SEC Contract Filing

Filing Date: 2020-01-30

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>bkti_ex104.htm
<DESCRIPTION>CONTINUING SECURITY AGREEMENT
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161108-V4</font></div>
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<font style="font-weight: bold">&#xA0; <font style="font-family: Times New Roman; font-size: 13px">Exhibit
10.4</font><br></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Continuing
Security Agreement</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Dated
as of January 13, 2020</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
Grant of Security Interest.</font> To secure the payment and
performance of the Liabilities,<font style="font-weight: bold">&#xA0;</font>BK Technologies, Inc. (whether one
or more, the "Borrower", individually and collectively if more than
one) pledges, assigns and grants to JPMorgan Chase Bank, N.A.,
whose address is 450 S Orange Ave, Floor 10, Orlando,<font style="color: #0000FF">&#xA0;</font>FL<font style="color: #0000FF">&#xA0;</font>32801-3383 (together with its
successors and assigns, the "Bank") a continuing security interest
in, all of its right, title and interest in the Collateral (as
hereinafter defined), whether now owned or hereafter acquired and
whether now existing or hereafter arising.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">"Liabilities"
means all obligations, indebtedness and <font style="color: #000000">liabilities of the Borrower whether individual,
joint and several</font>, absolute or contingent, direct or
indirect, liquidated or unliquidated, now or hereafter existing in
favor of th<font style="color: #000000">e Bank</font>, including
without limitation, all liabilities, all interest, costs and fees
arising under or from any note, open account, overdraft, letter of
credit application, endorsement, surety agreement, guaranty, credit
card, lease, Rate Management Transaction, acceptance, foreign
exchange contract or depository service contract, whether payable
to the Bank or to a third party and subsequently acquired by the
Bank, any monetary obligations (including interest) incurred or
accrued during the pendency of any bankruptcy, insolvency,
receivership or other similar proceedings, regardless of whether
allowed or allowable in such proceeding, and all renewals,
extensions, modifications, consolidations, rearrangements,
restatements, replacements or substitutions of any of the
foregoing. <font style="color: #000000">"Rate Management
Transaction" means any transaction (including an agreement with
respect thereto) that is a rate swap, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity
index swap, equity or equity index option, bond option, interest
rate option, foreign exchange transaction, cap transaction, floor
transaction, collar transaction, forward transaction, currency swap
transaction, cross-currency rate swap transaction, currency option,
derivative transaction or any other similar transaction (including
any option with respect to any of these transactions) or any
combination thereof, whether linked to one or more interest rates,
foreign currencies, commodity prices, equity prices or other
financial measures. The</font> Borrower <font style="color: #000000">and the Ban