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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>UNITED
        STATES</strong></font></div>
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        AND EXCHANGE COMMISSION</strong></font></div>
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        D.C. 20549</strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>FORM
        8-K</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
        REPORT </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
        to Section 13 OR 15(d) of The Securities Exchange Act of
        1934</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><a name="fis_unidentified_table"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Date
        of Report (Date of Earliest Event Reported): December 15,
        2005</strong></font></a></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>WILSON
        BROTHERS USA, INC.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Exact
        name of registrant as specified in its charter)</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Illinois</strong></font></div>
                </td>
                <td colspan="3" valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>000-51095</strong></font></div>
                </td>
                <td colspan="2" valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>56-1574463</strong></font></div>
                </td>
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              <tr>
                <td valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(State
                    or other jurisdiction of</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>incorporation)</strong></font></div>
                </td>
                <td colspan="3" valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Commission
                    File </strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Number)</strong></font></div>
                </td>
                <td colspan="2" valign="top" width="33%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(I.R.S.
                    Employer</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Identification
                    Number)</strong></font></div>
                </td>
              </tr>

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        <div>&#160;</div>
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                <td colspan="2" valign="top" width="50%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>1072
                    U.S. Highway 175</strong></font></div>
                </td>
                <td colspan="4" valign="top" width="50%">&#160;</td>
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                <td colspan="2" valign="top" width="50%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Kaufman,
                    Texas </strong></font></div>
                </td>
                <td colspan="4" valign="top" width="50%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>75142</strong></font></div>
                </td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Address
                    of principal executive offices)</strong></font></div>
                </td>
                <td colspan="4" valign="top" width="50%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Zip
                    Code)</strong></font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(972)
        962-5484</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Registrant&#8217;s
        telephone number, including area code </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>N/A</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(Former
        name or former address, if changed since last report)</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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              <td align="left" style="WIDTH: 27pt"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)</font></div>
              </td>
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              <td align="left" style="WIDTH: 27pt"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)</font></div>
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              <td align="left" style="WIDTH: 27pt"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange Act
                  (17 CFR
                  240.14d-2(b))</font></div>
              </td>
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            <tr valign="top" style="LINE-HEIGHT: 1.25">
              <td align="left" style="WIDTH: 27pt"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
              <td align="left">
                <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                  communications pursuant to Rule 13e-4(c) under the Exchange Act
                  (17 CFR
                  240.13e-4(c))</font></div>
              </td>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
        into a Material Definitive Agreement. </strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
        December 16, 2005, Numo Manufacturing, Inc. (&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Numo</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        a
        wholly-owned subsidiary of Wilson Brothers USA, Inc. (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Company</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        together with the Company, and certain other subsidiaries of the Company
        (the
&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Affiliates</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        completed a loan transaction enabling Numo to repay and restructure certain
        of
        its existing indebtedness and providing additional working capital for Numo
        (the
&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Loan
        Transaction</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        material agreements relating to the Loan Transaction include the Loan and
        Security Agreement, dated December 15, 2005 (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Loan
        Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        by
        and among Numo, the Company, the Affiliates and Triangle Mezzanine Fund ,
        LLLP
        (&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Triangle</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        Oberlin Capital, L.P. (&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Oberlin</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        and
        Jeffrey Buckalew (&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Buckalew</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,&#8221;
        together with Triangle and Oberlin, the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Lenders</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        the
        Senior Subordinated Debentures, dated December 15, 2005 (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Debentures</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        issued to the Lenders in the aggregate amount of $3,200,000, the Guaranty,
        dated
        as of December 15, 2005, from the Company and each Affiliate, benefiting
        the
        Lenders (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Guaranty</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        the
        Security Agreement, dated December 15, 2005, between Triangle, as agent for
        the
        Lenders, the Company, and the Affiliates (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Security
        Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        the
        Pledge and Irrevocable Proxy Agreement, dated December 15, 2005, between
        the
        Company and the Lenders (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Pledge
        Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        the
        Investor Rights Agreement, dated December 15, 2005, between Numo, the Company
        (as stockholder of Numo) and the Lenders (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Investor
        Rights Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        and
        the Subordination and Intercreditor Agreement, dated December 15, 2005 (the
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Intercreditor
        Agreement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        among
        the Lenders, Numo, the Company, the Affiliates and FCC, LLC, d/b/a First
        Capital
        (&#8220;First Capital&#8221;). In addition, Numo also issued each Lender two separate
        warrants to purchase shares of its common stock (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Warrants</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;).
        As
        discussed in more detail below in Item 1.02 of this report, Oberlin and Buckalew
        had outstanding promissory notes from the Company that were cancelled and/or
        repaid as part of the Loan Transaction</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.
        </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        material terms of the agreements relating to the Loan Transaction, including
        the
        Intercreditor Agreement (defined below), are described in Item 2.03 of this
        report, which is incorporated by reference into this Item 1.01.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
        1.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Termination
        of a Material Definitive Agreement.</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Numo
        used
        a portion of the proceeds from the Loan Transaction to repay that certain
        Variable Rate-Installment Note, dated November 23, 2005, between Numo and
        Comerica Bank (&#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Comerica</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,&#8221;
        and
        such note, the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Installment
        Note</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;)
        and
        the Variable Rate-Single Payment Note, dated November 23, 2005, between Numo
        and
        Comerica (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Single
        Payment Note</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">).
        The
        Installment Note and the Single Payment Note (together, the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Comerica
        Loans</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;)
        were
        terminated as a result of full payment of the outstanding principal balance,
        accrued interest, and fees on all of the outstanding obligations to Comerica
        on
        December 16, 2005. In connection with the repayment of the Comerica Loans,
        Comerica has agreed to provide Numo a release of lien, releasing that certain
        Deed of Trust, Security Agreement and Assignment of Rents entered into with
        Comerica as of November 23, 2005 which granted Comerica a third priority
        security interest with respect to all of Numo&#8217;s property, including without
        limitation, its land, contracts, leases and rents. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">1</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the terms of the Loan Agreement, the Company cancelled that certain
        promissory note dated as of September 10, 2005 owed to Oberlin, in the original
        principal amount of $300,000, and $200,000 of the total principal amount
        of an
        outstanding promissory note for $300,000 owed to Buckalew (together, the
        &#8220;Cancelled Notes&#8221;). In addition, Numo and the Company also used a portion of the
        proceeds from the Loan Transaction to repay the remaining $100,000, plus
        accrued
        interest and fees, outstanding on the Buckalew Cancelled Note. The proceeds
        from
        the Loan Transaction were also used to repay and cancel two outstanding
        promissory notes </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">in
        the
        aggregate principal amount of $300,000, plus accrued interest and fees,
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">issued
        by
        the Company to </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">John
        E.
        Hicks, the father of Michael H. Hicks, President of Numo and two outstanding
        promissory notes in the aggregate principal amount of $125,000, plus accrued
        interest and fees, issued by the Company</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">to
        David
        Stedman, a current member of&#160;the Company's Board of Directors (collectively
        with the Cancelled Notes, the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Company
        Debt</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;).
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
        early
        termination penalties were incurred in connection with the repayment of the
        Comerica Loans or the Company Debt. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td align="left" valign="top" width="12%"><strong><font size="2">Item
                  2.03</font></strong></td>
                <td align="left" valign="top" width="88%"><strong><font size="2">Creation
                  of a
                  Direct Financial Obligation or an Obligation under an Off-Balance
                  Sheet
                  Arrangement of a
                  Registrant.</font></strong></td>
              </tr>

          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt"></font>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        indebtedness established by the Loan Transaction consists of the three
        Debentures in the aggregate amount of $3,200,000. Proceeds from Loan Transaction
        were used by Numo to repay the Comerica Loans and Company Debt, as discussed
        above in Item 1.02 of this report, to pay expenses related to the Loan
        Transaction and to fund Numo&#8217;s working capital. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        material terms of the Loan Agreement, the Debentures and other material
        contracts relating to the Loan Transaction are as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Loan
        Agreement. </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Loan
        Agreement provides for the issuance and sale by Numo, and purchase by each
        Lender, of the Debentures. Numo also granted to Lenders a security interest
        in
        all of its assets, which, pursuant to the terms of the Intercreditor Agreement,
        is subordinate to Numo&#8217;s $3,500,000 revolving line of credit and $250,000 term
        loan with First Citizens (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Senior
        Indebtedness</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;).
        The
        Loan Agreement contains various representations and warranties and affirmative
        and negative covenants including, among others, covenants relating to use
        of
        proceeds, financial reporting, maintenance of financial ratios, incurrence
        of
        additional indebtedness, liens or guarantees, sale or disposition of assets
        or
        capital stock, change in control transactions, investments, transactions
        with
        affiliates, amendments to charter documents, the payment of dividends and
        the
        repurchase or redemption of its capital stock</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">and
        the
        obligation to obtain and maintain a key-man life insurance </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">policy
        on
        the life of Michael Hicks, Numo&#8217;s President, in the amount of $3,200,000 and to
        provide the Lenders a security interest in such policy</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Loan Agreement also provides for customary Events of Default, as defined
        therein, including, among other things, failure to pay any principal or interest
        when due, certain defaults upon other outstanding indebtedness, failure to
        comply with certain covenants, and certain insolvency or receivership events
        affecting Numo, the Company or the Affiliates. In addition to other available
        remedies, upon an event of default, Lenders can, without demand or notice,
        declare all amounts owing under the Debentures immediately due and payable
        and
        exercise their respective rights as a secured party, including without
        limitation, foreclosure on the collateral, subject to the terms of the
        Intercreditor Agreement. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">2</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Debentures</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        The
        Debentures were issued and sold as follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div align="center">
          <table cellpadding="0" cellspacing="0" width="90%">

              <tr>
                <td align="left" valign="bottom" width="75%" style="BORDER-BOTTOM: medium none"><u><font size="2">Lender</font></u></td>
                <td width="2%" style="BORDER-BOTTOM: medium none">&#160;</td>
                <td align="left" colspan="2" valign="bottom" width="12%" style="BORDER-BOTTOM: medium none"><u><font size="2">Amount</font></u></td>
                <td align="left" valign="bottom" width="11%" style="BORDER-BOTTOM: medium none">&#160;</td>
              </tr>
              <tr>
                <td align="left" valign="bottom" width="75%" style="BORDER-BOTTOM: medium none">&#160;</td>
                <td width="2%" style="BORDER-BOTTOM: medium none">&#160;</td>
                <td align="left" colspan="2" valign="bottom" width="12%" style="BORDER-BOTTOM: medium none">&#160;</td>
                <td align="left" valign="bottom" width="11%" style="BORDER-BOTTOM: medium none">&#160;</td>
              </tr>
              <tr bgcolor="#ccfacc">
                <td align="left" valign="bottom" width="75%" style="BORDER-BOTTOM: #ccfacc"><font size="2">Triangle</font></td>
                <td width="2%" style="BORDER-BOTTOM: #ccfacc">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: #ccfacc"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">$</font></td>
                <td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: #ccfacc"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2,700,000</font></td>
                <td align="left" valign="bottom" width="11%" style="BORDER-BOTTOM: #ccfacc">&#160;</td>
              </tr>
              <tr bgcolor="#ffffff">
                <td align="left" valign="bottom" width="75%" style="BORDER-BOTTOM: #ffffff"><font size="2">Oberlin&#160;</font></td>
                <td width="2%" style="BORDER-BOTTOM: #ffffff">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: #ffffff"><font size="2">$</font></td>
                <td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: #ffffff"><font size="2">300,000</font></td>
                <td align="left" valign="bottom" width="11%" style="BORDER-BOTTOM: #ffffff">&#160;</td>
              </tr>
              <tr bgcolor="#ccfacc">
                <td align="left" valign="bottom" width="75%" style="BORDER-BOTTOM: #ccfacc solid"><font size="2">Buckalew</font></td>
                <td width="2%" style="BORDER-BOTTOM: #ccfacc solid">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: #000000 thin solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>$</u></font></td>
                <td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: #000000 thin solid"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">200,000</font></td>
                <td align="left" valign="bottom" width="11%" style="BORDER-BOTTOM: #ccfacc solid">&#160;</td>
              </tr>
              <tr bgcolor="#ffffff">
                <td align="left" valign="bottom" width="75%" style="BORDER-BOTTOM: #ffffff"><font size="2">Total</font></td>
                <td width="2%" style="BORDER-BOTTOM: #ffffff">&#160;</td>
                <td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: #ffffff"><font size="2">$</font></td>
                <td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: #ffffff"><font size="2">3,200,000</font></td>
                <td align="left" valign="bottom" width="11%" style="BORDER-BOTTOM: #ffffff">&#160;</td>
              </tr>

          </table>
        </div>
        <div align="center">&#160;</div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Debentures call for interest to be paid on the outstanding principal amount,
        on
        the last day of each month at the rate of 13% per annum, commencing on December
        31, 2005 and continuing until December 15, 2010, the maturity date. Upon
        the
        occurrence of any Event of Default (as defined in the Loan Agreement), at
        the
        option of holder of the Debenture and without notice to Numo, all accrued
        and
        unpaid interest, if any, will be added to the outstanding principal balance,
        and
        the entire outstanding principal balance, as so adjusted, will bear interest
        thereafter until such default is cured at an annual rate equal to nineteen
        percent (19%) or, if lower, the maximum rate of interest permissible under
        applicable law. All such interest will be paid at the time of and as a condition
        precedent to the curing of any such Event of Default.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Other
        Material Contracts. </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the terms of the Guaranty and of the Security Agreement, the Company and
        the
        Affiliates each unconditionally guaranteed Numo&#8217;s obligations under the Loan
        Agreement and granted and pledged to the Lenders a security interest in all
        of
        its right, title and interest in, to and under its property. In addition,
        pursuant to the terms of the Pledge Agreement, the Company has agreed to
        grant a
        continuing security interest in its shares of capital stock of Numo (the
        &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Pledged
        Capital Stock</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;)
        and
        all of its rights and privileges with respect to the Pledged Capital Stock,
        and
        all income and profits thereon, and all interest, dividends and other payments
        and distributions with respect thereto, and all proceeds of the foregoing
        to
        secure the obligations of Numo under the Loan Agreement and the Debentures.
        Following the occurrence and during the continuance of an Event of Default
        (as
        defined in the Loan Agreement), after payment in full of all Senior Indebtedness
        and termination of all commitments to provide Senior Indebtedness, the Lenders
        may, in their sole discretion, cause any or all of the Pledged Capital Stock
        to
        be transferred of record into the name of the Lenders or their nominees.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the terms of the Investor Rights Agreement, the Company (as sole stockholder
        of Numo) agreed to certain co-sale restrictions and Numo granted the Lenders
        piggyback registration rights and certain rights of first refusal with respect
        to certain future security offerings. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        connection with the Loan Agreement, Numo entered into certain other agreements
        with the Lenders, including, without limitation, an observation rights letter,
        pursuant to which Numo granted Triangle and one guest of Triangle board
        observation rights, and has agreed to enter into a deed of trust, which will
        grant the Lenders a third priority security interest with respect to all
        of its
        real property and its manufacturing plant. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
        addition, Numo also issued each Lender the Warrants to purchase shares of
        its
        common stock. The Warrants give the Lenders the right to acquire up to 22%
        of
        Numo&#8217;s capital stock in the aggregate, subject to certain adjustments contained
        therein. Each of the Warrants is exercisable on or at any time after the
        earlier
        of (a) the date that the indebtedness evidenced by the Debenture has been
        paid
        in full or (b) the date that an Event of Default (as defined in the Loan
        Agreement) has occurred and such failure remains uncured for a period of
        sixty
        days, up to and including the tenth anniversary of the date of issuance at
        an
        exercise price of $0.01 per share. The Warrants include a put option, pursuant
        to which Numo granted and issued to the holder of each Warrant the right
        and
        option to sell to Numo all or less than all of the Warrant, and any shares
        of
        Common Stock acquired by the holder as a result of the exercise of the Warrant
        (the &#8220;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Put</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8221;),
        at
        any time after the earlier of (i) the fifth anniversary of the date of issuance
        (or such earlier date when the Debenture has been paid in full, if then
        permitted by applicable regulations of the SBA), (ii) an IPO (as defined
        in the
        Debenture), (iii) an Event of Default (as defined in the Loan Agreement),
        or
        (iv) a Change in Control (as defined in the Loan Agreement), at a purchase
        price
        defined in the Warrant based upon Numo&#8217;s capitalization and certain financial
        factors. The Put expires on the tenth anniversary of the date of issuance
        of
        each Warrant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div>
          <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" width="100%">

              <tr valign="top" bgcolor="#ffffff">
                <td width="50%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
              </tr>
              <tr valign="top" bgcolor="#ffffff">
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
                <td colspan="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WILSON
                  BROTHERS USA, INC.</font></td>
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                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
                  December 21, 2005 </font></td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;</font></td>
                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/&#160;James
                  R. Emmons</font></td>
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                  <hr style="COLOR: #000000" align="left" noshade size="2" width="80%"><font size="2">James
                  R. Emmons</font></td>
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                <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                  Accounting Officer</font></td>
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{"company-data": {"conformed-name": "WILSON BROTHERS USA INC", "cik": "0000107469", "assigned-sic": "3231", "irs-number": "361971260", "state-of-incorporation": "IL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51095", "film-number": "051278452"}, "business-address": {"street1": "1072 U.S. HIGHWAY 175", "city": "KAUFMAN", "state": "TX", "zip": "75142", "phone": "8437238684"}, "mail-address": {"street1": "1072 U.S. HIGHWAY 175", "city": "KAUFMAN", "state": "TX", "zip": "75142"}, "former-company": {"former-conformed-name": "WILSON BROTHERS", "date-changed": "19920703"}}
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): December 15,
        2005
WILSON
        BROTHERS USA, INC.
(Exact
        name of registrant as specified in its charter)
Illinois
000-51095
56-1574463
(State
                    or other jurisdiction of
incorporation)
(Commission
                    File
Number)
(I.R.S.
                    Employer
Identification
                    Number)
1072
                    U.S. Highway 175
Kaufman,
                    Texas
75142
(Address
                    of principal executive offices)
(Zip
                    Code)
(972)
        962-5484
Registrant's
        telephone number, including area code
N/A
(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:
o
Written
                  communications pursuant to Rule 425 under the Securities Act (17
                  CFR
                  230.425)
o
Soliciting
                  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                  240.14a-12)
o
Pre-commencement
                  communications pursuant to Rule 14d-2(b) under the Exchange Act
                  (17 CFR
                  240.14d-2(b))
o
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
        December 16, 2005, Numo Manufacturing, Inc. ("
Numo
"),
        a
        wholly-owned subsidiary of Wilson Brothers USA, Inc. (the "
Company
"),
        together with the Company, and certain other subsidiaries of the Company
        (the
"
Affiliates
"),
        completed a loan transaction enabling Numo to repay and restructure certain
        of
        its existing indebtedness and providing additional working capital for Numo
        (the
"
Loan
        Transaction
").
The
        material agreements relating to the Loan Transaction include the Loan and
        Security Agreement, dated December 15, 2005 (the "
Loan
        Agreement
"),
        by
        and among Numo, the Company, the Affiliates and Triangle Mezzanine Fund ,
        LLLP
        ("
Triangle
"),
        Oberlin Capital, L.P. ("
Oberlin
"),
        and
        Jeffrey Buckalew ("
Buckalew
,"
        together with Triangle and Oberlin, the "
Lenders
"),
        the
        Senior Subordinated Debentures, dated December 15, 2005 (the "
Debentures
"),
        issued to the Lenders in the aggregate amount of $3,200,000, the Guaranty,
        dated
        as of December 15, 2005, from the Company and each Affiliate, benefiting
        the
        Lenders (the "
Guaranty
"),
        the
        Security Agreement, dated December 15, 2005, between Triangle, as agent for
        the
        Lenders, the Company, and the Affiliates (the "
Security
        Agreement
"),
        the
        Pledge and Irrevocable Proxy Agreement, dated December 15, 2005, between
        the
        Company and the Lenders (the "
Pledge
        Agreement
"),
        the
        Investor Rights Agreement, dated December 15, 2005, between Numo, the Company
        (as stockholder of Numo) and the Lenders (the "
Investor
        Rights Agreement
"),
        and
        the Subordination and Intercreditor Agreement, dated December 15, 2005 (the
        "
Intercreditor
        Agreement
"),
        among
        the Lenders, Numo, the Company, the Affiliates and FCC, LLC, d/b/a First
        Capital
        ("First Capital"). In addition, Numo also issued each Lender two separate
        warrants to purchase shares of its common stock (the "
Warrants
").
        As
        discussed in more detail below in Item 1.02 of this report, Oberlin and Buckalew
        had outstanding promissory notes from the Company that were cancelled and/or
        repaid as part of the Loan Transaction
.
The
        material terms of the agreements relating to the Loan Transaction, including
        the
        Intercreditor Agreement (defined below), are described in Item 2.03 of this
        report, which is incorporated by reference into this Item 1.01.
Item
        1.02
Termination
        of a Material Definitive Agreement.
Numo
        used
        a portion of the proceeds from the Loan Transaction to repay that certain
        Variable Rate-Installment Note, dated November 23, 2005, between Numo and
        Comerica Bank ("
Comerica
,"
        and
        such note, the "
Installment
        Note
")
        and
        the Variable Rate-Single Payment Note, dated November 23, 2005, between Numo
        and
        Comerica (the "
Single
        Payment Note
"
).
        The
        Installment Note and the Single Payment Note (together, the "
Comerica
        Loans
")
        were
        terminated as a result of full payment of the outstanding principal balance,
        accrued interest, and fees on all of the outstanding obligations to Comerica
        on
        December 16, 2005. In connection with the repayment of the Comerica Loans,
        Comerica has agreed to provide Numo a release of lien, releasing that certain
        Deed of Trust, Security Agreement and Assignment of Rents entered into with
        Comerica as of November 23, 2005 which granted Comerica a third priority
        security interest with respect to all of Numo's property, including without
        limitation, its land, contracts, leases and rents.
1
Pursuant
        to the terms of the Loan Agreement, the Company cancelled that certain
        promissory note dated as of September 10, 2005 owed to Oberlin, in the original
        principal amount of $300,000, and $200,000 of the total principal amount
        of an
        outstanding promissory note for $300,000 owed to Buckalew (together, the
        "Cancelled Notes"). In addition, Numo and the Company also used a portion of the
        proceeds from the Loan Transaction to repay the remaining $100,000, plus
        accrued
        interest and fees, outstanding on the Buckalew Cancelled Note. The proceeds
        from
        the Loan Transaction were also used to repay and cancel two outstanding
        promissory notes
in
        the
        aggregate principal amount of $300,000, plus accrued interest and fees,
issued
        by
        the Company to
John
        E.
        Hicks, the father of Michael H. Hicks, President of Numo and two outstanding
        promissory notes in the aggregate principal amount of $125,000, plus accrued
        interest and fees, issued by the Company
to
        David
        Stedman, a current member of the Company's Board of Directors (collectively
        with the Cancelled Notes, the "
Company
        Debt
").
No
        early
        termination penalties were incurred in connection with the repayment of the
        Comerica Loans or the Company Debt.
Item
                  2.03
Creation
                  of a
                  Direct Financial Obligation or an Obligation under an Off-Balance
                  Sheet
                  Arrangement of a
                  Registrant.
The
        indebtedness established by the Loan Transaction consists of the three
        Debentures in the aggregate amount of $3,200,000. Proceeds from Loan Transaction
        were used by Numo to repay the Comerica Loans and Company Debt, as discussed
        above in Item 1.02 of this report, to pay expenses related to the Loan
        Transaction and to fund Numo's working capital.
The
        material terms of the Loan Agreement, the Debentures and other material
        contracts relating to the Loan Transaction are as follows:
Loan
        Agreement.
The
        Loan
        Agreement provides for the issuance and sale by Numo, and purchase by each
        Lender, of the Debentures. Numo also granted to Lenders a security interest
        in
        all of its assets, which, pursuant to the terms of the Intercreditor Agreement,
        is subordinate to Numo's $3,500,000 revolving line of credit and $250,000 term
        loan with First Citizens (the "
Senior
        Indebtedness
").
        The
        Loan Agreement contains various representations and warranties and affirmative
        and negative covenants including, among others, covenants relating to use
        of
        proceeds, financial reporting, maintenance of financial ratios, incurrence
        of
        additional indebtedness, liens or guarantees, sale or disposition of assets
        or
        capital stock, change in control transactions, investments, transactions
        with
        affiliates, amendments to charter documents, the payment of dividends and
        the
        repurchase or redemption of its capital stock
and
        the
        obligation to obtain and maintain a key-man life insurance
policy
        on
        the life of Michael Hicks, Numo's President, in the amount of $3,200,000 and to
        provide the Lenders a security interest in such policy
.
        The
        Loan Agreement also provides for customary Events of Default, as defined
        therein, including, among other things, failure to pay any principal or interest
        when due, certain defaults upon other outstanding indebtedness, failure to
        comply with certain covenants, and certain insolvency or receivership events
        affecting Numo, the Company or the Affiliates. In addition to other available
        remedies, upon an event of default, Lenders can, without demand or notice,
        declare all amounts owing under the Debentures immediately due and payable
        and
        exercise their respective rights as a secured party, including without
        limitation, foreclosure on the collateral, subject to the terms of the
        Intercreditor Agreement.
2
Debentures
.
        The
        Debentures were issued and sold as follows:
Lender
Amount
Triangle
$
2,700,000
Oberlin
$
300,000
Buckalew
$
200,000
Total
$
3,200,000
The
        Debentures call for interest to be paid on the outstanding principal amount,
        on
        the last day of each month at the rate of 13% per annum, commencing on December
        31, 2005 and continuing until December 15, 2010, the maturity date. Upon
        the
        occurrence of any Event of Default (as defined in the Loan Agreement), at
        the
        option of holder of the Debenture and without notice to Numo, all accrued
        and
        unpaid interest, if any, will be added to the outstanding principal balance,
        and
        the entire outstanding principal balance, as so adjusted, will bear interest
        thereafter until such default is cured at an annual rate equal to nineteen
        percent (19%) or, if lower, the maximum rate of interest permissible under
        applicable law. All such interest will be paid at the time of and as a condition
        precedent to the curing of any such Event of Default.
Other
        Material Contracts.
Pursuant
        to the terms of the Guaranty and of the Security Agreement, the Company and
        the
        Affiliates each unconditionally guaranteed Numo's obligations under the Loan
        Agreement and granted and pledged to the Lenders a security interest in all
        of
        its right, title and interest in, to and under its property. In addition,
        pursuant to the terms of the Pledge Agreement, the Company has agreed to
        grant a
        continuing security interest in its shares of capital stock of Numo (the
        "
Pledged
        Capital Stock
")
        and
        all of its rights and privileges with respect to the Pledged Capital Stock,
        and
        all income and profits thereon, and all interest, dividends and other payments
        and distributions with respect thereto, and all proceeds of the foregoing
        to
        secure the obligations of Numo under the Loan Agreement and the Debentures.
        Following the occurrence and during the continuance of an Event of Default
        (as
        defined in the Loan Agreement), after payment in full of all Senior Indebtedness
        and termination of all commitments to provide Senior Indebtedness, the Lenders
        may, in their sole discretion, cause any or all of the Pledged Capital Stock
        to
        be transferred of record into the name of the Lenders or their nominees.
Pursuant
        to the terms of the Investor Rights Agreement, the Company (as sole stockholder
        of Numo) agreed to certain co-sale restrictions and Numo granted the Lenders
        piggyback registration rights and certain rights of first refusal with respect
        to certain future security offerings.
In
        connection with the Loan Agreement, Numo entered into certain other agreements
        with the Lenders, including, without limitation, an observation rights letter,
        pursuant to which Numo granted Triangle and one guest of Triangle board
        observation rights, and has agreed to enter into a deed of trust, which will
        grant the Lenders a third priority security interest with respect to all
        of its
        real property and its manufacturing plant.
3
In
        addition, Numo also issued each Lender the Warrants to purchase shares of
        its
        common stock. The Warrants give the Lenders the right to acquire up to 22%
        of
        Numo's capital stock in the aggregate, subject to certain adjustments contained
        therein. Each of the Warrants is exercisable on or at any time after the
        earlier
        of (a) the date that the indebtedness evidenced by the Debenture has been
        paid
        in full or (b) the date that an Event of Default (as defined in the Loan
        Agreement) has occurred and such failure remains uncured for a period of
        sixty
        days, up to and including the tenth anniversary of the date of issuance at
        an
        exercise price of $0.01 per share. The Warrants include a put option, pursuant
        to which Numo granted and issued to the holder of each Warrant the right
        and
        option to sell to Numo all or less than all of the Warrant, and any shares
        of
        Common Stock acquired by the holder as a result of the exercise of the Warrant
        (the "
Put
"),
        at
        any time after the earlier of (i) the fifth anniversary of the date of issuance
        (or such earlier date when the Debenture has been paid in full, if then
        permitted by applicable regulations of the SBA), (ii) an IPO (as defined
        in the
        Debenture), (iii) an Event of Default (as defined in the Loan Agreement),
        or
        (iv) a Change in Control (as defined in the Loan Agreement), at a purchase
        price
        defined in the Warrant based upon Numo's capitalization and certain financial
        factors. The Put expires on the tenth anniversary of the date of issuance
        of
        each Warrant.
4
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.
WILSON
                  BROTHERS USA, INC.
Date:
                  December 21, 2005
By:
/s/ James
                  R. Emmons
James
                  R. Emmons
Chief
                  Accounting Officer
5