AGREEMENT This Agreement is entered into as of the 20th day of May, 2005, and sets forth certain agreements between Cyber Defense Systems, Inc., a Florida corporation ("Cyber"); Techsphere Systems International, LLC, a Georgia LLC (referred to herein...Loan Agreement • May 25th, 2005 • Cyber Defense Systems Inc • Services-prepackaged software • Oklahoma
SECURITY AGREEMENT THIS SECURITY AGREEMENT (the "Agreement") entered into this 20th day of May, 2005, by and between Techsphere Systems International, LLC, a Georgia limited liability company (the "Debtor") and Cyber Defense Systems, Inc., a Florida...Security Agreement • May 25th, 2005 • Cyber Defense Systems Inc • Services-prepackaged software • Oklahoma
STOCK RESTRICTIONS In connection with Cyber's recent financing, the Existing Cyber Controlling shareholders agreed to pledge their shares of Cyber Class A Stock for the benefit of the investors. In connection therewith they entered into a guarantee...Stock Restrictions Agreement • May 25th, 2005 • Cyber Defense Systems Inc • Services-prepackaged software
In connection with Cyber's recent financing, the Existing Cyber Controlling shareholders agreed to pledge their shares of Cyber Class A Stock for the benefit of the investors. In connection therewith they entered into a guarantee and stock pledge agreement and their shares were given to the investor to perfect such security interest. The investor will hold such shares until the Notes are repaid or converted. Although the notes have a three year term it is anticipated that they will be converted prior to their maturity.
