Document:

Exhibit 4.24 Gordon County Bond Series 2012A

Exhibit 4.24

THIS BOND IS SUBJECT TO AN INVESTMENT LETTER AGREEMENT AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO THE TERMS OF SUCH INVESTMENT LETTER AGREEMENT.

DEVELOPMENT AUTHORITY OF GORDON COUNTY TAXABLE REVENUE BOND (MASLAND CARPETS, LLC REAL ESTATE PROJECT), SERIES 2012A

$5,339,217.03

FOR VALUE RECEIVED, the Development Authority of Gordon County (hereinafter referred to as the "Borrower" ) promises to pay, but only from the source as hereinafter provided, to the order of Masland Carpets, LLC (hereinafter referred to as the "Lender") at the Lender's office located in Dalton, Georgia, or at such other place as the holder hereof may designate, the principal sum of $5,339,217.03, or so much thereof as shall be outstanding, together with interest on so much of the principal balance of this Bond as may be outstanding and unpaid from time to time, calculated at the rate per annum indicated below.

The unpaid principal balance of this Bond shall bear interest at a rate per annum equal  to  six  percent (6.00%), calculated  on the basis of a 360-day year and actual days elapsed.

Principal of and interest on this Bond shall be payable in fifty-seven (57) consecutive monthly installments equal to $106,330.41, commencing on February 1, 2013, and continuing to be due on the first day of each succeeding calendar month thereafter, together with a final installment equal to the entire remaining unpaid principal balance of and all accrued interest on this Bond, which shall be due and payable on November 1, 2017.

This Bond shall bear interest on any overdue installment of principal and, to the extent permitted  by applicable law, on any overdue installment of interest, at the aforesaid rate plus  five percent  (5.00%) per annum. The Borrower shall pay a late fee equal to five percent (5%) of the amount of the overdue  payment,  for  any installment payment or other amount due hereunder that is not paid in full within five (5) days after such payment is due, for the purpose of reimbursing the Lender for a portion of the expense  incident  to  handling  the  overdue payment. This late charge shall apply individually to all payments past due, and there will be no daily prorated adjustment. This provision shall not be deemed to excuse a late payment or be deemed a waiver of any other rights the Lender may have,  including the right to declare the entire unpaid principal and interest immediately due and payable. The Borrower agrees that the "late charge" is a provision for liquidated damages and represents a fair and reasonable estimate of the damages the Lender will incur by reason of the late payment, considering all circumstances known to the Borrower and the Lender on the date hereof. The Borrower further agrees that proof of actual damages will be difficult or impossible.

All payments or prepayments on this Bond shall be applied first to unpaid fees and late fees, then to interest accrued on this Bond through the date of such payment or prepayment, and then to principal (and partial principal prepayments shall be applied to such installment in the inverse order of their maturity).

The Borrower may prepay the principal balance of this Bond in whole or in part at any time without premium or penalty, after at least three (3) business days' prior written notice from the Borrower to the Lender of the date of prepayment.

This Bond constitutes the Borrower's Taxable Revenue Bond (Masland Carpels, LLC Real Estate Project), Series 2012A issued under and pursuant to and is entitled to the benefits and subject to the conditions of a Loan Agreement, dated this date (the "Loan Agreement"), between the Borrower and the Lender, to which Loan Agreement reference is hereby made for a description of the circumstances under which principal shall be advanced under this Bond. Reference is hereby made to the Loan Agreement for a description of the security for this Bond 

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and the options and obligations of the Borrower and the Lender hereunder.  Upon an Event of Default (as defined in the Loan Agreement), the entire principal of and interest on this Bond may be declared or may become immediately due and payable as provided in the Loan Agreement.

The obligation of the Borrower to make the payments required to be made under this Bond and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a limited obligation of the Borrower, as provided in the Loan Agreement, and shall be absolute and unconditional irrespective of any defense or any rights of setoff, counterclaim, or recoupment, except for payment, it may otherwise have against the Lender.

THIS BOND SHALL NEVER CONSTITUTE AN INDEBTEDNESS, DEBT, OR GENERAL OBLIGATION OF THE STATE OF GEORGIA, GORDON COUNTY, GEORGIA, OR ANY OTHER POLITICAL SUBDIVISION OF THE STATE OF GEORGIA, WITHIN THE MEANING OF ANY CONSTITUTIONAL PROVISION OR STATUTORY DEBT LIMITATION WHATSOEVER, NOR A PLEDGE OF THE FAITH AND CREDIT OR TAXING POWER OF ANY OF THE FOREGOING, NOR SHALL ANY OF THE FOREGOING BE SUBJECT TO ANY PECUNIARY LIABILITY HEREON. THE BORROWER HAS NO TAXING POWER. THIS BOND SHALL NOT BE PAYABLE FROM NOR A CHARGE UPON ANY FUNDS OTHER THAN THE REVENUES PLEDGED TO THE PAYMENT HEREOF AS CONTEMPLATED IN THE LOAN AGREEMENT AND SHALL BE A  LIMITED OR SPECIAL OBLIGATION OF THE BORROWER PAYABLE SOLELY FROM THE FUNDS PROVIDED THEREFOR IN THE LOAN AGREEMENT.  NO OWNER OF THIS BOND SHALL EVER HAVE THE RIGHT TO COMPEL THE EXERCISE OF THE TAXING POWER OF THE STATE OF GEORGIA, GORDON COUNTY, GEORGIA, OR ANY OTHER POLITICAL SUBDIVISION OF THE STATE OF GEORGIA TO PAY THE PRINCIPAL OF THIS BOND OR THE INTEREST OR ANY PREMIUM HEREON, OR TO ENFORCE PAYMENT HEREOF AGAINST ANY PROPERTY OF THE FOREGOING, NOR SHALL THIS BOND CONSTITUTE A CHARGE, LIEN, OR ENCUMBRANCE, LEGAL OR EQUITABLE, UPON ANY PROPERTY OF THE FOREGOING. NEITHER THE MEMBERS OF THE GOVERNING BODY OF THE BORROWER NOR ANY PERSON EXECUTING THIS BOND SHALL BE LIABLE PERSONALLY ON THIS BOND BY REASON OF THE ISSUANCE HEREOF.

In case this Bond is collected by or through an attorney-at-law, all costs of such collection incurred by the Lender, including reasonable attorney's fees actually incurred, shall be paid by the Borrower.

Time is of the essence of this Bond.  Demand, presentment, notice, notice of demand, notice for payment, protest, and notice of dishonor are hereby waived by each and every maker, guarantor, surety, and other person or entity primarily or secondarily liable on this Bond. The Lender shall not be deemed to waive any of its rights under this Bond unless such waiver be in writing and signed by the Lender. No delay or omission by the Lender in exercising any of its rights under this Bond shall operate as a waiver of such rights, and a waiver in writing on one occasion shall not be construed as a consent to or a waiver of any right or remedy on any future occasion.

This Bond shall be governed by and construed and enforced in accordance with the laws of the State of Georgia (without giving effect to its conflicts of law rules). Whenever possible, each provision of this Bond shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Bond shall be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Bond.

Words importing the singular number hereunder shall include the plural number and vice versa, and any pronoun used herein shall be deemed to cover all genders. The word "Lender" as used herein shall  include transferees, successors, and assigns of the Lender, and all rights of the Lender hereunder shall inure to the benefit of its transferees, successors, and assigns. All obligations of the Borrower hereunder shall  bind  the  Borrower's successors and assigns.

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SIGNED, SEALED, AND DELIVERED by the undersigned  Borrower as of the 28th day of December 2012.

DEVELOPMENT AUTHORITY OF GORDON COUNTY

By: /s/ Larry Roye           
Chairman

ATTEST:

/s/ Ray Towers          
Secretary

[SEAL]

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VALIDATION  CERTIFICATE

STATE OF GEORGIA COUNTY OF GORDON

The undersigned Clerk of the Superior Court of Gordon County, State of Georgia, does hereby certify that the within bond and the security therefor was validated and confirmed by judgment of the Superior Court of Gordon County, rendered on the 20th  day of December 2012, in the case of State of Georgia vs. Development Authority of Gordon County and Masland Carpets. LLC, Civil Action File No. 12CV6 l268, that no intervention or objection was filed opposing the validation of the within bond and the security therefor, and that no appeal of such judgment of validation has been taken.

IN WITNESS WHEREOF,  the undersigned  has hereunto executed this certificate by his manual signature and has impressed  hereon the official seal of the Superior Court of Gordon County.

                                                              
Clerk, Superior Court of Gordon County

[SEAL]

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ALLONGE TO AND ENDORSEMENT OF REVENUE BOND

THIS ALLONGE  TO AND  ENDORSEMENT  OF REVENUE BOND, made as of December 28th 2012, is attached to and incorporated into that certain Taxable Revenue Bond (Masland Carpets, LLC Real Estate Project), Series 2012A, dated December 28th 2012 (the "Bond"), executed by the Development Authority of Gordon County and  payable  to  the  order  of  Masland  Carpets,  LLC  (the  "Assignor"),  in  the  original  principal   amount  of $5,339,217.03.

Pay to the order of Lineage PCR, Inc. WITHOUT RECOURSE OR WARRANTY.

This    transfer, assignment, and  endorsement of the Bond is WITHOUT WARRANTY, REPRESENTATION,  OR  RECOURSE,  as  to  collectability  or  otherwise,  except  warranty  of  good  title  and warranty (1) that the Assignor has not assigned the Bond to a person other than the endorsee, (2) that the principal sum of $5,339,217.03 remains unpaid under the Bond, (3) that the Assignor holds title to the Bond flee and clear of any lien, claim, or participation interest, and (4) that the Assignor has the  right, power, and  authority  to transfer, assign, and endorse the Bond. The Bond is transferred, assigned,  and  endorsed  subject  to  no  defenses,  set-offs, claims, or counterclaims, if any, which may now or hereafter  exist.

EXECUTED as of the date set forth above.

MASLAND CARPETS, LLC

/s/ Jon A. Faulkner            
Jon A. Faulkner, President

5Exhibit 4.26 Assignment-Security Agreement

Exhibit 4.26

ASSIGNMENT AND SECURITY AGREEMENT

THIS ASSIGNMENT AND  SECURITY AGREEMENT (this "Assignment"), made
and entered into on December 28, 2012, between the Development Authority of Gordon County, a Georgia public body corporate and politic (the "Borrower"), whose address for purposes of this Assignment shall be 300 South Wall Street, Calhoun, Georgia 30701, and Masland Carpets, LLC, a Georgia limited liability company (the "Lender"), whose address for purposes of this Assignment shall be 2208 South Hamilton Street Extension, Dalton, Georgia 30721.

W I T N E S S E T H:

WHEREAS, the Lender has agreed to loan to the Borrower $5,339,217.03 to finance the costs of acquiring several carpet-dyeing buildings (the "Improvements"), located on an approximately 46.44 acre site (the "Site"), and related equipment (the "Equipment") pursuant to the terms of a Loan Agreement, dated this date (the "Loan Agreement"), between the Lender and the Borrower; and

WHEREAS, the Borrower's obligation to repay the loan made by the Lender to the Borrower pursuant to the Loan Agreement will be evidenced by the  Borrower's Taxable Revenue Bond (Masland Carpets, LLC Real Estate Project), Series 2012A (the "Series 2012A Bond"); and

WHEREAS, the Borrower purchased the Site, the Improvements, and the Equipment (collectively the "Facilities") from Masland Carpets, LLC (the "Seller"), pursuant to the terms of a Purchase and Sale Agreement, dated this date (the "Purchase Agreement"), between the Seller and the Borrower as purchaser; and

WHEREAS, pursuant to the terms of a Lease Agreement, dated as of December 1, 2012 (the "Lease"), between the Borrower, as lessor, and Masland Carpets, LLC (the "Lessee"), as lessee, the Lessee will lease the Facilities from the Borrower for rental payments sufficient in time and amount to enable the Borrower to pay principal of and interest on its Taxable Revenue Bond (Masland Carpets, LLC Real Estate Project), Series 2012B (the "Series 2012B Bond"), when the same become due and payable; and

WHEREAS, pursuant to the terms of a Loan and Security Agreement, dated this date (the "Credit Agreement"), between the Lessee, as lender, and the Borrower, as borrower, the Lessee has agreed to make advances to the Borrower sufficient in time and amount to enable the Borrower to repay the Series 2012A Bond and to pay interest on the Series 2012A Bond and all other amounts owed by the Borrower to the Lender pursuant to the Loan Agreement; and

WHEREAS, the Borrower's obligation to repay the advances made  pursuant  to  the Credit Agreement and to pay interest on such advances will be evidenced by the Series 2012B Bond; and

WHEREAS, to secure its obligation to repay the Series 2012A Bond and to pay interest on the Series 2012A Bond and all other amounts owed by the Borrower to the Lender pursuant to the Loan Agreement, the Borrower desires to assign and pledge, and grant a first priority security

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interest in, its right, title, and interest in the Credit Agreement to the Lender and desires to make and execute this instrument for that purpose;

NOW, THEREFORE, for and in consideration of the foregoing premises, the sum of Ten Dollars ($10.00) cash in hand paid, and other good and valuable consideration, all of which the Borrower acknowledges constitutes sufficient consideration and value received by the Borrower at the time of or before the Borrower's execution, sealing, and delivery hereof, the Borrower does hereby covenant and agree as follows:

1.The Borrower does hereby grant, bargain, convey, sell, transfer, assign, pledge, and set over, and grant a security interest in, unto the Lender and its successors and assigns all of the Borrower's right, title, interest, remedies, powers, options, benefits,  and  privileges  in, to, and under the Credit Agreement and all amounts due and to become due to the Borrower under and pursuant to the Credit Agreement.

2.This Assignment shall not be deemed to impose any obligations or liabilities whatsoever on the Lender or to transfer or pass or in any way affect or modify any obligations of the Borrower under the Credit Agreement, it being understood and agreed that all such obligations of the Borrower shall be and remain enforceable only against the Borrower.

3.The Borrower represents and warrants to the Lender that it has not previously assigned, transferred, pledged, or encumbered in any manner, or granted a security interest in, any of its right, title, interest, remedies, powers, options, benefits, and privileges in, to, or under the Credit Agreement. The Borrower shall defend the title to all of the foregoing against the claims and demands of all persons whomsoever claiming by, through, or under the Borrower.

4.The Lender may assign, transfer, pledge, or encumber, or grant a security interest in, the Credit Agreement and any or all rights of the Lender under this Assignment, without consent or approval of, or notice to, the Borrower.

5.The Borrower hereby authorizes and empowers the Lender, and hereby irrevocably and duly constitutes and appoints the Lender as the Borrower's attorney-in-fact, to receive any and all amounts payable under the Credit Agreement, to collect any and all such amounts by such means and taking such action as the Lender may deem necessary or desirable, to exercise any and all rights or remedies provided for under the Credit Agreement, to file such claims and take any other action or to institute any other proceedings that the Lender may deem necessary or advisable to enforce any such obligations, and to act in all other ways under and with respect to the Credit Agreement in the place and stead of the Borrower. The foregoing appointment of the Lender as the Borrower's attorney-in-fact is coupled with an interest; cannot be revoked by insolvency, reorganization, merger, consolidation, or otherwise; and shall not terminate until the Series 2012A Bond and all other amounts due under the Loan Agreement have been paid and satisfied in full.

[SIGNATURES BEGIN ON FOLLOWING PAGE]

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IN WITNESS WHEREOF, the Borrower has executed this Assignment  by  causing  its name to be hereunto subscribed by its Chairman and by causing the official seal of the Borrower to be impressed hereon and attested by its Secretary; and the Lender has executed this Assignment by causing its name to be hereunto subscribed by its duly authorized officer, all as of the date first above written.

DEVELOPMENT  AUTHORITY  OF GORDON  COUNTY

By: /s/ Larry Roye                         
Chairman

ATTEST"

/s/ Ray Towers              
Secretary
[SEAL]

[SIGNATURES CONTINUE ON FOLLOWING PAGE]

[SIGNATURE PAGE TO ASSIGNMENT AND SECURITY AGREEMENT}

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MASLAND CARPETS, LLC

By:  /s/ Jon A. Faulkner          [SEAL]
Jon A. Faulkner, President

[SIGNATURE PAGE TO ASSIGNMENT AND SECURITY AGUEEMENT}

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