Document:

Promissory Note in favor of General Electric Capital Corporation

 Exhibit 10.1 
 PROMISSORY NOTE 
 September 19, 2008 
 FOR VALUE RECEIVED, NOBLE MANUFACTURING GROUP, INC., NOBLE METAL PROCESSING, INC., NOBLE ADVANCED TECHNOLOGIES, INC., NOBLE METAL PROCESSING-NEW YORK, INC., NOBLE METAL PROCESSING-KY, G.P., PROTOTECH LASER WELDING
INC. (d/b/a LWI LASER WELDING INTERNATIONAL), NOBLE TUBE TECHNOLOGIES, LLC, NOBLE METAL PROCESSING-WEST MICHIGAN, INC., NOBLE METAL PROCESSING-INDIANA, INC., NOBLE METAL PROCESSING-OHIO, LLC and TAILOR STEEL AMERICA LLC (individually and
collectively, “Maker”) promise, jointly and severally, to pay to the order of General Electric Capital Corporation or any subsequent holder hereof (each, a “Payee”) at its office located at 500 W. Monroe Street,
18th Floor, Chicago, IL 60661 or at such other place as Payee may designate as follows: 
 (a) the principal sum of Twelve Million Five Hundred and 00/100
Dollars ($12,500,000.00), and 
 (b) interest on the unpaid principal balance from the date hereof through and including the dates of payment, at a fixed,
simple interest rate of Nine and Eighty Nine /100 percent (9.8900%) per annum (the “Contract Rate”) payable in Forty-Eight (48) consecutive monthly principal installments each in the amount of $207,500.00 plus interest at
the Contract Rate (each, a “Periodic Installment”) and a final installment of $2,747,500.00 (which amount is equal to the final Periodic Installment and a balloon payment of $2,540,000.00) plus any outstanding principal, accrued interest
and any and all amounts due hereunder and under the other Debt Documents (as defined below). The first Periodic Installment shall be due and payable on November 1, 2008 and the following Periodic Installments and the final installment
shall be due and payable on the same day of each succeeding period (each, a “Payment Date”). All payments shall be applied: first, to interest due and unpaid hereunder and under the other Debt Documents; second, to all other amounts
due and unpaid hereunder and under the other Debt Documents, and then to principal due hereunder and under the other Debt Documents. The acceptance by Payee of any payment which is less than payment in full of all amounts due and owing at such time
shall not constitute a waiver of Payee’s right to receive payment in full at such time or at any prior or subsequent time. Interest shall be calculated on the basis of a 365-day year (or a 366-day leap year, as applicable) and will be charged
at the Contract Rate for each calendar day on which any principal is outstanding. The payment of any Periodic Installment after its due date shall result in a corresponding decrease in the portion of the Periodic Installment credited to the
remaining unpaid principal balance. The payment of any Periodic Installment prior to its due date shall result in a corresponding increase in the portion of the Periodic Installment credited to the remaining unpaid principal balance. 
 All amounts due hereunder and under the other Debt Documents are payable in the lawful currency of the United States of America. Maker hereby expressly authorizes Payee
to insert the date value is actually given in the blank space on the face hereof and on all related documents pertaining hereto. 
 This Note is secured by
that certain Master Security Agreement dated as of September 19, 2008 (the “Security Agreement”, and collectively with any other document or agreement related thereto or to this Note, the “Debt Documents”).

 Time is of the essence hereof. If Payee does not receive from Maker payment in full of any Periodic Installment or any other sum due under this Note or
any other Debt Document is not received within ten (10) days after its due date, Maker agrees to pay a late fee equal to five percent (5%) on such late Periodic Installment or other sum, but not exceeding any lawful maximum. Such late fee
will be immediately due and payable, and is in addition to any other costs, fees and expenses that Maker may owe as a result of such late payment. Additionally, if an Event of Default (as such term is defined in the Security Agreement) has occurred,
then the Payee may, at its election, declare the entire principal sum remaining unpaid, together with all accrued interest thereon and any other sum payable under this Note or any other Debt Document, immediately due and payable, without
presentment, notice or demand, all of which are hereby expressly waived by Maker (provided, however, that if such Event of Default is pursuant to Sections 7(a)(ix), (x) or (xi) of the Security Agreement, then to the extent permitted by
law, and notwithstanding the lack of any declaration by the Payee, the entire principal sum remaining unpaid, together with all accrued interest thereon and any other sum payable under this Note or any other Debt Document, shall automatically and
immediately become due and payable), with interest thereon at the lesser of fifteen percent (15%) per annum or the highest rate not prohibited by applicable law from the date of such accelerated maturity until paid (both before and after any
judgment). The application of such 15% interest rate shall not be interpreted or deemed to extend any cure period set forth in this Note or any other Debt Document, cure any default or otherwise limit Payee’s right or remedies hereunder or
under any Debt Document. 

 Maker may prepay in full, but not in part, all outstanding amounts hereunder before they are due on any scheduled Payment
Date upon at least thirty (30) days’ prior written notice to Payee. Payee is authorized and entitled to apply any amounts paid by Maker as a prepayment of indebtedness to delinquent interest or other amounts due and owing from Maker to
Payee hereunder and under any other Debt Documents before application of such funds to principal outstanding hereunder. 
 If Maker makes a prepayment of
this Note for any reason, Maker shall pay irrevocably and in full to Payee (i) all outstanding principal amounts, (ii) all accrued interest, (iii) the Make Whole Amount (as defined below), (iv) the Prepayment Fee (as defined
below) and (v) any and all other amounts due hereunder or under the other Debt Documents. Maker specifically acknowledges that, to the fullest extent allowed by applicable law, it shall be liable for the Make Whole Amount and the Prepayment Fee
on any acceleration hereof or under the other Debt Documents. In the event of an acceleration hereof or under the other Debt Documents, the Make Whole Amount and the Prepayment Fee shall be determined as if (a) Maker prepaid this Note in full
immediately before such acceleration and (b) the prepayment notice referred to above was received by Payee thirty (30) days prior to such date. 
 For purposes hereof, the term “Prepayment Fee” shall be an amount equal to an additional sum equal to the following percentage of original principal balance for prepayments occurring in the indicated period: Three percent
(3%) (for prepayments occurring prior to the first anniversary of the date hereof) Two percent (2%) (for prepayments occurring prior to the second anniversary of the date hereof) One percent (1%) (for prepayments occurring prior to
the third anniversary of the date hereof) Zero (0%) (for prepayments occurring prior to the forth anniversary of the date hereof) and Make Whole Amount (for prepayments occurring any time thereafter). For the purposes hereof, the term “Make
Whole Amount” means (i) the net present value of the remaining scheduled principal and interest payments (including any balloon or other amount of principal payable that but for the prepayment of this Note would be payable on or prior
to the scheduled maturity date hereof), discounted to the prepayment date at a per annum interest rate equal to the then Reinvestment Rate (as defined below) minus (ii) the principal balance outstanding as of the prepayment date (immediately
prior to any such prepayment); provided, that the Make Whole Amount shall be deemed zero if the calculation results in a negative number. For purposes hereof, the term “Reinvestment Rate” means the per annum interest rate that is
equal to the sum of (a) Six and Three 00/100 percent (6.3%) plus (b) an interest rate based on the interest rate for swaps (the “Swap Rate”) that most closely approximates the remaining term of this Note as published
by the Federal Reserve Board in the Federal Reserve Statistical Release H.15 entitled “Selected Interest Rates” available at http://www.federalreserve.gov/releases/h15/update/ on the day Payee receives the prepayment notice. If the
remaining term of this Note is not in full years, then the Swap Rate to be adopted from Federal Reserve Statistical Release H.15 shall correspond to a full number-of-years period, excluding partial years of such remaining term. 
 It is the intention of the parties hereto to comply with the applicable usury laws; accordingly, it is agreed that, notwithstanding any provision to the contrary in this
Note or any other Debt Document, in no event shall this Note or any other Debt Document require the payment or permit the collection of interest in excess of the maximum amount permitted by applicable law. If any such excess interest is contracted
for, charged or received under this Note or any other Debt Document, or if all of the principal balance shall be prepaid, so that under any of such circumstances the amount of interest contracted for, charged or received under this Note or any other
Debt Document on the principal balance shall exceed the maximum amount of interest permitted by applicable law, then in such event: (a) the provisions of this paragraph shall govern and control, (b) neither Maker nor any other person or
entity now or hereafter liable for the payment hereof shall be obligated to pay the amount of such interest to the extent that it is in excess of the maximum amount of interest permitted by applicable law, (c) any such excess which may have
been collected shall be either applied as a credit against the then unpaid principal balance or refunded to Maker, at the option of Payee, and (d) the effective rate of interest shall be automatically reduced to the maximum lawful contract rate
allowed under applicable law as now or hereafter construed by the courts having jurisdiction thereof. It is further agreed that without limitation of the foregoing, all calculations of the rate of interest contracted for, charged or received under
this Note or any Debt Document which are made for the purpose of determining whether such rate exceeds the maximum lawful contract rate, shall be made, to the extent permitted by applicable law, by amortizing, prorating, allocating and spreading in
equal parts during the period of the full stated term of the indebtedness evidenced hereby, all interest at any time contracted for, charged or received from Maker or otherwise by Payee in connection with such indebtedness; provided, however, that
if any applicable state law is amended or the law of the United States of America preempts any applicable state law, so that it becomes lawful for Payee to receive a greater interest per annum rate than is presently allowed, Maker agrees that, on
the effective date of such amendment or preemption, as the case may be, the lawful maximum hereunder shall be increased to the maximum interest per annum rate allowed by the amended state law or the law of the United States of America. 

 

 2 

 Maker hereby consents to any and all extensions of time, renewals, waivers or modifications of, and all substitutions or
releases of, security or of any party primarily or secondarily liable on this Note or any other Debt Document or any term and provision of either, which may be made, granted or consented to by Payee, and agrees that suit may be brought and
maintained against Maker and/or any and all sureties, endorsers, guarantors or any others who may at any time become liable for payments and performance under this Note and any other Debt Documents (each such person, other than Maker, an
“Obligor”), at the election of Payee without joinder of any other as a party thereto, and that Payee shall not be required first to foreclose, proceed against, or exhaust any security hereof in order to enforce payment of this Note.
Maker hereby waives presentment, demand for payment, notice of nonpayment, protest, notice of protest, notice of dishonor, and all other notices in connection herewith, as well as filing of suit (if permitted by law) and diligence in collecting this
Note or enforcing any of the security hereof, and agrees to pay (if permitted by law) all expenses incurred in collection, including Payee’s actual attorneys’ fees. 
 THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF CONNECTICUT. 
 MAKER IRREVOCABLY
SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF CONNECTICUT TO HEAR AND DETERMINE ANY SUIT, ACTION OR PROCEEDING AND TO SETTLE ANY DISPUTES, WHICH MAY ARISE OUT OF OR IN CONNECTION HEREWITH AND WITH THE
DEBT DOCUMENTS (COLLECTIVELY, THE “PROCEEDINGS”), AND MAKER FURTHER IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO REMOVE ANY SUCH PROCEEDINGS FROM ANY SUCH COURT (EVEN IF REMOVAL IS SOUGHT TO ANOTHER OF THE ABOVE-NAMED COURTS). MAKER
IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MIGHT NOW OR HEREAFTER HAVE TO THE ABOVE-NAMED COURTS BEING NOMINATED AS THE EXCLUSIVE FORUM TO HEAR AND DETERMINE ANY SUCH PROCEEDINGS AND AGREES NOT TO CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE
JURISDICTION OF THE ABOVE-NAMED COURTS FOR ANY REASON WHATSOEVER, THAT IT OR ITS PROPERTY IS IMMUNE FROM LEGAL PROCESS FOR ANY REASON WHATSOEVER, THAT ANY SUCH COURT IS NOT A CONVENIENT OR APPROPRIATE FORUM IN EACH CASE WHETHER ON THE GROUNDS OF
VENUE OR FORUM NON-CONVENIENS OR OTHERWISE. MAKER ACKNOWLEDGES THAT BRINGING ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY COURT OTHER THAN THE COURTS SET FORTH ABOVE WILL CAUSE IRREPARABLE HARM TO PAYEE WHICH COULD NOT ADEQUATELY BE COMPENSATED BY
MONETARY DAMAGES, AND, AS SUCH, MAKER AGREES THAT, IN ADDITION TO ANY OF THE REMEDIES TO WHICH PAYEE MAY BE ENTITLED AT LAW OR IN EQUITY, PAYEE WILL BE ENTITLED TO AN INJUNCTION OR INJUNCTIONS (WITHOUT THE POSTING OF ANY BOND AND WITHOUT PROOF OF
ACTUAL DAMAGES) TO ENJOIN THE PROSECUTION OF ANY SUCH PROCEEDINGS IN ANY OTHER COURT. Notwithstanding the foregoing, each of Maker and Payee shall have the right to apply to a court of competent jurisdiction in the United States of America or abroad
for equitable relief as is necessary to preserve, protect and enforce its respective rights under this Note and any other Debt Document, including, but not limited to orders of attachment or injunction necessary to maintain the status quo pending
litigation or to enforce judgments against Maker, any Obligor or the collateral pledged to Payee pursuant to any Debt Document or to gain possession of such collateral. MAKER HEREBY UNCONDITIONALLY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THIS NOTE, ANY DEBT DOCUMENTS, ANY DEALINGS BETWEEN MAKER AND PAYEE RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION OR ANY RELATED TRANSACTIONS, AND/OR THE RELATIONSHIP THAT IS
BEING ESTABLISHED BETWEEN MAKER AND PAYEE. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT (INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND
ALL OTHER COMMON LAW AND STATUTORY CLAIMS.) THIS WAIVER IS IRREVOCABLE MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS NOTE, ANY
DEBT DOCUMENTS, OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THIS TRANSACTION OR ANY RELATED TRANSACTION. IN THE EVENT OF LITIGATION, THIS NOTE MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 This Note and the other Debt Documents constitute the entire agreement of Maker and Payee with respect to the subject matter hereof and supersede all prior
understandings, agreements and representations, express or implied. 
 No variation or modification of this Note, or any waiver of any of its provisions or
conditions, shall be valid unless in writing and signed by an authorized representative of Maker and Payee. Any such waiver, consent, modification or change shall be effective only in the specific instance and for the specific purpose given.

  

 3 

 Payment Authorization 
 Payee
is hereby directed and authorized by Maker to advance and/or apply the proceeds of the loan as evidenced by this Note to the following parties in the stipulated amounts as set forth below: 
  

					
	 Company Name
	  	 Address
	  	 Amount

	 Comerica Bank
	  	Detroit, MI	  	$11,379,937.50
			
	 Noble International, Ltd.
	  	804 West Long Lake Rd. # 601	  	$1,120,062.50
		  	Troy, MI. 48098	  	(Less -$41,208.13) – Interim Interest
		  		  	(Less -$125,000.00) – Facility Fee
		  		  	$953,854.37
		  		  	 

  

 4 

 Any provision in this Note or any of the other Debt Documents which is in conflict with any statute, law or applicable
rule shall be deemed omitted, modified or altered to conform thereto. 
  

					
	NOBLE MANUFACTURING GROUP, INC.
	NOBLE METAL PROCESSING, INC.
	NOBLE ADVANCED TECHNOLOGIES, INC.
	NOBLE METAL PROCESSING – NEW YORK, INC.
	 PROTOTECH LASER WELDING INC.
(d/b/a LWI LASER WELDING INTERNATIONAL)

	NOBLE METAL PROCESSING – WEST MICHIGAN INC.
	NOBLE METAL PROCESSING - INDIANA, INC.
		
	By:	 	 /s/ David J. Fallon

	Name:	 	David J. Fallon
	Title:	 	Chief Financial Officer of each of the foregoing entities
	
	NOBLE METAL PROCESSING – KY, G.P.
		
	By:	 	NOBLE METAL PROCESSING, INC., a General Partner
			
		 	By:	 	 /s/ David J. Fallon

		 	Name:	 	David J. Fallon
		 	Title:	 	Chief Financial Officer
		
	By:	 	NOBLE LAND HOLDINGS, INC., a General Partner
			
		 	By:	 	 /s/ David J. Fallon

		 	Name:	 	David J. Fallon
		 	Title:	 	Chief Financial Officer
	
	NOBLE TUBE TECHNOLOGIES, LLC
		
	By:	 	NOBLE MANUFACTURING GROUP, INC., its Member
			
		 	By:	 	 /s/ David J. Fallon

		 	Name:	 	David J. Fallon
		 	Title:	 	Chief Financial Officer

  

 5 

					
	NOBLE METAL PROCESSING OHIO, LLC
		
	By:	 	NOBLE MANUFACTURING GROUP, INC., its Member
			
		 	By:	 	 /s/ David J. Fallon

		 	Name:	 	David J. Fallon
		 	Title:	 	Chief Financial Officer
	
	TAILOR STEEL AMERICA LLC
		
	By:	 	 /s/ David J. Fallon

	Name:	 	David J. Fallon
	Title:	 	Manager

  

 6Corporate Guaranty in favor of General Electric Capital Corporation

 Exhibit 10.2 
 CORPORATE GUARANTY 
 Date: September 19, 2008 
 General Electric Capital Corporation 
 500 W. Monroe Street, 18th Floor

 Chicago, IL 60661 
 To induce you to enter
into, purchase or otherwise acquire, now or at any time hereafter, any promissory notes, security agreements and/or any other documents or instruments evidencing or relating to any loan, extension of credit or other financial accommodation
(collectively “Account Documents” and each an “Account Document”) to Noble Manufacturing Group, Inc., Noble Metal Processing, Inc., Noble Advanced Technologies, Inc., Noble Metal Processing-New York, Inc., Noble
Metal Processing-KY, G.P., Prototech Laser Welding Inc. (d/b/a LWI Laser Welding International), Noble Tube Technologies, LLC, Noble Metal Processing-West Michigan, Inc., Noble Metal Processing-Indiana, Inc., Noble Metal Processing-Ohio, LLC and
Tailor Steel America LLC (individually and collectively, “Customer”), but without in any way binding you to do so, the undersigned, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
does hereby guarantee to you, your successors and assigns, the due regular and punctual payment of any sum or sums of money which the Customer may owe to you now or at any time hereafter, whether evidenced by an Account Document, on open account or
otherwise, and whether it represents principal, interest, late charges, indemnities, an original balance, an accelerated balance, liquidated damages, a balance reduced by partial payment, a deficiency after sale or other disposition of any
collateral or security, or any other type of sum of any kind whatsoever that the Customer may owe to you now or at any time hereafter, and does hereby further guarantee to you, your successors and assigns, the due, regular and punctual performance
of any other duty or obligation of any kind or character whatsoever that the Customer may owe to you now or at any time hereafter (all such payment and performance obligations being collectively referred to as “Obligations”). The
undersigned does hereby further guarantee to pay upon demand all losses, costs, attorneys’ fees and expenses which may be suffered by you by reason of Customer’s default or default of the undersigned. As used in this Guaranty,
“you” shall mean General Electric Capital Corporation and all its subsidiaries, parent entities, successors and assigns. 
 This
Guaranty is a guaranty of prompt payment and performance (and not merely a guaranty of collection). Nothing herein shall require you to first seek or exhaust any remedy against the Customer, its successors and assigns, or any other person obligated
with respect to the Obligations, or to first foreclose, exhaust or otherwise proceed against any leased equipment, collateral or security which may be given in connection with the Obligations. It is agreed that you may, upon any breach or default of
the Customer, or at any time thereafter, make demand upon the undersigned and receive payment and performance of the Obligations, with or without notice or demand for payment or performance by the Customer, its successors or assigns, or any other
person. Suit may be brought and maintained against the undersigned, at your election, without joinder of the Customer or any other person as parties thereto. The obligations of each signatory to the Guaranty, and each other guarantor of the
Obligations, shall be joint and several. 
 The undersigned agrees that its obligations under this Guaranty shall be primary, absolute,
continuing and unconditional, irrespective of and unaffected by any of the following actions or circumstances (regardless of any notice to or consent of the undersigned) and the undersigned hereby affirmatively and irrevocably waives as a defense to
the payment or performance of its obligations hereunder each and every one of the following defenses: (a) the genuineness, validity, regularity and enforceability of the Account Documents or any other document; (b) any extension, renewal,
amendment, change, waiver or other modification of the Account Documents or any other document; (c) the absence of, or delay in, any action to enforce the Account Documents, this Guaranty or any other document; (d) your failure or delay in
obtaining any other guaranty of the Obligations (including, without limitation, your failure to obtain the signature of any other guarantor hereunder); (e) the release of, extension of time for payment or performance by, or any other indulgence
granted to the Customer or any other person with respect to the Obligations by operation of law or otherwise; (f) the existence, value, condition, loss, subordination or release (with or without substitution) of, or failure to have title to or
perfect and maintain a security interest in, or the time, place and manner of any sale or other disposition of any leased equipment, collateral or security given in connection with 

 
the Obligations, or any other impairment (whether intentional or negligent, by operation of law or otherwise) of the rights of the undersigned; (g) the
Customer’s voluntary or involuntary bankruptcy, assignment for the benefit of creditors, reorganization, or similar proceedings affecting the Customer or any of its assets; (h) any merger or consolidation of Customer, any change in control
of Customer or any sale of all or substantially all of the assets of Customer; or (i) any other action or circumstances which might otherwise constitute a legal or equitable discharge or defense of an obligor, surety or guarantor. 

This Guaranty, the Account Documents and the Obligations may be assigned by you, without the consent of the undersigned. The undersigned agrees that
if it receives written notice of an assignment from you, the undersigned will pay all amounts due hereunder to such assignee or as instructed by you. The undersigned also agrees to confirm in writing receipt of the notice of assignment as may be
reasonably requested by assignee. The undersigned hereby waives and agrees not to assert against any such assignee any of the defenses set forth in the immediate preceding paragraph. 
 This Guaranty may be terminated upon delivery to you (at your address shown above) of a written termination notice from the undersigned. However, as to
all Obligations (whether matured, unmatured, absolute, contingent or otherwise) incurred by the Customer prior to your receipt of such written termination notice (and regardless of any subsequent amendment, extension or other modification which may
be made with respect to such Obligations), this Guaranty shall nevertheless continue and remain undischarged until all such Obligations are indefeasibly paid and performed in full. 
 The undersigned agrees that this Guaranty shall remain in full force and effect or be reinstated (as the case may be) if at any time payment or
performance of any of the Obligations (or any part thereof) is rescinded, reduced or must otherwise be restored or returned by you, all as though such payment or performance had not been made. If, by reason of any bankruptcy, insolvency or similar
laws affecting the rights of creditors, you shall be prohibited from exercising any of your rights or remedies against the Customer or any other person or against any property, then, as between you and the undersigned, such prohibition shall be of
no force and effect, and you shall have the right to make demand upon, and receive payment from, the undersigned of all amounts and other sums that would be due to you upon a default with respect to the Obligations. 
 Notice of acceptance of this Guaranty and of any default by the Customer or any other person is hereby waived. Presentment, protest demand, and notice of
protest, demand and dishonor of any of the Obligations, and the exercise of possessory, collection or other remedies for the Obligations, are hereby waived. The undersigned warrants that it has adequate means to obtain from the Customer on a
continuing basis financial data and other information regarding the Customer and is not relying upon you to provide any such data or other information. Without limiting the foregoing, notice of adverse change in the Customer’s financial
condition or of any other fact which might materially increase the risk of the undersigned is also waived. All settlements, compromises, accounts stated and agreed balances made in good faith between the Customer, or any of them or any of their
successors or assigns, and you shall be binding upon and shall not affect the liability of the undersigned. 
 Payment of all amounts now or
hereafter owed to the undersigned by the Customer or any of them or any other obligor for any of the Obligations is hereby subordinated in right of payment to the indefeasible payment in full to you of all Obligations and is hereby assigned to you
as a security therefor. The undersigned hereby irrevocably and unconditionally waives and relinquishes all statutory, contractual, common law, equitable and all other claims against the Customer, any other obligor for any of the Obligations, any
collateral therefor, or any other assets of the Customer or any such other obligor, for subrogation, reimbursement, exoneration, contribution, indemnification, setoff or other recourse in respect of sums paid or payable to you by the undersigned
hereunder, and the undersigned hereby further irrevocably and unconditionally waives and relinquishes any and all other benefits which it might otherwise directly or indirectly receive or be entitled to receive by reason of any amounts paid by, or
collected or due from, it, the Customer or any other obligor for any of the Obligations, or realized from any of their respective assets. 
 So long as any of the Obligations remain outstanding, the undersigned shall comply with the provisions of Section 7.12 (a copy of which is attached hereto as Exhibit No. 1) of that certain Sixth Amended and Restated Revolving
Credit and Term Loan Agreement dated as of December 11, 2006, as amended through the date hereof (including pursuant to that certain Seventh Amendment to Sixth Amended and Restated Revolving Credit and Term 

 
Loan Agreement dated as of September 18, 2008, each among the undersigned, the Lenders parties thereto from time to time, and Comerica Bank, as Agent
for the Lenders), as now in effect. The undersigned shall provide a quarterly and annual covenant compliance certificate, executed by the chief financial officer of the undersigned, certifying compliance with the financial covenants referenced in
this paragraph, and providing full information with respect to the calculation of such covenants. 
 THE UNDERSIGNED HEREBY UNCONDITIONALLY
WAIVES ITS RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THIS GUARANTY, THE OBLIGATIONS GUARANTEED HEREBY, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN US RELATING TO THE SUBJECT
MATTER HEREOF OR THEREOF, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN US. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT (INCLUDING, WITHOUT LIMITATION, CONTRACT
CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS). THIS WAIVER IS IRREVOCABLE MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS GUARANTY, THE OBLIGATIONS GUARANTEED HEREBY, OR ANY RELATED DOCUMENTS. IN THE EVENT OF LITIGATION, THIS GUARANTY MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 As used in this Guaranty, the word “person” shall include any individual, corporation, partnership, joint venture, association, joint-stock
company, trust, limited liability company, unincorporated organization, or any government or any political subdivision thereof. 
 This
Guaranty is intended by the parties as a final expression of the guaranty of the undersigned and is also intended as a complete and exclusive statement of the terms thereof. No course of dealing, course of performance or trade usage, nor any paid
evidence of any kind, shall be used to supplement or modify any of the terms hereof. Nor are there any conditions to the full effectiveness of this Guaranty. This Guaranty and each of its provisions may only be waived, modified, varied, released,
terminated or surrendered, in whole or in part, by a duly authorized written instrument signed by you. No failure by you to exercise your rights hereunder shall give rise to any estoppel against you, or excuse the undersigned from performing
hereunder. Your waiver of any right to demand performance hereunder shall not be a waiver of any subsequent or other right to demand performance hereunder. 
 This Guaranty shall be governed by, or construed in accordance with, the laws of the State of Connecticut. The rights and obligations of the undersigned pursuant to this Guaranty may not be assigned or delegated
without your prior written consent (which may be withheld in your absolute discretion). This Guaranty shall bind the undersigned’s successors and permitted assigns; and the benefits thereof shall extend to and include your successors and
assigns. 
 The undersigned will deliver to you its complete consolidated financial statements, certified by a recognized firm of certified
public accountants, within ninety (90) days of the close of each fiscal year of the undersigned. If you request, the undersigned will deliver to you copies of its quarterly financial reports certified by its chief financial officer, within
ninety (90) days after the close of each fiscal quarter of the undersigned and copies of its most current tax returns. The undersigned will deliver to you copies of all Forms 10-K and 10-Q, if any, within 30 days after the dates on which they
are filed with the Securities and Exchange Commission (the “SEC”). Notwithstanding the foregoing, the obligations of the undersigned pursuant to this paragraph shall be deemed to have been satisfied if the required financial statements and
SEC forms are made publicly available in electronic form within the time periods set forth herein. 
 In the event of default hereunder, you
may at any time inspect undersigned’s records. The undersigned represents, warrants and covenants that all financial statements delivered to you or made publicly available in connection with this Guaranty have been (and will be) prepared in
accordance with generally accepted accounting principles, and since the date of the most recent financial statements or other financial information delivered to you, there has been no material adverse change in the undersigned’s financial
condition. 

 The undersigned hereby represents and warrants to you as of the date hereof that (i) the
undersigned’s execution, delivery and performance hereof does not and will not violate any judgment, order or law applicable to the undersigned, or constitute a breach of or default under any indenture, mortgage, deed of trust, or other
agreement entered into by the undersigned with the undersigned’s creditors or any other party; (ii) no approval, consent or withholding of objections is required from any governmental authority or any other entity with respect to the
execution, delivery and performance by the undersigned of this Guaranty; (iii) this Guaranty constitutes a valid, legal and binding obligation of the undersigned, enforceable in accordance with its terms; (iv) there are no proceedings
presently pending or threatened against the undersigned which will impair its ability to perform under this Guaranty; (v) since the date of the undersigned’s most recent financial statement, there has been no material adverse change in the
financial condition of the undersigned; (vi) if the undersigned will enjoy a substantial economic benefit by virtue of the loan, extension of credit or other financial accommodation by you to the Customer pursuant to the Account Documents; and
(vii) the undersigned is and will remain in full compliance with all laws and regulations applicable to it including, without limitation, it neither is nor shall be (Y) listed on the Specially Designated Nationals and Blocked Person List
maintained by the Office of Foreign Assets Control (“OFAC”), Department of the Treasury, and/or any other similar lists maintained by OFAC pursuant to any authorizing statute, Executive Order or regulation or (Z) a person
designated under Section 1(b), (c) or (d) of Executive Order No. 13224 (September 23, 2001), any related enabling legislation or any other similar Executive Orders. 
 If any provisions of this Guaranty are in conflict with any applicable statute, rule or law, then such provisions shall be deemed null and void to the
extent that they may conflict therewith, but without invalidating any other provisions hereof. 
 THE UNDERSIGNED IRREVOCABLY SUBMITS TO THE
EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF CONNECTICUT TO HEAR AND DETERMINE ANY SUIT, ACTION OR PROCEEDING AND TO SETTLE ANY DISPUTES, WHICH MAY ARISE OUT OF OR IN CONNECTION HEREWITH AND WITH THE ACCOUNT
DOCUMENTS (COLLECTIVELY, THE “PROCEEDINGS”), AND THE UNDERSIGNED FURTHER IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO REMOVE ANY SUCH PROCEEDINGS FROM ANY SUCH COURT (EVEN IF REMOVAL IS SOUGHT TO ANOTHER OF THE ABOVE-NAMED COURTS).
THE UNDERSIGNED IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MIGHT NOW OR HEREAFTER HAVE TO THE ABOVE-NAMED COURTS BEING NOMINATED AS THE EXCLUSIVE FORUM TO HEAR AND DETERMINE ANY SUCH PROCEEDINGS AND AGREES NOT TO CLAIM THAT IT IS NOT PERSONALLY
SUBJECT TO THE JURISDICTION OF THE ABOVE-NAMED COURTS FOR ANY REASON WHATSOEVER, THAT IT OR ITS PROPERTY IS IMMUNE FROM LEGAL PROCESS FOR ANY REASON WHATSOEVER, THAT ANY SUCH COURT IS NOT A CONVENIENT OR APPROPRIATE FORUM IN EACH CASE WHETHER ON THE
GROUNDS OF VENUE OR FORUM NON-CONVENIENS OR OTHERWISE. THE UNDERSIGNED ACKNOWLEDGES THAT BRINGING ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY COURT OTHER THAN THE COURTS SET FORTH ABOVE WILL CAUSE IRREPARABLE HARM TO YOU WHICH COULD NOT ADEQUATELY BE
COMPENSATED BY MONETARY DAMAGES, AND, AS SUCH, THE UNDERSIGNED AGREES THAT, IN ADDITION TO ANY OF THE REMEDIES TO WHICH YOU MAY BE ENTITLED AT LAW OR IN EQUITY, YOU WILL BE ENTITLED TO AN INJUNCTION OR INJUNCTIONS (WITHOUT THE POSTING OF ANY BOND
AND WITHOUT PROOF OF ACTUAL DAMAGES) TO ENJOIN THE PROSECUTION OF ANY SUCH PROCEEDINGS IN ANY OTHER COURT. Notwithstanding the foregoing, you and the undersigned shall have the right to apply to a court of competent jurisdiction in the United States
of America or abroad for equitable relief as is necessary to preserve, protect and enforce its respective rights under this Guaranty and the Account Documents, including, but not limited to orders of attachment or injunction necessary to maintain
the status quo pending litigation or to enforce judgments against the undersigned, the Customer or the collateral pledged to you pursuant to any Account Document or to gain possession of such collateral. 
 Each person signing this Guaranty on behalf of the undersigned company warrants that (i) it is to the benefit of the undersigned company to execute
this Guaranty, (ii) the benefit to be received by the undersigned company from this Guaranty is reasonably worth the obligations thereby guaranteed, and (iii) he/she/it has authority to sign on behalf of such undersigned and by so signing,
to bind said company hereunder. 

 IN WITNESS WHEREOF, this Guaranty is executed the day and year above written. 
  

			
	NOBLE INTERNATIONAL, LTD.
		
	By:	 	/s/ David J. Fallon
	NAME:	 	David J. Fallon
	TITLE:	 	Chief Financial Officer
	
	Federal Tax ID: 38-3139487

  

			
	ATTEST:	 	/s/ Andrew J. Tavi
		 	Secretary/Assistant Secretary

  

 EXHIBIT NO. 1 TO CORPORATE GUARANTY 
 Excerpt of Covenants 
 7.12    (a) Consolidated Tangible Net Worth.
Maintain at all times Consolidated Tangible Net Worth of not less than Base Tangible Net Worth; and 
             (b) Consolidated EBITDA to Interest and Debt Service Coverage Ratio. Maintain as of the last day of each fiscal quarter, a Consolidated EBITDA to Interest and
Debt Service Coverage Ratio of not less than 1.10 to 1.00.

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