ASSET PURCHASE AGREEMENT by and among LZR ELECTRONICS, INC. (Seller) SHIMON ELIEZER AND RAMI LOYA (Shareholders of Seller)Asset Purchase Agreement • December 15th, 1998 • Ault Inc • Electronic components, nec • Maryland
ARTICLE I DEFINITIONSAsset Purchase Agreement • July 31st, 2002 • Ault Inc • Electronic components, nec • Minnesota
THIRD AMENDMENT TO FINANCING AGREEMENTFinancing Agreement • November 22nd, 1996 • Ault Inc • Electronic components, nec • Minnesota
ARTICLE II REGISTRATION RIGHTSRegistration Rights Agreement • July 31st, 2002 • Ault Inc • Electronic components, nec • Minnesota
EXHIBIT 10(h) AMENDED AND RESTATED LETTER LOAN AGREEMENT June 2, 1999 Ault Incorporated 7300 Boone Ave. N. Minneapolis, MN 55428 Attn: Frederick M. Green RE: $4,000,000 Line of Credit and $3,200,000 Advancing Term Loan Dear Mr. Green: Reference is...Letter Loan Agreement • August 26th, 1999 • Ault Inc • Electronic components, nec • Minnesota
AGREEMENT AND PLAN OF MERGER By and Among AULT INCORPORATED SL INDUSTRIES, INC. and LAKERS ACQUISITION CORP. Dated as of December 16, 2005Merger Agreement • December 22nd, 2005 • Ault Inc • Electronic components, nec • Minnesota
This Agreement and Plan of Merger (this “Agreement”) is made and entered into as of December 16, 2005, by and among Ault Incorporated, a Minnesota corporation (the “Company”), SL Industries, Inc., a New Jersey corporation (“Purchaser”), and Lakers Acquisition Corp., a Minnesota corporation and wholly owned subsidiary of Purchaser (“Merger Sub”).
Form of Underwriters' Warrant WARRANT TO PURCHASE SHARES OF COMMON STOCK Company: Ault Incorporated, a Minnesota corporation (the "Company"), and any corporation that shall succeed to the obligations of the Company under this Warrant. Number of...Underwriters' Warrant • November 22nd, 1996 • Ault Inc • Electronic components, nec
JOHN R. HOUSTON (612) 371-3279 February 28, 1996 Board of Directors Ault Incorporated 7300 Boone Avenue North Minneapolis, Minnesota 55428 Gentlemen: Reference is made to the Rights Agreement dated as of February 13, 1996 between Ault Incorporated...Rights Agreement • February 29th, 1996 • Ault Inc • Electronic components, nec
THIRD AMENDMENT TO LETTER LOAN AGREEMENT This THIRD AMENDMENT TO LETTER LOAN AGREEMENT (this "Amendment"), made and entered into as of November 27, 1998, is by and between Ault Incorporated, a corporation organized under the laws of the State of...Letter Loan Agreement • January 13th, 1999 • Ault Inc • Electronic components, nec • Minnesota
1,800,000 Shares* AULT INCORPORATED Common Shares UNDERWRITING AGREEMENTUnderwriting Agreement • November 22nd, 1996 • Ault Inc • Electronic components, nec • Minnesota
DESIGN/BUILD COST PLUS CONSTRUCTION CONTRACT for AULT INCORPORATEDDesign/Build Cost Plus Construction Contract • August 26th, 1999 • Ault Inc • Electronic components, nec • Minnesota
AMENDMENT TO RIGHTS AGREEMENTRights Agreement • December 22nd, 2005 • Ault Inc • Electronic components, nec • Minnesota
This AMENDMENT (this “Amendment”) is being entered into as of December 16, 2005 between Ault Incorporated, a Minnesota corporation (the “Company”), and Wells Fargo Bank, N.A. a National Association (formerly Norwest Bank Minnesota, N.A., a National Association) as rights agent (the “Rights Agent”).
RESIGNATIONResignation Agreement • December 23rd, 2005 • Ault Inc • Electronic components, nec
Pacioli Companies 200 South Sixth Street, Suite 760 Minneapolis, MN 55402-1410 Phone 612-333-9900 Fax 612-333-9979Billing Agreement • August 2nd, 2005 • Ault Inc • Electronic components, nec
STOCK OPTION AGREEMENTStock Option Agreement • December 22nd, 2005 • Ault Inc • Electronic components, nec • Minnesota
This Stock Option Agreement, is dated as of December 16, 2005, and entered into by and among SL Industries, Inc., a New Jersey corporation (“Purchaser”), Lakers Acquisition Corp., a Minnesota corporation and a wholly-owned subsidiary of Purchaser (“Merger Sub”), and Ault Incorporated, a Minnesota corporation (the “Company”).
THIRD AMENDMENT TO CREDIT AND SECURITY AGREEMENT AND WAIVER OF DEFAULTSCredit and Security Agreement • April 15th, 2005 • Ault Inc • Electronic components, nec
This THIRD AMENDMENT TO CREDIT AND SECURITY AGREEMENT, dated as of January 10, 2005, is made by and between AULT INCORPORATED, a Minnesota corporation (the “Borrower”), and WELLS FARGO BUSINESS CREDIT, INC., a Minnesota corporation (the “Lender”).
ContractSale Agreement • August 24th, 2005 • Ault Inc • Electronic components, nec
On May 20, 2005, the Company completed the sale of its wholly owned subsidiary, Ault Korea Corp. (“Ault Korea”), to JEC Korea Co., Ltd. (“JEC”) for $3.8 million. The transaction results in a book loss of approximately $2,400,000. The agreement includes the receipt of $1.5 million in cash and $2.3 million in a secured note. The sale includes all assets and liabilities of Ault Korea Corporation and the use of the “Ault Korea” name in Korea for a period of three years. Ault Korea includes the property in Seoul, South Korea and approximately 110 employees.
LEASELease • June 2nd, 2005 • Ault Inc • Electronic components, nec • Minnesota
THIS LEASE (“Lease”) is made as of May 27, 2005 between DANE INDUSTRIES, INC., a Minnesota corporation (“Landlord”), and AULT INCORPORATED, a Minnesota corporation (“Tenant”).
Page 11 Exhibit A to First Amendment to Letter Loan Agreement NEW REVOLVING NOTELoan Agreement • January 14th, 1998 • Ault Inc • Electronic components, nec • Minnesota
SHAREHOLDERS AGREEMENTShareholders Agreement • December 22nd, 2005 • Ault Inc • Electronic components, nec • Minnesota
This Shareholders Agreement (this “Agreement”), is entered into as of December 16, 2005, by and between SL Industries, Inc., a New Jersey corporation (“Purchaser”), and Lakers Acquisition Corp., a Minnesota corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), on the one hand, and each of the shareholders of Ault Incorporated, a Minnesota corporation (the “Company”) set forth on Schedule 1 hereto (each a “Shareholder” and collectively, the “Shareholders”), on the other hand. Capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Merger Agreement (as defined below).
1,800,000 Shares* AULT INCORPORATED Common Shares (No Par Value Per Share) AGREEMENT AMONG UNDERWRITERSUnderwriting Agreement • November 22nd, 1996 • Ault Inc • Electronic components, nec • Minnesota
