ASSET PURCHASE AGREEMENTAsset Purchase Agreement • June 1st, 2012 • Precision Aerospace Components, Inc. • Wholesale-hardware • Pennsylvania
This Asset Purchase Agreement (this “Agreement”), dated as of the ___ day of May, 2012, is entered into by and among FASTENER DISTRIBUTION AND MARKETING COMPANY, INC., a Delaware corporation with an address located at 351 Camer Drive Bensalem, PA 19020 (“FD&M”), AERO-MISSILE COMPONENTS, INC., a Pennsylvania corporation with an address located at 351 Camer Drive Bensalem, PA 19020 (“Aero”), CREATIVE ASSEMBLY SYSTEMS, INC., an Ohio corporation with an address located at 6002 Groveport Road, Groverport, Ohio (“CAS,” and together with FD&M and Aero, each a “Seller” and, collectively, the “Sellers”), PRECISION AEROSPACE COMPONENTS, INC., a Delaware corporation with an address located at 2200 Arthur Kill Road, Staten Island, New York 10309 (“Buyer Parent”), APACE ACQUISITION I, INC., a Delaware corporation with an address located at 2200 Arthur Kill Road, Staten Island, New York 10309 (“Sub 1”), and APACE ACQUISITION II, INC., a Delaware corporation with an address located at 2200 Arthur Kil
LOAN AND SECURITY AGREEMENT by and between PRECISION AEROSPACE COMPONENTS, INC., as Parent and an Obligor FREUNDLICH SUPPLY COMPANY, INC. TIGER-TIGHT CORP. APACE ACQUISITION I, INC. APACE ACQUISITION II, INC., as Borrowers, NEWSTAR BUSINESS CREDIT,...Loan and Security Agreement • June 1st, 2012 • Precision Aerospace Components, Inc. • Wholesale-hardware • Texas
This Loan and Security Agreement is executed and entered into as of May 25, 2012, among PRECISION AEROSPACE COMPONENTS, INC., a Delaware corporation (“Parent”), FREUNDLICH SUPPLY COMPANY, INC., a Delaware corporation, TIGER-TIGHT CORP., a Delaware corporation, APACE ACQUISITION I, INC., a Delaware corporation and APACE ACQUISITION II, INC., a Delaware corporation (each a “Borrower” and together with Parent, each an “Obligor” and collectively “Obligors”), the lenders from time to time party to this Agreement (together with their respective successors and permitted assigns, each individually a “Lender” and collectively the “Lenders”) and NEWSTAR BUSINESS CREDIT, LLC, a Delaware limited liability company, as administrative agent (in such capacity, the “Administrative Agent”).
