Document:

astc-ex102_87.htm

Exhibit 10.2

ACKNOWLEDGMENT, CONSENT AND AFFIRMATION OF GUARANTORS

The undersigned Guarantors hereby (i) acknowledge and consent to the terms and conditions of the Omnibus Amendment to Promissory Notes (the “Agreement”) to which this Acknowledgment, Consent and Affirmation is attached, (ii) affirm their obligations under their respective guaranty, pledge, and/or indemnity in favor of the Lender and/or under any agreement under which any of the Guarantors has granted to the Lender a lien or security interest in any of its real or personal property, (iii) acknowledge and consent to the Agreement and agree to be bound by and hereby join in the general release in favor of Lender set forth in Paragraph 6 of the Agreement, which is hereby incorporated by this reference as though fully set forth herein, and agree that each of the Guarantors shall be Releasing Parties thereunder, and (iv) confirm that such guaranty and other agreements, including but not limited to any jury trial waivers and judicial reference provisions contained in the Loan Documents, remain in full force and effect, without defense, offset, or counterclaim notwithstanding the terms and conditions of the Agreement.  Capitalized terms used herein shall have the meanings specified in the Agreement.

Although each of the undersigned has been informed of the terms of the Agreement, each understands and agrees that the Lender has no duty to so notify the undersigned or any other guarantor/pledgor/indemnitor or to seek this or any future acknowledgment, consent or affirmation, and nothing contained herein shall create or imply any such duty as to any transactions, past or future.

 

Dated as of August 24, 2020

 

GUARANTORS:

 

	
	
1st DETECT CORPORATION

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober

     Title: Chief Financial Officer 

 

	
ASTROTECH TECHNOLOGIES, INC.

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober

     Title: Chief Financial Officerastc-ex103_6.htm

Exhibit 10.3

OMNIBUS AMENDMENT TO SECURITY AGREEMENTS

This Omnibus Amendment to Security Agreements (this “Amendment”) is made effective as of September 5, 2020 (the “Amendment Effective Date”), by and among Astrotech Corporation, a Delaware corporation (the “Company”), certain Subsidiaries of the Company signatory hereto (such subsidiaries, the “Guarantors” and together with the Company, the “Debtors”) and the holder of (1) the Company’s Secured Promissory Note, dated September 5, 2019, in the original aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) and (2) the Company’s Secured Promissory Note, dated February 13, 2020, in the original aggregate principal amount of One Million Dollars ($1,000,000.00) (collectively, the “Notes”), signatory hereto, his endorsee(s), transferee(s) and assign(s) (the “Secured Party”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in (1) that certain Security Agreement, by and among the parties, dated as of September 5, 2019 (the “2019 Security Agreement”) and (2) that certain Security Agreement, by and among the parties, dated as of February 13, 2020 (the “2020 Security Agreement,” and, together with the 2019 Security Agreement, the “Security Agreements”).

RECITALS 

WHEREAS, the Maturity Date (as defined in the Notes) of the Notes was September 5, 2020.

WHEREAS, the parties entered into that certain Omnibus Amendment to Secured Promissory Notes, dated September 5, 2020, pursuant to which the Maturity Date of the Notes was extended to September 5, 2021.

WHEREAS, the parties desire to amend the Security Agreements to reflect the extension of the Maturity Date. 

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the promises and covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

	
1.
	
2019 Security Agreement Amendment.   From and after the effective date of this Amendment and notwithstanding any provision in the 2019 Security Agreement to the contrary, the parties irrevocably agree that the defined term “Note” in the 2019 Security Agreement shall mean “the secured promissory note issued by the Company, dated September 5, 2019,  in the original aggregate principal amount of $1,500,000, as amended by that certain Omnibus Amendment to Secured Promissory Notes dated as of September 5, 2020, and as hereinafter amended from time to time.”

	
2.
	
2020 Security Agreement Amendment.  From and after the effective date of this Amendment and notwithstanding any provision in the 2020 Security Agreement to the contrary, the parties irrevocably agree that the defined term “Note” in the 2020 Security Agreement shall mean “the secured promissory note issued by the Company, dated August 5, 2019,  in the original aggregate principal amount of $1,000,000, as amended by that certain Omnibus Amendment 

			
	
 
	
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Exhibit 10.3

		
to Secured Promissory Notes dated as of September 5, 2020, and as hereinafter amended from time to time.”

	
3.
	
Miscellaneous. Except as expressly modified by this Amendment, all terms, conditions and provisions of the Security Agreements shall continue in full force and effect as set forth therein. Each party represents and warrants to the other parties that this Amendment has been duly authorized, executed and delivered by it and constitutes a valid and legally binding agreement with respect to the subject matter contained herein. Each party agrees that the Security Agreements, as amended by this Amendment, constitute the complete and exclusive statement of the agreement among the parties, and supersedes all prior proposals and understandings, oral and written, relating to the subject matter contained herein. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Counterparts may be delivered via electronic mail (including pdf or any electronic signature) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signature pages follow]

 

 

			
	
 
	
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Exhibit 10.3

The parties have executed this Omnibus Amendment to Security Agreements as of the date first written above.

 

	
	
ASTROTECH CORPORATION

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober

     Title: Chief Financial Officer

 

	
 

	
1st DETECT CORPORATION

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober 

     Title: Chief Financial Officer

 

	
 

	
ASTROTECH TECHNOLOGIES, INC.

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober

     Title: Chief Financial Officer

 

 

[SIGNATURE PAGE TO AMENDMENT TO SECURITY AGREEMENT]astc-ex104_7.htm

Exhibit 10.4

OMNIBUS AMENDMENT TO SUBSIDIARY GUARANTEES

This Omnibus Amendment to Subsidiary Guarantees (this “Amendment”) is made effective as of September 5, 2020 (the “Amendment Effective Date”), by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of the holder of (1) the Secured Promissory Note issued by Astrotech Corporation, a Delaware corporation (the “Company”), dated September 5, 2019, in the original aggregate principal amount of $1,500,000 (the “2019 Note”) and (2) the Secured Promissory Note issued by the Company, dated February 13, 2020, in the original aggregate principal amount of One Million Dollars ($1,000,000.00) (the “2020 Note,” and, together with the 2019 Note, the “Notes”) (together with his permitted assigns, the “Lender”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in (1) that certain Subsidiary Guarantee by and among the parties dated as of September 5, 2019 (the “2019 Guarantee”) and (2) that certain Subsidiary Guarantee, by and among the parties, dated as of February 13, 2020 (the “2020 Guarantee,” and, together with the 2019 Guarantee, the “Guarantees”).

RECITALS 

WHEREAS, the Maturity Date (as defined in the Notes) of the Notes was September 5, 2020.

WHEREAS, the parties entered into that certain Omnibus Amendment to Secured Promissory Notes, dated as of September 5, 2020, pursuant to which the Maturity Date of the Notes was extended to September 5, 2021.

WHEREAS, the parties desire to amend the Guarantees to reflect the extension of the Maturity Date. 

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the promises and covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

	
1.
	
2019 Guarantee Amendment.   From and after the effective date of this Amendment and notwithstanding any provision in the Guarantee to the contrary, the parties irrevocably agree that the defined term “Note” shall mean “the secured promissory note issued by the Company, dated September 5, 2019, in the original aggregate principal amount of $1,500,000, as amended by that certain Omnibus Amendment to Secured Promissory Notes, dated as of September 5, 2020, and as hereinafter amended from time to time.”

	
2.
	
2020 Guarantee Amendment.  From and after the effective date of this Amendment and notwithstanding any provision in the Guarantee to the contrary, the parties irrevocably agree that the defined term “Note” shall mean “the secured promissory note issued by the Company, dated February 13, 2020, in the original aggregate principal amount of $1,000,000, as amended by that certain Omnibus Amendment to Secured Promissory Notes, dated as of September 5, 2020, and as hereinafter amended from time to time.”

			
	
 
	
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Exhibit 10.4

 

	
3.
	
Miscellaneous. Except as expressly modified by this Amendment, all terms, conditions and provisions of the Guarantees shall continue in full force and effect as set forth therein. Each party represents and warrants to the other parties that this Amendment has been duly authorized, executed and delivered by it and constitutes a valid and legally binding agreement with respect to the subject matter contained herein. Each party agrees that the Guarantees, as amended by this Amendment, constitute the complete and exclusive statement of the agreement among the parties, and supersedes all prior proposals and understandings, oral and written, relating to the subject matter contained herein. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Counterparts may be delivered via electronic mail (including pdf or any electronic signature) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signature pages follow]

 

 

			
	
 
	
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Exhibit 10.4

 

The parties have executed this Omnibus Amendment to Subsidiary Guarantees as of the date first written above.

                      

	
	
1st DETECT CORPORATION

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober

     Title: Chief Financial Officer

 

	
ASTROTECH TECHNOLOGIES, INC.

 

 

	
By: /s/ Eric Stober

     Name: Eric Stober

     Title: Chief Financial Officer

 

 

[SIGNATURE PAGE TO AMENDMENT TO SUBSIDIARY GUARANTEE]

			
	
 
	
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