Exhibit 10.2
PROMISSORY NOTE
Date: November ___, 1997
On March 31, 1998, I promise to pay to the order of Alliant Techsystems Inc. (the "Corporation") the sum of ____________________________________Dollars ($__________________) with interest at a rate per annum equal to the greater of (a) 6% or (b) the "applicable federal rate" in effect on the date hereof for loans of such maturity, as determined by Section 1274(d) of the Internal Revenue Code.
There has been given as collateral for the payment of this Promissory Note the number of shares of the Common Stock of the Corporation described in the Stock Pledge Agreement between the Corporation and the undersigned dated as of the date hereof.
This Promissory Note is evidence of an indebtedness incurred by the undersigned in connection with a loan to the undersigned by the Corporation pursuant to the terms of the Alliant Techsystems Inc. LSAR Option Loan Program (the "Program"). This Promissory Note is subject to the terms and provisions of, and is entitled to the benefits of, the Program.
Signature: _______________________________
Print Name: _______________________________
STOCK PLEDGE AGREEMENT
(SECURITY AGREEMENT)
This Agreement, dated as of November ___, 1997, is governed by the Uniform Commercial Code of the State of Minnesota.
Borrower's Name:
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Address:
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Secured Party: Alliant Techsystems Inc.
600 Second Street N.E.
Hopkins, MN 55343
1. In this Agreement, the words "I," "me," and "my" mean the Borrower, and the words "you" and "your" mean the Secured Party.
2. I agree to give you a security interest in my property described below, which is ca ...
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