EXHIBIT 10.11 STOCK PURCHASE AGREEMENTStock Purchase Agreement • June 10th, 2005 • Sunair Electronics Inc • Radio & tv broadcasting & communications equipment • Florida
EXHIBIT 10.12 EMPLOYMENT AGREEMENT This Employment Agreement (the "Agreement"), is entered into as of June 7, 2005, by and between Gregory Clendenin, residing at 1271 Spring Lake Drive, Orlando, Florida 32804 ("Employee"), and Sunair Southeast Pest...Employment Agreement • June 10th, 2005 • Sunair Electronics Inc • Radio & tv broadcasting & communications equipment • Florida
CREDIT AGREEMENT among SUNAIR ELECTRONICS, INC. as Borrower, ITS DOMESTIC SUBSIDIARIES FROM TIME TO TIME PARTIES HERETO, as Guarantors, THE LENDERS PARTIES HERETO, and WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent Dated as of June 7, 2005Credit Agreement • June 10th, 2005 • Sunair Electronics Inc • Radio & tv broadcasting & communications equipment • North Carolina
The Applicable Percentage shall, in each case, be determined and adjusted quarterly on the date three (3) Business Days after the date on which the Administrative Agent has received from the Borrower the quarterly financial information and certifications required to be delivered to the Administrative Agent and the Lenders in accordance with the provisions of Sections 5.1(a), 5.1(b) and 5.2(b) (each an “Interest Determination Date”). Such Applicable Percentage shall be effective from such Interest Determination Date until the next such Interest Determination Date. After the Closing Date, if the Borrower shall fail to provide the financial information and certifications in accordance with the provisions of Sections 5.1(a), 5.1(b) and 5.2(b) or an Event of Default shall have occurred and be continuing, the Applicable Percentage shall, on the date three (3) Business Days after the date by which the Borrower was so required to provide such financial information and certifications to the Adm
