Document:

Pledge Agreement (Michael W. Ambrose)

 Exhibit 10.17 
  
 Interlink Electronics, Inc. 
 Pledge
Agreement 
  
 This Pledge Agreement (“Pledge”) is
made and entered into this 1st day of May, 2001 by and between Michael W. Ambrose (“Pledgor”), and Interlink Electronics, Inc., a California corporation (“Pledgee”). 
  
 RECITALS 
  
 A. To increase his equity interest in Pledgee, Pledgor wishes to purchase, in a market transaction, 6,251 shares of Common Stock of Pledgee (“the
Shares). 
  
 B. Pledgee has agreed to lend to Pledgor, and Pledgor
is borrowing (the “Loan”) from Pledgee 42,892 Dollars ($42,892) to purchase the Shares, pursuant to a Secured Promissory Note between Pledgor and Pledgee dated even herewith (the “Note”). 
  
 C. As a material consideration for the Pledgee to extend the Loan to Pledgor,
Pledgor has agreed to pledge the Shares to the Pledgee to secure payment of the Note. 
  
 AGREEMENT 
  
 NOW, THEREFORE, in
consideration of the foregoing, the sufficiency of which is hereby acknowledged, the parties agree that: 
  
 1. Pledge of Interest for Security Purposes. Pledgor hereby assigns and pledges to the Pledgee, and hereby grants to the Pledgee a security
interest in (1) all of his/her right, title and interest in the Shares, and (2) except as set forth in Section 2 below, all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in
respect to or in exchange for any of the Shares all in order to secure Pledgor’s obligations under the Note. The Pledgee shall release its security interest upon payment in full of all obligations under the Note. 
  
 2. Right of Possession and Sale. Upon purchase of the Shares, Pledgor
shall issue such instructions as shall be required to cause certificates representing the Shares, when issued in the name of the Pledgor, to be delivered to the Pledgee. Except as provided in this Section 2, Pledgee shall be entitled to retain
possession of the certificates representing the Shares until its security interest therein shall have been released. 
  
 Pledgor may at any time sell all or any part of the Shares and, in that event, Pledgee shall release and deliver to its Transfer Agent for appropriate
transfer the certificates representing the Shares that Pledgor has elected to sell if, but only if, appropriate action shall have been taken to cause the proceeds of the sale of such Shares to be paid to the Pledgee as a payment of principal 

  

 
and/or interest under the Note (provided that, if the Note shall have been fully discharged, any excess shall be payable to the Pledgor). 
  
 3. Distributions. As long as no Event of Default (as defined below)
shall have occurred and be continuing, Pledgor shall be entitled (a) to exercise or refrain from exercising any voting or other rights pertaining to the Shares or any part thereof, and (b) to receive any distributions paid in respect to the Shares.

  
 4. Default. Occurrence of any of the following events
shall constitute an “Event of Default” by Pledgor under this Pledge: (a) the default by Pledgor in observance of any provision of this Pledge or the Note; (b) the falsity of any representation or warranty made by the Pledgor herein; (c)
the seizure or levy upon the Shares under any legal governmental process against the Pledgor; (d) the filing by Pledgor of any petition for relief under any bankruptcy or debtor relief law; or (e) the filing of any petition against Pledgor of an
involuntary petition under any bankruptcy or debtor relief law that is not dismissed within sixty (60) days. 
  
 5. Counterparts. This Agreement may be executed in any number of counterparts and by different parties to this Agreement in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement via telephone facsimile
transmission shall be effective as delivery of a manually executed counterpart of this Agreement 
  
 6. Further Assurances. Pledgor will, at the request of the Pledgee, execute and deliver such additional documents, including, but not limited to,
financing statements, and take all further actions, as may be reasonably necessary or appropriate to perfect and protect the security interest granted hereby or to enable the Pledgee to exercise and enforce its rights and remedies hereunder with
respect to the Shares. 
  
 7. Attorneys’ Fees. The
prevailing party in any dispute arising out of the interpretation or enforcement of this Pledge shall be entitled to its reasonable attorneys’ fees and costs, including attorneys’ fees and costs incurred at trial, on appeal, or otherwise,
including but not limited to matters peculiar to bankruptcy law. If an action is filed, the parties agree to pay such additional sum as the trial judge and any appellate court may adjudge reasonable as attorney’s fees in the action, including
any appeal, along with statutory costs and disbursements, and together with interest. 
  

 8. Modifications. This Pledge shall not be modified except in writing signed by all of the parties
hereto. 
  
 9. Choice of Law. This Pledge shall be governed
by and construed in accordance with the laws of the State of California. 
  
 IN WITNESS WHEREOF, the undersigned has signed this Pledge Agreement as of the date set forth above. 
  

	
	
	 /s/    MICHAEL W. AMBROSE

	

	 Signature

	
	 MICHAEL W. AMBROSE

	 Printed Name

	
	 6-16-01

	 DateSecured Promissory Note (George Gu)

 Exhibit 10.18 
  
 SECURED PROMISSORY NOTE 
  

			
	$42,892	 	Camarillo, California
	 	 	May 1, 2001

  
 1. PROMISE TO
PAY. FOR VALUE RECEIVED, the undersigned (“Borrower”), whose address is set forth below, promises to pay to the order of Interlink Electronics, Inc., a California corporation, (“Lender”), at 546 Flynn Road, Camarillo, CA
93012, or at such other place as a holder of this Note may designate in writing from time to time, the principal sum of Forty-two Thousand, Eight Hundred and Ninety-two DOLLARS ($42,892) in lawful money of the United States of America, payable in
the manner and on the terms set forth in this Note. 
  
 2.
INTEREST AND PAYMENT. The unpaid balance of this Note shall bear interest from the date of this Note at the rate of five percent (5%) per annum. If not sooner paid, the unpaid principal balance and all accrued interest shall be due and
payable at or before the close of business, Pacific time, on the date that is eighteen months from the date of this Note or, if such date is a holiday observed by Lender, on the next business day. Borrower may prepay the principal balance and
accrued interest in whole or in part at any time without premium or penalty. Any payment shall be applied first to reduce accrued interest and, if any amount shall be left after such application, it shall be applied to the reduction of principal.

  
 3. SECURITY. This Note is secured by a pledge of 6,251
shares of Common Stock of Lender, all registered or registrable in the name of the Borrower. Reference is hereby made to the Pledge Agreement, of even date herewith, executed by the Borrower for a description of the nature and extent of the
security, the rights and limitations of the rights of the holder of this Note and the terms and conditions upon which this Note is secured. 
  
 4. TIME; WAIVER. Time is of the essence of this Note. Lender may, but shall not be obligated to, waive any right hereunder, provided, however, that
any such waiver shall not constitute a waiver of the right to exercise the same right or any other right in the future. 
  
 5. LIABILITY. The undersigned and all persons liable or to become liable on this Note shall be jointly and severally liable hereunder and waive
presentment, protest and demand and notice of protest, demand, dishonor or nonpayment of this Note, and consent to all renewals and extensions of the time of payment hereof, and further agree that without notice the terms of payment of this Note may
be modified or the security described in the lien documents securing payment of the Note may be released in whole or in part or increased, changed or exchanged by agreement between the holder of this Note and any owner of the property affected by
those lien documents, all without affecting the liability or any party to this instrument or any person liable with respect to any indebtedness evidenced by this Note. 
  

 SECURED PROMISSORY NOTE 
 PAGE 1 

 7. LAWFUL RATE. Notwithstanding any other provision of this Note or of the Pledge Agreement or of
any other instrument or document, interest, fees and charges payable by reason of the indebtedness evidenced by this Note shall not exceed the maximum, if any, permitted by any governing law. 
  
 8. APPLICABLE LAW. This Note shall be construed in accordance with and
governed by the laws of the State of California. 
  

	
	 BORROWER

	
	/s/    GEORGE GU 
	

	 Print Name: George Gu

	
	Address:
	
	 
	

	
	 
	

	
	 
	

  

 SECURED PROMISSORY NOTE 
 PAGE 2Secured Promissory Note (Merritt Lutz)

 Exhibit 10.19 
  
 SECURED PROMISSORY NOTE 
  

			
	$42,892	 	Camarillo, California
	 	 	May 1, 2001

  
 1. PROMISE TO
PAY. FOR VALUE RECEIVED, the undersigned (“Borrower”), whose address is set forth below, promises to pay to the order of Interlink Electronics, Inc., a California corporation, (“Lender”), at 546 Flynn Road, Camarillo, CA
93012, or at such other place as a holder of this Note may designate in writing from time to time, the principal sum of 42,892 DOLLARS ($42,892) in lawful money of the United State of America, payable in the manner and on the terms set forth in this
Note. 
  
 2. INTEREST AND PAYMENT. The unpaid balance of
this Note shall bear interest from the date of this Note at the rate of five percent (5%) per annum. If not sooner paid, the unpaid principal balance and all accrued interest shall be due and payable at or before the close of business, Pacific time,
on the date that is eighteen months from the date of this Note or, if such date is a holiday observed by Lender, on the next business day. Borrower may prepay the principal balance and accrued interest in whole or in part at any time without premium
or penalty. Any payment shall be applied first to reduce accrued interest and, if any amount shall be left after such application, it shall be applied to the reduction of principal. 
  
 3. SECURITY. This Note is secured by a pledge of 6,251 shares of Common Stock of Lender, all registered or
registrable in the name of the Borrower. Reference is hereby made to the Pledge Agreement, of even date herewith, executed by the Borrower for a description of the nature and extent of the security, the rights and limitations of the rights of the
holder of this Note and the terms and conditions upon which this Note is secured. 
  
 4. TIME; WAIVER. Time is of the essence of this Note. Lender may, but shall not be obligated to, waive any right hereunder, provided, however, that any such waiver shall not constitute a waiver of the right to
exercise the same right or any other right in the future. 
  
 5.
LIABILITY. The undersigned and all persons liable or to become liable on this Note shall be jointly and severally liable hereunder and waive presentment, protest and demand and notice of protest, demand, dishonor or nonpayment of this Note,
and consent to all renewals and extensions of the time of payment hereof, and further agree that without notice the terms of payment of this Note may be modified or the security described in the lien documents securing payment of the Note may be
released in whole or in part or increased, changed or exchanged by agreement between the holder of this Note and any owner of the property affected by those lien documents, all without affecting the liability of any party to this instrument or any
person liable with respect to any indebtedness evidenced by this Note. 
  

 SECURED PROMISSORY NOTE 
 PAGE 1 

 7. LAWFUL RATE. Notwithstanding any other provision of this Note or of the Pledge Agreement or of
any other instrument or document, interest, fees and charges payable by reason of the indebtedness evidenced by this Note shall not exceed the maximum, if any, permitted by any governing law. 
  
 8. APPLICABLE LAW. This Note shall be construed in accordance with and
governed by the laws of the State of California. 
  

	
	 BORROWER

	
	/s/    MERRITT M. LUTZ        
	

	 Print Name:

	
	 Address:

	
	 
	

	
	 
	

	
	 
	

  

 SECURED PROMISSORY NOTE 
 PAGE 2

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