ContractPatient Safety Technologies, Inc • August 16th, 2007 • Orthopedic, prosthetic & surgical appliances & supplies
THIS NOTE AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR UNDER THE SECURITIES LAWS OF ANY STATE, AND HAVE BEEN OFFERED AND SOLD IN RELIANCE UPON THE EXEMPTION SET FORTH IN SECTION 4(2) OF SUCH ACT. THIS NOTE AND THE SECURITIES INTO WHICH IT IS CONVERTIBLE MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED, OR OTHERWISE DISPOSED OF WITHOUT PROPER REGISTRATION OR A SATISFACTORY OPINION OF COUNSEL THAT AN EXEMPTION FROM REGISTRATION APPLIES TO ANY SUCH TRANSACTION.
SECURITY AGREEMENTSecurity Agreement • August 16th, 2007 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • Delaware
Security Agreement (the “Agreement”) dated August ____, 2007 made by Patient Safety Technologies, Inc., a Delaware corporation (“Debtor”), in favor of Ault Glazer Capital Partners, LLC, a Delaware limited liability company (the “Secured Party”).
GUARANTY OF PAYMENTGuaranty of Payment • August 16th, 2007 • Patient Safety Technologies, Inc • Orthopedic, prosthetic & surgical appliances & supplies • Delaware
This Guaranty (this "Guaranty") is made as of August __ , 2007 by Surgicount Medical, Inc., a California corporation (the "Guarantor") and a wholly owned subsidiary of Patient Safety Technologies, Inc., a Delaware corporation (“Borrower”), in favor of Ault Glazer Capital Partners, Inc., a Delaware corporation (the "Company"). Unless otherwise defined herein, all capitalized terms used herein shall have the meaning ascribed to them in the Promissory Note, dated the even date hereof, issued by Borrower to the Company.
