Document:

Exhibit 10.13

Exhibit 10.13

April 18, 2008

Mr. K. Tucker Andersen

61 Above All Road

Warren, CT 06754

Line of Credit for $1,300,000

Dear Tucker:

This will confirm that the line of credit you opened for Milestone Scientific Inc. as of June
28, 2007, in the aggregate amount of $1,000,000, has been increased to $1,300,000. Monies under
the line in excess of $1,000,000 may be drawn in multiples of $25,000. The other terms of the
letter agreement continue unchanged.

If this conforms with your understanding with Milestone please countersign and return the copy
of this letter. Milestone will then issue to you a new promissory note evidencing the increased
line of credit in exchange for the prior promissory note.

	 	 	 	 	 
	 	Very truly yours

MILESTONE SCIENTIFIC INC.

 	 
	 	by:	 	 /s/ Joe W. Martin 	 
	 	 	 	Joe W. Martin 	 
	 	 	 	Chief Executive Officer 	 

Accepted and agreed to

this 18th day of April, 2008

	 	 	 
	/s/ K. Tucker Andersen
 

K. Tucker AndersenExhibit 10.14

Exhibit 10.14

PROMISSORY NOTE

			
	 	 	 
	$450,000
	 	December 24, 2008

FOR VALUE RECEIVED on July 7, 2008, the undersigned, MILESTONE SCIENTIFIC INC., a Delaware
corporation (“Milestone”), promises to pay to the order of K. Tucker Andersen (the “Holder”), on
June 30, 2012 (the “Maturity”) or on such earlier date as Milestone may determine, without penalty,
upon reasonable notice to the Holder, the principal sum of FOUR HUNDRED FIFTY THOUSAND DOLLARS
($450,000), or, if less than such amount, the aggregate unpaid principal amount of the borrowings,
remaining under this Promissory Note (this “Note”). Interest on the unpaid principal amount is
payable at the Maturity. Interest shall accrue at a rate of twelve percent per annum, compounded
quarterly on the outstanding balance. Both principal and interest payable as provided in this Note
shall be made in lawful money of the United States of America at 61 Above All Road, Warren, CT
06754, or such other such place within the United States as from time to time may be designated by
the Holder of this Note.

On the date hereof, Milestone shall issue to the Holder warrants exercisable for 45,000 shares
of Milestone’s common stock at $[the average of the closing prices per share on each of the 20 days
prior to the signing of this Note] per share (the “Warrants”). The Warrants shall be exercisable
upon issuance and shall expire on the Maturity.

Should the indebtedness represented by this Note or any part thereof be collected at law or in
equity through any bankruptcy, receivership, probate or other court proceedings or if this Note is
placed in the hands of attorneys for collection after default, Milestone will pay the Holder of
this Note in addition to the principal and interest due and payable hereon all the costs and
expenses of the Holder in enforcing this Note including, without limitation, reasonable attorneys’
fees and legal expenses.

This Note and the rights, duties and liabilities of the parties hereunder or arising from or
relating in any way to the indebtedness evidenced by this Note or the transaction of which such
indebtedness is part shall be governed by and in accordance with the law of the State of New Jersey
and the law of the United States applicable to transactions within such State.

No amendment to this Note shall be binding unless expressed in a writing executed by Milestone
and the Holder of this Note.

MILESTONE IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY NEW JERSEY OR FEDERAL
COURT SITTING IN NEW JERSEY OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY
OF THE LOAN DOCUMENTS, AND MILESTONE HEREBY AGREES AND CONSENTS THAT, IN ADDITION TO ANY METHODS OF
SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT,
ACTION OR PROCEEDING IN ANY NEW JERSEY OR FEDERAL COURT SITTING IN NEW JERSEY MAY BE MADE BY
CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO MILESTONE AT THE ADDRESS
INDICATED BELOW, AND SERVICE SO MADE SHALL BE COMPLETE FIVE DAYS AFTER THE SAME SHALL HAVE BEEN SO
MAILED.

	 	 	 	 	 
	 	MILESTONE SCIENTIFIC INC.

 	 
	 	By:  	/s/Joe W.  Martin
 	 
	 	 	Joe W. Martin, Chief Executive Officerexv4w1

Exhibit 4.1

CERTIFICATE OF INCORPORATION

OF

NEW S HOLDCO, INC.

ARTICLE I

NAME OF CORPORATION

     The name of the Corporation (the “Corporation”) is:

New S Holdco, Inc.

ARTICLE II

REGISTERED OFFICE

     The name and address of the registered office of The Corporation Trust Company, Corporation
Trust Center, 1209 Orange Street, in the City of Wilmington, County of New Castle 19801.

ARTICLE III

PURPOSE

     The purpose of the Corporation is to engage in any lawful act or activity for which
corporations may be organized under the General Corporation Law of the State of Delaware.

ARTICLE IV

AUTHORIZED CAPITAL STOCK

     The Corporation shall be authorized to issue one class of stock to be designated Common Stock;
the total number of shares which the Corporation shall have authority to issue is 100, and each
such share shall have a par value of $1.00.

ARTICLE V

BOARD POWER REGARDING BYLAWS

     In furtherance and not in limitation of the powers conferred by statute, the Board of
Directors is expressly authorized to make, repeal, alter, amend and rescind the bylaws of the
Corporation.

ARTICLE VI

ELECTION OF DIRECTORS

     Elections of directors need not be by written ballot unless the bylaws of the Corporation
shall so provide.

 

 

ARTICLE VII

LIABILITY

     A director of the Corporation shall not be personally liable to the Corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent
such exemption from liability or limitation thereof is not permitted under the General Corporation
Law of the State of Delaware as the same exists or may hereafter be amended. Any amendment,
modification or repeal of the foregoing sentence shall not adversely affect any right or protection
of a director of the Corporation hereunder in respect of any act or omission occurring prior to the
time of such amendment, modification or repeal.

ARTICLE VIII

CORPORATE POWER

     The Corporation reserves the right to amend, alter, change or repeal any provision contained
in this Certificate of Incorporation, in the manner now or hereafter prescribed by statute, and all
rights conferred on stockholders herein are granted subject to this reservation.

ARTICLE IX

INCORPORATOR

     The name and mailing address of the incorporator of the Corporation is:

Sasha Friedman

200 Park Avenue

New York, NY

10166-0193

[The remainder of this page has been intentionally left blank.]

2

 

     THE UNDERSIGNED, being the incorporator hereinbefore named, for the purpose of incorporating
and organizing a corporation under the General Corporation Law of the State of Delaware, does make
and file this Certificate of Incorporation.

Dated: August 4, 2010

	 	 	 	 	 
	 	By:  	                                                 /s/ Sasha Friedman
 	 
	 	 	Name:  	Sasha Friedman 	 
	 	 	Title:  	Incorporatorexv4w2

Exhibit 4.2

CERTIFICATE OF AMENDMENT

OF

CERTIFICATE OF INCORPORATION

OF

NEW S HOLDCO, INC.,

(filed under and pursuant to Section 241 of the

Delaware General Corporation Law)

September 30, 2010

     The undersigned, for purposes of filing this Certificate of Amendment of Certificate of
Incorporation of New S Holdco, Inc., a Delaware corporation (the “Corporation”), under and
pursuant to Section 241 of the Delaware General Corporation Law (the “DGCL”), hereby
certifies as follows:

     FIRST: The name of the Corporation is New S Holdco, Inc.

     SECOND: The Corporation filed its original Certificate of Incorporation with the Secretary of
the State of the State of Delaware on August 4, 2010.

     THIRD: The Certificate of Incorporation of the Corporation is hereby amended by deleting the
text of Article I in its entirety and replacing it with the following:

“ARTICLE I

NAME OF CORPORATION

     The name of the Corporation (the “Corporation”) is:

New Ships, Inc.”

     FOURTH: The sole stockholder of the Corporation, by unanimous written consent, voted in favor
of the foregoing amendment.

     FIFTH: The foregoing amendment was duly adopted in accordance with the provisions of Section
228 and 242 of the DGCL.

[Signature Page Follows]

 

 

     IN WITNESS WHEREOF, the Corporation has caused this certificate to be signed by its duly
authorized officer as of the date first written above.

	 	 	 	 	 
	 	NEW S HOLDCO, INC.

 	 
	 	By:  	/s/
Malcolm Swift 	 
	 	 	Name:  	Malcolm Swift 	 
	 	 	Title:  	Secretaryexv4w3

Exhibit 4.3

CERTIFICATE OF AMENDMENT

OF

CERTIFICATE OF INCORPORATION

OF

NEW SHIPS, INC.,

(filed under and pursuant to Section 242 of the

Delaware General Corporation Law)

November 23, 2010

     The undersigned, for purposes of filing this Certificate of Amendment of Certificate of
Incorporation of New Ships, Inc., a Delaware corporation (the “Corporation”), under and
pursuant to Section 242 of the Delaware General Corporation Law (the “DGCL”), hereby
certifies as follows:

     FIRST: The name of the Corporation is New Ships, Inc.

     SECOND: The Corporation filed its original Certificate of Incorporation with the Secretary of
the State of the State of Delaware on August 4, 2010.

     THIRD: The Certificate of Incorporation of the Corporation is hereby amended by deleting the
text of Article I in its entirety and replacing it with the following:

“ARTICLE I

NAME OF CORPORATION

     The name of the Corporation (the “Corporation”) is:

Huntington Ingalls Industries, Inc.”

     FOURTH: The sole stockholder of the Corporation, by unanimous written consent, voted in favor
of the foregoing amendment.

     FIFTH: The foregoing amendment was duly adopted in accordance with the provisions of Section
228 and 242 of the DGCL.

[Signature Page Follows]

 

 

     IN WITNESS WHEREOF, the Corporation has caused this certificate to be signed by its duly
authorized officer as of the date first written above.

	 	 	 	 	 
	 	

NEW SHIPS, INC.

 	 
	 	By:  	/s/
Malcolm S. Swift 	 
	 	 	Name:  	Malcolm S. Swift 	 
	 	 	Title:  	Secretary

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