exhibitc.htm







	  	  	
BORROWING BASE REPORT

	  	  
	  	  	  	  	
 Rpt #

	  
	  	
Obligor Number:

	  	  	
 Date:

	  
	  	
Loan Number:

	  	  	
Period Covered:

	  
	
COLLATERAL CATEGORY

	  	  	  	  
	  	  	
A/R

	  	
Total Eligible Collateral

	
0.00


	
Description

	  	  	  	  
	
1

	
Beginning  Balance ( Previous report - Line 8)

	  	  	  
	
2

	
Additions to Collateral (Gross Sales or Purchases)

	  	  	  	  
	
3

	
Other Additions (Add back any non-A/R cash in line 3)

	  	  	  
	
4

	
Deductions to Collateral (Cash Received)

	  	  	  	  
	
5

	
Deductions to Collateral (Discounts, other)

	  	  	  	  
	
6

	
Deductions to Collateral (Credit Memos, all)

	  	  	  	  
	
7

	
Other non-cash credits to A/R

	  	  	  	  
	
8

	
Total Ending Collateral Balance

	
0.00

	  	  	  
	
9

	
Less Ineligible - Past Due

	  	  	  	  
	
10

	
Less Ineligible - Cross-age ( 50%)

	  	  	  	  
	
11

	
Less Ineligible - Foreign

	  	  	  	  
	
12

	
Less Ineligible - Contra

	  	  	  	  
	
13

	
Less Ineligible - Other (attach schedule)

	  	  	  	  
	
14

	
Total Ineligibles -Accounts Receivable

	
0.00

	  	  	  
	  	  	  	  	  	  
	  	  	  	  	  	  
	
15

	
Total Eligible Collateral

	
0.00

	  	  	  
	
16

	
Advance Rate Percentage

	
85%

	  	  	  
	
17

	
Net Available - Borrowing Base Value

	
0.00

	  	  	  
	
18

	
Reserves - Dilution Reserve

	
0.00

	  	  	  
	
19

	
Total Borrowing Base Value

	
0.00

	  	  	  
	
20.A

	
Total Availability/ CAPS

	
0.00

	  	  	  
	
20.B

	
 Revolver Line

	
15,000,000.00

	  	
Total Revolver Line

	
0.00


	  	  	  	  	  	  
	
21

	
Maximum Borrowing Limit (Lesser of 20.A or 20.B)*

	
0.00

	  	
Total Available

	
0.00


	  	  	  	  	  	  
	  	
LOAN STATUS

	  	  	  	  
	
22

	
Previous Loan Balance (Previous Report Line 31)

	
0.00

	  	  
	
23

	
Less:  A.  Net Collections (Same as line 4)

	  	
0.00

	  	  
	  	
                B.  Adjustments / Other _________________

	  	  	  	  
	
24

	
Add:   A.  Request for Funds

	  	
0.00

	  	  
	  	
               B.  Adjustments / Other __________________

	  	  	  
	
25

	
New Loan Balance

	  	
0.00

	
Total New Loan Balance:

	
0.00


	
26

	
Letters of Credit/Bankers Acceptance Outstanding

	  	  	
0.00


	
27

	
Availability Not Borrowed (Lines 21 less 25 & 26)

	  	  	
0.00


	
28

	  	  	  	  	  
	
29

	
OVERALL EXPOSURE (lines 31 & 34)

	  	  	  	
0.00


	  	
Pursuant to, and in accordance with, the terms and provisions of that certain Loan and Security Agreement ("Agreement"), between JPM Chase ("Secured Party") and


	  	
Audiovox Corporation ("Borrower"), Borrower is executing and delivering to Secured Party this Collateral Report accompanied by supporting data (collectively referred to as ("Report").


	  	
Borrower warrants and represents to Secured Party that this Report is true, correct, and based on information contained in Borrower's own financial accounting records.  Borrower, by the execution of this


	  	
Report, hereby ratifies, confirms and affirms all of the terms, conditions and provisions of the Agreement, and further certifies on this 31 day of March  2010, that the


	  	
Borrower is in compliance with said Agreement.

	  	  	  	  
	  	
 BORROWER NAME:

	  	
 AUTHORIZED SIGNATURE:

	  
	  	  	  	  	  	  
	  	
AUDIOVOX CORPORATION