EX-10.87 12 doc12.txt SECURITY AGREEMENT ------------------ This Agreement, dated as of June 1, 2001, is made by ALTON DIVERSIFIED TECHNOLOGIES, INC., a California corporation (the "Grantor"), in favor of I-PAC MANUFACTURING, INC., a California corporation ("Electronics"), and I-PAC PRECISION MACHINING, INC., a California corporation ("Sheet Metal" and, collectively with Electronics, the "Secured Party"). Recitals -------- A. Electronics, Sheet Metal, the Grantor and National Manufacturing Technologies, Inc., a California corporation ("NMTI"), have entered into an ---- Asset Purchase Agreement dated as of May 31, 2001 whereby the Grantor is purchasing certain equipment, among other property, from Electronics and Sheet Metal. In payment of the purchase price for such equipment, the Grantor executed an Equipment Note (Electronics) dated May 31, 2001 in favor of Electronics in the principal amount of $454,730.00 (the "Electronics Equipment Note") and an Equipment Note (Sheet Metal) dated June 1, 2001 in favor of Sheet Metal in the principal amount of $1,546,900.00 (the "Sheet Metal Equipment Note" and, together with the Electronics Equipment Note, the "Notes"). B. Electronics and Sheet Metal have entered into a Workout Agreement dated as of June 1, 2001 (the "Workout Agreement") with Celtic Capital Corporation, a California corporation ("Celtic"), and certain other parties whereby Celtic has permitted the sale of equipment from Electronics and Sheet Metal to Grantor upon certain conditions, including, without limitation, the condition that the Grantor grant the security interest contemplated by this Agreement and that the Secured Party simultaneously assign this Agreement to Celtic. Accordingly, the Grantor hereby agrees as set forth below. SECTION 1. Grant of Security . The Grantor hereby assigns and pledges to the Secured Party, and hereby grants the Secured Party a security interest in, all of the Grantor's right, title and interest in and to the following, whether now owned or hereafter acquired and wherever located (the "Collateral"): (a) the equipment described in Schedule 1, and all parts thereof and accessions thereto (any and all such equipment, parts and accessions herein called the "Equipment"); and (b) all proceeds of the Equipment and, to the extent not otherwise included, all payments under insurance (whether or not the Secured Party is the loss payee thereof), or under any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the Equipment. SECTION 2. Security for Obligations . This Agreement secures the payment of all obligations of the Grantor now or hereafter existing under the Notes, whether for principal, interest, fees, expenses or otherwise, and all obligations of the Grantor now or hereafter existing under this Agreement (all such obligations of the Grantor herein called the "Obligations"). SECTION 3. Representations and Warranties . The Grantor represents and warrants to the Secured Party as set forth below. (a) The Grantor (i) is a corporation duly organized, validly existing and in good standing under the laws of California, (ii) is duly qualified or licensed as a foreign corporation, and is in good standing, in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed and (iii) has all requisite power and authority to own or lease and operate its properties and to carry on its business as now conducted and as proposed to be conducted. (b) The execution, delivery and performance by the Grantor of this Agreement and the Notes, and the consummation of the transactions contemplated hereby and thereby, are within the Grantor's legal powers, have been duly authorized by all necessary corporate action and do not (i) contravene the Grantor's articles of incorporation or bylaws, (ii) violate any applicable law or regulation, (iii) conflict with or result in the breach of, or constitute a default under, any loan agreement, indenture, mortgage, deed of trust or lease, or any other contract or instrument, binding on or affecting the Grantor or any of its properties or (iv) result in, or require the creation or imposition of, any lien upon or with respect to any of the properties of the Grantor, other than in favor of the Secured Party as provided herein. (c) This Agreement and the Notes have been duly executed and delivered by the Grantor. This Agreement and the Notes are legal, valid and binding obligations of the Grantor, enforceable against the Grantor in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors' rights generally. (d) All of the Equipment is located at the places specified in Schedule 1. (e) The Grantor owns the Collateral free and clear of any lien, security interest, charge or encumbrance, except for the security interest created by this Agreement (which the Secured Party will assign to Celtic). No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office, except such as shall be filed in favor of the Secured Party in connection with this Agreement (which the Secured Party will assign to Celtic). The Grantor has no trade name. (f) The Grantor has exclusive possession and control of the Equipment. (g) This Agreement creates a valid and perfected first-priority security interest in the Collateral in favor of the Secured Party, securing the payment of the Obligations, and all filings and other actions necessary or desirable to perfect and protect such security interest have been duly taken. (h) No authorization, approval or other action by, or notice to or filing with, any governmental authority or regulatory body is required (i) for the grant by the Grantor of the security interest granted hereby, (ii) for the execution, delivery or performance of this Agreement by the Grantor or (ii) for the perfection of or the exercise by the Secured Party of its rights and remedies hereunder. SECTION 4. Further Assurances . (a) The Grantor agrees that from time to time, at its own expense, it will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that the Secured Party may reasonably request, in order to perfect and protect the security interest granted or purported to be granted hereby or to enable the Secured Party to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, the Grantor will execute and file such financing or continuation statements, or amendments thereto, and such other instruments or notices, as may be necessary or desirable, or as the Secured Party may reasonably request, in order to perfect and preserve the security interest granted or purported to be granted hereby. (b) The Grantor hereby authorizes the Secured Party to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral without the signature of the Grantor where permitted by law. A carbon, photographic or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. (c) The Grantor will furnish to the Secured Party from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Secured Party may reasonably request, all in reasonable detail. SECTION 5. As to Equipment . (a) The Grantor will keep the Equipment at the place specified in Section 3(d) or, upon 30 days' prior written notice to the Secured Party, at such other places in jurisdictions where all action required by Section 4 has been taken with respect to the Equipment. (b) The Grantor will cause the Equipment to be maintained and preserved in the same condition, repair and working order as when acquired, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and will forthwith, or in the case of any loss or damage to any of the Equipment as quickly as practicable after the occurrence thereof, make or cause to be made all repairs, replacements, and other improvements in connection therewith that are necessary or desirable to such end. The Grantor will promptly furnish to the Secured Party a statement respecting any loss or damage to any of the Equipment. (c) The Grantor will pay promptly when due all property and other taxes, assessments and governmental charges or levies imposed upon, and all claims (including, without limitation, claims for labor, materials and supplies) against, the Equipment, except to the extent that the validity thereof is being contested in good faith and by appropriate proceedings. SECTION 6. Insurance . The Grantor will at all times maintain, with financially sound and reputable insurers, casualty insurance policies with respect to the Collateral and the Grantor's other assets. All such insurance policies shall be in such form, substance, amounts and coverage as may be satisfactory to the Secured Party and shall provide for 30 days' prior written notice to the Secured Party of cancellation or reduction of coverage. The Grantor hereby irrevocably authorizes the Secured Party and any designee of the Secured Party to obtain such insurance at the Grantor's expense and, upon the occurrence and during the continuation of any Event of Default (as defined in Section 11(c)), to adjust or settle any claim or other matter under or pursuant to such insurance or to amend or cancel such insurance. The Grantor will deliver to the Secured Party evidence of such insurance and a lender's loss-payable endorsement naming the Secured Party and Celtic as loss payees as to all existing and future insurance policies relating to the Collateral. The Grantor will deliver to the Secured Party, in kind, all instruments representing proceeds of insurance received by the Grantor. The Secured Party may apply any and all insurance proceeds received at any time to the cost of repairs to or replacement of any portion of the Collateral and/or, at the Secured Party's option, to the payment of or as security for any of the Obligations, whether or not due, in any order or manner as the Secured Party determines. SECTION 7. Transfers and Other Liens . (a) The Grantor will not sell, assign (by operation of law or otherwise) or otherwise dispose of any of the Collateral, except with the prior written consent of the Secured Party, which consent may be granted or withheld by the Secured Party in its sole and absolute discretion. (b) The Grantor will not create or suffer to exist any lien, security interest or other charge or encumbrance upon or with respect to any of the Collateral to secure indebtedness of any person or entity, except for the security interest created by this Agreement. SECTION 8. Secured Party Appointed Attorney-in-Fact . The Grantor hereby irrevocably appoints the Secured Party to be the Grantor's attorney-in-fact, with full authority in the place and stead of the Grantor and in the name of the Grantor or otherwise, from time to time in the Secured Party's discretion, to take any action and to execute any instrument that the Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation: (i) to obtain and adjust insurance required to be paid to the Secured Party pursuant to Section 6; (ii) to ask for, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral; (iii) to receive, endorse, and collect any drafts or other instruments, and any documents and chattel paper, in connection with clause (i) or (ii) above, and (iv) to file any claims, take any action or institute any proceedings that the Secured Party may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce the rights of the Secured Party with respect to any of the Collateral. SECTION 9. Secured Party May Perform . If the Grantor fails to perform any agreement contained herein, the Secured Party may itself perform, or cause performance of, such agreement, and the expenses of the Secured Party incurred in connection therewith shall be payable by the Grantor under Section 12(b). SECTION 10. Secured Party's Duties . The powers conferred on the Secured Party hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, the Secured Party shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral. SECTION 11. Remedies . If any Event of Default (as defined in Section 11(c)) occurs and is continuing: (a) The Secured Party may exercise in respect of the Collateral, in addition to other rights and remedies provided for herein or otherwise available to it, all of the rights and remedies of a secured party on default under the Uniform Commercial Code of California (the "Code") (whether or not the Code ---- applies to the affected Collateral) and may also (i) require the Grantor to, and the Grantor hereby agrees that it will at its expense and upon request of the Secured Party forthwith, assemble all or part of the Collateral as directed by the Secured Party and make it available to the Secured Party at a place to be designated by the Secured Party that is reasonably convenient to both parties and (ii) without notice except as specified below, sell the Collateral or any part thereof in one or more parcels at public or private sale, at any of the Secured Party's offices or elsewhere, for cash, on credit or for future delivery, and upon such other terms as the Secured Party may deem commercially reasonable. The Grantor agrees that, to the extent notice of sale is required by law, at least ten days' notice to the Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. The Secured Party shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Secured Party may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned. (b) All cash proceeds received by the Secured Party in respect of any sale of, collection from, or other realization upon all or any part of the Collateral may, in the discretion of the Secured Party, be held by the Secured Party as collateral for, and/or then or at any time thereafter applied (after payment of any amounts payable to the Secured Party pursuant to Section 12) in whole or in part by the Secured Party against, all or any part of the Obligations in such order as the Secured Party elects. Any surplus of such cash or cash proceeds held by the Secured Party and remaining after payment in full of the Obligations shall be paid over to the Grantor or to whoever may be lawfully entitled to receive such surplus. (c) As used herein, "Event of Default" means any of the following: (i) the Grantor fails to make any payment of principal of or interest on either Note when due; (ii) the Grantor fails to perform any other material term, covenant or agreement contained herein, in either Note, in any real-property lease to which it is a party or in any other document executed by the Grantor as contemplated by the Workout Agreement, in any case within 10 days after written notice thereof from the Secured Party has been received by the Grantor; (iii) the Grantor generally does not pay its debts as such debts become due, admits in writing its inability to pay its debts generally or makes a general assignment for the benefit of creditors; any proceeding is instituted by or against the Grantor seeking to adjudicate it a bankrupt or insolvent, seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of any order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property; or the Grantor takes any corporate action to authorize any of the actions set forth above in this subsection (iii); or (iv) this Agreement for any reason ceases to create a valid and perfected first-priority security interest in any material portion of the Collateral purported to be covered hereby. SECTION 12. Indemnity and Expenses . (a) The Grantor agrees to indemnify the Secured Party from and against any and all claims, losses and liabilities growing out of or resulting from this Agreement (including, without limitation, enforcement of this Agreement), except claims, losses or liabilities resulting from the Secured Party's gross negligence or willful misconduct. (b) The Grantor will upon demand pay to the Secured Party the amount of any and all reasonable expenses, including, without limitation, the reasonable fees and disbursements of its counsel and of any experts and agents, that the Secured Party may incur in connection with (i) the administration of this Agreement, (ii) the custody, preservation, use or operation of, or the sale of, collection from or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Secured Party hereunder or (iv) the failure by the Grantor to perform or observe any of the provisions hereof. SECTION 13. Amendments; Etc. No amendment or waiver of any provision of this Agreement, or consent to any departure by the Grantor herefrom, shall in any event be effective unless the same is in writing and signed by the Secured Party, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. SECTION 14. Addresses for Notice . All notices, demands and other communications provided for hereunder shall be in writing and shall be mailed, telecopied or delivered, if to the Grantor, to it at 14101 Myford Road, Tustin, California 92780, telecopier number 714-505-2232, to the attention of the Chief Executive Officer; if to the Secured Party, to it at Sullivan Hill Lewin Rez & Engel, 550 West C Street, Suite 1500, San Diego, California 92101, telecopier number 619-233-4100, to the attention of James P. Hill; if to Celtic, to it at 2951 28th Street, Suite 2030, Santa Monica, California 90405, telecopier number 310-314-7338, to the attention of Mark Hafner, President; or, as to any party, to it at such other address or telecopier number as designated by such party in a written notice to the other parties. All notices, demands and other communications hereunder shall, (a) when mailed, be effective 3 business days after the same is deposited into the mails with first-class postage prepaid, (b) when sent for next-day delivery by a reputable freight company or reputable overnight courier service, be effective 1 business day after the same is delivered to such company or service, as the case may be, and (c) when sent by telecopier, be effective on the opening of the next business day after sending. SECTION 15. Continuing Security Interest; Transfer of Notes . This Agreement shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until payment in full of the Obligations, (b) be binding upon the Grantor, its successors and assigns and (c) inure, together with the rights and remedies of the Secured Party hereunder, to the benefit of the Secured Party and its respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (c), the Secured Party may assign or otherwise transfer the Notes to any other person or entity, and such other person or entity shall thereupon become vested with all of the benefits in respect thereof granted to the Secured Party herein or otherwise. Upon payment in full of the Obligations, the security interest granted hereby shall terminate, and all rights to the Collateral shall revert to the Grantor. Upon any such termination, the Secured Party will, at the Grantor's expense, execute and deliver to the Grantor such documents as the Grantor reasonably requests to evidence such termination. SECTION 16. Governing Law; Terms . This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of California. Unless otherwise defined herein, terms used in Division 9 of the Code are used herein as defined therein. IN WITNESS WHEREOF, the Grantor has caused this Agreement to be duly executed and delivered by its officer thereunto duly authorized, as of the date first written above. ALTON DIVERSIFIED TECHNOLOGIES, INC. By: /S/ Lyle Jensen ---------------- Name: Lyle Jensen Title: Chief Executive Officer SCHEDULE 1 to Security Agreement EQUIPMENT --------- Equipment Located at 1375 Specialty Drive, Vista, California ------------------------------------------------------------------- Bleeker Brothers 12' Openside Spray Booth. 8' Openside Spary Booth. De VilBiss 21' Openside Spray Booth. Despatch 6' x 8' Gas Fired Oven. S/N 85522 Induco 8' x 18' Dbl. Door Gas Fired Bake Oven. S/N 6024 6' Stroke Sander. Media Blast 3' x 4' Down Draft Deburr Table. S/N 1887994 (17) Steel Pallet Shelving. Scheer Tumico 14" Optical Comparator. Craftsman Radial Arm Saw. (2) Amada Mod. RG-10s, 100 Ton, 8 Amada Controls. #121-B S/N 102333 (1983) #122-A S/N 102515 (1984) Cincinnati 10' x 175 Ton CNC Hyd. Press Brake, Cincinnati Adaptive Auto. From CNC Control. S/N 45463 (1983) Amada Mod. RG-25, 25 Ton CNC Press Brake, Amada CNC Controls. #121-C S/N 254833 (3) Amada Promecan Mod. RG-80, 6' x 80 Ton CNC Press Brakes, CNC NC9-EX Controls. #121-A S/N 806433 (1985) #233-B S/N N/A #125-A S/N N/A (1979) Amada Mod. M-2560, 8' Power Squaring Shear. #21 S/N 2560154 Panasonic Phone System, Bext Hybrid Server. (1993) DiAcro Mod. QHA-3215, 4' x 15 Ton Adira Autobend 7 Controls. #125-C S/N 3434/6720 (1980) Amada Mod. RG-80, 80 Ton Brake, Dynabend 3. S/N 804203 (1995) Prececo Mod. HD-42-72-G-2000-2-2RD, Typhoon Vert. Power Washer. S/N 95-255 TBI CNC Chucker. (1984) Amada Vella II 305050, 30 Ton, 58-Station, Thick Turret, Fanuc 6M-V CNC Control. S/N 55580 Cemco 2000, 36" x 20 HP Wide Belt Sander. S/N N/A (1983) Amada Pega 344Q, 30 Ton Fab, 56-Station, Fanuc 6M-V CNC. #32 S/N AH440130 Reid Mod. 618, Hyd. Surface Grinder. #112 S/N 12364 (1984) Amada Mod. TEG160C, Bench Top Die Grinder. S/N HD1460 (3) Finn Power Mod. TP2520IF2/AM, Siemans Sinumerik Sys 3, CNC. #34-A S/N 7.7-252035495 (1995) Mod. TP2520IF2/21/AM #34-B S/N 7.7-252036495 (1995) Mod. TP3025IF2/21/AM #33 S/N 7.7-30257693 (1993) Comaca Power Corner Notcher. Apex 16" Disc Sander. Pem Serter Hardware Press. 3' Power Shear. Linde Power Supply. Boice Acra-Cora 2' x 3' CMM. Teledyne 50 Spot Welder, Solid State. Teledyne 75 KVA, 24" Solid State Spot Welder. (1985) Adia Ramos Mod. QH-3015, 3' 15 Ton Press Brake, Dynabend. S/N 1547/3434 Whitney Punch. Daniels 4- Post Vert Hyd. Press, 30" x 30" Platten. #43 S/N N/A Smoke Master Port. Exhaust System. (2) Whitney Kick Punches. Sterebro Bruk 15" x 42" cc. Engine Lathe. S/N 11758 Supermax 2 H.P. V.S. Vert. Mill w/ D.R.O.'s, 9" x 42" P.F. Work Table. #81 S/N 7642 Kondia Clausing CNC V-Mill, 36" Delta 10 CNC. #84 S/N s-897 (head) Boyar Schultz Mod. 618, Hyd. Surface Grinder. S/N CH-2800-1A DoAll Mod. 3012-N, Vert. Band Saw. #102 S/N 147-61418 Brown Miter Cold Saw Cut-Off Saw. Rutland 9" Horiz. Band Saw. S/N AF-52551 (1990) Cincinnati Robot w/ 2 Welding Positioner, (3) Pana Star AE350 Artificial Intelligence & Power Supply, PC Computer. #181 S/N 8021C Airco 130 Amp. Wire Welder. 4' x 6' Granite Surface Plate. (2) Arc Welders. Central 10" Table Saw. Airco Wire Welder Linde Power Supply. Linde V1-400, Wire Welder. (2) Miller 185 Amp. Arc Welders. (2) Linde 250HF, Heli-Arc Welders. Miller Syncro Wave 250 Heli-Arc Welder. Esab SV1300 CVCC Boom Wire Welder. 50 KVA Spot Welder. Nelson Stud Welder. Sciacky 100 KVA Spot Welder, 36" Throat, Unitrol. S/N 10452 Janda 45 KVA, 24" Spot Welder w/ Entron Controls. #141 S/N N1317 Janda 50 KVA, 24" Spot Welder w/ Entron Controls #142 S/N R1221 Janda 50 KVA, 24" Spot Welder. #143 S/N R2137 (2) Grindmaster 36" Speed Belt Sanders w? Wet Dust Collectors. S/N TE-1290US S/N TP-1608-02 G&P 10' Stroke Sander. S/N N/A (2) Haeger Mod. HP6-C, 6 Ton Hardware Presses. #161-B S/N 2308 #163-B S/N N/A (3) Haeger Mod. 618, 6 Ton Hardware Presses. #162-B S/N 607 #N/A S/N 2206 w/ Feeder #N/A S/N 2585 w/ Feeder (2) Haeger Mod. HP6-B, 6 Ton Hardware Presses w/ Feeders #162-A S/N 1628 #163-A S/N N/A 2" Belt Snader. Ultramatic Vibro Finishing Mill. Big Joe Elec. Pallet Lift. S/N 333069 Lewis Sheppard Stand Up Elec. Pallet Lift. Toyota 3500 Lb. L.P.G. Powered Forklift, 136" Mast. S/N N/A Komatsu 4480 Lb. L.P.G. Forklift, 188" S.S. Mast. S/N 177500A Isuzu 16' Bobtail Truck. Lic. #4P57727 21' Bobtail Truck. Lic. # 5P64964 Brake Dies & Punches. (3) Dbl. Bar Height Gages. 3x3 Granite Surface Plate. (2) 2x3 Granite Surface Plates. (2) Curtis R/S 30, 20 H. Screw A.C.'s. S/N 06E97005 S/N 06D97004 Forklift Man Cage. (3) Hyd. Pallet Jacks. (18) PC Computers. (3) Asst. Laser & Inkjet Printers. Sanyo TV w/ VCR. (2) HP Fax 700, Fax Machines. HP Laser 5N, Printer. Canon 6230, Copier. HP Laser Jet 4V, Printer. HP Laser BP Printer. Misc & Office Equipment. Equipment Located at 4040 Calle Platino, Oceanside, California --------------------------------------------------------------------- (1988) LeBlond-Makino Regal Servo Shift 15" x 54" cc. Engine Lathe, 2-Axis D.R.O. KDK Quick Change Tool Post, 3 & 4 Jaw Chucks, Collet Closer, 6" Camlock Spindle Nose, Tailstock, Coolant. S/N 14C-1133 Cadillac 17" x 35" Engine Lathe. S/N 058310/A (1990) Daewoo Puma 8' CNC Slant Bed Turning Center w/ Fanuc Series 15T Control w/ Color CRt Display, Spego Turnamic Hyd. Bar Feed, Turbo Chip Conveyor, 3-Jaw Chuck, 12-Station Turret & Hyd. Tailstock. S/N 370494 (1988) Fadal Mod. VMC4020, 906-1, CNC Vert. Machining Center, CNC 99 Control W/ CRT Display, 22-Station A.T.C., 20" x 40" Work Table, 40" x 20" x 20" Travels & 10 H.P. Spindle Motor. S/N 8802154 (2) (1997) Fadal Mod. VMC4020, 906-1 CNC Vert. Machining Centers, 22-Station A.T.C.'s 40" x 20" Work Tables, CNC 88HS Contols. S/N 9711728 S/N 9711697 (1993) Fadal Mod. VMC4020HT, 906-1 4-Axis CNC Vert. Machining Center w/ CNC 88HS Control, CRT Dislay, 22- Station A.T.C., 40" x 20" Work Table. S/N 9306404 (1992) Fadal Mod. VMC4020HT, 906-1, 4-Axis CNC Vert. Machining Center w/ CNC88 Control, CRT Display, 22-Station A.T.C., 40" x 20" Work Table. S/N 9203997 Okuma Mod. LB10-M, CNC Horiz. Turning Center, 12-Station Turret Tool Changer, Hyd. Chuck, OSP5000L-G CNC Control. S/N 48992504 (1992) Do All Mod. C916M, 9" x 16" Cap. Horiz. Band Saw, Pneu. Clamping, Power Feed Saw Head. Cutting Speeds, Pneu. Clamping, Power S/N 48992504 (2) Bridgeport 2 H.P. V.S., 2-Axis CNC Vert. Milling Machines w/ Eztrak SX CNC Controls w/ CRT Displays, 9" x 48" Work Tables, Chrome Ways & Bijur Lubrication Systems. S/N 261448 S/N 261162 (2) (1988) Mori-Seiki Mod. SL-15, CNC Slant Bed Turning Centers, Fanuc Series 10T CNC Controls w/ CRT Displays, 6", 3-Jaw Chucks, 12-Station Turrests, Hyd. Tailstocks. S/N 204 S/N 185 (2) Tsugami Mod. T-SPL, High Speed Chucking Lathes, 8-Station Turret, Travel Dials, Collet Closers, Coolants. S/N 4132 S/N 3514 (1980) Hardinge Mod. HC, Precision Chucker, 8-Station Turret, Collet Closer , Coolant. S/N HC5687T (2) Acra Mill 2 H.P. Vert. Milling Machines w/ Sargon 2-Axis D.R.O.'s 9" x 42" Power Feed Tables, One Shot Lubrication. S/N 502980 S/N 502862 Rockwell 15" x 4-Station Gang Drill, Procunier Multi Spindle Drill Head S/N N/A Rockwell Delta 20" V.S. Vert. Band Saw w/ Butt Weld. S/N 1616328 Boyar Schultz Mod. HR612, 6" x 12" Manual Surface Grinder, 6" x 12" Electromagnetic Chuck. S/N 28696-HR Combination 6" Belt/12" Disc Sander. (3) Drill Presses. Makita 35MM Chop Saw. Baldor H.P. Dual Ped. Grinder. Dual Wheel Grinder w/ Pedestal. Oxy-Acetylene Torch Set. Kahmann Mod. 500, Aero Blast Abrasive Blast Cabinet. 15' x 20' Steel Mezzanine. MicroVu Mod. H14, 14: Optical Comparator w/ D.R.O.'s. S?N 2530 J&L Meteorology 14" Optical Comparator w/ Side Reflector. Brown & Sharpe Validator 2' Coordinate Measuring Machine w/ PC Computer. Misc. Shop Equipment. Equipment Located at 1958 Kellogg Avenue, Carlsbad, California --------------------------------------------------------------------- (2) Elco HR1 Mod. 0619840102, Load Crimp Presses. S/N 542 S/n 818 Eubanks Mod. 04600, Wire & Tubing Cutter. S/N 118342 Amp Bench Top Crimp Press. S/N 225795 Eubanks Mod. 02600, Wire Stripper/Cutter w/ Eubanks Mod. 6215, Electra Demand Prefeed. S/N 67898 Eubanks Mod. 03751, Bench Type Wire Stripper. Ideal Mod. 440, Strip Master. Hedco V- Former. Lead Tester. (2) Hako 250 Lead Soldering Stations. Amp Mod. 23-106-1E, Camphor Connector Machine. S/N 107312 (2 Scienscope Binocular Microscopes. Blue M Mod. OV12A, Oven. A.O. McBain Binocular Microscope. PMGE Power Module Test Fixture. Vacuum Degassing Pump. Ledco Mod. 900, Crimp Press. S/N 1414 I.R. 5 H.P. Horiz. Tank Mounted Air Compressor. (22) Asst. Work Benches. (39) P.C. Computers. (2) Zebra Mod. 1055, Label Printers. Toshiba Mod. 4550, Copier w/ Collator. Tiptronics Mod. HD100, Hi-Pot Tester. Cablescan Tester. (3) Amp Mod. 565435-5C, Crimp Presses. S/N 121473 S/N 118734 S/N 114073 Berg Mod. 1252, Crimp Press. S/N B015 Molex Mod. TM40D, Crimp Press. S/N 133 Molex Mod. OSCD1739, Bench Crimper Press. S/N N/A (2) Molex Mod. P4979A, Bench Crimp Presses. S/N 1317 S/N 1894 Molex Mod. OSD1487, Bench Crimp Press. S/N 3124 JST Mod. AP-K2N, Versatile Crimping Press. S/N 0743 Amp. Connection Tester. (1998) Jae Mod. CP210-16, Crimper. S/N 98-2110 Carpenter Mod. 49A, Bench Type Cut-Off Machine. Ackergould Mod. EM-8, Bench Type Hot Platen Press. S.N 821087 (2) IPC Mod. TTM-HS2, Vert Rotary Injection Molders w/ Athena Controls. S/N 10059 S/N 10003 Eubanks Mod. 03230, Wire Stripper/Bender Degristi Degreaser. Heller Lead Trimmer. "Q" Leadomatic Mod. 90003, Lead Cutter. Air Vac Mod. PCBRM10, Furnace. Hollis Mod. 205704, Wave Solderer Machine, Flux Reagent. S/N AT11554 Fig Mod. ERS-280, White Oven. S/N N/A Custom Scanner. Custom Test Unit. Electrovert Mod. 1020, Aqua-Flo System 10, Wave Soldered Machine, Flux Reagent. S/N 09402 Hollis Mod. Polyclean, Aqueous Auto. Washer. S/N PC7466 (4) Mantis Vision Enc. Inspection Scopes. (14) 8" PC Boars Assembly Racks. (10) Soldering Stations. (2) Desoldering Stations. VM Binocular Inspection Microscope. (22) Magnifying Lamps. Grieve Mod. 333, Elec. 350 Degrees Fahrenheit Oven, 3'x 3' Chamber. S/N 310050 Craft Inspection Microscope w/ (2) Sony CCTV Cameras & Monitor. Lead Forming / Cutting machine Consisting of: Heller Mod. EIOU Leadmaster S/N C7915; (2) Heller Bench Top Leadmasters; Hepco Mod. 15201, Lead cutter; Hystrekfab Mod. 10, Former. Eclipse Mod. 3500, 24" x 19" Screen Print Machine. Dehaart Mod. AOL-15E, Screen Print Machine S/N 884 (1998) BTU International Mod. VIP70A, 10-Zone Belt Furnace. S/N BGTU1270 (1996) Mydata Mod. TP11-UFP, Hydra Speed Mount Auto. Pick & Place Machine w/ Feeders. S/N 11195-19971030 SMT Mod. SL2220, Double Vision Semi-Auto Screen Printer. S/N N/S (1994) Takaya Mod. APT-8400, Screen Printer S/N 94030055 (2) Scanoptics Hi-Speed Scanners. Alpha Metals Mod. 600SMD, 18" x 18" Microprocessor Controlled Ionic Contamination Test System. S/N 606099 Custom Test Unit w/ (2) Oscilloscopes. TEK Mod. 475, Oscilloscope. (2) Flammable Cabinets. H.P. Mod. 3070, Series II Scanner w/ PC Computer Scherr Tumico 14" Optical Comparator. (3) Hyd. Pallet jacks. Raymond Mod. 20R30TT, 3000 Lb. Cap. Reach Truck. S/N P20-79-14875 Trade Show Exhibit (12 Crates) I.R. 30 H.P. Screw Type Air Compressor w/ Air Dryer. (121) Pallet Shelving Eubank Mod. 940, Stripper. Leoco Mod. 900, Wire Stripper. Schleuniger US2015, Wire Stripper. Unitron Binocular Microscope ZSM 0.6X-3X. S/N 852794 (2) Leader LBO-526, Oscilloscopes. Tek T922, Oscilloscope. (2) AC Units. (220) SMT Feeders. BTU Infraflo 5000LV, Turbair Belt Furnace. S/N IR5S129382-041 1990 Fuji FGU II 4000, Glue station (2) (1991) Thermodynamic Mod. 2409, ESS Chambers. S/N 1563 S/N 1552 Baron Blakeslee Degreaser. S/N 60168 Atlas Mod. APG8651, Generator. American Mod. L445AA, Elec. Motor Generator. Century Mod. 603, Compressor. Transparent Devices Inc. Mod. 1140, Developer. (1997) Dodge Van. Lic. # SE3195 S/N 119870 (45) PC Computers. (9) Laser & Ink Jet Printers. HP Laser Jet 4SI Printer HP Laser Jet 4000, Laser Printer. Toshiba Fax Machine Xerox Fax Machine (2) Ricoh Mod. FT6655, Copiers. Brother Fax Machine. Computer Netwoek w/ (3) Servers, Hub, Etc. JVC TV & VCR. Toshiba 21" TV. Canon Fax machine Misc. Shop & Office Equipment.