SECURITY AGREEMENTSecurity Agreement • September 11th, 2009 • Implant Sciences Corp • Measuring & controlling devices, nec • New York
This SECURITY AGREEMENT (this “Agreement”), dated as of September 4, 2009, among the Grantor(s) listed on the signature pages hereof and those additional entities that hereafter become parties hereto by executing the form of Supplement attached hereto as Annex 1 (collectively, jointly and severally, the “Grantors” and each, individually, a “Grantor”), and DMRJ GROUP, LLC (together with its successors and assigns, the “Secured Party”).
GUARANTYGuaranty • September 11th, 2009 • Implant Sciences Corp • Measuring & controlling devices, nec • New York
This GUARANTY (the “Guaranty”), dated as of September 4, 2009, is executed and delivered by C-ACQUISITION CORP., a Delaware corporation (“C-Acquisition”), ACCUREL SYSTEMS INTERNATIONAL CORPORATION, a California corporation (“Accurel”), and IMX ACQUISITION CORP., a Delaware corporation (“IMX” and together with C-Acquisition and Accurel, each a “Guarantor” and collectively, “Guarantors”) in favor of DMRJ HOLDINGS, LLC, a Delaware limited liability company, in its capacity as Lender under the Credit Agreement (as defined below) and as Secured Party under the Security Agreement (as defined below) (in such capacities, and together with their respective successors, transferees and assigns, “Secured Party”).
PROMISSORY NOTEPromissory Note • September 11th, 2009 • Implant Sciences Corp • Measuring & controlling devices, nec
FOR VALUE RECEIVED, the undersigned, IMPLANT SCIENCES CORPORATION, a Massachusetts corporation (“Borrower”), promises to pay to the order of DMRJ GROUP, LLC (“Lender”), at the place and times provided in the Credit Agreement referred to below, the principal sum of $3,000,000 or, if less, the unpaid principal amount of all Advances made by Lender, in its sole discretion, from time to time pursuant to that certain Credit Agreement, dated the date hereof (as amended, supplemented, modified or restated from time to time, the “Credit Agreement”) among the Borrower, the Guarantors and Lender. Borrower also promises to pay interest on the unpaid outstanding principal amount from the date hereof until this note (the “Note”) is paid in full calculated in the manner and payable at the times and at the rates as are, from time to time, applicable pursuant to and in accordance with the Credit Agreement. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in
PATENT SECURITY AGREEMENTPatent Security Agreement • September 11th, 2009 • Implant Sciences Corp • Measuring & controlling devices, nec • New York
This PATENT SECURITY AGREEMENT (this “Patent Security Agreement”) is made this 4th day of September, 2009, among the Grantors listed on the signature pages hereof (collectively, jointly and severally, “Grantors” and each individually “Grantor”), and DMRJ GROUP, LLC (together with its successors, the “Secured Party”).
