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
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
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
GUARANTYGuaranty • February 25th, 2003 • 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 • February 25th, 2003 • 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
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.
Exhibit 10.5 Pledge Agreement (Bank Deposits)Pledge Agreement • February 25th, 2003 • Environmental Tectonics Corp • Miscellaneous electrical machinery, equipment & supplies
