Ballistic Recovery Systems Inc Sample Contracts

PURCHASE AND SUPPLY AGREEMENT 1. PURPOSE AND SCOPE Cirrus Design Corporation (herein after referred to as Cirrus) desires that a certain type of FAA certified ballistically deployed Cirrus Airframe Parachute System be available for use in its...
Purchase and Supply Agreement • September 20th, 1999 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota
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Contract
Warrant Agreement • February 14th, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec

This Warrant and the Securities issuable upon exercise of this Warrant have not been registered under the Securities Act of 1933 (the “Securities Act”) or under any state securities or “Blue Sky” laws (“Blue Sky Laws”). No transfer, sale, assign­ment, pledge, hypothecation or other disposition of this Warrant or the Securities issuable upon exercise of this Warrant or any interest therein may be made except (a) pursuant to an effective registration statement under the Securities Act and any applicable Blue Sky Laws or (b) if the Company has been furnished with an opinion of counsel for the holder, which opinion and counsel shall be reasonably satisfactory to the Company, to the effect that no registration is required because of the availability of an exemption from registration under the Securities Act and applicable Blue Sky laws.

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EMPLOYMENT AGREEMENT
Employment Agreement • August 12th, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS AGREEMENT is effective this 1st day of January, 2004, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”) and Mark B. Thomas, a Minnesota resident (the “Executive”).

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LOAN AGREEMENT
Loan Agreement • August 24th, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS LOAN AGREEMENT (“Agreement”) is made and entered into this 15th day of August, 2007 (“Closing Date”), by and between Anchor Bank Saint Paul, N.A. (“Lender”) and Ballistic Recovery Systems, Inc., a Minnesota corporation (“Borrower”).

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EMPLOYMENT AGREEMENT
Employment Agreement • December 23rd, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS EMPLOYMENT AGREEMENT, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”), and Larry Williams (the “Executive”) is entered into on this 6th day of May, 2005 (the “Effective Date”).

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CONSULTING AGREEMENT
Consulting Agreement • February 14th, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This CONSULTING AGREEMENT is made effective as of this 17th day of November, 2004 by and between Thomas H. Adams, Jr. (“Mr. Adams”) a Tennessee resident and Ballistic Recovery Systems, Inc., a Minnesota corporation (“BRS”).

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SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • June 26th, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made as of the 22nd day of June, 2007, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”), and CIMSA Ingenieria de Sistemas, S.A., a corporation organized under the laws of Spain (“CIMSA”).

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MASTER AGREEMENT
Master Agreement • November 21st, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS MASTER AGREEMENT (the “Agreement”) is made and entered into effective as of November 16, 2007, by and among Ballistic Recovery Systems, Inc., a Minnesota corporation (“BRS”), Head Lites Corporation, a Minnesota corporation (“HLC”), Advanced Tactical Fabrication, Inc., a Minnesota corporation (the “Company”), and Gary Lesley, Chief Executive Officer, a director and 89% shareholder of the outstanding securities of HLC (“Lesley”).

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RESIGNATION, CONSULTING, NON-COMPETITION AND GENERAL RELEASE AGREEMENT
Resignation, Consulting, Non-Competition and General Release Agreement • February 14th, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS RESIGNATION, CONSULTING, NON-COMPETITION AND GENERAL RELEASE AGREEMENT (“Agreement”) is made and entered into this 14th day of October, 2004 (the “Effective Date”), by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”), and Mark B. Thomas, a Minnesota resident (“Mr. Thomas”).

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ASSET PURCHASE AGREEMENT
Asset Purchase Agreement • November 21st, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This Asset Purchase Agreement is effective as of November 16, 2007 (the “Effective Date”), by and among Advanced Tactical Fabrication, Inc. (the “Buyer”), Head Lites Corporation (the “Seller”), Gary Lesley (“Lesley”), and Arthur Petrie (“Petrie”).

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BALLISTIC RECOVERY SYSTEMS, INC SUBSCRIPTION AGREEMENT Units including Common Stock and Warrants to Purchase Common Stock SUBSCRIPTION AGREEMENT AND LETTER OF INVESTMENT INTENT
Subscription Agreement • December 26th, 2006 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This subscription, submitted as of the date set forth on the Signature Page, is between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”), and the undersigned subscriber (the “Subscriber”).

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AMENDMENT TO PURCHASE AND SUPPLY AGREEMENT
Purchase and Supply Agreement • May 22nd, 2006 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec

This AMENDMENT TO PURCHASE AND SUPPLY AGREEMENT (this “Amendment”) is made effective as of the 6th day of February, 2006, by and among Cirrus Design Corporation (“Cirrus”) and Ballistic Recovery Systems, Inc. (“BRS”). Capitalized terms used herein but not defined herein shall have the meanings set forth in the Purchase and Supply Agreement (as defined below).

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AGREEMENT
Funding Agreement • November 13th, 2000 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec
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BALLISTIC RECOVERY SYSTEMS, INC. DIRECTOR STOCK OPTION AGREEMENT
Director Stock Option Agreement • February 23rd, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This Director Stock Option Agreement (the “Agreement”) is made and entered into effective as of the [ ] day of [ ], 2004, between [ NAME ](“Option Holder”) and Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”).

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CONSULTING AGREEMENT
Consulting Agreement • February 14th, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This CONSULTING AGREEMENT is made effective as of this 17th day of November, 2004 by and between Boris Popov (“Mr. Popov”) a Minnesota resident and Ballistic Recovery Systems, Inc., a Minnesota corporation (“BRS”).

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SECURITY AGREEMENT
Security Agreement • August 24th, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS SECURITY AGREEMENT (“Security Agreement”) is made as of this 15th day of August, 2007, by Ballistic Recovery Systems, Inc., a Minnesota corporation (“Borrower”), in favor of Anchor Bank Saint Paul, N.A., having an address of 66 Thompson Avenue East, West St. Paul, Minnesota 55118 (“Bank”).

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INTERIM SERVICES AGREEMENT
Interim Services Agreement • February 14th, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

This INTERIM SERVICES AGREEMENT is made effective as of this 17th day of November, 2004 by and between Robert L. Nelson (“Mr. Nelson”) a Minnesota resident and Ballistic Recovery Systems, Inc., a Minnesota corporation (“BRS”).

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BALLISTIC RECOVERY SYSTEMS, INC. SUBSCRIPTION AGREEMENT
Subscription Agreement • February 22nd, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS SUBSCRIPTION AGREEMENT (the “Agreement”) is made effective as of the date of acceptance set forth on the signature page below, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the ”Company”), and ___________ (a ______ of the Company) (referred to throughout the remainder of this Agreement as the “undersigned”) in connection with the private placement offering (the “Offering”) of shares of the Company’s common stock at $1.36 per share (the “Common Shares”) together with one three year warrant (“Warrant”) to purchase 6,296 shares of Common Stock (25% of the Common Shares purchased hereunder) at an exercise price of $2.00 per share (the “Warrant Shares”). Throughout this Agreement, the Common Shares, the Warrants and the Warrant Shares are collectively referred to as the “Securities.”

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EXHIBIT # 10.1
Non-Compete Agreement • December 28th, 1995 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Nevada
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SECURITY AGREEMENT DATED: September 19, 2005
Security Agreement • September 23rd, 2005 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

DEBTOR Ballisitc Recovery Systems, Inc. 300 Airport Road South St. Paul, MN 55075 State of Formation: Minnesota State Organizational No.: SECURED PARTY Charles F. Parsons and Aerospace Marketing, Inc. 10440 Schultz Road Ft. Meyers, FL 33908

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BALLISTIC RECOVERY SYSTEMS, INC. SUBSCRIPTION AGREEMENT
Subscription Agreement • February 22nd, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS SUBSCRIPTION AGREEMENT (the “Agreement”) is made effective as of the date of acceptance set forth on the signature page below, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the ”Company”), and Darrel Brandt (a director of the Company) (referred to throughout the remainder of this Agreement as the “undersigned”) in connection with the private placement offering (the “Offering”) of shares of the Company’s common stock at $1.36 per share (the “Common Shares”).

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EMPLOYMENT AGREEMENT
Employment Agreement • February 22nd, 2007 • Ballistic Recovery Systems Inc • Aircraft parts & auxiliary equipment, nec • Minnesota

THIS EMPLOYMENT AGREEMENT, by and between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”), and Larry E. Williams (the “Executive”) is entered into on this 4th day of January, 2007 (the “Effective Date”).

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