Exhibit 10.4 CUSTODY, PLEDGE AND SECURITY AGREEMENT -------------------------------------- CUSTODY, PLEDGE AND SECURITY AGREEMENT, dated as of December 19, 2007 ("Agreement"), by and among ORBIT INTERNATIONAL CORP., a Delaware corporation ------...Custody, Pledge and Security Agreement • December 21st, 2007 • Orbit International Corp • Electronic components, nec • Kentucky
Contract Type FiledDecember 21st, 2007 Company Industry JurisdictionCUSTODY, PLEDGE AND SECURITY AGREEMENT -------------------------------------- CUSTODY, PLEDGE AND SECURITY AGREEMENT, dated as of December 19, 2007 ("Agreement"), by and among ORBIT INTERNATIONAL CORP., a Delaware corporation ------ ("Pledgor"), KENNETH J. ICE, MICHAEL R. RHUDY and JULIE A. MCDEARMAN (each, a "Pledgee" and collectively, the "Pledgees") and Phillips Nizer LLP a New York limited liability partnership, as custodian (the "Custodian"). This Agreement is made pursuant to the Stock Purchase Agreement (the "SPA") dated as of December 19, 2007, by and among Pledgor, Integrated Consulting Services, Inc. ("ICS"), a Kentucky corporation, and the Pledgees. CAPITALIZED TERMS USED AND NOT OTHERWISE DEFINED HEREIN THAT ARE DEFINED IN THE SPA SHALL HAVE THE MEANINGS GIVEN SUCH TERMS IN THE SPA.
2- 3 6. Rights of the Bank. The Bank shall not be liable for failure to collect or realize upon the Collateral or any collateral security or guarantee therefor, or any part thereof, or for any delay in so doing, nor shall it be under any obligation to...Custody, Pledge and Security Agreement • March 17th, 1998 • Continental Circuits Corp • Printed circuit boards • Arizona
Contract Type FiledMarch 17th, 1998 Company Industry Jurisdiction
RECITALSCustody, Pledge and Security Agreement • November 14th, 1997 • Advanced Aerodynamics & Structures Inc/ • Aircraft • California
Contract Type FiledNovember 14th, 1997 Company Industry Jurisdiction