Document:

Unassociated Document

    
      COMMERCIAL TERM PROMISSORY
NOTE

      

      
        	
                $1,000,000.00

              	
                March
      31, 2009

              
	 
      	
                Boca
      Raton, Florida

              

      

      

      1.           For
value received, the undersigned, BONDS.COM GROUP, INC., a
Delaware corporation with an address at 1515 South Federal Highway, Suite 212,
Boca Raton, Florida 33432 (the “Maker”), promises to
pay to MBRO CAPITAL,
LLC, a Connecticut limited liability company (the “Lender”), or order,
at its office at 991 Ponus Ridge, New Canaan, Connecticut 06840, or at such
other place as the holder hereof (including the Lender, hereinafter referred to
as the “Holder”), may
designate, the principal sum of ONE MILLION AND 00/100 DOLLARS
($1,000,000.00), in lawful money of the United States of America in
immediately available funds without counterclaim or setoff and free and clear
of, and without any deduction or withholding for, any taxes or other payments,
together with interest on the unpaid balance of this Note, beginning on the date
hereof, before maturity, default or judgment, at an annual fixed interest rate
of fifteen percent (15.0%) (the “Note Rate”) together
with all taxes levied or assessed against the Holder on this Note or the debt
evidenced hereby, and together with all costs, expenses, reasonable attorneys’
and professionals’ fees incurred in any action to collect the indebtedness of
this Note, to foreclose any security agreement securing the indebtedness of this
Note, or in protecting or sustaining the lien of any security agreement, or in
any litigation or controversy arising from or connected with this Note or any
security agreement or other agreement securing the indebtedness of this
Note.

      

      2.           All
capitalized terms used herein and not defined herein shall have the meanings
specified in the Commercial Term Loan Agreement between the Maker and the Lender
of even date herewith (the “Loan
Agreement”).

      

      3.           Interest
shall be computed daily on the basis of a 360-day year and the actual days
elapsed, together with all taxes levied or assessed against the Holder on this
Note or the debt evidenced hereby, and together with all costs, expenses,
attorneys’ and professionals’ fees incurred in any action to collect the
indebtedness of this Note, to foreclose any mortgage or security agreement
securing the indebtedness of this Note, or in protecting or sustaining the lien
of any mortgage or any security agreement, or in any litigation or controversy
arising from or connected with this Note or any mortgage, security agreement or
other agreement securing the indebtedness of this Note.

      

      4.           The
indebtedness of this Note, if not sooner paid, shall be due and payable in full
on March 31, 2010 (the “Maturity
Date”).

      

      5.           The
Maker may prepay the principal and interest due hereunder without penalty or
premium.

      

      6.           If
this Note or any payment hereunder becomes due on a day which is not a Business
Day (as defined in the Commercial Term Loan Agreement), the due date of this
Note or payment shall be extended to the next succeeding Business Day and such
extension of time shall be included in computing interest and fees in connection
with such payment.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      7.           The
Maker agrees that if the Maker (i) shall fail to make payments required under
this Note when due; or (ii) an Event of Default shall have occurred under the
Loan Agreement (each an “Event of Default”)
then, upon the occurrence of an Event of Default, the entire indebtedness with
accrued interest thereon due under this Note shall, at the option of the Holder,
accelerate and become immediately due and payable without notice.  The
failure of the Holder to exercise such option shall not constitute a waiver of
its right to exercise the same upon the occurrence of any subsequent Event of
Default.

      

      8.           The
Maker agrees that upon the occurrence of an Event of Default, after judgment or
on the Maturity Date, the indebtedness of this Note shall bear interest at an
annual rate of 5.0% above the Note Rate.

      

      9.           Notwithstanding
any provision of this Note, it is the understanding and agreement of the Maker
and the Holder that if, at any time, the rate of interest, together with all
amounts which constitute interest and which are reserved, charged or taken by
the Holder as compensation for fee, services or expenses incidental to the
making, negotiating or collection of the loan evidenced by this Note, shall be
deemed by any competent court of law, governmental agency or tribunal to exceed
the maximum rate of interest permitted to be charged by the Holder to the Maker
under applicable law, then, during such time as such rate of interest would be
deemed excessive, that portion of each sum paid attributable to that portion of
such interest rate that exceeds the maximum rate of interest so permitted shall
be deemed a voluntary prepayment of principal. As used herein, the term
“applicable law” shall mean the law in effect as of the date hereof; provided,
however, that in the event there is a change in the law which results in a
higher permissible rate of interest, then this Note shall be governed by such
new law as of its effective date.

      

      10.           The
failure by the Holder to insist upon the strict performance by the Maker of any
terms and provisions herein shall not be deemed to be a waiver of any terms and
provisions herein, and the Holder shall retain the right thereafter to insist
upon strict performance by the Maker of any and all terms and provisions of this
Note or any document securing the repayment of this Note.

      

      11.           The
Maker acknowledges receipt of a copy of this Note and attests that no part of
such proceeds will be used, in whole or in part, for the purpose of purchasing
or carrying any “margin stock” as such term is defined by the Board of Governors
of the Federal Reserve System.

      

      12.           This
Note and the rights and obligations of the parties hereunder shall be construed
and interpreted in accordance with the laws of the State of Connecticut
(excluding the laws applicable to conflicts or choice of law).  THE
MAKER AGREES THAT ANY SUCH SUIT FOR THE ENFORCEMENT OF THIS NOTE OR ANY OF THE
OTHER LOAN DOCUMENTS MAY BE BROUGHT IN THE COURTS OF THE STATE OF CONNECTICUT OR
ANY FEDERAL COURT SITTING THEREIN AND CONSENT TO THE NONEXCLUSIVE JURISDICTION
OF SUCH COURT AND SERVICE OF PROCESS IN ANY SUCH SUIT BEING MADE UPON THE MAKER
BY MAIL AT THE ADDRESS SET FORTH IN THIS COMMERCIAL TERM PROMISSORY NOTE. THE
MAKER HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE
OF ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN
INCONVENIENT FORUM.

       

      
        
           

        

        
          - 2
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      13.           This
Note is intended by the parties as the final, complete and exclusive statement
of the transactions evidenced by this Note. All prior or contemporaneous
promises, agreements and understandings, whether oral or written are deemed to
be superceded by this Note, and no other party is relying on any promise,
agreement or understanding not set forth in this Note. This Note may not be
amended or modified except by a written instrument describing such amendment or
modification executed by the Maker and the Holder.

      

      14.           Upon
receipt of an affidavit of any manager or managing member of the Holder as to
the loss, theft, destruction or mutilation of this Note or any other security
document which is not of public record, and, in the case of such loss, theft,
destruction or mutilation, upon cancellation of such Note or other security
document, the Maker will issue, in lieu thereof, a replacement note or other
security document in the same principal amount thereof and otherwise of like
tenor.

      

      15.           THE
MAKER WAIVES DILIGENCE, DEMAND, PRESENTMENT FOR PAYMENT, NOTICE OF NONPAYMENT,
PROTEST AND NOTICE OF PROTEST, AND NOTICE OF ANY RENEWALS OR EXTENSIONS OF THIS
NOTE.  THE MAKER ACKNOWLEDGES THAT IT MAKES THIS WAIVER KNOWINGLY,
VOLUNTARILY, WITHOUT DURESS AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE
RAMIFICATIONS OF THIS WAIVER WITH ITS ATTORNEYS.

      

      16.           THE
MAKER ACKNOWLEDGES THAT THIS AGREEMENT AND THE UNDERLYING TRANSACTION GIVING
RISE HERETO CONSTITUTE COMMERCIAL BUSINESS TRANSACTED WITHIN THE STATE OF
CONNECTICUT.  IN THE EVENT OF ANY LEGAL ACTION BETWEEN MAKERS AND
HOLDER HEREUNDER, MAKER HEREBY EXPRESSLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE
TO NOTICE AND HEARING UNDER CHAPTER 903a OF THE CONNECTICUT GENERAL STATUTES, OR
AS OTHERWISE ALLOWED BY ANY STATE OR FEDERAL LAW WITH RESPECT TO ANY PREJUDGMENT
REMEDY WHICH THE BANK MAY DESIRE TO USE, AND FURTHER WAIVES DILIGENCE, DEMAND,
PRESENTMENT FOR PAYMENT, NOTICE OF NONPAYMENT, PROTEST AND NOTICE OF ANY
RENEWALS OR EXTENSIONS.  THE MAKER ALSO WAIVES THE RIGHT TO ASSERT IN
ANY ACTION, SUIT OR PROCEEDING WITH REGARD TO THIS AGREEMENT, ANY OFFSETS OF
COUNTERCLAIMS THE MAKER MAY HAVE, EXCEPT COMPULSORY COUNTERCLAIMS. MAKER
ACKNOWLEDGES THAT IT MAKES THIS WAIVER KNOWINGLY, WILLINGLY AND VOLUNTARILY AND
WITHOUT DURESS, AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF
THIS WAIVER WITH ITS ATTORNEYS.

       

      
        
           

        

        
          - 3
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      18.           THE
MAKER WAIVES TRIAL BY JURY IN ANY COURT IN ANY SUIT, ACTION OR PROCEEDING ON ANY
MATTER ARISING IN CONNECTION WITH OR IN ANY WAY RELATED TO THE FINANCING
TRANSACTIONS OF WHICH THIS AGREEMENT IS A PART OR THE ENFORCEMENT OF ANY OF
HOLDER’S RIGHTS.  THE MAKER ACKNOWLEDGES THAT IT MAKES THIS WAIVER
KNOWINGLY, WILLINGLY AND VOLUNTARILY AND WITHOUT DURESS, AND ONLY AFTER
EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF THIS WAIVER WITH ITS
ATTORNEYS.

      

      [Signature Page
Follows]

       

      
        
           

        

        
          - 4
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      [Signature
Page to $1,000,000 Commercial Term Promissory Note]

       

      
        
          	 	      
                  BONDS.COM
      GROUP, INC.

                	 
	 	
                  By:
      

                	/s/ John
      J. Barry IV	 
	 	Name:  John
      J. Barry IV	 
	 	Title:    Chief
      Executive Officer	 
	 	 	 	 

        

      

      

        
          
             

          

          
            - 5
-Unassociated Document

    EXECUTION
COPY

    

    GUARANTY

    

    THIS GUARANTY, made March 31,
2009 by BONDS.COM HOLDINGS,
INC., a Delaware corporation with a principal place of business located
at 1515 South Federal Highway, Suite 212, Boca Raton, Florida 33432 (the “Guarantor”), in favor
of MBRO CAPITAL, LLC, a
Connecticut limited liability company with a principal place of business located
at 991 Ponus Ridge, New Canaan, Connecticut 06840 (the "Lender").

    

    Recitals

    

    A.           The
Lender extended to Bonds.com Group, Inc., a Delaware corporation (the "Borrower") a
$1,000,000 commercial term loan facility (the "Loan") pursuant to
the terms of the $1,000,000 Commercial Term Promissory Note of this date (the
"Note") from
the Borrower to the Lender and the Commercial Term Loan Agreement of this date
between the Borrower and the Lender (the “Loan Agreement”) (the
Note, the Loan Agreement and all other documents executed in connection
therewith are collectively referred to as the “Loan
Documents”).

    

    B.           The
Guarantor is a wholly-owned subsidiary of the Borrower and will receive direct
financial benefit by reason of the Loan.

    

    C.           The
Lender has requested and the Guarantor has agreed to unconditionally guaranty to
the Lender the repayment and performance of all indebtedness, liabilities and
obligations of the Borrower to the Lender including, but not limited to, the
liabilities and obligations arising under the Note and all other Loan Documents
executed in connection therewith.

    

    Agreement

    

    In
consideration of the Recitals, which are incorporated by reference and the
representations, covenants and warranties contained herein, the parties
intending to be bound legally, agree as follows:

    

    1.           Guaranty.  The
Guarantor unconditionally guaranties the punctual payment when due, whether at
stated maturity, by acceleration or otherwise, of all obligations of the
Borrower to the Lender whether now or hereafter existing including, but not
limited to, the obligations of the Borrower under the Note and under any
amendment, modification, renewal, extension, substitution or replacement thereof
or thereto, whether for principal, interest, fees, expenses or otherwise and any
and all expenses incurred by the Lender in enforcing any rights under this
Guaranty (such obligations being referred to collectively as the "Obligations").

    

    2.           Guaranty
Absolute.  (a) The Guarantor guaranties that the Obligations
will be paid strictly in accordance with the terms of the Note regardless of any
law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of the Lender with respect
thereto.  The liability of the Guarantor under this Guaranty shall be
absolute and unconditional irrespective of:

    

    (i)           
any lack of validity or enforceability of the Note or any other agreement or
instrument relating thereto;

    

    (ii)           
any change in the time, manner or place of payment of, or in any other term of,
all or any of the Obliga­tions, or any other amendment or waiver of or any
consent to departure from the Note;

     

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    (iii)           any
exchange, release or non-perfection of any collateral, or any release or
amendment or waiver of or consent to departure from any other guaranty, for all
or any of the Obligations; or

    

    (iv)           
any other circumstances which might otherwise constitute a defense available to,
or a discharge of, the Borrower in respect of the Obligations or the Guarantor
in respect of this Guaranty.

    

    (b)           This
Guaranty shall continue to be effective or be reinstated, as the case may be, if
at any time any payment of any of the Obligations is rescinded or must otherwise
be returned by the Lender upon the insolvency, bankruptcy or reorganization of
the Borrower or otherwise, all as though such payment had not been
made.

    

    3.           Waiver.  The
Guarantor waives promptness, diligence, notice of acceptance, notice of
presentment, demand or protest and any other notice with respect to any of the
Obligations and this Guaranty and any requirement that the Lender exhaust any
right or take any action against the Borrower or any other person or entity or
any collateral.

    

    4.           Subrogation;
Contribution.  The Guarantor will not exercise any rights which
it may acquire by way of subrogation under this Guaranty, by any payment made
hereunder or otherwise, until all the Obligations shall have been paid in
full.  If any amount shall be paid by the Guarantor on account of such
subrogation rights or by way of contribution or indemnification at any time when
all the Obligations shall not have been paid in full, such amount shall be held
in trust for the benefit of the Lender and shall forthwith be paid to the Lender
to be credited and applied upon the Obligations, whether matured or unmatured,
in accordance with the terms of the Note.  If the Guarantor shall make
payment to the Lender of all or any part of the Obligations and all the
Obligations shall be paid in full, the Lender will execute and deliver to the
Guarantor appropriate documents, without recourse and without representation or
warranty, necessary to evidence the transfer by subrogation to the Guarantor of
an interest in the Obligations resulting from such payment by the
Guarantor.

    

    5.           Representations and
Warranties.  The Guarantor represents and warrants to the
Lender as follows:

    

    (a)           The
Guarantor is a corporation duly organized, validly existing and in good standing
under the laws of the state indicated at the beginning of this
Guaranty.

    

    (b)           The
Guarantor is qualified as a foreign corporation in each state in which the
character of its properties or the nature of its business requires.

    

    (c)           The
execution, delivery and performance by the Guarantor of this Guaranty has been
duly authorized by all necessary corporate actions and does not and will
not:

    

    

    (i)           contravene
the Guarantor’s Certificate of Incorporation or By-Laws;

    

    (ii)           violate
any provision of any law, rule, regulation, order, writ, judgment, injunction,
decree, determination or award presently in effect having applicability to the
Guarantor;

     

    
      
        
           

        

        
          2

          
            

          

        

        
           

        

      

    

    

    (iii)           result
in a breach of or constitute a default under any indenture or loan or credit
agreement or any other material agreement, lease or instrument to which the
Guarantor is a party or by which it or its respective properties may be bound or
affected;

    

    (iv)           result
in, or require, the creation or imposition of any mortgage, deed of trust,
pledge, lien, security interest or other charge or encumbrance of any nature
(other than arising under any document delivered to the Lender in connection
herewith) upon or with respect to any of the properties now owned or hereafter
acquired by the Guarantor; and the Guarantor is not in default under any such
law, rule, regulation, order, writ, judgment, injunction, decree, determination
or award or any such indenture, agreement, lease or instrument; or

    

    (v)           with
respect to the execution and delivery of this Guaranty, render the Guarantor
insolvent.  For purposes hereof, “insolvent” means the failure of the
Guarantor to pay its debts as they become due.

    

    (d)           No
authorization or approval or other action by, and no notice to or filing with,
any governmental authority or regulatory body is required for the due execution,
delivery and performance by the Guarantor of this Guaranty.

    

    (e)           This
Guaranty is the legal, valid and binding obligation of the Guarantor,
enforceable against the Guarantor in accordance with its terms.

    

    (f)           The
Guarantor is presently solvent.  For purposes hereof, “solvent” means
that the Guarantor is able to pay its debts as they become due.

    

    (g)           Except
as set forth in Schedule 5(e) to the Loan Agreement, there is no pending or
threatened action or proceeding affecting the Guarantor before any court,
governmental agency or arbitrator which may materially and adversely affect the
financial condition of the Guarantor.

    

    (h)           The
Guarantor has filed all tax returns or has an approved extension (federal, state
and local) required to be filed and has paid all taxes shown thereon to be due,
including interest and penalties.

    

    (i)           There
is no pending or threatened action or proceeding affecting the Guarantor before
any court, governmental agency or arbitrator which may materially and adversely
affect the financial condition or operations of the Guarantor.

    

    (j)           No
information, exhibit or report furnished by the Guarantor to the Lender in
connection with the negotiation of this Guaranty, or any other Loan Documents
contains or contained any material misstatement of fact or omitted to state a
material fact necessary to make the statements contained therein not
misleading.

    

    6.           Reporting
Requirements.  Subject to the terms of a confidentiality
agreement to be entered into between the Lender and the Guarantor, so long as
any part of the Obligations shall remain unpaid, the Guarantor shall furnish to
the Lender:

    

    (a)           promptly
after the commencement thereof, notice of all actions, suits and proceedings
before any court or governmental department, commission, board, bureau, agency
or instrumentality, domestic or foreign, affecting the Guarantor;

     

    
      
        
           

        

        
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    (b)           promptly
upon becoming aware of any default, or any occurrence but for the giving of
notice or the passage of time would constitute an Event of Default, the
Guarantor shall notify the Lender thereof in writing; and

     

    (c)           such
other information respecting the condition or operations, financial, business or
otherwise, of the Guarantor as the Lender may from time to time reasonably
request.

    

    7.           Continuing Guaranty;
Transfer of Note.  This Guaranty is a continuing guaranty and
shall:

    

    (a)           remain
in full force and effect until payment in full of the Obligations and all other
amounts payable under this Guaranty;

    

    (b)           be
binding upon the Guarantor, its successors and assigns; and

     

    (c)           inure
to the benefit of and be enforceable by the Lender, and its respective
successors, transferees and assigns.

    

    Without
limiting the generality of the foregoing clause (c), the Lender may assign or
otherwise transfer the Note or any of the Obligations held by it to any other
person or entity, and such other person or entity shall thereupon become vested
with all the rights in respect thereof granted to the Lender herein or
otherwise.

    

    8.           Amendments.  No
amendment or waiver of any provision of this Guaranty and no consent to any
departure by the Guarantor therefrom shall in any event be effective unless the
same shall be in writing and signed by the Lender and the
Guarantor.

    

    9.           Addresses for
Notices. Any notice provided for under this Agreement shall be in writing
and shall be effective upon receipt or upon failure of the addressee to accept
delivery if and when mailed by registered or certified mail, postage prepaid, or
express parcel service, addressed to such party at such address.  Any
party and any representative designated below may, by notice to the other in the
manner provided herein, change its address for receiving such
notices.  All notices and consents on behalf of any party hereto shall
be signed by such party and shall be sent:

    

    If to the
Guarantor:

    

    Bonds.com
Holdings, Inc.

    1515 South Federal Highway

    Suite 212

    Boca Raton, Florida 33432

    Attention:  Chief Executive
Officer

    

    With a
copy to:

    

    Rele & Becker

    555 Eighth Avenue

    Suite
1703

    New York, New York 10018

    Attention:  David M. Becker,
Esq.

     

    
      
        
           

        

        
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    If to the
Lender:

    

    MBRO
Capital, LLC

    991 Ponus
Ridge

    New
Canaan, Connecticut  06840

    Attention:  William
P. Mahoney

    

    With a
copy to:

    

    Diserio
Martin O’Connor & Castiglioni LLP

    One
Atlantic Street

    Stamford,
Connecticut  06901

    Attention:  Kevin
T. Katske, Esq.

    

               10.           Severability. 
If any clause or provision of this Guaranty is determined to be illegal, invalid
or unenforceable under any present or future law by the final judgment of a
court of competent jurisdiction, the remainder of this Guaranty will not be
affected thereby.  It is the intention of the parties that if any such
provision is held to be illegal, invalid or unenforceable, there will be added
in lieu thereof, a provision as similar in terms to such provision as is
possible and be legal, valid and enforceable.

    

    11.           Right of
Set-Off.  The Lender shall have a lien on the balances of the
Guarantor now or hereafter on deposit with or held as custodian by the Lender
and the Lender shall have full authority to set off such balances against the
indebtedness evidenced by this note or any other Obligation of the Guarantor,
and may at any time, without notice to the extent permitted by law, apply the
same to the indebtedness evidenced by this guaranty or such other Obligations,
whether due or not.

    

    12.           Headings.  Section
headings are for convenience of reference only, and shall not affect the
interpretation or meaning of any provision of this Guaranty.

    

    13.           Entire
Agreement.  This Guaranty constitutes the entire agreement
between the parties, and supersedes all prior discussions and negotiations
relating to the subject matter hereof.  The terms of this Guaranty
cannot be changed or terminated orally, and shall be deemed effective as of the
date accepted by the Lender by its duly authorized officer.  This
Guaranty may not be amended or terminated except by a writing signed by the
party against whom enforcement thereof is sought.

    

    14.           Successors and
Assigns.  This Guaranty shall bind and inure to the benefit of
the parties hereto and their respective successors and assigns; provided,
however, that the Guarantor shall not assign this Guaranty, or any related
document, or any of its rights without the prior written consent of the
Lender.

    

    15.           Failure or Delay not a
Waiver.  No delay or omission by the Lender to exercise any
right hereunder shall impair any such right, and any such delay or omission
shall not be construed to be a waiver thereof.  A waiver of any single
breach of default hereunder shall not be deemed a waiver of any other breach or
default.  Any waiver, amendment to, consent or approval under this
Guaranty by the Lender must be in writing to be effective and must be signed by
the Lender.

     

    16.           Governing Law; Consent to
Jurisdiction.  This Guaranty shall be governed by and construed
in accordance with the laws of the State of Connecticut.  The
Guarantor agrees that any suit, action or other legal proceeding arising out of
this Guaranty may be brought in the courts of record of the State of Connecticut
or the courts of the United States located in Connecticut.  The
Guarantor expressly submits and consents in advance to such jurisdiction in any
action or proceeding.

     

    
      
        
           

        

        
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    17.           Other
Guarantors.  The Guarantor acknowledges that other individuals
or entities may also guaranty the liabilities of the Borrower (the “Other Guarantors”)
and that it is unconditionally delivering this Guaranty to the
Lender.  The Guarantor further acknowledges that the failure of any of
the Other Guarantors to execute and deliver their respective guaranties or the
discharge of any of the Other Guarantors of their respective guarantied
obligations shall not discharge the liability of the Guarantor.

    

    18.           Prejudgment Remedy
Waiver.  THE GUARANTOR ACKNOWLEDGES THAT THIS GUARANTY IS A
PART OF A COMMERCIAL TRANSACTION AND WAIVES ITS RIGHTS TO NOTICE AND HEARING
UNDER CHAPTER 903a OF THE CONNECTICUT GENERAL STATUTES, OR AS OTHERWISE ALLOWED
BY ANY OTHER STATE OR FEDERAL LAW WITH RESPECT TO ANY PREJUDGMENT REMEDY WHICH
THE LENDER MAY DESIRE TO USE, AND FURTHER, WAIVES DILIGENCE, DEMAND, PRESENTMENT
FOR PAYMENT, NOTICE OF NONPAYMENT, PROTEST AND NOTICE OF PROTEST WITH RESPECT TO
THIS GUARANTY.  THE GUARANTOR ALSO WAIVES THE RIGHT TO ASSERT IN ANY,
SUIT, ACTION OR PROCEEDING WITH REGARD TO THIS GUARANTY, ANY OFF-SETS OR
COUNTERCLAIMS WHICH THE GUARANTOR MAY HAVE, EXCEPT COMPULSORY
COUNTERCLAIMS.  THE GUARANTOR ACKNOWLEDGES THAT IT MAKES THIS WAIVER
KNOWINGLY, VOLUNTARILY, WITHOUT DURESS AND ONLY AFTER EXTENSIVE CONSIDERATION OF
THE RAMIFICATIONS OF THIS WAIVER WITH ITS ATTORNEYS.

    

    19.           Jury Trial
Waiver.  THE GUARANTOR AND THE LENDER MUTUALLY HEREBY
KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN
RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH
THIS GUARANTY OR ANY OTHER LOAN DOCUMENTS CONTEMPLATED TO BE EXECUTED IN
CONNECTION HEREWITH OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS
(WHETHER WRITTEN OR VERBAL) OR ANY ACTIONS OF ANY PARTY. THIS WAIVER CONSTITUTES
A MATERIAL INDUCEMENT FOR THE LENDER TO ACCEPT THIS GUARANTY AND MAKE THE LOAN.
THE GUARANTOR ACKNOWLEDGES THAT IT MAKES THIS WAIVER KNOWINGLY, VOLUNTARILY,
WITHOUT DURESS AND ONLY AFTER EXTENSIVE CONSIDERATION OF THE RAMIFICATIONS OF
THIS WAIVER WITH ITS ATTORNEYS.

    

    [Signature
page follows]

     

    
      
        
           

        

        
          6

          
            

          

        

        
           

        

      

    

    

    

    IN WITNESS WHEREOF, the
Guarantor executed this Guaranty to be effective on March 31, 2009.

    

    

    

    

    Signed in
the presence
of:                                                      

    
      	 
      	 
      	
              BONDS.COM
      HOLDINGS, INC.

            
	
               
      

            	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                
      

            	 
      	
              By:

            	
              /S/  John J. Barry
    IV

            	 
      
	 
      	 
      	
            	      
              Name:  John
      J. Barry IV

            
	 
      	 
      	
            	Title:    Chief
      Executive Officer

    

     

     

     

    

    STATE OF
________________ )

                                                              )                                ss:

    COUNTY OF
_____________  )

    

    

    On this
the ___ day of March, 2009, before me, the undersigned officer, personally
appeared _____________________ who acknowledged himself to be the ______________
of Bonds.com Holdings, Inc., a corporation, and that he, as such ______________,
being authorized so to do, executed the foregoing instrument for the purposes
therein contained and acknowledged the same to be his free act and deed
individually and as such officer and the free act and deed of the
corporation.

    

    IN
WITNESS WHEREOF, I hereunto set my hand.

    

    
      	 
      	
                
      

            
	 
      	 
	 
      	
              Commissioner
      of the Superior Court

            
	 
      	
              Notary
      Public

            
	 
      	
              My
      Commission Expires:

            

    

     

    
      
        
           

        

        
          7

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