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1 1 THIRD PARTY LENDER AGREEMENT Nish nR THIS THIRD PARTY LENDER AGREEMENT (Agreement) is dated this 19 day of March , 20 13 , by and between Heritage Bank (Third Party Lender) whose address is 1333 North Webb Road, Grand Island, NE 68803 and Nebraska Economic Development Corp. , (CDC) whose address is 4445 South 86th Street, Suite 200, Lincoln. NE 68526 RECITALS 1. As described in the "Authorization for Debenture Guarantee (SBA 504 Loan)," as amended (Authorization), and as detailed below, the Third Party Lender will provide term financing (Third Party Loan), and the CDC will provide a loan (the 504 Loan) funded by a debenture issued by the CDC and guaranteed by the U S Small Business Administration (SBA), to Borrower and Operating Company, if any, identified below (collectively, Borrower) for purposes of financing the Project described in the Authorization, which involves the acquisition and/or improvement of the real and/or personal property described below, and in Exhibit A attached hereto and incorporated herein by reference (Project Property): SBA Loan #: 53610750 -10 SBA Loan Name: Applied Controls Equipment Co. Borrower: Trausch Properties, L.L.C. and Trausch Dynamics, Inc. Operating Company (if any): Trausch Dynamics, Inc. Third Party Loan Amount: $ 473,360.00 Term of Third Party Loan: 10 years If Real Property -- Project Property Address: Street address: 3716 Westgate Road City, State, Zip code: Grand Island, NE, 68803 - Legal description: Lot Twenty Two (22), Westgate Subdivision, in the City of Grand Island, Hall County, Nebraska Personal Property as described in CDC's security agreement 2. The parties have required the Borrower to grant liens or security interests in the Project Property to secure the separate loans advanced by the parties (Common Collateral), and the lien or security interest held by CDC (CDC Lien) will be junior and subordinate to the lien or security interest held by the Third Party Lender (Third Party Lender Lien), unless CDC and SBA agree otherwise in writing. SBA Form 2287 (September 2010) 1