EX-10.2
from 8-K
5 pages
This Instrument and the Rights and Obligations Evidenced Hereby Are Subordinate in the Manner and to the Extent Set Forth in That Certain Subordination and Intercreditor Agreement (The “Subordination Agreement”) Dated as of October 29, 2009 Between Subordinated Creditor (As Defined in the Subordination Agreement) and Bank of America, N.A. (“Agent”) to the Indebtedness (Including Interest) Owed by Protective Apparel Corporation of America, a New York Corporation (“Paca”), Point Blank Body Armor Inc., a Delaware Corporation (“Body Armor”), Life Wear Technologies, Inc., a Florida Corporation (“Life Wear”), and Point Blank Solutions, Inc., a Delaware Corporation (The “Point Blank” and Together With Paca, Body Armor and Life Wear, the “Company”) Pursuant to That Certain Amended and Restated Loan and Security Agreement Dated as of April 3, 2007 Among the Company, Agent and the Lenders From Time to Time Party Thereto, as Such Loan and Security Agreement Has Been and Hereafter May Be Amended, Supplemented or Otherwise Modified From Time to Time and to Indebtedness Refinancing the Indebtedness Under That Agreement as Contemplated by the Subordination Agreement; and Each Holder of This Instrument, by Its Acceptance Hereof, Irrevocably Agrees to Be Bound by the Provisions of the Subordination Agreement. Subordinated Note
12/34/56
