Document:

Exhibit
      10.8

    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:

    

    1. 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.

    

    2. 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:

    

    11.1 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 September 30, 2008.

    

    11.2 Minimum
      EBITDARS.
      Maintain minimum quarterly EBITDARS, on a consolidated basis, equal to or
      greater than $350,000, measured at the end of each Fiscal Quarter commencing
      with the Fiscal Quarter ending on June 30, 2008. 

    

    11.3 Fixed
      Charge Coverage Ratio.
      Maintain at all times a Fixed Charge Coverage Ratio, on a consolidated basis,
      equal to or greater than 1.10 to 1.00, reported at the end of each Fiscal
      Quarter commencing with the Fiscal Quarter ending June 30, 2009.

    

    
      
         

      

      
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    11.4 Quarterly
      Covenant Compliance Sheet. Provide the Quarterly Covenant Compliance Sheet
      to
      Lender within thirty (30) days after the close of each of its Fiscal
      Quarters.

    

    3. Representations
      and Warranties.
      Borrower
      confirms the accuracy of and remakes as of the date hereof all of its
      representations, warranties and covenants contained in the Credit Agreement.
      Borrower further represents and warrants to Lender that all necessary action
      relating to authorization of the execution and delivery of this Amendment and
      the performance of the Obligations of Borrower hereunder has been taken. This
      Amendment constitutes the legal, valid and binding obligation of Borrower,
      enforceable in accordance with its terms. Borrower does not have defenses,
      offsets, claims, or counterclaims with respect to its obligations arising under
      the Credit Agreement or this Amendment. The execution and delivery by Borrower
      of this Amendment, and the performance by Borrower of this Amendment, will
      not
      violate any provision of law or Borrower’s organizational or other documents or
      agreements. The execution, delivery and performance of this Amendment, and
      the
      consummation of the transactions contemplated hereby will not violate, be in
      conflict with, result in a breach of, or constitute a default under any
      agreement to which Borrower is a party or by which any of its properties is
      bound, or any order, writ, injunction, or decree of any court or governmental
      instrumentality, and will not result in the creation or imposition of any lien,
      charge or encumbrance upon any of its properties.

    

    4. No
      Defaults.
      Borrower
      confirms that as of the date hereof, there exists no condition or event that
      constitutes (or that would after expiration of applicable grace or cure periods
      constitute) an Event of Default under the Credit Agreement, as amended by this
      Amendment.

    

    5. Governing
      Law.
      This
      Amendment, together with all of the rights and obligations of the parties
      hereto, shall be construed and interpreted in accordance with the laws of the
      State of New York, excluding the laws applicable to conflicts or choice of
      law.

    

    [Signature
      Page Follows]

    
      
         

      

      
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    IN
      WITNESS WHEREOF, the parties have executed this Amendment effective as of the
      date first above written.

    

    MANUFACTURERS
      AND TRADERS TRUST COMPANY

     

    
      	
              By:

            	   

	 	
              J.
                Theodore Smith,

            
	 	
              Vice
                President

            
	 	 
	
              IEC
                ELECTRONICS CORP.

            
	 	 
	
              By:

            	  

	 	
              W.
                Barry Gilbert,

            
	 	
              Chief
                Executive Officer

            

    

     

    
      
         

      

      
        3Exhibit
      10.11

    IEC
      Electronics Corp.

    Form
      of Second Amendment to Option Award Agreement

    

    Second
      Amendment, dated as of January 23, 2008 (this “Amendment”) to the Option Award
      Agreement, dated as of May 11, 2005, as amended by First Amendment to Option
      Award Agreement, dated as of September 29, 2006, (the “Option Agreement”)
      between IEC Electronics Corp., a Delaware corporation (the “Company”) and
      _______________________________________________________ (the
“Optionee”).

    

    RECITALS:

    

    
      	 	
              A.

            	
              In
                accordance with the provisions of the 2001 Stock Option and Incentive
                Plan
                (the “Plan”) and pursuant to resolutions duly adopted by the Board of
                Directors of the Company on May 11, 2005, the Company and Optionee
                executed an Option Agreement, pursuant to which Optionee was granted
                a
                Stock Option (the “Option”) to purchase up to __________ shares of common
                stock of the Company in accordance with the terms and conditions
                set forth
                in the Option Agreement.

            

    

    

    
      	 	
              B.

            	
              In
                a First Amendment dated as of September 29, 2006, certain amendments
                were
                made to the vesting and exercise section of the Option
                Agreement.

            

    

    

    
      	 	
              C.

            	
              Since
                the performance goal for the fiscal year ending September 30, 2007
                was met
                in its entirety, [33 1/3%] shares of Optionee's Option became vested
                and
                exercisable at September 30, 2007 while [66 2/3%] shares remain unvested
                as of such date.

            

    

    

    
      	 	
              D.

            	
              The
                Company and Optionee desire to further amend the vesting and exercise
                section of the Option Agreement in order to provide additional retention
                incentives.

            

    

    

    NOW,
      THEREFORE, in consideration of the mutual covenants hereinafter set forth and
      for other good and valuable consideration, the parties to this Amendment agree
      as follows:

    

    
      	
            	1.	
              Definitions. Capitalized
                terms used and not otherwise defined herein shall have the meanings
                ascribed to such terms in the Option
                Agreement.

            

    

    

    
      	 	
              2.

            	
              Amendments.

            

    

    

    
      	 	
              A.

            	
              The
                vesting and exercise provisions contained in Section 4(a)(iii) and
                (iv) of
                the Option Agreement are deleted and replaced by the
                following:

            

    

    

    "4(a)
      This option shall vest and be exercisable as follows:

    

    (iii) [50%
      of
      the unvested shares on September 30, 2007] on  May
      11,
      2009;

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    (iv)
      [50%
      of the unvested shares on September 30, 2007] on May
      11,
      2010.”

    

    
      	 	
              B.

            	
              All
                references to the achievement of performance goals contained in Sections
                4(b), (c) and (d) of the Option Agreement for the fiscal years subsequent
                to September 30, 2007 are as of the date of this Amendment no longer
                applicable.

            

    

    

    
      	 	
              3.

            	
              Except
                as otherwise provided herein, the Option Agreement shall be unmodified
                and
                shall continue in full force and effect in accordance with its
                terms.

            

    

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
      executed and delivered as of the day and year first above written.

    

    
      	
              IEC
                Electronics Corp.

            
	 	 
	
              By:

            	  

	 	
              Eben
                S. Moulton,

            
	 	
              Member,
                Compensation Committee

            
	 	 
	
              Optionee:

            	  

    

     

    
      
         

      

      
        2

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