February 18, 2003 Warrant to Purchase Shares of Common Stock ENVIRONMENTAL TECTONICS CORPORATION STOCK PURCHASE WARRANT THIS CERTIFIES THAT, for value received, ETC Asset Management, LLC, or its registered assigns, is entitled to purchase from...Environmental Tectonics Corp • February 25th, 2003 • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
Exhibit 10.4 PLEDGE AGREEMENT Pledge Agreement, dated as of February 18, 2003, made by ENVIRONMENTAL TECTONICS CORPORATION, a Pennsylvania corporation (the "Pledgor"), in favor of PNC BANK, NATIONAL ASSOCIATION (the "Bank"). W I T N E S S E T H :...Pledge Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
EIGHTH AMENDMENT TO REVOLVING CREDIT AGREEMENTRevolving Credit Agreement • January 13th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
February 18, 2003 Warrant to Purchase Shares of Common Stock ENVIRONMENTAL TECTONICS CORPORATION STOCK PURCHASE WARRANT THIS CERTIFIES THAT, for value received, H. F. Lenfest, or his registered assigns (each, a "Holder"), is entitled to purchase from...Environmental Tectonics Corp • February 25th, 2003 • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
Exhibit 10.3 SECURITY AGREEMENT This SECURITY AGREEMENT is made and entered into as of February 18, 2003, by and between ENVIRONMENTAL TECTONICS CORPORATION (the "Borrower"), ENTERTAINMENT TECHNOLOGY CORPORATION and ETC DELAWARE, INC. (the latter two,...Security Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
EXHIBIT 2 SUBSCRIPTION AGREEMENT This Subscription Agreement pertains to the offering by Environmental Tectonics Corporation (the "Company") of 373,831 shares of the Company's common stock, par value $.05 per share (the "SHARES"), at a purchase price...Subscription Agreement • February 22nd, 2005 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
AGREEMENT ---------Credit Agreement • May 23rd, 2006 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
10,000,000 February 18, 2003 ENVIRONMENTAL TECTONICS CORPORATION SENIOR SUBORDINATED CONVERTIBLE NOTE ENVIRONMENTAL TECTONICS CORPORATION (the "Company"), a Pennsylvania corporation, for value received, and intending to be legally bound, hereby...Environmental Tectonics Corp • February 25th, 2003 • Miscellaneous electrical machinery, equipment & supplies
Exhibit 10.1 CREDIT AGREEMENTCredit Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
Exhibit 4.1 THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. EXCEPT AS OTHERWISE SET FORTH HEREIN, NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY...Environmental Tectonics Corp • September 10th, 2004 • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
GUARANTYGuaranty • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
Exhibit 10.2 REGISTRATION RIGHTS AGREEMENT REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of April 6, 2006, by and between Environmental Tectonics Corporation, a corporation organized under the laws of the Commonwealth of Pennsylvania (the...Registration Rights Agreement • April 7th, 2006 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
EXHIBIT 10.7 AMENDED AND RESTATED REVOLVING CREDIT NOTEEnvironmental Tectonics Corp • May 29th, 2003 • Miscellaneous electrical machinery, equipment & supplies
This Note amends and completely restates and evidences the indebtedness outstanding under and is substituted for, but not in payment, satisfaction, cancellation or novation of, the Revolving Credit Note dated February 18, 2003 issued by the Borrower to the Bank and, as of the date hereof, shall be deemed to be the Revolving Credit Note referred to in, evidences indebtedness incurred under, and is entitled to the benefits of, the Credit Agreement, dated as of the date hereof (as it may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), between the Borrower and the Bank. The Credit Agreement, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional or mandatory prepayments of the principal hereof prior to the maturity thereof, for a higher rate of interest upon the occurrence of an Event of Default and for certain security interests granted by the Borrower and certain rel
EXHIBIT 10.2 ------------Environmental Tectonics Corp • September 10th, 2004 • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
This Note amends and completely restates and evidences the indebtedness outstanding under and is substituted for, but not in payment, satisfaction, cancellation or novation of, the Amended and Restated Revolving Credit Note dated April 30, 2003 issued by the Borrower to the Bank and, as of the date hereof, shall be deemed to be the Revolving Credit Note referred to in, evidences indebtedness incurred under, and is entitled to the benefits of, the Credit Agreement, dated as of the date hereof (as it may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), between the Borrower and the Bank. The Credit Agreement, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional or mandatory prepayments of the principal hereof prior to the maturity thereof, for a higher rate of interest upon the occurrence of an Event of Default and for certain security interests granted by the Borrow
EXHIBIT 1 THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. EXCEPT AS OTHERWISE SET FORTH HEREIN, NEITHER THIS WARRANT NOR ANY OF SUCH SHARES MAY...Environmental Tectonics Corp • February 22nd, 2005 • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
AGREEMENT:Stock Purchase Warrant • June 7th, 2002 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Tennessee
AGREEMENT ---------Loan Documents • January 10th, 2005 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
BACKGROUNDSubordination and Intercreditor Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
BACKGROUND ----------Stockholders Voting Agreement • March 3rd, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
BY AND BETWEENService Contract • January 26th, 2006 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
Exhibit 10.8 CONVERTIBLE NOTE AND WARRANT PURCHASE AGREEMENT by and between ENVIRONMENTAL TECTONICS CORPORATIONConvertible Note and Warrant Purchase Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
ANDOpen-End Mortgage and Security Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
Exhibit 10.9 REGISTRATION RIGHTS AGREEMENT REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of February 18, 2003, by and between Environmental Tectonics Corporation, a corporation organized under the laws of the Commonwealth of Pennsylvania...Registration Rights Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
Reimbursement Agreement for Letters of CreditReimbursement Agreement • November 20th, 2009 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS REIMBURSEMENT AGREEMENT FOR LETTERS OF CREDIT (this “Agreement”) is made as of this 16th day of November, 2009, by ENVIRONMENTAL TECTONICS CORPORATION (the “Obligor”), with an address at 125 James Way, Southampton, PA 18966 in favor of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 500 First Avenue, Third Floor, Pittsburgh, PA 15219. From time to time by submitting an application in a form approved by the Bank (an “Application”), the Obligor or any of its subsidiaries or affiliates has requested the Bank to issue two letters of credit (each, a “Credit”). The Bank may issue any such Credit, but the Bank shall have no obligation to do so unless otherwise agreed in writing. The Obligor agrees that the following terms and conditions shall apply to any Credit:
STOCK REPURCHASE AGREEMENTStock Repurchase Agreement • February 11th, 2011 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
This Stock Repurchase Agreement (the “Agreement”) is entered into as of this 9th day of February, 2011, by and between Environmental Tectonics Corporation, a Pennsylvania corporation, with its principal place of business at 125 James Way, Southampton, Pennsylvania 18966 (the “Company”), and H.F. Lenfest, an individual residing in the Commonwealth of Pennsylvania, with offices at 200 Barr Harbor Drive, Suite 450, Conshohocken, Pennsylvania 19428 (“Lenfest”).
SECURED CREDIT FACILITY AND WARRANT PURCHASE AGREEMENT by and between ENVIRONMENTAL TECTONICS CORPORATION and H.F. LENFEST Dated as of April 24, 2009Purchase Agreement • November 24th, 2010 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS SECURED CREDIT FACILITY AND WARRANT PURCHASE AGREEMENT (this “Agreement”), dated as of April 24, 2009, is made by and between Environmental Tectonics Corporation, a Pennsylvania corporation (the “Borrower”), and H.F. Lenfest (the “Lender”). Capitalized terms used and not defined elsewhere in this Agreement are defined in Article 1 hereof.
SECOND AMENDED AND RESTATED SUBORDINATION AND INTERCREDITOR AGREEMENTSubordination and Intercreditor Agreement • April 27th, 2009 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
This Amended and Restated Subordination and Intercreditor Agreement (this “Agreement”) is dated as of April 23, 2009 among PNC BANK, NATIONAL ASSOCIATION (the “Bank”), SUBORDINATED LENDER (as defined below), and ENVIRONMENTAL TECTONICS CORPORATION, a Pennsylvania corporation (“Company”).
ENVIRONMENTAL TECTONICS CORPORATION AMENDED AND RESTATED COMMON STOCK WARRANTEnvironmental Tectonics Corp • April 27th, 2009 • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS CERTIFIES THAT, for value received, H.F. Lenfest, or his registered assigns (each, a “Holder”), is entitled to purchase from Environmental Tectonics Corporation, a Pennsylvania corporation (the “Company”), at any time or from time to time during the Exercise Period (as hereinafter defined), the number of fully paid and nonassessable shares of the Company’s common stock, par value $0.05 per share (the “Common Stock”), set forth in Section 1 hereof, at the exercise price set forth in Section 2 hereof, subject to adjustment as provided herein. This Amended and Restated Common Stock Warrant (this “Warrant”) amends and restates in its entirety and replaces the Common Stock Warrant issued to the Holder by the Company on February 20, 2009. This Warrant has been issued pursuant to, and subject to the terms of, that certain Secured Promissory Note, dated as of February 20, 2009, issued by the Company to the Holder (the “Note”). The term “Warrant Shares”, as used herein, refers to the share
EXHIBIT 10.2 REVOLVING CREDIT NOTEEnvironmental Tectonics Corp • February 25th, 2003 • Miscellaneous electrical machinery, equipment & supplies
This Note is the Revolving Credit Note referred to in, evidences indebtedness incurred under, and is entitled to the benefits of, the Credit Agreement, dated as of the date hereof (as it may be amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), between the Borrower and the Bank. The Credit Agreement, among other things, contains provisions for the acceleration of the maturity hereof upon the happening of certain events, for optional or mandatory prepayments of the principal hereof prior to the maturity thereof, for a higher rate of interest upon the occurrence of an Event of Default and for certain security interests granted by the Borrower and certain related entities. Reference is made to the Credit Agreement and the other Loan Documents for a statement of the terms and conditions under which the Revolving Credit Loans evidenced hereby have been secured.
AGREEMENT BETWEEN ENVIRONMENTAL TECTONICS CORPORATION AND THE DEPARTMENT OF THE NAVYAgreement • December 18th, 2007 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
Amendment to Loan DocumentsLoan Documents • July 12th, 2010 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS AMENDMENT TO LOAN DOCUMENTS (this “Amendment”) is made as of June 2, 2010, by and between ENVIRONMENTAL TECTONICS CORPORATION (the “Borrower”) and PNC BANK, NATIONAL ASSOCIATION (the “Bank”).
SERIES C PREFERRED STOCK PURCHASE AGREEMENT Dated as of August 23, 2007 Between ENVIRONMENTAL TECTONICS CORPORATION and H.F. LENFESTSeries C Preferred Stock Purchase Agreement • August 28th, 2007 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies • Pennsylvania
THIS SERIES C PREFERRED STOCK PURCHASE AGREEMENT (this “Agreement”), is entered into as of the 23rd day of August, 2007, by and between Environmental Tectonics Corporation, a Pennsylvania corporation (the “Company”), and H.F. Lenfest, a Pennsylvania resident (the “Buyer”).
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • July 25th, 2006 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into between William F. Mitchell ("Executive") and Environmental Tectonics Corporation (the "Company"), collectively referred to as the "Parties," with an "Effective Date" of July 24, 2006.
Restated Guaranty AgreementGuaranty Agreement • August 3rd, 2007 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
THIS RESTATED GUARANTY AGREEMENT (this “Guaranty”) is made and entered into as of this 31st day of July, 2007, by H.F. LENFEST, an individual (the “Guarantor”), with an address at 300 Barr Harbor Drive, Suite 460, West Conshohocken, PA 19428, in consideration of the extension of credit by PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1000 Westlakes Drive, Suite 200, Berwyn, PA 19312, to ENVIRONMENTAL TECTONICS CORPORATION (the “Borrower”), and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. This Guaranty restates and replaces (but does not constitute a novation of) the existing Restated Limited Guaranty Agreement from the Guarantor to the Bank dated as of November 16, 2006.
EXHIBIT 10.3 ------------ LIMITED GUARANTY AGREEMENT [PNC LOGO OMITTED] THIS LIMITED GUARANTY AGREEMENT (this "GUARANTY") is made and entered into as of this 24th day of August, 2004, by H.F. LENFEST, an individual (the "GUARANTOR"), with an address...Limited Guaranty Agreement • September 10th, 2004 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
