exhibit 10. 23 line of credit contract borrower ’ s copy baden wurttembergische bank kleiner schlossplatz 11 70173 stuttgart tax no. 2899 / 014 / 09009 sales tax id no. de 147 800 343 bw | bank dear business friends, our reference : 4764 en your contact person : kai - uwe kustner phone : ( 0821 ) 9000 - 201 the baden - wurttembergische bank — hereinafter referred to as “ bank ” — offers the following line of credit in the amount of eur 5, 000, 000. 00 ( five million euro ) to the company baldwin germany holding gmbh joseph - baur - straße 2 86316 friedberg and the company baldwin germany gmbh joseph - baur - straße 2 86316 friedberg and the company oxy - dry maschinen gmbh boschring 19 63329 egelsbach as joint borrowers under joint and several liability — hereinafter referred to as “ borrower ” — the following agreements apply to the credit arrangement : 1. possible individual credit arrangements the line of credit may be utilized by the borrower / the borrowers mentioned above individually or in any combination up to the maximum amount stated above as a ) open credit up to eur 5, 000, 000. 00 on the checking account nos. 4408251, 7482102897, 4390431, 7482102969, 4390857, and # # # - # # # - # # # #. utilization for other checking accounts of the borrowers requires a prior agreement between the parties to the contract. for the utilized amounts of the agreed credit, the bank currently charges interest in euro at an apr of 7. 50 % and in usd of 8. 75 %. interest is charged quarterly on 3 / 30, 6 / 30, 9 / 30 and 12 / 30. unaffected by this agreement, the bank is entitled to establish a new interest rate based on developments on the financial markets by written notification. b ) money market creditsup to eur 5, 000, 000. 00 according to the attachment “ additional terms for money market credits ” minimum amount for each individual business : eur 250, 000. 00 the line of credit can be utilized by the client by borrowing revolving individual credits at fixed interest rates in all currencies, especially eur or usd, gbp, chf