
      the
      principal which would have been a LIBOR Based Advance shall be a Variable Rate
      Advance.

    

    
      	 	
              (ii)

            	
              Payments
                Net of Taxes.
                All payments and prepay-ments of principal and interest under this
                Note
                shall be made net of any taxes and costs resulting from having principal
                outstanding at or computed with reference to a LIBOR Based Rate.
                Without
                limiting the generality of the preceding obligation, illustrations
                of such
                taxes and costs are taxes, or the withholding of amounts for taxes,
                of any
                nature whatsoever including income, excise, interest equalization
                taxes
                (other than United States or state income taxes) as well as all levies,
                imposts, duties or fees whether now in existence or as the result
                of a
                change in or promulgation of any treaty, statute, regulation, or
                interpretation thereof or any directive guideline or otherwise by
                a
                central bank or fiscal authority (whether or not having the force
                of law)
                or a change in the basis of, or the time of payment of, such taxes
                and
                other amounts resulting therefrom.

            

    

     

    
      	 	
              6.4.

            	
              Variable
                Rate Advances.
                Each Variable Rate Advance shall continue as a Variable Rate Advance
                until
                Maturity of the Loan, unless sooner converted, in whole or in part,
                to a
                LIBOR Based Advance, subject to the limitations and conditions set
                forth
                in this Note.

            

    

     

    
      
        
        

      

      
        -
          9
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	
              6.5.

            	
              Conversion
                of Other Advances.
                At the end of each applicable Interest Period, the applicable LIBOR
                Based
                Advance shall be converted to a Variable Rate Advance unless Borrower
                selects another option in accordance with the provisions of this
                Note.

            

    

     

    
      	
              7.

            	
              Acceleration;
                Event of Default.

            

    

     

    At
      the
      option of the holder, this Note and the indebtedness evidenced hereby shall
      become immediately due and payable without further notice or demand, and
      notwithstanding any prior waiver of any breach or default, or other indulgence,
      upon the occurrence at any time of an Event of Default under the Loan Agreement.
      

    

    
      	
              8.

            	
              Certain
                Waivers, Consents and
                Agreements.

            

    

     

    Each
      and
      every party liable hereon or for the indebtedness evidenced hereby whether
      as
      maker, endorser, guarantor, surety or otherwise hereby: (a) waives presentment,
      demand, protest, suretyship defenses and defenses in the nature thereof; (b)
      waives any defenses based upon and specifically assents to any and all
      extensions and postponements of the time for payment, changes in terms and
      conditions and all other indulgences and forbearances which may be granted
      by
      the holder to any party now or hereafter liable hereunder or for the
      indebtedness evidenced hereby; (c) agrees to any substitution, exchange,
      release, surrender or other delivery of any security or collateral now or
      hereafter held hereunder or in connection with the Loan Agree-ment, or any
      of
      the other Loan Documents, and to the addition or release of any other party
      or
      person primarily or secondarily liable; (d) agrees that if any security or
      collateral given to secure this Note or the indebtedness evidenced hereby or
      to
      secure any of the obligations set forth or referred to in the Loan Agreement,
      or
      any of the other Loan Documents, shall be found to be unenforceable in full
      or
      to any extent, or if Lender or any other party shall fail to duly perfect or
      protect such collateral, the same shall not relieve or release any party liable
      hereon or thereon nor vitiate any other security or collateral given for any
      obligations evidenced hereby or thereby; (e) agrees to pay all reasonable costs
      and expenses incurred by Lender or any other holder of this Note in the
      collection of the indebtedness evidenced hereby and the enforcement of rights
      and remedies hereunder or under the other Loan Documents, whether or not suit
      is
      instituted; and (f) consents to all of the terms and conditions contained in
      this Note, the Loan Agreement, and all other instruments now or hereafter
      executed evidencing or governing all or any portion of the security or
      collateral for this Note and for such Loan Agreement, or any one or more of
      the
      other Loan Documents.

    

    
      	
              9.

            	
              Delay
                Not A Bar.

            

    

     

    No
      delay
      or omission on the part of the holder in exercising any right hereunder or
      any
      right under any instrument or agree-ment now or hereafter executed in connection
      herewith, or any agreement or instrument which is given or may be given to
      secure the indebtedness evidenced hereby or by the Loan Agreement, or any other
      agreement now or hereafter executed in connection here-with or therewith shall
      operate as a waiver of any such right or of any other right of such holder,
      nor
      shall any delay, omission or waiver on any one occasion be deemed to be a bar
      to
      or waiver of the same or of any other right on any future occasion.

     

    
      
        
        

      

      
        -
          10
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              10.

            	
              Partial
                Invalidity.

            

    

     

    The
      invalidity or unenforceability of any provision hereof, of the Loan Agreement,
      of the other Loan Documents, or of any other instrument, agreement or document
      now or hereafter executed in connection with the Loan made pursuant hereto
      and
      thereto shall not impair or vitiate any other provision of any of such
      instruments, agreements and documents, all of which provisions shall be
      enforceable to the fullest extent now or hereafter permitted by
      law.

    

    
      	
              11.

            	
              Compliance
                With Usury Laws.

            

    

     

    All
      agreements between Borrower and Lender are hereby expressly limited so that
      in
      no contingency or event whatsoever, whether by reason of acceleration of
      maturity of the indebtedness evidenced hereby or otherwise, shall the amount
      paid or agreed to be paid to Lender for the use or the forbearance of the
      indebtedness evidenced hereby exceed the maximum permissible under applicable
      law. As used herein, the term “applicable law” shall mean the law in effect as
      of the date hereof, provided, however, that in the event there is a change
      in
      the law which results in a higher permissible rate of interest, then this Note
      shall be governed by such new law as of its effective date. In this regard,
      it
      is expressly agreed that it is the intent of Borrower and Lender in the
      execution, delivery and acceptance of this Note to contract in strict compliance
      with the laws of the State of Connecticut from time to time in effect. If,
      under
      or from any circumstances whatsoever, fulfillment of any provision hereof or
      of
      any of the Loan Documents or the Security Documents at the time performance
      of
      such provision shall be due, shall involve transcending the limit of validity
      prescribed by applicable law, then the obligation to be fulfilled shall
      automatically be reduced to the limit of such validity, and if under or from
      any
      circumstances whatsoever Lender should ever receive as interest an amount which
      would exceed the highest lawful rate, such amount which would be excessive
      interest shall be applied to the reduction of the principal balance evidenced
      hereby and not to the payment of interest. This provision shall control every
      other provision of all agreements between Borrower and Lender.

    

    
      	
              12.

            	
              Use
                of Proceeds.

            

    

     

    All
      proceeds of the Loan shall be used solely for the purposes more particularly
      provided for and limited by the Loan Agreement.

    

    
      	
              13.

            	
              Security.

            

    

     

    This
      Note
      is secured by a first priority security interest in certain personal property
      of
      the Borrower and is further secured by other collateral as set forth in the
      Loan
      Agreement.

     

    
      
        
        

      

      
        -
          11
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              14.

            	
              Notices.

            

    

     

    Any
      notices given with respect to this Note shall be given in the manner provided
      for in the Loan Agreement.

    

    
      	
              15.

            	
              Governing
                Law and Consent to
                Jurisdiction.

            

    

     

    
      	 	
              15.1.

            	
              Governing
                Law.
                This Note and each of the other Loan Documents shall in all respects
                be
                governed, construed, applied and enforced in accordance with the
                internal
                laws of the State of Massachusetts without regard to principles of
                conflicts of law.

            

    

     

    
      	 	
              15.2.

            	
              Consent
                to Jurisdiction.
                Borrower hereby consents to personal jurisdiction in any state or
                Federal
                court located within the State of
                Massachusetts.

            

    

     

    
      	
              16.

            	
              Waiver
                of Jury Trial.

            

    

     

    BORROWER
      AND LENDER MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES
      THE
      RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, ARISING
      OUT
      OF, UNDER OR IN CONNECTION WITH THIS NOTE OR ANY OTHER LOAN DOCUMENTS
      CONTEM-PLATED TO BE EXECUTED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT,
      COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY
      PARTY. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR LENDER TO ACCEPT THIS
      NOTE AND MAKE THE LOAN.

    

    
      	
              17.

            	
              No
                Oral Change.

            

    

     

    This
      Note
      and the other Loan Documents may only be amended, terminated, extended or
      otherwise modified by a writing signed by the party against which enforcement
      is
      sought. In no event shall any oral agreements, promises, actions, inactions,
      knowledge, course of conduct, course of dealing, or the like be effective to
      amend, terminate, extend or otherwise modify this Note or any of the other
      Loan
      Documents.

    

    
      	
              18.

            	
              Rights
                of the Holder.

            

    

     

    This
      Note
      and the rights and remedies provided for herein may be enforced by Lender or
      any
      subsequent holder hereof. Wherever the context permits each reference to the
      term “holder” herein shall mean and refer to Lender or the then subsequent
      holder of this Note.

    

    
      	
              19.

            	
              Commercial
                Transaction.

            

    

     

    The
      Borrower hereby represents, covenants and agrees that the proceeds of the loan
      evidenced by this Note shall be used for general commercial purposes and that
      such loan is a "commercial transaction" as defined by the statutes of the State
      of Massachusetts.

     

    
      
        
        

      

      
        -
          12
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              20.

            	
              Setoff.

            

    

     

    Borrower
      hereby grants to Lender a lien, security interest and right of setoff as
      security for all liabilities and obligations to Lender, whether now existing
      or
      hereafter arising, upon and against all deposits, credits, collateral and
      property, now or hereafter in the possession, custody, safekeeping or control
      of
      Lender or any entity under the control of Lender, or in transit to any of them.
      At any time, without demand or notice, after the occurrence of an Event of
      Default or after the lien or levy against such deposits, credits, collateral
      or
      property, Lender may set off the same or any part thereof and apply the same
      to
      any liability or obligation of Borrower and regardless of the adequacy of any
      other collateral securing the Loan. ANY AND ALL RIGHTS TO REQUIRE LENDER TO
      EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH
      SECURES THE LOAN, PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH
      DEPOSITS, CREDITS OR OTHER PROPERTY OF THE BORROWER, ARE HEREBY KNOWINGLY,
      VOLUNTARILY AND IRREVOCABLY WAIVED.

    

    
      	
              21.

            	
              Right
                to Assign.

            

    

     

    Lender
      shall have the unrestricted right at any time or from time to time, and with
      Borrower’s consent, not to be unreasonably withheld, to sell, assign, endorse,
      or transfer all or any portion of its rights and obligations to one or more
      Lenders or other entities (each an “Assignee”), and Borrower agrees that it
      shall execute, or cause to be executed such documents including, without
      limitation, amendments to this Agreement and to any other documents, instruments
      and agreements executed in connection herewith as Lender shall deem necessary
      to
      effect the foregoing. In addition, at the request of Lender and any such
      Assignee, Borrower shall issue one or more new promissory notes, as applicable,
      to any such Assignee and, if Lender has retained any of its rights and
      obligations hereunder following such assignment, to Lender, which new promissory
      notes shall be issued in replacement of, but not in discharge of, the liability
      evidenced by the note held by Lender prior to such assignment and shall reflect
      the amount of the respective commitments and loans held by such Assignee and
      Lender after giving effect to such assignment. Upon the execution and delivery
      of appropriate assignment documentation, amendments and any other documentation
      required by Lender in connection with such assignment, and the payment by
      Assignee of the purchase price agreed to by Lender and such Assignee, such
      Assignee shall be a party to this Agreement and shall have all of the rights
      and
      obligations of Lender hereunder (and under any and all other guaranties,
      documents, instruments and agreements executed in connection herewith) to the
      extent that such rights and obligations have been assigned by Lender pursuant
      to
      the assignment documentation between Lender and Assignee, and Lender shall
      be
      released from its obligation hereunder and thereunder to a corresponding
      extent.

    

    
      	
              22.

            	
              Lost
                Note.

            

    

     

    Upon
      receipt of an affidavit of an officer of Lender as to the loss, theft,
      destruction or mutilation of the Note or any other security document(s) which
      is
      not of public record and, in the case of any such loss, theft, destruction
      or
      mutilation, upon surrender and cancellation of such Note or other document(s),
      the Borrower will issue, in lieu thereof, a replacement Note or other
      document(s) in the same principal amount thereof and otherwise of like
      tenor.

     

    
      
        
        

      

      
        -
          13
          -

        
          

        

      

      
        
        

      

    

     

    
      	
              23.

            	
              Pledge
                to Federal Reserve.

            

    

     

    Lender
      may at any time pledge, endorse, assign, or transfer all or any portion of
      its
      rights under the Loan Documents including any portion of the Note to any of
      the
      twelve (12) Federal Reserve Banks organized under Section 4 of the Federal
      Reserve Act. 12 U.S.C. Section 341. No such pledge or enforcement thereof shall
      release Lender from its obligations under any of the Loan Documents.

    

    This
      Note
      amends and restates a certain Revolving Promissory Note dated January __, 2007,
      and nothing contained herein shall constitute a novation of the indebtedness
      thereunder.

    

    IN
      WITNESS WHEREOF, Borrower has caused this Note to be duly executed as of the
      date set forth above as a sealed instrument at Westminster,
      Massachusetts.

    

    
      	 	 	 
	 	
              BORROWER:

            
	 	 
	 	
              RANOR,
                INC.

            
	 
 	 
 	 
 
	
            	By:  	/s
              James
              G. Reindl
	 	
              
James
              G. Reindl
	 	Its
              Chairman

    
      
        
        

      

      
        -
          14
          -Exhibit
      10.14

    AMENDMENT

    

    This
      Amendment, dated as of the 31st
      day of
      May, 2007, to the preferred stock purchase agreement (the “Purchase Agreement”)
      and the registration rights agreement (the “Registration Rights Agreement”),
      both dated February 24, 2006, between Techprecision Corporation, then known
      as
      Lounsberry Holdings II, Inc. (the “Company”), and Barron Partners LP (“Barron”),
      and shall, among other things, confirm the agreement of the parties as to the
      computation of the adjustment in conversion price of the Series A Preferred
      Stock and the Warrants issued pursuant to the Purchase Agreement.

    

    	(a)  	
            The
              liquidated damages payable by the Company pursuant to the Registration
              Rights Agreement as a result of the failure of the registration statement
              to be declared effective is set at 33,212 shares of Series A Preferred
              Stock. If the currently pending registration statement is not declared
              effective by October 15, 2007, liquidated damages shall accrue at the
              rate
              of 531 shares of Series A Preferred Stock for each day after October
              15,
              2007, that the registration statement is not effective.
              

          

     

    	(b)  	
            The
              parties agree that the adjustment in the conversion price of the Series
              A
              Preferred Stock and the exercise price of the Warrants based on the
              Company’s EBITDA for the fiscal year ended March 31, 2007 will reflect a
              10% reduction from the respective conversion or exercise prices in
              effect
              prior to this adjustment and that such adjustment is consistent with
              the
              provisions of the certificate of designation for the Series A Preferred
              Stock and the Warrants. There shall be no further reductions in the
              conversion price or exercise price based on the Company’s EBITDA per share
              or any other measure of financial
              performance.

          

     

    	(c)  	
            Barron
              agrees that, to the extent that the SEC’s interpretation of Rule 415
              limits the number of shares of common stock that may be included in
              a
              secondary “at the market” offering, Barron will request that all shares of
              common stock issuable upon exercise of warrants be registered before
              it
              requests registration of any shares of Common Stock issuable upon
              conversion of the Series A Preferred Stock. The initial offering will
              be
              at a fixed price until there is a market for the
              stock.

          

     

    	(d)  	
            Notwithstanding
              the provisions of paragraph (c), if either (i) commencing not later
              than
              February 24, 2008, Barron is not able to sell the shares of Common
              Stock
              issuable upon conversion of the Series A Preferred Stock pursuant to
              Rule
              144(k) of the Securities and Exchange Commission (the “Commission”)
              pursuant to the Securities Act of 1933, as amended, or any subsequent
              similar rule, or (ii) the Company fails to be in compliance with its
              filing requirements under the Securities Exchange Act of 1934, as amended,
              then Barron may elect to include in any covered registration statement
              a
              percentage of shares issuable upon conversion of the Series A Preferred
              Stock as follows: 25% of the total number of shares included in the
              registration statement in the first covered registration statement,
              50% in
              the second covered registration statement and 75% in each covered
              registration statement filed thereafter. A covered registration statement
              shall mean a registration statement filed after any event specified
              in
              clause (d)(i) or (d)(ii) occurs.

          

     

    	(e)  	
            If
              the Company is able to file a registration statement (other then the
              pending registration statement) prior to February 24, 2008, and if,
              at the
              date of such filing, Barron would be able to sell the shares of Common
              Stock issuable upon conversion of the Series A Preferred Stock pursuant
              to
              Rule 144(k) not later than February 24, 2008, based on the rules and
              regulations and interpretations by the Commission at the time of such
              filing, then the condition set forth in clause (i) of Paragraph (d)
              shall
              be deemed not to have occurred.

          

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	(f)  	
            This
              Amendment shall be binding upon any Person, as defined in the Purchase
              Agreement, that acquires the Series A Preferred Stock and Warrants
              from
              Barron or any transferee of Barron, and, as a condition to effecting
              any
              such transfer, the transferee shall have agreed to that any sale of
              the
              underlying securities will be made in a manner consistent with the
              provisions of paragraphs (c), (d), (e) and (f) of this
              Amendment.

          

     

    	(g)  	
            Except
              as amended by this Amendment, the Purchase Agreement and the Registration
              Rights Agreement shall remain in full force and
              effect.

          

     

    
      	 	 	 
	
              TECHPRECISION
                CORPORATION

            	
              BARRON
                PARTNERS LP

            
	 	By:
              Barron Capital Advisors, LLC, its General Partners
	 
 	 
 	 
 
	By: /s/
              James G. Reindl	
            	/s/ Andrew
              Barron Worden
	
              
                

              

              James
                G. Reindl, CEO

            	
              

              Andrew
                Barron Worden, President

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