Common use of An Event of Default Clause in Contracts

An Event of Default. SHOULD OCCUR, THE DEBTOR WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT THE DEBTOR MAY HAVE TO NOTICE AND A HEARING BEFORE THE SECURED PARTY TAKES POSSESSION OF THE COLLATERAL BY SELF-HELP, REPLEVIN, ATTACHMENT, SETOFF OR OTHERWISE. EXECUTED and delivered as of the day and year first above written. NIK PUBLIC SAFETY, INC. By:__________________________________ Its:______________________________ (CORPORATE SEAL)

An Event of Default. SHOULD OCCUR, THE DEBTOR WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT THE DEBTOR MAY HAVE TO NOTICE AND A HEARING BEFORE THE SECURED PARTY TAKES POSSESSION OF THE COLLATERAL BY SELF-HELP, REPLEVIN, ATTACHMENT, SETOFF OR OTHERWISE. EXECUTED and delivered as of the day and year first above written. NIK PUBLIC SAFETYARMOR HOLDINGS PROPERTIES, INC. By:__________________________________ Its:______________________________ (CORPORATE SEAL)

An Event of Default. SHOULD OCCUR, THE DEBTOR WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT THE DEBTOR MAY HAVE TO NOTICE AND A HEARING BEFORE THE SECURED PARTY TAKES POSSESSION OF THE COLLATERAL BY SELF-HELP, REPLEVIN, ATTACHMENT, SETOFF OR OTHERWISE. EXECUTED and delivered as of the day and year first above written. NIK PUBLIC SAFETYARMOR HOLDINGS, INC. By:__________________________________ Its:______________________________ (CORPORATE SEAL)

An Event of Default. SHOULD OCCUR, THE DEBTOR WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT THE DEBTOR MAY HAVE TO NOTICE AND A HEARING BEFORE THE SECURED PARTY TAKES POSSESSION OF THE COLLATERAL BY SELF-HELP, REPLEVIN, ATTACHMENT, SETOFF OR OTHERWISE. EXECUTED and delivered as of the day and year first above written. NIK PUBLIC SAFETY, INC. DEFENSE TECHNOLOGY CORPORATION OF AMERICA By:__________________________________ Its:______________________________ (CORPORATE SEAL)