Item 1.01 Entry into a Material Definitive Agreement

As previously disclosed, on August 25, 2021, Ranor, Inc. ("Ranor"), a wholly owned subsidiary of TechPrecision Corporation (the "Company"), along with certain affiliates of the Company, entered into that certain Amended and Restated Loan Agreement (the "Amended and Restated Loan Agreement") with Berkshire Bank under which, among other things, Berkshire Bank continued a term loan made to Ranor in the original principal amount of $2,850,000 (the "Ranor Term Loan"). Under the Amended and Restated Loan Agreement and related loan documents, the Ranor Term Loan had a maturity date of December 20, 2021. On December 17, 2021, Ranor and certain affiliates of the Company entered into a First Amendment to Amended and Restated Loan Agreement and First Amendment to Promissory Note to extend the maturity date of the Ranor Term Loan to March 18, 2022. On March 18, 2022, Ranor and certain affiliates of the Company entered into a Second Amendment to Amended and Restated Loan Agreement and Second Amendment to Promissory Note (the "Amendment") to further extend the maturity date of the Ranor Term Loan to June 16, 2022.

Other than in respect of the Amended and Restated Loan Agreement, the promissory notes made thereunder, the related security and guaranty documents and the previously disclosed past borrowing relationship, there is no material relationship between Ranor, the Company and the other affiliates of the Company party thereto, on the one hand, and Berkshire Bank, on the other hand. 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



   (d)    Exhibits






Exhibit
Number     Description
  10.1       Second Amendment to Amended and Restated Loan Agreement and Second
           Amendment to Promissory Note, dated as of March 18, 2022, by and among
           Ranor, Inc., Stadco New Acquisition, LLC, Stadco, Westminster Credit
           Holdings, LLC and Berkshire Bank.
104        Cover Page Interactive Data File (the cover page XBRL tags are embedded
           within the inline XBRL document).

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