FIRST AMENDMENT TO CREDIT FACILITY AGREEMENT
This FIRST AMENDMENT TO CREDIT FACILITY AGREEMENT (" Agreement "), made this ___
day of July, 2008 to be effective as of the 30th day of May, 2008, is by and between IEC ELECTRONICS
CORP., a corporation formed under the laws of the State of Delaware (" Borrower ") and
MANUFACTURERS AND TRADERS TRUST COMPANY (" Lender "), a New York banking corporation,
with offices at 255 East Avenue, Rochester, New York 14604.
WHEREAS, Borrower and Lender are parties to that certain Credit Facility Agreement, dated as of
May 30, 2008 (the "Credit Agreement"); and
WHEREAS, the Credit Agreement contains certain errors which Borrower and Lender desire to correct,
effective as of the date of the Credit Agreement.
NOW, THEREFORE, the parties hereby agree as follows:
Credit Agreement Affirmed. Except as expressly amended hereby, the Credit Agreement is in
all respects ratified and confirmed, and all of the terms, provisions and conditions thereof shall be and remain in
full force and effect, and this Amendment and all of its terms, provisions and conditions shall be deemed to be a
part of the Credit Agreement. All capitalized terms used herein and not otherwise defined shall have the meanings
ascribed to them in the Credit Agreement.
Correction of Financial Covenants . ARTICLE XI of the Credit Agreement is hereby amended
to read in its entirety as follows:
ARTICLE XI - FINANCIAL COVENANTS
So long as any Obligations shall be outstanding or this Agreement remains in effect, unless Lender
otherwise consents in writing, Borrower shall:
Debt to EBITDARS . Maintain a Debt to EBITDARS Ratio, on a consolidated
basis, no greater than 4.0 to 1.00, reported at the end of the Fiscal Quarter ending June 30, 2008.
Thereafter, maintain at all times a Debt to EBITDARS Ratio, on a consolidated basis, no greater than
3.75 to 1.00, reported at the end of each Fiscal Quarter commencing with the Fiscal Quarter ending