Document:

FIFTH AMENDMENT TO LOAN AGREEMENT

            This Fifth Amendment to Loan Agreement (this "Amendment") is entered
into as of December 4, 2006, between IEC ELECTRONICS CORP., a corporation
organized and existing pursuant to the laws of the State of Delaware, with its
principal executive office and place of business at 105 Norton Street, Newark,
New York 14513 (the "Borrower") and KELTIC FINANCIAL PARTNERS, LP, a Delaware
limited partnership, with a place of business at 555 Theodore Fremd Avenue,
Suite C-207, Rye, New York 10580 (the "Lender") to amend a Loan Agreement, dated
January 14, 2003, between the Borrower and the Lender, as amended by First
Amendment to Loan Agreement, dated March 23, 2004, a Second Amendment to Loan
Agreement, dated as of January 7, 2005, and a Third Amendment to Loan Agreement,
dated September 30, 2005, and a Fourth Amendment to Loan Agreement, dated as of
September 12, 2006, each between the Borrower and the Lender (collectively, the
"Loan Agreement").

                                   BACKGROUND

            The Borrower has requested that the Lender temporarily increase the
maximum amount available under the Loan Agreement to $6,000,000 and enter into a
$450,000 term loan for the purchase of certain equipment, and the Lender is
willing to do so, subject to the terms hereafter set forth.

            Now, therefore, for valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Borrower and the Lender agree
as follows:

            1. Recitals. The above recitals are true and correct in all respects
and form an integral part of this Amendment.

            2. Definitions. Unless otherwise defined in this Amendment, all
capitalized terms will have the meanings given them in the Loan Agreement.

            3. Amendments. The Borrower and the Lender agree to amend the Loan
Agreement as follows:

      t 18 0 (a) The following definition shall be inserted in its proper
alphabetical order:

            "Advance Date" shall mean the date of disbursement of the proceeds
of the Equipment Loan under Section 2.2 of this Agreement.

                  (b) The current definition of "Maximum Facility" in the Loan
Agreement is deleted and replaced with the following:

            "Maximum Facility" shall mean (i) $5,535,000 and (ii) from and after
the Advance Date, $5,985,000.00.

                  (c) The current definition of "Total Facility" shall be
deleted in its entirety.

<PAGE>

                  (d) Advances of the Revolving Loan. Section 2.1 of the Loan
Agreement is amended by deleting it in its entirety and replacing it with the
following:

            "Subject to the terms and conditions of this Agreement and relying
upon the representations and warranties set forth in this Agreement, for so long
as no Default or Event of Default exists, Lender shall lend to Borrower on its
request, a sum ("Borrowing Capacity") equal to the lesser of:

                  (a) (i) for the period of time beginning on December 4, 2006
through and including April 30, 2007, $6,000,000 and (ii) thereafter, the
Maximum Facility reduced by the then outstanding principal balance of the Term
Loans; or

                  (b) the sum of (i) up 85% of the net face amount of Borrower's
Eligible Receivables; (ii) the lesser of $1,500,000 or 35% of the Value of
Borrower's Eligible Inventory, but the amount computed under this clause (ii)
shall in no event exceed 40% of the sum of the amounts computed pursuant to
clauses (i) and (ii) of this Section 2.1(b); and (iii) the amount of any
permitted Overadvances as described in the next paragraph. Value shall mean the
lesser of cost or the fair market value of such Inventory.

            For the purposes of clause (iii) of this Section 2.1(b), Lender will
permit Borrower to receive additional Advances in an aggregate principal amount
outstanding at any one time not to exceed the lesser of (A) $1,000,000 or (B) an
amount that would not cause the outstanding principal of Advances to exceed the
Maximum Facility reduced by the then outstanding principal balance of the Term
Loans (each, an "Overadvance" and collectively "Overadvances") provided that (i)
all outstanding Overadvances shall be repaid within 60 days of the making of the
initial Overadvance occurring during any Overadvance Period, (ii) no
Overadvances shall be outstanding for a period of at least 30 days between each
Overadvance Period and (iii) no Default or Event of Default shall have occurred
and be continuing. "Overadvance Period" means each period of no more than 60
days during which Overadvances are outstanding.

            Within the limits of the Borrowing Capacity, and subject to the
limitations set forth in this Agreement, Borrower may borrow, repay and reborrow
Advances."

                  (e) Term Loan. Section 2.2 of the Loan Agreement is amended by
adding the following sentence at the end thereof:

            "The Lender shall also make a loan in the amount of $450,000 to the
Borrower (the "Equipment Loan"), upon the receipt by the Lender of such
documentation as the Lender may reasonably request relating to the equipment
being purchased with the proceeds of the Equipment Loan, including without
limitation, the related equipment invoice. The Equipment Loan shall be payable
by Borrower in accordance with the terms of a term note attached hereto as
Exhibit B-3."

                  (f) Interest on Loans. Section 3.1 of the Loan Agreement is
amended by deleting it in its entirety and replacing it with the following:

            "Borrower shall pay interest monthly, in arrears, on the first day
of each month, on the unpaid principal amount of the Revolving Loan, and on the
principal balance of the Term Loans, at a fluctuating rate which is equal to the
Loan Interest Rate, except all Overadvances shall accrue interest at a rate per
annum equal to the Loan Interest Rate, plus 100 basis points (the "Overadvance
Loan Interest Rate"). Notwithstanding the foregoing, on and after the occurrence
of a Default or Event of Default, Borrower shall pay interest on the Loans at a
rate which is 3.5% per annum above the Loan Interest Rate or the Overadvance
Loan Interest Rate (as the case may be); provided, however, in no event shall
any interest to be paid under this Agreement or under any Loan Document exceed
the maximum rate permitted by law.

                                       2
<PAGE>

            (g) Liquidated Damages. Section 3.6 of the Loan Agreement is amended
by deleting it in its entirety and replacing it with the following:

            "If Borrower prepays the principal of the Revolving Loan to Lender
(other than from time to time from working capital) or if the outstanding
Obligations become due prior September 12, 2009 because of a payment default or
other material default of Borrower, Borrower shall pay to Lender at the time of
such prepayment, liquidated damages in an amount equal to: (a) two percent (2%)
of the Maximum Facility if the prepayment is made prior to September 12, 2007 or
(b) one percent (1%) of the Maximum Facility if the prepayment is made on or
after September 12, 2007 but before September 12, 2008 and (c) one half of one
percent (1/2%) of the Maximum Facility if the repayment occurs on or after
September 12, 2008. Borrower shall give Lender at least ninety (90) days'
advance written notice ("Termination Notice") of Borrower's election to
terminate the availability of the Revolving Loans under this Agreement prior to
September 12, 2009. The Termination Notice shall be irrevocable and shall
specify the effective date of such termination, which effective date shall not
be less than ninety (90) days after the giving of the Termination Notice and
shall be in no event later than September 12, 2009. All the Obligations shall
become due and payable on such effective date specified in the Termination
Notice, and after such effective date, Lender shall have no obligation to make
any Advance(s) to Borrower. No liquidated damages will be payable if (x)
Borrower establishes to the reasonable satisfaction of Lender that Borrower
requires an increase to the Maximum Facility to support internal growth or
acquisitions, (y) Lender does not agree to provide the required increase in the
Maximum Facility (whether or not to provide such increase being in the sole and
absolute discretion of Lender), and (z) Borrower finds another lender to provide
such increased facility and prepays the Revolving Loan and the Term Loans from
the proceeds of such increased facility."

            (h) Facility Fee. Section 3.3 of the Loan Agreement is amended by
deleting it in its entirety and replacing it with the following:

            "Borrower shall pay to Lender monthly, in arrears, on the first day
of each month a facility fee in an amount equal to $20,000 per annum or
$1,666.67 per month. The facility fee is deemed earned in full for each year on
each anniversary hereof."

                  (i) Exhibits. Exhibit A of the Loan Agreement is replaced by
the Replacement Revolving Note in the form of Exhibit A attached to this
Amendment. Exhibit B-3 of the Loan Agreement is added to the Loan Agreement in
the form of Exhibit B-3 attached to this Amendment.

            4. No Claims. The Borrower acknowledges that it does not have any
claim, counterclaim, cause of action, defense, recoupment or right of offset
(each a "Claim" and collectively "Claims") relating in any way to (i) this
Amendment, the Obligations or the Loan Documents , (ii) the enforceability of
the Loan Documents, (iii) the validity or enforceability of any of the Loan
Documents or (iv) any act, claim or statement of fact that would or might
lessen, eliminate or modify any of the Lender's rights or remedies pursuant to
any of the Loan Documents or in connection with any of the Collateral; provided,
however, that if notwithstanding the foregoing, the Borrower shall purport to
have any such Claim, the Borrower hereby irrevocably and forever waives such
Claim.

                                       3
<PAGE>

            5. No Waivers. Nothing in this Amendment shall constitute a waiver
by the Lender of any of default or event of default or any of the Lender's
rights arising as a result of the such default or event of default or other
rights or remedies arising pursuant to any of the Loan Documents or in
connection with any of the Obligations or the Collateral and the rights and
remedies of the Lender shall remain for all purposes in full force and effect.
Except as expressly amended by this Amendment, the Loan Agreement and the other
Loan Documents remain in full force and effect.

            6. Ratification. The Borrower ratifies and reaffirms the Loan
Agreement, as amended hereby, and the other Loan Documents, and agrees that the
Collateral secures the Obligations, including, without limitation, those arising
under the Loan Agreement, as amended hereby.

            7. Miscellaneous. This Amendment is governed by and is to be
construed in accordance with the internal laws of the State of New York.

                                       4EX 10.1

    PLAN
      AND
      AGREEMENT OF MERGER

    OF

    SOCKEYE
      SEAFOOD GROUP INC.

    (a
      Nevada
      corporation)

    AND

    STARGOLD
      MINES, INC.

    (a
      Nevada
      corporation)

    

    PLAN
      AND
      AGREEMENT OF MERGER entered into on November 13, 2006 by Sockeye Seafood Group
      Inc., a Nevada corporation ("Sockeye"), and approved by resolution adopted
      by
      its Board of Directors on said date, and entered into on November 13, 2006,
      by
      Stargold Mines, Inc., a Nevada corporation ("Stargold"), and approved by
      resolution adopted by its Board of Directors on said date.

    

    WHEREAS,
      Stargold is the wholly-owned subsidiary of Sockeye:

    

    WHEREAS,
      Section 92A.180 of the Nevada Revised Statutes provides that a parent
      corporation owning at least 90% of the outstanding shares of each class of
      a
      subsidiary corporation may merge the subsidiary into itself without obtaining
      the approval of the shareholders of the parent corporation or the subsidiary
      corporation; that the board of directors of the parent corporation shall adopt
      a
      plan of merger setting forth the names of the parent and subsidiary and the
      conversion terms; and that articles of merger filed under such section may
      not
      contain amendments to the constituent documents of the surviving entity except
      that the name of the surviving entity may be changed;

    

    WHEREAS,
      Sockeye and Stargold and the respective Boards of Directors thereof declare
      it
      advisable and to the advantage, welfare, and best interests of said corporations
      and their respective stockholders to merge Stargold with and into Sockeye (the
      “Merger”) pursuant to the provisions of Section 92A.180 of the Nevada Revised
      Statutes upon the terms and conditions hereinafter set forth;

    

    NOW,
      THEREFORE, in consideration of the premises and of the mutual agreement of
      the
      parties hereto, being thereunto duly entered into by Sockeye and approved by
      a
      resolution adopted by its Board of Directors and being thereunto duly entered
      into by Stargold and approved by a resolution adopted by its Board of Directors,
      the Merger and the terms and conditions thereof and the mode of carrying the
      same into effect, are hereby determined and agreed upon as hereinafter in this
      Plan and Agreement of Merger set forth.

    

    1. Stargold
      shall, pursuant to the provisions of Section 92A.180 of the Nevada Revised
      Statutes, be merged with and into Sockeye, which shall be the surviving
      corporation from and after the effective time of the Merger and which is
      sometimes hereinafter referred to as the "surviving corporation." The separate
      existence of Stargold, which is sometimes hereinafter referred to as the
      "terminating corporation", shall cease at said effective time in accordance
      with
      the provisions of the Nevada Revised Statutes.

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

     

    2. The
      present Articles of Incorporation of the surviving corporation will be the
      Articles of Incorporation of the surviving corporation and will continue in
      full
      force and effect, except that the name of the surviving corporation shall be
      changed to “Stargold Mines, Inc.”

    

    3. The
      present By-Laws of the surviving corporation will be the By-Laws of said
      surviving corporation and will continue in full force and effect until changed,
      altered, or amended as therein provided and in the manner prescribed by the
      provisions of the Nevada Revised Statutes.

    

    4. The
      directors and officers in office of the surviving corporation at the effective
      time of the Merger shall be the members of the Board of Directors and the
      officers of the surviving corporation, all of whom shall hold their
      directorships and offices until the election and qualification of their
      respective successors or until their tenure is otherwise terminated in
      accordance with the by-laws of the surviving corporation.

    

    5. Each
      issued share of the common stock of the terminating corporation shall, from
      and
      after the effective time of the Merger, be converted into one (1) share of
      the
      common stock of the surviving corporation. The surviving corporation shall
      not
      issue any certificate or scrip representing a fractional share of common stock
      but shall instead issue one (1) full share for any fractional interest arising
      from the Merger.

    

    6. The
      Board
      of Directors and the proper officers of the terminating corporation and of
      the
      surviving corporation are hereby authorized, empowered, and directed to do
      any
      and all acts and things, and to make, execute, deliver, file, and record any
      and
      all instruments, papers, and documents which shall be or become necessary,
      proper, or convenient to carry out or put into effect any of the provisions
      of
      this Plan and Agreement of Merger or of the Merger herein provided
      for.

    

    7. The
      effective time of this Plan and Agreement of Merger, and the time at which
      the
      Merger herein agreed shall become effective in the State of Nevada, shall be
      the
      date this Plan and Agreement of Merger, or a certificate of merger meeting
      the
      requirements of the Nevada Revised Statutes, is filed with the Secretary of
      State of the State of Nevada. 

    

    8. Notwithstanding
      the full approval and adoption of this Plan and Agreement of Merger, the said
      Plan and Agreement of Merger may be terminated at any time prior to the filing
      thereof with the Secretary of State of the State of Nevada.

    

    9. Notwithstanding
      the full approval and adoption of this Plan and Agreement of Merger, the said
      Plan and Agreement of Merger may be amended at any time and from time to time
      prior to the filing of any requisite merger documents with the Secretary of
      State of the State of Nevada.

      
        
           

        

        
          -
            2 -

          
            

          

        

        
           

        

      

    IN
      WITNESS WHEREOF, this Plan and Agreement of Merger is hereby executed upon
      behalf of each of the constituent corporations parties hereto.

    

    Dated:
      November 13, 2006  

    

    SOCKEYE
      SEAFOOD GROUP INC.

     

    By: 
      /s/
      Marcus Segal

      
        

      

    

    Marcus
      Segal

    President,
      Chief Executive Officer, Chief Financial
      Officer,

    and
      Chief
      Accounting Officer,
      Secretary, and Director

     

     

    STARGOLD
      MINES, INC.

     

    By: 
      /s/
      Marcus Segal

      
        

      

    

    Marcus
      Segal

    President,
      Chief Executive Officer, Chief Financial
      Officer,

    and
      Chief
      Accounting Officer,
      Secretary, and Director

    
      
         

      

        -
          3 -

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