SEC Contract Filing

Filing Date: 2020-08-26

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>astc-ex104_7.htm
<DESCRIPTION>EX-10.4
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.4</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">OMNIBUS AMENDMENT TO SUBSIDIARY GUARANTEES</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Omnibus Amendment to Subsidiary Guarantees (this &#8220;<font style="text-decoration:underline;">Amendment</font>&#8221;) is made effective as of September 5, 2020 (the &#8220;<font style="text-decoration:underline;">Amendment Effective Date</font>&#8221;), by each of the signatories hereto (together with any other entity that may become a party hereto as provided herein, the &#8220;<font style="text-decoration:underline;">Guarantors</font>&#8221;), in favor of <font style="color:#000000;">the holder of (1) the Secured Promissory Note issued by Astrotech Corporation, a Delaware corporation (the &#8220;</font><font style="text-decoration:underline;color:#000000;">Company</font><font style="color:#000000;">&#8221;), dated September 5, 2019, in the original aggregate principal amount of $1,500,000 (the &#8220;</font><font style="text-decoration:underline;color:#000000;">2019 Note</font><font style="color:#000000;">&#8221;) </font>and (2) the Secured Promissory Note issued by the Company, dated February 13, 2020, in the original aggregate principal amount of One Million Dollars ($1,000,000.00) <font style="color:#000000;">(the &#8220;</font><font style="text-decoration:underline;color:#000000;">2020 Note</font><font style="color:#000000;">,&#8221; and, together with the 2019 Note, the &#8220;</font><font style="text-decoration:underline;color:#000000;">Notes</font><font style="color:#000000;">&#8221;) </font>(together with his permitted assigns, the &#8220;<font style="text-decoration:underline;">Lender</font>&#8221;). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in (1) that certain Subsidiary Guarantee by and among the parties dated as of September 5, 2019 (the &#8220;<font style="text-decoration:underline;">2019 Guarantee</font>&#8221;) and (2) that certain Subsidiary Guarantee, by and among the parties, dated as of February 13, 2020 (the &#8220;<font style="text-decoration:underline;">2020 Guarantee</font>,&#8221; and, together with the 2019 Guarantee, the &#8220;<font style="text-decoration:underline;">Guarantees</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">RECITALS </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">WHEREAS, the Maturity Date (as defined in the Notes) of the Notes was September 5, 2020.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">WHEREAS, the parties entered into that certain Omnibus Amendment to Secured Promissory Notes, dated as of September 5, 2020, pursuant to which the Maturity Date of the Notes was extended to September 5, 2021.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">WHEREAS, the parties desire to amend the Guarantees to reflect the extension of the Maturity Date. </p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AGREEMENT</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">NOW, THEREFORE, in consideration of the foregoing and the promises and covenants contained herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:</p>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:12pt;"><font style="text-decoration:underline;">2019 Guarantee Amendment</font>.&nbsp;&nbsp; From and after the effective date of this Amendment and notwithstanding any provision in the Guarantee to the contrary, the parties irrevocably agree that the defined term &#8220;Note&#8221; shall mean &#8220;<font style="color:#000000;">t