<PAGE> 1
================================================================================
FORM 8-K/A
AMENDMENT NO. 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 12, 1996
Commission File No.: 0-14685
GENICOM CORPORATION
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C>
DELAWARE 51 - 0271821
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
14800 CONFERENCE CENTER DRIVE
SUITE 400, WESTFIELDS
CHANTILLY, VIRGINIA 22021 - 3806
(Address of principal executive offices) (Zip Code)
</TABLE>
Registrant's telephone number, including area code: (703) 802-9200
================================================================================
<PAGE> 2
GENICOM CORPORATION AND SUBSIDIARIES
FORM 8-K/A INDEX
AMENDMENT NO. 1
Item 5. Other Items
On January 12, 1996, the registrant executed an
agreement with a syndicate led by NationsBank
on $75 million in new credit facilities,
replacing a $35 million credit facility with
the CIT Group/Credit Finance, Inc. The
registrant used a portion of the additional
borrowings to retire in February the $36.4
million in outstanding 12.5% Senior
Subordinated Notes Due 1997. A copy of the
credit agreement is filed herewith as Exhibit
10.1, and the press release is filed herewith
as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
10.1 Credit agreement with Nationsbank dated January 12, 1996
99.1 Press release dated January 17, 1996, published by the
Registrant
Signatures 3
2
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GENICOM Corporation
-------------------
Registrant
Date: March 12, 1996
James C. Gale
-------------------
Signature
James C. Gale
Senior Vice President Finance
and Chief Financial Officer
(Mr. Gale is the Chief Financial
Officer and has been duly
authorized to sign on behalf of
the Registrant)
3
<PAGE> 4
GENICOM CORPORATION AND SUBSIDIARIES
INDEX TO EXHIBITS TO FORM 8-K/A
AMENDMENT NO. 1
JANUARY 12, 1996
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION PAGE
- ----------------- ---------------------------------------------------- ------------
<S> <C> <C>
10.1 Credit agreement with Nationsbank, dated January 12, E-1 - E-341
1996
99.1 Press release dated January 17, 1996, published by E-342 - E-343
the Registrant.
</TABLE>
4
<PAGE> 1
[EXECUTION COPY]
CREDIT AGREEMENT
Dated as of January 12, 1996
among
GENICOM CORPORATION,
as Borrower,
THE SUBSIDIARIES OF THE BORROWER
FROM TIME TO TIME PARTY HERETO,
as Guarantors,
THE SEVERAL LENDERS
FROM TIME TO TIME PARTY HERETO
AND
NATIONSBANK OF TEXAS, N.A.,
as Agent
- 1 -
E-1
<PAGE> 2
TABLE OF CONTENTS
<TABLE>
<S> <C> <C>
SECTION 1 DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.1 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.2 Computation of Time Periods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
1.3 Accounting Terms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
SECTION 2 CREDIT FACILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
2.1 Revolving Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
2.2 Letter of Credit Subfacility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
2.3 Swingline Loan Subfacility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
2.4 Foreign Currency Loan Subfacility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
2.5 Tranche A Term Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
2.6 Tranche B Term Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
SECTION 3 OTHER PROVISIONS RELATING TO CREDIT FACILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
3.1 Default Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
3.2 Extension and Conversion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
3.3 Prepayments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
3.4 Termination and Reduction of Committed Amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
3.5 Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
3.6 Eurocurrency Reserve Compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
3.7 Capital Adequacy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
3.8 Unavailability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
3.9 Illegality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
3.10 Requirements of Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
3.11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
3.12 Indemnity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
3.13 Pro Rata Treatment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
3.14 Sharing of Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
3.15 Payments, Computations, Etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
3.16 Evidence of Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
SECTION 4 GUARANTY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
4.1 The Guarantee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
4.2 Obligations Unconditional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
4.3 Reinstatement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
4.4 Certain Additional Waivers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
4.5 Remedies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
4.6 Rights of Contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
4.7 Continuing Guarantee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
SECTION 5 CONDITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
5.1 Closing Conditions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
5.2 Conditions to Initial Extensions of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
5.3 Conditions to all Extensions of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
SECTION 6 REPRESENTATIONS AND WARRANTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73
6.1 Financial Condition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73
6.2 No Change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
6.3 Organization; Existence; Compliance with Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
</TABLE>
- i -
E-2
<PAGE> 3
<TABLE>
<S> <C> <C>
6.4 Power; Authorization; Enforceable Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
6.5 No Legal Bar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
6.6 No Material Litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
6.7 No Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
6.8 Ownership of Property; Liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
6.9 Intellectual Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
6.10 No Burdensome Restrictions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
6.11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
6.12 ERISA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77
6.13 Governmental Regulations, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78
6.14 Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
6.15 Purpose of Loans and Letters of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
6.16 Environmental Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
SECTION 7 AFFIRMATIVE COVENANTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
7.1 Information Covenants. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
7.2 Preservation of Existence and Franchises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85
7.3 Books and Records . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85
7.4 Compliance with Law . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85
7.5 Payment of Taxes and Other Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85
7.6 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
7.7 Maintenance of Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
7.8 Performance of Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
7.9 Use of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
7.10 Audits/Inspections . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
7.11 Financial Covenants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
7.12 Additional Credit Parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88
7.13 Pledged Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
7.14 Interest Rate Protection Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
7.15 Ownership of Subsidiaries; Domestic Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
7.16 Payment of Subordinated Notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
7.17 Further Assurances Regarding Real Property Collateral . . . . . . . . . . . . . . . . . . . . . . . . 90
SECTION 8 NEGATIVE COVENANTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
8.1 Indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
8.2 Liens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93
8.3 Nature of Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93
8.4 Consolidation, Merger, Sale or Purchase of Assets, etc . . . . . . . . . . . . . . . . . . . . . . . 93
8.5 Advances, Investments, Loans, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95
8.6 Restricted Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96
8.7 Prepayments of Indebtedness, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96
8.8 Transactions with Affiliates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96
8.9 Fiscal Year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
8.10 Limitation on Restrictions on Subsidiary Dividends and Other Distributions, etc . . . . . . . . . . . 97
8.11 Issuance and Sale of Subsidiary Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
8.12 Sale Leasebacks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
8.13 No Further Negative Pledges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
8.14 Operating Lease Obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
</TABLE>
- ii -
E-3
<PAGE> 4
<TABLE>
<S> <C> <C>
SECTION 9 EVENTS OF DEFAULT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
9.1 Events of Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
9.2 Acceleration; Remedies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101
SECTION 10 AGENCY PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
10.1 Appointment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
10.2 Delegation of Duties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
10.3 Exculpatory Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
10.4 Reliance on Communications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103
10.5 Notice of Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103
10.6 Non-Reliance on Agent and Other Lenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104
10.7 Indemnification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104
10.8 Agent in its Individual Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
10.9 Successor Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
SECTION 11 MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
11.1 Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
11.2 Right of Set-Off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
11.3 Benefit of Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107
11.4 No Waiver; Remedies Cumulative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110
11.5 Payment of Expenses, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 110
11.6 Amendments, Waivers and Consents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111
11.7 Counterparts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112
11.8 Headings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112
11.9 Survival . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112
11.10 Governing Law; Submission to Jurisdiction; Venue . . . . . . . . . . . . . . . . . . . . . . . . . . 112
11.11 Severability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
11.12 Entirety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
11.13 Binding Effect; Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
11.14 Judgment Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114
11.15 Confidentiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114
11.16 Source of Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
11.17 Conflict . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
</TABLE>
- iii -
E-4
<PAGE> 5
SCHEDULES
<TABLE>
<S> <C>
Schedule 1.1A Ogden Assets
Schedule 1.1B Investments
Schedule 1.1C Liens
Schedule 1.1D Form of Pledge Agreement
Schedule 1.1E Form of Security Agreement
Schedule 1.1F-1 Form of U.K. Security Agreement -
Genicom Corporation
Schedule 1.1F-2 Form of U.K. Security Agreement -
Genicom Ltd.
Schedule 2.1(a) Lenders, Commitments and Commitment Percentages
Schedule 2.1(b)(i) Form of Notice of Borrowing
Schedule 2.1(e) Form of Revolving Note
Schedule 2.3(d) Form of Swingline Note
Schedule 2.4(e) Form of Foreign Currency Note
Schedule 2.5(e) Form of Tranche A Term Note
Schedule 2.6(f) Form of Tranche B Term Note
Schedule 3.2 Form of Notice of Extension/Conversion
Schedule 5.1(m) Form of Legal Opinion of McGuire, Woods, Battle & Boothe
Schedule 5.1(n) Form of Opinion of Berwin Leighton
Schedule 6.4 Required Consents, Authorizations, Notices
and Filings
Schedule 6.6 Litigation
Schedule 6.12 ERISA
Schedule 6.14 Subsidiaries
Schedule 6.16 Environmental Disclosures
Schedule 7.1(c) Form of Officer's Compliance Certificate
Schedule 7.1(e) Form of Borrowing Base Certificate
Schedule 7.12 Form of Joinder Agreement
Schedule 7.17(a) Mortgage Properties
Schedule 8.1 Indebtedness
Schedule 8.8 Affiliate Transactions
Schedule 11.3 Form of Assignment and Acceptance
</TABLE>
- iv -
E-5
<PAGE> 6
CREDIT AGREEMENT
THIS CREDIT AGREEMENT dated as of January 12, 1996 (the "Credit
Agreement"), is by and among GENICOM CORPORATION, a Delaware corporation (the
"Borrower"), the subsidiaries of the Borrower identified on the signature pages
hereto and such other subsidiaries of the Borrower as may from time to time
become a party hereto (the "Guarantors"), the several lenders identified on the
signature pages hereto and such other lenders as may from time to time become a
party hereto (the "Lenders") and NATIONSBANK OF TEXAS, N.A., as agent for the
Lenders (in such capacity, the "Agent").
W I T N E S S E T H
WHEREAS, the Borrower has requested that the Lenders provide a
$75,000,000 credit facility for the purposes hereinafter set forth;
WHEREAS, the Lenders have agreed to make the requested credit facility
available to the Borrower on the terms and conditions hereinafter set forth;
NOW, THEREFORE, IN CONSIDERATION of the premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
SECTION 1
DEFINITIONS
1.1 Definitions. As used in this Credit Agreement, the following
terms shall have the meanings specified below unless the context otherwise
requires:
"Additional Credit Party" means each Person that becomes a
Guarantor after the Closing Date by execution of a Joinder Agreement.
"Affiliate" means, with respect to any Person, any other
Person (i) directly or indirectly controlling or controlled by or
under direct or indirect common control with such Person or (ii)
directly or indirectly owning or holding five percent (5%) or more of
the equity interest in such Person. For purposes of this definition,
"control" when used with respect to any Person means the power to
direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms
- 1 -
E-6
<PAGE> 7
"controlling" and "controlled" have meanings correlative to the
foregoing.
"Agent" shall have the meaning assigned to such term in the
heading hereof.
"Agent's Fee Letter" means that certain letter agreement,
dated as of November 20, 1995, between the Agent and the Borrower, as
amended, modified, supplemented or replaced from time to time.
"Agent's Fees" shall have the meaning assigned to such term
in Section 3.5(c).
"Alternative Assets" means, in connection with any proposed
Asset Disposition pursuant to the terms of Section 8.4(b)(iv), fixed
assets (whether new, additional or replacement assets but exclusive of
assets acquired in the course of regular upkeep and maintenance) which
are similar in nature or purpose to other assets owned or leased by
the Borrower and/or its Subsidiaries prior to or at the time of the
acquisition of such fixed assets and useful in the conduct of the
business of the Borrower and its Subsidiaries as permitted to be
conducted pursuant to Section 8.3.
"Applicable Percentage" means, for purposes of calculating the
applicable interest rate for any day for any Eurodollar Loan which is
a Revolving Loan, Tranche A Term Loan or Foreign Currency Loan or for
any Base Rate Loan which is a Revolving Loan or Tranche A Term Loan,
the applicable rate of the Unused Fees for any day for purposes of
Section 3.5(a) or the applicable rate of the Letter of Credit Fee for
any day for purposes of Section 3.5(b)(i), the appropriate applicable
percentage corresponding to the Consolidated Funded Debt Coverage
Ratio in effect as of the most recent Calculation Date:
<TABLE>
<S> <C> <C> <C> <C> <C>
Applicable
Percentage for
Eurodollar Applicable
Loans which are Percentage for
Revolving Loans, Base Rate Applicable
Consolidated Funded Tranche A Term Loans Loans which are Percentage for Applicable
Pricing Debt Coverage or Foreign Currency Revolving Loans or Letter of Credit Percentage for
Level Ratio Loans Tranche A Term Loans Fee Unused Fees
</TABLE>
- 2 -
E-7
<PAGE> 8
<TABLE>
<S> <C> <C> <C> <C> <C>
I Greater than or equal 2.50% 1.25% 2.50% 0.50%
to 3.00 to 1.00
II Greater than or equal 2.25% 1.00% 2.25% 0.50%
to 2.50 to 1.00 but
less than 3.00 to
1.00
III Greater than or equal 2.00% 0.75% 2.00% 0.375%
to 2.00 to 1.00 but
less than 2.50 to
1.00
IV Greater than or equal 1.75% 0.50% 1.75% 0.375%
to 1.50 to 1.00 but
less than 2.00 to
1.00
V Less than 1.50 to 1.50% 0.25% 1.50% 0.3125%
1.00
</TABLE>
Determination of the appropriate Applicable Percentages based on the
Consolidated Funded Debt Coverage Ratio shall be made for each
Calculation Date upon receipt by the Agent of the Required Financial
Information for such Calculation Date. The Consolidated Funded Debt
Coverage Ratio in effect as of a Calculation Date shall establish the
Applicable Percentages that shall be effective as of the date
designated by the Agent as the Applicable Percentage Change Date. The
Agent shall determine the Applicable Percentages as of each
Calculation Date and shall promptly notify the Borrower and the
Lenders of the Applicable Percentages so determined and of the
Applicable Percentage Change Date. Such determinations by the Agent
of the Applicable Percentages shall be conclusive absent demonstrable
error. The initial Applicable Percentages shall be based on Pricing
Level II until the first Applicable Percentage Change Date occurring
after the Closing Date.
"Applicable Percentage Change Date" means, with respect to any
Calculation Date, a date designated by the Agent that is not more than
five (5) Business Days after receipt by the Agent of the Required
Financial Information for such Calculation Date.
"Application Period" shall have the meaning assigned to such
term in Section 8.4(b)(iv).
"Asset Disposition" means any sale, lease, transfer or other
disposition (including any such transaction effected
- 3 -
E-8
<PAGE> 9
by way of merger, amalgamation or consolidation) by the Borrower or
any of its Subsidiaries subsequent to the Closing Date of any asset
(including stock in Subsidiaries), including without limitation any
sale leaseback transaction (whether or not involving a Capital Lease),
but excluding (a) the sale of inventory in the ordinary course of
business for fair consideration, (b) the sale or disposition of
machinery and equipment no longer used or useful in the conduct of
such Person's business, (c) the sale or other disposition of the Ogden
Assets in accordance with the terms of Section 8.4(b)(iii), and (d)
any Equity Transaction.
"Asset Disposition Prepayment Event" means, with respect to
any Asset Disposition made pursuant to the terms of Section
8.4(b)(iv), the failure of the Borrower to apply (or cause its
applicable Subsidiary to apply) an amount equal to the Net Proceeds of
such Asset Disposition to the purchase, acquisition or construction of
Alternative Assets during the Application Period for such Asset
Disposition.
"Available Foreign Currency" means (i) British Pounds
Sterling, French Francs, Deutsche Marks, Japanese Yen, Italian Lira
and Canadian Dollars and (ii) any other freely available currency
which is freely transferrable and freely convertible into Dollars and
in which dealings in deposits are carried on in the London interbank
market, which shall be requested by the Borrower and approved by each
Lender.
"Bankruptcy Code" means the Bankruptcy Code in Title 11 of the
United States Code, as amended, modified, succeeded or replaced from
time to time.
"Bankruptcy Event" means, with respect to any Person, the
occurrence of any of the following with respect to such Person: (i) a
court or governmental agency having jurisdiction in the premises shall
enter a decree or order for relief in respect of such Person in an
involuntary case under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect, or appointing a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar
official) of such Person or for any substantial part of its Property
or ordering the winding up or liquidation of its affairs; or (ii)
there shall be commenced against such Person an involuntary case under
any applicable bankruptcy, insolvency or other similar law now or
hereafter in effect, or any case, proceeding or other action for the
appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator (or similar official) of such Person or for any
substantial part of its Property or for the winding up or liquidation
of its affairs, and such involuntary case or other case, proceeding or
other action shall remain undismissed, undischarged or unbonded for a
period of sixty (60) consecutive days; or (iii) such Person shall
commence a voluntary case under any applicable bankruptcy, insolvency
- 4 -
E-9
<PAGE> 10
or other similar law now or hereafter in effect, or consent to the
entry of an order for relief in an involuntary case under any such
law, or consent to the appointment or taking possession by a receiver,
liquidator, assignee, custodian, trustee, sequestrator (or similar
official) of such Person or for any substantial part of its Property
or make any general assignment for the benefit of creditors; or (iv)
such Person shall be unable to, or shall admit in writing its
inability to, pay its debts generally as they become due.
"Base Rate" means, for any day, the rate per annum (rounded
upwards, if necessary, to the nearest whole multiple of 1/100 of 1%)
equal to the greater of (a) the Federal Funds Rate in effect on such
day plus 1/2 of 1% or (b) the Prime Rate in effect on such day. If for
any reason the Agent shall have determined (which determination shall
be conclusive absent manifest error) that it is unable after due
inquiry to ascertain the Federal Funds Rate for any reason, including
the inability or failure of the Agent to obtain sufficient quotations
in accordance with the terms hereof, the Base Rate shall be determined
without regard to clause (a) of the first sentence of this definition
until the circumstances giving rise to such inability no longer exist.
Any change in the Base Rate due to a change in the Prime Rate or the
Federal Funds Rate shall be effective on the effective date of such
change in the Prime Rate or the Federal Funds Rate, respectively.
"Base Rate Loan" means any Loan bearing interest at a rate
determined by reference to the Base Rate.
"Borrower" means the Person identified as such in the heading
hereof, together with any permitted successors and assigns.
"Borrower's Obligations" means, without duplication, (i) all
of the obligations of the Borrower to the Lenders (including the
Issuing Lender and the Swingline Lender) and the Agent, whenever
arising, under this Credit Agreement, the Notes or any of the other
Credit Documents and (ii) all liabilities and obligations, whenever
arising, owing from the Borrower to any Lender or any affiliate of a
Lender arising under interest rate protection agreements, foreign
currency exchange agreements, commodity purchase or option agreements
or other interest or exchange rate or commodity price hedging
agreements.
"Borrowing Base" means, as of any day, the sum of (a) 80% of
Eligible Receivables and (b) 40% of Eligible Inventory, in each case
as set forth in the most recent Borrowing Base Report delivered to the
Agent and the Lenders in accordance with the terms of Section 7.1(e);
provided,
- 5 -
E-10
<PAGE> 11
however, that the amount determined pursuant to clause (b) above shall
not exceed 50% of the total Borrowing Base.
"Business Day" means a day other than a Saturday, Sunday or
other day on which commercial banks in Dallas, Texas are authorized or
required by law to close, except that, (i) when used in connection
with a Eurodollar Loan, such day shall also be a day on which dealings
between banks are carried on in U.S. dollar deposits in London,
England and New York, New York and (ii) when used in connection with a
Foreign Currency Loan, such day shall also be a day on which dealings
in the applicable Available Foreign Currency are being carried on in
the interbank eurocurrency market.
"Calculation Date" means the last day of each fiscal quarter
of the Borrower.
"Capital Lease" means, as applied to any Person, any lease of
any Property (whether real, personal or mixed) by that Person as
lessee which, in accordance with GAAP is or should be accounted for as
a capital lease on the balance sheet of that Person.
"Cash Equivalents" means (a) securities issued or directly and
fully guaranteed or insured by the United States of America or any
agency or instrumentality thereof (provided that the full faith and
credit of the United States of America is pledged in support thereof)
having maturities of not more than twelve months from the date of
acquisition, (b) U.S. dollar denominated time deposits and
certificates of deposit of (i) any Lender or (ii) any domestic
commercial bank of recognized standing (y) having capital and surplus
in excess of $500,000,000 and (z) whose short-term commercial paper
rating from S&P is at least A-1 or the equivalent thereof or from
Moody's is at least P-1 or the equivalent thereof (any such bank being
an "Approved Lender"), in each case with maturities of not more than
270 days from the date of acquisition, (c) commercial paper and
variable or fixed rate notes issued by any Approved Lender (or by the
parent company thereof) and maturing within six months of the date of
acquisition, (d) repurchase agreements entered into by a Person with a
bank or trust company (including any of the Lenders) or recognized
securities dealer having capital and surplus in excess of $500,000,000
for direct obligations issued by or fully guaranteed by the United
States of America in which such Person shall have a perfected first
priority security interest (subject to no other Liens) and having, on
the date of purchase thereof, a fair market value of at least 100% of
the amount of the repurchase obligations, (e) obligations of any State
of the United States or any political subdivision thereof, the
interest with respect to which is exempt from federal income taxation
under Section 103 of the Code, having a long term rating of at least
Aa-3 or AA- by Moody's or S&P,
- 6 -
E-11
<PAGE> 12
respectively, and maturing within three years from the date of
acquisition thereof, (f) Investments in municipal auction preferred
stock (i) rated AAA (or the equivalent thereof) or better by S&P or
Aaa (or the equivalent thereof) or better by Moody's and (ii) with
dividends that reset at least once every 365 days and (g) Investments,
classified in accordance with GAAP as current assets, in money market
investment programs registered under the Investment Company Act of
1940, as amended, which are administered by reputable financial
institutions having capital of at least $100,000,000 and the
portfolios of which are limited to Investments of the character
described in the foregoing subdivisions (a), (b), (c), (e) and (f).
"Change of Control" means the occurrence of any of the
following events: (i) after the Closing Date, any Person or two or
more Persons acting in concert shall have acquired beneficial
ownership, directly or indirectly, of, or shall have acquired by
contract or otherwise, or shall have entered into a contract or
arrangement that, upon consummation, will result in its or their
acquisition of, control over, Voting Stock of the Borrower (or other
securities convertible into such Voting Stock) representing 25% or
more of the combined voting power of all Voting Stock of the Borrower,
or (ii) during any period of up to 24 consecutive months, commencing
after the Closing Date, individuals who at the beginning of such 24
month period were directors of the Borrower (together with any new
director whose election by the Borrower's Board of Directors or whose
nomination for election by the Borrower's shareholders was approved by
a vote of at least two-thirds of the directors then still in office
who either were directors at the beginning of such period or whose
election or nomination for election was previously so approved) cease
for any reason to constitute a majority of the directors of the
Borrower then in office. As used herein, "beneficial ownership" shall
have the meaning provided in Rule 13d-3 of the Securities and Exchange
Commission under the Securities Exchange Act of 1934.
"Closing Date" means the date hereof.
"Code" means the Internal Revenue Code of 1986, as amended,
and any successor thereto, as interpreted by the rules and regulations
issued thereunder, in each case as in effect from time to time.
References to sections of the Code shall be construed also to refer to
any successor sections.
"Collateral" means a collective reference to the collateral
which at any time will be covered by the Collateral Documents.
- 7 -
E-12
<PAGE> 13
"Collateral Documents" means a collective reference to the
Security Agreement, the Pledge Agreement, the Mortgage Instruments,
the U.K. Security Agreements and such other documents executed and
delivered in connection with the attachment and perfection of the
Agent's security interests and liens arising thereunder, including
without limitation, UCC financing statements.
"Commitment" means (i) with respect to each Lender, the
Revolving Commitment of such Lender, the Tranche A Term Loan
Commitment of such Lender and the Tranche B Term Loan Commitment of
such Lender, (ii) with respect to the Swingline Lender, the Swingline
Commitment and (iii) with respect to the Issuing Lender, the LOC
Commitment.
"Consolidated Capital Expenditures" means, for any period, all
capital expenditures (excluding acquisitions permitted by the terms of
Section 8.4(c)) of the Borrower and its Subsidiaries on a consolidated
basis for such period, as determined in accordance with GAAP.
"Consolidated Capitalization" means, at any time, the sum of
(i) Consolidated Net Worth at such time plus (ii) all Funded
Indebtedness of the Borrower and its Subsidiaries on a consolidated
basis at such time.
"Consolidated Cash Taxes" means, for any period, all cash
taxes of the Borrower and its Subsidiaries on a consolidated basis for
such period, as determined in accordance with GAAP.
"Consolidated Debt to Capitalization Ratio" means, as of any
Calculation Date, the ratio of (i) Funded Indebtedness of the Borrower
and its Subsidiaries on a consolidated basis as of such Calculation
Date, to (ii) Consolidated Capitalization as of such Calculation Date.
"Consolidated EBITDA" means, for any period, the sum of (i)
Consolidated Net Income for such period, plus (ii) an amount which, in
the determination of Consolidated Net Income for such period, has been
deducted for (A) Consolidated Interest Expense, (B) total federal,
state, local and foreign income, value added and similar taxes and (C)
depreciation and amortization expense, all as determined in accordance
with GAAP.
"Consolidated Fixed Charge Coverage Ratio" means, as of any
Calculation Date, the ratio of (i) Consolidated EBITDA for the
applicable period ending as of such Calculation Date minus
Consolidated Capital Expenditures for the applicable period ending as
of such Calculation Date, to (ii) Consolidated Interest Expense for
the applicable period ending as of such Calculation Date plus
Consolidated Scheduled Funded Indebtedness Payments for the applicable
- 8 -
E-13
<PAGE> 14
period ending as of such Calculation Date plus Restricted Payments by
the Borrower and its Subsidiaries on a consolidated basis for the
applicable period ending as of such Calculation Date.
"Consolidated Funded Debt Coverage Ratio" means, as of any
Calculation Date, the ratio of (i) Funded Indebtedness of the Borrower
and its Subsidiaries on a consolidated basis as of such Calculation
Date, to (ii) Consolidated EBITDA for the four-quarter period ended as
of such Calculation Date minus Consolidated Capital Expenditures for
the four-quarter period ended as of such Calculation Date.
"Consolidated Intangible Assets" means, at any time, all
assets of the Borrower and its Subsidiaries on a consolidated basis at
such time consisting of goodwill, patents, tradenames, trademarks,
copyrights, franchises, experimental expense, organization expense,
unamortized debt discount and expense, non-current deferred assets and
such other assets of the Borrower and its Subsidiaries which, in
accordance with GAAP, would be classified as "intangible assets."
"Consolidated Interest Expense" means, for any period,
interest expense of the Borrower and its Subsidiaries on a
consolidated basis for such period, as determined in accordance with
GAAP.
"Consolidated Net Income" means, for any period, net income
(excluding extraordinary items) after taxes for such period of the
Borrower and its Subsidiaries on a consolidated basis, as determined
in accordance with GAAP.
"Consolidated Net Worth" means, at any time, total
shareholders' equity of the Borrower and its Subsidiaries on a
consolidated basis at such time, as determined in accordance with
GAAP.
"Consolidated Scheduled Funded Indebtedness Payments" means,
for any period, the scheduled payments of principal on Funded
Indebtedness for the Borrower and its Subsidiaries on a consolidated
basis for such period.
"Consolidated Tangible Net Worth" means, at any time,
Consolidated Net Worth at such time minus Consolidated Intangible
Assets at such time, provided, however, that foreign currency
translation adjustments and pension liability adjustments shall not be
taken into account in calculating Consolidated Tangible Net Worth.
"Consolidated Total Assets" means, at any time, all items
which, in accordance with GAAP, would be classified at such time as
assets on a consolidated balance sheet of the Borrower and its
Subsidiaries.
- 9 -
E-14
<PAGE> 15
"Consolidated Working Capital" means, at any time, with
respect to the Borrower and its Subsidiaries on a consolidated basis,
(a) the sum of inventory (based on a FIFO valuation), current
receivables (including trade receivables and current rent receivables)
and prepaid expenses, minus (b) the sum of accrued expenses currently
payable and trade payables, as each of such items would appear on a
consolidated balance sheet of the Borrower and its Subsidiaries at
such time, as determined in accordance with GAAP.
"Controlled Group" means (i) the controlled group of
corporations as defined in Section 414(b) of the Code and the
applicable regulations thereunder, or (ii) the group of trades or
businesses under common control as defined in Section 414(c) of the
Code and the applicable regulations thereunder, of which the Borrower
or any of its Subsidiaries is a member.
"Credit Documents" means a collective reference to this Credit
Agreement, the Notes, the LOC Documents, each Joinder Agreement, the
Agent's Fee Letter, the Collateral Documents and all other related
agreements and documents issued or delivered hereunder or thereunder
or pursuant hereto or thereto.
"Credit Party" means any of the Borrower and the Guarantors.
"Default" means any event, act or condition which with notice
or lapse of time, or both, would constitute an Event of Default.
"Determination Date" means with respect to any Foreign
Currency Loan:
(a) the date two Business Days prior to the date such
Loan is made;
(b) the last Business Day of each month or the date two
Business Days prior to the date such Loan is continued from the
current Interest Period of such Loan into a subsequent Interest Period
or is converted from a Loan in one Available Foreign Currency into a
Loan in another Available Foreign Currency; or
(c) the date of any reduction of the Revolving Committed
Amount pursuant to the terms of Section 3.4(a).
"Dollars" and "$" means dollars in lawful currency of the
United States of America.
- 10 -
E-15
<PAGE> 16
"Dollar Amount" means (a) with respect to Dollars or an amount
denominated in Dollars, such amount and (b) with respect to an amount
of any Available Foreign Currency or an amount denominated in such
Available Foreign Currency, the Dollar Equivalent of such amount on
the applicable date contemplated in this Credit Agreement.
"Dollar Equivalent" means, on any date, with respect to an
amount denominated in an Available Foreign Currency, the amount of
Dollars into which the Agent could, in accordance with its practice
from time to time in the interbank foreign exchange market, convert
such amount of Available Foreign Currency at its spot rate of exchange
(inclusive of all reasonable related costs of conversion) applicable
to the relevant transaction at or about 10:00 A.M., Dallas, Texas
time, on such date.
"Domestic Subsidiary" means, with respect to any Person, any
Subsidiary of such Person which is incorporated or organized under the
laws of any State of the United States or the District of Columbia.
"Effective Date" means the date on which the conditions set
forth in Section 5.2 to the making of the initial Loans and/or the
issuance of the initial Letter of Credit, as applicable, shall have
been fulfilled (or waived in the sole discretion of the Lenders) and
on which the initial Loans shall have been made and/or the initial
Letters of Credit shall have been issued.
"Eligible Assignees" means (i) any Lender or any Affiliate or
Subsidiary of a Lender, and (ii) any other commercial bank, financial
institution or "accredited investor" (as defined in Regulation D of
the Securities and Exchange Commission) approved by the Agent and the
Borrower (which approval shall not be unreasonably withheld).
"Eligible Inventory" means, as of any date of determination
and without duplication, the lower of the aggregate book value (based
on a FIFO or a moving average cost valuation, consistently applied) or
fair market value of all raw materials, work in process and finished
goods inventory owned by the Borrower less appropriate reserves
determined in accordance with GAAP but excluding in any event (i)
inventory subject to any Lien, other than any Permitted Lien, (ii)
inventory which is not in good condition or fails to meet standards
for sale or use imposed by governmental agencies, departments or
divisions having regulatory authority over such goods, (iii) inventory
which is not useable or saleable at prices approximating their cost in
the ordinary course of the Borrower's business (including without
duplication the amount of any reserves for obsolescence, unsalability
or decline in value), (iv) inventory located outside of the United
States, other than
- 11 -
E-16
<PAGE> 17
inventory of the Borrower in an aggregate amount not to exceed
$10,000,000 located in the Genicom International Distribution Center
in Colchester, Essex, England, (v) inventory located at a location
leased by the Borrower (including without limitation the inventory
located in Colchester, Essex, England described in clause (iv) above)
with respect to which the Agent or the Required Lenders shall have
requested and the Agent shall not have received a landlord's waiver
satisfactory to the Agent, (vi) inventory which is leased or on
consignment and (vii) inventory which fails to meet such other
specifications and requirements as may from time to time be
established by the Agent in its reasonable discretion.
"Eligible Receivables" means, as of any date of determination
and without duplication, the aggregate book value of all accounts
receivable, receivables, and obligations for payment created or
arising from the sale of inventory or the rendering of services in the
ordinary course of business (collectively, the "Receivables"), owned
by or owing to the Borrower, net of allowances and reserves for
doubtful or uncollectible accounts and sales adjustments consistent
with the Borrower's internal policies and in any event in accordance
with GAAP, but excluding in any event (i) Receivables subject to any
Lien, other than any Permitted Lien, (ii) Receivables which are more
than 90 days from the date of invoice (net of reserves for bad debts
in connection with any such Receivables), (iii) 50% of the book value
of any Receivable not otherwise excluded by clause (ii) above but
owing from an account debtor which is the account debtor on any
existing Receivable then excluded by such clause (ii), unless the
exclusion by such clause (ii) is a result of a legitimate dispute by
the account debtor and the applicable Receivable is no more than 90
days past due, (iv) Receivables evidenced by notes, chattel paper or
other instruments, unless such notes, chattel paper or instruments (a)
have been delivered to and are in the possession of the Agent or (b)
the aggregate amount of the Receivables evidenced thereby is not
greater than $50,000, (v) Receivables owing by an account debtor which
is not solvent or is subject to any bankruptcy or insolvency
proceeding of any kind, other than any Receivable arising after the
commencement of a bankruptcy or insolvency proceeding against the
applicable account debtor and which either arise from a C.O.D. sale or
is secured by a perfected first priority lien in favor of the
Borrower, provided that the aggregate amount of all such Receivables
under this clause (v) shall not exceed $100,000, (vi) Receivables
owing by an account debtor located outside of the United States
(unless payment for the goods shipped is secured by an irrevocable
letter of credit in a form and from an institution acceptable to the
Agent), (vii) Receivables which are contingent or subject to offset,
deduction, counterclaim, dispute or other defense to payment, in each
- 12 -
E-17
<PAGE> 18
case to the extent of such offset, deduction, counterclaim, dispute or
other defense, (viii) Receivables for which any direct or indirect
Subsidiary of the Borrower or any Affiliate of the Borrower is the
account debtor, (ix) Receivables representing a sale to the government
of the United States of America or any subdivision thereof unless the
Borrower has complied (to the satisfaction of the Agent), with respect
to the granting of a security interest in such Receivable, with the
Federal Assignment of Claims Act or other similar applicable law and
(x) Receivables which fail to meet such other specifications and
requirements as may from time to time be established by the Agent in
its reasonable discretion.
"Environmental Laws" means any and all lawful and applicable
Federal, state, local and foreign statutes, laws, regulations,
ordinances, rules, judgments, orders, decrees, permits, concessions,
grants, franchises, licenses, agreements or other governmental
restrictions relating to the environment or to emissions, discharges,
releases or threatened releases of pollutants, contaminants,
chemicals, or industrial, toxic or hazardous substances or wastes into
the environment including, without limitation, ambient air, surface
water, ground water, or land, or otherwise relating to the
manufacture, processing, distribution, use, treatment, storage,
disposal, transport, or handling of pollutants, contaminants,
chemicals, or industrial, toxic or hazardous substances or wastes.
"Equity Transaction" means any issuance by the Borrower or any
of its Subsidiaries to any Person of (i) shares of its capital stock
or other equity interests, (ii) any shares of its capital stock or
other equity interests pursuant to the exercise of options or warrants
or (iii) any shares of its capital stock or other equity interests
pursuant to the conversion of any debt securities to equity.
"ERISA" means the Employee Retirement Income Security Act of
1974, as amended, and any successor statute thereto, as interpreted by
the rules and regulations thereunder, all as the same may be in effect
from time to time. References to sections of ERISA shall be construed
also to refer to any successor sections.
"ERISA Affiliate" means an entity, whether or not
incorporated, which is under common control with the Borrower or of
its Subsidiaries within the meaning of Section 4001(a)(14) of ERISA,
or is a member of a group which includes the Borrower or any of its
Subsidiaries and which is treated as a single employer under Sections
414(b), (c), (m), or (o) of the Code.
"Eurodollar Loan" means any Loan bearing interest at a rate
determined by reference to the Eurodollar Rate.
- 13 -
E-18
<PAGE> 19
"Eurodollar Rate" means, for the Interest Period for each
Eurodollar Loan comprising part of the same borrowing (including
conversions, extensions and renewals), a per annum interest rate equal
to (i) with respect to any Eurodollar Loan which is not a Foreign
Currency Loan for the Interest Period applicable thereto, the per
annum rate of interest determined by the office of the Agent on the
basis of the offered rates for deposits in Dollars (for a period of
time corresponding to such Interest Period and commencing on the first
day of such Interest Period) which appear on Telerate Page 3750 as of
11:00 a.m. (London time) two Business Days before the first day of
such Interest Period (provided that if at least two such offered rates
appear on Telerate Page 3750, the rate in respect of such Interest
Period will be the arithmetic mean of such offered rates), and (ii)
with respect to any Foreign Currency Loan for the Interest Period
applicable thereto, the per annum rate of interest determined by the
office of the Agent on the basis of the offered rates for deposits in
the relevant Available Foreign Currency (for a period of time
corresponding to such Interest Period and commencing on the first day
of such Interest Period) which appear on Telerate Page 3750 as of
11:00 a.m. (London time) two Business Days before the first day of
such Interest Period (provided that if at least two such offered rates
appear on Telerate Page 3750, the rate in respect of such Interest
Period will be the arithmetic mean of such offered rates). If for any
reason the foregoing rates are unavailable from the Telerate service
then a market rate as determined by the Agent.,
"Eurodollar Reserve Percentage" means for any day, that
percentage (expressed as a decimal) which is in effect from time to
time under Regulation D of the Board of Governors of the Federal
Reserve System (or any successor), as such regulation may be amended
from time to time or any successor regulation, as the maximum reserve
requirement (including, without limitation, any basic, supplemental,
emergency, special, or marginal reserves) applicable with respect to
Eurocurrency liabilities as that term is defined in Regulation D (or
against any other category of liabilities that includes deposits by
reference to which the interest rate of Eurodollar Loans is
determined).
"Event of Default" means such term as defined in Section 9.1.
"Excess Cash Flow" means, for any fiscal year period of the
Borrower and its Subsidiaries, Consolidated EBITDA for such fiscal
year, plus Net Proceeds from all Equity Transactions occurring during
such fiscal year, plus the actual negative change (if any) or minus
the actual positive change (if any) in Consolidated Working Capital as
of the last day of such fiscal year since the last day of the
- 14 -
E-19
<PAGE> 20
preceding fiscal year, minus Consolidated Interest Expense for such
fiscal year, minus Consolidated Scheduled Funded Indebtedness Payments
for such fiscal year, minus Consolidated Cash Taxes for such fiscal
year, minus Consolidated Capital Expenditures for such fiscal year,
minus the aggregate purchase prices (except to the extent consisting
of capital stock or other securities of the Borrower), together with
all related costs and expenses (excluding intercompany items), paid or
incurred by the Borrower or any of its Subsidiaries for acquisitions
of capital stock or securities or all or any substantial part of the
Property of any Person (other than the Borrower or any of its
Subsidiaries) during the period from the date immediately succeeding
the date of the annual mandatory prepayment pursuant to Section
3.3(c)(ii) for the prior fiscal year (or, with respect to fiscal year
1996, the Closing Date) until the date of the annual mandatory
prepayment pursuant to Section 3.3(c)(ii) for such fiscal year.
"Existing Credit Facility" means that certain Loan and
Security Agreement dated as of September 25, 1990, as amended from
time to time thereafter, by and among the Borrower, Genicom Foreign
Sales Corporation, Enterprising Service Solutions Corporation and
Printer Systems Corporation and The CIT Group/Credit Finance, Inc.
"Fees" means all fees payable pursuant to Section 3.5.
"Federal Funds Rate" means, for any day, the rate of interest
per annum (rounded upwards, if necessary, to the nearest whole
multiple of 1/100 of 1%) equal to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as
published by the Federal Reserve Bank of New York on the Business Day
next succeeding such day, provided that (A) if such day is not a
Business Day, the Federal Funds Rate for such day shall be such rate
on such transactions on the next preceding Business Day and (B) if no
such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate quoted to
the Agent on such day on such transactions as determined by the Agent.
"Flood Hazard Property" shall have the meaning assigned to
such term in Section 7.17(f).
"Foreign Currency Commitment" means, with respect to each
Lender, the commitment of such Lender to make Foreign Currency Loans
in an aggregate principal amount at any time outstanding of up to such
Lender's Foreign Currency Commitment Percentage of the Foreign
Currency Committed Amount.
- 15 -
E-20
<PAGE> 21
"Foreign Currency Commitment Percentage" means, for any
Lender, the percentage identified as its Foreign Currency Commitment
Percentage on Schedule 2.1(a), as such percentage may be modified in
connection with any assignment made in accordance with the provisions
of Section 11.3.
"Foreign Currency Committed Amount" shall have the meaning
assigned to such term in Section 2.4(a).
"Foreign Currency Equivalent" means, on any date, with respect
to an amount denominated in Dollars, the amount of any applicable
Available Foreign Currency into which the Agent could, in accordance
with its practice from time to time in the interbank foreign exchange
market, convert such amount of Dollars at its spot rate of exchange
(inclusive of all reasonable related costs of conversion) applicable
to the relevant transaction at or about 10:00 A.M., Dallas, Texas
time, on such date.
"Foreign Currency Loans" shall have the meaning assigned to
such term in Section 2.4(a).
"Foreign Currency Note" means a promissory note of the
Borrower in favor of a Lender delivered pursuant to Section 2.4(e) and
evidencing the Foreign Currency Loans of such Lender, as such
promissory note may be amended, modified, restated or replaced from
time to time.
"Foreign Subsidiary", of any Person, means any Subsidiary of
such Person which is not a Domestic Subsidiary of such Person.
"Funded Indebtedness" means, with respect to any Person,
without duplication, (i) all Indebtedness of such Person for borrowed
money, (ii) all purchase money Indebtedness of such Person, including
without limitation the principal portion of all obligations of such
Person under Capital Leases, (iii) all Guaranty Obligations of such
Person with respect to Funded Indebtedness of another Person, (iv) the
maximum amount of all standby letters of credit issued or bankers'
acceptances facilities created for the account of such Person and,
without duplication, all drafts drawn thereunder (to the extent
unreimbursed) and (v) all Funded Indebtedness of another Person
secured by a Lien on any Property of such Person, whether or not such
Funded Indebtedness has been assumed. The Funded Indebtedness of any
Person (x) shall include the Funded Indebtedness of any partnership or
joint venture in which such Person is a general partner or joint
venturer (except for any such Funded Indebtedness with respect to
which the holder thereof is limited to the assets of such partnership
or joint venture) and (y) shall not include any Intercompany
Indebtedness of such Person.
- 16 -
E-21
<PAGE> 22
"GAAP" means generally accepted accounting principles in the
United States applied on a consistent basis and subject to the terms
of Section 1.3 hereof.
"Governmental Authority" means any Federal, state, local or
foreign court or governmental agency, authority, instrumentality or
regulatory body.
"Guarantor" means each of those Persons identified as a
"Guarantor" on the signature pages hereto, and each Additional Credit
Party which may hereafter execute a Joinder Agreement, together with
their permitted successors and assigns.
"Guaranty Obligations" means, with respect to any Person,
without duplication, any obligations of such Person (other than
endorsements in the ordinary course of business of negotiable
instruments for deposit or collection) guaranteeing or intended to
guarantee any Indebtedness of any other Person in any manner, whether
direct or indirect, and including without limitation any obligation,
whether or not contingent, (i) to purchase any such Indebtedness or
any Property constituting security therefor, (ii) to advance or
provide funds or other support for the payment or purchase of any such
Indebtedness or to maintain working capital, solvency or other balance
sheet condition of such other Person (including without limitation
keep well agreements, maintenance agreements, comfort letters or
similar agreements or arrangements) for the benefit of any holder of
Indebtedness of such other Person, (iii) to lease or purchase
Property, securities or services primarily for the purpose of assuring
the holder of such Indebtedness, or (iv) to otherwise assure or hold
harmless the holder of such Indebtedness against loss in respect
thereof. The amount of any Guaranty Obligation hereunder shall
(subject to any limitations set forth therein) be deemed to be an
amount equal to the outstanding principal amount of the Indebtedness
in respect of which such Guaranty Obligation is made.
"Indebtedness" of any Person means (i) all obligations of such
Person for borrowed money, (ii) all obligations of such Person
evidenced by bonds, debentures, notes or similar instruments, or upon
which interest payments are customarily made, (iii) all obligations of
such Person under conditional sale or other title retention agreements
relating to Property purchased by such Person (other than customary
reservations or retentions of title under agreements with suppliers
entered into in the ordinary course of business), (iv) all obligations
of such Person issued or assumed as the deferred purchase price of
Property or services purchased by such Person (other than trade debt
incurred in the ordinary course of business and due within six months
of the incurrence thereof) which would appear as liabilities on a
- 17 -
E-22
<PAGE> 23
balance sheet of such Person, (v) all obligations of such Person under
take-or-pay or similar arrangements or under commodities agreements,
(vi) all Indebtedness of others secured by (or for which the holder of
such Indebtedness has an existing right, contingent or otherwise, to
be secured by) any Lien on, or payable out of the proceeds of
production from, Property owned or acquired by such Person, whether or
not the obligations secured thereby have been assumed, (vii) all
Guaranty Obligations of such Person, (viii) the principal portion of
all obligations of such Person under Capital Leases, (ix) all
obligations of such Person in respect of interest rate protection
agreements, foreign currency exchange agreements, commodity purchase
or option agreements or other interest or exchange rate or commodity
price hedging agreements, (x) the maximum amount of all standby
letters of credit issued or bankers' acceptances facilities created
for the account of such Person and, without duplication, all drafts
drawn thereunder (to the extent unreimbursed) and (xi) all preferred
stock issued by such Person and required by the terms thereof to be
redeemed, or for which mandatory sinking fund payments are due, by a
fixed date. The Indebtedness of any Person shall include (i) the
Indebtedness of any partnership or joint venture in which such Person
is a general partner or joint venturer (except for any such
Indebtedness with respect to which the holder thereof is limited to
the assets of such partnership or joint venture) and (ii) intercompany
items.
"Initial Interest Rate Period" means the period commencing as
of the Closing Date and ending March 15, 1996, during which time all
Eurodollar Loans shall have an Interest Period of one (1) month.
"Intercompany Indebtedness" means any Indebtedness which (i)
is owing by a Credit Party to the Borrower or any of its Subsidiaries
and (ii) by its terms is specifically subordinated in right of payment
to the prior payment of the obligations of the Credit Parties under
this Credit Agreement and the other Credit Documents on terms and
conditions reasonably satisfactory to the Agent.
"Interest Payment Date" means (i) as to any Base Rate Loan
other than a Swingline Loan, the last day of each March, June,
September and December and the Termination Date, (ii) as to any
Eurodollar Loan, the last day of each Interest Period for such Loan
and the Termination Date, and in addition where the applicable
Interest Period is more than 3 months, then also on the date 3 months
from the beginning of the Interest Period, and each 3 months
thereafter, and (iii) as to any Swingline Loan, the last day of each
calendar month and the Termination Date. If an Interest Payment Date
falls on a date which is not a Business Day, such Interest Payment
Date shall be deemed to
- 18 -
E-23
<PAGE> 24
be the next succeeding Business Day, except that in the case of
Eurodollar Loans where the next succeeding Business Day falls in the
next succeeding calendar month, then on the next preceding Business
Day.
"Interest Period" means (i) as to any Eurodollar Loan, a
period of one, two, three or six month's duration, as the Borrower may
elect, commencing in each case, on the date of the borrowing
(including conversions, extensions and renewals), and (ii) as to any
Swingline Loan, a period commencing in each case on the date of the
borrowing and ending on the date agreed to by the Borrower and the
Swingline Lender in accordance with the provisions of Section
2.3(b)(i) (such ending date in any event to be not more than seven (7)
Business Days from the date of borrowing); provided, however, (A) if
any Interest Period would end on a day which is not a Business Day,
such Interest Period shall be extended to the next succeeding Business
Day (except that in the case of Eurodollar Loans where the next
succeeding Business Day falls in the next succeeding calendar month,
then on the next preceding Business Day), (B) no Interest Period shall
extend beyond the Termination Date, (C) with regard to the Tranche A
Term Loan, no Interest Period shall extend beyond any principal
amortization payment date unless the portion of the Tranche A Term
Loan comprised of Base Rate Loans together with the portion of the
Tranche A Term Loan comprised of Eurodollar Loans with Interest
Periods expiring prior to the date such principal amortization payment
is due, is at least equal to the amount of such principal amortization
payment due on such date, (D) with regard to the Tranche B Term Loan,
no Interest Period shall extend beyond any principal amortization
payment date unless the portion of the Tranche B Term Loan comprised
of Base Rate Loans together with the portion of the Tranche B Term
Loan comprised of Eurodollar Loans with Interest Periods expiring
prior to the date such principal amortization payment is due, is at
least equal to the amount of such principal amortization payment due
on such date, and (E) in the case of Eurodollar Loans, where an
Interest Period begins on a day for which there is no numerically
corresponding day in the calendar month in which the Interest Period
is to end, such Interest Period shall end on the last day of such
calendar month.
"Investment", in any Person, means any loan or advance to such
Person, any purchase or other acquisition of any capital stock,
warrants, rights, options, obligations or other securities of such
Person, any capital contribution to such Person or any other
investment in such Person, including, without limitation, any Guaranty
Obligation incurred for the benefit of such Person.
"Issuing Lender" means NationsBank.
- 19 -
E-24
<PAGE> 25
"Issuing Lender Fees" shall have the meaning assigned to such
term in Section 3.5(b)(ii).
"Joinder Agreement" means a Joinder Agreement substantially in
the form of Schedule 7.12 hereto, executed and delivered by an
Additional Credit Party in accordance with the provisions of Section
7.12.
"Lenders" means each of the Persons identified as a "Lender"
on the signature pages hereto, and each Person which may become a
Lender by way of assignment in accordance with the terms hereof,
together with their successors and permitted assigns.
"Letter of Credit" means any standby letter of credit issued
by the Issuing Lender in accordance with the terms of Section 2.2.
"Letter of Credit Fee" shall have the meaning assigned to such
term in Section 3.5(b)(i).
"Lien" means any mortgage, pledge, hypothecation, assignment,
deposit arrangement, security interest, encumbrance, lien (statutory
or otherwise), preference, priority or charge of any kind (including
any agreement to give any of the foregoing, any conditional sale or
other title retention agreement and any lease in the nature thereof).
"Loan" or "Loans" means the Revolving Loans, the Tranche A
Term Loan, the Tranche B Term Loan (or any Revolving Loan, any portion
of the Tranche A Term Loan or any portion of the Tranche B Term Loan
bearing interest at the Base Rate or the Eurodollar Rate and referred
to as a Base Rate Loan or a Eurodollar Loan), the Swingline Loans
and/or any Foreign Currency Loan (or any Foreign Currency Loan
referred to as a Eurodollar Loan), individually or collectively, as
appropriate.
"LOC Commitment" means the commitment of the Issuing Lender to
issue Letters of Credit in an aggregate face amount at any time
outstanding (together with the amounts of any unreimbursed drawings
thereon) of up to the LOC Committed Amount in accordance with the
provisions of Section 2.2(a).
"LOC Committed Amount" shall have the meaning assigned to such
term in Section 2.2.
"LOC Documents" means, with respect to any Letter of Credit,
such Letter of Credit, any amendments thereto, any documents delivered
in connection therewith, any application therefor, and any agreements,
instruments, guarantees or other documents (whether general in
application or
- 20 -
E-25
<PAGE> 26
applicable only to such Letter of Credit) governing or providing for
(i) the rights and obligations of the parties concerned or at risk or
(ii) any collateral security for such obligations.
"LOC Obligations" means, at any time, the sum of (i) the
maximum amount which is, or at any time thereafter may become,
available to be drawn under Letters of Credit then outstanding,
assuming compliance with all requirements for drawings referred to in
such Letters of Credit plus (ii) the aggregate amount of all drawings
under Letters of Credit honored by the Issuing Lender but not
theretofore reimbursed.
"Material Adverse Effect" means a material adverse effect on
(i) the condition (financial or otherwise), operations, business,
assets or liabilities of the Borrower or of the Borrower and its
Subsidiaries taken as a whole, (ii) the ability of any Credit Party to
perform any material obligation under the Credit Documents or (iii)
the material rights and remedies of the Lenders under the Credit
Documents.
"Materials of Environmental Concern" means any gasoline or
petroleum (including crude oil or any fraction thereof) or petroleum
products or any hazardous or toxic substances, materials or wastes,
defined or regulated as such in or under any Environmental Laws,
including, without limitation, asbestos, polychlorinated biphenyls and
urea-formaldehyde insulation.
"Moody's" means Moody's Investors Service, Inc., or any
successor or assignee of the business of such company in the business
of rating securities.
"Mortgage Instruments" shall have the meaning assigned such
term in Section 7.17(a).
"Mortgage Policies" shall have the meaning assigned such term
in Section 7.17(e).
"Mortgaged Properties" shall have the meaning assigned such
term in Section 7.17(a).
"Multiemployer Plan" means a Plan which is a multiemployer
plan as defined in Sections 3(37) or 4001(a)(3) of ERISA.
"Multiple Employer Plan" means a Plan which the Borrower, any
Subsidiary of the Borrower or any ERISA Affiliate and at least one
employer other than the Borrower, any Subsidiary of the Borrower or
any ERISA Affiliate are contributing sponsors.
- 21 -
E-26
<PAGE> 27
"NationsBank" means NationsBank of Texas, N.A. and its
successors.
"Net Proceeds" means proceeds received by the Borrower or any
of its Subsidiaries from time to time in connection with any Asset
Disposition or Equity Transaction, net of the actual costs (excluding
intercompany items) and taxes incurred by such Person in connection
with and attributable to such Asset Disposition or Equity Transaction,
as applicable.
"Non-Excluded Taxes" means such term as is defined in Section
3.11.
"Note" or "Notes" means any Revolving Note, the Swingline
Note, any Foreign Currency Note, any Tranche A Term Note or any
Tranche B Term Note, as the context may require.
"Notice of Borrowing" means a written notice of borrowing in
substantially the form of Schedule 2.1(b)(i), as required by Section
2.1(b)(i), Section 2.4(b)(i), Section 2.5(b)(i) or Section 2.6(b).
"Notice of Extension/Conversion" means the written notice of
extension or conversion in substantially the form of Schedule 3.2 as
required by Section 3.2.
"Ogden Assets" means the equipment, tools, fixtures and
inventories of raw materials, parts and work in process located at the
Borrower's McAllen, Texas and Reynosa, Mexico facilities and more
specifically described on Schedule 1.1A attached hereto.
"Operating Lease" means, as applied to any Person, any lease
(including, without limitation, leases which may be terminated by the
lessee at any time) of any Property (whether real, personal or mixed)
which is not a Capital Lease other than any such lease in which that
Person is the lessor.
"Participation Interest" means, the extension of credit by a
Lender by way of a purchase of a participation in any Letters of
Credit or LOC Obligations as provided in Section 2.2(c), in Swingline
Loans as provided in Section 2.3(b)(iii) or in any Loans as provided
in Section 3.14.
"PBGC" means the Pension Benefit Guaranty Corporation
established pursuant to Subtitle A of Title IV of ERISA and any
successor thereof.
"Permitted Investments" means Investments which are either (i)
cash and Cash Equivalents; (ii) accounts receivable created, acquired
or made by the Borrower or any
- 22 -
E-27
<PAGE> 28
of its Subsidiaries in the ordinary course of business and payable or
dischargeable in accordance with customary trade terms; (iii)
Investments consisting of stock, obligations, securities or other
property received by the Borrower or any of its Subsidiaries in
settlement of accounts receivable (created in the ordinary course of
business) from bankrupt obligors; (iv) Investments existing as of the
Closing Date and set forth in Schedule 1.1B, (v) additional
Investments in any Subsidiary of the Borrower which is a Guarantor;
(vi) subject to the terms of Section 7.15(b), additional Investments
in Subsidiaries of the Borrower which are not Guarantors not to exceed
$10,000,000 at any one time outstanding; (vii) Guaranty Obligations
permitted by Section 8.1; (viii) acquisitions permitted by Section
8.4(c); (ix) transactions permitted by Section 8.8; and (x) loans to
directors, officers, employees, agents, customers or suppliers that do
not exceed an aggregate principal amount of $1,000,000 at any one time
outstanding.
"Permitted Liens" means:
(i) Liens in favor of the Agent on behalf of the
Lenders;
(ii) Liens (other than Liens created or imposed under
ERISA) for taxes, assessments or governmental charges or
levies not yet due or Liens for taxes being contested in good
faith by appropriate proceedings for which adequate reserves
determined in accordance with GAAP have been established (and
as to which the Property subject to any such Lien is not yet
subject to foreclosure, sale or loss on account thereof);
(iii) statutory Liens of landlords and Liens of
carriers, warehousemen, mechanics, materialmen and suppliers
and other liens imposed by law or pursuant to customary
reservations or retentions of title arising in the ordinary
course of business, provided that such Liens secure only
amounts not yet due and payable or, if due and payable, are
unfiled and no other action has been taken to enforce the same
or are being contested in good faith by appropriate
proceedings for which adequate reserves determined in
accordance with GAAP have been established (and as to which
the Property subject to any such Lien is not yet subject to
foreclosure, sale or loss on account thereof);
(iv) Liens (other than Liens created or imposed
under ERISA) incurred or deposits made by the Borrower or any
of its Subsidiaries in the ordinary course of business in
connection with workers' compensation, unemployment insurance
and other types of social security, or to secure the
performance of tenders, statutory obligations, bids, leases,
government
- 23 -
E-28
<PAGE> 29
contracts, performance and return-of-money bonds and other
similar obligations (exclusive of obligations for the payment
of borrowed money);
(v) Liens in connection with attachments or
judgments (including judgment or appeal bonds) provided that
the judgments secured shall, within 60 days after the entry
thereof, have been discharged or execution thereof stayed
pending appeal, or shall have been discharged within 30 days
after the expiration of any such stay;
(vi) easements, rights-of-way, restrictions
(including zoning restrictions), minor defects or
irregularities in title and other similar charges or
encumbrances not, in any material respect, impairing the use
of the encumbered Property for its intended purposes;
(vii) Liens on Property of the Borrower or any of its
Subsidiaries securing purchase money Indebtedness (including
Capital Leases) of such Person to the extent permitted under
Section 8.1(b) or (c), provided that any such Lien attaches to
such Property concurrently with or within 90 days after the
acquisition thereof;
(viii) leases or subleases granted to others not
interfering in any material respect with the business of the
Borrower or any of its Subsidiaries;
(ix) any interest of title of a lessor under, and
Liens arising from UCC financing statements (or equivalent
filings, registrations or agreements in foreign jurisdictions)
relating to, leases permitted by this Credit Agreement;
(x) normal and customary rights of setoff upon
deposits of cash in favor of banks or other depository
institutions;
(xi) Liens on Property of Genicom Canada Inc.
securing Indebtedness permitted under Section 8.1(g)(i); and
(xii) Liens existing as of the Closing Date and set
forth on Schedule 1.1C; provided that no such Lien shall at
any time be extended to or cover any Property other than the
Property subject thereto on the Closing Date.
"Person" means any individual, partnership, joint venture,
firm, corporation, limited liability company, association, trust or
other enterprise (whether or not incorporated) or any Governmental
Authority.
- 24 -
E-29
<PAGE> 30
"Plan" means any employee benefit plan (as defined in Section
3(3) of ERISA) which is covered by ERISA and with respect to which the
Borrower, any Subsidiary of the Borrower or any ERISA Affiliate is
(or, if such plan were terminated at such time, would under Section
4069 of ERISA be deemed to be) an "employer" within the meaning of
Section 3(5) of ERISA.
"Pledge Agreement" means the pledge agreement dated as of the
Closing Date in the form of Schedule 1.1D to be executed in favor of
the Agent by the Borrower and each of the Guarantors.
"Prime Rate" means the rate of interest per annum publicly
announced from time to time by NationsBank as its prime rate in effect
at its principal office in Dallas, Texas, with each change in the
Prime Rate being effective on the date such change is publicly
announced as effective (it being understood and agreed that the Prime
Rate is a reference rate used by NationsBank in determining interest
rates on certain loans and is not intended to be the lowest rate of
interest charged on any extension of credit by NationsBank to any
debtor).
"Pro Forma Basis" means, with respect to any transaction, that
such transaction shall be deemed to have occurred as of the first day
of the four fiscal-quarter period ending as of the most recent
Calculation Date preceding the date of such transaction with respect
to which the Agent has received the Required Financial Information.
As used herein, "transaction" means (i) any corporate merger or
consolidation as referred to in Section 8.4(a), (ii) any sale or other
disposition of assets as referred to in Section 8.4(b) or (iii) any
acquisition of capital stock or securities or any purchase, lease or
other acquisition of Property as referred to in Section 8.4(c).
"Property" means any interest in any kind of property or
asset, whether real, personal or mixed, or tangible or intangible.
"Register" shall have the meaning given such term in Section
11.3(c).
"Regulation D, G, U, or X" means Regulation D, G, U or X,
respectively, of the Board of Governors of the Federal Reserve System
as from time to time in effect and any successor to all or a portion
thereof.
"Reportable Event" means any of the events set forth in
Section 4043(c) of ERISA, other than those events as to which the
post-event notice requirement is waived under subsections .13, .14,
.18, .19, or .20 of PBGC Reg. Section 2615.
- 25 -
E-30
<PAGE> 31
"Required Financial Information" means, with respect to the
applicable Calculation Date, (i) the financial statements of the
Borrower required to be delivered pursuant to Section 7.1(a) or (b)(i)
for the fiscal period or quarter ending as of such Calculation Date,
and (ii) the certificate of the chief financial officer or treasurer,
of the Borrower required by Section 7.1(c) to be delivered with the
financial statements described in clause (i) above.
"Required Lenders" means, at any time, Lenders which are then
in compliance with their obligations hereunder (as determined by the
Agent) and holding in the aggregate at least 51% (or, until the first
day that NationsBank shall have no more than 36% of the aggregate
Commitments of all the Lenders, 70%) of (i) the Revolving Commitments,
the outstanding Tranche A Term Loans (and Participation Interests
therein) and the outstanding Tranche B Term Loans (and Participation
Interests therein) or (ii) if the Commitments have been terminated,
the outstanding Loans and Participation Interests.
"Requirement of Law" means, as to any Person, the certificate
of incorporation and by-laws or other organizational or governing
documents of such Person, and any law, treaty, rule or regulation or
determination of an arbitrator or a court or other Governmental
Authority, in each case applicable to or binding upon such Person or
any of its material property is subject.
"Restricted Payment" means (i) any dividend or other
distribution, direct or indirect, on account of any shares of any
class of stock of the Borrower or any of its Subsidiaries, now or
hereafter outstanding, (ii) any redemption, retirement, sinking fund
or similar payment, purchase or other acquisition for value, direct or
indirect, of any shares of any class of stock of the Borrower or any
of its Subsidiaries, now or hereafter outstanding, (iii) any payment
made to retire, or to obtain the surrender of, any outstanding
warrants, options or other rights to acquire shares of any class of
stock of the Borrower or any of its Subsidiaries, now or hereafter
outstanding, and (iv) any payment or prepayment of principal of, or
interest on, Intercompany Indebtedness.
"Revolving Commitment" means, with respect to each Lender, the
commitment of such Lender, in an aggregate principal amount at any
time outstanding of up to the Dollar Amount of such Lender's Revolving
Commitment Percentage of the Revolving Committed Amount, (i) to make
Revolving Loans in accordance with the provisions of Section 2.1(a),
(ii) to purchase participation interests in Letters of Credit in
accordance with the provisions of Section 2.2(c), (iii) to purchase
participation interests in the Swingline Loans in
- 26 -
E-31
<PAGE> 32
accordance with the provisions of Section 2.3(b)(iii) and (iv) to make
Foreign Currency Loans in accordance with the provisions of Section
2.4(a).
"Revolving Commitment Percentage" means, for any Lender, the
percentage identified as its Revolving Commitment Percentage on
Schedule 2.1(a), as such percentage may be modified in connection with
any assignment made in accordance with the provisions of Section 11.3.
"Revolving Committed Amount" shall have the meaning assigned
to such term in Section 2.1(a).
"Revolving Loans" shall have the meaning assigned to such term
in Section 2.1(a).
"Revolving Note" means a promissory note of the Borrower in
favor of a Lender delivered pursuant to Section 2.1(e) and evidencing
the Revolving Loans of such Lender, as such promissory note may be
amended, modified, restated or replaced from time to time.
"Revolving Unused Fee" shall have the meaning assigned to such
term in Section 3.5(a)(i).
"Revolving Unused Fee Calculation Period" shall have the
meaning assigned to such term in Section 3.5(a)(i).
"S&P" means Standard & Poor's Ratings Group, a division of
McGraw Hill, Inc., or any successor or assignee of the business of
such division in the business of rating securities.
"Security Agreement" means the security agreement dated as of
the Closing Date in the form of Schedule 1.1E to be executed in favor
of the Agent by the Borrower and each of the Guarantors.
"Single Employer Plan" means any Plan which is covered by
Title IV of ERISA, but which is not a Multiemployer Plan.
"Solvent" or "Solvency" means, with respect to any Person as
of a particular date, that on such date (i) such Person is able to
realize upon its assets and pay its debts and other liabilities,
contingent obligations and other commitments as they mature in the
normal course of business, (ii) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such
Person's ability to pay as such debts and liabilities mature in their
ordinary course, (iii) such Person is not engaged in a business or a
transaction, and is not about to engage in a business or a
transaction, for which such Person's Property would constitute
unreasonably small capital after giving due consideration to the
prevailing practice in the
- 27 -
E-32
<PAGE> 33
industry in which such Person is engaged or is to engage, (iv) the
fair value of the Property of such Person is greater than the total
amount of liabilities, including, without limitation, contingent
liabilities, of such Person and (v) the present fair saleable value of
the assets of such Person is not less than the amount that will be
required to pay the probable liability of such Person on its debts as
they become absolute and matured. In computing the amount of
contingent liabilities at any time, it is intended that such
liabilities will be computed at the amount which, in light of all the
facts and circumstances existing at such time, represents the amount
that can reasonably be expected to become an actual or matured
liability.
"Subordinated Notes" means the 12 1/2% Senior Subordinated
Notes due February 15, 1997 issued by the Borrower pursuant to that
certain Indenture dated February 13, 1987, with Bankers Trust Company,
as Trustee.
"Subsidiary" means, as to any Person, (a) any corporation more
than 50% of whose stock of any class or classes having by the terms
thereof ordinary voting power to elect a majority of the directors of
such corporation (irrespective of whether or not at the time, any
class or classes of such corporation shall have or might have voting
power by reason of the happening of any contingency) is at the time
owned by such Person directly or indirectly through Subsidiaries, and
(b) any partnership, association, joint venture or other entity in
which such Person directly or indirectly through Subsidiaries has more
than 50% equity interest at any time.
"Swingline Commitment" means the commitment of the Swingline
Lender to make Swingline Loans in an aggregate principal amount at any
time outstanding of up to the Swingline Committed Amount in accordance
with the provisions of Section 2.3(a).
"Swingline Committed Amount" shall have the meaning assigned
to such term in Section 2.3(a).
"Swingline Lender" means NationsBank.
"Swingline Loan" shall have the meaning assigned to such term
in Section 2.3(a).
"Swingline Note" means the promissory note of the Borrower in
favor of the Swingline Lender delivered pursuant to Section 2.3(d) and
evidencing the Swingline Loans, as such promissory note may be
amended, modified, restated or replaced from time to time.
"Termination Date" means (i) as to the Revolving Loans,
Letters of Credit (and the related LOC Obligations), Foreign
- 28 -
E-33
<PAGE> 34
Currency Loans and Tranche A Term Loan, December 31, 2000, and (ii) as
to the Tranche B Term Loan, December 31, 2002.
"Termination Event" means (i) with respect to any Plan, the
occurrence of a Reportable Event or the substantial cessation of
operations (within the meaning of Section 4062(e) of ERISA); (ii) the
withdrawal by the Borrower, any Subsidiary of the Borrower or any
ERISA Affiliate from a Multiple Employer Plan during a plan year in
which it was a substantial employer (as such term is defined in
Section 4001(a)(2) of ERISA), or the termination of a Multiple
Employer Plan; (iii) the distribution of a notice of intent to
terminate or the actual termination of a Plan pursuant to Section
4041(a)(2) or 4041A of ERISA; (iv) the institution of proceedings to
terminate or the actual termination of a Plan by the PBGC under
Section 4042 of ERISA; (v) any event or condition which might
constitute grounds under Section 4042 of ERISA for the termination of,
or the appointment of a trustee to administer, any Plan; or (vi) the
complete or partial withdrawal by the Borrower, any Subsidiary of the
Borrower or any ERISA Affiliate from a Multiemployer Plan.
"Tranche A Term Loan" shall have the meaning assigned to such
term in Section 2.5(a).
"Tranche A Term Loan Commitment" means, with respect to each
Lender, the commitment of such Lender to make Tranche A Term Loan
advances in an aggregate principal amount of up to such Lender's
Tranche A Commitment Percentage of the Tranche A Term Loan Committed
Amount.
"Tranche A Term Loan Commitment Percentage" means, for any
Lender, the percentage identified as its Tranche A Term Loan
Commitment Percentage on Schedule 2.1(a), as such percentage may be
modified in connection with any assignment made in accordance with the
provisions of Section 11.3.
"Tranche A Term Loan Committed Amount" shall have the meaning
assigned to such term in Section 2.5(a).
"Tranche A Term Loan Unused Fee" shall have the meaning
assigned to such term in Section 3.5(a)(ii).
"Tranche A Term Note" means a promissory note of the Borrower
in favor of a Lender delivered pursuant to Section 2.5(e) and
evidencing such Lender's portion of the Tranche A Term Loan, as such
promissory note may be amended, modified, restated or replaced from
time to time.
"Tranche B Term Loan" shall have the meaning assigned to such
term in Section 2.6(a).
"Tranche B Term Loan Commitment" means, with respect to each
Lender, the commitment of such Lender to make its
- 29 -
E-34
<PAGE> 35
portion of the Tranche B Term Loan in a principal amount equal to such
Lender's Tranche B Commitment Percentage of the Tranche B Term Loan
Committed Amount.
"Tranche B Term Loan Commitment Percentage" means, for any
Lender, the percentage identified as its Tranche B Term Loan
Commitment Percentage on Schedule 2.1(a), as such percentage may be
modified in connection with any assignment made in accordance with the
provisions of Section 11.3.
"Tranche B Term Loan Committed Amount" shall have the meaning
assigned to such term in Section 2.6(a).
"Tranche B Term Note" means a promissory note of the Borrower
in favor of a Lender delivered pursuant to Section 2.6(f) and
evidencing such Lender's portion of the Tranche B Term Loan, as such
promissory note may be amended, modified, restated or replaced from
time to time.
"U.K. Security Agreements" means a collective reference to (i)
the debenture dated as of the Closing Date in the form of Schedule
1.1F-1 to be executed in favor of the Agent by the Borrower and (ii)
the debenture dated as of the Closing Date in the form of Schedule
1.1F-2 to be executed in favor of the Agent by Genicom Ltd.
"Unused Fees" means a collective reference to the Revolving
Unused Fee and the Tranche A Term Loan Unused Fee.
"Unused Revolving Committed Amount" means, for any period, the
amount by which (a) the then applicable Revolving Committed Amount
exceeds (b) the daily average sum for such period of (i) the
outstanding aggregate principal amount of all Revolving Loans and all
Foreign Currency Loans (but not Swingline Loans) plus (ii) the
outstanding aggregate principal amount of all LOC Obligations.
"Unused Tranche A Term Loan Committed Amount" means, for any
period, the amount by which (a) the then applicable Tranche A Term
Loan Committed Amount exceeds (b) the daily average for such period of
the outstanding aggregate principal amount of the Tranche A Term Loan.
"Voting Stock" means, with respect to any Person, capital
stock issued by such Person the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of
directors (or persons performing similar functions) of such Person,
even though the right so to vote has been suspended by the happening
of such a contingency.
"Wholly Owned Subsidiary" of any Person means any Subsidiary
100% of whose Voting Stock or other equity
- 30 -
E-35
<PAGE> 36
interests is at the time owned by such Person directly or indirectly
through other Wholly Owned Subsidiaries.
1.2 Computation of Time Periods. For purposes of computation of
periods of time hereunder, the word "from" means "from and including" and the
words "to" and "until" each mean "to but excluding."
1.3 Accounting Terms. Except as otherwise expressly provided
herein, all accounting terms used herein shall be interpreted, and all
financial statements and certificates and reports as to financial matters
required to be delivered to the Lenders hereunder shall be prepared, in
accordance with GAAP applied on a consistent basis. All calculations made for
the purposes of determining compliance with this Credit Agreement shall (except
as otherwise expressly provided herein) be made by application of GAAP applied
on a basis consistent with the most recent annual or quarterly financial
statements delivered pursuant to Section 7.1 hereof (or, prior to the delivery
of the first financial statements pursuant to Section 7.1 hereof, consistent
with the financial statements as at January 1, 1995); provided, however, if (a)
the Borrower shall object to determining such compliance on such basis at the
time of delivery of such financial statements due to any change in GAAP or the
rules promulgated with respect thereto or (b) the Agent or the Required Lenders
shall so object in writing within 30 days after delivery of such financial
statements, then such calculations shall be made on a basis consistent with the
most recent financial statements delivered by the Borrower to the Lenders as to
which no such objection shall have been made.
SECTION 2
CREDIT FACILITIES
2.1 Revolving Loans.
(a) Revolving Commitment. Subject to the terms and
conditions hereof and in reliance upon the representations and
warranties set forth herein, each Lender severally agrees to make
available to the Borrower such Lender's Revolving Commitment
Percentage of revolving credit loans in Dollars ("Revolving Loans")
from time to time from the Effective Date until the Termination Date,
or such earlier date as the Revolving Commitments shall have been
terminated as provided herein for the purposes hereinafter set forth;
provided, however, that the sum of the aggregate principal amount of
outstanding Revolving Loans shall not exceed the lesser of (a) THIRTY
FIVE MILLION DOLLARS ($35,000,000.00) (as such aggregate maximum
amount may be reduced from time to time as provided in Section 3.4(a),
the "Revolving Committed Amount") and (b) the Borrowing Base;
provided, further, (i) with regard to each Lender individually, such
- 31 -
E-36
<PAGE> 37
Lender's outstanding Revolving Loans shall not exceed such Lender's
Revolving Commitment Percentage of the Revolving Committed Amount, and
(ii) with regard to the Lenders collectively, the aggregate principal
amount of outstanding Revolving Loans plus the Dollar Amount (as
determined as of the most recent Determination Date) of the aggregate
principal amount of outstanding Foreign Currency Loans plus the
aggregate principal amount of outstanding Swingline Loans plus LOC
Obligations outstanding shall not exceed the lesser of (A) the
Revolving Committed Amount and (B) the Borrowing Base. Revolving
Loans may consist of Base Rate Loans or Eurodollar Loans, or a
combination thereof, as the Borrower may request, and may be repaid
and reborrowed in accordance with the provisions hereof; provided,
however, that (x) during the Initial Interest Rate Period, all
Eurodollar Loans shall have an Interest Period of one (1) month and
(y) no more than 10 Eurodollar Loans shall be outstanding hereunder at
any time. For purposes hereof, Eurodollar Loans with different
Interest Periods and/or in different currencies shall be considered as
separate Eurodollar Loans, even if they begin on the same date,
although borrowings, extensions and conversions may, in accordance
with the provisions hereof, be combined at the end of existing
Interest Periods to constitute a new Eurodollar Loan with a single
Interest Period and in the same currency. Revolving Loans hereunder
may be repaid and reborrowed in accordance with the provisions hereof.
(b) Revolving Loan Borrowings.
(i) Notice of Borrowing. The Borrower
shall request a Revolving Loan borrowing by written notice (or
telephone notice promptly confirmed in writing) to the Agent
not later than 11:00 A.M. (Dallas, Texas time) on the Business
Day prior to the date of the requested borrowing in the case
of Base Rate Loans, and on the third Business Day prior to the
date of the requested borrowing in the case of Eurodollar
Loans. Each such request for borrowing shall be irrevocable
and shall specify (A) that a Revolving Loan is requested, (B)
the date of the requested borrowing (which shall be a Business
Day), (C) the aggregate principal amount to be borrowed and
(D) whether the borrowing shall be comprised of Base Rate
Loans, Eurodollar Loans or a combination thereof, and (after
the Initial Interest Rate Period) if Eurodollar Loans are
requested, the Interest Period(s) therefor. If the Borrower
shall fail to specify in any such Notice of Borrowing (I) an
applicable Interest Period in the case of a Eurodollar Loan,
then such notice shall be deemed to be a request for an
Interest Period of one month or (II) the type of Revolving
Loan requested, then such notice shall be deemed to be a
request for a Base Rate Loan hereunder. The Agent shall give
notice to each
- 32 -
E-37
<PAGE> 38
affected Lender promptly upon receipt of each Notice of
Borrowing pursuant to this Section 2.1(b)(i), the contents
thereof and each such Lender's share of any borrowing to be
made pursuant thereto.
(ii) Minimum Amounts. Each Eurodollar
Loan or Base Rate Loan that is a Revolving Loan shall be in a
minimum aggregate principal amount of $2,000,000 and integral
multiples of $100,000 in excess thereof (or the remaining
amount of the Revolving Committed Amount, if less).
(iii) Advances. Each Lender will make its
Revolving Commitment Percentage of each Revolving Loan
borrowing available to the Agent for the account of the
Borrower as specified in Section 3.15(b), or in such other
manner as the Agent may specify in writing, by 1:00 P.M.
(Dallas, Texas time) on the date specified in the applicable
Notice of Borrowing in Dollars and in funds immediately
available to the Agent. Such borrowing will then be made
available to the Borrower by the Agent by crediting the
account of the Borrower on the books of such office with the
aggregate of the amounts made available to the Agent by the
Lenders and in like funds as received by the Agent.
(c) Repayment. The principal amount of all Revolving
Loans shall be due and payable in full on the Termination Date.
(d) Interest. Subject to the provisions of Section 3.1,
Revolving Loans shall bear interest at a per annum rate equal to:
(i) Base Rate Loans. During such
periods as Revolving Loans shall be comprised of Base Rate
Loans, the Base Rate plus the Applicable Percentage;
(ii) Eurodollar Loans. During such
periods as Revolving Loans shall be comprised of Eurodollar
Loans, the Eurodollar Rate plus the Applicable Percentage.
Interest on Revolving Loans shall be payable in arrears on each
applicable Interest Payment Date (or at such other times as may be
specified herein).
(e) Revolving Notes. The Revolving Loans made by each
Lender shall be evidenced by a duly executed promissory note of the
Borrower to each Lender in substantially the form of Schedule 2.1(e).
2.2 Letter of Credit Subfacility.
- 33 -
E-38
<PAGE> 39
(a) Issuance. Subject to the terms and conditions hereof and
of the LOC Documents, if any, and any other terms and conditions which
the Issuing Lender may reasonably require, the Lenders (based on their
respective Revolving Commitment Percentages) will participate in the
issuance by the Issuing Lender from time to time of such standby
Letters of Credit from the Effective Date until the Termination Date
as the Borrower may request, in a form acceptable to the Issuing
Lender; provided, however, that (i) the LOC Obligations outstanding
shall not at any time exceed FIVE MILLION DOLLARS ($5,000,000.00) (the
"LOC Committed Amount") and (ii) the sum of the aggregate principal
amount of outstanding Revolving Loans plus the Dollar Amount (as
determined as of the most recent Determination Date) of the aggregate
principal amount of outstanding Foreign Currency Loans plus the
aggregate principal amount of outstanding Swingline Loans plus LOC
Obligations outstanding shall not at any time exceed the lesser of (a)
the Revolving Committed Amount and (b) the Borrowing Base. No Letter
of Credit shall (x) have an original expiry date more than one year
from the date of issuance or (y) as originally issued or as extended,
have an expiry date extending beyond the Termination Date. Each
Letter of Credit shall comply with the related LOC Documents and shall
be issued in Dollars. The issuance and expiry date of each Letter of
Credit shall be a Business Day.
(b) Notice and Reports. The request for the issuance of
a Letter of Credit shall be submitted by the Borrower to the Issuing
Lender at least three (3) Business Days prior to the requested date of
issuance. The Issuing Lender will, at least quarterly and more
frequently upon request, disseminate to each of the Lenders a detailed
report specifying the Letters of Credit which are then issued and
outstanding and any activity with respect thereto which may have
occurred since the date of the prior report, and including therein,
among other things, the account party, the beneficiary, the face
amount, expiry date as well as any payment or expirations which may
have occurred.
(c) Participation. Each Lender, upon issuance of a
Letter of Credit, shall be deemed to have purchased without recourse a
risk participation from the Issuing Lender in such Letter of Credit
and the obligations arising thereunder, in each case in an amount
equal to its pro rata share of the obligations under such Letter of
Credit (based on the respective Revolving Commitment Percentages of
the Lenders) and shall absolutely, unconditionally and irrevocably
assume, as primary obligor and not as surety, and be obligated to pay
to the Issuing Lender therefor and discharge when due, its
- 34 -
E-39
<PAGE> 40
pro rata share of the obligations arising under such Letter of Credit.
Without limiting the scope and nature of each Lender's participation
in any Letter of Credit, to the extent that the Issuing Lender has not
been reimbursed as required hereunder or under any such Letter of
Credit, each such Lender shall pay to the Issuing Lender its pro rata
share of such unreimbursed drawing in same day funds on the day of
notification by the Issuing Lender of an unreimbursed drawing pursuant
to the provisions of subsection (d) hereof. The obligation of each
Lender to so reimburse the Issuing Lender shall be absolute and
unconditional and shall not be affected by the occurrence of a
Default, an Event of Default or any other occurrence or event. Any
such reimbursement shall not relieve or otherwise impair the
obligation of the Borrower to reimburse the Issuing Lender under any
Letter of Credit, together with interest as hereinafter provided.
(d) Reimbursement. In the event of any drawing under any
Letter of Credit, the Issuing Lender will promptly notify the
Borrower. Unless the Borrower shall immediately notify the Issuing
Lender that the Borrower intends to otherwise reimburse the Issuing
Lender for such drawing, the Borrower shall be deemed to have
requested that the Lenders make a Revolving Loan in the amount of the
drawing as provided in subsection (e) hereof on the related Letter of
Credit, the proceeds of which will be used to satisfy the related
reimbursement obligations. The Borrower promises to reimburse the
Issuing Lender on the day of drawing under any Letter of Credit
(either with the proceeds of a Revolving Loan obtained hereunder or
otherwise) in same day funds. If the Borrower shall fail to reimburse
the Issuing Lender as provided hereinabove, the unreimbursed amount of
such drawing shall bear interest at a per annum rate equal to the Base
Rate plus the sum of (i) the Applicable Percentage for Base Rate Loans
which are Revolving Loans and (ii) two percent (2%). The Borrower's
reimbursement obligations hereunder shall be absolute and
unconditional under all circumstances irrespective of any rights of
setoff, counterclaim or defense to payment which the applicable
account party or the Borrower may claim or have against the Issuing
Lender, the Agent, the Lenders, the beneficiary of the Letter of
Credit drawn upon or any other Person, including without limitation
any defense based on any failure of the applicable account party, the
Borrower, or any other Credit Party to receive consideration or the
legality, validity, regularity or unenforceability of the Letter of
Credit; provided, however that the foregoing shall not constitute a
waiver of any claim that the applicable account party may have against
the
- 35 -
E-40
<PAGE> 41
Issuing Lender in connection with a Letter of Credit under applicable
law, including without limitation a claim for wrongful payment. The
Issuing Lender will promptly notify the other Lenders of the amount of
any unreimbursed drawing and each Lender shall promptly pay to the
Agent for the account of the Issuing Lender in Dollars and in
immediately available funds, an amount equal to such Lender's
Revolving Commitment Percentage of such unreimbursed drawing. Such
payment shall be made on the day such notice is received by such
Lender from the Issuing Lender if such notice is received at or before
2:00 P.M. (Dallas, Texas time) otherwise such payment shall be made at
or before 12:00 Noon (Dallas, Texas time) on the Business Day next
succeeding the day such notice is received. If such Lender does not
pay such amount to the Issuing Lender in full upon such request, such
Lender shall, on demand, pay to the Agent for the account of the
Issuing Lender interest on the unpaid amount during the period from
the date of such drawing until such Lender pays such amount to the
Issuing Lender in full at a rate per annum equal to, if paid within
two (2) Business Days of the date that such Lender is required to make
payments of such amount pursuant to the preceding sentence, the
Federal Funds Rate and thereafter at a rate equal to the Base Rate.
Each Lender's obligation to make such payment to the Issuing Lender,
and the right of the Issuing Lender to receive the same, shall be
absolute and unconditional, shall not be affected by any circumstance
whatsoever and without regard to the termination of this Credit
Agreement or the Commitments hereunder, the existence of a Default or
Event of Default or the acceleration of the obligations of the
Borrower hereunder and shall be made without any offset, abatement,
withholding or reduction whatsoever. Simultaneously with the making
of each such payment by a Lender to the Issuing Lender, such Lender
shall, automatically and without any further action on the part of the
Issuing Lender or such Lender, acquire a participation in an amount
equal to such payment (excluding the portion of such payment
constituting interest owing to the Issuing Lender) in the related
unreimbursed drawing portion of the LOC Obligation and in the interest
thereon and in the related LOC Documents, and shall have a claim
against the Borrower with respect thereto.
(e) Repayment with Revolving Loans. On any day on which the
Borrower shall have requested, or been deemed to have requested, a
Revolving Loan advance to reimburse a drawing under a Letter of
Credit, the Agent shall give notice to the Lenders that a Revolving
Loan has been requested or deemed requested by the Borrower to be made
in connection with a drawing under a Letter of Credit, in which case a
Revolving Loan advance
- 36 -
E-41
<PAGE> 42
comprised solely of Base Rate Loans shall be immediately made to the
Borrower by all Lenders (notwithstanding any termination of the
Commitments pursuant to Section 9.2) pro rata based on the respective
Revolving Commitment Percentages of the Lenders (determined before
giving effect to any termination of the Commitments pursuant to
Section 9.2) and the proceeds thereof shall be paid directly to the
Issuing Lender for application to the respective LOC Obligations.
Each such Lender hereby irrevocably agrees to make its pro rata share
of each such Revolving Loan immediately upon any such request or
deemed request in the amount, in the manner and on the date specified
in the preceding sentence notwithstanding (i) the amount of such
borrowing may not comply with the minimum amount for advances of
Revolving Loans otherwise required hereunder, (ii) whether any
conditions specified in Section 5.3 are then satisfied, (iii) whether
a Default or an Event of Default then exists, (iv) failure for any
such request or deemed request for Revolving Loan to be made by the
time otherwise required hereunder, (v) whether the date of such
borrowing is a date on which Revolving Loans are otherwise permitted
to be made hereunder or (vi) any termination of the Commitments
relating thereto immediately prior to or contemporaneously with such
borrowing. In the event that any Revolving Loan cannot for any reason
be made on the date otherwise required above (including, without
limitation, as a result of the commencement of a proceeding under the
Bankruptcy Code with respect to the Borrower or any other Credit
Party), then each such Lender hereby agrees that it shall forthwith
purchase (as of the date such borrowing would otherwise have occurred,
but adjusted for any payments received from the Borrowers on or after
such date and prior to such purchase) from the Issuing Lender such
participation in the outstanding LOC Obligations as shall be necessary
to cause each such Lender to share in such LOC Obligations ratably
(based upon the respective Revolving Commitment Percentages of the
Lenders (determined before giving effect to any termination of the
Commitments pursuant to Section 9.2)), provided that at the time any
purchase of participation pursuant to this sentence is actually made,
the purchasing Lender shall be required to pay to the Issuing Lender,
to the extent not paid to the Issuing Lender by the Borrowers in
accordance with the terms of subsection (d) hereof, interest on the
principal amount of participation purchased for each day from the day
upon which such borrowing would otherwise have occurred to the date of
payment for such participation, at the rate equal to, if paid within
two (2) Business Days of the date of the Revolving Loan
- 37 -
E-42
<PAGE> 43
advance, the Federal Funds Rate, and thereafter at a rate equal to the
Base Rate.
(f) Designation of Subsidiaries as Account Parties.
Notwithstanding anything to the contrary set forth in this Credit
Agreement, including without limitation Section 2.2(a) hereof, a
Letter of Credit issued hereunder may contain a statement to the
effect that such Letter of Credit is issued for the account of a
Subsidiary of the Borrower, provided that notwithstanding such
statement, the Borrower shall be the actual account party for all
purposes of this Credit Agreement for such Letter of Credit and such
statement shall not affect the Borrower's reimbursement obligations
hereunder with respect to such Letter of Credit.
(g) Renewal, Extension. The renewal or extension of any
Letter of Credit shall, for purposes hereof, be treated in all
respects the same as the issuance of a new Letter of Credit hereunder.
(h) Uniform Customs and Practices. The Issuing Lender may
have the Letters of Credit be subject to The Uniform Customs and
Practice for Documentary Credits, as published as of the date of issue
by the International Chamber of Commerce (the "UCP"), in which case
the UCP may be incorporated therein and deemed in all respects to be a
part thereof.
(i) Indemnification; Nature of Issuing Lender's Duties.
(i) In addition to its other obligations under this Section 2.2, the
Borrower hereby agrees to protect, indemnify, pay and save the Issuing
Lender harmless from and against any and all claims, demands,
liabilities, damages, losses, costs, charges and expenses (including
reasonable attorneys' fees) that the Issuing Lender may incur or be
subject to as a consequence, direct or indirect, of (A) the issuance
of any Letter of Credit or (B) the failure of the Issuing Lender to
honor a drawing under a Letter of Credit as a result of any act or
omission, whether rightful or wrongful, of any present or future de
jure or de facto government or governmental authority (all such acts
or omissions, herein called "Government Acts").
(ii) As between the Borrower and the Issuing Lender, the
Borrower shall assume all risks of the acts, omissions or misuse of
any Letter of Credit by the beneficiary thereof. The Issuing Lender
shall not be responsible: (A) for the form, validity, sufficiency,
accuracy, genuineness or legal effect of any document submitted by any
party in connection with the application for and issuance of any
Letter of Credit, even if it should in fact prove to be in any or all
respects invalid, insufficient, inaccurate, fraudulent or forged; (B)
for the validity or
- 38 -
E-43
<PAGE> 44
sufficiency of any instrument transferring or assigning or purporting
to transfer or assign any Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, that may prove to
be invalid or ineffective for any reason; (C) for errors, omissions,
interruptions or delays in transmission or delivery of any messages,
by mail, cable, telegraph, telex or otherwise, whether or not they be
in cipher; (D) for any loss or delay in the transmission or otherwise
of any document required in order to make a drawing under a Letter of
Credit or of the proceeds thereof; and (E) for any consequences
arising from causes beyond the control of the Issuing Lender,
including, without limitation, any Government Acts. None of the above
shall affect, impair, or prevent the vesting of the Issuing Lender's
rights or powers hereunder.
(iii) In furtherance and extension and not in limitation of
the specific provisions hereinabove set forth, any action taken or
omitted by the Issuing Lender, under or in connection with any Letter
of Credit or the related certificates, if taken or omitted in good
faith, shall not put such Issuing Lender under any resulting liability
to the Borrower or any other Credit Party. It is the intention of the
parties that this Credit Agreement shall be construed and applied to
protect and indemnify the Issuing Lender against any and all risks
involved in the issuance of the Letters of Credit, all of which risks
are hereby assumed by the Borrower (on behalf of itself and each of
the other Credit Parties), including, without limitation, any and all
Government Acts. The Issuing Lender shall not, in any way, be liable
for any failure by the Issuing Lender or anyone else to pay any
drawing under any Letter of Credit as a result of any Government Acts
or any other cause beyond the control of the Issuing Lender.
(iv) Nothing in this subsection (i) is intended to limit
the reimbursement obligations of the Borrower contained in subsection
(d) above. The obligations of the Borrower under this subsection (i)
shall survive the termination of this Credit Agreement. No act or
omissions of any current or prior beneficiary of a Letter of Credit
shall in any way affect or impair the rights of the Issuing Lender to
enforce any right, power or benefit under this Credit Agreement.
(v) Notwithstanding anything to the contrary contained in
this subsection (i), the Borrower shall have no obligation to
indemnify the Issuing Lender in respect of any liability incurred by
the Issuing Lender (A) arising solely out of the negligence or willful
- 39 -
E-44
<PAGE> 45
misconduct of the Issuing Lender, as determined by a court of
competent jurisdiction, or (B) caused by the Issuing Lender's failure
to pay under any Letter of Credit after presentation to it of a
request strictly complying with the terms and conditions of such
Letter of Credit, as determined by a court of competent jurisdiction,
unless such payment is prohibited by any law, regulation, court order
or decree.
(j) Responsibility of Issuing Lender. It is expressly
understood and agreed that the obligations of the Issuing Lender
hereunder to the Lenders are only those expressly set forth in this
Credit Agreement and that the Issuing Lender shall be entitled to
assume that the conditions precedent set forth in Section 5.3 have
been satisfied unless it shall have acquired actual knowledge that any
such condition precedent has not been satisfied; provided, however,
that nothing set forth in this Section 2.2 shall be deemed to
prejudice the right of any Lender to recover from the Issuing Lender
any amounts made available by such Lender to the Issuing Lender
pursuant to this Section 2.2 in the event that it is determined by a
court of competent jurisdiction that the payment with respect to a
Letter of Credit constituted negligence or willful misconduct on the
part of the Issuing Lender.
(k) Conflict with LOC Documents. In the event of any
conflict between this Credit Agreement and any LOC Document, this
Credit Agreement shall control.
2.3 Swingline Loan Subfacility.
(a) Swingline Commitment. Subject to the terms and conditions
hereof and in reliance upon the representations and warranties herein set
forth, the Swingline Lender, in its individual capacity, agrees to make certain
revolving credit loans in Dollars (each a "Swingline Loan" and, collectively,
the "Swingline Loans") to the Borrower from time to time from the Effective
Date until the Termination Date for the purposes hereinafter set forth;
provided, however, (i) the aggregate amount of Swingline Loans outstanding at
any time shall not exceed FIVE MILLION DOLLARS ($5,000,000.00) (the "Swingline
Committed Amount"), and (ii) the aggregate principal amount of outstanding
Revolving Loans plus the Dollar Amount (as determined as of the most recent
Determination Date) of the aggregate principal amount of outstanding Foreign
Currency Loans plus the aggregate principal amount of outstanding Swingline
Loans plus LOC Obligations outstanding shall not exceed the lesser of (a) the
Revolving Committed Amount and (b) the Borrowing Base. Swingline Loans
hereunder shall be made as Base Rate Loans and may be repaid and reborrowed in
accordance with the provisions hereof.
(b) Swingline Loan Advances.
- 40 -
E-45
<PAGE> 46
(i) Notices; Disbursement. Whenever the Borrower desires
a Swingline Loan advance hereunder it shall give written notice (or
telephone notice promptly confirmed in writing) to the Swingline
Lender not later than 11:00 A.M. (Dallas, Texas time) on the Business
Day of the requested Swingline Loan advance. Each such notice shall
be irrevocable and shall specify (A) that a Swingline Loan advance is
requested, (B) the date of the requested Swingline Loan advance (which
shall be a Business Day) and (C) the principal amount of the Swingline
Loan advance requested. Each Swingline Loan shall have such maturity
date as the Swingline Lender and the Borrower shall agree upon receipt
by the Swingline Lender of any such notice from the Borrower. The
Swingline Lender shall initiate the transfer of funds representing the
Swingline Loan advance to the Borrower by 2:00 P.M. (Dallas, Texas
time) on the Business Day of the requested borrowing.
(ii) Minimum Amounts. Each Swingline Loan shall be in a
minimum principal amount of $100,000 and in integral multiples of
$100,000 in excess thereof.
(iii) Repayment of Swingline Loans. The principal amount
of all Swingline Loans shall be due and payable on the earlier of (A)
the maturity date agreed to by the Swingline Lender and the Borrower
with respect to such Loan (which maturity date shall not be a date
more than seven (7) Business Days from the date of advance thereof) or
(B) the Termination Date. The Swingline Lender may, at any time, in
its sole discretion, by written notice to the Borrower and the
Lenders, demand repayment of its Swingline Loans by way of a Revolving
Loan advance, in which case the Borrower shall be deemed to have
requested a Revolving Loan advance comprised solely of Base Rate Loans
in the amount of such Swingline Loans; provided, however, that any
such demand shall be deemed to have been given one Business Day prior
to the Termination Date and on the date of the occurrence of any Event
of Default described in Section 9.1 and upon acceleration of the
indebtedness hereunder and the exercise of remedies in accordance with
the provisions of Section 9.2. Each Lender hereby irrevocably agrees
to make its Revolving Commitment Percentage of each such Revolving
Loan available in the amount, in the manner and on the date specified
in the preceding sentence notwithstanding (I) the amount of such
borrowing may not comply with the minimum amount for advances of
Revolving Loans otherwise required hereunder, (II) whether any
conditions specified in Section 5.3 are then satisfied, (III) whether
a Default or an Event of Default then exists, (IV) failure of any such
request or deemed request for Revolving Loan to be made by the time
otherwise required hereunder, (V) whether the date of such borrowing
is a date on which Revolving Loans are otherwise permitted to be made
hereunder or (VI) any termination of
- 41 -
E-46
<PAGE> 47
the Commitments relating thereto immediately prior to or
contemporaneously with such borrowing. In the event that any
Revolving Loan cannot for any reason be made on the date otherwise
required above (including, without limitation, as a result of the
commencement of a proceeding under the Bankruptcy Code with respect to
the Borrower or any other Credit Party), then each Lender hereby
agrees that it shall forthwith purchase (as of the date such borrowing
would otherwise have occurred, but adjusted for any payments received
from the Borrower on or after such date and prior to such purchase)
from the Swingline Lender such participations in the outstanding
Swingline Loans as shall be necessary to cause each such Lender to
share in such Swingline Loans ratably based upon its Revolving
Commitment Percentage of the Revolving Committed Amount (determined
before giving effect to any termination of the Commitments pursuant to
Section 3.4 or Section 9.2), provided that (A) all interest payable on
the Swingline Loans shall be for the account of the Swingline Lender
until the date as of which the respective participation is purchased
and (B) at the time any purchase of participations pursuant to this
sentence is actually made, the purchasing Lender shall be required to
pay to the Swingline Lender, to the extent not paid to the Swingline
Lender by the Borrower in accordance with the terms of subsection
(c)(ii) hereof, interest on the principal amount of participation
purchased for each day from the day upon which such borrowing would
otherwise have occurred to the date of payment for such participation,
at the rate equal to the Federal Funds Rate.
(c) Interest on Swingline Loans. Subject to the provisions of
Section 3.1, each Swingline Loan shall bear interest at a per annum rate equal
to the Base Rate. Interest on Swingline Loans shall be payable in arrears on
each applicable Interest Payment Date (or at such other times as may be
specified herein).
(d) Swingline Note. The Swingline Loans shall be evidenced by a
duly executed promissory note of the Borrower to the Swingline Lender in
substantially the form of Schedule 2.3(d).
2.4 Foreign Currency Loan Subfacility.
(a) Foreign Currency Commitment. Subject to the terms
and conditions hereof and in reliance upon the representations and
warranties set forth herein, each Lender severally agrees to make
available to the Borrower such Lender's Foreign Currency Commitment
Percentage of revolving credit loans in the Available Foreign
Currencies requested by the Borrower ("Foreign Currency Loans") from
time to time from the date five (5) Business Days subsequent to the
Effective Date until the Termination Date, or such earlier date as the
Foreign Currency Commitments shall have been terminated as provided
herein for the purposes hereinafter set forth; provided, however, that
the Dollar Amount (as
- 42 -
E-47
<PAGE> 48
determined as of the most recent Determination Date) of the aggregate
amount of Foreign Currency Loans outstanding at any time shall not
exceed FIVE MILLION DOLLARS ($5,000,000.00) (the "Foreign Currency
Committed Amount"); provided, further, (i) with regard to each Lender
individually, such Lender's outstanding Foreign Currency Loans shall
not exceed such Lender's Foreign Commitment Percentage of the Foreign
Currency Committed Amount, and (ii) with regard to the Lenders
collectively, the aggregate principal amount of outstanding Revolving
Loans plus the Dollar Amount (as determined as of the most recent
Determination Date) of the aggregate principal amount of outstanding
Foreign Currency Loans plus the aggregate principal amount of
outstanding Swingline Loans plus LOC Obligations outstanding shall not
exceed the lesser of (a) the Revolving Committed Amount and (b) the
Borrowing Base. Foreign Currency Loans shall consist solely of
Eurodollar Loans and may be repaid and reborrowed in accordance with
the provisions hereof; provided, however, that (x) during the Initial
Interest Rate Period, all Eurodollar Loans shall have an Interest
Period of one (1) month and (y) no more than 10 Eurodollar Loans shall
be outstanding hereunder at any time. For purposes hereof, Eurodollar
Loans with different Interest Periods and/or in different currencies
shall be considered as separate Eurodollar Loans, even if they begin
on the same date, although borrowings, extensions and conversions may,
in accordance with the provisions hereof, be combined at the end of
existing Interest Periods to constitute a new Eurodollar Loan with a
single Interest Period and in the same currency.
(b) Foreign Currency Loan Borrowings.
(i) Notice of Borrowing. The Borrower
shall request a Foreign Currency Loan borrowing by written
notice (or telephone notice promptly confirmed in writing) to
the Agent not later than 11:00 A.M. (Dallas, Texas time) on
the third Business Day prior to the date of the requested
borrowing. Each such request for borrowing shall be
irrevocable and shall specify (A) that a Foreign Currency Loan
is requested, (B) the requested Available Foreign Currency,
(C) the date of the requested borrowing (which shall be a
Business Day), (D) the aggregate principal amount to be
borrowed and (E) after the Initial Interest Rate Period, the
Interest Period(s) therefor. If the Borrower shall fail to
specify in any such Notice of Borrowing an applicable Interest
Period, then such notice shall be deemed to be a request for
an Interest Period of one month. The Agent shall give notice
to each Lender promptly upon receipt of each Notice of
Borrowing, the contents thereof and each such Lender's share
of any borrowing to be made pursuant thereto.
- 43 -
E-48
<PAGE> 49
(ii) Minimum Amounts. Each Foreign
Currency Loan shall be in a minimum aggregate principal amount
equal to the applicable Foreign Currency Equivalent of
$2,000,000 and integral multiples of the applicable Foreign
Currency Equivalent of $100,000 in excess thereof (or the
remaining amount of the Foreign Currency Commitment, if less).
(iii) Advances. Each Lender will make its
Foreign Currency Commitment Percentage of each Foreign
Currency Loan borrowing available to the Agent by 1:00 P.M.,
local time in the place where such deposit is required to be
made by the succeeding terms hereof, on the date specified in
the applicable Notice of Borrowing by deposit with the Agent,
at the same place and same account specified in Section
3.15(b) for payments by the Borrower in the applicable
Available Foreign Currency, of same day funds in the
applicable Available Foreign Currency. Such deposit will be
made to such accounts as the Agent shall specify from time to
time by notice to the Lenders. To the extent funds are
received from the Lenders, the Agent shall promptly make such
funds available to the Borrower by wire transfer to such
accounts as the Borrower shall have specified to the Agent.
(c) Repayment. The principal amount of all Foreign
Currency Loans shall be due and payable in full in the applicable
Available Foreign Currency on the Termination Date.
(d) Interest. Subject to the provisions of Section 3.1,
Foreign Currency Loans shall bear interest at a per annum rate equal
to the Eurodollar Rate plus the Applicable Percentage. Interest on
Foreign Currency Loans shall be payable (in the applicable Available
Foreign Currency) in arrears on each applicable Interest Payment Date
(or at such other times as may be specified herein).
(e) Foreign Currency Notes. The Foreign Currency Loans
made by each Lender shall be evidenced by a duly executed promissory
note of the Borrower to each Lender in substantially the form of
Schedule 2.4(e).
2.5 Tranche A Term Loan.
(a) Tranche A Term Loan Commitment. Subject to and upon
the terms and conditions and relying upon the representations and
warranties herein set forth, each Lender agrees, severally and not
jointly, to make available to the Borrower, from time to time from the
Effective Date until February 16, 1996, or such earlier date as the
Tranche A Term Loan Commitments shall have been terminated as provided
herein, such Lender's Tranche A Commitment Percentage of
- 44 -
E-49
<PAGE> 50
advances of a term loan in Dollars (the "Tranche A Term Loan") in the
aggregate principal amount of up to TWENTY MILLION DOLLARS
($20,000,000.00) for the purposes hereinafter set forth. The Tranche
A Term Loan may consist of Base Rate Loans or Eurodollar Loans, or a
combination thereof, as the Borrower may request; provided, however,
that (x) during the Initial Interest Rate Period, all Eurodollar Loans
shall have an Interest Period of one (1) month and (y) no more than 10
Eurodollar Loans shall be outstanding hereunder at any time. For
purposes hereof, Eurodollar Loans with different Interest Periods
and/or in different currencies shall be considered as separate
Eurodollar Loans, even if they begin on the same date, although
borrowings, extensions and conversions may, in accordance with the
provisions hereof, be combined at the end of existing Interest Periods
to constitute a new Eurodollar Loan with a single Interest Period and
in the same currency. Subject to and upon the terms and conditions
hereof (including without limitation the terms and conditions set
forth in Section 5), the Tranche A Term Loan shall be made in up to
two (2) separate advances as the Borrower may request in accordance
with subsection (b) of this Section 2.5 from time to time from the
Effective Date until February 16, 1996. Amounts repaid on the Tranche
A Term Loan may not be reborrowed. In the event that the Borrower for
any reason shall fail to borrow on or before February 16, 1996
aggregate advances of the Tranche A Term Loan in amount equal to the
full amount of the Tranche A Term Loan Committed Amount, then the
scheduled amortization payments on the Tranche A Term Loan required
pursuant to the terms of Section 2.5(c) shall be reduced in inverse
order of maturities thereof by the amount by which the Tranche A Term
Loan Committed Amount exceeds the aggregate outstanding principal
balance on the Tranche A Term Loan as of February 16, 1996 (after
giving effect to any advances on the Tranche A Term Loan to be made on
such date).
(b) Tranche A Term Loan Advances.
(i) Notice of Borrowing. The Borrower
shall request a Tranche A Term Loan advance by written notice
(or telephone notice promptly confirmed in writing) to the
Agent not later than 11:00 A.M. (Dallas, Texas time) on the
Business Day prior to the date of the requested borrowing in
the case of Base Rate Loans, and on the third Business Day
prior to the date of the requested borrowing in the case of
Eurodollar Loans. Each such request for borrowing shall be
irrevocable and shall specify (A) that a Tranche A Term Loan
advance is requested, (B) the date of the requested advance
(which shall be a Business Day), (C) the aggregate principal
amount to be advanced and (D) whether the advance shall be
comprised of Base Rate Loans, Eurodollar Loans or a
combination thereof, and
- 45 -
E-50
<PAGE> 51
(after the Initial Interest Rate Period) if Eurodollar Loans
are requested, the Interest Period(s) therefor. If the
Borrower shall fail to specify in any such Notice of Borrowing
(I) an applicable Interest Period in the case of a Eurodollar
Loan, then such notice shall be deemed to be a request for an
Interest Period of one month or (II) the type of Tranche A
Term Loan advance requested, then such notice shall be deemed
to be a request for a Base Rate Loan hereunder. The Agent
shall give notice to each affected Lender promptly upon
receipt of each Notice of Borrowing pursuant to this Section
2.5(b)(i), the contents thereof and each such Lender's share
of any borrowing to be made pursuant thereto.
(ii) Minimum Amounts. Each Eurodollar
Loan or Base Rate Loan that is part of the Tranche A Term Loan
shall be in a minimum aggregate principal amount that is not
less than $2,000,000 and integrals of $100,000 (or the then
remaining principal balance of the Tranche A Term Loan, if
less).
(iii) Advances. Each Lender will make its
Tranche A Term Loan Commitment Percentage of each Tranche A
Term Loan advance available to the Agent for the account of
the Borrower as specified in Section 3.15(b), or in such other
manner as the Agent may specify in writing, by 1:00 P.M.
(Dallas, Texas time) on the date specified in the applicable
Notice of Borrowing in Dollars and in funds immediately
available to the Agent. Such advance will then be made
available to the Borrower by the Agent by crediting the
account of the Borrower on the books of such office with the
aggregate of the amounts made available to the Agent by the
Lenders and in like funds as received by the Agent.
(c) Repayment of Tranche A Term Loan. The principal
amount of the Tranche A Term Loan shall be repaid in twenty (20)
consecutive quarterly installments as follows:
<TABLE>
<CAPTION>
Tranche A Principal
Payment Date Amortization Payment
------------ --------------------
<S> <C>
March 31, 1996 $750,000
June 30, 1996 $750,000
September 30, 1996 $750,000
December 31, 1996 $750,000
March 31, 1997 $875,000
June 30, 1997 $875,000
September 30, 1997 $875,000
December 31, 1997 $875,000
March 31, 1998 $875,000
June 30, 1998 $875,000
September 30, 1998 $875,000
</TABLE>
- 46 -
E-51
<PAGE> 52
<TABLE>
<S> <C>
December 31, 1998 $875,000
March 31, 1999 $1,125,000
June 30, 1999 $1,125,000
September 30, 1999 $1,125,000
December 31, 1999 $1,125,000
March 31, 2000 $1,375,000
June 30, 2000 $1,375,000
September 30, 2000 $1,375,000
December 31, 2000 $1,375,000
</TABLE>
(d) Interest. Subject to the provisions of Section 3.1,
the Tranche A Term Loan shall bear interest at a per annum rate equal
to:
(A) Base Rate Loans. During such periods as the
Tranche A Term Loan (or any portion thereof) shall consist of
Base Rate Loans, the Base Rate plus the Applicable Percentage.
(B) Eurodollar Loans. During such periods as the
Tranche A Term Loan (or any portion thereof) shall consist of
Eurodollar Loans, the Eurodollar Rate plus the Applicable
Percentage.
Interest on the Tranche A Term Loan shall be payable in arrears on
each applicable Interest Payment Date (or at such other times as may
be specified herein).
(e) Tranche A Term Notes. The portion of the Tranche A
Term Loan made by each Lender shall be evidenced by a duly executed
promissory note of the Borrower to each such Lender in an original
principal amount equal to such Lender's Tranche A Commitment
Percentage of the Tranche A Term Loan and substantially in the form of
Schedule 2.5(e).
2.6 Tranche B Term Loan.
(a) Tranche B Term Loan Commitment. Subject to and upon
the terms and conditions and relying upon the representations and
warranties herein set forth, each Lender agrees, severally and not
jointly, to make available to the Borrower on the Effective Date such
Lender's Tranche B Commitment Percentage of advances of a term loan in
Dollars (the "Tranche B Term Loan") in the aggregate principal amount
of TWENTY MILLION DOLLARS ($20,000,000.00) for the purposes
hereinafter set forth. The Tranche B Term Loan may consist of Base
Rate Loans or Eurodollar Loans, or a combination thereof, as the
Borrower may request; provided, however, that (x) during the Initial
Interest Rate Period, all Eurodollar Loans shall have an Interest
Period of one (1) month and (y) no more than 10 Eurodollar Loans shall
be outstanding hereunder at any time. For purposes hereof, Eurodollar
Loans with different Interest Periods and/or in different currencies
shall be considered as separate
- 47 -
E-52
<PAGE> 53
Eurodollar Loans, even if they begin on the same date, although
borrowings, extensions and conversions may, in accordance with the
provisions hereof, be combined at the end of existing Interest Periods
to constitute a new Eurodollar Loan with a single Interest Period and
in the same currency. Each Lender will make its Tranche B Commitment
Percentage of the Tranche B Term Loan available to the Agent on the
Effective Date.
(b) Borrowing Procedures. The Borrower shall submit an
appropriate Notice of Borrowing to the Agent on the Business Day prior
to the Effective Date, with respect to the portion of the Tranche B
Term Loan initially consisting of Base Rate Loans, or on the third
Business Day prior to the Effective Date, with respect to the portion
of the Tranche B Term Loan initially consisting of one or more
Eurodollar Loans, which Notice of Borrowing shall specify (i) that the
funding of the Tranche B Term Loan is requested and (ii) the Interest
Period(s) therefor. If the Borrower shall fail to deliver such Notice
of Borrowing to the Agent at least three (3) Business Days prior to
the Effective Date then the full amount of the Tranche B Term Loan
shall be disbursed on the Effective Date for an Interest Period of one
month. Each Lender shall make its Tranche B Commitment Percentage of
the Tranche B Term Loan available to the Agent for the account of the
Borrower as specified in Section 3.15(b), or in such other manner as
the Agent may designate in writing, by 1:00 P.M. (Dallas, Texas time)
on the Effective Date in Dollars and in funds immediately available to
the Agent.
(c) Minimum Amounts. Each Eurodollar Loan or Base Rate
Loan that is part of the Tranche B Term Loan shall be in a minimum
aggregate principal amount that is not less than $2,000,000 and
integrals of $100,000 (or the then remaining principal balance of the
Tranche B Term Loan, if less).
(d) Repayment of Tranche B Term Loan. The principal
amount of the Tranche B Term Loan shall be repaid in twenty-eight (28)
consecutive quarterly installments as follows:
<TABLE>
<CAPTION>
Tranche B Principal
Payment Date Amortization Payment
------------ --------------------
<S> <C>
March 31, 1996 $125,000
June 30, 1996 $125,000
September 30, 1996 $125,000
December 31, 1996 $125,000
March 31, 1997 $125,000
June 30, 1997 $125,000
September 30, 1997 $125,000
December 31, 1997 $125,000
March 31, 1998 $125,000
</TABLE>
- 48 -
E-53
<PAGE> 54
<TABLE>
<S> <C>
June 30, 1998 $125,000
September 30, 1998 $125,000
December 31, 1998 $125,000
March 31, 1999 $125,000
June 30, 1999 $125,000
September 30, 1999 $125,000
December 31, 1999 $125,000
March 31, 2000 $125,000
June 30, 2000 $125,000
September 30, 2000 $125,000
December 31, 2000 $125,000
March 31, 2001 $2,125,000
June 30, 2001 $2,125,000
September 30, 2001 $2,125,000
December 31, 2001 $2,125,000
March 31, 2002 $2,250,000
June 30, 2002 $2,250,000
September 30, 2002 $2,250,000
December 31, 2002 $2,250,000
</TABLE>
(e) Interest. Subject to the provisions of Section 3.1,
the Tranche B Term Loan shall bear interest at a per annum rate equal
to:
(A) Base Rate Loans. During such periods as the
Tranche B Term Loan (or any portion thereof) shall consist of
Base Rate Loans, the Base Rate plus 1.75%.
(B) Eurodollar Loans. During such periods as the
Tranche B Term Loan (or any portion thereof) shall consist of
Eurodollar Loans, the Eurodollar Rate plus 3%.
Interest on the Tranche B Term Loan shall be payable in arrears on
each applicable Interest Payment Date (or at such other times as may
be specified herein).
(f) Tranche B Term Notes. The portion of the Tranche B
Term Loan made by each Lender shall be evidenced by a duly executed
promissory note of the Borrower to each such Lender in an original
principal amount equal to such Lender's Tranche B Commitment
Percentage of the Tranche B Term Loan and substantially in the form of
Schedule 2.6(f).
SECTION 3
OTHER PROVISIONS RELATING TO CREDIT FACILITIES
3.1 Default Rate. Upon the occurrence, and during the
continuance, of an Event of Default, the principal of and, to the extent
permitted by law, interest on the Loans and any other amounts owing hereunder
or under the other Credit Documents shall bear interest, payable on demand, at
a per annum rate 2% greater
- 49 -
E-54
<PAGE> 55
than the rate which would otherwise be applicable (or if no rate is applicable,
whether in respect of interest, fees or other amounts, then 2% greater than the
Base Rate).
3.2 Extension and Conversion. Subject to the terms of Section
5.3, the Borrower shall have the option, on any Business Day, to extend
existing Loans into a subsequent permissible Interest Period or to convert
Loans into Loans of another interest rate type; provided, however, that (i)
except as provided in Section 3.9, Eurodollar Loans may be converted into Base
Rate Loans only on the last day of the Interest Period applicable thereto, (ii)
Eurodollar Loans may be extended, and Base Rate Loans may be converted into
Eurodollar Loans, only if no Default or Event of Default is in existence on the
date of extension or conversion, (iii) Loans extended as, or converted into,
Eurodollar Loans shall be subject to the terms of the definition of "Interest
Period" set forth in Section 1.1 and shall be in such minimum amounts as
provided in Section 2.1(b)(ii), Section 2.4(b)(ii), 2.5(b)(ii) or 2.6(c), as
applicable, (iv) no more than 10 Eurodollar Loans shall be outstanding
hereunder at any time (it being understood that, for purposes hereof,
Eurodollar Loans with different Interest Periods and/or in different currencies
shall be considered as separate Eurodollar Loans, even if they begin on the
same date, although borrowings, extensions and conversions may, in accordance
with the provisions hereof, be combined at the end of existing Interest Periods
to constitute a new Eurodollar Loan with a single Interest Period and in the
same currency), (v) any request for extension or conversion of a Eurodollar
Loan which shall fail to specify an Interest Period shall be deemed to be a
request for an Interest Period of one month, (vi) during the Initial Interest
Rate Period, all Eurodollar Loans shall have an Interest Period of one (1)
month and (vii) Swingline Loans may not be extended or converted pursuant to
this Section 3.2. Each such extension or conversion shall be effected by the
Borrower by giving a Notice of Extension/Conversion (or telephone notice
promptly confirmed in writing) to the Agent prior to 11:00 A.M. (Dallas, Texas
time) on the Business Day of, in the case of the conversion of a Eurodollar
Loan into a Base Rate Loan and on the third Business Day prior to, in the case
of the extension of a Eurodollar Loan as, or conversion of a Base Rate Loan
into, a Eurodollar Loan, the date of the proposed extension or conversion,
specifying the date of the proposed extension or conversion, the Loans to be so
extended or converted, the types of Loans into which such Loans are to be
converted and, if appropriate, the applicable Interest Periods with respect
thereto. Each request for extension or conversion shall constitute a
representation and warranty by the Borrower of the matters specified in
subsections (ii), (iii), (iv), (v) and (vi) of Section 5.3. In the event the
Borrower fails to request extension or conversion of any Eurodollar Loan in
accordance with this Section, or any such conversion or extension is not
permitted or required by this Section, then (i) in the case of any Eurodollar
Loan which is not a Foreign Currency Loan, such Eurodollar Loan shall be
automatically
- 50 -
E-55
<PAGE> 56
converted into a Base Rate Loan at the end of the Interest Period applicable
thereto, and (ii) in the case of any Foreign Currency Loan, such Eurodollar
Loan shall be automatically continued as a Eurodollar Loan in the same
Available Foreign Currency for an Interest Period of one month. The Agent
shall give each Lender notice as promptly as practicable of any such proposed
extension or conversion affecting any Loan.
3.3 Prepayments.
(a) Voluntary Prepayments. The Borrower shall have the
right to prepay Loans in whole or in part from time to time without
premium or penalty; provided, however, that (i) Eurodollar Loans may
only be prepaid on three Business Days' prior written notice to the
Agent and specifying the applicable Loans to be prepaid and (ii) each
such partial prepayment of Loans (other than Swingline Loans) shall be
in a minimum principal amount of $2,000,000 (or the applicable Foreign
Currency Equivalent thereof) and integral multiples of $100,000 (or
the applicable Foreign Currency Equivalent thereof) in excess thereof.
Subject to the foregoing terms, amounts prepaid under this Section
3.3(a) shall be applied as the Borrower may elect.
(b) Mandatory Prepayments of Revolving Loans.
(i) If at any time the sum of the aggregate
principal amount of outstanding Revolving Loans plus the
Dollar Amount (as determined as of the most recent
Determination Date) of the aggregate principal amount of
outstanding Foreign Currency Loans plus the aggregate
principal amount of outstanding Swingline Loans plus LOC
Obligations outstanding shall exceed the lesser of (a) the
Revolving Committed Amount and (b) the Borrowing Base, the
Borrower promises to prepay immediately the outstanding
principal balance on the Revolving Loans in an amount
sufficient to eliminate such excess.
(ii) If on any Determination Date the Dollar
Amount of the aggregate Foreign Currency Loans outstanding
exceeds (as the result of fluctuations in applicable foreign
exchange rates or otherwise) the then Foreign Currency
Committed Amount, the Borrower promises to make a mandatory
prepayment to the Agent in an aggregate Dollar Amount equal to
the excess of
(x) the amount equal to the Dollar
Amount of the aggregate Foreign Currency Loans
outstanding
over
(y) the Foreign Currency Committed
Amount.
- 51 -
E-56
<PAGE> 57
(c) Mandatory Prepayments of Tranche A Term Loan and
Tranche B Term Loan.
(i) Immediately upon the occurrence of any Asset
Disposition Prepayment Event, the Borrower shall prepay the
Tranche A Term Loan and the Tranche B Term Loan in an
aggregate amount equal to the Net Proceeds of the related
Asset Disposition not applied (or caused to be applied) by the
Borrower during the related Application Period to the
purchase, acquisition or construction of Alternative Assets as
contemplated by the terms of Section 8.4(b)(iv).
(ii) Within 120 days after the end of each fiscal
year of the Borrower and its Subsidiaries (commencing with the
fiscal year ending January 1, 1997), the Borrower shall prepay
the Tranche A Term Loan and the Tranche B Term Loan in an
aggregate amount equal to 75% of the Excess Cash Flow for such
prior fiscal year.
(d) General. All prepayments made pursuant to this
Section 3.3 shall (i) be subject to Section 3.12, (ii) in the case of
prepayments of the Tranche A Term Loan or the Tranche B Term Loan, be
applied pro rata between the outstanding Tranche A Term Loan and
Tranche B Term Loan (ratably to the remaining principal installments
thereof) and (iii) be applied first to Base Rate Loans, if any, and
then to Eurodollar Loans in direct order of Interest Period
maturities.
The Borrower will provide notice to the Agent of any prepayment by 11:00 A.M.
(Dallas, Texas time) on the day prior to the date of prepayment. Amounts paid
on the Revolving Loans may be reborrowed in accordance with the provisions
hereof. Amounts prepaid on the Tranche A Term Loan or the Tranche B Term Loan
may not be reborrowed.
3.4 Termination and Reduction of Committed Amounts.
(a) The Borrower may from time to time permanently reduce
or terminate the Revolving Committed Amount in whole or in part (in
minimum aggregate amounts of $2,000,000 or in integral multiples of
$1,000,000 in excess thereof (or, if less, the full remaining amount
of the then applicable Revolving Committed Amount)) upon five Business
Days' prior written notice to the Agent; provided, however, no such
termination or reduction shall be made which would reduce the
Revolving Committed Amount to an amount less than the aggregate
principal amount of outstanding Revolving Loans plus the Dollar Amount
(as determined as of the most recent Determination Date) of the
aggregate principal amount of outstanding Foreign Currency Loans plus
the aggregate principal amount of outstanding Swingline Loans plus LOC
Obligations outstanding. The Agent shall promptly notify
- 52 -
E-57
<PAGE> 58
each of the Lenders of receipt by the Agent of any notice from the
Borrower pursuant to this Section 3.4(a). The Borrower may not reduce
the unfunded portion of the Tranche A Term Loan Committed Amount or of
the Tranche B Term Loan Committed Amount.
(b) The Revolving Commitments of the Lenders, the Foreign
Currency Commitments of the Lenders, the Swingline Commitment of the
Swingline Lender and the LOC Commitment of the Issuing Lender shall
automatically terminate on the Termination Date. The Tranche A Term
Loan Commitment shall automatically terminate on the earlier of (i)
the date of the second advance of the Tranche A Term Loan made
pursuant to Section 2.5(a) or (ii) February 16, 1996. The Tranche B
Term Loan Commitment shall automatically terminate following the
funding of the Tranche B Term Loan pursuant to Section 2.5(a).
(c) The Borrower shall pay to the Agent for the account
of the Lenders in accordance with the terms of Section 3.5(a)(i), on
the date of each termination or reduction of the Revolving Committed
Amount, the Revolving Unused Fee on the amount of the Revolving
Committed Amount so terminated or reduced accrued through the date of
such termination or reduction.
3.5 Fees.
(a) Unused Fees.
(i) Revolving Unused Fee. In consideration of
the Revolving Commitments of the Lenders hereunder, the Borrower
agrees to pay to the Agent for the account of each Lender a fee (the
"Revolving Unused Fee") on the Unused Revolving Committed Amount
computed at a per annum rate for each day during the applicable
Revolving Unused Fee Calculation Period (hereinafter defined) at a
rate equal to the Applicable Percentage for Unused Fees. The
Revolving Unused Fee shall commence to accrue on the Closing Date and
shall be due and payable in arrears on the last day of each March,
June, September and December (and any date that the Revolving
Committed Amount is reduced as provided in Section 3.4(a) and the
Termination Date) for the immediately preceding quarter (or portion
thereof) (each such quarter or portion thereof for which the Revolving
Unused Fee is payable hereunder being herein referred to as a
"Revolving Unused Fee Calculation Period"), beginning with the first
of such dates to occur after the Closing Date.
(ii) Tranche A Term Loan Unused Fee. In
consideration of the Tranche A Term Loan Commitments of the Lenders
hereunder, the Borrower agrees to pay to the Agent for the account of
each Lender a fee (the "Tranche A Term Loan Unused Fee") on the Unused
Tranche A Term Loan
- 53 -
E-58
<PAGE> 59
Committed Amount computed at a per annum rate for each day from the
Closing Date until February 16, 1996 at a rate equal to the Applicable
Percentage for Unused Fees. The Tranche A Term Loan Unused Fee shall
be due and payable in arrears on February 16, 1996.
(b) Letter of Credit Fees.
(i) Issuance Fee. In consideration of the
issuance of Letters of Credit hereunder, the Borrower promises to pay
to the Agent for the account of each Lender a fee (the "Letter of
Credit Fee") on such Lender's Revolving Commitment Percentage of the
average daily maximum amount available to be drawn under each such
Letter of Credit computed at a per annum rate for each day from the
date of issuance to the date of expiration equal to the Applicable
Percentage for the Letter of Credit Fee. The Letter of Credit Fee
will be payable quarterly in arrears on the last day of each March,
June, September and December for the immediately preceding quarter (or
a portion thereof).
(ii) Issuing Lender Fees. In addition to the
Letter of Credit Fee payable pursuant to clause (i) above, the
Borrower promises to pay to the Issuing Lender for its own account
without sharing by the other Lenders (A) a letter of credit fronting
fee of 0.125% on the average daily maximum amount available to be
drawn under each Letter of Credit computed at a per annum rate for
each day from the date of issuance to the date of expiration, such
fronting fee to be payable quarterly in arrears on the last day of
each March, June, September and December for the immediately preceding
quarter (or a portion thereof) and (B) the customary charges from time
to time of the Issuing Lender with respect to the issuance, amendment,
transfer, administration, cancellation and conversion of, and drawings
under, such Letters of Credit (collectively, the "Issuing Lender
Fees").
(c) Agent's Fees. The Borrower agrees to pay to the
Agent, for its own account and for the account of the Issuing Lender
and NationsBanc Capital Markets, Inc., as applicable, the fees
referred to in the Agent's Fee Letter (collectively, the "Agent's
Fees").
3.6 Eurocurrency Reserve Compensation. For so long as any Lender
maintains reserves against "Eurocurrency liabilities" (or any other category of
liabilities which includes deposits by reference to which the interest rate on
any Eurodollar Loans is determined), and, as a result, the cost to such Lender
of making or maintaining any of its Eurodollar Loans is increased, then such
Lender may require the Borrower to pay, contemporaneously with each payment of
interest on such Eurodollar Loans of such Lender, additional interest at a rate
per annum up to but not exceeding the excess of (i) (A) the applicable
Eurodollar Rate
- 54 -
E-59
<PAGE> 60
divided by (B) one minus the Eurodollar Reserve Percentage over (ii) the
applicable Eurodollar Rate. Any Lender wishing to require payment of such
additional interest (x) shall so notify the Borrower and the Agent, in which
case such additional interest on the Eurodollar Loans of such Lender shall be
payable to such Lender at the place indicated in such notice with respect to
each Interest Period commencing at least three (3) Business Days after the
giving of such notice and (y) shall furnish to the Borrower at least five (5)
Business Days prior to each date on which interest is payable on the Eurodollar
Loans a certificate setting forth the amount to which such Lender is then
entitled under this Section 3.6 (which shall be consistent with such Lender's
good faith estimate of the level at which the related reserves are maintained
by it). Each such certificate shall be accompanied by such information as the
Borrower may reasonably request as to the computation set forth therein.
3.7 Capital Adequacy. If, after the date hereof, any Lender has
determined that the adoption or the becoming effective of, or any change in, or
any change by any Governmental Authority, central bank or comparable agency
charged with the interpretation or administration thereof in the interpretation
or administration of, any applicable law, rule or regulation regarding capital
adequacy, or compliance by such Lender with any request or directive regarding
capital adequacy (whether or not having the force of law) of any such
authority, central bank or comparable agency, has or would have the effect of
reducing the rate of return on such Lender's capital or assets as a consequence
of its commitments or obligations hereunder to a level below that which such
Lender could have achieved but for such adoption, effectiveness, change or
compliance (taking into consideration such Lender's policies with respect to
capital adequacy), then, upon notice from such Lender to the Borrower
accompanied by a certificate from such Lender setting forth the additional
amount or amounts to be paid to it hereunder, the Borrower shall be obligated
to pay to such Lender such additional amount or amounts as will compensate such
Lender for such reduction. Each determination by any such Lender of amounts
owing under this Section shall, absent manifest error, be conclusive and
binding on the parties hereto.
3.8 Unavailability. In the event, and on each occasion, that on
the day two (2) Business Days prior to the commencement of any Interest Period
for a Eurodollar Loan of any amount, Interest Period or currency, the Agent
shall have determined or shall have been notified by the Required Lenders (a)
that deposits in the relevant amount in the relevant currency and for the
relevant Interest Period are not available in the relevant market to any
Lender, or that reasonable means do not exist for ascertaining the Eurodollar
Rate for any such Loan, or (b) that the rates at which such deposits are being
offered will not adequately and fairly reflect the cost to any Lender of making
or maintaining its Eurodollar Loan during such Interest Period, the Agent shall
promptly give written or telecopy notice of such
- 55 -
E-60
<PAGE> 61
determination to the Borrower and the Lenders. In the event of any such
determination, until the Agent shall have advised the Borrower and the Lenders
that the circumstances giving rise to such notice no longer exist, any request
by the Borrower for a Eurodollar Loan of the affected amount, Interest Period
or currency, or a conversion to or continuation of a Eurodollar Loan of the
affected amount, Interest Period or currency, shall be deemed rescinded. Each
determination by the Agent hereunder shall be conclusive absent manifest error.
3.9 Illegality. (a) Notwithstanding any other provision herein,
if (i) the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof occurring after the Closing Date shall
make it unlawful for any Lender to make or maintain any Eurodollar Loan or
Foreign Currency Loan or (ii) there shall have occurred any change in national
or international financial, political or economic conditions (including the
imposition of or any change in exchange controls) or currency exchange rates
which would make it impracticable for any Lender to make Loans denominated in
any Available Foreign Currency to the Borrower, as contemplated by this Credit
Agreement, then, by written notice to the Borrower and to the Agent:
(i) such Lender may declare that Eurodollar Loans
or Foreign Currency Loans (in the affected currency or currencies), as
the case may be, will not thereafter (for the duration of such
unlawfulness or impracticability) be made by such Lender hereunder,
whereupon any request for a Eurodollar Loan or Foreign Currency Loan
(in the affected currency or currencies), as the case may be, shall,
as to such Lender only, (A) if such Loan is not a Foreign Currency
Loan, be deemed a request for a Base Rate Loan, unless such
declaration shall be subsequently withdrawn and (B) if such Loan is a
Foreign Currency Loan, be deemed to have been withdrawn, unless such
declaration shall be subsequently withdrawn; and
(ii) such Lender may require that all outstanding
Eurodollar Loans or Foreign Currency Loans (in the affected currency
or currencies), as the case may be, made by it be (A) if such Loans
are not Foreign Currency Loans, converted to Base Rate Loans, in which
event all such Eurodollar Loans shall be automatically converted to
Base Rate Loans as of the effective date of such notice as provided in
paragraph (b) below or (B) if such Loans are Foreign Currency Loans,
repaid immediately, in which event all such Foreign Currency Loans (in
the affected currency or currencies) shall be required to be repaid in
full by the Borrower as of the effective date of such notice as
provided in paragraph (b) below.
In the event any Lender shall exercise its rights under (i) or (ii) above with
respect to any Loans which are not Foreign
- 56 -
E-61
<PAGE> 62
Currency Loans, all payments and prepayments of principal which would otherwise
have been applied to repay the Eurodollar Loans that would have been made by
such Lender or the converted Eurodollar Loans of such Lender shall instead be
applied to repay the Base Rate Loans made by such Lender in lieu of, or
resulting from the conversion, of such Eurodollar Loans.
(b) For purposes of this Section 3.9, a notice to the Borrower by
any Lender shall be effective as to each such Loan, if lawful, on the last day
of the Interest Period currently applicable to such Loan; in all other cases
such notice shall be effective on the date of receipt by the Borrower.
3.10 Requirements of Law. If the adoption of or any change in any
Requirement of Law or in the interpretation or application thereof applicable
to any Lender, or compliance by any Lender with any request or directive
(whether or not having the force of law) from any central bank or other
Governmental Authority, in each case made subsequent to the Closing Date (or,
if later, the date on which such Lender becomes a Lender):
(a) shall subject such Lender to any tax of any
kind whatsoever with respect to any Letter of Credit, any Eurodollar
Loans made by it or its obligation to make Eurodollar Loans, or change
the basis of taxation of payments to such Lender in respect thereof
(except for Non-Excluded Taxes covered by Section 3.11 (including
Non-Excluded Taxes imposed solely by reason of any failure of such
Lender to comply with its obligations under Section 3.11(b)) and
changes in taxes measured by or imposed upon the overall net income,
or franchise tax (imposed in lieu of such net income tax), of such
Lender or its applicable lending office, branch, or any affiliate
thereof);
(b) shall impose, modify or hold applicable any
reserve, special deposit, compulsory loan or similar requirement
against assets held by, deposits or other liabilities in or for the
account of, advances, loans or other extensions of credit by, or any
other acquisition of funds by, any office of such Lender which is not
otherwise included in the determination of the Eurodollar Rate
hereunder; or
(c) shall impose on such Lender any other
condition (excluding any tax of any kind whatsoever);
and the result of any of the foregoing is to increase the cost to such Lender,
by an amount which such Lender deems to be material, of making, converting
into, continuing or maintaining Eurodollar Loans or issuing or participating in
Letters of Credit or to reduce any amount receivable hereunder in respect
thereof, then, in any such case, upon notice to the Borrower from such Lender,
through the Agent, in accordance herewith, the Borrower shall be obligated to
promptly pay such Lender, upon its demand, any
- 57 -
E-62
<PAGE> 63
additional amounts necessary to compensate such Lender for such increased cost
or reduced amount receivable, provided that, in any such case, the Borrower may
elect to convert the Eurodollar Loans (other than Foreign Currency Loans) made
by such Lender hereunder to Base Rate Loans by giving the Agent at least one
Business Day's notice of such election, in which case the Borrower shall
promptly pay to such Lender, upon demand, without duplication, such amounts, if
any, as may be required pursuant to Section 3.12. If any Lender becomes
entitled to claim any additional amounts pursuant to this subsection, it shall
provide prompt notice thereof to the Borrower, through the Agent, certifying
(x) that one of the events described in this Section 3.10 has occurred and
describing in reasonable detail the nature of such event, (y) as to the
increased cost or reduced amount resulting from such event and (z) as to the
additional amount demanded by such Lender and a reasonably detailed explanation
of the calculation thereof. Such a certificate as to any additional amounts
payable pursuant to this subsection submitted by such Lender, through the
Agent, to the Borrower shall be conclusive and binding on the parties hereto in
the absence of manifest error.
3.11 Taxes.
(a) Except as provided below in this subsection, all
payments made by the Borrower under this Credit Agreement and any
Notes shall be made free and clear of, and without deduction or
withholding for or on account of, any present or future income, stamp
or other taxes, levies, imposts, duties, charges, fees, deductions or
withholdings, now or hereafter imposed, levied, collected, withheld or
assessed by any court, or governmental body, agency or other official,
excluding taxes measured by or imposed upon the overall net income of
any Lender or its applicable lending office, or any branch or
affiliate thereof, and all franchise taxes, branch taxes, taxes on
doing business or taxes on the overall capital or net worth of any
Lender or its applicable lending office, or any branch or affiliate
thereof, in each case imposed in lieu of net income taxes, imposed:
(i) by the jurisdiction under the laws of which such Lender,
applicable lending office, branch or affiliate is organized or is
located, or in which its principal executive office is located, or any
nation within which such jurisdiction is located or any political
subdivision thereof; or (ii) by reason of any connection between the
jurisdiction imposing such tax and such Lender, applicable lending
office, branch or affiliate other than a connection arising solely
from such Lender having executed, delivered or performed its
obligations, or received payment under or enforced, this Credit
Agreement or any Notes. If any such non-excluded taxes, levies,
imposts, duties, charges, fees, deductions or withholdings
("Non-Excluded Taxes") are required to be withheld from any amounts
payable to the Agent or any Lender hereunder or under any Notes, (A)
the
- 58 -
E-63
<PAGE> 64
amounts so payable to the Agent or such Lender shall be increased to
the extent necessary to yield to the Agent or such Lender (after
payment of all Non-Excluded Taxes) interest or any such other amounts
payable hereunder at the rates or in the amounts specified in this
Credit Agreement and any Notes, provided, however, that, to the extent
the Borrower is required to withhold any Non-Excluded Taxes as a
result the failure of any Lender that is not organized under the laws
of the United States of America or a state thereof to comply with the
requirements of paragraph (b) of this subsection (a "Non-Filing
Lender"), the Borrower shall be entitled to deduct and withhold such
Non-Excluded Taxes and shall not be required to increase any such
amounts payable to such Non-Filing Lender, and (B) as promptly as
possible thereafter the Borrower shall send to the Agent for its own
account or for the account of such Lender, as the case may be, a
certified copy of an original official receipt received by the
Borrower showing payment thereof. If the Borrower fails to pay any
Non-Excluded Taxes when due to the appropriate taxing authority or
fails to remit to the Agent the required receipts or other required
documentary evidence, the Borrower shall indemnify the Agent and the
Lenders for any incremental taxes, interest or penalties that may
become payable by the Agent or any Lender as a result of any such
failure.
(b) Each Lender that is not incorporated under the laws
of the United States of America or a state thereof shall:
(X)(i) on or before the date of any payment by the
Borrower under this Credit Agreement or Notes to such Lender,
deliver to the Borrower and the Agent (A) two (2) duly
completed copies of United States Internal Revenue Service
Form 1001 or 4224, or successor applicable form, as the case
may be, certifying that it is entitled to receive payments
under this Credit Agreement and any Notes without deduction or
withholding of any United States federal income taxes and (B)
an Internal Revenue Service Form W-8 or W-9, or successor
applicable form, as the case may be, certifying that it is
entitled to an exemption from United States backup withholding
tax;
(ii) deliver to the Borrower and the Agent two
(2) further copies of any such form or certification on or
before the date that any such form or certification expires
or becomes obsolete and after the occurrence of any event
requiring a change in the most recent form previously
delivered by it to the Borrower; and
(iii) obtain such extensions of time for filing
and complete such forms or certifications as may
- 59 -
E-64
<PAGE> 65
reasonably be requested by the Borrower or the Agent; or
(Y) in the case of any such Lender that is not a "bank"
within the meaning of Section 881(c)(3)(A) of the Internal Revenue
Code, (i) represent to the Borrower (for the benefit of the Borrower
and the Agent) that it is not a bank within the meaning of Section
881(c)(3)(A) of the Internal Revenue Code, (ii) agree to furnish to
the Borrower on or before the date of any payment by the Borrower,
with a copy to the Agent two (2) accurate and complete original signed
copies of Internal Revenue Service Form W-8, or successor applicable
form certifying to such Lender's legal entitlement at the date of such
certificate to an exemption from U.S. withholding tax under the
provisions of Section 881(c) of the Internal Revenue Code with respect
to payments to be made under this Credit Agreement and any Notes (and
to deliver to the Borrower and the Agent two (2) further copies of
such form on or before the date it expires or becomes obsolete and
after the occurrence of any event requiring a change in the most
recently provided form and, if necessary, obtain any extensions of
time reasonably requested by the Borrower or the Agent for filing and
completing such forms), and (iii) agree, to the extent legally
entitled to do so, upon reasonable request by the Borrower, to provide
to the Borrower (for the benefit of the Borrower and the Agent) such
other forms as may be reasonably required in order to establish the
legal entitlement of such Lender to an exemption from withholding with
respect to payments under this Credit Agreement and any Notes;
unless in any such case any change in treaty, law or regulation has occurred
after the date such Person becomes a Lender hereunder which renders all such
forms inapplicable or which would prevent such Lender from duly completing and
delivering any such form with respect to it and such Lender so advises the
Borrower and the Agent. Each Person that shall become a Lender or a
participant of a Lender pursuant to Section 11.3 shall, upon the effectiveness
of the related transfer, be required to provide all of the forms,
certifications and statements required pursuant to this subsection, provided
that in the case of a participant of a Lender the obligations of such
participant of a Lender pursuant to this subsection (b) shall be determined as
if the participant of a Lender were a Lender except that such participant of a
Lender shall furnish all such required forms, certifications and statements to
the Lender from which the related participation shall have been purchased.
3.12 Indemnity. The Borrower promises to indemnify each Lender and
to hold each Lender harmless from any loss or expense which such Lender may
sustain or incur (other than through such Lender's negligence or willful
misconduct) as a consequence of (a) default by the Borrower in making a
borrowing of, conversion into or continuation of Eurodollar Loans after the
Borrower has
- 60 -
E-65
<PAGE> 66
given a notice requesting the same in accordance with the provisions of this
Credit Agreement, (b) default by the Borrower in making any prepayment of a
Eurodollar Loan after the Borrower has given a notice thereof in accordance
with the provisions of this Credit Agreement or (c) the making of a prepayment
of Eurodollar Loans on a day which is not the last day of an Interest Period
with respect thereto. Such indemnification may include an amount equal to the
excess, if any, of (i) the amount of interest which would have accrued on the
amount so prepaid, or not so borrowed, converted or continued, for the period
from the date of such prepayment or of such failure to borrow, convert or
continue to the last day of the applicable Interest Period (or, in the case of
a failure to borrow, convert or continue, the Interest Period that would have
commenced on the date of such failure) in each case at the applicable rate of
interest for such Loans provided for herein over (ii) the amount of interest
(as reasonably determined by such Lender) which would have accrued to such
Lender on such amount for the related period (but excluding loss of the
Applicable Percentage, if any, applied to the amount so prepaid or not so
borrowed, converted or continued for the related period).
3.13 Pro Rata Treatment. Except to the extent otherwise provided
herein:
(a) Loans. Each Loan (other than Swingline Loans), each
payment or prepayment of principal of any Loan (other than Swingline
Loans) or reimbursement obligations arising from drawings under
Letters of Credit, each payment of interest on the Loans (other than
Swingline Loans) or reimbursement obligations arising from drawings
under Letters of Credit, each payment of Unused Fees, each payment of
the Letter of Credit Fee, each reduction of the Revolving Committed
Amount, and each conversion or extension of any Loan (other than a
Swingline Loan), shall be allocated pro rata among the Lenders in
accordance with their respective Revolving Commitment Percentages,
Foreign Currency Commitment Percentages, Tranche A Term Loan
Commitment Percentages or Tranche B Term Loan Commitment Percentages,
as applicable.
(b) Advances. Unless the Agent shall have been notified
in writing by any Lender prior to a borrowing that such Lender will
not make the amount that would constitute its ratable share of such
borrowing available to the Agent, the Agent may assume that such
Lender is making such amount available to the Agent, and the Agent
may, in reliance upon such assumption, make available to the Borrower
a corresponding amount. If such amount is not made available to the
Agent by such Lender within the time period specified therefor
hereunder, such Lender shall pay to the Agent, on demand, such amount
with interest thereon (or, in the case of a Foreign Currency Loan,
interest on the daily Dollar Equivalent of such amount) at a rate
equal to the Federal
- 61 -
E-66
<PAGE> 67
Funds Rate for the period until such Lender makes such amount
immediately available to the Agent. A certificate of the Agent
submitted to any Lender with respect to any amounts owing under this
subsection shall be conclusive in the absence of manifest error. If
such Lender's ratable share of such borrowing is not made available to
the Agent by such Lender within two Business Days of the date of the
related borrowing, (i) the Agent shall notify the Borrower of the
failure of such Lender to make such amount available to the Agent and
the Agent shall also be entitled to recover such amount with interest
thereon at the rate per annum applicable to Base Rate Loans hereunder,
on demand, from the Borrower and (ii) then the Borrower may, without
waiving any rights it may have against such Lender, borrow a like
amount on an unsecured basis from any commercial bank for a period
ending on the date upon which such Lender does in fact make such
borrowing available, provided that at the time such borrowing is made
and at all times while such amount is outstanding the Borrower would
be permitted to borrow such amount pursuant to Section 2.1 of this
Credit Agreement.
3.14 Sharing of Payments. The Lenders agree among themselves that,
in the event that any Lender shall obtain payment in respect of any Loan, LOC
Obligations or any other obligation owing to such Lender under this Credit
Agreement through the exercise of a right of setoff, banker's lien or
counterclaim, or pursuant to a secured claim under Section 506 of Title 11 of
the United States Code or other security or interest arising from, or in lieu
of, such secured claim, received by such Lender under any applicable
bankruptcy, insolvency or other similar law or otherwise, or by any other
means, in excess of its pro rata share of such payment as provided for in this
Credit Agreement, such Lender shall promptly purchase from the other Lenders a
participation in such Loans, LOC Obligations and other obligations in such
amounts, and make such other adjustments from time to time, as shall be
equitable to the end that all Lenders share such payment in accordance with
their respective ratable shares as provided for in this Credit Agreement. The
Lenders further agree among themselves that if payment to a Lender obtained by
such Lender through the exercise of a right of setoff, banker's lien,
counterclaim or other event as aforesaid shall be rescinded or must otherwise
be restored, each Lender which shall have shared the benefit of such payment
shall, by repurchase of a participation theretofore sold, return its share of
that benefit (together with its share of any accrued interest payable with
respect thereto) to each Lender whose payment shall have been rescinded or
otherwise restored. The Borrower agrees that any Lender so purchasing such a
participation may, to the fullest extent permitted by law, exercise all rights
of payment, including setoff, banker's lien or counterclaim, with respect to
such participation as fully as if such Lender were a holder of such Loan, LOC
Obligations or other obligation in the amount of such participation. Except as
otherwise expressly provided in this Credit Agreement, if any Lender or the
Agent shall fail to
- 62 -
E-67
<PAGE> 68
remit to the Agent or any other Lender an amount payable by such Lender or the
Agent to the Agent or such other Lender pursuant to this Credit Agreement on
the date when such amount is due, such payments shall be made together with
interest thereon for each date from the date such amount is due until the date
such amount is paid to the Agent or such other Lender at a rate per annum equal
to the Federal Funds Rate. If under any applicable bankruptcy, insolvency or
other similar law, any Lender receives a secured claim in lieu of a setoff to
which this Section 3.14 applies, such Lender shall, to the extent practicable,
exercise its rights in respect of such secured claim in a manner consistent
with the rights of the Lenders under this Section 3.14 to share in the benefits
of any recovery on such secured claim.
3.15 Payments, Computations, Etc.
(a) Currency of Payments. Each payment on account of an
amount due from any Credit Party hereunder or under any other Credit
Document shall be made by such Credit Party to the Agent for the pro
rata account of the Banks entitled to receive such payment as provided
herein in the currency in which such amount is denominated and in such
funds as are customary at the place and time of payment for the
settlement of international payments in such currency. Without
limiting the terms of the preceding sentence, accrued interest on any
Loans denominated in an Available Foreign Currency shall be payable in
the same Available Foreign Currency as such Loan. Upon request, the
Agent will give the Credit Parties a statement showing the computation
used in calculating such amount, which statement shall be conclusive
in the absence of manifest error. The obligation of each Credit Party
to make each payment on account of such amount in the currency in
which such amount is denominated shall not be discharged or satisfied
by any tender, or any recovery pursuant to any judgment, which is
expressed in or converted into any other currency, except to the
extent such tender or recovery shall result in the actual receipt by
the Agent of the full amount in the appropriate currency payable
hereunder. Each Credit Party agrees that its obligation to make each
payment on account of such amount in the currency in which such amount
is denominated shall be enforceable as an additional or alternative
claim for recovery in such currency of the amount (if any) by which
such actual receipt shall fall short of the full amount of such
currency payable hereunder, and shall not be affected by judgment
being obtained for such amount.
(b) Place and Manner of Payments. Except as otherwise
specifically provided herein, all payments hereunder shall be made to
the Agent in immediately available funds, without offset, deduction,
counterclaim or withholding of any kind, prior to 10:00 A.M., local
time in the place where such payment is required to be made pursuant
to this subsection (e), on the date due at: the office of the Agent at
901 Main
- 63 -
E-68
<PAGE> 69
Street, Dallas, Texas (ABA Routing No. 111000025, Account No.
129-200-088-3, Attn.: Corporate Credit Support, Reference: Genicom
Corporation) with respect to payments in Dollars; at Midland Bank PLC,
London, for the account of NationsBank, N.A. for further credit to
NationsBank of Texas, N.A., Account No. 00478549 with respect to
payments in British Pounds Sterling; at Societe Generale, Paris, for
the account of NationsBank, N.A. for further credit to NationsBank of
Texas, N.A., Account No. 000101442920003 with respect to payments in
French Francs; at Commerzbank, Frankfurt, for the account of
NationsBank, N.A. for further credit to NationsBank of Texas, N.A.,
Account No. 400887531200 with respect to payments in Deutsche Marks;
at Bank of Tokyo, Tokyo, for the account of NationsBank, N.A. for
further credit to NationsBank of Texas, N.A., Account No.
653-0433101, with respect to payments in Japanese Yen; at Credito
Italiano, Milan, for the account of NationsBank, N.A. for further
credit to NationsBank of Texas, N.A., Account No. 84184-00, with
respect to payments in Italian Lira; at Royal Bank of Canada, Toronto,
for the account of NationsBank, N.A. for further credit to NationsBank
of Texas, N.A., Account No. 237-332-2 with respect to payments in
Canadian Dollars; or at such other place as may be designated by the
Agent to the Borrower in writing. Any payments received after such
time shall be deemed received on the next succeeding Business Day.
The Agent may, but shall not be obligated to, charge any account of
the Borrower at the Agent for the payment when due of all amounts
payable by the Borrower hereunder. The Borrower shall, at the time it
makes any payment under this Credit Agreement, specify to the Agent
the Loans, LOC Obligations, Fees, interest or other amounts payable by
the Borrower hereunder to which such payment is to be applied (and in
the event that it fails so to specify, or if such application would be
inconsistent with the terms hereof, the Agent shall distribute such
payment to the Lenders in such manner as the Agent may determine to be
appropriate in respect of obligations owing by the Borrower hereunder,
subject to the terms of Section 3.13(a)). The Agent shall promptly
remit in same day funds to each Lender such Lender's share, if any, of
payments received by the Agent for the account of such Lender.
Whenever any payment hereunder shall be stated to be due on a day
which is not a Business Day, the due date thereof shall be extended to
the next succeeding Business Day (subject to accrual of interest and
Fees for the period of such extension), except that in the case of
Eurodollar Loans, if the extension would cause the payment to be made
in the next following calendar month, then such payment shall instead
be made on the next preceding Business Day. Except as expressly
provided otherwise herein, all computations of interest and fees shall
be made on the basis of actual number of days elapsed over a year of
360 days, except with respect to computation of interest on Base Rate
Loans which (unless the Base Rate is determined by reference
- 64 -
E-69
<PAGE> 70
to the Federal Funds Rate) shall be calculated based on a year of 365
or 366 days, as appropriate. Interest shall accrue from and include
the date of borrowing, but exclude the date of payment.
(c) Allocation of Payments After Event of Default.
Notwithstanding any other provisions of this Credit Agreement, to the
contrary, after the occurrence and during the continuance of an Event
of Default, all amounts collected or received by the Agent or any
Lender on account of the Borrower's Obligations or any other amounts
outstanding under any of the Credit Documents or in respect of the
Collateral shall be paid over or delivered as follows:
FIRST, to the payment of all reasonable out-of-pocket costs
and expenses (including without limitation reasonable attorneys' fees)
of the Agent in connection with enforcing the rights of the Lenders
under the Credit Documents and any protective advances made by the
Agent with respect to the Collateral under or pursuant to the terms of
the Collateral Documents;
SECOND, to payment of any fees owed to the Agent or the
Issuing Lender;
THIRD, to the payment of all reasonable out-of-pocket costs
and expenses, (including without limitation, reasonable attorneys'
fees) of each of the Lenders in connection with enforcing its rights
under the Credit Documents or otherwise with respect to the Borrower's
Obligations owing to such Lender;
FOURTH, to the payment of all of the Borrower's Obligations
consisting of accrued fees and interest;
FIFTH, to the payment of the outstanding principal amount of
the Borrower's Obligations (including the payment or cash
collateralization of the outstanding LOC Obligations);
SIXTH, to all other Borrower's Obligations and other
obligations which shall have become due and payable under the Credit
Documents or otherwise and not repaid pursuant to clauses "FIRST"
through "FIFTH" above; and
SEVENTH, to the payment of the surplus, if any, to whoever may
be lawfully entitled to receive such surplus.
In carrying out the foregoing, (i) amounts received shall be applied in the
numerical order provided until exhausted prior to application to the next
succeeding category; (ii) each of the Lenders shall receive an amount equal to
its pro rata share (based on the proportion that the then outstanding Loans and
LOC
- 65 -
E-70
<PAGE> 71
Obligations held by such Lender bears to the aggregate then outstanding Loans
and LOC Obligations) of amounts available to be applied pursuant to clauses
"THIRD", "FOURTH", "FIFTH" and "SIXTH" above; and (iii) to the extent that any
amounts available for distribution pursuant to clause "FIFTH" above are
attributable to the issued but undrawn amount of outstanding Letters of Credit,
such amounts shall be held by the Agent in a cash collateral account and
applied (A) first, to reimburse the Issuing Lender from time to time for any
drawings under such Letters of Credit and (B) then, following the expiration of
all Letters of Credit, to all other obligations of the types described in
clauses "FIFTH" and "SIXTH" above in the manner provided in this Section
3.15(c).
3.16 Evidence of Debt. (a) Each Lender shall maintain an
account or accounts evidencing each Loan made by such Lender to the Borrower
from time to time, including the amounts of principal and interest payable and
paid to such Lender from time to time under this Credit Agreement. Each Lender
will make reasonable efforts to maintain the accuracy of its account or
accounts and to promptly update its account or accounts from time to time, as
necessary.
(b) The Agent shall maintain the Register pursuant to Section
11.3(c) hereof, and a subaccount for each Lender, in which Register and
subaccounts (taken together) shall be recorded (i) the amount, type and
Interest Period of each such Loan hereunder, (ii) the amount of any principal
or interest due and payable or to become due and payable to each Lender
hereunder and (iii) the amount of any sum received by the Agent hereunder from
or for the account of the Borrower and each Lender's share thereof. The Agent
will make reasonable efforts to maintain the accuracy of the subaccounts
referred to in the preceding sentence and to promptly update such subaccounts
from time to time, as necessary.
(c) The entries made in the accounts, Register and subaccounts
maintained pursuant to subsections (a) and (b) of this Section 3.16 shall, in
the absence of manifest error, be conclusive evidence of the existence and
amounts of the obligations of the Borrower therein recorded; provided, however,
that the failure of any Lender or the Agent to maintain any such account, such
Register or such subaccount, as applicable, or any error therein, shall not in
any manner affect the obligation of the Borrower to repay the Loans made by
such Lender in accordance with the terms hereof.
SECTION 4
GUARANTY
4.1 The Guarantee. Each of the Guarantors hereby jointly and
severally guarantees to each Lender and the Agent as
- 66 -
E-71
<PAGE> 72
hereinafter provided the prompt payment of the Borrower's Obligations in full
when due (whether at stated maturity, as a mandatory prepayment, by
acceleration, a mandatory cash collateralization or otherwise) strictly in
accordance with the terms thereof. The Guarantors hereby further agree that if
any of the Borrower's Obligations are not paid in full when due (whether at
stated maturity, as a mandatory prepayment, by acceleration, as mandatory cash
collateralization or otherwise), the Guarantors will, jointly and - severally,
promptly pay the same, without any demand or notice whatsoever, and that in the
case of any extension of time of payment or renewal of any of the Borrower's
Obligations, the same will be promptly paid in full when due (whether at
extended maturity, as a mandatory prepayment, by acceleration or otherwise) in
accordance with the terms of such extension or renewal.
Notwithstanding any provision to the contrary contained herein or in
any other of the Credit Documents, to the extent the obligations of a Guarantor
shall be adjudicated to be invalid or unenforceable for any reason (including,
without limitation, because of any applicable state or federal law relating to
fraudulent conveyances or transfers) then the obligations of each Guarantor
hereunder shall be limited to the maximum amount that is permissible under
applicable law (whether federal or state and including, without limitation, the
Bankruptcy Code).
4.2 Obligations Unconditional. The obligations of the Guarantors
under Section 4.1 hereof are joint and several, absolute and unconditional,
irrespective of the value, genuineness, validity, regularity or enforceability
of any of the Credit Documents, or any other agreement or instrument referred
to therein, or any substitution, release or exchange of any other guarantee of
or security for any of the Borrower's Obligations, and, to the fullest extent
permitted by applicable law, irrespective of any other circumstance whatsoever
which might otherwise constitute a legal or equitable discharge or defense of a
surety or guarantor, it being the intent of this Section 4.2 that the
obligations of the Guarantors hereunder shall be absolute and unconditional
under any and all circumstances. Each Guarantor agrees that such Guarantor
shall have no right of subrogation, indemnity, reimbursement or contribution
against the Borrower or any other Guarantor of the Borrower's Obligations for
amounts paid under this Guaranty until such time as the Lenders have been paid
in full, all Commitments under the Credit Agreement have been terminated and no
Person or Governmental Authority shall have any right to request any return or
reimbursement of funds from the Lenders in connection with monies received
under the Credit Documents. Without limiting the generality of the foregoing,
it is agreed that, to the fullest extent permitted by law, the occurrence of
any one or more of the following shall not alter or impair the liability of any
Guarantor hereunder which shall remain absolute and unconditional as described
above:
- 67 -
E-72
<PAGE> 73
(i) at any time or from time to time, without notice to any
Guarantor, the time for any performance of or compliance with any of
the Borrower's Obligations shall be extended, or such performance or
compliance shall be waived;
(ii) any of the acts mentioned in any of the provisions of any
of the Credit Documents or any other agreement or instrument referred
to therein shall be done or omitted;
(iii) the maturity of any of the Borrower's Obligations shall
be accelerated, or any of the Borrower's Obligations shall be
modified, supplemented or amended in any respect, or any right under
any of the Credit Documents or any other agreement or instrument
referred to therein shall be waived or any other guarantee of any of
the Borrower's Obligations or any security therefor shall be released
or exchanged in whole or in part or otherwise dealt with;
(iv) any Lien granted to, or in favor of, the Agent or any
Lender or Lenders as security for any of the Borrower's Obligations
shall fail to attach or be perfected; or
(v) any of the Borrower's Obligations shall be determined to
be void or voidable (including, without limitation, for the benefit of
any creditor of any Guarantor) or shall be subordinated to the claims
of any Person (including, without limitation, any creditor of any
Guarantor).
With respect to its obligations hereunder, each Guarantor hereby expressly
waives diligence, presentment, demand of payment, protest and all notices
whatsoever, and any requirement that the Agent or any Lender exhaust any right,
power or remedy or proceed against any Person under any of the Credit Documents
or any other agreement or instrument referred to therein, or against any other
Person under any other guarantee of, or security for, any of the Borrower's
Obligations.
4.3 Reinstatement. The obligations of the Guarantors under this
Section 4 shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of any Person in respect of the Borrower's
Obligations is rescinded or must be otherwise restored by any holder of any of
the Borrower's Obligations, whether as a result of any proceedings in
bankruptcy or reorganization or otherwise, and each Guarantor agrees that it
will indemnify the Agent and each Lender on demand for all reasonable costs and
expenses (including, without limitation, fees and expenses of counsel) incurred
by the Agent or such Lender in connection with such rescission or restoration,
including any such costs and expenses incurred in defending against any claim
alleging that such payment constituted a preference, fraudulent transfer or
similar payment under any bankruptcy, insolvency or similar law.
- 68 -
E-73
<PAGE> 74
4.4 Certain Additional Waivers. Without limiting the generality of
the provisions of this Section 4, each Guarantor hereby agrees that such
Guarantor shall have no right of recourse to security for the Borrower's
Obligations.
4.5 Remedies. The Guarantors agree that, to the fullest extent
permitted by law, as between the Guarantors, on the one hand, and the Agent and
the Lenders, on the other hand, the Borrower's Obligations may be declared to
be forthwith due and payable as provided in Section 9.2 hereof (and shall be
deemed to have become automatically due and payable in the circumstances
provided in said Section 9.2) for purposes of Section 4.1 hereof
notwithstanding any stay, injunction or other prohibition preventing such
declaration (or preventing the Borrower's Obligations from becoming
automatically due and payable) as against any other Person and that, in the
event of such declaration (or the Borrower's Obligations being deemed to have
become automatically due and payable), the Borrower's Obligations (whether or
not due and payable by any other Person) shall forthwith become due and payable
by the Guarantors for purposes of said Section 4.1.
4.6 Rights of Contribution. The Guarantors hereby agree, as among
themselves, that if any Guarantor shall become an Excess Funding Guarantor (as
defined below), each other Guarantor shall, on demand of such Excess Funding
Guarantor (but subject to the next sentence hereof and to subsection (b)
below), pay to such Excess Funding Guarantor an amount equal to such
Guarantor's Pro Rata Share (as defined below and determined, for this purpose,
without reference to the properties, assets, liabilities and debts of such
Excess Funding Guarantor) of such Excess Payment (as defined below). The
payment obligation of any Guarantor to any Excess Funding Guarantor under this
Section 4.6 shall be subordinate and subject in right of payment to the prior
payment in full of the obligations of such Guarantor under the other provisions
of this Section 4, and such Excess Funding Guarantor shall not exercise any
right or remedy with respect to such excess until payment and satisfaction in
full of all of such obligations. For purposes hereof, (i) "Excess Funding
Guarantor" shall mean, in respect of any obligations arising under the other
provisions of this Section 4 (hereafter, the "Guaranteed Obligations"), a
Guarantor that has paid an amount in excess of its Pro Rata Share of the
Guaranteed Obligations; (ii) "Excess Payment" shall mean, in respect of any
Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in
excess of its Pro Rata Share of such Guaranteed Obligations; and (iii) "Pro
Rata Share", for the purposes of this Section 4.6, shall mean, for any
Guarantor, the ratio (expressed as a percentage) of (a) the amount by which the
aggregate present fair saleable value of all of its assets and properties
exceeds the amount of all debts and liabilities of such Guarantor (including
contingent, subordinated, unmatured, and unliquidated liabilities, but
excluding the obligations of such Guarantor hereunder) to (b) the amount by
which the aggregate present fair saleable value of all
- 69 -
E-74
<PAGE> 75
assets and other properties of the Borrower and all of the Guarantors exceeds
the amount of all of the debts and liabilities (including contingent,
subordinated, unmatured, and unliquidated liabilities, but excluding the
obligations of the Borrower and the Guarantors hereunder) of the Borrower and
all of the Guarantors, all as of the Effective Date (if any Guarantor becomes a
party hereto subsequent to the Effective Date, then for the purposes of this
Section 4.6 such subsequent Guarantor shall be deemed to have been a Guarantor
as of the Effective Date and the information pertaining to, and only pertaining
to, such Guarantor as of the date such Guarantor became a Guarantor shall be
deemed true as of the Effective Date).
4.7 Continuing Guarantee. The guarantee in this Section 4 is a
continuing guarantee, and shall apply to all Borrower's Obligations whenever
arising.
SECTION 5
CONDITIONS
5.1 Closing Conditions. The obligation of the Lenders to enter
into this Credit Agreement shall be subject to satisfaction of the following
conditions on the Closing Date:
(a) The Agent shall have received original counterparts
of this Credit Agreement executed by each of the parties hereto;
(b) The Agent shall have received an appropriate original
Revolving Note for each applicable Lender, executed by the Borrower;
(c) The Agent shall have received an appropriate original
Swingline Note for the Swingline Lender, executed by the Borrower;
(d) The Agent shall have received an appropriate original
Foreign Currency Note for each applicable Lender, executed by the
Borrower;
(e) The Agent shall have received an appropriate original
Tranche A Term Note for each applicable Lender, executed by the
Borrower;
(f) The Agent shall have received an appropriate original
Tranche B Term Note for each applicable Lender, executed by the
Borrower;
(g) The Agent shall have received an original, executed
copy of the Security Agreement, executed by the Borrower and each of
the Guarantors;
- 70 -
E-75
<PAGE> 76
(h) The Agent shall have received an original, executed
copy of the Pledge Agreement, executed by the Borrower and each of the
Guarantors;
(i) The Agent shall have received an executed copy of
each of the U.K. Security Agreements, executed by the Borrower or
Genicom Ltd., as applicable;
(j) The Agent shall have received, in form and substance
satisfactory to the Agent:
(i) searches of Uniform Commercial Code filings
in the jurisdiction of the chief executive office of the
Borrower and each of the Guarantors and each jurisdiction
where any Collateral is located or where a filing would need
to be made in order to perfect the Agent's security interest
in the Collateral, copies of the financing statements on file
in such jurisdictions and evidence that no Liens exist other
than Permitted Liens;
(ii) duly executed UCC financing statements for
each appropriate jurisdiction as is necessary, in the Agent's
sole discretion, to perfect the Agent's security interest in
the Collateral;
(iii) all stock certificates evidencing the stock
pledged to the Agent pursuant to the Pledge Agreement,
together with duly executed in blank undated stock powers
attached thereto; and
(iv) such patent/trademark/copyright filings as
requested by the Agent in order to perfect the Agent's
security interest in the Collateral;
(k) fully executed original UCC-1 financing statements in
form and substance satisfactory to the Agent from each Credit Party,
in each case in sufficient numbers in order to effect a filing in each
location where a UCC filing is required (as determined by the Agent
and its counsel) in order to perfect the Liens in favor of the Agent
for the benefit of the Lenders arising under the Collateral Documents
on the Collateral;
(l) The Agent shall have received all documents it may
reasonably request relating to the existence and good standing of each
of the Credit Parties, the corporate or other necessary authority for
and the validity of the Credit Documents, and any other matters
relevant thereto, all in form and substance reasonably satisfactory to
the Agent;
(m) The Agent shall have received a legal opinion of
McGuire, Woods, Battle & Boothe, counsel for the Credit
- 71 -
E-76
<PAGE> 77
Parties, dated as of the Closing Date and substantially in the form of
Schedule 5.1(m);
(n) The Agent shall have received a legal opinion of
Berwin Leighton, special U.K. counsel for the Lenders, dated as of the
Closing Date and substantially in the form of Schedule 5.1(n);
(o) The Agent shall have received copies of insurance
policies or certificates of insurance of the Credit Parties evidencing
liability and casualty insurance meeting the requirements of the
Credit Documents;
(p) No material adverse change shall have occurred since
January 1, 1995 in the condition (financial or otherwise), business or
management of the Borrower or of the Borrower and its Subsidiaries
taken as a whole;
(q) The Agent shall have received such other documents,
agreements or information which may be reasonably requested by the
Agent; and
(r) The Agent shall have received, for its own account
and for the accounts of the Lenders, all fees and expenses required by
this Credit Agreement or any other Credit Document to be paid on or
before the Closing Date.
5.2 Conditions to Initial Extensions of Credit. The obligation of
the Lenders (including the Swingline Lender) to make the initial Loans
(including the initial advances on the Tranche A Term Loan and the funding of
the Tranche B Term Loan) or of the Issuing Lender to issue the initial Letter
of Credit on the Effective Date, whichever shall occur first shall be subject
to satisfaction of the following conditions on or before the Effective Date in
addition to satisfaction on the Closing Date of the conditions set forth in
Section 5.1;
(a) The Agent shall have received satisfactory evidence
that the Agent, on behalf of the Lenders, holds a perfected, first
priority Lien, subject to no other Liens other than for Permitted
Liens, on all Collateral;
(b) The Agent shall have received satisfactory evidence
that the Existing Credit Agreement, together with all interest,
prepayment premiums and other amounts due and payable, has been paid
in full and the related commitments terminated;
(c) The Agent shall have received a certificate executed by
the chief financial officer or treasurer of the Borrower as of the
Effective Date stating that immediately after giving effect to this
Credit Agreement and the other Credit Documents and the initial
extensions of credit hereunder on the Effective Date, (i) each of the
Credit
- 72 -
E-77
<PAGE> 78
Parties is Solvent, (ii) no Default or Event of Default exists and
(iii) the representations and warranties set forth in Section 6 are
true and correct in all material respects;
(d) The Agent shall have received such other documents,
agreements or information which may be reasonably requested by the
Agent; and
(e) The Agent shall have received, for its own account
and for the accounts of the Lenders, all fees and expenses required by
this Credit Agreement or any other Credit Document to be paid on or
before the Effective Date.
5.3 Conditions to all Extensions of Credit. The obligations of
each Lender (including the Swingline Lender) to make, convert or extend any
Loan (including the obligations of the Lenders to make advances on the Tranche
A Term Loan and to fund the Tranche B Term Loan) and of the Issuing Lender to
issue or extend Letters of Credit (including the initial Loans (and the initial
advances on the Tranche A Term Loan and the funding of the Tranche B Term Loan)
and the initial Letter of Credit) are subject to satisfaction of the following
conditions in addition to satisfaction on the Closing Date of the conditions
set forth in Section 5.1 and satisfaction on the Effective Date of the
conditions set forth in Section 5.2:
(i) The Borrower shall have delivered (A) in
the case of any Revolving Loan, any Foreign Currency Loan, any
portion of the Tranche A Term Loan or any portion of the
Tranche B Term Loan, an appropriate Notice of Borrowing or
Notice of Extension/Conversion, (B) in the case of any
Swingline Loan, the Swingline Lender shall have received an
appropriate notice of borrowing in accordance with the
provisions of Section 2.3(b)(i) or (C) in the case of any
Letter of Credit, the Issuing Lender shall have received an
appropriate request for issuance in accordance with the
provisions of Section 2.2(b);
(ii) The representations and warranties set forth
in Section 6 shall be, subject to the limitations set forth
therein, true and correct in all material respects as of such
date (except for those which expressly relate to an earlier
date);
(iii) There shall not have been commenced against
the Borrower an involuntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter
in effect, or any case, proceeding or other action for the
appointment of a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of such Person or
for any substantial part of its Property or for the winding up
or liquidation of
- 73 -
E-78
<PAGE> 79
its affairs, and such involuntary case or other case,
proceeding or other action shall remain undismissed,
undischarged or unbonded;
(iv) No Default or Event of Default shall exist
and be continuing either prior to or after giving effect
thereto;
(v) No material adverse change shall have
occurred since January 1, 1995 in the condition (financial or
otherwise), business or management of the Borrower or of the
Borrower and its Subsidiaries taken as a whole; and
(vi) Immediately after giving effect to the
making of such Loan (and the application of the proceeds
thereof) or to the issuance of such Letter of Credit, as the
case may be, (A) the sum of the aggregate principal amount of
outstanding Revolving Loans plus the Dollar Amount (as
determined as of the most recent Determination Date) of the
aggregate principal amount of outstanding Foreign Currency
Loans plus the aggregate principal amount of outstanding
Swingline Loans plus LOC Obligations outstanding shall not
exceed the lesser of (1) the Revolving Committed Amount and
(2) the Borrowing Base, and (B) the LOC Obligations shall not
exceed the LOC Committed Amount.
The delivery of each Notice of Borrowing, each Notice of Extension/Conversion
and each request for a Letter of Credit pursuant to Section 2.2(b) shall
constitute a representation and warranty by the Borrower of the correctness of
the matters specified in subsections (ii), (iii), (iv), (v) and (vi) above.
SECTION 6
REPRESENTATIONS AND WARRANTIES
The Credit Parties hereby represent to the Agent and each Lender that:
6.1 Financial Condition. (a) The audited consolidated balance
sheet of the Borrower and its consolidated Subsidiaries as of January 1, 1995
and the audited consolidated statements of earnings and statements of cash
flows for the years ended January 2, 1994 and January 1, 1995 have heretofore
been furnished to each Lender. Such financial statements (including the notes
thereto) (i) have been audited by Coopers & Lybrand, LLP, (ii) have been
prepared in accordance with GAAP consistently applied throughout the periods
covered thereby and (iii) present fairly (on the basis disclosed in the
footnotes to such financial statements) the consolidated financial condition,
results of operations and cash flows of the Borrower and its consolidated
- 74 -
E-79
<PAGE> 80
Subsidiaries as of such date and for such periods. The unaudited interim
consolidated and consolidating balance sheets of the Borrower and its
consolidated Subsidiaries as at the end of, and the related unaudited interim
statements of earnings and of cash flows for each fiscal quarterly period ended
after January 1, 1995 and prior to the Closing Date have heretofore been
furnished to each Lender. Such interim financial statements for each such
quarterly period, (i) have been prepared in accordance with GAAP consistently
applied throughout the periods covered thereby and (ii) present fairly (on the
basis disclosed in the footnotes to such financial statements) the consolidated
and consolidating (as applicable) financial condition, results of operations
and cash flows of the Borrower and its consolidated Subsidiaries as of such
date and for such periods. During the period from January 1, 1995 to and
including the Closing Date, there has been no sale, transfer or other
disposition by the Borrower or any of its Subsidiaries of any material part of
the business or property of the Borrower and its consolidated Subsidiaries,
taken as a whole, other than the sale of the Ogden Assets, and no purchase or
other acquisition by any of them of any business or property (including any
capital stock of any other Person) material in relation to the consolidated
financial condition of the Borrower and its consolidated Subsidiaries, taken as
a whole, in each case, which, is not reflected in the foregoing financial
statements or in the notes thereto.
(b) The pro forma balance sheets and income statements of the
Borrower and its Subsidiaries for fiscal years 1996, 1997, 1998, 1999, 2000,
2001 and 2002, copies of which have heretofore been furnished to each Lender,
are based upon reasonable assumptions made known to the Lenders and upon
information not known to be incorrect or misleading in any material respect.
6.2 No Change. Since January 1, 1995, (a) there has been no
development or event relating to or affecting the Borrower or any of its
Subsidiaries which has had or would be reasonably expected to have a Material
Adverse Effect and (b) except as permitted under this Credit Agreement, no
dividends or other distributions have been declared, paid or made upon the
capital stock or other equity interest in the Borrower or any of its
Subsidiaries nor, except as otherwise permitted under this Credit Agreement,
has any of the capital stock or other equity interest in the Borrower or any of
its Subsidiaries been redeemed, retired, purchased or otherwise acquired for
value by such Person.
6.3 Organization; Existence; Compliance with Law. Each of the
Borrower and its Subsidiaries (a) is a corporation duly organized, validly
existing and is in good standing under the laws of the jurisdiction of its
incorporation or organization, (b) has the corporate or other necessary power
and authority, and the legal right, to own and operate its property, to lease
the property it operates as lessee and to conduct the business in which it is
currently engaged, except to the extent that the
- 75 -
E-80
<PAGE> 81
failure to have such legal right would not be reasonably expected to have a
Material Adverse Effect, (c) is duly qualified as a foreign entity and in good
standing under the laws of each jurisdiction where its ownership, lease or
operation of property or the conduct of its business requires such
qualification, other than in such jurisdictions where the failure to be so
qualified and in good standing would not be reasonably expected to have a
Material Adverse Effect, and (d) is in compliance with all material
Requirements of Law, except to the extent that the failure to comply therewith
would not, in the aggregate, be reasonably expected to have a Material Adverse
Effect.
6.4 Power; Authorization; Enforceable Obligations. Each of the
Credit Parties and Genicom Ltd. has the corporate or other necessary power and
authority, and the legal right, to make, deliver and perform the Credit
Documents to which it is a party, and in the case of the Borrower, to borrow
hereunder, and has taken all necessary corporate action to authorize the
borrowings on the terms and conditions of this Credit Agreement and to
authorize the execution, delivery and performance of the Credit Documents to
which it is a party. No consent or authorization of, filing with, notice to or
other similar act by or in respect of, any Governmental Authority or any other
Person is required to be obtained or made by or on behalf of any Credit Party
or Genicom Ltd. in connection with the borrowings hereunder or with the
execution, delivery, performance, validity or enforceability of the Credit
Documents to which such Person is a party, except for (i) consents,
authorizations, notices and filings described in Schedule 6.4, all of which
have been obtained or made or have the status described in such Schedule 6.4
and (ii) filings to perfect the Liens created by the Collateral Documents.
This Credit Agreement has been, and each other Credit Document will be, duly
executed and delivered on behalf of each of the Credit Parties and Genicom Ltd.
that is a party thereto. This Credit Agreement constitutes, and each other
Credit Document to which any Credit Party or Genicom Ltd. is a party when
executed and delivered will constitute, a legal, valid and binding obligation
of such Person enforceable against such Person in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of
creditors' rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).
6.5 No Legal Bar. The execution, delivery and performance of the
Credit Documents by each of the Credit Parties and Genicom Ltd. that is a Party
thereto, the borrowings hereunder and the use of the proceeds thereof (a) will
not violate any Requirement of Law or contractual obligation of the Borrower or
any of its Subsidiaries in any respect that would reasonably be expected to
have a Material Adverse Effect, (b) will not result in, or require, the
creation or imposition of any Lien (other than the Liens created by the
Collateral Documents) on any of the properties or revenues of the Borrower or
any of its Subsidiaries
- 76 -
E-81
<PAGE> 82
pursuant to any such Requirement of Law or contractual obligation, and (c) will
not violate or conflict with any provision of any Credit Party's or Genicom
Ltd.'s articles of incorporation or by-laws (or other comparable organic
documents).
6.6 No Material Litigation. Except as disclosed and described in
Schedule 6.6 attached hereto, no litigation, investigation or proceeding of or
before any arbitrator or Governmental Authority is pending or, to the best
knowledge of the Credit Parties, threatened by or against the Borrower or any
of its Subsidiaries or against any of their respective properties or revenues
which (a) relates to any of the Credit Documents or any of the transactions
contemplated hereby or thereby or (b) would be reasonably expected to have a
Material Adverse Effect.
6.7 No Default. Neither the Borrower nor any of its Subsidiaries
is in default under or with respect to any of its contractual obligations in
any respect which would be reasonably expected to have a Material Adverse
Effect. No Default or Event of Default has occurred and is continuing.
6.8 Ownership of Property; Liens. Each of the Borrower and its
Subsidiaries has good record and marketable title in fee simple to, or a valid
leasehold interest in, all its material real property, and good title to, or a
valid leasehold interest in, all its other material property, and none of such
property is subject to any Lien, except for Permitted Liens.
6.9 Intellectual Property. Each of the Borrower and its
Subsidiaries owns, or has the legal right to use, all United States trademarks,
tradenames, copyrights, technology, know-how and processes necessary for each
of them to conduct its business as currently conducted (the "Intellectual
Property") except for those the failure to own or have such legal right to use
would not be reasonably expected to have a Material Adverse Effect. No claim
has been asserted and is pending by any Person challenging or questioning the
use of any such Intellectual Property or the validity or effectiveness of any
such Intellectual Property, nor does any Credit Party know of any such claim,
and the use of such Intellectual Property by the Borrower or any of its
Subsidiaries does not infringe on the rights of any Person, except for such
claims and infringements that in the aggregate, would not be reasonably
expected to have a Material Adverse Effect.
6.10 No Burdensome Restrictions. No Requirement of Law or
contractual obligation of the Borrower or any of its Subsidiaries would be
reasonably expected to have a Material Adverse Effect.
6.11 Taxes. Each of the Borrower and its Subsidiaries has filed
or caused to be filed all United States federal income tax returns and all
other material tax returns which, to the best knowledge of the Credit Parties,
are required to be filed and has paid (a) all taxes shown to be due and payable
on said returns or (b) all taxes shown to be due and payable on any assessments
of
- 77 -
E-82
<PAGE> 83
which it has received notice made against it or any of its property and all
other taxes, fees or other charges imposed on it or any of its property by any
Governmental Authority (other than any (i) taxes, fees or other charges with
respect to which the failure to pay, in the aggregate, would not have a
Material Adverse Effect or (ii) taxes, fees or other charges the amount or
validity of which are currently being contested and with respect to which
reserves in conformity with GAAP have been provided on the books of such
Person), and no tax Lien has been filed, and, to the best knowledge of the
Credit Parties, no claim is being asserted, with respect to any such tax, fee
or other charge.
6.12 ERISA. Except as would not result in a Material Adverse
Effect disclosed and described in Schedule 6.12 attached hereto:
(a) During the five-year period prior to the date on which this
representation is made or deemed made: (i) no Termination Event has occurred,
and, to the best knowledge of the Credit Parties, no event or condition has
occurred or exists as a result of which any Termination Event could reasonably
be expected to occur, with respect to any Plan; (ii) no "accumulated funding
deficiency," as such term is defined in Section 302 of ERISA and Section 412 of
the Code, whether or not waived, has occurred with respect to any Plan; (iii)
each Plan has been maintained, operated, and funded in compliance with its own
terms and in material compliance with the provisions of ERISA, the Code, and
any other applicable federal or state laws; and (iv) no lien in favor of the
PBGC or a Plan has arisen or is reasonably likely to arise on account of any
Plan.
(b) The actuarial present value of all "benefit liabilities" under
each Single Employer Plan (determined within the meaning of Section 401(a)(2)
of the Code, utilizing the actuarial assumptions used to fund such Plans),
whether or not vested, did not, as of the last annual valuation date prior to
the date on which this representation is made or deemed made, exceed by more
than $2,300,000 the current value of the assets of such Plan allocable to such
accrued liabilities.
(c) Neither the Borrower, any of the Subsidiaries of the Borrower
nor any ERISA Affiliate has incurred, or, to the best knowledge of the Credit
Parties, could be reasonably expected to incur, any withdrawal liability under
ERISA to any Multiemployer Plan or Multiple Employer Plan. Neither the
Borrower, any of the Subsidiaries of the Borrower nor any ERISA Affiliate would
become subject to any withdrawal liability under ERISA if the Borrower, any of
the Subsidiaries of the Borrower or any ERISA Affiliate were to withdraw
completely from all Multiemployer Plans and Multiple Employer Plans as of the
valuation date most closely preceding the date on which this representation is
made or deemed made. Neither the Borrower, any of the Subsidiaries of the
Borrower nor any ERISA Affiliate has received any notification that any
Multiemployer Plan is in reorganization (within the
- 78 -
E-83
<PAGE> 84
meaning of Section 4241 of ERISA), is insolvent (within the meaning of Section
4245 of ERISA), or has been terminated (within the meaning of Title IV of
ERISA), and no Multiemployer Plan is, to the best knowledge of the Credit
Parties, reasonably expected to be in reorganization, insolvent, or terminated.
(d) No prohibited transaction (within the meaning of Section 406
of ERISA or Section 4975 of the Code) or breach of fiduciary responsibility has
occurred with respect to a Plan which has subjected or may subject the
Borrower, any of the Subsidiaries of the Borrower or any ERISA Affiliate to any
liability under Sections 406, 409, 502(i), or 502(l) of ERISA or Section 4975
of the Code, or under any agreement or other instrument pursuant to which the
Borrower, any of the Subsidiaries of the Borrower or any ERISA Affiliate has
agreed or is required to indemnify any person against any such liability.
(e) Each Plan which is a welfare plan (as defined in Section 3(1)
of ERISA) to which Sections 601-609 of ERISA and Section 4980B of the Code
apply has been administered in compliance in all material respects with such
sections.
(f) Neither the execution and delivery of this Agreement nor the
consummation of the financing transactions contemplated thereunder will involve
any transaction which is subject to the prohibitions of Section 406 of ERISA or
in connection with which a tax could be imposed pursuant to Section 4975 of the
Code. The representation by the Credit Parties in the preceding sentence is
made in reliance upon and subject to the accuracy of the Lenders'
representation in Section 11.16 with respect to their source of funds and is
subject, in the event that the source of the funds used by the Lenders in
connection with this transaction is an insurance company's general asset
account, to the continued validity of Department of Labor Interpretative
Bulletin 75-2, 29 C.F.R. Section 2509.75-2(b) (November 13, 1986) or the
issuance of any other similar relief or prohibited transaction exemption, to
the effect that assets in an insurance company's general asset account do not
constitute assets of an "employee benefit plan" within the meaning of Section
3(3) of ERISA or a "plan" within the meaning of Section 4975(e)(1) of the Code.
6.13 Governmental Regulations, etc.
(a) No part of the proceeds of the Loans will be used,
directly or indirectly, for the purpose of purchasing or carrying any
"margin stock" within the meaning of Regulation G or Regulation U, or
for the purpose of purchasing or carrying or trading in any
securities. If requested by any Lender or the Agent, the Borrower
will furnish to the Agent and each Lender a statement to the foregoing
effect in conformity with the requirements of FR Form U-1 referred to
in said Regulation U. No indebtedness being reduced or retired out of
the proceeds of the Loans was or will be incurred for the purpose of
purchasing or carrying any
- 79 -
E-84
<PAGE> 85
margin stock within the meaning of Regulation U or any "margin
security" within the meaning of Regulation T. "Margin stock" within
the meanings of Regulation U does not constitute more than 25% of the
value of the consolidated assets of the Borrower and its Subsidiaries.
None of the transactions contemplated by this Credit Agreement
(including, without limita- tion, the direct or indirect use of the
proceeds of the Loans) will violate or result in a violation of the
Securities Act of 1933, as amended, or the Securities Exchange Act of
1934, as amended, or regulations issued pursuant thereto, or
Regulation G, T, U or X.
(b) Neither the Borrower nor any of its Subsidiaries is
subject to regulation under the Public Utility Holding Company Act of
1935, the Federal Power Act or the Investment Company Act of 1940,
each as amended. In addition, neither the Borrower nor any of its
Subsidiaries is (i) an "investment company" registered or required to
be registered under the Investment Company Act of 1940, as amended,
and is not controlled by such a company, or (ii) a "holding company",
or a "subsidiary company" of a "holding company", or an "affiliate" of
a "holding company" or of a "subsidiary" of a "holding company",
within the meaning of the Public Utility Holding Company Act of 1935,
as amended.
(c) No director, executive officer or principal
shareholder of the Borrower or any of its Subsidiaries is a director,
executive officer or principal shareholder of any Lender. For the
purposes hereof the terms "director", "executive officer" and
"principal shareholder" (when used with reference to any Lender) have
the respective meanings assigned thereto in Regulation O issued by the
Board of Governors of the Federal Reserve System.
(d) Each of the Borrower and its Subsidiaries has
obtained all material licenses, permits, franchises or other
governmental authorizations necessary to the ownership of its
respective Property and to the conduct of its business.
(e) Neither the Borrower nor any of its Subsidiaries is
in violation of any applicable statute, regulation or ordinance of the
United States of America, or of any state, city, town, municipality,
county or any other jurisdiction, or of any agency thereof (including
without limitation, environmental laws and regulations), which
violation could reasonably be expected to have a Material Adverse
Effect.
(f) Each of the Borrower and its Subsidiaries is current
with all material reports and documents, if any, required to be filed
with any state or federal securities commission or similar agency and
is in full compliance in all material respects with all applicable
rules and regulations of such commissions.
- 80 -
E-85
<PAGE> 86
6.14 Subsidiaries. Schedule 6.14 sets forth all the Subsidiaries
of the Borrower at the Closing Date, the jurisdiction of their incorporation
and the direct or indirect ownership interest of the Borrower therein.
6.15 Purpose of Loans and Letters of Credit. The proceeds of the
Loans hereunder shall be used solely by the Borrower for general corporate
purposes of the Borrower and its Subsidiaries, including, but not limited to,
(1) refinancing of the Existing Credit Agreement and Subordinated Notes, (2)
working capital advances, (3) capital expenditures in the ordinary course of
business, (4) Permitted Investments and (5) acquisitions; provided that, until
the Subordinated Notes have been paid in full, all proceeds of Tranche A Term
Loan advances and the Tranche B Term Loan shall be applied to the repayment or
prepayment of the Subordinated Notes (together with all accrued interest,
prepayment premiums and other amounts due with respect thereto). The Letters
of Credit shall be used only for or in connection with appeal bonds,
reimbursement obligations arising in connection with performance, surety and
reclamation bonds, reinsurance and obligations not otherwise aforementioned
relating to transactions entered into by the Borrower in the ordinary course of
business.
6.16 Environmental Matters. Except as disclosed and described in
Schedule 6.16 attached hereto:
(a) Each of the facilities and properties owned, leased or
operated by the Borrower or any of its Domestic Subsidiaries (the "Properties")
and all operations at the Properties are in material compliance with all
applicable Environmental Laws, and there is no material violation of any
Environmental Law with respect to the Properties or the businesses operated by
the Borrower or any of its Domestic Subsidiaries (the "Businesses"), and there
are no conditions relating to the Businesses or Properties that could give rise
to any material liability under any applicable Environmental Laws.
(b) None of the Properties contains, or has previously contained,
any Materials of Environmental Concern at, on or under the Properties in
amounts or concentrations that constitute or constituted a material violation
of, or could give rise to any material liability under, Environmental Laws.
(c) Neither the Borrower nor any of its Domestic Subsidiaries has
received any written or verbal notice of, or inquiry from any Governmental
Authority (other than notices or inquiries that have been resolved with such
Governmental Authority) regarding, any violation, alleged violation,
non-compliance, liability or potential liability regarding environmental
matters or compliance with Environmental Laws with regard to any of the
Properties or the Businesses, nor does the Borrower or any of its Domestic
Subsidiaries have knowledge or
- 81 -
E-86
<PAGE> 87
reason to believe that any such notice will be received or is being threatened.
(d) Materials of Environmental Concern have not been transported
or disposed of from the Properties, or generated, treated, stored or disposed
of at, on or under any of the Properties or any other location, in each case by
or on behalf of the Borrower or any of its Domestic Subsidiaries, in material
violation of, or in a manner that would be reasonably likely to give rise to
any material liability under, any applicable Environmental Law.
(e) No judicial proceeding or governmental or administrative
action is pending or, to the best knowledge of any Credit Party, threatened,
under any Environmental Law to which the Borrower or any of its Domestic
Subsidiaries is or will be named as a party, nor are there any consent decrees
or other decrees, consent orders, administrative orders or other orders, or
other administrative or judicial requirements outstanding under any
Environmental Law with respect to the Borrower, any of its Domestic
Subsidiaries, the Properties or the Businesses.
(f) There has been no release or, threat of release (other than
releases or threats of release that have been resolved with the Governmental
Authorities having jurisdiction) of Materials of Environmental Concern at or
from the Properties, or arising from or related to the operations (including,
without limitation, disposal) of the Borrower or any of its Domestic
Subsidiaries in connection with the Properties or otherwise in connection with
the Businesses, in violation of or in amounts or in a manner that could give
rise to liability under Environmental Laws which could reasonably be expected
to have a Material Adverse Effect.
SECTION 7
AFFIRMATIVE COVENANTS
Each Credit Party hereby covenants and agrees that so long as this
Credit Agreement is in effect or any amounts payable hereunder or under any
other Credit Document shall remain outstanding, and until all of the
Commitments hereunder shall have terminated:
7.1 Information Covenants. The Borrower will furnish, or cause to
be furnished, to the Agent and each of the Lenders:
(a) Annual Financial Statements. As soon as available,
and in any event within 91 days after the close of each fiscal year of
the Borrower and its Subsidiaries, a consolidated balance sheet and
income statement of the Borrower and its Subsidiaries, as of the end
of such fiscal year, together with related consolidated statements of
operations and changes in stockholders' equity and of cash
- 82 -
E-87
<PAGE> 88
flows for such fiscal year, setting forth in comparative form
consolidated figures for the preceding fiscal year, all such financial
information described above to be in reasonable form and detail and
audited by independent certified public accountants of recognized
national standing reasonably acceptable to the Agent and whose opinion
shall be to the effect that such financial statements have been
prepared in accordance with GAAP (except for changes with which such
accountants concur) and shall not be limited as to the scope of the
audit or qualified as to the status of the Borrower and its
Subsidiaries as a going concern.
(b) Interim Financial Statements.
(i) Quarterly Financial Statements. As soon as
available, and in any event within 46 days after the close of each
fiscal quarter of the Borrower and its Subsidiaries (other than the
fourth fiscal quarter, in which case 91 days after the end thereof), a
consolidated and consolidating balance sheet and income statement of
the Borrower and its Subsidiaries, as of the end of such fiscal
quarter, together with related consolidated and consolidating
statements of operations and changes in stockholders' equity and of
cash flows for such fiscal quarter in each case setting forth in
comparative form consolidated and consolidating figures for the
corresponding period of the preceding fiscal year, all such financial
information described above to be in reasonable form and detail and
reasonably acceptable to the Agent, and accompanied by a certificate
of the chief financial officer or treasurer of the Borrower to the
effect that such quarterly financial statements fairly present in all
material respects the financial condition of the Borrower and its
Subsidiaries and have been prepared in accordance with GAAP, subject
to changes resulting from audit and normal year-end audit adjustments.
(ii) Monthly Financial Statements. As soon as
available, and in any event within 15 days after the close of each
fiscal month, a consolidated balance sheet and income statement of the
Borrower and its Subsidiaries, as of the end of such month, together
with related consolidated statements of operations and of cash flows
for such month in each case setting forth in comparative form
consolidated figures for the corresponding period of the preceding
fiscal year, all such financial information described above to be in
reasonable form and detail and reasonably acceptable to the Agent, and
accompanied by a certificate of the chief financial officer or
treasurer of the Borrower to the effect that such monthly financial
statements fairly present in all material respects the financial
condition of the Borrower and its Subsidiaries and have been prepared
in accordance with GAAP, subject to changes resulting from audit and
normal year-end audit adjustments.
- 83 -
E-88
<PAGE> 89
(c) Officer's Certificate. At the time of delivery of
the financial statements provided for in Sections 7.1(a) and 7.1(b)(i)
above, a certificate of the chief financial officer or treasurer of
the Borrower; substantially in the form of Schedule 7.1(c), (i)
demonstrating compliance with the financial covenants contained in
Section 7.11 by calculation thereof as of the end of each such fiscal
period and (ii) stating that no Default or Event of Default exists, or
if any Default or Event of Default does exist, specifying the nature
and extent thereof and what action the Borrower proposes to take with
respect thereto.
(d) Annual Business Plan and Budgets. Prior to the end
of each fiscal year of the Borrower, beginning with the fiscal year
ending January 1, 1997, an annual business plan and budget of the
Borrower containing, among other things, pro forma financial
statements for the next three (3) fiscal years.
(e) Borrowing Base Reports. (i) Within 15 days after the
end of each calendar month, a Borrowing Base Report as of the end of
the immediately preceding month and (ii) as soon as available after
the request of the Required Lenders, a Borrowing Base Report as of the
date of such request. Each Borrowing Base Report shall be
substantially in the form of Schedule 7.1(e) and certified by the
chief financial officer or treasurer of the Borrower to be true and
correct as of the date thereof.
(f) Accountant's Certificate. Within the period for
delivery of the annual financial statements provided in Section
7.1(a), a certificate of the accountants conducting the annual audit
stating that they have reviewed this Credit Agreement and stating
further whether, in the course of their audit, they have become aware
of any Default or Event of Default and, if any such Default or Event
of Default exists, specifying the nature and extent thereof.
(g) Auditor's Reports. Promptly upon receipt thereof, a
copy of any other report or "management letter" submitted by
independent accountants to the Borrower or any of its Subsidiaries in
connection with any annual, interim or special audit of the books of
such Person.
(h) Reports. Promptly upon transmission or receipt
thereof, (a) copies of any filings and registrations with, and reports
to or from, the Securities and Exchange Commission, or any successor
agency, and copies of all financial statements, proxy statements,
notices and reports as the Borrower or any of its Subsidiaries shall
send to its shareholders or to a holder of any Indebtedness in excess
of $5,000,000 owed by the Borrower or any of its Subsidiaries in its
capacity as such a holder and (b) upon the request of the Agent, all
reports and written information to and from
- 84 -
E-89
<PAGE> 90
the United States Environmental Protection Agency, or any state or
local agency responsible for environmental matters, the United States
Occupational Health and Safety Administration, or any state or local
agency responsible for health and safety matters, or any successor
agencies or authorities concerning environmental, health or safety
matters.
(i) Notices. Upon a Credit Party's obtaining knowledge
thereof, the Borrower will give written notice to the Agent
immediately of (a) the occurrence of an event or condition consisting
of a Default or Event of Default, specifying the nature and existence
thereof and what action the Credit Parties propose to take with
respect thereto, and (b) the occurrence of any of the following with
respect to the Borrower or any of its Subsidiaries: (i) the pendency
or commencement of any litigation, arbitral or governmental proceeding
against such Person which if adversely determined is likely to have a
Material Adverse Effect, (ii) the institution of any proceedings
against such Person with respect to, or the receipt of notice by such
Person of potential liability or responsibility for violation, or
alleged violation of any federal, state or local law, rule or
regulation, including but not limited to, Environmental Laws, the
violation of which would likely have a Material Adverse Effect, or
(iii) any notice or determination concerning the imposition of any
withdrawal liability by a Multiemployer Plan against such Person, or
any ERISA Affiliate, the determination that a Multiemployer Plan is,
or is expected to be, in reorganization within the meaning of Title IV
of ERISA or the termination of any Plan.
(j) ERISA. Upon any of the Credit Parties obtaining
knowledge thereof, the Borrower will give written notice to the Agent
promptly (and in any event within five business days) of: (i) any
event or condition, including, but not limited to, any Reportable
Event, that constitutes, or might reasonably lead to, a Termination
Event; (ii) with respect to any Multiemployer Plan, the receipt of
notice as prescribed in ERISA or otherwise of any withdrawal liability
assessed against the Borrower or any of its ERISA Affiliates, or of a
determination that any Multiemployer Plan is in reorganization or
insolvent (both within the meaning of Title IV of ERISA); (iii) the
failure to make full payment on or before the due date (including
extensions) thereof of all amounts which the Borrower, any of the
Subsidiaries of the Borrower or any ERISA Affiliate is required to
contribute to each Plan pursuant to its terms and as required to meet
the minimum funding standard set forth in ERISA and the Code with
respect thereto; or (iv) any change in the funding status of any Plan
that reasonably could be expected to have a Material Adverse Effect;
together, with a description of any such event or condition or a copy
of any such notice and a statement by
- 85 -
E-90
<PAGE> 91
the principal financial officer of the Borrower briefly setting forth
the details regarding such event, condition, or notice, and the
action, if any, which has been or is being taken or is proposed to be
taken by the Credit Parties with respect thereto. Promptly upon
request, the Borrower shall furnish the Agent and the Lenders with
such additional information concerning any Plan as may be reasonably
requested, including, but not limited to, copies of each annual
report/return (Form 5500 series), as well as all schedules and
attachments thereto required to filed with the Department of Labor
and/or the Internal Revenue Service pursuant to ERISA and the Code,
respectively, for each "plan year" (within the meaning of Section
3(39) of ERISA).
(k) Additional Patents and Trademarks. At the time of
delivery of the financial statements and reports provided for in
Section 7.1(a), a report signed by the chief financial officer or
treasurer of the Borrower setting forth (i) a list of registration
numbers for all patents, trademarks, service marks, tradenames and
copyrights awarded to any Credit Party since the last day of the
immediately preceding fiscal year and (ii) a list of all patent
applications, trademark applications, service mark applications, trade
name applications and copyright applications submitted by any Credit
Party since the last day of the immediately preceding fiscal year and
the status of each such application, all in such form as shall be
reasonably satisfactory to the Agent.
(l) Other Information. With reasonable promptness upon
any such request, such other information regarding the business,
properties or financial condition of the Borrower or any of its
Subsidiaries as the Agent or the Required Lenders may reasonably
request.
7.2 Preservation of Existence and Franchises. Except to the
extent otherwise permitted under Section 8.4, the Borrower will, and will cause
each of its Subsidiaries to, do all things necessary to preserve and keep in
full force and effect its existence, rights, franchises and authority.
7.3 Books and Records. The Borrower will, and will cause each of
its Subsidiaries to, keep complete and accurate books and records of its
transactions in accordance with good accounting practices on the basis of GAAP
(including the establishment and maintenance of appropriate reserves).
7.4 Compliance with Law. The Borrower will, and will cause each
of its Subsidiaries to, comply with all laws, rules, regulations and orders,
and all applicable restrictions imposed by all Governmental Authorities,
applicable to it and its property if noncompliance with any such law, rule,
regulation, order or restriction would have a Material Adverse Effect.
- 86 -
E-91
<PAGE> 92
7.5 Payment of Taxes and Other Indebtedness. The Borrower will,
and will cause each of its Subsidiaries to, pay and discharge (i) all taxes,
assessments and governmental charges or levies imposed upon it, or upon its
income or profits, or upon any of its properties, before they shall become
delinquent, (ii) all lawful claims (including claims for labor, materials and
supplies) which, if unpaid, might give rise to a Lien upon any of its
properties, and (iii) except as prohibited hereunder, all of its other
Indebtedness as it shall become due; provided, however, that the Borrower and
its Subsidiaries shall not be required to pay any such tax, assessment, charge,
levy, claim or Indebtedness which is being contested in good faith by
appropriate proceedings and as to which adequate reserves therefor have been
established in accordance with GAAP, unless the failure to make any such
payment (i) would give rise to an immediate right to foreclose on a Lien
securing such amounts or (ii) would have a Material Adverse Effect.
7.6 Insurance. The Borrower will, and will cause each of its
Subsidiaries to, at all times maintain in full force and effect insurance
(including worker's compensation insurance, liability insurance, casualty
insurance and business interruption insurance) in such amounts, covering such
risks and liabilities and with such deductibles or self-insurance retentions as
are in accordance with normal industry practice (or as otherwise required by
the Collateral Documents). The Agent shall be named as loss payee or
mortgagee, as its interest may appear, and/or additional insured with respect
to any such insurance providing coverage in respect of any Collateral, and each
provider of any such insurance shall agree, by endorsement upon the policy or
policies issued by it or by independent instruments furnished to the Agent,
that it will give the Agent thirty (30) days prior written notice before any
such policy or policies shall be altered or cancelled, and that no act or
default of the Borrower or any of its Subsidiaries or any other Person shall
affect the rights of the Agent or the Lenders under such policy or policies.
7.7 Maintenance of Property. The Borrower will, and will cause
each of its Subsidiaries to, maintain and preserve its properties and equipment
material to the conduct of its business in good repair, working order and
condition, normal wear and tear excepted, and will make, or cause to be made,
in such properties and equipment from time to time all repairs, renewals,
replacements, extensions, additions, betterments and improvements thereto as
may be needed or proper, to the extent and in the manner customary for
companies in similar businesses.
7.8 Performance of Obligations. The Borrower will, and will cause
each of its Subsidiaries to, perform in all material respects all of its
obligations under the terms of all material agreements, indentures, mortgages,
security agreements or other debt instruments to which it is a party or by
which it is bound.
- 87 -
E-92
<PAGE> 93
7.9 Use of Proceeds. The Borrower will use the proceeds of the
Loans and will use the Letters of Credit solely for the purposes set forth in
Section 6.15.
7.10 Audits/Inspections. Upon reasonable notice and during normal
business hours, the Borrower will, and will cause each of its Subsidiaries to,
permit representatives appointed by the Agent, including, without limitation,
independent accountants, agents, attorneys, and appraisers to visit and inspect
its property, including its books and records, its accounts receivable and
inventory, its facilities and its other business assets, and to make
photocopies or photographs thereof and to write down and record any information
such representative obtains and shall permit the Agent or its representatives
to investigate and verify the accuracy of information provided to the Lenders
and to discuss all such matters with the officers, employees and
representatives of such Person; provided, however, that any costs or expenses
incurred by the Agent or any of the Lenders in connection with any of the
foregoing shall not be for the Borrower's account. Each of the Credit Parties
agrees that the Agent, and its representatives, may conduct an annual audit of
the Collateral, at the expense of the Borrower.
7.11 Financial Covenants.
(a) Consolidated Tangible Net Worth. Consolidated
Tangible Net Worth at all times shall be no less than the sum of
$10,500,000, increased on a cumulative basis by an amount equal to (i)
as of the last day of each fiscal quarter commencing with the first of
such dates to occur after the Closing Date, 50% of the Consolidated
Net Income (without deduction for any losses) for the fiscal quarter
then ended plus (ii) as of the date of any Equity Transaction, 100% of
the proceeds received from such Equity Transaction.
(b) Consolidated Funded Debt Coverage Ratio. The
Consolidated Funded Debt Coverage Ratio at each Calculation Date shall
be no greater than the following proportions:
<TABLE>
<CAPTION>
Period Ratio
------ -----
<S> <C>
For the period occurring 3.50 to 1.00
from the Closing Date
through the last day of
the 1996 fiscal year of
the Borrower and its
Subsidiaries
For the period occurring 3.00 to 1.00
from the first day of the
1997 fiscal year of the
Borrower and its
Subsidiaries and thereafter
</TABLE>
- 88 -
E-93
<PAGE> 94
(c) Consolidated Fixed Charge Coverage Ratio. The
Consolidated Fixed Charge Coverage Ratio shall be no less than:
(i) 1.75 to 1.00 for (x) the first fiscal quarter
of fiscal year 1996 of the Borrower and its Subsidiaries and
(y) the first two fiscal quarters of fiscal year 1996 of the
Borrower and its Subsidiaries;
(ii) 2.00 to 1.00 for (x) the first three fiscal
quarters of fiscal year 1996 of the Borrower and its
Subsidiaries and (y) fiscal year 1996 of the Borrower and its
Subsidiaries; and
(iii) 2.50 to 1.00 for the four-quarter period
ended as of each Calculation Date thereafter.
(d) Consolidated Debt to Capitalization Ratio. The
Consolidated Debt to Capitalization Ratio at each Calculation Date
shall be no less than the following proportions:
<TABLE>
<CAPTION>
Period Ratio
------ -----
<S> <C>
For the period occurring 0.70 to 1.00
from the Closing Date
through the last day of
the third fiscal quarter
of fiscal year 1996
of the Borrower and its
Subsidiaries
For the period occurring 0.65 to 1.00
from the first day of
the fourth fiscal quarter
of fiscal year 1996
of the Borrower and its
Subsidiaries through the
last day of the third
fiscal quarter of fiscal
year 1997 of the Borrower
and its Subsidiaries
For the period occurring 0.60 to 1.00
from the first day of
the fourth fiscal quarter
of fiscal year 1997 and
thereafter
</TABLE>
7.12 Additional Credit Parties. As soon as practicable and in any
event within 30 days after any Person becomes a direct or indirect Domestic
Subsidiary of the Borrower, the Borrower shall provide the Agent with written
notice thereof setting forth
- 89 -
E-94
<PAGE> 95
information in reasonable detail describing all of the assets of such Person
and shall (a) cause such Person to execute a Joinder Agreement in substantially
the same form as Schedule 7.12, (b) cause 100% of the capital stock of such
Person to be delivered to the Agent (together with undated stock powers signed
in blank) and pledged to the Agent pursuant to an appropriate pledge
agreement(s) in substantially the form of the Pledge Agreement and otherwise in
form acceptable to the Agent and (c) cause such Person to (i) if such Person
has any Domestic Subsidiaries, (A) deliver 100% of the capital stock of such
Subsidiaries (together with undated stock powers signed in blank) to the Agent
and (B) execute a pledge agreement in substantially the form of the Pledge
Agreement and otherwise in form acceptable to the Agent, (ii) if such Person
owns or leases any real property located in the United States of America and
deemed to be material by the Agent or the Required Lenders in its or their sole
reasonable discretion, execute any and all necessary mortgages, deeds of trust,
deeds to secure debt or other appropriate real estate collateral documentation
in form acceptable to the Agent and (iii) deliver such other documentation as
the Agent may reasonably request in connection with the foregoing, including,
without limitation, appropriate UCC-1 financing statements, real estate title
insurance policies, environmental reports, landlord's waivers, certified
resolutions and other organizational and authorizing documents of such Person
and favorable opinions of counsel to such Person (which shall cover, among
other things, the legality, validity, binding effect and enforceability of the
documentation referred to above), all in form, content and scope reasonably
satisfactory to the Agent.
7.13 Pledged Assets. (a) Each Domestic Subsidiary of the Borrower
will cause all of its real (whether leased or owned) property located in the
United States of America and deemed to be material by the Agent or the Required
Lenders in its or their sole reasonable discretion, and all of its personal
property deemed to be material by the Agent or the Required Lenders in its or
their sole reasonable discretion (including without limitation 100% of its
equity ownership interest in its Domestic Subsidiaries) to be subject at all
times to first priority, perfected and, in the case of real property (whether
leased or owned), title insured Liens in favor of the Agent pursuant to the
terms and conditions of the Collateral Documents or, with respect to any such
property acquired subsequent to the Closing Date, such other additional
security documents as the Agent shall reasonably request. With respect to any
real property (whether leased or owned) located in the United States of America
acquired by any Domestic Subsidiary of the Borrower subsequent to the Closing
Date and deemed to be material by the Agent or the Required Lenders in its or
their sole reasonable discretion, such Domestic Subsidiary will cause to be
delivered to the Agent documents, instruments and other items of the types
required to be delivered pursuant to Section 7.17. In furtherance of the
foregoing terms of this Section 7.13 and without limiting the terms of Section
8.4(c), the Borrower agrees (i) as soon as
- 90 -
E-95
<PAGE> 96
practicable after the Closing Date and in any event not later than April 30,
1996, the Credit Parties shall, unless in any such case the Credit Parties are
unable after good faith efforts to do so, cause to be delivered to the Agent,
in form and substance reasonably satisfactory to the Agent, such estoppel
letters, consents and waivers as may be required by the Agent from the
landlords of each leased location of Collateral set forth in Schedule 2 to the
Security Agreement, which estoppel letters, consents and waivers shall be in
the form and substance reasonably satisfactory to the Agent and (ii) to
promptly provide the Agent with written notice of the acquisition by, or the
entering into a leasing by, the Borrower or any of its Domestic Subsidiaries of
any asset(s) having a market value greater than $1,000,000, setting forth in
reasonable detail a description of the asset(s) so acquired.
(b) Without limiting the generality of the terms of subsection (a)
above, the Credit Parties will cause 100% of the capital stock or other equity
interest in each Domestic Subsidiary of the Borrower to be subject at all times
to a first priority, perfected Lien in favor of the Agent pursuant to the terms
and conditions of the Collateral Documents or such other security documents as
the Agent shall reasonably request.
7.14 Interest Rate Protection Agreements. The Borrower shall, by
February 16, 1996, enter into interest rate protection agreements protecting
against fluctuations in interest rates as to which the material terms are
reasonably satisfactory to the Agent, which agreements shall provide coverage
in an amount equal to at least 50% of the aggregate outstanding principal
balances of the Tranche A Term Loan and the Tranche B Term Loan and for a
duration of at least three (3) years from the Effective Date.
7.15 Ownership of Subsidiaries; Domestic Operations. (a) Except to
the extent otherwise provided in Section 8.4(b) and Section 8.11, the Borrower
shall, directly or indirectly, own at all times 100% of the capital stock of
each of its Subsidiaries.
(b) (i) The Borrower and its direct and indirect Domestic
Subsidiaries shall own at all times at least 75% of Consolidated Total Assets
and (ii) each direct and indirect Foreign Subsidiary of the Borrower shall
cause its cash and Cash Equivalents from time to time in excess of $200,000 to
be distributed to the Borrower (directly or indirectly through Genicom Foreign
Sales Corporation, a U.S. Virgin Islands corporation wholly-owned by the
Borrower ("GFSC")) and applied, first, to the payment of such Foreign
Subsidiary's intercompany obligations for the purchase of goods sold or
services rendered (and, in the case of goods sold by the Borrower through GFSC,
also as a further payment by GFSC of its intercompany obligations for the
purchase of goods from or services rendered by the Borrower), second, if all
intercompany obligations for the purchase of goods sold and services rendered
have been paid, to the repayment of intercompany loans then due,
- 91 -
E-96
<PAGE> 97
if any, and, lastly, as loan disbursements by such Foreign Subsidiary to the
Borrower.
7.16 Payment of Subordinated Notes. On or before February 16,
1996, the Borrower shall have repaid or prepaid in full the indebtedness
evidenced by the Subordinated Notes, together with all accrued interest,
prepayment premiums and other amounts due with respect thereto.
7.17 Further Assurances Regarding Real Property Collateral. As soon
as practicable after the Closing Date and in any event not later than April 30,
1996, the Credit Parties shall, unless in any such case the Credit Parties are
unable after good faith efforts to do so, cause to be delivered to the Agent,
in form and substance reasonably satisfactory to the Agent:
(a) fully executed and notarized mortgages, deeds of
trust or deeds to secure debt (each a "Mortgage Instrument" and
collectively the "Mortgage Instruments") encumbering the fee interest
and/or leasehold interest of any Credit Party in each real property
asset designated in Schedule 7.17(a) (each a "Mortgaged Property" and
collectively the "Mortgaged Properties");
(b) a title report obtained by the Credit Parties in
respect of each of the Mortgaged Properties;
(c) in the case of each real property leasehold interest
of any Credit Party constituting Mortgaged Property, (i) such estoppel
letters, consents and waivers from the landlords of such real property
as may be required by the Agent, which estoppel letters, consents and
waivers shall be in the form and substance reasonably satisfactory to
the Agent and (ii) evidence that the applicable lease, a memorandum of
lease with respect thereto, or other evidence of such lease in form
and substance reasonably satisfactory to the Agent, has been or will
be recorded in all places to the extent necessary or desirable, in the
reasonable judgment of the Agent, so as to enable the Mortgage
Instrument encumbering such leasehold interest to effectively create a
valid and enforceable first priority lien (subject to Permitted Liens)
on such leasehold interest in favor of the Agent (or such other Person
as may be required or desired under local law) for the benefit of
Lenders;
(d) maps or plats (which shall have also been received by
the title insurance company(ies) referred to in subsection (e) below
(the "Title Insurance Company")) of an as-built survey of the sites of
the real property covered by the Mortgage Instruments certified to the
Agent and the Title Insurance Company in a manner reasonably
satisfactory to each of the Agent and the Title Insurance Company,
dated a date reasonably satisfactory to the Agent and the Title
- 92 -
E-97
<PAGE> 98
Insurance Company by an independent professional licensed land
surveyor, which maps or plats and the surveys on which they are based
shall be made in accordance with standards that enable the Title
Insurance Company to issue the policies referred to in subsection (e)
below without exception for "survey matters", except for matters as
are reasonably acceptable to the Agent;
(e) ALTA mortgagee title insurance policies issued by a
title insurance company or companies selected by the Borrower and
acceptable to the Agent (the "Mortgage Policies"), in amounts not less
than the respective amounts designated in Schedule 7.17(a) with
respect to any particular Mortgaged Property, assuring the Agent that
each of the Mortgage Instruments creates a valid and enforceable first
priority mortgage lien on the applicable Mortgaged Property, free and
clear of all defects and encumbrances except Permitted Liens, which
Mortgage Policies shall be in form and substance reasonably
satisfactory to the Agent and shall provide for affirmative insurance
and such reinsurance as the Agent may reasonably request, all of the
foregoing in form and substance reasonably satisfactory to the Agent;
(f) evidence, which may be in the form of a letter from
an insurance broker or a municipal engineer, as to whether (i) any
Mortgaged Property (a "Flood Hazard Property") is in an area
designated by the Federal Emergency Management Agency as having
special flood or mud slide hazards and (ii) the community in which
such Flood Hazard Property is located is participating in the National
Flood Insurance Program;
(g) if there are any Flood Hazard Properties, a Credit
Party's written acknowledgement of receipt of written notification
from the Agent (i) as to the existence of each such Flood Hazard
Property and (ii) as to whether the community in which each such Flood
Hazard Property is located is participating in the National Flood
Insurance Program; and
(h) a legal opinion of special local counsel reasonably
acceptable to the Agent in respect of each of the Mortgage Instruments.
SECTION 8
NEGATIVE COVENANTS
Each Credit Party hereby covenants and agrees that, so long as this
Credit Agreement is in effect or any amounts payable hereunder or under any
other Credit Document shall remain outstanding, and until all of the
Commitments hereunder shall have terminated:
- 93 -
E-98
<PAGE> 99
8.1 Indebtedness. The Borrower will not, nor will it permit any of
its Subsidiaries to, contract, create, incur, assume or permit to exist any
Indebtedness, except:
(a) Indebtedness arising under this Credit Agreement and
the other Credit Documents;
(b) Indebtedness of the Borrower or any of its
Subsidiaries existing as of the Closing Date and set forth in Schedule
8.1 (and renewals, refinancings and extensions thereof on terms and
conditions no less favorable to such Person than such existing
Indebtedness);
(c) purchase money Indebtedness (including Capital
Leases) hereafter incurred by the Borrower or any of its Subsidiaries
to finance the purchase of fixed assets provided that (i) the total of
all such Indebtedness for all such Persons taken together shall not
exceed an aggregate principal amount of $2,500,000 at any one time
outstanding (including any such Indebtedness referred to in subsection
(b) above); (ii) such Indebtedness when incurred shall not exceed the
purchase price of the asset(s) financed; and (iii) no such
Indebtedness shall be refinanced for a principal amount in excess of
the principal balance outstanding thereon at the time of such
refinancing;
(d) obligations of the Borrower in respect of interest
rate protection agreements, foreign currency exchange, commodity
purchase or option agreements or other interest or exchange rate or
commodity price hedging agreements entered into in order to manage
existing or anticipated interest rate, exchange rate or commodity
price risks and not for speculative purposes;
(e) Intercompany Indebtedness incurred in the ordinary
course of business and consistent with past practices or for cash
management purposes;
(f) intercompany Indebtedness of the Foreign Subsidiaries
of the Borrower owing (i) to any other Foreign Subsidiary of the
Borrower or (ii) subject to the terms of Section 8.5, to any Credit
Party; and
(g) (i) Indebtedness of Genicom Canada Inc. of up to
$1,500,000 (or the Canadian Dollar equivalent thereof); and
(ii) unsecured Guaranty Obligations of the
Borrower in respect of any Indebtedness permitted pursuant to this
Section 8.1.
8.2 Liens. The Borrower will not, nor will it permit any of its
Subsidiaries to, contract, create, incur, assume or permit
- 94 -
E-99
<PAGE> 100
to exist any Lien with respect to any of their Property, whether now owned or
after acquired, except for Permitted Liens.
8.3 Nature of Business. Neither the Borrower nor any of its
Subsidiaries will substantively alter the character or conduct of the business
conducted by any such Person as of the Closing Date.
8.4 Consolidation, Merger, Sale or Purchase of Assets, etc. The
Borrower will not, nor will it permit any of its Subsidiaries to:
(a) dissolve, liquidate or wind up their affairs, or
enter into any transaction of merger or consolidation; provided,
however, that, so long as no Default or Event of Default would be
directly or indirectly caused as a result thereof, (i) the Borrower
may merge or consolidate with any of its Subsidiaries provided that
the Borrower is the surviving corporation; (ii) any Credit Party
(other than the Borrower) may merge or consolidate with any other
Credit Party (other than the Borrower); (iii) any Credit Party may
merge or consolidate with any Person that is not a Credit Party
provided that (A) such Credit Party is the surviving corporation and
(B) no later than 14 days prior to such merger or consolidation, the
Agent and the Lenders shall have received a certificate of the chief
financial officer or treasurer of the Borrower providing facts or
computations in reasonable detail demonstrating that, after giving
effect on a Pro Forma Basis to such merger or consolidation, no
Default or Event of Default would exist hereunder; (iv) any Subsidiary
of the Borrower that is not a Credit Party may merge or consolidate
with any other Person that is not a Credit Party provided that after
giving effect on a Pro Forma Basis to such merger or consolidation, no
Default or Event of Default would exist hereunder; and (v) any
Wholly-Owned Subsidiary of the Borrower may dissolve, liquidate or
wind up its affairs at any time;
(b) sell, lease, transfer or otherwise dispose of any
Property (including without limitation pursuant to any sale leaseback
transaction) other than (i) the sale of inventory in the ordinary
course of business for fair consideration, (ii) the sale or
disposition of machinery and equipment no longer used or useful in the
conduct of such Person's business, (iii) the sale or other disposition
of the Ogden Assets pursuant to that certain Stock Purchase Agreement,
dated December 15, 1995 among the Borrower, Genicom de Mexico, S.A. DE
C.V., Paul T. Winn, James A. Jones, James C. Gale, Genicom
International Holdings Corporation, Atlantic Design Company, Inc.,
Ogden Allied Maintenance Corporation and Ogden Services Corporation,
and (iv) subject to the terms of Section 8.8, any other Asset
Disposition, provided that, no later than 14 days prior to such Asset
Disposition, the Agent and the Lenders shall have received a
certificate
- 95 -
E-100
<PAGE> 101
of the chief financial officer or treasurer of the Borrower (A)
providing facts or computations in reasonable detail demonstrating
that (1) the aggregate cumulative book value of assets disposed of in
all the Asset Dispositions occurring on or after the Closing Date does
not exceed 20% of Consolidated Total Assets as of the most recent
Calculation Date with respect to which the Agent and the Lenders shall
have received the Required Financial Information, (2) the aggregate
cumulative book value of assets disposed of in all the Asset
Dispositions occurring during the then current fiscal year of the
Borrower does not exceed 10% of Consolidated Total Assets as of the
most recent Calculation Date with respect to which the Agent and the
Lenders shall have received the Required Financial Information and (3)
after giving effect on a Pro Forma Basis to such Asset Disposition, no
Default or Event of Default would exist hereunder and (B) specifying
the anticipated or actual date of such Asset Disposition, briefly
describing the assets sold or otherwise disposed of or to be sold or
otherwise disposed of and setting forth the net book value of such
assets and the aggregate consideration and Net Proceeds to be received
for such assets in connection with such Asset Disposition, and
thereafter the Borrower shall (x) within the period of one (1) month
following the consummation of such Asset Disposition (with respect to
any such Asset Disposition, the "Application Period"), apply (or cause
its applicable Subsidiary to apply) an amount equal to the Net
Proceeds of such Asset Disposition to the purchase, acquisition or, in
the case of real property, construction of Alternative Assets or (y)
prepay the Loans in connection with such Asset Disposition to the
extent required by Section 3.3(c)(i); or
(c) except as otherwise permitted by Section 8.4(a) and
Section 8.5 and except for any such transactions with respect to which
the purchase price consists of capital stock or securities of the
acquiring Person, acquire all or any portion of the capital stock or
securities of any other Person or purchase, lease or otherwise acquire
(in a single transaction or a series of related transactions) all or
any substantial part of the Property of any other Person, provided
that, subject to the terms of Section 7.12, Section 7.15(b), Section
8.5 and Section 8.8, the Borrower or any of its Subsidiaries shall be
permitted to acquire all or any portion of the capital stock or
securities or all or substantially all of the assets of any Person
engaged in a business or businesses substantially similar to any
business currently conducted by the Borrower or any of its
Subsidiaries, but only to the extent that, no later than 14 days prior
to such acquisition, the Agent and the Lenders shall have received a
certificate of the chief financial officer or treasurer of the
Borrower providing facts or computations in reasonable detail
demonstrating that (i) the cost of any such acquisition (including any
assumption of
- 96 -
E-101
<PAGE> 102
Indebtedness in connection therewith, but excluding any portion of the
purchase price for any such acquisition consisting of capital stock or
other securities of the Borrower) individually does not exceed
$20,000,000, (ii) the cost of all such acquisitions (including any
assumption of Indebtedness in connection therewith, but excluding any
portion of the purchase price for any such acquisition consisting of
capital stock or other securities of the Borrower) occurring during
any fiscal year of the Borrower does not exceed $30,000,000 and (iii)
after giving effect on a Pro Forma Basis to such acquisition
(including but not limited to any Indebtedness to be incurred or
assumed by the Borrower or any of its Subsidiaries in connection
therewith), no Default or Event of Default would exist hereunder.
8.5 Advances, Investments, Loans, etc. The Borrower will not, nor
will it permit any of its Subsidiaries to, make Investments in or to any
Person, except for Permitted Investments.
8.6 Restricted Payments. The Borrower will not, nor will it permit
any of its Subsidiaries to, directly or indirectly declare, order, make or set
apart any sum for or pay any Restricted Payment, except (i) to make dividends
payable solely in the same class of capital stock of such Person, (ii) to make
dividends payable to any Credit Party, (iii) as permitted by Section 8.7, (iv)
provided that no Default or Event of Default has occurred and is continuing at
such time or would be directly or indirectly caused as a result thereof, to
make interest payments on Intercompany Indebtedness and (v) in addition to the
foregoing, other Restricted Payments provided that (A) no Default or Event of
Default has occurred and is continuing at the time of such Restricted Payment
or would be directly or indirectly caused as a result thereof and (B) the
aggregate amount of all such Restricted Payments made pursuant to this clause
(v) during any fiscal year does not exceed 20% of Consolidated Net Income for
such fiscal year.
8.7 Prepayments of Indebtedness, etc. The Borrower will not, nor
will it permit any of its Subsidiaries to, (i) after the issuance thereof,
amend or modify (or permit the amendment or modification of) any of the terms
of any Indebtedness if such amendment or modification would add or change any
terms in a manner adverse to the issuer of such Indebtedness, or shorten the
final maturity or average life to maturity or require any payment to be made
sooner than originally scheduled or increase the interest rate applicable
thereto or change any subordination provision thereof, (ii) (A) if any Default
or Event of Default has occurred and is continuing or would be directly or
indirectly caused as a result thereof, make (or give any notice with respect
thereto) any voluntary or optional payment or prepayment or redemption or
acquisition for value of (including without limitation, by way of depositing
money or securities with the
- 97 -
E-102
<PAGE> 103
trustee with respect thereto before due for the purpose of paying when due),
refund, refinance or exchange of, any other Indebtedness (other than
Intercompany Indebtedness) or (B) except as otherwise permitted by Section
8.6(iv), make any payment or prepayment of any Intercompany Indebtedness or
(iii) amend, modify or change its articles of incorporation (or corporate
charter or other similar organizational document) or bylaws (or other similar
document) where such change would have a Material Adverse Effect.
8.8 Transactions with Affiliates. The Borrower will not, nor will it
permit any of its Subsidiaries to, enter into or permit to exist any
transaction or series of transactions with any officer, director, shareholder,
Subsidiary or Affiliate of such Person other than (a) advances of working
capital to any Credit Party, (b) transfers of cash and assets to any Credit
Party, (c) transactions permitted by Section 8.1(e), Section 8.1(f) or Section
8.1(g)(ii), Section 8.4, Section 8.5 or Section 8.6, (d) normal compensation
and reimbursement of expenses of officers and directors, (e) except as
otherwise specifically limited in this Credit Agreement, other transactions
(including without limitation any such transaction giving rise to an
intercompany trade payable) which are entered into in the ordinary course of
such Person's business on terms and conditions substantially as favorable to
such Person as would be obtainable by it in a comparable arms-length
transactions with a Person other than an officer, director, shareholder,
Subsidiary or Affiliate and (f) other transactions described in Schedule 8.8.
8.9 Fiscal Year. The Borrower will not, nor will it permit any of
its Subsidiaries to, change its fiscal year except to change the fiscal year of
any Person acquired by the Borrower or any of its Subsidiaries in order to
coincide with the fiscal year of the Borrower and its Subsidiaries.
8.10 Limitation on Restrictions on Subsidiary Dividends and Other
Distributions, etc. The Borrower will not, nor will it permit any of its
Subsidiaries to, directly or indirectly, create or otherwise cause, incur,
assume, suffer or permit to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any such Person to (a)
pay dividends or make any other distribution on any of such Person's capital
stock, (b) subject to subordination provisions, pay any Indebtedness owed to
the Borrower or any other Credit Party, (c) make loans or advances to any
Credit Party or (d) transfer any of its Property to any Credit Party, except
for encumbrances or restrictions existing under or by reason of (i) customary
non-assignment provisions in any lease governing a leasehold interest, (ii)
other agreements described on Schedule 8.1 attached hereto, and (iii) this
Credit Agreement and the other Credit Documents.
8.11 Issuance and Sale of Subsidiary Stock. The Borrower will not,
nor will it permit any of its Subsidiaries to, except
- 98 -
E-103
<PAGE> 104
(i) to qualify directors where required by applicable law, (ii) to satisfy
legal requirements regarding minimum number of equity holders in Foreign
Subsidiaries, (iii) as otherwise permitted under the terms of Section 8.4(b)
and (iv) the issuance of shares of capital stock to the Borrower, sell,
transfer or otherwise dispose of, any shares of capital stock of any of its
Subsidiaries or permit any of its Subsidiaries to issue, sell or otherwise
dispose of, any shares of capital stock of any of its Subsidiaries.
8.12 Sale Leasebacks. Except as otherwise permitted by Section
8.4(c), the Borrower will not, nor will it permit any of its Subsidiaries to,
directly or indirectly, become or remain liable as lessee or as guarantor or
other surety with respect to any lease, whether an Operating Lease or a Capital
Lease, of any Property (whether real or personal or mixed), whether now owned
or hereafter acquired, (i) which such Person has sold or transferred or is to
sell or transfer to any other Person other than a Credit Party or (ii) which
such Person intends to use for substantially the same purpose as any other
Property which has been sold or is to be sold or transferred by such Person to
any other Person other than a Credit Party in connection with such lease.
8.13 No Further Negative Pledges. Except with respect to
prohibitions against other encumbrances on specific Property encumbered to
secure payment of particular Indebtedness (which Indebtedness relates solely to
such specific Property, and improvements and accretions thereto, and is
otherwise permitted hereby), the Borrower will not, nor will it permit any of
its Subsidiaries to, enter into, assume or become subject to any agreement
prohibiting or otherwise restricting the creation or assumption of any Lien
upon its properties or assets, whether now owned or hereafter acquired, or
requiring the grant of any security for such obligation if security is given
for some other obligation.
8.14 Operating Lease Obligations. The Borrower will not, nor will it
permit any of its Subsidiaries to, enter into, assume or permit to exist any
obligations for the payment of rental under Operating Leases which in the
aggregate for all such Persons would exceed $12,000,000 in any fiscal year.
SECTION 9
EVENTS OF DEFAULT
9.1 Events of Default. An Event of Default shall exist upon the
occurrence of any of the following specified events (each an "Event of
Default"):
(a) Payment. Any Credit Party shall
- 99 -
E-104
<PAGE> 105
(i) default in the payment when due of any principal
of any of the Loans or of any reimbursement obligations
arising from drawings under Letters of Credit, or
(ii) default, and such defaults shall continue for
five (5) or more Business Days, in the payment when due of any
interest on the Loans or on any reimbursement obligations
arising from drawings under Letters of Credit, or of any Fees
or other amounts owing hereunder, under any of the other
Credit Documents or in connection herewith or therewith; or
(b) Representations. Any representation, warranty or
statement made or deemed to be made by any Credit Party herein, in any
of the other Credit Documents, or in any statement or certificate
delivered or required to be delivered pursuant hereto or thereto shall
prove untrue in any material respect on the date as of which it was
deemed to have been made; or
(c) Covenants. Any Credit Party shall
(i) default in the due performance or observance of
any term, covenant or agreement contained in Sections 7.2,
7.9, 7.11, 7.12, 7.14, 7.15, 7.16 or 8.1 through 8.14,
inclusive, or
(ii) default in the due performance or observance by
it of any term, covenant or agreement (other than those
referred to in subsections (a), (b) or (c)(i) of this Section
9.1) contained in this Credit Agreement and such default shall
continue unremedied for a period of at least 30 days after the
earlier of a responsible officer of a Credit Party becoming
aware of such default or notice thereof by the Agent; or
(d) Other Credit Documents. (i) Any Credit Party shall
default in the due performance or observance of any term, covenant or
agreement in any of the other Credit Documents (subject to applicable
grace or cure periods, if any), or (ii) any Credit Document shall fail
to be in full force and effect or to give the Agent and/or the Lenders
the Liens, rights, powers and privileges purported to be created
thereby; or
(e) Guaranties. The guaranty given by any Guarantor
hereunder (including any Additional Credit Party) or any provision
thereof shall cease to be in full force and effect, or any Guarantor
(including any Additional Credit Party) hereunder or any Person acting
- 100 -
E-105
<PAGE> 106
by or on behalf of such Guarantor shall deny or disaffirm such
Guarantor's obligations under such guaranty, or any Guarantor shall
default in the due performance or observance of any term, covenant or
agreement on its part to be performed or observed pursuant to any
guaranty; or
(f) Bankruptcy Event. Any Bankruptcy Event shall occur
with respect to the Borrower or any of its Subsidiaries; or
(g) Defaults under Other Agreements. With respect to any
Indebtedness (other than Indebtedness outstanding under this Credit
Agreement) in excess of $5,000,000 in the aggregate for the Borrower
and each of its Subsidiaries taken as a whole, (i) the Borrower or any
of its Subsidiaries shall (A) default in any payment (beyond the
applicable grace period with respect thereto, if any) with respect to
any such Indebtedness, or (B) default in the observance or performance
relating to such Indebtedness or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event
or condition shall occur or condition exist, the effect of which
default or other event or condition is to cause, or permit, the holder
or holders of such Indebtedness (or trustee or agent on behalf of such
holders) to cause (after the giving of any required notice or the
passing of any required period of time or both), any such Indebtedness
to become due prior to its stated maturity; or (ii) any such
Indebtedness shall be declared due and payable, or required to be
prepaid other than by a regularly scheduled required prepayment, prior
to the stated maturity thereof; or
(h) Judgments. One or more judgments or decrees shall be
entered against the Borrower or any of its Subsidiaries involving a
liability of $5,000,000 or more in the aggregate (to the extent not
paid or fully covered by insurance provided by a carrier who has
acknowledged coverage) and any such judgments or decrees shall not
have been vacated, discharged or stayed or bonded pending appeal
within 30 days from the entry thereof; or
(i) ERISA. Any of the following events or conditions, if
such event or condition could have a Material Adverse Effect: (1) any
"accumulated funding deficiency," as such term is defined in Section
302 of ERISA and Section 412 of the Code, whether or not waived, shall
exist with respect to any Plan, or any lien shall arise on the assets
of the Borrower, any of the Subsidiaries of the Borrower or any ERISA
Affiliate in favor of the PBGC or a Plan; (2) a Termination Event
- 101 -
E-106
<PAGE> 107
shall occur with respect to a Single Employer Plan, which is, in the
reasonable opinion of the Agent, likely to result in the termination
of such Plan for purposes of Title IV of ERISA; (3) a Termination
Event shall occur with respect to a Multiemployer Plan or Multiple
Employer Plan, which is, in the reasonable opinion of the Agent,
likely to result in (i) the termination of such Plan for purposes of
Title IV of ERISA, or (ii) the Borrower, any of the Subsidiaries of
the Borrower or any ERISA Affiliate incurring any liability in
connection with a withdrawal from, reorganization of (within the
meaning of Section 4241 of ERISA), or insolvency or (within the
meaning of Section 4245 of ERISA) such Plan; or (4) any prohibited
transaction (within the meaning of Section 406 of ERISA or Section
4975 of the Code) or breach of fiduciary responsibility shall occur
which may subject the Borrower, any of the Subsidiaries of the
Borrower or any ERISA Affiliate to any liability under Sections 406,
409, 502(i), or 502(l) of ERISA or Section 4975 of the Code, or under
any agreement or other instrument pursuant to which the Borrower, any
of the Subsidiaries of the Borrower or any ERISA Affiliate has agreed
or is required to indemnify any person against any such liability; or
(j) Ownership. There shall occur a Change of Control.
9.2 Acceleration; Remedies. Upon the occurrence of an Event of
Default, and at any time thereafter unless and until such Event of Default has
been waived by the Required Lenders or cured to the satisfaction of the
Required Lenders (pursuant to the voting procedures in Section 11.6), the Agent
shall, upon the request and direction of the Required Lenders, by written
notice to the Credit Parties take any of the following actions without
prejudice to the rights of the Agent or any Lender to enforce its claims
against the Credit Parties, except as otherwise specifically provided for
herein:
(i) Termination of Commitments. Declare the Commitments
terminated whereupon the Commitments shall be immediately terminated.
(ii) Acceleration. Declare the unpaid principal of and any
accrued interest in respect of all Loans, any reimbursement
obligations arising from drawings under Letters of Credit and any and
all other indebtedness or obligations of any and every kind owing by
the Borrower to any of the Lenders hereunder to be due whereupon the
same shall be immediately due and payable without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by
the Borrower.
- 102 -
E-107
<PAGE> 108
(iii) Cash Collateral. Direct the Borrower to pay (and the
Borrower agrees that upon receipt of such notice, or upon the
occurrence of an Event of Default under Section 9.1(f), it will
immediately pay) to the Agent additional cash, to be held by the
Agent, for the benefit of the Lenders, in a cash collateral account as
additional security for the LOC Obligations in respect of subsequent
drawings under all then outstanding Letters of Credit in an amount
equal to the maximum aggregate amount which may be drawn under all
Letters of Credits then outstanding.
(iv) Enforcement of Rights. Enforce any and all rights and
interests created and existing under the Credit Documents and all
rights of set-off.
Notwithstanding the foregoing, if an Event of Default specified in
Section 9.1(f) shall occur, then the Commitments shall automatically terminate
and all Loans, all reimbursement obligations arising from drawings under
Letters of Credit, all accrued interest in respect thereof, all accrued and
unpaid Fees and other indebtedness or obligations owing to the Lenders
hereunder automatically shall immediately become due and payable without the
giving of any notice or other action by the Agent.
SECTION 10
AGENCY PROVISIONS
10.1 Appointment. Each Lender hereby designates and appoints
NationsBank of Texas, N.A. as administrative agent (in such capacity as Agent
hereunder, the "Agent") of such Lender to act as specified herein and the other
Credit Documents, and each such Lender hereby authorizes the Agent as the agent
for such Lender, to take such action on its behalf under the provisions of this
Credit Agreement and the other Credit Documents and to exercise such powers and
perform such duties as are expressly delegated by the terms hereof and of the
other Credit Documents, together with such other powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary elsewhere
herein and in the other Credit Documents, the Agent shall not have any duties
or responsibilities, except those expressly set forth herein and therein, or
any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read
into this Credit Agreement or any of the other Credit Documents, or shall
otherwise exist against the Agent. The provisions of this Section are solely
for the benefit of the Agent and the Lenders and none of the Credit Parties
shall have any rights as a third party beneficiary of the provisions hereof.
In performing its functions and duties under this Credit Agreement and the
other Credit Documents, the Agent shall not act solely as agent of the Lenders
and does not assume and shall not be deemed to have
- 103 -
E-108
<PAGE> 109
assumed any obligation or relationship of agency or trust with or for any
Credit Party.
10.2 Delegation of Duties. The Agent may execute any of its
respective duties hereunder or under the other Credit Documents by or through
agents or attorneys-in-fact and shall be entitled to advice of counsel
concerning all matters pertaining to such duties. The Agent shall not be
responsible for the negligence or misconduct of any agents or attorneys-in-fact
(other than any Affiliates of the Agent) selected by it with reasonable care.
10.3 Exculpatory Provisions. Neither the Agent nor any of its
officers, directors, employees, agents, attorneys-in-fact or affiliates shall
be (i) liable for any action lawfully taken or omitted to be taken by it or
such Person under or in connection herewith or in connection with any of the
other Credit Documents (except for its or such Person's own negligence or
willful misconduct), or (ii) responsible in any manner to any of the Lenders
for any recitals, statements, representations or warranties made by any of the
Credit Parties contained herein or in any of the other Credit Documents or in
any certificate, report, document, financial statement or other written or oral
statement referred to or provided for in, or received by the Agent under or in
connection herewith or in connection with the other Credit Documents, or
enforceability or sufficiency therefor of any of the other Credit Documents, or
for any failure of any Credit Party to perform its obligations hereunder or
thereunder. The Agent shall not be responsible to any Lender for the
effectiveness, genuineness, validity, enforceability, collectibility or
sufficiency of this Credit Agreement, or any of the other Credit Documents or
for any representations, warranties, recitals or statements made herein or
therein or made by the Borrower or any Credit Party in any written or oral
statement or in any financial or other statements, instruments, reports,
certificates or any other documents in connection herewith or therewith
furnished or made by the Agent to the Lenders or by or on behalf of the Credit
Parties to the Agent or any Lender or be required to ascertain or inquire as to
the performance or observance of any of the terms, conditions, provisions,
covenants or agreements contained herein or therein or as to the use of the
proceeds of the Loans or the use of the Letters of Credit or of the existence
or possible existence of any Default or Event of Default or to inspect the
properties, books or records of the Credit Parties.
10.4 Reliance on Communications. The Agent shall be entitled to
rely, and shall be fully protected in relying, upon any note, writing,
resolution, notice, consent, certificate, affidavit, letter, cablegram,
telegram, telecopy, telex or teletype message, statement, order or other
document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons and upon advice and
statements of legal counsel (including, without
- 104 -
E-109
<PAGE> 110
limitation, counsel to any of the Credit Parties, independent accountants and
other experts selected by the Agent with reasonable care). The Agent may deem
and treat the Lenders as the owner of their respective interests hereunder for
all purposes unless a written notice of assignment, negotiation or transfer
thereof shall have been filed with the Agent in accordance with Section 11.3(b)
hereof. The Agent shall be fully justified in failing or refusing to take any
action under this Credit Agreement or under any of the other Credit Documents
unless it shall first receive such advice or concurrence of the Required
Lenders as it deems appropriate or it shall first be indemnified to its
satisfaction by the Lenders against any and all liability and expense which may
be incurred by it by reason of taking or continuing to take any such action.
The Agent shall in all cases be fully protected in acting, or in refraining
from acting, hereunder or under any of the other Credit Documents in accordance
with a request of the Required Lenders (or to the extent specifically provided
in Section 11.6, all the Lenders) and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders
(including their successors and assigns).
10.5 Notice of Default. The Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default
hereunder unless the Agent has received notice from a Lender or a Credit Party
referring to the Credit Document, describing such Default or Event of Default
and stating that such notice is a "notice of default." In the event that the
Agent receives such a notice, the Agent shall give prompt notice thereof to the
Lenders. The Agent shall take such action with respect to such Default or
Event of Default as shall be reasonably directed by the Required Lenders.
10.6 Non-Reliance on Agent and Other Lenders. Each Lender expressly
acknowledges that neither the Agent nor any of its officers, directors,
employees, agents, attorneys-in-fact or affiliates has made any representations
or warranties to it and that no act by the Agent or any affiliate thereof
hereinafter taken, including any review of the affairs of any Credit Party,
shall be deemed to constitute any representation or warranty by the Agent to
any Lender. Each Lender represents to the Agent that it has, independently and
without reliance upon the Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own appraisal
of and investigation into the business, assets, operations, property, financial
and other conditions, prospects and creditworthiness of the Borrower and the
other Credit Parties and made its own decision to make its Loans hereunder and
enter into this Credit Agreement. Each Lender also represents that it will,
independently and without reliance upon the Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Credit Agreement, and to make such
investigation as it
- 105 -
E-110
<PAGE> 111
deems necessary to inform itself as to the business, assets, operations,
property, financial and other conditions, prospects and creditworthiness of the
Borrower and the other Credit Parties. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Agent
hereunder, the Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business,
operations, assets, property, financial or other conditions, prospects or
creditworthiness of the Borrower and the other Credit Parties which may come
into the possession of the Agent or any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates.
10.7 Indemnification. The Lenders agree to indemnify the Agent in
its capacity as such (to the extent not reimbursed by the Borrower and without
limiting the obligation of the Borrower to do so), ratably according to their
respective Commitments (or if the Commitments have expired or been terminated,
in accordance with the respective principal amounts of outstanding Loans and
Participation Interests of the Lenders), from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind whatsoever which may at any
time (including without limitation at any time following the final payment of
all of the obligations of the Borrower hereunder and under the other Credit
Documents) be imposed on, incurred by or asserted against the Agent in its
capacity as such in any way relating to or arising out of this Credit Agreement
or the other Credit Documents or any documents contemplated by or referred to
herein or therein or the transactions contemplated hereby or thereby or any
action taken or omitted by the Agent under or in connection with any of the
foregoing; provided that no Lender shall be liable for the payment of any
portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting from the
negligence or willful misconduct of the Agent. If any indemnity furnished to
the Agent for any purpose shall, in the opinion of the Agent, be insufficient
or become impaired, the Agent may call for additional indemnity and cease, or
not commence, to do the acts indemnified against until such additional
indemnity is furnished.
10.8 Agent in its Individual Capacity. The Agent and its affiliates
may make loans to, accept deposits from and generally engage in any kind of
business with any Credit Party as though the Agent were not Agent hereunder.
With respect to the Loans made by and all obligations of the Borrower hereunder
and under the other Credit Documents owing to it, the Agent shall have the same
rights and powers under this Credit Agreement as any Lender and may exercise
the same as though they were not Agent, and the terms "Lender" and "Lenders"
shall include the Agent in its individual capacity.
10.9 Successor Agent. With and subject to the consent of the
Borrower (which consent shall not be unreasonably withheld),
- 106 -
E-111
<PAGE> 112
the Agent may, at any time, resign upon 20 days' written notice to the Lenders.
The Agent may be removed with or without cause by the Required Lenders upon 30
days' written notice to the Agent. Upon any such resignation or removal, the
Required Lenders shall have the right to appoint a successor Agent reasonably
acceptable to the Borrower. If no successor Agent shall have been so appointed
by the Required Lenders, and shall have accepted such appointment, within 30
days after the notice of resignation or notice of removal, as appropriate, then
the retiring Agent shall select a successor Agent provided such successor is a
Lender hereunder or a commercial bank organized under the laws of the United
States of America or of any State thereof and has a combined capital and
surplus of at least $400,000,000. Upon the acceptance of any appointment as
Agent hereunder by a successor, such successor Agent shall thereupon succeed to
and become vested with all the rights, powers, privileges and duties of the
retiring Agent, and the retiring Agent shall be discharged from its duties and
obligations as Agent, as appropriate, under this Credit Agreement and the other
Credit Documents and the provisions of this Section 10.9 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Agent
under this Credit Agreement.
SECTION 11
MISCELLANEOUS
11.1 Notices. Except as otherwise expressly provided herein, all
notices and other communications shall have been duly given and shall be
effective (i) when delivered, (ii) when transmitted via telecopy (or other
facsimile device) to the number set out below, (iii) the day following the day
on which the same has been delivered prepaid to a reputable national overnight
air courier service, or (iv) the third Business Day following the day on which
the same is sent by certified or registered mail, postage prepaid, in each case
to the respective parties at the address, in the case of the Borrower,
Guarantors and the Agent, set forth below, and, in the case of the Lenders, set
forth on Schedule 2.1(a), or at such other address as such party may specify by
written notice to the other parties hereto:
if to the Borrower or the Guarantors:
Genicom Corporation
14800 Conference Center Drive
Suite 400, Westfields
Chantilly, Virginia 22021-3806
Attn: James C. Gale
Telephone: (703) 802-9259
Telecopy: (703) 802-8618
if to the Agent:
- 107 -
E-112
<PAGE> 113
NationsBank of Texas, N.A.
901 Main Street
Floor 67
Dallas, Texas 75202
Attn: Brent W. Mellow
Telephone: (214) 508-3556
Telecopy: (214) 508-0980
11.2 Right of Set-Off. In addition to any rights now or hereafter
granted under applicable law or otherwise, and not by way of limitation of any
such rights, upon the occurrence of an Event of Default, each Lender is
authorized at any time and from time to time, without presentment, demand,
protest or other notice of any kind (all of which rights being hereby expressly
waived), to set-off and to appropriate and apply any and all deposits (general
or special) and any other indebtedness at any time held or owing by such Lender
(including, without limitation branches, agencies or Affiliates of such Lender
wherever located) to or for the credit or the account of any Credit Party
against obligations and liabilities of such Credit Party to such Lender
hereunder, under the Notes, the other Credit Documents or otherwise,
irrespective of whether such Lender shall have made any demand hereunder and
although such obligations, liabilities or claims, or any of them, may be
contingent or unmatured, and any such set-off shall be deemed to have been made
immediately upon the occurrence of an Event of Default even though such charge
is made or entered on the books of such Lender subsequent thereto. Each of the
Credit Parties hereby agrees that any Person purchasing a participation in the
Loans and Commitments hereunder pursuant to Section 11.3(d) or Section 3.14 may
exercise all rights of set-off with respect to its participation interest as
fully as if such Person were a Lender hereunder.
11.3 Benefit of Agreement.
(a) Generally. This Credit Agreement shall be binding
upon and inure to the benefit of and be enforceable by the respective
successors and assigns of the parties hereto; provided that none of
the Credit Parties may assign and transfer any of its interests
without prior written consent of the Lenders; provided further that
the rights of each Lender to transfer, assign or grant participations
in its rights and/or obligations hereunder shall be limited as set
forth in this Section 11.3, provided however that nothing herein shall
prevent or prohibit any Lender from (i) pledging its Loans hereunder
to a Federal Reserve Bank in support of borrowings made by such Lender
from such Federal Reserve Bank or (ii) granting assignments or
participation in such Lender's Loans and/or Commitments hereunder to
its parent company and/or any Affiliate or Subsidiary of such Lender.
- 108 -
E-113
<PAGE> 114
(b) Assignments. Each Lender may assign all or a portion
of its rights and obligations hereunder pursuant to an assignment
agreement substantially in the form of Schedule 11.3(b) to one or more
Eligible Assignees, provided that (i) any such assignment (other than
any assignment to an existing Lender) shall be in a minimum aggregate
amount of $5,000,000 (or, if less, the remaining amount of the
Commitment being assigned by such Lender) of the Commitments and in
integral multiples of $1,000,000 above such amount, (ii) each
assignment of such Lender's Revolving Commitment shall also involve an
assignment of a corresponding percentage of such Lender's Foreign
Currency Commitment and (iii) each such assignment shall be of a
constant, not varying, percentage of (A) in the case of an assignment
of all or a portion of such Lender's Revolving Commitment and Foreign
Currency Commitment, all of such Lender's rights and obligations under
this Credit Agreement with respect to the Revolving Commitment and the
Foreign Currency Commitment so assigned, (B) in the case of an
assignment of all or a portion of such Lender's Tranche A Term Loan
Commitment, all of such Lender's rights and obligations under this
Credit Agreement with respect to the Tranche A Term Loan Commitment so
assigned and (C) in the case of an assignment of all or a portion of
such Lender's Tranche B Term Loan Commitment, all of such Lender's
rights and obligations under this Credit Agreement with respect to the
Tranche B Term Loan Commitment so assigned. Any assignment hereunder
shall be effective upon delivery to the Agent of written notice of the
assignment together with a transfer fee of $3,500 payable to the Agent
for its own account from and after the later of (i) the effective date
specified in the applicable assignment agreement and (ii) the date of
recording of such assignment in the Register pursuant to the terms of
subsection (c) below. The assigning Lender will give prompt notice to
the Agent and the Borrower of any such assignment. Upon the
effectiveness of any such assignment (and after notice to, and (to the
extent required pursuant to the terms hereof) with the consent of, the
Borrower as provided herein), the assignee shall become a "Lender" for
all purposes of this Credit Agreement and the other Credit Documents
and, to the extent of such assignment, the assigning Lender shall be
relieved of its obligations hereunder to the extent of the Loans and
Commitment components being assigned. Along such lines the Borrower
agrees that upon notice of any such assignment and surrender of the
appropriate Note or Notes, it will promptly provide to the assigning
Lender and to the assignee separate promissory notes in the amount of
their respective interests substantially in the form of the original
Note (but with notation thereon that it is
- 109 -
E-114
<PAGE> 115
given in substitution for and replacement of the original Note or any
replacement notes thereof). By executing and delivering an assignment
agreement in accordance with this Section 11.3(b), the assigning
Lender thereunder and the assignee thereunder shall be deemed to
confirm to and agree with each other and the other parties hereto as
follows: (i) such assigning Lender warrants that it is the legal and
beneficial owner of the interest being assigned thereby free and clear
of any adverse claim; (ii) except as set forth in clause (i) above,
such assigning Lender makes no representation or warranty and assumes
no responsibility with respect to any statements, warranties or
representations made in or in connection with this Credit Agreement,
any of the other Credit Documents or any other instrument or document
furnished pursuant hereto or thereto, or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of this
Credit Agreement, any of the other Credit Documents or any other
instrument or document furnished pursuant hereto or thereto or the
financial condition of any Credit Party or the performance or
observance by any Credit Party of any of its obligations under this
Credit Agreement, any of the other Credit Documents or any other
instrument or document furnished pursuant hereto or thereto; (iii)
such assignee represents and warrants that it is legally authorized to
enter into such assignment agreement; (iv) such assignee confirms that
it has received a copy of this Credit Agreement, the other Credit
Documents and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into
such assignment agreement; (v) such assignee will independently and
without reliance upon the Agent, such assigning Lender or any other
Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in
taking or not taking action under this Credit Agreement and the other
Credit Documents; (vi) such assignee appoints and authorizes the Agent
to take such action on its behalf and to exercise such powers under
this Credit Agreement or any other Credit Document as are delegated to
the Agent by the terms hereof or thereof, together with such powers as
are reasonably incidental thereto; and (vii) such assignee agrees that
it will perform in accordance with their terms all the obligations
which by the terms of this Credit Agreement and the other Credit
Documents are required to be performed by it as a Lender.
(c) Maintenance of Register. The Agent shall maintain at
one of its offices in Charlotte, North Carolina a copy of each Lender
assignment agreement delivered to it in accordance with the terms of
subsection (b) above and a
- 110 -
E-115
<PAGE> 116
register for the recordation of the identity of the principal amount,
type and Interest Period of each Loan outstanding hereunder, the
names, addresses and the Commitments of the Lenders pursuant to the
terms hereof from time to time (the "Register"). The Agent will make
reasonable efforts to maintain the accuracy of the Register and to
promptly update the Register from time to time, as necessary. The
entries in the Register shall be conclusive in the absence of manifest
error and the Borrower, the Agent and the Lenders may treat each
Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Credit
Agreement. The Register shall be available for inspection by the
Borrower and each Lender, at any reasonable time and from time to time
upon reasonable prior notice.
(d) Participations. Each Lender may sell, transfer,
grant or assign participations in all or any part of such Lender's
interests and obligations hereunder; provided that (i) such selling
Lender shall remain a "Lender" for all purposes under this Credit
Agreement (such selling Lender's obligations under the Credit
Documents remaining unchanged) and the participant shall not
constitute a Lender hereunder, (ii) no such participant shall have, or
be granted, rights to approve any amendment or waiver relating to this
Credit Agreement or the other Credit Documents except to the extent
any such amendment or waiver would (A) reduce the principal of or rate
of interest on or Fees in respect of any Loans in which the
participant is participating, (B) postpone the date fixed for any
payment of principal (including extension of the Termination Date or
the date of any mandatory prepayment), interest or Fees in which the
participant is participating, or (C) release any Guarantor from its
guaranty obligations hereunder (except as expressly provided in the
Credit Documents) and (iii) sub-participations by the participant
(except to an affiliate, parent company or affiliate of a parent
company of the participant) shall be prohibited. In the case of any
such participation, the participant shall not have any rights under
this Credit Agreement or the other Credit Documents (the participant's
rights against the selling Lender in respect of such participation to
be those set forth in the participation agreement with such Lender
creating such participation) and all amounts payable by the Borrower
hereunder shall be determined as if such Lender had not sold such
participation, provided, however, that such participant shall be
entitled to receive additional amounts under Sections 3.6, 3.7, 3.10,
3.11 and 3.12 on the same basis as if it were a Lender.
- 111 -
E-116
<PAGE> 117
11.4 No Waiver; Remedies Cumulative. No failure or delay on the part
of the Agent or any Lender in exercising any right, power or privilege
hereunder or under any other Credit Document and no course of dealing between
any of the Credit Parties shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, power or privilege hereunder or under
any other Credit Document preclude any other or further exercise thereof or the
exercise of any other right, power or privilege hereunder or thereunder. The
rights and remedies provided herein are cumulative and not exclusive of any
rights or remedies which the Agent or any Lender would otherwise have. No
notice to or demand on any Credit Party in any case shall entitle the Borrower
or any other Credit Party to any other or further notice or demand in similar
or other circumstances or constitute a waiver of the rights of the Agent or the
Lenders to any other or further action in any circumstances without notice or
demand.
11.5 Payment of Expenses, etc. The Borrower agrees to: (i) pay all
reasonable out-of-pocket costs and expenses of the Agent in connection with the
negotiation, preparation, execution and delivery and administration of this
Credit Agreement and the other Credit Documents and the documents and
instruments referred to therein (including, without limitation, the reasonable
fees and expenses of Moore & Van Allen, special counsel to the Agent) and any
amendment, waiver or consent relating hereto and thereto including, but not
limited to, any such amendments, waivers or consents resulting from or related
to any work-out, renegotiation or restructure relating to the performance by
the Credit Parties under this Credit Agreement and of the Agent and the Lenders
in connection with enforcement of the Credit Documents and the documents and
instruments referred to therein (including, without limitation, in connection
with any such enforcement, the reasonable fees and disbursements of counsel for
the Agent and each of the Lenders); (ii) pay and hold each of the Lenders
harmless from and against any and all present and future stamp and other
similar taxes with respect to the foregoing matters and save each of the
Lenders harmless from and against any and all liabilities with respect to or
resulting from any delay or omission (other than to the extent attributable to
such Lender) to pay such taxes; and (iii) indemnify each Lender, its officers,
directors, employees, representatives and agents from and hold each of them
harmless against any and all losses, liabilities, claims, damages or expenses
incurred by any of them as a result of, or arising out of, or in any way
related to, or by reason of (A) any investigation, litigation or other
proceeding (whether or not any Lender is a party thereto) related to the
entering into and/or performance of any Credit Document or the use of proceeds
of any Loans (including other extensions of credit) hereunder or the
consummation of any other transactions contemplated in any Credit Document,
including, without limitation, the reasonable fees and disbursements of counsel
incurred in connection with any such investigation, litigation or other
proceeding or (B) the presence or Release of any Materials of Environmental
Concern at, under or from any Property owned, operated or leased by the
- 112 -
E-117
<PAGE> 118
Borrower or any of its Subsidiaries, or the failure by the Borrower or any of
its Subsidiaries to comply with any Environmental Law (but excluding, in the
case of either of clause (A) or (B) above, any such losses, liabilities,
claims, damages or expenses to the extent incurred by reason of negligence or
willful misconduct on the part of the Person to be indemnified).
11.6 Amendments, Waivers and Consents. Neither this Credit Agreement
nor any other Credit Document nor any of the terms hereof or thereof may be
amended, changed, waived, discharged or terminated unless such amendment,
change, waiver, discharge or termination is in writing entered into by, or
approved in writing by, the Required Lenders and the Borrower, provided that
(a) no such amendment, change, waiver, discharge or termination shall, without
the consent of each Lender, (i) extend the scheduled maturities (including the
final maturity and any mandatory prepayments but in no event including any
amendment or waiver to Section 3.3(c)) of any Loan, or any portion thereof, or
reduce the rate or extend the time of payment of interest (other than as a
result of waiving the applicability of any post-default increase in interest
rates) thereon or fees hereunder or reduce the principal amount thereof, or
increase the Commitments of the Lenders over the amount thereof in effect (it
being understood and agreed that a waiver of any Default or Event of Default or
of a mandatory reduction in the total commitments shall not constitute a change
in the terms of any Commitment of any Lender), (ii) except as expressly
permitted in the Credit Documents, release (A) any Collateral or (B) any
Guarantor from its guaranty obligations hereunder, (iii) amend, modify or waive
any provision of this Section or Section 3.6, 3.7, 3.11, 3.12, 3.13, 3.14, 5.1,
5.2, 5.3, 9.1(a), 11.2, 11.3, 11.5 or 11.9, (iv) reduce any percentage
specified in, or otherwise modify, the definition of "Available Foreign
Currency", "Foreign Currency Equivalent", "Determination Date", "Dollar
Amount", "Dollar Equivalent" or "Required Lenders" or (v) consent to the
assignment or transfer by the Borrower (or Guarantor) of any of its rights and
obligations under (or in respect of) this Credit Agreement and (b) no such
amendment, change, waiver, discharge or termination shall, without the consent
of Lenders holding in the aggregate at least 51% of the outstanding Tranche A
Term Loan and at least 51% of the outstanding Tranche B Term Loan, extend the
time for or the amount or the manner of application of proceeds (including
without limitation pursuant to Section 3.3(d)) of any mandatory prepayment
required by Section 3.3(c)(i) or (ii). No provision of Section 2.2 may be
amended without the consent of the Issuing Lender, and no provision of Section
10 may be amended without the consent of the Agent.
11.7 Counterparts. This Credit Agreement may be executed in any
number of counterparts, each of which where so executed and delivered shall be
an original, but all of which shall constitute one and the same instrument. It
shall not be necessary in making proof of this Credit Agreement to produce or
account for more than one such counterpart.
- 113 -
E-118
<PAGE> 119
11.8 Headings. The headings of the sections and subsections hereof
are provided for convenience only and shall not in any way affect the meaning
or construction of any provision of this Credit Agreement.
11.9 Survival. All indemnities set forth herein, including, without
limitation, in Section 2.2(i), 3.10, 3.12(a), 10.7 or 11.5 shall survive the
execution and delivery of this Credit Agreement, the making of the Loans, the
issuance of the Letters of Credit, the repayment of the Loans, LOC Obligations
and other obligations under the Credit Documents and the termination of the
Commitments hereunder, and all representations and warranties made by the
Credit Parties herein shall survive delivery of the Notes and the making of the
Loans and the issuance of the Letters of Credit hereunder.
11.10 Governing Law; Submission to Jurisdiction; Venue.
(a) THIS CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS
AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER
SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE LAWS OF THE COMMONWEALTH OF VIRGINIA. Any legal action or
proceeding with respect to this Credit Agreement or any other Credit
Document may be brought in the courts of the State of North Carolina
in Mecklenburg County, or of the United States for the Western
District of North Carolina, and, by execution and delivery of this
Credit Agreement, each of the Credit Parties hereby irrevocably
accepts for itself and in respect of its property, generally and
unconditionally, the jurisdiction of such courts. Each of the Credit
Parties further irrevocably consents to the service of process out of
any of the aforementioned courts in any such action or proceeding by
the mailing of copies thereof by registered or certified mail, postage
prepaid, to it at the address set out for notices pursuant to Section
11.1, such service to become effective 30 days after such mailing.
Nothing herein shall affect the right of the Agent to serve process in
any other manner permitted by law or to commence legal proceedings or
to otherwise proceed against any Credit Party in any other
jurisdiction.
(b) Each of the Credit Parties hereby irrevocably waives
any objection which it may now or hereafter have to the laying of
venue of any of the aforesaid actions or proceedings arising out of or
in connection with this Credit Agreement or any other Credit Document
brought in the courts referred to in subsection (a) hereof and hereby
further irrevocably waives and agrees not to plead or claim in any
such court that any such
- 114 -
E-119
<PAGE> 120
action or proceeding brought in any such court has been brought in an
inconvenient forum.
(c) EACH OF THE AGENT, THE LENDERS AND THE CREDIT PARTIES
HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS CREDIT
AGREEMENT, ANY OF THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY.
11.11 Severability. If any provision of any of the Credit Documents
is determined to be illegal, invalid or unenforceable, such provision shall be
fully severable and the remaining provisions shall remain in full force and
effect and shall be construed without giving effect to the illegal, invalid or
unenforceable provisions.
11.12 Entirety. This Credit Agreement together with the other Credit
Documents represent the entire agreement of the parties hereto and thereto, and
supersede all prior agreements and understandings, oral or written, if any,
including any commitment letters or correspondence relating to the Credit
Documents or the transactions contemplated herein and therein.
11.13 Binding Effect; Termination. (a) This Credit Agreement shall
become effective at such time on or after the Closing Date when it shall have
been executed by the Borrower, the Guarantors and the Agent, and the Agent
shall have received copies hereof (telefaxed or otherwise) which, when taken
together, bear the signatures of each Lender, and thereafter this Credit
Agreement shall be binding upon and inure to the benefit of the Borrower, the
Guarantors, the Agent and each Lender and their respective successors and
assigns.
(b) The term of this Credit Agreement shall be until no Loans, LOC
Obligations or any other amounts payable hereunder or under any of the other
Credit Documents shall remain outstanding and until all of the Commitments
hereunder shall have expired or been terminated.
11.14 Judgment Currency. (i) Each Credit Party's obligations
hereunder to make payments in Dollars or in any Available Foreign Currency (the
"Obligation Currency") shall not be discharged or satisfied by any tender or
recovery pursuant to any judgment expressed in or converted into any currency
other than the Obligation Currency, except to the extent that such tender or
recovery results in the effective receipt by the Agent or a Lender of the full
amount of the Obligation Currency expressed to be payable to the Agent or such
Lender under this Credit Agreement. If, for the purpose of obtaining or
enforcing judgment against any Credit Party in any court or in any
jurisdiction, it becomes necessary to convert into or from any currency other
than the Obligation Currency (such other currency being hereinafter referred to
as the "Judgment Currency") an
- 115 -
E-120
<PAGE> 121
amount due in the Obligation Currency, the conversion shall be made, at the
Dollar Equivalent or the Foreign Currency Equivalent, as applicable, determined
in each case as of the Business Day immediately preceding the day on which the
judgment is given (such Business Day being hereinafter referred to as the
"Judgment Currency Conversion Date").
(ii) If there is a change in the rate of exchange
prevailing between the Judgment Currency Conversion Date and the date
of actual payment of the amount due, such amount payable by the
applicable Credit Party shall be reduced or increased, as applicable,
such that the amount paid in the Judgment Currency, when converted at
the rate of exchange prevailing on the date of payment, will produce
the amount of the Obligation Currency which could have been purchased
with the amount of Judgment Currency stipulated in the judgment or
judicial award at the rate of exchange prevailing on the Judgment
Currency Conversion Date.
11.15 Confidentiality. The Agent and the Lenders agree to keep
confidential (and to cause their respective affiliates, officers, directors,
employees, agents and representatives to keep confidential) all information,
materials and documents furnished to the Agent or any such Lender by or on
behalf of the Borrower (whether before or after the Closing Date) which relates
to the Borrower or any of its Subsidiaries (the "Information").
Notwithstanding the foregoing, the Agent and each Lender shall be permitted to
disclose Information (i) to its affiliates, officers, directors, employees,
agents and representatives in connection with its participation in any of the
transactions evidenced by this Credit Agreement or any other Credit Documents
or the administration of this Credit Agreement or any other Credit Documents;
(ii) to the extent required by applicable laws and regulations or by any
subpoena or similar legal process, or requested by any Governmental Authority;
(iii) to the extent such Information (A) becomes publicly available other than
as a result of a breach of this Credit Agreement or any agreement entered into
pursuant to clause (iv) below, (B) becomes available to the Agent or such
Lender on a non-confidential basis from a source other than the Borrower or any
of its Subsidiaries or (C) was available to the Agent or such Lender on a
non-confidential basis prior to its disclosure to the Agent or such Lender by
the Borrower; (iv) to any assignee or participant (or prospective assignee or
participant) so long as such assignee or participant (or prospective assignee
or participant) first specifically agrees in a writing furnished to and for the
benefit of the Borrower to be bound by the terms of this Section 11.15; or (v)
to the extent that the Borrower shall have consented in writing to such
disclosure. Nothing set forth in this Section 11.15 shall obligate the Agent
or any Lender to return any materials furnished by the Borrower.
11.16 Source of Funds. Each of the Lenders hereby represents and
warrants to the Borrower that at least one of the
- 116 -
E-121
<PAGE> 122
following statements is an accurate representation as to the source of funds to
be used by such Lender in connection with the financing hereunder:
(a) no part of such funds constitutes assets allocated to any
separate account maintained by such Lender in which any
employee benefit plan (or its related trust) has any interest;
(b) to the extent that any part of such funds constitutes
assets allocated to any separate account maintained by such
Lender, such Lender has disclosed to the Borrower the name of
each employee benefit plan whose assets in such account exceed
10% of the total assets of such account as of the date of such
purchase (and, for purposes of this subsection (b), all
employee benefit plans maintained by the same employer or
employee organization are deemed to be a single plan); or
(c) such funds constitute assets of one or more specific
benefit plans which such Lender has identified in writing to
the Borrower.
As used in this Section 11.16, the terms "employee benefit plan" and "separate
account" shall have the respective meanings assigned to such terms in Section 3
of ERISA.
11.17 Conflict. To the extent that there is a conflict or
inconsistency between any provision hereof, on the one hand, and any provision
of any Credit Document, on the other hand, this Credit Agreement shall control.
[Signature Page to Follow]
IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Credit Agreement to be duly executed and delivered as of
the date first above written.
BORROWER:
- --------
GENICOM CORPORATION
By
----------------------------
Title
-------------------------
GUARANTORS:
- ----------
GENICOM INTERNATIONAL HOLDINGS CORPORATION
- 117 -
E-122
<PAGE> 123
By
----------------------------
Title
-------------------------
GENICOM INTERNATIONAL SALES CORPORATION
By
----------------------------
Title
-------------------------
DELMARVA TECHNOLOGIES CORPORATION
By
----------------------------
Title
-------------------------
RASTEK CORPORATION
By
----------------------------
Title
-------------------------
[Signatures continued]
S-2
E-123
<PAGE> 124
ENTERPRISING SERVICE SOLUTIONS CORPORATION
By
----------------------------
Title
-------------------------
PRINTER SYSTEMS CORPORATION
By
----------------------------
Title
-------------------------
THE PRINTER CONNECTION, INC.
By
----------------------------
Title
-------------------------
PRINTER SYSTEMS INTERNATIONAL, LTD.
By
----------------------------
Title
-------------------------
[Signatures continued]
S-3
E-124
<PAGE> 125
LENDERS:
- -------
NATIONSBANK OF TEXAS, N.A.,
individually in its capacity as a
Lender and in its capacity as Agent
By
-----------------------------
Title
--------------------------
CREDITANSTALT-BANKVEREIN
By
-----------------------------
Title
--------------------------
By
-----------------------------
Title
--------------------------
S-4
E-125
<PAGE> 126
SCHEDULE 1.1A
OGDEN ASSETS
GENICOM CORPORATION
ADC TRANSFER
PPE - NBV AT 12/17/95 COMPLETE - DATACOM
<TABLE>
<CAPTION>
TYPE ASSET ID DESCRIPTION LOC DIV ACQ DATE COST RESERVE NET-BOOK
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 3768287001 YK200 PART PICKER 2M3400 2M 15-Apr-87 6,472.26 5,555.36 916.90
30 3110477001 PLASTIC MOLD MACH 2M3802 2M 21-Oct-83 17,063.86 17,063.86 0.00
30 3786888001 ANOCUT SURFACE GRINDER 2M3400 2M 15-Mar-88 75,214.29 57,664.29 17,550.00
30 3489078001 GENERATOR 2M3400 2M 21-Oct-83 23,469.93 23,469.93 0.00
30 3589385001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 4280393001 AIR COMPRESSER & FILTER 2M3400 2M 15-Jun-93 3,036.56 733.84 2,302.72
30 3589985001 AIR CONDITIONED UNIT. 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 3245579001 RIBBON STUFFER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 6804268001 MOD D-1030-14 PREC 2M3400 2M 21-Oct-83 12,546.77 12,546.77 0.00
30 3399481001 DUST COLLECTOR 2M3400 2M 21-Oct-83 12,520.51 12,520.51 0.00
30 3560585001 METEOR COIL WINDER 419999 2M 15-May-85 13,004.57 13,004.57 0.00
30 3948688001 ELDORADO GUNDRILL MACHINE 2M3400 2M 15-May-88 64,273.05 48,204.79 16,068.26
30 4246093001 PUMP TANK ASM 2M3400 2M 15-Jan-93 19,373.44 5,489.14 13,884.30
30 3918788001 UNIVERSAL INSERTION MACHI 2M3400 2M 15-Apr-88 228,472.00 173,257.93 55,214.07
30 3185278001 RIBBON WELD FIXTUR 2M3400 2M 21-Oct-83 3,013.48 3,013.48 0.00
30 3919188001 PIN INSERTION MACHINE 2M3400 2M 15-Apr-88 52,932.89 40,140.78 12,792.11
30 3496084001 SPEED CONTROL 2M3400 2M 15-Feb-84 6,376.00 6,376.00 0.00
30 3586785001 AUTOSTEP SURFACE GRINDER 2M3400 2M 15-Sep-85 18,218.96 18,218.96 0.00
30 3292780001 PLASTIC MOLDER 2M3802 2M 21-Oct-83 72,771.24 72,771.24 0.00
30 3280279001 METEOR COIL WINDER 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 4273893001 SILO 12 FT X 22 FT 10 INCH 2M3400 2M 15-May-93 26,917.51 6,729.38 20,188.13
30 3825287001 RIBBON WELDING SYSTEM 2M3400 2M 15-Oct-87 17,975.00 14,529.79 3,445.21
30 3173577001 SEQUENCING MACHINE 2M3400 2M 21-Oct-83 31,950.00 31,950.00 0.00
30 4057389001 ANOCUT ELECTROCHE.GRINDER 2M3400 2M 15-Jul-89 91,180.02 57,747.34 33,432.68
30 4280193001 SANDBLASTING CABINET 2M3400 2M 15-Jun-93 819.32 198.01 621.31
30 3306680001 SURFACE GRINDER 2M3400 2M 21-Oct-83 4,792.50 4,792.50 0.00
30 C0005283 HI-SPEED HEAD TESTER 2M3400 2M 15-Feb-87 7,500.15 6,566.99 933.16
30 4074989001 SUNNEN HONING MACHINE 2M3400 2M 15-Sep-89 23,453.02 14,462.69 8,990.33
30 3955888001 HARIG618 AUTOSTEP GRINDER 2M3400 2M 15-Jun-88 18,718.50 13,882.89 4,835.61
30 3245479001 RIBBON STUFFER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3461484001 ADD SURFACE GRINDR 2M3400 2M 15-Jul-84 2,114.58 2,114.58 0.00
30 4331794001 WALKIE PALLET TRUCK 2M3400 2M 15-Jan-94 3,622.12 664.06 2,958.06
30 3386781001 INSERTION MACHINE 2M3400 2M 21-Oct-83 11,182.50 11,182.50 0.00
30 4074789001 SUNNEN HONING MACHINE 2M3400 2M 15-Sep-89 23,453.02 14,462.69 8,990.33
30 3802487001 ROLL PIN INSERTION FIXTUR 2M3400 2M 15-Dec-87 7,115.39 5,633.02 1,482.37
30 3600385001 ELDORADO GUNDRILL 2M3400 2M 15-Dec-85 59,432.50 58,937.22 495.28
30 3495784001 INSERTER DIP 2M3400 2M 15-Feb-84 20,583.50 20,583.50 0.00
30 3313680001 RIBBON STUFFER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
</TABLE>
<TABLE>
<CAPTION>
TYPE ASSET ID DESCRIPTION MO DEPR 50% MO ADJUSTED NBV
DEPR @ 12/17/95
<S> <C> <C> <C> <C> <C>
30 3768287001 YK200 PART PICKER 53.94 26.97 889.93
30 3110477001 PLASTIC MOLD MACH 0.00 0.00 0.00
30 3786888001 ANOCUT SURFACE GRINDER 626.79 313.39 17,236.61
30 3489078001 GENERATOR 0.00 0.00 0.00
30 3589385001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 4280393001 AIR COMPRESSER & FILTER 25.30 12.65 2,290.07
30 3589985001 AIR CONDITIONED UNIT. 65.86 32.93 0.00
30 3245579001 RIBBON STUFFER 0.00 0.00 0.00
30 6804268001 MOD D-1030-14 PREC 0.00 0.00 0.00
30 3399481001 DUST COLLECTOR 0.00 0.00 0.00
30 3560585001 METEOR COIL WINDER 49.26 24.63 0.00
30 3948688001 ELDORADO GUNDRILL MACHINE 535.61 267.80 15,800.46
30 4246093001 PUMP TANK ASM 161.45 80.72 13,803.58
30 3918788001 UNIVERSAL INSERTION MACHI 1,903.93 951.97 54,262.10
30 3185278001 RIBBON WELD FIXTUR 0.00 0.00 0.00
30 3919188001 PIN INSERTION MACHINE 441.11 220.55 12,571.56
30 3496084001 SPEED CONTROL 0.00 0.00 0.00
30 3586785001 AUTOSTEP SURFACE GRINDER 124.22 62.11 0.00
30 3292780001 PLASTIC MOLDER 0.00 0.00 0.00
30 3280279001 METEOR COIL WINDER 0.00 0.00 0.00
30 4273893001 SILO 12 FT X 22 FT 10 INCH 224.31 112.16 20,075.97
30 3825287001 RIBBON WELDING SYSTEM 149.79 74.90 3,370.31
30 3173577001 SEQUENCING MACHINE 0.00 0.00 0.00
30 4057389001 ANOCUT ELECTROCHE.GRINDER 759.83 379.92 33,052.76
30 4280193001 SANDBLASTING CABINET 6.83 3.41 617.90
30 3306680001 SURFACE GRINDER 0.00 0.00 0.00
30 C0005283 HI-SPEED HEAD TESTER 62.21 31.11 902.06
30 4074989001 SUNNEN HONING MACHINE 195.44 97.72 8,892.61
30 3955888001 HARIG618 AUTOSTEP GRINDER 155.99 77.99 4,757.62
30 3245479001 RIBBON STUFFER 0.00 0.00 0.00
30 3461484001 ADD SURFACE GRINDR 0.00 0.00 0.00
30 4331794001 WALKIE PALLET TRUCK 30.18 15.09 2,942.97
30 3386781001 INSERTION MACHINE 0.00 0.00 0.00
30 4074789001 SUNNEN HONING MACHINE 195.44 97.72 8,892.61
30 3802487001 ROLL PIN INSERTION FIXTUR 59.29 29.65 1,452.72
30 3600385001 ELDORADO GUNDRILL 495.27 247.64 0.00
30 3495784001 INSERTER DIP 0.00 0.00 0.00
30 3313680001 RIBBON STUFFER 0.00 0.00 0.00
</TABLE>
1
E-126
<PAGE> 127
Page 2 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 3863887001 WATER PURIFICATION SYSTEM 2M3400 2M 15-Dec-87 29,136.48 23,066.38 6,070.10
30 4159391001 HYDROGARD DRYER HG750 2M3400 2M 15-Jun-91 7,075.00 3,589.52 3,485.48
30 4080689001 COIL WINDING MACHINE 2M3400 2M 15-Oct-89 19,302.00 11,742.05 7,559.95
30 3313480001 ULTRASONIC WELDER 2M3400 2M 21-Oct-83 4,792.50 4,792.50 0.00
30 3560885001 METEOR COIL WINDER 419999 2M 15-May-85 13,004.57 13,004.57 0.00
30 3292295002 VALVE KIT FOR 75HP AIR COMP 2M3400 2M 15-Aug-95 5,495.42 133.36 5,362.06
30 4043289001 COIL.WIND.MACH.& DEREELER 2M3400 2M 15-Apr-89 18,316.50 12,058.36 6,258.14
30 3061976001 RADIAL RIVET MACH 2M3400 2M 21-Oct-83 3,642.30 3,642.30 0.00
30 3436682001 BRANSON WELDER 2M3400 2M 21-Oct-83 4,792.50 4,792.50 0.00
30 3182377001 INSERTION MACHINE 2M3400 2M 21-Oct-83 22,365.00 22,365.00 0.00
30 4025689001 SUNNEN HONING MACHINE 2M3400 2M 15-Mar-89 21,552.76 14,368.51 7,184.25
30 4055189001 HARIG AUTOSTEP GRINDER 2M3400 2M 15-Jul-89 20,181.36 12,781.53 7,399.83
30 3280479001 METEOR COIL WINDER 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 4074189001 SNOW 2-SPINDLE TAPPING MC 2M3400 2M 15-Jul-89 42,689.64 27,036.77 15,652.87
30 4246193001 AIR HANDLER 2M3400 2M 15-Jan-93 17,410.76 4,933.06 12,477.70
30 3375887001 MODIFY MOLDING MACHINE 2M3802 2M 15-Sep-87 19,019.96 15,532.97 3,486.99
30 3375881001 MOLDING MACHINE 2M3400 2M 21-Oct-83 92,446.71 92,446.71 0.00
30 7400674004 REBUILT HARDINGE LATHE 2M3400 2M 15-Sep-86 12,311.25 11,285.31 1,025.94
30 3600485001 10KVA POWER CONDTION UNIT 2M3400 2M 15-Dec-85 16,921.50 16,780.48 141.02
30 3323080001 METEOR COIL WINDER 419999 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 4142390001 DYNAPERT ACCUSERT MACH 2M3400 2M 15-Dec-90 75,690.43 42,561.44 33,128.99
30 3530985001 ADDITION-FORKLIFT 2M3400 2M 15-May-85 372.00 372.00 0.00
30 3034775001 ULTRASONIC WELDER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3844187001 DIP INSERTER 2M3400 2M 15-Dec-87 25,951.06 20,544.59 5,406.47
30 3322880001 METEOR COIL WINDER 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 C0004922 CAROUSEL 2M3400 2M 15-Feb-87 9,000.20 7,880.42 1,119.78
30 3292380001 75HP AIR COMPRESOR 2M3400 2M 21-Oct-83 22,365.00 22,365.00 0.00
30 3292395002 VALVE KIT FOR 75HP AIR COMP 2M3400 2M 15-Aug-95 4,648.48 114.53 4,533.95
30 3315180001 LIQUID COOLER 2M3400 2M 21-Oct-83 9,585.00 9,585.00 0.00
30 3585785001 PROFILOMETER SYSTEM 2M3400 2M 15-Sep-85 6,560.53 6,560.53 0.00
30 4177592001 FISCHER PERMASCOPE 2M3400 2M 15-Apr-92 4,074.00 1,391.95 2,682.05
30 UOOFA84001 MEZZANINE-PORTABLE 2M3400 2M 15-Jan-84 31,138.00 31,138.00 0.00
30 3911488001 SURFACE GRINDER 2M3400 2M 15-Mar-88 17,444.39 13,374.04 4,070.35
30 4060189001 MEGA DUAL HEAD GUNDRILL 2M3400 2M 15-Jul-89 74,425.15 74,425.15 0.00
30 3589685001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 5602956001 CINCINNATI TRAY TO 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
30 3996688001 WIRE ENCLOSURE-DATACOM 2M3400 2M 15-Oct-88 3,460.91 2,451.47 1,009.44
30 3579485001 INDUCTION BRAZER 2M3400 2M 15-Aug-85 7,471.23 7,471.23 0.00
30 3622686001 FINE WIRE WINDING MACHINE 2M3400 2M 15-Jul-86 13,838.49 12,915.92 922.57
30 H0005961 BOYER SHULTZ H-618 CHALLE 2M3400 2M 15-Feb-87 6,000.25 5,253.71 746.54
30 3521484001 PIN INSERT MACHINE 2M3400 2M 15-Sep-84 72,986.75 72,986.75 0.00
30 6814168001 MOD WA 2 TON MULTI 2M3400 2M 21-Oct-83 5,751.00 5,751.00 0.00
30 3339780001 BRANSON WELDER 2M3400 2M 21-Oct-83 3,834.00 3,834.00 0.00
30 3490684001 ADD-METEOR WIRE WI 2M3400 2M 15-Jan-84 1,745.38 1,745.38 0.00
30 3622486001 FINE WIRE WINDING MACHINE 2M3400 2M 15-Jul-86 13,838.49 12,915.92 922.57
30 4125590001 CARTRIDGE LOADING SYS 2M3400 2M 15-Jun-90 25,161.74 13,629.27 11,532.47
30 3560785001 METEOR COIL WINDER 419999 2M 15-May-85 13,004.57 13,004.57 0.00
30 3504784001 RADIAL RIVETER 2M3400 2M 15-Mar-84 19,448.59 19,448.59 0.00
30 3167977001 RADIAL RIVETER 2M3400 2M 21-Oct-83 3,642.30 3,642.30 0.00
30 3399981001 5 TON BRIDGE CRANE 2M3400 2M 21-Oct-83 14,052.25 14,052.25 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
30 3863887001 WATER PURIFICATION SYSTEM 242.80 121.40 5,948.70
30 4159391001 HYDROGARD DRYER HG750 52.02 26.01 3,459.47
30 4080689001 COIL WINDING MACHINE 160.85 80.43 7,479.53
30 3313480001 ULTRASONIC WELDER 0.00 0.00 0.00
30 3560885001 METEOR COIL WINDER 49.26 24.63 0.00
30 3292295002 VALVE KIT FOR 75HP AIR COMP 12.12 6.06 5,356.00
30 4043289001 COIL.WIND.MACH.& DEREELER 152.64 76.32 6,181.82
30 3061976001 RADIAL RIVET MACH 0.00 0.00 0.00
30 3436682001 BRANSON WELDER 0.00 0.00 0.00
30 3182377001 INSERTION MACHINE 0.00 0.00 0.00
30 4025689001 SUNNEN HONING MACHINE 179.61 89.80 7,094.45
30 4055189001 HARIG AUTOSTEP GRINDER 168.18 84.09 7,315.74
30 3280479001 METEOR COIL WINDER 0.00 0.00 0.00
30 4074189001 SNOW 2-SPINDLE TAPPING MC 355.75 177.87 15,475.00
30 4246193001 AIR HANDLER 145.09 72.55 12,405.16
30 3375887001 MODIFY MOLDING MACHINE 158.50 79.25 3,407.74
30 3375881001 MOLDING MACHINE 0.00 0.00 0.00
30 7400674004 REBUILT HARDINGE LATHE 102.59 51.30 974.64
30 3600485001 10KVA POWER CONDTION UNIT 141.01 70.51 0.00
30 3323080001 METEOR COIL WINDER 0.00 0.00 0.00
30 4142390001 DYNAPERT ACCUSERT MACH 543.10 271.55 32,857.44
30 3530985001 ADDITION-FORKLIFT 1.41 0.70 0.00
30 3034775001 ULTRASONIC WELDER 0.00 0.00 0.00
30 3844187001 DIP INSERTER 216.26 108.13 5,298.34
30 3322880001 METEOR COIL WINDER 0.00 0.00 0.00
30 C0004922 CAROUSEL 74.65 37.33 1,082.45
30 3292380001 75HP AIR COMPRESOR 0.00 0.00 0.00
30 3292395002 VALVE KIT FOR 75HP AIR COMP 10.41 5.21 4,528.74
30 3315180001 LIQUID COOLER 0.00 0.00 0.00
30 3585785001 PROFILOMETER SYSTEM 44.73 22.37 0.00
30 4177592001 FISCHER PERMASCOPE 33.95 16.98 2,665.08
30 UOOFA84001 MEZZANINE-PORTABLE 0.00 0.00 0.00
30 3911488001 SURFACE GRINDER 145.37 72.69 3,997.67
30 4060189001 MEGA DUAL HEAD GUNDRILL 0.00 0.00 0.00
30 3589685001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 5602956001 CINCINNATI TRAY TO 0.00 0.00 0.00
30 3996688001 WIRE ENCLOSURE-DATACOM 28.84 14.42 995.02
30 3579485001 INDUCTION BRAZER 45.28 22.64 0.00
30 3622686001 FINE WIRE WINDING MACHINE 115.32 57.66 864.91
30 H0005961 BOYER SHULTZ H-618 CHALLE 49.77 24.89 721.66
30 3521484001 PIN INSERT MACHINE 0.00 0.00 0.00
30 6814168001 MOD WA 2 TON MULTI 0.00 0.00 0.00
30 3339780001 BRANSON WELDER 0.00 0.00 0.00
30 3490684001 ADD-METEOR WIRE WI 0.00 0.00 0.00
30 3622486001 FINE WIRE WINDING MACHINE 115.32 57.66 864.91
30 4125590001 CARTRIDGE LOADING SYS 209.68 104.84 11,427.63
30 3560785001 METEOR COIL WINDER 49.26 24.63 0.00
30 3504784001 RADIAL RIVETER 0.00 0.00 0.00
30 3167977001 RADIAL RIVETER 0.00 0.00 0.00
30 3399981001 5 TON BRIDGE CRANE 0.00 0.00 0.00
</TABLE>
2
E-127
<PAGE> 128
Page 3 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 3322980001 METEOR COIL WINDER 419999 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 4074589001 SUNNEN HONING MACHINE 2M3400 2M 15-Sep-89 23,453.05 14,462.71 8,990.34
30 4142490001 HOLLIS FLOW SOLDER MACH 2M3400 2M 15-Dec-90 12,000.00 6,916.67 5,083.33
30 3768187001 YK200 PART PICKER 2M3400 2M 15-Apr-87 6,472.26 5,555.36 916.90
30 4000188001 SPITFIRE 36 PNL LAPPER 2M3400 2M 15-Nov-88 34,828.91 24,380.23 10,448.68
30 3628186001 WORKLOADING STATION 2M3400 2M 15-Aug-86 6,870.00 6,354.75 515.25
30 3280179001 METEOR COIL WINDER 419999 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 3590285001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 7404074001 TRANSISTOR SEQUENC 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3627986001 TRANSFER MOLDING PRESS 2M3400 2M 15-Aug-86 29,460.30 27,250.77 2,209.53
30 3510684001 HARIG SURF GRINDER 2M3400 2M 15-May-84 19,800.01 19,800.01 0.00
30 4055089001 HARIG AUTOSTEP GRINDER 2M3400 2M 15-Jul-89 20,181.37 12,781.54 7,399.83
30 7403874001 PEECO MODEL 10 VIB 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
30 3509584001 COIL WINDER 419999 2M 15-Jun-84 14,095.15 14,095.15 0.00
30 3322780001 METEOR COIL WINDER 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 4191492001 WELDER - RIBBON 2M3802 2M 15-Sep-92 39,799.99 12,267.02 27,532.97
30 3015475001 COIL BROACH MACH 2M3400 2M 21-Oct-83 958.50 958.50 0.00
30 3958588001 INDUCTION BRAZE MACHINE 2M3400 2M 15-Jun-88 8,602.00 6,379.81 2,222.19
30 3589785001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 4159491001 AIR FILTER SYSTEM 2M3400 2M 15-Jun-91 4,549.64 2,301.37 2,248.27
30 3962188001 ELDORADO GUNDRILL MACHINE 2M3400 2M 15-Jul-88 69,844.20 51,207.69 18,636.51
30 4301593001 THERMCRAFT RECIRCULATING OVEN 2M3400 2M 15-Jul-93 8,140.00 1,899.33 6,240.67
30 3480783001 12TON MOLDING MACH 2M3400 2M 21-Oct-83 16,607.55 16,607.55 0.00
30 4337994001 MEGA DUAL HEAD GUNDRILL 2M3400 2M 15-Mar-94 74,425.15 24,808.39 49,616.76
30 3747287001 INJECTION MOLDING MACHINE 2M3802 2M 15-Apr-87 90,972.50 78,084.73 12,887.77
30 3747387001 INJECTION MOLDING MACHINE 2M3802 2M 15-Apr-87 90,822.50 77,955.98 12,866.52
30 3433681001 CLARK FORKLIFT 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 3639886001 CHAMFER GRINDER 2M3400 2M 15-Aug-86 25,058.95 23,179.53 1,879.42
30 7403274002 YALE FORK LIFT-GAS 2M3400 2M 21-Oct-83 4,517.09 4,517.09 0.00
30 4055489001 SUNNEN HONING MACHINE 2M3400 2M 15-May-89 25,958.54 16,873.04 9,085.50
30 4432995001 50 HP AIR COMPRESSOR 2M3400 2M 15-Aug-95 5,100.25 127.50 4,972.75
30 3312380001 STAND OFF SETTER 2M3400 2M 21-Oct-83 2,556.00 2,556.00 0.00
30 3579385001 INDUCTION BRAZER 2M3400 2M 15-Aug-85 7,475.12 7,475.12 0.00
30 3932889001 SUNNEN MBC1803 HONING MAC 2M3400 2M 15-Feb-89 23,607.22 15,934.87 7,672.35
30 C0004866 DISCHARGE MACH W EDM FIXT 2M3400 2M 15-Feb-87 50,000.20 43,779.28 6,220.92
30 3589485001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 4191592001 WELDER - RIBBON 2M3802 2M 15-Sep-92 39,799.96 12,267.01 27,532.95
30 C0002730 HYDRAULIC ASSEMBLY PRESS 2M3400 2M 15-Feb-87 17,000.20 14,885.07 2,115.13
30 3046376001 DIE STAK SYSTEM 2M3400 2M 21-Oct-83 6,852.00 6,852.00 0.00
30 3185078001 RIBBON WELD FIXTUR 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3687587001 G3000 CARTRIDGE STUFFER 2M3400 2M 15-Feb-87 6,450.00 5,643.75 806.25
30 3589885001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 3560685001 METEOR COIL WINDER 419999 2M 15-May-85 13,004.57 13,004.57 0.00
30 5404354001 MODEL 16-3 DO ALL 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
30 3590185001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 3600386001 ADD-ELDORADO GUNDRILL 2M3400 2M 15-Jan-86 74.50 73.25 1.25
30 3687487001 G3000 CARTRIDGE STUFFER 2M3400 2M 15-Feb-87 6,400.00 5,600.00 800.00
30 3461482001 SURFACE GRINDER 2M3400 2M 21-Oct-83 9,585.00 9,585.00 0.00
30 4246593001 CHILLER 30GB 125 C6 2M3400 2M 15-Jan-93 46,805.16 13,261.46 33,543.70
30 3287680001 FLOW SOLDER MACHIN 2M3400 2M 21-Oct-83 12,780.00 12,780.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
30 3322980001 METEOR COIL WINDER 0.00 0.00 0.00
30 4074589001 SUNNEN HONING MACHINE 195.44 97.72 8,892.62
30 4142490001 HOLLIS FLOW SOLDER MACH 83.33 41.67 5,041.66
30 3768187001 YK200 PART PICKER 53.94 26.97 889.93
30 4000188001 SPITFIRE 36 PNL LAPPER 290.24 145.12 10,303.56
30 3628186001 WORKLOADING STATION 57.25 28.63 486.63
30 3280179001 METEOR COIL WINDER 0.00 0.00 0.00
30 3590285001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 7404074001 TRANSISTOR SEQUENC 0.00 0.00 0.00
30 3627986001 TRANSFER MOLDING PRESS 245.50 122.75 2,086.78
30 3510684001 HARIG SURF GRINDER 0.00 0.00 0.00
30 4055089001 HARIG AUTOSTEP GRINDER 168.18 84.09 7,315.74
30 7403874001 PEECO MODEL 10 VIB 0.00 0.00 0.00
30 3509584001 COIL WINDER 0.00 0.00 0.00
30 3322780001 METEOR COIL WINDER 0.00 0.00 0.00
30 4191492001 WELDER - RIBBON 335.77 167.88 27,365.09
30 3015475001 COIL BROACH MACH 0.00 0.00 0.00
30 3958588001 INDUCTION BRAZE MACHINE 71.68 35.84 2,186.35
30 3589785001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 4159491001 AIR FILTER SYSTEM 33.56 16.78 2,231.49
30 3962188001 ELDORADO GUNDRILL MACHINE 582.39 291.20 18,345.32
30 4301593001 THERMCRAFT RECIRCULATING OVEN 67.83 33.92 6,206.75
30 3480783001 12TON MOLDING MACH 0.00 0.00 0.00
30 4337994001 MEGA DUAL HEAD GUNDRILL 1,240.42 620.21 48,996.55
30 3747287001 INJECTION MOLDING MACHINE 758.10 379.05 12,508.72
30 3747387001 INJECTION MOLDING MACHINE 756.85 378.43 12,488.09
30 3433681001 CLARK FORKLIFT 0.00 0.00 0.00
30 3639886001 CHAMFER GRINDER 208.82 104.41 1,775.01
30 7403274002 YALE FORK LIFT-GAS 0.00 0.00 0.00
30 4055489001 SUNNEN HONING MACHINE 216.32 108.16 8,977.34
30 4432995001 50 HP AIR COMPRESSOR 11.59 5.80 4,966.95
30 3312380001 STAND OFF SETTER 0.00 0.00 0.00
30 3579385001 INDUCTION BRAZER 45.30 22.65 0.00
30 3932889001 SUNNEN MBC1803 HONING MAC 196.73 98.36 7,573.99
30 C0004866 DISCHARGE MACH W EDM FIXT 414.73 207.36 6,013.56
30 3589485001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 4191592001 WELDER - RIBBON 335.77 167.88 27,365.07
30 C0002730 HYDRAULIC ASSEMBLY PRESS 141.01 70.50 2,044.63
30 3046376001 DIE STAK SYSTEM 0.00 0.00 0.00
30 3185078001 RIBBON WELD FIXTUR 0.00 0.00 0.00
30 3687587001 G3000 CARTRIDGE STUFFER 53.75 26.88 779.38
30 3589885001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 3560685001 METEOR COIL WINDER 49.26 24.63 0.00
30 5404354001 MODEL 16-3 DO ALL 0.00 0.00 0.00
30 3590185001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 3600386001 ADD-ELDORADO GUNDRILL 0.62 0.31 0.00
30 3687487001 G3000 CARTRIDGE STUFFER 53.33 26.67 773.33
30 3461482001 SURFACE GRINDER 0.00 0.00 0.00
30 4246593001 CHILLER 30GB 125 C6 390.04 195.02 33,348.68
30 3287680001 FLOW SOLDER MACHIN 0.00 0.00 0.00
</TABLE>
3
E-128
<PAGE> 129
Page 4 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 3477983001 RIBBON LOADER 2M3400 2M 21-Oct-83 4,153.50 4,153.50 0.00
30 3787387001 DIGITAL SCOPE 2M3400 2M 15-Jun-87 8,971.20 7,550.76 1,420.44
30 4328093001 DUST COLLECTOR 2M3400 2M 15-Dec-93 3,047.00 584.01 2,462.99
30 3434181001 BRACKER RIVETER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 4246893001 EXHAUST SYSTEM 2M3400 2M 15-Jan-93 553.81 133.84 419.97
30 3654786001 SURFACE GRINDER 2M3400 2M 15-Oct-86 16,632.08 15,107.47 1,524.61
30 4076089001 HARIG 618 SURFACE GRINDER 2M3400 2M 15-Sep-89 19,884.90 12,262.36 7,622.54
30 3301087001 MODIFICATIONS--3301080001 2M3400 2M 15-Dec-87 8,094.04 6,407.77 1,686.27
30 3299280001 WATER CHILLER 2M3400 2M 21-Oct-83 3,212.25 3,212.25 0.00
30 4246293001 AIR HANDLER 2M3400 2M 15-Jan-93 17,410.76 4,933.06 12,477.70
30 3461882001 24FT AIRLIFT 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3658386001 BRAZE GENERATOR 2M3400 2M 15-Nov-86 11,072.94 9,965.64 1,107.30
30 3797387001 FORKLIFT TRUCK 2M3400 2M 15-Jul-87 16,313.63 13,594.69 2,718.94
30 C0005945 ELOX WIRE CUTTER MACHINE 2M3400 2M 15-Feb-87 52,000.10 45,530.36 6,469.74
30 3921788001 SHEFFIELD PROFILOMETER SY 2M3400 2M 15-Apr-88 8,766.75 6,648.12 2,118.63
30 3305980001 RADIAL RIVETER 2M3400 2M 21-Oct-83 3,961.80 3,961.80 0.00
30 3530984001 CLARK FORKLIFT 2M3400 2M 15-Oct-84 22,348.00 22,348.00 0.00
30 4317193001 AUTOSTEP III HARIG 618 2M3400 2M 15-Sep-93 23,225.00 5,032.08 18,192.92
30 3372581001 100 TON DIE PRESS 2M3400 2M 21-Oct-83 54,000.00 54,000.00 0.00
30 3687687001 G3000 CARTRIDGE STUFFER 2M3400 2M 15-Feb-87 6,450.00 5,643.75 806.25
30 4280093001 BENCH OVEN 2M3400 2M 15-Jun-93 805.53 194.67 610.86
30 3937188001 BARON SPRAY DEGREASER 2M3400 2M 15-Apr-88 6,620.00 5,020.17 1,599.83
30 3490683001 METEOR WIRE WINDER 2M3400 2M 15-Nov-83 12,365.70 12,365.70 0.00
30 3958288001 INDUCTION BRAZE MACHINE 2M3400 2M 15-Jun-88 8,588.60 6,369.88 2,218.72
30 3359980001 RADIAL RIVETER 2M3400 2M 21-Oct-83 2,875.50 2,875.50 0.00
30 4074889001 SUNNEN HONING MACHINE 2M3400 2M 15-Sep-89 23,453.02 14,462.69 8,990.33
30 4125490001 RIBBON WELDER 2M3400 2M 15-Jun-90 24,080.44 13,043.56 11,036.88
30 4424095001 INDUSTRIAL ARM STICHER 2M3400 2M 15-Jul-95 2,611.05 86.74 2,524.31
30 4246793001 BRIDGE CRANE 2M3400 2M 15-Jan-93 25,921.50 7,344.42 18,577.08
30 3669486001 WASTE MONITORING WELL 2M3400 2M 15-Dec-86 3,117.69 2,779.94 337.75
30 4063789001 SHEFFIELD PROFILOMETER 2M3400 2M 15-Aug-89 10,705.00 6,690.63 4,014.37
30 3450382001 GENRAD ENCLOSURE 2M3400 2M 21-Oct-83 5,112.00 5,112.00 0.00
30 4302993001 HARIG GRIND-ALL FIXTURE #1 2M3400 2M 15-Aug-93 1,440.00 324.00 1,116.00
30 3589585001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 3440782001 RIBBON STUFFER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3757387001 DIE CART 2M3400 2M 15-Apr-87 580.00 497.83 82.17
30 3302180001 WIRE STRIPPER 2M3400 2M 21-Oct-83 4,792.50 4,792.50 0.00
30 4080789001 MATERIAL HANDLING CARTS 2M3400 2M 15-Oct-89 6,134.95 3,732.09 2,402.86
30 3375681001 TC1W05204X CHILLER 2M3400 2M 21-Oct-83 3,212.25 3,212.25 0.00
30 4119290001 HEAVY MACH & EQUIP 2M3400 2M 15-May-90 7,105.00 3,907.75 3,197.25
30 4055289001 SUNNEN HONING MACHINE 2M3400 2M 15-May-89 25,958.54 16,873.04 9,085.50
30 4191392001 WELDER - RIBBON 2M3802 2M 15-Sep-92 39,799.98 12,267.01 27,532.97
30 3306080001 RADIAL RIVETER 2M3400 2M 21-Oct-83 3,961.80 3,961.80 0.00
30 3440682001 RIBBON STUFFER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
30 3292280001 75HP AIR COMPRESOR 2M3400 2M 21-Oct-83 22,365.00 22,365.00 0.00
30 4177092001 AUTO FEED EYLET INSERT MACH 2M3302 2M 15-Mar-92 3,756.69 1,343.03 2,413.66
30 3832087001 HONING MACHINE 2M3400 2M 15-Oct-87 5,265.65 4,256.40 1,009.25
30 3831887002 HONING MACHINE 2M3400 2M 15-Oct-87 5,265.65 4,256.40 1,009.25
30 3137477001 ELEC DISCHARGEMACH 2M3400 2M 21-Oct-83 10,564.48 10,564.48 0.00
30 3156577001 BRACKER RADIAL RIV 2M3400 2M 21-Oct-83 3,642.30 3,642.30 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
30 3477983001 RIBBON LOADER 0.00 0.00 0.00
30 3787387001 DIGITAL SCOPE 74.76 37.38 1,383.06
30 4328093001 DUST COLLECTOR 25.39 12.70 2,450.29
30 3434181001 BRACKER RIVETER 0.00 0.00 0.00
30 4246893001 EXHAUST SYSTEM 4.62 2.31 417.66
30 3654786001 SURFACE GRINDER 138.60 69.30 1,455.31
30 4076089001 HARIG 618 SURFACE GRINDER 165.71 82.85 7,539.69
30 3301087001 MODIFICATIONS--3301080001 67.45 33.73 1,652.55
30 3299280001 WATER CHILLER 0.00 0.00 0.00
30 4246293001 AIR HANDLER 145.09 72.55 12,405.16
30 3461882001 24FT AIRLIFT 0.00 0.00 0.00
30 3658386001 BRAZE GENERATOR 92.27 46.14 1,061.16
30 3797387001 FORKLIFT TRUCK 135.95 67.97 2,650.97
30 C0005945 ELOX WIRE CUTTER MACHINE 431.32 215.66 6,254.08
30 3921788001 SHEFFIELD PROFILOMETER SY 73.06 36.53 2,082.10
30 3305980001 RADIAL RIVETER 0.00 0.00 0.00
30 3530984001 CLARK FORKLIFT 0.00 0.00 0.00
30 4317193001 AUTOSTEP III HARIG 618 193.54 96.77 18,096.15
30 3372581001 100 TON DIE PRESS 0.00 0.00 0.00
30 3687687001 G3000 CARTRIDGE STUFFER 53.75 26.88 779.38
30 4280093001 BENCH OVEN 6.71 3.36 607.50
30 3937188001 BARON SPRAY DEGREASER 55.17 27.58 1,572.25
30 3490683001 METEOR WIRE WINDER 0.00 0.00 0.00
30 3958288001 INDUCTION BRAZE MACHINE 71.57 35.79 2,182.93
30 3359980001 RADIAL RIVETER 0.00 0.00 0.00
30 4074889001 SUNNEN HONING MACHINE 195.44 97.72 8,892.61
30 4125490001 RIBBON WELDER 200.67 100.34 10,936.55
30 4424095001 INDUSTRIAL ARM STICHER 7.89 3.94 2,520.37
30 4246793001 BRIDGE CRANE 216.01 108.01 18,469.07
30 3669486001 WASTE MONITORING WELL 25.98 12.99 324.76
30 4063789001 SHEFFIELD PROFILOMETER 89.21 44.60 3,969.77
30 3450382001 GENRAD ENCLOSURE 0.00 0.00 0.00
30 4302993001 HARIG GRIND-ALL FIXTURE #1 12.00 6.00 1,110.00
30 3589585001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 3440782001 RIBBON STUFFER 0.00 0.00 0.00
30 3757387001 DIE CART 4.83 2.42 79.75
30 3302180001 WIRE STRIPPER 0.00 0.00 0.00
30 4080789001 MATERIAL HANDLING CARTS 51.12 25.56 2,377.30
30 3375681001 TC1W05204X CHILLER 0.00 0.00 0.00
30 4119290001 HEAVY MACH & EQUIP 59.21 29.60 3,167.65
30 4055289001 SUNNEN HONING MACHINE 216.32 108.16 8,977.34
30 4191392001 WELDER - RIBBON 335.77 167.88 27,365.09
30 3306080001 RADIAL RIVETER 0.00 0.00 0.00
30 3440682001 RIBBON STUFFER 0.00 0.00 0.00
30 3292280001 75HP AIR COMPRESOR 0.00 0.00 0.00
30 4177092001 AUTO FEED EYLET INSERT MACH 31.76 15.88 2,397.78
30 3832087001 HONING MACHINE 43.88 21.94 987.31
30 3831887002 HONING MACHINE 43.88 21.94 987.31
30 3137477001 ELEC DISCHARGEMACH 0.00 0.00 0.00
30 3156577001 BRACKER RADIAL RIV 0.00 0.00 0.00
</TABLE>
4
E-129
<PAGE> 130
Page 5 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 3323580001 25 FT CONVEYOR 2M3400 2M 21-Oct-83 8,626.50 8,626.50 0.00
30 3590085001 AIR CONDITIONED UNIT 2M3400 2M 15-Oct-85 8,693.10 8,693.10 0.00
30 3891288001 ELECT.LINE POWER CONDITIO 2M3400 2M 15-Feb-88 9,495.00 7,358.62 2,136.38
30 3622586001 FINE WIRE WINDING MACHINE 2M3400 2M 15-Jul-86 13,838.49 12,915.92 922.57
30 3669086001 BARON BLAKESLEE DEGREASER 2M3400 2M 15-Dec-86 12,643.36 11,273.66 1,369.70
30 3998588001 VAPOR SPRAY REF.DEGREASER 2M3400 2M 15-Oct-88 8,700.00 6,162.50 2,537.50
30 4246693001 CHILLER 30GB 125 C6 2M3400 2M 15-Jan-93 46,805.16 13,261.46 33,543.70
30 3195178001 RUN IN FIXT CARTRI 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
30 4003588001 FIRE ALARM SYSTEM-KIMCO 2M3400 2M 15-Nov-88 23,095.00 16,166.50 6,928.50
30 3747087001 INJECTION MOLDING MACHINE 2M3802 2M 15-Apr-87 60,253.60 51,758.15 8,495.45
30 4413095001 EL752AC ELECTRIC LIFT 2M3400 2M 15-Apr-95 2,742.82 160.00 2,582.82
30 3783987001 PROFILOMETER 2M3400 2M 15-Jun-87 6,743.32 5,675.62 1,067.70
30 4246493001 AIR HANDLER 2M3400 2M 15-Jan-93 17,410.75 4,933.05 12,477.70
30 3489084001 GENERATOR-ADD 2M3400 2M 15-Jan-84 3,266.32 3,266.32 0.00
30 3280379001 METEOR COIL WINDER 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
30 3747187001 INJECTION MOLDING MACHINE 2M3802 2M 15-Apr-87 60,253.61 51,758.16 8,495.45
30 4055589001 SUNNEN HONING MACHINE 2M3400 2M 15-May-89 25,958.54 16,873.04 9,085.50
30 3423981001 DIP INSERTION MACH 2M3400 2M 21-Oct-83 11,182.50 11,182.50 0.00
30 4360694001 PHOENIX ASSEM CONVEYOR 2M3400 2M 15-Aug-94 5,246.78 655.84 4,590.94
30 3746887001 IONOGRAPH-CONTAMIN-TESTER 2M3400 2M 15-Apr-87 10,800.00 9,270.00 1,530.00
30 3999088001 HARIG AUTOSTEP GRINDER 2M3400 2M 15-Oct-88 17,810.00 12,615.42 5,194.58
30 7303573001 AUTO TRANSISTOR SE 2M3400 2M 21-Oct-83 22,365.00 22,365.00 0.00
30 4246393001 AIR HANDLER 2M3400 2M 15-Jan-93 17,410.75 4,933.05 12,477.70
30 3661786001 ELDORADO GUNDRILL 2M3400 2M 15-Nov-86 57,498.83 51,748.95 5,749.88
30 7282846001 2LMS SPINDLE DRILL 2M3400 2M 21-Oct-83 3,613.55 3,613.55 0.00
30 C0005789 AUTOMATIC HEAD TESTER 2M3400 2M 15-Feb-87 10,000.20 8,756.00 1,244.20
30 3746987001 INJECTION MOLDING MACHINE 2M3802 2M 15-Apr-87 60,403.60 51,886.90 8,516.70
30 3387781001 MATL GRANULATOR 2M3802 2M 21-Oct-83 4,754.15 4,754.15 0.00
30 4055389001 SUNNEN HONING MACHINE 2M3400 2M 15-May-89 25,958.54 16,873.04 9,085.50
30 4332094001 WSIS 1244 WIRE STITCHER 2M3400 2M 15-Jan-94 2,100.00 385.00 1,715.00
30 4074689001 SUNNEN HONING MACHINE 2M3400 2M 15-Sep-89 23,453.02 14,462.69 8,990.33
30 3507484001 INSERTING MACHINE 2M3400 2M 15-Mar-84 99,031.99 99,031.99 0.00
30 4280293001 CHEMICAL STORAGE CABINET 2M3400 2M 15-Jun-93 768.67 185.76 582.91
30 6400364004 MONARCH 10EE ENGIN 2M3400 2M 21-Oct-83 5,018.71 5,018.71 0.00
30 4043389001 COIL.WIND.MACH.& DEREELER 2M3400 2M 15-Apr-89 18,316.50 12,058.36 6,258.14
30 M00000638 BROWN & SHARPE 618 MICROM 2M3400 2M 15-Feb-87 17,000.30 14,885.16 2,115.14
TYPE 30 SUBTOTAL 4,155,376.90 3,231,169.49 924,207.41
32 3152977001 HIPOT TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3434581001 STROKE COUNTER 2M3400 2M 21-Oct-83 1,088.11 1,088.11 0.00
32 3484183001 LEVER TYPE GAGING 2M3400 2M 21-Oct-83 1,161.98 1,161.98 0.00
32 4278393001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3980688001 CROWN PTH PALLET JACK 2M3400 2M 15-Sep-88 481.50 481.50 0.00
32 3484283001 HEIGHT TRANSFER 2M3400 2M 21-Oct-83 1,096.98 1,096.98 0.00
32 4050789001 SWIFT MICROSCOPE M818802B 2M3400 2M 15-Jun-89 713.30 713.30 0.00
32 3270079001 FORCE GAGE 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 3533784001 DIP LEAD FORMER 2M3400 2M 15-Nov-84 1,355.30 1,355.30 0.00
32 4049789001 SWIFT MICROSCOPEM8808802B 2M3400 2M 15-Jun-89 717.39 717.39 0.00
32 4007980001 4000 ACTUATOR SEAL TIME 2M3400 2M 15-Dec-88 15,436.00 15,436.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
30 3323580001 25 FT CONVEYOR 0.00 0.00 0.00
30 3590085001 AIR CONDITIONED UNIT 65.86 32.93 0.00
30 3891288001 ELECT.LINE POWER CONDITIO 79.12 39.56 2,096.82
30 3622586001 FINE WIRE WINDING MACHINE 115.32 57.66 864.91
30 3669086001 BARON BLAKESLEE DEGREASER 105.36 52.68 1,317.02
30 3998588001 VAPOR SPRAY REF.DEGREASER 72.50 36.25 2,501.25
30 4246693001 CHILLER 30GB 125 C6 390.04 195.02 33,348.68
30 3195178001 RUN IN FIXT CARTRI 0.00 0.00 0.00
30 4003588001 FIRE ALARM SYSTEM-KIMCO 192.46 96.23 6,832.27
30 3747087001 INJECTION MOLDING MACHINE 499.73 249.87 8,245.58
30 4413095001 EL752AC ELECTRIC LIFT 14.55 7.27 2,575.55
30 3783987001 PROFILOMETER 56.19 28.10 1,039.60
30 4246493001 AIR HANDLER 145.09 72.55 12,405.16
30 3489084001 GENERATOR-ADD 0.00 0.00 0.00
30 3280379001 METEOR COIL WINDER 0.00 0.00 0.00
30 3747187001 INJECTION MOLDING MACHINE 499.73 249.87 8,245.58
30 4055589001 SUNNEN HONING MACHINE 216.32 108.16 8,977.34
30 3423981001 DIP INSERTION MACH 0.00 0.00 0.00
30 4360694001 PHOENIX ASSEM CONVEYOR 43.72 21.86 4,569.08
30 3746887001 IONOGRAPH-CONTAMIN-TESTER 90.00 45.00 1,485.00
30 3999088001 HARIG AUTOSTEP GRINDER 148.42 74.21 5,120.37
30 7303573001 AUTO TRANSISTOR SE 0.00 0.00 0.00
30 4246393001 AIR HANDLER 145.09 72.55 12,405.16
30 3661786001 ELDORADO GUNDRILL 479.16 239.58 5,510.30
30 7282846001 2LMS SPINDLE DRILL 0.00 0.00 0.00
30 C0005789 AUTOMATIC HEAD TESTER 82.95 41.47 1,202.73
30 3746987001 INJECTION MOLDING MACHINE 500.98 250.49 8,266.21
30 3387781001 MATL GRANULATOR 0.00 0.00 0.00
30 4055389001 SUNNEN HONING MACHINE 216.32 108.16 8,977.34
30 4332094001 WSIS 1244 WIRE STITCHER 17.50 8.75 1,706.25
30 4074689001 SUNNEN HONING MACHINE 195.44 97.72 8,892.61
30 3507484001 INSERTING MACHINE 0.00 0.00 0.00
30 4280293001 CHEMICAL STORAGE CABINET 6.41 3.20 579.71
30 6400364004 MONARCH 10EE ENGIN 0.00 0.00 0.00
30 4043389001 COIL.WIND.MACH.& DEREELER 152.64 76.32 6,181.82
30 M00000638 BROWN & SHARPE 618 MICROM 141.01 70.51 2,044.64
TYPE 30 SUBTOTAL 911,720.94
32 3152977001 HIPOT TN30 0.00 0.00 0.00
32 3434581001 STROKE COUNTER 0.00 0.00 0.00
32 3484183001 LEVER TYPE GAGING 0.00 0.00 0.00
32 4278393001 WIRE SHELF CART 4.17 2.09 127.16
32 3980688001 CROWN PTH PALLET JACK 0.00 0.00 0.00
32 3484283001 HEIGHT TRANSFER 0.00 0.00 0.00
32 4050789001 SWIFT MICROSCOPE M818802B 0.00 0.00 0.00
32 3270079001 FORCE GAGE 0.00 0.00 0.00
32 3533784001 DIP LEAD FORMER 0.00 0.00 0.00
32 4049789001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 4007980001 4000 ACTUATOR SEAL TIME 0.00 0.00 0.00
</TABLE>
5
E-130
<PAGE> 131
Page 6 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3845287001 INCIRCUIT TEXT FIXTURE 2M3400 2M 15-Dec-87 1,109.36 1,109.36 0.00
32 4354094001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3375781001 ACRA-COLOR LOADER 2M3400 2M 21-Oct-83 2,007.74 2,007.74 0.00
32 4196492001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3958788001 ECONO FLOW HOOD SUPPORT 2M3400 2M 15-Jun-88 940.00 940.00 0.00
32 4370494001 FILLER SUPPORT TABLE 2M3400 2M 15-Nov-94 785.00 157.00 628.00
32 4078589001 NOVA 750 TUMBLING MACHINE 2M3400 2M 15-Sep-89 1,284.75 1,284.75 0.00
32 3837187001 THORESON DRYER 460/3/60 2M3400 2M 15-Oct-87 4,726.21 4,726.21 0.00
32 4284193001 DIGIMATIC INDICATOR 2M3400 2M 15-Jun-93 753.64 364.25 389.39
32 3485983001 M88-80BH MICROSCOP 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3443282001 TEK AMPLIFIER 2M3400 2M 21-Oct-83 1,022.40 1,022.40 0.00
32 3582885001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 3632186001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4369294001 CONTAINERS - RIB CART (500) 2M3400 2M 15-Oct-94 4,640.00 1,005.33 3,634.67
32 3629986001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4346194001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 164.79 384.51
32 3609986001 TORQUE WATCH GAUGE 2M3400 2M 15-May-86 260.00 260.00 0.00
32 3512284001 100-LB HOPPER 2M3400 2M 15-May-84 1,746.67 1,746.67 0.00
32 3167677001 SIMPSON MULTIMETER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4370594001 WIRE SHELF CART 48 X 24 2M3400 2M 15-Nov-94 272.12 54.43 217.69
32 C0005819 PORTABLE DATA SOURCE 2M3400 2M 15-Feb-87 500.05 500.05 0.00
32 3995388001 HAND PACKAGING STATION 2M3400 2M 15-Oct-88 667.33 667.33 0.00
32 3349880001 DIGITAL MULTIMETER 2M3400 2M 21-Oct-83 127.80 127.80 0.00
32 4353894001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3824687001 GRACO PUMP 2M3400 2M 15-Oct-87 424.87 424.87 0.00
32 4416495001 STAR ELECT GRIDDLE 548TG 48" 2M3400 2M 15-May-95 1,099.95 109.99 989.96
32 4279893001 CAMCORDER - TRAIN EQUIP 2M3400 2M 15-Jun-93 943.84 456.18 487.66
32 3151877001 SIMPSON 464 TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3608286001 ANACOM GENERATOR 2M3400 2M 15-May-86 278.01 278.01 0.00
32 3883088001 MICROSCOPE M81-8802B 2M3400 2M 15-Jan-88 669.52 669.52 0.00
32 4274293001 BUS DUCT 2M3400 2M 15-Jun-93 8,345.99 4,033.90 4,312.09
32 4331694001 AIR DRIVER IR 2M3400 2M 15-Jan-94 674.12 247.18 426.94
32 3631986001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3338680001 6 SHELF UNITS 2M3400 2M 21-Oct-83 1,088.75 1,088.75 0.00
32 3447182001 ELEC HAND DRYER 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 3422181001 L30 FORCE GAGE 2M3400 2M 21-Oct-83 1,079.95 1,079.95 0.00
32 3647186001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3350680001 STEREO MICROSCOPE 2M3400 2M 21-Oct-83 251.13 251.13 0.00
32 4284293001 DIGIMATIC INDICATOR 2M3400 2M 15-Jun-93 753.64 364.25 389.39
32 4073489001 SWIFT MICROSCOPE M818802B 2M3400 2M 15-Sep-89 801.75 801.75 0.00
32 4031689001 AIR SCREWDRIVER 2M3400 2M 15-May-89 305.00 305.00 0.00
32 4354394001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4050689001 SWIFT MICROSCOPE M818802B 2M3400 2M 15-Jun-89 713.30 713.30 0.00
32 3422281001 L30 FORCE GAGE 2M3400 2M 21-Oct-83 1,079.95 1,079.95 0.00
32 3631286001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3656587001 DEGREASER RACK HAND RAILS 2M3400 2M 15-Feb-87 755.00 755.00 0.00
32 4301093001 SMARTBOX 2M3400 2M 15-Jul-93 240.00 112.00 128.00
32 3495884001 STORAGE RACKS 2M3400 2M 15-Feb-84 1,559.65 1,559.65 0.00
32 3624386001 MICROSCOPE 2M3400 2M 15-Jul-86 740.90 740.90 0.00
32 C0005654 HEAD TESTER 2M3400 2M 15-Feb-87 1,500.25 1,500.25 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3845287001 INCIRCUIT TEXT FIXTURE 0.00 0.00 0.00
32 4354094001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3375781001 ACRA-COLOR LOADER 0.00 0.00 0.00
32 4196492001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3958788001 ECONO FLOW HOOD SUPPORT 0.00 0.00 0.00
32 4370494001 FILLER SUPPORT TABLE 13.08 6.54 621.46
32 4078589001 NOVA 750 TUMBLING MACHINE 0.00 0.00 0.00
32 3837187001 THORESON DRYER 460/3/60 0.00 0.00 0.00
32 4284193001 DIGIMATIC INDICATOR 12.56 6.28 383.11
32 3485983001 M88-80BH MICROSCOP 0.00 0.00 0.00
32 3443282001 TEK AMPLIFIER 0.00 0.00 0.00
32 3582885001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3632186001 DOLLY CARTS 0.00 0.00 0.00
32 4369294001 CONTAINERS - RIB CART (500) 77.33 38.67 3,596.00
32 3629986001 DOLLY CARTS 0.00 0.00 0.00
32 4346194001 EXACTA TOGGLE PRESS 9.16 4.58 379.93
32 3609986001 TORQUE WATCH GAUGE 0.00 0.00 0.00
32 3512284001 100-LB HOPPER 0.00 0.00 0.00
32 3167677001 SIMPSON MULTIMETER 0.00 0.00 0.00
32 4370594001 WIRE SHELF CART 48 X 24 4.54 2.27 215.42
32 C0005819 PORTABLE DATA SOURCE 0.00 0.00 0.00
32 3995388001 HAND PACKAGING STATION 0.00 0.00 0.00
32 3349880001 DIGITAL MULTIMETER 0.00 0.00 0.00
32 4353894001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3824687001 GRACO PUMP 0.00 0.00 0.00
32 4416495001 STAR ELECT GRIDDLE 548TG 48" 10.00 5.00 984.96
32 4279893001 CAMCORDER - TRAIN EQUIP 15.73 7.87 479.80
32 3151877001 SIMPSON 464 TN30 0.00 0.00 0.00
32 3608286001 ANACOM GENERATOR 0.00 0.00 0.00
32 3883088001 MICROSCOPE M81-8802B 0.00 0.00 0.00
32 4274293001 BUS DUCT 139.10 69.55 4,242.54
32 4331694001 AIR DRIVER IR 11.24 5.62 421.32
32 3631986001 DOLLY CARTS 0.00 0.00 0.00
32 3338680001 6 SHELF UNITS 0.00 0.00 0.00
32 3447182001 ELEC HAND DRYER 0.00 0.00 0.00
32 3422181001 L30 FORCE GAGE 0.00 0.00 0.00
32 3647186001 3-SHELF CARTS 0.00 0.00 0.00
32 3350680001 STEREO MICROSCOPE 0.00 0.00 0.00
32 4284293001 DIGIMATIC INDICATOR 12.56 6.28 383.11
32 4073489001 SWIFT MICROSCOPE M818802B 0.00 0.00 0.00
32 4031689001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4354394001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4050689001 SWIFT MICROSCOPE M818802B 0.00 0.00 0.00
32 3422281001 L30 FORCE GAGE 0.00 0.00 0.00
32 3631286001 DOLLY CARTS 0.00 0.00 0.00
32 3656587001 DEGREASER RACK HAND RAILS 0.00 0.00 0.00
32 4301093001 SMARTBOX 4.00 2.00 126.00
32 3495884001 STORAGE RACKS 0.00 0.00 0.00
32 3624386001 MICROSCOPE 0.00 0.00 0.00
32 C0005654 HEAD TESTER 0.00 0.00 0.00
</TABLE>
6
E-131
<PAGE> 132
Page 7 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 4278193001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3421981001 HAND CRIMPER 90181 2M3400 2M 21-Oct-83 1,058.37 1,058.37 0.00
32 3647986001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3646086001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3646986001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 4341694001 IR AIR DRIVER 3RLNC1 2M3267 2M 15-Apr-94 350.21 110.90 239.31
32 3619986001 MICROSCOPE MDL 2M3400 2M 15-Jun-86 1,259.20 1,259.20 0.00
32 3439382001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 3582585001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 3296680001 WATER HEATER 2M3802 2M 21-Oct-83 1,255.00 1,255.00 0.00
32 3073076001 OSCILLOSCOPE 2M3400 2M 21-Oct-83 1,304.84 1,304.84 0.00
32 3759287001 STAR MASTER GRIDDLE 2M3400 2M 15-Apr-87 664.06 664.06 0.00
32 3334680001 AIR DRIVER 2M3400 2M 21-Oct-83 1,025.93 1,025.93 0.00
32 M00000592 DAKE #2 BENCH ARBOR PRESS 2M3400 2M 15-Feb-87 850.30 850.30 0.00
32 4370394001 MICRO RECHARGER TONER FILLER 2M3400 2M 15-Nov-94 7,180.00 1,436.00 5,744.00
32 C0004181 WASHER HANDI-KLEEN 2M3400 2M 15-Feb-87 400.25 400.25 0.00
32 C0004898 POWER PAC 2M3400 2M 15-Feb-87 200.20 200.20 0.00
32 3486783001 LEVELING TABLE 2M3400 2M 21-Oct-83 1,121.42 1,121.42 0.00
32 4354294001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3435581001 3TON GANTRY CRANE 2M3400 2M 21-Oct-83 1,104.19 1,104.19 0.00
32 3883188001 MICROSCOPE M81-8802B 2M3400 2M 15-Jan-88 669.51 669.51 0.00
32 4277993001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3378681001 AIR VISE 2M3400 2M 21-Oct-83 1,208.82 1,208.82 0.00
32 3159677001 T922 SCOPE 2M3400 2M 21-Oct-83 1,021.72 1,021.72 0.00
32 3645886001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 4004288001 SWIFT STEREO MICROSCOPE 2M3400 2M 15-Dec-88 716.50 716.50 0.00
32 3628286001 STEPDOWN TRANSFORMER 2M3400 2M 15-Aug-86 1,191.00 1,191.00 0.00
32 4010988001 LGHT/HEAVY DUTY DIAL TEST 2M3400 2M 15-Dec-88 674.19 674.19 0.00
32 3583285001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.90 417.90 0.00
32 4353394001 SCREWDRIVER SP2406 PNEU 2M3400 2M 15-Jun-94 515.00 145.91 369.09
32 3473982001 PORTA BAND SAW 2M3400 2M 21-Oct-83 1,126.86 1,126.86 0.00
32 3488883006 BELT SANDER GRINDER 2M3400 2M 21-Oct-83 332.50 332.50 0.00
32 3213378001 SIMPSON 464A 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4057089001 ULTRASONIC CLEANER/COVER 2M3400 2M 15-May-89 391.62 391.62 0.00
32 3626086001 PALLET RACKS 9 SECTIONS 2M3400 2M 15-Jul-86 4,901.29 4,901.29 0.00
32 3271479001 ROTO BIN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4353294001 SCREWDRIVER SP2406 PNEU 2M3400 2M 15-Jun-94 515.00 145.91 369.09
32 M00000555 ROACH POWER ROLLER CONVEY 2M3400 2M 15-Feb-87 3,000.20 3,000.20 0.00
32 3776087001 MOLD RACK 2M3400 2M 15-Jun-87 285.00 285.00 0.00
32 3619786001 MICROSCOPE MDL 2M3400 2M 15-Jun-86 1,259.20 1,259.20 0.00
32 3586485001 DIGITAL MONITOR/RE 2M3400 2M 15-Sep-85 1,001.10 1,001.10 0.00
32 3570385001 HEAD DEREELER 485-01B 2M3400 2M 15-Jul-85 672.00 672.00 0.00
32 3958488001 WATER COOLER--RWAG-5A 2M3400 2M 15-Jun-88 5,270.00 5,270.00 0.00
32 3338580001 7 SHELF UNITS 2M3400 2M 21-Oct-83 1,102.59 1,102.59 0.00
32 4369894001 LJ4 CARTRIDGE SPLITTING SYS 2M3400 2M 15-Nov-94 1,900.00 380.00 1,520.00
32 4341094001 IR AIR DRIVER 3RANC1 2M3267 2M 15-Apr-94 350.22 110.91 239.31
32 4374795001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.99 48.76 217.23
32 3882988001 MICROSCOPE M81-8802B 419999 2M 15-Jan-88 669.52 669.52 0.00
32 4165191001 CAUSTIC STRIP POT 2M3400 2M 15-Sep-91 1,317.00 914.58 402.42
32 4079089001 MAPLE TOP PRD MACHINE TBL 2M3400 2M 15-Sep-89 385.00 385.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 4278193001 WIRE SHELF CART 4.17 2.09 127.16
32 3421981001 HAND CRIMPER 90181 0.00 0.00 0.00
32 3647986001 3-SHELF CARTS 0.00 0.00 0.00
32 3646086001 3-SHELF CARTS 0.00 0.00 0.00
32 3646986001 3-SHELF CARTS 0.00 0.00 0.00
32 4341694001 IR AIR DRIVER 3RLNC1 5.84 2.92 236.39
32 3619986001 MICROSCOPE MDL 0.00 0.00 0.00
32 3439382001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 3582585001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3296680001 WATER HEATER 0.00 0.00 0.00
32 3073076001 OSCILLOSCOPE 0.00 0.00 0.00
32 3759287001 STAR MASTER GRIDDLE 0.00 0.00 0.00
32 3334680001 AIR DRIVER 0.00 0.00 0.00
32 M00000592 DAKE #2 BENCH ARBOR PRESS 0.00 0.00 0.00
32 4370394001 MICRO RECHARGER TONER FILLER 119.67 59.83 5,684.17
32 C0004181 WASHER HANDI-KLEEN 0.00 0.00 0.00
32 C0004898 POWER PAC 0.00 0.00 0.00
32 3486783001 LEVELING TABLE 0.00 0.00 0.00
32 4354294001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3435581001 3TON GANTRY CRANE 0.00 0.00 0.00
32 3883188001 MICROSCOPE M81-8802B 0.00 0.00 0.00
32 4277993001 WIRE SHELF CART 4.17 2.09 127.16
32 3378681001 AIR VISE 0.00 0.00 0.00
32 3159677001 T922 SCOPE 0.00 0.00 0.00
32 3645886001 3-SHELF CARTS 0.00 0.00 0.00
32 4004288001 SWIFT STEREO MICROSCOPE 0.00 0.00 0.00
32 3628286001 STEPDOWN TRANSFORMER 0.00 0.00 0.00
32 4010988001 LGHT/HEAVY DUTY DIAL TEST 0.00 0.00 0.00
32 3583285001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 4353394001 SCREWDRIVER SP2406 PNEU 8.58 4.29 364.80
32 3473982001 PORTA BAND SAW 0.00 0.00 0.00
32 3488883006 BELT SANDER GRINDER 0.00 0.00 0.00
32 3213378001 SIMPSON 464A 0.00 0.00 0.00
32 4057089001 ULTRASONIC CLEANER/COVER 0.00 0.00 0.00
32 3626086001 PALLET RACKS 9 SECTIONS 0.00 0.00 0.00
32 3271479001 ROTO BIN 0.00 0.00 0.00
32 4353294001 SCREWDRIVER SP2406 PNEU 8.58 4.29 364.80
32 M00000555 ROACH POWER ROLLER CONVEY 0.00 0.00 0.00
32 3776087001 MOLD RACK 0.00 0.00 0.00
32 3619786001 MICROSCOPE MDL 0.00 0.00 0.00
32 3586485001 DIGITAL MONITOR/RE 0.00 0.00 0.00
32 3570385001 HEAD DEREELER 485-01B 0.00 0.00 0.00
32 3958488001 WATER COOLER--RWAG-5A 0.00 0.00 0.00
32 3338580001 7 SHELF UNITS 0.00 0.00 0.00
32 4369894001 LJ4 CARTRIDGE SPLITTING SYS 31.67 15.83 1,504.17
32 4341094001 IR AIR DRIVER 3RANC1 5.84 2.92 236.39
32 4374795001 WIRE SHELF CART 48X24 4.43 2.22 215.01
32 3882988001 MICROSCOPE M81-8802B 0.00 0.00 0.00
32 4165191001 CAUSTIC STRIP POT 18.29 9.15 393.27
32 4079089001 MAPLE TOP PRD MACHINE TBL 0.00 0.00 0.00
</TABLE>
7
E-132
<PAGE> 133
Page 8 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3903488001 DATA I/O 288 & PROMLINK 2M3001 2M 15-Mar-88 4,737.52 4,737.52 0.00
32 3354780001 MICROSCOPE 10X20X 2M3400 2M 21-Oct-83 1,081.65 1,081.65 0.00
32 4346894001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 155.63 393.67
32 4346794001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 155.63 393.67
32 3439482001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 4056889001 S.S. TABLE WITH HOOD 2M3400 2M 15-May-89 636.00 636.00 0.00
32 3348480001 L-10 FORCE GAGE 2M3400 2M 21-Oct-83 1,026.88 1,026.88 0.00
32 4320193001 PRINTER BARCODE 2M8921 2M 15-Oct-93 2,099.68 874.87 1,224.81
32 3646686001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 4355794001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4353494001 SCREWDRIVER SP2703 PNEU 2M3400 2M 15-Jun-94 660.00 187.00 473.00
32 3338980001 460 POWER SUPPLY 2M3400 2M 21-Oct-83 1,284.46 1,284.46 0.00
32 3182478001 BELT SANDER 2M3400 2M 21-Oct-83 188.51 188.51 0.00
32 3386581001 COMP RIETER 2M3400 2M 21-Oct-83 479.25 479.25 0.00
32 4243993001 2900 PROGRAMMING SYS 2M3400 2M 15-Jan-93 6,701.95 3,739.00 2,962.95
32 3799087001 DEMAGNETIZER-CLEANING EQ 2M3400 2M 15-Jul-87 386.24 386.24 0.00
32 3579285001 WATER/AIR HEAT EXCHANGER 2M3400 2M 15-Aug-85 5,204.91 5,204.91 0.00
32 3307780001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,038.43 1,038.43 0.00
32 3073576001 AIRFLOW FUME HOOD 2M3400 2M 21-Oct-83 75.40 75.40 0.00
32 3505284001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 4340894001 IR AIR DRIVER 3RLNC1 2M3267 2M 15-Apr-94 349.65 110.72 238.93
32 4188292001 MOKON WATER UNIT W/DOLLY 2M3802 2M 15-Sep-92 3,509.13 2,222.45 1,286.68
32 4063289001 ULTRASONIC CLEANER 2M3400 2M 15-Aug-89 1,433.13 1,433.13 0.00
32 4374495001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3427481001 TORQUE WATCH 2M3400 2M 21-Oct-83 1,076.33 1,076.33 0.00
32 3428881001 MTI CALIPERS 2M3400 2M 21-Oct-83 1,058.30 1,058.30 0.00
32 3314280001 PRESS AND DIE 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3620086001 MICROSCOPE MDL 2M3400 2M 15-Jun-86 1,259.20 1,259.20 0.00
32 3268679001 GATLIN GUN 2M3400 2M 21-Oct-83 1,081.40 1,081.40 0.00
32 3314480001 SHELVING-REPUBLIC 2M3400 2M 21-Oct-83 1,163.68 1,163.68 0.00
32 4068389001 CYLINDER BLK.LOC.GAUGE 2M3400 2M 15-Aug-89 1,585.00 1,585.00 0.00
32 3436482001 MOLD TRANSDUCER 2M3400 2M 21-Oct-83 1,194.66 1,194.66 0.00
32 4301193001 SMARTBOX 2M3400 2M 15-Jul-93 240.00 112.00 128.00
32 3411381001 POWER SUPPLY 2M3400 2M 21-Oct-83 1,070.71 1,070.71 0.00
32 4367594001 BAR CODE SCANNER 2M3400 2M 15-Oct-94 2,405.00 521.08 1,883.92
32 3687787001 G4000 CARTRIDGE STUFFER 2M3400 2M 15-Feb-87 3,425.00 3,425.00 0.00
32 4412995001 500 LB PORTABLE LIFT 2M3400 2M 15-Apr-95 890.00 103.83 786.17
32 3350480001 STEREO MICROSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3586985001 ASSY ANVIL HOLDER #1 2M3218 2M 15-Sep-85 351.89 351.89 0.00
32 3645686001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3657786001 RIBBON CARTRIDGE RUN-IN S 2M3400 2M 15-Nov-86 2,979.08 2,979.08 0.00
32 4374695001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.99 48.76 217.23
32 3581285001 INGREDIENT BIN (4 OF 4) 2M3400 2M 15-Sep-85 253.68 253.68 0.00
32 3937788001 MICROSCOPE M81-8802B 2M3400 2M 15-Apr-88 1,338.25 1,338.25 0.00
32 3629786001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3156777001 1000DV DISPENSER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4373395001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 4356994001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3608086001 ANACOM GENERATOR 2M3400 2M 15-May-86 278.01 278.01 0.00
32 3439282001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3903488001 DATA I/O 288 & PROMLINK 0.00 0.00 0.00
32 3354780001 MICROSCOPE 10X20X 0.00 0.00 0.00
32 4346894001 EXACTA TOGGLE PRESS 9.15 4.58 389.09
32 4346794001 EXACTA TOGGLE PRESS 9.15 4.58 389.09
32 3439482001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 4056889001 S.S. TABLE WITH HOOD 0.00 0.00 0.00
32 3348480001 L-10 FORCE GAGE 0.00 0.00 0.00
32 4320193001 PRINTER BARCODE 34.99 17.50 1,207.31
32 3646686001 3-SHELF CARTS 0.00 0.00 0.00
32 4355794001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4353494001 SCREWDRIVER SP2703 PNEU 11.00 5.50 467.50
32 3338980001 460 POWER SUPPLY 0.00 0.00 0.00
32 3182478001 BELT SANDER 0.00 0.00 0.00
32 3386581001 COMP RIETER 0.00 0.00 0.00
32 4243993001 2900 PROGRAMMING SYS 113.96 56.98 2,905.97
32 3799087001 DEMAGNETIZER-CLEANING EQ 0.00 0.00 0.00
32 3579285001 WATER/AIR HEAT EXCHANGER 0.00 0.00 0.00
32 3307780001 HAND CRIMPER 0.00 0.00 0.00
32 3073576001 AIRFLOW FUME HOOD 0.00 0.00 0.00
32 3505284001 WORKBENCH 0.00 0.00 0.00
32 4340894001 IR AIR DRIVER 3RLNC1 5.83 2.91 236.02
32 4188292001 MOKON WATER UNIT W/DOLLY 58.49 29.24 1,257.44
32 4063289001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 4374495001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3427481001 TORQUE WATCH 0.00 0.00 0.00
32 3428881001 MTI CALIPERS 0.00 0.00 0.00
32 3314280001 PRESS AND DIE 0.00 0.00 0.00
32 3620086001 MICROSCOPE MDL 0.00 0.00 0.00
32 3268679001 GATLIN GUN 0.00 0.00 0.00
32 3314480001 SHELVING-REPUBLIC 0.00 0.00 0.00
32 4068389001 CYLINDER BLK.LOC.GAUGE 0.00 0.00 0.00
32 3436482001 MOLD TRANSDUCER 0.00 0.00 0.00
32 4301193001 SMARTBOX 4.00 2.00 126.00
32 3411381001 POWER SUPPLY 0.00 0.00 0.00
32 4367594001 BAR CODE SCANNER 40.08 20.04 1,863.88
32 3687787001 G4000 CARTRIDGE STUFFER 0.00 0.00 0.00
32 4412995001 500 LB PORTABLE LIFT 9.44 4.72 781.45
32 3350480001 STEREO MICROSCOPE 0.00 0.00 0.00
32 3586985001 ASSY ANVIL HOLDER #1 0.00 0.00 0.00
32 3645686001 3-SHELF CARTS 0.00 0.00 0.00
32 3657786001 RIBBON CARTRIDGE RUN-IN S 0.00 0.00 0.00
32 4374695001 WIRE SHELF CART 48X24 4.43 2.22 215.01
32 3581285001 INGREDIENT BIN (4 OF 4) 0.00 0.00 0.00
32 3937788001 MICROSCOPE M81-8802B 0.00 0.00 0.00
32 3629786001 DOLLY CARTS 0.00 0.00 0.00
32 3156777001 1000DV DISPENSER 0.00 0.00 0.00
32 4373395001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 4356994001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3608086001 ANACOM GENERATOR 0.00 0.00 0.00
32 3439282001 2.5FTX5FT TABLE 0.00 0.00 0.00
</TABLE>
8
E-133
<PAGE> 134
Page 9 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3964388001 TABLE WITH VENTED HOOD 2M3400 2M 15-Jul-88 480.00 480.00 0.00
32 3279279001 ASSEMBLY CAROUSEL 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4002788001 NCI COUNTING SCALE 8200 2M3400 2M 15-Nov-88 1,445.00 1,445.00 0.00
32 4189092001 MOKON WATER UNIT 2M3400 2M 15-Sep-92 2,926.15 1,853.23 1,072.92
32 3480683001 MAGNETIC CHUCK 2M3400 2M 21-Oct-83 1,122.33 1,122.33 0.00
32 4300993001 SMARTBOX 2M3400 2M 15-Jul-93 240.00 112.00 128.00
32 3840387001 TOOLMAKERS MICROSCOPE 2M3400 2M 15-Nov-87 2,570.00 2,570.00 0.00
32 3578185001 LITTON MICROWAVE 2M3400 2M 15-Aug-85 735.00 735.00 0.00
32 3233378001 SCREWDRIVER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 7403374004 ALUM TRUCK DOCKBOA 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3603286001 20# CO2 FIRE EXTINGUISHER 2M3400 2M 15-Feb-86 248.00 248.00 0.00
32 3655686001 MAHR BORE GAGE SET UP 2M3400 2M 15-Oct-86 259.89 259.89 0.00
32 4166892002 AIR CONDITIONER COILS 2M3400 2M 15-Jun-92 9,547.88 6,468.40 3,079.48
32 4078689001 NOVA 750 TUMBLING MACHINE 2M3400 2M 15-Sep-89 1,284.75 1,284.75 0.00
32 4005488001 AFFF WHEELED FIRE EXTINGU 2M3400 2M 15-Dec-88 2,700.00 2,700.00 0.00
32 3631786001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3451182001 STAR 156 GRIDDLE 2M3400 2M 21-Oct-83 319.50 319.50 0.00
32 3312180001 ULTRASONIC CLEANER 2M3400 2M 21-Oct-83 601.94 601.94 0.00
32 3776287001 MOLD RACK 2M3400 2M 15-Jun-87 285.00 285.00 0.00
32 3790887001 ELECTRONIC COUNT SCALE 2M3400 2M 15-Jul-87 945.00 945.00 0.00
32 3421681001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,099.24 1,099.24 0.00
32 3505484001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 4355394001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3585185001 ICE TEA DISPENSER 2M3400 2M 15-Sep-85 225.00 225.00 0.00
32 3195378001 TEK SCOPE 922R 2M3400 2M 21-Oct-83 1,079.74 1,079.74 0.00
32 4370094001 TONER TORIT VS-1200 2M3400 2M 15-Nov-94 3,064.59 612.92 2,451.67
32 3580185001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 4066989001 ACTUATOR ASSM. RUN-IN 2M3400 2M 15-Aug-89 4,265.68 4,265.68 0.00
32 3348380001 SOLDER MELTING POT 2M3400 2M 21-Oct-83 63.90 63.90 0.00
32 3369480001 POWER SUPPLY 2M3400 2M 21-Oct-83 1,321.48 1,321.48 0.00
32 3689787001 HOTPLATE GRILL 2M3400 2M 15-Feb-87 664.06 664.06 0.00
32 4074289001 KENNEDY 7-DR.ROLLER CABIN 2M3400 2M 15-Jul-89 460.26 460.26 0.00
32 3981788001 AIR FILTER 2M3400 2M 15-Aug-88 1,125.29 1,125.29 0.00
32 4279793001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.18 120.93 129.25
32 3776387001 MOLD RACK 2M3400 2M 15-Jun-87 285.00 285.00 0.00
32 4068289001 CYLINDER LOCATION GAUGE 2M3400 2M 15-Aug-89 1,850.00 1,850.00 0.00
32 3307080001 19FT SCOPIC LADDER 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
32 3226166001 DRILL PRESS 2M3400 2M 21-Oct-83 376.37 376.37 0.00
32 3436782001 WORK BENCH 2M3400 2M 21-Oct-83 1,162.62 1,162.62 0.00
32 3399281001 OUTSIDE HOSEHOUSE 2M3400 2M 21-Oct-83 1,302.79 1,302.79 0.00
32 4310993001 AMETER ACCFORCE GAUGE/STAND 2M3400 2M 15-Aug-93 1,202.86 541.29 661.57
32 3406681001 REVERSE SCREWDRIVR 2M3400 2M 21-Oct-83 1,047.83 1,047.83 0.00
32 3450982001 STAR HOT PLATE 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 C0005836 PORTABLE DATA SOURCE 2M3400 2M 15-Feb-87 500.05 500.05 0.00
32 4356694001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4356594001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3449282001 AIR CONDITIONER 2M3400 2M 21-Oct-83 1,779.89 1,779.89 0.00
32 3580785001 PORTABLE SHELVES 2M3400 2M 15-Sep-85 226.86 226.86 0.00
32 C0006036 STATIC ENERGIZER 2M3400 2M 15-Feb-87 750.10 750.10 0.00
32 3584985001 KETTLE 2M3400 2M 15-Sep-85 3,289.00 3,289.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3964388001 TABLE WITH VENTED HOOD 0.00 0.00 0.00
32 3279279001 ASSEMBLY CAROUSEL 0.00 0.00 0.00
32 4002788001 NCI COUNTING SCALE 8200 0.00 0.00 0.00
32 4189092001 MOKON WATER UNIT 48.77 24.38 1,048.54
32 3480683001 MAGNETIC CHUCK 0.00 0.00 0.00
32 4300993001 SMARTBOX 4.00 2.00 126.00
32 3840387001 TOOLMAKERS MICROSCOPE 0.00 0.00 0.00
32 3578185001 LITTON MICROWAVE 0.00 0.00 0.00
32 3233378001 SCREWDRIVER 0.00 0.00 0.00
32 7403374004 ALUM TRUCK DOCKBOA 0.00 0.00 0.00
32 3603286001 20# CO2 FIRE EXTINGUISHER 0.00 0.00 0.00
32 3655686001 MAHR BORE GAGE SET UP 0.00 0.00 0.00
32 4166892002 AIR CONDITIONER COILS 162.08 81.04 2,998.44
32 4078689001 NOVA 750 TUMBLING MACHINE 0.00 0.00 0.00
32 4005488001 AFFF WHEELED FIRE EXTINGU 0.00 0.00 0.00
32 3631786001 DOLLY CARTS 0.00 0.00 0.00
32 3451182001 STAR 156 GRIDDLE 0.00 0.00 0.00
32 3312180001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3776287001 MOLD RACK 0.00 0.00 0.00
32 3790887001 ELECTRONIC COUNT SCALE 0.00 0.00 0.00
32 3421681001 HAND CRIMPER 0.00 0.00 0.00
32 3505484001 WORKBENCH 0.00 0.00 0.00
32 4355394001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3585185001 ICE TEA DISPENSER 0.00 0.00 0.00
32 3195378001 TEK SCOPE 922R 0.00 0.00 0.00
32 4370094001 TONER TORIT VS-1200 51.08 25.54 2,426.13
32 3580185001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 4066989001 ACTUATOR ASSM. RUN-IN 0.00 0.00 0.00
32 3348380001 SOLDER MELTING POT 0.00 0.00 0.00
32 3369480001 POWER SUPPLY 0.00 0.00 0.00
32 3689787001 HOTPLATE GRILL 0.00 0.00 0.00
32 4074289001 KENNEDY 7-DR.ROLLER CABIN 0.00 0.00 0.00
32 3981788001 AIR FILTER 0.00 0.00 0.00
32 4279793001 WIRE SHELF CART 4.17 2.09 127.17
32 3776387001 MOLD RACK 0.00 0.00 0.00
32 4068289001 CYLINDER LOCATION GAUGE 0.00 0.00 0.00
32 3307080001 19FT SCOPIC LADDER 0.00 0.00 0.00
32 3226166001 DRILL PRESS 0.00 0.00 0.00
32 3436782001 WORK BENCH 0.00 0.00 0.00
32 3399281001 OUTSIDE HOSEHOUSE 0.00 0.00 0.00
32 4310993001 AMETER ACCFORCE GAUGE/STAND 20.05 10.02 651.55
32 3406681001 REVERSE SCREWDRIVR 0.00 0.00 0.00
32 3450982001 STAR HOT PLATE 0.00 0.00 0.00
32 C0005836 PORTABLE DATA SOURCE 0.00 0.00 0.00
32 4356694001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4356594001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3449282001 AIR CONDITIONER 0.00 0.00 0.00
32 3580785001 PORTABLE SHELVES 0.00 0.00 0.00
32 C0006036 STATIC ENERGIZER 0.00 0.00 0.00
32 3584985001 KETTLE 0.00 0.00 0.00
</TABLE>
9
E-134
<PAGE> 135
Page 10 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3631586001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4367094001 (40) PORTABLE EXTRACTORS 2M3400 2M 15-Sep-94 4,942.89 1,153.33 3,789.56
32 3958688001 ECONO FLOW HOOD SUPPORT 2M3400 2M 15-Jun-88 940.00 940.00 0.00
32 3497884001 OVEREND DEREELER 2M3400 2M 15-Feb-84 1,069.00 1,069.00 0.00
32 4196592001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 4279593001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 4119084001 PEM-SERTER SERIES4 2M3400 2M 15-Apr-84 3,736.38 3,736.38 0.00
32 3300480001 LABEL IMPRINTER 2M3400 2M 21-Oct-83 639.00 639.00 0.00
32 3317180001 22 RIDG-U-RACKS 2M3400 2M 21-Oct-83 1,305.02 1,305.02 0.00
32 3608886001 SCALE 2M3400 2M 15-May-86 1,400.00 1,400.00 0.00
32 3153777001 DIGITAL MULTIMETER 2M3400 2M 21-Oct-83 188.51 188.51 0.00
32 C0004714 STATIC ENERGIZERS 2M3400 2M 15-Feb-87 750.20 750.20 0.00
32 3213678001 TEK 922R SCOPE 2M3400 2M 21-Oct-83 1,076.77 1,076.77 0.00
32 3584085001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.87 417.87 0.00
32 3603086001 20# CO2 FIRE EXTINGUISHER 2M3400 2M 15-Feb-86 248.00 248.00 0.00
32 3983188001 UNIVERSAL HONING MACHINE 2M3400 2M 15-Jul-88 5,720.00 5,720.00 0.00
32 4136490001 EFD FLUID DISPENSERS 2M3400 2M 15-Oct-90 823.50 823.50 0.00
32 3488583006 2HP AIR COMPRESSOR 2M3400 2M 21-Oct-83 274.77 274.77 0.00
32 3872788001 ULTRASONIC CLEANER-BRANSO 2M3400 2M 15-Jan-88 835.32 835.32 0.00
32 3306880001 AIR PRESS 2M3400 2M 21-Oct-83 319.50 319.50 0.00
32 3324080001 DELUXE DRILL 2M3400 2M 21-Oct-83 1,032.42 1,032.42 0.00
32 3324280001 CLARKE DUMPSTER 2M3400 2M 21-Oct-83 1,187.89 1,187.89 0.00
32 3630686001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4416695001 MANITOWOC ICE MACHINE/FILTER 2M3400 2M 15-May-95 2,919.95 291.50 2,628.45
32 M00000616 DAKE NO 2 BENCH ARBOR PRE 2M3400 2M 15-Feb-87 2,000.20 2,000.20 0.00
32 3505584001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3451282001 LITTON MICROWAVE 2M3400 2M 21-Oct-83 255.60 255.60 0.00
32 3439682001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 3381081001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 0.00 0.00 0.00
32 3428581001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,054.43 1,054.43 0.00
32 3371981001 AIR SCREWDRIVER 2M3400 2M 21-Oct-83 1,060.79 1,060.79 0.00
32 4355194001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3443682001 HAND TOGGLE PRESS 2M3400 2M 21-Oct-83 31.95 31.95 0.00
32 3655486001 MAHR BORE GAGE SET 2M3400 2M 15-Oct-86 259.89 259.89 0.00
32 3584685001 DEEP FRYER 2M3400 2M 15-Sep-85 1,354.95 1,354.95 0.00
32 4058389001 ULTRASONIC CLEANER 2M3400 2M 15-Jul-89 1,432.13 1,432.13 0.00
32 3473482001 WATER CONDITIONER-CULLIGA 2M3400 2M 21-Oct-83 1,258.11 1,258.11 0.00
32 3285380001 33 SHELVING UNITS 2M3400 2M 21-Oct-83 1,376.71 1,376.71 0.00
32 3798687001 PORTABLE CHILLER 2M3400 2M 15-Jul-87 5,252.73 5,252.73 0.00
32 4310893001 X-RITE 400B DENSITOMETER 2M3400 2M 15-Aug-93 1,000.00 450.00 550.00
32 3297380001 HIGH TEMP MACHINE 2M3400 2M 21-Oct-83 575.10 575.10 0.00
32 3316980001 MASTER TIME CENTER 2M3400 2M 21-Oct-83 639.00 639.00 0.00
32 3583885001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.87 417.87 0.00
32 3602886001 DEHUMIDIFIER 2M3400 2M 15-Feb-86 239.99 239.99 0.00
32 3354280001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,033.62 1,033.62 0.00
32 4279493001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3944288001 DISPENSER 2M3400 2M 15-May-88 695.30 695.30 0.00
32 3271279001 ROTO BIN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4297393001 AIR DRYER 2M3400 2M 15-Jul-93 4,960.63 2,314.97 2,645.66
32 4354594001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3631586001 DOLLY CARTS 0.00 0.00 0.00
32 4367094001 (40) PORTABLE EXTRACTORS 82.38 41.19 3,748.37
32 3958688001 ECONO FLOW HOOD SUPPORT 0.00 0.00 0.00
32 3497884001 OVEREND DEREELER 0.00 0.00 0.00
32 4196592001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 4279593001 WIRE SHELF CART 4.17 2.09 127.16
32 4119084001 PEM-SERTER SERIES4 0.00 0.00 0.00
32 3300480001 LABEL IMPRINTER 0.00 0.00 0.00
32 3317180001 22 RIDG-U-RACKS 0.00 0.00 0.00
32 3608886001 SCALE 0.00 0.00 0.00
32 3153777001 DIGITAL MULTIMETER 0.00 0.00 0.00
32 C0004714 STATIC ENERGIZERS 0.00 0.00 0.00
32 3213678001 TEK 922R SCOPE 0.00 0.00 0.00
32 3584085001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3603086001 20# CO2 FIRE EXTINGUISHER 0.00 0.00 0.00
32 3983188001 UNIVERSAL HONING MACHINE 0.00 0.00 0.00
32 4136490001 EFD FLUID DISPENSERS 15.36 7.68 0.00
32 3488583006 2HP AIR COMPRESSOR 0.00 0.00 0.00
32 3872788001 ULTRASONIC CLEANER-BRANSO 0.00 0.00 0.00
32 3306880001 AIR PRESS 0.00 0.00 0.00
32 3324080001 DELUXE DRILL 0.00 0.00 0.00
32 3324280001 CLARKE DUMPSTER 0.00 0.00 0.00
32 3630686001 DOLLY CARTS 0.00 0.00 0.00
32 4416695001 MANITOWOC ICE MACHINE/FILTER 26.50 13.25 2,615.20
32 M00000616 DAKE NO 2 BENCH ARBOR PRE 0.00 0.00 0.00
32 3505584001 WORKBENCH 0.00 0.00 0.00
32 3451282001 LITTON MICROWAVE 0.00 0.00 0.00
32 3439682001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 3381081001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3428581001 HAND CRIMPER 0.00 0.00 0.00
32 3371981001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4355194001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3443682001 HAND TOGGLE PRESS 0.00 0.00 0.00
32 3655486001 MAHR BORE GAGE SET 0.00 0.00 0.00
32 3584685001 DEEP FRYER 0.00 0.00 0.00
32 4058389001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3473482001 WATER CONDITIONER-CULLIGA 0.00 0.00 0.00
32 3285380001 33 SHELVING UNITS 0.00 0.00 0.00
32 3798687001 PORTABLE CHILLER 0.00 0.00 0.00
32 4310893001 X-RITE 400B DENSITOMETER 16.67 8.33 541.67
32 3297380001 HIGH TEMP MACHINE 0.00 0.00 0.00
32 3316980001 MASTER TIME CENTER 0.00 0.00 0.00
32 3583885001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3602886001 DEHUMIDIFIER 0.00 0.00 0.00
32 3354280001 HAND CRIMPER 0.00 0.00 0.00
32 4279493001 WIRE SHELF CART 4.17 2.09 127.16
32 3944288001 DISPENSER 0.00 0.00 0.00
32 3271279001 ROTO BIN 0.00 0.00 0.00
32 4297393001 AIR DRYER 82.68 41.34 2,604.32
32 4354594001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
</TABLE>
10
E-135
<PAGE> 136
Page 11 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3291080001 WIRE DEREELER 2M3400 2M 21-Oct-83 1,220.47 1,220.47 0.00
32 3505784001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3995588001 HAND PACKAGING STATION 2M3400 2M 15-Oct-88 667.33 667.33 0.00
32 3987088001 CHROME RETICLE FOR SCOPE 2M3400 2M 15-Sep-88 494.62 494.62 0.00
32 3380881001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,069.24 1,069.24 0.00
32 3509484001 VACUUM PUMP SYSTEM 2M3400 2M 15-Apr-84 1,788.22 1,788.22 0.00
32 4354994001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 7311473002 FLUKE MULTIMETER 6 2M3400 2M 21-Oct-83 127.80 127.80 0.00
32 3451082001 STAR HOT PLATE 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 4050389001 SWIFT MICROSCOPEM8808802B 2M3400 2M 15-Jun-89 717.38 717.38 0.00
32 3448882001 2X3 RACK ASSEMBLY 2M3400 2M 21-Oct-83 1,303.38 1,303.38 0.00
32 3323480001 ME-484 DEREELER 2M3400 2M 21-Oct-83 1,141.55 1,141.55 0.00
32 3627286001 MICROSCOPE 2M3400 2M 15-Jul-86 1,172.53 1,172.53 0.00
32 3582085001 FOUR-SEATER TABLE 2M3400 2M 15-Sep-85 270.28 270.28 0.00
32 3579885001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 3233478001 SCREWDRIVER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3290880001 FINE WIRE DEREELER 2M3400 2M 21-Oct-83 1,115.01 1,115.01 0.00
32 3986888001 ABBOT SCALE-10 LB. 2M3400 2M 15-Sep-88 1,495.00 1,495.00 0.00
32 3442582001 SOLDER VAC-KIT 2M3400 2M 21-Oct-83 1,131.03 1,131.03 0.00
32 3308779001 ME 484 DEREELER 2M3400 2M 21-Oct-83 1,084.22 1,084.22 0.00
32 3060276001 G S DIGIT READOUTS 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4189292001 ELECTRIC TAPE MACHINE 2M3802 2M 15-Sep-92 882.50 558.92 323.58
32 4196692001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3975488001 STRIP POT 2M3400 2M 15-Aug-88 399.81 399.81 0.00
32 3654586001 LAPPING STAND 2M3400 2M 15-Oct-86 472.00 472.00 0.00
32 3647686001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3321780001 5 SHELF CART 2M3400 2M 21-Oct-83 1,025.47 1,025.47 0.00
32 3323280001 ME-484 DEREELER 2M3400 2M 21-Oct-83 1,141.55 1,141.55 0.00
32 3785887001 BRADY WRITER II PRINTER 2M3134 2M 15-Jun-87 2,795.00 2,795.00 0.00
32 3450882001 ELECTRIC FRYER 2M3400 2M 21-Oct-83 319.50 319.50 0.00
32 4346694001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 155.63 393.67
32 4423795001 HF3000 DIGITAL ELECT SCALE 2M3400 2M 15-Jul-95 1,591.42 106.09 1,485.33
32 3386481001 COMP RIVETER 2M3400 2M 21-Oct-83 1,370.25 1,370.25 0.00
32 3233778001 SCREWDRIVER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3581885001 TRAY STORAGE SHELF 2M3400 2M 15-Sep-85 662.51 662.51 0.00
32 3045876001 DISPENSER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4302093001 DOWNFEED READING HEAD 2M3400 2M 15-Jul-93 2,400.33 1,120.16 1,280.17
32 3519184001 WALNUT CABINET 2M3400 2M 15-Aug-84 860.66 860.66 0.00
32 4191992001 RIBBON STUFFER 2M3802 2M 15-Sep-92 31,908.98 20,119.06 11,789.92
32 3977888001 G4000 CARTRIDGE STUFFER 2M3400 2M 15-Aug-88 3,678.05 3,678.05 0.00
32 6708767001 HAND FEED SURFACE 2M3400 2M 21-Oct-83 1,907.42 1,907.42 0.00
32 C0005682 PORTABLE DATA SOURCE 2M3400 2M 15-Feb-87 500.15 500.15 0.00
32 4196092001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3294780001 2 TON FORCE PRESS 2M3400 2M 21-Oct-83 63.90 63.90 0.00
32 3560285001 STEREOZOOM MICROSCOPE 2M3400 2M 15-May-85 1,000.45 1,000.45 0.00
32 3446482001 GRINDER GUARD 2M3400 2M 21-Oct-83 1,256.83 1,256.83 0.00
32 3300980001 BRANSON WELDER 2M3400 2M 21-Oct-83 2,747.70 2,747.70 0.00
32 4330994001 SHOP VACUMN 2M3400 2M 15-Jan-94 501.00 183.70 317.30
32 4123690001 HAND PACKAGING STATION 2M3400 2M 15-Jun-90 970.65 970.65 0.00
32 3271379001 ROTO BIN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3291080001 WIRE DEREELER 0.00 0.00 0.00
32 3505784001 WORKBENCH 0.00 0.00 0.00
32 3995588001 HAND PACKAGING STATION 0.00 0.00 0.00
32 3987088001 CHROME RETICLE FOR SCOPE 0.00 0.00 0.00
32 3380881001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3509484001 VACUUM PUMP SYSTEM 0.00 0.00 0.00
32 4354994001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 7311473002 FLUKE MULTIMETER 6 0.00 0.00 0.00
32 3451082001 STAR HOT PLATE 0.00 0.00 0.00
32 4050389001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 3448882001 2X3 RACK ASSEMBLY 0.00 0.00 0.00
32 3323480001 ME-484 DEREELER 0.00 0.00 0.00
32 3627286001 MICROSCOPE 0.00 0.00 0.00
32 3582085001 FOUR-SEATER TABLE 0.00 0.00 0.00
32 3579885001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 3233478001 SCREWDRIVER 0.00 0.00 0.00
32 3290880001 FINE WIRE DEREELER 0.00 0.00 0.00
32 3986888001 ABBOT SCALE-10 LB. 0.00 0.00 0.00
32 3442582001 SOLDER VAC-KIT 0.00 0.00 0.00
32 3308779001 ME 484 DEREELER 0.00 0.00 0.00
32 3060276001 G S DIGIT READOUTS 0.00 0.00 0.00
32 4189292001 ELECTRIC TAPE MACHINE 14.71 7.35 316.23
32 4196692001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3975488001 STRIP POT 0.00 0.00 0.00
32 3654586001 LAPPING STAND 0.00 0.00 0.00
32 3647686001 3-SHELF CARTS 0.00 0.00 0.00
32 3321780001 5 SHELF CART 0.00 0.00 0.00
32 3323280001 ME-484 DEREELER 0.00 0.00 0.00
32 3785887001 BRADY WRITER II PRINTER 0.00 0.00 0.00
32 3450882001 ELECTRIC FRYER 0.00 0.00 0.00
32 4346694001 EXACTA TOGGLE PRESS 9.15 4.58 389.09
32 4423795001 HF3000 DIGITAL ELECT SCALE 9.64 4.82 1,480.51
32 3386481001 COMP RIVETER 0.00 0.00 0.00
32 3233778001 SCREWDRIVER 0.00 0.00 0.00
32 3581885001 TRAY STORAGE SHELF 0.00 0.00 0.00
32 3045876001 DISPENSER 0.00 0.00 0.00
32 4302093001 DOWNFEED READING HEAD 40.01 20.00 1,260.17
32 3519184001 WALNUT CABINET 0.00 0.00 0.00
32 4191992001 RIBBON STUFFER 535.91 267.95 11,521.97
32 3977888001 G4000 CARTRIDGE STUFFER 0.00 0.00 0.00
32 6708767001 HAND FEED SURFACE 0.00 0.00 0.00
32 C0005682 PORTABLE DATA SOURCE 0.00 0.00 0.00
32 4196092001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3294780001 2 TON FORCE PRESS 0.00 0.00 0.00
32 3560285001 STEREOZOOM MICROSCOPE 0.00 0.00 0.00
32 3446482001 GRINDER GUARD 0.00 0.00 0.00
32 3300980001 BRANSON WELDER 0.00 0.00 0.00
32 4330994001 SHOP VACUMN 8.35 4.18 313.13
32 4123690001 HAND PACKAGING STATION 8.82 4.41 0.00
32 3271379001 ROTO BIN 0.00 0.00 0.00
</TABLE>
11
E-136
<PAGE> 137
Page 12 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3456082001 INCH-METRIC DISPLA 2M3400 2M 21-Oct-83 1,208.29 1,208.29 0.00
32 3995488001 HAND PACKAGING STATION 2M3400 2M 15-Oct-88 667.32 667.32 0.00
32 3428781001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,058.74 1,058.74 0.00
32 3516700001 CHEST FREEZER 2M3400 2M 15-Jul-84 598.00 598.00 0.00
32 3193378001 SCOPE 922R 2M3400 2M 21-Oct-83 1,055.90 1,055.90 0.00
32 3449482001 4 FT REFRIGERATOR 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3497684001 DIGITAL PYROMETER 2M3400 2M 15-Feb-84 513.50 513.50 0.00
32 3464682001 TOOL MAKER MICRSPE 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
32 4371094001 STORAGE CABINET 2M3400 2M 15-Nov-94 702.47 140.50 561.97
32 3624186001 MICROSCOPE 2M3400 2M 15-Jul-86 1,259.20 1,259.20 0.00
32 3439782001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 4301893001 DESIC CABINET 110V 50/60H 2M3400 2M 15-Jul-93 467.80 218.31 249.49
32 3873088001 ULTRASONIC CLEANER 2M3400 2M 15-Jan-88 916.52 916.52 0.00
32 3560185001 STEREOZOOM MICROSCOPE 2M3400 2M 15-May-85 977.99 977.99 0.00
32 4058189001 FORCE GAUGE D-50 2M3400 2M 15-Jul-89 820.00 820.00 0.00
32 3316380001 AIR SCREWDRIVER 2M3400 2M 21-Oct-83 1,021.26 1,021.26 0.00
32 4267493001 AIR CONDITIONER COILS 2M3400 2M 15-Apr-93 16,082.75 8,309.42 7,773.33
32 3313380001 WELD STRENGTH TEST 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 4332194001 STRAPPING TOOL/ELECTRIC 2M3400 2M 15-Jan-94 1,914.12 701.84 1,212.28
32 4195892001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3406281001 REVERSE SCREWDRIVR 2M3400 2M 21-Oct-83 1,047.83 1,047.83 0.00
32 3447382001 ELEC HAND DRYER 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 4353594001 CASE SEALER AUTOMATIC 2M3400 2M 15-Jun-94 5,200.00 1,473.34 3,726.66
32 3883288001 FLUID DISPENSER 2M3400 2M 15-Jan-88 675.23 675.23 0.00
32 4279193001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 4267093001 AIR ANALYSIS METER 2M3400 2M 15-Apr-93 2,076.58 1,072.91 1,003.67
32 4355294001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3840887001 RIBBON LOADING MACHINE 2M3400 2M 15-Nov-87 4,340.00 4,340.00 0.00
32 3167477001 HEIGHT GAGE 18IN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3455882001 CLECO AIR DRIVER 2M3400 2M 21-Oct-83 1,090.86 1,090.86 0.00
32 3298680001 VACUUM DISPENSER 2M3400 2M 21-Oct-83 1,053.37 1,053.37 0.00
32 3512384001 100-LB HOPPER 2M3400 2M 15-May-84 1,746.66 1,746.66 0.00
32 3443582001 HAND TOGGLE PRESS 2M3400 2M 21-Oct-83 31.95 31.95 0.00
32 3451482001 DUKE STEAMTABLE 2M3400 2M 21-Oct-83 766.80 766.80 0.00
32 3570285001 OVEREND DEREELER 484-821B 2M3400 2M 15-Jul-85 828.00 828.00 0.00
32 4127590001 HIPOT TESTER 2M3134 2M 15-Jul-90 2,124.54 2,124.54 0.00
32 3981388001 AIR FILTER 2M3400 2M 15-Aug-88 1,125.27 1,125.27 0.00
32 3687387001 STOCKROOM SHELVING 2M3400 2M 15-Feb-87 4,421.82 4,421.82 0.00
32 3939188001 STEINEL TOGGLE PRESS PHK 2M3400 2M 15-Apr-88 758.55 758.55 0.00
32 3422381001 HAND CRIMPER 90223 2M3400 2M 21-Oct-83 1,058.50 1,058.50 0.00
32 3619886001 MICROSCOPE MDL 2M3400 2M 15-Jun-86 1,259.20 1,259.20 0.00
32 3630786001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3314980001 ELECTRONIC SCALE 2M3400 2M 21-Oct-83 1,278.00 1,278.00 0.00
32 4002688001 REM WELD BREAK STR TESTER 2M3400 2M 15-Nov-88 1,756.57 1,756.57 0.00
32 4370894001 WIRE SHELF CART 48 X 24 2M3400 2M 15-Nov-94 272.13 54.43 217.70
32 3623986001 MICROSCOPE 2M3400 2M 15-Jul-86 1,259.20 1,259.20 0.00
32 3280679001 MARKING TABLE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4374195001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3627486001 MICROSCOPE 2M3400 2M 15-Jul-86 1,172.52 1,172.52 0.00
32 3628086001 1 SET HEAT PLATENS 2M3400 2M 15-Aug-86 3,850.00 3,850.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3456082001 INCH-METRIC DISPLA 0.00 0.00 0.00
32 3995488001 HAND PACKAGING STATION 0.00 0.00 0.00
32 3428781001 HAND CRIMPER 0.00 0.00 0.00
32 3516700001 CHEST FREEZER 0.00 0.00 0.00
32 3193378001 SCOPE 922R 0.00 0.00 0.00
32 3449482001 4 FT REFRIGERATOR 0.00 0.00 0.00
32 3497684001 DIGITAL PYROMETER 0.00 0.00 0.00
32 3464682001 TOOL MAKER MICRSPE 0.00 0.00 0.00
32 4371094001 STORAGE CABINET 11.71 5.85 556.12
32 3624186001 MICROSCOPE 0.00 0.00 0.00
32 3439782001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 4301893001 DESIC CABINET 110V 50/60H 7.80 3.90 245.59
32 3873088001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3560185001 STEREOZOOM MICROSCOPE 0.00 0.00 0.00
32 4058189001 FORCE GAUGE D-50 0.00 0.00 0.00
32 3316380001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4267493001 AIR CONDITIONER COILS 268.05 134.02 7,639.31
32 3313380001 WELD STRENGTH TEST 0.00 0.00 0.00
32 4332194001 STRAPPING TOOL/ELECTRIC 31.90 15.95 1,196.33
32 4195892001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3406281001 REVERSE SCREWDRIVR 0.00 0.00 0.00
32 3447382001 ELEC HAND DRYER 0.00 0.00 0.00
32 4353594001 CASE SEALER AUTOMATIC 86.67 43.33 3,683.33
32 3883288001 FLUID DISPENSER 0.00 0.00 0.00
32 4279193001 WIRE SHELF CART 4.17 2.09 127.16
32 4267093001 AIR ANALYSIS METER 34.61 17.31 986.37
32 4355294001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3840887001 RIBBON LOADING MACHINE 0.00 0.00 0.00
32 3167477001 HEIGHT GAGE 18IN 0.00 0.00 0.00
32 3455882001 CLECO AIR DRIVER 0.00 0.00 0.00
32 3298680001 VACUUM DISPENSER 0.00 0.00 0.00
32 3512384001 100-LB HOPPER 0.00 0.00 0.00
32 3443582001 HAND TOGGLE PRESS 0.00 0.00 0.00
32 3451482001 DUKE STEAMTABLE 0.00 0.00 0.00
32 3570285001 OVEREND DEREELER 484-821B 0.00 0.00 0.00
32 4127590001 HIPOT TESTER 22.92 11.46 0.00
32 3981388001 AIR FILTER 0.00 0.00 0.00
32 3687387001 STOCKROOM SHELVING 0.00 0.00 0.00
32 3939188001 STEINEL TOGGLE PRESS PHK 0.00 0.00 0.00
32 3422381001 HAND CRIMPER 90223 0.00 0.00 0.00
32 3619886001 MICROSCOPE MDL 0.00 0.00 0.00
32 3630786001 DOLLY CARTS 0.00 0.00 0.00
32 3314980001 ELECTRONIC SCALE 0.00 0.00 0.00
32 4002688001 REM WELD BREAK STR TESTER 0.00 0.00 0.00
32 4370894001 WIRE SHELF CART 48 X 24 4.54 2.27 215.43
32 3623986001 MICROSCOPE 0.00 0.00 0.00
32 3280679001 MARKING TABLE 0.00 0.00 0.00
32 4374195001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3627486001 MICROSCOPE 0.00 0.00 0.00
32 3628086001 1 SET HEAT PLATENS 0.00 0.00 0.00
</TABLE>
12
E-137
<PAGE> 138
Page 13 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 4057989001 SAFETY CABINET #5530 2M3400 2M 15-Jul-89 593.68 593.68 0.00
32 3598385001 20KVA AC POWER CONDITIONE 2M3400 2M 15-Dec-85 2,800.00 2,800.00 0.00
32 3497784001 OVEREND DEREELER 2M3400 2M 15-Apr-84 1,069.00 1,069.00 0.00
32 3333280001 HUNTER FORCE GAGE 2M3400 2M 21-Oct-83 1,024.85 1,024.85 0.00
32 3371481001 HOPPER MAGNET 2M3400 2M 21-Oct-83 1,088.17 1,088.17 0.00
32 3603486001 20# CO2 FIRE EXTINGUISHER 2M3400 2M 15-Feb-86 248.00 248.00 0.00
32 4331994001 AC PALLET LIFT - AFTON 2M3400 2M 15-Jan-94 2,560.00 725.33 1,834.67
32 4278993001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3579185001 ECONO FLOW HOOD SUPPORT 2M3400 2M 15-Aug-85 300.73 300.73 0.00
32 3322580001 39 SHELVING UNITS 2M3400 2M 21-Oct-83 1,521.87 1,521.87 0.00
32 3323380001 ME-484 DEREELER 2M3400 2M 21-Oct-83 1,141.55 1,141.55 0.00
32 3619386001 MICROSCOPE 2M3400 2M 15-Jun-86 740.83 740.83 0.00
32 3439982001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 3464782001 DIGITAL READOUT 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3456382001 HYTROL CONVEYOR 2M3400 2M 21-Oct-83 1,624.94 1,624.94 0.00
32 3795687001 SWIFT MICROSCOPE 2M3400 2M 15-Jul-87 627.75 627.75 0.00
32 4373995001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3668986001 MULTIPLEXER 2M3400 2M 15-Dec-86 4,120.00 4,120.00 0.00
32 3630086001 DOLLY CARTS3 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4356494001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4006588001 OSCILLOSCOPE 2M3400 2M 15-Dec-88 553.95 553.95 0.00
32 3651186001 BRANSON ULTRANSONIC CLEAN 2M3400 2M 15-Sep-86 335.27 335.27 0.00
32 3804787001 ELECTRONIC COUNT SCALE 2M3400 2M 15-Aug-87 945.00 945.00 0.00
32 3055676001 OSCILLOSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 4280993001 HOODED CLEANING STATION 2M3400 2M 15-Jun-93 378.00 182.70 195.30
32 3281980001 CTM TESTER 2M3400 2M 21-Oct-83 255.60 255.60 0.00
32 3580485001 REFRIGERATED PIE SHELF 2M3400 2M 15-Sep-85 923.71 923.71 0.00
32 3983688001 EXIDE BATTERY 2M3400 2M 15-Sep-88 3,290.25 3,290.25 0.00
32 3423181001 COMPRESSOR 2M3400 2M 21-Oct-83 1,250.61 1,250.61 0.00
32 3322280001 WIRE PARTITION 2M3400 2M 21-Oct-83 1,197.54 1,197.54 0.00
32 3581185001 INGREDIENT BIN (3 OF 4) 2M3400 2M 15-Sep-85 253.67 253.67 0.00
32 4295193001 PROGRAM PRINTER 2M3400 2M 15-Jul-93 258.52 120.64 137.88
32 3453282001 WIRE SHELF CART 2M3400 2M 21-Oct-83 1,114.74 1,114.74 0.00
32 3578985001 ECONO FLOW HOOD SUPPORT 2M3400 2M 15-Aug-85 300.73 300.73 0.00
32 3619686001 MICROSCOPE MDL 419999 2M 15-Jun-86 1,259.20 1,259.20 0.00
32 4031989001 AIR SCREWDRIVER 2M3400 2M 15-May-89 305.00 305.00 0.00
32 3940988001 CONVEYOR SYSTEM 2M3400 2M 15-Apr-88 1,006.54 1,006.54 0.00
32 4370294001 DRI PLUS DRYER - AIR 2M3400 2M 15-Nov-94 849.99 170.00 679.99
32 3461782001 45 KVA TRANSFORMER 2M3400 2M 21-Oct-83 1,403.32 1,403.32 0.00
32 3795787001 SWIFT MICROSCOPE 2M3400 2M 15-Jul-87 627.75 627.75 0.00
32 3315080001 ELECTRONIC SCALE 2M3400 2M 21-Oct-83 1,278.00 1,278.00 0.00
32 3581485001 3-COMPARTMENT SINK 2M3400 2M 15-Sep-85 1,242.34 1,242.34 0.00
32 3456282001 HAND DRYER 2M3400 2M 21-Oct-83 1,084.99 1,084.99 0.00
32 4340794001 IR AIR DRIVER 3RLNC1 2M3268 2M 15-Apr-94 349.65 110.72 238.93
32 3433581001 STORAGE CABINET 2M3400 2M 21-Oct-83 1,105.30 1,105.30 0.00
32 3290080001 PRESS AND DIE 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3647286001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3278979001 ASSEMBLY CAROUSEL 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4136590001 EFD FLUID DISPENSERS 2M3400 2M 15-Oct-90 823.50 823.50 0.00
32 4373595001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 4057989001 SAFETY CABINET #5530 0.00 0.00 0.00
32 3598385001 20KVA AC POWER CONDITIONE 0.00 0.00 0.00
32 3497784001 OVEREND DEREELER 0.00 0.00 0.00
32 3333280001 HUNTER FORCE GAGE 0.00 0.00 0.00
32 3371481001 HOPPER MAGNET 0.00 0.00 0.00
32 3603486001 20# CO2 FIRE EXTINGUISHER 0.00 0.00 0.00
32 4331994001 AC PALLET LIFT - AFTON 42.67 21.33 1,813.34
32 4278993001 WIRE SHELF CART 4.17 2.09 127.16
32 3579185001 ECONO FLOW HOOD SUPPORT 0.00 0.00 0.00
32 3322580001 39 SHELVING UNITS 0.00 0.00 0.00
32 3323380001 ME-484 DEREELER 0.00 0.00 0.00
32 3619386001 MICROSCOPE 0.00 0.00 0.00
32 3439982001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 3464782001 DIGITAL READOUT 0.00 0.00 0.00
32 3456382001 HYTROL CONVEYOR 0.00 0.00 0.00
32 3795687001 SWIFT MICROSCOPE 0.00 0.00 0.00
32 4373995001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3668986001 MULTIPLEXER 0.00 0.00 0.00
32 3630086001 DOLLY CARTS3 0.00 0.00 0.00
32 4356494001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4006588001 OSCILLOSCOPE 0.00 0.00 0.00
32 3651186001 BRANSON ULTRANSONIC CLEAN 0.00 0.00 0.00
32 3804787001 ELECTRONIC COUNT SCALE 0.00 0.00 0.00
32 3055676001 OSCILLOSCOPE 0.00 0.00 0.00
32 4280993001 HOODED CLEANING STATION 6.30 3.15 192.15
32 3281980001 CTM TESTER 0.00 0.00 0.00
32 3580485001 REFRIGERATED PIE SHELF 0.00 0.00 0.00
32 3983688001 EXIDE BATTERY 0.00 0.00 0.00
32 3423181001 COMPRESSOR 0.00 0.00 0.00
32 3322280001 WIRE PARTITION 0.00 0.00 0.00
32 3581185001 INGREDIENT BIN (3 OF 4) 0.00 0.00 0.00
32 4295193001 PROGRAM PRINTER 4.31 2.15 135.73
32 3453282001 WIRE SHELF CART 0.00 0.00 0.00
32 3578985001 ECONO FLOW HOOD SUPPORT 0.00 0.00 0.00
32 3619686001 MICROSCOPE MDL 0.00 0.00 0.00
32 4031989001 AIR SCREWDRIVER 0.00 0.00 0.00
32 3940988001 CONVEYOR SYSTEM 0.00 0.00 0.00
32 4370294001 DRI PLUS DRYER - AIR 14.17 7.08 672.91
32 3461782001 45 KVA TRANSFORMER 0.00 0.00 0.00
32 3795787001 SWIFT MICROSCOPE 0.00 0.00 0.00
32 3315080001 ELECTRONIC SCALE 0.00 0.00 0.00
32 3581485001 3-COMPARTMENT SINK 0.00 0.00 0.00
32 3456282001 HAND DRYER 0.00 0.00 0.00
32 4340794001 IR AIR DRIVER 3RLNC1 5.83 2.91 236.02
32 3433581001 STORAGE CABINET 0.00 0.00 0.00
32 3290080001 PRESS AND DIE 0.00 0.00 0.00
32 3647286001 3-SHELF CARTS 0.00 0.00 0.00
32 3278979001 ASSEMBLY CAROUSEL 0.00 0.00 0.00
32 4136590001 EFD FLUID DISPENSERS 15.36 7.68 0.00
32 4373595001 WIRE SHELF CART 48X24 4.43 2.22 215.00
</TABLE>
13
E-138
<PAGE> 139
Page 14 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3955288001 AIR SCREWDRIVER--DRESSER 2M3400 2M 15-Jun-88 495.00 495.00 0.00
32 4189192001 ELECTRIC TAPE MACHINE 2M3400 2M 15-Sep-92 895.00 566.84 328.16
32 4370694001 WIRE SHELF CART 48 X 24 2M3400 2M 15-Nov-94 272.12 54.43 217.69
32 3578085001 3525 GAL WATER TANK 2M3400 2M 15-Aug-85 3,839.00 3,839.00 0.00
32 3443182001 1 GAL DISPENS SYST 2M3400 2M 21-Oct-83 1,266.18 1,266.18 0.00
32 3192978001 SCOPE 922R 2M3400 2M 21-Oct-83 702.90 702.90 0.00
32 3422781001 COMPRESSOR 2M3400 2M 21-Oct-83 1,250.61 1,250.61 0.00
32 3464582001 ULTRASONIC CLEANER 2M3400 2M 21-Oct-83 127.80 127.80 0.00
32 4354194001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3605886001 HI TECHSTATION COMPLETE 2M3400 2M 15-Apr-86 3,000.72 3,000.72 0.00
32 3580985001 INGREDIENT BIN (1 OF 4) 2M3400 2M 15-Sep-85 253.67 253.67 0.00
32 4278593001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3507084001 TIME CLOCK 2M3400 2M 15-Mar-84 783.10 783.10 0.00
32 3300380001 DOCK LEVELER 2M3400 2M 21-Oct-83 1,356.58 1,356.58 0.00
32 3630486001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3336580001 AIR DRIVER 2M3400 2M 21-Oct-83 1,025.93 1,025.93 0.00
32 3417781001 25 IN COLOR TV 2M3400 2M 21-Oct-83 1,104.43 1,104.43 0.00
32 C0005845 PORTABLE DATA SOURCE 2M3400 2M 15-Feb-87 500.10 500.10 0.00
32 3323180001 ME-484 DEREELER 2M3400 2M 21-Oct-83 1,141.55 1,141.55 0.00
32 3585085001 MILK DISPENSER 2M3400 2M 15-Sep-85 1,836.75 1,836.75 0.00
32 3314880001 ELECTRONIC SCALE 2M3400 2M 21-Oct-83 1,278.00 1,278.00 0.00
32 3343480001 SIMPSON 464A DMM 2M3400 2M 21-Oct-83 63.90 63.90 0.00
32 4035889001 DISPENSER--EFD 2M3400 2M 15-May-89 829.46 829.46 0.00
32 3465682001 ULTRASONIC CLEANER 2M3400 2M 21-Oct-83 575.10 575.10 0.00
32 4188992001 MOKON WATER UNIT W/DOLLY 2M3400 2M 15-Sep-92 3,106.15 1,967.23 1,138.92
32 3453382001 WIRE SHELF CART 2M3400 2M 21-Oct-83 1,114.74 1,114.74 0.00
32 3627386001 MICROSCOPE 2M3400 2M 15-Jul-86 1,172.52 1,172.52 0.00
32 3580085001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 3314680001 SHELVING-REPUBLIC 2M3400 2M 21-Oct-83 1,163.68 1,163.68 0.00
32 3663386001 SCALE 2M3400 2M 15-Dec-86 1,442.66 1,442.66 0.00
32 3341780001 SECURITY FENCE SYS 2M3400 2M 21-Oct-83 1,577.05 1,577.05 0.00
32 3624286001 MICROSCOPE 2M3400 2M 15-Jul-86 1,259.20 1,259.20 0.00
32 4136390001 EFD FLUID DISPENSERS 2M3400 2M 15-Oct-90 823.50 823.50 0.00
32 3451582001 EXHAUST HOOD 2M3400 2M 21-Oct-83 1,236.50 1,236.50 0.00
32 3447082001 ELEC HAND DRYER 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 3120177001 UNIVERSAL COUNTER 2M3001 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4355694001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4353994001 WORK TABLE PLATIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4280593001 BULK TONER FEEDER 2M3400 2M 15-Jun-93 3,850.00 1,860.83 1,989.17
32 3150777001 SIMPSON 464 T340 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3506884001 ULTRASONIC CLEANER 2M3400 2M 15-Mar-84 783.00 783.00 0.00
32 3560085001 STEREOZOOM MICROSCOPE 2M3400 2M 15-May-85 977.98 977.98 0.00
32 3381281001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 255.60 255.60 0.00
32 3584885001 MIXER & ACCESSORIES 2M3400 2M 15-Sep-85 2,621.00 2,621.00 0.00
32 4276693001 INSTAPACKER - SYSTEMS 2M3400 2M 15-Jun-93 1,912.56 924.41 988.15
32 4353194001 SCREWDRIVER SP2406 PNEU 2M3400 2M 15-Jun-94 515.00 145.91 369.09
32 4301793001 DESIC CABINET 110V 50/60H 2M3400 2M 15-Jul-93 467.80 218.31 249.49
32 M00000604 TOSHIBA ER 741 BT MICROWA 2M3400 2M 15-Feb-87 325.25 325.25 0.00
32 4036088001 ENERPAC PUMP 2M3400 2M 15-Mar-89 2,871.33 2,871.33 0.00
32 3626386001 MICROSCOPE 2M3400 2M 15-Jul-86 740.90 740.90 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3955288001 AIR SCREWDRIVER--DRESSER 0.00 0.00 0.00
32 4189192001 ELECTRIC TAPE MACHINE 14.92 7.46 320.70
32 4370694001 WIRE SHELF CART 48 X 24 4.54 2.27 215.42
32 3578085001 3525 GAL WATER TANK 0.00 0.00 0.00
32 3443182001 1 GAL DISPENS SYST 0.00 0.00 0.00
32 3192978001 SCOPE 922R 0.00 0.00 0.00
32 3422781001 COMPRESSOR 0.00 0.00 0.00
32 3464582001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 4354194001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3605886001 HI TECHSTATION COMPLETE 0.00 0.00 0.00
32 3580985001 INGREDIENT BIN (1 OF 4) 0.00 0.00 0.00
32 4278593001 WIRE SHELF CART 4.17 2.09 127.16
32 3507084001 TIME CLOCK 0.00 0.00 0.00
32 3300380001 DOCK LEVELER 0.00 0.00 0.00
32 3630486001 DOLLY CARTS 0.00 0.00 0.00
32 3336580001 AIR DRIVER 0.00 0.00 0.00
32 3417781001 25 IN COLOR TV 0.00 0.00 0.00
32 C0005845 PORTABLE DATA SOURCE 0.00 0.00 0.00
32 3323180001 ME-484 DEREELER 0.00 0.00 0.00
32 3585085001 MILK DISPENSER 0.00 0.00 0.00
32 3314880001 ELECTRONIC SCALE 0.00 0.00 0.00
32 3343480001 SIMPSON 464A DMM 0.00 0.00 0.00
32 4035889001 DISPENSER--EFD 0.00 0.00 0.00
32 3465682001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 4188992001 MOKON WATER UNIT W/DOLLY 51.77 25.88 1,113.04
32 3453382001 WIRE SHELF CART 0.00 0.00 0.00
32 3627386001 MICROSCOPE 0.00 0.00 0.00
32 3580085001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 3314680001 SHELVING-REPUBLIC 0.00 0.00 0.00
32 3663386001 SCALE 0.00 0.00 0.00
32 3341780001 SECURITY FENCE SYS 0.00 0.00 0.00
32 3624286001 MICROSCOPE 0.00 0.00 0.00
32 4136390001 EFD FLUID DISPENSERS 15.36 7.68 0.00
32 3451582001 EXHAUST HOOD 0.00 0.00 0.00
32 3447082001 ELEC HAND DRYER 0.00 0.00 0.00
32 3120177001 UNIVERSAL COUNTER 0.00 0.00 0.00
32 4355694001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4353994001 WORK TABLE PLATIC LAMINATED 3.62 1.81 153.95
32 4280593001 BULK TONER FEEDER 64.17 32.08 1,957.09
32 3150777001 SIMPSON 464 T340 0.00 0.00 0.00
32 3506884001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3560085001 STEREOZOOM MICROSCOPE 0.00 0.00 0.00
32 3381281001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3584885001 MIXER & ACCESSORIES 0.00 0.00 0.00
32 4276693001 INSTAPACKER - SYSTEMS 31.88 15.94 972.21
32 4353194001 SCREWDRIVER SP2406 PNEU 8.58 4.29 364.80
32 4301793001 DESIC CABINET 110V 50/60H 7.80 3.90 245.59
32 M00000604 TOSHIBA ER 741 BT MICROWA 0.00 0.00 0.00
32 4036088001 ENERPAC PUMP 0.00 0.00 0.00
32 3626386001 MICROSCOPE 0.00 0.00 0.00
</TABLE>
14
E-139
<PAGE> 140
Page 15 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3462182001 ULTRASONIC CLEANER 2M3400 2M 21-Oct-83 575.10 575.10 0.00
32 3573785001 PROP DISPENSING PUMP 2M3400 2M 15-Jul-85 1,484.33 1,484.33 0.00
32 3603386001 20# CO2 FIRE EXTINGUISHER 2M3400 2M 15-Feb-86 248.00 248.00 0.00
32 3790787001 DEMAGNETIZER 2M3400 2M 15-Jul-87 386.24 386.24 0.00
32 3582185001 FOUR-SEATER TABLE 2M3400 2M 15-Sep-85 270.27 270.27 0.00
32 3152377001 SIMPSON 464 TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3579985001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 3280579001 DEREELER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3247279001 AIR GAGE 2M3400 2M 21-Oct-83 1,077.32 1,077.32 0.00
32 3627186001 MICROSCOPE 2M3400 2M 15-Jul-86 1,172.53 1,172.53 0.00
32 3446882001 2 MOLD + DIE RACKS 2M3400 2M 21-Oct-83 1,917.00 1,917.00 0.00
32 3616386001 MAHR BORE GAGE SET-UP 2M3400 2M 15-Jun-86 227.30 227.30 0.00
32 4124190001 ROTARY FLOOR BUFF.(TOMCAT 2M3400 2M 15-Jun-90 882.11 882.11 0.00
32 3211278001 TEK T922 SCOPE 2M3400 2M 21-Oct-83 1,054.46 1,054.46 0.00
32 3174077001 SCOPE 2M3400 2M 21-Oct-83 652.42 652.42 0.00
32 3132977001 465 OSCILLOSCOPE 2M2120 2M 21-Oct-83 1,304.84 1,304.84 0.00
32 3939888001 RESISTENCE WELDER 2M3400 2M 15-Apr-88 5,696.03 5,696.03 0.00
32 3287480001 CRIMP MACHINE 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3624086001 MICROSCOPE 2M3400 2M 15-Jul-86 1,259.20 1,259.20 0.00
32 3496684001 HYTROL CONVEYOR 2M3400 2M 15-Apr-84 4,665.40 4,665.40 0.00
32 4352994001 SCREWDRIVER SP2406 PNEU 2M3400 2M 15-Jun-94 522.56 148.07 374.49
32 3385181001 SOLA REGULATOR 2M3400 2M 21-Oct-83 1,043.74 1,043.74 0.00
32 3832287001 DIP TANK 2M3400 2M 15-Oct-87 305.04 305.04 0.00
32 4078489001 NOVA 750 TUMBLING MACHINE 2M3400 2M 15-Sep-89 1,284.75 1,284.75 0.00
32 3629486001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3631186001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 7319773001 1707 SCOPE 1325A02 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3353781001 COMPRESSOR RETURND 2M3400 2M 21-Oct-83 1,060.73 1,060.73 0.00
32 3581985001 FOUR-SEATER TABLE 2M3400 2M 15-Sep-85 270.28 270.28 0.00
32 4357094001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3336280001 AIR DRIVER 2M3400 2M 21-Oct-83 1,025.93 1,025.93 0.00
32 3436582001 MOLD TRANSDUCER 2M3400 2M 21-Oct-83 1,194.66 1,194.66 0.00
32 3316880001 TIME CLOCK 2M3400 2M 21-Oct-83 479.25 479.25 0.00
32 3464982001 WIRE STRIPPER 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3583785001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.87 417.87 0.00
32 3353881001 COMPRESSOR RETURND 2M3400 2M 21-Oct-83 1,060.73 1,060.73 0.00
32 3297680001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,047.46 1,047.46 0.00
32 3630186001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 M00000609 STAND S.S. 60INX30INX22IN 2M3400 2M 15-Feb-87 250.30 250.30 0.00
32 4136690001 EFD FLUID DISPENSERS 2M3400 2M 15-Oct-90 823.50 823.50 0.00
32 7412674001 RN-201 BRACKER RIV 2M3128 2M 21-Oct-83 2,760.48 2,760.48 0.00
32 3345280001 917-932 MICROSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3648386001 PALLET TRUCK W/BATTERY CH 2M3400 2M 15-Sep-86 2,959.06 2,959.06 0.00
32 3507784001 TIME RECORDER 2M3400 2M 15-Apr-84 1,149.04 1,149.04 0.00
32 4128090001 SPIREX STARVE FEEDER 2M3400 2M 15-Jul-90 2,812.66 2,812.66 0.00
32 4073689001 SWIFT MICROSCOPE M818802B 2M3400 2M 15-Sep-89 801.75 801.75 0.00
32 3439882001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 3505684001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3623886001 MICROSCOPE 2M3400 2M 15-Jul-86 1,259.20 1,259.20 0.00
32 3421781001 HAND CRIMPER 90268 2M3400 2M 21-Oct-83 1,067.16 1,067.16 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3462182001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3573785001 PROP DISPENSING PUMP 0.00 0.00 0.00
32 3603386001 20# CO2 FIRE EXTINGUISHER 0.00 0.00 0.00
32 3790787001 DEMAGNETIZER 0.00 0.00 0.00
32 3582185001 FOUR-SEATER TABLE 0.00 0.00 0.00
32 3152377001 SIMPSON 464 TN30 0.00 0.00 0.00
32 3579985001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 3280579001 DEREELER 0.00 0.00 0.00
32 3247279001 AIR GAGE 0.00 0.00 0.00
32 3627186001 MICROSCOPE 0.00 0.00 0.00
32 3446882001 2 MOLD + DIE RACKS 0.00 0.00 0.00
32 3616386001 MAHR BORE GAGE SET-UP 0.00 0.00 0.00
32 4124190001 ROTARY FLOOR BUFF.(TOMCAT 8.02 4.01 0.00
32 3211278001 TEK T922 SCOPE 0.00 0.00 0.00
32 3174077001 SCOPE 0.00 0.00 0.00
32 3132977001 465 OSCILLOSCOPE 0.00 0.00 0.00
32 3939888001 RESISTENCE WELDER 0.00 0.00 0.00
32 3287480001 CRIMP MACHINE 0.00 0.00 0.00
32 3624086001 MICROSCOPE 0.00 0.00 0.00
32 3496684001 HYTROL CONVEYOR 0.00 0.00 0.00
32 4352994001 SCREWDRIVER SP2406 PNEU 8.71 4.36 370.14
32 3385181001 SOLA REGULATOR 0.00 0.00 0.00
32 3832287001 DIP TANK 0.00 0.00 0.00
32 4078489001 NOVA 750 TUMBLING MACHINE 0.00 0.00 0.00
32 3629486001 DOLLY CARTS 0.00 0.00 0.00
32 3631186001 DOLLY CARTS 0.00 0.00 0.00
32 7319773001 1707 SCOPE 1325A02 0.00 0.00 0.00
32 3353781001 COMPRESSOR RETURND 0.00 0.00 0.00
32 3581985001 FOUR-SEATER TABLE 0.00 0.00 0.00
32 4357094001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3336280001 AIR DRIVER 0.00 0.00 0.00
32 3436582001 MOLD TRANSDUCER 0.00 0.00 0.00
32 3316880001 TIME CLOCK 0.00 0.00 0.00
32 3464982001 WIRE STRIPPER 0.00 0.00 0.00
32 3583785001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3353881001 COMPRESSOR RETURND 0.00 0.00 0.00
32 3297680001 HAND CRIMPER 0.00 0.00 0.00
32 3630186001 DOLLY CARTS 0.00 0.00 0.00
32 M00000609 STAND S.S. 60INX30INX22IN 0.00 0.00 0.00
32 4136690001 EFD FLUID DISPENSERS 15.36 7.68 0.00
32 7412674001 RN-201 BRACKER RIV 0.00 0.00 0.00
32 3345280001 917-932 MICROSCOPE 0.00 0.00 0.00
32 3648386001 PALLET TRUCK W/BATTERY CH 0.00 0.00 0.00
32 3507784001 TIME RECORDER 0.00 0.00 0.00
32 4128090001 SPIREX STARVE FEEDER 32.92 16.46 0.00
32 4073689001 SWIFT MICROSCOPE M818802B 0.00 0.00 0.00
32 3439882001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 3505684001 WORKBENCH 0.00 0.00 0.00
32 3623886001 MICROSCOPE 0.00 0.00 0.00
32 3421781001 HAND CRIMPER 90268 0.00 0.00 0.00
</TABLE>
15
E-140
<PAGE> 141
Page 16 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3427581001 TORQUE WATCH 2M3400 2M 21-Oct-83 1,076.69 1,076.69 0.00
32 3630986001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3455782001 CLECO AIR DRIVER 2M3400 2M 21-Oct-83 1,090.86 1,090.86 0.00
32 4370794001 WIRE SHELF CART 48 X 24 2M3400 2M 15-Nov-94 272.12 54.43 217.69
32 3507884001 TIME RECORDER 2M3400 2M 15-Apr-84 1,149.03 1,149.03 0.00
32 3741787001 WIRE STRIPPER 2M3400 2M 15-Mar-87 498.00 498.00 0.00
32 4124090001 ROTARY FLOOR BUFF.(TOMCAT 2M3400 2M 15-Jun-90 888.58 888.58 0.00
32 3632286001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4356894001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4423695001 SETRA ELECTRONIC SCALE-55LB 2M3400 2M 15-Jul-95 1,265.30 84.36 1,180.94
32 3305680001 WH106A DEREELER 2M3400 2M 21-Oct-83 1,035.45 1,035.45 0.00
32 3742387001 TEMPERATURE CONTROLLERS 2M3400 2M 15-Mar-87 2,149.09 2,149.09 0.00
32 3507384001 PRESS SERIES B4 2M3400 2M 15-Mar-84 5,468.57 5,468.57 0.00
32 3353280001 GRANULATOR 2M3802 2M 21-Oct-83 1,986.59 1,986.59 0.00
32 M00000637 TOLEDO PLATFORM SCALE 4FT 2M3400 2M 15-Feb-87 4,000.25 4,000.25 0.00
32 3455682001 CLECO AIR DRIVER 2M3400 2M 21-Oct-83 1,090.86 1,090.86 0.00
32 4354494001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3488783006 HOR/VERT BANDSAW 2M3400 2M 21-Oct-83 206.61 206.61 0.00
32 3512484001 THORESON LOADER 2M3400 2M 15-May-84 745.00 745.00 0.00
32 3351580001 VAPOR DEGREASER 419999 2M 21-Oct-83 766.80 766.80 0.00
32 3937488001 DATAPROCESSOR-MITUTOYA 2M3400 2M 15-Apr-88 252.65 252.65 0.00
32 3418681001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,182.68 1,182.68 0.00
32 3622986001 DEREELER 2M3400 2M 15-Jul-86 1,244.49 1,244.49 0.00
32 3025375001 MICROSCOPE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4369994001 TONER TORIT VS-1200 2M3400 2M 15-Nov-94 3,064.59 612.92 2,451.67
32 3608786001 CABINET 2M3400 2M 15-May-86 546.00 546.00 0.00
32 3647086001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3293380001 NCI COUNTING SCALE 2M3400 2M 21-Oct-83 1,278.00 1,278.00 0.00
32 3427781001 TRIGGER ACTIONTOOL 2M3400 2M 21-Oct-83 1,100.04 1,100.04 0.00
32 H0001193 HARIG SUPER 618 HYD SURFA 2M3400 2M 15-Feb-87 4,400.20 4,400.20 0.00
32 3882788001 RIBBON STUFFER W/PLATE 2M3400 2M 15-Jan-88 3,693.64 3,693.64 0.00
32 3333580001 15 PSI DISPENSER 2M3400 2M 21-Oct-83 1,039.62 1,039.62 0.00
32 3388881001 RCKWEL DRILL PRESS 2M3400 2M 21-Oct-83 225.57 225.57 0.00
32 3283480001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,028.48 1,028.48 0.00
32 3422681001 PUSH PULL TESTER 2M3400 2M 21-Oct-83 1,072.70 1,072.70 0.00
32 4278693001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3579685001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 4301693001 DESIC CABINET 110V 50/60H 2M3400 2M 15-Jul-93 471.74 220.14 251.60
32 4001688001 BRONSON ULTRASONIC CLEANE 2M3400 2M 15-Nov-88 349.84 349.84 0.00
32 3583585001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.87 417.87 0.00
32 3442482001 SOLDER VAC-KIT 2M3400 2M 21-Oct-83 1,131.03 1,131.03 0.00
32 3339980001 CARBIDE HORN 2M3400 2M 21-Oct-83 1,118.19 1,118.19 0.00
32 4049589001 SWIFT MICROSCOPE M8802B 2M3400 2M 15-Jun-89 708.80 708.80 0.00
32 3421581001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,099.24 1,099.24 0.00
32 3152277001 SIMPSON 464 TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4049989001 SWIFT MICROSCOPEM8808802B 419999 2M 15-Jun-89 717.38 717.38 0.00
32 C0005975 ULTRASONIC CLEANER 2M3400 2M 15-Feb-87 1,200.15 1,200.15 0.00
32 3338480001 13 SHELF UNITS 2M3400 2M 21-Oct-83 1,185.73 1,185.73 0.00
32 M00000590 DAKE #Y BENCH ARBOR PRESS 2M3400 2M 15-Feb-87 325.20 325.20 0.00
32 3646886001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3427581001 TORQUE WATCH 0.00 0.00 0.00
32 3630986001 DOLLY CARTS 0.00 0.00 0.00
32 3455782001 CLECO AIR DRIVER 0.00 0.00 0.00
32 4370794001 WIRE SHELF CART 48 X 24 4.54 2.27 215.42
32 3507884001 TIME RECORDER 0.00 0.00 0.00
32 3741787001 WIRE STRIPPER 0.00 0.00 0.00
32 4124090001 ROTARY FLOOR BUFF.(TOMCAT 8.08 4.04 0.00
32 3632286001 DOLLY CARTS 0.00 0.00 0.00
32 4356894001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4423695001 SETRA ELECTRONIC SCALE-55LB 7.67 3.83 1,177.11
32 3305680001 WH106A DEREELER 0.00 0.00 0.00
32 3742387001 TEMPERATURE CONTROLLERS 0.00 0.00 0.00
32 3507384001 PRESS SERIES B4 0.00 0.00 0.00
32 3353280001 GRANULATOR 0.00 0.00 0.00
32 M00000637 TOLEDO PLATFORM SCALE 4FT 0.00 0.00 0.00
32 3455682001 CLECO AIR DRIVER 0.00 0.00 0.00
32 4354494001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3488783006 HOR/VERT BANDSAW 0.00 0.00 0.00
32 3512484001 THORESON LOADER 0.00 0.00 0.00
32 3351580001 VAPOR DEGREASER 0.00 0.00 0.00
32 3937488001 DATAPROCESSOR-MITUTOYA 0.00 0.00 0.00
32 3418681001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3622986001 DEREELER 0.00 0.00 0.00
32 3025375001 MICROSCOPE 0.00 0.00 0.00
32 4369994001 TONER TORIT VS-1200 51.08 25.54 2,426.13
32 3608786001 CABINET 0.00 0.00 0.00
32 3647086001 3-SHELF CARTS 0.00 0.00 0.00
32 3293380001 NCI COUNTING SCALE 0.00 0.00 0.00
32 3427781001 TRIGGER ACTIONTOOL 0.00 0.00 0.00
32 H0001193 HARIG SUPER 618 HYD SURFA 0.00 0.00 0.00
32 3882788001 RIBBON STUFFER W/PLATE 0.00 0.00 0.00
32 3333580001 15 PSI DISPENSER 0.00 0.00 0.00
32 3388881001 RCKWEL DRILL PRESS 0.00 0.00 0.00
32 3283480001 HAND CRIMPER 0.00 0.00 0.00
32 3422681001 PUSH PULL TESTER 0.00 0.00 0.00
32 4278693001 WIRE SHELF CART 4.17 2.09 127.16
32 3579685001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 4301693001 DESIC CABINET 110V 50/60H 7.86 3.93 247.67
32 4001688001 BRONSON ULTRASONIC CLEANE 0.00 0.00 0.00
32 3583585001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3442482001 SOLDER VAC-KIT 0.00 0.00 0.00
32 3339980001 CARBIDE HORN 0.00 0.00 0.00
32 4049589001 SWIFT MICROSCOPE M8802B 0.00 0.00 0.00
32 3421581001 HAND CRIMPER 0.00 0.00 0.00
32 3152277001 SIMPSON 464 TN30 0.00 0.00 0.00
32 4049989001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 C0005975 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3338480001 13 SHELF UNITS 0.00 0.00 0.00
32 M00000590 DAKE #Y BENCH ARBOR PRESS 0.00 0.00 0.00
32 3646886001 3-SHELF CARTS 0.00 0.00 0.00
</TABLE>
16
E-141
<PAGE> 142
Page 17 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3647486001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3583485001 FOOD SLICER 2M3400 2M 15-Sep-85 849.40 849.40 0.00
32 3622886001 DEREELER 2M3400 2M 15-Jul-86 1,244.49 1,244.49 0.00
32 4280693001 HOODED CLEANING STATION 2M3400 2M 15-Jun-93 378.00 182.70 195.30
32 6201362001 MILLING MACHINE 2M3400 2M 21-Oct-83 2,108.06 2,108.06 0.00
32 3581685001 WORK TABLE/DRINK AREA 2M3400 2M 15-Sep-85 969.02 969.02 0.00
32 3643986001 ELECTRONIC COUNTING SCALE 2M3400 2M 15-Sep-86 995.00 995.00 0.00
32 3336680001 AIR DRIVER 2M3400 2M 21-Oct-83 1,025.93 1,025.93 0.00
32 4355494001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3341980001 STEEL GRID DECKING 2M3400 2M 21-Oct-83 1,951.70 1,951.70 0.00
32 3309179001 ME 483 DEREELER 2M3400 2M 21-Oct-83 1,069.45 1,069.45 0.00
32 3506084001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 4005588001 AFF WHEELED FIRE EXTINGUI 2M3400 2M 15-Dec-88 2,700.00 2,700.00 0.00
32 4127690001 TORQUE AIR SCREWDRIVER 2M3134 2M 15-Jul-90 586.93 586.93 0.00
32 3587485001 ELECTRIC RANGE 2M3400 2M 15-Oct-85 1,991.59 1,991.59 0.00
32 4279293001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3562385001 ACCELEROMETER KIT 2M3400 2M 15-Jun-85 482.50 482.50 0.00
32 3646186001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3495984001 WIREWAY PANEL ENCL 2M3400 2M 15-Feb-84 3,191.32 3,191.32 0.00
32 3485183001 METRO CARTS 2M3400 2M 21-Oct-83 1,367.69 1,367.69 0.00
32 3381981001 SIMPSON MULTIMETER 2M3400 2M 21-Oct-83 63.90 63.90 0.00
32 4303793001 1020 CHIP PROGRAMMER 2M3256 2M 15-Aug-93 14,278.00 6,425.10 7,852.90
32 3212678001 TEK T922R SCOPE 2M3400 2M 21-Oct-83 702.90 702.90 0.00
32 4292793001 DELI AIR DRYER 2M3400 2M 15-Jul-93 352.80 164.64 188.16
32 3579085001 ECONO FLOW HOOD SUPPORT 2M3400 2M 15-Aug-85 300.73 300.73 0.00
32 3582285001 FOUR-SEATER TABLE 2M3400 2M 15-Sep-85 270.27 270.27 0.00
32 3585585001 VEGETABLE PEEL MACHINE 2M3400 2M 15-Sep-85 805.28 805.28 0.00
32 3647886001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 4366694001 AUTO SCREWDRIVER TAPPER 2M3400 2M 15-Sep-94 752.50 175.58 576.92
32 3308979001 ME 484 DEREELER 2M3400 2M 21-Oct-83 1,084.22 1,084.22 0.00
32 3901088001 ULTRASONIC CLEANER/COVER 2M3400 2M 15-Mar-88 850.50 850.50 0.00
32 3505884001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3058576001 DISPLAY MONITOR 2M2100 2M 21-Oct-83 1,214.10 1,214.10 0.00
32 3334480001 AIR DRIVER 2M3400 2M 21-Oct-83 1,025.93 1,025.93 0.00
32 3172777001 STEROZOOM SCOPE 2M3400 2M 21-Oct-83 1,020.57 1,020.57 0.00
32 4276593001 INSTAPACKER - SYSTEMS 2M3400 2M 15-Jun-93 1,912.57 924.41 988.16
32 3012275001 DIGITAL TEMP INDIC 2M3400 2M 21-Oct-83 127.80 127.80 0.00
32 3964488001 AIR SCREWDRIVER 2M3400 2M 15-Jul-88 319.25 319.25 0.00
32 7106471001 RADIAL RIVETING MA 2M3400 2M 21-Oct-83 1,917.00 1,917.00 0.00
32 3338280001 13 SHELF UNITS 2M3400 2M 21-Oct-83 1,185.73 1,185.73 0.00
32 3485483001 METRO CARTS 2M3400 2M 21-Oct-83 1,367.70 1,367.70 0.00
32 4278793001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3291180001 WIRE DEREELER 2M3400 2M 21-Oct-83 1,220.47 1,220.47 0.00
32 3334280001 15 PSI DISPENSER 2M3400 2M 21-Oct-83 1,039.62 1,039.62 0.00
32 3597485001 DIGITAL DISPLAY-MICROSCOP 2M3400 2M 15-Dec-85 2,398.00 2,398.00 0.00
32 4372995001 EXACTA TOGGLE PRESS 2M3400 2M 15-Jan-95 904.66 165.86 738.80
32 3645986001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3290580001 STEREO MICROSCOPE 2M3400 2M 21-Oct-83 326.53 326.53 0.00
32 3428481001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,055.04 1,055.04 0.00
32 3580385001 STEAM TABLE UNIT 2M3400 2M 15-Sep-85 5,180.56 5,180.56 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3647486001 3-SHELF CARTS 0.00 0.00 0.00
32 3583485001 FOOD SLICER 0.00 0.00 0.00
32 3622886001 DEREELER 0.00 0.00 0.00
32 4280693001 HOODED CLEANING STATION 6.30 3.15 192.15
32 6201362001 MILLING MACHINE 0.00 0.00 0.00
32 3581685001 WORK TABLE/DRINK AREA 0.00 0.00 0.00
32 3643986001 ELECTRONIC COUNTING SCALE 0.00 0.00 0.00
32 3336680001 AIR DRIVER 0.00 0.00 0.00
32 4355494001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3341980001 STEEL GRID DECKING 0.00 0.00 0.00
32 3309179001 ME 483 DEREELER 0.00 0.00 0.00
32 3506084001 WORKBENCH 0.00 0.00 0.00
32 4005588001 AFF WHEELED FIRE EXTINGUI 0.00 0.00 0.00
32 4127690001 TORQUE AIR SCREWDRIVER 6.22 3.11 0.00
32 3587485001 ELECTRIC RANGE 0.00 0.00 0.00
32 4279293001 WIRE SHELF CART 4.17 2.09 127.16
32 3562385001 ACCELEROMETER KIT 0.00 0.00 0.00
32 3646186001 3-SHELF CARTS 0.00 0.00 0.00
32 3495984001 WIREWAY PANEL ENCL 0.00 0.00 0.00
32 3485183001 METRO CARTS 0.00 0.00 0.00
32 3381981001 SIMPSON MULTIMETER 0.00 0.00 0.00
32 4303793001 1020 CHIP PROGRAMMER 237.97 118.98 7,733.92
32 3212678001 TEK T922R SCOPE 0.00 0.00 0.00
32 4292793001 DELI AIR DRYER 5.88 2.94 185.22
32 3579085001 ECONO FLOW HOOD SUPPORT 0.00 0.00 0.00
32 3582285001 FOUR-SEATER TABLE 0.00 0.00 0.00
32 3585585001 VEGETABLE PEEL MACHINE 0.00 0.00 0.00
32 3647886001 3-SHELF CARTS 0.00 0.00 0.00
32 4366694001 AUTO SCREWDRIVER TAPPER 12.54 6.27 570.65
32 3308979001 ME 484 DEREELER 0.00 0.00 0.00
32 3901088001 ULTRASONIC CLEANER/COVER 0.00 0.00 0.00
32 3505884001 WORKBENCH 0.00 0.00 0.00
32 3058576001 DISPLAY MONITOR 0.00 0.00 0.00
32 3334480001 AIR DRIVER 0.00 0.00 0.00
32 3172777001 STEROZOOM SCOPE 0.00 0.00 0.00
32 4276593001 INSTAPACKER - SYSTEMS 31.88 15.94 972.22
32 3012275001 DIGITAL TEMP INDIC 0.00 0.00 0.00
32 3964488001 AIR SCREWDRIVER 0.00 0.00 0.00
32 7106471001 RADIAL RIVETING MA 0.00 0.00 0.00
32 3338280001 13 SHELF UNITS 0.00 0.00 0.00
32 3485483001 METRO CARTS 0.00 0.00 0.00
32 4278793001 WIRE SHELF CART 4.17 2.09 127.16
32 3291180001 WIRE DEREELER 0.00 0.00 0.00
32 3334280001 15 PSI DISPENSER 0.00 0.00 0.00
32 3597485001 DIGITAL DISPLAY-MICROSCOP 0.00 0.00 0.00
32 4372995001 EXACTA TOGGLE PRESS 15.08 7.54 731.26
32 3645986001 3-SHELF CARTS 0.00 0.00 0.00
32 3290580001 STEREO MICROSCOPE 0.00 0.00 0.00
32 3428481001 HAND CRIMPER 0.00 0.00 0.00
32 3580385001 STEAM TABLE UNIT 0.00 0.00 0.00
</TABLE>
17
E-142
<PAGE> 143
Page 18 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3629886001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3581085001 INGREDIENT BIN (2 OF 4) 2M3400 2M 15-Sep-85 253.67 253.67 0.00
32 3285580001 30 SHELVING UNITS 2M3400 2M 21-Oct-83 1,470.67 1,470.67 0.00
32 3789387001 SCREWDRIVER 2M3400 2M 15-Dec-87 409.63 409.63 0.00
32 3629386001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3293280001 NCI COUNTING SCALE 2M3400 2M 21-Oct-83 1,278.00 1,278.00 0.00
32 3893588001 SCREWDRIVER 2M3400 2M 15-Feb-88 238.00 238.00 0.00
32 4007688001 4470 SHUTTLE BAR BALANCE 2M3136 2M 15-Dec-88 7,657.52 7,657.52 0.00
32 3362880001 1000D DISPENSER 2M3400 2M 21-Oct-83 223.65 223.65 0.00
32 3340280001 ME 483 DE-REELER 2M3400 2M 21-Oct-83 1,108.27 1,108.27 0.00
32 3488983006 3-TON CHAIN HOIST 2M3400 2M 21-Oct-83 161.56 161.56 0.00
32 4280793001 HOODED CLEANING STATION 2M3400 2M 15-Jun-93 378.00 182.70 195.30
32 3600185001 5-TON AIR CONDTION UNIT 2M3400 2M 15-Dec-85 2,742.00 2,742.00 0.00
32 3338380001 13 SHELF UNITS 2M3400 2M 21-Oct-83 1,185.73 1,185.73 0.00
32 3646786001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3290980001 FINE WIRE DEREELER 2M3400 2M 21-Oct-83 1,115.02 1,115.02 0.00
32 3151977001 SIMPSON 464 TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3367180001 ROLL OFF CONTAINER 2M3400 2M 21-Oct-83 1,291.85 1,291.85 0.00
32 3097276001 OSCILLOSCOPE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4059789001 CONTAINERS FOR PROD.LINE 2M3400 2M 15-Mar-89 654.60 654.60 0.00
32 3978588001 RESISTANCE WELDER-UNITEK 2M3400 2M 15-Aug-88 6,002.02 6,002.02 0.00
32 3159477001 T922 SCOPE 2M3400 2M 21-Oct-83 1,021.72 1,021.72 0.00
32 3631886001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3581385001 STAINLESS STEL TABLE/SINK 2M3400 2M 15-Sep-85 368.49 368.49 0.00
32 3083676001 C-METER PRECISION 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3316280001 AIR SCREWDRIVER 2M3400 2M 21-Oct-83 1,021.26 1,021.26 0.00
32 4373795001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3043176001 POWER SUPPLY 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4327393001 MARSH TAPE MACHINE 2M3400 2M 15-Dec-93 675.00 258.75 416.25
32 3438482001 DAKE ARBOR PRESS 2M3400 2M 21-Oct-83 1,082.38 1,082.38 0.00
32 7315573001 8000A FLUKE MULTIM 2M3400 2M 21-Oct-83 127.80 127.80 0.00
32 3580885001 WORK TABLE 2M3400 2M 15-Sep-85 380.79 380.79 0.00
32 4011788001 SIGNATURE WIRE ANALYZER 2M3400 2M 15-Oct-88 3,178.00 3,178.00 0.00
32 3631386001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3309079001 ME 483 DEREELER 2M3400 2M 21-Oct-83 1,069.45 1,069.45 0.00
32 4374595001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3644986001 FLUKE DIGITAL MULTI METER 419999 2M 15-Sep-86 422.00 422.00 0.00
32 3302080001 PRESS AND DIE 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3152577001 FLUKE 8000A TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3428181001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,069.80 1,069.80 0.00
32 3645786001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3340380001 ME 483 DE-REELER 2M3400 2M 21-Oct-83 1,108.27 1,108.27 0.00
32 3849687001 HONING MACHINE 2M3400 2M 15-Dec-87 5,517.31 5,517.31 0.00
32 3303280001 FLUKE 8000A-06 2M3400 2M 21-Oct-83 1,047.94 1,047.94 0.00
32 3352580001 MICROSCOPE 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 3987188001 CHROME RETICLE FOR SCOPE 2M3400 2M 15-Sep-88 494.63 494.63 0.00
32 3622786001 DEREELER 2M3400 2M 15-Jul-86 1,244.49 1,244.49 0.00
32 4195492001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.76 1,784.86 1,189.90
32 4374295001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 4408395001 AIR STAPLER 2M3400 2M 15-Feb-95 331.08 49.67 281.41
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3629886001 DOLLY CARTS 0.00 0.00 0.00
32 3581085001 INGREDIENT BIN (2 OF 4) 0.00 0.00 0.00
32 3285580001 30 SHELVING UNITS 0.00 0.00 0.00
32 3789387001 SCREWDRIVER 0.00 0.00 0.00
32 3629386001 DOLLY CARTS 0.00 0.00 0.00
32 3293280001 NCI COUNTING SCALE 0.00 0.00 0.00
32 3893588001 SCREWDRIVER 0.00 0.00 0.00
32 4007688001 4470 SHUTTLE BAR BALANCE 0.00 0.00 0.00
32 3362880001 1000D DISPENSER 0.00 0.00 0.00
32 3340280001 ME 483 DE-REELER 0.00 0.00 0.00
32 3488983006 3-TON CHAIN HOIST 0.00 0.00 0.00
32 4280793001 HOODED CLEANING STATION 6.30 3.15 192.15
32 3600185001 5-TON AIR CONDTION UNIT 0.00 0.00 0.00
32 3338380001 13 SHELF UNITS 0.00 0.00 0.00
32 3646786001 3-SHELF CARTS 0.00 0.00 0.00
32 3290980001 FINE WIRE DEREELER 0.00 0.00 0.00
32 3151977001 SIMPSON 464 TN30 0.00 0.00 0.00
32 3367180001 ROLL OFF CONTAINER 0.00 0.00 0.00
32 3097276001 OSCILLOSCOPE 0.00 0.00 0.00
32 4059789001 CONTAINERS FOR PROD.LINE 0.00 0.00 0.00
32 3978588001 RESISTANCE WELDER-UNITEK 0.00 0.00 0.00
32 3159477001 T922 SCOPE 0.00 0.00 0.00
32 3631886001 DOLLY CARTS 0.00 0.00 0.00
32 3581385001 STAINLESS STEL TABLE/SINK 0.00 0.00 0.00
32 3083676001 C-METER PRECISION 0.00 0.00 0.00
32 3316280001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4373795001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3043176001 POWER SUPPLY 0.00 0.00 0.00
32 4327393001 MARSH TAPE MACHINE 11.25 5.63 410.63
32 3438482001 DAKE ARBOR PRESS 0.00 0.00 0.00
32 7315573001 8000A FLUKE MULTIM 0.00 0.00 0.00
32 3580885001 WORK TABLE 0.00 0.00 0.00
32 4011788001 SIGNATURE WIRE ANALYZER 0.00 0.00 0.00
32 3631386001 DOLLY CARTS 0.00 0.00 0.00
32 3309079001 ME 483 DEREELER 0.00 0.00 0.00
32 4374595001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3644986001 FLUKE DIGITAL MULTI METER 0.00 0.00 0.00
32 3302080001 PRESS AND DIE 0.00 0.00 0.00
32 3152577001 FLUKE 8000A TN30 0.00 0.00 0.00
32 3428181001 HAND CRIMPER 0.00 0.00 0.00
32 3645786001 3-SHELF CARTS 0.00 0.00 0.00
32 3340380001 ME 483 DE-REELER 0.00 0.00 0.00
32 3849687001 HONING MACHINE 0.00 0.00 0.00
32 3303280001 FLUKE 8000A-06 0.00 0.00 0.00
32 3352580001 MICROSCOPE 0.00 0.00 0.00
32 3987188001 CHROME RETICLE FOR SCOPE 0.00 0.00 0.00
32 3622786001 DEREELER 0.00 0.00 0.00
32 4195492001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.11
32 4374295001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 4408395001 AIR STAPLER 4.52 2.26 279.15
</TABLE>
18
E-143
<PAGE> 144
Page 19 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 4284693001 SERIALIZING EQUIPMENT 2M3400 2M 15-Jun-93 1,133.76 547.99 585.77
32 3340180001 ME 483 DE-REELER 2M3400 2M 21-Oct-83 1,108.27 1,108.27 0.00
32 4370194001 SEALING UNIT HP111SI CARTRIDGE 2M3400 2M 15-Nov-94 1,437.82 287.56 1,150.26
32 3597285001 20X LENS-OPT COMPARATOR 2M3400 2M 15-Dec-85 375.00 375.00 0.00
32 3456182001 HAND DRYER 2M3400 2M 21-Oct-83 1,084.99 1,084.99 0.00
32 3294880001 REEL CABINET 2M3400 2M 21-Oct-83 1,038.60 1,038.60 0.00
32 4031789001 AIR SCREWDRIVER 2M3400 2M 15-May-89 305.00 305.00 0.00
32 3646586001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3506184001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3434381001 CLEAN TABLE 2M3400 2M 21-Oct-83 1,863.75 1,863.75 0.00
32 3647586001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3896888001 FLUID DISPENSER 2M3400 2M 15-Mar-88 261.00 261.00 0.00
32 3992488001 HODGE SHELVING UNIT 2M3400 2M 15-Oct-88 309.03 309.03 0.00
32 3624486001 MICROSCOPE 419999 2M 15-Jul-86 740.90 740.90 0.00
32 4050289001 SWIFT MICROSCOPEM8808802B 2M3400 2M 15-Jun-89 717.38 717.38 0.00
32 3308879001 ME 484 DEREELER 2M3400 2M 21-Oct-83 1,084.22 1,084.22 0.00
32 H0001196 DIACRO 36K KICK SHEAR #EF 2M3400 2M 15-Feb-87 1,800.20 1,800.20 0.00
32 3481083001 THERMALL ELECT HEA 2M3400 2M 21-Oct-83 1,918.23 1,918.23 0.00
32 3584785001 REMOTE COOLER SYSTEM 2M3400 2M 15-Sep-85 1,550.00 1,550.00 0.00
32 3297580001 8012A MULTIMETER 2M3400 2M 21-Oct-83 1,036.70 1,036.70 0.00
32 3375581001 TIME CLOCK 2M3400 2M 21-Oct-83 479.25 479.25 0.00
32 3583385001 ELECTRIC COFFEE POT 2M3400 2M 15-Sep-85 633.15 633.15 0.00
32 3351480001 VAPOR DEGREASER 419999 2M 21-Oct-83 766.80 766.80 0.00
32 3597185001 OPTICAL COMPARATOR 2M3400 2M 15-Dec-85 5,990.00 5,990.00 0.00
32 3428281001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,069.80 1,069.80 0.00
32 3651086001 BRANSON ULTRANSONIC CLEAN 2M3400 2M 15-Sep-86 335.27 335.27 0.00
32 3427981001 ONE STEP TOOL 2M3400 2M 21-Oct-83 1,071.07 1,071.07 0.00
32 6907169002 MODEL BP 57 POWER 2M3802 2M 21-Oct-83 752.74 752.74 0.00
32 4128190001 SPIREX STARVE FEEDER 2M3400 2M 15-Jul-90 2,812.65 2,812.65 0.00
32 3657686001 RIBBON CARTRIDGE RUN-IN S 2M3400 2M 15-Nov-86 2,979.07 2,979.07 0.00
32 3300280001 PLATFORM SCALE 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
32 C0003897 PANASONIC CAMERA 2M3400 2M 15-Feb-87 800.10 800.10 0.00
32 3455982001 CLECO AIR DRIVER 2M3400 2M 21-Oct-83 1,090.86 1,090.86 0.00
32 4372595001 EXACTA TOGGLE PRESS 2M3400 2M 15-Jan-95 904.66 165.86 738.80
32 4346994001 IR SCREWDRIVER 2M3400 2M 15-May-94 460.26 130.41 329.85
32 3293180001 NCI COUNTING SCALE 2M3400 2M 21-Oct-83 1,517.60 1,517.60 0.00
32 3256179001 DIGITAL HEGHT GAGE 2M3400 2M 21-Oct-83 1,352.37 1,352.37 0.00
32 3505984001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 4049889001 SWIFT MICROSCOPEM8808802B 2M3400 2M 15-Jun-89 717.38 717.38 0.00
32 3505084001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3453188001 ADD ON-COIL WINDER 419999 2M 15-Jun-88 752.58 752.58 0.00
32 4035689001 DISPENSER--EFD 2M3400 2M 15-May-89 890.94 890.94 0.00
32 3655786001 MAHP BORE GAGE STAND 2M3400 2M 15-Oct-86 461.89 461.89 0.00
32 3106977001 COOLANT TANK 2M3400 2M 21-Oct-83 1,018.32 1,018.32 0.00
32 3903388001 CONVEYOR SYSTEM 2M3400 2M 15-Mar-88 1,003.76 1,003.76 0.00
32 C0005744 VAPOR DEGREHSOR 2M3400 2M 15-Feb-87 2,600.15 2,600.15 0.00
32 4278493001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3589185001 ECONO FLOW HOOD SUPPORT 2M3400 2M 15-Aug-85 300.73 300.73 0.00
32 3583185001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.90 417.90 0.00
32 3489783001 MILL/DRILLING MACH 2M3400 2M 15-Nov-83 1,811.71 1,811.71 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 4284693001 SERIALIZING EQUIPMENT 18.90 9.45 576.32
32 3340180001 ME 483 DE-REELER 0.00 0.00 0.00
32 4370194001 SEALING UNIT HP111SI CARTRIDGE 23.96 11.98 1,138.28
32 3597285001 20X LENS-OPT COMPARATOR 0.00 0.00 0.00
32 3456182001 HAND DRYER 0.00 0.00 0.00
32 3294880001 REEL CABINET 0.00 0.00 0.00
32 4031789001 AIR SCREWDRIVER 0.00 0.00 0.00
32 3646586001 3-SHELF CARTS 0.00 0.00 0.00
32 3506184001 WORKBENCH 0.00 0.00 0.00
32 3434381001 CLEAN TABLE 0.00 0.00 0.00
32 3647586001 3-SHELF CARTS 0.00 0.00 0.00
32 3896888001 FLUID DISPENSER 0.00 0.00 0.00
32 3992488001 HODGE SHELVING UNIT 0.00 0.00 0.00
32 3624486001 MICROSCOPE 0.00 0.00 0.00
32 4050289001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 3308879001 ME 484 DEREELER 0.00 0.00 0.00
32 H0001196 DIACRO 36K KICK SHEAR #EF 0.00 0.00 0.00
32 3481083001 THERMALL ELECT HEA 0.00 0.00 0.00
32 3584785001 REMOTE COOLER SYSTEM 0.00 0.00 0.00
32 3297580001 8012A MULTIMETER 0.00 0.00 0.00
32 3375581001 TIME CLOCK 0.00 0.00 0.00
32 3583385001 ELECTRIC COFFEE POT 0.00 0.00 0.00
32 3351480001 VAPOR DEGREASER 0.00 0.00 0.00
32 3597185001 OPTICAL COMPARATOR 0.00 0.00 0.00
32 3428281001 HAND CRIMPER 0.00 0.00 0.00
32 3651086001 BRANSON ULTRANSONIC CLEAN 0.00 0.00 0.00
32 3427981001 ONE STEP TOOL 0.00 0.00 0.00
32 6907169002 MODEL BP 57 POWER 0.00 0.00 0.00
32 4128190001 SPIREX STARVE FEEDER 32.92 16.46 0.00
32 3657686001 RIBBON CARTRIDGE RUN-IN S 0.00 0.00 0.00
32 3300280001 PLATFORM SCALE 0.00 0.00 0.00
32 C0003897 PANASONIC CAMERA 0.00 0.00 0.00
32 3455982001 CLECO AIR DRIVER 0.00 0.00 0.00
32 4372595001 EXACTA TOGGLE PRESS 15.08 7.54 731.26
32 4346994001 IR SCREWDRIVER 7.67 3.84 326.01
32 3293180001 NCI COUNTING SCALE 0.00 0.00 0.00
32 3256179001 DIGITAL HEGHT GAGE 0.00 0.00 0.00
32 3505984001 WORKBENCH 0.00 0.00 0.00
32 4049889001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 3505084001 WORKBENCH 0.00 0.00 0.00
32 3453188001 ADD ON-COIL WINDER 0.00 0.00 0.00
32 4035689001 DISPENSER--EFD 0.00 0.00 0.00
32 3655786001 MAHP BORE GAGE STAND 0.00 0.00 0.00
32 3106977001 COOLANT TANK 0.00 0.00 0.00
32 3903388001 CONVEYOR SYSTEM 0.00 0.00 0.00
32 C0005744 VAPOR DEGREHSOR 0.00 0.00 0.00
32 4278493001 WIRE SHELF CART 4.17 2.09 127.16
32 3589185001 ECONO FLOW HOOD SUPPORT 0.00 0.00 0.00
32 3583185001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3489783001 MILL/DRILLING MACH 0.00 0.00 0.00
</TABLE>
19
E-144
<PAGE> 145
Page 20 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3742487001 TEMPERATURE CONTROLLERS 2M3400 2M 15-Mar-87 2,149.09 2,149.09 0.00
32 3588685001 ULTRASONIC CLEANER 2M3400 2M 15-Oct-85 218.71 218.71 0.00
32 4353794001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3799187001 DELTECH FILTER-SORT EQUIP 2M3400 2M 15-Jul-87 592.00 592.00 0.00
32 3647386001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3423081001 COMPRESSOR 2M3400 2M 21-Oct-83 1,250.61 1,250.61 0.00
32 3982288001 SUPERIOR HONING MACHINE 2M3400 2M 15-Sep-88 5,757.93 5,757.93 0.00
32 3656586001 DEGREASING RACK 2M3400 2M 15-Oct-86 332.00 332.00 0.00
32 4353094001 SCREWDRIVER SP2406 PNEU 2M3400 2M 15-Jun-94 515.00 145.91 369.09
32 3504884001 CROSSOVER BRIDGE 2M3400 2M 15-Mar-84 252.45 252.45 0.00
32 3505184001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3512084001 THORESON DRYER 2M3802 2M 15-May-84 4,890.00 4,890.00 0.00
32 4280493001 CLEANER ULTRASONIC 2M3400 2M 15-Jun-93 1,086.90 525.34 561.56
32 4353694001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3582985001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 3630386001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3190778001 SCOPE 922R 2M3400 2M 21-Oct-83 1,065.96 1,065.96 0.00
32 3484783001 HARDNESS TESTER 2M3400 2M 21-Oct-83 601.94 601.94 0.00
32 3587085001 ULTRASONIC VAPOR DEGREASE 2M3400 2M 15-Oct-85 4,060.00 4,060.00 0.00
32 3646486001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 4196392001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3443382001 HAND TOGGLE PRESS 2M3304 2M 21-Oct-83 1,124.67 1,124.67 0.00
32 4373695001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3798987001 AIR LIFT W/TROLLEY 2M3124 2M 15-Jul-87 1,017.63 1,017.63 0.00
32 3120077001 HP MAINFRAME 2M3001 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3889888001 STEINEL TOGGLE PRESS 2M3400 2M 15-Feb-88 758.55 758.55 0.00
32 4370994001 WIRE SHELF CART 48 X 24 2M3400 2M 15-Nov-94 272.13 54.43 217.70
32 3505384001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3147677001 SIMPSON 464 MTT BU 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3422881001 COMPRESSOR 2M3400 2M 21-Oct-83 1,250.61 1,250.61 0.00
32 3333480001 100 PSI DISPENSER 2M3400 2M 21-Oct-83 1,036.27 1,036.27 0.00
32 3655586001 MAHR BORE GAGE STAND 2M3400 2M 15-Oct-86 461.89 461.89 0.00
32 4331594001 AIR DRIVER IR 2M3400 2M 15-Jan-94 674.13 247.18 426.95
32 3890388001 CONVECTION OVEN 2M3400 2M 15-Feb-88 2,295.00 2,295.00 0.00
32 3504984001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3383181001 NEWMAN WATCHCLOCK 2M3400 2M 21-Oct-83 1,044.99 1,044.99 0.00
32 3977988001 G4000 CARTRIDGE STUFFER 2M3400 2M 15-Aug-88 3,678.05 3,678.05 0.00
32 3051976001 BASIC STAK SYSTEM 2M3400 2M 21-Oct-83 383.40 383.40 0.00
32 3346280001 MICROSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3383281001 CONDE VACUUM PUMP 2M3400 2M 21-Oct-83 1,489.20 1,489.20 0.00
32 3484083001 METER AMPLIFIER 2M3400 2M 21-Oct-83 479.25 479.25 0.00
32 3209478001 LAB POWER SUPPLY 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3423281001 COMPRESSOR 2M3400 2M 21-Oct-83 1,250.61 1,250.61 0.00
32 3579785001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 3645586001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3369880001 MODEL 5800 SCALE 2M3400 2M 21-Oct-83 1,293.44 1,293.44 0.00
32 4332294001 STRAPPING TOOL\ELECTRIC 2M3400 2M 15-Jan-94 1,914.12 701.84 1,212.28
32 3097376001 OSCILLOSCOPE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3586885001 ASSY ANVIL HOLDER #2 2M3218 2M 15-Sep-85 527.14 527.14 0.00
32 3603186001 20# CO2 FIRE EXTINGUISHER 2M3400 2M 15-Feb-86 248.00 248.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3742487001 TEMPERATURE CONTROLLERS 0.00 0.00 0.00
32 3588685001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 4353794001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3799187001 DELTECH FILTER-SORT EQUIP 0.00 0.00 0.00
32 3647386001 3-SHELF CARTS 0.00 0.00 0.00
32 3423081001 COMPRESSOR 0.00 0.00 0.00
32 3982288001 SUPERIOR HONING MACHINE 0.00 0.00 0.00
32 3656586001 DEGREASING RACK 0.00 0.00 0.00
32 4353094001 SCREWDRIVER SP2406 PNEU 8.58 4.29 364.80
32 3504884001 CROSSOVER BRIDGE 0.00 0.00 0.00
32 3505184001 WORKBENCH 0.00 0.00 0.00
32 3512084001 THORESON DRYER 0.00 0.00 0.00
32 4280493001 CLEANER ULTRASONIC 18.12 9.06 552.50
32 4353694001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3582985001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3630386001 DOLLY CARTS 0.00 0.00 0.00
32 3190778001 SCOPE 922R 0.00 0.00 0.00
32 3484783001 HARDNESS TESTER 0.00 0.00 0.00
32 3587085001 ULTRASONIC VAPOR DEGREASE 0.00 0.00 0.00
32 3646486001 3-SHELF CARTS 0.00 0.00 0.00
32 4196392001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3443382001 HAND TOGGLE PRESS 0.00 0.00 0.00
32 4373695001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3798987001 AIR LIFT W/TROLLEY 0.00 0.00 0.00
32 3120077001 HP MAINFRAME 0.00 0.00 0.00
32 3889888001 STEINEL TOGGLE PRESS 0.00 0.00 0.00
32 4370994001 WIRE SHELF CART 48 X 24 4.54 2.27 215.43
32 3505384001 WORKBENCH 0.00 0.00 0.00
32 3147677001 SIMPSON 464 MTT BU 0.00 0.00 0.00
32 3422881001 COMPRESSOR 0.00 0.00 0.00
32 3333480001 100 PSI DISPENSER 0.00 0.00 0.00
32 3655586001 MAHR BORE GAGE STAND 0.00 0.00 0.00
32 4331594001 AIR DRIVER IR 11.24 5.62 421.33
32 3890388001 CONVECTION OVEN 0.00 0.00 0.00
32 3504984001 WORKBENCH 0.00 0.00 0.00
32 3383181001 NEWMAN WATCHCLOCK 0.00 0.00 0.00
32 3977988001 G4000 CARTRIDGE STUFFER 0.00 0.00 0.00
32 3051976001 BASIC STAK SYSTEM 0.00 0.00 0.00
32 3346280001 MICROSCOPE 0.00 0.00 0.00
32 3383281001 CONDE VACUUM PUMP 0.00 0.00 0.00
32 3484083001 METER AMPLIFIER 0.00 0.00 0.00
32 3209478001 LAB POWER SUPPLY 0.00 0.00 0.00
32 3423281001 COMPRESSOR 0.00 0.00 0.00
32 3579785001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 3645586001 3-SHELF CARTS 0.00 0.00 0.00
32 3369880001 MODEL 5800 SCALE 0.00 0.00 0.00
32 4332294001 STRAPPING TOOL\ELECTRIC 31.90 15.95 1,196.33
32 3097376001 OSCILLOSCOPE 0.00 0.00 0.00
32 3586885001 ASSY ANVIL HOLDER #2 0.00 0.00 0.00
32 3603186001 20# CO2 FIRE EXTINGUISHER 0.00 0.00 0.00
</TABLE>
20
E-145
<PAGE> 146
Page 21 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3981588001 AIR FILTER 2M3400 2M 15-Aug-88 1,125.27 1,125.27 0.00
32 3153277001 HIPOT TN30 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3271979001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4056989001 S.S. TABLE WITH HOOD 2M3400 2M 15-May-89 636.00 636.00 0.00
32 3271579001 ROTO BIN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3324180001 CLARKE DUMPSTER 2M3400 2M 21-Oct-83 1,187.89 1,187.89 0.00
32 3513984001 DISPENSER 100 PSI 2M3400 2M 15-Jun-84 579.12 579.12 0.00
32 3383481001 TEMP CONTROL UNIT 2M3400 2M 21-Oct-83 1,255.00 1,255.00 0.00
32 3361280001 CARBIDE HORN 2M3400 2M 21-Oct-83 1,115.14 1,115.14 0.00
32 3447282001 ELEC HAND DRYER 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 3645086001 FLUKE DIGITAL MULTI METER 2M3400 2M 15-Sep-86 422.00 422.00 0.00
32 3911688001 6 N CIRC.DEMAGNITIZER 2M3400 2M 15-Mar-88 424.29 424.29 0.00
32 3646386001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3811387001 VAPOR DEGREASER W/SPRAY 2M3400 2M 15-Sep-87 5,070.50 5,070.50 0.00
32 4123590001 HAND PACKAGING STATION 2M3400 2M 15-Jun-90 970.66 970.66 0.00
32 3307880001 ENERPAC PUMP 2M3400 2M 21-Oct-83 1,316.95 1,316.95 0.00
32 4346294001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 164.79 384.51
32 3583685001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.87 417.87 0.00
32 3510784001 AMP CHAMP MULTI IN 2M3400 2M 15-May-84 560.02 560.02 0.00
32 3308680001 BLUE M OVEN 2M3400 2M 21-Oct-83 1,605.81 1,605.81 0.00
32 4277893001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3052076001 BASIC STAK SYSTEM 2M3400 2M 21-Oct-83 383.40 383.40 0.00
32 3045476001 DIGITAL MULTIMETER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4356794001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3185478001 DIGITAL VOLTMETER 2M3400 2M 21-Oct-83 63.90 63.90 0.00
32 3581785001 SHELVES FPR KETTLES 2M3400 2M 15-Sep-85 696.58 696.58 0.00
32 3444482001 AIR DRIVER 2M3400 2M 21-Oct-83 1,077.34 1,077.34 0.00
32 7205972001 KO LEE GRINDER AND 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3602986001 20# CO2 FIRE EXTINGUISHER 2M3400 2M 15-Feb-86 248.00 248.00 0.00
32 4191692001 RIBBON STUFFER 2M3802 2M 15-Sep-92 31,908.97 20,119.05 11,789.92
32 3439582001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 3454182001 HAND TOGGLE PRESS 2M3400 2M 21-Oct-83 213.43 213.43 0.00
32 4188192001 MOKON WATER UNIT W/DOLLY 2M3400 2M 15-Sep-92 3,509.14 2,222.46 1,286.68
32 3582785001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 3610186001 DEMAGNETIZER 2M3400 2M 15-May-86 386.58 386.58 0.00
32 3504484001 SURFACE PLATE 2M3400 2M 15-Mar-84 1,206.05 1,206.05 0.00
32 3644886001 BRANSON ULTRASONIC CLEANE 2M3400 2M 15-Sep-86 335.27 335.27 0.00
32 3153577001 TEK 465 SCOPE 2M3400 2M 21-Oct-83 1,304.84 1,304.84 0.00
32 3123777001 3 DIE STACKER SECT 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3107977001 MACHINE CABINET 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3174177001 SCOPE 2M3400 2M 21-Oct-83 652.42 652.42 0.00
32 3911588001 DUST COLLECTOR-TORIT SIDE 2M3400 2M 15-Mar-88 1,100.00 1,100.00 0.00
32 4067089001 WIRE GRINDER POWER SUPPLY 2M3400 2M 15-Aug-89 3,036.37 3,036.37 0.00
32 3507684001 TIME RECORDERS 2M3400 2M 15-Mar-84 1,149.79 1,149.79 0.00
32 3316780001 TIME CLOCK 2M3400 2M 21-Oct-83 479.25 479.25 0.00
32 4127490001 HIPOT TESTER 2M3134 2M 15-Jul-90 2,124.54 2,124.54 0.00
32 4331093001 SHOP VACUMN 2M3400 2M 15-Jan-94 501.00 183.70 317.30
32 3484383001 SKATEWHEEL CONVEYR 2M3400 2M 21-Oct-83 1,467.21 1,467.21 0.00
32 3631086001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4191792001 RIBBON STUFFER 2M3802 2M 15-Sep-92 31,908.97 20,119.05 11,789.92
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3981588001 AIR FILTER 0.00 0.00 0.00
32 3153277001 HIPOT TN30 0.00 0.00 0.00
32 3271979001 HAND CRIMPER 0.00 0.00 0.00
32 4056989001 S.S. TABLE WITH HOOD 0.00 0.00 0.00
32 3271579001 ROTO BIN 0.00 0.00 0.00
32 3324180001 CLARKE DUMPSTER 0.00 0.00 0.00
32 3513984001 DISPENSER 100 PSI 0.00 0.00 0.00
32 3383481001 TEMP CONTROL UNIT 0.00 0.00 0.00
32 3361280001 CARBIDE HORN 0.00 0.00 0.00
32 3447282001 ELEC HAND DRYER 0.00 0.00 0.00
32 3645086001 FLUKE DIGITAL MULTI METER 0.00 0.00 0.00
32 3911688001 6 N CIRC.DEMAGNITIZER 0.00 0.00 0.00
32 3646386001 3-SHELF CARTS 0.00 0.00 0.00
32 3811387001 VAPOR DEGREASER W/SPRAY 0.00 0.00 0.00
32 4123590001 HAND PACKAGING STATION 8.82 4.41 0.00
32 3307880001 ENERPAC PUMP 0.00 0.00 0.00
32 4346294001 EXACTA TOGGLE PRESS 9.16 4.58 379.93
32 3583685001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3510784001 AMP CHAMP MULTI IN 0.00 0.00 0.00
32 3308680001 BLUE M OVEN 0.00 0.00 0.00
32 4277893001 WIRE SHELF CART 4.17 2.09 127.16
32 3052076001 BASIC STAK SYSTEM 0.00 0.00 0.00
32 3045476001 DIGITAL MULTIMETER 0.00 0.00 0.00
32 4356794001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3185478001 DIGITAL VOLTMETER 0.00 0.00 0.00
32 3581785001 SHELVES FPR KETTLES 0.00 0.00 0.00
32 3444482001 AIR DRIVER 0.00 0.00 0.00
32 7205972001 KO LEE GRINDER AND 0.00 0.00 0.00
32 3602986001 20# CO2 FIRE EXTINGUISHER 0.00 0.00 0.00
32 4191692001 RIBBON STUFFER 535.91 267.95 11,521.97
32 3439582001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 3454182001 HAND TOGGLE PRESS 0.00 0.00 0.00
32 4188192001 MOKON WATER UNIT W/DOLLY 58.49 29.24 1,257.44
32 3582785001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3610186001 DEMAGNETIZER 0.00 0.00 0.00
32 3504484001 SURFACE PLATE 0.00 0.00 0.00
32 3644886001 BRANSON ULTRASONIC CLEANE 0.00 0.00 0.00
32 3153577001 TEK 465 SCOPE 0.00 0.00 0.00
32 3123777001 3 DIE STACKER SECT 0.00 0.00 0.00
32 3107977001 MACHINE CABINET 0.00 0.00 0.00
32 3174177001 SCOPE 0.00 0.00 0.00
32 3911588001 DUST COLLECTOR-TORIT SIDE 0.00 0.00 0.00
32 4067089001 WIRE GRINDER POWER SUPPLY 0.00 0.00 0.00
32 3507684001 TIME RECORDERS 0.00 0.00 0.00
32 3316780001 TIME CLOCK 0.00 0.00 0.00
32 4127490001 HIPOT TESTER 22.92 11.46 0.00
32 4331093001 SHOP VACUMN 8.35 4.18 313.13
32 3484383001 SKATEWHEEL CONVEYR 0.00 0.00 0.00
32 3631086001 DOLLY CARTS 0.00 0.00 0.00
32 4191792001 RIBBON STUFFER 535.91 267.95 11,521.97
</TABLE>
21
E-146
<PAGE> 147
Page 22 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3582485001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 4373495001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 7412574002 STEREO MICROSCOPE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3297480001 7 SECTIONS SHELVIN 2M3400 2M 21-Oct-83 1,127.01 1,127.01 0.00
32 3585685001 OVEN ON 6' LEGS 2M3400 2M 15-Sep-85 3,965.00 3,965.00 0.00
32 3663286001 CABINET 2M3400 2M 15-Nov-86 586.00 586.00 0.00
32 3975588001 STRIP POT 2M3400 2M 15-Aug-88 363.21 363.21 0.00
32 4341294001 IR AIR DRIVER 3RANC1 2M3267 2M 15-Apr-94 350.22 110.91 239.31
32 4374095001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 4195592001 MOKON TEMP CONTROL SYS 2M3802 2M 15-Nov-92 2,974.76 1,784.86 1,189.90
32 3458082001 ECONOFLO MODULE 2M3400 2M 21-Oct-83 1,369.93 1,369.93 0.00
32 4136790001 EFD FLUID DISPENSERS 2M3400 2M 15-Oct-90 823.50 823.50 0.00
32 4374395001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3173977001 SCOPE 2M3400 2M 21-Oct-83 1,022.59 1,022.59 0.00
32 3169077001 SIMPSON MULTIMETER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3586685001 VIDEO RECORDER 2M3400 2M 15-Sep-85 362.56 362.56 0.00
32 4192092001 RIBBON STUFFERS 2M3802 2M 15-Sep-92 31,908.98 20,119.06 11,789.92
32 3439082001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 4136290001 EFD FLUID DISPENSERS 2M3400 2M 15-Oct-90 823.50 823.50 0.00
32 3270279001 VAPOR DEGREASER 2M3400 2M 21-Oct-83 1,236.50 1,236.50 0.00
32 3915488001 GUNDRILL GAUGE (MAHR) 2M3400 2M 15-Apr-88 876.59 876.59 0.00
32 3169977001 TN 1232 TEX 922R 2M3400 2M 21-Oct-83 1,028.48 1,028.48 0.00
32 3630886001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 3313780001 RUN-IN MACHINE 2M3400 2M 21-Oct-83 1,597.50 1,597.50 0.00
32 3273579001 STEREOSCOPE SET 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3314580001 SHELVING-REPUBLIC 2M3400 2M 21-Oct-83 1,163.68 1,163.68 0.00
32 4196792001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3776187001 MOLD RACK 2M3400 2M 15-Jun-87 285.00 285.00 0.00
32 3338780001 TITANIUM HORN 2M3400 2M 21-Oct-83 1,106.92 1,106.92 0.00
32 3357780001 ELECTRIC OVEN 2M3400 2M 21-Oct-83 1,556.00 1,556.00 0.00
32 3560985001 821B DEREELER 2M3400 2M 15-May-85 1,082.44 1,082.44 0.00
32 3512584001 THORESON LOADER 2M3400 2M 15-May-84 745.00 745.00 0.00
32 4002088001 CONVEYOR SYSTEM 2M3400 2M 15-Nov-88 2,188.25 2,188.25 0.00
32 4053689001 GRAVITY FLOW RACK 51-60 2M3302 2M 15-Mar-89 1,050.00 1,050.00 0.00
32 4342494001 SIOUX AIR DRIVER 2S2305 2M3267 2M 15-Apr-94 342.00 108.30 233.70
32 4195692001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.76 1,784.86 1,189.90
32 3586385001 MODULE AIR HOISE-150 LBS 2M3218 2M 15-Sep-85 991.37 991.37 0.00
32 4031889001 AIR SCREWDRIVER 2M3400 2M 15-May-89 305.00 305.00 0.00
32 4373895001 WIRE SHELF CART 48X24 2M3400 2M 15-Jan-95 265.98 48.76 217.22
32 3772687001 POCKET SIZE STATIC METER 2M3400 2M 15-May-87 300.96 300.96 0.00
32 3457882001 ECONOFLO MODULE 2M3400 2M 21-Oct-83 1,369.93 1,369.93 0.00
32 4311293001 EXACTA TOGGLE PRESS 2M3400 2M 15-Aug-93 606.25 272.81 333.44
32 3964188001 VENT HOOD--CHEM LAB SINK 2M3400 2M 15-Jul-88 573.00 573.00 0.00
32 3559985001 STEREOZOOM MICROSCOPE 2M3400 2M 15-May-85 977.98 977.98 0.00
32 4191892001 RIBBON STUFFER 2M3802 2M 15-Sep-92 31,908.98 20,119.06 11,789.92
32 3488683006 PRESSURE WASHER 2M3400 2M 21-Oct-83 165.28 165.28 0.00
32 3411281001 POWER SUPPLY 2M3400 2M 21-Oct-83 95.85 95.85 0.00
32 3663086001 STRIPPER 2M3400 2M 15-Nov-86 504.46 504.46 0.00
32 3506284001 WORKBENCH 2M3400 2M 15-Mar-84 226.00 226.00 0.00
32 3519084001 WALNUT CABINET 2M3400 2M 15-Aug-84 860.66 860.66 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3582485001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 4373495001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 7412574002 STEREO MICROSCOPE 0.00 0.00 0.00
32 3297480001 7 SECTIONS SHELVIN 0.00 0.00 0.00
32 3585685001 OVEN ON 6' LEGS 0.00 0.00 0.00
32 3663286001 CABINET 0.00 0.00 0.00
32 3975588001 STRIP POT 0.00 0.00 0.00
32 4341294001 IR AIR DRIVER 3RANC1 5.84 2.92 236.39
32 4374095001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 4195592001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.11
32 3458082001 ECONOFLO MODULE 0.00 0.00 0.00
32 4136790001 EFD FLUID DISPENSERS 15.36 7.68 0.00
32 4374395001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3173977001 SCOPE 0.00 0.00 0.00
32 3169077001 SIMPSON MULTIMETER 0.00 0.00 0.00
32 3586685001 VIDEO RECORDER 0.00 0.00 0.00
32 4192092001 RIBBON STUFFERS 535.91 267.95 11,521.97
32 3439082001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 4136290001 EFD FLUID DISPENSERS 15.36 7.68 0.00
32 3270279001 VAPOR DEGREASER 0.00 0.00 0.00
32 3915488001 GUNDRILL GAUGE (MAHR) 0.00 0.00 0.00
32 3169977001 TN 1232 TEX 922R 0.00 0.00 0.00
32 3630886001 DOLLY CARTS 0.00 0.00 0.00
32 3313780001 RUN-IN MACHINE 0.00 0.00 0.00
32 3273579001 STEREOSCOPE SET 0.00 0.00 0.00
32 3314580001 SHELVING-REPUBLIC 0.00 0.00 0.00
32 4196792001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3776187001 MOLD RACK 0.00 0.00 0.00
32 3338780001 TITANIUM HORN 0.00 0.00 0.00
32 3357780001 ELECTRIC OVEN 0.00 0.00 0.00
32 3560985001 821B DEREELER 0.00 0.00 0.00
32 3512584001 THORESON LOADER 0.00 0.00 0.00
32 4002088001 CONVEYOR SYSTEM 0.00 0.00 0.00
32 4053689001 GRAVITY FLOW RACK 51-60 0.00 0.00 0.00
32 4342494001 SIOUX AIR DRIVER 2S2305 5.70 2.85 230.85
32 4195692001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.11
32 3586385001 MODULE AIR HOISE-150 LBS 0.00 0.00 0.00
32 4031889001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4373895001 WIRE SHELF CART 48X24 4.43 2.22 215.00
32 3772687001 POCKET SIZE STATIC METER 0.00 0.00 0.00
32 3457882001 ECONOFLO MODULE 0.00 0.00 0.00
32 4311293001 EXACTA TOGGLE PRESS 10.10 5.05 328.39
32 3964188001 VENT HOOD--CHEM LAB SINK 0.00 0.00 0.00
32 3559985001 STEREOZOOM MICROSCOPE 0.00 0.00 0.00
32 4191892001 RIBBON STUFFER 535.91 267.95 11,521.97
32 3488683006 PRESSURE WASHER 0.00 0.00 0.00
32 3411281001 POWER SUPPLY 0.00 0.00 0.00
32 3663086001 STRIPPER 0.00 0.00 0.00
32 3506284001 WORKBENCH 0.00 0.00 0.00
32 3519084001 WALNUT CABINET 0.00 0.00 0.00
</TABLE>
22
E-147
<PAGE> 148
Page 23 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3821187001 OPTICAL COMPARATOR 2M3400 2M 15-Oct-87 3,457.50 3,457.50 0.00
32 C0005991 ULTRASONIC VAPOR DEGREASE 2M3400 2M 15-Feb-87 3,800.15 3,800.15 0.00
32 3290180001 PRESS AND DIE 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3818987001 TORQUE WATCH GAUGE 2M3400 2M 15-Sep-87 458.00 458.00 0.00
32 3271679001 ROTO BIN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4356094001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3580285001 SILVERWARE CART 2M3400 2M 15-Sep-85 350.41 350.41 0.00
32 3646286001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3675087001 SOLVENT RECOVERY UNIT 2M3400 2M 15-Feb-87 2,695.50 2,695.50 0.00
32 4346394001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 164.79 384.51
32 4346494001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 164.79 384.51
32 4050489001 SWIFT MICROSCOPEM8808802B 2M3400 2M 15-Jun-89 717.38 717.38 0.00
32 3981488001 AIR FILTER 2M3400 2M 15-Aug-88 1,125.27 1,125.27 0.00
32 H0002792 TEKTRONIX 475 OSCILLOSCOP 2M3400 2M 15-Feb-87 2,600.30 2,600.30 0.00
32 3170877001 TN1232 RIBBON LIFT 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 7304873002 BRIDGEPORT MILLER 2M3400 2M 21-Oct-83 2,760.48 2,760.48 0.00
32 3266379001 MTI MICROSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 4035789001 DISPENSER--EFD 2M3400 2M 15-May-89 829.47 829.47 0.00
32 3233878001 SCREWDRIVER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4077089000 MAPLE TOP PRD MACHINE TBL 2M3400 2M 15-Sep-89 361.67 361.67 0.00
32 3440882001 CARTRIDGE RUN-IN 2M3400 2M 21-Oct-83 766.80 766.80 0.00
32 3333780001 15 PSI DISPENSER 2M3400 2M 21-Oct-83 223.65 223.65 0.00
32 7402774004 FLUKE MULTIMETER S 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3444682001 AIR DRIVER 2M3400 2M 21-Oct-83 1,077.34 1,077.34 0.00
32 3995288001 HAND PACKAGING STATION 2M3400 2M 15-Oct-88 667.33 667.33 0.00
32 4195792001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.76 1,784.86 1,189.90
32 3381181001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,166.32 1,166.32 0.00
32 3654686001 SURFACE GRINDER G3000 2M3400 2M 15-Oct-86 1,321.50 1,321.50 0.00
32 4142190001 BRADYWRITER 2M3400 2M 15-Dec-90 1,150.00 1,130.83 19.17
32 C0005202 BAND SAW 2M3400 2M 15-Feb-87 3,000.20 3,000.20 0.00
32 3290280001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,030.13 1,030.13 0.00
32 4186392001 FOAM DISPENSING SYS-808 2M3400 2M 15-Aug-92 4,725.00 3,051.56 1,673.44
32 3369780001 MODEL 5800 SCALE 2M3400 2M 21-Oct-83 1,293.44 1,293.44 0.00
32 3345380001 917-932 MICROSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 C0006037 STATIC ENERGIZER 2M3400 2M 15-Feb-87 750.10 750.10 0.00
32 4355894001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3305480001 LATCH PRESS 2M3400 2M 21-Oct-83 255.60 255.60 0.00
32 4341194001 IR AIR DRIVER 3RANC1 2M3267 2M 15-Apr-94 350.22 110.91 239.31
32 3580685001 EXHAUST HOOD/FILTERS 2M3400 2M 15-Sep-85 1,109.49 1,109.49 0.00
32 3506784001 ULTRASONIC CLEANER 2M3400 2M 15-Mar-84 783.00 783.00 0.00
32 4292693001 CYCLONE FENCING/CHEMICAL STOR 2M3400 2M 15-Jul-93 2,188.00 1,021.07 1,166.93
32 3271879001 DRILL PRESS 2M3400 2M 21-Oct-83 207.68 207.68 0.00
32 H0002268 JOY TWISTAR AIR COMPRESSOR 2M3400 2M 15-Feb-87 5,700.20 5,700.20 0.00
32 3597385001 50X LENS OPT COMPARATOR 2M3400 2M 15-Dec-85 375.00 375.00 0.00
32 3584185001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.88 417.88 0.00
32 3268579001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3406381001 REVERSE SCREWDRIVR 2M3400 2M 21-Oct-83 1,047.83 1,047.83 0.00
32 3378781001 DU SCALE PYROMETER 2M3400 2M 21-Oct-83 1,115.94 1,115.94 0.00
32 3451382001 BEVERAGE DISPENSER 2M3400 2M 21-Oct-83 1,265.42 1,265.42 0.00
32 3306780001 AIR PRESS 2M3400 2M 21-Oct-83 319.50 319.50 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3821187001 OPTICAL COMPARATOR 0.00 0.00 0.00
32 C0005991 ULTRASONIC VAPOR DEGREASE 0.00 0.00 0.00
32 3290180001 PRESS AND DIE 0.00 0.00 0.00
32 3818987001 TORQUE WATCH GAUGE 0.00 0.00 0.00
32 3271679001 ROTO BIN 0.00 0.00 0.00
32 4356094001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3580285001 SILVERWARE CART 0.00 0.00 0.00
32 3646286001 3-SHELF CARTS 0.00 0.00 0.00
32 3675087001 SOLVENT RECOVERY UNIT 0.00 0.00 0.00
32 4346394001 EXACTA TOGGLE PRESS 9.16 4.58 379.93
32 4346494001 EXACTA TOGGLE PRESS 9.16 4.58 379.93
32 4050489001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 3981488001 AIR FILTER 0.00 0.00 0.00
32 H0002792 TEKTRONIX 475 OSCILLOSCOP 0.00 0.00 0.00
32 3170877001 TN1232 RIBBON LIFT 0.00 0.00 0.00
32 7304873002 BRIDGEPORT MILLER 0.00 0.00 0.00
32 3266379001 MTI MICROSCOPE 0.00 0.00 0.00
32 4035789001 DISPENSER--EFD 0.00 0.00 0.00
32 3233878001 SCREWDRIVER 0.00 0.00 0.00
32 4077089000 MAPLE TOP PRD MACHINE TBL 0.00 0.00 0.00
32 3440882001 CARTRIDGE RUN-IN 0.00 0.00 0.00
32 3333780001 15 PSI DISPENSER 0.00 0.00 0.00
32 7402774004 FLUKE MULTIMETER S 0.00 0.00 0.00
32 3444682001 AIR DRIVER 0.00 0.00 0.00
32 3995288001 HAND PACKAGING STATION 0.00 0.00 0.00
32 4195792001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.11
32 3381181001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3654686001 SURFACE GRINDER G3000 0.00 0.00 0.00
32 4142190001 BRADYWRITER 19.17 9.58 0.00
32 C0005202 BAND SAW 0.00 0.00 0.00
32 3290280001 HAND CRIMPER 0.00 0.00 0.00
32 4186392001 FOAM DISPENSING SYS-808 79.69 39.84 1,633.60
32 3369780001 MODEL 5800 SCALE 0.00 0.00 0.00
32 3345380001 917-932 MICROSCOPE 0.00 0.00 0.00
32 C0006037 STATIC ENERGIZER 0.00 0.00 0.00
32 4355894001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3305480001 LATCH PRESS 0.00 0.00 0.00
32 4341194001 IR AIR DRIVER 3RANC1 5.84 2.92 236.39
32 3580685001 EXHAUST HOOD/FILTERS 0.00 0.00 0.00
32 3506784001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 4292693001 CYCLONE FENCING/CHEMICAL STOR 36.47 18.23 1,148.70
32 3271879001 DRILL PRESS 0.00 0.00 0.00
32 H0002268 JOY TWISTAR AIR COMPRESSOR 0.00 0.00 0.00
32 3597385001 50X LENS OPT COMPARATOR 0.00 0.00 0.00
32 3584185001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3268579001 HAND CRIMPER 0.00 0.00 0.00
32 3406381001 REVERSE SCREWDRIVR 0.00 0.00 0.00
32 3378781001 DU SCALE PYROMETER 0.00 0.00 0.00
32 3451382001 BEVERAGE DISPENSER 0.00 0.00 0.00
32 3306780001 AIR PRESS 0.00 0.00 0.00
</TABLE>
23
E-148
<PAGE> 149
Page 24 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 4317293001 EYELETING MACH PNEU AUTO FEED 2M3400 2M 15-Sep-93 3,408.70 1,477.10 1,931.60
32 3422581001 PUSH PULL TESTER 2M3400 2M 21-Oct-83 1,072.70 1,072.70 0.00
32 3647786001 3-SHELF CARTS 2M3400 2M 15-Sep-86 210.70 210.70 0.00
32 3019075001 FLUKE 8000A 419999 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 C0001591 HEAD TESTER 2M3400 2M 15-Feb-87 1,150.65 1,150.65 0.00
32 4073589001 SWIFT MICROSCOPE M818802B 2M3400 2M 15-Sep-89 801.75 801.75 0.00
32 4279093001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3554085001 ULTRASONIC CLEANER 2M3400 2M 15-Mar-85 1,491.00 1,491.00 0.00
32 3438082001 TAPE DISPENSER 2M3400 2M 21-Oct-83 1,228.95 1,228.95 0.00
32 3380981001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,086.45 1,086.45 0.00
32 3199978001 HORIZONTAL BANDSAW 2M3400 2M 21-Oct-83 1,071.98 1,071.98 0.00
32 3924188001 GRAVITY FLOW RACK #144-62 2M3134 2M 15-Dec-88 2,865.00 2,865.00 0.00
32 3448582001 TORQUE WATCH GAGE 2M3400 2M 21-Oct-83 1,126.19 1,126.19 0.00
32 3999188001 TORIT SIDE UNIT DUST COL 2M3400 2M 15-Oct-88 1,478.50 1,478.50 0.00
32 C0005839 PORTABLE DATA SOURCES 2M3400 2M 15-Feb-87 500.10 500.10 0.00
32 3512184001 100-LB HOPPER 2M3400 2M 15-May-84 1,746.67 1,746.67 0.00
32 4050189001 SWIFT MICROSCOPEM8808802B 2M3400 2M 15-Jun-89 717.38 717.38 0.00
32 3353080001 MICROSCOPE 2M3400 2M 21-Oct-83 1,051.63 1,051.63 0.00
32 4340994001 IR AIR DRIVER 3RLNC1 2M3267 2M 15-Apr-94 349.64 110.72 238.92
32 3324380001 CLARKE BUFFER 2M3400 2M 21-Oct-83 479.25 479.25 0.00
32 3406781001 REVERSE SCREWDRIVR 2M3400 2M 21-Oct-83 1,047.83 1,047.83 0.00
32 3444582001 AIR DRIVER 2M3400 2M 21-Oct-83 1,077.34 1,077.34 0.00
32 3583985001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.87 417.87 0.00
32 3353681001 COMPRESSOR RETURND 2M3400 2M 21-Oct-83 1,060.73 1,060.73 0.00
32 3380781001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,069.24 1,069.24 0.00
32 3584585001 DEEP FRYER 2M3400 2M 15-Sep-85 1,354.95 1,354.95 0.00
32 3085576001 COUNTER MAINFRAM 2M3001 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4186492001 FOAM DISPENSING SYS-808 2M3400 2M 15-Aug-92 4,725.00 3,051.56 1,673.44
32 3194581001 ADD-PROM PROGRAMER 2M3400 2M 21-Oct-83 0.00 0.00 0.00
32 42780930001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3457982001 ECONOFLO MODULE 2M3400 2M 21-Oct-83 1,369.93 1,369.93 0.00
32 4125390001 REM MICROPROCESSOR CONTRO 2M3400 2M 15-Jun-90 1,850.00 1,850.00 0.00
32 3345480001 DRUM PUMP 2M3400 2M 21-Oct-83 287.55 287.55 0.00
32 4281093001 DRUM LATHE 2M3400 2M 15-Jun-93 2,122.00 1,025.63 1,096.37
32 3440082001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 7106571001 RADIAL RIVETING MA 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4278893001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3489683006 SUPER 40 GRINDER 2M3400 2M 21-Oct-83 495.23 495.23 0.00
32 7303373001 SONY RECORDER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4423595001 HF3000 DIGITAL ELECT SCALE 2M3400 2M 15-Jul-95 1,634.57 108.97 1,525.60
32 3661886001 ANACOM DATA GENERATOR 2M3400 2M 15-Nov-86 278.61 278.61 0.00
32 4423495001 SETRA ELECTRONIC SCALE-27 LB 2M3400 2M 15-Jul-95 1,307.67 87.18 1,220.49
32 4199192001 SCALE - SARTORIUS COUNTING 2M3400 2M 15-Nov-92 2,372.75 1,423.65 949.10
32 3418881001 TOOL ANALYZER 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3351280001 MTI MICROSCOPE 419999 2M 21-Oct-83 191.70 191.70 0.00
32 3350580001 STEREO MICROSCOPE 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 4355094001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4031289001 AIR SCREWDRIVER 2M3400 2M 15-May-89 305.00 305.00 0.00
32 4356194001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 4280893001 HOODED CLEANING STATION 2M3400 2M 15-Jun-93 378.00 182.70 195.30
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 4317293001 EYELETING MACH PNEU AUTO FEED 56.81 28.41 1,903.19
32 3422581001 PUSH PULL TESTER 0.00 0.00 0.00
32 3647786001 3-SHELF CARTS 0.00 0.00 0.00
32 3019075001 FLUKE 8000A 0.00 0.00 0.00
32 C0001591 HEAD TESTER 0.00 0.00 0.00
32 4073589001 SWIFT MICROSCOPE M818802B 0.00 0.00 0.00
32 4279093001 WIRE SHELF CART 4.17 2.09 127.16
32 3554085001 ULTRASONIC CLEANER 0.00 0.00 0.00
32 3438082001 TAPE DISPENSER 0.00 0.00 0.00
32 3380981001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3199978001 HORIZONTAL BANDSAW 0.00 0.00 0.00
32 3924188001 GRAVITY FLOW RACK #144-62 0.00 0.00 0.00
32 3448582001 TORQUE WATCH GAGE 0.00 0.00 0.00
32 3999188001 TORIT SIDE UNIT DUST COL 0.00 0.00 0.00
32 C0005839 PORTABLE DATA SOURCES 0.00 0.00 0.00
32 3512184001 100-LB HOPPER 0.00 0.00 0.00
32 4050189001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 3353080001 MICROSCOPE 0.00 0.00 0.00
32 4340994001 IR AIR DRIVER 3RLNC1 5.83 2.91 236.01
32 3324380001 CLARKE BUFFER 0.00 0.00 0.00
32 3406781001 REVERSE SCREWDRIVR 0.00 0.00 0.00
32 3444582001 AIR DRIVER 0.00 0.00 0.00
32 3583985001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3353681001 COMPRESSOR RETURND 0.00 0.00 0.00
32 3380781001 SOLA TRANSFORMER 0.00 0.00 0.00
32 3584585001 DEEP FRYER 0.00 0.00 0.00
32 3085576001 COUNTER MAINFRAM 0.00 0.00 0.00
32 4186492001 FOAM DISPENSING SYS-808 79.69 39.84 1,633.60
32 3194581001 ADD-PROM PROGRAMER 0.00 0.00 0.00
32 42780930001 WIRE SHELF CART 4.17 2.09 127.16
32 3457982001 ECONOFLO MODULE 0.00 0.00 0.00
32 4125390001 REM MICROPROCESSOR CONTRO 16.82 8.41 0.00
32 3345480001 DRUM PUMP 0.00 0.00 0.00
32 4281093001 DRUM LATHE 35.37 17.68 1,078.69
32 3440082001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 7106571001 RADIAL RIVETING MA 0.00 0.00 0.00
32 4278893001 WIRE SHELF CART 4.17 2.09 127.16
32 3489683006 SUPER 40 GRINDER 0.00 0.00 0.00
32 7303373001 SONY RECORDER 0.00 0.00 0.00
32 4423595001 HF3000 DIGITAL ELECT SCALE 9.91 4.95 1,520.65
32 3661886001 ANACOM DATA GENERATOR 0.00 0.00 0.00
32 4423495001 SETRA ELECTRONIC SCALE-27 LB 7.93 3.96 1,216.53
32 4199192001 SCALE - SARTORIUS COUNTING 39.55 19.77 929.33
32 3418881001 TOOL ANALYZER 0.00 0.00 0.00
32 3351280001 MTI MICROSCOPE 0.00 0.00 0.00
32 3350580001 STEREO MICROSCOPE 0.00 0.00 0.00
32 4355094001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4031289001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4356194001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 4280893001 HOODED CLEANING STATION 6.30 3.15 192.15
</TABLE>
24
E-149
<PAGE> 150
Page 25 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 4049689001 SWIFT MICROSCOPE M8802B 2M3400 2M 15-Jun-89 708.80 708.80 0.00
32 4356294001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3982388001 SUPERIOR HONING MACHINE 2M3400 2M 15-Sep-88 5,757.94 5,757.94 0.00
32 3233578001 SCREWDRIVER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4354794001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3381381001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,209.10 1,209.10 0.00
32 4316293001 VDE PRINTER/BARCODE LABELS 2M8921 2M 15-Sep-93 1,689.00 731.90 957.10
32 3450682001 NOTCHING PRESS.156 2M3400 2M 21-Oct-83 1,364.28 1,364.28 0.00
32 3442882001 GAGE BLOCK SET 2M3400 2M 21-Oct-83 1,566.85 1,566.85 0.00
32 3616486001 MAHR BORE GAGE COMP STAND 2M3400 2M 15-Jun-86 357.29 357.29 0.00
32 3627586001 MICROSCOPE 2M3400 2M 15-Jul-86 1,172.52 1,172.52 0.00
32 3835787001 DIGIMATIC MICROMETER HEAD 2M3400 2M 15-Oct-87 1,180.73 1,180.73 0.00
32 3793987001 FLUKE MULTIMETER 2M3400 2M 15-Jul-87 359.00 359.00 0.00
32 4273693001 ANTI STATIC MAT 2M3400 2M 15-May-93 863.28 431.65 431.63
32 3250179001 RADIAL RIVETER 2M3400 2M 21-Oct-83 2,609.68 2,609.68 0.00
32 4196192001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3836587001 TORQUE TESTER 2M3400 2M 15-Nov-87 1,895.00 1,895.00 0.00
32 3935188001 GUNDRILL CABINET 2M3400 2M 15-Apr-88 656.34 656.34 0.00
32 4354894001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3002775001 SCALES 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3271779001 ROTO BIN 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3655886001 DRY VACUUM PUMP 2M3400 2M 15-Oct-86 584.29 584.29 0.00
32 4346594001 EXACTA TOGGLE PRESS 2M3400 2M 15-May-94 549.30 164.79 384.51
32 3102376001 10TON MULTI-PRESS 2M3400 2M 21-Oct-83 1,236.50 1,236.50 0.00
32 4355994001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3439182001 2.5FTX5FT TABLE 2M3400 2M 21-Oct-83 1,054.29 1,054.29 0.00
32 3351380001 STEREOZOOM SCOPE 2M3400 2M 21-Oct-83 1,238.54 1,238.54 0.00
32 3290480001 HOPPER MAGNET 2M3400 2M 21-Oct-83 1,049.44 1,049.44 0.00
32 4292893001 PHONE LINE INSTALLATION 2M3400 2M 15-Jul-93 8,366.60 3,904.41 4,462.19
32 3668886001 MODEM 2M3400 2M 15-Dec-86 1,520.64 1,520.64 0.00
32 3884188001 MICROSCOPE 2M3400 2M 15-Jan-88 674.90 674.90 0.00
32 3630586001 DOLLY CARTS 2M3400 2M 15-Aug-86 212.20 212.20 0.00
32 4355594001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3982188001 SUPERIOR HONING MACHINE 2M3400 2M 15-Sep-88 5,757.93 5,757.93 0.00
32 3657586001 RIBBON CARTRIDGE RUN-IN S 2M3400 2M 15-Nov-86 2,979.06 2,979.06 0.00
32 3289980001 PRESS AND DIE 2M3400 2M 21-Oct-83 958.50 958.50 0.00
32 3486883001 MATERIAL FREEZER 2M3400 2M 21-Oct-83 1,289.29 1,289.29 0.00
32 3172977001 AIR BALANCER 2M3001 2M 21-Oct-83 447.30 447.30 0.00
32 3406481001 REVERSE SCREWDRIVR 2M3400 2M 21-Oct-83 1,047.83 1,047.83 0.00
32 3334980001 AIR DRIVER 2M3400 2M 21-Oct-83 1,025.93 1,025.93 0.00
32 4195992001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Nov-92 2,974.77 1,784.86 1,189.91
32 3934988001 TOOL CABINET-ELEC.GRINDER 2M3400 2M 15-Apr-88 737.42 737.42 0.00
32 3147277001 SIMPSON 464 MTT FI 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3981688001 AIR FILTER 2M3400 2M 15-Aug-88 1,125.27 1,125.27 0.00
32 3438382001 CONDE VACUUM PUMP 2M3400 2M 21-Oct-83 1,637.82 1,637.82 0.00
32 3054677001 DISPENSER 2M3400 2M 21-Oct-83 0.00 0.00 0.00
32 3580585001 EXHAUST HOOD/FILTERS 2M3400 2M 15-Sep-85 926.54 926.54 0.00
32 3319180001 30 FOOT CONVEYOR 2M3400 2M 21-Oct-83 1,061.55 1,061.55 0.00
32 4196292001 MOKON TEMP CONTROL SYS 2M3400 2M 15-Oct-92 2,974.77 1,784.86 1,189.91
32 3885888001 CONCENTRICITY GAGE & ROLL 2M3400 2M 15-Jan-88 430.00 430.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 4049689001 SWIFT MICROSCOPE M8802B 0.00 0.00 0.00
32 4356294001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3982388001 SUPERIOR HONING MACHINE 0.00 0.00 0.00
32 3233578001 SCREWDRIVER 0.00 0.00 0.00
32 4354794001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3381381001 SOLA TRANSFORMER 0.00 0.00 0.00
32 4316293001 VDE PRINTER/BARCODE LABELS 28.15 14.08 943.03
32 3450682001 NOTCHING PRESS.156 0.00 0.00 0.00
32 3442882001 GAGE BLOCK SET 0.00 0.00 0.00
32 3616486001 MAHR BORE GAGE COMP STAND 0.00 0.00 0.00
32 3627586001 MICROSCOPE 0.00 0.00 0.00
32 3835787001 DIGIMATIC MICROMETER HEAD 0.00 0.00 0.00
32 3793987001 FLUKE MULTIMETER 0.00 0.00 0.00
32 4273693001 ANTI STATIC MAT 14.39 7.19 424.44
32 3250179001 RADIAL RIVETER 0.00 0.00 0.00
32 4196192001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3836587001 TORQUE TESTER 0.00 0.00 0.00
32 3935188001 GUNDRILL CABINET 0.00 0.00 0.00
32 4354894001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3002775001 SCALES 0.00 0.00 0.00
32 3271779001 ROTO BIN 0.00 0.00 0.00
32 3655886001 DRY VACUUM PUMP 0.00 0.00 0.00
32 4346594001 EXACTA TOGGLE PRESS 9.16 4.58 379.93
32 3102376001 10TON MULTI-PRESS 0.00 0.00 0.00
32 4355994001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3439182001 2.5FTX5FT TABLE 0.00 0.00 0.00
32 3351380001 STEREOZOOM SCOPE 0.00 0.00 0.00
32 3290480001 HOPPER MAGNET 0.00 0.00 0.00
32 4292893001 PHONE LINE INSTALLATION 139.44 69.72 4,392.47
32 3668886001 MODEM 0.00 0.00 0.00
32 3884188001 MICROSCOPE 0.00 0.00 0.00
32 3630586001 DOLLY CARTS 0.00 0.00 0.00
32 4355594001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3982188001 SUPERIOR HONING MACHINE 0.00 0.00 0.00
32 3657586001 RIBBON CARTRIDGE RUN-IN S 0.00 0.00 0.00
32 3289980001 PRESS AND DIE 0.00 0.00 0.00
32 3486883001 MATERIAL FREEZER 0.00 0.00 0.00
32 3172977001 AIR BALANCER 0.00 0.00 0.00
32 3406481001 REVERSE SCREWDRIVR 0.00 0.00 0.00
32 3334980001 AIR DRIVER 0.00 0.00 0.00
32 4195992001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3934988001 TOOL CABINET-ELEC.GRINDER 0.00 0.00 0.00
32 3147277001 SIMPSON 464 MTT FI 0.00 0.00 0.00
32 3981688001 AIR FILTER 0.00 0.00 0.00
32 3438382001 CONDE VACUUM PUMP 0.00 0.00 0.00
32 3054677001 DISPENSER 0.00 0.00 0.00
32 3580585001 EXHAUST HOOD/FILTERS 0.00 0.00 0.00
32 3319180001 30 FOOT CONVEYOR 0.00 0.00 0.00
32 4196292001 MOKON TEMP CONTROL SYS 49.58 24.79 1,165.12
32 3885888001 CONCENTRICITY GAGE & ROLL 0.00 0.00 0.00
</TABLE>
25
E-150
<PAGE> 151
Page 26 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
32 3406581001 REVERSE SCREWDRIVR 2M3400 2M 21-Oct-83 1,047.83 1,047.83 0.00
32 3034675001 SEALER BLOWER 2M3400 2M 21-Oct-83 159.75 159.75 0.00
32 4412895001 TYPE 745 TESTER 2M3400 2M 15-Apr-95 383.18 44.71 338.47
32 3582385001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 3579585001 ECONOFLO FILTER MODULE 2M3400 2M 15-Sep-85 1,340.00 1,340.00 0.00
32 3296080001 PALLET TRUCK 2M3400 2M 21-Oct-83 287.55 287.55 0.00
32 3389181001 CRIMP MACHINE 2M3400 2M 21-Oct-83 1,272.61 1,272.61 0.00
32 3428681001 HAND CRIMPER 2M3400 2M 21-Oct-83 1,054.43 1,054.43 0.00
32 3478283001 54FT BELT CONVEYOR 2M3400 2M 21-Oct-83 1,556.00 1,556.00 0.00
32 3998488001 SIGNATURE WIRE ANALYZER 2M3400 2M 15-Oct-88 3,178.00 3,178.00 0.00
32 3285480001 10 SHELVING UNITS 2M3400 2M 21-Oct-83 1,175.42 1,175.42 0.00
32 3338880001 TITANIUM HORN 2M3400 2M 21-Oct-83 1,106.92 1,106.92 0.00
32 4360794001 PHOENIX SHELVING 2M3400 2M 15-Aug-94 4,943.13 1,235.78 3,707.35
32 3795587001 SWIFT MICROSCOPE 2M3400 2M 15-Jul-87 627.75 627.75 0.00
32 3333980001 15 PSI DISPENSER 2M3400 2M 21-Oct-83 223.65 223.65 0.00
32 3440982001 CARTRIDGE RUN-IN 2M3400 2M 21-Oct-83 766.80 766.80 0.00
32 3478383001 SKATEWHEL CONVEYOR 2M3400 2M 21-Oct-83 1,093.90 1,093.90 0.00
32 4354694001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3958888001 ACTUATOR INSERTER 2M3400 2M 15-Jun-88 3,315.00 3,315.00 0.00
32 4301993001 EXHAUST BLOWER/STAND/DUCT SYS 2M3400 2M 15-Jul-93 2,851.50 1,330.70 1,520.80
32 M00000514 CLAUSING DRILL PRESS 15IN 2M3400 2M 15-Feb-87 1,000.25 1,000.25 0.00
32 3207878001 T922 OSCILLOSCOPE 2M3400 2M 21-Oct-83 501.62 501.62 0.00
32 3422081001 FORCE GAGE 2M3400 2M 21-Oct-83 1,146.01 1,146.01 0.00
32 4077189001 MAPLE TOP PRD MACHINE TBL 2M3400 2M 15-Sep-89 361.66 361.66 0.00
32 3598285001 20KVA STEPDOWN TRANSFORME 2M3400 2M 15-Dec-85 780.00 780.00 0.00
32 3372081001 AIR SCREWDRIVER 2M3400 2M 21-Oct-83 1,060.80 1,060.80 0.00
32 4279693001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3322480001 30 SHELVING UNITS 2M3400 2M 21-Oct-83 1,251.51 1,251.51 0.00
32 3464882001 POLISHING STAND 2M3400 2M 21-Oct-83 191.70 191.70 0.00
32 3992188001 ELEC.POWER COND (SURGE) 2M3400 2M 15-Oct-88 506.27 506.27 0.00
32 3889788001 STEINEL TOGGLE PRESS 2M3400 2M 15-Feb-88 3,886.06 3,886.06 0.00
32 3427881001 TRIGGER ACTIONTOOL 2M3400 2M 21-Oct-83 1,100.04 1,100.04 0.00
32 3582685001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.89 417.89 0.00
32 3581585001 TRAY STORAGE SHELF 2M3400 2M 15-Sep-85 662.51 662.51 0.00
32 3741387001 HONING MACHINE 2M3400 2M 15-Mar-87 5,122.30 5,122.30 0.00
32 3663486001 SCALE 2M3400 2M 15-Dec-86 1,442.66 1,442.66 0.00
32 3619486001 MICROSCOPE 419999 2M 15-Jun-86 740.82 740.82 0.00
32 4278293001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3937688001 ULTRASONIC CLNR./TRAY/COV 2M3400 2M 15-Apr-88 864.08 864.08 0.00
32 3626286001 MICROSCOPE 2M3400 2M 15-Jul-86 740.90 740.90 0.00
32 3586285001 PEMSERTER-SERIES 4 2M3218 2M 15-Sep-85 4,480.07 4,480.07 0.00
32 4416795001 MANITOWOC ICE MACHINE/FILTER 2M3400 2M 15-May-95 2,919.95 291.50 2,628.45
32 4416595001 STAR ELECT GRIDDLE 548TG 48" 2M3400 2M 15-May-95 1,099.95 109.99 989.96
32 4279993001 HEAT SEAL TONER HOPPER 2M3400 2M 15-Jun-93 1,695.00 819.25 875.75
32 3444282001 SWAPLATING SYSTEM 2M3400 2M 21-Oct-83 1,172.45 1,172.45 0.00
32 3498284001 IDENTIFOUR 4IN 1 S 2M3400 2M 15-Feb-84 1,116.49 1,116.49 0.00
32 4279393001 WIRE SHELF CART 2M3400 2M 15-Jun-93 250.15 120.91 129.24
32 3422481001 HAND CRIMPER 90223 2M3400 2M 21-Oct-83 1,058.50 1,058.50 0.00
32 3665686001 ADHESIVE DISPENSING SYSTE 2M3400 2M 15-Dec-86 695.00 695.00 0.00
32 3798787001 CARTRIDGE LOADING MACHINE 2M3400 2M 15-Jul-87 5,875.69 5,875.69 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
32 3406581001 REVERSE SCREWDRIVR 0.00 0.00 0.00
32 3034675001 SEALER BLOWER 0.00 0.00 0.00
32 4412895001 TYPE 745 TESTER 4.06 2.03 336.44
32 3582385001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3579585001 ECONOFLO FILTER MODULE 0.00 0.00 0.00
32 3296080001 PALLET TRUCK 0.00 0.00 0.00
32 3389181001 CRIMP MACHINE 0.00 0.00 0.00
32 3428681001 HAND CRIMPER 0.00 0.00 0.00
32 3478283001 54FT BELT CONVEYOR 0.00 0.00 0.00
32 3998488001 SIGNATURE WIRE ANALYZER 0.00 0.00 0.00
32 3285480001 10 SHELVING UNITS 0.00 0.00 0.00
32 3338880001 TITANIUM HORN 0.00 0.00 0.00
32 4360794001 PHOENIX SHELVING 82.39 41.19 3,666.16
32 3795587001 SWIFT MICROSCOPE 0.00 0.00 0.00
32 3333980001 15 PSI DISPENSER 0.00 0.00 0.00
32 3440982001 CARTRIDGE RUN-IN 0.00 0.00 0.00
32 3478383001 SKATEWHEL CONVEYOR 0.00 0.00 0.00
32 4354694001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3958888001 ACTUATOR INSERTER 0.00 0.00 0.00
32 4301993001 EXHAUST BLOWER/STAND/DUCT SYS 47.52 23.76 1,497.04
32 M00000514 CLAUSING DRILL PRESS 15IN 0.00 0.00 0.00
32 3207878001 T922 OSCILLOSCOPE 0.00 0.00 0.00
32 3422081001 FORCE GAGE 0.00 0.00 0.00
32 4077189001 MAPLE TOP PRD MACHINE TBL 0.00 0.00 0.00
32 3598285001 20KVA STEPDOWN TRANSFORME 0.00 0.00 0.00
32 3372081001 AIR SCREWDRIVER 0.00 0.00 0.00
32 4279693001 WIRE SHELF CART 4.17 2.09 127.16
32 3322480001 30 SHELVING UNITS 0.00 0.00 0.00
32 3464882001 POLISHING STAND 0.00 0.00 0.00
32 3992188001 ELEC.POWER COND (SURGE) 0.00 0.00 0.00
32 3889788001 STEINEL TOGGLE PRESS 0.00 0.00 0.00
32 3427881001 TRIGGER ACTIONTOOL 0.00 0.00 0.00
32 3582685001 EIGHT-SEATER TABLE 0.00 0.00 0.00
32 3581585001 TRAY STORAGE SHELF 0.00 0.00 0.00
32 3741387001 HONING MACHINE 0.00 0.00 0.00
32 3663486001 SCALE 0.00 0.00 0.00
32 3619486001 MICROSCOPE 0.00 0.00 0.00
32 4278293001 WIRE SHELF CART 4.17 2.09 127.16
32 3937688001 ULTRASONIC CLNR./TRAY/COV 0.00 0.00 0.00
32 3626286001 MICROSCOPE 0.00 0.00 0.00
32 3586285001 PEMSERTER-SERIES 4 0.00 0.00 0.00
32 4416795001 MANITOWOC ICE MACHINE/FILTER 26.50 13.25 2,615.20
32 4416595001 STAR ELECT GRIDDLE 548TG 48" 10.00 5.00 984.96
32 4279993001 HEAT SEAL TONER HOPPER 28.25 14.13 861.63
32 3444282001 SWAPLATING SYSTEM 0.00 0.00 0.00
32 3498284001 IDENTIFOUR 4IN 1 S 0.00 0.00 0.00
32 4279393001 WIRE SHELF CART 4.17 2.09 127.16
32 3422481001 HAND CRIMPER 90223 0.00 0.00 0.00
32 3665686001 ADHESIVE DISPENSING SYSTE 0.00 0.00 0.00
32 3798787001 CARTRIDGE LOADING MACHINE 0.00 0.00 0.00
</TABLE>
26
E-151
<PAGE> 152
Page 27 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
32 4356394001 WORK TABLE PLASTIC LAMINATED 2M3400 2M 15-Jun-94 217.33 61.57 155.76
32 3421881001 HAND CRIMPER 90181 2M3400 2M 21-Oct-83 1,058.37 1,058.37 0.00
32 4076989001 MAPLE TOP PRD MACHINE TBL 2M3400 2M 15-Sep-89 361.67 361.67 0.00
32 7410174001 DIGITAL MULTIMETER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 4012388001 AIRDRILL 2M3400 2M 15-Dec-88 886.42 886.42 0.00
32 3399181001 OUTSIDE HOSEHOUSE 2M3400 2M 21-Oct-83 1,302.79 1,302.79 0.00
32 3795887001 SWIFT MICROSCOPE 2M3400 2M 15-Jul-87 627.75 627.75 0.00
32 3361180001 CARBIDE HORN 2M3400 2M 21-Oct-83 1,115.15 1,115.15 0.00
32 3085876001 FREQ METER 2M3001 2M 21-Oct-83 1,005.58 1,005.58 0.00
32 3586585001 BETA MOVIE CAMERA 2M3400 2M 15-Sep-85 1,066.96 1,066.96 0.00
32 4050089001 SWIFT MICROSCOPEM8808802B 419999 2M 15-Jun-89 717.38 717.38 0.00
32 4331894001 HYDRAULIC PALLET JACK 2M3400 2M 15-Jan-94 480.00 176.00 304.00
32 3583085001 EIGHT-SEATER TABLE 2M3400 2M 15-Sep-85 417.90 417.90 0.00
TYPE 32 SUBTOTAL 1,406,609.48 1,191,547.54 215,061.94
34 C0005997 ELECTRONIC DIGITAL SCALE 2M3400 2M 15-Feb-87 1,000.15 1,000.15 0.00
34 C0005115 PORTABLE DATA SOURCE 2M3400 2M 15-Feb-87 1,000.30 1,000.30 0.00
34 C0005323 SEH TEST SYSTEM 2M3400 2M 15-Feb-87 10,000.20 10,000.20 0.00
34 C0005325 DATA SOURCES-1273 2M3400 2M 15-Feb-87 500.20 500.20 0.00
34 H0002743 TEKTRONIX OSCILCOSCOPE 2M3400 2M 15-Feb-87 1,200.25 1,200.25 0.00
34 C0005534 SPECTROLINE EPROM ERASE C 2M3400 2M 15-Feb-87 900.10 900.10 0.00
34 C0004993 DATA SOURCE 2M3400 2M 15-Feb-87 500.25 500.25 0.00
34 C0004967 DATA SOURCE 2M3400 2M 15-Feb-87 500.20 500.20 0.00
34 C0004999 DATA SOURCE 2M3400 2M 15-Feb-87 500.25 500.25 0.00
34 H0001636 NIKON MIC BINOC STERO W/E 2M3400 2M 15-Feb-87 1,000.25 1,000.25 0.00
34 H0005079 SIMPSON 464 SERIES 2 DIGI 2M3400 2M 15-Feb-87 200.25 200.25 0.00
TYPE 34 SUBTOTAL 17,302.40 17,302.40 0.00
36 3402281001 SIMPSON 464A 2M3400 2M 21-Oct-83 111.83 111.83 0.00
36 3394383002 ADD-GENRAD 2270 2M3400 2M 15-Dec-83 9,359.64 9,359.64 0.00
36 3536884001 TRANSFORMER 2M3400 2M 15-Dec-84 404.65 404.65 0.00
36 3542185001 ADD-SMDP TEST & TS 2M3400 2M 15-Nov-85 579.32 579.32 0.00
36 3541784001 SHAD TEST & TROUBLESHOOT 2M3400 2M 15-Dec-84 31,216.07 31,216.07 0.00
36 3382284001 ADD-WIRE HARNESS T 2M3400 2M 15-Sep-84 3,032.20 3,032.20 0.00
36 4154691001 SPER/1 GENRAD TESTER 2M3400 2M 15-May-91 4,855.71 4,520.15 335.56
36 3278279001 L30 FORCE GAGE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
36 3537684001 T9610 CONTROLLER 2M3400 2M 15-Dec-84 350.00 350.00 0.00
36 3419281001 T9610 CONTROLLER 2M3400 2M 21-Oct-83 1,144.71 1,144.71 0.00
36 4155391001 CONTROL PANEL TESTER 2M3322 2M 15-May-91 7,074.11 6,585.25 488.86
36 4009988001 RS232/422 INTERFACE ADAPT 2M3400 2M 15-Dec-88 913.32 913.32 0.00
36 3637687001 ADD-ON BPAR UNIV.INTERFAC 2M3400 2M 15-Dec-87 5,631.62 5,631.62 0.00
36 4157591001 G4000 FINAL TEST STATION 2M3400 2M 15-May-91 9,604.64 8,644.18 960.46
36 4289793001 PHOENIX SPARES TEST STAT 2M3400 2M 15-Jul-93 1,605.69 749.32 856.37
36 4339694001 POCKETSCAN CX/TWX TEST SYS 2M3400 2M 15-Apr-94 1,366.00 432.57 933.43
36 3542784001 RIB WELD TESTER 2M3400 2M 15-Dec-84 1,197.73 1,197.73 0.00
36 3483583002 APTR/587 TROUBLE- 2M3400 2M 15-Dec-83 9,500.45 9,500.45 0.00
36 4289193001 4470/90 BRD APART SPARE STAT 2M3400 2M 15-Jul-93 1,045.81 488.04 557.77
36 4372695001 POWER UP TEST STATION 2M3400 2M 15-Mar-95 2,519.40 335.92 2,183.48
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
32 4356394001 WORK TABLE PLASTIC LAMINATED 3.62 1.81 153.95
32 3421881001 HAND CRIMPER 90181 0.00 0.00 0.00
32 4076989001 MAPLE TOP PRD MACHINE TBL 0.00 0.00 0.00
32 7410174001 DIGITAL MULTIMETER 0.00 0.00 0.00
32 4012388001 AIRDRILL 0.00 0.00 0.00
32 3399181001 OUTSIDE HOSEHOUSE 0.00 0.00 0.00
32 3795887001 SWIFT MICROSCOPE 0.00 0.00 0.00
32 3361180001 CARBIDE HORN 0.00 0.00 0.00
32 3085876001 FREQ METER 0.00 0.00 0.00
32 3586585001 BETA MOVIE CAMERA 0.00 0.00 0.00
32 4050089001 SWIFT MICROSCOPEM8808802B 0.00 0.00 0.00
32 4331894001 HYDRAULIC PALLET JACK 8.00 4.00 300.00
32 3583085001 EIGHT-SEATER TABLE 0.00 0.00 0.00
TYPE 32 SUBTOTAL 211,462.22
34 C0005997 ELECTRONIC DIGITAL SCALE 0.00 0.00 0.00
34 C0005115 PORTABLE DATA SOURCE 0.00 0.00 0.00
34 C0005323 SEH TEST SYSTEM 0.00 0.00 0.00
34 C0005325 DATA SOURCES-1273 0.00 0.00 0.00
34 H0002743 TEKTRONIX OSCILCOSCOPE 0.00 0.00 0.00
34 C0005534 SPECTROLINE EPROM ERASE C 0.00 0.00 0.00
34 C0004993 DATA SOURCE 0.00 0.00 0.00
34 C0004967 DATA SOURCE 0.00 0.00 0.00
34 C0004999 DATA SOURCE 0.00 0.00 0.00
34 H0001636 NIKON MIC BINOC STERO W/E 0.00 0.00 0.00
34 H0005079 SIMPSON 464 SERIES 2 DIGI 0.00 0.00 0.00
TYPE 34 SUBTOTAL 0.00
36 3402281001 SIMPSON 464A 0.00 0.00 0.00
36 3394383002 ADD-GENRAD 2270 0.00 0.00 0.00
36 3536884001 TRANSFORMER 0.00 0.00 0.00
36 3542185001 ADD-SMDP TEST & TS 0.00 0.00 0.00
36 3541784001 SHAD TEST & TROUBLESHOOT 0.00 0.00 0.00
36 3382284001 ADD-WIRE HARNESS T 0.00 0.00 0.00
36 4154691001 SPER/1 GENRAD TESTER 55.93 27.96 307.60
36 3278279001 L30 FORCE GAGE 0.00 0.00 0.00
36 3537684001 T9610 CONTROLLER 0.00 0.00 0.00
36 3419281001 T9610 CONTROLLER 0.00 0.00 0.00
36 4155391001 CONTROL PANEL TESTER 81.48 40.74 448.12
36 4009988001 RS232/422 INTERFACE ADAPT 0.00 0.00 0.00
36 3637687001 ADD-ON BPAR UNIV.INTERFAC 0.00 0.00 0.00
36 4157591001 G4000 FINAL TEST STATION 160.08 80.04 880.42
36 4289793001 PHOENIX SPARES TEST STAT 26.76 13.38 842.99
36 4339694001 POCKETSCAN CX/TWX TEST SYS 22.77 11.38 922.05
36 3542784001 RIB WELD TESTER 0.00 0.00 0.00
36 3483583002 APTR/587 TROUBLE- 0.00 0.00 0.00
36 4289193001 4470/90 BRD APART SPARE STAT 17.43 8.72 549.06
36 4372695001 POWER UP TEST STATION 30.54 15.27 2,168.21
</TABLE>
27
E-152
<PAGE> 153
Page 28 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 3546085001 ADD-ACH INITIAL TEST 2M3400 2M 15-Jun-85 56.20 56.20 0.00
36 4291493001 4470/90 PRINT HEAD TEST SYS 2M3400 2M 15-Jul-93 25,973.16 12,120.81 13,852.35
36 4266293001 PHOENIX FINAL TEST STATION 2M3400 2M 15-Apr-93 7,094.85 3,665.68 3,429.17
36 4010088001 RS232/422 INTERFACE ADAPT 2M3400 2M 15-Dec-88 914.45 914.45 0.00
36 4007888001 KIKUSUI POWER SUPPLY 2M3400 2M 15-Dec-88 373.08 373.08 0.00
36 4147391001 VACCUMM TEST FIXTURE 2M3400 2M 15-Feb-91 407.93 387.54 20.39
36 3595285001 CRT (TMS) 2M3400 2M 15-Nov-85 500.00 500.00 0.00
36 3543484001 INSPECTION TABLE 2M3136 2M 15-Dec-84 291.69 291.69 0.00
36 3999588001 PESCHEL HIPOT 2M3400 2M 15-Dec-88 986.00 986.00 0.00
36 3767887001 AWDR/4 TEST & T'S 2M3400 2M 15-Apr-87 19,200.68 19,200.68 0.00
36 3522485001 ADD-RS422 CAP-3000 FINAL 2M3400 2M 15-Jun-85 1,652.65 1,652.65 0.00
36 4291193001 4000 PRT AC SWITCH BOX TESTER 2M3400 2M 15-Jul-93 4,065.20 1,897.09 2,168.11
36 4288993001 SMAD,SSPS,SP10 TEST SPARE 2M3400 2M 15-Jul-93 12,854.86 5,998.94 6,855.92
36 H0002805 TEKTRONIX OSCILLOSCOPE MO 2M3400 2M 15-Feb-87 1,200.25 1,200.25 0.00
36 4155891001 PAPER MOTION SENSOR 2M3322 2M 15-May-91 1,668.74 1,553.43 115.31
36 4358294001 HP LASERJET 4 PLUS PRINTER 2M3802 2M 15-Aug-94 1,492.66 373.17 1,119.49
36 3667886001 BAND PASS FILTER 2M3136 2M 15-Dec-86 995.00 995.00 0.00
36 3975988001 COAX TEST ADAPTERS 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 3482783002 MINI-UNIFACE 2M3400 2M 15-Dec-83 1,815.66 1,815.66 0.00
36 3472587001 CPAR PWB BURN IN 2M3400 2M 15-Dec-87 151.42 151.42 0.00
36 3410981001 DWT 150 TEST KIT 2M3400 2M 21-Oct-83 1,147.32 1,147.32 0.00
36 3482683002 3000 APAR SPAR PRT 2M3400 2M 15-Dec-83 4,956.41 4,956.41 0.00
36 3500583002 ACOL TROUBLESHOOT 2M3400 2M 15-Dec-83 12,819.43 12,819.43 0.00
36 4290193001 PHOM/4 PT HD GAP ADJ BD 2M3400 2M 15-Jul-93 3,030.25 1,414.12 1,616.13
36 3541384001 SMIM TEST & TROUBLESHOOT 2M3400 2M 15-Dec-84 29,525.39 29,525.39 0.00
36 4290993001 PYPLD BD GENRAD FIXTURE 2M3400 2M 15-Jul-93 2,868.55 1,338.66 1,529.89
36 3562485001 APO/1 TEST FIXTURE 2M3400 2M 15-Jun-85 844.78 844.78 0.00
36 3519884001 TBLSHOOT STATION 2 2M3400 2M 15-Sep-84 7,467.60 7,467.60 0.00
36 3460582001 LEAR SEIGLER CRT 2M3400 2M 21-Oct-83 1,163.41 1,163.41 0.00
36 3424981001 KISTLER AMPLIFIER 2M3400 2M 21-Oct-83 1,225.01 1,225.01 0.00
36 3858187001 4000 UNIT TEST PC 2M3400 2M 15-Dec-87 11,225.29 11,225.29 0.00
36 3542084001 SMMC TEST & TROUBLESHOOT 2M3400 2M 15-Dec-84 14,518.32 14,518.32 0.00
36 M00000402 CENTRONICS GAP SETTING FI 2M3400 2M 15-Feb-87 1,500.20 1,500.20 0.00
36 3482283002 FLOPPY DISK A 2M3400 2M 15-Dec-83 287.55 287.55 0.00
36 4155291001 JCPU FUNCTIONAL TEST 2M3328 2M 15-May-91 2,436.32 2,267.95 168.37
36 3431181001 EDIT BUFFER BD TES 2M3400 2M 21-Oct-83 1,605.81 1,605.81 0.00
36 3429585001 ADD-LCPS TEST HEAD 2M3400 2M 15-Nov-85 6,032.52 6,032.52 0.00
36 3363584001 ADD T-2000 PRINT H 2M3400 2M 15-Sep-84 614.37 614.37 0.00
36 4167391001 XYLINX UNIV TEST BOX #6 2M3134 2M 15-Oct-91 4,099.12 3,347.62 751.50
36 3503683002 HARD DISK 2M3400 2M 15-Dec-83 734.85 734.85 0.00
36 3429781001 FLUKE DMM 8600A-02 2M3400 2M 21-Oct-83 1,173.95 1,173.95 0.00
36 3415781001 POWER SUPPLY 2M3400 2M 21-Oct-83 1,083.79 1,083.79 0.00
36 3521884001 GE3000 INI TEST #9 2M3400 2M 15-Sep-84 7,501.04 7,501.04 0.00
36 3789087001 GENRAD FIXTURE FOR LW BD. 2M3400 2M 15-Dec-87 2,589.05 2,589.05 0.00
36 M00000327 ZENDEX CONTROLLER PN-7N66 2M3400 2M 15-Feb-87 425.20 425.20 0.00
36 4291693001 LASER SCAN MICROMETER 2M3400 2M 15-Jul-93 6,194.31 2,890.68 3,303.63
36 4334194001 TTMI TEST BOARD 2M3400 2M 15-Feb-94 32,261.19 11,291.41 20,969.78
36 3522984001 AUTO CPU TESTER #2 2M3400 2M 15-Sep-84 11,763.50 11,763.50 0.00
36 3975888001 COAX TEST ADAPTERS 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 3429881001 SORENSEN QRD 20-4 2M3400 2M 21-Oct-83 1,083.79 1,083.79 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 3546085001 ADD-ACH INITIAL TEST 0.00 0.00 0.00
36 4291493001 4470/90 PRINT HEAD TEST SYS 432.89 216.44 13,635.91
36 4266293001 PHOENIX FINAL TEST STATION 118.25 59.12 3,370.05
36 4010088001 RS232/422 INTERFACE ADAPT 0.00 0.00 0.00
36 4007888001 KIKUSUI POWER SUPPLY 0.00 0.00 0.00
36 4147391001 VACCUMM TEST FIXTURE 6.80 3.40 0.00
36 3595285001 CRT (TMS) 0.00 0.00 0.00
36 3543484001 INSPECTION TABLE 0.00 0.00 0.00
36 3999588001 PESCHEL HIPOT 0.00 0.00 0.00
36 3767887001 AWDR/4 TEST & T'S 0.00 0.00 0.00
36 3522485001 ADD-RS422 CAP-3000 FINAL 0.00 0.00 0.00
36 4291193001 4000 PRT AC SWITCH BOX TESTER 67.75 33.88 2,134.23
36 4288993001 SMAD,SSPS,SP10 TEST SPARE 214.25 107.12 6,748.80
36 H0002805 TEKTRONIX OSCILLOSCOPE MO 0.00 0.00 0.00
36 4155891001 PAPER MOTION SENSOR 19.22 9.61 105.70
36 4358294001 HP LASERJET 4 PLUS PRINTER 24.88 12.44 1,107.05
36 3667886001 BAND PASS FILTER 0.00 0.00 0.00
36 3975988001 COAX TEST ADAPTERS 0.00 0.00 0.00
36 3482783002 MINI-UNIFACE 0.00 0.00 0.00
36 3472587001 CPAR PWB BURN IN 0.00 0.00 0.00
36 3410981001 DWT 150 TEST KIT 0.00 0.00 0.00
36 3482683002 3000 APAR SPAR PRT 0.00 0.00 0.00
36 3500583002 ACOL TROUBLESHOOT 0.00 0.00 0.00
36 4290193001 PHOM/4 PT HD GAP ADJ BD 50.50 25.25 1,590.88
36 3541384001 SMIM TEST & TROUBLESHOOT 0.00 0.00 0.00
36 4290993001 PYPLD BD GENRAD FIXTURE 47.81 23.90 1,505.99
36 3562485001 APO/1 TEST FIXTURE 0.00 0.00 0.00
36 3519884001 TBLSHOOT STATION 2 0.00 0.00 0.00
36 3460582001 LEAR SEIGLER CRT 0.00 0.00 0.00
36 3424981001 KISTLER AMPLIFIER 0.00 0.00 0.00
36 3858187001 4000 UNIT TEST PC 0.00 0.00 0.00
36 3542084001 SMMC TEST & TROUBLESHOOT 0.00 0.00 0.00
36 M00000402 CENTRONICS GAP SETTING FI 0.00 0.00 0.00
36 3482283002 FLOPPY DISK A 0.00 0.00 0.00
36 4155291001 JCPU FUNCTIONAL TEST 28.06 14.03 154.34
36 3431181001 EDIT BUFFER BD TES 0.00 0.00 0.00
36 3429585001 ADD-LCPS TEST HEAD 0.00 0.00 0.00
36 3363584001 ADD T-2000 PRINT H 0.00 0.00 0.00
36 4167391001 XYLINX UNIV TEST BOX #6 68.32 34.16 717.34
36 3503683002 HARD DISK 0.00 0.00 0.00
36 3429781001 FLUKE DMM 8600A-02 0.00 0.00 0.00
36 3415781001 POWER SUPPLY 0.00 0.00 0.00
36 3521884001 GE3000 INI TEST #9 0.00 0.00 0.00
36 3789087001 GENRAD FIXTURE FOR LW BD. 0.00 0.00 0.00
36 M00000327 ZENDEX CONTROLLER PN-7N66 0.00 0.00 0.00
36 4291693001 LASER SCAN MICROMETER 103.24 51.62 3,252.01
36 4334194001 TTMI TEST BOARD 537.69 268.84 20,700.94
36 3522984001 AUTO CPU TESTER #2 0.00 0.00 0.00
36 3975888001 COAX TEST ADAPTERS 0.00 0.00 0.00
36 3429881001 SORENSEN QRD 20-4 0.00 0.00 0.00
</TABLE>
28
E-153
<PAGE> 154
Page 29 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 4184892001 AUTO PS BOARD SSPS TESTER 2M3400 2M 15-Jul-92 77,522.56 53,247.82 24,274.74
36 3482087001 ADD-ON SHEET FEEDER 2M3400 2M 15-Dec-87 631.52 631.52 0.00
36 4157191001 G4470/90 P&P STATION 2M3136 2M 15-May-91 519.95 484.02 35.93
36 4010188001 RS232/422 INTERFACE ADAPT 2M3400 2M 15-Dec-88 1,020.55 1,020.55 0.00
36 3473182001 3S6202AB0005A1 2M3400 2M 21-Oct-83 1,336.07 1,336.07 0.00
36 4155491001 TEST HEAD FOR UNIV TESTER 2M3322 2M 15-May-91 5,049.89 4,700.91 348.98
36 4305193001 TTLB1 TEST FIXTURE 2M3400 2M 15-Aug-93 8,010.32 3,604.64 4,405.68
36 3502887001 ADD-ON WATT METER 2M3400 2M 15-Dec-87 320.45 320.45 0.00
36 M00000268 FLUKE DIGITAL MULTIMETER 2M3400 2M 15-Feb-87 425.20 425.20 0.00
36 4007388001 KIKUSUI POWER SUPPLY 2M3400 2M 15-Dec-88 357.00 357.00 0.00
36 4006788001 PCB-462A AMP 2M3400 2M 15-Dec-88 875.00 875.00 0.00
36 4171091001 XYLINX UNIV FINAL TEST BOX #1 2M3400 2M 15-Dec-91 4,923.98 3,648.95 1,275.03
36 4156991001 PHCP/4 GENRAD FIXTURE 2M3322 2M 15-May-91 3,268.68 3,042.80 225.88
36 3472982001 3S6242AB0001A1 2M3400 2M 21-Oct-83 1,334.81 1,334.81 0.00
36 M00000422 ZENDEZ COMPUTER C/D-ZC-71 2M3400 2M 15-Feb-87 5,800.00 5,800.00 0.00
36 3541785002 ADD-SHAD TEST & TS 2M3400 2M 15-Jun-85 2,036.13 2,036.13 0.00
36 M00000441 DAKE #1 BENCH ARBOR PRESS 2M3400 2M 15-Feb-87 1,000.20 1,000.20 0.00
36 3498385004 ADD-T3MC/3 GENRAD 2M3400 2M 15-Nov-85 2,406.08 2,406.08 0.00
36 3429281001 TENNEY CHAMBER 2M3400 2M 21-Oct-83 10,782.28 10,782.28 0.00
36 4304993001 SP5C4 TEST FIXTURE 2M3400 2M 15-Aug-93 6,664.17 2,998.88 3,665.29
36 4043089001 FIXTURES--BACK PLANE BD. 2M3400 2M 15-Apr-89 2,216.95 2,216.95 0.00
36 4006688001 4470 PRINTHEAD TESTER TMS 2M3400 2M 15-Dec-88 31,489.30 31,489.30 0.00
36 4340094001 CX PTR CART CT-CPD-222 2M3400 2M 15-Apr-94 200.00 63.33 136.67
36 4170891001 ENHANCE G-4400 PRINT 2M3400 2M 15-Dec-91 3,839.57 3,146.32 693.25
36 4339594001 POCKETSCAN CX/TWX TEST SYS 2M3400 2M 15-Apr-94 1,366.00 432.57 933.43
36 3424681001 T9ZZR SCOPE 2M3400 2M 21-Oct-83 1,343.41 1,343.41 0.00
36 3419181001 T2000 FINAL TEST#6 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
36 3429583002 T2000 PWR SUPPLY 2M3400 2M 15-Dec-83 127.37 127.37 0.00
36 4009388001 SORENSEN POWER SUPPLY 2M3400 2M 15-Dec-88 1,475.29 1,475.29 0.00
36 3498584001 GE3000 BURN-IN CON 2M3400 2M 15-Feb-84 248,075.51 248,075.51 0.00
36 4066489001 PRINTER MODULE 4470/90 2M3400 2M 15-Aug-89 7,000.43 7,000.43 0.00
36 3856887001 PORTABLE HI-POT CURRENT 2M3400 2M 15-Dec-87 2,274.93 2,274.93 0.00
36 4171591001 ENHANCE TO G-4000 FINAL TEST 2M3400 2M 15-Dec-91 3,991.78 3,126.90 864.88
36 4410995001 LEXMART 4029 PRINTER 2M3802 2M 15-Mar-95 1,619.44 215.92 1,403.52
36 H0002297 MOLEX INC BENCH CRIMPER M 2M3400 2M 15-Feb-87 1,400.25 1,400.25 0.00
36 3541385001 ADD-SMIM TEST & TS 2M3400 2M 15-Jun-85 70.01 70.01 0.00
36 3368480001 GENRAD TESTER 2M3400 2M 21-Oct-83 12,780.00 12,780.00 0.00
36 3667586001 ACTUATOR GRINDER SUPPLE 2M3400 2M 15-Dec-86 4,171.34 4,171.34 0.00
36 3774787001 STEREOSCOPE-MTI 377-952 2M3400 2M 15-May-87 1,216.00 1,216.00 0.00
36 3503387001 ADD-ON WATT METER 2M3400 2M 15-Dec-87 631.52 631.52 0.00
36 3407281001 ANALYZER 2M3400 2M 21-Oct-83 2,458.09 2,458.09 0.00
36 4012588001 OMEGAMETER IONIC TEST SYS 2M3400 2M 15-Dec-88 12,078.44 12,078.44 0.00
36 4006188001 PCB-462A AMP TMS 2M3400 2M 15-Dec-88 875.00 875.00 0.00
36 4167291001 XYLINX UNIV TEST BOX #1 2M3400 2M 15-Oct-91 2,554.30 2,086.01 468.29
36 4291893001 PHOENIX HANGER QUEEN/SPARE BD 2M3400 2M 15-Jul-93 6,725.04 3,138.35 3,586.69
36 3536684001 TRANSFORMER 2M3400 2M 15-Dec-84 404.65 404.65 0.00
36 4320493001 SPSC/4 TEST FIXTURING 2M3400 2M 15-Oct-93 15,941.15 6,642.15 9,299.00
36 4105589001 4490 PRINT MODULE TESTER 2M3400 2M 15-Dec-89 7,370.08 7,370.08 0.00
36 3483683002 APHO/1 TEST FIXTURE 2M3400 2M 15-Dec-83 1,358.32 1,358.32 0.00
36 3400581001 T3 BOARD BURN-IN 2M3400 2M 21-Oct-83 53,924.84 53,924.84 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 4184892001 AUTO PS BOARD SSPS TESTER 1,213.74 606.87 23,667.87
36 3482087001 ADD-ON SHEET FEEDER 0.00 0.00 0.00
36 4157191001 G4470/90 P&P STATION 5.99 2.99 32.94
36 4010188001 RS232/422 INTERFACE ADAPT 0.00 0.00 0.00
36 3473182001 3S6202AB0005A1 0.00 0.00 0.00
36 4155491001 TEST HEAD FOR UNIV TESTER 58.16 29.08 319.90
36 4305193001 TTLB1 TEST FIXTURE 133.51 66.75 4,338.93
36 3502887001 ADD-ON WATT METER 0.00 0.00 0.00
36 M00000268 FLUKE DIGITAL MULTIMETER 0.00 0.00 0.00
36 4007388001 KIKUSUI POWER SUPPLY 0.00 0.00 0.00
36 4006788001 PCB-462A AMP 0.00 0.00 0.00
36 4171091001 XYLINX UNIV FINAL TEST BOX #1 98.08 49.04 1,225.99
36 4156991001 PHCP/4 GENRAD FIXTURE 37.65 18.82 207.06
36 3472982001 3S6242AB0001A1 0.00 0.00 0.00
36 M00000422 ZENDEZ COMPUTER C/D-ZC-71 0.00 0.00 0.00
36 3541785002 ADD-SHAD TEST & TS 0.00 0.00 0.00
36 M00000441 DAKE #1 BENCH ARBOR PRESS 0.00 0.00 0.00
36 3498385004 ADD-T3MC/3 GENRAD 0.00 0.00 0.00
36 3429281001 TENNEY CHAMBER 0.00 0.00 0.00
36 4304993001 SP5C4 TEST FIXTURE 111.07 55.54 3,609.76
36 4043089001 FIXTURES--BACK PLANE BD. 0.00 0.00 0.00
36 4006688001 4470 PRINTHEAD TESTER TMS 0.00 0.00 0.00
36 4340094001 CX PTR CART CT-CPD-222 3.33 1.67 135.00
36 4170891001 ENHANCE G-4400 PRINT 53.33 26.66 666.59
36 4339594001 POCKETSCAN CX/TWX TEST SYS 22.77 11.38 922.05
36 3424681001 T9ZZR SCOPE 0.00 0.00 0.00
36 3419181001 T2000 FINAL TEST#6 0.00 0.00 0.00
36 3429583002 T2000 PWR SUPPLY 0.00 0.00 0.00
36 4009388001 SORENSEN POWER SUPPLY 0.00 0.00 0.00
36 3498584001 GE3000 BURN-IN CON 0.00 0.00 0.00
36 4066489001 PRINTER MODULE 4470/90 0.00 0.00 0.00
36 3856887001 PORTABLE HI-POT CURRENT 0.00 0.00 0.00
36 4171591001 ENHANCE TO G-4000 FINAL TEST 66.53 33.27 831.62
36 4410995001 LEXMART 4029 PRINTER 19.63 9.81 1,393.71
36 H0002297 MOLEX INC BENCH CRIMPER M 0.00 0.00 0.00
36 3541385001 ADD-SMIM TEST & TS 0.00 0.00 0.00
36 3368480001 GENRAD TESTER 0.00 0.00 0.00
36 3667586001 ACTUATOR GRINDER SUPPLE 0.00 0.00 0.00
36 3774787001 STEREOSCOPE-MTI 377-952 0.00 0.00 0.00
36 3503387001 ADD-ON WATT METER 0.00 0.00 0.00
36 3407281001 ANALYZER 0.00 0.00 0.00
36 4012588001 OMEGAMETER IONIC TEST SYS 0.00 0.00 0.00
36 4006188001 PCB-462A AMP TMS 0.00 0.00 0.00
36 4167291001 XYLINX UNIV TEST BOX #1 42.57 21.29 447.00
36 4291893001 PHOENIX HANGER QUEEN/SPARE BD 112.08 56.04 3,530.65
36 3536684001 TRANSFORMER 0.00 0.00 0.00
36 4320493001 SPSC/4 TEST FIXTURING 265.69 132.84 9,166.16
36 4105589001 4490 PRINT MODULE TESTER 0.00 0.00 0.00
36 3483683002 APHO/1 TEST FIXTURE 0.00 0.00 0.00
36 3400581001 T3 BOARD BURN-IN 0.00 0.00 0.00
</TABLE>
29
E-154
<PAGE> 155
Page 30 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 4148891001 SMAD GENRAD TEST 2M3001 2M 15-Mar-91 5,507.28 5,271.93 235.35
36 3498385003 ADD-BPAR GENRAD 2M3400 2M 15-Jun-85 1,693.17 1,693.17 0.00
36 3498385006 ADD-MPTR GENRAD 2M3400 2M 15-Nov-85 1,611.44 1,611.44 0.00
36 3483183002 SORENSEN PS STM28- 2M3400 2M 15-Dec-83 543.15 543.15 0.00
36 4320393001 SPER BOARD TESTER 2M3400 2M 15-Oct-93 90,647.83 37,769.93 52,877.90
36 4154391001 SPIO/1 INCIRCUIT TESTER 2M3400 2M 01-May-91 5,104.72 4,751.95 352.77
36 4358494001 HP LASERJET 4 PLUS PRINTER 2M3802 2M 15-Aug-94 1,492.66 422.93 1,069.73
36 3424881001 PULSE GENERATOR 2M3400 2M 21-Oct-83 1,164.17 1,164.17 0.00
36 3445582001 GENRAD 2270 2M3400 2M 21-Oct-83 144,200.61 144,200.61 0.00
36 3472482001 SORENSEN PWR SUPPY 2M3400 2M 21-Oct-83 1,269.74 1,269.74 0.00
36 3405180001 DIGITEC DPM 2M3400 2M 21-Oct-83 1,042.62 1,042.62 0.00
36 3503583002 FLOPPY DISK 2M3400 2M 15-Dec-83 255.60 255.60 0.00
36 4339994001 TX PTR CART CT-TPD-224 2M3400 2M 15-Apr-94 200.00 63.33 136.67
36 4171191001 XYLINX UNIV TEST BOX # 7 2M3400 2M 15-Dec-91 1,962.83 1,537.55 425.28
36 3402381001 QRD 30-1 PWR SUPLY 2M3400 2M 21-Oct-83 1,072.29 1,072.29 0.00
36 4157691001 G4000 FINAL TEST STATION 2M3136 2M 15-May-91 8,907.62 8,016.85 890.77
36 4291593001 RINGS-THREAD GAGES 2M3400 2M 15-Jul-93 1,381.27 644.59 736.68
36 3481283002 3000 RUN-IN #2 2M3400 2M 15-Dec-83 2,793.60 2,793.60 0.00
36 3471683002 STATIC STROKE #1 2M3400 2M 15-Dec-83 193.42 193.42 0.00
36 3520887001 ADD-ON SHEET FEEDER 2M3400 2M 15-Dec-87 539.12 539.12 0.00
36 4360894001 STATIC TEST BOX 2M3400 2M 15-Aug-94 374.78 93.70 281.08
36 3483983002 STATIC STRKE ADJ 2M3400 2M 15-Dec-83 252.17 252.17 0.00
36 4243192001 SMIS FUNCTIONAL TEST ARRAY 2M3400 2M 15-Dec-92 74,412.14 51,158.34 23,253.80
36 4291393001 4470/90 PRINT HEAD TEST SYS 2M3400 2M 15-Jul-93 11,723.16 5,470.81 6,252.35
36 4154791001 SMIS GENRAD FIXTURE 2M3400 2M 01-May-91 5,118.79 4,765.05 353.74
36 3493884001 DIGITAL MULTIMETER 2M3400 2M 15-Jan-84 414.00 414.00 0.00
36 4170991001 XYLINX UNIV TEST BOX #2 2M3322 2M 15-Dec-91 1,184.97 928.23 256.74
36 3522487001 ADD-ON SHEET FEEDER 2M3400 2M 15-Dec-87 631.52 631.52 0.00
36 H0002241 MOLEX INC BENCH CRIMPER M 2M3400 2M 15-Feb-87 1,400.25 1,400.25 0.00
36 4007588001 SSPC/SSBO BD.TEST/TROUBLS 2M3400 2M 15-Dec-88 10,852.07 10,852.07 0.00
36 3564185001 T3CI CAPABLE-3000 FINAL 2M3400 2M 15-Jun-85 364.31 364.31 0.00
36 3304880001 RIBBON WELDER 2M3400 2M 21-Oct-83 3,195.00 3,195.00 0.00
36 3460882001 SCPU-APTR TESTER #2 2M3400 2M 21-Oct-83 4,667.26 4,667.26 0.00
36 3402181001 TVFB TESTER 2M3400 2M 21-Oct-83 319.50 319.50 0.00
36 3498385001 ADD-T3L/8 GENRAD 2M3400 2M 15-Jun-85 2,448.33 2,448.33 0.00
36 H0005810 FLUKE 8000A DIGITAL MULTI 2M3400 2M 15-Feb-87 425.20 425.20 0.00
36 3425084001 ADD-50 PRINT HD RU 2M3400 2M 15-Sep-84 762.80 762.80 0.00
36 4154191001 SSPS/1 GENRAD TESTER 2M3400 2M 15-May-91 3,216.81 2,994.51 222.30
36 3564085001 T3CI CAPABLE-3000 FINAL 2M3400 2M 15-Jun-85 364.31 364.31 0.00
36 4291293001 4470/90 PRINT HEAD TEST SYS 2M3400 2M 15-Jul-93 11,723.16 5,470.81 6,252.35
36 3414081001 T3PS TS STATION 2M3400 2M 21-Oct-83 6,775.32 6,775.32 0.00
36 3483383002 SORENSEN PS SSD12- 2M3400 2M 15-Dec-83 479.25 479.25 0.00
36 4273793001 TEST KIT 2M3400 2M 15-May-93 224.13 108.33 115.80
36 3482884001 ADD-MINI UNIFACE #6T9610 2M3400 2M 15-Mar-84 51.96 51.96 0.00
36 3563985001 T3CI CAPABLE-3000 FINAL 2M3400 2M 15-Jun-85 364.31 364.31 0.00
36 426249301 SPIO FUNCTIONAL TESTER 2M3400 2M 15-Apr-93 45,537.25 23,527.58 22,009.67
36 3498587001 CPAR PWB BURN IN 2M3400 2M 15-Dec-87 1,775.02 1,775.02 0.00
36 3460682001 T9610 CONTROLLER 2M3400 2M 21-Oct-83 1,214.91 1,214.91 0.00
36 3472583002 MANUAL BURNIN #2 2M3400 2M 15-Dec-83 2,894.80 2,894.80 0.00
36 3524884001 LEAR SIEGLER CRT 2M3400 2M 15-Sep-84 500.00 500.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 4148891001 SMAD GENRAD TEST 58.84 29.42 0.00
36 3498385003 ADD-BPAR GENRAD 0.00 0.00 0.00
36 3498385006 ADD-MPTR GENRAD 0.00 0.00 0.00
36 3483183002 SORENSEN PS STM28- 0.00 0.00 0.00
36 4320393001 SPER BOARD TESTER 1,510.80 755.40 52,122.50
36 4154391001 SPIO/1 INCIRCUIT TESTER 58.79 29.40 323.37
36 4358494001 HP LASERJET 4 PLUS PRINTER 24.88 12.44 1,057.29
36 3424881001 PULSE GENERATOR 0.00 0.00 0.00
36 3445582001 GENRAD 2270 0.00 0.00 0.00
36 3472482001 SORENSEN PWR SUPPY 0.00 0.00 0.00
36 3405180001 DIGITEC DPM 0.00 0.00 0.00
36 3503583002 FLOPPY DISK 0.00 0.00 0.00
36 4339994001 TX PTR CART CT-TPD-224 3.33 1.67 135.00
36 4171191001 XYLINX UNIV TEST BOX # 7 32.71 16.36 408.92
36 3402381001 QRD 30-1 PWR SUPLY 0.00 0.00 0.00
36 4157691001 G4000 FINAL TEST STATION 148.46 74.23 816.54
36 4291593001 RINGS-THREAD GAGES 23.02 11.51 725.17
36 3481283002 3000 RUN-IN #2 0.00 0.00 0.00
36 3471683002 STATIC STROKE #1 0.00 0.00 0.00
36 3520887001 ADD-ON SHEET FEEDER 0.00 0.00 0.00
36 4360894001 STATIC TEST BOX 6.25 3.12 277.96
36 3483983002 STATIC STRKE ADJ 0.00 0.00 0.00
36 4243192001 SMIS FUNCTIONAL TEST ARRAY 930.15 465.08 22,788.72
36 4291393001 4470/90 PRINT HEAD TEST SYS 195.39 97.69 6,154.66
36 4154791001 SMIS GENRAD FIXTURE 58.96 29.48 324.26
36 3493884001 DIGITAL MULTIMETER 0.00 0.00 0.00
36 4170991001 XYLINX UNIV TEST BOX #2 19.75 9.88 246.87
36 3522487001 ADD-ON SHEET FEEDER 0.00 0.00 0.00
36 H0002241 MOLEX INC BENCH CRIMPER M 0.00 0.00 0.00
36 4007588001 SSPC/SSBO BD.TEST/TROUBLS 0.00 0.00 0.00
36 3564185001 T3CI CAPABLE-3000 FINAL 0.00 0.00 0.00
36 3304880001 RIBBON WELDER 0.00 0.00 0.00
36 3460882001 SCPU-APTR TESTER #2 0.00 0.00 0.00
36 3402181001 TVFB TESTER 0.00 0.00 0.00
36 3498385001 ADD-T3L/8 GENRAD 0.00 0.00 0.00
36 H0005810 FLUKE 8000A DIGITAL MULTI 0.00 0.00 0.00
36 3425084001 ADD-50 PRINT HD RU 0.00 0.00 0.00
36 4154191001 SSPS/1 GENRAD TESTER 37.05 18.53 203.78
36 3564085001 T3CI CAPABLE-3000 FINAL 0.00 0.00 0.00
36 4291293001 4470/90 PRINT HEAD TEST SYS 195.39 97.69 6,154.66
36 3414081001 T3PS TS STATION 0.00 0.00 0.00
36 3483383002 SORENSEN PS SSD12- 0.00 0.00 0.00
36 4273793001 TEST KIT 3.74 1.87 113.93
36 3482884001 ADD-MINI UNIFACE #6T9610 0.00 0.00 0.00
36 3563985001 T3CI CAPABLE-3000 FINAL 0.00 0.00 0.00
36 426249301 SPIO FUNCTIONAL TESTER 758.95 379.48 21,630.19
36 3498587001 CPAR PWB BURN IN 0.00 0.00 0.00
36 3460682001 T9610 CONTROLLER 0.00 0.00 0.00
36 3472583002 MANUAL BURNIN #2 0.00 0.00 0.00
36 3524884001 LEAR SIEGLER CRT 0.00 0.00 0.00
</TABLE>
30
E-155
<PAGE> 156
Page 31 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 3563885001 T3CI CAPABLE-3000 FINAL 2M3400 2M 15-Jun-85 364.32 364.32 0.00
36 3483283002 SORENSEN PS STM28- 2M3400 2M 15-Dec-83 543.15 543.15 0.00
36 4158091001 SPCP/1, SMDP/6 TEST FIX 2M3136 2M 15-May-91 3,537.71 3,293.24 244.47
36 3500683002 ZERO POSITION FIX 2M3400 2M 15-Dec-83 2,996.29 2,996.29 0.00
36 4167491001 XYLINX UNIV TEST BOX #5 2M3134 2M 15-Oct-91 3,701.89 3,023.22 678.67
36 4153891001 4000 FT STATION MODULE 2M3322 2M 15-May-91 4,741.14 4,188.01 553.13
36 3857887001 UNIVERSAL CONTROL PANEL 2M3400 2M 15-Dec-87 24,528.42 24,528.42 0.00
36 M00000481 CHATILLON MST-250 TENSILE 2M3400 2M 15-Feb-87 1,000.20 1,000.20 0.00
36 3467783002 TMS TESTER 2M3400 2M 15-Dec-83 10,907.48 10,907.48 0.00
36 3504284001 ADD-RUN-IN TABLE #4 2M3400 2M 15-Feb-84 20.00 20.00 0.00
36 3468682001 T3C1/2 PWB TESTER 2M3400 2M 21-Oct-83 5,771.45 5,771.45 0.00
36 3391581001 PIN INSERTION MACHINE 2M3400 2M 21-Oct-83 19,170.00 19,170.00 0.00
36 3500783002 STAT STROKE ADJ ST 2M3400 2M 15-Dec-83 270.72 270.72 0.00
36 4157891001 G4000 FINAL TEST STATION 2M3136 2M 15-May-91 9,440.90 9,440.90 0.00
36 3500284001 ADD-SPARE PARTS STATION 2M3400 2M 15-Feb-84 934.97 934.97 0.00
36 3562685001 T30/T200 PH GRIND SUPPLY 2M3400 2M 15-Jun-85 983.11 983.11 0.00
36 4339794001 POCKETSCAN CX/TWX TEST SYS 2M3400 2M 15-Apr-94 1,406.00 445.23 960.77
36 3482784001 ADD-MINI UNIFACE #41T9610 2M3400 2M 15-Mar-84 51.96 51.96 0.00
36 3960188001 TWINAX TEST ADAPTOR 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 3525384001 4 STATION RUN-IN 2M3400 2M 15-Sep-84 5,261.80 5,261.80 0.00
36 H0002899 SIMPSON 464 DIGITAL MULTI 2M3400 2M 15-Feb-87 200.20 200.20 0.00
36 3429981001 SORENSEN QRD 20-4 2M3400 2M 21-Oct-83 1,083.79 1,083.79 0.00
36 3400881001 T200 RO 2M3400 2M 21-Oct-83 1,227.95 1,227.95 0.00
36 3278179001 L01 FORCE GAGE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
36 4180092001 40 PIN SKT MOD 2M3400 2M 15-Jun-92 8,696.28 6,065.07 2,631.21
36 4066589001 2ND PRINT MODULE 4470/90 2M3400 2M 15-Aug-89 4,752.39 4,752.39 0.00
36 3522784001 HARD DISK 2M3400 2M 15-Sep-84 1,388.00 1,388.00 0.00
36 3459982001 ACPL/PPI TESTER 2M3400 2M 21-Oct-83 1,405.16 1,405.16 0.00
36 3526084001 SORENSON POWER SUP 2M3400 2M 15-Sep-84 1,450.00 1,450.00 0.00
36 3400981001 T200 KSR 2M3400 2M 21-Oct-83 1,339.13 1,339.13 0.00
36 3660986001 GANG PROGRAMMER 2M3400 2M 15-Nov-86 1,495.00 1,495.00 0.00
36 3503884001 CSPC TESTER 2M3400 2M 15-Feb-84 785.51 785.51 0.00
36 3482383002 HARD DISK 2M3400 2M 15-Dec-83 287.55 287.55 0.00
36 3277979001 TT TESTER 2M3400 2M 21-Oct-83 639.00 639.00 0.00
36 3498585001 ADD-BURN IN CONTROL 2M3400 2M 15-Jun-85 7,402.59 7,402.59 0.00
36 3637686001 UNIVERSAL INTERFACE 2M3400 2M 15-Aug-86 17,467.38 17,467.38 0.00
36 3498583002 BURN-IN CONTROL 2M3400 2M 15-Dec-83 70,831.42 70,831.42 0.00
36 4290793001 PHOENIX HANGER QN/POCK SCAN 2M3400 2M 15-Jul-93 413.87 193.14 220.73
36 3773487001 CONDE VACUUM UNIT 5HP 2M3400 2M 15-May-87 1,866.40 1,866.40 0.00
36 4105289001 4470/90 CONTROL PANEL TES 2M3400 2M 15-Dec-89 5,692.59 5,692.59 0.00
36 3471582001 HEAD STATIC STROKE 2M3400 2M 21-Oct-83 2,081.66 2,081.66 0.00
36 3231878001 T465R SCOPE 2M3400 2M 21-Oct-83 1,154.03 1,154.03 0.00
36 3459984001 ADD-ACPL/PPI TESTER 2M3400 2M 15-Dec-84 2,585.28 2,585.28 0.00
36 3498683002 SORENSEN POWER SUP 2M3400 2M 15-Dec-83 744.44 744.44 0.00
36 3525884001 SORENSON POWER SUP 2M3400 2M 15-Sep-84 1,165.00 1,165.00 0.00
36 3639487001 ADD-ON WATT METER 2M3400 2M 15-Dec-87 272.32 272.32 0.00
36 3230478001 SIMPSON 464A 2M3132 2M 21-Oct-83 87.54 87.54 0.00
36 3498384001 GENRAD 2270 TESTER 2M3400 2M 15-Feb-84 257,526.47 257,526.47 0.00
36 3432581001 SD PWB TESTER 2M3400 2M 21-Oct-83 2,007.74 2,007.74 0.00
36 3473082001 3S6242AB0001A1 2M3400 2M 21-Oct-83 2,875.50 2,875.50 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 3563885001 T3CI CAPABLE-3000 FINAL 0.00 0.00 0.00
36 3483283002 SORENSEN PS STM28- 0.00 0.00 0.00
36 4158091001 SPCP/1, SMDP/6 TEST FIX 40.75 20.37 224.10
36 3500683002 ZERO POSITION FIX 0.00 0.00 0.00
36 4167491001 XYLINX UNIV TEST BOX #5 61.70 30.85 647.82
36 4153891001 4000 FT STATION MODULE 79.02 39.51 513.62
36 3857887001 UNIVERSAL CONTROL PANEL 0.00 0.00 0.00
36 M00000481 CHATILLON MST-250 TENSILE 0.00 0.00 0.00
36 3467783002 TMS TESTER 0.00 0.00 0.00
36 3504284001 ADD-RUN-IN TABLE #4 0.00 0.00 0.00
36 3468682001 T3C1/2 PWB TESTER 0.00 0.00 0.00
36 3391581001 PIN INSERTION MACHINE 0.00 0.00 0.00
36 3500783002 STAT STROKE ADJ ST 0.00 0.00 0.00
36 4157891001 G4000 FINAL TEST STATION 0.00 0.00 0.00
36 3500284001 ADD-SPARE PARTS STATION 0.00 0.00 0.00
36 3562685001 T30/T200 PH GRIND SUPPLY 0.00 0.00 0.00
36 4339794001 POCKETSCAN CX/TWX TEST SYS 23.43 11.72 949.05
36 3482784001 ADD-MINI UNIFACE #41T9610 0.00 0.00 0.00
36 3960188001 TWINAX TEST ADAPTOR 0.00 0.00 0.00
36 3525384001 4 STATION RUN-IN 0.00 0.00 0.00
36 H0002899 SIMPSON 464 DIGITAL MULTI 0.00 0.00 0.00
36 3429981001 SORENSEN QRD 20-4 0.00 0.00 0.00
36 3400881001 T200 RO 0.00 0.00 0.00
36 3278179001 L01 FORCE GAGE 0.00 0.00 0.00
36 4180092001 40 PIN SKT MOD 138.49 69.24 2,561.97
36 4066589001 2ND PRINT MODULE 4470/90 0.00 0.00 0.00
36 3522784001 HARD DISK 0.00 0.00 0.00
36 3459982001 ACPL/PPI TESTER 0.00 0.00 0.00
36 3526084001 SORENSON POWER SUP 0.00 0.00 0.00
36 3400981001 T200 KSR 0.00 0.00 0.00
36 3660986001 GANG PROGRAMMER 0.00 0.00 0.00
36 3503884001 CSPC TESTER 0.00 0.00 0.00
36 3482383002 HARD DISK 0.00 0.00 0.00
36 3277979001 TT TESTER 0.00 0.00 0.00
36 3498585001 ADD-BURN IN CONTROL 0.00 0.00 0.00
36 3637686001 UNIVERSAL INTERFACE 0.00 0.00 0.00
36 3498583002 BURN-IN CONTROL 0.00 0.00 0.00
36 4290793001 PHOENIX HANGER QN/POCK SCAN 6.90 3.45 217.28
36 3773487001 CONDE VACUUM UNIT 5HP 0.00 0.00 0.00
36 4105289001 4470/90 CONTROL PANEL TES 0.00 0.00 0.00
36 3471582001 HEAD STATIC STROKE 0.00 0.00 0.00
36 3231878001 T465R SCOPE 0.00 0.00 0.00
36 3459984001 ADD-ACPL/PPI TESTER 0.00 0.00 0.00
36 3498683002 SORENSEN POWER SUP 0.00 0.00 0.00
36 3525884001 SORENSON POWER SUP 0.00 0.00 0.00
36 3639487001 ADD-ON WATT METER 0.00 0.00 0.00
36 3230478001 SIMPSON 464A 0.00 0.00 0.00
36 3498384001 GENRAD 2270 TESTER 0.00 0.00 0.00
36 3432581001 SD PWB TESTER 0.00 0.00 0.00
36 3473082001 3S6242AB0001A1 0.00 0.00 0.00
</TABLE>
31
E-156
<PAGE> 157
Page 32 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 4167691001 ENHANCE G4000 VOLT CAP #2 2M3322 2M 15-Oct-91 10,878.43 8,884.05 1,994.38
36 4167591001 PRINT MODULE 4470/4490 2M3400 2M 15-Oct-91 15,269.76 12,328.30 2,941.46
36 3595185001 DRIVER SUPPLY (TMS) 2M3400 2M 15-Nov-85 1,500.00 1,500.00 0.00
36 3468882001 3000 HEAD TESTER 2M3400 2M 21-Oct-83 8,783.06 8,783.06 0.00
36 3472082001 ACH PWB TESTER # 1 2M3400 2M 21-Oct-83 2,509.35 2,509.35 0.00
36 4184592001 POCKET SCAN TWINAX TEST BOX 2M3400 2M 15-Jul-92 1,376.99 918.00 458.99
36 3639486001 G3000 FINAL TEST 2M3400 2M 15-Aug-86 13,516.43 13,516.43 0.00
36 4334294001 TTLB TEST BOARD 2M3400 2M 15-Feb-94 29,847.52 10,446.64 19,400.88
36 3472882001 3S6242AB0001A1 2M3400 2M 21-Oct-83 1,334.81 1,334.81 0.00
36 4104489001 SMMC TEST & TRBLSHOOT 2M3400 2M 15-Dec-89 23,019.01 23,019.01 0.00
36 3414483002 RUN-IN 30 STATATIO 2M3400 2M 15-Dec-83 78.14 78.14 0.00
36 4290393001 PHOENIX APPITURE ADJ STAT 2M3400 2M 15-Jul-93 2,095.66 977.98 1,117.68
36 3498385007 ADD-SMIH/3 GENRAD 2M3400 2M 15-Nov-85 2,804.20 2,804.20 0.00
36 M00000395 CENTRONICS COIL WINDER W/ 2M3400 2M 15-Feb-87 1,500.15 1,500.15 0.00
36 3460385001 ADD-ACL MANUAL TS 2M3400 2M 15-Nov-85 3,293.80 3,293.80 0.00
36 3469782001 PESCHEL HIPOT S25Y 2M3400 2M 21-Oct-83 1,121.87 1,121.87 0.00
36 3405680001 T9610 8029-L-01644 2M3400 2M 21-Oct-83 1,075.14 1,075.14 0.00
36 3499083002 SORENSEN POWER SUP 2M3400 2M 15-Dec-83 744.44 744.44 0.00
36 4358394001 HP LASERJET 4 PLUS PRINTER 2M3802 2M 15-Aug-94 1,492.66 373.17 1,119.49
36 3524187001 ADD-ON WATT METER 2M3400 2M 15-Dec-87 295.71 295.71 0.00
36 4119182001 PEM SERTER PRESS 2M3400 2M 21-Oct-83 4,792.50 4,792.50 0.00
36 3382181001 CABLE TESTER 2M3400 2M 21-Oct-83 1,136.81 1,136.81 0.00
36 4006088001 4470 PRINTHEAD TESTER TMS 2M3400 2M 15-Dec-88 34,213.30 34,213.30 0.00
36 3429581001 T2000 PWR SUP TEST 2M3400 2M 21-Oct-83 8,783.06 8,783.06 0.00
36 3471782001 STATIC STROKE # 2 2M3400 2M 21-Oct-83 803.22 803.22 0.00
36 3638786001 ACH/6 BOARD HI POT TESTER 2M3400 2M 15-Aug-86 1,309.99 1,309.99 0.00
36 3461582001 PERSONALITY MODULE 2M3400 2M 21-Oct-83 1,258.84 1,258.84 0.00
36 4007288001 SSSC BOARD TEST/TROUBLESH 2M3400 2M 15-Dec-88 8,146.82 8,146.82 0.00
36 3498883002 SORENSEN POWER SUP 2M3400 2M 15-Dec-83 527.18 527.18 0.00
36 3536484001 SORENSON POWER SUPPLY 2M3400 2M 15-Dec-84 1,960.00 1,960.00 0.00
36 4141290001 UNIVERSAL PROGRAMMER 2M3400 2M 15-Dec-90 1,500.00 1,475.00 25.00
36 4340194001 TX PTR CART CT-TPD-224 2M3400 2M 15-Apr-94 200.00 63.33 136.67
36 3424581001 T2120 IMPACT TESTR 2M3400 2M 21-Oct-83 6,775.32 6,775.32 0.00
36 C0005022 GENRAD 2271 TESTER 2M3400 2M 15-Feb-87 133,364.73 133,364.73 0.00
36 3637786001 LCPS TEST & TS 2M3400 2M 15-Aug-86 3,045.68 3,045.68 0.00
36 H0002720 HP DIGITAL VOLTMETER MOD 2M3400 2M 15-Feb-87 3,600.25 3,600.25 0.00
36 3404580001 VIDEO TERMINAL 2M3400 2M 21-Oct-83 1,087.05 1,087.05 0.00
36 3472682001 3S6402AB0005A1 2M3400 2M 21-Oct-83 1,336.56 1,336.56 0.00
36 4284593001 SWIFT MICROSCOPE 2M3400 2M 15-Jun-93 807.81 390.44 417.37
36 4009488001 4000 GRINDER SUPPLY 2M3400 2M 15-Dec-88 3,772.42 3,772.42 0.00
36 3497484001 DIGITAL MULTIMETER 2M3400 2M 15-Feb-84 937.13 937.13 0.00
36 4167191001 XYLINX UNIV TEST BOX #3 2M3134 2M 15-Oct-91 4,073.02 3,326.30 746.72
36 3522284001 TROUBLESHOOT STATION 2M3400 2M 15-Sep-84 5,271.05 5,271.05 0.00
36 3860287001 T3CI ADAPTER 3000 UNIT TS 2M3400 2M 15-Dec-87 605.55 605.55 0.00
36 3526484001 3000 RUNIN TABLE 2 2M3400 2M 15-Sep-84 3,927.84 3,927.84 0.00
36 3469482001 T9610 CONTROLLER 2M3400 2M 21-Oct-83 1,238.17 1,238.17 0.00
36 3500183002 MP15 LINEAR GAGE 2M3400 2M 15-Dec-83 290.75 290.75 0.00
36 3541584001 SMSM TEST & TROUBLESHOOT 2M3400 2M 15-Dec-84 15,416.77 15,416.77 0.00
36 3498385009 ADD-ACH/6 GENRAD 2M3400 2M 15-Nov-85 1,068.05 1,068.05 0.00
36 3472782001 3S6242AB0001A1 2M3400 2M 21-Oct-83 1,334.81 1,334.81 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 4167691001 ENHANCE G4000 VOLT CAP #2 181.31 90.65 1,903.73
36 4167591001 PRINT MODULE 4470/4490 267.41 133.70 2,807.76
36 3595185001 DRIVER SUPPLY (TMS) 0.00 0.00 0.00
36 3468882001 3000 HEAD TESTER 0.00 0.00 0.00
36 3472082001 ACH PWB TESTER # 1 0.00 0.00 0.00
36 4184592001 POCKET SCAN TWINAX TEST BOX 22.95 11.48 447.52
36 3639486001 G3000 FINAL TEST 0.00 0.00 0.00
36 4334294001 TTLB TEST BOARD 497.46 248.73 19,152.15
36 3472882001 3S6242AB0001A1 0.00 0.00 0.00
36 4104489001 SMMC TEST & TRBLSHOOT 0.00 0.00 0.00
36 3414483002 RUN-IN 30 STATATIO 0.00 0.00 0.00
36 4290393001 PHOENIX APPITURE ADJ STAT 34.93 17.46 1,100.22
36 3498385007 ADD-SMIH/3 GENRAD 0.00 0.00 0.00
36 M00000395 CENTRONICS COIL WINDER W/ 0.00 0.00 0.00
36 3460385001 ADD-ACL MANUAL TS 0.00 0.00 0.00
36 3469782001 PESCHEL HIPOT S25Y 0.00 0.00 0.00
36 3405680001 T9610 8029-L-01644 0.00 0.00 0.00
36 3499083002 SORENSEN POWER SUP 0.00 0.00 0.00
36 4358394001 HP LASERJET 4 PLUS PRINTER 24.88 12.44 1,107.05
36 3524187001 ADD-ON WATT METER 0.00 0.00 0.00
36 4119182001 PEM SERTER PRESS 0.00 0.00 0.00
36 3382181001 CABLE TESTER 0.00 0.00 0.00
36 4006088001 4470 PRINTHEAD TESTER TMS 0.00 0.00 0.00
36 3429581001 T2000 PWR SUP TEST 0.00 0.00 0.00
36 3471782001 STATIC STROKE # 2 0.00 0.00 0.00
36 3638786001 ACH/6 BOARD HI POT TESTER 0.00 0.00 0.00
36 3461582001 PERSONALITY MODULE 0.00 0.00 0.00
36 4007288001 SSSC BOARD TEST/TROUBLESH 0.00 0.00 0.00
36 3498883002 SORENSEN POWER SUP 0.00 0.00 0.00
36 3536484001 SORENSON POWER SUPPLY 0.00 0.00 0.00
36 4141290001 UNIVERSAL PROGRAMMER 25.00 12.50 0.00
36 4340194001 TX PTR CART CT-TPD-224 3.33 1.67 135.00
36 3424581001 T2120 IMPACT TESTR 0.00 0.00 0.00
36 C0005022 GENRAD 2271 TESTER 0.00 0.00 0.00
36 3637786001 LCPS TEST & TS 0.00 0.00 0.00
36 H0002720 HP DIGITAL VOLTMETER MOD 0.00 0.00 0.00
36 3404580001 VIDEO TERMINAL 0.00 0.00 0.00
36 3472682001 3S6402AB0005A1 0.00 0.00 0.00
36 4284593001 SWIFT MICROSCOPE 13.46 6.73 410.64
36 4009488001 4000 GRINDER SUPPLY 0.00 0.00 0.00
36 3497484001 DIGITAL MULTIMETER 0.00 0.00 0.00
36 4167191001 XYLINX UNIV TEST BOX #3 67.88 33.94 712.78
36 3522284001 TROUBLESHOOT STATION 0.00 0.00 0.00
36 3860287001 T3CI ADAPTER 3000 UNIT TS 0.00 0.00 0.00
36 3526484001 3000 RUNIN TABLE 2 0.00 0.00 0.00
36 3469482001 T9610 CONTROLLER 0.00 0.00 0.00
36 3500183002 MP15 LINEAR GAGE 0.00 0.00 0.00
36 3541584001 SMSM TEST & TROUBLESHOOT 0.00 0.00 0.00
36 3498385009 ADD-ACH/6 GENRAD 0.00 0.00 0.00
36 3472782001 3S6242AB0001A1 0.00 0.00 0.00
</TABLE>
32
E-157
<PAGE> 158
Page 33 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 3541585001 ADD-SMSM TEST & TS 2M3400 2M 15-Nov-85 370.77 370.77 0.00
36 3469382001 GE-3000 RUN-IN #1 2M3400 2M 21-Oct-83 2,219.87 2,219.87 0.00
36 3500083002 BASIC TOOL SCOPE 2M3400 2M 15-Dec-83 293.94 293.94 0.00
36 3526184001 SORENSON POWER SUP 2M3400 2M 15-Sep-84 1,980.00 1,980.00 0.00
36 4009588001 POWER CONDITIONER 2M3400 2M 15-Dec-88 9,995.00 9,995.00 0.00
36 3499783002 PESCHEL HIPOT P-2Y 2M3400 2M 15-Dec-83 351.45 351.45 0.00
36 3367787001 SMIM TEST & TS 2M3400 2M 15-Dec-87 18,698.42 18,698.42 0.00
36 4290493001 PHPS/3 GENRAD FIXTURE 2M3400 2M 15-Jul-93 2,586.30 1,206.94 1,379.36
36 3459985001 ADD-ACPL/PPI TESTER 2M3400 2M 15-Jun-85 1,761.49 1,761.49 0.00
36 3351780001 RIBBON TESTER 2M3400 2M 21-Oct-83 95.85 95.85 0.00
36 3976388001 COAX TEST ADAPTERS 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 4289093001 SMIS SPARE BD TEST STATION 2M3400 2M 15-Jul-93 6,049.77 2,823.23 3,226.54
36 3435281001 MICRO ANALYZER 2M3400 2M 21-Oct-83 1,889.84 1,889.84 0.00
36 3525984001 SORENSON POWER SUP 2M3400 2M 15-Sep-84 1,165.00 1,165.00 0.00
36 4182092001 (20) UNIT BOARD RUN IN SYS 2M3400 2M 15-Jun-92 84,385.82 59,643.06 24,742.76
36 4409395001 HPK LASERJET PRINTER 2M3802 2M 15-Feb-95 4,195.00 629.25 3,565.75
36 3503883002 SCPC TESTER 2M3400 2M 15-Dec-83 1,081.87 1,081.87 0.00
36 4336494001 SMPE/6 PWB INCIRCUIT TEST 2M3400 2M 15-Mar-94 2,370.40 790.14 1,580.26
36 4104689001 4000 ACTUATOR ADJ. STN. 2M3400 2M 15-Dec-89 29,704.96 29,704.96 0.00
36 4291093001 PYPDL HANGER QUEEN 2M3400 2M 15-Jul-93 7,206.35 3,362.96 3,843.39
36 4065289001 CONTROL PANEL TESTER 2M3400 2M 15-Aug-89 5,341.89 5,341.89 0.00
36 3666787001 ADD-ON PPPM TEST & TS#2 2M3400 2M 15-Apr-87 1,826.96 1,826.96 0.00
36 4179992001 1010 DUP CONTROL MODULE 2M3400 2M 15-Jun-92 2,813.54 1,988.59 824.95
36 3498385002 ADD-CGPU GENRAD 2M3400 2M 15-Jun-85 1,492.53 1,492.53 0.00
36 3498385005 ADD-SMSM/2 GENRAD 2M3400 2M 15-Nov-85 2,180.61 2,180.61 0.00
36 3472382001 SORENSEN PWR SUPPY 2M3400 2M 21-Oct-83 1,354.47 1,354.47 0.00
36 3498385008 ADD-SMMC/4 GENRAD 2M3400 2M 15-Nov-85 2,091.57 2,091.57 0.00
36 3859187001 BULL A3 SWITCH SELECT INT 2M3400 2M 15-Dec-87 487.60 487.60 0.00
36 4190592001 G4470/90 SPARES BURN IN SYS 2M3400 2M 15-Sep-92 51,077.79 32,179.15 18,898.64
36 C0006015 GENRAD 2271 TESTER 2M3400 2M 15-Feb-87 100,000.15 100,000.15 0.00
36 3639686001 MINI UNIFACE #14 2M3400 2M 15-Aug-86 2,489.99 2,489.99 0.00
36 H0002728 CRANE LAPMASTER 24 LAPPIN 2M3400 2M 15-Feb-87 6,500.20 6,500.20 0.00
36 3861087001 BULL A3 SWITCH SELECT.INT 2M3400 2M 15-Dec-87 552.56 552.56 0.00
36 3498385010 ADD-AWDR/4 GENRAD 2M3400 2M 15-Nov-85 1,227.26 1,227.26 0.00
36 3353180001 ELECTRONIC GAGE 2M3400 2M 21-Oct-83 1,161.93 1,161.93 0.00
36 4290893001 PYPD2 BD GENRAD FIXTURE 2M3400 2M 15-Jul-93 2,868.56 1,338.67 1,529.89
36 4290593001 PHPS/3 GENRAD FIXTURE 2M3400 2M 15-Jul-93 2,586.30 1,206.94 1,379.36
36 3594085001 SEAGATE HARD DISK DRIVE 2M3400 2M 15-Nov-85 745.72 745.72 0.00
36 3538084001 SORENSON PS QRD 204 2M3400 2M 15-Dec-84 550.00 550.00 0.00
36 4289993001 SPCP/2 INCIRCUIT TEST FIXTURE 2M3400 2M 15-Jul-93 3,034.95 1,416.31 1,618.64
36 4373295001 LEXMART 4029 PRINTER 2M3802 2M 15-Jan-95 1,441.34 264.24 1,177.10
36 4155691001 GENRAD FOR CHCP PWBA 2M3322 2M 15-May-91 6,099.00 5,677.53 421.47
36 3595085001 G4000 PRE ADJUST (TMS) 2M3400 2M 15-Nov-85 9,833.15 9,833.15 0.00
36 3666886001 EMULATOR 2M3400 2M 15-Dec-86 7,450.00 7,450.00 0.00
36 3537184001 APTR/5 TEST & TRBLSHOOT 2M3400 2M 15-Dec-84 12,500.36 12,500.36 0.00
36 3537884001 SORENSON PS QRD 204 2M3400 2M 15-Dec-84 550.00 550.00 0.00
36 3471783002 STATIC STROKE #2 2M3400 2M 15-Dec-83 193.42 193.42 0.00
36 3503483002 AC POWER SUPPLY 2M3400 2M 15-Dec-83 2,492.10 2,492.10 0.00
36 3667486001 600 LPM G4000 2M3400 2M 15-Dec-86 2,634.65 2,634.65 0.00
36 4008888001 SMHI TESTER 2M3400 2M 15-Dec-88 4,454.81 4,454.81 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 3541585001 ADD-SMSM TEST & TS 0.00 0.00 0.00
36 3469382001 GE-3000 RUN-IN #1 0.00 0.00 0.00
36 3500083002 BASIC TOOL SCOPE 0.00 0.00 0.00
36 3526184001 SORENSON POWER SUP 0.00 0.00 0.00
36 4009588001 POWER CONDITIONER 0.00 0.00 0.00
36 3499783002 PESCHEL HIPOT P-2Y 0.00 0.00 0.00
36 3367787001 SMIM TEST & TS 0.00 0.00 0.00
36 4290493001 PHPS/3 GENRAD FIXTURE 43.10 21.55 1,357.81
36 3459985001 ADD-ACPL/PPI TESTER 0.00 0.00 0.00
36 3351780001 RIBBON TESTER 0.00 0.00 0.00
36 3976388001 COAX TEST ADAPTERS 0.00 0.00 0.00
36 4289093001 SMIS SPARE BD TEST STATION 100.83 50.42 3,176.13
36 3435281001 MICRO ANALYZER 0.00 0.00 0.00
36 3525984001 SORENSON POWER SUP 0.00 0.00 0.00
36 4182092001 (20) UNIT BOARD RUN IN SYS 1,302.25 651.13 24,091.64
36 4409395001 HPK LASERJET PRINTER 57.20 28.60 3,537.15
36 3503883002 SCPC TESTER 0.00 0.00 0.00
36 4336494001 SMPE/6 PWB INCIRCUIT TEST 39.51 19.75 1,560.51
36 4104689001 4000 ACTUATOR ADJ. STN. 0.00 0.00 0.00
36 4291093001 PYPDL HANGER QUEEN 120.11 60.05 3,783.34
36 4065289001 CONTROL PANEL TESTER 0.00 0.00 0.00
36 3666787001 ADD-ON PPPM TEST & TS#2 0.00 0.00 0.00
36 4179992001 1010 DUP CONTROL MODULE 43.42 21.71 803.24
36 3498385002 ADD-CGPU GENRAD 0.00 0.00 0.00
36 3498385005 ADD-SMSM/2 GENRAD 0.00 0.00 0.00
36 3472382001 SORENSEN PWR SUPPY 0.00 0.00 0.00
36 3498385008 ADD-SMMC/4 GENRAD 0.00 0.00 0.00
36 3859187001 BULL A3 SWITCH SELECT INT 0.00 0.00 0.00
36 4190592001 G4470/90 SPARES BURN IN SYS 859.03 429.52 18,469.13
36 C0006015 GENRAD 2271 TESTER 955.13 477.56 0.00
36 3639686001 MINI UNIFACE #14 0.00 0.00 0.00
36 H0002728 CRANE LAPMASTER 24 LAPPIN 0.00 0.00 0.00
36 3861087001 BULL A3 SWITCH SELECT.INT 0.00 0.00 0.00
36 3498385010 ADD-AWDR/4 GENRAD 0.00 0.00 0.00
36 3353180001 ELECTRONIC GAGE 0.00 0.00 0.00
36 4290893001 PYPD2 BD GENRAD FIXTURE 47.81 23.91 1,505.99
36 4290593001 PHPS/3 GENRAD FIXTURE 43.10 21.55 1,357.81
36 3594085001 SEAGATE HARD DISK DRIVE 0.00 0.00 0.00
36 3538084001 SORENSON PS QRD 204 0.00 0.00 0.00
36 4289993001 SPCP/2 INCIRCUIT TEST FIXTURE 50.58 25.29 1,593.35
36 4373295001 LEXMART 4029 PRINTER 24.02 12.01 1,165.09
36 4155691001 GENRAD FOR CHCP PWBA 70.25 35.12 386.35
36 3595085001 G4000 PRE ADJUST (TMS) 0.00 0.00 0.00
36 3666886001 EMULATOR 0.00 0.00 0.00
36 3537184001 APTR/5 TEST & TRBLSHOOT 0.00 0.00 0.00
36 3537884001 SORENSON PS QRD 204 0.00 0.00 0.00
36 3471783002 STATIC STROKE #2 0.00 0.00 0.00
36 3503483002 AC POWER SUPPLY 0.00 0.00 0.00
36 3667486001 600 LPM G4000 0.00 0.00 0.00
36 4008888001 SMHI TESTER 0.00 0.00 0.00
</TABLE>
33
E-158
<PAGE> 159
Page 34 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 3500684001 ADD-ZERO POSITION FIXTURE 2M3400 2M 15-Feb-84 4.40 4.40 0.00
36 3500283002 SPARE PART STATION 2M3400 2M 15-Dec-83 7,263.17 7,263.17 0.00
36 4156391001 GENRAD PHOM/2 FIXTURE 2M3322 2M 15-May-91 284.02 264.39 19.63
36 4184792001 SMAD FUNCTIONAL TEST ARRAY 2M3400 2M 15-Jul-92 35,506.85 23,883.49 11,623.36
36 3427181001 T9610 CONTROLLER 2M3400 2M 21-Oct-83 1,207.63 1,207.63 0.00
36 3536984001 CPU TROUBLESHOOT #3 2M3400 2M 15-Dec-84 12,357.67 12,357.67 0.00
36 3364181001 ADD-T2000 FINAL TS 2M3400 2M 21-Oct-83 0.00 0.00 0.00
36 3467784001 ADD-TMS TESTER 2M3400 2M 15-Mar-84 7,040.08 7,040.08 0.00
36 3498483002 TENNY CHAMBER 2M3400 2M 15-Dec-83 32,638.26 32,638.26 0.00
36 3542287001 SMPI/273 SMDP-SMPI TEST 2M3400 2M 15-Dec-87 7,002.47 7,002.47 0.00
36 3546084001 ACH INITIAL TEST 2M3400 2M 15-Dec-84 1,295.67 1,295.67 0.00
36 4155991001 GENRAD FOR JCPU 2M3328 2M 15-May-91 5,864.25 5,458.99 405.26
36 3468884001 ADD-3000 HEAD TEST 2M3400 2M 15-Mar-84 3,821.14 3,821.14 0.00
36 3429584001 ADD-T2000 PWR SUP 2M3400 2M 15-Mar-84 3,707.83 3,707.83 0.00
36 3536584001 SORENSON POWER SUPPLY 2M3400 2M 15-Dec-84 1,960.00 1,960.00 0.00
36 C0003967 HEAD TESTER 2M3400 2M 15-Feb-87 500.25 500.25 0.00
36 4431895001 HP LASERJET 4SI PRINTER 2M3802 2M 15-Aug-95 3,420.45 171.02 3,249.43
36 4290293001 PHOENIX BREAK APART STAT 2M3400 2M 15-Jul-93 5,999.82 2,799.92 3,199.90
36 C0005633 GENRAD 2271 TESTER 2M3400 2M 15-Feb-87 120,000.15 120,000.15 0.00
36 3426981001 T9610 CONTROLLER 2M3400 2M 21-Oct-83 830.70 830.70 0.00
36 3473382001 3S6242AB0001A1 2M3400 2M 21-Oct-83 1,334.81 1,334.81 0.00
36 3543084001 HARD DISK 2M3400 2M 15-Dec-84 1,150.00 1,150.00 0.00
36 3523284001 PESCHEL HI-POT S25 2M3400 2M 15-Sep-84 715.00 715.00 0.00
36 3538784001 4000 ACTUATOR RUN-IN 2M3400 2M 15-Dec-84 33,094.75 33,094.75 0.00
36 3468685001 ADD-T3CI/2 TESTER 2M3400 2M 15-Jun-85 1,490.90 1,490.90 0.00
36 3459985002 ADD-ACPL TEST & TS 2M3400 2M 15-Jun-85 1,809.00 1,809.00 0.00
36 4423895001 DENSITOMETER 117V/50-60MH 2M3400 2M 15-Jul-95 14,532.65 968.84 13,563.81
36 3471682001 STATIC STROKE # 1 2M3400 2M 21-Oct-83 511.20 511.20 0.00
36 3503983002 LCCP TESTER 2M3400 2M 15-Dec-83 1,366.40 1,366.40 0.00
36 3460082001 TROUBLESHOOT STATN 2M3400 2M 21-Oct-83 4,667.26 4,667.26 0.00
36 3563285001 PC 3024 PRINTER 2M3400 2M 15-Jun-85 826.77 826.77 0.00
36 4339894001 CX PTR CART CT-CPD-222 2M3400 2M 15-Apr-94 200.00 63.33 136.67
36 3562785001 T200 PRINTHEAD TESTER-TMS 2M3400 2M 15-Jun-85 15,585.17 15,585.17 0.00
36 4067689001 CABLE CHECKER - GENRAD 2M3400 2M 15-Aug-89 290.42 290.42 0.00
36 3857387001 OSCILLOSCOPE S/O 742244 2M3400 2M 15-Dec-87 3,400.00 3,400.00 0.00
36 3504383002 T9610 CONTROLLER 2M3400 2M 15-Dec-83 172.53 172.53 0.00
36 3502884001 STD BUS FINAL TEST 2M3400 2M 15-Feb-84 9,740.25 9,740.25 0.00
36 3471583002 HEAD STATIC STROKE 2M3400 2M 15-Dec-83 498.02 498.02 0.00
36 H0002234 ENBANKS WIRE CUTTER MOD 0 2M3400 2M 15-Feb-87 800.25 800.25 0.00
36 3415181001 WATERS TORQE WATCH 2M3400 2M 21-Oct-83 1,076.08 1,076.08 0.00
36 3250879001 CRT TERMINAL 2M3400 2M 21-Oct-83 479.25 479.25 0.00
36 4158191001 SPSC TEST & TS STATION 2M3136 2M 15-May-91 13,134.78 12,227.09 907.69
36 3427281001 WORKAROUND UNIT 2M3400 2M 21-Oct-83 1,290.98 1,290.98 0.00
36 3278079001 TENSILE GRIP 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
36 3546384001 DATA GENERATOR 2M3400 2M 15-Dec-84 354.90 354.90 0.00
36 3367480001 ANALYZER 2M3400 2M 21-Oct-83 1,843.82 1,843.82 0.00
36 3592285001 SPSM TEST & TS 2M3400 2M 15-Nov-85 9,640.32 9,640.32 0.00
36 3999688001 SPSM HIPOT FIXTURE 2M3400 2M 15-Dec-88 284.00 284.00 0.00
36 3976488001 COAX TEST ADAPTERS 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 H0005756 FLUKE 8000A DIGITAL MULTI 2M3400 2M 15-Feb-87 425.20 425.20 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 3500684001 ADD-ZERO POSITION FIXTURE 0.00 0.00 0.00
36 3500283002 SPARE PART STATION 0.00 0.00 0.00
36 4156391001 GENRAD PHOM/2 FIXTURE 3.27 1.64 17.99
36 4184792001 SMAD FUNCTIONAL TEST ARRAY 581.17 290.58 11,332.78
36 3427181001 T9610 CONTROLLER 0.00 0.00 0.00
36 3536984001 CPU TROUBLESHOOT #3 0.00 0.00 0.00
36 3364181001 ADD-T2000 FINAL TS 0.00 0.00 0.00
36 3467784001 ADD-TMS TESTER 0.00 0.00 0.00
36 3498483002 TENNY CHAMBER 0.00 0.00 0.00
36 3542287001 SMPI/273 SMDP-SMPI TEST 0.00 0.00 0.00
36 3546084001 ACH INITIAL TEST 0.00 0.00 0.00
36 4155991001 GENRAD FOR JCPU 67.54 33.77 371.49
36 3468884001 ADD-3000 HEAD TEST 0.00 0.00 0.00
36 3429584001 ADD-T2000 PWR SUP 0.00 0.00 0.00
36 3536584001 SORENSON POWER SUPPLY 0.00 0.00 0.00
36 C0003967 HEAD TESTER 0.00 0.00 0.00
36 4431895001 HP LASERJET 4SI PRINTER 15.55 7.77 3,241.66
36 4290293001 PHOENIX BREAK APART STAT 100.00 50.00 3,149.90
36 C0005633 GENRAD 2271 TESTER 1,146.15 573.08 0.00
36 3426981001 T9610 CONTROLLER 0.00 0.00 0.00
36 3473382001 3S6242AB0001A1 0.00 0.00 0.00
36 3543084001 HARD DISK 0.00 0.00 0.00
36 3523284001 PESCHEL HI-POT S25 0.00 0.00 0.00
36 3538784001 4000 ACTUATOR RUN-IN 0.00 0.00 0.00
36 3468685001 ADD-T3CI/2 TESTER 0.00 0.00 0.00
36 3459985002 ADD-ACPL TEST & TS 0.00 0.00 0.00
36 4423895001 DENSITOMETER 117V/50-60MH 88.08 44.04 13,519.77
36 3471682001 STATIC STROKE # 1 0.00 0.00 0.00
36 3503983002 LCCP TESTER 0.00 0.00 0.00
36 3460082001 TROUBLESHOOT STATN 0.00 0.00 0.00
36 3563285001 PC 3024 PRINTER 0.00 0.00 0.00
36 4339894001 CX PTR CART CT-CPD-222 3.33 1.67 135.00
36 3562785001 T200 PRINTHEAD TESTER-TMS 0.00 0.00 0.00
36 4067689001 CABLE CHECKER - GENRAD 0.00 0.00 0.00
36 3857387001 OSCILLOSCOPE S/O 742244 0.00 0.00 0.00
36 3504383002 T9610 CONTROLLER 0.00 0.00 0.00
36 3502884001 STD BUS FINAL TEST 0.00 0.00 0.00
36 3471583002 HEAD STATIC STROKE 0.00 0.00 0.00
36 H0002234 ENBANKS WIRE CUTTER MOD 0 0.00 0.00 0.00
36 3415181001 WATERS TORQE WATCH 0.00 0.00 0.00
36 3250879001 CRT TERMINAL 0.00 0.00 0.00
36 4158191001 SPSC TEST & TS STATION 151.28 75.64 832.05
36 3427281001 WORKAROUND UNIT 0.00 0.00 0.00
36 3278079001 TENSILE GRIP 0.00 0.00 0.00
36 3546384001 DATA GENERATOR 0.00 0.00 0.00
36 3367480001 ANALYZER 0.00 0.00 0.00
36 3592285001 SPSM TEST & TS 0.00 0.00 0.00
36 3999688001 SPSM HIPOT FIXTURE 0.00 0.00 0.00
36 3976488001 COAX TEST ADAPTERS 0.00 0.00 0.00
36 H0005756 FLUKE 8000A DIGITAL MULTI 0.00 0.00 0.00
</TABLE>
34
E-159
<PAGE> 160
Page 35 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
36 3414981001 ANALOG FILTER 2M3324 2M 21-Oct-83 1,277.15 1,277.15 0.00
36 4266493001 PHOENIX CONFIGURATION TESTER 2M3400 2M 15-Apr-93 6,228.31 3,217.96 3,010.35
36 4157991001 SMTS/1, SMHS/1, SMSI TEST FIX 2M3136 2M 15-May-91 5,535.27 5,152.75 382.52
36 3277879001 D50 FORCE GAGE 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
36 3592288001 ADD-ON #3592285001 2M3400 2M 15-Dec-88 752.00 752.00 0.00
36 4352394001 TTMI/3 BD FOR 2271 GENRAD 2M3400 2M 15-Jun-94 2,126.25 602.44 1,523.81
36 3367380001 ANALYZER 2M3400 2M 21-Oct-83 1,869.72 1,869.72 0.00
36 3976288001 COAX TEST ADAPTERS 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 3541785001 ADD-SHAD TEST & TS 2M3400 2M 15-Jun-85 271.24 271.24 0.00
36 4141490001 E PROM ERASING STSTEM 2M3400 2M 15-Dec-90 500.00 491.66 8.34
36 3382081001 XPS TESTER 2M3400 2M 21-Oct-83 958.50 958.50 0.00
36 4431795001 HP LASERJET 4SI PRINTER 2M3802 2M 15-Aug-95 3,420.45 171.02 3,249.43
36 3975788001 COAX TEST ADAPTERS 2M3400 2M 15-Jun-88 563.85 563.85 0.00
36 3537185001 ADD-APRT/5 TEST & TS 2M3400 2M 15-Jun-85 705.24 705.24 0.00
36 4066189001 3RD PRINT MODULE 4470/90 2M3400 2M 15-Aug-89 845.15 845.15 0.00
36 3526284001 MOTOR ORIENT FIXTU 2M3400 2M 15-Sep-84 3,146.47 3,146.47 0.00
36 3402581001 QRD 30-1 PWR SUPLY 2M3400 2M 21-Oct-83 191.70 191.70 0.00
36 3538788001 ADD-ON #3538784001 2M3400 2M 15-Dec-88 1,940.00 1,940.00 0.00
36 3536784001 TRANSFORMER 2M3400 2M 15-Dec-84 404.65 404.65 0.00
36 H0001605 B&L TELEBINOCULAR STEREO 2M3400 2M 15-Feb-87 600.25 600.25 0.00
36 3537484001 AUTO POWER SUPPLY TESTER 2M3400 2M 15-Dec-84 16,551.40 16,551.40 0.00
36 3563185001 MINI UNIFACE #13-T9610 2M3400 2M 15-Jun-85 2,000.00 2,000.00 0.00
36 3859687001 SPSA TEST & TS 2M3400 2M 15-Dec-87 5,739.46 5,739.46 0.00
36 M00000250 ASSOCIATED RESEARCH HYPOT 2M3400 2M 15-Feb-87 325.25 325.25 0.00
36 4065989001 SEALTIME STN 4000 PRMDSYS 2M3400 2M 15-Aug-89 15,018.24 15,018.24 0.00
36 3526584001 MINIFACE #10 2M3400 2M 15-Sep-84 2,399.61 2,399.61 0.00
36 4266393001 PHOENIX POWER SUPPLY TESTER 2M3400 2M 15-Apr-93 3,754.92 1,940.04 1,814.88
36 M00000328 ZENDEX CONTROLLER PN-7N66 2M3400 2M 15-Feb-87 425.20 425.20 0.00
36 4105489001 4490 PRINT MODULE TESTER 2M3400 2M 15-Dec-89 6,694.95 6,694.95 0.00
36 3424781001 HP5302A COUNTER 2M3400 2M 21-Oct-83 1,244.56 1,244.56 0.00
36 4167791001 ENHANCE VOLT CAP #3 2M3322 2M 15-Oct-91 6,488.22 5,294.77 1,193.45
36 3519784001 G3000 PC INITIAL 2M3400 2M 15-Sep-84 2,994.46 2,994.46 0.00
36 3502883002 ADD-STD BUS FINAL TEST #2 2M3400 2M 15-Dec-83 3,435.72 3,435.72 0.00
36 3416581001 T3E BOARD TESTER 2M3400 2M 21-Oct-83 1,316.87 1,316.87 0.00
36 3415981001 POWER SUPPLY 2M3400 2M 21-Oct-83 191.70 191.70 0.00
36 H0001607 BLUE M CO OV-18-A OVEN #R 2M3400 2M 15-Feb-87 600.20 600.20 0.00
36 3467782001 TMS TESTER 2M3400 2M 21-Oct-83 6,390.00 6,390.00 0.00
36 3538184001 SORENSON PWR SUPPLY DCR 2M3400 2M 15-Dec-84 1,916.75 1,916.75 0.00
36 4333794001 SMIS FUNCTIONAL TEST ARRAY 2M3400 2M 15-Feb-94 77,362.12 44,144.56 33,217.56
36 3460382001 APSS PWB TESTER 2M3400 2M 21-Oct-83 5,771.45 5,771.45 0.00
36 3542684001 TOOLMAKERS MICROSCOPE 2M3400 2M 15-Dec-84 5,931.36 5,931.36 0.00
36 4007488001 SORENSEN POWER SUPPLY 2M3400 2M 15-Dec-88 3,481.42 3,481.42 0.00
36 3472582001 MANUAL BURN-IN #2 2M3400 2M 21-Oct-83 53,924.84 53,924.84 0.00
36 3543384001 HARD DISK 2M3400 2M 15-Dec-84 1,150.00 1,150.00 0.00
36 3429585002 ADD-ACL TEST HEAD 2M3400 2M 15-Nov-85 6,215.60 6,215.60 0.00
36 4334094001 QMS TEST BOARD 2M3400 2M 15-Feb-94 22,606.49 7,912.27 14,694.22
36 3468684001 ADD-T3C1/2 PWB TEST 2M3400 2M 15-Dec-84 472.64 472.64 0.00
36 4340694001 RADIUSING DEBURRING FIXTURE 2M3400 2M 15-Apr-94 5,370.00 1,700.50 3,669.50
36 4065889001 ACTUATOR ADJ STN 4000 PMD 2M3400 2M 15-Aug-89 27,543.75 27,543.75 0.00
36 4093790001 PRINT MODULE QUALITY FIXT 2M3400 2M 15-Mar-90 6,145.81 6,145.81 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
36 3414981001 ANALOG FILTER 0.00 0.00 0.00
36 4266493001 PHOENIX CONFIGURATION TESTER 103.81 51.90 2,958.45
36 4157991001 SMTS/1, SMHS/1, SMSI TEST FIX 63.75 31.88 350.64
36 3277879001 D50 FORCE GAGE 0.00 0.00 0.00
36 3592288001 ADD-ON #3592285001 0.00 0.00 0.00
36 4352394001 TTMI/3 BD FOR 2271 GENRAD 35.44 17.72 1,506.09
36 3367380001 ANALYZER 0.00 0.00 0.00
36 3976288001 COAX TEST ADAPTERS 0.00 0.00 0.00
36 3541785001 ADD-SHAD TEST & TS 0.00 0.00 0.00
36 4141490001 E PROM ERASING STSTEM 8.33 4.17 0.00
36 3382081001 XPS TESTER 0.00 0.00 0.00
36 4431795001 HP LASERJET 4SI PRINTER 15.55 7.77 3,241.66
36 3975788001 COAX TEST ADAPTERS 0.00 0.00 0.00
36 3537185001 ADD-APRT/5 TEST & TS 0.00 0.00 0.00
36 4066189001 3RD PRINT MODULE 4470/90 0.00 0.00 0.00
36 3526284001 MOTOR ORIENT FIXTU 0.00 0.00 0.00
36 3402581001 QRD 30-1 PWR SUPLY 0.00 0.00 0.00
36 3538788001 ADD-ON #3538784001 0.00 0.00 0.00
36 3536784001 TRANSFORMER 0.00 0.00 0.00
36 H0001605 B&L TELEBINOCULAR STEREO 0.00 0.00 0.00
36 3537484001 AUTO POWER SUPPLY TESTER 0.00 0.00 0.00
36 3563185001 MINI UNIFACE #13-T9610 0.00 0.00 0.00
36 3859687001 SPSA TEST & TS 0.00 0.00 0.00
36 M00000250 ASSOCIATED RESEARCH HYPOT 0.00 0.00 0.00
36 4065989001 SEALTIME STN 4000 PRMDSYS 0.00 0.00 0.00
36 3526584001 MINIFACE #10 0.00 0.00 0.00
36 4266393001 PHOENIX POWER SUPPLY TESTER 62.58 31.29 1,783.59
36 M00000328 ZENDEX CONTROLLER PN-7N66 0.00 0.00 0.00
36 4105489001 4490 PRINT MODULE TESTER 0.00 0.00 0.00
36 3424781001 HP5302A COUNTER 0.00 0.00 0.00
36 4167791001 ENHANCE VOLT CAP #3 108.50 54.25 1,139.20
36 3519784001 G3000 PC INITIAL 0.00 0.00 0.00
36 3502883002 ADD-STD BUS FINAL TEST #2 0.00 0.00 0.00
36 3416581001 T3E BOARD TESTER 0.00 0.00 0.00
36 3415981001 POWER SUPPLY 0.00 0.00 0.00
36 H0001607 BLUE M CO OV-18-A OVEN #R 0.00 0.00 0.00
36 3467782001 TMS TESTER 0.00 0.00 0.00
36 3538184001 SORENSON PWR SUPPLY DCR 0.00 0.00 0.00
36 4333794001 SMIS FUNCTIONAL TEST ARRAY 1,307.25 653.62 32,563.94
36 3460382001 APSS PWB TESTER 0.00 0.00 0.00
36 3542684001 TOOLMAKERS MICROSCOPE 0.00 0.00 0.00
36 4007488001 SORENSEN POWER SUPPLY 0.00 0.00 0.00
36 3472582001 MANUAL BURN-IN #2 0.00 0.00 0.00
36 3543384001 HARD DISK 0.00 0.00 0.00
36 3429585002 ADD-ACL TEST HEAD 0.00 0.00 0.00
36 4334094001 QMS TEST BOARD 376.77 188.39 14,505.83
36 3468684001 ADD-T3C1/2 PWB TEST 0.00 0.00 0.00
36 4340694001 RADIUSING DEBURRING FIXTURE 89.50 44.75 3,624.75
36 4065889001 ACTUATOR ADJ STN 4000 PMD 0.00 0.00 0.00
36 4093790001 PRINT MODULE QUALITY FIXT 27.94 13.97 0.00
</TABLE>
35
E-160
<PAGE> 161
Page 36 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
36 3667687001 ADD ON-4000 SHROUD TESTER 2M3136 2M 15-Apr-87 217.24 217.24 0.00
36 3468883002 3000 HEAD TESTER 2M3400 2M 15-Dec-83 3,004.98 3,004.98 0.00
36 3522484001 STD BUS FINAL TEST 2M3400 2M 15-Sep-84 5,639.05 5,639.05 0.00
36 3537984001 SORENSON PS QRD 402 2M3400 2M 15-Dec-84 550.00 550.00 0.00
36 3430081001 SORENSEN QRD 20-4 2M3400 2M 21-Oct-83 1,083.79 1,083.79 0.00
36 H0004519 PRO LOG M-980 PROM PROGRA 2M3400 2M 15-Feb-87 1,000.20 1,000.20 0.00
36 3429284001 ADD-TENNY CHAMBER 2M3400 2M 15-Sep-84 901.27 901.27 0.00
36 H0001604 NIKON 5-OBJECT STEREO MIC 2M3400 2M 15-Feb-87 1,300.15 1,300.15 0.00
36 4171491001 PHOENIX FINAL XLINX 2M3400 2M 15-Dec-91 13,702.47 10,733.60 2,968.87
36 3858587001 SMST TEST & TS 2M3400 2M 15-Dec-87 12,391.15 12,391.15 0.00
36 3525684001 RANSCO CHAMBER 2M3400 2M 15-Sep-84 86,760.00 86,760.00 0.00
36 M00000385 CENTRONICS LW 400/800/120 2M3400 2M 15-Feb-87 2,400.15 2,400.15 0.00
36 3506384001 MILLENNIUM MOLD 2M3400 2M 15-Mar-84 7,450.00 7,450.00 0.00
36 3364280001 T3L/2 SPARE PARTS 2M3400 2M 21-Oct-83 4,416.77 4,416.77 0.00
36 3544084001 ANACOM DATA GENERATOR 2M3400 2M 15-Dec-84 386.18 386.18 0.00
36 3468782001 T9610 CONTROLLER 2M3400 2M 21-Oct-83 1,284.08 1,284.08 0.00
36 3483083002 16 HEAD DH RUN IN 2M3400 2M 15-Dec-83 8,843.01 8,843.01 0.00
36 3857287001 SMIH TEST & TS 2M3400 2M 15-Dec-87 11,721.28 11,721.28 0.00
36 3667386001 300 LPM G4000 2M3400 2M 15-Dec-86 2,634.66 2,634.66 0.00
TYPE 36 SUBTOTAL 3,533,713.75 3,107,483.13 426,230.62
50 4316393001 SOFTWARE LABEL MANAGER 300 2M8921 2M 15-Sep-93 499.44 216.42 283.02
50 4269793001 SPANISH LOTUS 2M3400 2M 15-Apr-93 399.00 206.15 192.85
50 4431695001 SMHT UPGRADE TMS 2M3400 2M 15-Aug-95 10,500.00 525.00 9,975.00
TYPE 50 SUBTOTAL 11,398.44 947.57 10,450.87
52 3929689001 HP 700/92 DISPLAY TERM. 2M3400 2M 15-May-89 776.28 776.28 0.00
52 3600085001 DISPLAY TERMINAL 2M3400 2M 15-Dec-85 1,460.00 1,460.00 0.00
52 4310293001 NORTHGATE 486/33M HZ 2M3400 2M 15-Aug-93 7,132.40 3,209.58 3,922.82
52 M00001142 CENTRONICS PRINTER PAINTS 2M3400 2M 15-Feb-87 400.10 400.10 0.00
52 4331294001 SOLUTIONS 486DX33 PC 2M3400 2M 15-Jan-94 2,316.07 849.22 1,466.85
52 4008088001 ADM-11 CRT LEAR SIEGLER 2M3400 2M 15-Dec-88 500.00 500.00 0.00
52 C0006029 ZENITH DESKTOP COMPUTER S 2M3400 2M 15-Feb-87 1,200.05 1,200.05 0.00
52 M00001205 CENTRONICS PS-240 MATRIX 2M3400 2M 15-Feb-87 300.10 300.10 0.00
52 M00001256 CENTRONICS 250 PRINTER #2 2M3400 2M 15-Feb-87 300.10 300.10 0.00
52 4006888001 ADM-11 CRT LEAR SIEGLER 2M3400 2M 15-Dec-88 600.00 600.00 0.00
52 4281893001 SCORPION PRINTER 2M3400 2M 15-Jun-93 2,805.67 1,356.07 1,449.60
52 3941788001 HP CRT 700/92 2M3400 2M 15-May-88 823.46 823.46 0.00
52 3497084001 352120AA1024B1 T21 2M3400 2M 15-Feb-84 596.82 596.82 0.00
52 4277793001 HP LASER JET PRINTER 2M3400 2M 15-Jun-93 1,021.15 493.56 527.59
52 3967488001 HP CRT 700/92 2M3400 2M 15-Jul-88 841.75 841.75 0.00
52 3969488001 32-CHANNEL MICOM BOX 2M3400 2M 15-Aug-88 6,043.50 6,043.50 0.00
52 3951988001 BAR CODE READER 2M3400 2M 15-May-88 540.79 540.79 0.00
52 4345594001 LASERJET PRINTER 2M3400 2M 15-May-94 1,222.00 366.60 855.40
52 4415195001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,537.31 51.24 1,486.07
52 M00001170 CENTRONICS LASER PRINTER 2M3400 2M 15-Feb-87 500.30 500.30 0.00
52 4138190001 WIRE FULL DUPLEX MODEM 2M3400 2M 15-Sep-90 1,242.50 1,242.50 0.00
52 4408695001 7170 PRINTER 2M3400 2M 15-Feb-95 1,800.96 270.15 1,530.81
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
36 3667687001 ADD ON-4000 SHROUD TESTER 0.00 0.00 0.00
36 3468883002 3000 HEAD TESTER 0.00 0.00 0.00
36 3522484001 STD BUS FINAL TEST 0.00 0.00 0.00
36 3537984001 SORENSON PS QRD 402 0.00 0.00 0.00
36 3430081001 SORENSEN QRD 20-4 0.00 0.00 0.00
36 H0004519 PRO LOG M-980 PROM PROGRA 0.00 0.00 0.00
36 3429284001 ADD-TENNY CHAMBER 0.00 0.00 0.00
36 H0001604 NIKON 5-OBJECT STEREO MIC 0.00 0.00 0.00
36 4171491001 PHOENIX FINAL XLINX 228.37 114.19 2,854.68
36 3858587001 SMST TEST & TS 0.00 0.00 0.00
36 3525684001 RANSCO CHAMBER 0.00 0.00 0.00
36 M00000385 CENTRONICS LW 400/800/120 0.00 0.00 0.00
36 3506384001 MILLENNIUM MOLD 0.00 0.00 0.00
36 3364280001 T3L/2 SPARE PARTS 0.00 0.00 0.00
36 3544084001 ANACOM DATA GENERATOR 0.00 0.00 0.00
36 3468782001 T9610 CONTROLLER 0.00 0.00 0.00
36 3483083002 16 HEAD DH RUN IN 0.00 0.00 0.00
36 3857287001 SMIH TEST & TS 0.00 0.00 0.00
36 3667386001 300 LPM G4000 0.00 0.00 0.00
TYPE 36 SUBTOTAL 417,928.34
50 4316393001 SOFTWARE LABEL MANAGER 300 8.32 4.16 278.86
50 4269793001 SPANISH LOTUS 6.65 3.33 189.53
50 4431695001 SMHT UPGRADE TMS 47.73 23.86 9,951.14
TYPE 50 SUBTOTAL 10,419.52
52 3929689001 HP 700/92 DISPLAY TERM. 0.00 0.00 0.00
52 3600085001 DISPLAY TERMINAL 0.00 0.00 0.00
52 4310293001 NORTHGATE 486/33M HZ 118.87 59.44 3,863.38
52 M00001142 CENTRONICS PRINTER PAINTS 0.00 0.00 0.00
52 4331294001 SOLUTIONS 486DX33 PC 38.60 19.30 1,447.55
52 4008088001 ADM-11 CRT LEAR SIEGLER 0.00 0.00 0.00
52 C0006029 ZENITH DESKTOP COMPUTER S 0.00 0.00 0.00
52 M00001205 CENTRONICS PS-240 MATRIX 0.00 0.00 0.00
52 M00001256 CENTRONICS 250 PRINTER #2 0.00 0.00 0.00
52 4006888001 ADM-11 CRT LEAR SIEGLER 0.00 0.00 0.00
52 4281893001 SCORPION PRINTER 46.76 23.38 1,426.22
52 3941788001 HP CRT 700/92 0.00 0.00 0.00
52 3497084001 352120AA1024B1 T21 0.00 0.00 0.00
52 4277793001 HP LASER JET PRINTER 17.02 8.51 519.08
52 3967488001 HP CRT 700/92 0.00 0.00 0.00
52 3969488001 32-CHANNEL MICOM BOX 0.00 0.00 0.00
52 3951988001 BAR CODE READER 0.00 0.00 0.00
52 4345594001 LASERJET PRINTER 20.37 10.18 845.22
52 4415195001 DELL 466L 340 DESKTOP PC 4.66 2.33 1,483.74
52 M00001170 CENTRONICS LASER PRINTER 0.00 0.00 0.00
52 4138190001 WIRE FULL DUPLEX MODEM 16.93 8.47 0.00
52 4408695001 7170 PRINTER 24.56 12.28 1,518.53
</TABLE>
36
E-161
<PAGE> 162
Page 37 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
52 3452882001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,116.80 1,116.80 0.00
52 4008188001 GENICOM 3000 PRINTER 2M3400 2M 15-Dec-88 650.08 650.08 0.00
52 3951088001 BAR CODE READER 2M3400 2M 15-May-88 540.79 540.79 0.00
52 3794987001 HP CRT 2M3400 2M 15-Jul-87 1,220.32 1,220.32 0.00
52 4414995001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.23 47.11 1,366.12
52 3981888001 3410 GENICOM PRINTER 2M3400 2M 15-Aug-88 962.83 962.83 0.00
52 3604586001 MICROLABELLER II 110V 2M3400 2M 15-Apr-86 2,676.00 2,676.00 0.00
52 4415695001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 M00001212 CENTRONICS PS-220 MATRIX 2M3400 2M 15-Feb-87 300.10 300.10 0.00
52 4165691001 SUPERIOR 386/33 PC 2M3400 2M 15-Sep-91 3,182.00 3,182.00 0.00
52 3605186001 DISPLAY TERMINAL 2M3400 2M 15-Apr-86 1,460.00 1,460.00 0.00
52 4408995001 7170 PRINTER 2M3400 2M 15-Feb-95 1,800.96 162.09 1,638.87
52 3900288001 GENICOM 600 LPM PRINTER 2M3400 2M 15-Mar-88 2,633.25 2,633.25 0.00
52 4409595001 DELL 466 PC 2M3400 2M 15-Feb-95 1,497.27 224.59 1,272.68
52 4273593001 386 DX/33 COMPUTER 2M3400 2M 15-May-93 2,274.91 1,118.04 1,156.87
52 3794787001 HP CRT 2M3400 2M 15-Jul-87 1,040.32 1,040.32 0.00
52 4002288001 GENICOM 3210 PRINTER 2M3400 2M 15-Nov-88 505.44 505.44 0.00
52 3940388001 8-CHNL. LOCAL MULTIPLEXOR 2M3400 2M 15-Apr-88 711.16 711.16 0.00
52 4281793001 SCORPION PRINTER 2M3400 2M 15-Jun-93 2,805.68 1,356.08 1,449.60
52 3561885001 MICOM 828 MULTIPLEXOR 2M3400 2M 15-Jun-85 2,968.05 2,968.05 0.00
52 4415095001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 M00001139 CENTRONICS LASER PRINTER 2M3400 2M 15-Feb-87 500.50 500.50 0.00
52 3444982001 3480AB1114 PRINTER 2M3400 2M 21-Oct-83 1,483.41 1,483.41 0.00
52 4334594001 FILESERVER W/SOFTWARE 2M3400 2M 15-Feb-94 27,741.73 9,709.60 18,032.13
52 3575985001 IBM PERSONAL COMPUTER 2M3400 2M 15-Jul-85 3,676.25 3,676.25 0.00
52 3606186001 GANG PROGRAMMER-MODULE 2M3400 2M 15-Apr-86 3,510.50 3,510.50 0.00
52 3806787001 9-CHANNEL INSTAMUX 2M3400 2M 15-Sep-87 678.75 678.75 0.00
52 4345494001 LASERJET PRINTER 2M3400 2M 15-May-94 1,222.00 366.60 855.40
52 4415495001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 3518784001 ZOMB HARDDISK 2M3400 2M 15-Jul-84 7,522.73 7,522.73 0.00
52 H00060991 CENTRONICS PRINTER M00260 2M3400 2M 15-Feb-87 300.05 300.05 0.00
52 4028385001 MONITOR (AMDEX) (FR. CAN) 2M3400 2M 15-Feb-89 214.30 214.30 0.00
52 M00001094 CENTRONICS PRINTER PRINT 2M3400 2M 15-Feb-87 800.20 800.20 0.00
52 M00001207 CENTRONICS PS-240 MATRIX 2M3400 2M 15-Feb-87 300.10 300.10 0.00
52 3929589001 HP 700/92 DISPLAY TERM. 2M3400 2M 15-May-89 776.28 776.28 0.00
52 3807287001 4-CHANNEL MUX 2M3400 2M 15-Sep-87 383.46 383.46 0.00
52 3950388001 BAR CODE READER 2M3400 2M 15-May-88 540.79 540.79 0.00
52 4334894001 LASER 7170 PRINTER 2M3400 2M 15-Feb-94 3,773.30 1,069.11 2,704.19
52 3660486001 IBM- PC 2M3400 2M 15-Nov-86 2,069.00 2,069.00 0.00
52 M00001206 CENTRONICS PS-240 MATRIX 2M3400 2M 15-Feb-87 300.10 300.10 0.00
52 4137190001 WIRE FULL DUPLEX MODEM 2M3400 2M 15-Sep-90 1,242.50 1,242.50 0.00
52 4137090001 16 CHANNEL TYPE 5 BOX 2M3400 2M 15-Sep-90 3,140.50 3,140.50 0.00
52 4415595001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 H0006354 HYPERION PC 3032 COMPUTER 2M3400 2M 15-Feb-87 1,400.15 1,400.15 0.00
52 C0005981 PROGRAMMER 2M3400 2M 15-Feb-87 1,300.25 1,300.25 0.00
52 4357494001 PHOENIX PRINTER 2M3400 2M 15-Jul-94 1,216.60 324.43 892.17
52 M00001105 CENTRONICS IBM PRINTER MO 2M3400 2M 15-Feb-87 500.20 500.20 0.00
52 M00001178 CENTRONICS PRINTER PRINT 2M3400 2M 15-Feb-87 2,000.10 2,000.10 0.00
52 3826087001 H/P DISPLAY TERMINAL 2M3400 2M 15-Oct-87 805.50 805.50 0.00
52 3655286001 HP CRT 2M3400 2M 15-Oct-86 1,460.00 1,460.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
52 3452882001 SOLA TRANSFORMER 0.00 0.00 0.00
52 4008188001 GENICOM 3000 PRINTER 0.00 0.00 0.00
52 3951088001 BAR CODE READER 0.00 0.00 0.00
52 3794987001 HP CRT 0.00 0.00 0.00
52 4414995001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.98
52 3981888001 3410 GENICOM PRINTER 0.00 0.00 0.00
52 3604586001 MICROLABELLER II 110V 0.00 0.00 0.00
52 4415695001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 M00001212 CENTRONICS PS-220 MATRIX 0.00 0.00 0.00
52 4165691001 SUPERIOR 386/33 PC 0.00 0.00 0.00
52 3605186001 DISPLAY TERMINAL 0.00 0.00 0.00
52 4408995001 7170 PRINTER 14.74 7.37 1,631.50
52 3900288001 GENICOM 600 LPM PRINTER 0.00 0.00 0.00
52 4409595001 DELL 466 PC 20.42 10.21 1,262.47
52 4273593001 386 DX/33 COMPUTER 38.56 19.28 1,137.59
52 3794787001 HP CRT 0.00 0.00 0.00
52 4002288001 GENICOM 3210 PRINTER 0.00 0.00 0.00
52 3940388001 8-CHNL. LOCAL MULTIPLEXOR 0.00 0.00 0.00
52 4281793001 SCORPION PRINTER 46.76 23.38 1,426.22
52 3561885001 MICOM 828 MULTIPLEXOR 0.00 0.00 0.00
52 4415095001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 M00001139 CENTRONICS LASER PRINTER 0.00 0.00 0.00
52 3444982001 3480AB1114 PRINTER 0.00 0.00 0.00
52 4334594001 FILESERVER W/SOFTWARE 462.36 231.18 17,800.95
52 3575985001 IBM PERSONAL COMPUTER 0.00 0.00 0.00
52 3606186001 GANG PROGRAMMER-MODULE 0.00 0.00 0.00
52 3806787001 9-CHANNEL INSTAMUX 0.00 0.00 0.00
52 4345494001 LASERJET PRINTER 20.37 10.18 845.22
52 4415495001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 3518784001 ZOMB HARDDISK 0.00 0.00 0.00
52 H00060991 CENTRONICS PRINTER M00260 0.00 0.00 0.00
52 4028385001 MONITOR (AMDEX) (FR. CAN) 0.00 0.00 0.00
52 M00001094 CENTRONICS PRINTER PRINT 0.00 0.00 0.00
52 M00001207 CENTRONICS PS-240 MATRIX 0.00 0.00 0.00
52 3929589001 HP 700/92 DISPLAY TERM. 0.00 0.00 0.00
52 3807287001 4-CHANNEL MUX 0.00 0.00 0.00
52 3950388001 BAR CODE READER 0.00 0.00 0.00
52 4334894001 LASER 7170 PRINTER 62.89 31.44 2,672.75
52 3660486001 IBM- PC 0.00 0.00 0.00
52 M00001206 CENTRONICS PS-240 MATRIX 0.00 0.00 0.00
52 4137190001 WIRE FULL DUPLEX MODEM 16.93 8.47 0.00
52 4137090001 16 CHANNEL TYPE 5 BOX 42.81 21.40 0.00
52 4415595001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 H0006354 HYPERION PC 3032 COMPUTER 0.00 0.00 0.00
52 C0005981 PROGRAMMER 0.00 0.00 0.00
52 4357494001 PHOENIX PRINTER 20.28 10.14 882.03
52 M00001105 CENTRONICS IBM PRINTER MO 0.00 0.00 0.00
52 M00001178 CENTRONICS PRINTER PRINT 0.00 0.00 0.00
52 3826087001 H/P DISPLAY TERMINAL 0.00 0.00 0.00
52 3655286001 HP CRT 0.00 0.00 0.00
</TABLE>
37
E-162
<PAGE> 163
Page 38 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
52 3808587001 IBM PERSONAL COMPUTER 2M3400 2M 15-Sep-87 2,138.74 2,138.74 0.00
52 4277693001 HEWLETT PACKARD PRINTER 2M3400 2M 15-Jun-93 946.15 457.31 488.84
52 4244093001 MINI-DESKTOP 20MHZ SX 2M3400 2M 15-Jan-93 1,064.00 602.93 461.07
52 4408895001 7170 PRINTER 2M3400 2M 15-Feb-95 1,800.96 162.09 1,638.87
52 3826287001 H/P DISPLAY TERMINAL 2M3400 2M 15-Oct-87 805.50 805.50 0.00
52 3900188001 GENICOM 300 LPM PRINTER 2M3400 2M 15-Mar-88 2,633.25 2,633.25 0.00
52 4408795001 7170 PRINTER 2M3400 2M 15-Feb-95 1,800.96 270.15 1,530.81
52 4345791001 SUPERIOR 386/33 PC 2M3400 2M 15-May-94 2,750.91 1,833.94 916.97
52 4415795001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 3941988001 HP CRT 700/92 2M3400 2M 15-May-88 823.46 823.46 0.00
52 3807187001 4-CHANNEL MUX 2M3400 2M 15-Sep-87 383.46 383.46 0.00
52 3653986001 HP CRT 2M5304 2M 15-Oct-86 1,360.00 1,360.00 0.00
52 3925188001 COMPAQ COMPUTER 2M3400 2M 15-Jul-88 6,826.06 6,826.06 0.00
52 3952388001 BAR CODE READER 2M3400 2M 15-May-88 540.79 540.79 0.00
52 3605086001 DISPLAY TERMINAL 2M3400 2M 15-Apr-86 1,460.00 1,460.00 0.00
52 3942088001 HP CRT 700/92 2M3400 2M 15-May-88 823.46 823.46 0.00
52 3967588001 HP CRT 700/92 2M3400 2M 15-Jul-88 841.75 841.75 0.00
52 3960988001 DISK DRIVE & KIT 2M3400 2M 15-Jul-88 499.00 499.00 0.00
52 3577685001 DISPLAY TERMINAL 2M3400 2M 15-Aug-85 1,460.00 1,460.00 0.00
52 3942488001 HP CRT 700/92 2M3400 2M 15-May-88 823.46 823.46 0.00
52 3604886001 UV LAMP EPROM ERASER 2M3400 2M 15-Apr-86 351.56 351.56 0.00
52 3941888001 HP CRT 700/92 2M3400 2M 15-May-88 823.46 823.46 0.00
52 3590785001 COMPAQ 286 DESKPRO 512K 2M3400 2M 15-Oct-85 5,261.52 5,261.52 0.00
52 3384981001 VIDEO TERMINAL 2M3400 2M 21-Oct-83 447.30 447.30 0.00
52 4006388001 GENICOM 3000 PRINTER 2M3400 2M 15-Dec-88 850.00 850.00 0.00
52 4418595001 HP SCANJET II SCANNER/FEEDER 2M3402 2M 15-Jun-95 1,549.90 129.16 1,420.74
52 4002188001 GENICOM 3210 PRINTER 2M3400 2M 15-Nov-88 505.44 505.44 0.00
52 4408595001 7170 PRINTER 2M3400 2M 15-Feb-95 1,800.96 270.15 1,530.81
52 M00001208 CENTRONICS 351 MATRIX PRI 2M3400 2M 15-Feb-87 400.15 400.15 0.00
52 M00001204 CENTRONICS 352-1 MATRIX P 2M3400 2M 15-Feb-87 500.20 500.20 0.00
52 3598885001 IBM PERSONAL COMPUTER 2M3400 2M 15-Dec-85 2,426.64 2,426.64 0.00
52 3982688001 PERSONAL COMP/AMDEK SYS88 2M3400 2M 15-Sep-88 318.11 318.11 0.00
52 3420381001 T2030 UNIT 2M3400 2M 21-Oct-83 1,278.00 1,278.00 0.00
52 3825587001 H/P DISPLAY TERMINAL 2M3400 2M 15-Oct-87 805.50 805.50 0.00
52 4423195001 DELL 486 PC 2M3400 2M 15-Jul-95 2,624.87 173.85 2,451.02
52 4137690001 FAST STAT MULTIPLEXOR PAD 2M3400 2M 15-Sep-90 640.50 640.50 0.00
52 3929389001 HP 700/92 DISPLAY TERM. 2M3400 2M 15-May-89 776.28 776.28 0.00
52 4006988001 GENICOM 3000 PRINTER 2M3400 2M 15-Dec-88 850.00 850.00 0.00
52 3599585001 DISPLAY TERMINAL 2M3400 2M 15-Dec-85 1,460.00 1,460.00 0.00
52 M00001145 IBM PROGRAMMER DISKETTE M 2M3400 2M 15-Feb-87 325.00 325.00 0.00
52 4409495001 DELL 466 PC 2M3400 2M 15-Feb-95 1,497.26 224.59 1,272.67
52 4137590001 FAST STAT MULTIPLEXOR PAK 2M3400 2M 15-Sep-90 640.50 640.50 0.00
52 4137490001 16 CHANNEL TYPE 5 BOX 2M3400 2M 15-Sep-90 3,140.50 3,140.50 0.00
52 3655186001 HP CRT 2M3400 2M 15-Oct-86 1,460.00 1,460.00 0.00
52 4053389001 TURBO XT 640K DISK DRIVE 2M3400 2M 15-Jan-89 1,750.00 1,750.00 0.00
52 3838087001 MULTIPLEXOR 16 CHANNEL 2M3400 2M 15-Nov-87 3,688.44 3,688.44 0.00
52 4415895001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 4415395001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 M00001156 IBM CRT COMPUTER MOD 3278 2M3400 2M 15-Feb-87 500.50 500.50 0.00
52 4400195001 TOSHIBA 486 NOTEBOOK PC 2M3400 2M 15-Jun-95 2,907.76 242.31 2,665.45
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
52 3808587001 IBM PERSONAL COMPUTER 0.00 0.00 0.00
52 4277693001 HEWLETT PACKARD PRINTER 15.77 7.88 480.96
52 4244093001 MINI-DESKTOP 20MHZ SX 17.73 8.87 452.20
52 4408895001 7170 PRINTER 14.74 7.37 1,631.50
52 3826287001 H/P DISPLAY TERMINAL 0.00 0.00 0.00
52 3900188001 GENICOM 300 LPM PRINTER 0.00 0.00 0.00
52 4408795001 7170 PRINTER 24.56 12.28 1,518.53
52 4345791001 SUPERIOR 386/33 PC 101.89 50.94 866.03
52 4415795001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 3941988001 HP CRT 700/92 0.00 0.00 0.00
52 3807187001 4-CHANNEL MUX 0.00 0.00 0.00
52 3653986001 HP CRT 0.00 0.00 0.00
52 3925188001 COMPAQ COMPUTER 0.00 0.00 0.00
52 3952388001 BAR CODE READER 0.00 0.00 0.00
52 3605086001 DISPLAY TERMINAL 0.00 0.00 0.00
52 3942088001 HP CRT 700/92 0.00 0.00 0.00
52 3967588001 HP CRT 700/92 0.00 0.00 0.00
52 3960988001 DISK DRIVE & KIT 0.00 0.00 0.00
52 3577685001 DISPLAY TERMINAL 0.00 0.00 0.00
52 3942488001 HP CRT 700/92 0.00 0.00 0.00
52 3604886001 UV LAMP EPROM ERASER 0.00 0.00 0.00
52 3941888001 HP CRT 700/92 0.00 0.00 0.00
52 3590785001 COMPAQ 286 DESKPRO 512K 0.00 0.00 0.00
52 3384981001 VIDEO TERMINAL 0.00 0.00 0.00
52 4006388001 GENICOM 3000 PRINTER 0.00 0.00 0.00
52 4418595001 HP SCANJET II SCANNER/FEEDER 11.74 5.87 1,414.87
52 4002188001 GENICOM 3210 PRINTER 0.00 0.00 0.00
52 4408595001 7170 PRINTER 24.56 12.28 1,518.53
52 M00001208 CENTRONICS 351 MATRIX PRI 0.00 0.00 0.00
52 M00001204 CENTRONICS 352-1 MATRIX P 0.00 0.00 0.00
52 3598885001 IBM PERSONAL COMPUTER 0.00 0.00 0.00
52 3982688001 PERSONAL COMP/AMDEK SYS88 0.00 0.00 0.00
52 3420381001 T2030 UNIT 0.00 0.00 0.00
52 3825587001 H/P DISPLAY TERMINAL 0.00 0.00 0.00
52 4423195001 DELL 486 PC 15.80 7.90 2,443.12
52 4137690001 FAST STAT MULTIPLEXOR PAD 8.72 4.36 0.00
52 3929389001 HP 700/92 DISPLAY TERM. 0.00 0.00 0.00
52 4006988001 GENICOM 3000 PRINTER 0.00 0.00 0.00
52 3599585001 DISPLAY TERMINAL 0.00 0.00 0.00
52 M00001145 IBM PROGRAMMER DISKETTE M 0.00 0.00 0.00
52 4409495001 DELL 466 PC 20.42 10.21 1,262.46
52 4137590001 FAST STAT MULTIPLEXOR PAK 8.72 4.36 0.00
52 4137490001 16 CHANNEL TYPE 5 BOX 42.81 21.40 0.00
52 3655186001 HP CRT 0.00 0.00 0.00
52 4053389001 TURBO XT 640K DISK DRIVE 0.00 0.00 0.00
52 3838087001 MULTIPLEXOR 16 CHANNEL 0.00 0.00 0.00
52 4415895001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 4415395001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 M00001156 IBM CRT COMPUTER MOD 3278 0.00 0.00 0.00
52 4400195001 TOSHIBA 486 NOTEBOOK PC 22.03 11.01 2,654.44
</TABLE>
38
E-163
<PAGE> 164
Page 39 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
52 3832487001 HP 700/92 TERMINAL 2M5304 2M 15-Dec-87 841.75 841.75 0.00
52 3952488001 BAR CODE READER 2M3400 2M 15-May-88 540.79 540.79 0.00
52 3304180001 DISPLAY TERMINAL 2M3400 2M 21-Oct-83 479.25 479.25 0.00
52 3565185001 DISPLAY TERMINAL 2M3400 2M 15-Jul-85 1,460.00 1,460.00 0.00
52 M00000761 CENTRONICS PS-240 PRINTER 2M3400 2M 15-Feb-87 300.15 300.15 0.00
52 4331494001 SOLUTIONS 486DX33 PC 2M3400 2M 15-Jan-94 2,331.09 854.73 1,476.36
52 3533984001 PERSONALITY MODULE 2M3400 2M 15-Dec-84 1,061.46 1,061.46 0.00
52 3605286001 DISPLAY TERMINAL 2M3400 2M 15-Apr-86 1,460.00 1,460.00 0.00
52 4415295001 DELL 466L 340 DESKTOP PC 2M3400 2M 15-Sep-95 1,413.11 47.10 1,366.01
52 3758687001 BAR CODE READER 2M5304 2M 15-Apr-87 616.55 616.55 0.00
52 3986188001 TURBO XT 640K DISK DRIVE 2M3400 2M 15-Sep-88 1,995.00 1,995.00 0.00
52 3599685001 DISPLAY TERMINAL 2M3400 2M 15-Dec-85 1,460.00 1,460.00 0.00
52 3885488001 GENICOM PRINTER 4490 2M3400 2M 15-Jan-88 5,466.15 5,466.15 0.00
52 3665586001 LASER PAGE PRINTER 2M3400 2M 15-Dec-86 1,382.78 1,382.78 0.00
52 3804087001 IBM PCXT 2M3400 2M 15-Aug-87 1,495.00 1,495.00 0.00
52 4273493001 386 DX/33 COMPUTER 2M3400 2M 15-May-93 2,274.91 1,118.04 1,156.87
52 3823987001 MODEM P1000/144 2M3400 2M 15-Feb-87 1,595.50 1,595.50 0.00
52 M00000762 CENTRONICS PS-240 PRINTER 2M3400 2M 15-Feb-87 300.15 300.15 0.00
52 4331394001 SOLUTIONS 486DX33 PC 2M3400 2M 15-Jan-94 2,453.24 899.52 1,553.72
52 3822287001 H/P DISPLAY TERMINAL 2M3400 2M 15-Oct-87 1,011.04 1,011.04 0.00
52 3808287001 IBM PERSONAL COMPUTER 2M3320 2M 15-Sep-87 2,510.66 2,510.66 0.00
52 3655386001 HP CRT 2M3400 2M 15-Oct-86 1,460.00 1,460.00 0.00
52 3452982001 SOLA TRANSFORMER 2M3400 2M 21-Oct-83 1,116.80 1,116.80 0.00
52 H0006592 MITSUBISHI CRT COMPUTER M 2M3400 2M 15-Feb-87 1,800.00 1,800.00 0.00
52 3807687001 4-CHANNEL MUX 2M3400 2M 15-Sep-87 383.45 383.45 0.00
52 3826787001 H/P DISPLAY TERMINAL 2M3400 2M 15-Oct-87 805.50 805.50 0.00
52 3804187001 IBM PCXT 2M3400 2M 15-Aug-87 1,495.00 1,495.00 0.00
52 3929289001 HP 700/92 DISPLAY TERM. 2M3400 2M 15-May-89 776.28 776.28 0.00
52 3803987001 IBM PCXT 2M3400 2M 15-Aug-87 1,495.00 1,495.00 0.00
52 4009688001 GENICOM PRINTER 2M3400 2M 15-Dec-88 2,125.76 2,125.76 0.00
52 3553885001 DISPLAY TERMINAL 2M3400 2M 15-Mar-85 1,264.80 1,264.80 0.00
52 3759187001 DUPLICATOR 2M3400 2M 15-Apr-87 12,714.71 12,714.71 0.00
52 3826887001 H/P DISPLAY TERMINAL 2M3400 2M 15-Oct-87 805.50 805.50 0.00
52 3929489001 HP 700/92 DISPLAY TERM. 2M3400 2M 15-May-89 776.28 776.28 0.00
52 C0005908 IBM PC XT IRMA 2M3400 2M 15-Feb-87 3,000.10 3,000.10 0.00
52 4334794001 SOLUTION 486DX33 PC 2M3400 2M 15-Feb-94 2,478.25 867.39 1,610.86
52 3940088001 8-CHNL. LOCAL MULTIPLEXOR 2M3400 2M 15-Apr-88 711.16 711.16 0.00
52 3604786001 PARAMETER PROGRAMMER-121A 2M3400 2M 15-Apr-86 11,035.75 11,035.75 0.00
52 3967388001 HP CRT 700/92 2M3400 2M 15-Jul-88 841.75 841.75 0.00
52 4277593001 HEWLETT PACKARD PRINTER 2M3400 2M 15-Jun-93 946.15 457.31 488.84
52 4334694001 SOLUTION 486DX66 PC 2M3400 2M 15-Feb-94 4,182.55 1,463.90 2,718.65
52 4034989001 BAR CODE READER 2M5304 2M 15-May-89 498.73 498.73 0.00
52 3952088001 BAR CODE READER 2M3400 2M 15-May-88 540.79 540.79 0.00
52 3531984001 DISPLAY TERMINAL 2M3400 2M 15-Nov-84 1,264.80 1,264.80 0.00
52 4174091001 S/W & PRINTER LABELER 2M3400 2M 15-Dec-91 1,816.90 1,406.83 410.07
52 3606286001 MASTER PROGRAMMER-MODULE 2M3400 2M 15-Apr-86 6,921.50 6,921.50 0.00
52 3925789001 TURBO XT 640K DISK DRIVE 2M3400 2M 15-Jan-89 1,750.00 1,750.00 0.00
52 3960888001 DISK DRIVE & KIT 2M3400 2M 15-Jul-88 499.00 499.00 0.00
52 3588385001 DISPLAY TERMINAL 2M3400 2M 15-Oct-85 1,460.00 1,460.00 0.00
52 3942388001 HP CRT 700/92 2M3400 2M 15-May-88 823.46 823.46 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
52 3832487001 HP 700/92 TERMINAL 0.00 0.00 0.00
52 3952488001 BAR CODE READER 0.00 0.00 0.00
52 3304180001 DISPLAY TERMINAL 0.00 0.00 0.00
52 3565185001 DISPLAY TERMINAL 0.00 0.00 0.00
52 M00000761 CENTRONICS PS-240 PRINTER 0.00 0.00 0.00
52 4331494001 SOLUTIONS 486DX33 PC 38.85 19.43 1,456.93
52 3533984001 PERSONALITY MODULE 0.00 0.00 0.00
52 3605286001 DISPLAY TERMINAL 0.00 0.00 0.00
52 4415295001 DELL 466L 340 DESKTOP PC 4.28 2.14 1,363.87
52 3758687001 BAR CODE READER 0.00 0.00 0.00
52 3986188001 TURBO XT 640K DISK DRIVE 0.00 0.00 0.00
52 3599685001 DISPLAY TERMINAL 0.00 0.00 0.00
52 3885488001 GENICOM PRINTER 4490 0.00 0.00 0.00
52 3665586001 LASER PAGE PRINTER 0.00 0.00 0.00
52 3804087001 IBM PCXT 0.00 0.00 0.00
52 4273493001 386 DX/33 COMPUTER 38.56 19.28 1,137.59
52 3823987001 MODEM P1000/144 0.00 0.00 0.00
52 M00000762 CENTRONICS PS-240 PRINTER 0.00 0.00 0.00
52 4331394001 SOLUTIONS 486DX33 PC 40.89 20.44 1,533.28
52 3822287001 H/P DISPLAY TERMINAL 0.00 0.00 0.00
52 3808287001 IBM PERSONAL COMPUTER 0.00 0.00 0.00
52 3655386001 HP CRT 0.00 0.00 0.00
52 3452982001 SOLA TRANSFORMER 0.00 0.00 0.00
52 H0006592 MITSUBISHI CRT COMPUTER M 0.00 0.00 0.00
52 3807687001 4-CHANNEL MUX 0.00 0.00 0.00
52 3826787001 H/P DISPLAY TERMINAL 0.00 0.00 0.00
52 3804187001 IBM PCXT 0.00 0.00 0.00
52 3929289001 HP 700/92 DISPLAY TERM. 0.00 0.00 0.00
52 3803987001 IBM PCXT 0.00 0.00 0.00
52 4009688001 GENICOM PRINTER 0.00 0.00 0.00
52 3553885001 DISPLAY TERMINAL 0.00 0.00 0.00
52 3759187001 DUPLICATOR 0.00 0.00 0.00
52 3826887001 H/P DISPLAY TERMINAL 0.00 0.00 0.00
52 3929489001 HP 700/92 DISPLAY TERM. 0.00 0.00 0.00
52 C0005908 IBM PC XT IRMA 0.00 0.00 0.00
52 4334794001 SOLUTION 486DX33 PC 41.30 20.65 1,590.21
52 3940088001 8-CHNL. LOCAL MULTIPLEXOR 0.00 0.00 0.00
52 3604786001 PARAMETER PROGRAMMER-121A 0.00 0.00 0.00
52 3967388001 HP CRT 700/92 0.00 0.00 0.00
52 4277593001 HEWLETT PACKARD PRINTER 15.77 7.88 480.96
52 4334694001 SOLUTION 486DX66 PC 69.71 34.86 2,683.80
52 4034989001 BAR CODE READER 0.00 0.00 0.00
52 3952088001 BAR CODE READER 0.00 0.00 0.00
52 3531984001 DISPLAY TERMINAL 0.00 0.00 0.00
52 4174091001 S/W & PRINTER LABELER 31.54 15.77 394.30
52 3606286001 MASTER PROGRAMMER-MODULE 0.00 0.00 0.00
52 3925789001 TURBO XT 640K DISK DRIVE 0.00 0.00 0.00
52 3960888001 DISK DRIVE & KIT 0.00 0.00 0.00
52 3588385001 DISPLAY TERMINAL 0.00 0.00 0.00
52 3942388001 HP CRT 700/92 0.00 0.00 0.00
</TABLE>
39
E-164
<PAGE> 165
Page 40 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
52 4006288001 ADM-11 CRT LEAR SIEGLER 2M3400 2M 15-Dec-88 600.00 600.00 0.00
52 3605386001 IDSPLAY TERMINAL 2M3400 2M 15-Apr-86 1,460.00 1,460.00 0.00
52 3496984001 352030AA0002C1 T20 2M3400 2M 15-Feb-84 566.85 566.85 0.00
TYPE 52 SUBTOTAL 312,699.18 237,371.31 75,327.87
60 7403474003 13 IN REMINGTON TW 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
60 H0002964 3M OVERHEAD PRJ MOD 213 # 2M3400 2M 15-Feb-87 400.25 400.25 0.00
60 4172691001 LASER PRINTER 2M3400 2M 15-Dec-91 2,732.77 2,066.66 666.11
60 C0004364 TYPEWRITER 2M3400 2M 15-Feb-87 400.20 400.20 0.00
60 RAS190B FAX MACHINE 2M3400 2M 15-Jun-93 472.49 236.25 236.24
60 3159877001 SELECTRIC TYPEWRIT 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
60 3129677001 ECF ELEC TPEWRITER 2M3400 2M 21-Oct-83 1,005.58 1,005.58 0.00
60 7304673003 REMINGTON ELECTRIC 2M3400 2M 21-Oct-83 367.43 367.43 0.00
60 4435695001 CONFERENCE SPEAKER PHONE 2M3400 2M 15-Oct-95 1,149.50 19.16 1,130.34
TYPE 60 SUBTOTAL 8,539.38 6,506.69 2,032.69
62 3205178001 8794L DESK-O-MATIC 2M3400 2M 21-Oct-83 1,205.33 1,205.33 0.00
62 4077989001 DATACOM I-PORTABLE OFFICE 2M3400 2M 15-Oct-89 5,959.51 3,625.37 2,334.14
62 3156077001 660300 DESK 2M3400 2M 21-Oct-83 1,051.19 1,051.19 0.00
62 3986288001 SIMPLEX TIME CLOCK 2M3400 2M 15-Sep-88 1,080.74 774.53 306.21
TYPE 62 SUBTOTAL 9,296.77 6,656.42 2,640.35
75 4436995001 3B1068P01 2M3268 2M 15-Oct-95 21,500.01 597.22 20,902.79
75 4286093001 44C930137 2M3267 2M 15-Jun-93 1,986.13 1,599.93 386.20
75 3833587001 44B508004-001 2M3400 2M 15-Oct-87 6,200.00 6,200.00 0.00
75 4285593001 44D931334 SHUTTLE BAR ASSM 2M3400 2M 15-Jun-93 2,192.64 1,766.29 426.35
75 3674287001 44C430242-GO1 2M3400 2M 15-May-87 7,062.05 7,062.05 0.00
75 4309793001 44E918027G01 2M3267 2M 15-Aug-93 2,854.05 2,140.54 713.51
75 4337194001 4D931369 2M3267 2M 15-Mar-94 1,351.50 750.83 600.67
75 4285893001 44D931334 CARRIER 2M3267 2M 15-Jun-93 1,579.75 1,272.57 307.18
75 4000089001 44D430328-G02 GRIND.FIXTU 2M3400 2M 15-Feb-89 5,528.71 5,528.71 0.00
75 4174592001 3D0871P01 2M3302 2M 15-Oct-92 8,950.00 8,950.00 0.00
75 4285293001 44D931347 STRIKEBAR ALIGNMENT 2M3267 2M 15-Jun-93 1,201.62 967.97 233.65
75 3953588001 44C504439G06 MAGNET PLATE 2M3400 2M 15-Dec-88 4,796.65 4,796.65 0.00
75 4112690001 3D0601P01 HOLDING FIXT. 2M3304 2M 15-Aug-90 3,497.06 3,497.06 0.00
75 4056291001 44B508745-001 2M3400 2M 15-Dec-91 7,749.35 7,749.35 0.00
75 3818887001 44B508353-ASSEMBLY FIXTU 2M3124 2M 15-Sep-87 6,804.75 6,804.75 0.00
75 4143491001 3A0142P02 WASHER SOLENOID 2M3304 2M 15-Jan-91 2,400.00 2,400.00 0.00
75 3611286001 44C506647-001 2M3400 2M 15-May-86 6,150.00 6,150.00 0.00
75 4336994001 STAKING TOOL 2M3267 2M 15-Mar-94 1,541.25 856.25 685.00
75 4345994001 4D0751 PAPER JAM DETECTOR 2M3400 2M 15-May-94 1,600.00 800.00 800.00
75 3855387001 44A507981-001 CYL.DR.DIE 2M3304 2M 15-Apr-87 3,000.00 3,000.00 0.00
75 4347394001 44D931197 2M3400 2M 15-May-94 4,153.25 2,076.63 2,076.62
75 3988488001 3D0663P01 SUPP.ACOUS.DOOR 2M3108 2M 15-Jul-88 13,500.00 13,500.00 0.00
75 4343194001 STAKING TOOL ACTUATOR ASSEM 2M3267 2M 15-Apr-94 527.50 278.40 249.10
75 4343094001 STAKING TOOL ACTUATOR ASSEM 2M3267 2M 15-Apr-94 527.50 278.40 249.10
75 3770087001 64007302-2001 RIB.CAS.LID 2M3400 2M 15-Dec-87 68,650.00 68,650.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
52 4006288001 ADM-11 CRT LEAR SIEGLER 0.00 0.00 0.00
52 3605386001 IDSPLAY TERMINAL 0.00 0.00 0.00
52 3496984001 352030AA0002C1 T20 0.00 0.00 0.00
TYPE 52 SUBTOTAL 74,557.07
60 7403474003 13 IN REMINGTON TW 0.00 0.00 0.00
60 H0002964 3M OVERHEAD PRJ MOD 213 # 0.00 0.00 0.00
60 4172691001 LASER PRINTER 51.24 25.62 640.49
60 C0004364 TYPEWRITER 0.00 0.00 0.00
60 RAS190B FAX MACHINE 7.87 3.94 232.30
60 3159877001 SELECTRIC TYPEWRIT 0.00 0.00 0.00
60 3129677001 ECF ELEC TPEWRITER 0.00 0.00 0.00
60 7304673003 REMINGTON ELECTRIC 0.00 0.00 0.00
60 4435695001 CONFERENCE SPEAKER PHONE 1.74 0.87 1,129.47
TYPE 60 SUBTOTAL 2,002.26
62 3205178001 8794L DESK-O-MATIC 0.00 0.00 0.00
62 4077989001 DATACOM I-PORTABLE OFFICE 49.66 24.83 2,309.31
62 3156077001 660300 DESK 0.00 0.00 0.00
62 3986288001 SIMPLEX TIME CLOCK 9.01 4.50 301.71
TYPE 62 SUBTOTAL 2,611.02
75 4436995001 3B1068P01 54.29 27.15 20,875.64
75 4286093001 44C930137 55.17 27.59 358.62
75 3833587001 44B508004-001 0.00 0.00 0.00
75 4285593001 44D931334 SHUTTLE BAR ASSM 60.91 30.45 395.90
75 3674287001 44C430242-GO1 0.00 0.00 0.00
75 4309793001 44E918027G01 79.28 39.64 673.87
75 4337194001 4D931369 37.54 18.77 581.90
75 4285893001 44D931334 CARRIER 43.88 21.94 285.24
75 4000089001 44D430328-G02 GRIND.FIXTU 0.00 0.00 0.00
75 4174592001 3D0871P01 226.01 113.01 0.00
75 4285293001 44D931347 STRIKEBAR ALIGNMENT 33.38 16.69 216.96
75 3953588001 44C504439G06 MAGNET PLATE 0.00 0.00 0.00
75 4112690001 3D0601P01 HOLDING FIXT. 0.00 0.00 0.00
75 4056291001 44B508745-001 0.00 0.00 0.00
75 3818887001 44B508353-ASSEMBLY FIXTU 0.00 0.00 0.00
75 4143491001 3A0142P02 WASHER SOLENOID 0.00 0.00 0.00
75 3611286001 44C506647-001 0.00 0.00 0.00
75 4336994001 STAKING TOOL 42.81 21.41 663.59
75 4345994001 4D0751 PAPER JAM DETECTOR 44.44 22.22 777.78
75 3855387001 44A507981-001 CYL.DR.DIE 0.00 0.00 0.00
75 4347394001 44D931197 115.37 57.68 2,018.94
75 3988488001 3D0663P01 SUPP.ACOUS.DOOR 0.00 0.00 0.00
75 4343194001 STAKING TOOL ACTUATOR ASSEM 14.65 7.33 241.77
75 4343094001 STAKING TOOL ACTUATOR ASSEM 14.65 7.33 241.77
75 3770087001 64007302-2001 RIB.CAS.LID 0.00 0.00 0.00
</TABLE>
40
E-165
<PAGE> 166
Page 41 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
75 4160591001 44D430432-001 2M3268 2M 15-Jul-91 1,349.02 1,349.02 0.00
75 4249793001 44E918062 4800 ASSY FIXTURE 2M3400 2M 15-May-93 11,000.00 9,166.67 1,833.33
75 3822188001 64007126 2M3400 2M 15-May-88 3,200.00 3,200.00 0.00
75 4285793001 44D931334 SHUTTLE BAR ASSM 2M3267 2M 15-Jun-93 2,192.64 1,766.29 426.35
75 4372895001 44D931352 2M3268 2M 15-Apr-95 750.00 145.83 604.17
75 4083589001 44A509399-001 WIRE GUIDE 2M3302 2M 15-Nov-89 5,000.00 5,000.00 0.00
75 4040789001 4410/70 RIBBON STUFFER 2M3400 2M 15-Jul-89 5,060.55 5,060.55 0.00
75 3784487001 VELOCITY TEST FIXT. 2M3400 2M 15-Dec-87 3,768.77 3,768.77 0.00
75 3995089001 3D0602P02 CARTRIDGE BOTTOM 2M3400 2M 15-Jul-89 97,923.60 97,923.60 0.00
75 4413195001 44C510199-001 2 CAV MOLD C38 2M3400 2M 15-Apr-95 12,300.00 2,391.67 9,908.33
75 4185092001 3D0841P01 2M3304 2M 15-Oct-92 8,800.00 8,800.00 0.00
75 3923489001 3B0304-P01 CLUTCH DRIVE 2M3400 2M 15-May-89 8,800.00 8,800.00 0.00
75 3784987001 ACTUATOR GUIDE-STATORRIVE 2M3400 2M 15-Dec-87 3,947.01 3,947.01 0.00
75 3664387002 44B504380-G01 2M3400 2M 15-Oct-87 3,332.13 3,332.13 0.00
75 4041489001 4B508351-G01 PRESS.FIXT. 2M3400 2M 15-Sep-89 4,465.54 4,465.54 0.00
75 3927389001 RIBBON RUN-IN STUFFER 2M3400 2M 15-Aug-89 5,254.83 5,254.83 0.00
75 3853187001 44B508426-001 REINKER SUP 2M3400 2M 15-May-87 2,000.00 2,000.00 0.00
75 4148692001 3C0900P01 2M3304 2M 15-Feb-92 12,383.23 12,383.23 0.00
75 4170391001 3D0862P01 2M3212 2M 15-Dec-91 13,351.31 13,351.31 0.00
75 4148592001 3C0901P01 2M3304 2M 15-Feb-92 8,338.86 8,338.86 0.00
75 3985788001 44E918051 RIBBON STUFFER 2M3400 2M 15-Nov-88 6,293.91 6,293.91 0.00
75 4366395001 44E918062 2M3400 2M 15-Feb-95 11,323.71 2,830.93 8,492.78
75 4332994001 44D0931363 2M3400 2M 15-Jan-94 1,495.62 913.99 581.63
75 4337094001 44C930142 2M3267 2M 15-Mar-94 668.00 371.11 296.89
75 3852987001 44B508306-001 TOP LEVER 2M3400 2M 15-Jul-87 2,000.00 2,000.00 0.00
75 4412795001 44D416360-001 C13 2M3400 2M 15-Apr-95 6,837.80 1,329.58 5,508.22
75 4285993001 44C930137 2M3267 2M 15-Jun-93 1,986.12 1,599.93 386.19
75 4122491001 44C505002-002 2M3400 2M 15-Apr-91 27,072.08 27,072.08 0.00
75 3930089001 44B508503-001 MOBIUS GDE. 2M3400 2M 15-Jun-89 8,000.00 8,000.00 0.00
75 3927889001 44B508319-001 CLUTCH ROLL 2M3400 2M 15-May-89 8,800.00 8,800.00 0.00
75 3740787001 44B508286-003 2M3400 2M 15-Oct-87 5,200.00 5,200.00 0.00
75 3896688001 44B505401 PULLEY 2M3400 2M 15-May-88 7,397.08 7,397.08 0.00
75 3606986001 44B504045 2M3400 2M 15-Apr-86 11,370.96 11,370.96 0.00
75 3863288001 44C505011-002 SIDE SHEET 2M3400 2M 15-Apr-88 4,650.00 4,650.00 0.00
75 4261193001 4C0556P01 DRIVE GEAR 2M3400 2M 15-Jun-93 1,280.00 1,031.11 248.89
75 4367194001 44B503316-001 2M3268 2M 15-Sep-94 1,219.10 474.09 745.01
75 3916588001 3B0308-P01 CLAMP CONNECT 2M3400 2M 15-Aug-88 8,000.00 8,000.00 0.00
75 3670587001 44B503576 2M3400 2M 15-Sep-87 4,852.06 4,852.06 0.00
75 4150491001 44C505045-001 2M3400 2M 15-Mar-91 12,445.83 12,445.83 0.00
75 4285693001 44D931334 SHUTTLE BAR ASSM 2M3400 2M 15-Jun-93 2,192.64 1,766.29 426.35
75 4117790001 RIBBON RUN-IN MACHINE 2M3400 2M 15-Jun-90 5,946.31 5,946.31 0.00
75 4285493001 44D931334 2M3400 2M 15-Jun-93 2,192.64 1,766.29 426.35
75 3843288001 640073772001 NOSE CAP 2M3001 2M 15-Mar-88 4,000.00 4,000.00 0.00
75 4160492001 3C0941G01 2M3302 2M 15-Oct-92 1,912.30 1,912.30 0.00
75 3852787001 44B508304-001 STRIPPER 2M3400 2M 15-Jun-87 2,500.00 2,500.00 0.00
75 3612886001 44B506300-001 2M3400 2M 15-Jun-86 5,800.00 5,800.00 0.00
75 3689287001 44B504609-003/004 2M3400 2M 15-Feb-87 5,950.00 5,950.00 0.00
75 4117290001 MOLD FOR CHUTE-HOUSING UP 2M3400 2M 15-Aug-90 1,715.58 1,715.58 0.00
75 4283393001 44D931349 2M3267 2M 15-Jun-93 1,352.71 1,089.68 263.03
75 4285393001 44D931334 SHUTTLE BAR ASSM 2M3267 2M 15-Jun-93 2,192.64 1,766.29 426.35
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
75 4160591001 44D430432-001 0.00 0.00 0.00
75 4249793001 44E918062 4800 ASSY FIXTURE 305.56 152.78 1,680.55
75 3822188001 64007126 0.00 0.00 0.00
75 4285793001 44D931334 SHUTTLE BAR ASSM 60.91 30.45 395.90
75 4372895001 44D931352 13.26 6.63 597.54
75 4083589001 44A509399-001 WIRE GUIDE 0.00 0.00 0.00
75 4040789001 4410/70 RIBBON STUFFER 0.00 0.00 0.00
75 3784487001 VELOCITY TEST FIXT. 0.00 0.00 0.00
75 3995089001 3D0602P02 CARTRIDGE BOTTOM 0.00 0.00 0.00
75 4413195001 44C510199-001 2 CAV MOLD C38 217.42 108.71 9,799.62
75 4185092001 3D0841P01 222.22 111.11 0.00
75 3923489001 3B0304-P01 CLUTCH DRIVE 0.00 0.00 0.00
75 3784987001 ACTUATOR GUIDE-STATORRIVE 0.00 0.00 0.00
75 3664387002 44B504380-G01 0.00 0.00 0.00
75 4041489001 4B508351-G01 PRESS.FIXT. 0.00 0.00 0.00
75 3927389001 RIBBON RUN-IN STUFFER 0.00 0.00 0.00
75 3853187001 44B508426-001 REINKER SUP 0.00 0.00 0.00
75 4148692001 3C0900P01 63.63 31.81 0.00
75 4170391001 3D0862P01 202.29 101.15 0.00
75 4148592001 3C0901P01 42.48 21.24 0.00
75 3985788001 44E918051 RIBBON STUFFER 0.00 0.00 0.00
75 4366395001 44E918062 257.36 128.68 8,364.10
75 4332994001 44D0931363 41.55 20.77 560.86
75 4337094001 44C930142 18.56 9.28 287.61
75 3852987001 44B508306-001 TOP LEVER 0.00 0.00 0.00
75 4412795001 44D416360-001 C13 120.87 60.44 5,447.78
75 4285993001 44C930137 55.17 27.59 358.61
75 4122491001 44C505002-002 0.00 0.00 0.00
75 3930089001 44B508503-001 MOBIUS GDE. 0.00 0.00 0.00
75 3927889001 44B508319-001 CLUTCH ROLL 0.00 0.00 0.00
75 3740787001 44B508286-003 0.00 0.00 0.00
75 3896688001 44B505401 PULLEY 0.00 0.00 0.00
75 3606986001 44B504045 0.00 0.00 0.00
75 3863288001 44C505011-002 SIDE SHEET 0.00 0.00 0.00
75 4261193001 4C0556P01 DRIVE GEAR 35.56 17.78 231.11
75 4367194001 44B503316-001 33.86 16.93 728.08
75 3916588001 3B0308-P01 CLAMP CONNECT 0.00 0.00 0.00
75 3670587001 44B503576 0.00 0.00 0.00
75 4150491001 44C505045-001 0.00 0.00 0.00
75 4285693001 44D931334 SHUTTLE BAR ASSM 60.91 30.45 395.90
75 4117790001 RIBBON RUN-IN MACHINE 0.00 0.00 0.00
75 4285493001 44D931334 60.91 30.45 395.90
75 3843288001 640073772001 NOSE CAP 0.00 0.00 0.00
75 4160492001 3C0941G01 48.29 24.15 0.00
75 3852787001 44B508304-001 STRIPPER 0.00 0.00 0.00
75 3612886001 44B506300-001 0.00 0.00 0.00
75 3689287001 44B504609-003/004 0.00 0.00 0.00
75 4117290001 MOLD FOR CHUTE-HOUSING UP 0.00 0.00 0.00
75 4283393001 44D931349 37.58 18.79 244.24
75 4285393001 44D931334 SHUTTLE BAR ASSM 60.91 30.45 395.90
</TABLE>
41
E-166
<PAGE> 167
Page 42 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
75 3969689001 44B430111-003 2M3400 2M 15-May-89 24,000.00 24,000.00 0.00
75 4413495001 44A505361-002 B11 2M3400 2M 15-Apr-95 12,600.00 2,450.00 10,150.00
75 3640486001 44C415265-001 & 002 2M3400 2M 15-Sep-86 5,403.03 5,403.03 0.00
75 3848388001 44D416416G06/G08 2M3400 2M 15-Jun-88 7,385.39 7,385.39 0.00
75 4249593001 44D931330 SHUTTLE SPRING ASM 2M3400 2M 15-May-93 8,795.00 7,329.17 1,465.83
75 4136191001 44D416282-003 2M3304 2M 15-May-91 2,245.00 2,245.00 0.00
75 3928789001 44B508306-001 LEVER TOP 2M3400 2M 15-Jul-89 14,000.00 14,000.00 0.00
75 3784587001 VELOCITY TEST FIXT. 2M3400 2M 15-Dec-87 3,768.76 3,768.76 0.00
75 4083690001 9D0301P01 RIBBON SUPPORT 2M3400 2M 15-Aug-90 32,500.00 32,500.00 0.00
75 4068690001 3D0659P01 LEVER GAP ADJ. 2M3400 2M 15-Apr-90 8,200.00 8,200.00 0.00
75 3800587001 44C506634-001/002 2M3400 2M 15-Dec-87 5,900.00 5,900.00 0.00
75 4112791001 COUNT MOD/CONTROL BOARD 2M3400 2M 15-Dec-91 1,803.93 1,803.93 0.00
75 3822187001 64007313-4 CAVITY MOLD 2M3400 2M 15-Dec-87 6,961.76 6,961.76 0.00
75 4193692001 DUPLICATE TOOLING ASSEMBLY 2M3400 2M 15-Oct-92 48,603.06 48,603.06 0.00
75 4132990001 44C504454 COIL RING MOLD 2M3400 2M 15-Sep-90 9,017.58 9,017.58 0.00
75 4097090001 3B0349P02 PULLEY 2M3302 2M 15-Aug-90 13,102.53 13,102.53 0.00
75 3688487001 44D416446-001/002 2M3400 2M 15-Feb-87 19,818.75 19,818.75 0.00
75 4410195001 44C414965-001 2M3400 2M 15-Mar-95 3,400.00 755.56 2,644.44
75 3845892002 3B0356P03 2M3212 2M 15-Oct-92 898.90 898.90 0.00
75 3796388001 64007207-2001 2M3400 2M 15-Apr-88 3,200.00 3,200.00 0.00
75 4114390001 3A0132P01 RAIL FRONT 2M3302 2M 15-Jun-90 746.25 746.25 0.00
75 4041389001 44C430245 ACTUATOR FIXT. 2M3400 2M 15-Sep-89 5,032.15 5,032.15 0.00
75 4309693001 44D931354-1A 2M3267 2M 15-Aug-93 1,651.83 1,238.87 412.96
75 3987688001 3C0520P01 HOUSING HOME SE 2M3108 2M 15-May-88 9,000.00 9,000.00 0.00
75 4285093001 44D931347 STRIKEBAR ALIGNMENT 2M3267 2M 15-Jun-93 1,201.62 967.97 233.65
75 3688187001 44B506338-002 2M3400 2M 15-Feb-87 6,650.00 6,650.00 0.00
75 4347294001 44D931340 2M3400 2M 15-May-94 2,175.00 1,087.50 1,087.50
75 4133490001 PCB TOOLING 2M3400 2M 15-Sep-90 2,456.11 2,456.11 0.00
75 3784887001 ACTUATOR GD-STATOR RIVET 2M3400 2M 15-Dec-87 3,947.01 3,947.01 0.00
75 4284893001 44D931347 STRIKEBAR ALIGNMENT 2M3267 2M 15-Jun-93 1,201.63 967.98 233.65
75 3995089002 3D0602P02-MODIFY-CARTRIDGE BOT 2M3400 2M 15-Apr-94 6,100.00 3,219.45 2,880.55
75 3800188001 64007310-2001 ROLLERSHAFT 2M3400 2M 15-Feb-88 18,825.35 18,825.35 0.00
75 4052590001 3D0626P04 FENCE COVER 2M3302 2M 15-Mar-90 5,544.25 5,544.25 0.00
75 4174792001 3C0941G01 2M3302 2M 15-Oct-92 3,750.00 3,750.00 0.00
75 4116290001 44C510199-001 COMB-RIBCAR 2M3400 2M 15-Aug-90 10,643.66 10,643.66 0.00
75 3640586001 44B503576-001 & 002 2M3400 2M 15-Sep-86 5,196.44 5,196.44 0.00
75 3841988001 3A0139-P01 RUBBER BUMPER 2M3304 2M 15-Apr-88 3,251.34 3,251.34 0.00
75 4410895001 44E918048 2M3268 2M 15-Mar-95 8,120.50 1,804.56 6,315.94
75 4118190001 RIBBON CARTRIDGE SENSING 2M3400 2M 15-May-90 2,889.53 2,889.53 0.00
75 0070687001 64004737-2001 NOSE CONE 2M3001 2M 15-Dec-87 2,212.50 2,212.50 0.00
75 4118090001 RIBBON RUN-IN STATION 2M3400 2M 15-Aug-90 3,351.77 3,351.77 0.00
75 3769988001 64007301-2001 RIB.CAS.BOD 2M3400 2M 15-Apr-88 99,800.13 99,800.13 0.00
75 3988088001 3D0601P01 CARRIAGE 2M3108 2M 15-Jul-88 16,000.00 16,000.00 0.00
75 4122891001 3B0305P01 2M3400 2M 15-Dec-91 3,910.00 3,910.00 0.00
75 4117990001 RIBBON RUN-IN MACHINE 2M3400 2M 15-Jun-90 5,946.31 5,946.31 0.00
75 4041789001 PRINTHEAD GRIND FIXTURE 2M3400 2M 15-Aug-89 8,299.37 8,299.37 0.00
75 4117890001 RIBBON RUN-IN STATION 2M3400 2M 15-Aug-90 3,485.93 3,485.93 0.00
75 3903888001 64007398-2001 MAGNET PLAT 2M3400 2M 15-Dec-88 18,400.00 18,400.00 0.00
75 4248693001 4C0268P02,4 CAV 2M3268 2M 15-Nov-93 53,341.50 33,997.75 19,343.75
75 3931089001 44A509076-001 ROLLER RIBC 2M3400 2M 15-Aug-89 7,800.00 7,800.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
75 3969689001 44B430111-003 0.00 0.00 0.00
75 4413495001 44A505361-002 B11 222.73 111.36 10,038.64
75 3640486001 44C415265-001 & 002 0.00 0.00 0.00
75 3848388001 44D416416G06/G08 0.00 0.00 0.00
75 4249593001 44D931330 SHUTTLE SPRING ASM 244.31 122.15 1,343.68
75 4136191001 44D416282-003 0.00 0.00 0.00
75 3928789001 44B508306-001 LEVER TOP 0.00 0.00 0.00
75 3784587001 VELOCITY TEST FIXT. 0.00 0.00 0.00
75 4083690001 9D0301P01 RIBBON SUPPORT 0.00 0.00 0.00
75 4068690001 3D0659P01 LEVER GAP ADJ. 0.00 0.00 0.00
75 3800587001 44C506634-001/002 0.00 0.00 0.00
75 4112791001 COUNT MOD/CONTROL BOARD 0.00 0.00 0.00
75 3822187001 64007313-4 CAVITY MOLD 0.00 0.00 0.00
75 4193692001 DUPLICATE TOOLING ASSEMBLY 1,228.70 614.35 0.00
75 4132990001 44C504454 COIL RING MOLD 0.00 0.00 0.00
75 4097090001 3B0349P02 PULLEY 0.00 0.00 0.00
75 3688487001 44D416446-001/002 0.00 0.00 0.00
75 4410195001 44C414965-001 68.69 34.34 2,610.10
75 3845892002 3B0356P03 22.70 11.35 0.00
75 3796388001 64007207-2001 0.00 0.00 0.00
75 4114390001 3A0132P01 RAIL FRONT 0.00 0.00 0.00
75 4041389001 44C430245 ACTUATOR FIXT. 0.00 0.00 0.00
75 4309693001 44D931354-1A 45.88 22.94 390.02
75 3987688001 3C0520P01 HOUSING HOME SE 0.00 0.00 0.00
75 4285093001 44D931347 STRIKEBAR ALIGNMENT 33.38 16.69 216.96
75 3688187001 44B506338-002 0.00 0.00 0.00
75 4347294001 44D931340 60.42 30.21 1,057.29
75 4133490001 PCB TOOLING 0.00 0.00 0.00
75 3784887001 ACTUATOR GD-STATOR RIVET 0.00 0.00 0.00
75 4284893001 44D931347 STRIKEBAR ALIGNMENT 33.38 16.69 216.96
75 3995089002 3D0602P02-MODIFY-CARTRIDGE BOT 169.44 84.72 2,795.83
75 3800188001 64007310-2001 ROLLERSHAFT 0.00 0.00 0.00
75 4052590001 3D0626P04 FENCE COVER 0.00 0.00 0.00
75 4174792001 3C0941G01 94.70 47.35 0.00
75 4116290001 44C510199-001 COMB-RIBCAR 0.00 0.00 0.00
75 3640586001 44B503576-001 & 002 0.00 0.00 0.00
75 3841988001 3A0139-P01 RUBBER BUMPER 0.00 0.00 0.00
75 4410895001 44E918048 164.05 82.03 6,233.91
75 4118190001 RIBBON CARTRIDGE SENSING 0.00 0.00 0.00
75 0070687001 64004737-2001 NOSE CONE 0.00 0.00 0.00
75 4118090001 RIBBON RUN-IN STATION 0.00 0.00 0.00
75 3769988001 64007301-2001 RIB.CAS.BOD 0.00 0.00 0.00
75 3988088001 3D0601P01 CARRIAGE 0.00 0.00 0.00
75 4122891001 3B0305P01 0.00 0.00 0.00
75 4117990001 RIBBON RUN-IN MACHINE 0.00 0.00 0.00
75 4041789001 PRINTHEAD GRIND FIXTURE 0.00 0.00 0.00
75 4117890001 RIBBON RUN-IN STATION 0.00 0.00 0.00
75 3903888001 64007398-2001 MAGNET PLAT 0.00 0.00 0.00
75 4248693001 4C0268P02,4 CAV 1,560.91 780.45 18,563.30
75 3931089001 44A509076-001 ROLLER RIBC 0.00 0.00 0.00
</TABLE>
42
E-167
<PAGE> 168
Page 43 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
75 3928889001 44B508313-001 ROLLER CORE 2M3400 2M 15-Jun-89 10,500.00 10,500.00 0.00
75 3657886001 44B505497-001 2M3400 2M 15-Nov-86 7,183.89 7,183.89 0.00
75 3987888001 3C0545P01 GEAR COVER TRAC 2M3108 2M 15-Aug-88 2,000.00 2,000.00 0.00
75 4309593001 44D931354-1A 2M3267 2M 15-Aug-93 1,651.83 1,238.87 412.96
75 4413395001 3A0296P02 B06 2M3400 2M 15-Apr-95 8,225.00 1,599.30 6,625.70
75 3674087001 44C430245-G02 2M3400 2M 15-May-87 5,271.67 5,271.67 0.00
75 4077589001 RIBBON STUFFER 2M3400 2M 15-Dec-89 5,569.76 5,569.76 0.00
75 4420595001 44D931018 PRESSING FIXTURE 2M3400 2M 15-Jun-95 1,995.00 277.09 1,717.91
75 3673887001 44D430328 2M3400 2M 15-May-87 7,801.83 7,801.83 0.00
75 3854387001 44C430236-001 CONTROL PAN 2M3304 2M 15-Jul-87 4,000.00 4,000.00 0.00
75 4114490001 RIBBON RUN-IN STATION 2M3400 2M 15-Aug-90 4,336.16 4,336.16 0.00
75 3994989001 3D0600P02 CARTRIDGE TOP 2M3400 2M 15-Jul-89 83,136.79 83,136.79 0.00
75 3960588001 44C504497-001 2M3400 2M 15-Oct-88 4,053.48 4,053.48 0.00
75 4297293001 4B0115 GRINDING FIXTURE 2M3267 2M 15-Jul-93 700.00 544.44 155.56
75 3843188001 640073372001 BULKHEAD #2 2M3001 2M 15-Mar-88 2,825.00 2,825.00 0.00
75 3658186001 44D416289 2M3400 2M 15-Nov-86 9,339.83 9,339.83 0.00
75 3625486001 44C504460-004 2M3400 2M 15-Jul-86 5,711.59 5,711.59 0.00
75 4325693001 4B0115G01 LINEAR MOTOR COIL 2M3308 2M 15-Nov-93 800.00 533.33 266.67
75 4056491001 44B508740-001 2M3304 2M 15-Dec-91 1,724.36 1,724.36 0.00
75 4309493001 44D931354-1 2M3267 2M 15-Aug-93 1,651.84 1,238.88 412.96
75 4045891001 44B508745-001 2M3400 2M 15-Dec-91 11,900.00 11,900.00 0.00
75 4117390001 MOLD FOR CHUTE-HOUSING UP 2M3400 2M 15-Aug-90 1,461.70 1,461.70 0.00
75 3800487002 44C506635-001 2M3400 2M 15-Dec-87 5,200.00 5,200.00 0.00
75 3674187001 44A507992-G01 2M3400 2M 15-Sep-87 5,924.89 5,924.89 0.00
75 4343294001 STAKING TOOL ACTUATOR ASSEM 2M3267 2M 15-Apr-94 1,510.25 797.07 713.18
75 4285193001 44D931347 STRIKEBAR ALIGNMENT 2M3400 2M 15-Jun-93 1,201.62 967.97 233.65
75 4416395001 44B504045-001 B83 2M3400 2M 15-May-95 11,534.50 1,900.86 9,633.64
75 4249693001 44D931332 COUNTER-MASS ASSY 2M3400 2M 15-Apr-93 1,983.52 1,708.03 275.49
75 4128991001 3C0530P01 2M3400 2M 15-Dec-91 10,165.18 10,165.18 0.00
75 4408495001 44C916915 PRESSING FIXTURE 2M3400 2M 15-Feb-95 997.50 249.38 748.12
75 4284993001 44D931347 STRIKEBAR ALIGNMENT 2M3400 2M 15-Jun-93 1,201.63 967.98 233.65
75 4347194001 44D931338 2M3400 2M 15-May-94 780.00 390.00 390.00
75 4114590001 RIBBON STUFFER 2M3400 2M 15-Jun-90 6,702.08 6,702.08 0.00
75 4118490001 44D416283-003 FAN SHROUD 2M3400 2M 15-Sep-90 2,271.31 2,271.31 0.00
75 4152791001 3B1009P01/SPRING CLUTCH 2M3304 2M 15-Jun-91 6,713.00 6,713.00 0.00
75 3754787001 44C430247 2M3400 2M 15-Oct-87 6,150.00 6,150.00 0.00
75 4044089001 44D430328 CHECKING FIXTU 2M3400 2M 15-Oct-89 4,526.89 4,526.89 0.00
75 3988388001 3D0642P01 DETENT TRAC.ASM 2M3108 2M 15-Jul-88 3,000.00 3,000.00 0.00
75 4277193001 4B0115G01 LINEAR MOTOR COIL 2M3308 2M 15-Jun-93 800.00 644.44 155.56
75 3919788001 44A509326-001 CLEVIS 2M3304 2M 15-Jul-88 3,250.00 3,250.00 0.00
75 4352894001 44D931340 2M3400 2M 15-Jun-94 2,320.25 1,095.67 1,224.58
75 4041589001 44C430245 TORQUING FIXTUR 2M3400 2M 15-Oct-89 5,660.10 5,660.10 0.00
75 4094890001 44B508742-001 LOOP SUPP. 2M3400 2M 15-Oct-90 5,220.26 5,220.26 0.00
75 4357594001 44D931336 2M3400 2M 15-Jul-94 5,246.43 2,331.75 2,914.68
75 3927289001 RIBBON RUN-IN UNIT 2M3400 2M 15-Aug-89 5,381.44 5,381.44 0.00
75 4325793001 4B0115G01 LINEAR MOTOR COIL 2M3308 2M 15-Nov-93 800.00 533.33 266.67
75 4112490001 3D0640P02 SHIELD ESD 2M3302 2M 15-Mar-90 5,600.00 5,600.00 0.00
75 4045690001 44D430335-002 RIB CART 2M3400 2M 15-Jan-90 48,500.00 48,500.00 0.00
75 3985988001 44E918052 RIBBON RUN-IN 2M3400 2M 15-Dec-88 5,701.05 5,701.05 0.00
75 4040689001 44A509345001 BACK STOP 2M3304 2M 15-Sep-89 4,709.58 4,709.58 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
75 3928889001 44B508313-001 ROLLER CORE 0.00 0.00 0.00
75 3657886001 44B505497-001 0.00 0.00 0.00
75 3987888001 3C0545P01 GEAR COVER TRAC 0.00 0.00 0.00
75 4309593001 44D931354-1A 45.88 22.94 390.02
75 4413395001 3A0296P02 B06 145.39 72.70 6,553.00
75 3674087001 44C430245-G02 0.00 0.00 0.00
75 4077589001 RIBBON STUFFER 0.00 0.00 0.00
75 4420595001 44D931018 PRESSING FIXTURE 25.19 12.60 1,705.32
75 3673887001 44D430328 0.00 0.00 0.00
75 3854387001 44C430236-001 CONTROL PAN 0.00 0.00 0.00
75 4114490001 RIBBON RUN-IN STATION 0.00 0.00 0.00
75 3994989001 3D0600P02 CARTRIDGE TOP 0.00 0.00 0.00
75 3960588001 44C504497-001 0.00 0.00 0.00
75 4297293001 4B0115 GRINDING FIXTURE 19.44 9.72 145.84
75 3843188001 640073372001 BULKHEAD #2 0.00 0.00 0.00
75 3658186001 44D416289 0.00 0.00 0.00
75 3625486001 44C504460-004 0.00 0.00 0.00
75 4325693001 4B0115G01 LINEAR MOTOR COIL 22.22 11.11 255.56
75 4056491001 44B508740-001 0.00 0.00 0.00
75 4309493001 44D931354-1 45.88 22.94 390.02
75 4045891001 44B508745-001 0.00 0.00 0.00
75 4117390001 MOLD FOR CHUTE-HOUSING UP 0.00 0.00 0.00
75 3800487002 44C506635-001 0.00 0.00 0.00
75 3674187001 44A507992-G01 0.00 0.00 0.00
75 4343294001 STAKING TOOL ACTUATOR ASSEM 41.95 20.98 692.20
75 4285193001 44D931347 STRIKEBAR ALIGNMENT 33.38 16.69 216.96
75 4416395001 44B504045-001 B83 172.81 86.40 9,547.24
75 4249693001 44D931332 COUNTER-MASS ASSY 55.10 27.55 0.00
75 4128991001 3C0530P01 0.00 0.00 0.00
75 4408495001 44C916915 PRESSING FIXTURE 22.67 11.34 736.78
75 4284993001 44D931347 STRIKEBAR ALIGNMENT 33.38 16.69 216.96
75 4347194001 44D931338 21.67 10.83 379.17
75 4114590001 RIBBON STUFFER 0.00 0.00 0.00
75 4118490001 44D416283-003 FAN SHROUD 0.00 0.00 0.00
75 4152791001 3B1009P01/SPRING CLUTCH 0.00 0.00 0.00
75 3754787001 44C430247 0.00 0.00 0.00
75 4044089001 44D430328 CHECKING FIXTU 0.00 0.00 0.00
75 3988388001 3D0642P01 DETENT TRAC.ASM 0.00 0.00 0.00
75 4277193001 4B0115G01 LINEAR MOTOR COIL 22.22 11.11 144.45
75 3919788001 44A509326-001 CLEVIS 0.00 0.00 0.00
75 4352894001 44D931340 64.45 32.23 1,192.35
75 4041589001 44C430245 TORQUING FIXTUR 0.00 0.00 0.00
75 4094890001 44B508742-001 LOOP SUPP. 0.00 0.00 0.00
75 4357594001 44D931336 145.73 72.87 2,841.81
75 3927289001 RIBBON RUN-IN UNIT 0.00 0.00 0.00
75 4325793001 4B0115G01 LINEAR MOTOR COIL 22.22 11.11 255.56
75 4112490001 3D0640P02 SHIELD ESD 0.00 0.00 0.00
75 4045690001 44D430335-002 RIB CART 0.00 0.00 0.00
75 3985988001 44E918052 RIBBON RUN-IN 0.00 0.00 0.00
75 4040689001 44A509345001 BACK STOP 0.00 0.00 0.00
</TABLE>
43
E-168
<PAGE> 169
Page 44 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
75 3943888001 44D416482 ASSEMBLY FIXTUR 2M3400 2M 15-Dec-88 2,127.52 2,127.52 0.00
75 4132890001 44D917866 GRIND FIXTURE 2M3400 2M 15-Sep-90 2,807.28 2,807.28 0.00
75 4339294001 LOADING FIXTURE-AFTON PTHD 2M3267 2M 15-Apr-94 1,325.00 699.30 625.70
75 4410095001 44D416196-001 2M3268 2M 15-Mar-95 2,890.00 642.22 2,247.78
75 4116390001 44B508312-001 SUP.REINKER 2M3400 2M 15-Aug-90 7,186.00 7,186.00 0.00
75 3688387001 44D416430-001 & 002 2M3400 2M 15-Feb-87 12,100.00 12,100.00 0.00
75 4045790001 44E416580-002 RIBCART TOP 2M3400 2M 15-Jan-90 87,700.00 87,700.00 0.00
75 4011889001 44A507992-G01 2M3400 2M 15-Apr-89 3,799.17 3,799.17 0.00
75 3820288001 3D0611P01 REAR ACCESS DR. 2M3304 2M 15-Dec-88 81,605.00 81,605.00 0.00
75 3932089001 3D0682G01 OUTPUT RACK ASM 2M3302 2M 15-Jul-89 4,847.44 4,847.44 0.00
75 3651486001 44B418520-001 2M3400 2M 15-Sep-86 7,606.39 7,606.39 0.00
75 3610986001 44A503668-001 2M3400 2M 15-Jul-86 4,518.25 4,518.25 0.00
75 3853487001 44D430330-001 RIBBON DRIV 2M3400 2M 15-Jun-87 5,000.00 5,000.00 0.00
75 3800088001 64007306-2001 ROLLER SHFT 2M3400 2M 15-Apr-88 24,523.25 24,523.25 0.00
75 3899688001 44D416476-G01, G02 2M3400 2M 15-Jun-88 6,054.52 6,054.52 0.00
75 3813487001 44A506413-001 2M3400 2M 15-Dec-87 2,267.00 2,267.00 0.00
75 4025489001 44C430242-G01 SIZING FIXT 2M3400 2M 15-Jun-89 6,348.13 6,348.13 0.00
75 3987788001 3C0530P01 EXIT ROLLER BRG 2M3108 2M 15-Aug-88 3,250.00 3,250.00 0.00
75 3843088001 640073362001 BULKHEAD #3 2M3001 2M 15-Mar-88 2,825.00 2,825.00 0.00
75 3784787001 DRIVE STUD FIXT. 2M3400 2M 15-Dec-87 5,891.80 5,891.80 0.00
75 4372795001 44E918062 2M3400 2M 15-Feb-95 11,323.72 1,698.56 9,625.16
75 4332894001 44D0931363 2M3400 2M 15-Jan-94 1,495.63 914.00 581.63
75 4339194001 44D931370 CHECKING FIXTURE 2M3267 2M 15-Apr-94 2,895.00 1,527.92 1,367.08
75 4149191001 44E416580-002 REF:40457 2M3400 2M 15-Mar-91 3,800.00 3,800.00 0.00
75 4169391001 3C0925P01 2M3304 2M 15-Nov-91 4,413.00 4,413.00 0.00
75 4313393001 44D416497-001 CARTRIDGE TOP 2M3400 2M 15-Sep-93 17,000.00 12,277.78 4,722.22
75 3612786001 44B506342-001 2M3400 2M 15-Jun-86 3,734.00 3,734.00 0.00
75 4283293001 44D931350 2M3400 2M 15-Jun-93 1,438.00 1,158.39 279.61
75 3839391002 3D0650P01 2M3212 2M 15-Dec-91 2,713.71 2,713.71 0.00
75 4041889001 PRINTHEAD GRINDING FIXTUR 2M3400 2M 15-Aug-89 5,173.52 5,173.52 0.00
75 4248593001 4B0199P01 & 4B0504P01 2M3400 2M 15-Jun-93 29,500.00 23,763.89 5,736.11
75 4025389001 44B508478-002 GUIDE RIBBN 2M3400 2M 15-Oct-89 9,850.00 9,850.00 0.00
75 4153191001 3A0267P01 2M3400 2M 15-Jul-91 8,663.52 8,663.52 0.00
75 3813987001 44B430111 2M3400 2M 15-Sep-87 11,900.00 11,900.00 0.00
75 3999989001 44D430328 GRINDING FIXTU 2M3400 2M 15-Feb-89 7,056.13 7,056.13 0.00
75 4162991001 3C0927P01 2M3304 2M 15-Sep-91 3,120.00 3,120.00 0.00
75 4004089001 44B506384-001 2M3400 2M 15-Jul-89 8,525.00 8,525.00 0.00
75 3784687001 DRIVE STUD FIXT. 2M3400 2M 15-Dec-87 5,891.80 5,891.80 0.00
75 4135291001 44A509399-001 2M3304 2M 15-May-91 2,279.61 2,279.61 0.00
75 4041689001 44C430244 ASSEMBLY FIXT. 2M3400 2M 15-Sep-89 6,416.87 6,416.87 0.00
75 3993289001 3C0565P01 CONTACT SPRING 2M3302 2M 15-Oct-89 3,801.60 3,801.60 0.00
75 3820388001 3D0612P01 FRONT ACCESS DR 2M3304 2M 15-Dec-88 56,680.00 56,680.00 0.00
75 3931289001 3B0338P01 FLANGE PULLEY 2M3302 2M 15-Jul-89 6,462.81 6,462.81 0.00
75 3919688001 44B508631-001 SUP.FOLLOW 2M3304 2M 15-Jul-88 3,295.00 3,295.00 0.00
75 4122391001 44C505016-001 2M3400 2M 15-Jun-91 16,227.09 16,227.09 0.00
75 3794187001 64007309 2M3400 2M 15-Dec-87 22,216.37 22,216.37 0.00
75 4068790001 3B0433P01 BEARING NIP ROL 2M3304 2M 15-Jan-90 5,132.55 5,132.55 0.00
75 3805087001 44B508518-001 PWB SUPPORT 2M3400 2M 15-Dec-87 5,858.92 5,858.92 0.00
75 3817487001 44C415374-004 2M3400 2M 15-Aug-87 438.26 438.26 0.00
75 4174692001 3D0875G01 2M3302 2M 15-Oct-92 4,200.00 4,200.00 0.00
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
75 3943888001 44D416482 ASSEMBLY FIXTUR 0.00 0.00 0.00
75 4132890001 44D917866 GRIND FIXTURE 0.00 0.00 0.00
75 4339294001 LOADING FIXTURE-AFTON PTHD 36.81 18.40 607.30
75 4410095001 44D416196-001 58.38 29.19 2,218.59
75 4116390001 44B508312-001 SUP.REINKER 0.00 0.00 0.00
75 3688387001 44D416430-001 & 002 0.00 0.00 0.00
75 4045790001 44E416580-002 RIBCART TOP 0.00 0.00 0.00
75 4011889001 44A507992-G01 0.00 0.00 0.00
75 3820288001 3D0611P01 REAR ACCESS DR. 0.00 0.00 0.00
75 3932089001 3D0682G01 OUTPUT RACK ASM 0.00 0.00 0.00
75 3651486001 44B418520-001 0.00 0.00 0.00
75 3610986001 44A503668-001 0.00 0.00 0.00
75 3853487001 44D430330-001 RIBBON DRIV 0.00 0.00 0.00
75 3800088001 64007306-2001 ROLLER SHFT 0.00 0.00 0.00
75 3899688001 44D416476-G01, G02 0.00 0.00 0.00
75 3813487001 44A506413-001 0.00 0.00 0.00
75 4025489001 44C430242-G01 SIZING FIXT 0.00 0.00 0.00
75 3987788001 3C0530P01 EXIT ROLLER BRG 0.00 0.00 0.00
75 3843088001 640073362001 BULKHEAD #3 0.00 0.00 0.00
75 3784787001 DRIVE STUD FIXT. 0.00 0.00 0.00
75 4372795001 44E918062 154.41 77.21 9,547.95
75 4332894001 44D0931363 41.55 20.77 560.86
75 4339194001 44D931370 CHECKING FIXTURE 80.42 40.21 1,326.87
75 4149191001 44E416580-002 REF:40457 0.00 0.00 0.00
75 4169391001 3C0925P01 0.00 0.00 0.00
75 4313393001 44D416497-001 CARTRIDGE TOP 472.22 236.11 4,486.11
75 3612786001 44B506342-001 0.00 0.00 0.00
75 4283293001 44D931350 39.94 19.97 259.64
75 3839391002 3D0650P01 0.00 0.00 0.00
75 4041889001 PRINTHEAD GRINDING FIXTUR 0.00 0.00 0.00
75 4248593001 4B0199P01 & 4B0504P01 819.44 409.72 5,326.39
75 4025389001 44B508478-002 GUIDE RIBBN 0.00 0.00 0.00
75 4153191001 3A0267P01 0.00 0.00 0.00
75 3813987001 44B430111 0.00 0.00 0.00
75 3999989001 44D430328 GRINDING FIXTU 0.00 0.00 0.00
75 4162991001 3C0927P01 0.00 0.00 0.00
75 4004089001 44B506384-001 0.00 0.00 0.00
75 3784687001 DRIVE STUD FIXT. 0.00 0.00 0.00
75 4135291001 44A509399-001 0.00 0.00 0.00
75 4041689001 44C430244 ASSEMBLY FIXT. 0.00 0.00 0.00
75 3993289001 3C0565P01 CONTACT SPRING 0.00 0.00 0.00
75 3820388001 3D0612P01 FRONT ACCESS DR 0.00 0.00 0.00
75 3931289001 3B0338P01 FLANGE PULLEY 0.00 0.00 0.00
75 3919688001 44B508631-001 SUP.FOLLOW 0.00 0.00 0.00
75 4122391001 44C505016-001 0.00 0.00 0.00
75 3794187001 64007309 0.00 0.00 0.00
75 4068790001 3B0433P01 BEARING NIP ROL 0.00 0.00 0.00
75 3805087001 44B508518-001 PWB SUPPORT 0.00 0.00 0.00
75 3817487001 44C415374-004 0.00 0.00 0.00
75 4174692001 3D0875G01 106.06 53.03 0.00
</TABLE>
44
E-169
<PAGE> 170
Page 45 of 55
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
75 4284793001 44D931347 STRIKEBAR ALIGNMENT 2M3400 2M 15-Jun-93 1,201.63 967.98 233.65
75 4122495002 44C505002-002 MODIFY 2M3400 2M 15-Jan-95 6,180.00 1,716.67 4,463.33
75 4040289001 44B508320-001 BEARING 2M3302 2M 15-Nov-89 5,650.00 5,650.00 0.00
75 3688687001 44C506651-001/003 2M3400 2M 15-Feb-87 8,100.00 8,100.00 0.00
75 4040989001 RIBBON RUN-IN STATION 2M3400 2M 15-Jul-89 6,376.25 6,376.25 0.00
75 4144890001 44B508709-001 REF:40946 2M3400 2M 15-Jan-90 3,630.40 3,630.40 0.00
75 4160791001 44B508889-001 CUTTING DIE 2M3134 2M 15-Jul-91 540.00 540.00 0.00
75 3688587001 44C506651-002/004 2M3400 2M 15-Feb-87 8,100.00 8,100.00 0.00
75 4063989001 3B0433 MOLD 2M3302 2M 15-Nov-89 8,148.05 8,148.05 0.00
75 3928689001 44B508305-002 LEVER 2M3400 2M 15-Sep-89 15,580.00 15,580.00 0.00
75 3986088001 44E918051 RIBBON STUFFER 2M3400 2M 15-Nov-88 6,295.69 6,295.69 0.00
75 4025289001 44B508478-001 RIBBON GDE 2M3400 2M 15-Aug-89 9,862.00 9,862.00 0.00
75 3670487001 44C415265-002 2M3400 2M 15-Sep-87 5,674.35 5,674.35 0.00
75 4041089001 RIBBON RUN-IN STATION 2M3400 2M 15-Jul-89 6,376.24 6,376.24 0.00
75 3985888001 44E918052 RIBB.RUN-IN 2M3400 2M 15-Dec-88 5,728.89 5,728.89 0.00
75 3794289001 64007307-2001 2M3400 2M 15-Apr-89 3,175.67 3,175.67 0.00
75 4248293001 4D0342P01 CARTRIDGE BASE 2M3400 2M 15-Sep-93 114,698.77 82,757.19 31,941.58
75 4283493001 44D931349 2M3267 2M 15-Jun-93 1,352.70 1,089.68 263.02
75 4043689001 44A509391G01 CRIMP FIXTUR 2M3400 2M 15-Oct-89 12,728.42 12,728.42 0.00
75 4116490001 44B508426-001 REINKER 2M3400 2M 15-Oct-90 6,908.64 6,908.64 0.00
75 4138690001 3A0192P01 REF: 40921 2M3001 2M 15-Apr-90 3,950.00 3,950.00 0.00
75 4040889001 4410/70 RIBBON STUFFER 2M3400 2M 15-Jul-89 5,060.55 5,060.55 0.00
75 3853087001 44B508312-001 REINKER SUP 2M3400 2M 15-May-87 2,000.00 2,000.00 0.00
75 4041289001 44A507992G01 2M3400 2M 15-Sep-89 4,638.51 4,638.51 0.00
75 4413295001 5A2266P01 2 CAV MOLD C09 2M3400 2M 15-Apr-95 5,692.00 1,106.77 4,585.23
75 4138890001 44D430435-001/PRINT HEAD 2M3304 2M 15-Nov-90 130.11 130.11 0.00
75 3640386001 44B503813-001 2M3400 2M 15-Sep-86 7,270.56 7,270.56 0.00
75 3987488001 3B0340P01 LEVER SOLENOID 2M3108 2M 15-Apr-88 2,172.00 2,172.00 0.00
75 4094691001 44B508709-001 REF: 41448 2M3400 2M 15-Apr-91 0.01 0.01 0.00
TYPE 75 SUBTOTAL 2,275,988.73 2,079,963.34 196,025.39
GRAND TOTAL 11,848,806.60 9,971,709.45 1,877,097.15
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
75 4284793001 44D931347 STRIKEBAR ALIGNMENT 33.38 16.69 216.96
75 4122495002 44C505002-002 MODIFY 156.06 78.03 4,385.30
75 4040289001 44B508320-001 BEARING 0.00 0.00 0.00
75 3688687001 44C506651-001/003 0.00 0.00 0.00
75 4040989001 RIBBON RUN-IN STATION 0.00 0.00 0.00
75 4144890001 44B508709-001 REF:40946 0.00 0.00 0.00
75 4160791001 44B508889-001 CUTTING DIE 0.00 0.00 0.00
75 3688587001 44C506651-002/004 0.00 0.00 0.00
75 4063989001 3B0433 MOLD 0.00 0.00 0.00
75 3928689001 44B508305-002 LEVER 0.00 0.00 0.00
75 3986088001 44E918051 RIBBON STUFFER 0.00 0.00 0.00
75 4025289001 44B508478-001 RIBBON GDE 0.00 0.00 0.00
75 3670487001 44C415265-002 0.00 0.00 0.00
75 4041089001 RIBBON RUN-IN STATION 0.00 0.00 0.00
75 3985888001 44E918052 RIBB.RUN-IN 0.00 0.00 0.00
75 3794289001 64007307-2001 0.00 0.00 0.00
75 4248293001 4D0342P01 CARTRIDGE BASE 3,194.16 1,597.08 30,344.50
75 4283493001 44D931349 37.58 18.79 244.23
75 4043689001 44A509391G01 CRIMP FIXTUR 0.00 0.00 0.00
75 4116490001 44B508426-001 REINKER 0.00 0.00 0.00
75 4138690001 3A0192P01 REF: 40921 0.00 0.00 0.00
75 4040889001 4410/70 RIBBON STUFFER 0.00 0.00 0.00
75 3853087001 44B508312-001 REINKER SUP 0.00 0.00 0.00
75 4041289001 44A507992G01 0.00 0.00 0.00
75 4413295001 5A2266P01 2 CAV MOLD C09 100.62 50.31 4,534.92
75 4138890001 44D430435-001/PRINT HEAD 0.00 0.00 0.00
75 3640386001 44B503813-001 0.00 0.00 0.00
75 3987488001 3B0340P01 LEVER SOLENOID 0.00 0.00 0.00
75 4094691001 44B508709-001 REF: 41448 0.00 0.00 0.00
TYPE 75 SUBTOTAL 190,405.21
GRAND TOTAL 1,821,106.58
</TABLE>
45
E-170
<PAGE> 171
GENICOM CORPORATION
ACC TRANSFER
PPE - NBV AT 12/17/95 COMPLETE - VENDORS
<TABLE>
<CAPTION>
MO YR
ASSET ID DESCRIPTION LOC DIV STATE COUNTY CITY A/R # COST RESERVE NBV BEGIN BEGIN
TOOLS TO ADCWITH NO NBV
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3916389001 3D0638P01 2W3268 2W 15 157 0740 AT421 290,172.98 290,172.98 0.00 11 89
3D0608P02 TOP
3819988001 ENCLOSURE 2W3268 2W 44 029 2570 AT337 151,786.47 151,786.47 0.00 1 89
3663887001 44E416575-001 2W3268 2W 41 077 0280 AT188 93,913.01 93,913.01 0.00 10 87
3D0632-P02
3985489001 ACOUSTIC DOOR 2W3268 2W 41 077 0280 AT487 72,150.00 72,150.00 0.00 3 89
3D0609P01 LEFT
3820088001 END CAP 2W3268 2W 41 077 0280 AT338 59,755.00 59,755.00 0.00 1 89
3663987001 44E416577-001 2W3268 2W 41 077 0280 AA9 59,222.75 59,222.75 0.00 10 87
3D0610P01 RIGHT
3820188001 END CAP 2W3268 2W 41 077 0280 AT339 48,330.00 48,330.00 0.00 1 89
4162792001 3C0595-P01 2W3268 2W 41 077 0280 A1550 43,146.00 43,146.00 0.00 3 92
44C504424-001
3811188001 ACTUATOR FR 2W3268 2W 39 005 6065 AT333 37,303.50 37,303.50 0.00 7 88
3774687001 44E416554 2W3268 2W 41 077 0280 AT263 36,944.00 36,944.00 0.00 6 87
44D430432-001/002
4118690001 CHUTE 2W3268 2W 41 077 0280 AT702 32,996.59 32,996.59 0.00 6 90
3688887001 44D416192-001 2W3268 2W 31 039 1200 28,160.00 28,160.00 0.00 3 87
4126891001 44D430417-G01 2W3268 2W 14 031 0510 AT726 27,403.55 27,403.55 0.00 6 91
3D0845P01 REF:
4138790001 41264 2W3268 2W 47 820 0720 AT722 24,900.00 24,900.00 0.00 11 90
44C506761-001
3927689001 DRIVE WHEEL 2W3268 2W 14 031 0170 AT525 22,000.00 22,000.00 0.00 1 90
4179292001 3D0880P01 2W3268 2W 18 227 0070 AT833 21,874.86 21,874.86 0.00 11 92
3885988001 44B504359-001 2W3268 2W 22 013 1310 AT390 21,557.67 21,557.67 0.00 1 89
44C504489-002
3923589001 BOBBIN SHUT 2W3268 2W 18 227 0700 AT513 21,500.00 21,500.00 0.00 8 89
4175092001 64004431-2001 2W3268 2W 18 227 0070 AT809 20,500.00 20,500.00 0.00 11 92
4145291001 44D416359.002 2W3268 2W 47 820 0720 20,241.42 20,241.42 0.00 2 91
44C506762-001
3927789001 IDLER WHEEL 2W3268 2W 14 031 0170 AT526 19,800.00 19,800.00 0.00 1 90
44C414786-002
3934888001 CARD GUIDE 2W3268 2W 18 227 0070 AT439 19,700.00 19,700.00 0.00 11 88
3836488001 3B0300 CAPSTAN 2W3268 2W 22 013 1310 AT347 19,623.25 19,623.25 0.00 5 88
3D0639P03
4113290001 BACKPLANE 2W3268 2W 47 820 0720 AT674 19,235.52 19,235.52 0.00 11 90
44D416471-001
3903989001 WINDOW 2W3268 2W 22 013 1310 AT410 18,875.33 18,875.33 0.00 4 89
44D416354-001
3960689001 SIDE FRAME 2W3268 2W 47 820 0720 AT456 18,643.31 18,643.31 0.00 2 89
44D430360-001
3982889001 BLOWER HSE. 2W3268 2W 18 227 0070 AT482 18,637.54 18,637.54 0.00 7 89
44D430331-001
3928590001 COVER-RIB.DR 2W3268 2W 14 031 0170 AT534 18,417.00 18,417.00 0.00 8 90
3C0516P01 SPUR
3917189001 GEAR 25T 2W3268 2W 07 003 0220 AT429 18,403.00 18,403.00 0.00 3 89
3799988001 64007305-2001 2W3268 2W 18 227 0070 AT323 17,275.00 17,275.00 0.00 8 88
44D430330-001
3928490001 BASE-RIB.DR 2W3268 2W 14 031 0170 AT533 16,830.00 16,830.00 0.00 8 90
3740587001 44C430240-001 2W3268 2W 34 067 0570 AT265 16,750.00 16,750.00 0.00 1 88
4166991001 3D0861P01 2W3268 2W 18 227 0070 AT763 16,500.00 16,500.00 0.00 11 91
3604488001 44C505076 2W3268 2W 47 820 0720 AT135 16,477.64 16,477.64 0.00 7 88
64007303-2001
3799888001 ROLLER HOLD 2W3268 2W 18 227 0070 AT322 16,450.00 16,450.00 0.00 5 88
4150691001 3C0556P02 2W3268 2W 18 227 0070 16,300.00 16,300.00 0.00 4 91
3B0343P01 36T
3924990001 GEAR IDLER 2W3268 2W 07 003 0220 AT521 16,201.72 16,201.72 0.00 5 90
4150191001 3D0817P01 2W3268 2W 18 227 0070 15,999.99 15,999.99 0.00 4 91
3C0500P01 RIBBON
3923089001 COVER 2W3268 2W 18 227 0070 AT508 14,720.16 14,720.16 0.00 8 89
3D0663P01/PO2
4111790001 SUP.ACO.DR. 2W3268 2W 18 227 0070 AT664 14,500.00 14,500.00 0.00 11 90
3740687001 44C430240-002 2W3268 2W 34 067 0570 AT266 14,500.00 14,500.00 0.00 1 88
3794388001 44D430323-001 2W3268 2W 31 039 1200 AT319 14,439.75 14,439.75 0.00 3 88
3B0336P01
3843988001 PULLEY 2W3268 2W 18 227 0070 AT356 14,399.97 14,399.97 0.00 3 88
4150591001 3C0555-P02 2W3268 2W 18 227 0070 14,350.00 14,350.00 0.00 4 91
44C506763-004
3924289001 PULLEY TRAC 2W3268 2W 47 820 0720 AT516 14,329.87 14,329.87 0.00 6 89
4179492001 3D0884P01 2W3268 2W 18 227 0070 AT827 14,317.00 14,317.00 0.00 11 92
3689587001 44D430343 2W3268 2W 47 820 0720 AT261 14,220.00 14,220.00 0.00 10 87
</TABLE>
<TABLE>
<CAPTION>
LAST LAST ADJUSTED
MO YR PRODUCT 50%MO NBV @
ASSET ID DESCRIPTION DEPR DEPR LINE YTD DEPR MODEPR DEPR 12/17/95
TOOLS TO ADCWITH NO NBV
<S> <C> <C> <C> <C> <C> <C> <C> <C>
3916389001 3D0638P01 10 92 3800,3900 0.00 0.00 0.00 0.00
3D0608P02 TOP
3819988001 ENCLOSURE 12 91 3800,3900 0.00 0.00 0.00 0.00
3663887001 44E416575-001 11 90 3000 0.00 0.00 0.00 0.00
3D0632-P02
3985489001 ACOUSTIC DOOR 2 92 3800,3900 0.00 0.00 0.00 0.00
3D0609P01 LEFT
3820088001 END CAP 12 91 3800,3900 0.00 0.00 0.00 0.00
3663987001 44E416577-001 11 90 EXCESS,OBSOLETE 0.00 0.00 0.00 0.00
3D0610P01 RIGHT
3820188001 END CAP 12 91 3800,3900 0.00 0.00 0.00 0.00
4162792001 3C0595-P01 2 95 2,479.59 225.42 112.71 0.00
44C504424-001
3811188001 ACTUATOR FR 6 91 4410,4440,4500 0.00 0.00 0.00 0.00
3774687001 44E416554 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44D430432-001/002
4118690001 CHUTE 5 93 4410,4440,4500 0.00 0.00 0.00 0.00
3688887001 44D416192-001 11 90 3000 0.00 0.00 0.00 0.00
4126891001 44D430417-G01 5 94 4410,4440,4500 0.00 0.00 0.00 0.00
3D0845P01 REF:
4138790001 41264 10 93 3800 0.00 0.00 0.00 0.00
44C506761-001
3927689001 DRIVE WHEEL 12 92 MANRIBBONCART 0.00 0.00 0.00 0.00
4179292001 3D0880P01 10 95 3800 6,076.35 552.40 276.20 0.00
3885988001 44B504359-001 12 91 4410,4440,4500 0.00 0.00 0.00 0.00
44C504489-002
3923589001 BOBBIN SHUT 7 92 4410,4440,4500 0.00 0.00 0.00 0.00
4175092001 64004431-2001 10 95 3500 5,694.45 517.68 258.84 0.00
4145291001 44D416359.002 1 94 4410,4440,4500 0.00 0.00 0.00 0.00
44C506762-001
3927789001 IDLER WHEEL 12 92 MANRIBBONCART 0.00 0.00 0.00 0.00
44C414786-002
3934888001 CARD GUIDE 10 91 4410,4440,4500 0.00 0.00 0.00 0.00
3836488001 3B0300 CAPSTAN 4 91 3800,3900 0.00 0.00 0.00 0.00
3D0639P03
4113290001 BACKPLANE 10 93 3800,3900 0.00 0.00 0.00 0.00
44D416471-001
3903989001 WINDOW 3 92 3000 0.00 0.00 0.00 0.00
44D416354-001
3960689001 SIDE FRAME 1 92 4410,4440,4500 0.00 0.00 0.00 0.00
44D430360-001
3982889001 BLOWER HSE. 6 92 4410,4440,4500 0.00 0.00 0.00 0.00
44D430331-001COVE
3928590001 R-RIB.DR 7 93 MAN RIBBON CART 0.00 0.00 0.00 0.00
3C0516P01 SPUR
3917189001 GEAR 25T 2 92 3800,3900 0.00 0.00 0.00 0.00
3799988001 64007305-2001 7 91 MAN RIBBON CART 0.00 0.00 0.00 0.00
44D430330-001
3928490001 BASE-RIB.DR 7 93 MAN RIBBON CART 0.00 0.00 0.00 0.00
3740587001 44C430240-001 12 90 4470,4471,4490 0.00 0.00 0.00 0.00
4166991001 3D0861P01 10 94 3800 0.00 0.00 0.00 0.00
3604488001 44C505076 6 91 4410,4440,4500 0.00 0.00 0.00 0.00
64007303-2001
3799888001 ROLLER HOLD 4 91 MAN RIBBON CART 0.00 0.00 0.00 0.00
4150691001 3C0556P02 3 94 3800,3900 0.00 0.00 0.00 0.00
3B0343P01 36T
3924990001 GEAR IDLER 4 93 3800,3900 0.00 0.00 0.00 0.00
4150191001 3D0817P01 3 94 3800 0.00 0.00 0.00 0.00
3C0500P01 RIBBON
3923089001 COVER 7 92 MAN RIBBON CART 0.00 0.00 0.00 0.00
3D0663P01/PO2
4111790001 SUP.ACO.DR. 10 93 3800,3900 0.00 0.00 0.00 0.00
3740687001 44C430240-002 12 90 4470,4471,4490 0.00 0.00 0.00 0.00
3794388001 44D430323-001 2 91 4470,4471,4490 0.00 0.00 0.00 0.00
3B0336P01
3843988001 PULLEY 2 91 3800,3900 0.00 0.00 0.00 0.00
4150591001 3C0555-P02 3 94 3800,3900 0.00 0.00 0.00 0.00
44C506763-004
3924289001 PULLEY TRAC 5 92 4470,4471,4490 0.00 0.00 0.00 0.00
4179492001 3D0884P01 10 95 3800 3,976.95 361.54 180.77 0.00
3689587001 44D430343 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
</TABLE>
- 1 -
E-171
<PAGE> 172
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
4175192001 44A514079-001 2W3268 2W 47 820 0720 AT810 14,123.80 14,123.80 0.00 7 92
3688987001 44C506669-001 2W3268 2W 18 227 0070 AA6 13,500.00 13,500.00 0.00 3 87
44D430361-001
3840088001 FILTER HOUS 2W3268 2W 34 037 1010 AT352 13,500.00 13,500.00 0.00 5 88
44B508654-001
3999389001 SUP. SENSOR 2W3268 2W 01 031 0320 AT499 13,190.00 13,190.00 0.00 4 89
3604486001 44C505076 2W3268 2W 47 820 0720 AT135 12,939.06 12,939.06 0.00 4 86
4161892001 3B1026P01 2W3268 2W 18 227 0070 AT797 12,822.04 12,822.04 0.00 4 92
3656887001 44D416490-001 2W3268 2W 31 039 1200 AA3 12,570.89 12,570.89 0.00 6 87
44C505029-001 &
3784388001 002 2W3268 2W 31 039 1200 AT314 12,450.76 12,450.76 0.00 3 88
3689087001 44C506669-002 2W3268 2W 18 227 0070 AA7 12,100.00 12,100.00 0.00 3 87
3BO333-PO1
3916988001 SPURGEAR 2W3268 2W 07 003 0220 AT427 11,803.00 11,803.00 0.00 11 88
3B0341P01 25T
3924889001 GEAR CLUTCH 2W3268 2W 07 003 0220 AT520 11,601.96 11,601.96 0.00 9 89
4151191001 3B1007P01 2W3268 2W 18 227 0070 AT765 11,555.61 11,555.61 0.00 11 91
4151091001 3B1006P01 2W3268 2W 18 227 0070 AT766 11,314.60 11,314.60 0.00 11 91
3774887001 44C506798-001 2W3268 2W 24 035 1995 AT311 11,241.22 11,241.22 0.00 12 87
4128691001 3B0393P01 2W3268 2W 47 820 0720 AT738 11,215.00 11,215.00 0.00 1 92
44B508570-001
3800388001 ACCESS PLAT 2W3268 2W 34 119 0170 AT327 11,168.49 11,168.49 0.00 5 88
3606786001 44C505007-001 2W3268 2W 31 039 1200 AA9 11,102.47 11,102.47 0.00 5 86
3C0515P01 PAPER
4075490001 WRAP 2W3268 2W 18 227 0070 AT629 11,097.89 11,097.89 0.00 5 90
3664287002 44C506034 2W3268 2W 47 820 0720 AA1 10,728.80 10,728.80 0.00 10 87
3960789001 44D416354-001 2W3268 2W 47 820 0720 AT457 10,311.63 10,311.63 0.00 2 89
3752788001 44D416462-001 2W3268 2W 47 820 0720 AT279 10,170.00 10,170.00 0.00 5 88
4150391001 3B0355-P05 2W3268 2W 47 141 2485 10,036.51 10,036.51 0.00 4 91
4073390001 3B0411P01 2W3268 2W 18 227 0070 AT626 9,997.39 9,997.39 0.00 2 90
3B0331P01 BEARING
3916889001 TRAC.AS 2W3268 2W 18 227 0070 AT426 9,900.00 9,900.00 0.00 5 89
44C506778-001
4040189001 RIBBON GD. 2W3268 2W 18 227 0070 AT562 9,875.00 9,875.00 0.00 10 89
3607486001 44C506091 2W3268 2W 47 820 0720 AA9 9,600.00 9,600.00 0.00 5 86
4128592001 3B0474P01 2W3268 2W 18 227 0070 AT737 9,500.00 9,500.00 0.00 11 92
4162691001 3C0903P01 2W3268 2W 18 227 0070 AT750 9,402.78 9,402.78 0.00 9 91
44C506763-003
3924389001 PULLEY-TOP 2W3268 2W 47 820 0720 AT517 9,106.56 9,106.56 0.00 6 89
3C0520P01
4063890001 HOUSING HOME 2W3268 2W 18 227 0070 AT615 8,975.00 8,975.00 0.00 5 90
3C0908P01 PAPER
4104289001 SENSOR 2W3268 2W 18 227 0070 AT659 8,968.00 8,968.00 0.00 1 90
4103890001 3C0571P01 2W3268 2W 18 227 0070 AT656 8,825.64 8,825.64 0.00 6 90
4148791001 3C0928P01 2W3268 2W 18 227 0070 AT756 8,760.72 8,760.72 0.00 6 91
3612586001 44D416394-001 2W3268 2W 31 039 1200 AA7 8,750.00 8,750.00 0.00 7 86
44C506065-001
3996889001 SUP.CON.PAN 2W3268 2W 18 227 0070 AT498 8,548.56 8,548.56 0.00 5 89
3813887001 44A505394 2W3268 2W 22 013 1310 AA3 8,500.00 8,500.00 0.00 10 87
4148291001 44C510193-001 2W3268 2W 31 039 1200 8,462.75 8,462.75 0.00 3 91
4169592001 44B508713-002 2W3268 2W 47 820 0720 AT807 8,378.87 8,378.87 0.00 5 92
3752888001 44D416463-001 2W3268 2W 47 820 0720 AT280 8,320.00 8,320.00 0.00 5 88
3658086001 44B430116 2W3268 2W 47 820 0720 AA6 8,267.64 8,267.64 0.00 12 86
3B0376P04 LED
4122790001 SUPPORT 2W3268 2W 18 227 0070 AT715 8,250.00 8,250.00 0.00 10 90
3640786001 44D416179-001 2W3268 2W 31 039 1200 AA1 8,228.84 8,228.84 0.00 10 86
4052989001 3C0512P03 2W3268 2W 18 227 0070 AT604 8,200.00 8,200.00 0.00 1 90
3754887001 44B505472-001 2W3268 2W 47 820 0720 AT294 8,076.28 8,076.28 0.00 11 87
3755287001 44B505465-001 2W3268 2W 18 227 0070 AT298 7,850.00 7,850.00 0.00 11 87
3755387001 44B505465-002 2W3268 2W 47 820 0720 AT299 7,850.00 7,850.00 0.00 1 88
3963088001 64004616-2001 2W3268 2W 18 227 0070 AT464 7,850.00 7,850.00 0.00 10 88
3869788001 44B505511 IDLER 2W3268 2W 47 820 0720 AT378 7,723.61 7,723.61 0.00 6 88
4150291001 3C0588P01 2W3268 2W 18 227 0070 7,700.00 7,700.00 0.00 4 91
3612086001 44E416553 2W3268 2W 34 037 1010 AA3 7,670.00 7,670.00 0.00 6 86
4150091001 3B0425P01 2W3268 2W 18 227 0070 7,650.00 7,650.00 0.00 4 91
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
4175192001 44A514079-001 6 95 MAN RIBBON CART 2,388.10 217.10 108.55 0.00
3688987001 44C506669-001 11 90 MAN RIBBON CART 0.00 0.00 0.00 0.00
44D430361-001
3840088001 FILTER HOUS 4 91 4470,4471,4490 0.00 0.00 0.00 0.00
44B508654-001
3999389001 SUP. SENSOR 3 92 4410,4440,4500 0.00 0.00 0.00 0.00
3604486001 44C505076 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4161892001 3B1026P01 3 95 3800 1,125.20 102.29 51.15 0.00
3656887001 44D416490-001 11 90 3000 0.00 0.00 0.00 0.00
44C505029-001 &
3784388001 002 2 91 4410,4440,4500 0.00 0.00 0.00 0.00
3689087001 44C506669-002 11 90 MAN RIBBON CART 0.00 0.00 0.00 0.00
3BO333-PO1
3916988001 SPURGEAR 10 91 3800,3900 0.00 0.00 0.00 0.00
3B0341P01 25T
3924889001 GEAR CLUTCH 8 92 3800,3900 0.00 0.00 0.00 0.00
4151191001 3B1007P01 10 94 3800,3900 0.00 0.00 0.00 0.00
4151091001 3B1006P01 10 94 3800,3900 0.00 0.00 0.00 0.00
3774887001 44C506798-001 11 90 3000 0.00 0.00 0.00 0.00
4128691001 3B0393P01 12 94 3800,3900 0.00 0.00 0.00 0.00
44B508570-001
3800388001 ACCESS PLAT 4 91 4470,4471,4490 0.00 0.00 0.00 0.00
3606786001 44C505007-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3C0515P01 PAPER
4075490001 WRAP 4 93 3800,3900 0.00 0.00 0.00 0.00
3664287002 44C506034 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3960789001 44D416354-001 1 92 4410,4440,4500 0.00 0.00 0.00 0.00
3752788001 44D416462-001 4 91 4410,4440,4500 0.00 0.00 0.00 0.00
4150391001 3B0355-P05 3 94 PHEONIX 0.00 0.00 0.00 0.00
4073390001 3B0411P01 1 93 3800,3900 0.00 0.00 0.00 0.00
3B0331P01 BEARING
3916889001 TRAC.AS 4 92 3800,3900 0.00 0.00 0.00 0.00
44C506778-001
4040189001 RIBBON GD. 9 92 4470,4471,4490 0.00 0.00 0.00 0.00
3607486001 44C506091 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4128592001 3B0474P01 10 95 3800,3900 2,638.89 239.90 119.95 0.00
4162691001 3C0903P01 8 94 3800 0.00 0.00 0.00 0.00
44C506763-003
3924389001 PULLEY-TOP 5 92 4470,4471,4490 0.00 0.00 0.00 0.00
3C0520P01
4063890001 HOUSING HOME 4 93 3800,3900 0.00 0.00 0.00 0.00
3C0908P01 PAPER
4104289001 SENSOR 12 92 3800 0.00 0.00 0.00 0.00
4103890001 3C0571P01 5 93 3800,3900 0.00 0.00 0.00 0.00
4148791001 3C0928P01 5 94 3800 0.00 0.00 0.00 0.00
3612586001 44D416394-001 11 90 3000 0.00 0.00 0.00 0.00
44C506065-001
3996889001 SUP.CON.PAN 4 92 4410,4440,4500 0.00 0.00 0.00 0.00
3813887001 44A505394 11 90 3000 0.00 0.00 0.00 0.00
4148291001 44C510193-001 2 94 4410,4440,4500 0.00 0.00 0.00 0.00
4169592001 44B508713-002 4 95 4410,4440,4500 930.98 84.63 42.32 0.00
3752888001 44D416463-001 4 91 4410,4440,4500 0.00 0.00 0.00 0.00
3658086001 44B430116 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3B0376P04 LED
4122790001 SUPPORT 9 93 3800,3900 0.00 0.00 0.00 0.00
3640786001 44D416179-001 11 90 3000 0.00 0.00 0.00 0.00
4052989001 3C0512P03 12 92 3800,3900 0.00 0.00 0.00 0.00
3754887001 44B505472-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3755287001 44B505465-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3755387001 44B505465-002 12 90 4410,4440,4500 0.00 0.00 0.00 0.00
3963088001 64004616-2001 9 91 MAN RIBBON CART 0.00 0.00 0.00 0.00
3869788001 44B505511 IDLER 5 91 4410,4440,4500 0.00 0.00 0.00 0.00
4150291001 3C0588P01 3 94 3800,3900 0.00 0.00 0.00 0.00
3612086001 44E416553 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4150091001 3B0425P01 3 94 3800,3900 0.00 0.00 0.00 0.00
</TABLE>
- 2 -
E-172
<PAGE> 173
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
4199692001 44B504097-002 2W3268 2W 39 101 3000 A2712 7,650.00 7,650.00 0.00 12 92
3611186001 44D416296-001 2W3268 2W 22 013 1310 AA110 7,634.00 7,634.00 0.00 6 86
44D416296-001 -
3618587001 MODIFY 2W3268 2W 22 013 1310 AA7 7,550.00 7,550.00 0.00 3 87
3688787001 44C506641 2W3268 2W 07 005 0530 AA1 7,400.00 7,400.00 0.00 3 87
44B508263-001 PWB
4040389001 SPACER 2W3268 2W 18 227 0070 AT564 7,375.00 7,375.00 0.00 11 89
44B508324-001
4042589001 FLANGE PULL 2W3268 2W 18 227 0070 AT579 7,275.00 7,275.00 0.00 10 89
3604386001 44C506610-001 2W3268 2W 14 031 0170 AA2 7,200.00 7,200.00 0.00 4 86
3743387001 44B508317-002 2W3268 2W 14 031 2080 AT270 7,185.00 7,185.00 0.00 8 87
44B508754-002
4145191001 ROLLER TRANSFER 2W3268 2W 47 820 0720 AT689 7,169.09 7,169.09 0.00 2 91
44B504097-002
3923189001 BACK STOP 2W3268 2W 39 101 3000 AT509 7,150.00 7,150.00 0.00 9 89
44B508710-001
4144790001 REF: 40947 2W3268 2W 47 820 0720 6,985.68 6,985.68 0.00 3 91
44C505077-006
3930289001 STOPADJ SHT 2W3268 2W 47 820 0720 AT541 6,985.00 6,985.00 0.00 9 89
44B504097-002
3900988001 BACK STOP 2W3268 2W 39 101 3000 AT405 6,950.00 6,950.00 0.00 10 88
44B505465-003
4040090001 BUSHING 2W3268 2W 18 227 0070 AT561 6,950.00 6,950.00 0.00 2 90
3914388001 44D415967-001 2W3268 2W 22 013 1310 AT420 6,903.25 6,903.25 0.00 1 89
3754188001 44C505073-001 2W3268 2W 47 820 0720 AT288 6,800.00 6,800.00 0.00 5 88
3663587001 44B504097 2W3268 2W 39 101 3000 AA8 6,750.00 6,750.00 0.00 10 87
44B504097-002
3869688001 BACK STOP 2W3268 2W 47 820 0720 AT377 6,750.00 6,750.00 0.00 10 88
3754587001 44C505017-001 2W3268 2W 18 227 0070 AT291 6,750.00 6,750.00 0.00 12 87
3740087002 44D416466-003 2W3268 2W 14 031 0170 AT798 6,748.37 6,748.37 0.00 12 91
3D0632P02
4111690001 ACOUSTIC DOOR 2W3268 2W 41 077 0280 AT663 6,700.00 6,700.00 0.00 10 90
3607586001 44C505077-001 2W3268 2W 47 820 0720 AA4 6,700.00 6,700.00 0.00 5 86
44D430430-002
4123190001 MODULE SUP. 2W3268 2W 34 081 0540 AT718 6,675.00 6,675.00 0.00 11 90
3818488001 44B508485-001 2W3268 2W 47 820 0720 AT336 6,670.00 6,670.00 0.00 5 88
3744987001 44C506780-001 2W3268 2W 34 091 2421 AT271 6,600.00 6,600.00 0.00 11 87
3B0348P01 IDLER
3969789001 PULLEY 2W3268 2W 18 227 0070 AT473 6,500.00 6,500.00 0.00 4 89
3754387001 44B505595-001 2W3268 2W 47 820 0720 AT290 6,500.00 6,500.00 0.00 1 88
44B508292-004
3855287001 MAGNET PLAT 2W3268 2W 34 119 0170 6,500.00 6,500.00 0.00 6 87
4151291001 3B1008P01 2W3268 2W 18 227 0070 AT764 6,489.76 6,489.76 0.00 11 91
3835887001 44A505210-001 2W3268 2W 34 119 0170 AA3 6,346.25 6,346.25 0.00 11 87
3B0359P01 SPUR
4044289001 GEAR 2W3268 2W 07 003 0220 AT584 6,326.00 6,326.00 0.00 9 89
3626786001 44B505466-001 2W3268 2W 47 820 0720 AA7 6,300.00 6,300.00 0.00 8 86
3664187001 44B506398-001 2W3268 2W 47 141 2485 AA240 6,255.83 6,255.83 0.00 9 87
44A418303-001
3979888001 TERMINAL 2W3268 2W 47 730 0480 AT478 6,247.47 6,247.47 0.00 11 88
3612986001 44B505508-001 2W3268 2W 47 820 0720 AA5 6,200.00 6,200.00 0.00 7 86
3D0642P01 TRACTOR
4092390001 ASSM. 2W3268 2W 18 227 0070 AT676 5,900.00 5,900.00 0.00 9 90
3754287001 44C506042-001 2W3268 2W 47 820 0720 AT289 5,857.58 5,857.58 0.00 1 88
3A0125 SPINDLE
3844388001 RIBBON DRI 2W3268 2W 33 059 2450 AT359 5,800.00 5,800.00 0.00 5 88
3607386001 44B508071-001 2W3268 2W 18 227 0070 AA8 5,700.00 5,700.00 0.00 5 86
3754687001 44C505078 2W3268 2W 18 227 0070 AT292 5,700.00 5,700.00 0.00 11 87
3C0545P01 GEAR
4072990001 COVER 2W3268 2W 18 227 0070 AT625 5,650.00 5,650.00 0.00 3 90
4184992001 3D0845P01 2W3268 2W 47 820 0720 AT834 5,642.00 5,642.00 0.00 11 92
3A0150P01
4051189001 FOOT-PRINTER 2W3268 2W 18 227 0070 AT596 5,600.00 5,600.00 0.00 11 89
3896588001 44C505042-004 2W3268 2W 47 820 0720 AT399 5,600.00 5,600.00 0.00 8 88
3896288001 44C505042-001 2W3268 2W 47 820 0720 AT396 5,500.00 5,500.00 0.00 8 88
4140391001 44C510174-G03 2W3268 2W 22 027 1190 5,485.26 5,485.26 0.00 5 91
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
4199692001 44B504097-002 11 95 4410,4440,4500 2,337.50 212.50 106.25 0.00
3611186001 44D416296-001 11 90 3000 0.00 0.00 0.00 0.00
44D416296-001 -
3618587001 MODIFY 11 90 3000 0.00 0.00 0.00 0.00
3688787001 44C506641 11 90 EXCESS,OBSOLETE 0.00 0.00 0.00 0.00
44B508263-001 PWB
4040389001 SPACER 10 92 4470,4471,4490 0.00 0.00 0.00 0.00
44B508324-001
4042589001 FLANGE PULL 9 92 4470,4471,4490 0.00 0.00 0.00 0.00
3604386001 44C506610-001 11 90 3000 0.00 0.00 0.00 0.00
3743387001 44B508317-002 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
44B508754-002
4145191001 ROLLER TRANSFER 1 94 MAN RIBBON CART 0.00 0.00 0.00 0.00
44B504097-002
3923189001 BACK STOP 8 92 4410,4440,4500 0.00 0.00 0.00 0.00
44B508710-001
4144790001 REF: 40947 2 94 MAN RIBBON CART 0.00 0.00 0.00 0.00
44C505077-006
3930289001 STOPADJ SHT 8 92 4410,4440,4500 0.00 0.00 0.00 0.00
44B504097-002
3900988001 BACK STOP 9 91 4410,4440,4500 0.00 0.00 0.00 0.00
44B505465-003
4040090001 BUSHING 1 93 4470,4471,4490 0.00 0.00 0.00 0.00
3914388001 44D415967-001 12 91 2030,2120 0.00 0.00 0.00 0.00
3754188001 44C505073-001 4 91 4410,4440,4500 0.00 0.00 0.00 0.00
3663587001 44B504097 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44B504097-002
3869688001 BACK STOP 9 91 4410,4440,4500 0.00 0.00 0.00 0.00
3754587001 44C505017-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3740087002 44D416466-003 11 94 MAN RIBBON CART 0.00 0.00 0.00 0.00
3D0632P02
4111690001 ACOUSTIC DOOR 9 93 3800,3900 0.00 0.00 0.00 0.00
3607586001 44C505077-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44D430430-002
4123190001 MODULE SUP. 10 93 410,4440,4500 0.00 0.00 0.00 0.00
3818488001 44B508485-001 4 91 EXCESS,OBSOLETE 0.00 0.00 0.00 0.00
3744987001 44C506780-001 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
3B0348P01 IDLER
3969789001 PULLEY 3 92 3800,3900 0.00 0.00 0.00 0.00
3754387001 44B505595-001 12 90 4410,4440,4500 0.00 0.00 0.00 0.00
44B508292-004
3855287001 MAGNET PLAT 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
4151291001 3B1008P01 10 94 3800,3900 0.00 0.00 0.00 0.00
3835887001 44A505210-001 11 90 3000 0.00 0.00 0.00 0.00
3B0359P01 SPUR
4044289001 GEAR 8 92 3800,3900 0.00 0.00 0.00 0.00
3626786001 44B505466-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3664187001 44B506398-001 11 90 MAN RIBBON CART 0.00 0.00 0.00 0.00
44A418303-001
3979888001 TERMINAL 10 91 4410,4440,4500 0.00 0.00 0.00 0.00
3612986001 44B505508-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3D0642P01 TRACTOR
4092390001 ASSM. 8 93 3800,3900 0.00 0.00 0.00 0.00
3754287001 44C506042-001 12 90 4410,4440,4500 0.00 0.00 0.00 0.00
3A0125 SPINDLE
3844388001 RIBBON DRI 4 91 3800,3900 0.00 0.00 0.00 0.00
3607386001 44B508071-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3754687001 44C505078 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3C0545P01 GEAR
4072990001 COVER 2 93 3800,3900 0.00 0.00 0.00 0.00
4184992001 3D0845P01 10 95 3800 1,567.22 142.47 71.24 0.00
3A0150P01
4051189001 FOOT-PRINTER 10 92 3800,3900 0.00 0.00 0.00 0.00
3896588001 44C505042-004 7 91 4410,4440,4500 0.00 0.00 0.00 0.00
3896288001 44C505042-001 7 91 4410,4440,4500 0.00 0.00 0.00 0.00
4140391001 44C510174-G03 4 94 4410,4440,4500 0.00 0.00 0.00 0.00
</TABLE>
- 3 -
E-173
<PAGE> 174
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3637386001 44C506624-001 2W3268 2W 18 227 0070 AA6 5,400.00 5,400.00 0.00 9 86
3896488001 44C505042-003 2W3268 2W 47 820 0720 AT398 5,280.00 5,280.00 0.00 8 88
3890188001 44A505310-003 2W3268 2W 47 820 0720 AT393 5,250.00 5,250.00 0.00 8 88
3C0582P01 PLUNGER
4047489001 BODY 2W3268 2W 18 227 0070 AT593 5,200.00 5,200.00 0.00 11 89
3755487001 44B508043-003 2W3268 2W 47 820 0720 AT300 5,200.00 5,200.00 0.00 11 87
3896388001 44C505042-002 2W3268 2W 47 820 0720 AT397 5,200.00 5,200.00 0.00 8 88
3618786001 44D416201-001 2W3268 2W 18 227 0070 AA2 4,952.00 4,952.00 0.00 7 86
3618486001 3A0002P01 2W3268 2W 47 750 0530 AA5 4,900.00 4,900.00 0.00 7 86
3900688001 44A502326-001 2W3268 2W 36 165 0850 AA9 4,870.00 4,870.00 0.00 4 88
3753587001 44B430117-001 2W3268 2W 18 227 0070 AT287 4,850.00 4,850.00 0.00 1 88
3A0182P01 SPACER
4004189001 FONT CON 2W3268 2W 15 163 0450 AT506 4,800.00 4,800.00 0.00 3 89
4047389001 3C0581P01 PLUNGER 2W3268 2W 18 227 0070 AT592 4,800.00 4,800.00 0.00 11 89
4150991001 3A0253P01 2W3268 2W 18 227 0070 AT767 4,689.63 4,689.63 0.00 10 91
3663891002 44D416466-003 2W3268 2W 14 031 0170 AT188 4,651.43 4,651.43 0.00 1 92
44B508321-001
4042689001 SUPP. SPIND 2W3268 2W 47 820 0720 AT580 4,650.00 4,650.00 0.00 8 89
3800487001 44B505467 2W3268 2W 07 005 0530 AA220 4,500.00 4,500.00 0.00 10 87
44B508278-001
3924589001 WICK RETAIN 2W3268 2W 07 003 0040 AT519 4,500.00 4,500.00 0.00 8 89
44B508043-004
3980189001 CABLE RETAI 2W3268 2W 47 820 0720 AT481 4,412.50 4,412.50 0.00 3 89
3753087001 44C506738-001 2W3268 2W 15 163 0450 AT282 4,400.00 4,400.00 0.00 9 87
4104090001 3B0451P01 2W3268 2W 18 227 0070 AT658 4,227.53 4,227.53 0.00 3 90
3900788001 44C415020-001 2W3268 2W 36 165 0850 AA170 4,200.00 4,200.00 0.00 4 88
44D416073-001 &
3844088001 002 2W3268 2W 43 037 0620 AT357 4,200.00 4,200.00 0.00 10 88
44B505448-001
3752688001 BACK PLANE 2W3268 2W 47 820 0720 AT278 4,150.00 4,150.00 0.00 3 88
3689187001 44B504377-001 2W3268 2W 22 013 1310 AA8 4,118.40 4,118.40 0.00 3 87
3688287001 44B508048-001 2W3268 2W 18 227 0070 AA7 4,100.00 4,100.00 0.00 3 87
44D430430-002
4121590001 SLIDE LH 2W3268 2W 34 081 0540 AT706 4,100.00 4,100.00 0.00 11 90
3741087001 44C504432-002 2W3268 2W 22 013 1310 AT269 4,035.20 4,035.20 0.00 10 87
3A0140P01 FLANGE
4045389001 PULLEY 2W3268 2W 18 227 0070 AT586 4,000.00 4,000.00 0.00 11 89
3673587001 44A418352 2W3268 2W 31 015 1990 AA6 4,000.00 4,000.00 0.00 11 87
3611386001 44B506382-001 2W3268 2W 47 820 0720 AA120 4,000.00 4,000.00 0.00 6 86
3611486001 44C506617-001 2W3268 2W 47 820 0720 AA1 4,000.00 4,000.00 0.00 6 86
44D430331-001
3853587001 RIBBON DRIV 2W3268 2W 14 031 0170 4,000.00 4,000.00 0.00 7 87
3800787001 44A509039-001 2W3268 2W 47 820 0720 AT328 3,900.00 3,900.00 0.00 1 88
44B508263-001
4040489001 SPACER BRAC 2W3268 2W 18 227 0070 AT565 3,900.00 3,900.00 0.00 7 89
44C505040-001 PWB
3800688001 GUIDE 2W3268 2W 47 820 0720 AA6 3,900.00 3,900.00 0.00 3 88
3836187001 44D430308-001 2W3268 2W 50 079 0710 A7788 3,800.80 3,800.80 0.00 11 87
3753387001 44B505575 2W3268 2W 47 820 0720 AT285 3,800.00 3,800.00 0.00 11 87
3753187001 44B508075 2W3268 2W 47 820 0720 AT283 3,800.00 3,800.00 0.00 9 87
44A509199-001
3882388001 NUT 2W3268 2W 15 163 0450 AT388 3,775.00 3,775.00 0.00 7 88
3625786001 44C504432&35 2W3268 2W 22 013 1310 AA8 3,690.00 3,690.00 0.00 8 86
3611686001 44D416308-001 2W3268 2W 18 227 0070 AA2 3,600.00 3,600.00 0.00 6 86
3606886001 44C505007-002 2W3268 2W 31 039 1200 AA9 3,589.20 3,589.20 0.00 5 86
4169991001 3D0612P01 2W3268 2W 41 077 0280 AT742 3,500.00 3,500.00 0.00 1 92
3752987001 44B430119-001 2W3268 2W 47 820 0720 AT281 3,440.00 3,440.00 0.00 12 87
4145991001 3D0612P01/#38203 2W3268 2W 41 077 0280 3,300.00 3,300.00 0.00 3 91
4103990001 3A0198P01 2W3268 2W 18 227 0070 AT657 3,259.71 3,259.71 0.00 3 90
3863188001 44C505007-001&002 2W3268 2W 31 039 1200 AT373 3,164.71 3,164.71 0.00 4 88
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
3637386001 44C506624-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3896488001 44C505042-003 7 91 4410,4440,4500 0.00 0.00 0.00 0.00
3890188001 44A505310-003 7 91 4410,4440,4500 0.00 0.00 0.00 0.00
3C0582P01 PLUNGER
4047489001 BODY 10 92 3800,3900 0.00 0.00 0.00 0.00
3755487001 44B508043-003 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3896388001 44C505042-002 7 91 4410,4440,4500 0.00 0.00 0.00 0.00
3618786001 44D416201-001 11 90 3000 0.00 0.00 0.00 0.00
3618486001 3A0002P01 11 90 3800,3900 0.00 0.00 0.00 0.00
3900688001 44A502326-001 3 91 OUTOFPROD SPARE 0.00 0.00 0.00 0.00
3753587001 44B430117-001 12 90 4410,4440,4500 0.00 0.00 0.00 0.00
3A0182P01 SPACER
4004189001 FONT CON 2 92 3800,3900 0.00 0.00 0.00 0.00
4047389001 3C0581P01 PLUNGER 10 92 3800,3900 0.00 0.00 0.00 0.00
4150991001 3A0253P01 9 94 3800 0.00 0.00 0.00 0.00
3663891002 44D416466-003 12 94 MAN RIBBON CART 0.00 0.00 0.00 0.00
44B508321-001
4042689001 SUPP. SPIND 7 92 4410,4440,4500 0.00 0.00 0.00 0.00
3800487001 44B505467 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44B508278-001
3924589001 WICK RETAIN 7 92 4470,4471,4490 0.00 0.00 0.00 0.00
44B508043-004
3980189001 CABLE RETAI 2 92 4410,4440,4500 0.00 0.00 0.00 0.00
3753087001 44C506738-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4104090001 3B0451P01 2 93 3800,3900 0.00 0.00 0.00 0.00
3900788001 44C415020-001 3 91 OUTOFPROD SPARE 0.00 0.00 0.00 0.00
44D416073-001 &
3844088001 002 9 91 2030,2120 0.00 0.00 0.00 0.00
44B505448-001
3752688001 BACK PLANE 2 91 4410,4440,4500 0.00 0.00 0.00 0.00
3689187001 44B504377-001 11 90 3000 0.00 0.00 0.00 0.00
3688287001 44B508048-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44D430430-002
4121590001 SLIDE LH 10 93 4410,4440,4500 0.00 0.00 0.00 0.00
3741087001 44C504432-002 11 90 3000 0.00 0.00 0.00 0.00
3A0140P01 FLANGE
4045389001 PULLEY 10 92 3800,3900 0.00 0.00 0.00 0.00
3673587001 44A418352 11 90 OUTOFPROD SPARE 0.00 0.00 0.00 0.00
3611386001 44B506382-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3611486001 44C506617-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44D430331-001
3853587001 RIBBON DRIV 11 90 MAN RIBBON CART 0.00 0.00 0.00 0.00
3800787001 44A509039-001 12 90 4470,4471,4490 0.00 0.00 0.00 0.00
44B508263-001
4040489001 SPACER BRAC 6 92 4470,4471,4490 0.00 0.00 0.00 0.00
44C505040-001 PWB
3800688001 GUIDE 2 91 4410,4440,4500 0.00 0.00 0.00 0.00
3836187001 44D430308-001 11 90 3000 0.00 0.00 0.00 0.00
3753387001 44B505575 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3753187001 44B508075 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44A509199-001
3882388001 NUT 6 91 3000 0.00 0.00 0.00 0.00
3625786001 44C504432&35 11 90 3000 0.00 0.00 0.00 0.00
3611686001 44D416308-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3606886001 44C505007-002 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4169991001 3D0612P01 12 94 3800,3900 0.00 0.00 0.00 0.00
3752987001 44B430119-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4145991001 3D0612P01/#38203 2 94 3800,3900 0.00 0.00 0.00 0.00
4103990001 3A0198P01 2 93 3800,3900 0.00 0.00 0.00 0.00
3863188001 44C505007-001&002 3 91 4410,4440,4500 0.00 0.00 0.00 0.00
</TABLE>
- 4 -
E-174
<PAGE> 175
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
44C506761-001
3853287001 CART DRIVE 2W3268 2W 14 031 0170 3,125.00 3,125.00 0.00 6 87
44C506762-001
3853387001 CART IDLER 2W3268 2W 44 215 2270 3,125.00 3,125.00 0.00 6 87
4144690001 44C504411-005 2W3268 2W 47 065 2169 3,123.86 3,123.86 0.00 3 91
3658987001 44D430339 2W3268 2W 03 013 0210 AA6 3,110.30 3,110.30 0.00 4 87
3982989001 44A507765-001 2W3268 2W 34 119 0170 AT483 3,100.00 3,100.00 0.00 8 89
3613386001 44A509004-001 2W3268 2W 47 820 0720 AA4 3,050.00 3,050.00 0.00 7 86
44B419191-001/002
3943389001 CARD EJ 2W3268 2W 14 043 0900 AT441 3,020.00 3,020.00 0.00 3 89
3611586001 44A500993-002 2W3268 2W 47 820 0720 AA2 3,000.00 3,000.00 0.00 6 86
64007261-2001
3962888001 GROUND CLIP 2W3268 2W 30 015 0530 AT462 3,000.00 3,000.00 0.00 11 88
3D0609P01
4145691001 REF:38200 2W3268 2W 41 077 0280 2,900.00 2,900.00 0.00 3 91
4145791001 3D0610P01/#38201 2W3268 2W 41 077 0280 2,900.00 2,900.00 0.00 3 91
3836688001 3D0623P02 2W3268 2W 18 227 0070 AA8 2,860.00 2,860.00 0.00 8 88
3753487001 44A505322-001 2W3268 2W 47 820 0720 AT286 2,700.00 2,700.00 0.00 9 87
3658887001 44D416281-010 2W3268 2W 03 013 0210 AA5 2,641.30 2,641.30 0.00 3 87
44E416553 -
3612087001 MODIFY 2W3268 2W 34 037 1010 AA3 2,640.00 2,640.00 0.00 3 87
4142690001 3B0463 P01 MOLD 2W3268 2W 18 227 0070 2,606.60 2,606.60 0.00 3 91
4137390001 3A0227P01 GROMMET 2W3268 2W 15 097 0670 AT740 2,601.93 2,601.93 0.00 11 90
4199592001 44B503842-1 2W3268 2W 07 003 0860 A2711 2,600.00 2,600.00 0.00 12 92
44C506778-001
3854687001 RT.RIB.GUID 2W3268 2W 18 227 0070 2,500.00 2,500.00 0.00 11 87
3740889001 44C505041-001 2W3268 2W 47 820 0720 AT268 2,460.00 2,460.00 0.00 7 89
4146091001 3D0632P02/#39854 2W3268 2W 41 077 0280 2,377.50 2,377.50 0.00 3 91
3A0242P01 RIBBON
4128490001 SLIDE 2W3268 2W 07 003 0040 AT736 2,300.00 2,300.00 0.00 11 90
4135090001 64007492-2001 2W3268 2W 39 101 3000 AT690 2,292.90 2,292.90 0.00 11 90
4113092001 44D430436-001 2W3268 2W 47 141 2485 AT672 2,200.00 2,200.00 0.00 11 92
3618586001 44D416296-001 2W3268 2W 22 013 1310 AA7 2,125.00 2,125.00 0.00 7 86
3836287001 44C506027-001 2W3268 2W 50 079 0710 A7788 2,105.01 2,105.01 0.00 11 87
4145891001 3D0611P01/#38202 2W3268 2W 41 077 0280 2,100.00 2,100.00 0.00 3 91
44D416394-001 &
3670386001 003 2W3268 2W 31 039 1200 AA230 2,100.00 2,100.00 0.00 1 87
4169691001 3B0358P01 2W3268 2W 15 019 0260 AT675 2,001.32 2,001.32 0.00 1 92
44B508263-001 PWB
3853887001 SPACER 2W3268 2W 18 227 0070 2,000.00 2,000.00 0.00 10 87
44B508263-002 PWB
3853987001 SPACER 2W3268 2W 18 227 0070 2,000.00 2,000.00 0.00 10 87
44B508321-001
3854187001 SPINDLE SUP 2W3268 2W 47 820 0720 2,000.00 2,000.00 0.00 8 87
3C0570P03 DRILL
4118290001 FIXTURE 2W3268 2W 15 019 0260 AT698 1,961.55 1,961.55 0.00 10 90
4151591001 44D430436-001 2W3268 2W 47 141 2485 1,949.16 1,949.16 0.00 5 91
4155791001 3D0845P01 2W3268 2W 47 820 0720 AT777 1,935.00 1,935.00 0.00 9 91
3C0908P01 REF:
4149591001 41042 2W3268 2W 18 227 0070 1,900.00 1,900.00 0.00 4 91
64000115-2001
4122690001 STRAIN REL. 2W3268 2W 25 149 0640 AT714 1,726.93 1,726.93 0.00 10 90
3A0131P05 BEARING
4099090001 CARRIAG 2W3268 2W 39 047 3660 AT654 1,700.00 1,700.00 0.00 5 90
4160691001 44D430432-001 2W3268 2W 41 077 0280 AT762 1,349.02 1,349.02 0.00 8 91
3611492002 44C506617-001 #2 2W3268 2W 34 001 2016 AT121 1,150.00 1,150.00 0.00 6 92
3A0192P01 REF:
4092191001 41386 2W3268 2W 18 227 0070 0.01 0.01 0.00 4 91
3D0845P01 REF:
4126491001 41387 2W3268 2W 47 820 0720 0.01 0.01 0.00 5 91
44B508710-001
4094791001 REF: 41447 2W3268 2W 47 820 0720 0.01 0.01 0.00 5 91
TOTAL 2,691,484.28 2,691,484.28 0.00
TOOLS TO ADC WITH
NBV
4C0424G01 BASE
4366795001 ASSEMBLY REV5 2W3268 2W 39 079 1890 AT010 68,228.00 5,685.66 62,542.34 9 95
4361695001 4D0405G01 2W3268 2W 31 039 1560 AT989 45,421.69 6,308.57 39,113.12 7 95
4D0395G01
4366895001 PEDESTAL ASSEMBLY 2W3268 2W 39 079 1890 AT011 41,252.00 3,437.67 37,814.33 9 95
4409995001 4C0751P02 2W3268 2W 18 227 0070 AT038 28,500.00 791.67 27,708.33 11 95
4D0343P02
4248393001 CARTRIDGE TOP 2W3268 2W 14 031 0170 AT866 93,156.34 64,585.86 28,570.48 11 93
4D0322P01 RIBBON
4250093001 DECK 2W3268 2W 14 031 0170 AT893 88,542.79 60,466.62 28,076.17 10 93
4409795001 4B0131P01 2W3268 2W 10 101 3632 AT036 27,570.00 765.83 26,804.17 11 95
4372095001 4D0345P02 2W3268 2W 31 039 1560 AT025 32,094.80 6,240.65 25,854.15 5 95
4361995001 4D0663G01 2W3268 2W 31 039 1560 AT992 22,925.00 636.81 22,288.19 11 95
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
44C506761-001
3853287001 CART DRIVE 11 90 MAN RIBBON CART 0.00 0.00 0.00 0.00
44C506762-001
3853387001 CART IDLER 11 90 MAN RIBBON CART 0.00 0.00 0.00 0.00
4144690001 44C504411-005 2 94 PEDESTALS 0.00 0.00 0.00 0.00
3658987001 44D430339 11 90 3000 0.00 0.00 0.00 0.00
3982989001 44A507765-001 7 92 4410,4440,4500 0.00 0.00 0.00 0.00
3613386001 44A509004-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
44B419191-001/002
3943389001 CARD EJ 2 92 4410,4440,4500 0.00 0.00 0.00 0.00
3611586001 44A500993-002 11 90 4410,4440 0.00 0.00 0.00 0.00
64007261-2001
3962888001 GROUND CLIP 10 91 3000 CHAMPION 0.00 0.00 0.00 0.00
3D0609P01
4145691001 REF:38200 2 94 3800,3900 0.00 0.00 0.00 0.00
4145791001 3D0610P01/#38201 2 94 3800,3900 0.00 0.00 0.00 0.00
3836688001 3D0623P02 7 91 0.00 0.00 0.00 0.00
3753487001 44A505322-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3658887001 44D416281-010 11 90 3000 0.00 0.00 0.00 0.00
44E416553 -
3612087001 MODIFY 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4142690001 3B0463 P01 MOLD 2 94 3800,3900 0.00 0.00 0.00 0.00
4137390001 3A0227P01 GROMMET 10 93 3800 0.00 0.00 0.00 0.00
4199592001 44B503842-1 11 95 2030,2120 794.44 72.22 36.11 0.00
44C506778-001
3854687001 RT.RIB.GUID 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
3740889001 44C505041-001 6 92 3000 0.00 0.00 0.00 0.00
4146091001 3D0632P02/#39854 2 94 3800,3900 0.00 0.00 0.00 0.00
3A0242P01 RIBBON
4128490001 SLIDE 10 93 MAN RIBBON CART 0.00 0.00 0.00 0.00
4135090001 64007492-2001 10 93 3800 0.00 0.00 0.00 0.00
4113092001 44D430436-001 10 95 4470,4471,4490 611.11 55.56 27.78 0.00
3618586001 44D416296-001 11 90 3000 0.00 0.00 0.00 0.00
3836287001 44C506027-001 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
4145891001 3D0611P01/#38202 2 94 3800,3900 0.00 0.00 0.00 0.00
44D416394-001 &
3670386001 003 11 90 3000 0.00 0.00 0.00 0.00
4169691001 3B0358P01 12 94 3800,3900 0.00 0.00 0.00 0.00
44B508263-001 PWB
3853887001 SPACER 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
44B508263-002 PWB
3853987001 SPACER 11 90 4470,4471,4490 0.00 0.00 0.00 0.00
44B508321-001
3854187001 SPINDLE SUP 11 90 4410,4440,4500 0.00 0.00 0.00 0.00
3C0570P03 DRILL
4118290001 FIXTURE 9 93 3800,3900 0.00 0.00 0.00 0.00
4151591001 44D430436-001 4 94 4470,4471,4490 0.00 0.00 0.00 0.00
4155791001 3D0845P01 8 94 3800 0.00 0.00 0.00 0.00
3C0908P01 REF:
4149591001 41042 3 94 3800 0.00 0.00 0.00 0.00
64000115-2001
4122690001 STRAIN REL. 9 93 3500 0.00 0.00 0.00 0.00
3A0131P05 BEARING
4099090001 CARRIAG 4 93 3800,3900 0.00 0.00 0.00 0.00
4160691001 44D430432-001 7 94 4410,4440,4500 0.00 0.00 0.00 0.00
3611492002 44C506617-001 #2 5 95 4410,4440,4500 159.72 14.52 7.26 0.00
3A0192P01 REF:
4092191001 41386 12 93 3800,3900 0.00 0.00 0.00 0.00
3D0845P01 REF:
4126491001 41387 12 93 3800 0.00 0.00 0.00 0.00
44B508710-001
4094791001 REF: 41447 12 93 MAN RIBBON CART 0.00 0.00 0.00 0.00
TOTAL 0.00
4C0424G01 BASE
4366795001 ASSEMBLY REV5 11 95 4800 AFTON 5,685.66 516.88 258.44 62,283.90
4361695001 4D0405G01 11 95 4800 AFTON 6,308.57 573.51 286.75 38,826.37
4D0395G01
4366895001 PEDESTAL ASSEMBLY 11 95 4800 AFTON 3,437.67 312.52 156.26 37,658.07
4409995001 4C0751P02 11 95 4800 AFTON 791.67 71.97 35.99 27,672.35
4D0343P02
4248393001 CARTRIDGE TOP 11 95 MAN RIBBON CART 28,570.49 2,597.32 1,298.66 27,271.82
4D0322P01 RIBBON
4250093001 DECK 11 95 4800 AFTON 27,823.79 2,529.44 1,264.72 26,811.45
4409795001 4B0131P01 11 95 4800 AFTON 765.83 69.62 34.81 26,769.36
4372095001 4D0345P02 11 95 4800 AFTON 6,240.65 567.33 283.67 25,570.48
4361995001 4D0663G01 11 95 4800 AFTON 636.81 57.89 28.95 22,259.24
</TABLE>
- 5 -
E-175
<PAGE> 176
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
44D430430-002
4243594001 MODULE SUPPORT 2W3268 2W 34 081 0540 AT849 45,430.00 23,976.95 21,453.05 5 94
4C0297P01 &
4248793001 4C0601P01 2W3268 2W 07 005 0530 AT870 57,250.00 36,576.39 20,673.61 1 94
4D0348P01 TOP
4250193001 ENCLOSURE 2W3268 2W 05 059 1870 AT894 69,660.39 50,038.18 19,622.21 10 93
3D0884-P02 REV 6
4406795001 MOTOR MOUNT 2W3268 2W 18 227 0070 AT987 25,899.99 7,194.44 18,705.55 2 95
4D0349P01 FRONT
4250293001 ENCLOSURE 2W3268 2W 05 059 1870 AT895 60,501.63 43,042.59 17,459.04 10 93
44B508951-001
4434595001 REINK COVER 2W3268 2W 44 215 2270 AT029 17,000.00 944.44 16,055.56 10 95
4249993001 4D0352P01 MUFFLER 2W3268 2W 18 227 0070 AT892 61,064.12 45,798.09 15,266.03 9 93
44B508292-004 REV
4367495001 8 2W3268 2W 34 119 0170 AT013 14,637.50 813.20 13,824.30 10 95
4366995001 4D0737G01 2W3268 2W 31 039 1560 AT012 18,600.00 4,650.00 13,950.00 3 95
4D0354P02 SUPPORT
4250693001 CTL PANEL 2W3268 2W 18 227 0070 AT899 40,375.00 27,083.24 13,291.76 10 93
4C0275P01 FRAME
4252394001 DR HOUSING 2W3268 2W 07 005 0530 AT916 31,025.00 18,097.92 12,927.08 3 94
4D0353P01 LATCH
4250793001 DOOR 2W3268 2W 14 031 0170 AT900 35,000.00 22,361.11 12,638.89 1 94
4362195001 4D0439G01 2W3268 2W 31 039 1560 AT994 16,975.00 4,715.28 12,259.72 2 95
44C510154-001 &
4257193001 002 2W3268 2W 07 005 0530 AT924 34,000.00 21,722.22 12,277.78 1 94
4362295001 4D0340P02 REV 4 2W3268 2W 31 039 1560 AT995 13,225.00 2,204.16 11,020.84 6 95
4B0184P01 CRANK
4251493001 HANDLE 2W3268 2W 07 005 0530 AT907 34,925.33 24,253.71 10,671.62 11 93
4D0351P01 &
4250493001 4D0351P02 2W3268 2W 05 059 1870 AT897 53,821.12 43,355.90 10,465.22 7 93
4C0461G02,
4319894001 216P02, 4D0304P02 2W3268 2W 18 227 0070 AT960 17,955.26 8,326.50 9,628.76 6 94
4434795001 4D1217P01 2W3268 2W 10 101 3632 AT044 9,555.00 530.83 9,024.17 10 95
4470/90 BODY RH &
4317993001 LH 2W3268 2W 07 005 0530 AT926 25,566.23 16,333.98 9,232.25 1 94
4C0264P01 IDLER
4251994001 LEVER 2W3268 2W 07 005 0530 AT912 19,261.88 10,165.99 9,095.89 5 94
3B1042P02 WORM
4244193001 GEAR 2W3268 2W 18 227 0070 AT850 28,111.00 19,521.52 8,589.48 11 93
3D0880P04
4245093001 CAM/GEAR 2W3268 2W 18 227 0070 AT851 27,561.00 19,139.58 8,421.42 11 93
1C0231P01 MOBIUS
4311394001 INSERT 2W3268 2W 10 101 3632 AT948 16,810.28 8,872.09 7,938.19 5 94
4D0643P01 CAVITY
4249393001 S-7 2W3268 2W 07 005 0530 AT876 16,100.00 8,822.22 7,277.78 1 94
4D0363P01 TOP
4250593001 PAPER EXIT 2W3268 2W 05 059 1870 AT898 26,425.69 19,060.73 7,364.96 10 93
4B0533P01 PULLEY
4321095001 IDLER 2W3268 2W 18 227 0070 AT963 9,680.00 2,688.89 6,991.11 2 95
4C0542P01 GUARD
4321294001 ELEC CABLE 2W3268 2W 18 227 0070 AT965 13,750.00 6,875.00 6,875.00 6 94
3D0881P01 HUB SS
4240593001 DR ROLLER 2W3268 2W 18 227 0070 AT848 22,500.00 15,625.00 6,875.00 11 93
3C0966P02 PAPER
4273993001 GUIDE TRACTOR 2W3268 2W 07 005 0530 AT935 18,518.98 11,831.57 6,687.41 1 94
3A0267P01 MOTOR
4302894001 MOUNT 2W3268 2W 18 227 0070 AT945 14,909.75 8,283.20 6,626.55 4 94
4B0599P01 BEARING
4326194001 TRACT SHAFT 2W3268 2W 18 227 0070 AT970 12,815.00 6,407.50 6,407.50 6 94
3C0974P02 BLOCK
4322594001 BEARING 2W3268 2W 10 101 3632 AT966 10,881.70 4,534.05 6,347.65 9 94
4C0265P01 GEAR
4252093001 DRIVE 2W3268 2W 07 005 0530 AT913 27,900.00 21,366.67 6,533.33 8 93
4362095001 4D0361P01 2W3268 2W 31 039 1560 AT993 7,580.00 1,473.89 6,106.11 5 95
4B0799P01 ROLLER
4309194001 TRANSFER 2W3268 2W 47 820 0720 AT947 12,355.00 6,334.26 6,020.74 4 94
4C0273P01 SLIDE
4252293001 BASE 2W3268 2W 07 005 0530 AT915 19,950.00 14,408.34 5,541.66 10 93
4B0511P01 BUSHING
4326094001 ECCENTRIC 2W3268 2W 18 227 0070 AT969 9,130.00 3,804.16 5,325.84 9 94
4D0386P01
4248893001 EXTENSION TRACTOR 2W3268 2W 07 005 0530 AT871 14,700.00 9,391.67 5,308.33 1 94
4361795001 4A0010G01 2W3268 2W 31 039 1560 AT990 5,892.47 818.40 5,074.07 7 95
4D0350P01 FRONT
4250393001 DOOR 2W3268 2W 05 059 1870 AT896 27,476.24 22,112.68 5,363.56 7 93
4B0130P01 SPACER
4321194001 SUPPORT SHAFT 2W3268 2W 18 227 0070 AT964 9,680.00 4,571.11 5,108.89 6 94
4366295001 44D931383 2W3268 2W 39 039 2310 AT008 6,820.80 1,894.67 4,926.13 2 95
4361895001 4B0148P01 2W3268 2W 31 039 1560 AT991 5,968.50 1,326.33 4,642.17 4 95
4325994001 4B0192P01 YOKE 2W3268 2W 18 227 0070 AT968 8,415.00 3,740.00 4,675.00 8 94
4C0061P01 62 P01
4250993001 & 91 P01 2W3268 2W 18 227 0070 AT902 25,075.00 20,199.31 4,875.69 7 93
4362795001 4B0455G01 2W3268 2W 31 039 1560 AT001 6,075.00 1,518.75 4,556.25 3 95
4B0187 SPOOL
4248493001 SLACK 2W3268 2W 14 031 0170 AT867 23,200.00 18,688.89 4,511.11 7 93
4470/90 LEVER &
4318093001 MASTER MOLD 2W3268 2W 07 005 0530 AT926 11,500.00 7,347.22 4,152.78 1 94
4362595001 4C0237P01 2W3268 2W 31 039 1560 AT998 5,167.37 1,148.31 4,019.06 4 95
4362495001 4C0250P01 2W3268 2W 31 039 1560 AT997 5,250.00 1,312.50 3,937.50 3 95
3D0889P02
4312194001 PLATE-THROAT 2W3268 2W 31 039 1200 AT955 8,918.28 4,954.60 3,963.68 4 94
4362395001 4C0662G01 2W3268 2W 31 039 1560 AT996 5,112.58 1,278.15 3,834.43 3 95
4415995001 44C506602-003 2W3268 2W 31 039 1560 AT041 4,635.25 901.30 3,733.95 5 95
4372195001 44D931326 2W3268 2W 47 015 1952 AT026 4,536.10 867.82 3,668.28 5 95
1B0184P01 EXT
4311493001 RIBBON GUIDE 2W3268 2W 10 101 3632 AT949 10,340.75 6,606.59 3,734.16 1 94
44A504282-001
4320694001 BOBBIN 2W3268 2W 24 053 0490 AT962 7,697.75 4,062.70 3,635.05 5 94
64007382-2001
4318194001 INPUT GUIDE 2W3268 2W 30 011 0843 AT958 7,250.00 3,625.00 3,625.00 6 94
3A1116-P01 REV 0
4406895001 CLAMP 2W3268 2W 18 227 0070 AT987 4,890.00 1,358.33 3,531.67 2 95
4B0106P01 PLATE
4251093001 SHUTTLE END 2W3268 2W 10 011 0450 AT903 9,700.00 6,197.22 3,502.78 1 94
4B0111P01 PLATE
4251193001 CLAMP END 2W3268 2W 10 011 0450 AT904 9,700.00 6,197.22 3,502.78 1 94
4B0112P01 PT SPR
4266093001 SHUTTLE END 2W3268 2W 10 011 0450 AT934 9,500.00 6,069.45 3,430.55 1 94
4D0051G01 PAPER
4249493001 EXIT WIRE 2W3268 2W 07 011 0280 AT877 9,061.65 5,789.38 3,272.27 1 94
44D416466-003
3740093001 REPAIR 2W3268 2W 14 031 0170 A2821 31,800.00 28,266.67 3,533.33 4 93
4362895001 4B0177P01 2W3268 2W 31 039 1560 AT002 3,950.00 987.50 2,962.50 3 95
4C0294P01 CAM
4259993001 STRIKER BAR 2W3268 2W 05 037 1900 AT927 9,450.00 6,562.50 2,887.50 11 93
4338094001 TRACTOR PULLEY 2W3268 2W 07 005 0530 AT983 4,500.00 1,750.00 2,750.00 10 94
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
44D430430-002
4243594001 MODULE SUPPORT 11 95 4410,4440,4500 13,881.39 1,261.94 630.97 20,822.08
4C0297P01 &
4248793001 4C0601P01 11 95 4800 AFTON 17,493.06 1,590.28 795.14 19,878.47
4D0348P01 TOP
4250193001 ENCLOSURE 11 95 4800 AFTON 21,584.42 1,962.22 981.11 18,641.10
3D0884-P02 REV 6
4406795001 MOTOR MOUNT 11 95 3800,3900 7,194.44 654.04 327.02 18,378.53
4D0349P01 FRONT
4250293001 ENCLOSURE 11 95 4800 AFTON 19,097.19 1,736.11 868.05 16,590.99
44B508951-001
4434595001 REINK COVER 11 95 4410,4440,4500 944.44 85.86 42.93 16,012.63
4249993001 4D0352P01 MUFFLER 11 95 4800 AFTON 18,658.48 1,696.23 848.11 14,417.92
44B508292-004 REV
4367495001 8 11 95 4470,4471,4490 813.20 73.93 36.96 13,787.34
4366995001 4D0737G01 11 95 4800 AFTON 4,650.00 422.73 211.36 13,738.64
4D0354P02 SUPPORT
4250693001 CTL PANEL 11 95 4800 AFTON 13,570.93 1,233.72 616.86 12,674.90
4C0275P01 FRAME
4252394001 DR HOUSING 11 95 4800 AFTON 9,479.86 861.81 430.90 12,496.18
4D0353P01 LATCH
4250793001 DOOR 11 95 4800 AFTON 10,694.44 972.22 486.11 12,152.78
4362195001 4D0439G01 11 95 4800 AFTON 4,715.28 428.66 214.33 12,045.39
44C510154-001 &
4257193001 002 11 95 4470,4471,4490 10,388.89 944.44 472.22 11,805.56
4362295001 4D0340P02 REV 4 11 95 4800 AFTON 2,204.16 200.38 100.19 10,920.65
4B0184P01 CRANK
4251493001 HANDLE 11 95 4800 AFTON 10,671.63 970.15 485.07 10,186.55
4D0351P01 &
4250493001 4D0351P02 11 95 4800 AFTON 16,445.34 1,495.03 747.52 9,717.70
4C0461G02,
4319894001 216P02, 4D0304P02 11 95 4800 AFTON 5,502.77 500.25 250.13 9,378.63
4434795001 4D1217P01 11 95 4800 AFTON 530.83 48.26 24.13 9,000.04
4470/90 BODY RH &
4317993001 LH 11 95 4470,4490 7,811.90 710.17 355.09 8,877.16
4C0264P01 IDLER
4251994001 LEVER 11 95 4800 AFTON 5,885.57 535.05 267.53 8,828.36
3B1042P02 WORM
4244193001 GEAR 11 95 3800 8,589.47 780.86 390.43 8,199.05
3D0880P04
4245093001 CAM/GEAR 11 95 3800,3900 8,421.41 765.58 382.79 8,038.63
1C0231P01 MOBIUS
4311394001 INSERT 11 95 MAN RIBBON CART 5,136.47 466.95 233.48 7,704.71
4D0643P01 CAVITY
4249393001 S-7 11 95 4800 AFTON 6,038.89 548.99 274.50 7,003.29
4D0363P01 TOP
4250593001 PAPER EXIT 11 95 4800 AFTON 8,101.45 736.50 368.25 6,996.71
4B0533P01 PULLEY
4321095001 IDLER 11 95 4800 AFTON 2,688.89 244.44 122.22 6,868.89
4C0542P01 GUARD
4321294001 ELEC CABLE 11 95 4800 AFTON 4,201.39 381.94 190.97 6,684.03
3D0881P01 HUB SS
4240593001 DR ROLLER 11 95 3800 6,875.00 625.00 312.50 6,562.50
3C0966P02 PAPER
4273993001 GUIDE TRACTOR 11 95 3800 5,658.58 514.42 257.21 6,430.20
3A0267P01 MOTOR
4302894001 MOUNT 11 95 3800 4,555.76 414.16 207.08 6,419.47
4B0599P01 BEARING
4326194001 TRACT SHAFT 11 95 4800 AFTON 3,915.69 355.97 177.99 6,229.51
3C0974P02 BLOCK
4322594001 BEARING 11 95 3800,3900 3,324.97 302.27 151.14 6,196.52
4C0265P01 GEAR
4252093001 DRIVE 11 95 4800 AFTON 8,983.34 816.67 408.33 6,125.00
4362095001 4D0361P01 11 95 4800 AFTON 1,473.89 133.99 67.00 6,039.12
4B0799P01 ROLLER
4309194001 TRANSFER 11 95 4800 AFTON 4,070.51 370.05 185.02 5,835.72
4C0273P01 SLIDE
4252293001 BASE 11 95 4800 AFTON 6,095.84 554.17 277.08 5,264.58
4B0511P01 BUSHING
4326094001 ECCENTRIC 11 95 4800 AFTON 2,789.72 253.61 126.81 5,199.03
4D0386P01
4248893001 EXTENSION TRACTOR 11 95 4800 AFTON 4,491.67 408.33 204.17 5,104.16
4361795001 4A0010G01 11 95 4800 AFTON 818.40 74.40 37.20 5,036.87
4D0350P01 FRONT
4250393001 DOOR 11 95 4800 AFTON 8,428.44 766.22 383.11 4,980.45
4B0130P01 SPACER
4321194001 SUPPORT SHAFT 11 95 4800 AFTON 2,957.78 268.89 134.44 4,974.45
4366295001 44D931383 11 95 4800 1,894.67 172.24 86.12 4,840.01
4361895001 4B0148P01 11 95 4800 AFTON 1,326.33 120.58 60.29 4,581.88
4325994001 4B0192P01 YOKE 11 95 4800 AFTON 2,571.25 233.75 116.88 4,558.13
4C0061P01 62 P01
4250993001 & 91 P01 11 95 4800 AFTON 7,661.81 696.53 348.26 4,527.43
4362795001 4B0455G01 11 95 4800 AFTON 1,518.75 138.07 69.03 4,487.22
4B0187 SPOOL
4248493001 SLACK 11 95 MAN RIBBON CART 7,088.89 644.44 322.22 4,188.89
4470/90 LEVER &
4318093001 MASTER MOLD 11 95 4470,4490 3,513.89 319.44 159.72 3,993.06
4362595001 4C0237P01 11 95 4800 AFTON 1,148.31 104.39 52.20 3,966.86
4362495001 4C0250P01 11 95 4800 AFTON 1,312.50 119.32 59.66 3,877.84
3D0889P02
4312194001 PLATE-THROAT 11 95 3800,3900 2,725.03 247.73 123.87 3,839.82
4362395001 4C0662G01 11 95 4800 AFTON 1,278.15 116.20 58.10 3,776.33
4415995001 44C506602-003 11 95 4410,4440,4500 901.30 81.94 40.97 3,692.98
4372195001 44D931326 11 95 AFTON 867.82 78.89 39.45 3,628.83
1B0184P01 EXT
4311493001 RIBBON GUIDE 11 95 MAN RIBBON CART 3,159.67 287.24 143.62 3,590.54
44A504282-001
4320694001 BOBBIN 11 95 3000 2,352.09 213.83 106.91 3,528.14
64007382-2001
4318194001 INPUT GUIDE 11 95 3800 2,215.28 201.39 100.69 3,524.31
3A1116-P01 REV 0
4406895001 CLAMP 11 95 3800,3900 1,358.33 123.48 61.74 3,469.93
4B0106P01 PLATE
4251093001 SHUTTLE END 11 95 4800 AFTON 2,963.89 269.44 134.72 3,368.06
4B0111P01 PLATE
4251193001 CLAMP END 11 95 4800 AFTON 2,963.89 269.44 134.72 3,368.06
4B0112P01 PT SPR
4266093001 SHUTTLE END 11 95 4800 AFTON 2,902.78 263.89 131.94 3,298.61
4D0051G01 PAPER
4249493001 EXIT WIRE 11 95 4800 AFTON 2,768.83 251.71 125.86 3,146.41
44D416466-003
3740093001 REPAIR 11 95 MAN RIBBON CART 9,716.67 883.33 441.67 3,091.66
4362895001 4B0177P01 11 95 4800 AFTON 987.50 89.77 44.89 2,917.61
4C0294P01 CAM
4259993001 STRIKER BAR 11 95 4800 AFTON 2,887.50 262.50 131.25 2,756.25
4338094001 TRACTOR PULLEY 11 95 AFTON 1,375.00 125.00 62.50 2,687.50
</TABLE>
- 6 -
E-176
<PAGE> 177
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
4D0630P01 CLAMP
4295893001 WIRE RACK 2W3268 2W 10 025 3204 AT944 8,293.00 5,528.66 2,764.34 12 93
4412395001 44A502012-001 2W3268 2W 10 025 3204 AT041 3,408.00 757.34 2,650.66 4 95
4250893001 4B0518P01 END CAP 2W3268 2W 18 227 0070 AT901 13,500.00 10,875.00 2,625.00 7 93
4B0532P01 GEMINI
4249893001 PH SUP 2W3268 2W 10 011 0450 AT881 10,250.00 7,687.50 2,562.50 9 93
3B104P01 BLOCK
4240493001 BEARING 2W3268 2W 18 227 0070 AT847 8,700.00 6,283.33 2,416.67 10 93
4362995001 4A0732P01 2W3268 2W 10 025 3204 AT003 3,195.00 887.50 2,307.50 2 95
4251593001 4B0183P01 CAM 2W3268 2W 07 005 0530 AT908 8,550.00 6,175.00 2,375.00 10 93
4C0216PO4 GUIDE
4252793001 LEFT RIBBON 2W3268 2W 10 101 3632 AT920 7,934.75 5,577.00 2,357.75 6 93
3D0808P03 -
3819993002 REPAIR TOP ENCL 2W3268 2W 44 029 2570 A3879 10,200.00 7,933.33 2,266.67 8 93
2 CAV STEEL
4249193001 MASTER MOLD FRAME 2W3268 2W 07 005 0530 AT874 8,000.00 5,777.78 2,222.22 10 93
3C097P01 PAPER
4312094001 INLET 2W3268 2W 47 820 0720 AT954 4,467.98 2,358.09 2,109.89 5 94
4470/90 SPACER
4318293001 SWITCH-TRACTOR 2W3268 2W 07 005 0530 AT959 5,400.00 3,450.00 1,950.00 1 94
44C510362-001
4248993001 TRACTOR EXTEND 2W3268 2W 07 005 0530 AT872 7,000.00 5,055.55 1,944.45 10 93
3B1052P03 RIGHT
4311893001 PAPER GUIDE 2W3268 2W 31 039 1200 AT952 5,317.40 3,397.23 1,920.17 1 94
4B0400P01 BUSHING
4288895001 TRACTOR 2W3268 2W 10 25 3204 AT943 2,374.95 593.73 1,781.22 3 95
4B0089G01 PT HD
4252893001 WRENCH BALL 2W3268 2W 07 005 0530 AT921 9,700.00 7,813.89 1,886.11 7 93
3B1043P01 STROBE
4240393001 DISK 2W3268 2W 18 227 0070 AT846 8,899.99 7,169.43 1,730.56 7 93
4D0382P01
4248193001 THUMBWHEEL PT GAP 2W3268 2W 10 101 3632 AT864 12,808.95 11,029.93 1,779.02 5 93
44E416566-G101
4315794001 LOWER ENCLOS 2W3268 2W 41 063 0690 AT957 3,900.00 2,275.00 1,625.00 3 94
1C0229P01 RIBBON
4192293001 GUIDE 2W3268 2W 47 820 0720 AT841 12,540.00 10,798.33 1,741.67 5 93
3B1052P04 LEFT
4311993001 PAPER GUIDE 2W3268 2W 31 039 1200 AT953 4,417.43 2,822.25 1,595.18 1 94
4B0463G01 ASSEM
4311595001 PRESS FIX 2W3268 2W 10 011 0450 AT950 2,250.00 687.50 1,562.50 1 95
4B0599001 BEARING
4282793001 TRACTOR 2W3268 2W 10 101 3632 AT936 4,289.50 2,740.51 1,548.99 1 94
AFTON RIBBON
4251293001 DRIVE ASSM 2W3268 2W 07 005 0530 AT905 4,620.00 3,080.00 1,540.00 12 93
4C0234P01 PAWL
4247993001 THUMBWHEEL 2W3268 2W 10 101 3632 AT862 5,474.75 3,953.99 1,520.76 10 93
3D0885P01
4178293001 ACOUSTIC BARRIER 2W3268 2W 31 039 1200 AT822 19,597.84 17,964.69 1,633.15 3 93
44C510321-G01 BOX
4288593001 ASM AC SW 2W3268 2W 31 039 1200 AT940 5,121.05 3,698.53 1,422.52 10 93
3B1042P01 WORM
4179393001 SHAFT 2W3268 2W 18 227 0070 AT826 18,944.25 17,365.57 1,578.68 3 93
44C510402-001
4288693001 STRAP GROUND 2W3268 2W 31 039 1200 AT941 4,982.50 3,598.47 1,384.03 10 93
4362695001 4B0452G01 2W3268 2W 31 039 1560 AT999 1,463.25 203.23 1,260.02 7 95
4373095001 DEGATING FIXTURE 2W3268 2W 22 013 1310 A4024 1,680.00 513.33 1,166.67 1 95
3B1040P01 LH
4240293001 BEARING ECCENTRIC 2W3268 2W 47 820 0720 AT845 5,823.75 4,691.35 1,132.40 7 93
4406995001 44D931348 2W3268 2W 39 039 2310 AT022 1,200.00 180.00 1,020.00 3 95
4249293001 SWITCH SPACER 2W3268 2W 07 005 0530 AT875 5,400.00 4,350.00 1,050.00 7 93
4C0260P01 GUARD
4248093001 ELEC CABLE 2W3268 2W 10 101 3632 AT863 7,754.50 6,677.48 1,077.02 5 93
44C510301-001
4288493001 SHIELD PWR SUP 2W3268 2W 31 039 1200 AT939 3,593.38 2,595.22 998.16 10 93
4407095001 44D931348 2W3268 2W 39 039 2310 AT022 1,200.00 300.00 900.00 3 95
4407195001 44D931348 2W3268 2W 39 039 2310 AT022 1,200.00 300.00 900.00 3 95
4407295001 44D9341348 2W3268 2W 39 039 2310 AT022 1,200.00 300.00 900.00 3 95
3A0281P01 LATCH
4240093001 REAR DOOR 2W3268 2W 18 227 0070 AT843 4,800.00 3,866.66 933.34 7 93
3D0611P04 REAR
3820293002 ACCESS DOOR 2W3268 2W 44 029 2570 AT814 3,607.32 2,705.49 901.83 9 93
4260993001 4A0496P01 SHAFT 2W3268 2W 07 005 0530 AT930 3,950.00 3,181.94 768.06 7 93
4470/90 SIDE
4258993001 PLATE/COLLET 2W3268 2W 07 005 0530 AT926 1,900.00 1,161.12 738.88 2 94
4B0192P01 YODE
4247793001 ROTATE STRIKE 2W3268 2W 10 101 3632 AT860 3,914.75 3,153.55 761.20 7 93
3A0297P01 WASHER
4240193001 "O" 2W3268 2W 18 227 0070 AT844 3,900.00 3,141.66 758.34 7 93
3D0896G02 STRIKER
4260793001 BAR ASM 2W3268 2W 39 039 2310 AT928 3,727.78 3,002.94 724.84 7 93
4D0499G01 PAPER
4265893001 RACK-LOWER 2W3268 2W 07 011 0280 AT933 3,708.81 2,987.65 721.16 7 93
3D0612P04 FRONT
3820393002 ACCESS DOOR 2W3268 2W 41 077 0280 AT815 2,835.00 2,126.25 708.75 9 93
4338794001 77D931367 2W3268 2W 47 820 0720 A3980 1,430.25 754.86 675.39 5 94
4C0207P01 GUIDE
4252593001 RT RIBBON 2W3268 2W 47 820 0720 AT918 2,310.00 1,638.00 672.00 10 93
4B0511P01 BUSHING
4247893001 ECCENTRIC 2W3268 2W 10 101 3632 AT861 3,224.75 2,597.72 627.03 7 93
44C510362
4249093001 PRINTING FIXTURE 2W3268 2W 07 005 0530 AT873 2,700.00 2,120.40 579.60 7 93
4B0075P01 SPACER
4288793001 PWB 2W3268 2W 10 025 3204 AT942 1,704.00 1,183.33 520.67 11 93
3D0824G01 PAPER
4306893001 DRIVE ROLLER 2W3268 2W 14 097 3150 AT772 2,045.49 1,534.12 511.37 9 93
3D0601P01
4256993001 CARRIAGE 2W3268 2W 47 820 0720 AT802 6,511.00 5,968.41 542.59 3 93
4B0047P01 DOOR
4260893001 STOP 2W3268 2W 39 047 3260 AT929 1,775.00 1,331.25 443.75 9 93
4B0180P01 STAND
4247693001 OFF SMAD 2W3268 2W 10 101 3632 AT859 2,926.99 2,475.75 451.24 5 93
44C505089-001 &
4256893001 002 PLATE SUP 2W3268 2W 39 011 7413 AT801 5,700.00 5,225.00 475.00 3 93
4B0533P01 PULLEY
4252693001 IDLER 2W3268 2W 47 820 0720 AT919 2,010.00 1,619.16 390.84 7 93
4B0130P01 SPACER
4247593001 SUP SHAFT 2W3268 2W 10 101 3632 AT858 1,949.75 1,570.64 379.11 7 93
3B1050 FINGER
4186693001 STATIC 2W3268 2W 07 003 0040 AT838 3,213.50 2,945.71 267.79 3 93
3D0890P01 PAPER
4178093001 GUIDE 2W3268 2W 31 039 1200 AT820 2,643.65 2,423.35 220.30 3 93
4C0206P01 GUIDE
4252493001 LEFT RIBBON 2W3268 2W 10 101 3632 AT917 1,466.84 1,263.11 203.73 5 93
44C510353-001
4243492001 WINDOW SUPPORT 2W3268 2W 31 039 1200 AT817 6,916.96 6,724.82 192.14 1 93
4179193001 3D0884P01 2W3268 2W 10 101 3632 AT824 2,227.65 2,103.90 123.75 2 93
4186592001 3A0227P02 2W3268 2W 15 097 0670 AT837 3,210.00 3,120.84 89.16 1 93
4372295001 44D931326 2W3268 2W 47 015 1952 AT026 21.30 8.87 12.43 5 95
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
4D0630P01 CLAMP
4295893001 WIRE RACK 11 95 4800 AFTON 2,533.97 230.36 115.18 2,649.16
4412395001 44A502012-001 11 95 MAN RIBBON CART 757.34 68.85 34.42 2,616.24
4250893001 4B0518P01 END CAP 11 95 4800 AFTON 4,125.00 375.00 187.50 2,437.50
4B0532P01 GEMINI
4249893001 PH SUP 11 95 4800 AFTON 3,131.94 284.72 142.36 2,420.14
3B104P01 BLOCK
4240493001 BEARING 11 95 3800 2,658.33 241.67 120.83 2,295.84
4362995001 4A0732P01 11 95 4800 AFTON 887.50 80.68 40.34 2,267.16
4251593001 4B0183P01 CAM 11 95 4800 AFTON 2,612.50 237.50 118.75 2,256.25
4C0216PO4 GUIDE
4252793001 LEFT RIBBON 11 95 4800 AFTON 3,922.55 356.60 178.30 2,179.45
3D0808P03 -
3819993002 REPAIR TOP ENCL 11 95 3800 3,116.66 283.33 141.67 2,125.00
2 CAV STEEL
4249193001 MASTER MOLD FRAME 11 95 4800 2,444.44 222.22 111.11 2,111.11
3C097P01 PAPER
4312094001 INLET 11 95 3800,3900 1,365.21 124.11 62.06 2,047.84
4470/90 SPACER
4318293001 SWITCH-TRACTOR 11 95 4470,4490 1,650.00 150.00 75.00 1,875.00
44C510362-001
4248993001 TRACTOR EXTEND 11 95 4410,4440,4500 2,138.89 194.44 97.22 1,847.23
3B1052P03 RIGHT
4311893001 PAPER GUIDE 11 95 3800 1,624.76 147.71 73.85 1,846.32
4B0400P01 BUSHING
4288895001 TRACTOR 11 95 4800 AFTON 593.73 53.98 26.99 1,754.23
4B0089G01 PT HD
4252893001 WRENCH BALL 11 95 4800 AFTON 2,963.89 269.44 134.72 1,751.39
3B1043P01 STROBE
4240393001 DISK 11 95 3800 2,719.44 247.22 123.61 1,606.95
4D0382P01
4248193001 THUMBWHEEL PT GAP 11 95 4800 AFTON 3,913.85 355.80 177.90 1,601.12
44E416566-G101
4315794001 LOWER ENCLOS 11 95 4410,4440,4500 1,191.67 108.33 54.17 1,570.83
1C0229P01 RIBBON
4192293001 GUIDE 11 95 MAN RIBBON CART 3,831.66 348.33 174.17 1,567.50
3B1052P04 LEFT
4311993001 PAPER GUIDE 11 95 3800,3900 1,349.77 122.71 61.35 1,533.83
4B0463G01 ASSEM
4311595001 PRESS FIX 11 95 4800 AFTON 687.50 62.50 31.25 1,531.25
4B0599001 BEARING
4282793001 TRACTOR 11 95 4800 AFTON 1,310.68 119.15 59.58 1,489.41
AFTON RIBBON
4251293001 DRIVE ASSM 11 95 4800 1,411.67 128.33 64.17 1,475.83
4C0234P01 PAWL
4247993001 THUMBWHEEL 11 95 4800 AFTON 1,672.84 152.08 76.04 1,444.72
3D0885P01
4178293001 ACOUSTIC BARRIER 11 95 3800 5,988.23 544.38 272.19 1,360.96
44C510321-G01 BOX
4288593001 ASM AC SW 11 95 4410,4440,4500 1,564.76 142.25 71.13 1,351.39
3B1042P01 WORM
4179393001 SHAFT 11 95 3800 5,788.53 526.23 263.12 1,315.57
44C510402-001
4288693001 STRAP GROUND 11 95 4470,4471,4490 1,522.43 138.40 69.20 1,314.83
4362695001 4B0452G01 11 95 4800 AFTON 203.23 18.48 9.24 1,250.78
4373095001 DEGATING FIXTURE 11 95 2000,3000 513.33 46.67 23.33 1,143.34
3B1040P01 LH
4240293001 BEARING ECCENTRIC 11 95 3800 1,779.48 161.77 80.89 1,051.51
4406995001 44D931348 11 95 AFTON 180.00 16.36 8.18 1,011.82
4249293001 SWITCH SPACER 11 95 4800 1,650.00 150.00 75.00 975.00
4C0260P01 GUARD
4248093001 ELEC CABLE 11 95 4800 AFTON 2,369.43 215.40 107.70 969.32
44C510301-001
4288493001 SHIELD PWR SUP 11 95 4410,4440,4500 1,097.98 99.82 49.91 948.25
4407095001 44D931348 11 95 AFTON 300.00 27.27 13.64 886.36
4407195001 44D931348 11 95 AFTON 300.00 27.27 13.64 886.36
4407295001 44D9341348 11 95 AFTON 300.00 27.27 13.64 886.36
3A0281P01 LATCH
4240093001 REAR DOOR 11 95 3800 1,466.66 133.33 66.67 866.67
3D0611P04 REAR
3820293002 ACCESS DOOR 11 95 3800 1,102.24 100.20 50.10 851.73
4260993001 4A0496P01 SHAFT 11 95 4800 AFTON 1,206.94 109.72 54.86 713.20
4470/90 SIDE
4258993001 PLATE/COLLET 11 95 4470,4490 580.56 52.78 26.39 712.49
4B0192P01 YODE
4247793001 ROTATE STRIKE 11 95 4800 AFTON 1,196.17 108.74 54.37 706.83
3A0297P01 WASHER
4240193001 "O" 11 95 3800 1,191.66 108.33 54.17 704.17
3D0896G02 STRIKER
4260793001 BAR ASM 11 95 3800,3900 1,139.05 103.55 51.78 673.07
4D0499G01 PAPER
4265893001 RACK-LOWER 11 95 4800 AFTON 1,133.25 103.02 51.51 669.65
3D0612P04 FRONT
3820393002 ACCESS DOOR 11 95 3800 866.25 78.75 39.38 669.38
4338794001 77D931367 11 95 AFTON 437.03 39.73 19.87 655.53
4C0207P01 GUIDE
4252593001 RT RIBBON 11 95 4800 AFTON 739.20 67.20 33.60 638.40
4B0511P01 BUSHING
4247893001 ECCENTRIC 11 95 4800 AFTON 985.34 89.58 44.79 582.24
44C510362
4249093001 PRINTING FIXTURE 11 95 4410,4440,4500 910.80 82.80 41.40 538.20
4B0075P01 SPACER
4288793001 PWB 11 95 4800 AFTON 520.66 47.33 23.67 497.00
3D0824G01 PAPER
4306893001 DRIVE ROLLER 11 95 3800,3900 625.01 56.82 28.41 482.96
3D0601P01
4256993001 CARRIAGE 11 95 3800,3900 1,989.47 180.86 90.43 452.16
4B0047P01 DOOR
4260893001 STOP 11 95 4800 AFTON 542.36 49.31 24.65 419.10
4B0180P01 STAND
4247693001 OFF SMAD 11 95 4800 AFTON 992.75 90.25 45.13 406.12
44C505089-001 &
4256893001 002 PLATE SUP 11 95 3000 1,741.67 158.33 79.17 395.83
4B0533P01 PULLEY
4252693001 IDLER 11 95 4800 AFTON 614.16 55.83 27.92 362.92
4B0130P01 SPACER
4247593001 SUP SHAFT 11 95 4800 AFTON 595.76 54.16 27.08 352.03
3B1050 FINGER
4186693001 STATIC 11 95 3800 981.90 89.26 44.63 223.16
3D0890P01 PAPER
4178093001 GUIDE 11 95 3800 807.78 73.43 36.72 183.58
4C0206P01 GUIDE
4252493001 LEFT RIBBON 11 95 4800 AFTON 448.20 40.75 20.37 183.36
44C510353-001
4243492001 WINDOW SUPPORT 11 95 4410,4440,4500 2,113.51 192.14 96.07 96.07
4179193001 3D0884P01 11 95 3800 680.68 61.88 30.94 92.81
4186592001 3A0227P02 11 95 3800 980.84 89.17 44.58 44.58
4372295001 44D931326 11 95 AFTON 8.87 0.81 0.40 12.03
</TABLE>
- 7 -
E-177
<PAGE> 178
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
4372395001 44D931326 2W3268 2W 47 015 1952 AT026 21.30 8.87 12.43 5 95
4372495001 44D931326 2W3268 2W 47 015 1952 AT026 21.30 8.87 12.43 5 95
4148191001 44C506047-001 2W3268 2W 47 820 0720 1,062.79 1,061.79 1.00 3 91
TOTAL 2,082,748.61 1,180,159.17 902,589.44
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
4372395001 44D931326 11 95 AFTON 8.87 0.81 0.40 12.03
4372495001 44D931326 11 95 AFTON 8.87 0.81 0.40 12.03
4148191001 44C506047-001 2 94 4410,4440,4500 0.00 0.00 0.00 1.00
TOTAL 876,937.32
</TABLE>
- 8 -
E-178
<PAGE> 179
Page 9 of 2
GEINCOM CORPORATION
ADC TRANSFER
PPE - NBV @ 12/17/95 COMPLETE - McALLEN
<TABLE>
<CAPTION>
TYPE ASSET ID DESCRIPTION LOC DIV ACQ DATE COST RESERVE NET-BOOK
<S> <C> <C> <C> <C> <C> <C> <C> <C>
30 4001588001 YALE FORK TRUCK 2W3410 2W 15-Nov-88 23,066.36 16,146.46 6,919.90
STAND UP ELECTRIC
30 4411595001 FORK LIFT 2W3410 2W 15-Mar-95 31,168.84 2,077.92 29,090.92
STAND UP ELECTRIC
30 4411695001 FORK LIFT 2W3410 2W 15-Mar-95 31,168.84 2,077.92 29,090.92
30 4411495001 SIT DOWN FORK LIFT 2W3410 2W 15-Mar-95 16,645.22 1,109.68 15,535.54
30 4411395001 SIT DOWN FORK LIFT 2W3410 2W 15-Mar-95 21,386.22 1,425.75 19,960.47
SUBTOTAL TYPE 30 123,435.48 22,837.73 100,597.75
32 3454682001 IBICO BINDING MACH 2W3410 2W 21-Oct-83 223.65 223.65 0.00
32 3435981001 RIDGE-U-RACKS 2W3410 2W 21-Oct-83 2,477.58 2,477.58 0.00
UPRIGHT HORIZON REACH
32 4436395001 LIFT 2W3410 2W 15-Oct-95 7,270.00 121.17 7,148.83
32 4301293001 FOLDING GATE 2W3410 2W 15-Jul-93 3,181.54 1,484.72 1,696.82
32 3418781001 HAND SHUTTLE TRUCK 2W3410 2W 21-Oct-83 1,142.13 1,142.13 0.00
32 4357394001 RIDG-U-RAK 2W3410 2W 15-Jul-94 10,255.78 2,734.88 7,520.90
I9600 IMAGER SYS
32 4243392001 MANAGER 2W3410 2W 15-Dec-92 15,500.00 9,041.67 6,458.33
32 4141790001 STATIC BOARD 2W3410 2W 15-Dec-90 475.00 467.08 7.92
32 4141890001 STATIC BOARD 2W3410 2W 15-Dec-90 475.00 467.08 7.92
32 3444382001 FORD FENCE 2W3410 2W 21-Oct-83 1,156.71 1,156.71 0.00
32 3175177001 YALE FORK LIFT 2W3410 2W 21-Oct-83 1,005.58 1,005.58 0.00
32 3510884001 DOCK BOARD 2W3410 2W 15-May-84 1,605.25 1,605.25 0.00
32 3614086001 MICRO O RING TESTER 2W3410 2W 15-Jun-86 1,402.90 1,402.90 0.00
32 4190692001 PALLET RACK 2W3410 2W 15-Sep-92 29,246.42 18,312.08 10,934.34
32 3623686001 CHEST TYPE FREEZER 2W3410 2W 15-Jul-86 250.00 250.00 0.00
32 4141690001 STATIC BOARD 2W3410 2W 15-Dec-90 475.00 467.08 7.92
SUBTOTAL TYPE 32 76,142.54 42,359.56 33,782.98
40 V240W87001 DODGE WAGON VAN 2W3410 2W 15-Jul-87 16,194.82 16,194.82 0.00
SUBTOTAL TYPE 40 16,194.82 16,194.82 0.00
FORD MINIVAN FOR
45 4166791001 MCALLEN 2W3410 2W 15-Oct-91 18,096.75 14,610.72 3,486.03
SUBTOTAL TYPE 45 18,096.75 14,610.72 3,486.03
52 3558885001 MICOM 828 MULTIPLEXOR 2W3410 2W 15-Jun-85 2,968.06 2,968.06 0.00
52 3492384001 DISPLAY STATION 2W3410 2W 15-Jan-84 2,347.64 2,347.64 0.00
52 3492284001 DISPLAY STATION 2W3410 2W 15-Jan-84 2,347.64 2,347.64 0.00
52 3289180001 TN 200 KSR 2W3410 2W 21-Oct-83 1,533.60 1,533.60 0.00
3000 PRINTER/PEDISTAL
52 4257393001 ASM 2W3410 2W 15-Mar-93 831.88 443.67 388.21
52 3843687001 HP 700/92 TERMINAL 2W3410 2W 15-Dec-87 841.75 841.75 0.00
52 3492484001 1200 BAUD MODEM 2W3410 2W 15-Jan-84 686.71 686.71 0.00
MB2110-16
52 3889388001 MULTIPLEXOR/MUX 2W3410 2W 15-Feb-88 3,629.50 3,629.50 0.00
52 P4396395001 ZEBRA THERMAL PRINTER 2W3410 2W 13-Apr-92 3,851.40 2,080.51 1,770.89
52 374988701 DISPLAY TERMINAL 2W3410 2W 15-Apr-87 1,436.87 1,436.87 0.00
52 P4394795001 CONVEYOR 2W3410 2W 01-Aug-87 3,374.01 3,374.01 0.00
SUBTOTAL TYPE 52 23,849.06 21,689.96 2,159.10
<CAPTION>
TYPE ASSET ID YTD DEPR MO DEPR DEPR ADJUSTED NBV
@ 12/17/95
<S> <C> <C> <C> <C> <C>
30 4001588001 2,114.42 192.22 96.11 6,823.79
30 4411595001 2,077.92 188.90 94.45 28,996.47
30 4411695001 2,077.92 188.90 94.45 28,996.47
30 4411495001 1,109.68 100.88 50.44 15,485.10
30 4411395001 1,425.75 129.61 64.81 19,895.66
SUBTOTAL TYPE 30 100,197.49
32 3454682001 0.00 0.00 0.00 0.00
32 3435981001 0.00 0.00 0.00 0.00
32 4436395001 121.17 11.02 5.51 7,143.32
32 4301293001 583.28 53.03 26.51 1,670.31
32 3418781001 0.00 0.00 0.00 0.00
32 4357394001 1,880.23 170.93 85.47 7,435.44
32 4243392001 2,841.67 258.33 129.17 6,329.16
32 4141790001 87.08 7.92 3.96 3.96
32 4141890001 87.08 7.92 3.96 3.96
32 3444382001 0.00 0.00 0.00 0.00
32 3175177001 0.00 0.00 0.00 0.00
32 3510884001 0.00 0.00 0.00 0.00
32 3614086001 0.00 0.00 0.00 0.00
32 4190692001 5,467.17 497.02 248.51 10,685.83
32 3623686001 0.00 0.00 0.00 0.00
32 4141690001 87.08 7.92 3.96 3.96
SUBTOTAL TYPE 32 33,275.95
40 V240W87001 0.00 0.00 0.00 0.00
SUBTOTAL TYPE 40 0.00
45 4166791001 3,486.03 316.91 158.46 3,327.57
SUBTOTAL TYPE 45 3,327.57
52 3558885001 0.00 0.00 0.00 0.00
52 3492384001 0.00 0.00 0.00 0.00
52 3492284001 0.00 0.00 0.00 0.00
52 3289180001 0.00 0.00 0.00 0.00
52 4257393001 152.51 13.86 6.93 381.28
52 3843687001 0.00 0.00 0.00 0.00
52 3492484001 0.00 0.00 0.00 0.00
52 3889388001 0.00 0.00 0.00 0.00
52 P4396395001 475.76 43.25 21.63 1,749.26
52 374988701 0.00 0.00 0.00 0.00
52 P4394795001 0.00 0.00 0.00 0.00
SUBTOTAL TYPE 52 2,130.54
</TABLE>
- 9 -
E-179
<PAGE> 180
Page 10 of 2
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
60 4086789001 FACSIMILE MACHINE 2W3410 2W 15-Nov-89 1,015.14 1,015.14 0.00
60 3303780001 IBM SELECTRIC 2W3410 2W 21-Oct-83 447.30 447.30 0.00
60 3513684001 IBM SEL II TYPEWRI 2W3410 2W 15-May-84 801.00 801.00 0.00
60 4086689001 FACSIMILE MACHINE 2W3410 2W 15-Nov-89 1,015.14 1,015.14 0.00
SUBTOTAL TYPE 60 3,278.58 3,278.58 0.00
GRAND TOTAL 260,997.23 120,971.37 140,025.86
</TABLE>
<TABLE>
<S> <C> <C> <C> <C> <C>
60 4086789001 0.00 0.00 0.00 0.00
60 3303780001 0.00 0.00 0.00 0.00
60 3513684001 0.00 0.00 0.00 0.00
60 4086689001 0.00 0.00 0.00 0.00
SUBTOTAL TYPE 60 0.00
GRAND TOTAL 138,931.55
</TABLE>
- 10 -
E-180
<PAGE> 181
Page 11 of 2
GENICOM CORPORATION
ADC TRANSFER
PPE - IN PROCESS
<TABLE>
<CAPTION>
Total in
A/R Description Product Total Approved Capital Expense Total Spent Suspense
<S> <C> <C> <C> <C> <C> <C>
2-0-0349-T004-400 44C510423-001 4410/4440/45XX 35,000.00 35,000.00 0.00 25,500.00 25,500.00
2-0-0349-T005-400 44D430672-001 4410/4440/45XX 25,000.00 25,000.00 0.00 24,333.33 24,333.33
2-0-0349-T006-400 44D430671-001 4410/4440/45XX 29,000.00 29,000.00 0.00 28,000.00 28,000.00
2-0-0349-T036-500 4B0131P01 4800 Afton 27,570.00 27,570.00 0.00 27,570.00 0.00
2-0-0349-T037-500 4C0716P01 4800 Afton 15,200.00 15,200.00 0.00 10,133.33 10,133.33
2-0-0349-T038-500 4D0751P02 4800 Afton 28,500.00 28,500.00 0.00 28,500.00 0.00
2-0-0349-T039-500 3B1068P01 38XX/39XX/45XX 21,500.00 21,500.00 0.00 21,500.00 0.00
2-0-0349-T045-500 4C0950P01 4800 Afton 4,425.00 4,425.00 0.00 3,007.00 3,007.00
2-0-0349-T046-500 4C0946P01 4800 Afton 4,920.00 4,920.00 0.00 1,640.00 1,640.00
2-0-0349-T047-500 4C0884P01 4800 Afton 6,500.00 6,500.00 0.00 4,333.34 4,333.34
2-0-0349-T048-500 4C0949P01 4800 Afton 4,500.00 4,500.00 0.00 3,000.00 3,000.00
2-0-0349-T049-500 4A0947P01 4800 Afton 5,000.00 5,000.00 0.00 4,000.00 4,000.00
2-0-0349-T050-500 4C0959P01 4800 Afton 8,000.00 8,000.00 0.00 5,333.34 5,333.34
2-0-0349-T051-500 4C1010P01 4800 Afton 3,840.00 3,840.00 0.00 1,925.00 1,925.00
2-0-0349-T052-500 3C0900P01 Code 539 14,500.00 14,500.00 0.00 4,833.33 4,833.33
2-0-0349-T054-500 4D0352P01 4800 Afton 4,500.00 4,500.00 0.00 4,500.00 4,500.00
2-0-0349-T055-500 4D0352P01 4800 Afton 3,410.00 3,410.00 0.00 3,410.00 3,410.00
2-0-0349-T056-500 4D0354P02 4800 Afton 2,875.00 2,875.00 0.00 2,875.00 2,875.00
Manuf Ribbon
2-0-0349-T984-400 44s416497-001 Cart 5,000.00 5,000.00 0.00 4,758.75 4,758.75
4470/4471/4490
2-0-0349-T986-400 44C430240-001 /45XX 45,712.50 45,712.50 0.00 18,786.78 18,786.78
2-0-0349-T992-400 4D0663G01 4800 Afton 22,925.00 22,925.00 0.00 22,925.00 0.00
Pheonix
2-0-0349-2828-636 Breakpart Pheonix 8,030.00 8,030.00 0.00 2,681.53 2,681.53
Photoinduced discharge curve
2-0-0349-3968 device 10,000.00 9,500.00 500.00 7,994.11 7,973.25
Transfer
2-0-0349-3980 Afton Printer 1,144,112.00 679,110.00 465,003.00 519,920.80 27,180.00
Transfer
2-0-0349-4023 4470/4490 289,500.00 143,500.00 146,000.00 81,877.46 6,424.26
2000/3000
Transfer
2-0-0349-4024 Expenses 65,435.00 65,435.00 23,334.99 0.00
Notebook
2-0-0349-5120 Computer 3,540.00 3,540.00 3,475.66 453.00
2-0-0349-5279 Guages Afton/4490 5,299.74 5,299.74 0.00 5,268.93 5,268.93
1,843,794.24 1,166,857.24 676,938.00 895,417.68 200,350.17
</TABLE>
- 11 -
E-181
<PAGE> 182
Schedule 1.1B
INVESTMENTS
Stock in the Subsidiaries owned by the Borrower and the
Subsidiaries as of the Closing Date.
-1-
E-182
<PAGE> 183
SCHEDULE 1.1C
LIENS
1. Liens securing the Indebtedness of the Foreign Subsidiaries
identified on Schedule 8.1.
2. Cash collateral of $557,037 securing the Indebtedness of the
Borrower under the Chemical Bank letters of credit and
steamship guaranties referred to in Schedule 8.1.
2
E-183
<PAGE> 184
SCHEDULE 1.1D
FORM OF PLEDGE AGREEMENT
THIS PLEDGE AGREEMENT (this "Pledge Agreement"), dated as of
January 12, 1996, made by GENICOM CORPORATION, a Delaware corporation (the
"Borrower"), THE GUARANTORS FROM TIME TO TIME PARTY HERETO (each a "Guarantor",
and collectively the "Guarantors", and together with the Borrower, each a
"Pledgor", and collectively the "Pledgors") and NATIONSBANK OF TEXAS, N.A., in
its capacity as agent (the "Agent") for the lenders from time to time party to
the Credit Agreement described below (the "Lenders").
RECITALS
WHEREAS, pursuant to the Credit Agreement dated as of the date
hereof (as amended, modified, extended, renewed or replaced from time to time,
the "Credit Agreement") among the Borrower, the Guarantors, the Lenders and the
Agent, the Lenders have agreed to provide the Borrower with a $75,000,000
credit facility; and
WHEREAS, the Lenders have required, as a condition precedent
to their entering into the Credit Agreement and making extensions of credit to
or for the account of the Borrower thereunder, that the Pledgors secure their
respective obligations under the Credit Agreement and the other Credit
Documents in accordance with the terms of this Pledge Agreement.
NOW, THEREFORE, in consideration of these premises and other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1. Definitions. Capitalized terms used herein but not
otherwise defined shall have the meanings ascribed to such terms in the Credit
Agreement.
2. Pledge and Grant of Security Interest. To secure the
prompt payment and performance in full when due, whether by lapse of time or
otherwise, of the Secured Obligations (as defined in Section 3 hereof), each
Pledgor hereby pledges and assigns to the Agent, for the benefit of the
Lenders, and grants to the Agent, for the benefit of the Lenders, a continuing
security interest in any and all right, title and interest of such Pledgor in
and to the following, whether now owned or existing or owned, acquired, or
arising hereafter (collectively, the "Pledged Collateral"):
(a) Pledged Shares. All of the issued and
outstanding shares of capital stock of the Domestic
Subsidiaries of such Pledgor set forth on Schedule 1 attached
hereto (all certificates representing such shares and all
options and
1
E-184
<PAGE> 185
other rights, contractual or otherwise, with respect thereto,
collectively the "Pledged Shares").
(b) Additional Shares. All of the issued and
outstanding shares of capital stock of any Domestic Subsidiary
which is hereafter formed or acquired by such Pledgor,
including without limitation, the certificates representing
such shares.
(c) Other Equity Interests. Any and all other
equity interests of such Pledgor in any direct or indirect
Subsidiary of the Borrower.
(d) Proceeds. All proceeds and products of the
foregoing, however and whenever acquired and in whatever form.
Without limiting the generality of the foregoing, it is hereby
specifically understood and agreed that a Pledgor may from time to time
hereafter deliver additional shares of stock to the Agent as collateral
security for the Secured Obligations. Upon delivery to the Agent, such
additional shares of stock shall be deemed to be part of the Pledged Collateral
of such Pledgor and shall be subject to the terms of this Pledge Agreement
whether or not Schedule 1 is amended to refer to such additional shares.
3. Security for Secured Obligations. The security
interest created hereby in the Pledged Collateral of each Pledgor constitutes
continuing collateral security for all of the following, whether now existing
or hereafter incurred (the "Secured Obligations"):
(a) (i) In the case of the Borrower, the
prompt performance and observance by the Borrower of all
obligations of the Borrower under the Credit Agreement, the
Notes, this Pledge Agreement and the other Credit Documents to
which the Borrower is a party; or
(ii) In the case of any Pledgor which is a
Guarantor, the prompt performance and observance by such
Guarantor of all obligations of such Guarantor under the
Credit Agreement, this Pledge Agreement and the other Credit
Documents to which such Guarantor is a party, including,
without limitation, its guaranty obligations arising under
Section 4 of the Credit Agreement;
(b) All other indebtedness, liabilities and
obligations of any kind or nature, now existing or hereafter
arising, owing from any Credit Party to any Lender or the
Agent, arising under the Credit Documents, whether primary,
secondary, direct, contingent, or joint and several; and
(c) All liabilities and obligations, now existing or
hereafter arising, owing from any Credit Party to any Lender
2
E-185
<PAGE> 186
or any affiliate of a Lender arising under interest rate
protection agreements, foreign currency exchange, commodity
purchase or option agreements or other interest or exchange
rate or commodity price hedging agreements.
4. Delivery of the Pledged Collateral. Each Pledgor
hereby agrees that:
(a) Certificates. Such Pledgor shall deliver to
the Agent (i) simultaneously with or prior to the execution
and delivery of this Pledge Agreement, all certificates
representing the Pledged Shares of such Pledgor and (ii)
promptly upon the receipt thereof by or on behalf of such
Pledgor, all other certificates and instruments constituting
Pledged Collateral of such Pledgor. Prior to delivery to the
Agent, all such certificates and instruments constituting
Pledged Collateral of such Pledgor shall be held in trust by
such Pledgor for the benefit of the Agent pursuant hereto. All
such certificates shall be delivered in suitable form for
transfer by delivery or shall be accompanied by duly executed
instruments of transfer or assignment in blank, in form
provided in Schedule 2 attached hereto.
(b) Additional Securities. If such Pledgor shall
receive by virtue of its being or having been the owner of any
Pledged Collateral, any (i) stock certificate, including
without limitation, any certificate representing a stock
dividend or distribution in connection with any increase or
reduction of capital, reclassification, merger, consolidation,
sale of assets, combination of shares, stock splits, spin-off
or split-off, promissory notes or other instrument; (ii)
option or right, whether as an addition to, substitution for,
or an exchange for, any Pledged Collateral or otherwise; (iii)
dividends payable in securities; or (iv) distributions of
securities in connection with a partial or total liquidation,
dissolution or reduction of capital, capital surplus or
paid-in surplus, then such Pledgor shall receive such stock
certificate, instrument, option, right or distribution in
trust for the benefit of the Agent, shall segregate it from
such Pledgor's other property and shall deliver it forthwith
to the Agent in the exact form received together with any
necessary endorsement and/or appropriate stock power duly
executed in blank in the form provided in Schedule 2, to be
held by the Agent as Pledged Collateral and as further
collateral security for the Secured Obligations.
(c) Financing Statements. Such Pledgor shall
execute and deliver to the Agent such UCC financing statements
as may be reasonably requested by the Agent in order to
perfect and protect the security interest created hereby in
the pledged Collateral of such Pledgor.
3
E-186
<PAGE> 187
5. Representations and Warranties. Each Pledgor hereby
represents and warrants to the Agent, for the benefit of the Lenders, that so
long as the Credit Agreement is in effect or any amounts payable thereunder or
under any other Credit Document or any Letter of Credit shall remain
outstanding, and until all of the Commitments thereunder shall have terminated:
(a) Authorization of Pledged Shares. The Pledged
Shares of such Pledgor are duly authorized and validly issued,
are fully paid and nonassessable and are not subject to the
preemptive rights of any Person. All other shares of stock
constituting Pledged Collateral will be duly authorized and
validly issued, fully paid and nonassessable and not subject
to the preemptive rights of any Person.
(b) Title. Such Pledgor has good and
indefeasible title to the Pledged Collateral of such Pledgor
and will at all times be the legal and beneficial owner of
such Pledged Collateral free and clear of any Lien, except for
the security interest created by this Pledge Agreement and
other Permitted Liens. There exists no "adverse claim" within
the meaning of Section 8-302 of the Uniform Commercial Code as
in effect in the Commonwealth of Virginia (the "UCC") with
respect to the Pledged Shares of such Pledgor.
(c) Exercising of Rights. The exercise by the
Agent of its rights and remedies hereunder will not violate
any law or governmental regulation or any material contractual
restriction binding on or affecting such Pledgor or any of its
Property.
(d) Pledgor's Authority. No authorization,
approval or action by, and no notice or filing with any
Governmental Authority or with the issuer of any Pledged Stock
of such Pledgor is required either (i) for the pledge made by
such Pledgor or for the granting of the security interest by
such Pledgor pursuant to this Pledge Agreement; or (ii) for
the exercise by the Agent of its rights and remedies hereunder
(except as may be required by laws affecting the offering and
sale of securities).
(e) Security Interest/Priority. This Pledge
Agreement creates a valid security interest in favor of the
Agent for the benefit of the Lenders, in the Pledged
Collateral of such Pledgor. The taking possession by the
Agent of the certificates representing the Pledged Shares of
such Pledgor and all other certificates and instruments
constituting Pledged Collateral of such Pledgor will perfect
and establish the first priority of the Agent's security
interest in the Pledged Shares of such Pledgor and in all
other Pledged Collateral of such Pledgor represented by such
Pledged Shares and instruments securing the Secured
Obligations. Except as set forth in this Section 5(e), no
4
E-187
<PAGE> 188
action is necessary to perfect or otherwise protect such
security interest.
6. Covenants. Each Pledgor hereby covenants, that so
long as the Credit Agreement is in effect or any amounts payable thereunder or
under any other Credit Document or any Letter of Credit shall remain
outstanding, and until all of the Commitments thereunder shall have terminated,
such Pledgor shall:
(a) Books and Records. Mark its books and
records (and shall cause the issuer of the Pledged Shares of
such Pledgor to mark its books and records) to reflect the
security interest granted to the Agent, for the benefit of the
Lenders, pursuant to this Pledge Agreement.
(b) Defense of Title. Warrant and defend title
to and ownership of the Pledged Collateral of such Pledgor at
its own expense against the claims and demands of all other
parties claiming an interest therein, keep the Pledged
Collateral of such Pledgor free from all Liens, except for
those created hereunder and the security interest created
hereby and except for Permitted Liens, and not sell, exchange,
transfer, assign, lease or otherwise dispose of Pledged
Collateral of such Pledgor or any interest therein, except as
permitted under the Credit Agreement.
(c) Further Assurances. Promptly execute and
deliver at its expense all further instruments and documents
and take all further action that may be necessary and
desirable or that the Agent may reasonably request in order to
(i) perfect and protect the security interest created hereby
in the Pledged Collateral of such Pledgor; (ii) enable the
Agent to exercise and enforce its rights and remedies
hereunder in respect of the Pledged Collateral of such
Pledgor; and (iii) otherwise effect the purposes of this
Pledge Agreement, including, without limitation and if
requested by the Agent, delivering to the Agent irrevocable
proxies in respect of the Pledged Collateral of such Pledgor.
(d) Amendments. Not make or consent to any
amendment or other modification or waiver with respect to any
of the Pledged Collateral of such Pledgor or enter into any
agreement or allow to exist any restriction with respect to
any of the Pledged Collateral of such Pledgor other than
pursuant hereto or as may be permitted under the Credit
Agreement.
(e) Compliance with Securities Laws. File all
reports and other information now or hereafter required to be
filed by such Pledgor with the United States Securities and
Exchange Commission and any other state, federal or foreign
agency in connection with the ownership of the Pledged
Collateral of such Pledgor.
5
E-188
<PAGE> 189
7. Rights of the Agent.
(a) Power of Attorney. In addition to other
powers of attorney contained herein, each Pledgor hereby
designates and appoints the Agent and each of its designees or
agents as attorney-in-fact of such Pledgor, irrevocably and
with power of substitution, with authority to take any or all
of the following actions upon the occurrence and during the
continuance of an Event of Default:
(i) to demand, collect, settle,
compromise, adjust, give discharges and releases, all
as the Agent may reasonably determine;
(ii) to commence and prosecute any
actions at any court for the purposes of collecting
any of the Pledged Collateral of such Pledgor and
enforcing any other right in respect thereof;
(iii) to defend, settle or compromise
any action brought and, in connection therewith, give
such discharge or release as the Agent may deem
reasonably appropriate;
(iv) to pay or discharge taxes,
liens, security interests, or other encumbrances
levied or placed on or threatened against the Pledged
Collateral of such Pledgor;
(v) to direct any parties liable
for any payment under any of the Pledged Collateral
of such Pledgor to make payment of any and all monies
due and to become due thereunder directly to the
Agent or as the Agent shall direct;
(vi) to receive payment of and
receipt for any and all monies, claims, and other
amounts due and to become due at any time in respect
of or arising out of any Pledged Collateral of such
Pledgor;
(vii) to sign and endorse any drafts,
assignments, proxies, stock powers, verifications,
notices and other documents relating to the Pledged
Collateral of such Pledgor;
(viii) to settle, compromise or adjust
any suit, action or proceeding described above and,
in connection therewith, to give such discharges or
releases as the Agent may deem reasonably
appropriate; and
(ix) to exchange any of the Pledged
Collateral of such Pledgor or other property upon any
6
E-189
<PAGE> 190
merger, consolidation, reorganization,
recapitalization or other readjustment of the issuer
thereof and in connection therewith, deposit any of
the Pledged Collateral of such Pledgor with any
depository, transfer agent, registrar or other
designated agency upon such terms as the Agent may
determine.
(x) to do and perform all such
other acts and things as the Agent may reasonably
deem to be necessary, proper or convenient in
connection with the Pledged Collateral of such
Pledgor.
This power of attorney is a power coupled with an interest and
shall be irrevocable. The Agent shall be under no duty to
exercise or withhold the exercise of any of the rights,
powers, privileges and options expressly or implicitly
granted to the Agent in this Pledge Agreement, and shall not
be liable for any failure to do so or any delay in doing so.
The Agent shall not be liable for any act or omission
or for any error of judgment or any mistake of fact or law in
its individual capacity or its capacity as attorney-in-fact
except acts or omissions resulting from its negligence or
willful misconduct. This power of attorney is conferred on the
Agent solely to protect, preserve and realize upon its
security interest in Pledged Collateral.
(b) Performance by the Agent of Pledgor's
Obligations. If any Pledgor fails to perform any agreement or
obligation contained herein, after the occurrence and during
the continuance of an Event of Default, the Agent itself may
perform, or cause performance of, such agreement or
obligation, and the expenses of the Agent incurred in
connection therewith shall be payable by the Pledgors on a
joint and several basis pursuant to Section 11 hereof.
(c) Assignment by the Agent. To the extent
permitted under the Credit Agreement, the Agent may from time
to time assign the Pledged Collateral and any portion thereof,
and the assignee shall be entitled to all of the rights and
remedies of the Agent under this Pledge Agreement in relation
thereto.
(d) The Agent's Duty of Care. Other than the
exercise of reasonable care to assure the safe custody of the
Pledged Collateral while being held by the Agent hereunder,
the Agent shall have no duty or liability to preserve rights
pertaining thereto, it being understood and agreed that each
Pledgor shall be responsible for preservation of all rights in
the Pledged Collateral of such Pledgor, and the Agent shall be
relieved of all responsibility for Pledged Collateral upon
surrendering it or tendering the surrender &of it to such
Pledgor. The Agent shall be deemed to have exercised
reasonable care in the custody and preservation of the Pledged
Collateral in its possession if such Pledged
7
E-190
<PAGE> 191
Collateral is accorded treatment substantially equal to that
which the Agent accords its own property, it being understood
that the Agent shall not have responsibility for (i)
ascertaining or taking action with respect to calls,
conversions, exchanges, maturities, tenders or other matters
relating to any Pledged Collateral, whether or not the Agent
has or is deemed to have knowledge of such matters; or (ii)
taking any necessary steps to preserve rights against any
parties with respect to any Pledged Collateral.
(e) Voting Rights in Respect of the Pledged
Collateral.
(i) So long as no Event of Default
(as defined herein) shall have occurred and be
continuing, to the extent permitted by law, each
Pledgor may exercise any and all voting and other
consensual rights pertaining to the Pledged
Collateral of such Pledgor or any part thereof for
any purpose not inconsistent with the terms of this
Pledge Agreement or the Credit Agreement;
(ii) Upon the occurrence and during
the continuance of an Event of Default, upon written
notice from the Agent, all rights of a Pledgor to
exercise the voting and other consensual rights which
it would otherwise be entitled to exercise pursuant
to paragraph (i) of this Section shall cease and all
such rights shall thereupon become vested in the
Agent which shall thereupon have the sole right to
exercise such voting and other consensual rights.
(f) Dividend Rights in Respect of the Pledged
Collateral.
(i) So long as no Event of Default
shall have occurred and be continuing and subject to
Section 4(b) hereof, each Pledgor may receive and
retain any and all dividends (other than stock
dividends and other dividends constituting Pledged
Collateral of such Pledgor which are addressed
hereinabove) or interest paid in respect of the
Pledged Collateral of such Pledgor to the extent they
are allowed under the Credit Agreement.
(ii) Upon the occurrence and during
the continuance of an Event of Default:
(A) all rights of a Pledgor to
receive the dividends and interest payments which it
would otherwise be authorized to receive and retain
pursuant to paragraph (i) of this Section shall cease
and all such rights shall thereupon be vested in the
Agent which shall thereupon have the
8
E-191
<PAGE> 192
sole right to receive and hold as Pledged Collateral
such dividends and interest payments; and
(B) all dividends and interest
payments which are received by such Pledgor contrary
to the provisions of paragraph (A) of this Section
shall be received in trust for the benefit of the
Agent, shall be segregated from other property or
funds of such Pledgor, and shall be forthwith paid
over to the Agent as Pledged Collateral in the exact
form received, to be held by the Agent as Pledged
Collateral and as further collateral security for the
Secured Obligations.
(g) Release of Pledged Collateral. The Agent may
release any of the Pledged Collateral from this Pledge
Agreement or may substitute any of the Pledged Collateral for
other Pledged Collateral without altering, varying or
diminishing in any way the force, effect, lien, pledge or
security interest of this Pledge Agreement as to any Pledged
Collateral not expressly released or substituted, and this
Pledge Agreement shall continue as a first priority lien,
security interest, pledge and charge on all Pledged Collateral
not expressly released or substituted when any of the Secured
Obligations remain outstanding with respect to the Lenders.
8. Advances by Lenders. On failure of any Pledgor to
perform any of the covenants and agreements contained herein, the Agent may, at
its sole option and in its sole discretion, perform the same and in so doing
may expend such sums as the Agent may reasonably deem advisable in the
performance thereof, including, without limitation, the payment of any taxes, a
payment to obtain a release of a Lien or potential Lien, expenditures made in
defending against any adverse claim and all other expenditures which the Agent
may make for the protection of the security hereof or which may be compelled to
make by operation of law. All such sums and amounts so expended shall be
repayable by the Pledgors on a joint and several basis promptly upon notice
thereof and demand therefor, shall constitute additional Secured Obligations
and shall bear interest from the date said amounts are expended at the default
rate provided in Section 3.1 of the Credit Agreement. No such performance of
any covenant or agreement by the Agent on behalf of any Pledgor, and no such
advance or expenditure therefor, shall relieve the Pledgors of any default
under the terms of this Pledge Agreement or the other Credit Documents. The
Agent may make any payment hereby authorized in accordance with any bill,
statement or estimate procured from the appropriate public office or holder of
the claim to be discharged without inquiry into the accuracy of such bill,
statement or estimate or into the validity of any tax assessment, sale,
forfeiture, tax lien, title or claim except to the extent such payment is being
contested in good faith by a
9
E-192
<PAGE> 193
Pledgor in appropriate proceedings and against which adequate reserves are
being maintained in accordance with GAAP.
9. Events of Default. The occurrence of an Event
of Default under and as defined in the Credit Agreement shall be an Event of
Default hereunder ("Event of Default").
10. Remedies Upon Default. If any Event of Default shall
have occurred and be continuing:
(a) Rights and Remedies. The Agent may exercise
in respect of the Pledged Collateral of any Pledgor, in
addition to other rights and remedies provided for herein or
otherwise available to it, all rights and remedies of a
secured party on default under the UCC or any other applicable
law.
(b) Sale of Pledged Collateral. Without limiting
the generality of this Section and without notice (except as
provided below), the Agent may, in its sole discretion, sell
or otherwise dispose of or realize upon the Pledged
Collateral, or any part thereof, in one or more parcels, at
public or private sale, at any exchange or broker's board or
elsewhere, at such price or prices and on such other terms as
the Agent may deem commercially reasonable, for cash, credit
or for future delivery or otherwise in accordance with
applicable law. To the extent permitted by law, any Lender
may in such event, bid for the purchase of such securities.
Each Pledgor agrees that any requirement of reasonable notice
shall be met if notice, specifying the place of any public
sale or the time after which any private sale is to be made,
shall be personally served on or mailed, postage
prepaid, to such Pledgor in accordance with the notice
provisions of Section 11.1 of the Credit Agreement at least 10
days before time of such sale. The Agent shall not be
obligated to make any sale of Pledged Collateral of such
Pledgor regardless of notice of sale having been given. The
Agent 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.
(c) Private Sale. The Pledgors recognize that
the Agent may deem it impracticable to effect a public sale of
all or any part of the Pledged Shares or any of the securities
constituting Pledged Collateral and that the Agent may,
therefore, determine to make one or more private sales of any
such securities to a restricted group of purchasers who will
be obligated to agree, among other things, to acquire such
securities for their own account, for investment and not with
a view to the distribution or resale thereof. Each Pledgor
acknowledges that any such private sale may be at prices and
on terms less favorable to the seller than the prices and
other terms which might have
10
E-193
<PAGE> 194
been obtained at a public sale and, notwithstanding the
foregoing, agrees that such private sale per se shall not be
deemed to have been made in a commercially unreasonable manner
and that the Agent shall have no obligation to delay sale of
any such securities for the period of time necessary to permit
the issuer of such securities to register such securities for
public sale under the Securities Act of 1933. Each Pledgor
further acknowledges and agrees that any offer to sell such
securities which has been publicly advertised on a bona fide
basis in a newspaper or other publication of general
circulation in the financial community of New York, New York
(to the extent that such offer may be advertised without prior
registration under the Securities Act of 1933) shall be deemed
to involve a "public sale" under the UCC, notwithstanding that
such sale may not constitute a "public offering" under the
Securities Act of 1933, and the Agent or any Lender may, in
such event, bid for the purchase of such securities.
(d) Retention of Pledged Collateral. The Agent
may, after providing the notices required by Section 9-505(2)
of the UCC or otherwise complying with the requirements of
applicable law of the relevant jurisdiction, retain all or any
portion of the Pledged Collateral in satisfaction of the
Secured Obligations. Unless and until the Agent shall have
provided such notices, however, the Agent shall not be deemed
to have retained any Pledged Collateral in satisfaction of any
Secured Obligations for any reason.
(e) Application of Proceeds. Upon the occurrence
and during the continuance of an Event of Default, any
payments in respect of the Secured Obligations and any
proceeds of any Pledged Collateral, when received by the
Lenders in cash or its equivalent, will be applied in
reduction of the Secured Obligations in such order and manner
as set forth in Section 3.15(c) of the Credit Agreement, and
each Pledgor irrevocably waives the right to direct the
application of such payments and proceeds and acknowledges and
agrees that the Agent shall have the continuing and exclusive
right to apply and reapply any and all such payments and
proceeds notwithstanding any entry to the contrary upon any of
its books and records. The Pledgors shall remain liable to
the Lenders for any deficiency.
(f) Deficiency. In the event that the proceeds
of any sale, collection or realization are insufficient to pay
all amounts to which the Agent or the Lenders are legally
entitled, the Pledgors shall be jointly and severally liable
for the deficiency, together with interest thereon at the
default rate provided in Section 3.1 of the Credit Agreement,
together with the costs of collection and the reasonable fees
of any attorneys employed by the Agent to collect such
deficiency. Any surplus remaining after the full payment and
satisfaction of the Secured Obligations
11
E-194
<PAGE> 195
shall be returned to the appropriate Pledgors or to whomsoever
a court of competent jurisdiction shall determine to be
entitled thereto.
11. Costs of Counsel. If at any time hereafter, after
the occurrence and during the continuance of an Event of Default or not, the
Agent employs counsel to prepare or consider amendments, waivers or consents
with respect to this Pledge Agreement, or to take action or make a response in
or with respect to any legal or arbitral proceeding relating to this Pledge
Agreement or relating to the Pledged Collateral, or to protect the Pledged
Collateral of any Pledgor or exercise any rights or remedies under this Pledge
Agreement or with respect to any Pledged Collateral, then the Pledgors agree to
promptly pay upon demand any and all such reasonable costs and expenses of the
Agent and the Lenders, all of which costs and expenses shall constitute Secured
Obligations hereunder.
12. Continuing Agreement. This Pledge Agreement shall be
a continuing agreement in every respect and shall remain in full force and
effect so long as the Credit Agreement is in effect or any amounts payable
thereunder or under any other Credit Document or any Letter of Credit shall
remain outstanding, and until all of the Commitments thereunder shall have
terminated. Upon such termination of this Pledge Agreement, the Lenders shall,
upon the request and at the expense of the Obligors, forthwith release all of
its liens and security interests hereunder. Notwithstanding the foregoing all
releases and indemnities provided hereunder shall survive termination of this
Pledge Agreement.
13. Amendments; Waivers; Modifications. This Pledge
Agreement and the provisions hereof may not be amended, waived, modified,
changed, discharged or terminated except as set forth in Section 11.6 of the
Credit Agreement.
14. Successors in Interest. This Pledge Agreement shall
create a continuing security interest in the Collateral and shall be binding
upon each Pledgor, its successors and assigns and shall inure, together with
the rights and remedies of the Agent and the Lenders hereunder, to the benefit
of the Agent and the Lenders and their successors and assigns; provided,
however, that none of the Pledgors may assign its rights or delegate its duties
hereunder without the prior written consent of the Agent. To the fullest
extent permitted by law, each Pledgor hereby releases the Agent and each
Lender, and its successors and assigns, from any liability for any act or
omission relating to this Pledge Agreement or the Collateral, except for any
liability arising from the negligence or willful misconduct of the Agent, or
such Lender, or its officers, employees or agents.
15. Notices. All notices required or permitted to be given
under this Pledge Agreement shall be in conformance with Section 11.1 of the
Credit Agreement.
12
E-195
<PAGE> 196
16. Counterparts. This Pledge Agreement may be executed in
any number of counterparts, each of which where so executed and delivered shall
be an original, but all of which shall constitute one and the same instrument.
It shall not be necessary in making proof of this Pledge Agreement to produce
or account for more than one such counterpart.
17. Headings. The headings of the sections and subsections
hereof are provided for convenience only and shall not in any way affect the
meaning or construction of any provision of this Pledge Agreement.
18. Governing Law; Submission to Jurisdiction; Venue.
(a) THIS PLEDGE AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE
COMMONWEALTH OF VIRGINIA. Any legal action or proceeding with
respect to this Pledge Agreement may be brought in the courts
of the State of North Carolina in Mecklenburg County, or of
the United States for the Western District of North Carolina,
and, by execution and delivery of this Pledge Agreement, each
of the Pledgors hereby irrevocably accepts for itself and in
respect of its property, generally and unconditionally, the
nonexclusive jurisdiction of such courts. Each of the
Pledgors further irrevocably consents to the service of
process out of any of the aforementioned courts in any such
action or proceeding by the mailing of copies thereof by
registered or certified mail, postage prepaid, to it at the
address set out for notices pursuant to Section 11.1 of the
Credit Agreement, such service to become effective 30 days
after such mailing. Nothing herein shall affect the right of
the Agent to serve process in any other manner permitted by
law or to commence legal proceedings or to otherwise proceed
against any Pledgor in any other jurisdiction.
(b) Each of the Pledgors hereby irrevocably
waives any objection which it may now or hereafter have to the
laying of venue of any of the aforesaid actions or proceedings
arising out of or in connection with this Pledge Agreement
brought in the courts referred to in subsection (a) hereof and
hereby further irrevocably waives and agrees not to plead or
claim in any such court that any such action or proceeding
brought in any such court has been brought in an inconvenient
forum.
(c) TO THE EXTENT PERMITTED BY LAW, EACH OF THE
AGENT AND EACH OF THE PLEDGORS HEREBY IRREVOCABLY WAIVES ALL
RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM ARISING OUT OF OR RELATING
13
E-196
<PAGE> 197
TO THIS PLEDGE AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.
19. Severability. If any provision of any of the Pledge
Agreement is determined to be illegal, invalid or unenforceable, such provision
shall be fully severable and the remaining provisions shall remain in full
force and effect and shall be construed without giving effect to the illegal,
invalid or unenforceable provisions.
20. Entirety. This Pledge Agreement and the other Credit
Documents represent the entire agreement of the parties hereto and thereto, and
supersede all prior agreements and understandings, oral or written, if any,
including any commitment letters or correspondence relating to the Credit
Documents or the transactions contemplated herein and therein.
21. Survival. All representations and warranties of the
Pledgors hereunder shall survive the execution and delivery of this Pledge
Agreement and the other Credit Documents, the delivery of the Notes and the
making of the Loans and the issuance of the Letters of Credit under the Credit
Agreement.
22. Other Security. To the extent that any of the Secured
Obligations are now or hereafter secured by Property other than the Collateral
(including, without limitation, real property and securities owned by an
Pledgor), or by a guarantee, endorsement or Property of any other Person, then
the Agent and the Lenders shall have the right to proceed against such other
property, guarantee or endorsement upon the occurrence of any Event of Default,
and the Agent and the Lenders have the right, in their sole discretion, to
determine which rights, security, liens, security interests or remedies the
Agent and the Lenders shall at any time pursue, relinquish, subordinate, modify
or take with respect thereto, without in any way modifying or affecting any of
them or any of the Agent's and the Lenders' rights or the Secured Obligations
under this Pledge Agreement or under any other of the Credit Documents.
23. Joint and Several Obligations of Pledgors. All
payment obligations of the Pledgors hereunder shall be joint and several.
24. Rights of Required Lenders. All rights of the Agent
hereunder, if not exercised by the Agent, may be exercised by the Required
Lenders.
[remainder of page intentionally left blank]
14
E-197
<PAGE> 198
Each of the Pledgors has caused a counterpart of this Pledge
Agreement to be duly executed and delivered as of the date first above written.
BORROWER:
GENICOM CORPORATION
By
-----------------------------
Title
--------------------------
GUARANTORS:
GENICOM INTERNATIONAL HOLDINGS CORPORATION
By
-----------------------------
Title
--------------------------
GENICOM INTERNATIONAL SALES CORPORATION
By
-----------------------------
Title
--------------------------
DELMARVA TECHNOLOGIES CORPORATION
By
-----------------------------
Title
--------------------------
RASTEK CORPORATION
By
-----------------------------
Title
--------------------------
[Signatures continued]
15
E-198
<PAGE> 199
ENTERPRISING SERVICE SOLUTIONS CORPORATION
By
----------------------------
Title
-------------------------
PRINTER SYSTEMS CORPORATION
By
----------------------------
Title
-------------------------
THE PRINTER CONNECTION, INC.
By
----------------------------
Title
-------------------------
PRINTER SYSTEMS INTERNATIONAL, LTD.
By
----------------------------
Title
-------------------------
Accepted and agreed to as of the date first above written.
NATIONSBANK OF TEXAS, N.A.
By
----------------------------
Title:
16
E-199
<PAGE> 200
Schedule 1
to Pledge Agreement
NAME OF PLEDGOR
-------------
<TABLE>
<CAPTION>
Certificate
Name of Subsidiary Number of Shares Number
- ------------------ ---------------- ----------
<S> <C> <C>
</TABLE>
NAME OF PLEDGOR
-------------
<TABLE>
<CAPTION>
Certificate
Name of Subsidiary Number of Shares Number
- ------------------ ---------------- ----------
<S> <C> <C>
</TABLE>
17
E-200
<PAGE> 201
SCHEDULE 1.1E
FORM OF SECURITY AGREEMENT
THIS SECURITY AGREEMENT (this "Security Agreement"), dated as of
January 12, 1996, made by GENICOM CORPORATION, a Delaware corporation (the
"Borrower"), THE GUARANTORS FROM TIME TO TIME PARTY HERETO (each a "Guarantor",
and collectively the "Guarantors", and together with the Borrower, each an
"Obligor", and collectively the "Obligors") and NATIONSBANK OF TEXAS, N.A., in
its capacity as agent (the "Agent") for the lenders from time to time party to
the Credit Agreement described below (the "Lenders").
RECITALS
WHEREAS, pursuant to the Credit Agreement dated as of the date hereof
(as amended, modified, extended, renewed or replaced from time to time, the
"Credit Agreement") among the Borrower, the Guarantors, the Lenders (the
"Lenders") and the Agent, the Lenders have agreed to provide the Borrower with
a $75,000,000 credit facility; and
WHEREAS, the Lenders have required, as a condition precedent to their
entering into the Credit Agreement and making extensions of credit to or for
the account of the Borrower thereunder, that the Obligors secure their
respective obligations under the Credit Agreement and the other Credit
Documents in accordance with the terms of this Security Agreement.
NOW, THEREFORE, in consideration of these premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1. Definitions. Capitalized terms used herein but not otherwise
defined shall have the meanings ascribed to such terms in the Credit Agreement.
All terms used in this Security Agreement that are defined in the Uniform
Commercial Code in effect in the Commonwealth of Virginia (the "UCC") and which
are not otherwise defined herein shall have the meanings set forth therein.
2. Grant of Security Interest in the Collateral. To secure the
prompt payment and performance in full when due, whether by lapse of time,
acceleration or otherwise, of the Secured Obligations (as defined in Section 3
hereof), each Obligor hereby grants to the Agent, for the benefit of the
Lenders, a continuing security interest in, and a right to set off against, any
and all right, title and interest of such Obligor in and to the following,
whether now owned or existing or
1
E-201
<PAGE> 202
owned, acquired, or arising hereafter (collectively, the "Collateral"):
(a) All equipment, including, without limitation, all
vehicles, machinery, tools, furniture, furnishings, office equipment
and trade fixtures;
(b) All accounts and receivables and all goods
represented by or securing accounts and receivables, including,
without limitation, all rents and tenant payments, if any;
(c) All inventory, including, without limitation, all raw
materials, all work in process and all goods held by the Borrower for
sale or lease;
(d) All contract rights, including, without limitation,
all rights under management agreements, tax sharing agreements and
lease agreements and all rights to payment of money, tax refunds and
insurance proceeds;
(e) All other general intangibles;
(f) All instruments, documents, chattel paper,
securities, policies and certificates of insurance, deposits, cash or
other goods;
(g) All books, records, files, computer software and
other writings or evidence of each Obligor's business;
(h) All licenses, patents, patent applications,
trademarks, trademark applications, tradenames, copyrights, assumed
names, service marks and service mark applications (collectively, the
"Intellectual Property");
(i) All other personal property of any kind or type
whatsoever owned by an Obligor;
(j) All accessions and additions to, and substitutions
and replacements of, any and all of the foregoing, whether now
existing or hereafter arising; and
(k) All proceeds and products of the foregoing and all
insurance relating to the foregoing collateral and all proceeds
thereof (including, without limitation, insurance proceeds payable on
account of business interruption), whether now existing or hereafter
arising.
3. Security for Obligations. The security interest created
hereby in the Collateral constitutes continuing collateral security for all of
the following, whether now existing or hereafter incurred (the "Secured
Obligations"):
2
E-202
<PAGE> 203
(a) (i) In the case of the Borrower, the prompt
performance and observance by the Borrower of all obligations of the
Borrower under the Credit Agreement, the Notes, this Security
Agreement and the other Credit Documents to which the Borrower is a
party; or
(ii) In the case of any Obligor which is a Guarantor, the
prompt performance and observance by such Guarantor of all obligations
of such Guarantor under the Credit Agreement, this Security Agreement
and the other Credit Documents to which such Guarantor is a party,
including, without limitation, its guaranty obligations arising under
Section 4 of the Credit Agreement;
(b) All other indebtedness, liabilities and obligations
of any kind or nature, now existing or hereafter arising, owing from
any Credit Party to any Lender or the Agent, arising under the Credit
Documents, whether primary, secondary, direct, contingent, or joint
and several; and
(c) All liabilities and obligations, now existing or
hereafter arising, owing from any Credit Party to any Lender or any
affiliate of a Lender arising under interest rate protection
agreements, foreign currency exchange, commodity purchase or option
agreements or other interest or exchange rate or commodity price
hedging agreements.
4. Representations and Warranties. Each Obligor hereby represents
and warrants to the Agent, for the benefit of the Lenders, that so long as the
Credit Agreement is in effect or any amounts payable thereunder or under any
other Credit Document or any Letter of Credit shall remain outstanding, and
until all of the Commitments thereunder shall have terminated:
(a) Chief Executive Office; Books & Records. Such Obligor's
chief executive office and chief place of business are (and for the
prior four months have been) located at the locations set forth on
Schedule 1 attached hereto and such Obligor keeps its books and
records at such locations.
(b) Type and Location of Collateral. The type of Collateral
owned by such Obligor, each location of Collateral owned by such
Obligor having an aggregate book value at such location of $100,000 or
more and the owner of each such location is as shown on Schedule 2
attached hereto.
(c) Ownership. Such Obligor is the legal and beneficial
owner of its Collateral and has the right to pledge, sell, assign or
transfer the same. Such Obligor's legal name is as shown in this
Security Agreement and no Obligor has in the past four months changed
its name, been party to a merger, consolidation or other change in
3
E-203
<PAGE> 204
structure or used any tradename except as set forth in Schedule 3
hereto.
(d) Security Interest/Priority. This Security Agreement
creates a valid security interest in favor of the Agent, for the
benefit of the Lenders, in the Collateral of such Obligor and, when
properly perfected, shall constitute a valid perfected security
interest in such Collateral, free and clear of all Liens except for
Permitted Liens.
(e) Receivables. (i) Each receivable of such Obligor and the
papers and documents relating thereto are genuine and in all respects
what they purport to be, (ii) in the case of each receivable of such
Obligor which is an account receivable, each receivable arises out of
(A) a bona fide sale of goods sold and delivered by such Obligor (or
is in the process of being delivered) or (B) services theretofore
actually rendered (or, in accordance with the applicable contract with
the account debtor, to be rendered) by such Obligor to, the account
debtor named therein, (iii) no receivable of such Obligor of $50,000
or more is evidenced by any instrument or chattel paper unless such
instrument or chattel paper has been theretofore endorsed over and
delivered to the Agent and (iv) no surety bond was required or given
in connection with any receivables of such Obligor or the contracts or
purchase orders out of which they arose.
(f) Inventory. No inventory is held by such Obligor pursuant
to consignment, sale or return, sale on approval or similar
arrangement.
(g) Intellectual Property. With regard to the Collateral
of such Obligor consisting of Intellectual Property, (i) such Obligor
is the present owner of the entire right, title and interest in and to
such Collateral and has good and indefeasible title thereto with the
rights of use free and clear of the infringement of the rights of
others, (ii) the patents listed on Schedule 4 constitute all of the
registrations and applications for the patents owned by such Obligor,
(iii) the trademarks listed on Schedule 5 constitute all of the
registrations and applications for the trademarks owned by such
Obligor, (iv) such Obligor has not and will not make any assignment or
agreement in conflict with the security interest in the Intellectual
Property of such Obligor hereunder and (v) all applications pertaining
to Intellectual Property of such Obligor have been duly and properly
filed, and all registrations or letters pertaining to such
Intellectual Property have been duly and properly filed and issued,
and all of such Intellectual Property is valid and enforceable.
5. Covenants. Each Obligor covenants that, so long as the Credit
Agreement is in effect or any amounts payable thereunder or under any other
Credit Document or any Letter of Credit shall
4
E-204
<PAGE> 205
remain outstanding, and until all of the Commitments thereunder shall have
terminated, such Obligor shall:
(a) Other Liens. Defend the Collateral of such Obligor
against the claims and demands of all other parties claiming an
interest therein, keep such Collateral free from all Liens, except for
Permitted Liens, and not sell, exchange, transfer, assign, lease or
otherwise dispose of such Collateral or any interest therein, except
in the ordinary course of business and except as permitted under the
Credit Agreement.
(b) Preservation of Collateral. Keep the Collateral of
such Obligor in good order, condition and repair and not use such
Collateral in violation of the provisions of this Security Agreement
or any other agreement relating to such Collateral or any policy
insuring the Collateral or any applicable statute, law, bylaw, rule,
regulation or ordinance;
(c) Change in Location. Keep such Obligor's chief
executive office and chief place of business (as well as its books and
records) at the locations set forth on Schedule 1 and keep Collateral
of such Obligor having a book value of $100,000 or more, individually
or in the aggregate, at the locations set forth for such Obligor on
Schedule 2.
(d) Inspection. Upon reasonable notice, and during
reasonable hours, at all times allow the Agent or its representatives
to visit and inspect the Collateral of such Obligor and the books and
records relating thereto and otherwise cooperate with and promptly
respond to the reasonable requests of the Agent or its representatives
with respect thereto.
(e) Perfection of Security Interest. Execute and deliver
to the Agent such agreements, assignments or instruments (including
affidavits, notices, reaffirmations and amendments and restatements of
existing documents, as the Agent may reasonably request) and do all
such other things as the Agent may reasonably deem necessary or
appropriate (i) to assure to the Agent its security interests
hereunder, including (A) such financing statements (including renewal
statements) or amendments thereof or supplements thereto or other
instruments as the Agent may from time to time reasonably request in
order to perfect and maintain the security interests granted hereunder
in accordance with the UCC, (B) with regard to patents and patent
applications, a Notice of Grant of Security Interest in Patents for
filing with the United States Patent and Trademark Office in the form
of Schedule 6 hereto, and (C) with regard to trademarks and
trademark applications, a Notice of Grant of Security Interest in
Trademarks for filing with the United States Patent and Trademark
Office in
5
E-205
<PAGE> 206
the form of Schedule 7 hereto, (ii) to consummate the
transactions contemplated hereby and (iii) to otherwise protect and
assure the Agent of its rights and interests hereunder. To that end,
each Obligor agrees that the Agent may file one or more financing
statements disclosing the Agent's security interest in any or all of
the Collateral of such Obligor without, to the extent permitted by
law, such Obligor's signature thereon, and further each Obligor also
hereby irrevocably makes, constitutes and appoints the Agent, its
nominee or any other person whom the Agent may designate, as such
Obligor's attorney in fact with full power and for the limited purpose
to sign in the name of such Obligor any such financing statements, or
amendments and supplements to financing statements, renewal financing
statements, notices or any similar documents which in the Agent's
reasonable discretion would be necessary, appropriate or convenient in
order to perfect and maintain perfection of the security interests
granted hereunder, such power, being coupled with an interest, being
and remaining irrevocable so long as the Credit Agreement is in effect
or any amounts payable thereunder or under any other Credit Document
or any Letter of Credit shall remain outstanding, and until all of the
Commitments thereunder shall have terminated. Each Obligor hereby
agrees that a carbon, photographic or other reproduction of this
Security Agreement or any such financing statement is sufficient for
filing as a financing statement by the Agent wherever the Agent may in
its sole discretion desire to file the same. In the event for any
reason the law of any jurisdiction other than Virginia becomes or is
applicable to the Collateral of any Obligor or any part thereof, or to
any of the Secured Obligations, such Obligor agrees to execute and
deliver all such instruments and to do all such other things as the
Agent in its sole discretion reasonably deems necessary or appropriate
to preserve, protect and enforce the security interests of the Agent
under the law of such other jurisdiction (and, if an Obligor shall
fail to do so promptly upon the request of the Agent, then the Agent
may execute any and all such requested documents on behalf of such
Obligor pursuant to the power of attorney granted hereinabove). If
any Collateral is in the possession or control of an Obligor's agents
and the Agent so requests, such Obligor agrees to notify such agents
in writing of the Agent's security interest therein and, upon the
Agent's request, instruct them to hold all such Collateral for the
Lenders' account and subject to the Agent's instructions. Each Obligor
agrees to mark its books and records to reflect the security interest
of the Agent in the Collateral.
(f) Payment of Taxes and Charges. Pay promptly when due
all taxes, assessments, and governmental charges and levies upon or
against the Collateral of such Obligor in each case before the same
become delinquent and before penalties accrue thereon, unless and to
the extent that the
6
E-206
<PAGE> 207
same are being contested in good faith by appropriate proceedings.
(g) Treatment of Receivables. Not grant or extend the time
for payment of any receivable, or compromise or settle any receivable
for less than the full amount thereof, or release any person or
property, in whole or in part, from payment thereof, or allow any
credit or discount thereon, other than as normal and customary in the
ordinary course of such Obligor's business.
(h) Actions Regarding Intellectual Property. Not take or
fail to take any action, nor permit any action to be taken by others
that are subject to such Obligor's control which would affect the
validity and enforcement of the Intellectual Property of such Obligor,
or impair the value of such Intellectual Property.
(i) New Patents and Trademarks. Promptly after each
annual delivery to the Agent pursuant to Section 7.1(k) of the Credit
Agreement of a listing of new registration numbers for patents,
trademarks, service marks, tradenames and copyrights awarded to any
Obligor, a duly executed amendment or modification to the Notice of
Security Interest in Patents and/or the Notice of Security Interest in
Trademarks, as applicable, or such other duly executed documents as
the Agent may request in a form acceptable to counsel for the Agent
and suitable for recording to evidence the security interest in the
patent or trademark which is the subject of such new application to
the Agent as provided in Section 2 hereof, and subject to all the
terms hereof.
(j) Insurance. Insure the Collateral of such Obligor as set
forth in the Credit Agreement. In case of any material loss, damage
to or destruction of the Collateral of any Obligor or any part
thereof, such Obligor shall promptly give written notice thereof to
the Agent generally describing the nature and extent of such damage or
destruction. In case of any loss, damage to or destruction of the
Collateral of any Obligor or any part thereof, such Obligor, whether
or not the insurance proceeds, if any, received on account of such
damage or destruction shall be sufficient for that purpose, at such
Obligor's cost and expense, will promptly repair or replace the
Collateral of such Obligor so lost, damaged or destroyed; provided,
however, that such Obligor need not repair or replace the Collateral
of such Obligor so lost, damaged or destroyed to the extent the
failure to make such repair or replacement (i) is desirable to the
proper conduct of the business of such Obligor in the ordinary course
and otherwise in the best interest of such Obligor and (ii) would not
materially impair the rights and benefits of the Agent or the Lenders
under this Security Agreement or any other Credit Document. In the
event an Obligor shall receive any proceeds of such
7
E-207
<PAGE> 208
insurance in a net amount in excess of $1,000,000, such Obligor will
immediately pay over such proceeds to the Agent, for payment on the
Secured Obligations; provided, however, that the Agent agrees to
release such insurance proceeds to such Obligor for replacement or
restoration of the portion of the Collateral of such Obligor lost,
damaged or destroyed if, but only if, (A) no Default or Event of
Default shall have occurred and be continuing at the time of release,
(B) written application for such release is received by the Agent from
such Obligor within 30 days of receipt of such proceeds and (C) the
Agent has received evidence reasonably satisfactory to it that the
Collateral lost, damaged or destroyed has been or will be replaced or
restored to its condition immediately prior to the loss, destruction
or other event giving rise to the payment of such insurance proceeds.
All insurance proceeds shall be subject to the security interest of
the Agent hereunder.
6. Advances by Lenders. On failure of any Obligor to perform any of
the covenants and agreements contained herein, the Agent may, at its sole
option and in its sole discretion, perform the same and in so doing may expend
such sums as the Agent may reasonably deem advisable in the performance
thereof, including, without limitation, the payment of any insurance premiums,
the payment of any taxes, a payment to obtain a release of a Lien or potential
Lien, expenditures made in defending against any adverse claim and all other
expenditures which the Agent or the Lenders may make for the protection of the
security hereof or which may be compelled to make by operation of law. All
such sums and amounts so expended shall be repayable by the Obligors
immediately without notice or demand, shall constitute additional Secured
Obligations and shall bear interest from the date said amounts are expended at
the default rate provided in Section 3.1 of the Credit Agreement. No such
performance of any covenant or agreement by the Agent or the Lenders on behalf
of any Obligor, and no such advance or expenditure therefor, shall relieve the
Obligors of any default under the terms of this Security Agreement or the other
Credit Documents. The Lenders may make any payment hereby authorized in
accordance with any bill, statement or estimate procured from the appropriate
public office or holder of the claim to be discharged without inquiry into the
accuracy of such bill, statement or estimate or into the validity of any tax
assessment, sale, forfeiture, tax lien, title or claim.
7. Events of Default. The occurrence of an Event of Default
under and as defined in the Credit Agreement shall be an Event of Default
hereunder (an "Event of Default").
8. Remedies.
(a) General Remedies. Upon the occurrence of an Event of
Default and during continuation thereof, the Lenders
8
E-208
<PAGE> 209
shall have, in addition to the rights and remedies provided herein, in
the Credit Documents or by law (including, but not limited to, the
rights and remedies set forth in the Uniform Commercial Code of the
jurisdiction applicable to the affected Collateral) the rights and
remedies of a secured party under the UCC (regardless of whether the
UCC is the law of the jurisdiction where the rights and remedies are
asserted and regardless of whether the UCC applies to the affected
Collateral), and further the Agent may, with or without judicial
process or the aid and assistance of others, (i) enter on any premises
on which any of the Collateral may be located and, without resistance
or interference by the Obligors, take possession of the Collateral,
(ii) dispose of any Collateral on any such premises, (iii) require
the Obligors to assemble and make available to the Agent at the
expense of the Obligors any Collateral at any place and time
designated by the Agent which is reasonably convenient to both
parties, (iv) remove any Collateral from any such premises for the
purpose of effecting sale or other disposition thereof, and/or (v)
without demand and without advertisement, notice, hearing or process
of law (except as provided below), all of which each of the Obligors
hereby waives to the fullest extent permitted by law, at any place and
time or times, sell and deliver any or all Collateral held by or for
it at public or private sale, by one or more contracts, in one or more
parcels, for cash, upon credit or otherwise, at such prices and upon
such terms as the Agent deems advisable, in its sole discretion
(subject to any and all mandatory legal requirements). In addition to
all other sums due the Agent and the Lenders with respect to the
Secured Obligations, the Obligors shall pay the Agent and each of the
Lenders all reasonable costs and expenses incurred by the Agent or any
such Lender, including, but not limited to, reasonable attorneys' fees
and court costs, in obtaining or liquidating the Collateral, in
enforcing payment of the Secured Obligations, or in the prosecution or
defense of any action or proceeding by or against the Agent or the
Lenders or the Obligors concerning any matter arising out of or
connected with this Security Agreement, any Collateral or the Secured
Obligations, including, without limitation, any of the foregoing
arising in, arising under or related to a case under the Bankruptcy
Code. To the extent the rights of notice cannot be legally waived
hereunder, each Obligor agrees that any requirement of reasonable
notice shall be met if such notice is personally served on or mailed,
postage prepaid, to such Obligor in accordance with the notice
provisions of Section 11.1 of the Credit Agreement at least 10 days
before the time of sale or other event giving rise to the requirement
of such notice. The Agent and the Lenders shall not be obligated to
make any sale or other disposition of the Collateral regardless of
notice having been given. To the extent permitted by law, the Agent
or any Lender may be a purchaser at any such sale. Subject to
9
E-209
<PAGE> 210
the provisions of applicable law, the Agent and the Lenders may
postpone or cause the postponement of the sale of all or any portion
of the Collateral by announcement at the time and place of such sale,
and such sale may, without further notice, to the extent permitted by
law, be made at the time and place to which the sale was postponed, or
the Agent and the Lenders may further postpone such sale by
announcement made at such time and place.
(b) Remedies relating to Receivables. Upon the
occurrence of an Event of Default and during the continuation thereof,
whether or not the Agent has exercised any or all of its rights and
remedies hereunder, (i) each Obligor will promptly upon request of the
Agent instruct all account debtors to remit all payments in respect of
the receivables to a mailing location selected by the Agent and (ii)
the Agent or its designee may notify any Obligor's customers and
account debtors that the receivables of such Obligor have been
assigned to the Agent or of the Agent's security interest therein, and
may (either in its own name or in the name of an Obligor or both)
demand, collect (including without limitation by way of a lockbox
arrangement), receive, take receipt for, sell, sue for, compound,
settle, compromise and give acquittance for any and all amounts due or
to become due on receivables, and, in the Agent's discretion, file any
claim or take any other action or proceeding to protect and realize
upon the security interest of the Lenders in the receivables. Each
Obligor acknowledges and agrees that the proceeds of its receivables
remitted to or on behalf of the Agent in accordance with the
provisions hereof shall be solely for the Agent's own convenience and
that such Obligor shall not have any right, title or interest in such
accounts or in any such other amounts except as expressly provided
herein. The Agent and the Lenders shall have no liability or
responsibility to any Obligor for acceptance of a check, draft or
other order for payment of money bearing the legend "payment in
full" or words of similar import or any other restrictive legend or
endorsement or be responsible for determining the correctness of any
remittance. Each Obligor hereby agrees to indemnify the Agent and the
Lenders from and against all liabilities, damages, losses, actions,
claims, judgments, costs, expenses, charges and reasonable attorneys'
fees suffered or incurred by the Agent or the Lenders because of the
maintenance of the foregoing arrangements except as relating to or
arising out of the negligence or willful misconduct of the Agent or a
Lender or its officers, employees or agents.
(c) Access. In addition to the rights and remedies
hereunder, upon the occurrence of an Event of Default and during the
continuance thereof, the Agent shall have the right to enter and
remain upon the various premises of the Obligors without cost or
charge to the Agent, and use the
10
E-210
<PAGE> 211
same, together with materials, supplies, books and records of the
Obligors for the purpose of collecting and liquidating the Collateral,
or for preparing for sale and conducting the sale of the Collateral,
whether by foreclosure, auction or otherwise. In addition, the Agent
may remove Collateral, or any part thereof, from such premises and/or
any records with respect thereto, in order to effectively collect or
liquidate such Collateral.
(d) Nonexclusive Nature of Remedies. Failure by the
Agent or the Lenders to exercise any right, remedy or option under
this Agreement or any other Credit Document or as provided by law, or
any delay by the Agent or the Lenders in exercising the same, shall
not operate as a waiver of any such right, remedy or option. No
waiver hereunder shall be effective unless it is in writing, signed by
the party against whom such waiver is sought to be enforced and then
only to the extent specifically stated, which in the case of the Agent
or the Lenders shall only be granted as provided herein. To the
extent permitted by law, neither the Agent, the Lenders, nor any party
acting as attorney for the Agent or the Lenders, shall be liable
hereunder for any acts or omissions or for any error of judgment or
mistake of fact or law other than their negligence or willful
misconduct hereunder. The rights and remedies of the Agents and the
Lenders under this Agreement shall be cumulative and not exclusive of
any other right or remedy which the Agent or the Lenders may have.
9. Power of Attorney. In addition to other powers of attorney
contained herein, each Obligor hereby designates and appoints the Agent, on
behalf of the Lenders, and each of its designees or agents, as attorney-in-fact
of such Obligor, irrevocably and with power of substitution, with authority to
take any or all of the following actions upon the occurrence and during the
continuance of an Event of Default, subject to other provisions hereof:
(i) demand, collect, settle, compromise, adjust, give
discharges and releases, all as the Agent may determine;
(ii) commence and prosecute any actions at any court for the
purposes of collecting any Collateral and enforcing any other right in
respect thereof;
(iii) defend, settle or compromise any action brought and, in
connection therewith, give such discharge or release as the Agent may
deem appropriate;
(iv) receive, open and dispose of mail addressed to an
Obligor and endorse checks, notes, drafts, acceptances, money orders,
bills of lading, warehouse receipts or other instruments or documents
evidencing
11
E-211
<PAGE> 212
payment, shipment or storage of the goods giving rise to the
Collateral of such Obligor on behalf of and in the name of such
Obligor, or securing, or relating to such Collateral;
(v) sell, assign, transfer, make any agreement in respect
of, or otherwise deal with or exercise rights in respect of, any
Collateral or the goods or services which have given rise thereto, as
fully and completely as though the Bank were the absolute owner
thereof for all purposes;
(vi) adjust and settle claims under any insurance policy
relating thereto;
(vii) execute and deliver all assignments, conveyances,
statements, financing statements, renewal financing statements,
security agreements, affidavits, notices and other agreements,
instruments and documents that the Agent may determine necessary in
order to perfect and maintain the security interests and liens granted
in this Security Agreement and in order to fully consummate all of the
transactions contemplated therein;
(viii) institute any foreclosure proceedings that the Agent may
deem appropriate; and
(ix) do and perform all such other acts and things as the Agent
may deem to be necessary, proper or convenient in connection with the
Collateral.
This Power of Attorney is coupled with an interest and is irrevocable until the
Secured Obligations have been fully satisfied and the Commitments relating
thereto terminated.
10. Application of Proceeds. Upon the occurrence and during the
continuance of an Event of Default, any payments in respect of the Secured
Obligations and any proceeds of the Collateral, when received by the Agent or
any of the Lenders in cash or its equivalent, will be applied in reduction of
the Secured Obligations in such order and manner as set forth in Section
3.15(c) of the Credit Agreement, and each Obligor irrevocably waives the right
to direct the application of such payments and proceeds and acknowledges and
agrees that the Agent shall have the continuing and exclusive right to apply
and reapply any and all such payments and proceeds in the Agent's sole
discretion, notwithstanding any entry to the contrary upon any of its books and
records. The Obligors shall remain liable to the Lenders for any deficiency.
11. Costs of Counsel. If at any time hereafter, whether upon the
occurrence of an Event of Default or not, the Agent employs counsel to prepare
or consider amendments, waivers or
12
E-212
<PAGE> 213
consents with respect to this Security Agreement, or to take action or make a
response in or with respect to any legal or arbitral proceeding relating to
this Security Agreement or relating to the Collateral, or to protect the
Collateral or exercise any rights or remedies under this Security Agreement or
with respect to the Collateral, then the Obligors agree to promptly pay upon
demand any and all such reasonable costs and expenses of the Agent or the
Lenders, all of which costs and expenses shall constitute Secured Obligations
hereunder.
12. Continuing Agreement. This Security Agreement shall be a
continuing agreement in every respect and shall remain in full force and effect
so long as the Credit Agreement is in effect or any amounts payable thereunder
or under any other Credit Document or any Letter of Credit shall remain
outstanding, and until all of the Commitments thereunder shall have terminated.
Upon such termination of this Security Agreement, the Lenders shall, upon the
request and at the expense of the Obligors, forthwith release all of its liens
and security interests hereunder. Notwithstanding the foregoing all releases
and indemnities provided hereunder shall survive termination of this Security
Agreement.
13. Amendments; Waivers; Modifications. This Security Agreement and
the provisions hereof may not be amended, waived, modified, changed, discharged
or terminated except as set forth in Section 11.6 of the Credit Agreement.
14. Successors in Interest. This Security Agreement shall create a
continuing security interest in the Collateral and shall be binding upon each
Obligor, its successors and assigns and shall inure, together with the rights
and remedies of the Agent and the Lenders hereunder, to the benefit of the
Agent and the Lenders and their successors and assigns; provided, however, that
none of the Obligors may assign its rights or delegate its duties hereunder
without the prior written consent of the Agent. To the fullest extent
permitted by law, each Obligor hereby releases the Agent and each Lender, and
its successors and assigns, from any liability for any act or omission relating
to this Security Agreement or the Collateral, except for any liability arising
from the negligence or willful misconduct of the Agent, or such Lender, or its
officers, employees or agents.
15. Notices. All notices required or permitted to be given under
this Security Agreement shall be in conformance with Section 11.1 of the Credit
Agreement.
16. Counterparts. This Security Agreement may be executed in any
number of counterparts, each of which where so executed and delivered shall be
an original, but all of which shall constitute one and the same instrument. It
shall not be necessary in making proof of this Security Agreement to produce or
account for more than one such counterpart.
13
E-213
<PAGE> 214
17. Headings. The headings of the sections and subsections hereof
are provided for convenience only and shall not in any way affect the meaning
or construction of any provision of this Security Agreement.
18. Governing Law; Submission to Jurisdiction; Venue.
(a) THIS SECURITY AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE
COMMONWEALTH OF VIRGINIA. Any legal action or proceeding with respect
to this Security Agreement may be brought in the courts of the State
of North Carolina in Mecklenburg County, or of the United States for
the Western District of North Carolina, and, by execution and delivery
of this Security Agreement, each of the Obligors hereby irrevocably
accepts for itself and in respect of its property, generally and
unconditionally, the nonexclusive jurisdiction of such courts. Each
of the Obligors further irrevocably consents to the service of process
out of any of the aforementioned courts in any such action or
proceeding by the mailing of copies thereof by registered or certified
mail, postage prepaid, to it at the address set out for notices
pursuant to Section 11.1 of the Credit Agreement, such service to
become effective 30 days after such mailing. Nothing herein shall
affect the right of the Agent to serve process in any other manner
permitted by law or to commence legal proceedings or to otherwise
proceed against any Obligor in any other jurisdiction.
(b) Each of the Obligors hereby irrevocably waives any
objection which it may now or hereafter have to the laying of venue of
any of the aforesaid actions or proceedings arising out of or in
connection with this Security Agreement brought in the courts referred
to in subsection (a) hereof and hereby further irrevocably waives and
agrees not to plead or claim in any such court that any such action or
proceeding brought in any such court has been brought in an
inconvenient forum.
(c) TO THE EXTENT PERMITTED BY LAW, EACH OF THE AGENT AND
EACH OF THE OBLIGORS HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS SECURITY AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY.
19. Severability. If any provision of any of the Security Agreement
is determined to be illegal, invalid or unenforceable, such provision shall be
fully severable and the remaining provisions shall remain in full force and
effect and shall be
14
E-214
<PAGE> 215
construed without giving effect to the illegal, invalid or unenforceable
provisions.
20. Entirety. This Security Agreement and the other Credit Documents
represent the entire agreement of the parties hereto and thereto, and supersede
all prior agreements and understandings, oral or written, if any, including any
commitment letters or correspondence relating to the Credit Documents or the
transactions contemplated herein and therein.
21. Survival. All representations and warranties of the Obligors
hereunder shall survive the execution and delivery of this Security Agreement
and the other Credit Documents, the delivery of the Notes and the making of the
Loans and the issuance of the Letters of Credit under the Credit Agreement.
22. Other Security. To the extent that any of the Secured
Obligations are now or hereafter secured by Property other than the Collateral
(including, without limitation, real property and securities owned by an
Obligor), or by a guarantee, endorsement or Property of any other Person, then
the Agent and the Lenders shall have the right to proceed against such other
property, guarantee or endorsement upon the occurrence of any Event of Default,
and the Agent and the Lenders have the right, in their sole discretion, to
determine which rights, security, liens, security interests or remedies the
Agent and the Lenders shall at any time pursue, relinquish, subordinate, modify
or take with respect thereto, without in any way modifying or affecting any of
them or any of the Agent's and the Lenders' rights or the Secured Obligations
under this Security Agreement or under any other of the Credit Documents.
23. Joint and Several Obligations of Obligors. All payment
obligations of the Obligors hereunder shall be joint and several.
24. Rights of Required Lenders. All rights of the Agent hereunder,
if not exercised by the Agent, may be exercised by the Required Lenders.
15
E-215
<PAGE> 216
Each of the parties hereto has caused a counterpart of this Security
Agreement to be duly executed and delivered as of the date first above written.
BORROWER:
GENICOM CORPORATION
By
-----------------------------
Title
--------------------------
GUARANTORS:
GENICOM INTERNATIONAL HOLDINGS CORPORATION
By
----------------------------
Title
-------------------------
GENICOM INTERNATIONAL SALES CORPORATION
By
----------------------------
Title
-------------------------
DELMARVA TECHNOLOGIES CORPORATION
By
----------------------------
Title
-------------------------
RASTEK CORPORATION
By
----------------------------
Title
-------------------------
[Signatures continued]
16
E-216
<PAGE> 217
ENTERPRISING SERVICE SOLUTIONS CORPORATION
By
----------------------------
Title
-------------------------
PRINTER SYSTEMS CORPORATION
By
----------------------------
Title
-------------------------
THE PRINTER CONNECTION, INC.
By
----------------------------
Title
-------------------------
PRINTER SYSTEMS INTERNATIONAL, LTD.
By
----------------------------
Title
-------------------------
Accepted and agreed to as of the date first above written.
NATIONSBANK OF TEXAS, N.A.
By
--------------------------
Title:
17
E-217
<PAGE> 218
SCHEDULE 1
to Security Agreement
CHIEF EXECUTIVE OFFICES
18
E-218
<PAGE> 219
SCHEDULE 2
to Security Agreement
TYPE AND LOCATIONS OF COLLATERAL
19
E-219
<PAGE> 220
SCHEDULE 3
to Security Agreement
MERGERS, CONSOLIDATIONS, CHANGE IN STRUCTURE
OR USE OF TRADENAMES
20
E-220
<PAGE> 221
SCHEDULE 4
to
Security Agreement
dated as of January 12, 1996
in favor of NationsBank of Texas, N.A.,
as Agent
Specific Patents and Patent Applications Assigned
(Not Inclusive)
21
E-221
<PAGE> 222
SCHEDULE 5
to
Security Agreement
dated as of January 12, 1996
in favor of NationsBank of Texas, N.A.,
as Agent
Specific Trademarks and Trademark Applications Assigned
(Not Inclusive)
22
E-222
<PAGE> 223
SCHEDULE 6
to
Security Agreement
dated as of January 12, 1996
in favor of NationsBank of Texas, N.A.,
as Agent
NOTICE
OF
GRANT OF SECURITY INTEREST
IN
PATENTS
United States Patent and Trademark Office
Gentlemen:
Please be advised that pursuant to the Security Agreement dated as of January
12, 1996 (the "Security Agreement") by and among the Obligors party thereto
(each and "Obligor" and collectively, the "Obligors") and NationsBank of Texas,
N.A., as Agent (the "Agent") for the lenders referenced therein (the
"Lenders"), the undersigned Obligor has granted a continuing security interest
in and continuing lien upon, the patents and patent applications shown below to
the Agent for the ratable benefit of the Lenders:
PATENTS
- -------------------------------------------------------------------------------
Patent No.
Patent Applications
- -------------------------------------------------------------------------------
Patent Applications No.
23
E-223
<PAGE> 224
The assignment of and security interest in the attached Patents and Patent
Applications can be terminated only in accordance with the terms of the
Security Agreement.
Very truly yours,
----------------------------------
[Obligor]
By
-------------------------------
Title:
Acknowledged and Accepted:
NATIONSBANK OF TEXAS, N.A.
Agent
By
---------------------------
Title:
24
E-224
<PAGE> 225
STATE OF
----------------------
COUNTY OF
---------------------
I, ___________________________________, a Notary Public of the County
and State aforesaid, certify that __________________, personally came before me
this day and acknowledged that (s)he is ____________Secretary of
___________________________, a _______________________ corporation, and that by
authority duly given and as the act of the corporation, the foregoing
instrument was signed in its name by its _________ President, sealed with its
corporate seal and attested by _________________ as its ________________
Secretary.
WITNESS my hand and official stamp or seal, this _____ day of
___________, 199_.
---------------------------------
Notary Public
My Commission Expires:
- ----------------------
(Notary Seal)
25
E-225
<PAGE> 226
STATE OF
----------------------
COUNTY OF
---------------------
I, ___________________________________, a Notary Public of the County
and State aforesaid, certify that __________________, personally came before me
this day and acknowledged that (s)he is _________ NationsBank of Texas, N.A., a
national banking association, and that by authority duly given and as the act
of the association, the foregoing instrument was signed in its name by its
_________ Vice President, sealed with its bank seal and attested by
_________________ as its ________________ Secretary.
WITNESS my hand and official stamp or seal, this _____ day of
___________, 199_.
---------------------------------
Notary Public
My Commission Expires:
- ----------------------
(Notary Seal)
26
E-226
<PAGE> 227
SCHEDULE 7
to
Security Agreement
dated as of January 12, 1996
in favor of NationsBank of Texas, N.A.,
as Agent
NOTICE
OF
GRANT OF SECURITY INTEREST
IN
TRADEMARKS
United States Patent and Trademark Office
Gentlemen:
Please be advised that pursuant to the Security Agreement dated as of January
12, 1996 (the "Security Agreement") by and among the Obligors party thereto
(each an "Obligor" and collectively, the "Obligors") and NationsBank of Texas,
N.A., as Agent (the "Agent") for the lenders referenced therein (the
"Lenders"), the undersigned Obligor has granted a continuing security interest
in and continuing lien upon, the trademarks and trademark applications shown
below to the Agent for the ratable benefit of the Lenders:
TRADEMARKS
- -------------------------------------
Trademark No.
Trademark Applications
- -------------------------------------------
Trademark Applications No.
27
E-227
<PAGE> 228
The assignment of and security interest in the attached Trademarks and
Trademark Applications can be terminated only in accordance with the terms of
the Security Agreement.
Very truly yours,
--------------------------------
[Obligor]
By
-----------------------------
Title:
Acknowledged and Accepted:
NATIONSBANK OF TEXAS, N.A.
Agent
By
-------------------------------
Title:
28
E-228
<PAGE> 229
STATE OF
----------------------
COUNTY OF
---------------------
I, ___________________________________, a Notary Public of the County
and State aforesaid, certify that __________________, personally came before me
this day and acknowledged that (s)he is ____________Secretary of
___________________________, a _______________________ corporation, and that by
authority duly given and as the act of the corporation, the foregoing
instrument was signed in its name by its _________ President, sealed with its
corporate seal and attested by _________________ as its ________________
Secretary.
WITNESS my hand and official stamp or seal, this _____ day of
___________, 199_.
---------------------------------
Notary Public
My Commission Expires:
- ----------------------
(Notary Seal)
29
E-229
<PAGE> 230
STATE OF
----------------------
COUNTY OF
---------------------
I, ___________________________________, a Notary Public of the County
and State aforesaid, certify that __________________, personally came before me
this day and acknowledged that (s)he is _________ NationsBank of Texas, N.A., a
national banking association, and that by authority duly given and as the act
of the association, the foregoing instrument was signed in its name by its
_________ Vice President, sealed with its bank seal and attested by
_________________ as its ________________ Secretary.
WITNESS my hand and official stamp or seal, this _____ day of
___________, 199_.
---------------------------------
Notary Public
My Commission Expires:
- ----------------------
(Notary Seal)
30
E-230
<PAGE> 231
SCHEDULE 1.1F-1
FORM OF U.K. SECURITY AGREEMENT - GENICOM CORPORATION
GENICOM CORPORATION
- and -
NATIONSBANK OF TEXAS, N.A.
DEBENTURE
Berwin Leighton
Adelaide House
London Bridge
London EC4R 9HA
Ref: majn/m985/2/c4
31
E-231
<PAGE> 232
TABLE OF CONTENTS
<TABLE>
<S> <C>
1. INTERPRETATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2. COVENANT TO PAY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
3. FIXED SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. CONTINUING SECURITY, ETC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
5. REPRESENTATIONS AND WARRANTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
6. GENERAL UNDERTAKINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7. WHEN SECURITY BECOMES ENFORCEABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
8. ENFORCEMENT OF SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
9. RECEIVER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10. APPLICATION OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
11. NO LIABILITY AS MORTGAGEE IN POSSESSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
12. PROTECTION OF THIRD PARTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
13. EXPENSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
14. DELEGATION BY AGENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15. FURTHER ASSURANCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16. REDEMPTION OF PRIOR SECURITY INTERESTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
17. POWER OF ATTORNEY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
18. NEW ACCOUNTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
19. COUNTERPARTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
20. WAIVERS AND REMEDIES AND PARTIAL INVALIDITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
21. AMENDMENTS; WAIVERS; MODIFICATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
22. SUCCESSORS IN INTEREST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
23. NOTICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
24. H.M. LAND REGISTRY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
25. RIGHTS OF REQUIRED LENDERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
26. COVENANT TO RELEASE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
27. GOVERNING LAW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
28. JURISDICTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
</TABLE>
1
E-232
<PAGE> 233
THIS DEBENTURE is made the 12th day of January 1996
BETWEEN:
1. GENICOM CORPORATION, a Delaware corporation (the "BORROWER") of
14800 Conference Center Drive, Suite 400, Westfields, Chantilly,
Virginia 22021-3806 United States of America; and
2. NATIONSBANK OF TEXAS, N.A. in its capacity as agent for the
lenders (the "LENDERS") from time to time party to the Credit
Agreement described below (the "AGENT") acting through its office
at 901 Main Street, Floor 67, Dallas, Texas 75202 United States
of America.
NOW THIS DEED WITNESSETH as follows:
1. INTERPRETATION
1.1 Definitions
In this Deed:
"CREDIT AGREEMENT" means the credit agreement dated as of the
date hereof (as amended, modified, extended, renewed or replaced
from time to time) among the Borrower, the Lenders, the Agent and
the other parties thereto;
"DEBTS" has the meaning given in Clause 3.1(iv);
"DEFAULT RATE" means, in relation to any outstanding amount owed
by the Borrower, the default rate of interest provided for by the
terms of Section 3.1 of the Credit Agreement;
"INSURANCES" means all contracts and policies of insurance of
whatever nature which are from time to time taken out by or on
behalf of the Borrower or (to the extent of such interest) in
which the Borrower has an interest, in each case, which could
relate to, or have any bearing on, any property owned by the
Borrower situate in England and Wales, any proceeds thereof, all
rights to demand the same and the debts represented thereby;
"MORTGAGED PROPERTY" means any freehold or leasehold property for
the time being comprised in the definition of "Security Assets";
"PREMISES" means all buildings and erections for the time being
comprised within the definition of "Security Assets";
"RECEIVER" means a receiver and manager, a receiver or manager
appointed under this Deed and, as the context permits, shall
include an administrative receiver as defined in the Insolvency
Act 1986;
"SECURED OBLIGATIONS" means:
(a) the prompt performance and observance by the Borrower
of all obligations of the Borrower under the Credit
Agreement, the Notes, the Security Agreement and the
other Credit Documents to which the Borrower is a party
(including this Deed);
1
E-233
<PAGE> 234
(b) all other indebtedness, liabilities and obligations of
any kind or nature, now existing or hereafter arising,
owing from any Credit Party to any Lender or the Agent,
arising under the Credit Documents, whether primary,
secondary, direct, contingent, or joint and several;
and
(c) all liabilities and obligations, now existing or
hereafter arising, owing from any Credit Party to any
Lender or any affiliate of a Lender arising under
interest rate protection agreements, foreign currency
exchange, commodity purchase or option agreements or
other interest or exchange rate or commodity price
hedging agreements;
"SECURITY ASSETS" means, subject as herein provided, all property
assets and undertaking of the Borrower which are expressed to be
the subject of any Security Interest created hereby or pursuant
hereto;
"SECURITY INTEREST" means any mortgage, pledge, lien, charge,
security assignment, hypothecation, security trust or security
interest;
"SECURITY PERIOD" means the period beginning on the date hereof
and ending on the date upon which all the Secured Obligations
have been unconditionally and irrevocably paid and discharged in
full and no more may arise on the terms of the Credit Documents
and the Security Interests hereby created have been
unconditionally and irrevocably released and discharged.
1.2 Construction
1.2.1 In this Deed unless the contrary intention appears, a reference
to:
a "CLAUSE" or a "SCHEDULE" is a reference to a clause hereof or a
schedule hereto;
a "PERSON" shall be construed as a reference to an individual,
firm, company, corporation, government, state or agency of a
state or any association or partnership (whether or not having
separate legal personality) of two or more of the foregoing;
a "REGULATION" includes any regulation, rule, official directive,
request or guideline (whether or not having the force of law) of
any governmental body, agency, department or regulatory,
self-regulatory or other authority or organisation;
1.2.2 As used herein, "INCLUDING" and "IN PARTICULAR" shall be
construed as not limiting any general words or expressions in
connection with which it is used.
1.2.3 The index to and the headings in this Deed are for convenience
only and are to be ignored in construing this Deed.
1.3 Terms defined elsewhere
2
E-234
<PAGE> 235
Save as expressly herein defined or where the context otherwise
requires, terms defined and expressions and references construed
in the Credit Agreement or, if not defined in the Credit
Agreement, the Security Agreement (as defined in the Credit
Agreement) shall have the same meanings and construction herein.
1.4 Law of Property (Miscellaneous Provisions) Act 1989
The terms of any other agreement, documents and side letters
between the parties hereto are incorporated herein to the extent
required for any purported disposition of the Mortgaged Property
contained herein to be a valid disposition in accordance with
Section 2(1) of the Law of Property (Miscellaneous Provisions)
Act 1989.
1.5 Obligations of the Borrower
Any obligation of the Borrower hereunder to do something shall
include an obligation to procure that the same is done and any
obligation not to do something shall include an obligation not to
permit, suffer or allow the same to be done.
1.6 Deed
It is intended by the parties hereto that this document shall
take effect as a deed notwithstanding the fact that the Agent may
only execute this document under hand.
2. COVENANT TO PAY
The Borrower hereby as primary obligor covenants with the Agent
that it will pay or discharge the Secured Obligations on the due
date(s) therefor. Any amount not paid hereunder when due shall
bear interest (as well after as before judgment, payable on
demand and compounded monthly) at the relevant Default Rate from
the due date until the date such amount is unconditionally and
irrevocably paid and discharged in full.
3. FIXED SECURITY
3.1 Grant of fixed security
The Borrower with full title guarantee, as security for the
payment of all Secured Obligations (whether now existing or
hereafter incurred):
3.1.0.0(i) charges in favour of the Agent (in its
capacity as agent for the Lenders from time
to time party to the Credit Agreement) by way
of a first legal mortgage all estates and
interests in any freehold or leasehold
property in England and Wales now belonging
to it together with all buildings thereon,
the proceeds of sale of all or any part
thereof and the benefit of any covenants for
title given or entered into by any
predecessor in title of the Borrower and any
moneys paid or payable in respect of such
covenants;
3.1.0.0(ii) charges to the Agent (in its capacity, as
aforesaid) by way of first fixed charge all
plant and machinery situate in
3
E-235
<PAGE> 236
England and Wales now or in the future owned
by the Borrower and its interest in any
plant or machinery in its possession;
3.1.0.0(iii) assigns to the Agent (in its capacity, as
aforesaid) by way of first ranking absolute
assignment (subject to the proviso
hereinafter contained) all of the Insurances;
3.1.0.0(iv) assigns to the Agent (in its capacity, as
aforesaid) by way of first ranking absolute
assignment (subject to the proviso
hereinafter contained) all of the Borrower's
present and future book and other debts, the
proceeds of and the right to demand the same
and all other moneys due and owing to the
Borrower or which may become due and owing to
it at any time in the future, in each case,
the original underlying debt of which,
relates in any way to England and Wales, and
the benefit of all rights, securities and
guarantees of any nature whatsoever now or at
any time enjoyed or held by it in relation to
any of the foregoing ("DEBTS").
3.2 Proviso for reassignment
The assignments by the Borrower in Clause 3.1 are subject to the
proviso that following the end of the Security Period the Agent
shall reassign to the Borrower or other person entitled thereto
(without recourse or warranty and at the Borrower's expense) the
subject matter of those assignments or, as the case may be, the
balance thereof or other property or assets representing the
same.
3.3 Floating charge
The Borrower with full title guarantee, as security for the
payment and performance of the Secured Obligations, charges in
favour of the Agent (in its capacity, as aforesaid) by way of
first floating charge all its undertaking and assets in England
and Wales whatsoever and wheresoever both present and future not
otherwise effectively mortgaged, charged by way of fixed charge,
or assigned by this Deed.
3.4 Conversion of floating charges
3.4.1 The Agent by notice to the Borrower may convert the floating
charge hereby created into a specific charge as regards all or
any of the Borrower's assets specified in the notice if:
3.4.1.0()(a) any Event of Default has occurred and is
continuing; or
3.4.1.0()(b) the Agent considers such assets to be in
danger of being seized or sold under any form
of distress, attachment, execution or other
legal process or to be otherwise in jeopardy.
3.4.2 The floating charge hereby created shall (in addition to the
circumstances in which the same will occur under general law)
automatically be converted into a fixed charge:
4
E-236
<PAGE> 237
3.4.2.0(i) on the appointment of a trustee in
bankruptcy, liquidator or similar officer to
the Borrower; or
3.4.2.0(ii) on the making of any order or the passing of
any resolution of the Borrower for the
liquidation, winding-up or dissolution of the
Borrower; or
3.4.2.0(iii) on the appointment by the Agent of a Receiver
or Receivers of the whole or any part of the
Security Assets.
3.4.3 Service by the Agent of a notice pursuant to Clause 3.4.1 in
relation to any class of the Borrower's assets shall not be
construed as a waiver or abandonment of the Agent's rights to
serve similar notices in respect of any other class of assets or
of any other of the rights of the Agent.
4. CONTINUING SECURITY, ETC.
4.1 Continuing security
The Security Interests constituted hereby shall be continuing and
will extend to the ultimate balance of the Secured Obligations,
regardless of any intermediate payment or discharge in whole or
in part.
4.2 Preservation of Security
If for any reason the Security Interests constituted hereby cease
to be a continuing security such Security Interests shall remain
effective as security in respect of the Secured Obligations at
the date of such cessation regardless of any subsequent increase
or reduction in the amounts of any sums constituting Secured
Obligations.
4.3 Reinstatement
Where any discharge (whether in respect of the obligations of the
Borrower or any security for those obligations or otherwise) is
made in whole or in part or any arrangement is made on the faith
of any payment, security or other disposition which is avoided or
must be restored on insolvency, liquidation or otherwise without
limitation, the liability of the Borrower under this Deed shall
continue as if the discharge or arrangement had not occurred.
The Agent may concede or compromise any claim that any present
security or other disposition is liable to avoidance or
restoration.
4.4 Non-merger
Each part of the security hereby created shall be in addition to
and shall not operate so as in any way to prejudice or affect (or
be prejudiced or affected by) the security created by any deposit
which may already have been or may hereafter be made with the
Agent (in whatever branch or office) of any title deeds and
documents (whether relating to the Mortgaged Property or
otherwise) or by any bill note guarantee mortgage charge pledge
or other security or remedy or lien on any property (whether real
personal or in action) which the Agent (in whatever branch or
office) may now or at any time hereafter hold for or
5
E-237
<PAGE> 238
in respect of the Secured Obligations to the intent that the
security hereby created shall not merge therein nor shall any
such security merge herein.
5. REPRESENTATIONS AND WARRANTIES
The Borrower hereby represents and warrants to the Agent, for the
benefit of the Lenders, that so long as the Credit Agreement is
in effect or any amounts payable thereunder or under any other
Credit Document or any Letter of Credit shall remain outstanding,
and until all of the Commitments thereunder shall have
terminated:
5.0.0.0(i) the Borrower is the legal and beneficial
owner of the Security Assets and has the
right to pledge, sell, assign, or transfer
the same; and
5.0.0.0(ii) this Deed creates a valid security interest
in favour of the Agent, for the benefit of
the Lenders, in the Security Assets of the
Borrower and, when properly perfected, shall
constitute a valid perfected Security
Interest in such Security Assets, free and
clear of all Liens except for Permitted
Liens.
6. GENERAL UNDERTAKINGS
6.1 Duration
The undertakings in this Clause are given in favour of the Agent
(in its capacity, as aforesaid) and shall remain in force
throughout the Security Period.
6.2 Negative pledge
The Borrower shall not create or permit to subsist any Security
Interest on any Security Asset except for Permitted Liens.
6.3 Disposals
The Borrower shall not, either in a single transaction or in a
series of transactions, whether related or not and whether
voluntarily or involuntarily, sell, transfer, grant or lease or
otherwise dispose of, or create any interest in, all or any part
of the Security Assets, nor agree to do any of the foregoing,
save that:
6.3.0.0(i) without prejudice to Clause 6.2 (Negative
pledge), this Clause does not apply to any
disposal which constitutes the creation of a
Security Interest;
6.3.0.0(ii) the Borrower may, subject as herein provided,
pay money to the Agent on account of the
Lenders in or towards satisfaction of any of
the Secured Obligations; and
6.3.0.0(iii) the Borrower may sell, transfer, grant or
lease or otherwise dispose of assets which
are the subject of an uncrystallised
6
E-238
<PAGE> 239
floating charge hereunder in the ordinary
course of its business and as permitted under
the Credit Agreement.
6.4 Collection of Debts
6.4.1 Unless the Agent otherwise agrees in writing (and then only on
such terms and in such manner as the Agent may require) the
Borrower shall at all times during the Security Period collect,
get in and realise all Debts as soon as reasonably practicable
from time to time as the same become receivable by the Borrower,
as soon as reasonably practicable pay the proceeds of such
getting in and realisation of such Debts into such account as the
Agent may from time to time specify in writing to the Borrower
(the "DEBT PROCEEDS ACCOUNT"), and hold the proceeds of such
getting in and realisation thereof (until payment into the Debt
Proceeds Account as hereinafter provided) upon trust for the
Agent.
6.4.2 Without prejudice to Clause 15 (Further assurances), the Borrower
shall as soon as practicable if and whenever requested by the
Agent to do so give notice to any tenants or other debtors of the
Borrower as the Agent may specify in respect of any Debts of the
existence of the security hereby created in favour of the Agent
and irrevocably instruct them to make all payments in respect of
the Debts directly to the Agent or to the Debts Proceeds Account,
and/or as soon as practicable execute and deliver an absolute
legal assignment of any such Debts as the Agent may specify in
favour of the Agent (subject to the proviso for reassignment set
out in Clause 3.2 (Proviso for reassignment)).
6.4.3 The Borrower shall not at any time during the Security Period
without the prior written consent of the Agent deal with the
Debts otherwise than by getting in and realising the same and
making payment thereof into the Debt Proceeds Account. Without
prejudice to the generality of the foregoing, the Borrower shall
not at any such time factor, discount, or otherwise assign any of
the Debts or agree or purport to do so.
6.5 Preservation of Security Assets
The Borrower shall keep the Security Assets in good order,
condition and repair and shall not use such Security Assets in
violation of the provisions of this Deed or any other agreement
relating to such Security Assets or any policy insuring the
Security Assets or any applicable statute, law, bylaw, rule,
regulation or ordinance.
6.6 Inspection
The Borrower shall upon reasonable notice, and during reasonable
hours, at all times allow the Agent or its representatives to
visit and inspect the Security Assets of the Borrower and the
books and records relating thereto and otherwise cooperate with
and promptly respond to the reasonable requests of the Agent or
its representatives with respect thereto.
6.7 Insurance
7
E-239
<PAGE> 240
The Borrower shall insure the Security Assets as set forth in the
Credit Agreement. In case of any material loss, damage to or
destruction of the Security Assets of the Borrower or any part
thereof, the Borrower shall promptly give written notice thereof
to the Agent generally describing the nature and extent of such
damage or destruction. In case of any loss, damage to or
destruction of the Security Assets of the Borrower or any part
thereof, the Borrower, whether or not the insurance proceeds, if
any, received on account of such damage or destruction shall be
sufficient for that purpose, at the Borrower's cost and expense,
will promptly repair or replace the Security Assets of the
Borrower so lost, damaged or destroyed; provided, however, that
the Borrower need not repair or replace the Security Assets of
the Borrower so lost, damaged or destroyed to the extent the
failure to make such repair or replacement (i) is desirable to
the proper conduct of the business of the Borrower in the
ordinary course and otherwise in the best interest of the
Borrower and (ii) would not materially impair the rights and
benefits of the Agent or the Lenders under this Deed or any other
Credit Document. In the event the Borrower shall receive any
proceeds of such insurance in a net amount in excess of
US$1,000,000, (or its equivalent in sterling) the Borrower will
immediately pay over such proceeds to the Agent, for payment on
the Secured Obligations; provided, however, that the Agent agrees
to release such insurance proceeds to the Borrower for
replacement or restoration of the portion of the Security Assets
of the Borrower lost, damaged or destroyed if, but only if, (A)
no Default or Event of Default shall have occurred and be
continuing at the time of release, (B) written application for
such release is received by the Agent from the Borrower within 30
days of receipt of such proceeds and (C) the Agent has received
evidence reasonably satisfactory to it that the Security Assets
lost, damaged or destroyed have been or will be replaced or
restored to their condition immediately prior to the loss,
destruction or other event giving rise to the payment of such
insurance proceeds. All insurance proceeds shall be subject to
the Security Interest of the Agent hereunder.
7. WHEN SECURITY BECOMES ENFORCEABLE
The security constituted hereby shall become immediately
enforceable upon any of the Secured Obligations not being paid in
full when due or upon the occurrence of an Event of Default under
and as defined in the Credit Agreement, and the power of sale and
other powers conferred by Section 101 of the Law of Property Act,
1925 as varied or amended by this Deed shall be immediately
exercisable upon and at any time thereafter. After the security
constituted hereby has become enforceable, the Agent may in its
absolute discretion enforce all or any part of such security in
such manner as it sees fit.
8. ENFORCEMENT OF SECURITY
8.1 Statutory powers
For the purposes of all powers implied by statute the Secured
Obligations shall be deemed to have become due and payable when
the security hereby created becomes enforceable and Section 103
of the Law of Property Act 1925 (restricting the power of sale)
and Section 93 of the same Act
8
E-240
<PAGE> 241
(restricting the right of consolidation) shall not apply to this
security. The statutory powers of leasing conferred on the Agent
shall be extended so as to authorise the Agent to lease, make
agreements for leases, accept surrenders of leases and grant
options as the Agent shall think fit and without the need to
comply with any of the provisions of sections 99 and 100 of the
said Act.
8.2 Application of receipts
For all purposes of this Deed, all moneys received, recovered or
realised by the Agent from the Borrower or any other person in
respect of the Secured Obligations may be applied in any manner
or in any order as the Agent may in its absolute discretion
determine, notwithstanding any appropriation or purported
appropriation thereof by any person.
9. RECEIVER
9.1 Appointment of Receiver
At any time after this security becomes enforceable or if the
Borrower so requests the Agent in writing at any time, the Agent
may without further notice appoint under seal or in writing under
its hand any one or more qualified persons to be a Receiver of
all or any part of the Security Assets in like manner in every
respect as if the Agent had become entitled under the Law of
Property Act 1925 to exercise the power of sale thereby
conferred. In this Clause "QUALIFIED PERSON" means a person who,
under the Insolvency Act 1986, is qualified to act as a receiver
of the property of any company with respect to which he is
appointed or (as the case may require) an administrative receiver
of any such company.
9.2 Powers of Receiver
Every Receiver appointed in accordance with Clause 9.1 shall have
and be entitled to exercise all of the powers set out in Clause
9.3 in addition to those conferred by the Law of Property Act
1925 on any receiver appointed thereunder. A Receiver who is an
administrative receiver of the Borrower shall have all the powers
of an administrative receiver under the Insolvency Act 1986. If
at any time there is more than one Receiver of all or any part of
the Security Assets, each such Receiver may (unless otherwise
stated in any document appointing him) exercise all of the powers
conferred on a Receiver under this Deed individually and to the
exclusion of each other Receiver. Any Receiver may, in its
absolute discretion, choose whether, and if so when, or not to
exercise any of such powers and the Borrower recognises that a
Receiver may do so notwithstanding that the same may be
prejudicial to its interests and in this respect the Borrower
hereby waives to the fullest extent permissible any rights it may
otherwise have under Section 91(2) of the Law of Property act
1925.
9.3 The powers referred to in the first sentence of Clause 9.2 are:
9.3.0.0(i) Take possession: to take immediate possession
of, get in and collect the Security Assets or any
part thereof;
9
E-241
<PAGE> 242
9.3.0.0(ii) Carry on Business: to carry on the business of
the Borrower as he may think fit;
9.3.0.0(iii) Protection of assets: to make and effect all
repairs and insurances and do all other acts for
the protection as for the improvement of the
Security Assets and to commence and/or complete
any building operations on the Mortgaged Property
and to apply for and maintain any planning
permissions, building regulation approvals and any
other permissions, consents or licences, in each
case as he may in his absolute discretion think
fit;
9.3.0.0(iv) Employees: to appoint and discharge managers,
officers, agents, accountants, servants, workmen
and others for the purposes hereof upon such terms
as to remuneration or otherwise as he may think
proper and to discharge any such persons appointed
by the Borrower;
9.3.0.0(v) Borrow money: for the purpose of exercising any
of the powers, authorities and discretions
conferred on him by or pursuant to this Deed
and/or of defraying any costs, charges, losses or
expenses (including his remuneration) which shall
be incurred by him in the exercise thereof or for
any other purpose, to raise and borrow money
either unsecured or on the security of the
Security Assets or any part thereof either in
priority to the security constituted by this Deed
or otherwise and generally on such terms and
conditions as he may think fit and no person
lending such money shall be concerned to enquire
as to the propriety or purpose of the exercise of
such power or to see to the application of any
money so raised or borrowed;
9.3.0.0(vi) Sell assets: to sell, exchange, convert into
money and realise or otherwise howsoever dispose
of all or any part of the Security Assets by
public auction or private contract and generally
in such manner and on such terms as he shall think
proper. Without prejudice to the generality of
the foregoing he may do any of these things for a
consideration or for a nil consideration
consisting of cash, debentures or other
obligations, shares, stock or other valuable
consideration and any such consideration may be
payable in a lump sum or by instalments spread
over such period as he may think fit. Fixtures,
other than landlords fixtures, may be severed and
sold separately from the property containing them
without the consent of the Borrower. Any such
sale, exchange, conversion or realisation and
disposal may be on terms excluding or restricting
the liability of the Agent or the Receiver;
9.3.0.0(vii) Leases: to let or licence all or any part of the
Security Assets for such term and at such rent or
licence fee (with or without a premium) as he may
think proper and to vary and/or accept a surrender
of any lease or tenancy or licence thereof on such
terms
10
E-242
<PAGE> 243
as he may think fit (including the payment of
money to a lessee or tenant or licensee on a
surrender) and so that for the purposes of Section
99(2) of the Law of Property Act 1925 the
expression "mortgagor" shall include an
encumbrancer deriving title under the Borrower;
9.3.0.0(viii) Compromise: to settle, adjust, refer to
arbitration, compromise and arrange any claims,
accounts, disputes, questions and demands with or
by any person who is or claims to be a creditor of
the Borrower or relating in any way to the
Security Assets or any part thereof;
9.3.0.0(ix) Legal actions: to bring, prosecute, enforce,
defend and abandon all such actions, suits and
proceedings in relation to the Security Assets or
any part thereof as may seem to him to be
expedient;
9.3.0.0(x) Receipts: to give valid receipts for all moneys
and execute all assurances and things which may be
proper or desirable for realising the Security
Assets;
9.3.0.0(xi) Subsidiaries: to form a subsidiary or
subsidiaries of the Borrower and transfer to any
such subsidiary all or any part of the Security
Assets; and
9.3.0.0(xii) Registered office: to change the registered
office of the Borrower;
9.3.0.0(xiii) Contracts: to enter into, perform, repudiate,
rescind, vary, modify, assign, sub-let or novate
any contract, agreement option, agreement,
building contract, professional appointment or
otherwise for or which relates in any way to the
Security Assets or any part thereof or in relation
to the exercise of any of the powers of the
receiver herein contained and to appoint hire and
employ and to remunerate such contractors,
advisers, professionals, agents, servants,
attendants, managers, officers, workmen and others
upon such terms and at such salaries, fees or
remuneration and generally in such manner as he
shall think fit and to discharge any such persons;
9.3.0.0(xiv) Proceedings: to take any proceedings whether in
the name of the Borrower or otherwise as the
receiver may think fit and whether relating to any
of the matters herein contained or otherwise and
to make any arrangement or compromise which he may
think expedient;
9.3.0.0(xv) Indemnity: to take any indemnity from the
Borrower from and against all actions, claims,
expenses, demands and liabilities whether arising
out of the contract or out of tort or in any other
way incurred by him or by any manager, agent,
officer, servant or workman or other person for
whose
11
E-243
<PAGE> 244
debt, default or miscarriage he may be answerable
for anything done or omitted to be done in the
exercise or purported exercise of his powers
hereunder or under any appointment duly made under
the provisions of this Clause and if he thinks
fit, but without prejudice to the foregoing, to
effect with any insurance company or office or
underwriters any policy or policies of insurance
either in lieu or satisfaction of or in addition
to such indemnity from the Borrower;
9.3.0.0(xvi) General powers: to do all such other acts and
things as he may consider desirable or necessary
for realising the Security Assets or any part
thereof or incidental or conducive to any of the
matters, powers or authorities conferred on a
Receiver under or by virtue of this Deed, to
exercise in relation to the Security Assets or any
part thereof all such powers, authorities and
things as he would be capable of exercising if he
were the absolute beneficial owner of the same and
to use the name of the Borrower for all or any of
such purposes.
9.4 Removal and remuneration
The Agent may from time to time by writing under its hand
(subject to any requirement for an order of the court in the case
of an administrative receiver) remove any Receiver appointed by
it and may, whenever it may deem it expedient, appoint a new
Receiver in the place of any Receiver whose appointment may for
any reason have terminated and may from time to time fix the
remuneration of any Receiver appointed by it.
9.5 Agent may exercise
To the fullest extent permitted by law, all or any of the powers,
authorities and discretions which are conferred by this Deed
(either expressly or implied) upon a Receiver of the Security
Assets may be exercised after the security hereby created becomes
enforceable by the Agent in relation to the whole of such
Security Assets or any part thereof without first appointing a
Receiver of such property or any part thereof or notwithstanding
the appointment of a Receiver of such property or any part
thereof.
10. APPLICATION OF PROCEEDS
Any moneys received by the Agent or by any Receiver appointed by
it pursuant to this Deed and/or under the powers hereby conferred
shall, after the security hereby constituted shall have become
enforceable but subject to the payment of any claims having
priority to this security and to the Agent's and such Receiver's
rights under Clause 8.2 (Application of receipts), be applied by
the Agent in reduction of the Secured Obligations in such order
and manner as set forth in Section 3.15(c) of the Credit
Agreement, and the Borrower irrevocably waives the right to
direct the application of such payments and proceeds and
acknowledges and agrees that the Agent shall have the continuing
and
12
E-244
<PAGE> 245
exclusive right to apply and reapply any and all such payments
and proceeds in the Agent's sole discretion, notwithstanding any
entry to the contrary upon any of its books and records. The
Borrower shall remain liable to the Lenders for any deficiency.
11. NO LIABILITY AS MORTGAGEE IN POSSESSION
The Agent shall not nor shall any Receiver appointed as aforesaid
by reason of it or the Receiver entering into possession of the
Security Assets or any part thereof be liable to account as
mortgagee in possession or be liable for any loss on realisation
or for any default or omission for which a mortgagee in
possession might be liable. Every Receiver duly appointed by the
Agent under the powers in that behalf herein contained shall be
deemed to be the agent of the Borrower for all purposes and shall
as such for all purposes be deemed to be in the same position as
a Receiver duly appointed by a mortgagee under the Law of
Property Act 1925. The Borrower alone shall be responsible for
his contracts, engagements, acts, omissions, defaults and losses
and for liabilities incurred by him and the Agent shall not incur
any liability therefor either to the Borrower nor to any other
person whatsoever by reason of the Agent's making his appointment
as such Receiver or for any other reason whatsoever. Every such
Receiver and the Agent shall be entitled to all the rights,
powers, privileges and immunities by the said Act conferred on
mortgagees and receivers when such receivers have been duly
appointed under the said Act but so that Section 103 of that Act
shall not apply.
12. PROTECTION OF THIRD PARTIES
No purchaser, mortgagee or other person or company dealing with
the Agent or the Receiver or its or his agents shall be concerned
to enquire whether the Secured Obligations have become payable or
whether any power which the Agent or the Receiver is purporting
to exercise has become exercisable or whether any of the Secured
Obligations remain outstanding or to see to the application of
any money paid to the Agent or to such Receiver.
13. EXPENSES
13.1 Undertaking to pay
All reasonable costs, charges and expenses incurred and all
reasonable payments made by the Agent or any Receiver appointed
hereunder in the lawful exercise of the powers hereby conferred
whether or not occasioned by any act, neglect or default of the
Borrower shall carry interest (as well after as before judgement)
at the relevant Default Rate from the date of the same being
incurred or becoming payable until the date the same are
unconditionally and irrevocably paid and discharged in full. The
amount of all such costs, charges, expenses and payments and all
such interest thereon and all remuneration payable hereunder
shall be payable by the Borrower on demand. All such costs,
charges, expenses and payments shall be paid and charged as
between the Agent and the Borrower on the basis of a full
indemnity and not on the basis of any other kind of taxation.
13
E-245
<PAGE> 246
13.2 Indemnity
The Agent and every Receiver, attorney, manager, agent or other
person appointed by the Agent hereunder shall be entitled to be
indemnified by the Borrower and out of the Security Assets in
respect of all liabilities and expenses properly incurred by them
in the execution or purported execution of any of the powers,
authorities or discretions vested in them pursuant hereto and
against all actions, proceedings, costs, claims and demands in
respect of any matter or thing properly done or omitted in any
way relating to the Security Assets and the Agent and any such
Receiver may retain and pay all sums in respect of the same out
of any moneys received under the powers hereby conferred.
14. DELEGATION BY AGENT
The Agent may at any time and from time to time delegate by power
of attorney or in any other manner to any person or persons all
or any of the powers, authorities and discretions which are for
the time being exercisable by the Agent under this Deed in
relation to the Security Assets or any part thereof. Any such
delegation may be made upon such terms (including power to
sub-delegate) and subject to such regulations as the Agent may
think fit. The Agent shall not be in any way liable or
responsible to the Borrower for any loss or damage arising from
any act, default, omission or misconduct on the part of any such
delegate or sub-delegate, save to the extent that (but for such
delegation) the Agent would have been liable hereunder for any
loss or damage arising from such action, default, omission or
misconduct by itself.
15. FURTHER ASSURANCES
The Borrower shall at its own expense execute and do all such
assurances, acts and things as the Agent may require for
perfecting the Security Interests intended to be created hereby
over the Security Assets or any part thereof or for facilitating
the realisation of the Security Assets or any part thereof and in
the exercise of all powers, authorities and discretions vested in
the Agent or any Receiver of the Security Assets or any part
thereof or in any such delegate or sub-delegate as aforesaid. To
that intent the Borrower shall in particular but without
limitation execute all transfers, conveyances, assignments and
assurances of the Security Assets or any part hereof whether to
the Agent or to its nominees and give all notices, orders and
directions and make all registrations which the Agent may think
expedient. Without prejudice to the generality of the foregoing,
the Borrower will forthwith at the request of the Agent execute a
legal mortgage, charge or assignment over all or any of the
Security Assets subject to or intended to be subject to any fixed
security hereby created in favour of the Agent in such form as
the Agent may require in the form of this Deed mutatis mutandis,
incorporating such amendments as the Agent may require having
regard to the nature of the asset, the Security Interest to be
created and any change in law.
16. REDEMPTION OF PRIOR SECURITY INTERESTS
The Agent may, at any time after the security hereby constituted
has become enforceable, redeem any prior Security Interest
against the
14
E-246
<PAGE> 247
Security Assets or any part thereof or procure the transfer
thereof to itself and may settle and pass the accounts of the
prior mortgagee, chargee or encumbrancer. Any accounts so
settled and passed shall be conclusive and binding on the
Borrower except in the case of manifest error. All principal
moneys, interest, costs, charges and expenses of and incidental
to such redemption and transfer shall be paid by the Borrower to
the Agent as soon as practicable.
17. POWER OF ATTORNEY
The Borrower hereby by way of security and in order more fully to
secure the performance of its obligations hereunder irrevocably
appoints the Agent and every Receiver of the Security Assets or
any part thereof appointed hereunder and every such delegate or
sub-delegate as aforesaid to be its attorney acting severally,
and on its behalf and in its name or otherwise, to execute and do
all such assurances, acts and things upon the occurrence and
during the continuance of an Event of Default which the Borrower
ought to do under the covenants and provisions contained in this
Deed (including, without limitation, to make any demand upon or
to give any notice or receipt to any person owing moneys to the
Borrower and to execute and deliver any charges, legal mortgages,
assignments or other security and any transfers of securities)
and generally in its name and on its behalf to exercise all or
any of the powers, authorities and discretions conferred by or
pursuant to this Deed or by statute on the Agent or any such
Receiver, delegate or sub-delegate and (without prejudice to the
generality of the foregoing) to sell and deliver and otherwise
perfect any deed, assurance, agreement, instrument or act which
it or he may deem proper in or for the purpose of exercising any
of such powers, authorities and discretions. The Borrower hereby
ratifies and confirms and agrees to ratify and confirm whatever
any such attorney as is mentioned in this Clause 17 (Power of
Attorney) shall do or purport to do in the exercise or purported
exercise of all or any of the powers, authorities and discretions
referred to in such Clause.
18. NEW ACCOUNTS
If the Agent receives or is deemed to be affected by notice
whether actual or constructive of any subsequent charge or other
interest affecting any part of the Security Assets and/or the
proceeds of sale thereof, the Agent may open a new account or
accounts in the name of the Borrower. If the Agent does not open
a new account it shall nevertheless be treated as if it had done
so at the time when it received or was deemed to have received
notice and as from that time all payments made to the Agent shall
be credited or be treated as having been credited to the new
account and shall not operate to reduce the amount for which this
Deed is security.
19. COUNTERPARTS
This Deed may be executed in any number of counterparts and this
will have the same effect as if the signatures on the
counterparts were on a single copy of this Deed.
20. WAIVERS AND REMEDIES AND PARTIAL INVALIDITY
15
E-247
<PAGE> 248
20.1 Remedies and waivers
No failure to exercise, nor any delay in exercising, on the part
of the Agent any right or remedy under this Deed shall operate as
a waiver thereof, nor shall any single or partial exercise by the
Agent of any right or remedy prevent any further or other right
or remedy. The rights and remedies of the Agent in this Deed are
cumulative and not exclusive of any rights or remedies provided
by law.
20.2 Partial invalidity
If, at any time, any provision hereof is or becomes illegal,
invalid or unenforceable in any respect under the law of any
jurisdiction, the legality, validity or enforceability of the
remaining provisions hereof and the legality, validity or
enforceability of such provision under the law of any other
jurisdiction shall not in any way be affected or impaired
thereby.
21. AMENDMENTS; WAIVERS; MODIFICATIONS
This Deed and the provisions hereof may not be amended, waived,
modified, changed, discharged or terminated except as set forth
in Section 11.6 of the Credit Agreement.
22. SUCCESSORS IN INTEREST
This Deed shall create a continuing security interest in the
Security Assets and shall be binding upon the Borrower, its
successors and assigns and shall inure, together with the rights
and remedies of the Agent and the Lenders hereunder, to the
benefit of the Agent and the Lenders and their successors and
assigns; provided, however, that the Borrower may not assign its
rights or delagate its duties hereunder without the prior written
consent of the Agent. To the fullest extent permitted by law,
the Borrower hereby releases the Agent and each Lender, and its
successors and assigns, from any liability for any act or
omission relating to this Deed or the Security Assets, except for
any liability arising from the negligence or wilful misconduct of
the Agent, or such Lender, or its officers, employees or agents.
23. NOTICES
All notices required or permitted to be given under this Deed
shall be in conformance with Section 11.1 of the Credit
Agreement.
24. H.M. LAND REGISTRY
In respect of the Mortgaged Property the title to which is
registered at H.M. Land Registry and in respect of any other
registered title(s) against which this Deed may be noted the
Borrower hereby applies to the Chief Land Registrar for a
restriction in the following terms to be entered on the Register
of Title relating thereto:
16
E-248
<PAGE> 249
"Except under an order of the Registrar, no disposition or
dealing by the proprietor of the land is to be registered without
the consent of the proprietor for the time being of the Deed
dated 12 January 1996 between Genicom Corporation and NationsBank
of Texas, N.A. as Agent"
25. RIGHTS OF REQUIRED LENDERS
All rights of the Agent hereunder, if not exercised by the Agent,
may be exercised by the Required Lenders.
26. COVENANT TO RELEASE
Upon the expiry of the Security Period (but not otherwise), the
Agent shall, at the request and cost of the Borrower, execute and
do all such deeds, acts and things as may be necessary to release
the Security Assets from the security constituted hereby.
27. GOVERNING LAW
This Deed is governed by and shall be construed in accordance
with English law.
28. JURISDICTION
28.1 Submission to jurisdiction
Each of the parties irrevocably agrees for the benefit of the
Agent that the courts of England shall have jurisdiction to hear
and determine any suit, action or proceeding, and to settle any
disputes, which may arise out of or in connection with this Deed
and, for such purposes, irrevocably submits to the jurisdiction
of such courts.
28.2 Waiver of objections
The Borrower irrevocably waives any objection which it might now
or hereafter have to the courts referred to in Clause 28.1 being
nominated as the forum to hear and determine any suit, action or
proceeding and to settle any disputes, which may arise out of or
in connection with this Deed and agrees not to claim that any
such court is not a convenient or appropriate forum.
28.3 Proceedings in other jurisdictions
The submission to the jurisdiction of the courts referred to in
Clause 28.1 shall not (and shall not be construed so as to) limit
the right of the Agent or the Lenders to take proceedings against
the Borrower in any other court of competent jurisdiction nor
shall the taking of proceedings in any one or more jurisdictions
preclude the taking of proceedings in any other jurisdiction,
whether concurrently or not.
28.4 Process Agent
Without prejudice to the other rights of the Agent or the
Lenders, the Borrower agrees that the process by which any suit,
action or proceeding
17
E-249
<PAGE> 250
is begun may be served on it by being delivered to Genicom
Limited at Unit B13, Armstrong Mall, Southwood, Farnborough,
Hampshire, GU14 ONR its principal place of business in England
for the time being (Attention: Angela Jones).
28.5 Waiver of immunity
To the extent that the Borrower may in any jurisdiction claim for
itself or its assets immunity from suit, execution, attachment
(whether in aid of execution, before judgment or otherwise) or
other legal process and to the extent that in any such
jurisdiction there may be attributed to itself or its assets such
immunity (whether or not claimed), the Borrower irrevocably
agrees not to claim and hereby irrevocably waives such immunity
to the full extent permitted by the laws of such jurisdiction.
DELIVERED as a deed on the date first above written.
18
E-250
<PAGE> 251
EXECUTION
- -----------------------------------------------------------------------
THE BORROWER
EXECUTED as a deed by )
GENICOM CORPORATION acting by )
Authorised signatory:
...................................
Full Name:
...................................
Authorised signatory:
...................................
Full Name:
...................................
THE AGENT
NATIONSBANK OF TEXAS, N.A.
By:
...................................
Full Name:
...................................
19
E-251
<PAGE> 252
SCHEDULE 1.1F-2
FORM OF U.K. SECURITY AGREEMENT - GENICOM LTD.
GENICOM LIMITED
- and -
NATIONSBANK OF TEXAS, N.A.
DEBENTURE
Berwin Leighton
Adelaide House
London Bridge
London EC4R 9HA
Ref: majn/m985/2/f2
1
E-252
<PAGE> 253
TABLE OF CONTENTS
<TABLE>
<S> <C>
1. INTERPRETATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2. COVENANT TO PAY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
3. FIXED SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. CONTINUING SECURITY, ETC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5. REPRESENTATIONS AND WARRANTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6. GENERAL UNDERTAKINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
7. WHEN SECURITY BECOMES ENFORCEABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
8. ENFORCEMENT OF SECURITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
9. RECEIVER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
10. APPLICATION OF PROCEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11. NO LIABILITY AS MORTGAGEE IN POSSESSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
12. PROTECTION OF THIRD PARTIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
13. EXPENSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
14. DELEGATION BY AGENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
15. FURTHER ASSURANCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
16. REDEMPTION OF PRIOR SECURITY INTERESTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
17. POWER OF ATTORNEY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
18. NEW ACCOUNTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
19. COUNTERPARTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
20. WAIVERS AND REMEDIES AND PARTIAL INVALIDITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
21. AMENDMENTS; WAIVERS; MODIFICATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
22. SUCCESSORS IN INTEREST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
23. NOTICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
24. H.M. LAND REGISTRY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
25. RIGHTS OF REQUIRED LENDERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
26. COVENANT TO RELEASE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
27. GOVERNING LAW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
SCHEDULE 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
</TABLE>
2
E-253
<PAGE> 254
THIS DEBENTURE is made the 12th day of January 1996
BETWEEN:
1. GENICOM LIMITED, registered in England and Wales (Registered No.
1231361) (the "CHARGOR") of Unit B13, Armstrong Mall, Southwood,
Farnborough, Hampshire GU14 ONR, England; and
2. NATIONSBANK OF TEXAS, N.A. in its capacity as agent for the
lenders (the "LENDERS") from time to time party to the Credit
Agreement described below (the "AGENT") acting through its office
at 901 Main Street, Floor 67, Dallas, Texas 75202 United States
of America.
NOW THIS DEED WITNESSETH as follows:
1. INTERPRETATION
1.1 Definitions
In this Deed:
"BORROWER" means Genicom Corporation, a Delaware Corporation of
14800 Conference Center Drive, Suite 400, Westfields, Chantilly,
Virginia 22021-3806, United State of America;
"CREDIT AGREEMENT" means the credit agreement dated as of the
date hereof (as amended, modified, extended, renewed or replaced
from time to time) among the Borrower, the Lenders, the Agent and
the other parties thereto;
"DEFAULT RATE" means, in relation to any outstanding amount owed
by the Chargor, the default rate of interest provided for by the
terms of Section 3.1 of the Credit Agreement;
"MORTGAGED PROPERTY" means the freehold/leasehold property
specified in Schedule 1;
"PREMISES" means all buildings and erections for the time being
comprised within the definition of "Security Assets";
"RECEIVER" means a receiver and manager, a receiver or manager
appointed under this Deed and, as the context permits, shall
include an administrative receiver as defined in the Insolvency
Act 1986;
"SECURED OBLIGATIONS" means:
(a) the prompt performance and observance by the Borrower
of all obligations of the Borrower under the Credit
Agreement, the Notes, the Security Agreement and the
other Credit Documents to which the Borrower is a
party;
(b) all other indebtedness, liabilities and obligations of
any kind or nature, now existing or hereafter arising,
owing from any Credit Party or the Chargor to any
Lender or the Agent, arising under the Credit
Documents, whether primary, secondary, direct,
contingent, or joint and several; and
1
E-254
<PAGE> 255
(c) all liabilities and obligations, now existing or
hereafter arising, owing from any Credit Party or the
Chargor to any Lender or any affiliate of a Lender
arising under interest rate protection agreements,
foreign currency exchange, commodity purchase or option
agreements or other interest or exchange rate or
commodity price hedging agreements;
"SECURITY ASSETS" means, subject as herein provided, all property
assets and undertaking of the Chargor which are expressed to be
the subject of any Security Interest created hereby or pursuant
hereto;
"SECURITY INTEREST" means any mortgage, pledge, lien, charge,
security assignment, hypothecation, security trust or security
interest;
"SECURITY PERIOD" means the period beginning on the date hereof
and ending on the date upon which all the Secured Obligations
have been unconditionally and irrevocably paid and discharged in
full and no more may arise on the terms of the Credit Documents
and the Security Interests hereby created have been
unconditionally and irrevocably released and discharged.
1.2 Construction
1.2.1 In this Deed unless the contrary intention appears, a reference
to:
a "CLAUSE" or a "SCHEDULE" is a reference to a clause hereof or a
schedule hereto;
a "PERSON" shall be construed as a reference to an individual,
firm, company, corporation, government, state or agency of a
state or any association or partnership (whether or not having
separate legal personality) of two or more of the foregoing;
a "REGULATION" includes any regulation, rule, official directive,
request or guideline (whether or not having the force of law) of
any governmental body, agency, department or regulatory,
self-regulatory or other authority or organisation;
1.2.2 As used herein, "INCLUDING" and "IN PARTICULAR" shall be
construed as not limiting any general words or expressions in
connection with which it is used.
1.2.3 The index to and the headings in this Deed are for convenience
only and are to be ignored in construing this Deed.
1.3 Terms defined elsewhere
Save as expressly herein defined or where the context otherwise
requires, terms defined and expressions and references construed
in the Credit Agreement or, if not defined in the Credit
Agreement, the Security Agreement (as defined in the Credit
Agreement) shall have the same meanings and construction herein.
2
E-255
<PAGE> 256
1.4 Law of Property (Miscellaneous Provisions) Act 1989
The terms of any other agreement, documents and side letters
between the parties hereto are incorporated herein to the extent
required for any purported disposition of the Mortgaged Property
contained herein to be a valid disposition in accordance with
Section 2(1) of the Law of Property (Miscellaneous Provisions)
Act 1989.
1.5 Obligations of the Chargor
Any obligation of the Chargor hereunder to do something shall
include an obligation to procure that the same is done and any
obligation not to do something shall include an obligation not to
permit, suffer or allow the same to be done.
1.6 Deed
It is intended by the parties hereto that this document shall
take effect as a deed notwithstanding the fact that the Agent may
only execute this document under hand.
2. COVENANT TO PAY
The Chargor hereby as primary obligor covenants with the Agent
that it will pay or discharge the Secured Obligations on the due
date(s) therefor provided that the total amount recoverable from
the Chargor under this Clause shall be limited to an amount equal
to the recourse which the Agent and the Lenders have to the
Security Assets. Any amount not paid hereunder when due shall
bear interest (as well after as before judgment, payable on
demand and compounded monthly) at the relevant Default Rate from
the due date until the date such amount is unconditionally and
irrevocably paid and discharged in full.
3. FIXED SECURITY
The Chargor, as security for the payment of all Secured
Obligations (whether now existing or hereafter incurred):
3.0.0.0(i) agrees to charge in favour of the Agent (in
its capacity as agent for the Lenders from
time to time party to the Credit Agreement)
by way of a first legal mortgage each and all
of the Mortgaged Property together with all
buildings thereon, the proceeds of sale of
all or any part thereof and the benefit of
any covenants for title given or entered into
by any predecessor in title of the Chargor
and any moneys paid or payable in respect of
such covenants immediately the respective
landlord's licence under each of the leases
specified in Schedule 1 is obtained, such
charge or charges to be in form and substance
satisfactory to the Agent; and
3.0.0.0(ii) charges to the Agent (in its capacity, as
aforesaid) by way of first fixed charge all
plant and machinery situate on the Mortgaged
Property now or in the future owned by the
Chargor and its interest in any plant or
machinery in its possession.
3
E-256
<PAGE> 257
4. CONTINUING SECURITY, ETC.
4.1 Continuing security
The Security Interests constituted hereby shall be continuing and
will extend to the ultimate balance of the Secured Obligations,
regardless of any intermediate payment or discharge in whole or
in part.
4.2 Preservation of Security
If for any reason the Security Interests constituted hereby cease
to be a continuing security such Security Interests shall remain
effective as security in respect of the Secured Obligations at
the date of such cessation regardless of any subsequent increase
or reduction in the amounts of any sums constituting Secured
Obligations.
4.3 Reinstatement
Where any discharge (whether in respect of the obligations of the
Chargor or any security for those obligations or otherwise) is
made in whole or in part or any arrangement is made on the faith
of any payment, security or other disposition which is avoided or
must be restored on insolvency, liquidation or otherwise without
limitation, the liability of the Chargor under this Deed shall
continue as if the discharge or arrangement had not occurred.
The Agent may concede or compromise any claim that any present
security or other disposition is liable to avoidance or
restoration.
4.4 Non-merger
Each part of the security hereby created shall be in addition to
and shall not operate so as in any way to prejudice or affect (or
be prejudiced or affected by) the security created by any deposit
which may already have been or may hereafter be made with the
Agent (in whatever branch or office) of any title deeds and
documents (whether relating to the Mortgaged Property or
otherwise) or by any bill note guarantee mortgage charge pledge
or other security or remedy or lien on any property (whether real
personal or in action) which the Agent (in whatever branch or
office) may now or at any time hereafter hold for or in respect
of the Secured Obligations to the intent that the security hereby
created shall not merge therein nor shall any such security merge
herein.
5. REPRESENTATIONS AND WARRANTIES
The Chargor hereby represents and warrants to the Agent, for the
benefit of the Lenders, that so long as the Credit Agreement is
in effect or any amounts payable thereunder or under any other
Credit Document or any Letter of Credit shall remain outstanding,
and until all of the Commitments thereunder shall have
terminated:
5.0.0.0(i) the Chargor is the legal and beneficial owner
of the Security Assets and has the right to
pledge, sell, assign, or transfer the same;
and
4
E-257
<PAGE> 258
5.0.0.0(ii) this Deed creates a valid security interest
in favour of the Agent, for the benefit of
the Lenders, in the Security Assets of the
Chargor and, when properly perfected, shall
constitute a valid perfected Security
Interest in such Security Assets, free and
clear of all Liens except for Permitted
Liens.
6. GENERAL UNDERTAKINGS
6.1 Duration
The undertakings in this Clause are given in favour of the Agent
(in its capacity, as aforesaid) and shall remain in force
throughout the Security Period.
6.2 Negative pledge
The Chargor shall not create or permit to subsist any Security
Interest on any of the Security Assets except for Permitted
Liens.
6.3 Disposals
The Chargor shall not, either in a single transaction or in a
series of transactions, whether related or not and whether
voluntarily or involuntarily, sell, transfer, grant or lease or
otherwise dispose of, or create any interest in the Security
Assets.
6.4 Preservation of Security Assets
The Chargor shall keep the Security Assets in good order,
condition and repair and shall not use such Security Assets in
violation of the provisions of this Deed or any other agreement
relating to such Security Assets or any policy insuring the
Security Assets or any applicable statute, law, bylaw, rule,
regulation or ordinance.
6.5 Inspection
The Chargor shall upon reasonable notice, and during reasonable
hours, at all times allow the Agent or its representatives to
visit and inspect the Security Assets of the Chargor and the
books and records relating thereto and otherwise cooperate with
and promptly respond to the reasonable requests of the Agent or
its representatives with respect thereto.
6.6 Mortgaged Property
The Chargor shall use its best endeavours to obtain the requisite
licences of the landlord's under the leases specified in Schedule
1 to charge the leases to the Agent in accordance with the terms
of this Deed and in the meantime shall deposit the leases and all
documents supplemental to them with the Agent.
7. WHEN SECURITY BECOMES ENFORCEABLE
The security constituted hereby shall become immediately
enforceable upon any of the Secured Obligations not being paid in
full when due or upon
5
E-258
<PAGE> 259
the occurrence of an Event of Default under and as defined in the
Credit Agreement, and the power of sale and other powers
conferred by Section 101 of the Law of Property Act, 1925 as
varied or amended by this Deed shall be immediately exercisable
upon and at any time thereafter. After the security constituted
hereby has become enforceable, the Agent may in its absolute
discretion enforce all or any part of such security in such
manner as it sees fit.
8. ENFORCEMENT OF SECURITY
8.1 Statutory powers
For the purposes of all powers implied by statute the Secured
Obligations shall be deemed to have become due and payable when
the security hereby created becomes enforceable and Section 103
of the Law of Property Act 1925 (restricting the power of sale)
and Section 93 of the same Act (restricting the right of
consolidation) shall not apply to this security. The statutory
powers of leasing conferred on the Agent shall be extended so as
to authorise the Agent to lease, make agreements for leases,
accept surrenders of leases and grant options as the Agent shall
think fit and without the need to comply with any of the
provisions of sections 99 and 100 of the said Act.
8.2 Application of receipts
For all purposes of this Deed, all moneys received, recovered or
realised by the Agent from the Chargor or any other person in
respect of the Secured Obligations may be applied in any manner
or in any order as the Agent may in its absolute discretion
determine, notwithstanding any appropriation or purported
appropriation thereof by any person.
9. RECEIVER
9.1 Appointment of Receiver
At any time after this security becomes enforceable or if the
Chargor so requests the Agent in writing at any time, the Agent
may without further notice appoint under seal or in writing under
its hand any one or more qualified persons to be a Receiver of
all or any part of the Security Assets in like manner in every
respect as if the Agent had become entitled under the Law of
Property Act 1925 to exercise the power of sale thereby
conferred. In this Clause "QUALIFIED PERSON" means a person who,
under the Insolvency Act 1986, is qualified to act as a receiver
of the property of any company with respect to which he is
appointed or (as the case may require) an administrative receiver
of any such company.
9.2 Powers of Receiver
Every Receiver appointed in accordance with Clause 9.1 shall have
and be entitled to exercise all of the powers set out in Clause
9.3 in addition to those conferred by the Law of Property Act
1925 on any receiver appointed thereunder. A Receiver who is an
administrative receiver of the Chargor shall have all the powers
of an administrative receiver under the Insolvency Act 1986. If
at any time there is more than one Receiver of all or any part of
the Security Assets, each such Receiver may (unless
6
E-259
<PAGE> 260
otherwise stated in any document appointing him) exercise all of
the powers conferred on a Receiver under this Deed individually
and to the exclusion of each other Receiver. Any Receiver may,
in its absolute discretion, choose whether, and if so when, or
not to exercise any of such powers and the Chargor recognises
that a Receiver may do so notwithstanding that the same may be
prejudicial to its interests and in this respect the Chargor
hereby waives to the fullest extent permissible any rights it may
otherwise have under Section 91(2) of the Law of Property act
1925.
9.3 The powers referred to in the first sentence of Clause 9.2 are:
9.3.0.0(i) Take possession: to take immediate possession
of, get in and collect the Security Assets or any
part thereof;
9.3.0.0(ii) Carry on Business: to carry on the business of
the Chargor as he may think fit;
9.3.0.0(iii) Protection of assets: to make and effect all
repairs and insurances and do all other acts for
the protection as for the improvement of the
Security Assets and to commence and/or complete
any building operations on the Mortgaged Property
and to apply for and maintain any planning
permissions, building regulation approvals and any
other permissions, consents or licences, in each
case as he may in his absolute discretion think
fit;
9.3.0.0(iv) Employees: to appoint and discharge managers,
officers, agents, accountants, servants, workmen
and others for the purposes hereof upon such terms
as to remuneration or otherwise as he may think
proper and to discharge any such persons appointed
by the Chargor;
9.3.0.0(v) Borrow money: for the purpose of exercising any
of the powers, authorities and discretions
conferred on him by or pursuant to this Deed
and/or of defraying any costs, charges, losses or
expenses (including his remuneration) which shall
be incurred by him in the exercise thereof or for
any other purpose, to raise and borrow money
either unsecured or on the security of the
Security Assets or any part thereof either in
priority to the security constituted by this Deed
or otherwise and generally on such terms and
conditions as he may think fit and no person
lending such money shall be concerned to enquire
as to the propriety or purpose of the exercise of
such power or to see to the application of any
money so raised or borrowed;
9.3.0.0(vi) Sell assets: to sell, exchange, convert into
money and realise or otherwise howsoever dispose
of all or any part of the Security Assets by
public auction or private contract and generally
in such manner and on such terms as he shall think
proper. Without prejudice to the generality of
the foregoing he may do any of these things for a
consideration or for a nil consideration
consisting of cash, debentures or
7
E-260
<PAGE> 261
other obligations, shares, stock or other valuable
consideration and any such consideration may be
payable in a lump sum or by instalments spread
over such period as he may think fit. Fixtures,
other than landlords fixtures, may be severed and
sold separately from the property containing them
without the consent of the Chargor. Any such
sale, exchange, conversion or realisation and
disposal may be on terms excluding or restricting
the liability of the Agent or the Receiver;
9.3.0.0(vii) Leases: to let or licence all or any part of the
Security Assets for such term and at such rent or
licence fee (with or without a premium) as he may
think proper and to vary and/or accept a surrender
of any lease or tenancy or licence thereof on such
terms as he may think fit (including the payment
of money to a lessee or tenant or licensee on a
surrender) and so that for the purposes of Section
99(2) of the Law of Property Act 1925 the
expression "mortgagor" shall include an
encumbrancer deriving title under the Chargor;
9.3.0.0(viii) Compromise: to settle, adjust, refer to
arbitration, compromise and arrange any claims,
accounts, disputes, questions and demands with or
by any person who is or claims to be a creditor of
the Chargor or relating in any way to the Security
Assets or any part thereof;
9.3.0.0(ix) Legal actions: to bring, prosecute, enforce,
defend and abandon all such actions, suits and
proceedings in relation to the Security Assets or
any part thereof as may seem to him to be
expedient;
9.3.0.0(x) Receipts: to give valid receipts for all moneys
and execute all assurances and things which may be
proper or desirable for realising the Security
Assets;
9.3.0.0(xi) Subsidiaries: to form a subsidiary or
subsidiaries of the Chargor and transfer to any
such subsidiary all or any part of the Security
Assets; and
9.3.0.0(xii) Registered office: to change the registered
office of the Chargor;
9.3.0.0(xiii) Contracts: to enter into, perform, repudiate,
rescind, vary, modify, assign, sub-let or novate
any contract, agreement option, agreement,
building contract, professional appointment or
otherwise for or which relates in any way to the
Security Assets or any part thereof or in relation
to the exercise of any of the powers of the
receiver herein contained and to appoint hire and
employ and to remunerate such contractors,
advisers, professionals, agents, servants,
attendants, managers, officers, workmen and others
upon such terms and at such salaries, fees or
8
E-261
<PAGE> 262
remuneration and generally in such manner as he
shall think fit and to discharge any such persons;
9.3.0.0(xiv) Proceedings: to take any proceedings whether in
the name of the Chargor or otherwise as the
receiver may think fit and whether relating to any
of the matters herein contained or otherwise and
to make any arrangement or compromise which he may
think expedient;
9.3.0.0(xv) Indemnity: to take any indemnity from the
Chargor from and against all actions, claims,
expenses, demands and liabilities whether arising
out of the contract or out of tort or in any other
way incurred by him or by any manager, agent,
officer, servant or workman or other person for
whose debt, default or miscarriage he may be
answerable for anything done or omitted to be done
in the exercise or purported exercise of his
powers hereunder or under any appointment duly
made under the provisions of this Clause and if he
thinks fit, but without prejudice to the
foregoing, to effect with any insurance company or
office or underwriters any policy or policies of
insurance either in lieu or satisfaction of or in
addition to such indemnity from the Chargor;
9.3.0.0(xvi) General powers: to do all such other acts and
things as he may consider desirable or necessary
for realising the Security Assets or any part
thereof or incidental or conducive to any of the
matters, powers or authorities conferred on a
Receiver under or by virtue of this Deed, to
exercise in relation to the Security Assets or any
part thereof all such powers, authorities and
things as he would be capable of exercising if he
were the absolute beneficial owner of the same and
to use the name of the Chargor for all or any of
such purposes.
9.4 Removal and remuneration
The Agent may from time to time by writing under its hand
(subject to any requirement for an order of the court in the case
of an administrative receiver) remove any Receiver appointed by
it and may, whenever it may deem it expedient, appoint a new
Receiver in the place of any Receiver whose appointment may for
any reason have terminated and may from time to time fix the
remuneration of any Receiver appointed by it.
9.5 Agent may exercise
To the fullest extent permitted by law, all or any of the powers,
authorities and discretions which are conferred by this Deed
(either expressly or implied) upon a Receiver of the Security
Assets may be exercised after the security hereby created becomes
enforceable by the Agent in relation to the whole of such
Security Assets or any part
9
E-262
<PAGE> 263
thereof without first appointing a Receiver of such property or
any part thereof or notwithstanding the appointment of a Receiver
of such property or any part thereof.
10. APPLICATION OF PROCEEDS
Any moneys received by the Agent or by any Receiver appointed by
it pursuant to this Deed and/or under the powers hereby conferred
shall, after the security hereby constituted shall have become
enforceable but subject to the payment of any claims having
priority to this security and to the Agent's and such Receiver's
rights under Clause 8.2 (Application of receipts), be applied by
the Agent in reduction of the Secured Obligations in such order
and manner as set forth in Section 3.15(c) of the Credit
Agreement, and the Chargor irrevocably waives the right to direct
the application of such payments and proceeds and acknowledges
and agrees that the Agent shall have the continuing and exclusive
right to apply and reapply any and all such payments and proceeds
in the Agent's sole discretion, notwithstanding any entry to the
contrary upon any of its books and records.
11. NO LIABILITY AS MORTGAGEE IN POSSESSION
The Agent shall not nor shall any Receiver appointed as aforesaid
by reason of it or the Receiver entering into possession of the
Security Assets or any part thereof be liable to account as
mortgagee in possession or be liable for any loss on realisation
or for any default or omission for which a mortgagee in
possession might be liable. Every Receiver duly appointed by the
Agent under the powers in that behalf herein contained shall be
deemed to be the agent of the Chargor for all purposes and shall
as such for all purposes be deemed to be in the same position as
a Receiver duly appointed by a mortgagee under the Law of
Property Act 1925. The Chargor alone shall be responsible for his
contracts, engagements, acts, omissions, defaults and losses and
for liabilities incurred by him and the Agent shall not incur any
liability therefor either to the Chargor nor to any other person
whatsoever by reason of the Agent's making his appointment as
such Receiver or for any other reason whatsoever. Every such
Receiver and the Agent shall be entitled to all the rights,
powers, privileges and immunities by the said Act conferred on
mortgagees and receivers when such receivers have been duly
appointed under the said Act but so that Section 103 of that Act
shall not apply.
12. PROTECTION OF THIRD PARTIES
No purchaser, mortgagee or other person or company dealing with
the Agent or the Receiver or its or his agents shall be concerned
to enquire whether the Secured Obligations have become payable or
whether any power which the Agent or the Receiver is purporting
to exercise has become exercisable or whether any of the Secured
Obligations remain outstanding or to see to the application of
any money paid to the Agent or to such Receiver.
13. EXPENSES
13.1 Undertaking to pay
10
E-263
<PAGE> 264
All reasonable costs, charges and expenses incurred and all
reasonable payments made by the Agent or any Receiver appointed
hereunder in the lawful exercise of the powers hereby conferred
whether or not occasioned by any act, neglect or default of the
Chargor shall carry interest (as well after as before judgement)
at the relevant Default Rate from the date of the same being
incurred or becoming payable until the date the same are
unconditionally and irrevocably paid and discharged in full. The
amount of all such costs, charges, expenses and payments and all
such interest thereon and all remuneration payable hereunder
shall be payable by the Chargor on demand. All such costs,
charges, expenses and payments shall be paid and charged as
between the Agent and the Chargor on the basis of a full
indemnity and not on the basis of any other kind of taxation.
13.2 Indemnity
The Agent and every Receiver, attorney, manager, agent or other
person appointed by the Agent hereunder shall be entitled to be
indemnified by the Chargor and out of the Security Assets in
respect of all liabilities and expenses properly incurred by them
in the execution or purported execution of any of the powers,
authorities or discretions vested in them pursuant hereto and
against all actions, proceedings, costs, claims and demands in
respect of any matter or thing properly done or omitted in any
way relating to the Security Assets and the Agent and any such
Receiver may retain and pay all sums in respect of the same out
of any moneys received under the powers hereby conferred.
14. DELEGATION BY AGENT
The Agent may at any time and from time to time delegate by power
of attorney or in any other manner to any person or persons all
or any of the powers, authorities and discretions which are for
the time being exercisable by the Agent under this Deed in
relation to the Security Assets or any part thereof. Any such
delegation may be made upon such terms (including power to
sub-delegate) and subject to such regulations as the Agent may
think fit. The Agent shall not be in any way liable or
responsible to the Chargor for any loss or damage arising from
any act, default, omission or misconduct on the part of any such
delegate or sub-delegate, save to the extent that (but for such
delegation) the Agent would have been liable hereunder for any
loss or damage arising from such action, default, omission or
misconduct by itself.
15. FURTHER ASSURANCES
The Chargor shall at its own expense execute and do all such
assurances, acts and things as the Agent may require for
perfecting the Security Interests intended to be created hereby
over the Security Assets or any part thereof or for facilitating
the realisation of the Security Assets or any part thereof and in
the exercise of all powers, authorities and discretions vested in
the Agent or any Receiver of the Security Assets or any part
thereof or in any such delegate or sub-delegate as aforesaid. To
that intent the Chargor shall in particular but without
limitation execute all transfers, conveyances, assignments and
assurances of the Security Assets or any part hereof whether to
the Agent or to its nominees and give all notices, orders and
directions and
11
E-264
<PAGE> 265
make all registrations which the Agent may think expedient.
Without prejudice to the generality of the foregoing, the Chargor
will (a) forthwith at the request of the Agent execute a legal
mortgage, charge or assignment over all or any of the Security
Assets subject to or intended to be subject to any fixed security
hereby created in favour of the Agent in such form as the Agent
may require in the form of this Deed mutatis mutandis,
incorporating such amendments as the Agent may require having
regard to the nature of the asset, the Security Interest to be
created and any change in law and (b) as soon as practicable
after the date hereof and in any event not later than 30 April
1996 the Chargor shall, unless in any such case the Chargor is
unable after good faith efforts to do so, cause to be delivered
to the Agent, in form and substance reasonably satisfactory to
the Agent, such letters, consents and waivers as may be required
by the Agent from the landlords of the Mortgaged Property.
16. REDEMPTION OF PRIOR SECURITY INTERESTS
The Agent may, at any time after the security hereby constituted
has become enforceable, redeem any prior Security Interest
against the Security Assets or any part thereof or procure the
transfer thereof to itself and may settle and pass the accounts
of the prior mortgagee, chargee or encumbrancer. Any accounts so
settled and passed shall be conclusive and binding on the Chargor
except in the case of manifest error. All principal moneys,
interest, costs, charges and expenses of and incidental to such
redemption and transfer shall be paid by the Chargor to the Agent
as soon as practicable.
17. POWER OF ATTORNEY
The Chargor hereby by way of security and in order more fully to
secure the performance of its obligations hereunder irrevocably
appoints the Agent and every Receiver of the Security Assets or
any part thereof appointed hereunder and every such delegate or
sub-delegate as aforesaid to be its attorney acting severally,
and on its behalf and in its name or otherwise, to execute and do
all such assurances, acts and things upon the occurrence and
during the continuance of an Event of Default which the Chargor
ought to do under the covenants and provisions contained in this
Deed (including, without limitation, to make any demand upon or
to give any notice or receipt to any person owing moneys to the
Chargor and to execute and deliver any charges, legal mortgages,
assignments or other security and any transfers of securities)
and generally in its name and on its behalf to exercise all or
any of the powers, authorities and discretions conferred by or
pursuant to this Deed or by statute on the Agent or any such
Receiver, delegate or sub-delegate and (without prejudice to the
generality of the foregoing) to sell and deliver and otherwise
perfect any deed, assurance, agreement, instrument or act which
it or he may deem proper in or for the purpose of exercising any
of such powers, authorities and discretions. The Chargor hereby
ratifies and confirms and agrees to ratify and confirm whatever
any such attorney as is mentioned in this Clause 17 (Power of
Attorney) shall do or purport to do in the exercise or purported
exercise of all or any of the powers, authorities and discretions
referred to in such Clause.
12
E-265
<PAGE> 266
18. NEW ACCOUNTS
If the Agent receives or is deemed to be affected by notice
whether actual or constructive of any subsequent charge or other
interest affecting any part of the Security Assets and/or the
proceeds of sale thereof, the Agent may open a new account or
accounts in the name of the Chargor. If the Agent does not open
a new account it shall nevertheless be treated as if it had done
so at the time when it received or was deemed to have received
notice and as from that time all payments made to the Agent shall
be credited or be treated as having been credited to the new
account and shall not operate to reduce the amount for which this
Deed is security.
19. COUNTERPARTS
This Deed may be executed in any number of counterparts and this
will have the same effect as if the signatures on the
counterparts were on a single copy of this Deed.
20. WAIVERS AND REMEDIES AND PARTIAL INVALIDITY
20.1 Remedies and waivers
No failure to exercise, nor any delay in exercising, on the part
of the Agent any right or remedy under this Deed shall operate as
a waiver thereof, nor shall any single or partial exercise by the
Agent of any right or remedy prevent any further or other right
or remedy. The rights and remedies of the Agent in this Deed are
cumulative and not exclusive of any rights or remedies provided
by law.
20.2 Partial invalidity
If, at any time, any provision hereof is or becomes illegal,
invalid or unenforceable in any respect under the law of any
jurisdiction, the legality, validity or enforceability of the
remaining provisions hereof and the legality, validity or
enforceability of such provision under the law of any other
jurisdiction shall not in any way be affected or impaired
thereby.
21. AMENDMENTS; WAIVERS; MODIFICATIONS
This Deed and the provisions hereof may not be amended, waived,
modified, changed, discharged or terminated except as set forth
in Section 11.6 of the Credit Agreement.
22. SUCCESSORS IN INTEREST
This Deed shall create a continuing security interest in the
Security Assets and shall be binding upon the Chargor, its
successors and assigns and shall inure, together with the rights
and remedies of the Agent and the Lenders hereunder, to the
benefit of the Agent and the Lenders and their successors and
assigns; provided, however, that the Chargor may not assign its
rights or delegate its duties hereunder without the prior written
consent of the Agent. To the fullest extent permitted by law,
the Chargor hereby releases the Agent and each Lender, and its
13
E-266
<PAGE> 267
successors and assigns, from any liability for any act or
omission relating to this Deed or the Security Assets, except for
any liability arising from the negligence or wilful misconduct of
the Agent, or such Lender, or its officers, employees or agents.
23. NOTICES
All notices required or permitted to be given under this Deed
shall be in conformance with Section 11.1 of the Credit
Agreement. Any notice to be served on the Chargor shall be
deemed to have been served on the Chargor if it is served on the
Borrower in conformance with Section 11.1 of the Credit
Agreement.
24. H.M. LAND REGISTRY
In respect of the Mortgaged Property the title to which is
registered at H.M. Land Registry and in respect of any other
registered title(s) against which this Deed may be noted the
Chargor hereby applies to the Chief Land Registrar for a
restriction in the following terms to be entered on the Register
of Title relating thereto:
"Except under an order of the Registrar, no disposition or
dealing by the proprietor of the land is to be registered without
the consent of the proprietor for the time being of the Deed
dated 12 January 1996 between Genicom Limited and NationsBank
of Texas, N.A. as Agent"
25. RIGHTS OF REQUIRED LENDERS
All rights of the Agent hereunder, if not exercised by the Agent,
may be exercised by the Required Lenders.
26. COVENANT TO RELEASE
Upon the expiry of the Security Period (but not otherwise), the
Agent shall, at the request and cost of the Chargor, execute and
do all such deeds, acts and things as may be necessary to release
the Security Assets from the security constituted hereby.
27. GOVERNING LAW
This Deed is governed by and shall be construed in accordance
with English law.
DELIVERED as a deed on the date first above written.
14
E-267
<PAGE> 268
SCHEDULE 1
- --------------------------------------------
MORTGAGED PROPERTY
- ------------------------------------------------
1. A lease dated 2 March 1990 of Unit No. 10 Westside Centre, London Road,
Stanway, Colchester, Essex between Ronald Frederick West (1), Genicom
Limited (2) and Genicom Corporation (3).
2. A lease dated 17 October 1994 of Unit 11 Westside Centre, London Road,
Stanway, Colchester, Essex between Ronald Frederick West (1) and Genicom
Limited (2) as amended by a Deed of Variation dated 27 April 1995 between
Ronald Frederick West (1) and Genicom Limited (2).
15
E-268
<PAGE> 269
EXECUTION
- -----------------------------------------------------------------------
THE CHARGOR
EXECUTED as a deed by )
GENICOM LIMITED acting by )
Director:
...................................
Full Name:
...................................
Director/Secretary:
...................................
Full Name:
...................................
THE AGENT
NATIONSBANK OF TEXAS, N.A.
By:
...................................
Full Name:
...................................
16
E-269
<PAGE> 270
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------
SCHEDULE 2.1(a)
LENDERS, COMMITMENTS AND COMMITMENT PERCENTAGES
- -----------------------------------------------------------------------------------------------
Foreign
Name Revolving Foreign Currency
and Address Revolving Commitment Currency Commitment
of Lenders Commitment Percentage Commitment Percentage
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NationsBank of Texas, N.A. $26,727,272.73 76.3636% $3,818,181.82 76.3636%
901 Main Street, 67th Floor
Dallas, Texas 75202
ATTN: Brent W. Mellow
Facsimile No.: (214) 508-0980
- -----------------------------------------------------------------------------------------------
Creditanstalt-Bankverein $8,272,727.27 23.6364% $1,181,818.18 23.6364%
Two Greenwich Plaza
Greenwich, Connecticut 06830
ATTN: Rich Buckanavage
Facsimile No.: (203) 861-6594
- -----------------------------------------------------------------------------------------------
TOTAL: $35,000,000 100.00% $5,000,000 100.00%
- ------
===============================================================================================
<CAPTION>
- -------------------------------------------------------------------------------------------
SCHEDULE 2.1(a)
LENDERS, COMMITMENTS AND COMMITMENT PERCENTAGES
- -------------------------------------------------------------------------------------------
Tranche A Tranche B
Name Tranche A Term Loan Tranche B Term Loan
and Address Term Loan Commitment Term Loan Commitment
of Lenders Commitment Percentage Commitment Percentage
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NationsBank of Texas, N.A. $15,272,727.27 76.3636% $20,000,000 100%
901 Main Street, 67th Floor
Dallas, Texas 75202
ATTN: Brent W. Mellow
Facsimile No.: (214) 508-0980
- -------------------------------------------------------------------------------------------
Creditanstalt-Bankverein $4,727,272.73 23.6364% $0 0%
Two Greenwich Plaza
Greenwich, Connecticut 06830
ATTN: Rich Buckanavage
Facsimile No.: (203) 861-6594
- -------------------------------------------------------------------------------------------
TOTAL: $20,000,000 100.00% $20,000,000 100.00%
- ------
===========================================================================================
</TABLE>
1
E-270
<PAGE> 271
SCHEDULE 2.1(b)(i)
FORM OF NOTICE OF BORROWING
NationsBank of Texas, N.A.
as Agent for the Lenders
referred to below
- ---------------------------------------------------
- ---------------------------------------------------
- ---------------------------------------------------
Attention:
---------------------------------------
Dear Sirs:
The undersigned, Genicom Corporation (the "Borrower") refers to the Credit
Agreement dated as of January 12, 1996 (as it may be amended, modified,
extended or restated from time to time, the "Credit Agreement"), among the
Borrower, the Guarantors from time to time party thereto, the Lenders from time
to time party thereto and NationsBank of Texas, N.A., as Agent.
Capitalized terms used herein and not otherwise defined herein shall have
the meanings assigned to such terms in the Credit Agreement.
[The undersigned hereby gives you notice that it requests a Revolving Loan
advance in accordance with the provisions of Section 2.1 of the Credit
Agreement and in connection therewith sets forth below the terms on which such
Loan advance is requested to be made:
(A) Date of Borrowing
(which is a Business Day)
-----------------------
(B) Principal Amount of
Borrowing
-----------------------
(C) Interest rate basis
-----------------------
(D) Interest Period and the
1
E-271
<PAGE> 272
last day thereof
-----------------------
The delivery of this Notice of Borrowing shall constitute a representation
and warranty by the Borrower of the correctness of the matters specified in
subsections (ii), (iii), (iv), (v) and (vi) of Sections 5.3.]
[The undersigned hereby gives you notice that it requests a Foreign
Currency Loan advance in accordance with the provisions of Section 2.4 of the
Credit Agreement and in connection therewith sets forth below the terms on
which such Loan advance is requested to be made:
(A) Applicable Available
Foreign Currency
-----------------------
(B) Date of Borrowing
(which is a Business Day)
-----------------------
(C) Principal Amount of
Borrowing
-----------------------
(D) Interest Period and the
last day thereof
-----------------------
The delivery of this Notice of Borrowing shall constitute a representation
and warranty by the Borrower of the correctness of the matters specified in
subsections (ii), (iii), (iv), (v) and (vi) of Sections 5.3.]
[The undersigned hereby gives you notice that it requests a Tranche A Term
Loan advance in accordance with the provisions of Section 2.5 of the Credit
Agreement and in connection therewith sets forth below the terms on which such
Loan advance is requested to be made:
(A) Date of Borrowing
(which is a Business Day)
-----------------------
2
E-272
<PAGE> 273
(B) Principal Amount of
Borrowing
-----------------------
(C) Interest rate basis
-----------------------
(D) Interest Period and the
last day thereof
-----------------------
The delivery of this Notice of Borrowing shall constitute a representation
and warranty by the Borrower of the correctness of the matters specified in
subsections (ii), (iii), (iv), (v) and (vi) of Sections 5.3.]
[The undersigned hereby gives you notice pursuant to Section 2.6 of the Credit
Agreement regarding the terms on which the disbursement on the Effective Date
of the Tranche B Term Loan is requested to be made:
(A) Principal Amount of
Borrowing
-----------------------
(B) Interest rate basis
-----------------------
(C) Interest Period and the
last day thereof
-----------------------
The delivery of this Notice of Borrowing shall constitute a representation
and warranty by the Borrower of the correctness of the matters specified in
subsections (ii), (iii), (iv), (v) and (vi) of Sections 5.3.]
Very truly yours,
GENICOM CORPORATION
By
---------------------------
Title:
3
E-273
<PAGE> 274
SCHEDULE 2.1(e)
FORM OF REVOLVING NOTE
$
----------------- January 12, 1996
FOR VALUE RECEIVED, GENICOM CORPORATION, a Delaware
corporation (the "Borrower"), hereby promises to pay to the order of
__________________________, its successors and registered assigns (the
"Lender"), at the office of NationsBank of Texas, N.A., as Agent (the "Agent"),
at 901 Main Street, Dallas, Texas 75202 (or at such other place or places as
the holder hereof may designate), at the times set forth in the Credit
Agreement dated as of the date hereof among the Borrower, the Lenders and the
Agent (as it may be amended, modified, extended or restated from time to time,
the "Credit Agreement"; all capitalized terms not otherwise defined herein
shall have the meanings set forth in the Credit Agreement), but in no event
later than the Termination Date, in Dollars and in immediately available funds,
the principal amount of ________________________DOLLARS ($____________) or, if
less than such principal amount, the aggregate unpaid principal amount of all
Revolving Loans made by the Lender to the Borrower pursuant to the Credit
Agreement, and to pay interest from the date hereof on the unpaid principal
amount hereof, in like money, at said office, on the dates and at the rates
selected in accordance with Section 2.1(d) of the Credit Agreement.
Upon the occurrence and during the continuance of an Event of Default
the balance outstanding hereunder shall bear interest as provided in Section
3.1 of the Credit Agreement. Further, in the event the payment of all sums due
hereunder is accelerated under the terms of the Credit Agreement, this Note,
and all other indebtedness of the Borrower to the Lender shall become
immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which are hereby waived by the Borrower.
In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest, all costs of collection, including reasonable attorneys' fees.
1
E-274
<PAGE> 275
All borrowings evidenced by this Note and all payments and prepayments
of the principal hereof and interest hereon and the respective dates thereof
shall be endorsed by the holder hereof on Schedule A attached hereto and
incorporated herein by reference, or on a continuation thereof which shall be
attached hereto and made a part hereof; provided, however, that any failure to
endorse such information on such schedule or continuation thereof shall not in
any manner affect the obligation of the Borrower to make payments of principal
and interest in accordance with the terms of this Note.
This Note and the Loans evidenced hereby may be transferred in whole
or in part only by registration of such transfer on the Register maintained by
or on behalf of the Borrower as provided in Section 11.3(c) of the Credit
Agreement.
IN WITNESS WHEREOF, the Borrower has caused this Note to be duly
executed by its duly authorized officer as of the day and year first above
written.
GENICOM CORPORATION
By
----------------------------
Title
-------------------------
2
E-275
<PAGE> 276
SCHEDULE A TO THE
REVOLVING NOTE
OF
--------------
DATED JANUARY 12, 1996
<TABLE>
<CAPTION>
Unpaid Name of
Type Principal Person
of Interest Payments Balance Making
Date Loan Period Principal Interest of Note Notation
- ---- ---- -------- --------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
3
E-276
<PAGE> 277
SCHEDULE 2.3(d)
FORM OF SWINGLINE NOTE
$5,000,000 January 12, 1996
FOR VALUE RECEIVED, GENICOM CORPORATION, a Delaware corporation (the
"Borrower"), hereby promises to pay to the order of NATIONSBANK OF TEXAS, N.A.,
its successors and assigns (the "Swingline Lender"), at the office of
NationsBank of Texas, N.A., as Agent (the "Agent"), at 901 Main Street, Dallas,
Texas 75202 (or at such other place or places as the holder hereof may
designate), at the times set forth in the Credit Agreement dated as of the date
hereof among the Borrower, the Swingline Lender and other Lenders and the Agent
(as it may be amended, modified, extended or restated from time to time, the
"Credit Agreement"; all capitalized terms not otherwise defined herein shall
have the meanings set forth in the Credit Agreement), but in no event later than
the Termination Date, in Dollars and in immediately available funds, the
principal amount of FIVE MILLION DOLLARS ($5,000,000) or, if less than such
principal amount, the aggregate unpaid principal amount of all Swingline Loans
made by the Swingline Lender to the Borrower pursuant to the Credit Agreement,
and to pay interest from the date hereof on the unpaid principal amount hereof,
in like money, at said office, on the dates and at the rates selected in
accordance with Section 2.3(c) of the Credit Agreement.
Upon the occurrence and during the continuance of an Event of Default
the balance outstanding hereunder shall bear interest as provided in Section
3.1 of the Credit Agreement. Further, in the event the payment of all sums due
hereunder is accelerated under the terms of the Credit Agreement, this Note,
and all other indebtedness of the Borrower to the Swingline Lender shall become
immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which are hereby waived by the Borrower.
In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest, all costs of collection, including reasonable attorneys' fees.
All borrowings evidenced by this Note and all payments and prepayments
of the principal hereof and interest hereon and the respective dates thereof
shall be endorsed by the holder hereof on Schedule A attached hereto and
incorporated herein by reference, or on a continuation thereof which shall be
attached hereto and made a part hereof; provided, however, that any failure to
endorse such information on such schedule or continuation thereof shall not in
any manner affect the obligation of the Borrower to
1
E-277
<PAGE> 278
make payments of principal and interest in accordance with the terms of this
Note.
2
E-278
<PAGE> 279
IN WITNESS WHEREOF, the Borrower has caused this Note to be duly
executed by its duly authorized officer as of the day and year first above
written.
GENICOM CORPORATION
By
----------------------------
Title
-------------------------
3
E-279
<PAGE> 280
SCHEDULE A TO THE
SWINGLINE NOTE
DATED JANUARY 12, 1996
<TABLE>
<CAPTION>
Unpaid Name of
Type Principal Person
of Interest Payments Balance Making
Date Loan Period Principal Interest of Note Notation
- ---- ---- -------- --------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
4
E-280
<PAGE> 281
Schedule 2.4(e)
FORM OF FOREIGN CURRENCY NOTE
January 12, 1996
FOR VALUE RECEIVED, GENICOM CORPORATION, a Delaware corporation
(the "Borrower"), hereby promises to pay to the order of
__________________________, its successors and registered assigns (the
"Lender"), at the place and account specified in Section 3.15(b) of Credit
Agreement dated as of the date hereof among the Borrower, the Lenders and
NationsBank of Texas, N.A., as Agent (as it may be amended, modified, extended
or restated from time to time, the "Credit Agreement"; all capitalized terms
not otherwise defined herein shall have the meanings set forth in the Credit
Agreement) (or at such other place or places as the holder hereof may
designate), at the times set forth therein, but in no event later than the
Termination Date, the aggregate unpaid principal amount of all Foreign Currency
Loans made by the Lender to the Borrower pursuant to the Credit Agreement, and
to pay interest from the date hereof on the unpaid principal amount hereof at
said place and account, on the dates and at the rates selected in accordance
with Section 2.4(d) of the Credit Agreement. Each payment on account of an
amount due from the Borrower hereunder shall be made in the currency in which
such amount is denominated and in such funds as are customary at the place and
time of payment for the settlement of international payments in such currency.
Without limiting the terms of the preceding sentence, accrued interest on any
Foreign Currency Loan shall be payable in the same Available Currency as such
Foreign Currency Loan.
Upon the occurrence and during the continuance of an Event of Default
the balance outstanding hereunder shall bear interest as provided in Section
3.1 of the Credit Agreement. Further, in the event the payment of all sums due
hereunder is accelerated under the terms of the Credit Agreement, this Note,
and all other indebtedness of the Borrower to the Lender shall become
immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which are hereby waived by the Borrower.
In the event this Note is not paid when due at any stated or accelerated
maturity, the Borrower agrees to pay, in addition to
1
E-281
<PAGE> 282
the principal and interest, all costs of collection, including reasonable
attorneys' fees.
All borrowings evidenced by this Note and all payments and prepayments
of the principal hereof and interest hereon and the respective dates thereof
shall be endorsed by the holder hereof on Schedule A attached hereto and
incorporated herein by reference, or on a continuation thereof which shall be
attached hereto and made a part hereof; provided, however, that any failure to
endorse such information on such schedule or continuation thereof shall not in
any manner affect the obligation of the Borrower to make payments of principal
and interest in accordance with the terms of this Note.
This Note and the Loans evidenced hereby may be transferred in whole or
in part only by registration of such transfer on the Register maintained by or
on behalf of the Borrower as provided in Section 11.3(c) of the Credit
Agreement.
IN WITNESS WHEREOF, the Borrower has caused this Note to be duly
executed by its duly authorized officer as of the day and year first above
written.
GENICOM CORPORATION
By
----------------------------
Title
-------------------------
2
E-282
<PAGE> 283
SCHEDULE A TO THE
FOREIGN CURRENCY NOTE
OF
---------------
DATED JANUARY 12, 1996
<TABLE>
<CAPTION>
Applicable Unpaid Name of
Available Principal Person
Foreign Interest Payments Balance Making
Date Currency Period Principal Interest of Note Notation
- ---- --------- -------- --------- -------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
3
E-283
<PAGE> 284
SCHEDULE 2.5(e)
FORM OF TRANCHE A TERM NOTE
$ January 12, 1996
-----------------
FOR VALUE RECEIVED, GENICOM CORPORATION, a Delaware
corporation (the "Borrower"), hereby promises to pay to the order of
__________________________, its successors and registered assigns (the
"Lender"), at the office of NationsBank of Texas, N.A., as Agent (the "Agent"),
at 901 Main Street, Dallas, Texas 75202 (or at such other place or places as
the holder hereof may designate), at the times set forth in the Credit
Agreement dated as of the date hereof among the Borrower, the Lenders and the
Agent (as it may be amended, modified, extended or restated from time to time,
the "Credit Agreement"; all capitalized terms not otherwise defined herein
shall have the meanings set forth in the Credit Agreement), but in no event
later than the Termination Date, in Dollars and in immediately available funds,
the principal amount of ________________________ DOLLARS ($____________) or, if
less than such principal amount, the aggregate unpaid principal amount of all
Tranche A Term Loan Advances made by the Lender to the Borrower pursuant to the
Credit Agreement, and to pay interest from the date hereof on the unpaid
principal amount hereof, in like money, at said office, on the dates and at the
rates selected in accordance with Section 2.5(d) of the Credit Agreement.
Upon the occurrence and during the continuance of an Event of Default
the balance outstanding hereunder shall bear interest as provided in Section
3.1 of the Credit Agreement. Further, in the event the payment of all sums due
hereunder is accelerated under the terms of the Credit Agreement, this Note,
and all other indebtedness of the Borrower to the Lender shall become
immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which are hereby waived by the Borrower.
In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest, all costs of collection, including reasonable attorneys' fees.
All borrowings evidenced by this Note and all payments and prepayments
of the principal hereof and interest hereon and the respective dates thereof
shall be endorsed by the holder hereof on Schedule A attached hereto and
incorporated herein by reference, or on a continuation thereof which shall be
attached hereto and made a part hereof; provided, however, that any failure to
endorse such information on such schedule or continuation thereof shall not in
any manner affect the obligation of the Borrower to
1
E-284
<PAGE> 285
make payments of principal and interest in accordance with the terms of this
Note.
2
E-285
<PAGE> 286
This Note and the Loans evidenced hereby may be transferred in whole
or in part only by registration of such transfer on the Register maintained by
or on behalf of the Borrower as provided in Section 11.3(c) of the Credit
Agreement.
IN WITNESS WHEREOF, the Borrower has caused this Note to be duly
executed by its duly authorized officer as of the day and year first above
written.
GENICOM CORPORATION
By
----------------------------
Title
-------------------------
3
E-286
<PAGE> 287
SCHEDULE A TO THE
TRANCHE A TERM NOTE
OF _____________
DATED JANUARY 12, 1996
<TABLE>
<CAPTION>
Unpaid Name of
Type Principal Person
of Interest Payments Balance Making
Date Loan Period Principal Interest of Note Notation
- ---- ---- -------- --------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
4
E-287
<PAGE> 288
SCHEDULE 2.6(f)
FORM OF TRANCHE B TERM NOTE
$ January 12, 1996
-----------------
FOR VALUE RECEIVED, GENICOM CORPORATION, a Delaware
corporation (the "Borrower"), hereby promises to pay to the order of
__________________________, its successors and registered assigns (the
"Lender"), at the office of NationsBank of Texas, N.A., as Agent (the "Agent"),
at 901 Main Street, Dallas, Texas 75202 (or at such other place or places as
the holder hereof may designate), at the times set forth in the Credit
Agreement dated as of the date hereof among the Borrower, the Lenders and the
Agent (as it may be amended, modified, extended or restated from time to time,
the "Credit Agreement"; all capitalized terms not otherwise defined herein
shall have the meanings set forth in the Credit Agreement), but in no event
later than the Termination Date, in Dollars and in immediately available funds,
the principal amount of ________________________ DOLLARS ($____________), and
to pay interest from the date hereof on the unpaid principal amount hereof, in
like money, at said office, on the dates and at the rates selected in
accordance with Section 2.6(e) of the Credit Agreement.
Upon the occurrence and during the continuance of an Event of Default
the balance outstanding hereunder shall bear interest as provided in Section
3.1 of the Credit Agreement. Further, in the event the payment of all sums due
hereunder is accelerated under the terms of the Credit Agreement, this Note,
and all other indebtedness of the Borrower to the Lender shall become
immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which are hereby waived by the Borrower.
In the event this Note is not paid when due at any stated or
accelerated maturity, the Borrower agrees to pay, in addition to the principal
and interest, all costs of collection, including reasonable attorneys' fees.
All borrowings evidenced by this Note and all payments and prepayments
of the principal hereof and interest hereon and the respective dates thereof
shall be endorsed by the holder hereof on Schedule A attached hereto and
incorporated herein by reference, or on a continuation thereof which shall be
attached hereto
5
E-288
<PAGE> 289
and made a part hereof; provided, however, that any failure to endorse such
information on such schedule or continuation thereof shall not in any manner
affect the obligation of the Borrower to make payments of principal and
interest in accordance with the terms of this Note.
6
E-289
<PAGE> 290
This Note and the Loans evidenced hereby may be transferred in whole
or in part only by registration of such transfer on the Register maintained by
or on behalf of the Borrower as provided in Section 11.3(c) of the Credit
Agreement.
IN WITNESS WHEREOF, the Borrower has caused this Note to be duly
executed by its duly authorized officer as of the day and year first above
written.
GENICOM CORPORATION
By
----------------------------
Title
-------------------------
7
E-290
<PAGE> 291
SCHEDULE A TO THE
TRANCHE B TERM NOTE
OF _____________
DATED JANUARY 12, 1996
<TABLE>
<CAPTION>
Unpaid Name of
Type Principal Person
of Interest Payments Balance Making
Date Loan Period Principal Interest of Note Notation
- ---- ---- -------- --------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
8
E-291
<PAGE> 292
SCHEDULE 3.2
FORM OF NOTICE OF EXTENSION/CONVERSION
NationsBank of Texas, N.A.,
as Agent for the Lenders
- ---------------------------
- ---------------------------
Attn:
----------------------
Ladies and Gentlemen:
The undersigned, GENICOM CORPORATION (the "Borrower"), refers to the
Credit Agreement dated as of January 12, 1996 (as amended, modified, extended
or restated from time to time, the "Credit Agreement"), among the Borrower, the
Lenders and NationsBank of Texas, N.A., as Agent. Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to
such terms in the Credit Agreement. The Borrower hereby gives notice pursuant
to Section 3.2 of the Credit Agreement that it requests an extension or
conversion of a Revolving Loan, Foreign Currency Loan, Tranche A Term Loan
and/or Tranche B Term Loan outstanding under the Credit Agreement, and in
connection herewith sets forth below the terms on which such extension or
conversion is requested to be made:
(A) Type of Loan (together with
applicable currency of Loan
in the case of a Foreign
Currency Loan)
----------------------
(B) Date of Extension or Conversion
(which is the last day of the
the applicable Interest Period)
----------------------
(C) Principal Amount of
Extension or Conversion
----------------------
(D) Applicable Available Foreign
Currency (if such Loan is
a Foreign Currency Loan)
----------------------
(E) Interest rate basis
----------------------
(F) Interest Period and the
last day thereof
----------------------
9
E-292
<PAGE> 293
2
E-293
<PAGE> 294
The delivery of the Notice of Extension/Conversion shall constitute a
representation and warranty by the Borrower of the correctness of the matters
specified in subsections (ii), (iii), (iv), (v) and (vi) of Section 5.3.
Very truly yours,
GENICOM CORPORATION
By:
----------------------------------
Title:
-------------------------------
3
E-294
<PAGE> 295
SCHEDULE 5.1(m)
FORM OF LEGAL OPINION OF MCGUIRE, WOODS, BATTLE & BOOTHE
January 12, 1996
To the Lenders party to the Credit
Agreement referred to below and
NationsBank of Texas, N.A.,
as Agent thereunder
Ladies and Gentlemen:
We have acted as counsel to Genicom Corporation, a Delaware
corporation (the "Borrower"), Genicom International Holdings Corporation, a
Delaware corporation ("International Holdings"), Genicom International Sales
Corporation, a Delaware corporation ("International Sales"), Delmarva
Technologies Corporation, a Delaware corporation ("Delmarva"), Rastek
Corporation, a Delaware corporation ("Rastek"), Enterprising Service Solutions
Corporation, a Delaware corporation ("Enterprising"), Printer Systems
Corporation, a Virginia corporation ("Printer Systems"), The Printer
Connection, Inc., a Virginia corporation ("Printer Connection"), and Printer
Systems International, Ltd., a Virginia corporation ("Printer Systems
International") (International Holdings, International Sales, Delmarva, Rastek,
Enterprising, Printer Systems, Printer Connection and Printer Systems
International are collectively referred to herein as the "Guarantors"), in
connection with the execution and delivery of a Credit Agreement dated as of
January 12, 1996 among the Borrower, the Guarantors, the lenders party thereto
(the "Lenders") and NationsBank of Texas, N.A., as Agent for such Lenders (in
such capacity, the "Agent"). We are rendering the opinions set forth herein at
the request of the Lenders in accordance with Section 5.1(m) of the Credit
Agreement. Capitalized terms used herein and not otherwise defined shall have
the meanings assigned thereto in the Credit Agreement.
In rendering the opinions expressed below, we have examined
(i) executed copies of the Credit Agreement, the Security Agreement, the Pledge
Agreement, the U.K. Security Agreement executed by the Borrower, the Revolving
Notes, the Swingline Note, the Foreign Currency Notes, the Tranche A Term
Notes, the Tranche B Term Notes and the Agent's Fee Letter (collectively,
1
E-295
<PAGE> 296
the "Credit Documents") and (ii) originals or copies, certified or otherwise
identified to our satisfaction, of such corporate records and other agreements,
documents (including financing statements) and instruments, and of such
certificates or comparable documents of public officials and officers and
representatives of the Borrower and the Guarantors, and have made such
inquiries of such officers and representatives, as we have deemed relevant and
necessary as a basis for the opinions hereinafter set forth.
In such examination, we have assumed the genuineness of all
signatures (other than signatures of officers of the Borrower and Guarantors),
the authenticity of all documents (other than the Credit Documents) submitted
to us as originals, the conformity to original documents of documents submitted
to us as certified or photostatic copies and the authenticity of the originals
of such latter documents.
We have further assumed:
A. each party to the Credit Documents, other than the
Borrower and the Guarantors, has been duly organized and is validly existing
and in good standing under the laws of the jurisdiction of its organization;
B. each of the Credit Documents has been duly authorized
by all necessary corporate or other action by each party thereto, other than
the Borrower and the Guarantors;
C. each of the Credit Documents has been duly executed
and delivered by each party thereto, other than the Borrower and the
Guarantors; and
D. each of the Credit Documents is the legal, valid and
binding obligation of each party thereto, other than the Borrower and the
Guarantors, enforceable against such party in accordance with its terms, and
does not breach, violate or conflict with any agreement or the laws or
governmental rules and regulations of any jurisdiction or authority applicable
to such party.
Based on the foregoing, and subject to the qualifications
stated herein, we are of the opinion that:
1. Each of the Borrower, International Holdings,
International Sales, Delmarva, Rastek and Enterprising is a corporation duly
organized, validly existing and in good standing
2
E-296
<PAGE> 297
under the laws of the State of Delaware, has the corporate power and authority
to own and operate its property, to lease the property it operates as lessee
and to conduct the business in which it is currently engaged.
2. Each of Printer Systems, Printer Connection and
Printer Systems International is a corporation duly organized, validly existing
and in good standing under the laws of the Commonwealth of Virginia, has the
corporate power and authority to own and operate its property, to lease the
property it operates as lessee and to conduct the business in which it is
currently engaged.
3. Each Credit Party has the corporate power and
authority to execute, deliver and perform each of the Credit Documents to which
it is a party and has taken all necessary corporate action to authorize the
execution, delivery and performance of the Credit Documents to which it is a
party.
4. Each of the Credit Documents has been duly executed
and delivered by each Credit Party which is a party thereto.
5. Each of the Credit Documents (other than the U.K.
Security Agreement executed by the Borrower) constitutes the legal, valid and
binding obligation of each Credit Party which is a party thereto, enforceable
against such Credit Party in accordance with its terms, except as such
enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting creditors rights and remedies generally,
and by general principles of equity (regardless of whether enforcement is
sought in a proceeding at law or in equity).
6. The authorized capital stock and the issued and
outstanding shares of stock of the direct and indirect Domestic Subsidiaries of
the Borrower as set forth in Schedule 1 attached hereto constitute all of the
authorized, issued and outstanding shares of stock of all of the direct and
indirect Domestic Subsidiaries of the Borrower, and all of such issued and
outstanding shares of stock are owned by such Persons as provided in such
schedule.
7. The execution, delivery and performance by each
Credit Party of the Credit Documents to which it is a party do not conflict
with or violate any Virginia, Delaware corporate or federal law, or the
articles of incorporation or by-laws of any Credit Party.
3
E-297
<PAGE> 298
8. No consent, approval, waiver, license, authorization
or application or other action by or filing with any Virginia, Delaware or
federal Governmental Authority is required in connection with the execution,
delivery or performance by any Credit Party of the Credit Documents, except for
those already obtained or made.
9. The Security Agreement creates security interests, as
security for the Secured Obligations (as such term is defined in the Security
Agreement), in the collateral purported to be covered thereby, which security
interests are valid under Article 9 of the Applicable Code (as such term is
defined below), to the extent that such Article is applicable thereto, except
that the Security Agreement will create such security interests in property in
which the Credit Parties have no present rights only when the Credit Parties
acquire rights therein. We note that Section 552 of the United States
Bankruptcy Code, 11 U.S.C. Section 101 et seq. (as amended), limits the extent
to which property acquired by a debtor after the commencement of a case under
the federal bankruptcy laws may be subject to a security interest arising from
a security agreement entered into by the debtor before the commencement of such
a case.
10. The due filing and indexing of financing statements
in the filing offices in the jurisdictions indicated on Schedule 2 shall
perfect the security interests created by the Security Agreement in all right,
title and interest of each Credit Party identified as a debtor thereon in those
items and types of collateral described in the Security Agreement in which a
security interest may be perfected by the filing of a financing statement under
the Uniform Commercial Code as in effect in the respective states in which such
filing offices are located (the "Applicable Code"), subject to the following:
a. in the case of proceeds, perfection and the
continuation of perfection of the security interests are limited to the extent
set forth in Section 9-306 of the Applicable Code;
b. perfection of the security interests
generally will terminate under the circumstances described in Sections 9-103
(relating, generally, to perfection of security interests in multiple-state
transactions and the effect of the change of location of the collateral or the
debtor), 9-402 (to the extent that such section relates, generally, to the
effect of changes in the debtor's name, identity or corporate structure) and
9-403 (relating, generally, to the duration (12 years in the case of
4
E-298
<PAGE> 299
the Maryland Uniform Commercial Code and five years in the case of each other
Applicable Code) of the effectiveness of a filing and the filing of
continuation statements) of the Applicable Code, unless appropriate action is
taken as provided therein; and
c. under certain circumstances described in
Section 9-307 of the Applicable Code, purchasers of collateral may take the
same free of a perfected security interest.
In giving the opinions set forth in paragraph 10 above, we
have assumed that:
A. the form of financing statements satisfy any
requirements of the filing offices;
B. the financing statements include an address of
the secured party from which information concerning the security interest may
be obtained; and
C. none of the collateral consists or will consist
of equipment used in farming operations, farm products, accounts or general
intangibles arising from or relating to the sale of farm products, consumer
goods, crops (including grain), timber, minerals or the like (including oil and
gas) or accounts resulting from the sale of minerals or the like (including oil
and gas).
Our opinion in paragraph 1 above with respect to the good
standing of the Credit Parties is based solely on good standing certificates
received from the Delaware Secretary of State and the Virginia State
Corporation Commission.
We express no opinion with respect to the enforceability of
the security interests created by the Security Agreement as security for the
obligations set forth in Section 3(c) of the Security Agreement to the extent
such obligations are not so related to the Credit Documents that such
obligations can reasonably have been expected (in the light of existing or
future circumstances) by the Credit Parties to have been secured by the
Security Agreement.
We express no opinion concerning the enforceability of (i) any
requirement that provisions of the Credit Documents may be waived or amended
only in writing, (ii) any waiver of a right to trial by jury, (iii) forum
selection provisions, (iv) consent to service of process in a court proceeding
by mail, (v) the right
5
E-299
<PAGE> 300
of setoff with respect to a special deposit, and (vi) each Guarantor's waiver
in Section 4.2 of the Credit Agreement of any requirement that the Agent or any
Lender exhaust any right, power or remedy or proceed against any Person under
any of the Credit Documents or any other agreement or instrument referred to
therein, or against any other Person under any other guarantee of, or security
for, any of the Borrower's Obligations, or any other similar waiver in any of
the Credit Documents.
We express no opinion with respect to the applicability of
federal and state fraudulent transfer laws to the transactions contemplated by
the Credit Documents.
We express no opinion with respect to the priority of any
security interest created under the Security Agreement.
We express no opinion with respect to the applicability of
federal or state securities laws to any of the matters addressed in this
letter.
The opinions expressed in this letter are as of the date of
this letter, and we do not undertake to amend or supplement such opinions as
facts and circumstances come to our attention or changes in the law occur which
could affect such opinions.
The opinions herein are limited to the laws of the
Commonwealth of Virginia, the General Corporation Law of the State of Delaware
and the federal laws of the United States, except to the extent the opinions
set forth in paragraph 10 above with respect to the perfection of certain
security interests involve conclusions under the laws of various states other
than the Commonwealth of Virginia, in which case such opinion is based solely
on our review of Article 9 of the Uniform Commercial Code as in effect in such
states as reported in the Secured Transactions Guide published by Commerce
Clearinghouse, Inc., updated through January 2, 1996.
This opinion is rendered solely for your benefit in connection
with the transactions described above. This opinion may not be used or relied
upon by any other person, and may not be disclosed, quoted, filed with a
governmental agency or otherwise referred to without our prior written consent
except to your bank examiners, auditors and counsel and to prospective
transferees of your interests under the Credit Documents and their professional
advisers, or as required by law or pursuant to legal process.
6
E-300
<PAGE> 301
Very truly yours,
7
E-301
<PAGE> 302
SCHEDULE 5.1(n)
Form of Opinion of Berwin Leighton
1
E-302
<PAGE> 303
NationsBank of Texas, N.A. (the "Agent") 12 January 1996
901 Main Street MAJN/M985/2
Floor 67
Dallas Texas
75202
United States of America
as agent for the lenders (the "Lenders") from time to time party to a credit
agreement (the "Credit Agreement") dated as of the date of this letter between
Genicom Corporation (the "Borrower"), the Lenders, the Agent and the other
parties' thereto.
Dear Sirs
DEBENTURE (THE "DEBENTURE") ENTERED INTO ON THE DATE OF THIS LETTER BETWEEN THE
AGENT AND THE GENICOM LIMITED (THE "CHARGOR")
1 Introduction
1.1 We have acted as your special English legal advisers in connection with:
(a) the Credit Agreement; and
(b) the Debenture.
1.2 Terms defined or used in the Debenture shall, unless otherwise defined,
have the same meanings in this opinion.
1.3 For the purpose of this opinion, we have examined:
(a) a facsimile copy of the executed Debenture;
(b) a certified copy of the certificate of incorporation and
memorandum and articles of association in respect of the
Chargor;
(c) a facsimile copy of a written resolution of the board of
directors of the Chargor dated 12 January 1996 containing
resolutions, inter alia, approving the Debenture.
1.4 We have also examined such other documents as we have considered
necessary or desirable to examine for the purpose of giving this
opinion.
1.5 We are English lawyers and our opinion relates solely to matters of
English law as at the date of this opinion and is also confined strictly
to (a) the matters stated herein and is not to be read as extending, by
implication or otherwise, to any other matter, and (b) the documents
referred to in paragraph 1.3 above.
2 Assumptions
In giving this opinion, we have assumed:
2.1 the genuineness and the authority of all signatures and seals and the
authenticity and completeness of all documents purporting to be
originals;
2
E-303
<PAGE> 304
2.2 the conformity with originals of all documents submitted to us as copies
and that the originals were executed in the manner appearing on the
copies and the authenticity and completeness of the originals of such
documents;
2.3 that the Chargor has not passed a voluntary winding-up resolution; that
no petition has been presented nor order made by a court for the
winding-up, dissolution or administration of the Chargor; and that no
receiver, trustee, administrator or similar officer has been appointed
in relation to the Chargor or any of the Chargor's assets or revenues;
2.4 that the certified copies of the certificate of incorporation and the
memorandum and articles of association of the Chargor referred to in
paragraph 1.3(b) are true, accurate and up to date;
2.5 that the written resolutions of the directors of the Chargor referred to
in paragraph 1.3(c) were duly passed by all duly appointed directors of
the Chargor; that any provisions contained in the Companies Act 1985 or
the articles of association of the Chargor relating to the declaration
of directors' interests or the power of interested directors to vote
were duly observed; and that such resolutions have not been amended or
rescinded and are in full force and effect;
2.6 the correctness of all information stated or given in any document
submitted to us and all warranties and representations in the Debenture;
2.7 the Credit Agreement is legal valid and binding in accordance with the
laws under which it is expressed to be governed;
2.8 the Debenture has been duly delivered by the parties;
2.9 the obligations of each party other than the Chargor under the Debenture
are legal, valid and binding obligations of that party;
2.10 there are no provisions of applicable foreign law (including the public
policy) which would be relevant for the purposes of this opinion; and
2.11 that the undertaking of the obligations assumed by the Chargor in the
Debenture is not a fraud on the creditors of the Chargor; that such
obligations are being undertaken in good faith for the purpose of
carrying on the Chargor's business and are for the benefit of the
Chargor and that the Chargor is not unable to pay its debts under
Section 123 of the Insolvency Act 1986 and that the Chargor will not
become unable to pay its debts within the meaning of that Section in
consequence of its execution of the Debenture (if the assumptions in
this paragraph are incorrect, the Chargor's obligations could be void or
voidable).
3 Opinion
Based on and subject to the foregoing and subject to the qualifications
set out below and any matters not disclosed to us, we are of the opinion
that:
3.1 the Chargor is a company incorporated and validly existing under the
laws of England;
3.2 the Chargor has corporate power under its memorandum and articles of
association to enter into, exercise its rights and perform and comply
with its obligations under the Debenture;
3
E-304
<PAGE> 305
3.3 the execution and delivery of the Debenture on behalf of the Chargor and
the performance of its obligations have been duly authorised by all
necessary corporate action and is in accordance with its memorandum and
articles of association;
3.4 neither the execution and delivery of the Debenture by the Chargor nor
the exercise of any of its rights under it nor the performance or
observance of any of its obligations under the Debenture need:
(a) conflict with, violate, or result in any breach of, any law,
statute or regulation of general application, by which the
Chargor is bound; or
(b) conflict with, violate, result in any breach of its memorandum
and articles of association or cause any limitation on any of
its powers imposed by statute or by its memorandum and articles
of association on the right or ability of its directors to
exercise such powers, to be violated or exceeded;
3.5 the obligations expressed as being assumed by the Chargor under the
Debenture constitute legal, valid and binding obligations, enforceable
against it in accordance with their terms, and the Debenture creates
valid security over the Security Assets;
3.6 no authorisation, consent, approval, licence, qualification or formal
exemption from any courts, governmental agency or regulatory authority
in England is required as a matter of general law for the execution,
delivery and performance by the Chargor of its obligations under the
Debenture;
3.7 no registration, filing or declaration with any court, governmental
agency or regulatory authority in England is required as a matter of
general law for the execution, delivery and performance by the Chargor
of its obligations under the Debenture save for:
(a) the registration of the Debenture with the Registrar of
Companies pursuant to Part XII (Registration of Charges) of the
Companies Act 1985 within 21 days of the date of creation of the
Debenture; and
(b) registrations with HM Land Registry and/or the Land Charges
Registry in relation to the Debenture from time to time insofar
as security is taken over freehold or leasehold property;
3.8 no United Kingdom stamp duty or registration tax is payable under the
laws of England in connection with the execution, delivery or validity
of the Debenture save for any HM Land Registry fees which may be payable
in connection with the Debenture; and
3.9 in any proceedings taken in England for the enforcement of the
Debenture, the choice of English law as the governing law will be
recognised and applied subject to narrow exceptions related to the
avoidance of mandatory provisions of foreign law.
4 Qualifications
The foregoing opinion is subject to the following qualifications:
4.1 the obligations of the Chargor under the Debenture will be subject to
any applicable bankruptcy, liquidation, insolvency, administration,
reorganisation, moratoria and other laws and general equitable
principles
4
E-305
<PAGE> 306
relating to or affecting the enforcement of creditors' rights, and any
applicable principles of public policy;
4.2 the enforcement of the rights and obligations of the parties to the
Debenture may be limited by the provisions of English law applicable to
contracts held to have been frustrated by events happening after their
execution;
4.3 where any party to the Debenture is vested with a discretion or may
determine a matter in its opinion, then English law may require that
such discretion is exercised objectively and reasonably or that such
opinion is based upon reasonable and objective grounds;
4.4 we express no opinion as to the efficacy of any powers conferred upon
the Agent or the Lenders or any receiver, administrative receiver or
similar officer appointed under the Debenture in so far as these powers
go beyond those conferred by statute or by common law;
4.5 we express no opinion as to whether specific performance or injunctive
relief, being equitable remedies, would be available in respect of any
of the obligations of the Chargor;
4.6 any provisions in the Debenture for Default Interest, penalties,
compensation, additional interest and the like, if and to the extent
that they are not genuine pre-estimates of the Agent's or Lenders'
losses, might be held to be unenforceable on the grounds that they are
penalties and therefore void;
4.7 an English court may refuse to give effect to any of the undertakings to
pay costs made by the Chargor under the Debenture, and an English court
might not award by way of costs all of the expenditure incurred by a
successful litigant in proceedings brought before the court, and an
undertaking by any party (who would not otherwise be liable to pay the
same) to the Debenture to bear any indemnity in respect of any taxes or
duties might not be enforceable in respect of UK stamp duties, by virtue
of Section 117 of the Stamp Act 1891, if such were imposed in the
future;
4.8 Clause 20.2 in the Debenture relating to invalidity on account of
illegality may not be binding under English law and the question of
whether or not such provisions may be severed from other provisions in
order to save such other provisions would be determined by an English
court at its discretion;
4.9 Clause 21 in the Debenture providing that the terms thereof can only be
amended or varied or provisions thereof waived by an instrument in
writing or with the consent of the Required Lenders may not be
effective;
4.10 any provisions in the Debenture providing that any determination,
calculation or certification will be conclusive or binding may not be
effective if the determination, calculation or certification is made or
given unreasonably, fraudulently, incorrectly, arbitrarily or without
good faith and will not necessarily prevent judicial inquiry into the
merits of any claims by any party thereto;
4.11 claims may become barred under the Limitation Acts or may be or become
subject to defences of set-off or counterclaim;
4.12 we express no opinion as to whether any provision in the Debenture
conferring a right of set-off or similar right would be effective
against a liquidator, administrator or a creditor;
5
E-306
<PAGE> 307
4.13 we express no opinion as to the priority or status of any security
interest which may be created pursuant to the Debenture;
4.14 we express no opinion as to whether the English courts would recognise
any of the security constituted by the Debenture which is expressed to
be by way of fixed or specific charge as a fixed charge, since they may
hold such security to be by way of floating charge: for example, to the
extent that the Chargor is given liberty to deal with sums standing to
the credit of any accounts which are charged, it may be that the
security constituted in respect of those accounts will be construed by
the courts as being of a floating rather than a fixed nature;
4.15 we express no opinion in this letter as to the existence of any assets
purporting to be comprised in any security expressed to be created by
the Debenture, whether any such assets are owned by the Chargor or
whether the same are now or may hereafter become subject to any
equities, rights or interests in favour of any other person ranking in
priority to or free from such security or whether the same could be
transferred to any other person free of such security;
4.16 it is possible that an English court would hold that a judgment on the
Debenture, whether obtained in an English court or elsewhere, would
supersede the Debenture to all intents and purposes so that the
obligations set forth in the Debenture (even if stated to survive such
judgment) would not be held to survive such judgment;
4.17 we have not considered the particular circumstances of any party to the
Debenture or the effect of such particular circumstances on those
documents or the transactions contemplated thereby.
5 Basis of Opinion
This opinion (which is limited to the matters stated in it and is not to
be read as extending by implication to any other matters not
specifically referred to) is addressed solely to you for your own (and
the Lenders') use and benefit in connection with the Debenture and may
not be relied upon by anyone else (save the Lenders) and may not be
disclosed to anyone else (except to your or the Lenders' bank, your or
the Lenders' bank examiners, auditors and counsel and to prospective
transferees of your or the Lenders' interests under the Credit Agreement
and to their professional advisers or as required by law or pursuant to
legal process), in each case, without our express written consent.
Yours faithfully
BERWIN LEIGHTON
6
E-307
<PAGE> 308
SCHEDULE 6.4
Required Consents, Authorizations, Notices and Filings
None
E-308
<PAGE> 309
SCHEDULE 6.6
1. U.S. Environmental Protection Agency Initial Administrative Order
pursuant to 42 U.S.C. Section 6928(h), and ensuing Resource Conservation
and Recovery Act Facility Investigation process focusing on surface and
subsurface issues related to historical manufacturing and waste disposal
activities at the Waynesboro, Virginia facility.
With the technical and financial assistance of General Electric Company,
the former owner of the Waynesboro, Virginia facility, the Borrower is
pursuing a groundwater and soils monitoring program, leading to likely
groundwater remediation requirements and long-term follow up groundwater
monitoring. Substantial expenditures have been required for engineering
advice and program implementation, and expenditures are expected to
continue for a period of years. The Borrower's engineers do not
currently project a requirement for soil remediation or correction
action other than for groundwater.
2. Proceeding before the Virginia Department of Environmental Quality,
pursuant to the Virginia Waste Management Act, through which the
Department is requiring closure of two (2) former hazardous waste
surface impoundments and additional miscellaneous facilities, and
post-closure care.
Final closure of the impoundments is anticipated in early 1996 at a cost
of approximately $300,000. Post-closure care expenses are estimated to
be approximately $670,000 over a thirty (30) year period.
3. U.S. Environmental Protection Agency General Notice Letter and Request
for Information pursuant to the federal Comprehensive Environmental
Response Compensation and Liability Act of January 9, 1992 concerning
the Aqua-Tech Environmental, Inc. site in Greer, South Carolina; and
continuing Borrower involvement with the site.
On April 24, 1992, EPA issued to the Borrower and to ninety six (96)
other parties a Unilateral Administrative Order under 42 U.S.C. Section
9606 requiring them to undertake a removal action at the site. Although
the Borrower has denied that it is liable, it has taken an active role
in a group of parties that has undertaken the removal action. In
December of 1994, the site was placed on the EPA's National Priorities
List. It is likely that EPA will seek to recover its costs relating to
the site and require the Borrower and all or some of the other
approximately 700 identified potentially responsible parties to
undertake or fund additional corrective action.
4. Virginia Department of Environmental Quality Notice of Violation of July
20, 1995 pursuant to the Virginia State Water Control
E-309
<PAGE> 310
Law, alleging violation of VPDFS Permit No. VA0002402, and several
additional prior Notices of Violation concerning the same Permit. The
most recent was for alleged failure to sample and perform one specific
analysis. The analysis has been performed and no further agency action
is anticipated. The earlier Notices of Violation alleged various Permit
violations. The Borrower believes that those matters have been
corrected and that no violations are continuing at this time. Although
the relevant periods of limitation have not yet run on all of the
earlier matters, the Borrower does not anticipate further action from
the federal or state agencies.
5. Original Petition and Petition for Injunctive Relief filed August 31,
1995 in an action styled Linn-Faysville Aquifer Preservation Association
et al. v. Republic Waste Industries, Inc., et al., Cause No. C4430-95F
in the District Court of Hidalgo County, Texas. The Petition alleges
that the Borrower and other defendants are strictly liable for damages
allegedly suffered by plaintiffs as a result of contamination of a
groundwater aquifer allegedly caused by the disposal of materials at a
landfill. The action is at a preliminary stage and the Borrower is
unable to evaluate the degree of exposure, if any.
6. Genicom Corp. v. Richard J. Carlson. The Borrower has filed suit
against Richard Carlson, a former employee, in the General District
Court of the City of Waynesboro, Virginia, alleging that Carlson
breached his contractual agreement and was unjustly enriched when he
failed to return a $12,600 relocation allowance to which he was not
entitled. The matter is set to go to trial on February 12, 1996.
7. Genicom Corp. v. Michael S. Mellon. The Borrower has filed suit against
Michael S. Mellon, the Borrower's former Vice President of Market
Development and Corporate Communications, in the Circuit Court of
Fairfax County, Virginia, attempting to recover on a promissory note and
a bridge loan. The balance due the Borrower is $29,059.53, plus 7%
interest and attorneys' fees. The matter is set to go to trial on March
4-5, 1996.
8. On March 1, 1995, the Borrower purchased certain assets from Harris
Adacom Network Services, Inc. pursuant to an Asset Purchase Agreement
dated February 23, 1995. The total purchase price was payable in three
installments. The Asset Purchase Agreement contemplated the preparation
of a closing date balance sheet after closing, and adjustment of the
purchase price after closing in the event that the closing date balance
sheet reflected total equity of less that a specified figure.
The Borrower and Harris Adacom and their respective accountants, have
not agreed on the closing date balance sheet or the adjustments. The
Borrower has paid the last installment of the purchaser price, less
certain agreed upon adjustments, into
E-310
<PAGE> 311
escrow pending resolution of the dispute. Absent agreement on the
adjustments, the dispute may be arbitrated or litigated.
9. The Borrower has received from the County of Orange, California, a
Notice of Intent to Enforce Collection demanding payment of $9,804.94 in
personal property taxes assessed on October 24, 1995 for assets
allegedly owned by the Borrower on March 1, 1994 and March 1, 1995.
This tax is assessed against personal property valued at approximately
$800,000, presumably leased to Rockwell International. The Borrower has
advised the Orange County Tax Assessor that its records do not indicate
that either it or its predecessor in interest, Harris Adacom Network
Services, Inc., leased any assets to Rockwell International during the
period for which the tax is assessed and that therefore, it should not
be liable for the personal property tax assessment.
10. Charge filed by Pamela Baker with the Equal Employment Opportunity
Commission in the District of Columbia alleging a claim of sexual and
age discrimination, wrongful discharge and compensation. The Borrower
is in the process of preparing a response to this claim.
11. Charge filed by Cynthia Russell Ficken with the Equal Employment
Opportunity Commission in California alleging a claim of sexual
discrimination, a negative performance review and compensation. The EEOC
has made no determination on the merits of the charge but has given Ms.
Ficken a notice of right to sue. The 90-day time period for Ms. Ficken
to sue has not yet expired, but the Borrower has no knowledge that suit
has been filed.
12. Charge filed by Phillip Bossard with the Equal Employment Opportunity
Commission in Chicago, Illinois alleging a claim of age discrimination
and discharge. The Borrower has responded to the charge.
13. Charge filed by Richard Moes with the Equal Employment Opportunity
Commission in Chicago, Illinois alleging a claim of age discrimination
and discharge. The Borrower has responded to the charge.
14. Charge filed by Mary Borer with the Equal Employment Opportunity
Commission in Buffalo, New York alleging a claim of sex discrimination
and discharge. The EEOC has found no cause the claim but has issued a
notice of right to sue. The 90-day period in which the claimant has to
sue on the claim has expired.
15. Jeffrey Knowles v. Genicom Corporation. A former employee filed suit
against the Borrower for commissions and bonuses in the United States
District Court for the Northern District of Georgia. The Borrower and
Mr. Knowles have agreed to settle the matter for $15,000, and the
written settlement agreement is in the process of being executed.
E-311
<PAGE> 312
16. Terry Rhodes v. Genicom Corporation. A employee search provider filed
suit against the Borrower for breach of contract in the General District
Court of Rockingham County, Virginia demanding $8,000 in damages. The
Borrower obtained a judgment in that suit. The Mr. Rhodes appealed the
judgment to the Circuit Court of Rockingham County, Virginia, and the
Borrower again obtained a judgment. The time for appealing the Circuit
Court judgment has not yet expired.
E-312
<PAGE> 313
SCHEDULE 6.12
ERISA Disclosures
None
E-313
<PAGE> 314
Schedule 6.14
SUBSIDIARIES
<TABLE>
<CAPTION>
=======================================================================================================
Jurisdiction of Ownership
Name Incorporation Interest
---- ------------- --------
- -------------------------------------------------------------------------------------------------------
<S> <C> <C>
Genicom International Holdings Corporation (GIHC) Delaware 100% Borrower
- -------------------------------------------------------------------------------------------------------
Genicom (Australia) Pty. Ltd. Australia 100% GIHC*
- -------------------------------------------------------------------------------------------------------
Genicom Pty. Limited Australia 100% GIHC*
- -------------------------------------------------------------------------------------------------------
Genicom International Ltd. (GIL) U.K. 100% GIHC*
- -------------------------------------------------------------------------------------------------------
Genicom Limited U.K. 100% GIL*
- -------------------------------------------------------------------------------------------------------
Genicom (No. 1) Limited U.K. 100% GIL*
- -------------------------------------------------------------------------------------------------------
Genicom GmbH Germany 100% GIHC
- -------------------------------------------------------------------------------------------------------
Genicom SARL France 100% GIHC*
- -------------------------------------------------------------------------------------------------------
Genicom S.A. France 100% GIHC*
- -------------------------------------------------------------------------------------------------------
Genicom S.p.A. Italy 100% GIHC
- -------------------------------------------------------------------------------------------------------
Genicom Euroholdings B.V. The Netherlands 100% GIHC
- -------------------------------------------------------------------------------------------------------
Genicom International Sales Corporation Delaware 100% Borrower
- -------------------------------------------------------------------------------------------------------
Delmarva Technologies Corporation Delaware 100% Borrower
- -------------------------------------------------------------------------------------------------------
Rastek Corporation Delaware 100% Borrower
- -------------------------------------------------------------------------------------------------------
Rastek Japan Ltd. Japan 50% Rastek Corporation
- -------------------------------------------------------------------------------------------------------
Enterprising Service Solutions Corporation Delaware 100% Borrower
- -------------------------------------------------------------------------------------------------------
Printer Systems Corporation (PSC) Virginia 100% Borrower
- -------------------------------------------------------------------------------------------------------
The Printer Connection, Inc. Virginia 100% PSC
- -------------------------------------------------------------------------------------------------------
Printer Systems International, Ltd. Virginia 100% PSC
- -------------------------------------------------------------------------------------------------------
Genicom Canada, Inc. Canada 100% Borrower
- -------------------------------------------------------------------------------------------------------
Genicom Foreign Sales Corporation U.S.Virgin Islands 100% Borrower
- -------------------------------------------------------------------------------------------------------
Genicom de Mexico, S.A. de C.V. Mexico 100% Borrower*
=======================================================================================================
</TABLE>
* except for qualifying shares required by law to be owned by others, but in
each case constituting one percent or less of the total outstanding shares.
E-314
<PAGE> 315
SCHEDULE 6.16
ENVIRONMENTAL DISCLOSURES
1. U.S. Environmental Protection Agency Initial Administrative Order
pursuant to 42 U.S.C. Section 6928(h), and ensuing Resource Conservation
and Recovery Act Facility Investigation ("RFI") process, focusing on
surface and subsurface issues related to historical manufacturing and
waste disposal activities at the Waynesboro, Virginia facility.
With the technical and financial assistance of General Electric Company,
the former owner of the Waynesboro, Virginia facility, Genicom is
pursuing a groundwater and soils monitoring program, leading to likely
groundwater remediation requirements and long-term followup groundwater
monitoring. Substantial expenditures have been required for engineering
advice and program implementation, and expenditures are expected to
continue for a period of years. Genicom's engineers do not currently
project a requirement for soil remediation or correction action other
than for groundwater.
2. Proceeding before the Virginia Department of Environmental Quality,
pursuant to the Virginia Waste Management Act, through which the
Department is requiring closure of two former hazardous waste surface
impoundments and additional miscellaneous facilities, and post-closure
care.
With the technical and financial assistance of General Electric Company,
the former owner of the Waynesboro, Virginia facility, Genicom (1) has
finalized the closure of miscellaneous facilities and has submitted or
anticipates the imminent submittal of final reports and anticipates DEQ
approval of such reports; and (2) anticipates the imminent submittal of
a final Closure Plan for the surface impoundments and DEQ approval of
the Closure Plan. Final closure of the impoundments is anticipated in
early 1996 at a cost of approximately $300,000. Post-closure care
expenses are estimated to be approximately $670,000 over a 30 year
period.
3. U.S. Environmental Protection Agency General Notice Letter and Request
for Information pursuant to the federal Comprehensive Environmental
Response, Compensation and Liability Act of January 9, 1992 concerning
the Aqua-Tech Environmental, Inc. site in Greer, South Carolina; and
continuing Genicom involvement with the site.
On April 24, 1992, EPA issued to Genicom and 96 other parties a
Unilateral Administrative Order under 42 U.S.C. Section 9606 requiring
them to undertake a removal action at the site. Although Genicom has
denied that it is liable, it has taken an active role in a group of
parties that has undertaken the removal action. In December of 1994 the
site was placed on EPA's
E-315
<PAGE> 316
National Priorities List. It is likely that EPA will seek to recover
its costs relating to the site and require Genicom and all or some of
the other approximately 700 other identified potentially responsible
parties to undertake or fund additional corrective action.
4. Through contractual agreements with the former Centronics Data Computer
Corporation, alleged responsibility for and involvement in remediation
activities pursuant to the federal Comprehensive Environmental Response,
Compensation and Liability Act at (1) the ReSolve site in North
Dartmouth, Massachusetts, (2) the Silresim Chemical Corporation site in
Lowell, Massachusetts, and (3) the Union Chemical Company site in South
Hope, Maine.
On behalf of Centronics and its successor, pursuant to its contractual
obligations, Genicom has participated in the activities of groups of
potentially responsible parties at the three sites and has paid
substantial sums toward the Centronics shares of remediation costs and
government reimbursement. Remedial activities at the sites are largely
concluded or largely funded at this time, and Genicom does not
anticipate substantial additional expenditures relating to site
remediation or relating to reimbursement of costs to the U.S.
Environmental Protection Agency or state regulatory agencies.
5. Virginia Department of Environmental Quality Notice of Violation of July
20, 1995 pursuant to the Virginia State Water Control Law, alleging
violation of VPDES Permit No. VA0002402, and several additional prior
Notices of Violation concerning the same Permit. The most recent was for
alleged failure to sample and perform one specific analysis. The
analysis has been performed and no further agency action is anticipated.
The earlier Notices of Violation alleged various Permit violations.
Genicom believes that those matters have been corrected and that no
violations are continuing at this time. Although the relevant periods
of limitation have not yet run on all of the earlier matters, Genicom
does not anticipate further action from the federal or state agencies.
6. Original Petition and Petition for Injunctive Relief filed August 31,
1995 in an action styled Linn-Faysville Aquifer Preservation Ass'n, et
al. v. Republic Waste Industries, Inc., et al., Cause No. C4430-95F in
the District Court of Hidalgo County, Texas. The Petition alleges that
Genicom and other defendants are strictly liable for damages allegedly
suffered by plaintiffs as a result of contamination of a groundwater
aquifer allegedly caused by the disposal of materials at a landfill.
The action is at a preliminary stage and Genicom is unable to evaluate
the degree of its exposure, if any.
E-316
<PAGE> 317
SCHEDULE 7.1(c)
FORM OF OFFICER'S COMPLIANCE CERTIFICATE
For the fiscal quarter ended _________________, 19___.
I, ______________________, [Title] of GENICOM CORPORATION (the
"Borrower") hereby certify that, to the best of my knowledge and belief, with
respect to that certain Credit Agreement dated as of January 12, 1996 (as
amended, modified, extended or restated from time to time, the "Credit
Agreement"; all of the defined terms in the Credit Agreement are incorporated
herein by reference) among the Borrower, the other Credit Parties party
thereto, the Lenders party thereto and NationsBank of Texas, N.A., as Agent:
a. The company-prepared financial statements which accompany this
certificate are true and correct in all material respects and
have been prepared in accordance with generally accepted
accounting principles applied on a consistent basis, subject to
changes resulting from normal year-end audit adjustments.
b. Since ___________ (the date of the last similar certification,
or, if none, the Closing Date) no Default or Event of Default
has occurred under the Credit Agreement; and
Delivered herewith are detailed calculations demonstrating compliance by the
Credit Parties with the financial covenants contained in Section 7.11 of the
Credit Agreement as of the end of the fiscal period referred to above.
This ______ day of ___________, 19__.
GENICOM CORPORATION
--------------------------------
Title:
E-317
<PAGE> 318
Attachment to Officer's Certificate
COMPUTATION OF FINANCIAL COVENANTS
E-318
<PAGE> 319
SCHEDULE 7.1(e)
FORM OF
BORROWING BASE CERTIFICATE
For the calendar month ended _______________, 19__.
I, the undersigned, the ___________________ [Title] of Genicom
Corporation (the "Borrower"), certify as of the date hereof and prior to giving
effect to any payment due as of the date hereof under the Credit Agreement
dated as of January 12, 1996 (as it may be amended, modified, extended or
restated from time to time, the "Credit Agreement"; all capitalized terms used
herein shall have the meanings given to such terms in the Credit Agreement)
among the Borrower, the Guarantors from time to time party thereto, the Lenders
from time to time party thereto, and NationsBank of Texas, N.A., as Agent:
RECEIVABLES
1. Receivables (as defined in the
definition of Eligible Receivables in
Section 1.1 of the Credit Agreement) $_____________
2. (i) Receivables of the Borrower
subject to any Lien, other than
a Permitted Lien $_____________
(ii) Receivables of the Borrower which
are more than 90 days from the date of
invoice (net of reserves for bad debts
in connection with any such Receivables
of the Borrower) $_____________
(iii) 50% of the book value of any
Receivable of the Borrower not
otherwise excluded by clause (ii)
above but owing from an account debtor
which is the account debtor on any
existing Receivable of the Borrower
then excluded by such clause (ii)
(unless the exclusion by such clause
(ii) is a result of a legitimate
dispute by the account debtor and the
applicable Receivable of the Borrower
is no more than 90 days past due) $_____________
E-319
<PAGE> 320
(iv) Receivables of the Borrower
evidenced by notes, chattel paper or
other instruments (unless such notes,
chattel paper or instruments (a) have
been delivered to and are in the
possession of the Agent or (b) the
aggregate amount of the Receivables
of the Borrower evidenced thereby is
not greater than $50,000) $_____________
(v) The lesser of (a) $100,000 or
(b) Receivables of the Borrower owing
by an account debtor which is not
solvent or is subject to any bankruptcy
or insolvency proceeding of any kind
(other than any Receivable of the Borrower
arising after the commencement of a
bankruptcy or insolvency proceeding
against the applicable account debtor
and which either arise from a C.O.D.
sale or is secured by a perfected first
priority lien in favor of the Borrower) $_____________
(vi) Receivables of the Borrower owing
by an account debtor located outside of
the United States (unless payment for
the goods shipped is secured by an
irrevocable letter of credit in a form
and from an institution acceptable to
the Agent) $_____________
(vii) Receivables of the Borrower which
are contingent or subject to offset,
deduction, counterclaim, dispute or
other defense to payment, in each case
to the extent of such offset, deduction,
counterclaim, dispute or other defense $_____________
(viii) Receivables of the Borrower for
which any direct or indirect Subsidiary
of the Borrower or any Affiliate of the
Borrower is the account debtor $_____________
E-320
<PAGE> 321
(ix) Receivables of the Borrower
representing a sale to the government of
the United States of America or any
subdivision thereof (unless the Borrower
has complied (to the satisfaction of the
Agent), with respect to the granting of a
security interest in such Receivable of the
Borrower, with the Federal Assignment of
Claims Act or other similar applicable
law) $_____________
(x) Receivables of the Borrower which
fail to meet such other specifications
as have been established by the Agent $_____________
(xi) Sum of lines (i) through (x) $_____________
3. Eligible Receivables
(Line 1 less Line 2(xi)) $_____________
4. Eligible Receivables Borrowing
Base (80% of Eligible Receivables) $_____________
INVENTORY
5. Inventory (the lower of the aggregate
book value (based on a FIFO or a moving
average cost valuation, consistently
applied) or fair market value of all
raw materials, work in process and
finished goods inventory owned by the
Borrower less appropriate reserves
determined in accordance with GAAP) $_____________
6. (i) Inventory subject to any Lien,
other than any Permitted Lien $_____________
(ii) Inventory which is not in good
condition or fails to meet standards
for sale or use imposed by
governmental agencies, departments
or divisions having regulatory
authority over such goods $_____________
E-321
<PAGE> 322
(iii) Inventory which is not useable
or saleable at prices approximating
their cost in the ordinary course of
the Borrower's business (including
without duplication the amount of any
reserves for obsolescence,
unsalability or decline in value) $_____________
(iv) Inventory located outside of the
United States (other than inventory
of the Borrower in an aggregate amount
not to exceed $10,000,000 located in
the Genicom International Distribution
Center in Colchester, Essex, England) $_____________
(v) Inventory located at a location
leased by the Borrower with respect
to which the Agent or the Required
Lenders shall have requested and
the Agent shall not have received
a landlord's waiver satisfactory
to the Agent $_____________
(vi) Inventory which is leased or on
consignment $_____________
(vii) Inventory which fails to meet
such other specifications as have
been established by the Agent $_____________
(viii) Sum of lines (i) through (vii) $_____________
7. Eligible Inventory
(Line 6 less Line 7(viii)) $_____________
8. Eligible Inventory Borrowing
Base (40% of Eligible Inventory) $_____________
BORROWING BASE
9. Total Borrowing Base availability
(Line 4 plus Line 8, provided that
Line 8 shall not constitute more
than 50% of the total Borrowing Base) $_____________
10. Aggregate Outstanding Revolving Loans,
Foreign Currency Loans, Swingline Loans
and LOC Obligations under the Credit
E-322
<PAGE> 323
Agreement $_____________
11. If Line #9 is greater than Line #10, then
the difference ($________) (or, if less,
the remaining amount of the Revolving
Committed Amount) is available for
extensions of credit under the Revolving
Commitments, the LOC Commitment and the
Swingline Commitment; if Line #10 is greater
than Line #9, then the Borrower shall prepay
or otherwise reduce so much of the outstanding
Revolving Loans, Foreign Currency Loans,
Swingline Loans and LOC Obligations as
shall be necessary to eliminate such
excess ($_________).
With reference to this Borrowing Base certificate, I hereby certify that the
above statements are true and correct.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this _____ day of
______________, 19___.
GENICOM CORPORATION
By
------------------------------
[Title]
E-323
<PAGE> 324
SCHEDULE 7.12
FORM OF JOINDER AGREEMENT
THIS JOINDER AGREEMENT (the "Agreement"), dated as of
_____________, 19__, is by and between _____________________, a
___________________ (the "Subsidiary"), and NATIONSBANK OF TEXAS, N.A., in its
capacity as Agent under that certain Credit Agreement (as it may be amended,
modified, extended or restated from time to time, the "Credit Agreement"),
dated as of January 12, 1996, by and among Genicom Corporation, a Delaware
corporation (the "Borrower"), the other Credit Parties party thereto, the
Lenders party thereto and NationsBank of Texas, N.A., as Agent. All of the
defined terms in the Credit Agreement are incorporated herein by reference.
The Subsidiary is an Additional Credit Party, and,
consequently, the Credit Parties are required by Section 7.12 of the Credit
Agreement to cause the Subsidiary to become a "Guarantor".
Accordingly, the Subsidiary hereby agrees as follows with the
Agent, for the benefit of the Lenders:
1. The Subsidiary hereby acknowledges, agrees and
confirms that, by its execution of this Agreement, the Subsidiary will be
deemed to be a party to the Credit Agreement and a "Guarantor" for all purposes
of the Credit Agreement, and shall have all of the obligations of a Guarantor
thereunder as if it had executed the Credit Agreement. The Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms,
provisions and conditions applicable to the Guarantors contained in the Credit
Agreement. Without limiting the generality of the foregoing terms of this
paragraph 1, the Subsidiary hereby (i) jointly and severally together with the
other Guarantors, guarantees to each Lender and the Agent, as provided in
Section 4 of the Credit Agreement, the prompt payment and performance of the
Borrower's Obligations in full when due (whether at stated maturity, as a
mandatory prepayment, by acceleration or otherwise) strictly in accordance with
the terms thereof.
2. The Subsidiary hereby acknowledges, agrees and
confirms that, by its execution of this Agreement, the Subsidiary will be
deemed to be a party to the Security Agreement, and shall have all the
obligations of an "Obligor" (as such term is defined in the Security Agreement)
thereunder as if it had executed the Security Agreement. The Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms,
provisions and conditions contained in the Security Agreement. Without
limiting generality of the foregoing
E-324
<PAGE> 325
terms of this paragraph 2, the Subsidiary hereby grants to the Agent, for the
benefit of the Lenders, a continuing security interest in, and a right of set
off against any and all right, title and interest of the Subsidiary in and to
the Collateral (as such term is defined in Section 2 of the Security Agreement)
of the Subsidiary. The Subsidiary hereby represents and warrants to the Agent
that:
(i) The Subsidiary's chief executive office and chief
place of business are (and for the prior four months have
been) located at the locations set forth on Schedule 1
attached hereto and the Subsidiary keeps its books and records
at such locations.
(ii) The type of Collateral owned by the Subsidiary
and the location of all Collateral owned by the Subsidiary is
as shown on Schedule 2 attached hereto.
(iii) The Subsidiary's legal name is as shown in this
Agreement and the Subsidiary has not in the past four months
changed its name, been party to a merger, consolidation or
other change in structure (except for the Acquisition) or used
any tradename except as set forth in Schedule 3 attached
hereto.
(iv) The patents and trademarks listed on Schedule 4
attached hereto constitute all of the registrations and
applications for the patents and trademarks owned by the
Subsidiary.
3. The Subsidiary hereby acknowledges, agrees and
confirms that, by its execution of this Agreement, the Subsidiary will be
deemed to be a party to the Pledge Agreement, and shall have all the
obligations of a "Pledgor" thereunder as if it had executed the Pledge
Agreement. The Subsidiary hereby ratifies, as of the date hereof, and agrees
to be bound by, all the terms, provisions and conditions contained in the
Pledge Agreement. Without limiting the generality of the foregoing terms of
this paragraph 3, the Subsidiary hereby pledges and assigns to the Agent, for
the benefit of the Lenders, and grants to the Agent, for the benefit of the
Lenders, a continuing security interest in any and all right, title and
interest of the Subsidiary in and to Pledged Shares (as such term is defined in
Section 2 of the Pledge Agreement) listed on Schedule 5 attached hereto and the
other Pledged Collateral (as such term is defined in Section 2 of the Pledge
Agreement).
4. The address of the Subsidiary for purposes of all
notices and other communications is ____________________,
____________________________, Attention of ______________ (Facsimile No.
____________).
E-325
<PAGE> 326
5. The Subsidiary hereby waives acceptance by the Agent and
the Lenders of the guaranty by the Subsidiary under Section 4 of the Credit
Agreement upon the execution of this Agreement by the Subsidiary.
6. This Agreement may be executed in two or more
counterparts, each of which shall constitute an original but all of which when
taken together shall constitute one contract.
7. This Agreement shall be governed by and construed and
interpreted in accordance with the laws of the Commonwealth of Virginia.
IN WITNESS WHEREOF, the Subsidiary has caused this Joinder
Agreement to be duly executed by its authorized officers, and the Agent, for
the benefit of the Lenders, has caused the same to be accepted by its
authorized officer, as of the day and year first above written.
[SUBSIDIARY]
By
----------------------------
Title
-------------------------
Acknowledged and accepted:
NATIONSBANK OF TEXAS, N.A.,
as Agent
By
------------------------------
Title
---------------------------
E-326
<PAGE> 327
SCHEDULE 1
TO FORM OF JOINDER AGREEMENT
[Chief Executive Office and
Chief Place of Business of Subsidiary]
E-327
<PAGE> 328
SCHEDULE 2
TO FORM OF JOINDER AGREEMENT
[Types and Locations of Collateral]
E-328
<PAGE> 329
SCHEDULE 3
TO FORM OF JOINDER AGREEMENT
[Tradenames]
E-329
<PAGE> 330
SCHEDULE 4
TO FORM OF JOINDER AGREEMENT
[Patents and Trademarks]
E-330
<PAGE> 331
SCHEDULE 5
TO FORM OF JOINDER AGREEMENT
[Pledged Shares]
E-331
<PAGE> 332
SCHEDULE 6
TO FORM OF JOINDER AGREEMENT
[Leases]
E-332
<PAGE> 333
SCHEDULE 7.17(a)
MORTGAGED PROPERTIES
<TABLE>
<CAPTION>
Owner/ Owned
Lessee Location or Leased
- ------ -------- ---------
<S> <C> <C>
Genicom Corporation 14800 Conference Center Drive Leased
Suite 400
Chantilly, Virginia 22021
Genicom Corporation Turner Building, Warehouse #10 Leased
1420 Genicom Drive
Waynesboro, Virginia 22980
Genicom Corporation McAllen Southwest Industrial District Leased
(Subleased to Ogden Unit 4, Lot 2-D
Atlantic Designs) McAllen, Texas 78503
Enterprising Service Bedford Business Park Leased
Solutions Corporation 2-10 Crosby Drive, Bldg. B & C
Bedford, Massachusetts 01730
</TABLE>
1
E-333
<PAGE> 334
SCHEDULE 8.1
Indebtedness
1. Subordinated Notes
2. purchase money Indebtedness (including Capital Leases) incurred
by the Borrower or any of its Subsidiaries up to the aggregate
amount of $500,000 for all such Persons.
3.
<TABLE>
<CAPTION>
==========================================================================================================
Amount of
Debtor Creditor Indebtedness
----- -------- ------------
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C>
Genicom, S.A. BICS 10,000,000 French Francs
- ----------------------------------------------------------------------------------------------------------
Genicom Limited TSB Commercial Finance Limited 1,500,000 Sterling
- ----------------------------------------------------------------------------------------------------------
Genicom, S.p.A. Banca Popolare 1,200,000,000 lira
IFITALIA - Factors 1,200,000,000 lira
Italia SpA.
Banca Nationale Del Lavoro 500,000,000 lira
==========================================================================================================
</TABLE>
4. Letter of credit #A234513 issued by Chemical Bank for the
account of the Borrower in the face amount of $350,000.
5. Letter of credit #T246584 issued by Chemical Bank for the
account of the Borrower in the face amount of $50,000.
6. Steamship guaranty issued by Chemical Bank for the account of
the Borrower in the face amount of $107,329.
7. Steamship guaranty issued by Chemical Bank for the account of
the Borrower in the face amount of $49,708.
1
E-334
<PAGE> 335
SCHEDULE 8.8
AFFILIATE TRANSACTIONS
None
1
E-335
<PAGE> 336
SCHEDULE 11.3(b)
FORM OF ASSIGNMENT AND ACCEPTANCE
THIS ASSIGNMENT AND ACCEPTANCE dated as of _______________, 199_
is entered into between ________________ ("Assignor") and ____________________
("Assignee").
Reference is made to the Credit Agreement dated as of January
12, 1996, as amended and modified from time to time thereafter (the "Credit
Agreement") among Genicom Corporation, the other Credit Parties party thereto,
the Lenders party thereto and NationsBank of Texas, N.A., as Agent. Terms
defined in the Credit Agreement are used herein with the same meanings.
1. The Assignor hereby sells and assigns, without recourse, to
the Assignee, and the Assignee hereby purchases and assumes from the Assignor,
effective as of the Effective Date set forth below, the interests set forth
below (the "Assigned Interest") in the Assignor's rights and obligations under
the Credit Agreement, including, without limitation, the interests set forth
below in the Commitments of the Assignor on the effective date of the
assignment designated below (the "Effective Date") and the Revolving Loans
owing to the Assignor which are outstanding on the Effective Date, together
with unpaid interest accrued on the assigned Loans to the Effective Date and
the amount, if any, set forth below of the Fees accrued to the Effective Date
for the account of the Assignor. Each of the Assignor and the Assignee hereby
makes and agrees to be bound by all the representations, warranties and
agreements set forth in Section 11.3(b) of the Credit Agreement, a copy of
which has been received by each such party. From and after the Effective Date
(i) the Assignee, if it is not already a Lender under the Credit Agreement,
shall be a party to and be bound by the provisions of the Credit Agreement and,
to the extent of the interests assigned by this Assignment and Acceptance, have
the rights and obligations of a Lender thereunder and (ii) the Assignor shall,
to the extent of the interests assigned by this Assignment and Acceptance,
relinquish its rights and be released from its obligations under the Credit
Agreement.
2. This Assignment and Acceptance shall be governed by and
construed in accordance with the laws of the Commonwealth of Virginia.
3. Terms of Assignment
(a) Date of Assignment:
1
E-336
<PAGE> 337
(b) Legal Name of Assignor:
(c) Legal Name of Assignee:
(d) Effective Date of Assignment:
(e) Revolving Commitment Percentage
Assigned (expressed as a percentage
set forth to at least 8 decimals)
%
(f) Revolving Commitment Percentage
of Assignor after Assignment
(set forth to at least 8 decimals)
%
(g) Total Revolving Loans outstanding
as of Effective Date
$
-------------
(h) Principal Amount of Revolving
Loans assigned on Effective
Date (the amount set forth
in (g) multiplied by the
percentage set forth in (e))
$
-------------
(i) Foreign Currency Commitment Percentage
Assigned (expressed as a percentage
set forth to at least 8 decimals)
%
(j) Foreign Currency Commitment Percentage
of Assignor after Assignment
(set forth to at least 8 decimals)
%
(k) Total Foreign Currency Loans
outstanding as of Effective Date
$
-------------
(l) Principal Amount of Revolving
Loans assigned on Effective
Date (the amount set forth
in (k) multiplied by the
percentage set forth in (i))
$
-------------
(m) Tranche A Term Loan Commitment
Percentage Assigned (expressed
as a percentage set forth to at
least 8 decimals)
%
(n) Tranche A Term Loan Commitment
Percentage of Assignor
after Assignment (set forth to
at least 8 decimals)
%
2
E-337
<PAGE> 338
(o) Outstanding Balance of Tranche A
Term Loan as of Effective Date
$
-------------
(p) Principal Amount of Tranche A
Term Loan assigned on Effective
Date (the amount set forth
in (o) multiplied by the
percentage set forth in (m))
$
-------------
(q) Tranche B Term Loan Commitment
Percentage Assigned (expressed
as a percentage set forth to at
least 8 decimals)
%
(r) Tranche B Term Loan Commitment
Percentage of Assignor
after Assignment (set forth to
at least 8 decimals)
%
(s) Outstanding Balance of Tranche B
Term Loan as of Effective Date
$
-------------
(t) Principal Amount of Tranche B
Term Loan assigned on Effective
Date (the amount set forth
in (s) multiplied by the
percentage set forth in (q))
$
-------------
4. This Assignment and Acceptance shall be effective only upon
consent of the Borrower and the Agent, if applicable, delivery to the Agent of
this Assignment and Acceptance together with the transfer fee payable pursuant
to Section 11.3(b) in connection herewith and recordation in the Register
pursuant to Section 11.3(c) of the terms hereof.
5 This Assignment and Acceptance may be executed in any number of
counterparts, each of which where so executed and delivered shall be an
original, but all of which shall constitute one and the same instrument. It
shall not be necessary in making proof of this Assignment and Acceptance to
produce or account for more than one such counterpart.
3
E-338
<PAGE> 339
The terms set forth above
are hereby agreed to:
, as Assignor
- --------------------
By:
-------------------------------------
Title:
----------------------------------
, as Assignee
- ---------------------
By:
-------------------------------------
Title:
----------------------------------
CONSENTED TO:
NATIONSBANK OF TEXAS, N.A.,
as Agent
By:
------------------------------------
Title:
---------------------------------
GENICOM CORPORATION
By:
------------------------------------
Title:
---------------------------------
By:
-------------------------------------
Title:
----------------------------------
, as Assignee
- ---------------------
By:
-------------------------------------
4
E-339
<PAGE> 340
Title:
----------------------------------
[Signatures Continued]
5
E-340
<PAGE> 341
CONSENTED TO:
NATIONSBANK OF TEXAS, N.A.,
as Agent
By:
------------------------------------
Title:
---------------------------------
GENICOM CORPORATION
By:
------------------------------------
Title:
---------------------------------
6
E-341
<PAGE> 1
FOR FURTHER INFORMATION:
James C. Gale
Sr. Vice President & CFO
GENICOM Corporation
(703) 802-9259
FOR IMMEDIATE RELEASE January 17, 1996
- --------------------------------------------------------------------------------
GENICOM REFINANCES CREDIT FACILITIES
Increases Availability; Lowers Interest Rate
(CHANTILLY, VA) -- GENICOM Corporation (Nasdaq:GECM), today announced that it
has reached agreement with a syndicate led by NationsBank on $75 million in new
credit facilities, replacing a $35 million credit facility with The CIT
Group/Credit Finance, Inc.
Under the agreement, NationsBank is providing a $35 million revolving credit
facility and two term loans totaling $40 million. The revolver matures in five
years; while the term loans are for five and seven years respectively. The
rate of interest on the credit facilities is tied to LIBOR or NationsBank prime
rate and is also dependent upon GENICOM's performance. Based upon the
company's current performance levels, the interest rate would be below
NationsBank prime rate. By contrast, the interest rate on the CIT facility was
3% over the prime rate.
In a separate transaction, GENICOM has entered into an interest rate swap
arrangement with NationsBank which fixes the interest rate for five years on a
substantial portion of this new debt. The fixed rate at close is 8.25% average
which is fifty bonus points below prime.
Borrowings under the NationsBank credit facility have been used to retire
outstanding debt under the CIT facility. GENICOM intends to use additional
borrowings to retire
E-342
<PAGE> 2
GENICOM PRESS RELEASE
in February the $36.4 million in outstanding 12.5% Senior Subordinated Notes
Due 1997, and for other general corporate purposes. Notices were sent to
holders of the Senior Notes on January 12 calling for the following redemption
schedule:
<TABLE>
<CAPTION>
Amount Date Call Price
<S> <C> <C>
$9,000,000 February 14 100%
$18,000,000 February 15 100%
$9,406,000 February 15 101.2%
</TABLE>
A small charge will be taken in the first quarter in connection with
terminating the CIT credit facility and calling in the subordinated notes.
James C. Gale, GENICOM's Senior Vice President and Chief Financial Officer,
commented, "I am extremely pleased with our new relationship with NationsBank,
and the fact that this new financing and lower rates have been facilitated by
the improved operating performance and strategic direction of the Company. In
addition to providing for a substantially lower interest rate than our prior
debt structure, this credit facility greatly enhances our cash flow by
refinancing debt that would have matured in the next two years. We now have
the benefit of a long term, flexible financing vehicle to meet GENICOM's
working capital needs."
GENICOM Corporation is an international supplier of multivendor services,
network management and printer solutions. GENICOM's Product Solutions Group
designs and market a wide range of computer printer technologies for general
purpose applications. The Enterprise Service Solutions Group provides logo and
multivendor product field support and depot repair, express parts and
professional services as well as integrated network system solutions, including
a broad portfolio of hardware and software products, technology consulting and
diagnostic and monitoring services. GENICOM is headquartered within
metropolitan Washington, D.C.
Page 2
E-343
