Document:

Prepared by R.R. Donnelley Financial -- Exhibit 10.36

 Exhibit 10.36 
  
 ISSUED IN
CONNECTION WITH BOA GUARANTY 
  
  
 WARRANT 
  
 THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AS AMENDED OR ANY STATE
SECURITIES LAW AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR A VALID EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS. 
  
  
 WARRANT TO PURCHASE SHARES OF COMMON STOCK 
 (subject to adjustment hereinafter provided) 
  
 of 
  
 HADRON, INC. 
  
 This certifies that, for value received, Gerald McNichols (“Holder”) is entitled,
subject to the terms set forth below, to purchase from Hadron, Inc., a New York corporation (the “Company”), such number of shares of the Common Stock, par value $0.02 per share (“Common Stock”), of the Company, that are
purchasable in connection with the exercise of the Warrant, as determined in Section 3 below, upon surrender hereof at the principal office of the Company referred to below, with the Notice of Exercise attached hereto as Attachment A duly
executed and simultaneous payment therefor (at the Exercise Price as set forth in Section 2 below) in lawful money of the United States or otherwise as hereinafter provided. The number and Exercise Price of such shares of Common Stock are subject to
adjustment as provided below. The term “Warrant” as used herein shall include the Warrant under this Warrant and any warrants delivered in substitution or exchange therefor as provided herein. 
  
 1.  Term of Warrant.    Subject to the terms and conditions set forth herein, the Warrant shall be exercisable, in
whole or in part, for the longer of (i) the five (5) year period commencing on the date of this Warrant, or (ii) the third (3rd) anniversary of the date of the last Subsequent Annual Return Allotment (as defined below) as determined under Section 3.2 hereof. 
  
 2.  Exercise Price.    The exercise price at which this Warrant, or any portion hereof, may be exercised shall be Two cents ($0.02) per share of Common Stock (the “Exercise
Price”). 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 3.  Issuance in Connection with Agreement to Provide Guaranty; Number of Shares; Exercise of Warrant. 
  
 3.1  Issuance in Connection with Agreement to Provide Guaranty.    Each of the Holder and the Company expressly acknowledge and
agree that this Warrant has been issued in connection with the execution and delivery by the Holder of that certain Agreement to Provide Guaranty of even date herewith by and between the Company and the Holder (“Agreement”). The number of
Shares that may be acquired pursuant to this Warrant shall be calculated on an annual basis (for each year the Guaranty remains outstanding) based upon One Hundred Ninety Thousand Dollars ($190,000) (the “Base Calculation Amount”) and the
Fair Market Value of the Company’s Common Stock. For the purposes of this Warrant, “Fair Market Value” of Company’s Common Stock shall be equal to the average of the last sale per share price of Common Stock on each of the ten
(10) trading days prior to date of calculation and adjustment of the of Shares to be included herein on the principal exchange of which the Common Stock may at the time be listed; or, if there shall have been no sales on such exchange on any such
trading day, the average of the closing bid and asked prices on such exchange on such trading day; or, if there is no such bid and asked price occurred; or, if the Common Stock shall not be so listed, the average of the closing sales prices as
reported by NASDAQ (including its bulletin board) at the end of each of the ten trading days prior to the date of exercise of this Warrant in the over-the counter market. 
  
 3.2  Calculation of Shares.    The aggregate number of Shares that the Holder of this Warrant shall have the right to purchase from
the Company (and the Company shall issue and sell to such Holder) shall be calculated on the date of this Warrant and each anniversary of this Warrant that Holder’s Guaranty under the Agreement remains in effect (the “Allotment Date”)
as follows: the number of Shares to which this Warrant applies (“Annual Allotment”) shall be the quotient of the Base Calculation Amount divided by the Fair Market Value per share on each Allotment Date. On each Allotment Date the Annual
Allotment shall be added to the number of Shares covered by this Warrant immediately prior to such Allotment Date. 
  
 3.3  Exercise.    This Warrant may be exercised in whole or in part in as many exercises as Holder may elect. The Exercise Price shall be payable by check for good and sufficient United States funds.

  
 3.4  Cashless Exercise.    Subject to the other provisions of this
Agreement, in lieu of any cash payment required upon exercise of the Warrant, the Holder may elect to exercise this Warrant in full or in part by surrendering this Warrant in the manner specified in this Section 3 in exchange for the number of
shares of Common Stock equal to the product of (i) the number of shares of Common Stock as to which the Warrant is being exercised multiplied by (ii) a fraction, (y) the numerator of which is the Fair Market Value of a share of Common Stock on the
date of exercise less the Exercise Price, and (z) the denominator of which is the Fair Market Value of a share of Common Stock on such date of exercise. 
 

 2 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 3.5  Delivery.    The Warrant shall be exercisable by (i) delivering to the Company the form of notice of exercise attached hereto
as Exhibit A duly completed and signed by the Holder or by the duly appointed legal representative or duly authorized attorney thereof, and (ii) depositing with the Company the original of this Warrant, paying the aggregate Exercise Price for
the number of shares of Common Stock in respect of which the Warrant is being exercised. Upon each partial exercise of the Warrant, a new Warrant evidencing the balance of the shares of Common Stock issuable hereunder will be issued to the Holder,
as soon as reasonably practicable, on the same terms as the Warrant partially exercised. All payments due upon any exercise of this Warrant shall be made in cash or by check. 
  
 3.6  Time of Exercise.    This Warrant shall be deemed to have been exercised immediately prior to the close of business on the
date of its surrender for exercise and the person entitled to receive the shares of Common Stock issuable upon such exercise shall be treated for all purposes as the holder of record of such shares as of the close of business on such date; provided,
however, that in the event that the transfer books of the Company are closed on the date of exercise, the Holder shall be deemed to have become a stockholder of record on the next succeeding day that the transfer books are open and until such date,
the Company shall be under no duty to cause to be delivered any certificate for such shares. As promptly as practicable on or after such date and in any event within ten (10) days thereafter, the Company at its expense shall issue and deliver to the
person or persons entitled to receive the same a certificate or certificates for the number of shares issuable upon such exercise. In the event that this Warrant is exercised in part, the Company at its expense will execute and deliver a new Warrant
of like tenor exercisable for the number of shares for which this Warrant may then be exercised. 
  
 4.  Payment of
Taxes and Expenses.    The Company shall pay all expenses in connection with, and all taxes and other governmental charges that may be imposed with respect to, the issuance or delivery of this Warrant and the Warrant Stock,
unless any such tax or charge is imposed by law upon the Holder or upon the income or gain of Holder in connection with this Warrant, in which case such tax or charge shall be paid by the Holder. The Company shall not be required, however, to pay
any tax or other charge imposed in connection with any transfer involved in the issuance of any certificate for shares of Common Stock in any name other than that of the Holder, and in such case the Company shall not be required to issue or deliver
any stock certificate until such tax or other charge has been paid or it has been established to the satisfaction of the Company that no such tax or other charge is due. 
  
 5.  No Fractional Shares.    No fractional shares shall be issued upon the exercise of this Warrant. In lieu of any fractional share to which the
Holder would otherwise be entitled, the Company shall make a cash payment equal to the Exercise Price multiplied by such fraction. 
  
 6.  Replacement of Warrant.    On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction,
on delivery of an indemnity agreement reasonably satisfactory in form and substance to the Company or, in the case of mutilation, or surrender and cancellation of this Warrant, the Company at its expense shall execute and deliver, in lieu of this
Warrant, a new warrant of like tenor and amount. 
 

 3 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 7.  Adjustments. 
  
 (a)  Adjustment.    The number of shares of Common Stock for which this Warrant is exercisable and the Exercise Price at which such shares may be purchased shall be subject to adjustment from time to
time as set forth in this Section 7. 
  
 (b)  Stock Dividends, Subdivisions and
Combinations.    If at any time the Company shall: 
  
 (i)  pay or make a
dividend on Common Stock payable in additional shares of Common Stock; 
  
 (ii)  subdivide its
outstanding shares of Common Stock into a larger number of shares of Common Stock; or 
  
 (iii)  combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock; 
  
 then (A) the number of shares
of Common Stock for which this Warrant is exercisable immediately after the happening of such event shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock immediately prior
to the happening of such event would own or be entitled to receive after the happening of such event, and (B) the Exercise Price shall be adjusted to equal (1) the Exercise Price multiplied by the number of shares of Common Stock for which this
Warrant is exercisable immediately prior to the adjustment divided by (2) the number of shares for which this Warrant is exercisable immediately after such adjustment. 
  
 (c)  Dividends and Distributions.    If the Company shall distribute to all holders of its outstanding shares of Common Stock
evidence of indebtedness of the Company, cash (including cash dividends payable out of consolidated earnings or earned surplus) or assets or securities other than additional shares of Common Stock, including stock of a subsidiary but excluding
dividends or distributions referred to in Section 7(b) above (any such evidences of indebtedness, cash, assets or securities, the “assets or securities”), then, in each case, the number of shares of Common Stock issuable after such
record date to Holder upon the exercise of each Warrant shall be determined by multiplying the number of shares of Common Stock issuable upon the exercise of such Warrant immediately prior to such record date by a fraction, the numerator of which
shall be the fair market value per share of Common Stock immediately prior to the record date for such distribution and the denominator of which shall be the fair market value per share of Common Stock immediately prior to the record date for such
distribution less the then fair value (as determined in good faith by the Board) of the evidences of its indebtedness, cash or assets or other distributions so distributed attributable to one share of Common Stock. Such adjustment shall be made
whenever any such distribution is made, and shall become effective on the date of distribution retroactive to the record date for the determination of stockholders entitled to receive such distribution. Any adjustment required by this Section
7(c) shall be made whenever any such distribution is made, and shall become effective on the date of such distribution retroactive to the record date for the determination of stockholders entitled to receive such distribution. 

 4 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 (d)  Reorganization, Reclassification, Consolidation or Merger.    If the Company shall (i) effect any reorganization or
reclassification of its capital stock or (ii) consolidate or merge with or into, or transfer all or substantially all of its properties and assets to, any other person, in either case the Company shall give the holder at least thirty (30) days prior
written notice of such action. During such thirty (30) day period, the Holder shall have the right to exercise this Warrant in whole or in part in accordance with the terms hereof. In the event that the Holder does not exercise this Warrant or any
part hereof prior to the consummation of such transaction, then immediately upon the consummation of such transaction this Warrant and all rights hereunder shall immediately terminate without further notice to the Holder or further action on the
part of the Company. 
  
 (e)  All calculations under this Section 7 shall be made to the nearest
cent or to the nearest one-hundredth of a share, as the case may be. 
  
 8.  No Rights of
Stockholders.    Subject to this Warrant, the Holder shall not be entitled to vote, to receive dividends or subscription rights, or to be deemed the holder of Common Stock or any other securities of the Company that may at
any time be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the rights of a stockholder of the Company, including without limitation any right to vote for
the election of directors or upon any matter submitted to stockholders, to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification of stock, change of par value or change of stock to
no par value, consolidation, merger, conveyance, or otherwise), to receive notices, or otherwise, until the Warrant shall have been exercised as provided herein. 
  
 9.  Transfer of Warrant. 
  
 9.1  Warrant Register.    The Company will maintain a register (the “Warrant Register”) containing the names and addresses of the Holder or Holders. Any Holder of this Warrant or any portion
thereof may change its address as shown on the Warrant Register by written notice to the Company requesting such change, and the Company shall promptly make such change. Until this Warrant is transferred on the Warrant Register of the Company, the
Company may treat the Holder as shown on the Warrant Register as the absolute owner of this Warrant for all purposes, notwithstanding any notice to the contrary. 
  
 9.2  Exchange of Warrant Upon a Transfer.    On surrender of this Warrant for exchange, properly endorsed on the Assignment
attached hereto and subject to the provisions of this Warrant and with the limitations on assignments and transfers as contained in this Section 9, the Company at its expense shall issue to or on the order of the Holder a new warrant or warrants of
like tenor, in the name of the Holder or as the Holder (on payment by the Holder of any applicable transfer taxes) may direct, for the number of shares issuable upon exercise hereof. 
  
 10.  Reservation and Authorization of Common Stock. 
  
 (a)  The Company shall at all times reserve and keep available for issuance upon the exercise of this Warrant the maximum number of its authorized but unissued shares of Common Stock as could then
potentially be required to permit the exercise in full of this and all 
 

 5 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 outstanding Warrants. All shares of Common Stock issuable upon exercise of any Warrant and payment therefor in accordance with the terms of such Warrant shall be duly and validly issued and fully paid and
nonassesable, and not subject to or privileged with any preemptive rights. 
  
 (b)  Before taking any
action which would cause an adjustment reducing the Exercise Price below the then par value, if any, of the shares of Common Stock issuable upon exercise of the Warrants, the Company shall take any corporate action which may be necessary in order
that the Company may validly and legally issue fully paid and nonassessable shares of such Common Stock at such adjusted Exercise Price. 
  
 10.  Notices.    Any notice, request, consent or other communication required to be made hereunder shall be deemed to have been made: (a) in the case of personal delivery, on the date of such delivery;
(b) in the case of mailing, on the third business day following the date of such mailing; and (c) in the case of facsimile transmission, when confirmed by facsimile machine report to the parties at the following addresses: 
  
 If to Holder: 
  
 Gerald McNichols 
 23349 Parsons Road 
 Middleburg, VA 20117-2817 
  
 If to Company: 
  
 5904 Richmond Highway 
 Suite 300

 Alexandria, Virginia 22303 
 Attn: Corporate
Secretary 
 Fax: 703/329-9409 
  
 11.  Legend.    Neither this Warrant nor the shares of common stock issuable upon exercise of this Warrant have been registered under the Securities Act of 1933, as amended, or under the securities laws
of any state. Neither this Warrant nor the shares of common stock issued upon exercise of this Warrant may be sold, transferred, pledged or hypothecated in the absence of (i) an effective registration statement for this Warrant or the shares, as the
case may be, under the Securities Act of 1933, as amended, and such registration or qualification as may be necessary under the securities laws of any state, or (ii) an opinion of counsel reasonably satisfactory to the Company that such registration
or qualification is not required. The Company shall cause a certificate or certificates evidencing all or any of the shares of common stock issued upon exercise of this Warrant prior to said registration and qualification of such shares to bear the
following legend: 
  
 THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE. THE SHARES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 
 

 6 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 1933, AS AMENDED, AND SUCH REGISTRATION OR QUALIFICATION AS MAY BE NECESSARY UNDER THE SECURITIES LAWS OF ANY STATE, OR A VALID EXEMPTION FROM REGISTRATION UNDER SUCH LAWS. 
  
 (c)  Termination of Restrictions.    The legend requirements of Section 11 shall terminate
when either (i) the security in question shall have been effectively registered under the Securities Act and disposed of pursuant thereto or (ii) the Company shall have received an opinion of counsel reasonably satisfactory to it that such legend is
not required in order to insure compliance with the Securities Act. 
  
 12.  Investment
Covenant.    The Holder by his or her acceptance hereof covenants that this Warrant is and any common stock issued hereunder will be acquired for investment purposes, and that the Holder will not distribute the same in
violation of any state or federal law or regulation. 
  
 13.  Amendments.    The terms and
provisions of this Warrant may not be modified or amended, or any provisions hereof waived, temporarily or permanently, except by written consent of the Company and the Holder. 
  
 14.  Successors and Assigns.    This Warrant and the rights and duties of the Holder set forth herein may be assigned, in whole or in part, by the
Holder. The obligations of the Company evidenced by this Warrant shall be binding upon its successors, but neither this Warrant nor any of the rights or duties of the Company set forth herein shall be assigned by the Company, in whole or in part,
without having first received the written consent of the Holder. 
  
 15.  Governing
Law.    This Warrant shall be governed by, and construed in accordance with, the laws of the Commonwealth of Virginia without regard to the principles of conflicts of law thereof. 
 

 7 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed on its behalf and under its corporate seal as of the date first above written by one of its duly authorized officers and its execution
hereof to be attested by another of its duly authorized officers. 
  
 
	 Date:    November 2, 2001
 	 	  	 	 HADRON, INC.
 
	 
	  	 	  	 	  	 	 By:
 	 	 /s/    STERLING E. PHILLIPS,
JR.        
 

	  	 	  	 	  	 	  	 	 Sterling E. Phillips, Jr.
 President and Chief Executive
Officer
 
	 
	  	 	  	 	  	 	 HOLDER
 
	 
	  	 	  	 	  	 	 /s/    GERALD
MCNICHOLS        
 
Gerald McNichols
 

 
  
  
 Attested:

  
  
 
	 
	 

	  
 Print Name:
 	 	 

	 Corporate Secretary
 

 
 

 8 

 ISSUED IN CONNECTION WITH BOA GUARANTY 
  
  
 ATTACHMENT A 
  
 NOTICE OF EXERCISE 
  
 To:  HADRON, INC. (the “Company”) 
  
 The undersigned hereby irrevocably elects to exercise the right of purchase thereunder,              shares of Common Stock of
the Company, as provided for therein, and tenders herewith payment of the purchase price in full in the form of wire transfer, cash or a check in the aggregate amount of $            . If
said number of shares shall not be all the shares purchasable under the within Warrant, a new Warrant Certificate is to be issued in the name of said undersigned for the balance remaining of the shares purchasable thereunder less any fraction of a
share paid in cash. 
  
 Please issue a certificate or certificates for such shares of Common Stock in the name of, and pay any cash
for any fractional share to: 
  
 
	 Name:
 	 	 

	 
	 By:
 	 	 

	 
	 Signature:
 	 	 

 
  
  
 ASSIGNMENT 
 (To be executed only upon assignment of Warrant) 
  
 For value received,
            , hereby sells, assigns and transfers unto              the within Warrant, together with all right, title and
interest therein, and does hereby irrevocably constitute and appoint              attorney, to transfer said Warrant on the books of the within-named Company, with full power of
substitution of the premises. 
  
 Dated:                            , 20     
  
 
	 

	 
	 By:Prepared by R.R. Donnelley Financial -- Exhibit 10.37

 Exhibit 10.37 
  
  
 Date:  November 2, 2001 
  
  
 Continuing and Unconditional
Guaranty 
  
 
	
	
	

	 Lender:
  
 Bank of America, N.A.
  
 8300 Greensboro Drive
 Suite 550
 McLean, Virginia 22102
 Attn: Commercial Banking
 

 

 	 	 Subsidiary Guarantors:
  
 ADVANCED BIOSYSTEMS, INC.
 AVENUE TECHNOLOGIES, INC.

ENGINEERING AND INFORMATION
 SERVICES, INC.
 SYCOM SERVICES, INC.
 VAIL RESEARCH AND
 TECHNOLOGY CORPORATION
 HADRON ACQUISITION CORP.
  
 5904 Richmond Highway
 Suite
300
 Alexandria, Virginia 22303
 
	
	
	

 
  
 “Borrower”: Hadron, Inc., a New York
corporation. 
  
 1.  Guaranty.    FOR VALUE RECEIVED, and to induce Bank of America, N.A.
(“Lender”) to make loans or advances or to extend credit or other financial accommodations or benefits, with or without security, to or for the account of Borrower, the undersigned “Guarantor”, if more than one, then each of them
jointly and severally, hereby irrevocably and unconditionally guarantees to Lender the full and prompt payment when due, whether by acceleration or otherwise, of any and all Liabilities (as hereinafter defined) of Borrower to Lender. 

 
 The undertakings of Guarantor hereunder are independent of the Liabilities and Obligations of Borrower and a separate action or actions for
payment, damages or performance may be brought or prosecuted against Guarantor, whether or not an action is brought against Borrower or to realize upon the security for the Liabilities and/or Obligations, whether or not Borrower is joined in any
such action or actions, and whether or not notice is given or demand is made upon Borrower. 
  
 Lender shall not be required to
proceed against Borrower, or any other person, or entity, whether primarily or secondarily liable, or against any collateral held by it, before resorting to Guarantor for payment. 
  
 This Guaranty is continuing and unlimited as to amount, and is cumulative to and does not supersede any other guaranties. This is the Subsidiary Guaranty described in the Credit
Agreement (as hereinafter defined). 
  
 2.  Paragraph Headings, Governing Law and Binding
Effect.    Guarantor agrees that paragraph headings in this Guaranty are for convenience only and that they will not limit any of 

 the provisions of this Guaranty. Guarantor further agrees that this Guaranty shall be governed by and construed in accordance with the laws of the Commonwealth
of Virginia and applicable United States federal law. Guarantor further agrees that this Guaranty shall be deemed to have been made in the Commonwealth of Virginia at Lender’s address indicated above, and shall be governed by, and construed in
accordance with, the laws of the Commonwealth of Virginia, or the United States courts located within the Commonwealth of Virginia, and is performable in the Commonwealth of Virginia. This Guaranty is binding upon Guarantor, his, their or its
executors, administrators, successors or assigns, and shall inure to the benefit of Lender, its successors, endorsees or assigns. Anyone executing this Guaranty shall be bound by the terms hereof without regard to execution by anyone else.

  
 3.  Definitions. 
  
 A.  “Credit Agreement” shall mean that certain Credit Agreement dated as of November 2, 2001, by and among Borrower, the Subsidiary Guarantors from
time to time party thereto and Lender, and all other agreements and instruments extending, renewing, refinancing or refunding any indebtedness, obligation or liability arising under the same, as the same may be amended, modified or supplemented from
time to time hereafter. 
  
 B.  “Guarantor” shall mean Guarantor or any one or more of them.

  
 C.  “Liability” or “Liabilities” shall mean without limitation, all
liabilities, overdrafts, indebtedness, and obligations of Borrower and/or Guarantor to Lender under the Credit Agreement and the other Loan Documents, and all sums payable under or by virtue thereof, including without limitation, all amounts of
principal and interest, all expenses (including reasonable attorney’s fees and cost of collection) incurred in the collection thereof or the enforcement of rights thereunder (including, without limitation, any liability arising from failure to
comply with state or federal laws, rules and regulations concerning the control of hazardous waste or substances at or with respect to any real estate securing any loan guaranteed hereby), whether arising in the ordinary course of business or
otherwise. The term “Liability” or “Liabilities” shall include all Obligations (as that term is defined in the Credit Agreement). If Borrower is a partnership, corporation or other entity the term “Liability” or
“Liabilities” as used herein shall include all Liabilities to Lender of any successor entity or entities. 
  
 D.  “Loan Documents” shall have the meaning ascribed to such term in the Credit Agreement. 
  
 E.  “Obligation” or “Obligations” shall mean all terms, conditions, covenants, agreements and undertakings of Borrower and/or Guarantor under the Credit Agreement and the other Loan
Documents. 
  
 4.  Waivers by Guarantor.    Guarantor waives notice of acceptance of this
Guaranty, notice of any Liabilities or Obligations to which it may apply, presentment, demand for payment, protest, notice of dishonor or nonpayment of any Liabilities, notice of intent to accelerate, notice of acceleration, and notice of any suit
or the taking of other action by Lender against Borrower, Guarantor or any other person, any applicable statute of limitations and any other notice to any party liable on any Loan Document (including Guarantor). 
 

 2 

  
 Until such time as the Liabilities have been paid in full, all Commitments under the Credit
Agreement have been terminated and no Person or Governmental Authority shall have any right to request any return or reimbursement of funds from the Lender in connection with monies received under the Loan Documents, each Guarantor also hereby
waives any claim, right or remedy which such Guarantor may now have or hereafter acquire against Borrower that arises hereunder and/or from the performance by any other Guarantor hereunder including, without limitation, any claim, remedy or right of
subrogation, reimbursement, exoneration, contribution, indemnification, or participation in any claim, right or remedy of Lender against Borrower or against any security which Lender now has or hereafter acquires, whether or not such claim, right or
remedy arises in equity, under contract, by statute, under common law or otherwise. 
  
 Guarantor also waives the benefits of any
provision of law requiring that Lender exhaust any right or remedy, or take any action, against Borrower, any Guarantor, any other person and/or property, including but not limited to the provisions of Sections 49-25 and 49-26 of the Code of
Virginia (1950), as amended, or otherwise. 
  
 Lender may at any time and from time to time (whether before or after revocation or
termination of this Guaranty) without notice to Guarantor (except as required by law), without incurring responsibility to Guarantor, without impairing, releasing or otherwise affecting the obligations of Guarantor hereunder, in whole or in part,
and without the endorsement or execution by Guarantor of any additional consent, waiver or guaranty: (a) change the manner, place or terms of payment, or change or extend the time of or renew, or change any interest rate or alter any Liability or
Obligation or installment thereof, or any security therefor; (b) loan additional monies or extend additional credit to Borrower, with or without security, thereby creating new Liabilities or Obligations the payment or performance of which shall be
guaranteed hereunder, and the Guaranty herein made shall apply to the Liabilities and Obligations as so changed, extended, surrendered, realized upon or otherwise altered; (c) sell, exchange, release, surrender, realize upon or otherwise deal with
in any manner and in any order any property at any time pledged or mortgaged to secure the Liabilities or Obligations and any offset thereagainst; (d) exercise or refrain from exercising any rights against Borrower or others (including Guarantor) or
act or refrain from acting in any other manner; (e) settle or compromise any Liability or Obligation or any security therefor and subordinate the payment of all or any part thereof to the payment of any Liability or Obligation of any other parties
primarily or secondarily liable on any of the Liabilities or Obligations; (f) release or compromise any Liability of Guarantor hereunder or any Liability or Obligation of any other parties primarily or secondarily liable on any of the Liabilities or
Obligations; or (g) apply any sums from any sources to any Liability without regard to any Liabilities remaining unpaid. 
  
 5.  Intentionally Deleted. 
  
 6.  Waivers by Lender.    No delay on
the part of Lender in exercising any of its options, powers or rights, and no partial or single exercise thereof, shall constitute a waiver thereof. No waiver of any of its rights hereunder, and no modification or amendment of this Guaranty, shall
be deemed to be made by Lender unless the same shall be in writing, duly signed on behalf of Lender; and each such waiver, if any, shall apply only with respect to the specific instance involved, and shall in no way impair the rights of Lender or
the obligations of Guarantor to Lender in any other respect at any other time. 
 

 3 

  
 7.  Termination.    This Guaranty shall be binding on each
Guarantor until written notice of revocation signed by such Guarantor shall have been received by Lender, notwithstanding change in name, location, composition or structure of, or the dissolution, termination or increase, decrease or change in
personnel, owners or partners of Borrower, or any one or more of Guarantors. No notice of revocation or termination hereof shall affect in any manner rights arising under this Guaranty with respect to Liabilities or Obligations that shall have been
committed, created, contracted, assumed or incurred prior to receipt of such written notice pursuant to any agreement entered into by Lender prior to receipt of such notice. The sole effect of such notice of revocation or termination hereof shall be
to exclude from this Guaranty, Liabilities or Obligations thereafter arising that are unconnected with Liabilities or Obligations theretofore arising or transactions entered into theretofore. 
  

8.  Partial Invalidity and/or Enforceability of Guaranty.    The unenforceability or invalidity of any provision of this Guaranty shall not
affect the enforceability or validity of any other provision herein and the invalidity or unenforceability of any provision of any Loan Document as it may apply to any person or circumstance shall not affect the enforceability or validity of such
provision as it may apply to other persons or circumstances. 
  
 In the event Lender is required to relinquish or return the
payments, the collateral or the proceeds thereof, in whole or in part, which had been previously applied to or retained for application against any Liability, by reason of a proceeding arising under the Bankruptcy Code, or for any other reason, this
Guaranty shall automatically continue to be effective notwithstanding any previous cancellation or release effected by Lender. 
  
 9.  Intentionally Deleted. 
  
 10.  Financial and Other
Information.    Guarantor agrees to furnish to Lender any and all financial information and any other information regarding Guarantor and/or collateral requested in writing by Lender within ten (10) days of the date of the
request. Guarantor has made an independent investigation of the financial condition and affairs of Borrower prior to entering into this Guaranty, and Guarantor will continue to make such investigation; and in entering into this Guaranty Guarantor
has not relied upon any representation of Lender as to the financial condition, operation or creditworthiness of Borrower. Guarantor further agrees that Lender shall have no duty or responsibility now or hereafter to make any investigation or
appraisal of Borrower on behalf of Guarantor or to provide Guarantor with any credit or other information which may come to its attention now or hereafter. 
  
 11.  Notices.    Notices under this Guaranty shall be given and deemed effective in accordance with the provisions of Section 8.6 of the Credit Agreement. 
  
 12.  Guarantor Duties.    Guarantor shall upon notice or demand by Lender promptly and with due diligence pay all
Liabilities and perform and satisfy all Obligations for the benefit of Lender in the event of the failure of Borrower or any guarantor to perform any obligation or pay any liability or indebtedness of Borrower or any guarantor to Lender, or to any
affiliate of Lender, whether under any note, guaranty or any other agreement, now or hereafter existing, as and when due (whether upon demand, at maturity or by acceleration). 
 

 4 

  
 13.  Remedies.    Upon the failure of Guarantor to fulfill
its duty to pay all Liabilities and perform and satisfy all Obligations as required hereunder, Lender shall have all of the remedies of a creditor and, to the extent applicable, of a secured party, under all applicable law, and without limiting the
generality of the foregoing, Lender may, at its option and without notice or demand: (a) declare any Liability due and payable at once; (b) take possession of any collateral pledged by Borrower or Guarantor wherever located, and sell, resell,
assign, transfer and deliver all or any part of said collateral of Borrower or Guarantor at any public or private sale or otherwise dispose of any or all of the collateral in its then condition, for cash or on credit or for future delivery, and in
connection therewith Lender may impose reasonable conditions upon any such sale, and Lender, unless prohibited by law the provisions of which cannot be waived, may purchase all or any part of said collateral to be sold, free from and discharged of
all trusts, claims, rights or redemption and equities of Borrower or Guarantor whatsoever; Guarantor acknowledges and agrees that the sale of any collateral through any nationally recognized broker-dealer, investment banker or any other method
common in the securities industry shall be deemed a commercially reasonable sale under the Uniform Commercial Code or any other equivalent statute or federal law, and expressly waives notice thereof except as provided herein; and (c) set-off against
any or all liabilities of Guarantor all money owed by Lender or any of its agents or affiliates in any capacity to Guarantor whether or not due, and also set-off against all other Liabilities of Guarantor to Lender all money owed by Lender in any
capacity to Guarantor, and if exercised by Lender, Lender shall be deemed to have exercised such right of set-off and to have made a charge against any such money immediately upon the occurrence of such default although made or entered on the books
subsequent thereto. 
  
 Lender shall have a properly perfected security interest in all of Guarantor’s funds on deposit with
Lender to secure the balance of any Liabilities and/or Obligations that Guarantor may now or in the future owe Lender. Lender is granted a contractual right of set-off and will not be liable for dishonoring checks or withdrawals where the exercise
of Lender’s contractual right of set-off or security interest results in insufficient funds in Guarantor’s account. As authorized by law, Guarantor grants to Lender this contractual right of set-off and security interest in all property of
Guarantor now or at anytime hereafter in the possession of Lender, including but not limited to any joint account, special account, account by the entireties, tenancy in common, and all dividends and distributions now or hereafter in the possession
or control of Lender. 
  
 14.  Attorney Fees, Cost and Expenses.    Guarantor shall pay all
costs of collection and reasonable attorney’s fees, including reasonable attorney’s fees in connection with any suit, mediation or arbitration proceeding, out of court payment agreement, trial, appeal, bankruptcy proceedings or otherwise,
incurred or paid by Lender in enforcing the payment of any Liability or defending this agreement. 
  
 15.  Rights of
Contribution.    The Guarantors hereby agree, as among themselves, that if any Guarantor shall become an Excess Funding Guarantor (as defined below), each other Guarantor shall, on demand of such Excess Funding Guarantor (but
subject to the succeeding provisions of this Section 15), pay to such Excess Funding Guarantor an amount equal to such Guarantor’s Pro Rata Share (as defined below and determined, for this purpose, without reference to the properties, assets,
liabilities and debts of such Excess Funding Guarantor) of such Excess Payment (as defined below). The payment obligation of any Guarantor to any Excess Funding Guarantor under this Section 15 shall be subordinate and subject in right of payment to
the prior 
 

 5 

 payment in full of the obligations of such Guarantor under the other provisions of this Guaranty, and such Excess Funding Guarantor shall not exercise any right
or remedy with respect to such excess until payment and satisfaction in full of all of such obligations. For purposes hereof, (i) “Excess Funding Guarantor” shall mean, in respect of any obligations arising under the other
provisions of this Guaranty (hereafter, the “Guaranteed Obligations”), a Guarantor that has paid an amount in excess of its Pro Rata Share of the Guaranteed Obligations; (ii) “Excess Payment” shall mean, in respect
of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Guaranteed Obligations; and (iii) “Pro Rata Share”, for the purposes of this Section 15, shall mean, for any
Guarantor, the ratio (expressed as a percentage) of (a) the amount by which the aggregate present fair saleable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent,
subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (b) the amount by which the aggregate present fair saleable value of all assets and other properties of the Borrower and all of the
Guarantors exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Borrower and the Guarantors hereunder) of the Borrower and all of
the Guarantors, all as of the Closing Date (if any Guarantor becomes a party hereto subsequent to the Closing Date, then for the purposes of this Section 15 such subsequent Guarantor shall be deemed to have been a Guarantor as of the Closing Date
and the information pertaining to, and only pertaining to, such Guarantor as of the date such Guarantor became a Guarantor shall be deemed true as of the Closing Date). 
  
 16.  Preservation of Property.    Lender shall not be bound to take any steps necessary to preserve any rights in any property pledged as collateral
to Lender to secure Borrower’s obligations and/or Guarantor’s obligations hereunder as against prior parties who may be liable in connection therewith, and Borrower and Guarantor hereby agree to take any such steps. Lender, nevertheless,
at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Borrower and/or Guarantor or Lender therein; (b) demand, sue for, collect or receive any money or property at any time due,
payable or receivable on account of or in exchange for any property pledged as collateral, to Lender to secure Borrower’s obligations and/or Guarantor’s obligations hereunder to Lender; (c) compromise and settle with any person liable able
on such property; or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the
obligations of Guarantor hereunder. 
  
 17.  ARBITRATION. 
  

A.  THIS PARAGRAPH CONCERNS THE RESOLUTION OF ANY CONTROVERSIES OR CLAIMS BETWEEN GUARANTOR AND LENDER, WHETHER ARISING IN CONTRACT, TORT OR BY
STATUTE, INCLUDING BUT NOT LIMITED TO CONTROVERSIES OR CLAIMS THAT ARISE OUT OF OR RELATE TO: (I) THIS GUARANTY (INCLUDING ANY RENEWALS, EXTENSIONS OR MODIFICATIONS); OR (II) ANY DOCUMENT RELATED TO THIS GUARANTY (COLLECTIVELY A “CLAIM”).

 

 6 

  
 B.  AT THE REQUEST OF GUARANTOR OR LENDER, ANY CLAIM SHALL BE
RESOLVED BY BINDING ARBITRATION IN ACCORDANCE WITH THE FEDERAL ARBITRATION ACT (TITLE 9, U.S. CODE) (THE “ACT”). THE ACT WILL APPLY EVEN THOUGH THIS GUARANTY PROVIDES THAT IT IS GOVERNED BY THE LAW OF A SPECIFIED STATE. 

 
 C.  ARBITRATION PROCEEDINGS WILL BE DETERMINED IN ACCORDANCE WITH THE ACT, THE APPLICABLE RULES AND PROCEDURES
FOR THE ARBITRATION OF DISPUTES OF JAMS OR ANY SUCCESSOR THEREOF (“JAMS”), AND THE TERMS OF THIS PARAGRAPH. IN THE EVENT OF ANY INCONSISTENCY, THE TERMS OF THIS PARAGRAPH SHALL CONTROL. 
  
 D.  THE ARBITRATION SHALL BE ADMINISTERED BY JAMS AND CONDUCTED IN ANY U.S. STATE WHERE REAL OR TANGIBLE PERSONAL
PROPERTY COLLATERAL FOR THIS CREDIT IS LOCATED OR IF THERE IS NO SUCH COLLATERAL, IN THE COMMONWEALTH OF VIRGINIA. ALL CLAIMS SHALL BE DETERMINED BY ONE ARBITRATOR; HOWEVER, IF CLAIMS EXCEED $5,000,000, UPON THE REQUEST OF ANY PARTY, THE CLAIMS
SHALL BE DECIDED BY THREE ARBITRATORS. ALL ARBITRATION HEARINGS SHALL COMMENCE WITHIN 90 DAYS OF THE DEMAND FOR ARBITRATION AND CLOSE WITHIN 90 DAYS OF COMMENCEMENT AND THE AWARD OF THE ARBITRATOR(S) SHALL BE ISSUED WITHIN 30 DAYS OF THE CLOSE OF
THE HEARING. HOWEVER, THE ARBITRATOR(S), UPON A SHOWING OF GOOD CAUSE, MAY EXTEND THE COMMENCEMENT OF THE HEARING FOR UP TO AN ADDITIONAL 60 DAYS. THE ARBITRATOR(S) SHALL PROVIDE A CONCISE WRITTEN STATEMENT OF REASONS FOR THE AWARD. THE ARBITRATION
AWARD MAY BE SUBMITTED TO ANY COURT HAVING JURISDICTION TO BE CONFIRMED AND ENFORCED. 
  
 E.  THE ARBITRATOR(S) WILL HAVE THE AUTHORITY TO DECIDE WHETHER ANY CLAIM IS BARRED BY THE STATUTE OF LIMITATIONS AND, IF SO, TO DISMISS THE ARBITRATION ON THAT BASIS. FOR PURPOSES OF THE APPLICATION OF THE STATUTE OF
LIMITATIONS, THE SERVICE ON JAMS UNDER APPLICABLE JAMS RULES OF A NOTICE OF CLAIM IS THE EQUIVALENT OF THE FILING OF A LAWSUIT. ANY DISPUTE CONCERNING THIS ARBITRATION PROVISION OR WHETHER A CLAIM IS ARBITRABLE SHALL BE DETERMINED BY THE
ARBITRATOR(S). THE ARBITRATOR(S) SHALL HAVE THE POWER TO AWARD LEGAL FEES PURSUANT TO THE TERMS OF THIS GUARANTY. 
  
 F.  THIS PARAGRAPH DOES NOT LIMIT THE RIGHT OF GUARANTOR OR LENDER TO: (I) EXERCISE SELF-HELP REMEDIES, SUCH AS BUT NOT LIMITED TO, SETOFF; (II) INITIATE JUDICIAL OR NONJUDICIAL FORECLOSURE AGAINST ANY REAL OR PERSONAL PROPERTY
COLLATERAL; (III) EXERCISE ANY JUDICIAL OR POWER OF SALE RIGHTS, OR (IV) ACT IN A COURT OF LAW TO OBTAIN AN INTERIM REMEDY, SUCH AS BUT NOT 
 

 7 

 LIMITED TO, INJUNCTIVE RELIEF, WRIT OF POSSESSION OR APPOINTMENT OF A RECEIVER, OR ADDITIONAL OR SUPPLEMENTARY REMEDIES.

  
 G.  BY AGREEING TO BINDING ARBITRATION, THE PARTIES IRREVOCABLY AND VOLUNTARILY WAIVE ANY
RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM. FURTHERMORE, WITHOUT INTENDING IN ANY WAY TO LIMIT THIS AGREEMENT TO ARBITRATE, TO THE EXTENT ANY CLAIM IS NOT ARBITRATED, THE PARTIES IRREVOCABLY AND VOLUNTARILY WAIVE ANY RIGHT THEY
MAY HAVE TO A TRIAL BY JURY IN RESPECT OF SUCH CLAIM. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES ENTERING INTO THIS GUARANTY. 
  
 18.  Controlling Document.    To the extent that this Continuing and Unconditional Guaranty conflicts with or is in any way incompatible with any other Loan Document concerning
this Obligation, any promissory note shall control over any other document, and if such promissory note does not address an issue, then each other document shall control to the extent that it deals most specifically with an issue. 

 
 19.  Execution Under Seal.    This Guaranty is being executed under seal by Guarantor. 

 
 20.  NOTICE OF FINAL AGREEMENT.    THIS WRITTEN CONTINUING AND UNCONDITIONAL GUARANTY REPRESENTS THE FINAL
AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
  
 [remainder of page intentionally left blank] 
 

 8 

  
 IN WITNESS WHEREOF, the undersigned has caused this Guaranty to be executed under seal on this
2nd day of November, 2001. 
 

 9 

  
 
	 Guarantor:
  
  
 ADVANCED BIOSYSTEMS, INC. 
 
	 
	 By:
 	 	 /s/    STERLING E. PHILLIPS, JR.
(SEAL)      
 

	  	 	 Sterling E. Phillips, Jr.
 Chief Executive
Officer
 
	  
  
 AVENUE TECHNOLOGIES, INC.

	 
	 By:
 	 	 /s/    STERLING E. PHILLIPS, JR.
(SEAL)      
 

	  	 	 Sterling E. Phillips, Jr.
 Chief Executive
Officer
 
	  
  
 ENGINEERING AND INFORMATION
SERVICES, INC.
 
	 
	 By:
 	 	 /s/    STERLING E. PHILLIPS, JR.
(SEAL)      
 

	  	 	 Sterling E. Phillips, Jr.
 Chief Executive
Officer
 
	  
  
 SYCOM SERVICES,
INC.
 
	 
	 By:
 	 	 /s/    STERLING E. PHILLIPS, JR.
(SEAL)      
 

	  	 	 Sterling E. Phillips, Jr.
 Chief Executive
Officer
 
	  
  
 VAIL RESEARCH AND
TECHNOLOGY CORPORATION 
 
	 
	 By:
 	 	 /s/    STERLING E. PHILLIPS, JR.
(SEAL)      
 

	  	 	 Sterling E. Phillips, Jr.
 Chief Executive
Officer
 
	  
  
 HADRON ACQUISITION CORP.

	 
	 By:
 	 	 /s/    STERLING E. PHILLIPS, JR.
(SEAL)      
 

	  	 	 Sterling E. Phillips, Jr.
 Chief Executive
Officer
 
	  	 	  

 
  
 

 10

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