Document:

Unassociated Document

    EXHIBIT
      10.13

    

    PLEDGE
      AND SECURITY AGREEMENT

    

    This
      PLEDGE AND SECURITY AGREEMENT (this "Agreement") is
      made
      as of April
      24, 2007,
      by
      and between
      Gabriel Technologies Corporation, a Delaware corporation (the "Company"), and
      Brad
      Mindlin ("Investor").

    

    WHEREAS,
      on the same date herewith, Investor is making a loan in the principal amount
      of
      $75,000 (the "Loan")
      to the
      Company, which Loan is evidenced by a Promissory Note dated as of the date
      hereof (the
      "Note”)
      given
      by the Company;

    

    WHEREAS,
      it is a condition precedent to the obligation of Investor to make the Loan
      to
      the Company
      under
      the Note that the Company shall have executed and delivered this Agreement
      to
      Investor.

    

    NOW,
      THEREFORE, in consideration of the premises and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties do hereby agree as follows:

    

    SECTION
      1. The
      Secured Obligations.
      The
      Collateral (as hereafter defined) is pledged to secure the punctual
      payment when due of all sums payable under the Note and all other indebtedness
      and liabilities of the
      Company
      to Investor at any time arising under the terms hereof or of the Note (the
      "Obligations").

    

    SECTION
      2. Grant
      of Security.

    

    (a)
      The
      Company hereby assigns and pledges to Investor, and hereby grants to Investor
      for
      its
      benefit, a lien on and security interest in all of the Company's right, title
      and interest in and to
      1,500
      units of Resilent LLC d/b/a Digital Defense Group owned by the Company (the
      "Pledged
      Units"),
      and
      the certificates representing the Pledged Units, and all dividends,
      distributions (whether
      in
      respect of income, capital or otherwise), cash, instruments and other property
      from time to time received, receivable or otherwise distributed in respect
      of or
      in exchange for the Pledged Units (the "Collateral").

    

    SECTION
      3. Security
      for Obligations.
      This
      Agreement creates a security interest in the Collateral to
      secure
      the full payment of all of the Obligations.

    

    SECTION
      4. Delivery
      of Collateral.
      The
      certificates representing the Pledged Units will be delivered to
      and
      held by or on behalf of Investor pursuant hereto and will be accompanied by
      duly
      executed instruments
      of
      transfer or assignment in blank.

    

    SECTION
      5. Voting
      Rights and Distributions.

    

    (a) So
      long
      as no Event of Default shall have occurred and be continuing:

    

    (i) The
      Company will be entitled to exercise any and all voting and other consensual
      rights of a unit holder or other equity holder pertaining to the Collateral
      or
      any part thereof
      for any purpose not inconsistent with the terms of this Agreement; provided,
      however,
      that the
      Company will refrain from exercising any such right if, in Investor's reasonable
      judgment, such action would have a material adverse effect on the value of
      the
      Collateral or any part thereof.

    

    (ii) The
      Company will be entitled to receive and retain any and all dividends,
distributions
      (whether in respect of income, capital or otherwise) and interest paid in
      respect
      of the
      Collateral; provided, however, that any and all dividends, distributions
      (whether in respect of income, capital or otherwise) and interest paid or
      payable other than in cash in

    
      
         

      

      
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    respect
      of, and
      instruments
      and other property received, receivable or otherwise distributed in
      respect
      of, or in exchange for, any Collateral will be, and will be forthwith delivered
      to Investor to hold as, Collateral and will, if received by the Company, be
      received in trust for the
      benefit of Investor, be segregated from the other property or funds of the
      Company, and be
      forthwith delivered to Investor as Collateral in the same form as so received
      (with any necessary
      endorsement). The Company will, upon request by Investor, promptly execute
      such documents
      and do such acts as may be necessary or advisable in the reasonable judgment
      of
      Investor
      to give effect to the provisions of this paragraph.

    

    (iii)
      Investor will execute and deliver (or cause to be executed and delivered) to
      the
      Company all such proxies and other instruments as the Company may reasonably
      request
      for the
      purpose of enabling the Company to exercise the voting and other rights that
      it
      is entitled to exercise pursuant to Section 5(a)(i).

    

    (b) Upon
      the
      occurrence and during the continuance of an Event of Default:

    

    (i) All
      rights of the Company to exercise the voting and other consensual rights that
      it
      would otherwise be entitled to exercise pursuant to Section 5(a)(i) will cease,
      immediately upon written notice given by Investor to the Company with respect
      to
      the exercise of such rights, and upon the giving of such notice, all such rights
      will thereupon become
      vested in Investor, which will, to any extent permitted by applicable law,
      thereupon
      have the
      sole right to exercise such voting and other consensual rights.

    

    (ii) All
      rights of the Company to receive the dividends and interest payments
which
      it
      would otherwise be authorized to receive and retain pursuant to Section 5(a)(ii)
      will cease,
      and all such rights will thereupon become vested in Investor, which will, to
      any
      extent permitted
      by applicable law, thereupon have the sole right to receive and hold as
      Collateral
      such
      dividends and interest payments.

    

    (iii) All
      dividends and interest payments that are received by the Company contrary to
      the
      provisions of Section 5(b)(ii) will be received in trust for the benefit of
      Investor,
      will be segregated from other funds of the Company and will be forthwith paid
      over to
      Investor as Collateral in the same form as so received (with any necessary
      endorsement).

    

    SECTION
      6. Transfers and Other Liens.
      The
      Company will not:

    

    (a) Sell,
      assign (by operation of law or otherwise) or otherwise dispose of any of the
      Collateral.

     

    (b) Create
      or
      suffer to exist any lien, security interest or other charge or encumbrance
      upon
      or
      with respect to any of the Collateral, except for the security interest created
      by this Agreement.

    

    SECTION
      7. Events
      of Default.
      An
      "Event
      of Default" means
      the
      occurrence of any of the following events:

    

    (a) The
      failure of the Company to punctually and properly pay the Obligations as they
      become due and payable;

    

    (b) The
      failure of the Company to punctually and properly perform any covenant,
      agreement, or condition contained in this Agreement or the Note; or

    

    (c) Any
      statement, representation, or warranty of the Company in this Agreement or
      the
      Note proves to have been incorrect or incomplete in any material respect when
      made.

    

    
      
         

      

      
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    SECTION
      8. Remedies.
      If any
      Event of Default shall have occurred and be continuing:

    

    (a) The
      Collateral, or part thereof, applied against the Obligations shall be deemed
      to
satisfy
      the Obligations. For this purpose, the value of each Pledged Share or any other
      Collateral shall be
      the
      fair market value thereof as reasonably determined in good faith by the Board
      of
      Directors of the
      Company. Upon any application of the Pledged Units or any other Collateral
      against payment of the
      Obligations, the Company's right, title and interest therein, and any rights
      of
      ownership, control or
      otherwise of the Company
      therein,
      shall immediately terminate, and such Pledged Units shall be deemed to have
      been
      acquired by Investor in consideration for extinguishment of the Obligations.
      Investor need not provide any notice to the Company of its intention to apply
      the Collateral against payment of the Obligations as provided herein, except
      to
      the extent as may be required by law.

    

    (b) Investor
      shall have all the rights and remedies of a secured party under the Uniform
      Commercial
      Code as adopted by the State of Texas (the "UCC") (whether or not the UCC
      applies to
      the
      affected Collateral), in addition to all other rights and remedies granted
      to
      Investor in this Agreement
      or in any other document or agreement executed in connection with or as security
      for the
      Obligations or by applicable law.

    

    (c) Without
      limiting the generality of the foregoing, Investor may sell, assign, and deliver
      the
      whole
      or any part of its interest in the Collateral at public or private sale, at
      the
      option of Investor, either
      for cash or on credit or for future delivery without assumption of any credit
      risk, and without either
      demand, advertisement, or notice of any kind to the Company, all of
      which
      are
      hereby waived,
      and no
      delay on the part of Investor in exercising any power of sale or any other
      rights or option hereunder,
      and no notice or demand, which may be given to or made upon the Company by
      Investor to
      any
      power of sale or other right or option hereunder, shall constitute a waiver
      thereof, or limit or impair the right of
      Investor
      to take any action or to exercise any power of
      sale
      or
      any other rights hereunder
      without notice or demand, or prejudice the rights of Investor as against the
      Company in any respect.
      At any sale of the Collateral in accordance with the preceding sentence, the
      Company may
      itself
      purchase the whole or any part of the Collateral sold, free from any right
      on
      the part of the Company, all such rights being also hereby waived and released.
      In the event of any sale or other disposition of any of the Collateral, after
      deducting all costs or expenses of every kind for care, safekeeping, collection,
      sale, delivery or otherwise, Investor shall, after applying the residue of
      the
proceeds
      of the sale, or other disposition thereof, as hereinabove authorized, return
      any
      excess to the
      Company.

    

    (d) The
      Company hereby waives notice of an Event of Default, presentment for payment,
      demand, notice of dishonor and protest of the Note.

    

    (e) All
      payments received by the Company under or in connection with any Collateral
      or
      otherwise in respect of the Collateral will be received in trust for the benefit
      of Investor, will be segregated
      from other funds of the Company and will be forthwith paid over to Investor
      in
      the same
      form as
      so received (with any necessary endorsement).

    

    SECTION
      9. Assignment.
      It is
      understood and agreed that none of the parties may assign any of its rights
      or
      obligations under this Agreement without the prior written consent of the other
      parties hereto.

    

    SECTION
      10. Waiver
      of Default, Cumulative Remedies.
      The
      acceptance by Investor at any time and
      from
      time to time of partial payment of the aggregate amount of its interest in
      the
      Obligations shall not be deemed
      to
      be a waiver of any Event of Default then existing. No waiver by Investor of
      any
      Event of Default shall
      be
      deemed to be a waiver of any subsequent Event of Default, nor shall any such
      waiver by such Investor
      be
      deemed to be a continuing waiver. No delay or omission by Investor in exercising
      any right or power

     

    
      
         

      

      
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    hereunder,
      or under any other writings executed by the Company as security for or in
      connection with the Note
      or the
      Obligations, shall impair any such right or power or be construed as a waiver
      thereof or any acquiescence therein, nor shall any single or partial exercise
      of
      any such right or power preclude other or further
      exercise of any other right or power of Investor hereunder. The rights and
      remedies provided for in this
      Agreement are cumulative and not exclusive of any rights and remedies provided
      by law.

    

    SECTION
      11. Laws
      Applicable.
      THIS AGREEMENT IS EXECUTED UNDER AND SHALL BE
      GOVERNED BY THE LAWS OF THE STATE OF DELAWARE IN ALL RESPECTS,
INCLUDING
      MATTERS OF CONSTRUCTION, VALIDITY, AND PERFORMANCE, WITHOUT
REGARD
      TO CONFLICTS OF LAW PRINCIPLES.

    

    SECTION
      12. Notices.
      Any
      notice, request, instruction, or other document to be given hereunder
      or to
      any
      party shall be delivered to the address stated below that party's signature
      hereto. Any party may change its address for the purposes of this Section 12
      by
      giving
      notice
      of such change
      of
      address to the other parties in the
      manner herein provided for giving notice. Any notice or communication hereunder
      must be in writing and may
      either be given personally or sent by registered or certified mail, postage
      prepaid, return receipt requested.
      If
      notice is given by registered or certified mail, it shall be deemed to have
      been
      given and received upon deposit
      in the United States mail and, if given otherwise than by registered or
      certified mail, it shall be deemed to
      have
      been given when delivered to and received by the parties to whom it is addressed
      at the time received.

    

    SECTION
      13. Entire
      Agreement, Amendment.
      This
      Agreement embodies the final, entire agreement
      among
      the parties hereto and supersedes any and all prior commitments, agreements,
      representations, and understandings,
      whether written or oral, relating to the subject matter hereof and may not
      be
      contradicted or
      varied
      by evidence of prior, contemporaneous or subsequent oral agreements or
      discussions of the parties hereto. None of the terms or provisions of this
      Agreement may be waived, altered, modified, or amended except in writing signed
      by all the parties hereto.

    

    SECTION
      14. Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the
      Company
      and Investor and their respective successors, and assigns.

    

    SECTION
      15. Counterparts.
      This
      Agreement may be executed in the original or by facsimile in any number
      of
      counterparts, each of which shall be deemed an original, but all of which
      together shall constitute
      one and
      the same instrument.

    

    SECTION
      16. Severability.
      Any
      provision of this Agreement which is determined by a court of competent
      jurisdiction to be prohibited or unenforceable in any jurisdiction shall, as
      to
      such jurisdiction, be ineffective
      to the extent of such prohibition or unenforceability without invalidating
      the
      remaining provisions
      of this
      Agreement, and any such prohibition or unenforceability in any jurisdiction
      shall not invalidate or render unenforceable such provision in any other
      jurisdiction.

    

    SECTION
      17. Termination.
      If all
      of the Obligations shall have been paid and performed in full, Investor shall,
      upon the written request of the Company, execute and deliver to the Company
      a
      proper instrument
      or instruments acknowledging the release and termination of the security
      interests created by this
      Agreement.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and
      year
      first written above.

    

    COMPANY:

    

    GABRIEL
      TECHNOLOGIES CORPORATION 

    

    

    By: /s/
      T.J.
      O’Brien                                              

    Name: T.J.
      O’Brien                                              

    Its: Acting
      COO                                                   

    

    

    Address:

    

    Gabriel
      Technologies Corporation
      4538 S.
      140th Street 

    Omaha,
      Nebraska 68137

    

    

      INVESTOR:

      

      

      /s/
        Brad
        Mindlin                                                   

      BRAD
        MINDLIN Address:

      

      Brad
        Mindlin

      1640
        S.
        Sepulveva Blvd., Ste. 218

      Los
        Angeles, California 90025

       

       

      -5-Unassociated Document

    EXHIBIT
      10.14

     

    GABRIEL
      TECHNOLOGIES CORPORATION

     

    PROMISSORY
      NOTE

     

    
      	$50,000.00	
              April
                24,
                2007

            

    

    

    FOR
      VALUE
      RECEIVED, the undersigned, Gabriel Technologies Corporation, a Delaware
      corporation ("Company"),
      promises
      to pay to the order of Matt Gohd ("Lender"), the principal sum of Fifty Thousand
      Dollars ($50,000) (the "Principal"),
      together
      with interest on the unpaid principal balance from time to time outstanding
      at a
      rate per annum equal to seven percent (7.0%) (the "Interest").
      Further,
      Lender will receive a warrant to purchase Eighty Thousand (80,000) shares of
      the
      Company's common stock at an exercise price of Fifty Cents ($0.50) per share,
      pursuant to the terms and conditions of a Warrant Certificate to be delivered
      by
      the Company. All payments on this Note shall be due and payable in lawful money
      of the United States of America at such place as Lender may from time to time
      designate at the time provided in Section 1 below.

    

    1. Payments.
      The
      Principal and interest will be due and payable upon the earlier of (i) receipt
      of proceeds from the $750,000 bridge financing contemplated by the term sheet
      between the Company and Stonebridge Holdings, LLC or its affiliates, (ii)
      receipt of future financings by the Company of either debt or equity in excess
      of $500,000, and (iii) 30 days from the date hereof. In addition, Lender will
      receive .30% of an IP Event, which will be due and payable within 10 business
      days after the IP Event. For purposes of this Note, an "IP Event"
      is
      defined as the receipt by the Company or any of its subsidiaries of a minimum
      of
      $10,000,000 in gross proceeds (in cash or the fair market value of non-cash
      consideration) from a licensing, sale, transfer, settlement or other transaction
      with one or more third parties relating to intellectual property of the Company
      or its subsidiaries, or a merger, consolidation, share exchange or sale of
      all
      or substantially all of the stock or assets of the Company or any of its
      subsidiaries.

    

    2. Pledge
      and Security
      Agreement.
      Payment
      of this Note is secured as set forth in that certain Pledge and Security
      Agreement dated of even date herewith by and among the Company and Lender (the
      "Security
      Agreement').

    

    3. Priority.
      Payment
      of this Note shall take priority over the other debt payment obligations of
      the
      Company.

    

    4. Attorney's
      Fees.
      If the
      indebtedness represented by this Note or any part thereof is collected in
      bankruptcy, receivership or other judicial proceedings or if this Note is placed
      in the hands of attorneys for collection after default, the Company agrees
      to
      pay, in addition to the principal and interest payable hereunder, reasonable
      attorney's fees and costs incurred by Lender.

    

    5. Notices.
      Any
      notice, other communication or payment required or permitted hereunder shall
      be
      in writing and shall be deemed to have been given upon delivery.

    

    6. Waivers.
      The
      Company hereby waives presentment, demand for performance, notice of
      non-performance, protest, notice of protest and notice of dishonor. No delay
      on
      the part of Lender in exercising any right hereunder shall operate as a waiver
      of such right or any other right. Any
      lawsuit or
      litigation
      arising under, out of, in connection with, or in relation to this Agreement,
      any
      amendment thereof, or the breach thereof, shall be brought in the courts of
      Omaha, Nebraska, which courts shall have exclusive jurisdiction over any such
      lawsuit or litigation.

    

    7. Assignment.
      This
      Note is not transferable by the Company, whether by sale, pledge or other
      disposition, without the prior written consent of Lender which consent may
      be
      withheld in Lender's

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    
       
sole
      discretion, except that the Company may transfer this Note without such consent
      in connection with a merger or other similar transaction involving the
      Company.

    

    8. Delaware Law.
      This
      Note shall be construed in accordance with the laws of the State of Delaware,
      without regard to the conflicts of laws provisions thereof.

    

    IN
      WITNESS WHEREOF, Gabriel Technologies Corporation has caused this Note to be
      executed by its officer thereunto duly authorized.

    

    GABRIEL
      TECHNOLOGIES CORPORATION 

    

    

    By: /s/
      T.J.
      O’Brien                                             

    Name: T.J.
      O’Brien                                             

    Its: Acting
      COO                                                  

    
 

    -2-

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