SECURITY AGREEMENT
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This Agreement, dated as of June 1, 2001, is made by XXXXX DIVERSIFIED
TECHNOLOGIES, INC., a California corporation (the "Grantor"), in favor of I-PAC
MANUFACTURING, INC., a California corporation ("Electronics"), and I-PAC
PRECISION MACHINING, INC., a California corporation ("Sheet Metal" and,
collectively with Electronics, the "Secured Party").
Recitals
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A. Electronics, Sheet Metal, the Grantor and National Manufacturing
Technologies, Inc., a California corporation ("NMTI"), have entered into an
----
Asset Purchase Agreement dated as of May 31, 2001 whereby the Grantor is
purchasing certain equipment, among other property, from Electronics and Sheet
Metal. In payment of the purchase price for such equipment, the Grantor
executed an Equipment Note (Electronics) dated May 31, 2001 in favor of
Electronics in the principal amount of $454,730.00 (the "Electronics Equipment
Note") and an Equipment Note (Sheet Metal) dated June 1, 2001 in favor of Sheet
Metal in the principal amount of $1,546,900.00 (the "Sheet Metal Equipment Note"
and, together with the Electronics Equipment Note, the "Notes").
B. Electronics and Sheet Metal have entered into a Workout Agreement dated
as of June 1, 2001 (the "Workout Agreement") with Celtic Capital Corporation, a
California corporation ("Celtic"), and certain other parties whereby Celtic has
permitted the sale of equipment from Electronics and Sheet Metal to Grantor upon
certain conditions, including, without limitation, the condition that the
Grantor grant the security interest contemplated by this Agreement and that the
Secured Party simultaneously assign this Agreement to Celtic. Accordingly, the
Grantor hereby agrees as set forth below.
SECTION 1. Grant of Security
. The Grantor hereby assigns and pledges to the Secured Party, and hereby
grants the Secured Party a security interest in, all of the Grantor's right,
title and interest in and to the following, whether now owned or hereafter
acquired and wherever located (the "Collateral"):
(a) the equipment described in Schedule 1, and all parts thereof and
accessions thereto (any and all such equipment, parts and accessions herein
called the "Equipment"); and
(b) all proceeds of the Equipment and, to the extent not otherwise
included, all payments under insurance (whether or not the Secured Party is the
loss payee thereof), or under any indemnity, warranty or guaranty, payable by
reason of loss or damage to or otherwise with respect to any of the Equipment.
SECTION 2. Security for Obligations
. This Agreement secures the payment of all obligations of the Grantor now
or hereafter existing under the Notes, whether for principal, interest, fees,
expenses or otherwise, and all obligations of the Grantor now or hereafter
existing under this Agreement (all such obligations of the Grantor herein called
the "Obligations").
SECTION 3. Representations and Warranties
. The Grantor represents and warrants to the Secured Party as set forth
below.
(a) The Grantor (i) is a corporation duly organized, validly existing
and in good standing under the laws of California, (ii) is duly qualified or
licensed as a foreign corporation, and is in good standing, in each other
jurisdiction in which it owns or leases property or in which the conduct of its
business requires it to so qualify or be licensed and (iii) has all requisite
power and authority to own or lease and operate its properties and to carry on
its business as now conducted and as proposed to be conducted.
(b) The execution, delivery and performance by the Grantor of this
Agreement and the Notes, and the consummation of the transactions contemplated
hereby and thereby, are within the Grantor's legal powers, have been duly
authorized by all necessary corporate action and do not (i) contravene the
Grantor's articles of incorporation or bylaws, (ii) violate any applicable law
or regulation, (iii) conflict with or result in the breach of, or constitute a
default under, any loan agreement, indenture, mortgage, deed of trust or lease,
or any other contract or instrument, binding on or affecting the Grantor or any
of its properties or (iv) result in, or require the creation or imposition of,
any lien upon or with respect to any of the properties of the Grantor, other
than in favor of the Secured Party as provided herein.
(c) This Agreement and the Notes have been duly executed and delivered
by the Grantor. This Agreement and the Notes are legal, valid and binding
obligations of the Grantor, enforceable against the Grantor in accordance with
their respective terms, except as the enforceability thereof may be limited by
bankruptcy, insolvency, moratorium, reorganization or other similar laws
affecting creditors' rights generally.
(d) All of the Equipment is located at the places specified in Schedule
1.
(e) The Grantor owns the Collateral free and clear of any lien,
security interest, charge or encumbrance, except for the security interest
created by this Agreement (which the Secured Party will assign to Celtic). No
effective financing statement or other instrument similar in effect covering all
or any part of the Collateral is on file in any recording office, except such as
shall be filed in favor of the Secured Party in connection with this Agreement
(which the Secured Party will assign to Celtic). The Grantor has no trade name.
(f) The Grantor has exclusive possession and control of the Equipment.
(g) This Agreement creates a valid and perfected first-priority
security interest in the Collateral in favor of the Secured Party, securing the
payment of the Obligations, and all filings and other actions necessary or
desirable to perfect and protect such security interest have been duly taken.
(h) No authorization, approval or other action by, or notice to or
filing with, any governmental authority or regulatory body is required (i) for
the grant by the Grantor of the security interest granted hereby, (ii) for the
execution, delivery or performance of this Agreement by the Grantor or (ii) for
the perfection of or the exercise by the Secured Party of its rights and
remedies hereunder.
SECTION 4. Further Assurances
.
(a) The Grantor agrees that from time to time, at its own expense, it
will promptly execute and deliver all further instruments and documents, and
take all further action, that may be necessary or desirable, or that the Secured
Party may reasonably request, in order to perfect and protect the security
interest granted or purported to be granted hereby or to enable the Secured
Party to exercise and enforce its rights and remedies hereunder with respect to
any Collateral. Without limiting the generality of the foregoing, the Grantor
will execute and file such financing or continuation statements, or amendments
thereto, and such other instruments or notices, as may be necessary or
desirable, or as the Secured Party may reasonably request, in order to perfect
and preserve the security interest granted or purported to be granted hereby.
(b) The Grantor hereby authorizes the Secured Party to file one or more
financing or continuation statements, and amendments thereto, relative to all or
any part of the Collateral without the signature of the Grantor where permitted
by law. A carbon, photographic or other reproduction of this Agreement or any
financing statement covering the Collateral or any part thereof shall be
sufficient as a financing statement where permitted by law.
(c) The Grantor will furnish to the Secured Party from time to time
statements and schedules further identifying and describing the Collateral and
such other reports in connection with the Collateral as the Secured Party may
reasonably request, all in reasonable detail.
SECTION 5. As to Equipment
.
(a) The Grantor will keep the Equipment at the place specified in
Section 3(d) or, upon 30 days' prior written notice to the Secured Party, at
such other places in jurisdictions where all action required by Section 4 has
been taken with respect to the Equipment.
(b) The Grantor will cause the Equipment to be maintained and preserved
in the same condition, repair and working order as when acquired, ordinary wear
and tear excepted, and in accordance with any manufacturer's manual, and will
forthwith, or in the case of any loss or damage to any of the Equipment as
quickly as practicable after the occurrence thereof, make or cause to be made
all repairs, replacements, and other improvements in connection therewith that
are necessary or desirable to such end. The Grantor will promptly furnish to
the Secured Party a statement respecting any loss or damage to any of the
Equipment.
(c) The Grantor will pay promptly when due all property and other
taxes, assessments and governmental charges or levies imposed upon, and all
claims (including, without limitation, claims for labor, materials and supplies)
against, the Equipment, except to the extent that the validity thereof is being
contested in good faith and by appropriate proceedings.
SECTION 6. Insurance
. The Grantor will at all times maintain, with financially sound and
reputable insurers, casualty insurance policies with respect to the Collateral
and the Grantor's other assets. All such insurance policies shall be in such
form, substance, amounts and coverage as may be satisfactory to the Secured
Party and shall provide for 30 days' prior written notice to the Secured Party
of cancellation or reduction of coverage. The Grantor hereby irrevocably
authorizes the Secured Party and any designee of the Secured Party to obtain
such insurance at the Grantor's expense and, upon the occurrence and during the
continuation of any Event of Default (as defined in Section 11(c)), to adjust or
settle any claim or other matter under or pursuant to such insurance or to amend
or cancel such insurance. The Grantor will deliver to the Secured Party
evidence of such insurance and a lender's loss-payable endorsement naming the
Secured Party and Celtic as loss payees as to all existing and future insurance
policies relating to the Collateral. The Grantor will deliver to the Secured
Party, in kind, all instruments representing proceeds of insurance received by
the Grantor. The Secured Party may apply any and all insurance proceeds
received at any time to the cost of repairs to or replacement of any portion of
the Collateral and/or, at the Secured Party's option, to the payment of or as
security for any of the Obligations, whether or not due, in any order or manner
as the Secured Party determines.
SECTION 7. Transfers and Other Liens
.
(a) The Grantor will not sell, assign (by operation of law or
otherwise) or otherwise dispose of any of the Collateral, except with the prior
written consent of the Secured Party, which consent may be granted or withheld
by the Secured Party in its sole and absolute discretion.
(b) The Grantor will not create or suffer to exist any lien, security
interest or other charge or encumbrance upon or with respect to any of the
Collateral to secure indebtedness of any person or entity, except for the
security interest created by this Agreement.
SECTION 8. Secured Party Appointed Attorney-in-Fact
. The Grantor hereby irrevocably appoints the Secured Party to be the
Grantor's attorney-in-fact, with full authority in the place and stead of the
Grantor and in the name of the Grantor or otherwise, from time to time in the
Secured Party's discretion, to take any action and to execute any instrument
that the Secured Party may deem necessary or advisable to accomplish the
purposes of this Agreement, including, without limitation:
(i) to obtain and adjust insurance required to be paid to the Secured
Party pursuant to Section 6;
(ii) to ask for, demand, collect, xxx for, recover, compromise, receive
and give acquittance and receipts for moneys due and to become due under or in
respect of any of the Collateral;
(iii) to receive, endorse, and collect any drafts or other instruments,
and any documents and chattel paper, in connection with clause (i) or (ii)
above, and
(iv) to file any claims, take any action or institute any proceedings
that the Secured Party may deem necessary or desirable for the collection of any
of the Collateral or otherwise to enforce the rights of the Secured Party with
respect to any of the Collateral.
SECTION 9. Secured Party May Perform
. If the Grantor fails to perform any agreement contained herein, the
Secured Party may itself perform, or cause performance of, such agreement, and
the expenses of the Secured Party incurred in connection therewith shall be
payable by the Grantor under Section 12(b).
SECTION 10. Secured Party's Duties
. The powers conferred on the Secured Party hereunder are solely to
protect its interest in the Collateral and shall not impose any duty upon it to
exercise any such powers. Except for the safe custody of any Collateral in its
possession and the accounting for moneys actually received by it hereunder, the
Secured Party shall have no duty as to any Collateral or as to the taking of any
necessary steps to preserve rights against prior parties or any other rights
pertaining to any Collateral.
SECTION 11. Remedies
. If any Event of Default (as defined in Section 11(c)) occurs and is
continuing:
(a) The Secured Party may exercise in respect of the Collateral, in
addition to other rights and remedies provided for herein or otherwise available
to it, all of the rights and remedies of a secured party on default under the
Uniform Commercial Code of California (the "Code") (whether or not the Code
----
applies to the affected Collateral) and may also (i) require the Grantor to, and
the Grantor hereby agrees that it will at its expense and upon request of the
Secured Party forthwith, assemble all or part of the Collateral as directed by
the Secured Party and make it available to the Secured Party at a place to be
designated by the Secured Party that is reasonably convenient to both parties
and (ii) without notice except as specified below, sell the Collateral or any
part thereof in one or more parcels at public or private sale, at any of the
Secured Party's offices or elsewhere, for cash, on credit or for future
delivery, and upon such other terms as the Secured Party may deem commercially
reasonable. The Grantor agrees that, to the extent notice of sale is required
by law, at least ten days' notice to the Grantor of the time and place of any
public sale or the time after which any private sale is to be made shall
constitute reasonable notification. The Secured Party shall not be obligated to
make any sale of Collateral regardless of notice of sale having been given. The
Secured Party may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefor, and such sale may, without
further notice, be made at the time and place to which it was so adjourned.
(b) All cash proceeds received by the Secured Party in respect of any
sale of, collection from, or other realization upon all or any part of the
Collateral may, in the discretion of the Secured Party, be held by the Secured
Party as collateral for, and/or then or at any time thereafter applied (after
payment of any amounts payable to the Secured Party pursuant to Section 12) in
whole or in part by the Secured Party against, all or any part of the
Obligations in such order as the Secured Party elects. Any surplus of such cash
or cash proceeds held by the Secured Party and remaining after payment in full
of the Obligations shall be paid over to the Grantor or to whoever may be
lawfully entitled to receive such surplus.
(c) As used herein, "Event of Default" means any of the following:
(i) the Grantor fails to make any payment of principal of or interest
on either Note when due;
(ii) the Grantor fails to perform any other material term, covenant or
agreement contained herein, in either Note, in any real-property lease to which
it is a party or in any other document executed by the Grantor as contemplated
by the Workout Agreement, in any case within 10 days after written notice
thereof from the Secured Party has been received by the Grantor;
(iii) the Grantor generally does not pay its debts as such debts become
due, admits in writing its inability to pay its debts generally or makes a
general assignment for the benefit of creditors; any proceeding is instituted by
or against the Grantor seeking to adjudicate it a bankrupt or insolvent, seeking
liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of any
order for relief or the appointment of a receiver, trustee, or other similar
official for it or for any substantial part of its property; or the Grantor
takes any corporate action to authorize any of the actions set forth above in
this subsection (iii); or
(iv) this Agreement for any reason ceases to create a valid and
perfected first-priority security interest in any material portion of the
Collateral purported to be covered hereby.
SECTION 12. Indemnity and Expenses
.
(a) The Grantor agrees to indemnify the Secured Party from and against
any and all claims, losses and liabilities growing out of or resulting from this
Agreement (including, without limitation, enforcement of this Agreement), except
claims, losses or liabilities resulting from the Secured Party's gross
negligence or willful misconduct.
(b) The Grantor will upon demand pay to the Secured Party the amount of
any and all reasonable expenses, including, without limitation, the reasonable
fees and disbursements of its counsel and of any experts and agents, that the
Secured Party may incur in connection with (i) the administration of this
Agreement, (ii) the custody, preservation, use or operation of, or the sale of,
collection from or other realization upon, any of the Collateral, (iii) the
exercise or enforcement of any of the rights of the Secured Party hereunder or
(iv) the failure by the Grantor to perform or observe any of the provisions
hereof.
SECTION 13. Amendments; Etc.
No amendment or waiver of any provision of this Agreement, or consent to
any departure by the Grantor herefrom, shall in any event be effective unless
the same is in writing and signed by the Secured Party, and then such waiver or
consent shall be effective only in the specific instance and for the specific
purpose for which given.
SECTION 14. Addresses for Notice
. All notices, demands and other communications provided for hereunder
shall be in writing and shall be mailed, telecopied or delivered, if to the
Grantor, to it at 00000 Xxxxxx Xxxx, Xxxxxx, Xxxxxxxxxx 00000, telecopier number
000-000-0000, to the attention of the Chief Executive Officer; if to the Secured
Party, to it at Xxxxxxxx Hill Lewin Rez & Xxxxx, 000 Xxxx X Xxxxxx, Xxxxx 0000,
Xxx Xxxxx, Xxxxxxxxxx 00000, telecopier number 619-233-4100, to the attention of
Xxxxx X. Xxxx; if to Celtic, to it at 0000 00xx Xxxxxx, Xxxxx 0000, Xxxxx
Xxxxxx, Xxxxxxxxxx 00000, telecopier number 000-000-0000, to the attention of
Xxxx Xxxxxx, President; or, as to any party, to it at such other address or
telecopier number as designated by such party in a written notice to the other
parties. All notices, demands and other communications hereunder shall, (a)
when mailed, be effective 3 business days after the same is deposited into the
mails with first-class postage prepaid, (b) when sent for next-day delivery by a
reputable freight company or reputable overnight courier service, be effective 1
business day after the same is delivered to such company or service, as the case
may be, and (c) when sent by telecopier, be effective on the opening of the next
business day after sending.
SECTION 15. Continuing Security Interest; Transfer of Notes
. This Agreement shall create a continuing security interest in the
Collateral and shall (a) remain in full force and effect until payment in full
of the Obligations, (b) be binding upon the Grantor, its successors and assigns
and (c) inure, together with the rights and remedies of the Secured Party
hereunder, to the benefit of the Secured Party and its respective successors,
transferees and assigns. Without limiting the generality of the foregoing
clause (c), the Secured Party may assign or otherwise transfer the Notes to any
other person or entity, and such other person or entity shall thereupon become
vested with all of the benefits in respect thereof granted to the Secured Party
herein or otherwise. Upon payment in full of the Obligations, the security
interest granted hereby shall terminate, and all rights to the Collateral shall
revert to the Grantor. Upon any such termination, the Secured Party will, at
the Grantor's expense, execute and deliver to the Grantor such documents as the
Grantor reasonably requests to evidence such termination.
SECTION 16. Governing Law; Terms
. This Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of California. Unless otherwise defined
herein, terms used in Division 9 of the Code are used herein as defined therein.
IN WITNESS WHEREOF, the Grantor has caused this Agreement to be duly
executed and delivered by its officer thereunto duly authorized, as of the date
first written above.
XXXXX DIVERSIFIED TECHNOLOGIES, INC.
By: /S/ Xxxx Xxxxxx
----------------
Name: Xxxx Xxxxxx
Title: Chief Executive Officer
SCHEDULE 1
to Security Agreement
EQUIPMENT
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Equipment Located at 0000 Xxxxxxxxx Xxxxx, Xxxxx, Xxxxxxxxxx
-------------------------------------------------------------------
Bleeker Brothers 12' Openside Spray Booth.
8' Openside Spary Booth.
De VilBiss 21' Openside Spray Booth.
Despatch 6' x 8' Gas Fired Oven.
S/N 85522
Induco 8' x 18' Dbl. Door Gas Fired Bake Oven.
S/N 6024
6' Stroke Sander.
Media Blast 3' x 4' Down Draft Deburr Table.
S/N 1887994
(17) Steel Pallet Shelving.
Xxxxxx Xxxxxx 14" Optical Comparator.
Craftsman Radial Arm Saw.
(2) Amada Mod. RG-10s, 100 Ton, 8
Amada Controls.
#121-B S/N 102333 (1983)
#122-A S/N 102515 (1984)
Cincinnati 10' x 175 Ton CNC Hyd. Press Brake,
Cincinnati Adaptive Auto. From CNC Control.
S/N 45463
(1983) Amada Mod. RG-25, 25 Ton CNC Press Brake,
Amada CNC Controls.
#121-C S/N 254833
(3) Amada Promecan Mod. RG-80, 6' x 80 Ton CNC
Press Brakes, CNC NC9-EX Controls.
#121-A S/N 806433 (1985)
#233-B S/N N/A
#125-A S/N N/A
(1979) Amada Mod. M-2560, 8' Power Squaring Shear.
#21 S/N 0000000
Panasonic Phone System, Bext Hybrid Server.
(1993) DiAcro Mod. QHA-3215, 4' x 15 Ton Adira
Autobend 7 Controls.
#125-C S/N 3434/6720
(1980) Amada Mod. RG-80, 80 Ton Brake, Dynabend 3.
S/N 804203
(1995) Prececo Mod. HD-42-72-G-2000-2-2RD,
Typhoon Vert. Power Washer.
S/N 95-255
TBI CNC Chucker.
(1984) Xxxxx Xxxxx XX 305050, 30 Ton, 58-Station, Thick
Turret, Fanuc 6M-V CNC Control.
S/N 55580
Cemco 2000, 36" x 20 HP Wide Belt Sander.
S/N N/A
(1983) Xxxxx Xxxx 344Q, 30 Ton Fab, 56-Station, Fanuc
6M-V CNC.
#32 S/N AH440130
Xxxx Mod. 618, Hyd. Surface Grinder.
#112 S/N 12364
(1984) Amada Mod. TEG160C, Bench Top Die Grinder.
S/N HD1460
(3) Xxxx Power Mod. TP2520IF2/AM, Siemans
Sinumerik Sys 3, CNC.
#34-A S/N 7.7-252035495 (1995)
Mod. TP2520IF2/21/AM
#34-B S/N 7.7-252036495 (1995)
Mod. TP3025IF2/21/AM
#33 S/N 7.7-30257693 (1993)
Comaca Power Corner Notcher.
Apex 16" Disc Sander.
Pem Serter Hardware Press.
3' Power Shear.
Linde Power Supply.
Boice Acra-Cora 2' x 3' CMM.
Teledyne 50 Spot Welder, Solid State.
Teledyne 75 KVA, 24" Solid State Spot Welder.
(1985) Xxxx Xxxxx Mod. QH-3015, 3' 15 Ton Press
Brake, Dynabend.
S/N 1547/3434
Whitney Punch.
Xxxxxxx 4- Post Vert Hyd. Press, 30" x 30" Xxxxxxx.
#43 S/N N/A
Smoke Master Port. Exhaust System.
(2) Whitney Kick Punches.
Sterebro Bruk 15" x 42" cc. Engine Lathe.
S/N 11758
Supermax 2 H.P. V.S. Vert. Mill w/ D.R.O.'s, 9" x 42"
P.F. Work Table.
#81 S/N 7642
Kondia Xxxxxxxx CNC V-Mill, 36" Delta 00 XXX.
#00 X/X x-000 (xxxx)
Xxxxx Xxxxxxx Mod. 618, Hyd. Surface Grinder.
S/N CH-2800-1A
DoAll Mod. 0000-X, Xxxx. Band Saw.
#102 S/N 147-61418
Xxxxx Miter Cold Saw Cut-Off Saw.
Rutland 9" Horiz. Band Saw.
S/N AF-52551
(1990) Cincinnati Robot w/ 2 Welding Positioner, (3)
Pana Star AE350 Artificial Intelligence & Power Supply,
PC Computer.
#181 S/N 8021C
Airco 130 Amp. Wire Welder.
4' x 6' Granite Surface Plate.
(2) Arc Welders.
Central 10" Table Saw.
Airco Wire Welder
Linde Power Supply.
Linde V1-400, Wire Welder.
(2) Xxxxxx 185 Amp. Arc Welders.
(2) Linde 250HF, Heli-Arc Welders.
Xxxxxx Syncro Wave 250 Heli-Arc Welder.
Esab SV1300 CVCC Boom Wire Welder.
50 KVA Spot Welder.
Xxxxxx Stud Welder.
Sciacky 100 KVA Spot Welder, 36" Throat, Unitrol.
S/N 10452
Xxxxx 45 KVA, 24" Spot Welder w/ Entron Controls.
#141 S/N N1317
Xxxxx 50 KVA, 24" Spot Welder w/ Entron Controls
#142 S/N R1221
Xxxxx 50 KVA, 24" Spot Welder.
#143 S/N R2137
(2) Grindmaster 36" Speed Belt Xxxxxxx w? Wet Dust
Collectors.
S/N TE-1290US
S/N TP-1608-02
G&P 10' Stroke Sander.
S/N N/A
(2) Xxxxxx Mod. HP6-C, 6 Ton Hardware Presses.
#161-B S/N 2308
#163-B S/N N/A
(3) Xxxxxx Mod. 618, 6 Ton Hardware Presses.
#162-B S/N 607
#N/A S/N 2206 w/ Feeder
#N/A S/N 2585 w/ Feeder
(2) Xxxxxx Mod. HP6-B, 6 Ton Hardware Presses w/
Feeders
#162-A S/N 1628
#163-A S/N N/A
2" Belt Xxxxxx.
Ultramatic Vibro Finishing Mill.
Big Xxx Elec. Pallet Lift.
S/N 333069
Xxxxx Xxxxxxxx Stand Up Elec. Pallet Lift.
Toyota 3500 Lb. L.P.G. Powered Forklift, 000" Xxxx.
X/X X/X
Xxxxxxx 0000 Xx. L.P.G. Forklift, 188" X.X. Xxxx.
S/N 177500A
Isuzu 16' Bobtail Truck.
Lic. #4P57727
21' Bobtail Truck.
Lic. # 5P64964
Brake Dies & Punches.
(3) Dbl. Bar Height Gages.
3x3 Granite Surface Plate.
(2) 2x3 Granite Surface Plates.
(2) Xxxxxx R/S 30, 20 H. Screw A.C.'s.
S/N 06E97005
S/N 06D97004
Forklift Man Cage.
(3) Hyd. Pallet Jacks.
(18) PC Computers.
(3) Asst. Laser & Inkjet Printers.
Sanyo TV w/ VCR.
(2) HP Fax 700, Fax Machines.
HP Laser 5N, Printer.
Canon 6230, Copier.
HP Laser Jet 4V, Printer.
HP Laser BP Printer.
Misc & Office Equipment.
Equipment Located at 0000 Xxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxxxxxx
---------------------------------------------------------------------
(1988) XxXxxxx-Xxxxxx Regal Servo
Shift 15" x 54" cc. Engine Lathe, 2-Axis D.R.O.
KDK Quick Change Tool Post, 3 & 4 Jaw Chucks,
Collet Closer, 6" Camlock Spindle Nose, Tailstock, Coolant.
S/N 14C-1133
Cadillac 17" x 35" Engine Lathe.
S/N 058310/A
(1990) Daewoo Puma 8' CNC Slant Bed
Turning Center w/ Fanuc Series 15T
Control w/ Color CRt Display, Spego
Turnamic Hyd. Bar Feed, Turbo Chip Conveyor,
3-Jaw Xxxxx, 12-Station Turret &
Hyd. Tailstock.
S/N 370494
(1988) Fadal Mod. VMC4020, 906-1, CNC
Vert. Machining Center, CNC 99 Control
W/ CRT Display, 22-Station A.T.C.,
20" x 40" Work Table, 40" x 20" x 20"
Travels & 10 H.P. Spindle Motor.
S/N 8802154
(2) (1997) Fadal Mod. VMC4020, 906-1 CNC
Vert. Machining Centers, 22-Station
A.T.C.'s 40" x 20" Work Tables, CNC 88HS
Contols.
S/N 9711728
S/N 9711697
(1993) Fadal Mod. VMC4020HT, 906-1 4-Axis CNC
Vert. Machining Center w/ CNC 88HS Xxxxxxx, XXX
Xxxxxx, 00- Xxxxxxx X.X.X., 00" x 20" Work Table.
S/N 9306404
(1992) Fadal Mod. VMC4020HT, 906-1, 4-Axis CNC
Vert. Machining Center w/ CNC88 Control, CRT
Display, 22-Station A.T.C., 40" x 20" Work Table.
S/N 9203997
Okuma Mod. LB10-M, CNC Horiz. Turning Center,
12-Station Turret Tool Changer, Hyd. Xxxxx,
OSP5000L-G CNC Control.
S/N 48992504
(1992) Do All Mod. C916M, 9" x 16" Cap. Horiz.
Band Saw, Pneu. Clamping, Power Feed Saw Head.
Cutting Speeds, Pneu. Clamping, Power
S/N 48992504
(2) Bridgeport 2 H.P. V.S., 2-Axis CNC
Vert. Milling Machines w/ Eztrak
SX CNC Controls w/ CRT Displays, 9" x 48"
Work Tables, Chrome Ways & Bijur
Lubrication Systems.
S/N 261448
S/N 261162
(2) (1988) Mori-Seiki Mod. SL-15, CNC
Slant Bed Turning Centers, Fanuc
Series 10T CNC Controls w/ CRT Displays,
6", 3-Jaw Chucks, 12-Station Turrests, Hyd. Tailstocks.
S/N 204
S/N 185
(2) Tsugami Mod. T-SPL, High Speed Chucking Lathes,
8-Station Turret, Travel Dials, Collet Closers, Coolants.
S/N 4132
S/N 3514
(1980) Hardinge Mod. HC, Precision Chucker,
8-Station Turret, Collet Closer , Coolant.
S/N HC5687T
(2) Acra Mill 2 H.P. Vert. Milling Machines w/ Sargon
2-Axis D.R.O.'s 9" x 42" Power Feed Tables, One
Shot Lubrication.
S/N 502980
S/N 502862
Rockwell 15" x 4-Station Gang Drill, Xxxxxxxxx
Multi Spindle Drill Head
S/N N/A
Rockwell Delta 20" V.S. Vert. Band Saw w/ Butt Weld.
S/N 1616328
Xxxxx Xxxxxxx Mod. HR612, 6" x 12" Manual Surface
Grinder, 6" x 12" Electromagnetic Xxxxx.
S/N 28696-HR
Combination 6" Belt/12" Disc Sander.
(3) Drill Presses.
Makita 35MM Chop Saw.
Baldor H.P. Dual Ped. Grinder.
Dual Wheel Grinder w/ Pedestal.
Oxy-Acetylene Torch Set.
Xxxxxxx Mod. 500, Aero Blast Abrasive
Blast Cabinet.
15' x 20' Steel Mezzanine.
MicroVu Mod. H14, 14: Optical Comparator w/
D.R.O.'s.
S?N 2530
J&L Meteorology 14" Optical Comparator w/ Side
Reflector.
Xxxxx & Xxxxxx Validator 2' Coordinate Measuring
Machine w/ PC Computer.
Misc. Shop Equipment.
Equipment Located at 0000 Xxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxx
---------------------------------------------------------------------
(2) Elco HR1 Mod. 0619840102, Load Crimp Presses.
S/N 542
S/n 818
Xxxxxxx Mod. 04600, Wire & Tubing Cutter.
S/N 118342
Amp Bench Top Crimp Press.
S/N 225795
Xxxxxxx Mod. 02600, Wire Stripper/Cutter w/
Xxxxxxx Mod. 6215, Electra Demand Prefeed.
S/N 67898
Xxxxxxx Mod. 03751, Bench Type Wire Stripper.
Ideal Mod. 440, Strip Master.
Hedco V- Former.
Lead Tester.
(2) Hako 250 Lead Soldering Stations.
Amp Mod. 23-106-1E, Camphor
Connector Machine.
S/N 107312
(2 Scienscope Binocular Microscopes.
Blue M Mod. OV12A, Oven.
X.X. XxXxxx Binocular Microscope.
PMGE Power Module Test Fixture.
Vacuum Degassing Pump.
Ledco Mod. 900, Crimp Press.
S/N 1414
I.R. 5 H.P. Horiz. Tank Mounted Air Compressor.
(22) Asst. Work Benches.
(39) P.C. Computers.
(2) Zebra Mod. 1055, Label Printers.
Toshiba Mod. 4550, Copier w/ Collator.
Tiptronics Mod. HD100, Hi-Pot Tester.
Cablescan Tester.
(3) Amp Mod. 565435-5C, Crimp Presses.
S/N 121473
S/N 118734
S/N 114073
Xxxx Mod. 1252, Crimp Press.
S/N B015
Molex Mod. TM40D, Crimp Press.
S/N 133
Molex Mod. OSCD1739, Bench Crimper Press.
S/N N/A
(2) Molex Mod. P4979A, Bench Crimp Presses.
S/N 1317
S/N 1894
Molex Mod. OSD1487, Bench Crimp Press.
S/N 3124
JST Mod. AP-K2N, Versatile Crimping Press.
S/N 0743
Amp. Connection Tester.
(1998) Jae Mod. CP210-16, Crimper.
S/N 98-2110
Xxxxxxxxx Mod. 49A, Bench Type Cut-Off Machine.
Ackergould Mod. EM-8, Bench Type Hot Platen Press.
S.N 821087
(2) IPC Mod. TTM-HS2, Vert Rotary
Injection Molders w/ Athena Controls.
S/N 10059
S/N 10003
Xxxxxxx Mod. 03230, Wire Stripper/Xxxxxx
Degristi Degreaser.
Xxxxxx Lead Trimmer.
"Q" Leadomatic Mod. 90003, Lead Cutter.
Air Vac Mod. PCBRM10, Furnace.
Xxxxxx Mod. 205704, Wave Solderer Machine,
Flux Reagent.
S/N AT11554
Fig Mod. ERS-280, White Oven.
S/N N/A
Custom Scanner.
Custom Test Unit.
Electrovert Mod. 1020, Aqua-Flo
System 10, Wave Soldered Machine, Flux Reagent.
S/N 09402
Xxxxxx Mod. Polyclean, Aqueous Auto. Washer.
S/N PC7466
(4) Mantis Vision Enc. Inspection Scopes.
(14) 8" PC Boars Assembly Racks.
(10) Soldering Stations.
(2) Desoldering Stations.
VM Binocular Inspection Microscope.
(22) Magnifying Lamps.
Grieve Mod. 333, Elec. 350 Degrees
Fahrenheit Oven, 3'x 3' Chamber.
S/N 310050
Craft Inspection Microscope w/ (2) Sony CCTV
Cameras & Monitor.
Lead Forming / Cutting machine Consisting of:
Xxxxxx Mod. EIOU Leadmaster S/N C7915; (2)
Xxxxxx Bench Top Leadmasters; Hepco Mod. 15201,
Lead cutter; Hystrekfab Mod. 10, Former.
Eclipse Mod. 3500, 24" x 19" Screen
Print Machine.
Dehaart Mod. AOL-15E, Screen Print Machine
S/N 884
(1998) BTU International Mod. VIP70A,
10-Zone Belt Furnace.
S/N BGTU1270
(1996) Mydata Mod. TP11-UFP, Hydra
Speed Mount Auto. Pick & Place
Machine w/ Feeders.
S/N 11195-19971030
SMT Mod. SL2220, Double Vision Semi-Auto
Screen Printer.
S/N N/S
(1994) Takaya Mod. APT-8400, Screen Printer
S/N 94030055
(2) Scanoptics Hi-Speed Scanners.
Alpha Metals Mod. 600SMD, 18" x 18"
Microprocessor Controlled Ionic
Contamination Test System.
S/N 606099
Custom Test Unit w/ (2) Oscilloscopes.
TEK Mod. 475, Oscilloscope.
(2) Flammable Cabinets.
H.P. Mod. 3070, Series II Scanner w/ PC Computer
Xxxxxx Xxxxxx 14" Optical Comparator.
(3) Hyd. Pallet jacks.
Xxxxxxx Mod. 20R30TT, 3000 Lb. Cap.
Reach Truck.
S/N P20-79-14875
Trade Show Exhibit (12 Crates)
I.R. 30 H.P. Screw Type Air Compressor w/ Air Dryer.
(121) Pallet Shelving
Xxxxxx Mod. 940, Stripper.
Leoco Mod. 900, Wire Stripper.
Schleuniger US2015, Wire Stripper.
Unitron Binocular Microscope ZSM 0.6X-3X.
S/N 852794
(2) Leader LBO-526, Oscilloscopes.
Tek T922, Oscilloscope.
(2) AC Units.
(220) SMT Feeders.
XXX Xxxxxxxx 0000XX, Xxxxxxx Belt Furnace.
S/N IR5S129382-041
1990 Fuji FGU II 4000, Glue station
(2) (1991) Thermodynamic Mod. 2409, XXX Xxxxxxxx.
X/X 0000
X/X 0000
Xxxxx Xxxxxxxxx Degreaser.
S/N 60168
Atlas Mod. APG8651, Generator.
American Mod. L445AA, Elec. Motor Generator.
Century Mod. 603, Compressor.
Transparent Devices Inc. Mod. 1140, Developer.
(1997) Dodge Van.
Lic. # SE3195
S/N 119870
(45) PC Computers.
(9) Laser & Ink Jet Printers.
HP Laser Jet 4SI Printer
HP Laser Jet 4000, Laser Printer.
Toshiba Fax Machine
Xerox Fax Machine
(2) Ricoh Mod. FT6655, Copiers.
Brother Fax Machine.
Computer Netwoek w/ (3) Servers, Hub, Etc.
JVC TV & VCR.
Toshiba 21" TV.
Canon Fax machine
Misc. Shop & Office Equipment.
