Document:

EX-4.6

Exhibit 4.6

DOMESTIC PLEDGE AGREEMENT

     THIS DOMESTIC PLEDGE AGREEMENT dated as of February 29, 2008 (as amended, modified, restated
or supplemented from time to time, the “Pledge Agreement”) is by and among the parties
identified as “Pledgors” on the signature pages hereto and such other parties as may become
Pledgors hereunder after the date hereof (individually a “Pledgor”, and collectively the
“Pledgors”) and Bank of America, National Association, as Domestic Administrative Agent
(in such capacity, the “Domestic Administrative Agent”) for the Secured Parties
(defined below).

WITNESSETH

     WHEREAS, credit facilities have been established in favor of EMS Technologies, Inc., a
Georgia corporation (“EMS”) and EMS Technologies Canada, Ltd., a Canadian federal
corporation (the “Canadian Borrower” and together with EMS, the “Borrowers”),
pursuant to the terms of that certain Credit Agreement dated as of the date hereof (as amended,
modified, supplemented or extended from time to time, the “Credit Agreement”) among the
Borrowers, the Guarantors from time to time party thereto, the Lenders from time to time party
thereto, Bank of America, National Association, as Domestic Administrative Agent and Domestic L/C
Issuer and Bank of America, National Association, acting through its Canada branch, as Canadian
Administrative Agent and Canadian L/C Issuer;

     WHEREAS, this Pledge Agreement is required under the terms of the Credit Agreement; and

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

     1. Definitions.

     (a) Capitalized terms used and not otherwise defined herein shall have the meanings
provided in the Credit Agreement.

     (b) As used herein, the following terms shall have the meanings assigned thereto in the
UCC: Accession, Financial Asset, Proceeds and Security.

     (c) As used herein, the following terms shall have the meanings set forth below:

          “Domestic Administrative Agent” has the meaning provided in the introductory paragraph
hereof.

          “Pledged Collateral” has the meaning provided in Section 2 hereof.

          “Pledged Shares” has the meaning provided in Section 2 hereof.

     “Secured Obligations” means, without duplication, (i) all advances to, and
debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any
Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or
indirect (including those acquired by assumption), absolute or contingent, due or to become
due, now existing or hereafter arising and including interest and fees that accrue after the
commencement by or against any Loan Party of any proceeding under any Debtor Relief Laws
naming such

 

Person as the debtor in such proceeding, regardless of whether such interest and fees are
allowed claims in such proceeding, (ii) all liabilities and obligations, whenever arising,
owing from any Loan Party to any Lender or an Affiliate of any Lender arising under any
Swap Contract between any Loan Party and any Lender or Affiliate of a Lender that is
permitted to be incurred pursuant to Section 8.03(d) of the Credit Agreement, (iii)
all liabilities and obligations, whenever arising, owing from any Loan Party to any Lender
or an Affiliate of any Lender arising under any Treasury Management Agreement between any
Loan Party and any Lender or an Affiliate of any Lender, in each case howsoever evidenced,
created, incurred or acquired, whether primary, secondary, direct, contingent, or joint and
several, and all obligations and liabilities incurred in connection with collecting and
enforcing the foregoing and (iv) all costs and expenses incurred in connection with
enforcement and collection of the Secured Obligations described in the foregoing clauses
(i), (ii) and (iii), including, without limitation, reasonable attorneys’ fees and
disbursements.

     “Secured Parties” means, collectively, the Lenders and any other holder of the
Secured Obligations and “Secured Party” means any one of them.

     “UCC” means the Uniform Commercial Code as in effect from time to time in the
State of New York.

     2. Pledge and Grant of Security Interest. To secure the prompt payment and
performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or
otherwise, of the Secured Obligations, each Pledgor hereby grants, pledges and assigns to the
Domestic Administrative Agent, for the benefit of the Secured Parties, a continuing security
interest in, and a right to set-off against, any and all right, title and interest of such Pledgor
in and to the following, whether now owned or existing or owned, acquired, or arising hereafter
(collectively, the “Pledged Collateral”):

     (a) Pledged Shares. (i) One hundred percent (100%) (or, if less, the full
amount owned by such Pledgor) of the issued and outstanding Equity Interests owned by such
Pledgor of each Domestic Subsidiary set forth on Schedule 2(a) attached hereto and
(ii) sixty-five percent (65%) (or, if less, the full amount owned by such Pledgor) of the
issued and outstanding shares of Equity Interests entitled to vote (within the meaning of
Treas. Reg. Section 1.956-2(c)(2)) (“Voting Equity”) and one hundred percent (100%)
(or, if less, the full amount owned by such Pledgor) of the issued and outstanding Equity
Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2))
(“Non-Voting Equity”) owned by such Pledgor of each Foreign Subsidiary directly
owned by such Pledgor set forth on Schedule 2(a) attached hereto, in each case
together with the certificates (or other agreements or instruments), if any, representing
such Equity Interests, and all options and other rights, contractual or otherwise, with
respect thereto (collectively, together with the Equity Interests described in Section
2(b) and 2(c) below, the “Pledged Shares”), including, but not limited
to, the following:

     (A) all shares, securities, membership interests and other Equity Interests or
other property representing a dividend or other distribution on or in respect of any
of the Pledged Shares, or representing a distribution or return of capital upon or
in respect of the Pledged Shares, or resulting from a stock split, revision,
reclassification or other exchange therefor, and any other dividends, distributions,
subscriptions, warrants, cash, securities, instruments, rights, options or other
property issued to or received or receivable by the holder of, or otherwise in
respect of, the Pledged Shares; and

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     (B) without affecting the obligations of the Pledgors under any provision
prohibiting such action hereunder or under the Credit Agreement, in the event of
any consolidation or merger involving the issuer of any Pledged Shares and in which
such issuer is not the surviving entity, all Equity Interests of the successor
entity formed by or resulting from such consolidation or merger.

     (b) Additional Shares. (i) One hundred percent (100%) (or, if less, the full
amount owned by such Pledgor) of the issued and outstanding Equity Interests owned by such Pledgor of
any Person that hereafter becomes a Domestic Subsidiary and (ii) sixty-five percent (65%) (or, if
less, the full amount owned by such Pledgor) of the Voting Equity and one hundred percent
(100%) (or, if less, the full amount owned by such Pledgor) of the Non-Voting Equity owned by
such Pledgor of any Person that hereafter becomes a Foreign Subsidiary directly owned by such
Pledgor, including, without limitation, the certificates (or other agreements or instruments)
representing such Equity Interests.

     (c) Accessions and Proceeds. All Accessions and all Proceeds of any and all of the foregoing.

     Without limiting the generality of the foregoing, it is hereby specifically understood and
agreed that a Pledgor may from time to time hereafter deliver additional Equity Interests to the
Domestic Administrative Agent as collateral security for the Secured Obligations. Upon delivery to
the Domestic Administrative Agent, such additional Equity Interests shall be deemed to be part of
the Pledged Collateral of such Pledgor and shall be subject to the terms of this Pledge Agreement
whether or not Schedule 2(a) is amended to refer to such additional Equity Interests.

     3. Security for Secured Obligations. The security interest created hereby in the
Pledged Collateral of each Pledgor constitutes continuing collateral security for all of the Secured Obligations
(subject to Section 23 hereof).

     4. Delivery of the Pledged Collateral. Each Pledgor hereby agrees that:

     (a) Delivery of Certificates. Each Pledgor shall deliver to
the Domestic Administrative Agent (i) simultaneously with or promptly following the execution and
delivery of this Pledge Agreement, all certificates representing the Pledged Shares of such
Pledgor and (ii) promptly upon the receipt thereof by or on behalf of a Pledgor, all other
certificates and instruments constituting Pledged Collateral of a Pledgor. Prior to delivery to the
Domestic Administrative Agent, all such certificates and instruments constituting Pledged
Collateral of a Pledgor shall be held in trust by such Pledgor for the benefit of the Domestic
Administrative Agent pursuant hereto. All such certificates and instruments shall be delivered in
suitable form for transfer by delivery or shall be accompanied by duly executed instruments of
transfer or assignment in blank, substantially in the form provided in Exhibit 4(a)
attached hereto.

     (b) Additional Securities. If such Pledgor shall receive (or become entitled
to receive) by virtue of its being or having been the owner of any Pledged Collateral, any
(i) certificate or instrument, including without limitation, any certificate representing a
dividend or distribution in connection with any increase or reduction of capital, reclassification,
merger, consolidation, sale of assets, combination of shares or membership or other Equity
Interests, stock splits, spin-off or split-off, promissory notes or other instruments; (ii) option
or right, whether as an addition to, substitution for, conversion of or an exchange for, any
Pledged Collateral or otherwise in respect thereof; (iii) dividends payable in
securities; or

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(iv) distributions of securities or other Equity Interests, cash or other property in
connection with a partial or total liquidation, dissolution or reduction of capital,
capital surplus or paid-in surplus, then such Pledgor shall accept and receive each such
certificate, instrument, option, right, dividend or distribution in trust for the benefit
of the Domestic Administrative Agent, shall segregate it from such Pledgor’s other property
and shall deliver it forthwith to the Domestic Administrative Agent in the exact form
received together with any necessary endorsement and/or appropriate stock power duly
executed in blank, substantially in the form provided in
Exhibit 4(a), to be held
by the Domestic Administrative Agent as Pledged Collateral and as further collateral
security for the Secured Obligations.

     (c) Financing Statements. Each Pledgor authorizes the Domestic Administrative
Agent to file one or more financing statements (with the description of the Pledged
Collateral contained herein, including without limitation “all assets” and/or “all personal
property” collateral descriptions) disclosing the Domestic Administrative Agent’s security
interest in the Pledged Collateral. Each Pledgor agrees to execute and deliver to the
Domestic Administrative Agent such financing statements and other filings as may be
requested by the Domestic Administrative Agent in order to perfect and protect the security
interest created hereby in the Pledged Collateral of such Pledgor.

     5. Representations and Warranties. Each Pledgor hereby represents and warrants to the
Domestic Administrative Agent, for the benefit of the Secured Parties, that so long as any of the
Secured Obligations remains outstanding and until all of the commitments relating thereto have been
terminated:

     (a) Authorization of Pledged Shares. The Pledged Shares are duly authorized and
validly issued, are fully paid and nonassessable and are not subject to the preemptive
rights of any Person.

     (b) Title. Each Pledgor has good and indefeasible title to the Pledged
Collateral of such Pledgor and is the legal and beneficial owner of such Pledged Collateral
free and clear of any Lien, other than Permitted Liens. There exists no “adverse claim”
within the meaning of Section 8-102 of the UCC with respect to the Pledged Shares of such
Pledgor other than Permitted Liens.

     (c) Exercising of Rights. The exercise by the Domestic Administrative Agent of
its rights and remedies hereunder will not violate any law or governmental regulation or
any material contractual restriction binding on or affecting a Pledgor or any of its
property.

     (d) Pledgor’s Authority. No authorization, approval or action by, and no
notice or filing with any Governmental Authority or with the issuer of any Pledged
Collateral or any other Person is required either (i) for the pledge made by a Pledgor or
for the granting of the security interest by a Pledgor pursuant to this Pledge Agreement
(except as have been already obtained) or (ii) for the exercise by the Domestic
Administrative Agent or the Secured Parties of their rights and remedies hereunder (except
as may be required by the UCC or applicable foreign laws or laws affecting the offering and
sale of securities).

     (e) Security Interest/Priority. This Pledge Agreement creates a valid security
interest in favor of the Domestic Administrative Agent for the benefit of the Secured
Parties, in the Pledged Collateral. The taking of possession by the Domestic Administrative
Agent of the certificates representing the Pledged Shares and all other certificates and
instruments constituting Pledged Collateral will perfect and establish the first priority
of the Domestic Administrative

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Agent’s security interest in the Pledged Shares consisting of certificated securities of
Domestic Subsidiaries and, when properly perfected by filing or registration, in all other
Pledged Collateral represented by such Pledged Shares and instruments securing the Secured
Obligations. Except as set forth in this Section 5(e), no action is necessary to
perfect or otherwise protect such security interest.

     (f) Partnership and Membership Interests. Except as previously disclosed to
the Domestic Administrative Agent, none of the Pledged Shares consisting of partnership or
limited liability company interests (i) is dealt in or traded on a securities exchange or
in a securities market, (ii) by its terms expressly provides that it is a security governed
by Article 8 of the UCC, (iii) is an investment company security, (iv) is held in a
securities account or (v) constitutes a Security or a Financial Asset.

     (g) No Other Interests. As of the date hereof, no Pledgor owns any Equity
Interests in any Subsidiary other than as set forth on Schedule 2(a) attached
hereto.

     6. Covenants. Each Pledgor hereby covenants, that so long as any of the Secured
Obligations remain outstanding and until all of the commitments relating thereto have been terminated, such
Pledgor shall:

     (a) Books and Records. Mark its books and records (and shall cause the issuer
of the Pledged Shares of such Pledgor to mark its books and records) to reflect the security
interest granted to the Domestic Administrative Agent, for the benefit of the Secured
Parties, pursuant to this Pledge Agreement.

     (b) Defense of Title. Warrant and defend title to and ownership of the Pledged
Collateral of such Pledgor at its own expense against the claims and demands of all other
parties claiming an interest therein, keep the Pledged Collateral free from all Liens,
except for Permitted Liens, and not sell, exchange, transfer, assign, lease or otherwise
dispose of Pledged Collateral of such Pledgor or any interest therein, except as permitted
under the Credit Agreement and the other Loan Documents.

     (c) Further Assurances. Promptly execute and deliver at its expense all
further instruments and documents and take all further action that may be necessary and
desirable or that the Domestic Administrative Agent may request in order to (i) perfect and
protect the security interest created hereby in the Pledged Collateral of such Pledgor
(including, without limitation, any and all action necessary to satisfy the Domestic
Administrative Agent that the Domestic Administrative Agent has obtained a first priority
perfected security interest in all Pledged Collateral); (ii) enable the Domestic
Administrative Agent to exercise and enforce its rights and remedies hereunder in respect
of the Pledged Collateral of such Pledgor; and (iii) otherwise effect the purposes of this
Pledge Agreement, including, without limitation and if requested by the Domestic
Administrative Agent, delivering to the Domestic Administrative Agent upon its request
after the occurrence of an Event of Default, irrevocable proxies in respect of the Pledged
Collateral of such Pledgor.

     (d) Amendments. Not make or consent to any amendment or other modification or
waiver with respect to any of the Pledged Collateral of such Pledgor or enter into any
agreement or allow to exist any restriction with respect to any of the Pledged Collateral
of such Pledgor other than pursuant hereto or as may be permitted under the Credit
Agreement.

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     (e) Compliance with Securities Laws. File all reports and other information
now or hereafter required to be filed by such Pledgor with the United States Securities and
Exchange Commission and any other state, federal or foreign agency in connection with the
ownership of the Pledged Collateral of such Pledgor.

     (f) Issuance or Acquisition of Equity Interests. Not, without executing and
delivering, or causing to be executed and delivered, to the Domestic Administrative Agent
such agreements, documents and instruments as the Domestic Administrative Agent may request
for the purpose of perfecting its security interest therein, issue or acquire any Equity
Interests constituting Pledged Collateral consisting of an interest in a partnership or a
limited liability company that (i) is dealt in or traded on a securities exchange or in a
securities market, (ii) by its terms expressly provides that it is a security governed by
Article 8 of the UCC, (iii) is an investment company security, (iv) is held in a securities
account or (v) constitutes a Security or a Financial Asset.

     7. Advances by Secured Parties. On failure of any Pledgor to perform any of the
covenants and agreements contained herein which constitutes an Event of Default and while such
Event of Default is continuing, the Domestic Administrative Agent may, at its sole option and in
its sole discretion, upon notice to the Pledgors, perform the same and in so doing may expend such
sums as the Domestic Administrative Agent may deem advisable in the performance thereof, including,
without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to
obtain a release of a Lien or potential Lien, expenditures made in defending against any adverse
claim and all other expenditures that the Domestic Administrative Agent or the Secured Parties may
make for the protection of the security hereof or may be compelled to make by operation of law. All
such sums and amounts so expended shall be repayable by the Pledgors on a joint and several basis
(subject to Section 23 hereof) promptly upon timely notice thereof and demand therefor,
shall constitute additional Secured Obligations and shall bear interest from the date said amounts
are expended at the Default Rate. No such performance of any covenant or agreement by the Domestic
Administrative Agent or the Secured Parties on behalf of any Pledgor, and no such advance or
expenditure therefor, shall relieve the Pledgors of any default under the terms of this Pledge
Agreement, the other Loan Documents or any other documents relating to the Secured Obligations. The
Secured Parties may make any payment hereby authorized in accordance with any bill, statement or
estimate procured from the appropriate public office or holder of the claim to be discharged
without inquiry into the accuracy of such bill, statement or estimate or into the validity of any
tax assessment, sale, forfeiture, tax lien, title or claim except to the extent such payment is
being contested in good faith by a Pledgor in appropriate proceedings and against which adequate
reserves are being maintained in accordance with GAAP.

     8. Remedies.

     (a) General Remedies. Upon the occurrence of an Event of Default and during the
continuation thereof, the Domestic Administrative Agent and the Secured Parties shall have, in
addition to the rights and remedies provided herein, in the Loan Documents, in any other documents
relating to the Secured Obligations, or by law (including, without limitation, levy of attachment
and garnishment), the rights and remedies of a secured party under the Uniform Commercial Code of
the jurisdiction applicable to the affected Pledged Collateral.

     (b) Sale of Pledged Collateral. Upon the occurrence of an Event of Default and during
the continuation thereof, without limiting the generality of this Section 8 and without
notice, the Domestic Administrative Agent may, in its sole discretion, sell or otherwise dispose
of or realize upon the Pledged Collateral, or any part thereof, in one or more parcels, at public
or private sale, at any exchange or broker’s board or elsewhere, at such price or prices and on
such other terms as the Domestic

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Administrative Agent may deem commercially reasonable, for cash, credit or for future delivery or
otherwise in accordance with applicable law. To the extent permitted by law, any Secured Party may
in such event, bid for the purchase of such securities. Each Pledgor agrees that, to the extent
notice of sale shall be required by law and has not been waived by such Pledgor, any requirement of
reasonable notice shall be met if notice, specifying the place of any public sale or the time after
which any private sale is to be made, is personally served on or mailed, postage prepaid, to such
Pledgor, in accordance with the notice provisions of Section 11.02 of the Credit Agreement
at least ten Business Days before the time of such sale. The Domestic Administrative Agent shall
not be obligated to make any sale of Pledged Collateral of such Pledgor regardless of notice of
sale having been given. The Domestic Administrative Agent may adjourn any public or private sale
from time to time by announcement at the time and place fixed therefor, and such sale may, without
further notice, be made at the time and place to which it was so adjourned.

     (c) Private Sale. Upon the occurrence of an Event of Default and during the
continuation thereof, the Pledgors recognize that the Domestic Administrative Agent may be unable
or deem it impracticable to effect a public sale of all or any part of the Pledged Shares or any
of the securities constituting Pledged Collateral and that the Domestic Administrative Agent may,
therefore, determine to make one or more private sales of any such Pledged Collateral to a
restricted group of purchasers who will be obligated to agree, among other things, to acquire such
Pledged Collateral for their own account, for investment and not with a view to the distribution
or resale thereof. Each Pledgor acknowledges and agrees that any such private sale may be at
prices and on other terms less favorable than the prices and other terms that might have been
obtained at a public sale and, notwithstanding the foregoing, agrees that such private sale shall
be deemed to have been made in a commercially reasonable manner and that the Domestic
Administrative Agent shall have no obligation to delay sale of any such Pledged Collateral for the
period of time necessary to permit the issuer of such Pledged Collateral to register such Pledged
Collateral for public sale under the Securities Act or under applicable state securities laws.
Each Pledgor further acknowledges and agrees that any offer to sell such Pledged Collateral that
has been publicly advertised on a bona fide basis in a newspaper or other publication of general
circulation in the financial community of New York, New York (to the extent that such offer may be
advertised without prior registration under the Securities Act of 1933, as amended (the
“Securities Act”)), notwithstanding that such sale may not constitute a “public offering” under
the Securities Act, and the Domestic Administrative Agent may, in such event, bid for the purchase
of such Pledged Collateral.

     (d) Retention of Pledged Collateral. To the extent permitted under applicable law, in
addition to the rights and remedies hereunder, upon the occurrence and during the continuance of
an Event of Default, the Domestic Administrative Agent may, after providing the notices required
by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable
law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in
satisfaction of the Secured Obligations. Unless and until the Domestic Administrative Agent shall
have provided such notices, however, the Domestic Administrative Agent shall not be deemed to have
accepted or retained any Pledged Collateral in satisfaction of any Secured Obligations for any
reason.

     (e) Deficiency. In the event that the proceeds of any sale, collection or realization
are insufficient to pay all amounts to which the Domestic Administrative Agent or the Secured
Parties are legally entitled, the Pledgors shall be jointly and severally liable (subject to
Section 23 hereof) for the deficiency, together with interest thereon at the Default Rate,
together with the costs of collection and attorneys’ fees and expenses. Any surplus remaining
after the full payment and satisfaction of the Secured Obligations shall be returned to the
Pledgors or to whomsoever a court of competent jurisdiction shall determine to be entitled
thereto.

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     9. Rights of the Domestic Administrative Agent.

     (a) Power of Attorney. Each Pledgor hereby designates and appoints the Domestic
Administrative Agent, on behalf of the Secured Parties, and each of its designees or agents, as
attorney-in-fact of such Pledgor, irrevocably and with power of substitution, with authority to
take any or all of the following actions upon the occurrence and during the continuation of an
Event of Default:

     (i) to demand, collect, settle, compromise and adjust, and give discharges and
releases concerning the Pledged Collateral, all as the Domestic Administrative Agent may
deem appropriate;

     (ii) to commence and prosecute any actions at any court for the purposes of collecting
any of the Pledged Collateral and enforcing any other right in respect thereof;

     (iii) to defend, settle or compromise any action brought and, in connection therewith,
give such discharge or release as the Domestic Administrative Agent may deem appropriate;

     (iv) to pay or discharge taxes, liens, security interests or other encumbrances levied
or placed on or threatened against the Pledged Collateral;

     (v) to direct any parties liable for any payment in connection with any of the Pledged
Collateral to make payment of any and all monies due and to become due thereunder directly
to the Domestic Administrative Agent or as the Domestic Administrative Agent shall direct;

     (vi) to receive payment of and receipt for any and all monies, claims, and other
amounts due and to become due at any time in respect of or arising out of any Pledged
Collateral;

     (vii) to sign and endorse any drafts, assignments, proxies, stock powers,
verifications, notices and other documents relating to the Pledged Collateral;

     (viii) to execute and deliver all assignments, conveyances, statements, financing
statements, renewal financing statements, security and pledge agreements, affidavits,
notices and other agreements, instruments and documents that the Domestic Administrative
Agent may deem appropriate in order to perfect and maintain the security interests and
liens granted in this Pledge Agreement and in order to fully consummate all of the
transactions contemplated therein;

     (ix) to exchange any of the Pledged Collateral or other property upon any merger,
consolidation, reorganization, recapitalization or other readjustment of the issuer thereof
and, in connection therewith, deposit any of the Pledged Collateral with any committee,
depository, transfer agent, registrar or other designated agency upon such terms as the
Domestic Administrative Agent may deem appropriate;

     (x) to vote for a shareholder or member resolution, or to sign an instrument in
writing, sanctioning the transfer of any or all of the Pledged Collateral into the name of
the Domestic Administrative Agent or one or more of the Secured Parties or into the name of
any transferee to whom the Pledged Collateral or any part thereof may be sold pursuant to
Section 8 hereof; and

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     (xi) to do and perform all such other acts and things as the Domestic Administrative
Agent may deem appropriate or convenient in connection with the Pledged Collateral.

     This power of attorney is a power coupled with an interest and shall be irrevocable for so
long as any of the Secured Obligations shall remain outstanding and until all of the commitments
relating thereto shall have been terminated. The Domestic Administrative Agent shall be under no
duty to exercise or withhold the exercise of any of the rights, powers, privileges and options
expressly or implicitly granted to the Domestic Administrative Agent in this Pledge Agreement, and
shall not be liable for any failure to do so or any delay in doing so. The Domestic Administrative
Agent shall not be liable for any act or omission or for any error of judgment or any mistake of
fact or law in its individual capacity or its capacity as attorney-in-fact except acts or
omissions resulting from its gross negligence or willful misconduct. This power of attorney is
conferred on the Domestic Administrative Agent solely to protect, preserve and realize upon its
security interest in the Pledged Collateral.

     (b) Assignment by the Domestic Administrative Agent. The Domestic Administrative
Agent may from time to time assign the Pledged Collateral and any portion thereof to a successor
agent in accordance with the Credit Agreement, and the assignee shall be entitled to all of the
rights and remedies of the Domestic Administrative Agent under this Pledge Agreement in relation
thereto.

     (c) The Domestic Administrative Agent’s Duty of Care. Other than the exercise of
reasonable care to assure the safe custody of the Pledged Collateral while being held by the
Domestic Administrative Agent hereunder and to account for all proceeds thereof, the Domestic
Administrative Agent shall have no duty or liability to preserve rights pertaining thereto, it
being understood and agreed that the Pledgors shall be responsible for preservation of all rights
in the Pledged Collateral, and the Domestic Administrative Agent shall be relieved of all
responsibility for the Pledged Collateral upon surrendering it or tendering the surrender of it to
the Pledgors. The Domestic Administrative Agent shall be deemed to have exercised reasonable care
in the custody and preservation of the Pledged Collateral in its possession if such Pledged
Collateral is accorded treatment substantially equal to that which the Domestic Administrative
Agent accords its own property, which shall be no less than the treatment employed by a reasonable
and prudent agent in the industry, it being understood that the Domestic Administrative Agent shall
not have responsibility for (i) ascertaining or taking action with respect to calls, conversions,
exchanges, maturities, tenders or other matters relating to any Pledged Collateral, whether or not
the Domestic Administrative Agent has or is deemed to have knowledge of such matters, or (ii)
taking any necessary steps to preserve rights against any parties with respect to any of the
Pledged Collateral.

     (d) Voting Rights in Respect of the Pledged Collateral.

     (i) So long as no Event of Default shall have occurred and be continuing, each
Pledgor may exercise any and all voting and other consensual rights pertaining to the
Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent
with the terms of this Pledge Agreement or the Credit Agreement; and

     (ii) Upon the occurrence and during the continuance of an Event of Default and upon
notice to the applicable Pledgor from the Domestic Administrative Agent, all rights of a
Pledgor to exercise the voting and other consensual rights that it would otherwise be
entitled to exercise pursuant to paragraph (i) of this subsection shall cease and all such
rights shall thereupon become vested in the Domestic Administrative Agent, which shall then
have the sole right to exercise such voting and other consensual rights.

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     (e) Dividend Rights in Respect of the Pledged Collateral.

     (i) So long as no Event of Default shall have occurred and be continuing and subject
to Section 4(b) hereof, each Pledgor may receive and retain any and all dividends
and distributions (other than stock dividends and other dividends and distributions
constituting Pledged Collateral addressed hereinabove) or interest paid in respect of the
Pledged Collateral to the extent they are allowed under the Credit Agreement.

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

     (A) all rights of a Pledgor to receive the dividends, distributions and
interest payments that it would otherwise be authorized to receive and retain
pursuant to paragraph (i) of this subsection shall cease and all such rights shall
thereupon be vested in the Domestic Administrative Agent, which shall then have the
sole right to receive and hold as Pledged Collateral such dividends, distributions
and interest payments; and

     (B) all dividends and interest payments that are received by a Pledgor
contrary to the provisions of paragraph (A) of this subsection shall be received in
trust for the benefit of the Domestic Administrative Agent, shall be segregated
from other property or funds of such Pledgor, and shall be forthwith paid over to
the Domestic Administrative Agent as Pledged Collateral in the exact form received,
to be held by the Domestic Administrative Agent as Pledged Collateral and as
further collateral security for the Secured Obligations.

     (f) Release of Pledged Collateral. The Domestic Administrative Agent may release any of the
Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other
Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or
security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted,
and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly
released or substituted.

     10. Application of Proceeds. Upon the occurrence and during the continuation of an
Event of Default, any payments in respect of the Secured Obligations and any proceeds of the
Pledged Collateral, when received by the Domestic Administrative Agent or any of the Secured
Parties in cash or its equivalent, will be applied in reduction of the Secured Obligations in the
order set forth in Section 9.03 of the Credit Agreement, and each Pledgor irrevocably
waives the right to direct the application of such payments and proceeds and acknowledges and
agrees that the Domestic Administrative Agent shall have the continuing and exclusive right to
apply and reapply any and all such payments and proceeds in the Domestic Administrative Agent’s
sole discretion, notwithstanding any entry to the contrary upon its books and records.

     11. Continuing Agreement.

     (a) This Pledge Agreement shall be a continuing agreement in every respect and shall remain
in full force and effect so long as any of the Secured Obligations remains outstanding and until
all of the commitments relating thereto have been terminated. Upon payment or other satisfaction
of all Secured Obligations and termination of all commitments relating thereto, this Pledge
Agreement shall be automatically terminated and the Domestic Administrative Agent and the Secured
Parties shall, upon the request and at the expense of the Pledgors, forthwith release all of its
liens and security interests hereunder, shall return all certificates or instruments pledged
hereunder and shall execute and deliver all

10

 

UCC termination statements and/or other documents reasonably requested by the Pledgors evidencing
such termination. Notwithstanding the foregoing, all releases and indemnities provided hereunder
shall survive termination of this Pledge Agreement.

     (b) This Pledge Agreement shall continue to be effective or be automatically reinstated, as
the case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is
rescinded or must otherwise be restored or returned by the Domestic Administrative Agent or any
Secured Party as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency
or similar law, all as though such payment had not been made; provided that in the event payment of
all or any part of the Secured Obligations is rescinded or must be restored or returned, all costs
and expenses (including, without limitation, attorneys’ fees and disbursements) incurred by the
Domestic Administrative Agent or any Secured Party in defending and enforcing such reinstatement
shall be deemed to be included as a part of the Secured Obligations.

     12. Amendments and Waivers. This Pledge Agreement and the provisions hereof may not
be amended, waived, modified, changed, discharged or terminated except as set forth in Section
11.01 of the Credit Agreement.

     13. Successors in Interest. This Pledge Agreement shall create a continuing security
interest in the Pledged Collateral and shall be binding upon each Pledgor, its successors and
assigns, and shall inure, together with the rights and remedies of the Domestic Administrative
Agent and the Secured Parties hereunder, to the benefit of the Domestic Administrative Agent and
the Secured Parties and their successors and permitted assigns; provided, however, that,
except as provided in the Credit Agreement, none of the Pledgors may assign its rights or delegate
its duties hereunder without the prior written consent of the requisite Lenders under the Credit
Agreement.

     14. Notices. All notices required or permitted to be given under this Pledge
Agreement shall be given as provided in Section 11.02 of the Credit Agreement.

     15. Counterparts. This Pledge Agreement may be executed in any number of
counterparts, each of which where so executed and delivered shall be an original, but all of which
shall constitute one and the same instrument. It shall not be necessary in making proof of this
Pledge Agreement to produce or account for more than one such counterpart.

     16. Headings. The headings of the sections and subsections hereof are provided for
convenience only and shall not in any way affect the meaning or construction of any provision of
this Pledge Agreement.

     17. Governing Law; Submission to Jurisdiction; Venue.

     (a) THIS PLEDGE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW
OF THE STATE OF NEW YORK) WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS PLEDGE AGREEMENT OR ANY OTHER LOAN
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF
THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION AND

11

 

DELIVERY OF THIS PLEDGE AGREEMENT, EACH PLEDGOR AND THE DOMESTIC ADMINISTRATIVE AGENT, ON BEHALF OF
ITSELF AND EACH SECURED PARTY, CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE
NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PLEDGOR AND THE DOMESTIC ADMINISTRATIVE AGENT, ON
BEHALF OF ITSELF AND EACH SECURED PARTY, IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION
TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS
PLEDGE AGREEMENT OR ANY OTHER LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. EACH PLEDGOR AND THE
DOMESTIC ADMINISTRATIVE AGENT, ON BEHALF OF ITSELF AND EACH SECURED PARTY, WAIVES PERSONAL SERVICE
OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE
LAW OF SUCH STATE.

     18. Waiver of Right to Trial by Jury.

     EACH PARTY TO THIS PLEDGE AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS PLEDGE AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO THIS PLEDGE AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR THE
TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING,
AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS
THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A
JURY, AND THAT ANY PARTY TO THIS PLEDGE AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE
WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

     19. Severability. If any provision of this Pledge Agreement is determined to be
illegal, invalid or unenforceable, such provision shall be fully severable and the remaining
provisions shall remain in full force and effect and shall be construed without giving effect to
the illegal, invalid or unenforceable provisions.

     20. Entirety. This Pledge Agreement, the other Loan Documents and the other documents
relating to the Secured Obligations represent the entire agreement of the parties hereto and
thereto, and supersede all prior agreements and understandings, oral or written, if any, including
any commitment letters or correspondence relating to the Loan Documents, any other documents
relating to the Secured Obligations, or the transactions contemplated herein and therein.

     21. Survival. All representations and warranties of the Pledgors hereunder shall
survive the execution and delivery of this Pledge Agreement, the other Loan Documents and the
other documents relating to the Secured Obligations, the delivery of the Notes and the extension
of credit thereunder or in connection therewith.

     22. Other Security. To the extent that any of the Secured Obligations are now or
hereafter secured by property other than the Pledged Collateral (including, without limitation,
real and other personal property owned by a Pledgor), or by a guarantee, endorsement or property
of any other Person,

12

 

then to the maximum extent permitted by applicable law the Domestic Administrative Agent shall
have the right to proceed against such other property, guarantee or endorsement upon the
occurrence and during the continuance of any Event of Default, and the Domestic Administrative
Agent shall have the right, in its sole discretion, to determine which rights, security, liens,
security interests or remedies the Domestic Administrative Agent shall at any time pursue,
relinquish, subordinate, modify or take with respect thereto, without in any way modifying or
affecting any of them or the Secured Obligations or any of the rights of the Domestic
Administrative Agent or the Secured Parties under this Pledge Agreement, under any of the other
Loan Documents or under any other document relating to the Secured Obligations.

     23. Joint and Several Obligations of Pledgors.

     (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration
of the financial accommodation to be provided by the Secured Parties, for the mutual benefit,
directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each
of the Pledgors to accept joint and several liability for the obligations of each of them.

     (b) Each of the Pledgors jointly and severally hereby irrevocably and unconditionally
accepts, not merely as a surety but also as a co-debtor, joint and several liability with the
other Pledgors with respect to the payment and performance of all of the Secured Obligations
arising under this Pledge Agreement, the other Loan Documents and any other documents relating to
the Secured Obligations, it being the intention of the parties hereto that all the Secured
Obligations shall be the joint and several obligations of each of the Pledgors without preferences
or distinction among them.

     (c) Notwithstanding any provision to the contrary contained herein, in any other of the Loan
Documents or in any other documents relating to the Secured Obligations, the obligations of each
Guarantor under the Credit Agreement, the other Loan Documents and the documents relating to the
Secured Obligations shall be limited to an aggregate amount equal to the largest amount that would
not render such obligations subject to avoidance under Section 548 of the Bankruptcy Code or any
comparable provisions of any applicable state law.

[Signature Pages Follow]

13

 

     Each of the parties hereto has caused a counterpart of this Canadian Pledge Agreement to be
duly executed and delivered as of the date first above written.

	 	 	 	 	 
	PLEDGORS: 	
EMS TECHNOLOGIES CANADA, LTD.,

a Canadian federal corporation

 	 
	 	By:  	/s/ Don T. Scartz
 	 
	 	 	Name:  	Don T. Scartz 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	 	990834 ONTARIO INC.,

an Ontario corporation

 	 
	 	By:  	Don T. Scartz
 	 
	 	 	Name:  	Don T. Scartz 	 
	 	 	Title:  	President and Director 	 

EMS TECHNOLOGIES, INC.

CANADIAN PLEDGE AGREEMENT

 

 

	 	 	 	 	 

Accepted and agreed to as of the date first above written.

	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION, 

as Domestic Administrative Agent

 	 	 
	By:  	/s/ Anne M. Zeschke
 	 	 
	 	Name:  	Anne M. Zeschke 	 	 
	 	Title:  	Assistant Vice President 	 	 

EMS TECHNOLOGIES, INC.

DOSMESTIC PLEDGE AGREEMENT

 

 

	 	 	 	 	 

SCHEDULE 2(a)

EQUITY INTERESTS

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Percentage
	 	 	 	 	 	 	Number of	 	 	 	 	 	Ownership
	Pledgor	 	Issuer	 	Shares/Units	 	Certificate Number	 	Pledged
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	EMS TECHNOLOGIES,
INC.
	 	LXE, INC.	 	 	2,500,000	 	 	 	2	 	 	 	100	%
	EMS TECHNOLOGIES,
INC.
	 	990834 ONTARIO INC.	 	 	65	 	 	 	4	 	 	 	65	%
	LXE INC.
	 	LXE (UK) LIMITED	 	 	325,000	 	 	 	3	 	 	 	65	%
	LXE INC.
	 	LXE BELGIUM NV	 	 	9454	 	 	 	N/A	 	 	 	65	%
	LXE INC.
	 	LXE GMBH	 	 	*	 	 	 	*	 	 	 	65	%
	LXE INC.
	 	LXE ITALIA SRL	 	 	*	 	 	 	*	 	 	 	65	%
	LXE INC.
	 	LXE SCANDANAVIA AB	 	 	23,075	 	 	 	N/A	 	 	 	65	%
	LXE INC.
	 	LXE NETHERLANDS B. V.	 	 	*	 	 	 	*	 	 	 	65	%

 

			
	*	 	To be delivered pursuant to Section 7.16 of the Credit Agreement.

 

 

EXHIBIT 4(a)

FORM OF IRREVOCABLE STOCK POWER

     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to
the following shares of capital stock of                                                                                , a                                          corporation:

	 	 	 
	Number of Shares

	 	Certificate Number
	 
	 	 

and irrevocably appoints                                                                                                      its agent and attorney-in-fact to
transfer all or any part of such capital stock and to take all necessary and appropriate action to
effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more
persons to act for him.

	 	 	 	 	 
	 	[HOLDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:EX-4.7

Exhibit 4.7

DOMESTIC SECURITY AGREEMENT

     THIS DOMESTIC SECURITY AGREEMENT dated as of February 29, 2008 (as amended, modified, restated
or supplemented from time to time, the “Security Agreement”) is by and among the parties
identified as “Grantors” on the signature pages hereto and such other parties as may become
Grantors hereunder after the date hereof (individually a “Grantor”, and collectively the
“Grantors”) and Bank of America, National Association, as domestic administrative agent (in
such capacity, the “Domestic Administrative Agent”) for the Secured Parties (defined
below).

WITNESSETH

     WHEREAS, credit facilities have been established in favor of EMS Technologies, Inc. a Georgia
corporation (“EMS”) and EMS Technologies Canada, Ltd., a Canadian federal corporation (the
“Canadian Borrower” and together with EMS, the “Borrowers”) pursuant to the terms
of that certain Credit Agreement dated as of the date hereof (as amended, modified, supplemented
or extended from time to time, the “Credit Agreement”) among the Borrowers, the Guarantors
from time to time party thereto, the Lenders from time to time party thereto, Bank of America,
National Association, as Domestic Administrative Agent and Domestic L/C Issuer and Bank of
America, National Association, acting through its Canada branch, as Canadian Administrative Agent
and Canadian L/C Issuer;

     WHEREAS, this Security Agreement is required under the terms of the Credit Agreement; and

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

     1. Definitions.

     (a) Capitalized terms used and not otherwise defined herein shall have the meanings provided
in the Credit Agreement.

     (b) The following terms shall have the meanings assigned thereto in the UCC: Accession,
Account, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit
Account, Document, Electronic Chattel Paper, Equipment, Farm Products, Fixtures, General
Intangible, Goods, Instrument, Inventory, Investment Property, Letter-of-Credit Right,
Manufactured Home, Proceeds, Software, Standing Timber, Supporting Obligation and Tangible Chattel
Paper.

     (c) As used herein, the following terms shall have the meanings set forth below:

     “Collateral” has the meaning provided in Section 2 hereof.

     “Copyright License” means any written agreement, naming any Grantor as
licensor, granting any right under any Copyright.

     “Copyrights” means (a) all copyrights registered in the United States or any
other country in all Works, now existing or hereafter created or acquired, all
registrations and recordings thereof, and all applications in connection therewith,
including, without limitation, registrations, recordings and applications in the United
States Copyright Office or in any similar office or agency of the United States, any state
thereof or any other country or political subdivision thereof, and (b) all renewals
thereof.

     “Domestic Administrative Agent” has the meaning provided in the introductory
paragraph hereof.

 

 

     “Patent License” means any agreement, whether written or oral, providing for
the grant by or to a Grantor of any right to manufacture, use or sell any invention covered
by a Patent.

     “Patents” means (a) all letters patent of the United States or any other
country or any political subdivision thereof and all reissues and extensions thereof, and
(b) all applications for letters patent of the United States or any other country and all
divisions, continuations and continuations-in-part thereof.

     “Secured Obligations” means, without duplication, (i) all advances to, and
debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any
Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or
indirect (including those acquired by assumption), absolute or contingent, due or to become
due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding, (ii) all liabilities and
obligations, whenever arising, owing from any Loan Party to any Lender or an Affiliate of
any Lender arising under any Swap Contract between any Loan Party and any Lender or
Affiliate of a Lender that is permitted to be incurred pursuant to Section 8.03(d)
of the Credit Agreement, (iii) all liabilities and obligations, whenever arising, owing
from any Loan Party to any Lender or an Affiliate of any Lender arising under any Treasury
Management Agreement between any Loan Party and any Lender or an Affiliate of any Lender,
in each case howsoever evidenced, created, incurred or acquired, whether primary,
secondary, direct, contingent, or joint and several, and all obligations and liabilities
incurred in connection with collecting and enforcing the foregoing and (iv) all costs and
expenses incurred in connection with enforcement and collection of the Secured Obligations
described in the foregoing clauses (i), (ii) and (iii), including, without limitation,
reasonable attorneys’ fees and disbursements.

     “Secured Parties” means, collectively, the Lenders and any other holder of the
Secured Obligations, and “Secured Party” means any one of them.

     “Trademark License” means any agreement, written or oral, providing for the
grant by or to a Grantor of any right to use any Trademark.

     “Trademarks” means (a) all trademarks, trade names, corporate names, company
names, business names, fictitious business names, trade styles, service marks, logos and
other source or business identifiers, and the goodwill associated therewith, now existing
or hereafter adopted or acquired, all registrations and recordings thereof, and all
applications in connection therewith, whether in the United States Patent and Trademark
Office or in any similar office or agency of the United States or any other country, any
state thereof or any political subdivision thereof, or otherwise and (b) all renewals
thereof.

     “UCC” means the Uniform Commercial Code as in effect from time to time in the State of
New York.

     “Work” means any work that is subject to copyright protection pursuant to
Title 17 of the United States Code.

     2. Grant of Security Interest in the Collateral. To secure the prompt payment and
performance
in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the
Secured Obligations, each Grantor hereby grants to the Domestic Administrative Agent, for the
benefit of the Secured Parties, a continuing security interest in, and a right to set off against,
any and all right, title and interest of

2

 

such Grantor in and to all of the following, whether now owned or existing or owned, acquired, or
arising
hereafter (collectively, the “Collateral”):

     (a) all Accounts;

     (b) all cash and currency;

     (c) all Chattel Paper;

     (d) those Commercial Tort Claims identified on Schedule 2(d) attached hereto;

     (e) all Copyrights;

     (f) all Copyright Licenses;

     (g) all Deposit Accounts;

     (h) all Documents;

     (i) all Equipment;

     (j) all Fixtures;

     (k) all General Intangibles;

     (1) all Goods;

     (m) all Instruments;

     (n) all Inventory;

     (o) all Investment Property;

     (p) all Letter-of-Credit Rights;

     (q) all Patents;

     (r) all Patent Licenses;

     (s) all Software;

     (t) all Supporting Obligations;

     (u) all Trademarks;

     (v) all Trademark Licenses; and

     (w) to the extent not otherwise included, all Accessions and all Proceeds of any and
all of the foregoing.

     The Grantors and the Domestic Administrative Agent, on behalf of the Secured Parties, hereby
acknowledge and agree that the security interest created hereby in the Collateral (i)
constitutes continuing

3

 

collateral security for all of the Secured Obligations, whether now existing or hereafter arising
and (ii) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses,
Patents, Patent Licenses, Trademarks or Trademark Licenses.

     Notwithstanding anything to the contrary contained herein, the security interests granted
under this Security Agreement shall not extend to (and the following shall not be included as
Collateral) (i) Excluded Domestic Property, and (ii) any General Intangible, permit, lease,
license, contract or other Instrument of a Grantor if the grant of a security interest in such
General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated
by this Security Agreement, under the terms thereof or under applicable Law, is prohibited and
would result in the termination thereof or give the other parties thereto the right to terminate,
accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including
upon the giving of notice or the lapse of time or both); provided that (a) any such
limitation described above on the security interests granted hereunder shall only apply to the
extent that any such prohibition is not rendered ineffective pursuant to the UCC or any other
applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the
termination or elimination of any such prohibition or the requirement for any consent contained in
any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to
the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting
of any such consent, or waiving or terminating any requirement for such consent, a security
interest in such General Intangible, permit, lease, license, contract or other Instrument shall be
automatically and simultaneously granted hereunder and shall be included as Collateral hereunder.

     3. Provisions Relating to Accounts.

     (a) Anything herein to the contrary notwithstanding, each of the Grantors shall remain liable
under each of the Accounts to observe and perform all the conditions and obligations to be observed
and performed by it thereunder, all in accordance with the terms of any agreement giving rise to
each such Account. Neither the Domestic Administrative Agent nor any Secured Party shall have any
obligation or liability under any Account (or any agreement giving rise thereto) by reason of or
arising out of this Security Agreement or the receipt by the Domestic Administrative Agent or any
Secured Party of any payment relating to such Account pursuant hereto, nor shall the Domestic
Administrative Agent or any Secured Party be obligated in any manner to perform any of the
obligations of a Grantor under or pursuant to any Account (or any agreement giving rise thereto),
to make any payment, to make any inquiry as to the nature or the sufficiency of any payment
received by it or as to the sufficiency of any performance by any party under any Account (or any
agreement giving rise thereto), to present or file any claim, to take any action to enforce any
performance or to collect the payment of any amounts that may have been assigned to it or to which
it may be entitled at any time or times.

     (b) At any time after the occurrence and during the continuation of an Event of Default, (i)
the Domestic Administrative Agent shall have the right, but not the obligation, to make test
verifications of the Accounts in any manner and through any medium that it reasonably considers
advisable, and the Grantors shall furnish all such assistance and information as the Domestic
Administrative Agent may reasonably require in connection with such test verifications, (ii) upon
the Domestic Administrative Agent’s request and at the expense of the Grantors, the Grantors shall
cause independent public accountants or others satisfactory to the Domestic Administrative Agent
to furnish to the Domestic Administrative Agent reports showing reconciliations, aging and test
verifications of, and trial balances for, the Accounts and (iii) the Domestic Administrative Agent
in its own name or in the name of others may communicate with account debtors on the Accounts to
verify with them to the Domestic Administrative Agent’s satisfaction the existence, amount and
terms of any Accounts.

     4. Representations and Warranties. Each Grantor hereby represents and warrants to the
Domestic Administrative Agent, for the benefit of the Secured Parties, that so long as any of
the Secured
Obligations remains outstanding and until all of the commitments relating thereto have been
terminated:

4

 

     (a) Legal Name.

     (i) Each Grantor’s exact legal name (and for the prior five years or since the
date of its formation has been), and each Grantor’s taxpayer identification number and
organization identification number are as set forth on Schedule 6.20(c) to the
Credit Agreement.

     (ii) Each Grantor’s state of formation is (and for the prior five years or since the
date of its formation has been) as set forth on Schedule 6.20(c) to the Credit
Agreement.

     (iii) Other than as set forth on Schedule 6.20(c) to the Credit Agreement, no
Grantor has been party to a merger, consolidation or other change in structure or used any
tradename in the prior five years.

     (b) Ownership. Each Grantor is the legal and beneficial owner of its Collateral and
has the right to pledge, sell, assign or transfer the same.

     (c) Security Interest/Priority. This Security Agreement creates a valid security
interest in favor of the Domestic Administrative Agent, for the benefit of the Secured Parties, in
the Collateral of such Grantor and, when properly perfected by filing, shall constitute a valid,
perfected security interest in such Collateral, to the extent such security interest can be
perfected by filing under the UCC, free and clear of all Liens except for Permitted Liens.

     (d) Types of Collateral. None of the Collateral consists of, or is the Accessions or
the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes, or
Standing Timber.

     (e) Accounts. With respect to the Accounts of the Grantors reflected as accounts
receivable on the consolidated balance sheet of EMS and its Subsidiaries most recently delivered
to the Domestic Administrative Agent pursuant to the Credit Agreement, (i) each Account of the
Grantors and the papers and documents relating thereto are genuine and in all material respects
what they purport to be, (ii) each Account arises out of (A) a bona fide sale of goods sold and
delivered by such Grantor (or is in the process of being delivered) or (B) services theretofore
actually rendered by such Grantor to, the account debtor named therein, (iii) any Account of a
Grantor evidenced by any Instrument or Chattel Paper has, to the extent requested by the Domestic
Administrative Agent, been endorsed over and delivered to, or submitted to the control of, the
Domestic Administrative Agent and (iv) no surety bond was required or given in connection with any
Account of a Grantor or the contracts or purchase orders out of which they arose.

     (f) Inventory. No Inventory of a Grantor is held by any Person other than a Grantor
pursuant to consignment, sale or return, sale on approval or similar arrangement.

     (g) Copyrights, Patents and Trademarks.

     (i) Schedule 6.17 to the Credit Agreement includes all Copyrights,
Copyright
Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses owned by any Grantor
in its own name, or to which any Grantor is a party, as of the date hereof (other than
with respect to off-the-shelf software) and registered in the name of such Grantor.

     (ii) Each Copyright, Patent and Trademark is valid, subsisting, unexpired,
enforceable and has not been abandoned as of the date hereof.

5

 

     (iii) Except as set forth in Schedule 6.17 to the Credit Agreement,
none of the Copyrights, Patents and Trademarks is the subject of any licensing or
franchise agreement as of the date hereof (other than with respect to off-the-shelf
software).

     (iv) No holding, decision or judgment has been rendered by any Governmental
Authority that would limit, cancel or question the validity of any Copyright,
Patent or Trademark.

     (v) No action or proceeding is pending seeking to limit, cancel or question
the validity of any Copyright, Patent or Trademark, or that, if adversely
determined, could reasonably be expected to have a material adverse effect on the
value of any Copyright, Patent or Trademark.

     (vi) All applications pertaining to the Copyrights, Patents and Trademarks of
each Grantor have been duly and properly filed, and all registrations or letters
pertaining to such Copyrights, Patents and Trademarks have been duly and properly
filed and issued, and all of such Copyrights, Patents and Trademarks are valid and
enforceable.

     (vii) No Grantor has made any assignment or agreement in conflict with the
security interest in the Copyrights, Patents or Trademarks of any Grantor
hereunder.

     (h) Commercial Tort Claims. Such Grantor has no commercial tort claims other
than (i) those listed on Schedule 2(d). or (ii) as to which the actions required by
Section 5(k) have been taken.

     5. Covenants. Each Grantor covenants that, so long as any of the Secured Obligations
remains

     outstanding and until all of the commitments relating thereto have been terminated, such Grantor
shall:

     (a) Other Liens. Defend the Collateral against Liens therein other than
Permitted Liens.

     (b) Instruments/Tangible Chattel Paper/Documents. If any amount payable under
or in connection with any of the Collateral shall be or become evidenced by any Instrument
or Tangible Chattel Paper, or if any property constituting Collateral shall be stored or
shipped subject to a Document, (i) ensure that such Instrument, Tangible Chattel Paper or
Document is either in the possession of such Grantor at all times or, if requested by the
Domestic Administrative Agent, is immediately delivered to the Domestic Administrative
Agent, duly endorsed in a manner satisfactory to the Domestic Administrative Agent and (ii)
ensure that any Collateral consisting of Tangible Chattel Paper is marked with a legend
acceptable to the Domestic Administrative Agent indicating the Domestic Administrative
Agent’s security interest in such Tangible Chattel Paper.

     (c) Change in Structure, Location or Type. Not, without providing ten days
prior written notice to the Domestic Administrative Agent (i) change its name or state of
formation, (ii) be party to a merger, consolidation or other change in structure except as
permitted by the Credit Agreement or (iii) use any tradename other than as set forth on
Schedule 6.20(c) to the Credit Agreement.

     (d) Perfection of Security Interest. Execute and deliver to the Domestic
Administrative Agent such agreements, assignments or instruments and do all such other
things as the Domestic Administrative Agent may reasonably deem necessary, appropriate or
convenient (i) to assure to the Domestic Administrative Agent the effectiveness, perfection
and priority of its security interests in the Collateral hereunder, including (A) such
instruments as the Domestic Administrative Agent may

6

 

from time to time reasonably request in order to perfect and maintain the security interests
granted hereunder in accordance with the UCC, (B) with regard to Copyrights, a Notice of Grant of
Security Interest in Copyrights for filing with the United States Copyright Office in the form of
Exhibit 5(d)(1) attached hereto, (C) with regard to Patents, a Notice of Grant of Security
Interest in Patents for filing with the United States Patent and Trademark Office in the form of
Exhibit 5(d)(ii) attached hereto and (D) with regard to Trademarks registered with the
United States Patent and Trademark Office and all applications for Trademarks filed with the United
States Patent and Trademark Office, a Notice of Grant of Security Interest in Trademarks for filing
with the United States Patent and Trademark Office in the form of Exhibit 5(d)(iii)
attached hereto, (ii) to consummate the transactions contemplated hereby and (iii) to otherwise
protect and assure the Domestic Administrative Agent of its rights and interests hereunder. To that
end, each Grantor authorizes the Domestic Administrative Agent to file one or more financing
statements (with collateral descriptions broader, including without limitation “all assets” and/or
“all personal property” collateral descriptions, and/or less specific than the description of the
Collateral contained herein) disclosing the Domestic Administrative Agent’s security interest in
any or all of the Collateral of such Grantor without such Grantor’s signature thereon, and further
each Grantor also hereby irrevocably makes, constitutes and appoints the Domestic Administrative
Agent, its nominee or any other Person whom the Domestic Administrative Agent may designate, as
such Grantor’s attorney-in-fact with full power and for the limited purpose to sign in the name of
such Grantor any such financing statements (including renewal statements), amendments and
supplements, notices or any similar documents that in the Domestic Administrative Agent’s
reasonable discretion would be necessary, appropriate or convenient in order to perfect and
maintain perfection of the security interests granted hereunder, such power, being coupled with an
interest, being and remaining irrevocable so long as the Secured Obligations remain unpaid and
until the commitments relating thereto shall have been terminated. Each Grantor hereby agrees that
a carbon, photographic or other reproduction of this Security Agreement or any such financing
statement is sufficient for filing as a financing statement by the Domestic Administrative Agent
without notice thereof to such Grantor wherever the Domestic Administrative Agent may in its sole
discretion desire to file the same. In the event for any reason the law of any jurisdiction other
than New York becomes or is applicable to the Collateral of any Grantor or any part thereof, or to
any of the Secured Obligations, such Grantor agrees to execute and deliver all such instruments and
to do all such other things as the Domestic Administrative Agent in its sole discretion reasonably
deems necessary, appropriate or convenient to preserve, protect and enforce the security interests
of the Domestic Administrative Agent under the law of such other jurisdiction (and, if a Grantor
shall fail to do so promptly upon the request of the Domestic Administrative Agent, then the
Domestic Administrative Agent may execute any and all such requested documents on behalf of such
Grantor pursuant to the power of attorney granted hereinabove). If any Collateral is in the
possession or control of a Grantor’s agents and the Domestic Administrative Agent so requests, such
Grantor agrees to notify such agents in writing of the Domestic Administrative Agent’s security
interest therein and, upon the Domestic Administrative Agent’s request, instruct them to hold all

such Collateral for the account of the Secured Parties, subject to the Domestic Administrative
Agent’s instructions. Each Grantor agrees to mark its books and records to reflect the security
interest of the Domestic Administrative Agent in the Collateral.

     (e) Control. Execute and deliver (and cause to be executed and delivered) all
agreements, assignments, instruments or other documents as the Domestic Administrative Agent shall
reasonably request for the purpose of obtaining and maintaining control within the meaning of the
UCC with respect to any Collateral consisting of Deposit Accounts, Investment Property,
Letter-of-Credit Rights and Electronic Chattel Paper.

     (f) Collateral held by Warehouseman, Bailee, etc. If any Collateral is at any time in
the possession or control of a warehouseman, bailee, agent or processor of such Grantor and is
expected to remain in possession and control of such third party, (i) notify the Domestic
Administrative Agent

7

 

of such possession or control, (ii) notify such Person of the Domestic Administrative Agent’s
security interest in such Collateral, (iii) instruct such Person to hold all such Collateral for
the Domestic Administrative Agent’s account and subject to the Domestic Administrative Agent’s
instructions and (iv) obtain an acknowledgment from such Person that it is holding such Collateral
for the benefit of the Domestic Administrative Agent.

     (g) Treatment of Accounts. Not grant or extend the time for payment of any Account,
or compromise or settle any Account for less than the full amount thereof, or release any Person
or property, in whole or in part, from payment thereof, or allow any credit or discount thereon,
in each case other than as normal and customary in the ordinary course of a Grantor’s business or
as required by law.

     (h) Covenants Relating to Copyrights.

     (i) Not do any act or knowingly omit to do any act whereby any Copyright
owned by it may become invalidated and (A) not do any act, or knowingly omit to do any
act, whereby any Copyright owned by it may become injected into the public domain; (B)
notify the Domestic Administrative Agent immediately if it knows that any Copyright owned
by it may become injected into the public domain or of any adverse determination or
development (including, without limitation, the institution of, or any such determination
or development in, any court or tribunal in the United States or any other country)
regarding a Grantor’s ownership of any such Copyright or its validity; (C) take all
necessary steps as it shall deem appropriate under the circumstances, to maintain and
pursue each application (and to obtain the relevant registration) of each Copyright owned
by a Grantor and to maintain each registration of each Copyright owned by a Grantor
including, without limitation, filing of applications for renewal where necessary; and (D)
promptly notify the Domestic Administrative Agent of any infringement of any Copyright of
a Grantor of which it becomes aware and take such actions as it shall reasonably deem
appropriate under the circumstances to protect such Copyright, including, where
appropriate, the bringing of suit for infringement, seeking injunctive relief and seeking
to recover any and all damages for such infringement.

     (ii) Not make any assignment or agreement in conflict with the security interest in
the Copyrights of each Grantor hereunder (other than in connection with a Permitted Lien
or as otherwise provided in the Credit Agreement).

     (i) Covenants Relating to Patents and Trademarks.

     (i) (A) Continue to use each Trademark on each and every trademark class of
goods applicable to its current line as reflected in its current catalogs, brochures and
price lists in order to maintain such Trademark in full force free from any claim of
abandonment for non-use, (B) maintain as in the past the quality of products and services
offered under such Trademark, (C) employ such Trademark with the appropriate notice of
registration, if applicable, (D) not adopt or use any mark that is confusingly similar or a
colorable imitation of such Trademark unless the Domestic Administrative Agent, for the
ratable benefit of the Secured Parties, shall obtain a perfected security interest in such
Trademark pursuant to this Security Agreement, and (E) not (and not permit any licensee or
sublicensee thereof to) do any act or knowingly omit to do any act whereby any such
Trademark owned by a Grantor may become invalidated.

     (ii) Not do any act, or omit to do any act, whereby any Patent owned by a Grantor may
become abandoned or dedicated.

8

 

     (iii) Notify the Domestic Administrative Agent and the Secured Parties promptly if it
knows that any application or registration relating to any Patent or Trademark owned by a
Grantor may become abandoned or dedicated, or of any adverse determination or development
(including, without limitation, the institution of, or any such determination or
development in, any proceeding in the United States Patent and Trademark Office or any
court or tribunal in any country) regarding a Grantor’s ownership of any Patent or
Trademark or its right to register the same or to keep and maintain the same.

     (iv) Whenever a Grantor, either by itself or through an agent, employee, licensee or
designee, shall file an application for the registration of any Patent or Trademark with
the United States Patent and Trademark Office or any similar office or agency in any other
country or any political subdivision thereof, such Grantor shall report such filing to the
Domestic Administrative Agent as required by the Credit Agreement. Upon request of the
Domestic Administrative Agent, a Grantor shall execute and deliver any and all agreements,
instruments, documents and papers as the Domestic Administrative Agent may reasonably
request to evidence the security interest of the Domestic Administrative Agent and the
Secured Parties in any Patent or Trademark in the Collateral and the goodwill and general
intangibles of a Grantor relating thereto or represented thereby.

     (v) Take all reasonable and necessary steps, including, without limitation, in any
proceeding before the United States Patent and Trademark Office, or any similar office or
agency in any other country or any political subdivision thereof, to maintain and pursue
each application (and to obtain the relevant registration) and to maintain each
registration of each Patent and Trademark owned by a Grantor, including, without
limitation, filing of applications for renewal, affidavits of use and affidavits of
incontestability.

     (vi) Promptly notify the Domestic Administrative Agent after it learns that any
Patent or Trademark included in the Collateral is infringed, misappropriated or diluted by
a third party and take such actions as it shall reasonably deem appropriate under the
circumstances to protect such Patent or Trademark.

     (vii) Not make any assignment or agreement in conflict with the security interest in
the Patents or Trademarks of each Grantor hereunder (other than in connection with a
Permitted Lien or as otherwise provided in the Credit Agreement).

     (j) Insurance. Insure, repair and replace the Collateral of such Grantor as set
forth in the Credit Agreement. All insurance proceeds shall be subject to the security interest of the
Domestic Administrative Agent hereunder.

     (k) Commercial Tort Claims.

     (i) Promptly notify the Domestic Administrative Agent in writing of the
initiation of any Commercial Tort Claim before any Governmental Authority by or in favor of
such Grantor.

     (ii) Execute and deliver such statements, documents and notices and do and cause to
be done all such things as the Domestic Administrative Agent may reasonably deem
necessary, appropriate or convenient, or as are required by law, to create, perfect and
maintain the Domestic Administrative Agent’s security interest in any Commercial Tort
Claim.

9

 

     6. Advances by Domestic Administrative Agent. On failure of any Grantor to perform any
of the covenants and agreements contained herein which constitutes an Event of Default and while
such Event of Default continues, the Domestic Administrative Agent may, at its sole option and in
its sole discretion, perform the same and in so doing may expend such sums as the Domestic
Administrative Agent may reasonably deem advisable in the performance thereof, including, without
limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a
release of a Lien or potential Lien, expenditures made in defending against any adverse claim and
all other expenditures that the Domestic Administrative Agent may make for the protection of the
security hereof or that may be compelled to make by operation of law. All such sums and amounts so
expended shall be repayable by the Grantors on a joint and several basis (subject to Section
22 hereof) promptly upon timely notice thereof and demand therefor, shall constitute additional
Secured Obligations and shall bear interest from the date said amounts are expended at the Default
Rate. No such performance of any covenant or agreement by the Domestic Administrative Agent on
behalf of any Grantor, and no such advance or expenditure therefor, shall relieve the Grantors of
any default under the terms of this Security Agreement, the other Loan Documents or any other
documents relating to the Secured Obligations. The Domestic Administrative Agent may make any
payment hereby authorized in accordance with any bill, statement or estimate procured from the
appropriate public office or holder of the claim to be discharged, without inquiry into the
accuracy of such bill, statement or estimate or into the validity of any tax assessment, sale,
forfeiture, tax lien, title or claim except to the extent such payment is being contested in good
faith by a Grantor in appropriate proceedings and against which adequate reserves are being
maintained in accordance with GAAP.

     7. Remedies.

     (a) General Remedies. Upon the occurrence of an Event of Default and during the
continuation thereof, the Domestic Administrative Agent shall have, in addition to the rights and
remedies provided herein, in the Loan Documents, in any other documents relating to the Secured
Obligations, or by law (including, without limitation, levy of attachment and garnishment), the
rights and remedies of a secured party under the Uniform Commercial Code of the jurisdiction
applicable to the affected Collateral and, further, the Domestic Administrative Agent may, with or
without judicial process or the aid and assistance of others to the extent permitted by applicable
law, (i) enter on any premises on which any of the Collateral may be located and, without
resistance or interference by the Grantors, take possession of the Collateral, (ii) dispose of any
Collateral on any such premises, (iii) require the Grantors to assemble and make available to the
Domestic Administrative Agent at the expense of the Grantors any Collateral at any place and time
designated by the Domestic Administrative Agent that is reasonably convenient to both parties,
(iv) remove any Collateral from any such premises for the purpose of effecting sale or other
disposition thereof, and/or (v) without demand and without advertisement, notice, hearing or
process of law, all of which each of the Grantors hereby waives to the fullest extent permitted by
law, at any place and time or times, sell and deliver any or all Collateral held by or for it at
public or private sale, by one or more contracts, in one or more parcels, for cash, upon credit or
otherwise, at such prices and upon such terms as the Domestic Administrative Agent deems
advisable, in its sole discretion (subject to any and all mandatory legal requirements). Each of
the Grantors acknowledges that any private sale referenced above may be at prices and on terms
less favorable to the seller than the prices and terms that might have been obtained at a public
sale. In addition to all other sums due the Domestic Administrative Agent and the Secured Parties
with respect to the Secured Obligations, the Grantors shall pay the Domestic Administrative Agent
and each of the Secured Parties all reasonable documented costs and expenses incurred by the
Domestic Administrative Agent or any such Secured Party, in enforcing its remedies hereunder
including, but not limited to, attorneys’ fees and court costs, in obtaining or liquidating the
Collateral, in enforcing payment of the Secured Obligations, or in the prosecution or defense of
any action or proceeding by or against the Domestic Administrative Agent or the Secured Parties or
the Grantors concerning any matter arising out of or connected with this Security Agreement, any
Collateral or the Secured Obligations, including, without limitation, any of the foregoing arising
in, arising under or related to a case under the Debtor Relief Laws. To the extent the rights of
notice cannot be legally waived hereunder, each Grantor agrees that any requirement of reasonable
notice shall be met if such notice is personally served

10

 

on or mailed, postage prepaid, to the Borrower in accordance with the notice provisions of
Section 11.02 of the Credit Agreement at least ten Business Days before the time of sale or
other event giving rise to the requirement of such notice. The Domestic Administrative Agent shall
not be obligated to make any sale or other disposition of the Collateral regardless of notice
having been given. To the extent permitted by law, any Secured Party may be a purchaser at any such
sale. To the extent permitted by applicable law, each of the Grantors hereby waives all of its
rights of redemption with respect to any such sale. Subject to the provisions of applicable law,
the Domestic Administrative Agent and the Secured Parties may postpone or cause the postponement of
the sale of all or any portion of the Collateral by announcement at the time and place of such
sale, and such sale may, without further notice, to the extent permitted by law, be made at the
time and place to which the sale was postponed, or the Domestic Administrative Agent may further
postpone such sale by announcement made at such time and place.

     (b) Remedies relating to Accounts. Upon the occurrence of an Event of Default and
during the continuation thereof, whether or not the Domestic Administrative Agent has exercised any
or all of its rights and remedies hereunder, (i) each Grantor will promptly upon request of the
Domestic Administrative Agent instruct all account debtors to remit all payments in respect of
Accounts to a mailing location selected by the Domestic Administrative Agent and (ii) the Domestic
Administrative Agent shall have the right to enforce any Grantor’s rights against its customers and
account debtors, and the Domestic Administrative Agent or its designee may notify (or require any
Grantor to notify) any Grantor’s customers and account debtors that the Accounts of such Grantor
have been assigned to the Domestic Administrative Agent or of the Domestic Administrative Agent’s
security interest therein, and may (either in its own name or in the name of a Grantor or both)
demand, collect (including without limitation by way of a lockbox arrangement), receive, take
receipt for, sell, sue for, compound, settle, compromise and give acquittance for any and all
amounts due or to become due on any Account, and, in the Domestic Administrative Agent’s
discretion, file any claim or take any other action or proceeding to protect and realize upon the
security interest of the Secured Parties in the Accounts. Each Grantor acknowledges and agrees that
the Proceeds of its Accounts remitted to or on behalf of the Domestic Administrative Agent in
accordance with the provisions hereof shall be solely for the Domestic Administrative Agent’s own
convenience. The Domestic Administrative Agent and the Secured Parties shall have no liability or
responsibility to any Grantor for acceptance of a check, draft or other order for payment of money
bearing the legend “payment in full” or words of similar import or any other restrictive legend or
endorsement or be responsible for determining the correctness of any remittance. Each Grantor
hereby agrees to indemnify the Domestic Administrative Agent and the Secured Parties from and
against all liabilities, damages, losses, actions, claims, judgments, costs, expenses, charges and
attorneys’ fees suffered or incurred by the Domestic Administrative Agent or the Secured Parties
(each, an “Indemnified Party”) because of the maintenance of the foregoing arrangements
except as relating to or arising out of the gross negligence or willful misconduct of an
Indemnified Party or its officers, employees or agents. In the case of any investigation,
litigation or other proceeding, the foregoing indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by a Grantor, its directors, shareholders or
creditors or an Indemnified Party or any other Person or any other Indemnified Party is otherwise a
party thereto.

     (c) Access. In addition to the rights and remedies hereunder, upon the occurrence of
an Event of Default and during the continuation thereof, the Domestic Administrative Agent shall
have the right to enter and remain upon the various premises of the Grantors without cost or
charge to the Domestic Administrative Agent, and use the same, together with materials, supplies,
books and records of the Grantors for the purpose of collecting and liquidating the Collateral, or
for preparing for sale and conducting the sale of the Collateral, whether by foreclosure, auction
or otherwise. In addition, the Domestic Administrative Agent may remove Collateral, or any part
thereof, from such premises and/or any records with respect thereto, in order to effectively
collect or liquidate such Collateral.

     (d) Nonexclusive Nature of Remedies. Failure by the Domestic Administrative Agent or
the Secured Parties to exercise any right, remedy or option under this Security Agreement, any
other Loan Document, any other documents relating to the Secured Obligations, or as provided by
law, or any delay by

11

 

the Domestic Administrative Agent or the Secured Parties in exercising the same, shall not operate
as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it
is in writing, signed by the party against whom such waiver is sought to be enforced and then only
to the extent specifically stated, which in the case of the Domestic Administrative Agent or the
Secured Parties shall only be granted as provided herein. To the extent permitted by law, neither
the Domestic Administrative Agent, the Secured Parties, nor any party acting as attorney for the
Domestic Administrative Agent or the Secured Parties, shall be liable hereunder for any acts or
omissions or for any error of judgment or mistake of fact or law other than their gross negligence
or willful misconduct hereunder. The rights and remedies of the Domestic Administrative Agent and
the Secured Parties under this Security Agreement shall be cumulative and not exclusive of any
other right or remedy that the Domestic Administrative Agent or the Secured Parties may have.

     (e) Retention of Collateral. To the extent permitted under applicable law, in
addition to the rights and remedies hereunder, upon the occurrence and during the continuance of
an Event of Default, the Domestic Administrative Agent may, after providing the notices required
by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable
law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in
satisfaction of the Secured Obligations. Unless and until the Domestic Administrative Agent shall
have provided such notices, however, the Domestic Administrative Agent shall not be deemed to have
accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.

     (f) Deficiency. In the event that the proceeds of any sale, collection or realization
are insufficient to pay all amounts to which the Domestic Administrative Agent or the Secured
Parties are legally entitled, the Grantors shall be jointly and severally liable for the
deficiency (subject to Section 22 hereof), together with interest thereon at the Default
Rate, together with the costs of collection and attorneys’ fees. Any surplus remaining after the
full payment and satisfaction of the Secured Obligations shall be returned to the Grantors or to
whomsoever a court of competent jurisdiction shall determine to be entitled thereto.

     8. Rights of the Domestic Administrative Agent.

     (a) Power of Attorney. In addition to other powers of attorney contained herein, each
Grantor hereby designates and appoints the Domestic Administrative Agent, on behalf of the Secured
Parties, and each of its designees or agents, as attorney-in-fact of such Grantor, irrevocably and
with power of substitution, with authority to take any or all of the following actions upon the
occurrence and during the continuation of an Event of Default:

     (i) to demand, collect, settle, compromise and adjust, and give discharges and
releases
concerning the Collateral, all as the Domestic Administrative Agent may reasonably deem
appropriate;

     (ii) to commence and prosecute any actions at any court for the purposes of collecting
any of the Collateral and enforcing any other right in respect thereof;

     (iii) to defend, settle or compromise any action, suit or proceeding brought and, in
connection therewith, give such discharge or release as the Domestic Administrative Agent
may reasonably deem appropriate;

     (iv) to receive, open and dispose of mail addressed to a Grantor and endorse checks,
notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other
instruments or documents evidencing payment, shipment or storage of the goods giving rise
to the Collateral on behalf of and in the name of such Grantor, or securing, or relating to
such Collateral;

12

 

     (v) to pay or discharge taxes, liens, security interests or other encumbrances levied
or placed on or threatened against the Collateral;

     (vi) to direct any parties liable for any payment in connection with any of the
Collateral to make payment of any and all monies due and to become due thereunder directly
to the Domestic Administrative Agent or as the Domestic Administrative Agent shall direct;

     (vii) to receive payment of and receipt for any and all monies, claims, and other
amounts due and to become due at any time in respect of or arising out of any Collateral;

     (viii) to sell, assign, transfer, make any agreement in respect of, or otherwise deal
with or exercise rights in respect of, any Collateral or the goods or services that have
given rise thereto, as fully and completely as though the Domestic Administrative Agent
were the absolute owner thereof for all purposes;

     (ix) to adjust and settle claims under any insurance policy relating thereto;

     (x) to execute and deliver all assignments, conveyances, statements, financing
statements, renewal financing statements, security and pledge agreements, affidavits,
notices and other agreements, instruments and documents that the Domestic Administrative
Agent may reasonably deem appropriate in order to perfect and maintain the security
interests and liens granted in this Security Agreement and in order to fully consummate all
of the transactions contemplated therein;

     (xi) to institute any foreclosure proceedings that the Domestic Administrative Agent
may reasonably deem appropriate; and

     (xii) to do and perform all such other acts and things as the Domestic Administrative
Agent may reasonably deem appropriate or convenient in connection with the Collateral.

     This power of attorney is a power coupled with an interest and shall be irrevocable for so
long as any of the Secured Obligations shall remain outstanding and until all of the commitments
relating thereto shall have been terminated. The Domestic Administrative Agent shall be under no
duty to exercise or withhold the exercise of any of the rights, powers, privileges and options
expressly or implicitly granted to the Domestic Administrative Agent in this Security Agreement,
and shall not be liable for any failure to do so or any delay in doing so. The Domestic
Administrative Agent shall not be liable for any act or omission or for any error of judgment or
any mistake of fact or law in its individual capacity or its capacity as attorney-in-fact except
acts or omissions resulting from its gross negligence or willful misconduct. This power of
attorney is conferred on the Domestic Administrative Agent solely to protect, preserve and realize
upon its security interest in the Collateral.

     (b) The Domestic Administrative Agent’s Duty of Care. Other than the exercise of
reasonable care to assure the safe custody of the Collateral while being held by the Domestic
Administrative Agent hereunder and to account for all proceeds thereof, the Domestic
Administrative Agent shall have no duty or liability to preserve rights pertaining thereto, it
being understood and agreed that the Grantors shall be responsible for preservation of all rights
in the Collateral, and the Domestic Administrative Agent shall be relieved of all responsibility
for the Collateral upon surrendering it or tendering the surrender of it to the Grantors. The
Domestic Administrative Agent shall be deemed to have exercised reasonable care in the custody and
preservation of the Collateral in its possession if such Collateral is accorded treatment
substantially equal to that which the Domestic Administrative Agent accords its own property,
which shall be no less than the treatment employed by a reasonable and prudent agent in the
industry, it being understood that the Domestic Administrative Agent shall not have responsibility
for taking any necessary steps to

13

 

preserve rights against any parties with respect to any of the Collateral. In the event of a
public or private sale of Collateral pursuant to Section 7 hereof, the Domestic
Administrative Agent shall have no obligation to clean, repair or otherwise prepare the Collateral
for sale.

     9. Application of Proceeds. Upon the occurrence and during the continuation of an
Event of Default, any payments in respect of the Secured Obligations and any proceeds of the
Collateral, when received by the Domestic Administrative Agent or any of the Secured Parties in
cash or its equivalent, will be applied in reduction of the Secured Obligations in the order set
forth in Section 9.03 of the Credit Agreement, and each Grantor irrevocably waives the
right to direct the application of such payments and proceeds and acknowledges and agrees that the
Domestic Administrative Agent shall have the continuing and exclusive right to apply and reapply
any and all such payments and proceeds in the Domestic Administrative Agent’s sole discretion,
notwithstanding any entry to the contrary upon any of its books and records.

     10. Continuing Agreement.

     (a) This Security Agreement shall be a continuing agreement in every respect and shall remain
in full force and effect so long as any of the Secured Obligations remains outstanding and until
all of the commitments relating thereto have been terminated. Upon payment or other satisfaction
of all Secured Obligations and termination of the commitments related thereto, this Security
Agreement and the liens and security interests of the Domestic Administrative Agent hereunder
shall be automatically terminated and the Domestic Administrative Agent shall, upon the request
and at the expense of the Grantors, execute and deliver all UCC termination statements and/or
other documents reasonably requested by the Grantors evidencing such termination and return to
Grantors all Collateral in its possession. Notwithstanding the foregoing, all releases and
indemnities provided hereunder shall survive termination of this Security Agreement.

     (b) This Security Agreement shall continue to be effective or be automatically reinstated, as
the case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is
rescinded or must otherwise be restored or returned by the Domestic Administrative Agent or any
Secured Party as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency
or similar law, all as though such payment had not been made; provided that in the event payment
of all or any part of the Secured Obligations is rescinded or must be restored or returned, all
costs and expenses (including, without limitation, attorneys’ fees and disbursements) incurred by
the Domestic Administrative Agent or any Secured Party in defending and enforcing such
reinstatement shall be deemed to be included as a part of the Secured Obligations.

     11. Amendments and Waivers. This Security Agreement and the provisions hereof may
not be amended, waived, modified, changed, discharged or terminated except as set forth in
Section 11.01 of the Credit Agreement.

     12. Successors in Interest. This Security Agreement shall create a continuing
security interest in the Collateral and shall be binding upon each Grantor, its successors and
assigns, and shall inure, together with the rights and remedies of the Domestic Administrative
Agent and the Secured Parties hereunder, to the benefit of the Domestic Administrative Agent and
the Secured Parties and their successors and permitted assigns; provided, however,
none of the Grantors may assign its rights or delegate its duties hereunder without the prior
written consent of the requisite Lenders under the Credit Agreement.

     13. Notices. All notices required or permitted to be given under this Security
Agreement shall be given as provided in Section 11.02 of the Credit Agreement.

     14. Counterparts. This Security Agreement may be executed in any number of
counterparts, each of which where so executed and delivered shall be an original, but all of which
shall constitute one and

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the same instrument. It shall not be necessary in making proof of this Security Agreement to
produce or account for more than one such counterpart.

     15. Headings. The headings of the sections and subsections hereof are provided for
convenience only and shall not in any way affect the meaning or construction of any provision of
this Security Agreement.

     16. Governing Law; Submission to Jurisdiction; Venue.

     (a) THIS SECURITY AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH
STATE; PROVIDED THAT THE DOMESTIC ADMINISTRATIVE AGENT AND EACH SECURED PARTY SHALL RETAIN
ALL RIGHTS ARISING UNDER FEDERAL LAW.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS SECURITY AGREEMENT OR ANY OTHER LOAN
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK, NEW YORK OR OF
THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS
SECURITY AGREEMENT, EACH GRANTOR AND THE DOMESTIC ADMINISTRATIVE AGENT, ON BEHALF OF ITSELF AND
EACH SECURED PARTY, CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE
JURISDICTION OF THOSE COURTS. EACH GRANTOR AND THE DOMESTIC ADMINISTRATIVE AGENT, ON BEHALF OF
ITSELF AND EACH SECURED PARTY, IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE
LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS SECURITY
AGREEMENT OR ANY OTHER LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. EACH GRANTOR AND THE
DOMESTIC ADMINISTRATIVE AGENT, ON BEHALF OF ITSELF AND EACH SECURED PARTY, WAIVES PERSONAL SERVICE
OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE
LAW OF SUCH STATE.

     17. Waiver of Right to Trial by Jury.

     EACH PARTY TO THIS SECURITY AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF
ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS SECURITY AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR THE
TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING,
AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS
THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A
JURY, AND THAT ANY PARTY TO THIS SECURITY AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF
THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT

     18. Severability. If any provision of this Security Agreement is determined to be
illegal, invalid or unenforceable, such provision shall be fully severable and the remaining provisions shall
remain in full force and effect and shall be construed without giving effect to the illegal, invalid or
unenforceable provisions.

15

 

     19. Entirety. This Security Agreement, the other Loan Documents and the other
documents relating to the Secured Obligations represent the entire agreement of the parties hereto
and thereto, and supersede all prior agreements and understandings, oral or written, if any,
including any commitment letters or correspondence relating to the Loan Documents, any other
documents relating to the Secured Obligations, or the transactions contemplated herein and
therein.

     20. Survival. All representations and warranties of the Grantors hereunder shall
survive the execution and delivery of this Security Agreement, the other Loan Documents and the
other documents relating to the Secured Obligations, the delivery of the Notes and the extension
of credit thereunder or in connection therewith.

     21. Other Security. To the extent that any of the Secured Obligations are now or
hereafter secured by property other than the Collateral (including, without limitation, real
property and securities owned by a Grantor), or by a guarantee, endorsement or property of any
other Person, then to the extent permitted by applicable law the Domestic Administrative Agent
shall have the right to proceed against such other property, guarantee or endorsement upon the
occurrence and during the continuation of any Event of Default, and the Domestic Administrative
Agent shall have the right, in its sole discretion, to determine which rights, security, liens,
security interests or remedies the Domestic Administrative Agent shall at any time pursue,
relinquish, subordinate, modify or take with respect thereto, without in any way modifying or
affecting any of them or the Secured Obligations or any of the rights of the Domestic
Administrative Agent or the Secured Parties under this Security Agreement, under any of the other
Loan Documents or under any other document relating to the Secured Obligations.

     22. Joint and Several Obligations of Grantors.

     (a) Subject to subsection (c) of this Section 22, each of the Grantors is accepting
joint and several liability hereunder in consideration of the financial accommodation to be
provided by the Secured Parties, for the mutual benefit, directly and indirectly, of each of the
Grantors and in consideration of the undertakings of each of the Grantors to accept joint and
several liability for the obligations of each of them.

     (b) Subject to subsection (c) of this Section 22, each of the Grantors jointly and
severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a
co-debtor, joint and several liability with the other Grantors with respect to the payment and
performance of all of the Secured Obligations arising under this Security Agreement, the other
Loan Documents and any other documents relating to the Secured Obligations, it being the intention
of the parties hereto that all the Secured Obligations shall be the joint and several obligations
of each of the Grantors without preferences or distinction among them.

     (c) Notwithstanding any provision to the contrary contained herein, in any other of the Loan
Documents or in any other documents relating to the Secured Obligations, the obligations of each
Grantor under the Credit Agreement, the other Loan Documents and the other documents relating to
the Secured Obligations shall be limited to an aggregate amount equal to the largest amount that
would not render such obligations subject to avoidance under Section 548 of the United States
Bankruptcy Code or any comparable provisions of any applicable state law.

[Signature Pages Follow]

16

 

     Each of the parties hereto has caused a counterpart of this Security Agreement
to be duly executed and delivered as of the date first above written.

	 	 	 	 	 
	GRANTORS: 	EMS TECHNOLOGIES, INC.,
a Georgia corporation

 	 
	 	By:  	
/s/ Don T. Scartz
 	 
	 	 	Name:  	Don T. Scartz 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	LXE INC.,
a Georgia corporation

 	 
	 	By:  	/s/ Don T. Scartz
 	 
	 	 	Name:  	Don T. Scartz 	 
	 	 	Title:  	Treasurer and Assistant Secretary 	 
	 

EMS TECHNOLOGIES, INC.

DOMESTIC SECURITY AGREEMENT

 

Accepted and agreed to as of the date first above written.

	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION,
as Domestic Administrative Agent

 	 	 
	By:  	/s/ Anne M. Zeschke
 	 	 
	 	Name:  	Anne M. Zeschke 	 	 
	 	Title:  	Assistant Vice President 	 	 
	 

EMS TECHNOLOGIES, INC.

DOMESTIC SECURITY AGREEMENT

 

SCHEDULE 2(d)

COMMERCIAL TORT CLAIMS

None.

 

EXHIBIT 5(d)(i)

NOTICE

OF

GRANT OF SECURITY INTEREST

IN

COPYRIGHTS

United States Copyright Office

Ladies and Gentlemen:

     Please be advised that pursuant to the Domestic Security Agreement dated as of February 29,
2008 (as the same may be amended, modified, restated or supplemented from time to time, the
“Security Agreement”) by and among the Grantors from time to time party thereto (each an
“Grantor” and collectively, the “Grantors”) and Bank of America, National
Association, as Domestic Administrative Agent (the “Domestic Administrative Agent”) for the
Secured Parties referenced therein, the undersigned Grantor has granted a continuing security
interest in and continuing lien upon, the copyrights and copyright applications shown on
Schedule 1 attached hereto to the Domestic Administrative Agent for the ratable benefit of
the Secured Parties.

     The undersigned Grantor and the Domestic Administrative Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest in the copyrights and copyright
applications set forth on Schedule 1 attached hereto (i) may only be terminated in
accordance with the terms of the Security Agreement and (ii) is not to be construed as an
assignment of any copyright or copyright application.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	[Grantor]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and Accepted:

	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION,

as Domestic Administrative Agent 	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

 

	 	 	 	 	 

EXHIBIT 5(d)(ii)

NOTICE

OF

GRANT OF SECURITY INTEREST

IN

PATENTS

United States Patent and Trademark Office

Ladies and Gentlemen:

     Please be advised that pursuant to the Domestic Security Agreement dated as of February 29,
2008 (as the same may be amended, modified, restated or supplemented from time to time, the
“Security Agreement”) by and among the Grantors from time to time party thereto (each an
“Grantor” and collectively, the “Grantors”) and Bank of America, National
Association, as Domestic Administrative Agent (the “Domestic Administrative Agent”) for the
Secured Parties referenced therein, the undersigned Grantor has granted a continuing security
interest in and continuing lien upon, the patents and patent applications set forth on Schedule
1 attached hereto to the Domestic Administrative Agent for the ratable benefit of the Secured
Parties.

     The undersigned Grantor and the Domestic Administrative Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest in the patents and patent
applications set forth on Schedule 1 attached hereto (i) may only be terminated in
accordance with the terms of the Security Agreement and (ii) is not to be construed as an
assignment of any patent or patent application.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	[Grantor]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and Accepted:

	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION,
as Domestic Administrative Agent
	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

 

EXHIBIT 5(d)(iii)

NOTICE

OF

GRANT OF SECURITY INTEREST

IN

TRADEMARKS

United States Patent and Trademark Office

Ladies and Gentlemen:

     Please be advised that pursuant to the Domestic Security Agreement dated as of February 29,
2008 (as the same may be amended, modified, restated or supplemented from time to time, the
“Security Agreement”) by and among the Grantors from time to time party thereto
(each an “Grantor” and collectively, the “Grantors”) and Bank of America, National
Association, as Domestic Administrative Agent (the “Domestic Administrative Agent”) for the
Secured Parties referenced therein, the undersigned Grantor has granted a continuing security
interest in and continuing lien upon, the trademarks and trademark applications set forth on
Schedule 1 attached hereto to the Domestic Administrative Agent for the ratable benefit of
the Secured Parties.

     The undersigned Grantor and the Domestic Administrative Agent, on behalf of the Secured
Parties, hereby acknowledge and agree that the security interest in the trademarks and trademark
applications set forth on Schedule 1 attached hereto (i) may only be terminated in accordance with
the terms of the Security Agreement and (ii) is not to be construed as an assignment of any
trademark or trademark application.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	[Grantor]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and Accepted:

	 	 	 	 	 
	BANK OF AMERICA, NATIONAL ASSOCIATION,

as Domestic Administrative Agent
	 	 
	 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:

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