DALLAS – Maybe YA Global Investments doesn’t want EMS firm TXP after all.

The two companies reached a forbearance agreement today, under which YA Global agreed to forbear from exercising its rights and remedies, provided TXP pay $250,000 per month beginning March 20.

The deal heads off a default by TXP, under which YA Global could have helped itself to the former’s assets. As of Dec. 17, TXP owed YA Global about $10.2 million, an amount in line with the EMS firm's annual revenues.

In addition, TXP must achieve positive cash flow from operations for the month ending Aug. 30, and cash flow from operations shall remain positive for each quarter thereafter; implement a YA Global-approved cost-cutting/growth plan no later than Jan. 30; and ensure a minimum $2 million of its current and future orders will return average profit margins of at least 25%.