<SEC-DOCUMENT>0000891092-13-002762.txt : 20130328
<SEC-HEADER>0000891092-13-002762.hdr.sgml : 20130328
<ACCEPTANCE-DATETIME>20130328132041
ACCESSION NUMBER:		0000891092-13-002762
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130326
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130328
DATE AS OF CHANGE:		20130328

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALBANY INTERNATIONAL CORP /DE/
		CENTRAL INDEX KEY:			0000819793
		STANDARD INDUSTRIAL CLASSIFICATION:	BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221]
		IRS NUMBER:				140462060
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0218

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10026
		FILM NUMBER:		13722861

	BUSINESS ADDRESS:	
		STREET 1:		1373 BROADWAY
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12204
		BUSINESS PHONE:		5184452200

	MAIL ADDRESS:	
		STREET 1:		1373 BROADWAY
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12204

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALBINT INC
		DATE OF NAME CHANGE:	19870924
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e52803_8k.htm
<DESCRIPTION>CURRENT REPORT
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P></TD></TR>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P></TD></TR>
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    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">CURRENT REPORT</FONT></TD></TR>
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    <TD COLSPAN="5">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of the Securities
        Exchange Act of 1934</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: -0.25in; padding-left: 2.2pt"><FONT STYLE="color: black">Date of Report (Date of earliest event reported)</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt"><FONT STYLE="color: black">March 26, 2013</FONT></TD></TR>
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    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ALBANY INTERNATIONAL CORP.</B></P></TD></TR>
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    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
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    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">Delaware</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">1-10026&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">14-0462060</FONT></TD></TR>
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    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3.3pt; text-align: center">(State or
other jurisdiction<BR>
of incorporation)</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3.3pt; text-align: center">(Commission<BR>
File
Number)</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 3.3pt; text-align: center">(I.R.S. Employer<BR>
Identification
No.)</P></TD></TR>
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    <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3.3pt; text-align: center"><FONT STYLE="color: black">216 Airport Drive, Rochester, NH</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3.3pt; text-align: center"><FONT STYLE="color: black">03867</FONT></TD></TR>
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    <TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">(Address of principal executive offices)</FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Zip Code)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&nbsp;</P></TD></TR>
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    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt"><FONT STYLE="color: black">Registrant&rsquo;s telephone number, including area code&nbsp;&nbsp;&nbsp; (518) 445-2200</FONT></TD></TR>
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    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-left: 2.2pt">&nbsp;</TD></TR>
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    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 2.2pt; padding-bottom: 3.3pt; padding-left: 2.2pt; text-align: center"><FONT STYLE="color: black">(Former name or former address, if changed since last report.)</FONT></TD></TR>
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    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.2pt; padding-left: 2.2pt"><FONT STYLE="color: black">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 3.3pt; padding-left: 16.5pt; text-indent: -13.2pt"><FONT STYLE="color: black">&uml;&nbsp; &nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.1pt; padding-left: 1.1pt"><FONT STYLE="color: black">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 3.3pt; padding-left: 16.5pt; text-indent: -13.2pt"><FONT STYLE="color: black">&uml;&nbsp; &nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.1pt; padding-left: 1.1pt"><FONT STYLE="color: black">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 3.3pt; padding-left: 16.5pt; text-indent: -13.2pt"><FONT STYLE="color: black">&uml;&nbsp; &nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.1pt; padding-left: 1.1pt"><FONT STYLE="color: black">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 3.3pt; padding-left: 16.5pt; text-indent: -13.2pt"><FONT STYLE="color: black">&uml;&nbsp; &nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.1pt; padding-left: 1.1pt"><FONT STYLE="color: black">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))</FONT></TD></TR>
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    <TD STYLE="width: 7%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 37%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 22%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 29%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.1pt 0 3.3pt; text-indent: 0.5in"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12.1pt; text-align: center; margin-bottom: 0">2</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0"><B>Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0"><B>Item 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0">On March 26, 2013, Albany International Corp. (&quot;the
Registrant&quot;), and certain subsidiaries, executed the Second Amendment (the &ldquo;Amendment&rdquo;) to the Amended and Restated
Note Agreement and Guaranty, dated as of July 16, 2010 (as further amended, supplemented or otherwise modified from time to time,
the &ldquo;Note Agreement&rdquo;), among the Registrant, the Guarantors named therein, and the holders of Notes from time to time
party thereto. The effect of the Second Amendment is to substantially conform the financial and other covenants to those set forth
in the Registrant&rsquo;s new $330 Million Five-Year Revolving Credit Facility Agreement, also entered into on March 26.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0">A copy of the Second Amendment is furnished as an Exhibit
to this report. A copy of the Amended and Restated Note Agreement was previously filed as an exhibit to the Registrant's Current
Report on Form 8-K filed September 23, 2010. A copy of the First Amendment to the Amended and Restated Note Agreement was previously
filed as exhibit to the Registrant&rsquo;s Current Report on Form 8-K filed February 22, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0">(d) Exhibits. The following exhibits are being furnished
herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0">10(k) (xii) Second Amendment, dated as of March 26, 2013.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12.1pt; text-align: center; margin-bottom: 0">3</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0; text-align: center"><B>Signature</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

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    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black"><B>ALBANY INTERNATIONAL CORP.</B></FONT></TD></TR>
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>By: &nbsp;/s/ John B. Cozzolino</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Name: John B. Cozzolino</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Title: Chief Financial Officer and Treasurer</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 122.1pt; text-indent: 122.1pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">&nbsp;Date: March 28, 2013</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12.1pt; text-align: center; margin-bottom: 0">4</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12.1pt 0 0; text-align: center"><B>Index to Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 80%">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">&nbsp;&nbsp;<U>Exhibit No.</U></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black"><U>Description</U></FONT></TD></TR>
<TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">&nbsp;&nbsp;10(k)(xii)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: black">Second Amendment, dated as of March 26, 2013</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.(K)(XII)
<SEQUENCE>2
<FILENAME>e52803ex10kxii.htm
<DESCRIPTION>SECOND AMENDMENT
<TEXT>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><FONT STYLE="color: black">Exhibit 10(k)(xii)</FONT><B><U>
</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><B><U>EXECUTION COPY</U></B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-transform: uppercase; text-align: center">SECOND
AMENDMENT to AMENDED AND RESTATED Note Agreement AND GUARANTY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECOND AMENDMENT
TO AMENDED AND RESTATED NOTE AGREEMENT AND GUARANTY, dated as of March 26, 2013 (this &ldquo;<B><I>Amendment</I></B>&rdquo;), among
ALBANY INTERNATIONAL CORP., a Delaware corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), the Guarantors (as defined in the
Note Agreement referred to below), and the holders of Notes (as defined in the Note Agreement referred to below) from time to time
party thereto (each individually, a &ldquo;<B><I>Noteholder</I></B>&rdquo;, and collectively, the &ldquo;<B><I>Noteholders</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in">W I T N E S S E T
H:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
and Guarantors party thereto (each an &ldquo;<B><I>Obligor</I></B>&rdquo;, and collectively, the &ldquo;<B><I>Obligors</I></B>&rdquo;)
and the Noteholders are parties to that certain Amended and Restated Note Agreement and Guaranty, dated as of July 16, 2010, as
amended by that certain First Amendment to Amended and Restated Note Agreement and Guaranty, dated as of February 17, 2012 (as
the same may be amended, supplemented, waived or otherwise modified from time to time, the &ldquo;<B><I>Note Agreement</I></B>&rdquo;);
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">WHEREAS, in connection
with the recent execution and delivery of the Five-Year Revolving Credit Facility Agreement, dated as of March 26, 2013, among
the Company, various subsidiaries of the Company, JPMorgan Chase Bank, N.A. and the other parties thereto (the &ldquo;<B><I>New
Bank Credit Agreement</I></B>&rdquo;), the Company has requested amendments of certain provisions of the Note Agreement, and the
Noteholders have indicated willingness to agree to such amendments subject to certain limitations and conditions, as provided for
herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in
consideration of the premises, the mutual covenants and the agreements hereinafter set forth and other good and valuable consideration,
the parties hereto hereby agree that on the Amendment Effective Date, as defined herein, the Note Agreement will be amended as
follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Definitions.</U> Unless otherwise defined herein, terms defined in the Note Agreement are
used herein as therein defined. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Effectiveness of this Amendment</U>. Subject to the occurrence of the Amendment Effective
Date, (a) the Note Agreement (without giving effect to this Amendment) will apply in connection with the Notes up to (but excluding)
March 26, 2013, and (b) the Note Agreement as amended by this Amendment will apply in connection with the Notes from and after
March 26, 2013.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Amendments</U>. Subject to the satisfaction of the conditions set forth in Section 6 hereof,
the Note Agreement is hereby amended, as of the Amendment Effective Date, in the manner specified in Schedule 1 to this Amendment
and made a part hereof. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Representations and Warranties.</U> Each Obligor hereby:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">(i) repeats (and confirms as true and correct) as of the Amendment Effective Date to the Noteholders
each of the representations and warranties made by such Obligor pursuant to the Note Agreement (other than such representations
expressly given as of a specific date); provided that the representation and warranty in the last sentence of Paragraph 8B of the
Note Agreement is further qualified by an exception for anything disclosed in the Company&rsquo;s Annual Report on Form 10-K for
the year ended December 31, 2012; and (ii) incorporates such representations and warranties herein (as though set forth herein)
in their entirety; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">further represents and warrants as of the Amendment Effective Date that:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(i)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>No Default</I>. No Default or Event of Default shall have occurred and be continuing on
such date after giving effect to this Amendment; </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(ii)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Power of Authority</I>. Each such Person has the corporate or equivalent power to execute
and deliver this Amendment, and to perform the provisions hereof, and this Amendment has been duly authorized by all necessary
corporate or equivalent action on the part of each such Person; </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(iii)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Due Execution</I>. This Amendment has been duly executed and delivered by such Person and
constitutes such Person&rsquo;s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability
may be limited (x) by general principals of equity and conflicts of laws or (y) by bankruptcy, reorganization, insolvency, moratorium
or other laws of general application relating to or affecting the enforcement of creditors&rsquo; rights; </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(iv)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>No Consents Required</I>. No consent, approval, authorization or order of, or filing, registration
or qualification with, any court or Governmental Authority or third party is required in connection with the execution, delivery
or performance by such Person of this Amendment;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(v)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>Acknowledgment of Obligation: Waiver of Claims</I>. It has no defenses, offsets or counterclaims
against any of its obligations under and in respect to the Notes or the AI Guaranty Agreement and that all amounts outstanding
under and in respect of the Notes and the Note Agreement are owing to holders of the Notes without defense, offset or counterclaim;
and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(vi)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><I>New Bank Credit Agreement</I>. The Company has furnished to the Noteholders a true and
complete copy of the New Bank Credit Agreement, and except as so furnished to the Noteholders, there have been no amendments to
the New Bank Credit Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Acknowledgements and Consent of Guarantors.</U> Each Guarantor hereby acknowledges that
it has reviewed the terms and provisions of the Note Agreement, the Notes, the AI Guaranty Agreement and this Amendment and consents
to the amendments to the Note Agreement effected pursuant to this Amendment. Each Guarantor confirms that they will continue to
guarantee the obligations to the fullest extent in accordance with the AI Guaranty Agreement and acknowledges and agrees that:
(a) the AI Guaranty Agreement shall continue in full force and effect and that its obligations thereunder shall be valid and enforceable
and shall not be impaired or limited by the execution or effectiveness of this Amendment; and (b)(i) notwithstanding the conditions
to effectiveness hereof, such Guarantor is not required by the terms of the Note Agreement, the Notes or the AI Guaranty Agreement
to consent to the amendments to the Note Agreement effected pursuant to this Amendment; and (ii) nothing in the Note Agreement,
the Notes or the AI Guaranty Agreement shall be deemed to require the consent of any such Guarantor to any future amendments to
the Note Agreement.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Conditions Precedent.</U> This Amendment shall become effective as of the first date on
which the conditions precedent set forth below shall have been fulfilled (the &ldquo;<B><I>Amendment Effective Date</I></B>&rdquo;),
and Prudential agrees to promptly confirm the occurrence of the Amendment Effective Date after such conditions have been fulfilled:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the Noteholders shall have received counterparts of this Amendment, executed and delivered
by a duly authorized officer of each of the Obligors;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the Company shall have paid all outstanding costs, expenses and fees of the Noteholders (including
reasonable attorneys fees and expenses of Bingham McCutchen LLP) incurred in connection with the documentation of this Amendment
(including a reasonable estimate of post-closing fees and expenses) to the extent invoiced (this provision shall not be construed
to limit the obligations of the Company under Paragraph 12B of the Note Agreement); </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(c)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the Company shall have paid to the Noteholders a non-refundable amendment fee in the amount
of $150,000 by federal funds wire transfer in immediately available funds as set forth on Exhibit A; and</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">(d)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">the Noteholders shall have received such additional documents or certificates with respect
to legal matters or corporate or other proceedings related to the transactions contemplated hereby as may be reasonable requested
by the Noteholders.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Release</U>. In consideration of the agreements of the Noteholders contained herein and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Obligor, on behalf
of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases,
remises and forever discharges each Noteholder and their respective successors and assigns, and their respective present and former
shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives
(the Noteholders and all such other Persons being hereinafter referred to collectively as the &ldquo;<B><I>Releasees</I></B>&rdquo;
and individually as a &ldquo;<B><I>Releasee</I></B>&rdquo;), of and from all demands, actions, causes of action, suits, covenants,
contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims,
counterclaims, defenses, rights of set off, demands and liabilities whatsoever (individually, a &ldquo;<B><I>Claim</I></B>&rdquo;
and collectively, &ldquo;<B><I>Claims</I></B>&rdquo;) of every name and nature, known or unknown, suspected or unsuspected, both
at law and in equity, which such Obligor or any of its successors, assigns, or other legal representatives may now or hereafter
own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause
or thing whatsoever which arises at any time on or prior to the day and date of this Amendment for or on account of, or in relation
to, or in any way in connection with the Note Agreement or any of the other Transaction Documents or transactions thereunder or
related thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 37.35pt">Each Obligor understands,
acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis
for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the
provisions of such release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 37.35pt">Each Obligor agrees
that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall
affect in any manner the final, absolute and unconditional nature of the release set forth above. Each Obligor acknowledges and
agrees that the Releasees have fully performed all obligations and undertakings owed to such Obligor under or in any way in connection
with the Note Agreement or any of the other Transaction Documents or transactions thereunder or related thereto as of the date
hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 37.35pt">For the avoidance
of doubt, this Section 7 will not apply to any claims against the Noteholders or their affiliates arising in connection with the
purchase, by an entity in which any of the Noteholders and/or their affiliates held an ownership interest, of the Primaloft business
of the Company and its Subsidiaries.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>GOVERNING LAW.</U> THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND
THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE INTERNAL LAW OF THE STATE OF NEW YORK.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>No Other Amendments; Confirmation.</U> Except as expressly amended, modified and supplemented
hereby, the terms, provisions and conditions of the Note Agreement, the Notes, the AI Guaranty Agreement and the agreements and
instruments relating thereto are and shall remain unchanged and in full force and effect and are hereby ratified and confirmed
in all respects.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">10.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Headings.</U> The headings of sections of this Amendment are inserted for convenience only
and shall not be deemed to constitute a part of this Amendment.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">11.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt"><U>Counterparts.</U> This Amendment may be executed in any number of counterparts by the parties
hereto, each of which counterparts when so executed shall be an original, but all counterparts taken together shall constitute
one and the same instrument. </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>[Remainder of page intentionally left blank.
Signature pages follow.]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the parties have caused this Amendment to be duly executed and delivered by their respective proper and duly authorized officers
as of the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">ALBANY INTERNATIONAL CORP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ John Cozzolino</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: John Cozzolino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Chief Financial Officer
and Treasurer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt">(Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">ALBANY INTERNATIONAL HOLDINGS TWO, INC., as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ John Cozzolino</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: John Cozzolino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Chief Financial Officer and Treasurer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt">(Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 279pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">ALBANY ENGINEERED COMPOSITES, INC. (formerly known as ALBANY
INTERNATIONAL TECHNIWEAVE, INC.), as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ Joseph M. Gaug</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: Joseph M. Gaug</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Assistant Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">ALBANY INTERNATIONAL RESEARCH CO., as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ Robert A. Hansen</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: Robert A. Hansen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">GESCHMAY CORP. as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ John Cozzolino</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: John Cozzolino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Chief Financial Officer and Treasurer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt">(Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">BRANDON DRYING FABRICS, INC., as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ John Cozzolino</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: John Cozzolino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Chief Financial Officer and Treasurer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt">(Principal Financial Officer)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">GESCHMAY WET FELTS, INC., as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ John Cozzolino</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: John Cozzolino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Chief Financial Officer and Treasurer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt">(Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">GESCHMAY FORMING FABRICS CORP., as a Guarantor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ John Cozzolino</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Name: John Cozzolino</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in">&#9;Title: Chief Financial Officer and Treasurer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 250pt">(Principal Financial Officer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 279pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The foregoing Amendment is hereby accepted
as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">THE PRUDENTIAL INSURANCE COMPANY OF AMERICA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Engin W. Okaya</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Name: Engin W. Okaya</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Title:&#9;&nbsp;&nbsp;Vice President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">THE PRUDENTIAL LIFE INSURANCE COMPANY, LTD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Investment Management (Japan),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Inc., as Investment Manager</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By:&#9;Prudential Investment Management,
Inc., <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Sub-Adviser</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By: <U>/s/ Engin W. Okaya</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Name: Engin W. Okaya</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Title:&#9;Vice President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">THE GIBRALTAR LIFE INSURANCE CO., LTD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Investment Management Japan Co.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Ltd., as Investment Manager</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By:&#9;Prudential Investment Management, Inc.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Sub-Adviser</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By: <U>/s/ Engin W. Okaya</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Name: Engin W. Okaya</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Title:&#9;Vice President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SECURITY BENEFIT LIFE INSURANCE COMPANY, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">By:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prudential Private Placement Investors, L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(as Investment Advisor)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By:&#9;Prudential Private Placement Investors, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(as its General Partner)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">By: <U>/s/ Engin W. Okaya</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Name: Engin W. Okaya</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Title:&#9;Vice President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>Schedule 1</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>Amendments to Note Agreement </U><BR>
(All paragraph references are to paragraphs of the Note Agreement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> Clause (c) of Paragraph 6B is hereby amended and restated in its entirety to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify">&ldquo;(c)&#9;any Lien on any asset
securing Indebtedness (including Capitalized Lease Obligations) incurred or assumed for the purpose of financing all or any part
of the cost of acquiring such asset; <U>provided</U> that such Lien attaches to such asset concurrently with or within 180&nbsp;days
after the acquisition thereof, and, in addition, (i) any other Lien deemed to exist under a Capitalized Lease Obligation permitted
under Paragraphs 6A and 6F and (ii) any other Lien deemed to exist under a capital lease that does not constitute a Capitalized
Lease Obligation;&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Clause (k) of Paragraph 6B is hereby amended by deleting the phrase &ldquo;July 16, 2010&rdquo; and inserting the phrase
&ldquo;March 26, 2013&rdquo; in lieu thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Clause (l) of Paragraph 6B is hereby relettered as clause (m), and the following new clause (l) is hereby inserted immediately
before clause (m):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;(l) any
Lien arising out of a Permitted AEC Transaction; <U>provided</U>, <U>however</U>, that such Lien does not extend to any property
other than the property that is the subject of such Permitted AEC Transaction; and&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Clause (d) of Paragraph 6D is hereby amended by deleting the phrase &ldquo;any entity created pursuant to a Permitted AEC
Transaction&rdquo; and inserting the phrase &ldquo;any AEC Joint Venture Entity&rdquo; in lieu thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Paragraph 6G is hereby amended and restated in its entirety to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>6G.</B>&#9;<B>Investments,
Loans, Advances, Guarantees and Acquisitions</B>. The Company will not, and will not permit any Subsidiary to, purchase, hold or
acquire (including pursuant to any merger with any Person that was not a Subsidiary prior to such merger) any Equity Interests,
evidences of Indebtedness or other securities (other than any Hedging Agreement entered into in the ordinary course of business)
of, make or permit to exist any loans or advances (excluding accounts receivable arising out of the sale of goods and services
reflected on the Company&rsquo;s consolidated balance sheet as current assets) to, Guarantee any obligations of, or make or permit
to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series
of transactions) any assets of any other Person constituting a business unit, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(a)&#9;Permitted Investments;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(b)&#9;(i)&nbsp;investments existing
on the date hereof in the capital stock of Subsidiaries or in Indebtedness of Subsidiaries and (ii)&nbsp;other investments existing
on the date hereof and set forth on <U>Schedule&nbsp;6G</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(c)&#9;acquisitions of assets of
or Equity Interests in other Persons for consideration consisting solely of common stock of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(d)&#9;acquisitions of assets of
or Equity Interests in other Persons that are not</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in">Affiliates of the Company and loans or advances to Subsidiaries to provide funds
required to effect such acquisitions, if, at the time of and after giving pro forma effect to each such acquisition and any related
incurrence of Indebtedness, (i) the Leverage Ratio does not exceed 3.50 to 1.00 and (ii) no Default shall have occurred and be
continuing;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(e)&#9;(i) any investment, loan
or advance by the Company or a Guarantor in or to the Company or another Guarantor, (ii) any investment, loan or advance by a Subsidiary
that is not a Guarantor in or to the Company or a Guarantor; provided that each such loan or advance referred to in this preceding
clause (ii) shall be subordinated to the obligations hereunder (it being understood that any such subordination shall not be construed
to create a Lien), (iii) any investment, loan or advance by any Subsidiary that is not a Guarantor in or to any other Subsidiary
that is not a Guarantor, (iv) any investment, loan or advance by the Company or any Guarantor in or to any Subsidiary that is not
a Guarantor; <U>provided</U> that&nbsp;each investment, loan or advance referred to in this clause (iv) must be in an outstanding
principal amount that, together with the aggregate outstanding principal amount of all other investments, loans and advances permitted
by this clause (iv), but net of all amounts paid by such non-Guarantor in or to the Company and/or any of the Guarantors after
the Closing Date that constitute repayments of loans or advances made by the company and/or such Guarantors or returns of capital
(as opposed to returns on capital) invested by the Company and/or such Guarantors, shall not exceed $100,000,000; and (v) in addition
to investments, loans and advances permitted under the preceding clauses (i) through (iv), (A) any Permitted AEC Transaction and
(B) any investment, loan or advance by the Company or a Guarantor (whether directly or indirectly through one or more intervening
Subsidiaries that is not a Guarantor) in or to an AEC Joint Venture Entity; <U>provided</U> that each investment, loan or advance
referred to in this clause&nbsp;(v)(B) must be in an outstanding principal amount that, together with the aggregate outstanding
principal amount of all other investments, loans and advances permitted by this clause&nbsp;(v)(B), but net of all amounts paid
by such AEC Joint Venture Entity to the Company and/or any of the Guarantors that constitute repayments of loans or advances made
by the Company and/or such Guarantors or returns of capital (as opposed to returns on capital) invested by the Company and/or such
Guarantors, shall not exceed $100,000,000;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(f)&#9;Guarantees by a Subsidiary
constituting Indebtedness permitted by Paragraph 6A (<U>provided</U> that a Subsidiary shall not Guarantee any obligation of the
Company unless such Subsidiary also becomes a Guarantor in respect of the Guarantied Obligations) and Guarantees by the Company
of Indebtedness of a Subsidiary permitted by Paragraph 6A;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(g)&#9;Guarantees by the Company
of obligations of Albany International Holding (Switzerland) AG to Bank of America, N.A., under the Limited Guaranty and Indemnity
Agreements dated as of October 1, 2010 (as amended from time to time) between the Company and Bank of America, N.A., in respect
of overdrafts or currency hedging transactions in an aggregate amount not to exceed $20,000,000 at any time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(h)&#9;investments received in
connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers,
in each case in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(i)&#9;loans or other advances
to employees consistent with past practice; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 3pt 1in; text-indent: 0.5in">(j)&#9;other investments not permitted
under clauses (a) through (i) above in an aggregate amount not exceeding $75,000,000 at any time.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">6.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Paragraph 11B is hereby amended by adding the following defined terms in appropriate alphabetical order:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>AEC
Joint Venture Entity</B>&rdquo; shall mean any entity owned by the Company and/or its subsidiaries and one or more Persons that
are not Affiliates of the Company that results from a</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify">Permitted AEC Transaction, whether in corporate, partnership, limited liability
company, trust or other legal form.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Closing
Date</B>&rdquo; shall mean March 26, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">7.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Paragraph 11B is hereby amended by deleting the definition of &ldquo;Original Credit Agreement&rdquo; therefrom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">8.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The definition of &ldquo;Revolving Credit Agreement&rdquo; in Paragraph 11B is hereby amended by deleting the phrase &ldquo;July
16, 2010&rdquo; therefrom and inserting the phrase &ldquo;March 26, 2013&rdquo; in lieu thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">9.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The following definitions in Paragraph 11B are hereby amended and restated in their entirety to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Capitalized
Lease Obligations</B>&rdquo; shall mean, for any Person, the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations
are or would have been required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP
as in effect on December 31, 2012, and the amount of such obligations shall be the capitalized amount thereof determined in accordance
with GAAP as in effect on December 31, 2012. For avoidance of doubt, (a) leases entered into before December 31, 2012, which did
not constitute capitalized leases under GAAP as in effect on such date and (b) leases entered into after December 31, 2012, which
would not have been required to be capitalized and accounted for as capital leases under GAAP as in effect on such date are excluded
from the definition of Capitalized Lease Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Consolidated
EBITDA</B>&rdquo; shall mean, for any period, Consolidated Net Income for such period <U>plus</U>, without duplication and to the
extent deducted from revenues in determining Consolidated Net Income, the sum of (a)&nbsp;Consolidated Interest Expense for such
period, (b)&nbsp;income tax expense for such period, (c)&nbsp;depreciation and amortization for such period, (d)&nbsp;all non-cash
charges (including any non-cash expenses relating to stock option exercises or other non-cash, stock-based compensation such as
restricted stock units) during such period (<U>provided</U> that any cash payment made with respect to any such non-cash charge
shall be subtracted in computing Consolidated EBITDA for the period in which such cash payment is made), (e) all charges related
to the early retirement of Indebtedness during such period, (f) (i) restructuring charges related to the Company&rsquo;s French
operations during such period; <U>provided</U> that the aggregate amount to be added back with respect to all such restructuring
charges pursuant to this clause (f)(i) for all periods commencing with the fiscal quarter during which the Closing Date shall have
occurred shall not exceed $35,000,000 and (ii) other restructuring charges not in excess of (A) $15,000,000 in any period of four
fiscal quarters or (B) $50,000,000 in the aggregate for all periods, in the case of each of such clauses (A) and (B), commencing
with the fiscal quarter during which the Closing Date shall have occurred, (g) the amount of any pension settlement or curtailment
expense (including (i) any such expenses, incurred in prior periods, the recognition of which has been deferred in accordance with
GAAP, and (ii) any such expenses in the form of premium payments or other obligations or amounts<B> </B>paid or payable to third
parties as consideration for the assumption or defeasance of such obligations) required or permitted<B> </B>to be recognized during
such period as the result of the permanent settlement or defeasance of any pension obligation of the Company or any Subsidiary,
<U>provided</U> that the aggregate amount to be added back with respect to all such pension settlement or curtailment expense pursuant
to this clause (g) for all periods commencing with the fiscal quarter during which the Closing Date shall have occurred shall not
exceed $110,000,000 (of which not more than $40,000,000 may represent add-backs of cash expenses), and (h) any losses attributable
to sales of business operations not in the ordinary course of business during such period and <U>minus</U>, without duplication,
(i) all non-cash gains and income for such period, (ii) any gains related to the early retirement of Indebtedness for such period
and (iii) any gains attributable to sales of business operations not in the ordinary course of business for such period, all determined
on a consolidated basis for the Company and its</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify">Subsidiaries in accordance with GAAP. Notwithstanding the foregoing Consolidated
EBITDA for the fiscal quarters of the Company ended June 30, 2012, September 30, 2012, and December 31, 2012, will be deemed for
all purposes of this Agreement to be $85,328,000, $38,846,000 and $35,600,000, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Lien</B>&rdquo;
shall mean, with respect to any asset, (a)&nbsp;any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or
security interest in, on or of such asset, (b)&nbsp;the interest of a lessor under any capital lease relating to such asset and
(c)&nbsp;in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Permitted
AEC Transaction</B>&rdquo; shall mean (i) the sale of Equity Interests in AEC to a third party for fair value, (ii) the contribution
of all or a portion of the assets of AEC (and any related technology and assets of the Company as the Company may determine) to
an entity newly-formed for the purpose of establishing joint ownership with one or more third parties in exchange for Equity Interests
in such newly-formed entity, (iii) any sale for fair value of Equity Interests in such newly-formed entity (in one or more transactions)
to any third parties pursuant to the terms of the shareholders&rsquo; agreement, joint ownership agreement or other constitutive
or operative document relating to such newly-formed entity (as such agreements or documents may be amended from time to time),
and/or (iv) provision of additional services by the Company or a Subsidiary to such joint ownership entity (and/or a Wholly-Owned
Subsidiary thereof) on a basis at least sufficient to compensate the Company or such Subsidiary for its cost in providing such
services (as such cost is determined in good faith by the Company or such Subsidiary). For purposes of subclause (iii) of this
definition, &ldquo;fair value&rdquo; at any time shall include a formula price theretofore agreed or accepted by the Company on
the basis of the Company&rsquo;s good faith estimate of future fair value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 12pt; text-align: justify; text-indent: 0.5in">&ldquo;<B>Total
Debt</B>&rdquo; shall mean, at any time, the sum of (a) all Indebtedness that is or should be reflected as a liability on a consolidated
balance sheet of the Company and the Subsidiaries in accordance with GAAP and (b) the consideration (other than any note of a Subsidiary
that serves as a conduit in a sale or financing transaction with respect to Receivables) received by the Company or any Consolidated
Subsidiary from any Person (other than the Company or a Subsidiary) for Receivables sold, which Receivables remain uncollected
at such time (other than delinquent Receivables sold for collection in the ordinary course of business and not as part of a financing
transaction); less (x) the sum of all cash and cash equivalents (as determined in accordance with GAAP), (y) the cash surrender
value of life insurance policies naming the Company as beneficiary (as determined in accordance with GAAP) and (z) the fair market
value of any Marketable Securities held by the Company and the Consolidated Subsidiaries, with such excluded items under clauses
(x) through (z) above not to exceed $65,000,000 in the aggregate at any time; <U>provided</U>, <U>however</U>, that, with respect
to any Non-Wholly Owned Subsidiary, the Indebtedness (other than any Indebtedness that is Guaranteed by the Company or a Wholly-Owned
Subsidiary) and assets thereof referred to in the foregoing clauses shall be disregarded in the calculation of &ldquo;Total Debt&rdquo;
to the extent of any economic interest in such Non-Wholly Owned Subsidiary that is directly or indirectly owned by any Person other
than the Company or a Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 1in">10.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Note Agreement is hereby amended by deleting Schedules 6A, 6B, 6D, 6G, 8C and 8G thereto and inserting Schedules 6A,
6B, 6D, 6G, 8C and 8G, respectively, attached hereto in lieu thereof.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>SCHEDULE 6A</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><U>Existing Subsidiary Indebtedness</U></P>

<P STYLE="color: #FF9900; font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 83%; padding-right: 5.75pt; padding-left: 5.75pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 12pt">Amount
        <BR>
(US$)</FONT><A HREF="#note_ftn1" NAME="notea_ftnref1" STYLE="font-size: 65%; vertical-align: 35%">1</A></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.75pt; padding-left: 0pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.50in; text-indent: -0.50in">Amounts outstanding under the Revolving
        Credit Facility<BR>
        which are owed by various Subsidiaries from time<BR>
        to time</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0pt 0.5in; text-indent: -0.5in">Albany International Engineered Textiles
        (Hangzhou) Co., Ltd.<BR>
        Short and Medium-Term Borrowings from Local Banks</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-size: 12pt">$7,500,000</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 0.5in; text-indent: -0.5in"><FONT STYLE="font-size: 12pt">Albany International Tecidos Tecnicos Ltda.</FONT><BR>
<FONT STYLE="font-size: 12pt">Short and Medium-Term Borrowings from Local Banks</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-size: 12pt">$600,000</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 0.5in; text-indent: -0.5in"><FONT STYLE="font-size: 12pt">Albany Engineered Composites</FONT><BR>
<FONT STYLE="font-size: 12pt">Short and Medium-Term Borrowings from Local Banks</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.75pt; padding-left: 5.75pt; text-align: right"><FONT STYLE="font-size: 12pt">$137,000</FONT></TD></TR>
</TABLE>


<HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><A HREF="#note_ftnref1" NAME="notea_ftn1" STYLE="font-size: 65%; vertical-align: 35%">1</A>Dollar
amounts are converted from local currencies.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>SCHEDULE 6B</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Existing Liens</U></B><BR>
<BR>
</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in">None.<BR>
<BR>
<BR>
</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>SCHEDULE 6D</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><B><U>Certain Transactions with Affiliates</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Spectra Systems Corporation (&ldquo;SSC&rdquo;)</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The Company made an investment of approximately $4 million
in 1997 in SSC, which is engaged in the development of textiles using dispersed laser technology. At the same time, the Company
entered into an exclusive supply arrangement pursuant to which SSC is obligated to purchase all of its monofilament or textile
products from the Company, and to pay certain royalties to the Company on sales of SSC products that incorporate materials supplied
by the Company. SSC also granted to the Company an exclusive license to use SSC products in paper machine clothing and related
products. In addition, the Company&rsquo;s Subsidiary, Albany International Research Co., has provided research and technical support
to SSC. The remaining interests of SSC are not, to the Company&rsquo;s knowledge, held by Affiliates of the Company. As of December
31, 2009, the Company was no longer engaged in any commercial or other business activities with SSC. Any future dealings with SCC
(which are not anticipated) would be at arm&rsquo;s length.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><U>Nevo Cloth Ltd. (&ldquo;Nevo Cloth&rdquo;)</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in">Albany Nordiskafilt AB
(&ldquo;<U>Albany Nordiskafilt</U>&rdquo;), the Company&rsquo;s principal Swedish Subsidiary, established Nevo Cloth as a 50/50
equity joint venture with a local Russian partner to gain a manufacturing presence in Russia in the Company&rsquo;s core paper
machine clothing business. Albany Nordiskafilt supplies paper machine clothing and related products to Nevo Cloth for resale to
customers in Russia. The other shareholder of Nevo Cloth is not, to the Company&rsquo;s knowledge, an Affiliate of the Company.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B><U>Schedule 6G</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B><U>Existing Investments</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><U>Albany International
Corp. and Subsidiaries</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">Spectra Systems Corporation</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">(Delaware)</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">1,777,778 shares Series C Preferred, $0.01 par value<BR>
 (&lt;20%)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Nevo Cloth Ltd. (Russia)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">50% equity ownership</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Ichikawa Ltd. (Japan)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">300,000 shares Common Stock (approx. 1.0%)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Parco Scientifico Technlogico di Venezia s.c.a.r.l.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; padding-bottom: 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt">176 quotas valued at EUR 12,813</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt">(approx. US$ 16,900)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Wurttembergische Filztuchfabrik D. Geschmay GmbH</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of GEFA leasing of borrowings by Wurttembergische Filztuchfabrik D. Geschmay GmbH of Euro 1,120,000 (approx. US$1,400,000)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Albany International Europe GmbH</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of UBS for credit cards with Albany International Europe GmbH for Euro 204,000 (approx. US$269,000)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Various European entities</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of JPMorgan for credit cards in various countries in Europe for US$500,000</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Albany International Canada Corp.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of Scotiabank for credit cards with Albany International Canada Corp. for CAD 500,000 (approx. US$504,000)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Albany International Canada Corp.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of Scotiabank for a credit line with Albany International Canada Corp. for CAD 1,500,000 (approx. US$1,511,000)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Albany International China Hangzhou</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of Bank of Tokyo Mitsubishi for Albany International China Hangzhou for US$8,750,000.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Albany International AB</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of Nordea for a credit line with Albany International AB for SEK 15,000,000 (approx. US$2,307,000)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Albany International AB</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Guaranty by Albany International Corp. in favor of Nordea for customs guarantees with Albany International AB for SEK 200,000 (approx. US$31,000)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.5in"><B><U>ii.&#9;Subsidiaries</U></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 37%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Affiliate</P></TD>
    <TD STYLE="width: 26%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Direct
        Subsidiary of</P></TD>
    <TD STYLE="width: 8%; padding-right: 5.75pt; padding-left: 5.75pt">
<DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="width: 14%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Country
        of Incorporation</P></TD>
    <TD STYLE="width: 15%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Jurisdiction
        of Incorporation</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">47 Albany Troy Road Corporation - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">New York</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">AIC Sales Corporation - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">New York</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">AI (Switzerland) GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Europe GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Switzerland</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Switzerland</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Dritek Corp. - Inactive</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">New York</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Felt Company - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">New York</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International (China) Co., Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">China</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Panyu, Guangdong, China</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Halmstad, Sweden</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Asia Pty. Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holdings Two, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Australia</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Australian Capital Territory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International B.V.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Netherlands</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">The Hague, Netherlands</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Canada Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">AI (Switzerland) GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Canada</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Nova Scotia</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International de Mexico S.A. de C.V.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Mexico</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Mexico</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Engineered Textiles (Hangzhou) Co., Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">China</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Hangzhou, China</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Europe GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Switzerland</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Switzerland</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International France, S.A.S.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Canada Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">France</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Selestat, France</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Germany Holding GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holdings Two, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Germany</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Germany</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Germany Holding GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Germany</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Germany</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holdings Two, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Switzerland</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Switzerland</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holdings Two, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Italia S.r.l.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Italy</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Italy</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Korea, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holdings Two, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Korea</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Chungju-shi, Korea</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Holding (Switzerland) AG</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United Kingdom</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United Kingdom</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Oy</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Finland</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Helsinki, Finland</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 37%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Affiliate</P></TD>
    <TD STYLE="width: 26%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Direct
        Subsidiary of</P></TD>
    <TD STYLE="width: 8%; padding-right: 5.75pt; padding-left: 5.75pt">
<DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="width: 14%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Country
        of Incorporation</P></TD>
    <TD STYLE="width: 15%; padding-right: 5.75pt; padding-left: 5.75pt">
        <P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Jurisdiction
        of Incorporation</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; width: 37%">Albany International Pty. Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; width: 26%">Albany International HoldingsTwo, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt; width: 8%">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; width: 14%">Australia</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; width: 15%">Australian Capital Territory</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Research Co.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International S.A. Pty. Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">South Africa</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Durban</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Engineered Composites, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">New Hampshire</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Engineered Composites, Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Engineered Composites, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United Kingdom</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United Kingdom</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Engineered Composites, S.A.S.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany Engineered Composites, Inc.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">France</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">France</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Tecidos Tecnicos Ltda.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Canada Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Brazil</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Santa Catarina</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Japan Kabushiki Kaisha [formerly named &ldquo;Albany Nordiskafilt Kabushiki Kaisha&rdquo;]</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Japan</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Tokyo</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Brandon Drying Fabrics, Inc. - Inactive</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Geschmay Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Dewa Consulting AB - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Geschmay Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Geschmay Forming Fabrics Corp. - Inactive</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Geschmay Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Geschmay Wet Felts, Inc. - Inactive</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Geschmay Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">James Kenyon &amp; Sons Ltd. - Inactive</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United Kingdom</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United Kingdom</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Nordiska Maskinfilt Aktiebolag - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Sweden</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Nevo-Cloth Ltd.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International AB</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Russia</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">St. Petersburg</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Transamerican Manufacturing Inc. - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Transglobal Enterprises Inc. - Namesaver</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Corp.</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">United States</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Delaware</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Wurttembergische Filztuchfabrik&nbsp;&nbsp;D. Geschmay GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Albany International Germany Holding GmbH</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt; font-size: 11pt">&nbsp;</TD>
    <TD NOWRAP STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Germany</TD>
    <TD STYLE="padding-top: 1pt; padding-right: 5.75pt; padding-left: 5.75pt">Germany</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>SCHEDULE 8C</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt">The discussion of various matters set forth in the Company&rsquo;s
Annual Report on Form 10-K for the year ended December 31, 2012 (a) in &ldquo;Item 1A. Risk Factors&rdquo; under the heading &ldquo;The
Company is subject to legal proceedings and legal compliance risks, and has been named as defendant in a large number of suits
relating to the actual or alleged exposure to asbestos-containing products&rdquo; and (b) in &ldquo;Item 3. Legal Proceedings&rdquo;
is hereby incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><U>SCHEDULE 8G</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt">Revolving Credit Agreement</P>







<P STYLE="margin: 0"></P>

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