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                                                                    EXHIBIT 4.36

                              Warrant Certificate

NEITHER THE ISSUANCE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE
 ISSUANCE OF ANY SECURITIES ISSUABLE UPON EXERCISE HEREOF HAS BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR PURSUANT
  TO THE SECURITIES LAWS OF ANY STATE, AND SUCH SECURITIES MAY NOT BE SOLD OR
  TRANSFERRED EXCEPT PURSUANT TO (i) A REGISTRATION STATEMENT IN EFFECT WITH
     RESPECT TO SUCH SECURITIES UNDER THE SECURITIES ACT AND THE RULES AND
 REGULATIONS THEREUNDER OR (ii) AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
        OF THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

No. FAC-1                                                          April 9, 2001

                        Certificate for 694,074 Shares

                       NOT EXERCISABLE AFTER 5:00 P.M.,
                        NEW YORK TIME, ON APRIL 9, 2006

                     PACIFIC AEROSPACE & ELECTRONICS, INC.

                   COMMON STOCK PURCHASE WARRANT CERTIFICATE

     THIS CERTIFIES that First Albany Corporation or its assigns is the holder
of this Warrant which represents the right to purchase 694,074 fully paid and
non-assessable shares of Common Stock, par value $.001 per share (the "Common
Stock"), of Pacific Aerospace & Electronics, Inc., a Washington corporation (the
"Company"), at an initial exercise price (the "Exercise Price") equal to $.4062
per share, at the times provided in the Warrant Agreement (as hereinafter
defined), by surrendering this Warrant Certificate, with the Election to
Purchase attached hereto duly executed and by paying in full the Exercise Price.
Payment of the Exercise Price may be made at the option of the holder hereof by
(i) cash, certified check or a wire transfer in same day funds in an amount
equal to the then applicable Exercise Price multiplied by the number of Warrant
Shares then being purchased, (ii) delivery to the Company of that number of
shares of Common Stock, duly endorsed, having an aggregate Fair Market Value
equal to the then applicable Exercise Price multiplied by the number of Warrant
Shares then being purchased or (iii) by any combination of (i) and (ii). In the
alternative, the holder of a Warrant Certificate may exercise its right to
purchase some or all of the Warrant Shares subject to such Warrant Certificate,
on a net basis, such that, without the exchange of any funds, such holder
receives that number of Warrant Shares subscribed to pursuant to such Warrant
Certificate less that number of shares of Common Stock having an aggregate Fair
Market Value at the Date of Exercise equal to the aggregate Exercise Price that
would otherwise have been paid by such holder for the number of Warrant Shares
subscribed to pursuant to such Warrant Certificate.

     No Warrant may be exercised after 5:00 P.M., New York time, on April 9,
2006, (the "Expiration Date"). All Warrants evidenced hereby shall thereafter
become void, subject to the terms of the Warrant Agreement.

     Prior to the Expiration Date, subject to any applicable laws, rules or
regulations restricting transferability and to any restriction on
transferability that may appear on this Warrant Certificate and in accordance
with the terms of the Warrant Agreement, the holder shall be entitled to
transfer this Warrant Certificate, in whole or in part, upon surrender of this
Warrant Certificate to the Company with the Assignment on the reverse hereof.
Upon any such transfer, a new Warrant Certificate or Warrant Certificates
representing the same aggregate number of Warrants will be issued in accordance
with instructions in the form of assignment.

     Upon the exercise of less than all of the Warrants evidenced by this
Warrant Certificate, there shall be issued to the holder a new Warrant
Certificate in respect of the Warrants not exercised.

     Prior to the Expiration Date, the holder shall be entitled to exchange this
Warrant Certificate, with or without other Warrant Certificates, for another
Warrant Certificate or Warrant Certificates for the same aggregate number of
Warrants, upon surrender of this Warrant Certificate to the Company as set forth
in the Warrant
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Agreement. Upon certain events provided for in the Warrant Agreement, the
Exercise Price and the number of shares of Common Stock issuable upon the
exercise of each Warrant are required to be adjusted. No fractional shares will
be issued upon the exercise of Warrants. As to any final fraction of a share
which the holder of one or more Warrant Certificates, the rights under which are
exercised in the same transaction, would otherwise be entitled to purchase upon
such exercise, the Company shall pay the cash value thereof determined as
provided in the Warrant Agreement.

     This Warrant Certificate is issued under and in accordance with the Warrant
Agreement dated as of April 9, 2001 between the Company and the holder and is
subject to the terms and provisions contained in said Warrant Agreement, to all
of which terms and provisions the holder consents by acceptance hereof. All
capitalized terms not defined herein shall have the meaning set forth in the
Warrant Agreement.

     This Warrant Certificate shall not entitle the holder to any of the rights
of a stockholder of the Company, including, without limitation, the right to
vote, to receive dividends and other distributions, or to attend or receive any
notice of meetings of stockholders or any other proceedings of the Company.

     IN WITNESS WHEREOF, the Company has caused this Warrant Certificate to be
duly executed under its facsimile Corporate Seal.

                                       PACIFIC AEROSPACE & ELECTRONICS, INC.

                                   By:     /s/ Donald A. Wright
                                           -------------------------------------
                                   Name:   Donald A. Wright
                                   Title:  President and Chief Financial Officer

                                   Attest:

                                   By:     /s/ Sheryl A. Symonds
                                           -------------------------------------
                                   Name:   Sheryl A. Symonds
                                   Title:  Secretary
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Form of Election To Purchase

     The undersigned hereby irrevocably elects to exercise this Warrant with
respect to [________________] shares of Common Stock represented by this Warrant
Certificate and to purchase such shares of Common Stock issuable upon the
exercise of said Warrant, and requests that Certificates for such shares be
issued and delivered as follows:

ISSUE TO:_______________________________________________________________________
                                       (NAME)

________________________________________________________________________________
                         (ADDRESS, INCLUDING ZIP CODE)

________________________________________________________________________________
                 (SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER)

DELIVER TO: ____________________________________________________________________
                                    (NAME)

at _____________________________________________________________________________
                              (ADDRESS, INCLUDING ZIP CODE)

     If the number of shares hereby purchased is less than all the shares
represented by this Warrant Certificate, the undersigned requests that a new
Warrant Certificate representing the number of full shares not exercised be
issued and delivered as set forth above.

     In full payment of the exercise price with respect to the shares purchased
and transfer taxes, if any, the undersigned hereby tenders payment of $______ by
(i) $_______ in cash, certified check or wire transfer in same day funds, (ii)
surrender to the Company of certificate no(s) ____________ representing ______
shares of Common Stock, (iii) a combination of (i) an (ii) or (iv) purchasing
the shares on a net basis such that the number of shares of Common Stock
otherwise receivable by the holder pursuant to the Warrants exercised shall be
reduced by the number of shares of Common Stock having an aggregate Fair Market
Value equal to the exercise price with respect to the number of shares
purchased.

Date:_________________, _____

                                      __________________________________________
                                      Signature

                                      (Signature must conform in all respects to
                                      name of holder as specified on the face of
                                      the Warrant Certificate.)

                                      PLEASE INSERT SOCIAL SECURITY OR TAX I.D.
                                      NUMBER OF HOLDER

                                      __________________________________________
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Assignment

     FOR VALUE RECEIVED, the undersigned hereby irrevocably sells, assigns and
transfers unto the Assignee named below all of the rights of the undersigned
represented by the within Warrant Certificate, with respect to the number of
shares set forth below:

     Name of Assignee               Address                    No. of Shares

and does hereby irrevocably constitute and appoint ____________________________,
Attorney, to make such transfer on the books of Pacific Aerospace & Electronics,
Inc. maintained for that purpose, with full power of substitution in the
premises.

Date:_________________, _____                  _________________________________
                                               SignatureEXHIBIT 4.10

                                 PROMISSORY NOTE

$5,000.00                                                Date:  February 8, 2001

For value received, the undersigned  Mariculture Systems, Inc. (the "Borrower"),
at PO Box 968, Lake Stevens, Washington 98258-0968, promises to pay to the order
of Elaine  Louise  Meilahn,  (the  "Lender"),  at 7219 196th  Street  SW,  #C-3,
Lynnwood,  Washington  98036-4402,  (or at such  other  place as the  Lender may
designate in writing) the sum of $5,000.00 with interest  calculated  separately
on the unpaid  principal of the loan dating from the date of  inception,  at the
rate of 12.00% per annum.

The individual loan(s) made to the Borrower is itemized as follows:
         $5,000.00 on 1/24/2001.

The unpaid principal and accrued interest shall be payable in full on any future
date on which the Lender demands repayment (the "Due Date").

All payments on this Note shall be applied first in payment of accrued  interest
and any remainder in payment of principal.

The Borrower  reserves the right to prepay this Note (in whole or in part) prior
to the Due Date with no prepayment penalty.

If any payment  obligation  under this Note is not paid when due,  the  Borrower
promises to pay all costs of  collection,  including  reasonable  attorney fees,
whether or not a lawsuit is commenced as part of the collection process.

If any  one or  more  of the  provisions  of  this  Note  are  determined  to be
unenforceable,  in whole or in part,  for any reason,  the remaining  provisions
shall remain fully operative.

All payments of  principal  and interest on this Note shall be paid in the legal
currency of the United  States.  The Borrower  waives  presentment  for payment,
protest, and notice of protest and nonpayment of this Note.

No renewal or extension of this Note, delay in enforcing any right of the Lender
under this Note, or assignment by Lender of this Note shall affect the liability
or the obligations of the Borrower. All rights of the Lender under this Note are
cumulative and may be exercised  concurrently or  consecutively  at the Lender's
option.

This  Note  shall be  construed  in  accordance  with  the laws of the  State of
Washington.

Signed this 7th day of February, 2001, at Lake Stevens, WA

Borrower:
Mariculture Systems, Inc.

By: /s/ David E. Meilahn
-------------------------------------------
     President

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