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_ Draft : 6/9/86 <br /> DEED OF TRUST <br /> NORTH CAROLINA: <br /> ORANGE COUNTY: <br /> THIS DEED OF TRUST, dated as of July 1, 1986 ( the "Deed of <br /> Trust" ) , from ISOTECHNOLOGIES, INC. , a North Carolina corporation <br /> ( the "Company" ) , to ( the "Trustee") for the benefit <br /> of THE ORANGE COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL <br /> FINANCING AUTHORITY, a political subdivision and body corporate <br /> and politic of the State of North Carolina ( the "Beneficiary" ) . <br /> W I T N E S S E T H: <br /> WHEREAS, the Company has entered into a Bond Purchase Agree- <br /> ment, of even date herewith ( the "Bond Purchase Agreement" ) , with <br /> the Beneficiary and NCNB National Bank of North Carolina, a <br /> national banking association with its principal office in <br /> Charlotte, North Carolina ( the "Purchaser" ) , which provides for <br /> the financing by the Beneficiary of the cost of the acquisition, <br /> construction and installation of the Project (as defined in the <br /> Loan Agreement hereinafter referred to) for the Company through <br /> (a) the issuance by the Beneficiary of its industrial revenue <br /> bond in the principal amount of $1, 500,000 ( the "Bond" ) in <br /> substantially the form of Exhibit A to the Bond Purchase <br /> Agreement, (b) the Beneficiary's making a loan of the proceeds of <br /> the Bond to the Company, evidenced by a promissory note of the <br /> Company ( the "Note" ) , pursuant to a Loan Agreement, of even date <br /> herewith (the "Loan Agreement" ) , between the Beneficiary as <br /> lender and the Company as borrower , (c) the pledge of the Note, <br /> endorsed without recourse to the order of the Purchaser , and the <br /> assignment of certain of the Beneficiary' s rights in the Loan <br /> Agreement, this Deed of Trust and the Security Agreement <br /> hereinafter referred to pursuant to an Assignment, of even date <br /> herewith (the "Assignment") , by the Beneficiary to the Purchaser, <br /> its successors and any transferees of the Bond in accordance with <br /> Section 7 of the Bond Purchase Agreement ( the "Holder" ) to secure <br /> the Bond, (d) the grant by the Company to the Beneficiary of a <br /> security interest in certain personal property and fixtures more <br /> particularly described therein pursuant to the terms of a <br /> Security Agreement, of even date herewith ( the "Security <br /> Agreement" ) , as additional security for the Note, (e) the grant <br /> of this Deed of Trust on certain real property more particularly <br /> 1 <br />