Ipec Holdings Inc Sample Contracts

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EXHIBIT 10.6
Consulting Agreement • April 15th, 2002 • Ipec Holdings Inc • Blank checks • Pennsylvania
EXHIBIT 1
Consulting Agreement • April 15th, 2002 • Ipec Holdings Inc • Blank checks • Pennsylvania
Between CRICIPECPA LP as Lessor and
Lease Agreement • August 13th, 2004 • Ipec Holdings Inc • Metal forgings & stampings
EXHIBIT 10.5
Convertible Preferred Stock Purchase Agreement • April 15th, 2002 • Ipec Holdings Inc • Blank checks • Pennsylvania
GUARANTY
Guaranty • August 13th, 2004 • Ipec Holdings Inc • Metal forgings & stampings • Alabama
REVOLVING CREDIT AND TERM LOAN AGREEMENT
Revolving Credit and Term Loan Agreement • February 25th, 2005 • Ipec Holdings Inc • Metal forgings & stampings • Pennsylvania

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

REVOLVING CREDIT NOTE
Ipec Holdings Inc • February 25th, 2005 • Metal forgings & stampings

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

Contract
Ipec Holdings Inc • October 28th, 2004 • Metal forgings & stampings

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 written confirmation to elect such renewal is received within thirty (30) days before the expiration of the Initial Term. This Agreement may be terminated at any time by either MCP or IPEC upon thirty (30) days written notice. Investor Relations Services MCP agrees to provide IPEC the following Investor Relations Services:

TERM NOTE
Ipec Holdings Inc • February 25th, 2005 • Metal forgings & stampings

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

SECURITY AGREEMENT
Security Agreement • February 25th, 2005 • Ipec Holdings Inc • Metal forgings & stampings • Pennsylvania

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”);

GUARANTY AND SURETYSHIP AGREEMENT
Guaranty and Suretyship Agreement • February 25th, 2005 • Ipec Holdings Inc • Metal forgings & stampings • Pennsylvania

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. NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE 2002 STOCK OPTION PLAN
Non-Qualified Stock Option Agreement • November 15th, 2004 • Ipec Holdings Inc • Metal forgings & stampings • Nevada
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...
Ipec Holdings Inc • August 13th, 2004 • Metal forgings & stampings

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 Agreement) made by or on behalf of Bank under the Reimbursement Agreement and the Letter of Credit (as defined in the Reimbursement Agreement). Borrower hereby further promises to pay to the order of Bank interest on any unpaid principal amount of this Note from time to time outstanding at the rate or rates p

IPEC HOLDINGS INC. INCENTIVE STOCK OPTION AGREEMENT UNDER THE 2002 STOCK OPTION PLAN
Incentive Stock Option Agreement • November 15th, 2004 • Ipec Holdings Inc • Metal forgings & stampings • Nevada
EXHIBIT 10.7
Payment and Severance Agreement and Guarantee • April 15th, 2002 • Ipec Holdings Inc • Blank checks • Pennsylvania
ARTICLE I DEFINITIONS
Letter of Credit and Reimbursement Agreement • August 13th, 2004 • Ipec Holdings Inc • Metal forgings & stampings • Pennsylvania
MULTI-DRAW TERM NOTE
Ipec Holdings Inc • February 25th, 2005 • Metal forgings & stampings

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

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