Security AgreementSecurity Agreement • May 15th, 2018 • Mikros Systems Corp • Measuring & controlling devices, nec
THIS SECURITY AGREEMENT (this “Agreement”), dated as of this 31 day of January, 2018, is made by and between MIKROS SYSTEMS CORPORATION (the “Grantor”), with an address at 200 Commerce Drive, Suite 300, Fort Washington, Pennsylvania 19034, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003.
AGREEMENT AND PLAN OF MERGER by and among MIKROS SYSTEMS CORPORATION MCKEAN DEFENSE GROUP, INC. and GYRO MERGER SUB INC. Dated as of November 12, 2020Merger Agreement • November 13th, 2020 • Mikros Systems Corp • Measuring & controlling devices, nec • Delaware
This AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of November 12, 2020, is by and among MIKROS SYSTEMS CORPORATION, a Delaware corporation (the “Company”), MCKEAN DEFENSE GROUP, INC., a Delaware corporation (“Parent”), and GYRO MERGER SUB INC., a Delaware corporation (“Merger Sub” and, together with the Company and Parent, the “Parties”).
Committed Line of Credit Note (Daily LIBOR)Committed Line of Credit Note • May 15th, 2018 • Mikros Systems Corp • Measuring & controlling devices, nec
FOR VALUE RECEIVED, MIKROS SYSTEMS CORPORATION (the “Borrower”), with an address at 200 Commerce Drive, Suite 300, Fort Washington, Pennsylvania 19034, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003, or at such other location as the Bank may designate from time to time, the principal sum of FIVE HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($550,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
Loan AgreementLoan Agreement • May 15th, 2018 • Mikros Systems Corp • Measuring & controlling devices, nec
THIS LOAN AGREEMENT (the “Agreement”), is entered into as of January 31, 2018, between MIKROS SYSTEMS CORPORATION, a Delaware corporation (the “Borrower”), with an address at 200 Commerce Drive Suite 300, Fort Washington, Pennsylvania 19034, and PNC BANK, NATIONAL ASSOCIATION (the “Bank”), with an address at 1950 Marlton Pike East, Cherry Hill, New Jersey 08003.
FORM OF RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • July 28th, 2017 • Mikros Systems Corp • Measuring & controlling devices, nec • Delaware
THIS AGREEMENT is entered into and effective as of _________, 20__ (the “Date of Grant”), by and between Mikros Systems Corporation (the “Company”) and _________________ (the “Grantee”).
EXCHANGE AGREEMENTExchange Agreement • August 15th, 2016 • Mikros Systems Corp • Measuring & controlling devices, nec • Delaware
This Exchange Agreement (this “Agreement”) dated on and as of the latest date set forth on the signature page hereto by and between Mikros Systems Corporation, a Delaware corporation (“Issuer”), and U. S. Small Business Administration (“SBA”).
Mikros Systems CorporationSeverance Agreement • July 29th, 2020 • Mikros Systems Corp • Measuring & controlling devices, nec
Following up on our recent discussions, this letter shall set forth our agreement regarding certain terms of your employment with Mikros Systems Corporation, a Delaware corporation (the “Company”). For good and valuable consideration, the receipt and sufficient of which are hereby acknowledge, the undersigned agree as follows:
FORM OF EXCHANGE AGREEMENTExchange Agreement • August 15th, 2016 • Mikros Systems Corp • Measuring & controlling devices, nec • Delaware
This Exchange Agreement (this “Agreement”) dated on and as of the date set forth on the signature page hereto by and between Mikros Systems Corporation, a Delaware corporation (“Issuer”), and the stockholder identified on the signature page hereof (“Holder”).
November ___, 2020Merger Agreement • November 13th, 2020 • Mikros Systems Corp • Measuring & controlling devices, nec
McKean Defense Group, Inc. (“Parent”), Gyro Merger Sub Inc., a wholly-owned subsidiary of Parent (“Merger Sub”), and Mikros Systems Corporation (the “Company”) desire to enter into, concurrently with or following the execution of this letter agreement (this “Agreement”), an Agreement and Plan of Merger (as the same may be amended from time to time, the “Merger Agreement”), pursuant to which, among other things, the Company will merge with and into Merger Sub with the Company surviving the merger (the “Merger”) pursuant to the terms and conditions of the Merger Agreement. Defined terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement.
CONSULTING AGREEMENTConsulting Agreement • May 15th, 2020 • Mikros Systems Corp • Measuring & controlling devices, nec • Delaware
This CONSULTING AGREEMENT (“Agreement”) is made and entered into on and as of March 2, 2020 by and between Mikros Systems Corporation, a Delaware corporation (the “Company“), and Mark Malone (“Consultant”).
EMPLOYMENT AGREEMENTEmployment Agreement • November 16th, 2020 • Mikros Systems Corp • Measuring & controlling devices, nec • Pennsylvania
This Employment Agreement, dated as of November 12, 2020 (this “Agreement”), is made and entered into by and between Mikros Systems Corporation, a Delaware corporation, (“Company”) and Walter T. Bristow (“Executive”). Terms used herein and not otherwise defined shall have the meanings set forth in Section 11.
SETTLEMENT AND RELEASE AGREEMENTSettlement Agreement • November 16th, 2020 • Mikros Systems Corp • Measuring & controlling devices, nec • Pennsylvania
This Settlement Agreement, dated as of November 12, 2020 (this “Agreement”), is made and entered into by and between Mikros Systems Corporation, a Delaware corporation, (“Company”) and Mark J. Malone (“Executive”). Terms used herein and not otherwise defined shall have the meanings set forth in the Merger Agreement (defined below).
