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FOR
VALUE RECEIVED, the undersigned, KINRO, INC., an Ohio corporation,
and LIPPERT COMPONENTS, INC., a Delaware corporation (collectively,
the “Borrowers”), hereby jointly and severally,
unconditionally promise to pay to the order of HSBC USA, National
Association (the “Lender”), at the office of JPMorgan
Chase Bank, N.A. (the “Administrative Agent”) at 1111
Fannin, Floor 10, Houston, Texas 77002 on the Maturity Date in
lawful money of the United States of America and in immediately
available funds, the principal amount of (a) FIFTEEN MILLION
DOLLARS ($15,000,000), or, if greater, (b) such principal amount as
shall have been made available by the Lender pursuant to Section
2.06A of the Credit Agreement referred to below, or, if less, (c)
the aggregate unpaid principal amount of all Revolving Loans made
by the Lender pursuant to the Credit Agreement (referred to below).
The Borrowers further agree, jointly and severally, to pay interest
on the unpaid principal amount outstanding hereunder from time to
time from the date hereof in like money at such office at the rates
and on the dates specified in the Credit Agreement.
The
holder of this Note is authorized to record on the schedule
an
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