ASSET PURCHASE AGREEMENTAsset Purchase Agreement • December 23rd, 2010 • Iec Electronics Corp • Printed circuit boards • Delaware
This Asset Purchase Agreement (this “Agreement”), dated as of December 17, 2010, is entered into among SOUTHERN CALIFORNIA BRAIDING CO., INC., a California corporation (“Seller”), LEO P. McINTYRE, TRUSTEE OF THE EXEMPTION TRUST CREATED UNDER THE McINTYRE FAMILY TRUST DATED OCTOBER 4, 1993 AS AMENDED AND RESTATED IN ITS ENTIRETY DATED JULY 12, 2005 (“Exemption Trust”), LEO P. McINTYRE, TRUSTEE OF THE McINTYRE SURVIVOR’S TRUST, RESTATEMENT DATED JUNE 13, 2006, CREATED UNDER THE McINTYRE FAMILY TRUST DATED OCTOBER 4, 1993 (“Survivor Trust”), CRAIG PFEFFERMAN (“Pfefferman”), an individual, and LEO P. McINTYRE (McIntyre”), an individual (with Exemption Trust, Survivor Trust, Pfefferman, and McIntyre individually and collectively called “Shareholders” for identification purposes, it being understood that McIntyre is not actually a stockholder of Seller) and CSCB, Inc., a Delaware corporation (“Buyer”).
THIRD AMENDED AND RESTATED CREDIT FACILITY AGREEMENTCredit Facility Agreement • December 23rd, 2010 • Iec Electronics Corp • Printed circuit boards • New York
This THIRD AMENDED AND RESTATED CREDIT FACILITY AGREEMENT (“Agreement”) is made as of December 17, 2010 by and among IEC ELECTRONICS CORP., a corporation formed under the laws of the State of Delaware (“Borrower”) and MANUFACTURERS AND TRADERS TRUST COMPANY (“Lender”), a New York banking corporation, with offices at 255 East Avenue, Rochester, New York 14604. This Agreement evidences in part obligations evidenced by, and amends and restates in its entirety the Second Amended and Restated Credit Facility Agreement made between the Borrower and Lender, dated July 30, 2010, as amended (“Prior Agreement”). All references to the Prior Agreement in any Loan Document made or delivered in connection with the Prior Agreement shall be deemed to be references to the Prior Agreement as amended and restated by this Agreement.
