UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | June 13, 2007 |
En Pointe Technologies, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 000-28052 | 75-2467002 |
| _____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 2381 Rosecrans Avenue, Suite 325, El Segundo, California | 90245 | |
| _________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | (310) 725-5200 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On June 13, 2007, GE Commercial Distribution Finance
Corporation ("GE")agreed via e-mail letter to a temporary overline increase
of $15 million ($45 million in total)and to an extension of the credit facility
that was to expire on June 25, 2007 to July 31, 2007 for En Pointe Technologies
Sales, Inc. and En Pointe Gov, Inc., wholly-owned subsidiaries of En Pointe
Technologies, Inc. The extension of time was necessary for GE to complete the
new credit facility proposal which is being prepared to replace the expiring
one.
The foregoing description of the GE letter agreement is qualified in its entirety
by reference to the letter, which is attached as Exhibit 10-60 hereto and is
incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information required by Item 2.03 is included in Item 1.01 above and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
Exhibit Number
Description
Exhibit 10-60
GE Commercial Distribution Finance Corporation temporary overline for En Pointe
Technologies Sales, Inc. and En Pointe Gov, Inc. dated June 13, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| En Pointe Technologies, Inc. | ||||
| June 14, 2007 | By: | /s/ Javed Latif |
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| Name: Javed Latif | ||||
| Title: Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
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10.60
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GE Commercial Distribution Finance Corporation temporary overline for En Pointe Technologies Sales, Inc. and En Pointe Gov, Inc. dated June 13, 2007. |
EXHIBIT 10-60
GE Commercial Distribution Finance Corporation
3330 Cumberland Blvd, Suite 330
Atlanta, GA 30339
Phone # 770/850-4000
| En Pointe
Technologies Sales, Inc. |
Via e-mail to: Jlatif@enpointe.com | |||
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| 2381
Rosencrans Avenue, Suite 325 |
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| El Segundo, CA 90245 |
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| Attention: Attiazaz “Bob” Din, President |
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| Re: |
Temporary Overline | |||
Dear Bob:
Congratulations, I am pleased to inform you that GE Commercial Distribution Finance Corporation (“CDF”) agrees to make available to En Pointe Technologies Sales, Inc. and En Pointe Gov, Inc. (“Dealer”) a temporary overline of up to $15,000,000 available through July 31, 2007 (“Overline Termination Date”). This overline temporarily increases the maximum credit limit on Dealer’s credit facility to up to $45,000,000. Dealer acknowledges that this temporary overline is subject to the terms and conditions of the Agreement for Wholesale Financing between CDF and Dealer dated June 25, 2004, as amended (“AWF”), and Business Financing Agreement between CDF and Dealer dated June 25, 2004, as amended (“BFA”) (individually and collectively the “Agreement”) and will automatically expire without further notice from CDF on the Overline Termination Date.
By signing below, you acknowledge and agree that any and all obligations due CDF pursuant to the terms of the BFA, which are in excess of the maximum credit limit pursuant to the Agreement, must be repaid on or before the Overline Termination Date. In addition, Dealer agrees that all obligations due CDF pursuant to the AWF will be repaid according to the terms of the AWF. Following the Overline Termination Date, CDF will be unable to approve new financing under the AWF until the obligations thereunder, including open approvals, fall below the maximum credit limit on Dealer’s inventory financing credit facility.
Notwithstanding anything herein to the contrary: (a) each of the parties hereto may rely on any facsimile copy hereof, and (b) such facsimile copy will be deemed an original, and the best evidence thereof for all purposes.
We appreciate the opportunity to provide you with this temporary overline. Please feel free to call our office if you have any questions.
Sincerely,
GE Commercial Distribution Finance Corporation
Name: Scott Hunt
Title: Portfolio Manager
ACKNOWLEDGED AND AGREED to this 13th day of June 2007:
En Pointe Technologies Sales, Inc.
By: /s/ Javed Latif
Name: Javed Latif
Title: CFO