CONTRACT FOR PURCHASE AND SALE/LEASEBACK

         ROBINSON  NUGENT,  INC.,  an Indiana  corporation  (hereinafter  called
"Seller"), agrees to sell to SAM & JB, LLC, an Indiana limited liability company
(hereinafter called  "Purchaser"),  and Purchaser hereby agrees to purchase from
Seller,  certain  real  estate  located at 800 East Eighth  Street,  New Albany,
Indiana,  consisting of 2.88 acres of land,  more or less, as more  particularly
described on Exhibit A attached  hereto and  incorporated  herein by  reference,
together with all  appurtenances  and  hereditaments  thereunto  belonging  (the
"Land"), together with the office and manufacturing facility located thereon and
fixtures  related thereto (the  "Improvements")  (the Land and the  Improvements
being  hereinafter  referred to as the "Real Estate"),  for the total sum of Two
Million Two Hundred Thousand Dollars and no/100  ($2,200,000.00)  (the "Purchase
Price"),  subject to the following,  and only the  following,  written terms and
conditions.

         1.       Payment.  The Purchase Price shall be paid as follows:

                           1.  Earnest  Money.  Purchaser  herewith  tenders  to
                  Seller,   the  sum  of  Ten   Thousand   Dollars   and  no/100
                  ($10,000.00)  (the "Earnest  Money"),  the receipt of which is
                  hereby  acknowledged  by Seller.  The  Earnest  Money shall be
                  applied to the Purchase  Price and shall be credited  first to
                  any  portion  thereof  payable in cash at the time of closing.
                  The Earnest Money shall be returned  immediately  to Purchaser
                  if any condition or  requirement in this Contract for Purchase
                  and Sale  Leaseback  (this  "Contract")  is not  satisfied  by
                  Seller  or  waived  by  Purchaser   within  the  time  periods
                  specified  herein.  The Earnest  Money shall be  forfeited  as
                  liquidated damages, which shall be Seller's sole remedy at law
                  or in equity, in the event that Purchaser shall fail or refuse
                  to perform its  obligations  herein  specified  on the Closing
                  Date (as defined herein).

                           2. Payment on Closing.  Purchaser shall pay to Seller
                  at closing the Purchase Price,  less the Earnest Money and any
                  other  credits  due  Purchaser  pursuant  to the terms of this
                  Contract, plus any credits due Seller pursuant to the terms of
                  this  Contract,  by certified  check,  cashier's  check,  wire
                  transfer to an account  designated by Seller,  or otherwise by
                  immediately available funds.

         2.       Title.  Purchaser  hereby  agrees to accept  title to the Real
                  Estate in its  present  condition,  without the benefit of any
                  evidence of title being provided by Seller. Purchaser shall be
                  entitled to obtain, at its sole cost and expense,  any and all
                  evidence of title and/or an owner's policy of title  insurance
                  as it may elect.  However, such evidence of title shall not be
                  deemed a condition of this Contract.


         3.       Survey.  [INTENTIONALLY OMITTED]

         4.       Right of Inspection  and Tests;  Reports.  For a period of two
                  (2)  days  from  and  after  the  date of this  Contract  (the
                  "Diligence Period"), Purchaser and its agents shall have



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                  the right to enter upon the Real  Estate to  inspect  the Real
                  Estate  and to perform  such  environmental,  engineering  and
                  other  tests,  as  Purchaser  reasonably  deems  necessary  or
                  appropriate.

                  All  inspections  and tests shall be made at Purchaser's  sole
                  cost and expense, and Purchaser shall be liable for any damage
                  caused to the Real  Estate or to any  persons  thereon  during
                  said  inspections  and  tests,  and shall  indemnify  and hold
                  harmless  Seller from and against any such damage or injury or
                  claims and causes of action resulting therefrom.  Seller shall
                  permit Purchaser,  or Purchaser's  representatives and agents,
                  to enter  upon the Real  Estate  at any time  during  business
                  hours  during the  Diligence  Period for the purpose of making
                  tests and inspections.

                  If Purchaser is unable to determine and/or obtain satisfactory
                  results with respect to its  inspections  and tests during the
                  Diligence  Period,  Purchaser  may,  at its  election,  notify
                  Seller in writing,  at the place herein  provided for notices,
                  that it is  dissatisfied  with the results of its  inspections
                  and tests and that it  thereby  cancels  and  terminates  this
                  Contract,  in which case  neither  party  shall  have  further
                  liability to the other arising out of this Contract and Seller
                  shall  promptly  return the  Earnest  Money to  Purchaser.  If
                  Purchaser  does not notify Seller within the Diligence  Period
                  that  Purchaser  is  dissatisfied  with  the  results  of  its
                  inspections  and  tests,  then the  results  shall  be  deemed
                  satisfactory  to Purchaser  and the parties  shall  proceed to
                  closing.

          5.      Risk of Loss.  Seller shall bear the entire risk of loss until
                  closing.  If an event of casualty or condemnation  occurs with
                  respect to more than thirty percent (30%) of the  Improvements
                  prior to the Closing Date,  Purchaser  shall have the right to
                  terminate  this  Contract  within  thirty  (30) days after the
                  casualty or condemnation  event occurs.  If Purchaser does not
                  elect to  terminate  the  Contract,  and the  closing  occurs,
                  Purchaser  shall be  entitled  to a credit at Closing  for all
                  insurance  or  condemnation  proceeds  received by Seller with
                  respect to the event of casualty or condemnation.

          6.      Closing.  The transaction  contemplated hereby shall be closed
                  at the  offices of Seller in New  Albany,  Indiana on February
                  _____,  2000  or on  such  other  date  as the  parties  shall
                  mutually agree (the "Closing Date"). At closing, Seller agrees
                  to deliver to Purchaser,  in accordance with the terms of this
                  Contract, the following:

                           1.       Satisfactory  evidence of the  authority  of
                  the signers of the  conveyance  documents  to  consummate  the
                  transaction on behalf of Seller;

                           2. A duly authorized and executed  corporate warranty
                  deed in recordable  form,  conveying good and marketable title
                  to the Real Estate,  subject only to current taxes not yet due
                  and payable and all matters of record, unless otherwise agreed
                  in writing by Purchaser;


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                           3. A  fully  executed  copy  of the  Lease,  attached
                  hereto as Exhibit B, to be made by and between  Purchaser,  as
                  landlord,  and  Seller,  as tenant,  with  respect to the Real
                  Estate;

                           4. A duly authorized and executed vendor's affidavit,
                  in the form attached hereto as Exhibit C;

                           5. An affidavit stating that Seller is not a "foreign
                  person",  as  such  term  is used  inss.1445  of the  Internal
                  Revenue Code, and the regulations promulgated thereunder;

                           6. All other  documentation  which may be  reasonably
                  required in order to insure Purchaser with good and marketable
                  title to the Real Estate, which can be furnished by the Seller
                  without material cost or expense; and

                           7. All other  documents  necessary  to  complete  the
                  transaction contemplated by this Contract.

          7.      Closing Adjustments and Prorations.

                           1.  Taxes and  Assessments.  Purchaser  shall pay all
                  assessments for municipal  improvements made after the Closing
                  Date,  and so much of the real estate  taxes  assessed for and
                  becoming a lien  during  the  calendar  year in which  closing
                  occurs as shall be allocable to Purchaser after closing (i.e.,
                  prorated to date of  closing).  Any taxes or  assessments  not
                  assumed by Purchaser  and which are not due and payable at the
                  time of closing  shall be allowed to  Purchaser as a credit on
                  the cash payment required at closing,  and Seller shall not be
                  further  liable for such taxes.  If the actual tax rate is not
                  known on the Closing Date,  the taxes shall be prorated  based
                  upon the prior year's tax rate and  re-prorated  within thirty
                  (30)  days  after  the  actual  tax rate is  published  by the
                  appropriate governmental authority. Seller shall pay any State
                  of Indiana  gross  income tax due and payable by Seller on the
                  conveyance of the Real Estate.

                           2. Recording  Fees.  Purchaser shall pay all fees and
                  other costs related to the recording of the deed and any other
                  documents  for the  conveyance of the Real Estate to Purchaser
                  which are to be recorded; provided, however, that Seller shall
                  pay any State of Indiana  gross  income tax due and payable by
                  Seller on the conveyance of the Real Estate.

                           3. Utilities.  All expenses for utilities incurred on
                  or before the Closing Date (as defined below) shall be paid by
                  Seller.


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                           4. Management or Service  Contracts;  Insurance.  All
                  management  or  service  contracts  maintained  by  Seller  in
                  respect of the Real  Estate,  if any,  shall be canceled as of
                  the Closing Date. All insurance contracts maintained by Seller
                  in respect of the Real Estate and Personal  Property  shall be
                  canceled as of the Closing Date.

                  All  credits to  Purchaser  from the closing  adjustments  and
                  prorations described above or elsewhere in this Contract shall
                  reduce  the cash  portion  of the  Purchase  Price  payable at
                  closing,   and  all   credits  to  Seller   from  the  closing
                  adjustments  and  prorations  described  above or elsewhere in
                  this Contract  shall increase the cash portion of the Purchase
                  Price payable at closing. All costs, expenses, bills and other
                  obligations relating to the operation of the Real Estate which
                  are incurred or accrued  prior to or on the Closing Date shall
                  be paid by  Seller.  All  costs,  expenses,  bills  and  other
                  obligations relating to the operation of the Real Estate which
                  are  incurred or accrued  after the date of closing date shall
                  be  paid  by the  Purchaser.  If  one  party  pays  any of the
                  obligations of the other party under this Contract, the paying
                  party shall be entitled to  immediate  reimbursement  therefor
                  from the other party.

          8.      Lease.  As an  inducement  for  Purchaser to purchase the Real
                  Estate from Seller, at closing,  Seller agrees to enter into a
                  Lease for the Real  Estate  with  Seller in the form  attached
                  hereto as Exhibit B.

          9.      Possession. Seller shall deliver possession of the Real Estate
                  to Purchaser on the Closing Date.

         10.      Representations  and Warranties.  As a material  inducement to
                  Purchaser  for  entering  into this  Contract,  Seller  hereby
                  represents and warrants to Purchaser as follows:

                           1. Seller owns good,  marketable and indefeasible fee
                  simple title to the Real  Estate,  subject only to the lien of
                  current,  non-delinquent  real  estate  taxes  and  covenants,
                  conditions,  easements,  rights-of-way,  and other  matters of
                  record;

                           2. There is no litigation  or proceeding  pending or,
                  to the knowledge of Seller,  threatened against or relating to
                  the  Real   Estate,   including,   without   limitation,   any
                  proceedings  for  condemnation  or other  exercise  of eminent
                  domain;

                           3. To the knowledge of Seller,  there are no liens or
                  claims  which may ripen into  liens  against  the Real  Estate
                  other than those to be released at or before closing;

                           4. Seller has all necessary  authority to execute and
                  delivery  this  Contract  and  the  related  documents  and to
                  consummate the contemplated transaction.  The person executing
                  this  Agreement  and the related  documents  for the Seller is
                  authorized to do so;

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                           5. To the knowledge of Seller, there are no uncured,
                  written  notices of  violation  which have been  served by any
                  governmental  authority  alleging  violations of law, rules or
                  regulations  which would affect the Real Estate or any portion
                  thereof;

                           6. There are no parties  currently in  possession  of
                  the Real Estate other than Seller;

                           7.  Seller has not made any contract to sell,  lease
                  or otherwise  occupy all or any part of the Real Estate to any
                  person  other  than  Purchaser,  nor has  Seller  given to any
                  person an option  which is presently  exercisable  to purchase
                  all or any part of the Real Estate;

                           8. Seller is not involved in any  proceedings  by or
                  against Seller in any court under the federal  Bankruptcy Code
                  or any  insolvency  or debtor's  relief act,  whether state or
                  federal,  or  for  the  appointment  of a  trustee,  receiver,
                  liquidator,  assignee,  sequestrator or other similar official
                  of a substantial part of Seller's property;

                           9. There are no public  assessments or liens against
                  any of the Real  Estate  or any  claims  pending  which  would
                  result  in  the   creation   of  any  liens  for  any   public
                  improvements,  including but not limited to water, sanitary or
                  storm sewers or drainage facilities, whether such improvements
                  have been completed or are in progress; and

                           10.  To the  best  of  the  Seller's  knowledge,  the
                  Property is not within the  definition of the term  "property"
                  as used  in the  Indiana  Responsible  Property  Transfer  Law
                  ("IRPTL") (I.C. 13-25-3-1 through 13-25-3-15), and, therefore,
                  that the transfer of the Property  from Seller to Purchaser is
                  not subject to the provisions of IRPTL.

                  The foregoing  representations  and  warranties  shall survive
                  closing for a period of one (1) year after the  Closing  Date.
                  Each party shall  indemnify  and hold the other  harmless from
                  any and all loss (including,  without  limitation,  reasonable
                  attorneys' fees) damages, demands or claims which arise out of
                  or relate to the breach of any  representations  or warranties
                  contained  in  Section  10  or  elsewhere  in  this  Contract.
                  Purchaser's  obligation to close shall expressly be contingent
                  upon the  absence of any breach of any of the  representations
                  and  warranties  as of the Closing.  Except as  expressly  set
                  forth above,  the Real Estate  shall be sold to Purchaser  "AS
                  IS",  without any  representations  or warranties,  express or
                  implied, of any kind.



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         11.      Transfer Fees;  Commissions.  At closing, Seller shall pay the
                  cost of any state and/or local  transfer  conveyance  taxes in
                  the amount required by law. Seller and Purchaser represent and
                  warrant  to each  other  that they have  dealt with no broker,
                  finder or other  person with  respect to this  Contract or the
                  transactions contemplated hereby and, insofar as they know, no
                  broker,  finder or other person is entitled to any  commission
                  or a finder's fee in connection herewith. Seller and Purchaser
                  each agree to indemnify and hold harmless one another  against
                  any loss, liability, damage or claim incurred by reason of any
                  brokerage  commission  or  finder's  fee alleged to be payable
                  because of any act,  omission or statement of the indemnifying
                  party.  Such indemnity  obligations shall be deemed to include
                  the  payment of  reasonable  attorneys'  fees and court  costs
                  incurred in defending  any such claim,  and shall  survive the
                  closing.

         12.      Option  to  Repurchase.  Purchaser  hereby  agrees to grant to
                  Seller at Closing the exclusive right and option to repurchase
                  the Real Estate for a period of eighteen  (18) months from and
                  after  the  date of  Closing  for the sum of Two  Million  Two
                  Hundred Thousand Dollars ($2,200,000), subject to standard pro
                  rations.  The parties shall evidence  their  agreement in this
                  regard at Closing  pursuant  to a  Memorandum  of Option to be
                  recorded following recordation of the deed referred to above.

         13.      Notices. All notices,  requests,  demands,  consents and other
                  communications required or permitted under this Contract shall
                  be in  writing  and  shall be  deemed  to have  been  duly and
                  properly given on the date of service if delivered personally,
                  or sent by facsimile with written  confirmation  of receipt by
                  the  recipients,  or, if mailed,  on the second day after such
                  notice is  deposited  in a  receptacle  of the  United  States
                  Postal  Service,  registered  or certified  mail,  first class
                  postage prepaid, return receipt requested, or on the first day
                  following  deposit  with  a  nationally-recognized   overnight
                  courier service (e.g.,  FedEx),  postage prepaid, in any event
                  addressed appropriately as follows:

                  If to the Seller:         Robinson Nugent, Inc.
                                            800 East Eighth Street
                                            New Albany, Indiana 47150
                                            Attn: Larry W. Burke, President
                                            Facsimile: (812) 941-3528

                  With a copy to:           Ice Miller Donadio & Ryan
                                            Box 82001
                                            One American Square
                                            Indianapolis, Indiana 46282
                                            Attn: Berkley W. Duck, Esq.
                                            (317) 236-2100
                                            Facsimile: (317) 592-4642


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                  If to Purchaser:          Sam & JB, LLC
                                            7527 Highway 52
                                            Lanesville, IN 47136

                  Either  party may  change its  address  for  purposes  of this
                  Paragraph by giving the other party written  notice of the new
                  address in the manner set forth above.

         14.      Assignment;  Entirety of Agreement. Neither party shall assign
                  this Contract  without the prior written  consent of the other
                  party,  which shall not be  unreasonably  withheld or delayed.
                  This  Contract  embodies  the  entire  agreement  between  the
                  parties  hereto  and there are no  representations,  promises,
                  understandings  or  agreements,  oral or written,  between the
                  parties which are not set forth herein.

         15.      Governing  Law. This Contract  shall be construed and enforced
                  in accordance with the laws of the State of Indiana.

         16.      Counterparts. This Contract may be executed in two (2) or more
                  counterparts,   and  by  each  of  the   parties  on  separate
                  counterparts,  each of which shall be deemed an  original  and
                  all of which,  taken  together,  shall  constitute one and the
                  same instrument.


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         IN WITNESS  WHEREOF,  Seller and Purchaser have caused this Contract to
be executed  by their duly  authorized  representatives  as of the ______ day of
February, 2000.

                       "SELLER"

                       ROBINSON NUGENT, INC.,


                       By:                  ------------------------------------

                                                 (signature)

                       Its:                 ------------------------------------

                                          (printed name and title)

                       "PURCHASER"

                       SAM & JB, LLC



                       By:                  ------------------------------------

                                                 (signature)

                       Its:                 ------------------------------------

                                          (printed name and title)