0001144204-06-004164 Sample Contracts

SECURITY AGREEMENT BY AND BETWEEN AULT GLAZER BODNAR ACQUISITION FUND LLC AND PATIENT SAFETY TECHNOLOGIES, INC.

Security Agreement • February 6th, 2006 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • California

• Contract Type
  Security Agreement
• Filed
  February 6th, 2006
• Company
  Patient Safety Technologies, Inc
• Industry
  Orthopedic, prosthetic & surgical appliances & supplies
• Jurisdiction
  California

Ault Glazer Bodnar Acquisition Fund, LLC (“Secured Party”) and Patient Safety Technologies, Inc., a Delaware corporation (“Debtor”) agree as follows on February 1, 2006:

ADDENDUM VII

Addendum Vii • February 6th, 2006 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies

• Contract Type
  Addendum Vii
• Filed
  February 6th, 2006
• Company
  Patient Safety Technologies, Inc
• Industry
  Orthopedic, prosthetic & surgical appliances & supplies

This Addendum VII (“Addendum VII”) is an addendum to the July 27, 2005 Real Estate Note (“Note”) executed by D. W. Grimsley, Jr., on behalf of Automotive Services Group, LLC (“ASG”) (the “Undersigned”), the Future Advance Mortgage Assignment of Rents and Leases and Security Agreement (“Security Agreement”) executed by the Undersigned on July 27, 2005, Addendum I (“Addendum I”) dated August 10, 2005, Addendum II dated September 23, 2005 (“Addendum II”), Addendum III dated October 20, 2005 (“Addendum III”), Addendum IV dated December 7, 2005 (“Addendum IV”), Addendum V dated December 22, 2005 (“Addendum V”), and Addendum VI dated January 10, 2006 (“Addendum VI”). The Note, Security Agreement and Addendum I, II, III, IV, V and VI are fully incorporated by reference in this Addendum VII.

ADDENDUM VI

Patient Safety Technologies, Inc • February 6th, 2006 • Orthopedic, prosthetic & surgical appliances & supplies

• Company
  Patient Safety Technologies, Inc
• Filed
  February 6th, 2006
• Industry
  Orthopedic, prosthetic & surgical appliances & supplies

This Addendum VI (“Addendum VI”) is an addendum to the July 27, 2005 Real Estate Note (“Note”) executed by D. W. Grimsley, Jr., on behalf of Automotive Services Group, LLC (“ASG”) (the “Undersigned”), the Future Advance Mortgage Assignment of Rents and Leases and Security Agreement (“Security Agreement”) executed by the Undersigned on July 27, 2005, Addendum I (“Addendum I”) dated August 10, 2005, Addendum II dated September 23, 2005 (“Addendum II”), Addendum III dated October 20, 2005 (“Addendum III”), Addendum IV dated December 7, 2005 (“Addendum IV”) and Addendum V dated December 22, 2005 (“Addendum V”). The Note, Security Agreement and Addendum I, II, III, IV and V are fully incorporated by reference in this Addendum VI.