REVOLVING CREDIT NOTE

$5,000,000.00                                                    January 3, 2005
                                                           Hartford, Connecticut

            FOR VALUE RECEIVED, the undersigned, EDAC TECHNOLOGIES CORPORATION,
a Wisconsin corporation, GROS-ITE, INDUSTRIES, INC., a Connecticut corporation,
and APEX MACHINE TOOL COMPANY, INC., a Connecticut corporation (individually and
collectively referred to herein as "Borrower"), promise to pay to the order of
BANKNORTH, N.A. (hereinafter, together with its successors in interest and
assigns, called the "Lender"), at its office at 102 West Main Street, New
Britain, Connecticut 06050-0174, in lawful money of the United States of America
in immediately available funds:

                  (a) the principal amount of FIVE MILLION DOLLARS
            ($5,000,000.00), or if less, the aggregate amount of all Revolving
            Credit Loans made by Lender to Borrower, and outstanding, pursuant
            to the Credit Agreement dated as of January 3, 2005 (as amended and
            in effect from time to time, the "Credit Agreement"), among Borrower
            and Lender, on the Revolving Credit Maturity Date; and

                  (b) interest on the principal balance hereof from time to time
            outstanding from the date hereof through and including the date on
            which such principal amount is paid in full, at the times and at the
            rates provided in the Credit Agreement.

            This Note evidences borrowings of the Revolving Credit Loans under,
and has been issued by Borrower in accordance with, the terms of the Credit
Agreement. Lender and any holder hereof are entitled to the benefits of the
Credit Agreement and may enforce the agreements of Borrower contained therein,
and any holder may exercise the respective remedies provided for thereby or
otherwise available in respect thereof, all in accordance with the respective
terms thereof.

            All capitalized terms used in this Note without definition and which
are defined in the Credit Agreement shall have the same meanings herein as in
the Credit Agreement.

            Borrower has the right in certain circumstances to prepay the whole
or part of the principal of this Note on the terms and conditions specified in
the Credit Agreement.

            If any one or more Events of Default shall occur and be continuing,
the entire unpaid principal amount of this Note and all of the unpaid interest
accrued thereon may become or be declared due and payable in the manner and with
the effect provided in the Credit Agreement.



            Any check, draft or money order remitted in settlement of this Note
may be handled for collection in accordance with the practice of the collecting
bank or banks, and shall not be deemed payment until and unless good funds are
actually received by or credited to Lender.

            Borrower waives presentment, demand, notice, protest and all other
demands and notices (except for notices and demands expressly provided for in
the Loan Documents (as defined in the Credit Agreement)) in connection with the
delivery, acceptance, performance, default or enforcement of this Note, assent
to any extension or postponement of the time of payment or any other indulgence,
and the addition or release of any other party or person primarily or
secondarily liable.

      This Note shall be governed by and construed in accordance with the laws
of the State of Connecticut.

      All references to the "Lender" and the "Borrower" shall apply to their
respective heirs, successors and assigns.

      Each Borrower shall have joint and several liability with respect to the
Revolving Credit Loans.

            IN WITNESS WHEREOF, has caused this Note to be signed in its
corporate name and its corporate seal to be impressed hereon by its duly
authorized officer on the day and in the year first above written.

                                        EDAC TECHNOLOGIES CORPORATION

                                        By: /s/ Glenn L. Purple
                                            ------------------------------------
                                            Name: Glenn Purple
                                            Title: Vice President

                                        GROS-ITE, INDUSTRIES, INC.

                                        By: /s/ Glenn L. Purple
                                            ------------------------------------
                                            Name: Glenn Purple
                                            Title: Secretary

                                        APEX MACHINE TOOL COMPANY, INC.

                                        By: /s/ Glenn L. Purple
                                            ------------------------------------
                                            Name: Glenn Purple
                                            Title: Secretary