Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, on April 23, 2021, Stadco New Acquisition, LLC
("Acquisition Sub"), a wholly owned subsidiary of TechPrecision Corporation (the
"Company"), Sunflower Bank, N.A. ("Sunflower Bank"), Stadco, Stadco Acquisition,
LLC and Stadco Mexico, Inc. entered into an Amended and Restated Loan Purchase
Agreement (the "Agreement"). On June 28, 2021, the parties to the Agreement
entered into an Amendment to Amended and Restated Loan Purchase and Sale
Agreement (the "Amendment"). The Amendment extends the outside date by which the
parties thereto must consummate the transactions therein from fifteen (15) days
following the anticipated closing date of June 15, 2021 to July 30, 2021.
There is no material relationship between Acquisition Sub or the Company, on the
one hand, and Sunflower Bank, on the other hand, other than in respect of the
Agreement. The description of the Amendment is qualified in its entirety by
reference to the full text of the Amendment, a copy of which is attached hereto
as Exhibit 10.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
10.1 Amendment to Amended and Restated Loan Purchase and Sale Agreement,
dated as of June 28, 2021, between Stadco New Acquisition, LLC, Stadco,
Stadco Acquisition LLC and Stadco Mexico, Inc. and Sunflower Bank,
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