0001193125-05-142101 Sample Contracts

FIREARMS TRAINING SYSTEMS, INC. STOCK OPTION AGREEMENT SERIES L
Stock Option Agreement • July 14th, 2005 • Firearms Training Systems Inc • Services-management consulting services • Delaware

Firearms Training Systems, Inc., a Delaware corporation (the “Company”) hereby grants to Gregory A. Ton (the “Optionee”) as of August 4, 2004 (the “Option Date”), pursuant to the provisions of the Firearms Training Systems, Inc. Stock Option Plan (the “Plan”), a non-qualified option to purchase from the Company (the “Option”) 750,000 shares of its Class A Common Stock, $0.000006 par value (“Stock”), at the price of $0.64 per share upon and subject to the terms and conditions set forth below. References to employment shall also mean an agency or independent contractor relationship and references to employment by the Company shall also mean employment by a Subsidiary. Capitalized terms not defined herein shall have the meanings specified in the Plan.

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FIRST AMENDMENT TO REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT
Revolving Credit, Term Loan and Security Agreement • July 14th, 2005 • Firearms Training Systems Inc • Services-management consulting services

THIS FIRST AMENDMENT TO REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT (this “First Amendment”), dated as of December 30, 2004, is entered into by and among FIREARMS TRAINING SYSTEMS, INC., a Delaware corporation (“Parent”), FATS, INC., a Delaware corporation (“FATS,” and, together with Parent, individually a “Borrower” and collectively, “Borrowers”), and CAPITALSOURCE FINANCE LLC, a Delaware limited liability company (“CapitalSource”), as administrative, payment and collateral agent for Lenders (in such capacities, the “Agent”), and Lenders.

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