Document:

AMENDMENT
NO. 3

 

TO

 

TERM LOAN
AGREEMENT

 

This Amendment
No. 3 to that Term Loan Agreement dated July 1, 2015 as amended on November 1, 2015 and January 27, 2016 (the “Agreement”)
is entered into effective the 1st day of November, 2016, by and between Aspirity Financial, LLC (“Aspirity” or “Secured
Party”), Krieger Enterprises, LLC (“Borrower”), and Timothy S. Krieger (“Krieger” or “Pledgor”).
Capitalized terms used herein and not defined herein have the meanings ascribed to them in the Agreement.

 

WHEREAS, Lender
and Borrower are parties to that certain Term Loan Agreement, entered into as of July 1, 2015, as amended by Amendment No. 1,
dated as of November 1, 2015 and Amendment No. 2, dated as of January 27, 2016; and

 

WHEREAS, Lender
and Borrower desire to amend the Agreement, as set forth herein.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants and agreements set forth herein, the parties hereto agree as follows.

 

	 	1.	Upon
    the sale of Retail Energy Holdings, L.L.C. (“REH”), Borrower agrees to pay Aspirity 50% of the Net Cash Proceeds
    of the sale of REH. The parties currently estimate such payment will be up to approximately $2,508,000 (i.e., $1,508,000 at
    closing and up to $1,000,000 upon release of the escrow related to the REH sale). Aspirity agrees to account for such prepayments
    by Borrower on account of the sale of REH as a “prepayment of installments” rather than as a Mandatory Prepayment
    “prepayment of principal.” In addition, Borrower agrees to voluntarily make “Optional Prepayments”
    totaling $1,500,000 to Aspirity as follows: (i) not less than $500,000 at the closing of the REH sale; and (ii) the remaining
    balance upon release of funds from the REH escrow but in no event later than January 31, 2017. Any optional payment made shall
    also be treated as a “prepayment of installments.”

 

Upon
Borrower’s payment of the entire Optional Prepayment identified immediately above ($1,500,000) and the REH prepayment also
identified above, Secured Party agrees to use commercially reasonable efforts to release to Pledgor its security interest in the
Pledged Interests.

 

	 	2.	(a)
The definition of “Actual Interest Rate” is amended such that: “Actual Interest Rate” means, as
of any date, a fixed interest rate of 15.12% per annum.

 

(b)
The definition of “Default Rate” is amended such that: “Default Rate” means an interest rate equal
to (a) the Actual Interest Rate plus (b) three percent (3.00%) per annum.

 

    	 

    	 

    

 

(c)
the definition of “Net Cash Proceeds” is amended such that: “Net Cash Proceeds” means, with respect to
any Disposition, the aggregate cash payments received by Borrower from such Disposition, net of (i) direct reasonable expenses
of such Disposition, (ii) Taxes paid or payable in cash as a result of such Disposition, (iii) payments to unrelated third parties
in satisfaction of outstanding obligations in connection with the disposition (such as, for example, the repayment of the outstanding
credit line of a company being sold), and (iv) escrowed cash amounts; provided that 50% of such escrowed cash amounts less any
payments made from such escrowed cash amounts pursuant to subsections (i)-(iv) hereof (including expenses related to an escrow)
shall, to the extent later released to Borrower, be immediately paid over to Lender and applied toward the Obligations; provided,
however, that with respect to the Disposition of REH, Borrower shall be entitled to reduce the “Net Cash Proceeds”
by (a) payments in an amount reasonably acceptable to Aspirity made to employees, regardless of how such payments are characterized,
(b) payments in an amount reasonably acceptable to Aspirity made in respect of working capital and working capital adjustments,
if any, and (c) escrowed cash amounts; provided that 50% of such escrowed cash amounts less any payments made from such escrowed
cash amounts pursuant to subsections (a)-(b) hereof (including expenses related to an escrow) shall, to the extent later released
to Borrower, be immediately paid over to Lender and applied toward the Obligations.

 

(d)
The definition of “Parent” is amended such that: “Parent” means the Lender’s parent company,
Aspirity Holdings, LLC, formerly known as Twin Cities Power Holdings LLC.

 

	 	3.	The
    definitions “Actual Interest”, “Actual Redemptions”, “Expected Interest”, “Initial
    Funding Source”, “Initial Planning Amount”, “Initial Principal Amount”, “Maximum Possible
    Redemptions”, “Outstanding Funding Source”, and “Planning Interest Rate” are hereby deleted.
	 	 	 
	 	4.	Section
    2.01(b) is hereby amended to read in its entirety as follows:

 

Pre-Participation
Monthly Payments. So long as 100% of the outstanding principal amount of the Term Loan is held solely by Lender, all monthly
payments shall be made in accordance with the amortization schedule attached hereto as Schedule 1. All invoices shall be
due and payable in full on each Settlement Date; provided that if the Settlement Date is not a Business Day, payment shall be
due and payable on the first Business Day following the Settlement Date. Aspirity and Borrower agree that as additional consideration
for this Amendment, Borrower will pay $1,591,684 to Aspirity as an additional closing fee, on which amount Borrower shall pay
interest monthly at the Actual Interest Rate. Such additional closing fee shall be included in the principal amount.

 

	 	5.	Section
    2.02(a) is hereby amended to read in its entirety as follows:

 

Subject
to the provisions of subsection (b) below, the Term Loan shall bear interest on the outstanding principal amount thereof
at a minimum rate per annum equal to the Actual Interest Rate as set forth herein.

 

    	 

    	 

    

 

 

	 	6.	Section
    6.01(b) is hereby amended as follows:

 

	 	(b)	As
    soon as available, but in any event within 30 days after the end of each month, consolidated and consolidating balance sheets
    for Borrower as of the end of such month, along with the related consolidated and consolidating statements of income or operations
    for such month and the related consolidated and consolidating statements of changes in shareholders’ equity, and cash
    flows for the portion of the Borrower’s fiscal year then ended, certified by a Responsible Officer of the Borrower,
    as fairly presenting the financial condition, results of operations, shareholders’ equity, and cash flows of the Borrower
    in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. Together with such
    reports, the Borrower shall also supply a certificate certified by a Responsible Officer with respect to the absence of any
    Default during the period. 

 

	 	7.	“Section
    6.11 Minimum Liquidity” is hereby replaced with a new “Section 6.11 Financial Covenants” as follows:

 

	 	6.11	Financial
    Covenants

 

	 	(a)	Maintain,
    at all times, a minimum Liquidity Ratio of twenty percent (20.00%), defined as (a) the sum of unrestricted cash, cash and
    deposits in trading accounts, marketable securities, and accounts receivable divided by (b) total assets, all as determined
    by GAAP on consolidated basis.

 

	 	8.	Section
    7.01(i) is hereby amended to read in its entirety as follows: “(i) Liens securing Indebtedness permitted under Section
    7.01(g).”
	 	 	 
	 	9.	Section
    7.05(g) is hereby amended to delete the word “proceeds” and replace it with the phrase “Net Cash Proceeds.”
	 	 	 
	 	10.	Section
    8.01(c) is hereby amended to read in its entirety as follows:

 

	 	(a)	Other
    Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a)
    or (b) of this Section 8.01) contained in any Loan Document on its part to be performed or observed and such failure
    continues for 30 days after the earlier of (i) knowledge by any Responsible Officer of the Borrower, or (ii) receipt by the
    Borrower of written notice thereof from Lender; provided that (x) if the Borrower fails to comply with Section 6.11 at any
    measurement date specified in such Section, such failure to comply shall not be considered an Event of Default hereunder unless
    the Borrower fails to so comply within ten (10) Business Days of written notice thereof by Lender and (y) if the Borrower
    fails to comply with Section 8.01 (a) or (b), Borrower shall have five (5) Business Days to cure such failure; or

 

	 	11.	If
    requested by Aspirity, Krieger shall reasonably cooperate with Aspirity and its affiliates in obtaining surety bonds required
    by Aspirity Energy, LLC for its current geographic expansion plans. Lender currently anticipates that the principal amount
    of such surety bonds range from $1,650,000 to $2,500,000. Krieger agrees to enter into agreements of indemnity with respect
    to such surety bonds and provide, on a timely basis, information reasonably necessary to obtain such surety bonds. 
	 	 	 
	 	12.	The
    parties hereto hereby acknowledge and agree that neither Aspirity nor any affiliate of Aspirity including but not limited
    to Aspirity Holdings, LLC shall be under any obligation to lend funds to Borrower, Krieger or their affiliates. Any such request
    for funds shall be dealt with at the time of any such request based on the facts and circumstances existing at such time.
	 	 	 
	 	13.	In
    all other respects, the Agreement remains unchanged and in full force and effect.

 

    	 

    	 

    

 

IN WITNESS
WHEREOF, this Amendment No. 3 has been executed on behalf of each party by a duly authorized officer.

 

	ASPIRITY
    FINANCIAL, LLC	 	KRIEGER
    ENTERPRISES, LLC
	Lender
    & Secured Party	 	Borrower
	 	 	 	 	 
	By	/S/
    Scott C. Lutz	 	By
    	/S/
    Timothy S. Krieger
	 	 	 	 	 
	Its
    	CEO
    / President	 	Its
    	President
    / CEO
	 	 	 	 	 
	 	 	 	TIMOTHY
    S. KRIEGER
	 	 	 	 	 
	 	 	 	 	/S/
    Timothy S. Krieger

 

    	 

    	 

    

 

Schedule
1

 

	Borrower	Krieger
    Enterprises, LLC
	Lender	Aspirity
    Financial, LLC
	Annual interest
rate	15.12%
	Level payment
amount	404,620.00
	Payments per
year	12
	Interest basis
(days in month / days in year)	act
    / 360
	Number of decimal
places to round to	2
	First payment
    date	11/01/16
	Maturity date	12/30/19

 

	Payment Number	 	Due Date	 	Interest	 	 	Principal	 	 	Total
 Payment	 	 	Principal
 Balance	 
	0	 	10/01/16	 	 	-	 	 	 	-	 	 	 	-	 	 	 	18,237,829.00	 
	1	 	11/01/16	 	 	237,456.53	 	 	 	167,163.47	 	 	 	404,620.00	 	 	 	18,070,665.53	 
	2	 	12/01/16	 	 	227,690.39	 	 	 	176,929.61	 	 	 	404,620.00	 	 	 	17,893,735.92	 
	3	 	01/01/17	 	 	232,976.44	 	 	 	171,643.56	 	 	 	404,620.00	 	 	 	17,722,092.36	 
	4	 	02/01/17	 	 	230,741.64	 	 	 	173,878.36	 	 	 	404,620.00	 	 	 	17,548,214.00	 
	5	 	03/01/17	 	 	206,367.00	 	 	 	198,253.00	 	 	 	404,620.00	 	 	 	17,349,961.00	 
	6	 	04/01/17	 	 	225,896.49	 	 	 	178,723.51	 	 	 	404,620.00	 	 	 	17,171,237.49	 
	7	 	05/01/17	 	 	216,357.59	 	 	 	188,262.41	 	 	 	404,620.00	 	 	 	16,982,975.08	 
	8	 	06/01/17	 	 	221,118.34	 	 	 	183,501.66	 	 	 	404,620.00	 	 	 	16,799,473.42	 
	9	 	07/01/17	 	 	211,673.37	 	 	 	192,946.63	 	 	 	404,620.00	 	 	 	16,606,526.79	 
	10	 	08/01/17	 	 	216,216.98	 	 	 	188,403.02	 	 	 	404,620.00	 	 	 	16,418,123.77	 
	11	 	09/01/17	 	 	213,763.97	 	 	 	190,856.03	 	 	 	404,620.00	 	 	 	16,227,267.74	 
	12	 	10/01/17	 	 	204,463.57	 	 	 	200,156.43	 	 	 	404,620.00	 	 	 	16,027,111.31	 
	13	 	11/01/17	 	 	208,672.99	 	 	 	195,947.01	 	 	 	404,620.00	 	 	 	15,831,164.30	 
	14	 	12/01/17	 	 	199,472.67	 	 	 	205,147.33	 	 	 	404,620.00	 	 	 	15,626,016.97	 
	15	 	01/01/18	 	 	203,450.74	 	 	 	201,169.26	 	 	 	404,620.00	 	 	 	15,424,847.71	 
	16	 	02/01/18	 	 	200,831.52	 	 	 	203,788.48	 	 	 	404,620.00	 	 	 	15,221,059.23	 
	17	 	03/01/18	 	 	178,999.66	 	 	 	225,620.34	 	 	 	404,620.00	 	 	 	14,995,438.89	 
	18	 	04/01/18	 	 	195,240.61	 	 	 	209,379.39	 	 	 	404,620.00	 	 	 	14,786,059.50	 
	19	 	05/01/18	 	 	186,304.35	 	 	 	218,315.65	 	 	 	404,620.00	 	 	 	14,567,743.85	 
	20	 	06/01/18	 	 	189,672.02	 	 	 	214,947.98	 	 	 	404,620.00	 	 	 	14,352,795.87	 
	21	 	07/01/18	 	 	180,845.23	 	 	 	223,774.77	 	 	 	404,620.00	 	 	 	14,129,021.10	 
	22	 	08/01/18	 	 	183,959.85	 	 	 	220,660.15	 	 	 	404,620.00	 	 	 	13,908,360.95	 
	23	 	09/01/18	 	 	181,086.86	 	 	 	223,533.14	 	 	 	404,620.00	 	 	 	13,684,827.81	 
	24	 	10/01/18	 	 	172,428.83	 	 	 	232,191.17	 	 	 	404,620.00	 	 	 	13,452,636.64	 
	25	 	11/01/18	 	 	175,153.33	 	 	 	229,466.67	 	 	 	404,620.00	 	 	 	13,223,169.97	 
	26	 	12/01/18	 	 	166,611.94	 	 	 	238,008.06	 	 	 	404,620.00	 	 	 	12,985,161.91	 
	27	 	01/01/19	 	 	169,066.81	 	 	 	235,553.19	 	 	 	404,620.00	 	 	 	12,749,608.72	 
	28	 	02/01/19	 	 	165,999.91	 	 	 	238,620.09	 	 	 	404,620.00	 	 	 	12,510,988.63	 
	29	 	03/01/19	 	 	147,129.23	 	 	 	257,490.77	 	 	 	404,620.00	 	 	 	12,253,497.86	 
	30	 	04/01/19	 	 	159,540.54	 	 	 	245,079.46	 	 	 	404,620.00	 	 	 	12,008,418.40	 
	31	 	05/01/19	 	 	151,306.07	 	 	 	253,313.93	 	 	 	404,620.00	 	 	 	11,755,104.47	 
	32	 	06/01/19	 	 	153,051.46	 	 	 	251,568.54	 	 	 	404,620.00	 	 	 	11,503,535.93	 
	33	 	07/01/19	 	 	144,944.55	 	 	 	259,675.45	 	 	 	404,620.00	 	 	 	11,243,860.48	 
	34	 	08/01/19	 	 	146,395.06	 	 	 	258,224.94	 	 	 	404,620.00	 	 	 	10,985,635.54	 
	35	 	09/01/19	 	 	143,032.97	 	 	 	261,587.03	 	 	 	404,620.00	 	 	 	10,724,048.51	 
	36	 	10/01/19	 	 	135,123.01	 	 	 	269,496.99	 	 	 	404,620.00	 	 	 	10,454,551.52	 
	37	 	11/01/19	 	 	136,118.26	 	 	 	268,501.74	 	 	 	404,620.00	 	 	 	10,186,049.78	 
	38	 	12/01/19	 	 	128,344.23	 	 	 	276,275.77	 	 	 	404,620.00	 	 	 	9,909,774.01	 
	39	 	12/30/19	 	 	120,701.05	 	 	 	9,909,774.01	 	 	 	10,030,475.06	 	 	 	-	 
	Total.	 	 	7,168,206.06	 	 	 	18,237,829.00	 	 	 	25,406,035.06	 	 	 	—EX-10.1

 Exhibit 10.1 

INCREMENTAL AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 

This INCREMENTAL AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is entered into as of October 31, 2016
among NN, Inc., a Delaware corporation (the “Borrower”), the Guarantors, the 2016 Revolving Credit Increase Lender (as defined below), the L/C Issuers, the Swing Line Lender and SunTrust Bank, as the administrative agent (the
“Administrative Agent”). 
 RECITALS: 

A.    The Borrower, the Administrative Agent and the Lenders from time to time party thereto are parties to the Amended
and Restated Credit Agreement, dated as of September 30, 2016 (as the same may from time to time be amended, restated, supplemented or otherwise modified, the “Credit Agreement”). 

B.    In accordance with Section 2.14(a) of the Credit Agreement, the Borrower notified the Administrative Agent of
its request for an Incremental Increase, and pursuant to Section 2.14 of the Credit Agreement, the Borrower hereby requests that HomeTrust Bank (the “2016 Revolving Credit Increase Lender”) provide a Revolving Credit Increase
(the “2016 Revolving Credit Increase”) in the principal amount of $10,000,000 (the “2016 Revolving Credit Increase Commitment”) to the Borrower on the 2016 Revolving Credit Increase Effective Date (as defined
below). 
 C.    The 2016 Revolving Credit Increase Lender is willing to provide the 2016 Revolving Credit Increase to
the Borrower on the 2016 Revolving Credit Increase Effective Date on the terms set forth in Section 2 herein and in the Credit Agreement and subject to the conditions set forth herein. 

AGREEMENT: 
 In
consideration of the premises and mutual covenants herein and for other valuable consideration, the parties hereto agree as follows: 

Section 1. Definitions. Unless otherwise defined herein, each capitalized term used in this Amendment and not defined herein
shall be defined in accordance with the Credit Agreement. 
 Section 2. Revolving Credit Increase Commitments.

2.1    2016 Revolving Credit Increase. The 2016 Revolving Credit Increase Lender hereby establishes, on the
terms set forth herein and in the Credit Agreement and subject to the conditions set forth herein, the 2016 Revolving Credit Increase Commitment in favor of the Borrower on the 2016 Revolving Credit Increase Effective Date. 

2.2    Terms and Agreements. The terms and provisions of the 2016 Revolving Credit Increase and any Revolving
Credit Loans incurred, and Letters of Credit issued, thereunder shall be identical to those of the original Revolving Credit Commitments and the Revolving Credit Loans incurred, and Letters of Credit issued, under the Credit Agreement. 

2.3    Additional Agreements. The 2016 Revolving Credit Increase shall constitute a “Revolving Credit
Commitment” for all purposes under the Credit Agreement and the other Loan Documents, shall be added to and become part of the Revolving Credit Facility and shall (and all Revolving Credit Loans incurred under the 2016 Revolving Credit Increase
Commitment shall) (x) be Loans and Obligations under the Credit Agreement and the other applicable Loan Documents, and (y) rank pari passu in right of payment and be secured by the relevant Collateral Documents, and guaranteed under the
Guaranty, on a pari passu basis with all other Obligations. 

 Section 3. Conditions Precedent. The effectiveness of this Amendment and the
obligations of the 2016 Revolving Credit Increase Lender to establish the 2016 Revolving Credit Increase Commitment, as specified in Section 2 hereof, shall be subject to the satisfaction or waiver of the following conditions precedent (the date on
which such conditions precedent are so satisfied or waived, the “2016 Revolving Credit Increase Effective Date”): 

3.1    Amendment Executed. This Amendment shall have been executed by the Borrower, each Guarantor, the
Administrative Agent, the L/C Issuers, the Swing Line Lender and the 2016 Revolving Credit Increase Lender, and counterparts hereof as so executed shall have been delivered to the Administrative Agent. 

3.2    Notes. The Borrower shall have executed and delivered to the Administrative Agent the appropriate Note or
Notes for the account of the 2016 Revolving Credit Increase Lender, if it shall have requested the same. 

3.3    Corporate Resolutions and Approvals. (i) The Administrative Agent shall have received certified copies
of the resolutions of the Board of Directors (or similar governing body) of the Borrower approving this Amendment, and of all documents evidencing other necessary corporate or other organizational action, as the case may be, and governmental
approvals, if any, with respect to the execution, delivery and performance by such Loan Party of this Amendment, all of which documents to be in form and substance satisfactory to the Administrative Agent, and (ii) secretary’s certificates
reasonably acceptable to the Administrative Agent (including evidence of authority and incumbency). 

3.4    Corporate Charter and Good Standing Certificates. The Administrative Agent shall have
received: (i) a certified copy of the Certificate or Articles of Incorporation or equivalent formation document of the Borrower and any and all material amendments and restatements thereof, certified as of a recent date by the relevant
Secretary of State of organization or formation; and (ii) a copy of a good standing certificate, certificate of existence or other evidence of existence or formation in the jurisdiction of organization from the Secretary of State of the state of
organization or qualification, as applicable, dated as of a recent date, from the Borrower listing all charter documents affecting the Borrower and certifying as to the good standing of the Borrower. 

3.5    Officer’s Certificate. The Administrative Agent shall have received a certificate from the
Borrower, dated as of the 2016 Revolving Credit Increase Effective Date, certifying that (i) both before and immediately after giving effect to such Incremental Increase, no Default or Event of Default exists and is continuing, (ii) immediately
after giving effect to the 2016 Revolving Credit Increase, as of the 2016 Revolving Credit Increase Effective Date, the Consolidated Net Leverage Ratio is not greater than that permitted under Section 7.14 of the Credit Agreement (whether or
not being in compliance with such ratio is required to be tested on the 2016 Revolving Credit Increase Effective Date), (after giving effect to the establishment of the 2016 Revolving Credit Increase Commitment and assuming the drawing in full
thereof, but disregarding any cash constituting proceeds of the 2016 Revolving Credit Increase), (iii) the representations and warranties of the Borrower and each other Loan Party contained in Article V of the Credit Agreement or any other Loan
Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, are true and correct in all material respects (or, with respect to representations and warranties containing a materiality or
Material Adverse Effect qualification, in all respects) on and as of the 2016 Revolving Credit Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true
and correct in all material respects (or, with respect to representations and warranties containing a materiality or Material Adverse Effect qualification, in all respects) as of such earlier date and (iv) all other applicable conditions to the
incurrence of the 2016 Revolving Credit Increase on the 2016 Revolving Credit Increase Effective Date have been satisfied. 

  
 -2- 

 3.6    Opinions. The Administrative Agent shall have received such
opinions of counsel as it may reasonably request from counsel to the Borrower, each of which shall be addressed to the Administrative Agent and the Lenders (including the 2016 Revolving Credit Increase Lender) and dated the 2016 Revolving Credit
Increase Effective Date and shall be in form and substance reasonably satisfactory to the Administrative Agent. 

3.7    Fees. The Administrative Agent shall have been reimbursed for all reasonable out-of-pocket expenses
(including reasonable fees and disbursements of counsel to the Administrative Agent) in connection with the preparation, negotiation and effectiveness of this Amendment and any other amounts due and payable by the Loan Parties under the Credit
Agreement on or prior to the 2016 Revolving Credit Increase Effective Date. 
 3.8    Patriot Act. The
Administrative Agent shall have received, at least three Business Days prior to the 2016 Revolving Credit Increase Effective Date, all documentation and other information required by regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including the USA Patriot Act, in each case, requested by the Administrative Agent or the 2016 Revolving Credit Increase Lender at least five Business Days prior to the 2016 Revolving
Credit Increase Effective Date. 
 3.9    Other Matters. The Borrower and each Guarantor shall have provided
such other items and shall have satisfied such other conditions as may be reasonably required by the Administrative Agent. 
 Section
4. Miscellaneous. 
 4.1    Representations and Warranties. The Borrower and each Guarantor, by
signing below, hereby represents and warrants to the Administrative Agent and the Lenders (including the 2016 Revolving Credit Increase Lender) that: 

(i)      it has the legal power and authority to execute and deliver this Amendment; 

(ii)     the officer executing this Amendment on its behalf has been duly authorized to execute and
deliver the same and bind it with respect to the provisions hereof; 
 (iii)    the execution and
delivery hereof by it and the performance and observance by it of the provisions hereof do not conflict with, result in a breach in any of the provisions of, constitute a default under, or result in the creation of a Lien (other than Liens permitted
under Section 7.01 of the Credit Agreement) upon any assets or property of any Loan Party under the provisions of, (a) such Loan Party’s Organization Documents, (b) the New Notes Documents, (c) any material agreement to which any Loan
Party is a party, (d) any order, injunction, writ or decree of any Governmental Authority or (e) any Law, except with respect to any conflict, breach, default or violation referred to in clauses (d) and (e) above, solely to the extent that such
conflicts, breaches, defaults or violations, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; 

(iv)    no Default or Event of Default exists under the Credit Agreement, nor will any occur immediately
after the execution and delivery of this Amendment or by the performance or observance of any provision hereof; 

  
 -3- 

 (v)      this Amendment constitutes its valid and
binding obligation in every respect, enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws of general application affecting the enforcement of creditors’
rights or by general principles of equity limiting the availability of equitable remedies; and 

(vi)    each of the representations and warranties set forth in Article V of the Credit Agreement
and in the other Loan Documents is true and correct in all material respects (or, with respect to representations and warranties containing a materiality or Material Adverse Effect qualification, in all respects) as of the date hereof, except to the
extent that any thereof expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of the date when made. 

4.2    Credit Agreement Unaffected. Each reference to the Credit Agreement or in any other Loan Document shall
hereafter be construed as a reference to the Credit Agreement as amended hereby. Except as herein otherwise specifically provided, all provisions of the Credit Agreement shall remain in full force and effect and be unaffected hereby. This
Amendment is a Loan Document. 
 4.3    Guarantor Acknowledgment. Each Guarantor, by signing this Amendment:

 (i)      consents and agrees to and acknowledges the terms of this Amendment; 

(ii)     acknowledges and agrees that all of the Loan Documents to which such Guarantor is a party or
otherwise bound shall continue in full force and effect and that all of such Guarantor’s obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment; and 

(iii)    acknowledges and agrees that (A) notwithstanding the conditions to effectiveness set forth in
this Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to which such Guarantor is a party to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and
(B) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments or modifications to the Credit Agreement. 

4.4    Waiver. The Borrower and each Guarantor, by signing below, hereby waive and release the Administrative
Agent and each of the Lenders (including the 2016 Revolving Credit Increase Lender) and their respective Related Parties from any and all claims, offsets, defenses and counterclaims against the Administrative Agent and each of the Lenders (including
the 2016 Revolving Credit Increase Lender) of which the Borrower or any Guarantor is aware, such waiver and release being with full knowledge and understanding of the circumstances and effect thereof and after having consulted legal counsel with
respect thereto. 
 4.5    Entire Agreement. This Agreement, together with the Credit Agreement and the
other Loan Documents integrate all the terms and conditions mentioned herein or incidental hereto and supersede all oral representations and negotiations and prior writings with respect to the subject matter hereof. 

4.6    Counterparts This Amendment may be executed in any number of counterparts, by different parties hereto
in separate counterparts and by facsimile signature or other electronic imaging means (e.g. “pdf” or “tif”), each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall
constitute but one and the same agreement. 

  
 -4- 

 4.7    Governing Law. THIS AMENDMENT AND ANY CLAIMS, CONTROVERSY,
DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK.
 4.8    JURY TRIAL WAIVER. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT,
TORT OR ANY OTHER THEORY). 
 Section 5.    Joinder of Additional Lender.

5.1    The 2016 Revolving Credit Increase Lender hereby (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender and a Revolving Credit Lender under the Credit Agreement, (ii) it meets all
requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement) and the requirement contained in Section 10.06(b)(iii) of the Credit Agreement, (iii)
from and after the 2016 Revolving Credit Increase Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender and a Revolving Credit Lender thereunder and, to the extent of its 2016 Revolving Credit Increase, shall have
the obligations of a Lender and a Revolving Credit Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 6.01 thereof and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment and to establish the 2016 Incremental Revolving Credit Increase Commitment on the basis of which it has made such
analysis and decision independently and without reliance on the Administrative Agent or any Lender, and (v) if it is not a United States Person (as defined in Section 7701(a)(30) of the Code), it has delivered to the Administrative Agent and to the
Borrower any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent or any
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms
all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender and a Revolving Credit Lender. 

5.2    The Borrower hereby consents to the 2016 Revolving Credit Increase Lender becoming a Lender and a Revolving Credit
Lender under the Credit Agreement and agrees that the 2016 Revolving Credit Increase Lender shall constitute an Eligible Assignee. 

5.3    The Administrative Agent, the L/C Issuers and the Swing Line Lender hereby consent to the 2016 Revolving Credit
Increase Lender becoming a Revolving Credit Lender under the Credit Agreement and effective upon the effectiveness hereof, the 2016 Revolving Credit Increase Lender shall be a Revolving Credit Lender under the Credit Agreement. 

[Signature pages follow.] 

  
 -5- 

 IN WITNESS WHEREOF, this Amendment has been duly executed and delivered as of the date first
above written. 
  

			
	NN, INC., as the Borrower
		
	By:	 	 /s/ J. Robert Atkinson

 
			
	Name: J. Robert Atkinson

 
			
	Title:   Vice President

 [Signature Page to Incremental Amendment to Amended and Restated Credit Agreement] 

 
			
	SUNTRUST BANK, as the Administrative Agent and as an L/C Issuer

 
			
		
	By:	 	 /s/ Chris Hursey

 
			
	 Name:  Chris Hursey

	 Title:    Director

 [Signature Page to Incremental Amendment to Amended and Restated Credit Agreement] 

 
			
	REGIONS BANK, as Swing Line Lender and an L/C Issuer

 
			
		
	By:	 	 /s/ Stuart A. Hall

 
			
	 Name:  Stuart A. Hall

	 Title:    Senior Vice President

 [Signature Page to Incremental Amendment to Amended and Restated Credit Agreement] 

 
			
	KEYBANK NATIONAL ASSOCIATION, as an L/C Issuer

 
			
		
	By:	 	 /s/ Ari Deutchman

 
			
	 Name:  Ari Deutchman

	 Title:    Senior Vice President

 [Signature Page to Incremental Amendment to Amended and Restated Credit Agreement] 

 
			
	HOMETRUST BANK, as the 2016 Revolving Credit Increase Lender

 
			
		
	By:	 	 /s/ Corey Webb

 
			
	 Name:  Corey Webb

	 Title:    Senior Vice President

 [Signature Page to Incremental Amendment to Amended and Restated Credit Agreement] 

							
	 Each of the undersigned acknowledge the terms of and consent to the foregoing:

 
	 		 	
		 	 ADVANCED PRECISION PRODUCTS, INC.

AUTOCAM CORPORATION
 AUTOCAM-PAX, INC.

BOSTON ENDO-SURGICAL TECHNOLOGIES LLC
 BRAININ-ADVANCE
INDUSTRIES LLC
 CAPROCK ENCLOSURES, LLC
 CAPROCK
MANUFACTURING, INC.
 CONNECTICUT PLASTICS LLC

GENERAL METAL FINISHING LLC
 HOLMED, LLC

HOWESTEMCO, LLC
 INDUSTRIAL MOLDING CORPORATION

LACEY MANUFACTURING COMPANY, LLC
 MATRIX I LLC

NN PRECISION PLASTICS, INC.
 PMC ACQUISITION COMPANY,
INC.
 PMC USA ACQUISITION COMPANY, INC.
 PNC
ACQUISITION COMPANY, INC.
 PRECISION ENGINEERED PRODUCTS HOLDINGS, INC.

PRECISION ENGINEERED PRODUCTS LLC
 POLYMETALLURGICAL
LLC
 PREMCO, INC.
 PROFILES INCORPORATED

TRIGON INTERNATIONAL LLC
 WAUCONDA TOOL &
ENGINEERING LLC
 WHIRLAWAY CORPORATION

			
		 	By:   /s/ J. Robert Atkinson                        	 	
		 	 Name:   J. Robert Atkinson
	 	
		 	 Title:    Vice President
	 	

 [Signature Page to Incremental Amendment to Amended and Restated Credit Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}]]