Golden Hole Inc Sample Contracts

Ipec Holdings Inc – REVOLVING CREDIT NOTE (February 25th, 2005)

FOR VALUE RECEIVED, the undersigned, INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation (“Borrower”) hereby promises to pay on or before the Expiration Date (as defined in the Loan Agreement, defined below), to the order of CITIZENS BANK OF PENNSYLVANIA (the “Bank”) the lesser of (i) the principal sum of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000) or (ii) the aggregate unpaid principal amount of all Revolving Credit Loans (as defined in the Loan Agreement) made by the Bank to the Borrower pursuant to the Revolving Credit and Term Loan Agreement, dated as of February 18, 2005, by and between the Borrower and the Bank (the “Loan Agreement”), together with interest on the unpaid principal balance hereof from time to time outstanding from the date hereof until maturity at the rate or rates per annum determined pursuant to Section 2.04 of, or as otherwise provided in, the Loan Agreement, payable on the dates set forth in Section 2.17 and Section 2.18 of, or

Ipec Holdings Inc – MULTI-DRAW TERM NOTE (February 25th, 2005)

FOR VALUE RECEIVED, the undersigned, INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation (“Borrower”) hereby promises to pay to the order of CITIZENS BANK OF PENNSYLVANIA (the “Bank”) the lesser of (i) the principal sum of ONE MILLION DOLLARS ($1,000,000) or (ii) the aggregate unpaid principal amount of the Multi-Draw Term Loan (as defined in the Loan Agreement) made by the Bank to the Borrower pursuant to the Revolving Credit and Term Loan Agreement, dated as of February 18, 2005, by and between the Borrower and the Bank (the “Loan Agreement”), together with interest on the unpaid principal balance hereof from time to time outstanding from the date hereof until maturity at the rate or rates per annum determined pursuant to Section 2.04 of, or as otherwise provided in, the Loan Agreement, payable on the dates set forth in Section 2.17 and Section 2.18 of, or as otherwise provided in, the Loan Agreement. The Borrower further promises to pay to the Bank interim payment

Ipec Holdings Inc – REVOLVING CREDIT AND TERM LOAN AGREEMENT (February 25th, 2005)

THIS AGREEMENT, dated as of February 18, 2005, entered into by and among INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation (“Borrower”)

Ipec Holdings Inc – TERM NOTE (February 25th, 2005)

FOR VALUE RECEIVED, the undersigned, INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation (“Borrower”) hereby promises to pay to the order of CITIZENS BANK OF PENNSYLVANIA (the “Bank”) the lesser of (i) the principal sum of ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) or (ii) the aggregate unpaid principal amount of the Term Loan (as defined in the Loan Agreement) made by the Bank to the Borrower pursuant to the Revolving Credit and Term Loan Agreement, dated as of February 18, 2005, by and between the Borrower and the Bank (the “Loan Agreement”), together with interest on the unpaid principal balance hereof from time to time outstanding from the date hereof until maturity at the rate or rates per annum determined pursuant to Section 2.04 of, or as otherwise provided in, the Loan Agreement, payable on the dates set forth in Section 2.17 and Section 2.18 of, or as otherwise provided in, the Loan Agreement. The Borrower further promises to pay to the Bank inte

Ipec Holdings Inc – SECURITY AGREEMENT (February 25th, 2005)

THIS SECURITY AGREEMENT (this “Security Agreement”), is dated as of February 18, 2005, by and between INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation (“Borrower”), and CITIZENS BANK OF PENNSYLVANIA, a Pennsylvania chartered banking institution (the “Bank”);

Ipec Holdings Inc – GUARANTY AND SURETYSHIP AGREEMENT (February 25th, 2005)

IN CONSIDERATION of the credit accommodation granted or to be granted by CITIZENS BANK OF PENNSYLVANIA, a banking institution organized under the laws of the Commonwealth of Pennsylvania (the “Lender”), to INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation (the “Principal”), pursuant to that certain Revolving Credit and Term Loan Agreement dated as of February 18, 2005 between the Lender and the Principal (the “Loan Agreement”) and that certain Revolving Credit Loan Note in the maximum principal amount of $3,500,000, the Term Note in the original principal amount of $1,500,000 and the Multi-Draw Term Note in the maximum principal amount of $1,000,000 each dated as of February 18, 2005 and payable by the Principal to the Lender (the “Notes”) and under the other Guaranteed Liabilities (as hereinafter defined), the undersigned; (i) guarantees and unconditionally becomes surety to the Lender, its successors, endorsees and assigns, for the payment on demand or at maturit

Ipec Holdings Inc – IPEC HOLDINGS INC. NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE 2002 STOCK OPTION PLAN (November 15th, 2004)
Ipec Holdings Inc – IPEC HOLDINGS INC. INCENTIVE STOCK OPTION AGREEMENT UNDER THE 2002 STOCK OPTION PLAN (November 15th, 2004)
Ipec Holdings Inc – October 25, 2004 Mr. Shawn C. Fabry Chief Financial Officer International Plastics & Equipment Corp. Northgate Industrial Park New Castle, PA 16105 RE: AGREEMENT FOR FINANCIAL INVESTOR RELATIONS FOR IPEC HOLDINGS INC. Under the terms stipulated in this Agreement, Murdock Capital Partners Corp. (“MCP”) will serve as financial/investor relations counsel for IPEC Holdings, Inc. (“IPEC”) for a period of twelve (12) months from the date of execution of this Agreement (“Initial Term”). This Agreement may be renewed for an additional twelve (12) months upon expiration of the Initial Term assuming wri (October 28th, 2004)
Ipec Holdings Inc – FOR IMMEDIATE RELEASE October 26, 2004 IPEC Holdings Inc. Reports Third-Quarter Revenue Growth of 47% and Increases its Projected 2004 EPS Guidance (October 26th, 2004)

NEW CASTLE, PA, October 26, 2004. IPEC Holdings Inc. (“IPEC” or the “Company”) (OTC: IPEC) today announced its results for the third quarter ended September 30, 2004. Net income available to common shares for the third quarter of 2004 was $0.05 per common share.

Ipec Holdings Inc – LEASE AGREEMENT (August 13th, 2004)

Exhibit 10.10 LEASE AGREEMENT Between CRICIPECPA LP as Lessor and INTERNATIONAL PLASTICS AND EQUIPMENT CORP. as Lessee Dated as of May 21, 2004 Pennsylvania Lease Agreement TABLE OF CONTENTS 1. Demise; Title; Condition..................................................1 2. Term......................................................................1 3. Rent......................................................................2 4. Use.......................................................................3 5. Net Lea

Ipec Holdings Inc – 2002 STOCK OPTION PLAN (August 13th, 2004)

Exhibit 10.16 IPEC HOLDINGS INC. 2002 STOCK OPTION PLAN (As Amended and Restated Through March 2004) 1. Purpose; Effectiveness of the Plan. (a) The purpose of this Plan is to advance the interests of the Company and its stockholders by helping the Company obtain and retain the services of employees, officers, consultants, and directors, upon whose judgment, initiative and efforts the Company is substantially dependent, and to provide those persons with further incentives to advance the interests of the Company. (b) This Plan will become effective on the date of its adoption by the Board, provided the Plan is approved by the stockholders of the Company (excluding holders of shares of Stock issued by the Company pursuant to the

Ipec Holdings Inc – GUARANTY (August 13th, 2004)

Exhibit 10.12 GUARANTY THIS GUARANTY (the "Agreement") dated this 21st day of May, 2004 is made by IPEC Holdings, Inc., a corporation organized under the laws of Nevada (the "Guarantor"), having an address of P.O. Box 5311, New Castle, Pennsylvania 16105, to and for the benefit of CRICIPECPA LP, a Delaware limited partnership, having an address of c/o CRIC Capital, LLC, One Exeter Plaza, 11th Floor, Boston, MA 02116, Attention: Chief Executive Officer (the "Lessor"). A G R E E M E N T WHEREAS, Intercontinental Plastics and Equipment Corp., a corporation organized under the laws of Pennsylvania (the "Lessee"), has requested that Lessor enter into a Lease Agreement (the "Lease") of even date herewith with respect to property located in New Castle, Pennsylvania (the "Premises"); WHEREAS, to induce Lessor to enter into the Lease, Gua

Ipec Holdings Inc – LEASE AGREEMENT (August 13th, 2004)

Exhibit 10.11 LEASE AGREEMENT Between CRICIPECAL LLC as Lessor and INTERNATIONAL PLASTICS AND EQUIPMENT CORP. as Lessee Dated as of May 21, 2004 Alabama Lease Agreement TABLE OF CONTENTS 1. Demise; Title; Condition..................................................1 2. Term......................................................................1 3. Rent......................................................................2 4. Use.......................................................................3 5. Net Leas

Ipec Holdings Inc – LETTER OF CREDIT NOTE (August 13th, 2004)

Exhibit 10.15 LETTER OF CREDIT NOTE $1,800,000.00 New Castle, PA May 21, 2004 FOR VALUE RECEIVED, the undersigned, INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation with an address of RD#3 Box 7-A, New Castle, PA 16103 ("Borrower") hereby promises to pay to the order of SKY BANK, an Ohio banking institution, with an address of 101 East Washington Street, New Castle, Pennsylvania 16101 ("Bank"), pursuant to the terms of that certain Letter of Credit and Reimbursement Agreement dated of even date herewith among Borrower and Bank (the "Reimbursement Agreement") the lesser of (i) ONE MILLION EIGHT HUNDRED THOUSAND AND 00/100 DOLLARS ($1,800,000.00), and (ii) the aggregate unpaid principal amount of all Loans (as defined in the Reimbursement Agree

Ipec Holdings Inc – GUARANTY (August 13th, 2004)

Exhibit 10.13 GUARANTY THIS GUARANTY (the "Agreement") dated this 21st day of May, 2004 is made by IPEC Holdings, Inc., a corporation organized under the laws of Nevada (the "Guarantor"), having an address of P.O. Box 5311, New Castle, Pennsylvania 16105, to and for the benefit of CRICIPECAL LLC, a Delaware limited liability company, having an address of c/o CRIC Capital, LLC, One Exeter Plaza, 11th Floor, Boston, MA 02116, Attention: Chief Executive Officer (the "Lessor"). A G R E E M E N T WHEREAS, Intercontinental Plastics and Equipment Corp., a corporation organized under the laws of Pennsylvania (the "Lessee"), has requested that Lessor enter into a Lease Agreement (the "Lease") of even date herewith with respect to property located in Brewton, Alabama (the "Premises"); WHEREAS, to induce Lessor to enter into the Lease, Guar

Ipec Holdings Inc – LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT (August 13th, 2004)

Exhibit 10.14 LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT This Agreement is made May 21, 2004 (the "Effective Date"), between INTERNATIONAL PLASTICS AND EQUIPMENT CORP., a Pennsylvania corporation ("Borrower"), and SKY BANK, an Ohio banking institution ("Bank"). Background Borrower desires to enter into a Lease Agreement with CRICIPECAL LLC, a Delaware limited liability company ("Lessor") for Borrower's lease of certain real property located in Brewton, AL (the "Brewton Lease"). In order to induce Lessor to enter into the Brewton Lease, Borrower has requested Bank to issue a letter of credit substantially in the form attached hereto as Exhibit A (as the same may be further amended, modified or extended from time to time the "Letter of Credit"). Bank is willing to issue the Letter of Credit on the terms and conditions set forth herein.

Golden Hole Inc – RESTATED ARTICLES OF INCORPORATION (April 15th, 2002)

EXHIBIT 3.1 RESTATED ARTICLES OF INCORPORATION FILED # C 8239-85 APR 09 2002 IN THE OFFICE OF DEAN HELLER, SECRETARY OF STATE RESTATED ARTICLES OF INCORPORATION OF GOLDEN HOLE, INC. The undersigned, being the President and Secretary of Golden Hole, Inc., a Nevada corporation (hereinafter referred to as the "Corporation"), having been authorized to execute these Restated Articles of Incorporation, hereby certify to the Secretary of State of the State of Nevada that: FIRST: The Corporation desires to amend and restate its Articles of Incorporation as currently in effect as her

Ipec Holdings Inc – PROMISSORY NOTE (April 15th, 2002)

EXHIBIT 10.2 January 13, 2000 Loan Documents with First Western Bank PROMISSORY NOTE Principal Loan Date Maturity Loan No. Call Collateral Account Officer Initials $1,000,000.00 01-13-2000 07-01-2005 1100097171 410 27 205 References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Borrower: International Plastics and Lender: SKY BANK Equipment Corp. NEW CASTLE (TIN: 25-1754513) 101 W. WASHINGTON STREET R.D. #3, Box #7-A, PO Box 5311 NEW CASTLE, PA 16101 New Castle, PA 16105 ---

Golden Hole Inc – 2002 STOCK OPTION PLAN (April 15th, 2002)

EXHIBIT 10.1 2002 STOCK OPTION PLAN IPEC HOLDINGS INC. 2002 STOCK OPTION PLAN 1. PURPOSE; EFFECTIVENESS OF THE PLAN. (a) The purpose of this Plan is to advance the interests of the Company and its stockholders by helping the Company obtain and retain the services of employees, officers, consultants, and directors, upon whose judgment, initiative and efforts the Company is substantially dependent, and to provide those persons with further incentives to advance the interests of the Company. (b) This Plan will become effective on the date of its adoption by the Board, provided the Plan is approved by the stockholders of the Company (excluding holders of s

Ipec Holdings Inc – PROMISSORY NOTE (April 15th, 2002)

EXHIBIT 10.3 January 11, 2001 Loan Documents with Sky Bank PROMISSORY NOTE Principal Loan Date Maturity Loan No. Call Collateral Account Officer Initials $1,900,000.00 07-01-2001 1100120394 210 455 205 References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Borrower: International Plastics and Lender: SKY BANK Equipment Corp. NEW CASTLE (TIN: 25-1754513) 101 E. WASHINGTON STREET PO Box 5311 NEW CASTLE, PA 16101 New Castle, PA 16105 -------------------------------------------------

Ipec Holdings Inc – SKY BANK PROMISSORY NOTE (April 15th, 2002)

EXHIBIT 10.4 February 25, 2002 Loan Documents with Sky Bank SKY BANK PROMISSORY NOTE Principal Loan Date Maturity Loan No. Call/Coll Account Officer Initials $1,150,000.00 08-15-2017 1300293039 205 References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "**" has been omitted due to text length limitations. Borrower: International Plastics and Lender: SKY BANK Equipemnt Corp. CORPORATE OFFICE (TIN: 25-1754513) 10 E. MAIN STREET PO Box 5311 PO BOX 247 New Castle, PA

Ipec Holdings Inc – PROMISSORY NOTE (April 15th, 2002)

EXHIBIT 10.1 December 23, 1998 Loan Documents with First Western Bank PROMISSORY NOTE Principal Loan Date Maturity Loan No. Call Collateral Account Officer Initials $1,350,000.00 1100021329 410 27 205 References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Borrower: International Plastics and Equipment Co Lender: FIRST WESTERN BANK, NATIONAL ASSOC R.D. #3, Box 7A COMMERCIAL LOAN DEPARTMENT PO Box 5311

Golden Hole Inc – SHARE EXCHANGE AGREEMENT BETWEEN GOLDEN HOLE, INC. (March 18th, 2002)

EXHIBIT 2.1 SHARE EXCHANGE AGREEMENT BETWEEN GOLDEN HOLE, INC. AND INTERNATIONAL PLASTICS AND EQUIPMENT CORP. DATED JANUARY 14, 2002 SHARE EXCHANGE AGREEMENT by and between GOLDEN HOLE, INC., A NEVADA CORPORATION and INTERNATIONAL PLASTICS AND EQUIPMENT CORP., A PENNSYLVANIA CORPORATION Dated as of January 14, 2002 TABLE OF CONTENTS PAGE THE SHARE EXCHANGE.........................................................................................4 1.1 THE SHARE EXCHANGE..

Golden Hole Inc – SHARE EXCHANGE AGREEMENT BETWEEN GOLDEN HOLE, INC. (March 15th, 2002)

EXHIBIT 2.1 SHARE EXCHANGE AGREEMENT BETWEEN GOLDEN HOLE, INC. AND INTERNATIONAL PLASTICS AND EQUIPMENT CORP. DATED JANUARY 14, 2002 SHARE EXCHANGE AGREEMENT by and between GOLDEN HOLE, INC., A NEVADA CORPORATION and INTERNATIONAL PLASTICS AND EQUIPMENT CORP., A PENNSYLVANIA CORPORATION Dated as of January 14, 2002 TABLE OF CONTENTS PAGE THE SHARE EXCHANGE.........................................................................................4 1.1 THE SHARE EXCHANGE..

Golden Hole Inc – SHARE EXCHANGE AGREEMENT BETWEEN GOLDEN HOLE, INC. (January 31st, 2002)

EXHIBIT 2.1 SHARE EXCHANGE AGREEMENT BETWEEN GOLDEN HOLE, INC. AND INTERNATIONAL PLASTICS AND EQUIPMENT CORP. DATED JANUARY 14, 2002 SHARE EXCHANGE AGREEMENT by and between GOLDEN HOLE, INC., A NEVADA CORPORATION and INTERNATIONAL PLASTICS AND EQUIPMENT CORP., A PENNSYLVANIA CORPORATION Dated as of January 14, 2002 TABLE OF CONTENTS PAGE THE SHARE EXCHANGE.........................................................................................4 1.1 THE SHARE EXCHANGE..