Taser International Inc – ‘SB-2/A’ on 4/30/01 – EX-10.17

On:  Monday, 4/30/01, at 5:37pm ET   ·   Accession #:  950153-1-500410   ·   File #:  333-55658

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Pre-Effective Amendment to Registration of Securities by a Small-Business Issuer   —   Form SB-2
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SB-2/A      Pre-Effective Amendment to Registration of          HTML    580K 
                          Securities by a Small-Business Issuer                  
 2: EX-3.1      Articles of Incorporation/Organization or By-Laws      9     34K 
 3: EX-3.2      Articles of Incorporation/Organization or By-Laws     27    125K 
 4: EX-4.3      Instrument Defining the Rights of Security Holders     6     23K 
 5: EX-4.5      Instrument Defining the Rights of Security Holders    16     66K 
 6: EX-10.15    Material Contract                                      2     13K 
 7: EX-10.16    Material Contract                                      4     23K 
 8: EX-10.17    Material Contract                                      3     15K 
 9: EX-10.18    Material Contract                                      1      9K 
10: EX-10.19    Material Contract                                     18     90K 
11: EX-23.2     Consent of Experts or Counsel                          1      6K 

EX-10.17   —   Material Contract

EX-10.17
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[SILICON VALLEY BANK LETTERHEAD]

IRREVOCABLE STANDBY LETTER OF CREDIT NO. SVB0IIS3615                            

DATE: APRIL 13, 2001                                                            

BENEFICIARY:                                                                    
TASER INTERNATIONAL, INC.                                                       
7860 E. MCCLAIN DRIVE, SUITE 2                                                  
SCOTTSDALE, AZ 85260                                                            
ATTN: KATHY HANRAHAN, CONTROLLER                                                
(480) 905-2012                                                                  

APPLICANT:                                                                      
BRUCE R. CULVER & DONNA T. CULVER                                               
6592 E. OAK SPRING DRIVE                                                        
OAK PARK, CA 91377                                                              
(818) 991-9950                                                                  

AMOUNT: US$500,000.00 (FIVE HUNDRED THOUSAND AND 00/100 U.S. DOLLARS)           

EXPIRATION DATE: DECEMBER 31, 2001                                              

LOCATION: AT OUR COUNTERS IN SANTA CLARA, CALIFORNIA                            

DEAR SIR/MADAM:                                                                 

WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO.                
SVB0IIS3615 IN YOUR FAVOR AVAILABLE BY YOUR DRAFTS DRAWN ON US AT SIGHT AND     
ACCOMPANIED BY THE FOLLOWING DOCUMENTS:                                         

1. THE ORIGINAL OF THIS LETTER OF CREDIT AND ALL AMENDMENT(S), IF ANY.          

PARTIAL DRAWS ARE ALLOWED. THIS LETTER OF CREDIT MUST ACCOMPANY ANY             
DRAWINGS HEREUNDER FOR ENDORSEMENT OF THE DRAWING AMOUNT AND WILL BE            
RETURNED TO THE BENEFICIARY UNLESS IT IS FULLY UTILIZED.                        

DRAFT(S) AND DOCUMENTS MUST INDICATE THE NUMBER AND DATE OF THIS LETTER OF      
CREDIT.                                                                         

DOCUMENTS MUST BE FORWARDED TO US BY OVERNIGHT DELIVERY SERVICE TO:             
SILICON VALLEY BANK, 3003 TASMAN DRIVE, SANTA CLARA CA 95054, ATTN:             
INTERNATIONAL DIVISION.                                                         

WE HEREBY AGREE WITH THE DRAWERS, ENDORSERS AND BONAFIDE HOLDERS THAT           
THE DRAFTS DRAWN UNDER AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS          
OF THIS LETTER OF CREDIT SHALL BE DULY HONORED UPON PRESENTATION TO THE         
DRAWEE, IF NEGOTIATED ON OR BEFORE THE EXPIRATION DATE OF THIS CREDIT.          

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EX-10.17
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[SILICON VALLEY BANK LETTERHEAD]

IRREVOCABLE STANDBY LETTER OF CREDIT NO. SVB011S3615                            

DATE: APRIL 13, 2001                                                            

EXCEPT AS EXPRESSLY STATED HEREIN THIS LETTER OF CREDIT IS SUBJECT TO THE       
UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION),           
INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION NO. 500.                         

/s/ Danny J. Rowan                           /s/ Dawn Y. Shinsato               
--------------------                         --------------------               
AUTHORIZED SIGNATURE                         AUTHORIZED SIGNATURE               

DANNY J. ROWAN                               DAWN Y. SHINSATO                   

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EX-10.17
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March 30, 2001

Board of Directors                                                              
TASER, International, Inc.                                                      
7860 East McClain Drive, Suite 2                                                
Scottsdale, Arizona 85260-1627                                                  

Letter of Support 

Gentlemen:                                                                      

The undersigned Phillips W. Smith and Bruce R. Culver are directors of
TASER International, Inc., a Delaware corporation (the "Company"). Through      
loans, advances, provisions of guarantees, and other arrangements, we have from 
time-to-time supported financially and otherwise the business of the Company.   

We agree, by this letter, to continue to support the Company by       
establishing an irrevocable, standby letter of credit issued by a bank of       
recognized standing in an amount not less than $500,000. The letter of credit is
intended to provide additional financial resources on which the Company may rely
in the event of its suffering a working capital deficit or otherwise. Such      
letter of credit may be drawn upon by the Company at any time prior to          
December 31, 2001 upon presentation to the bank of a resolution validly         
adopted by the Board of Directors of the Company confirming a determination by  
the Board of Directors of the Company's need for additional funds and electing  
to draw upon such letter of credit.                                             

    In consideration of this letter of support and the provision of the letter
of credit, the Company shall pay each of us $10,000, and in the event of a draw 
upon the letter of credit, enter into commercially reasonable arrangements for  
the repayment to us of amounts so drawn.                                        

    If the foregoing accurately reflects our understanding, please so indicate
by signing the enclosed copy of this letter and returning it to us.             

                 Very truly yours,

                     /s/ Phillips W. Smith
                                 ---------------------------------
                 Phillips W. Smith

                   /s/ Bruce R. Culver
                                 ---------------------------------
               Bruce R. Culver
Agreed and accepted                                                             
this 30th day of March 2001.                                                    

TASER International, Inc.                                                       

/s/ Patrick W. Smith                                                            
---------------------------------                                               
Patrick W. Smith                                                                
Chief Executive Officer and Director                                            

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SB-2/A’ Filing		Date		First		Last			Other Filings
		12/31/01		1		3			10KSB/A,  10KSB40
Filed on:		4/30/01
		4/13/01		1		2			SB-2/A
		3/30/01		3
									List all Filings

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/25/22  Axon Enterprise, Inc.             10-K       12/31/21  113:18M                                    Toppan Merrill Bridge/FA
 2/26/21  Axon Enterprise, Inc.             10-K       12/31/20  109:16M                                    Toppan Merrill Bridge/FA