{"id":38551,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/board-of-directors-retainer-agreement-invision-technologies2.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"board-of-directors-retainer-agreement-invision-technologies2","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/board-of-directors-retainer-agreement-invision-technologies2.html","title":{"rendered":"Board of Directors Retainer Agreement – InVision Technologies Inc."},"content":{"rendered":"
BOARD OF DIRECTORS - RETAINER AGREEMENT<\/b><\/font><\/p>\n\n\n
This agreement made as of\n\nAugust 1, 2001 between InVision Technologies, Inc., with its principal place of\n\nbusiness at 7151 Gateway Boulevard, Newark, CA 94560 (\u0093InVision\u0094) and Strategic\n\nInitiatives, Inc., with an address of 7415 S.E. 31st<\/sup> Avenue,\n\nPortland, OR 97202.\u00a0 Strategic\n\nInitiatives hereby appoints Louis A. Turpen as its representative to provide\n\nthe services required of the Director, subject to Mr. Turpen\u0092s (i) acceptance\n\nof the appointment; (ii) his representation that the warranties made in this\n\nAgreement are also true as to him and (iii) his execution of InVision\u0092s\n\nProprietary Information and Inventions Agreement.\u00a0 The Director agrees to provide services according to the\n\nfollowing:<\/font><\/p>\n\n\n
<\/p><\/pre>\n\n\n
\n
I.<\/b><\/font><\/p>\n<\/td>\n
  <\/p>\n
p>Services Provided<\/font><\/u><\/b><\/td>\n
 <\/t><\/tr>\n<\/table>\n
\nInVision agrees to engage<\/p>\n
Strategic Initiatives Inc. who will provide Louis A. Turpen to serve as a<\/p>\n
member of the Board of Directors (the \u0093Director\u0094) and to provide those services<\/p>\n
required of a director under InVision\u0092s Articles of Incorporation and Bylaws<\/p>\n
(\u0093Articles and Bylaws\u0094), as both may be amended from time, to time and under<\/p>\n
the General Corporation Law of Delaware, the federal securities laws and other<\/p>\n
state and federal laws and regulations, as applicable.<\/font>\n<\/p><\/blockquote>\n\n\n
\n
II.<\/b><\/font><\/p>\n<\/td>\n
\n
Nature of Relationship<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nThe Director is an independent contractor and will not<\/p>\n
be deemed an employee of InVision for purposes of employee benefits, income tax<\/p>\n
withholding, F.I.C.A. taxes, unemployment benefits or otherwise.\u00a0 The Director shall not enter into any<\/p>\n
agreement or incur any obligations on InVision\u0092s behalf.<\/p>\n
<\/p>\n
InVision will supply, at no cost to the Director:\u00a0 periodic briefings on the business, director<\/p>\n
packages for each board and committee meeting, copies of minutes of meetings<\/p>\n
and any other materials that are required under InVision\u0092s Articles and Bylaws<\/p>\n
or the charter of any committee of the board on which the director serves and<\/p>\n
any other materials which may, by mutual agreement, be necessary for performing<\/p>\n
the services requested under this contract.<\/bbr><\/font>\n<\/p><\/blockquote>\n\n\n
\n
III.<\/b><\/font><\/p>\n<\/td>\n
\n
Director\u0092s Warranties<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
The Director warrants that no other party has<\/p>\n
exclusive rights to his services in the specific areas described and that the<\/p>\n
Director is in no way compromising any rights or trust between any other party<\/p>\n
and the Director or creating a conflict of interest.\u00a0 The Director also warrants that no other agreement will be<\/p>\n
entered into that will create a conflict of interest with this agreement.\u00a0 The Director further warrants that he will<\/p>\n
comply with all applicable state and federal laws and regulations, as<\/p>\n
applicable, including Sections 10 and 16 of the Securities and Exchange Act of<\/p>\n
1934.<\/p>\n
<\/p>\n
Throughout the<\/p>\n
term of this agreement and for a period of six months thereafter, the Director<\/p>\n
agrees he will not, without obtaining InVision\u0092s prior written consent, directly<\/p>\n
or indirectly engage or prepare to engage in any activity in competition with<\/p>\n
any InVision business or product, including products in the development stage,<\/p>\n
accept employment or provide services to (including service as a member of a<\/p>\n
board of directors), or establish a business in competition with InVision.<\/bbr><\/font><\/p>\n<\/blockquote>\n\n\n
\n
IV.<\/b><\/font><\/p>\n<\/td>\n
\n
Compensation<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nA.\u00a0 Retainer<\/b><\/p>\n
<\/p>\n
InVision<\/p>\n
shall pay the Director a nonrefundable retainer of $25,000 per year during the<\/p>\n
term of this agreement (prorate for the first year $10,416.67) to provide the<\/p>\n
services described in Section I which shall<\/p>\n
compensate him for all time spent preparing for, travelling to (if applicable)<\/p>\n
and attending board of director meetings during the year; provided, however,<\/p>\n
that if more than three board meetings require out-of-town travel time, such<\/p>\n
additional travel time may be billed at the rate set forth in subparagraph C.<\/p>\n
below.  The retainer shall be<\/p>\n
provided for portions of the term less than a full calendar year.\u00a0 This retainer may be revised by action of<\/p>\n
InVision\u0092s Board of Directors from time to time.\u00a0 Such revision shall be effective as of the date specified in the<\/p>\n
resolution for payments not yet made and need not be documented by an amendment<\/p>\n
to this agreement.<\/bbr><\/font><\/p>\n
B.\u00a0 Stock Options<\/b><\/font><\/p>\n
Subject to<\/p>\n
approval by the Board of Directors, an annual grant of an option to purchase<\/p>\n
InVision common stock, par value $.001 per share, shall be made to the<\/p>\n
Director.\u00a0\u00a0 The grant shall consist of<\/p>\n
an option to purchase a specified number of shares under the term of InVision\u0092s<\/p>\n
2000 Equity Incentive Plan. The specified number of shares for a new<\/p>\n
appointment to the Board shall be 20,000 shares in 2001, which grant has<\/p>\n
already been made, and an annual grant at the discretion of the Board.\u00a0 Currently this grant is of 10,000<\/p>\n
shares.\u00a0 Twenty-five percent of the<\/p>\n
option shall vest on each quarterly anniversary of the date of grant.\u00a0 The<\/p>\n
amount and terms of the annual option grant may be revised by action of<\/p>\n
InVision\u0092s Board of Directors from time to time.\u00a0 Such revision shall be effective as of the date specified in the<\/p>\n
resolution for any grants not yet made and need not be documented by an<\/p>\n
amendment to this agreement.<\/font><\/p>\n
C.\u00a0 Additional Payments<\/b><\/font><\/p>\n
To the<\/p>\n
extent services described in Section I require more than three out-of-town<\/p>\n
trips, such additional travel time may be charged at the rate of $2,000 per day<\/p>\n
or part thereof.\u00a0\u00a0 This rate may be<\/p>\n
revised by action of InVision\u0092s Board of Directors from time to time for<\/p>\n
payments not yet made.\u00a0 Such revision<\/p>\n
shall be effective as of the date specified in the resolution and need not be<\/p>\n
documented by an amendment to this agreement.<\/font><\/p>\n
D.\u00a0 Payment<\/b><\/font><\/p>\n
Retainer payments shall be made quarterly in cash in<\/p>\n
advance on the first day of each accounting quarter.\u00a0 Additional payments shall be made in arrears.\u00a0 No invoices need be submitted by the<\/p>\n
Director for payment of the retainer.\u00a0<\/p>\n
Invoices for additional payments under C, above, shall be submitted.<\/p>\n
Such invoices must be approved by InVision\u0092s Chief Executive Officer as to form<\/p>\n
and completeness.<\/font><\/p>\n
E.\u00a0 Expenses<\/b><\/font><\/p>\n
InVision will reimburse<\/p>\n
the Director for reasonable expenses approved in advance, such approval not to<\/p>\n
be unreasonably withheld.\u00a0 Invoices for<\/p>\n
expenses, with receipts attached, shall be submitted. Such invoices must be<\/p>\n
approved by InVision\u0092s Chief Executive Officer as to form and completeness.<\/font><\/p>\n<\/blockquote>\n\n\n
\n
V.<\/b><\/font><\/p>\n<\/td>\n
\n
Indemnification and Insurance<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nInVision will execute an<\/p>\n
indemnification agreement in favor of the Director substantially in the form of<\/p>\n
the agreement attached hereto as Exhibit B.\u00a0<\/p>\n
In addition, InVision will provide directors and officers liability<\/p>\n
insurance.<\/font>\n<\/p><\/blockquote>\n\n\n
\n
VI.<\/b><\/font><\/p>\n<\/td>\n
\n
Term of Agreement<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
This agreement shall be in effect from August 1, 2001<\/p>\n
through the last date of the Director\u0092s current term as a member of InVision\u0092s<\/p>\n
Board of Directors.\u00a0 This agreement<\/p>\n
shall be automatically renewed on the date of the Director\u0092s reelection as a<\/p>\n
member of InVision\u0092s Board of Director\u0092s for the period of such new term unless<\/p>\n
the Board of Directors determines not to renew this agreement.\u00a0\u00a0 Any amendment to this agreement must be<\/p>\n
approved by a written action of InVision\u0092s Board of Directors.\u00a0 Amendments to Section IV Compensation<\/u><\/p>\n
hereof do not require the Director\u0092s consent to be effective.<\/font><\/p><\/blockquote>\n\n\n
\n
VII.<\/b><\/font><\/p>\n<\/td>\n
\n
Termination<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
This agreement shall<\/p>\n
automatically terminate upon the death of the Director or upon his resignation<\/p>\n
or removal from, or failure to win election or reelection to, InVision Board of<\/p>\n
Directors.<\/p>\n
<\/p>\n
In the event of any termination of this agreement, the<\/p>\n
Director agrees to return any materials transferred to the Director under this<\/p>\n
agreement except as may be necessary to fulfill any outstanding obligations<\/p>\n
hereunder.\u00a0 The Director agrees that<\/p>\n
InVision has the right of injunctive relief to enforce this provision.<\/p>\n
<\/p>\n
InVision\u0092s obligation in the event of such termination<\/p>\n
shall be to pay the Director the retainer and other payments due through the<\/p>\n
date of termination.<\/p>\n
<\/p>\n
Termination shall not relieve either party of its<\/p>\n
continuing obligation under this agreement with respect to confidentiality of<\/p>\n
proprietary information.<\/bbr><\/bbr><\/bbr><\/font><\/p>\n<\/blockquote>\n\n\n
\n
VIII.<\/b><\/font><\/p>\n<\/td>\n
\n
Limitation of Liability<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
Under no circumstances<\/p>\n
shall InVision be liable to the Director for any consequential damages claimed<\/p>\n
by any other party as a result of representations made by the Director with<\/p>\n
respect to InVision which are different from any to those made in writing by<\/p>\n
InVision.<\/p>\n
<\/p>\n
Furthermore, except for the maintenance of<\/p>\n
confidentiality, neither party shall be liable to the other for delay in any<\/p>\n
performance, or for failure to render any performance under this agreement when<\/p>\n
such delay or failure is caused by Government regulations (whether or not<\/p>\n
valid), fire, strike, differences with workmen, illness of employees, flood,<\/p>\n
accident, or any other cause or causes beyond reasonable control of such<\/p>\n
delinquent party.<\/bbr><\/font><\/p>\n<\/blockquote>\n\n\n
\n
IX.<\/b><\/font><\/p>\n<\/td>\n
\n
Confidentiality<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
The Director agrees to<\/p>\n
sign and abide by InVision\u0092s Director Proprietary Information and Inventions<\/p>\n
Agreement, a copy of which is attached hereto as Exhibit A.<\/font><\/p>\n<\/blockquote>\n\n\n
\n
X.<\/b><\/font><\/p>\n<\/td>\n
\n
Resolution of Dispute<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Any dispute regarding the agreement (including without<\/p>\n
limitation its validity, interpretation, performance, enforcement, termination<\/p>\n
and damages) shall be determined in accordance with the laws of the State of<\/p>\n
California, the United States of America.\u00a0<\/p>\n
Any action under this paragraph shall not preclude any party hereto from<\/p>\n
seeking injunctive or other legal relief to which each party may be entitled.<\/font><\/p>\n<\/blockquote>\n\n\n
\n
XI.<\/b><\/font><\/p>\n<\/td>\n
\n
Sole Agreement<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nThis agreement (including agreements executed in<\/p>\n
substantially in the form of the exhibits attached hereto) supersedes all prior<\/p>\n
or contemporaneous written or oral understandings or agreements, and may not be<\/p>\n
added to, modified, or waived, in whole or in part, except by a writing signed<\/p>\n
by the party against whom such addition, modification or waiver is sought to be<\/p>\n
asserted.<\/font>\n<\/p><\/blockquote>\n\n\n
\n
XII.<\/b><\/font><\/p>\n<\/td>\n
\n
Assignment<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
This agreement and all of the provisions hereof shall<\/p>\n
be binding upon and insure to the benefit of the parties hereto and their<\/p>\n
respective successors and permitted assigns and, except as otherwise expressly<\/p>\n
provided herein, neither this agreement, nor any of the rights, interests or<\/p>\n
obligations hereunder shall be assigned by either of the parties hereto without<\/p>\n
the prior written consent of the other party.<\/font><\/p><\/blockquote>\n\n\n
\n
XIII.<\/b><\/font><\/p>\n<\/td>\n
\n
Notices<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Any and all notices, requests and other communications<\/p>\n
required or permitted hereunder shall be in writing, registered mail or by<\/p>\n
facsimile, to each of the parties at the addresses set forth above or the<\/p>\n
numbers set forth below:<\/font><\/p><\/blockquote>\n
\n\n\n\n\n\n\n\n\n
\n
The Director:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Attention:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Strategic Initiatives Inc.<\/font><\/p>\n<\/td>\n
<\/td>\n<\/tr>\n
\n<\/td>\n<\/td>\n\n
Telephone:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
416-487-3834<\/font><\/p>\n<\/td>\n
<\/td>\n<\/tr>\n
\n<\/td>\n<\/td>\n\n
Facsimile:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
416-487-3834<\/font><\/p>\n<\/td>\n
<\/td>\n<\/tr>\n
\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
InVision:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Attention:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Dr. Sergio Magistri<\/font><\/p>\n<\/td>\n
<\/td>\n<\/tr>\n
\n<\/td>\n<\/td>\n\n
Telephone:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
510-739-2401<\/font><\/p>\n<\/td>\n
<\/td>\n<\/tr>\n
\n<\/td>\n<\/td>\n\n
Facsimile:<\/font><\/p>\n<\/td>\n
<\/td>\n\n
510-608-0770<\/font><\/p>\n<\/td>\n
<\/td>\n<\/tr>\n<\/table>\n<\/blockquote>\n
Any such notice shall be deemed given when received<\/p>\n
and notice given by registered mail shall be considered to have been given on<\/p>\n
the tenth (10th) day after having been sent in the manner provided for above.<\/font><\/p><\/blockquote>\n\n\n
\n
XIV.<\/b><\/font><\/p>\n<\/td>\n
\n
Survival<\/p>\n
  of Obligations<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Notwithstanding the expiration of termination of this<\/p>\n
agreement, neither party hereto shall be released hereunder from any liability<\/p>\n
or obligation to the other which has already accrued as of the time of such<\/p>\n
expiration or termination (including, without limitation, InVision\u0092s obligation<\/p>\n
to make any fees and expense payments required pursuant to Article IV hereof)<\/p>\n
or which thereafter might accrue in respect of any act or omission of such<\/p>\n
party prior to such expiration or termination.<\/font><\/p><\/blockquote>\n\n\n
\n
XV.<\/b><\/font><\/p>\n<\/td>\n
\n
Severability<\/font><\/u><\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Any provision of this agreement which is determined to<\/p>\n
be invalid or unenforceable shall not affect the remainder of this agreement,<\/p>\n
which shall remain in effect as though the invalid or unenforceable provision<\/p>\n
had not been included herein, unless the removal of the invalid or<\/p>\n
unenforceable provision would substantially defeat the intent, purpose or<\/p>\n
spirit of this agreement.<\/p>\n
<\/p>\n
IN WITNESS WHEREOF, the parties hereto have caused<\/p>\n
this agreement to be executed by their duly authorized officers, as of the date<\/p>\n
first written above.<\/bbr><\/font>\n<\/p><\/blockquote>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
Strategic Initiatives, Inc.<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
Signature:<\/font><\/p>\n<\/td>\n
\n
\/s\/ Louis A. Turpen<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Date:<\/font><\/p>\n<\/td>\n
\n
9\/05\/01<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
By:<\/font><\/p>\n<\/td>\n
\n
Louis A. Turpen<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
Title:<\/font><\/p>\n<\/td>\n
\n
President<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
InVision Technologies, Inc.<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
Signature:<\/font><\/p>\n<\/td>\n
\n
\/s\/ Sergio Magistri<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Date:<\/font><\/p>\n<\/td>\n
\n
9\/06\/01<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
By:<\/font><\/p>\n<\/td>\n
\n
Sergio Magistri<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
\n
Title:<\/font><\/p>\n<\/td>\n
\n
President and Chief Executive Officer<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/table>\n<\/blockquote>\n<\/p>\n
ACCEPTANCE<\/b>:<\/font><\/p>\n<\/p>\n
I, Louis A. Turpen, hereby accept the appointment as<\/p>\n
stated in the above Agreement and represent that the warranties made in this<\/p>\n
Agreement are also true as to me.<\/font><\/p>\n<\/p>\n
\n\n\n\n
\n
Signature:<\/font><\/p>\n<\/td>\n
\n
\/s\/ Louis A. Turpen<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Date:<\/font><\/p>\n<\/td>\n
\n
9\/05\/01<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n\n
Louis A. Turpen<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/table>\n<\/blockquote>\n<\/p>\n
\n
EXHIBIT A<\/font><\/u><\/p>\n
\n
BOARD OF DIRECTORS PROPRIETARY INFORMATION<\/font><\/u><\/p>\n
AND INVENTIONS AGREEMENT<\/font><\/u><\/p>\n
\n
\u00a0\u00a0\u00a0\u00a0\u00a0 WHEREAS, the parties desire to assure the<\/p>\n
confidential status of the information which may be disclosed by InVision to<\/p>\n
the Director; NOW THEREFORE, in reliance upon and in consideration of the<\/p>\n
following undertaking, the parties agree as follows:<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 1.\u00a0\u00a0\u00a0\u00a0\u00a0 Subject to the limitations set<\/p>\n
forth in Paragraph 2, all information disclosed by InVision to the Director<\/p>\n
shall be deemed to be ‘Proprietary Information’.\u00a0 In particular, Proprietary Information shall<\/p>\n
be deemed to include any information, process, technique, algorithm, program,<\/p>\n
design, drawing, formula or test data relating to any research project, work in<\/p>\n
process, future development, engineering, manufacturing, marketing, servicing,<\/p>\n
financing or personnel matter relating to InVision, its present or future<\/p>\n
products, sales, suppliers, customers, employees, investors, or business,<\/p>\n
whether oral or written, graphic or electronic form.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 2.\u00a0\u00a0\u00a0\u00a0\u00a0 The term ‘Proprietary<\/p>\n
Information’ shall not be deemed to include information which the Director<\/p>\n
can demonstrate by competent written proof. (i) is now, or hereafter becomes,<\/p>\n
through no act or failure to act on the part of the Director, generally known<\/p>\n
or available; (ii) is known by the Director at the time of receiving such<\/p>\n
information as evidenced by its records: (iii) is hereafter furnished to the<\/p>\n
Director by a third party, as a matter of right and without restriction on<\/p>\n
disclosure; or (iv) is the subject of a written permission to disclose provided<\/p>\n
by InVision.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 3.\u00a0\u00a0\u00a0\u00a0\u00a0 The Director shall maintain in<\/p>\n
trust and confidence and not disclose to any third party or use for any<\/p>\n
unauthorized purpose any Proprietary Information received from InVision.\u00a0 The Director may use such Proprietary<\/p>\n
Information only to the extent required to accomplish the purposes of this<\/p>\n
Agreement.\u00a0 The Director shall not use<\/p>\n
Proprietary Information for any purpose or in any manner which would constitute<\/p>\n
a violation of any laws or regulations, including without limitation the export<\/p>\n
control laws of the United States.\u00a0 No<\/p>\n
other rights of licenses to trademarks, inventions, copyrights, or patents are<\/p>\n
implied or granted under this Agreement.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 4.\u00a0\u00a0\u00a0\u00a0\u00a0 Proprietary Information supplied<\/p>\n
shall not be reproduced in any form except as required to accomplish the intent<\/p>\n
of this Agreement.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 5.\u00a0\u00a0\u00a0\u00a0\u00a0 The Director represents and<\/p>\n
warrants that he shall protect the Proprietary Information received with at<\/p>\n
least the same degree of care used to protect its own Proprietary Information<\/p>\n
from unauthorized use or disclosure.\u00a0<\/p>\n
The Director shall advise its employees or agents who might have access<\/p>\n
to such Proprietary Information of the confidential nature thereof and shall<\/p>\n
obtain from each of such employers and agents an agreement to abide by the<\/p>\n
terms of this Agreement.\u00a0 The Director<\/p>\n
shall not disclose any Proprietary Information to any officer, employee or<\/p>\n
agent who does not have a need for such information.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 6.\u00a0\u00a0\u00a0\u00a0\u00a0 All Proprietary Information<\/p>\n
(including all copies thereof) shall remain in the property of InVision, and<\/p>\n
shall be returned to InVision after Director’s need for it has expired, or upon<\/p>\n
request of InVision, and in any event, upon completion or termination of this<\/p>\n
Agreement.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 7.\u00a0\u00a0\u00a0\u00a0\u00a0 Notwithstanding any other<\/p>\n
provision of this Agreement, disclosure of Proprietary Information shall not be<\/p>\n
precluded if such disclosure:<\/font><\/p>\n
\n
(a)\u00a0\u00a0 is in response to a valid order of a court or<\/p>\n
other governmental body of the United States or any political subdivision<\/p>\n
thereof; provided, however, that the responding party shall first have given<\/p>\n
notice to the other party hereto and shall have made a reasonable effort to<\/p>\n
obtain a protective order requiring that the Proprietary Information so<\/p>\n
disclosed be used only for the purpose for which the order was issued;<\/font><\/p>\n
(b)\u00a0\u00a0 is otherwise required by law; or<\/font><\/p>\n
(c)\u00a0\u00a0 is otherwise necessary to establish rights or<\/p>\n
enforced obligations under this Agreement, but only to the extent that any such<\/p>\n
disclosure is necessary.<\/font><\/p>\n<\/blockquote>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 8.\u00a0\u00a0\u00a0\u00a0\u00a0 This Agreement shall continue in<\/p>\n
full force and effect for so long as the Director continues to receive<\/p>\n
Proprietary Information.\u00a0 This Agreement<\/p>\n
may be terminated at any time upon thirty (30) days written notice to the other<\/p>\n
party.\u00a0 The termination of the Agreement<\/p>\n
shall not relieve the Director of the obligations imposed by Paragraphs 3, 4, 5<\/p>\n
and 12 of this Agreement with respect to Proprietary Information disclosed<\/p>\n
prior to the effective date of such termination and the provisions of these<\/p>\n
Paragraphs shall survive the termination of this Agreement for a period of five<\/p>\n
(5) years from the date of such termination.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 9.\u00a0\u00a0\u00a0\u00a0\u00a0 The Director agrees to indemnify<\/p>\n
InVision for any loss or damage suffered as a result of any breach by the<\/p>\n
Director of the terms of this Agreement, including any reasonable fees incurred<\/p>\n
by InVision in the collection of such indemnity.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 10.\u00a0\u00a0\u00a0\u00a0\u00a0 This Agreement shall be governed<\/p>\n
by the laws of the State of California as those laws are applied to contracts<\/p>\n
entered into and to be performed entirely in California by California<\/p>\n
residents.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 11.\u00a0\u00a0\u00a0\u00a0\u00a0 This Agreement contains the<\/p>\n
final, complete and exclusive agreement of the parties relative to the subject<\/p>\n
matter hereof and may not be changed, modified, amended or supplemented except<\/p>\n
by a written instrument signed by both parties.<\/font><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0 12.\u00a0\u00a0\u00a0\u00a0\u00a0 Each party hereby acknowledges<\/p>\n
and agrees that in the event of any breach of this Agreement by the Director,<\/p>\n
including, without limitation, an actual or threatened disclosure of<\/p>\n
Proprietary Information without the prior express written consent of InVision,<\/p>\n
InVision will suffer an irreparable injury, such that no remedy at law will<\/p>\n
afford it adequate protection against, or appropriate compensation for, such<\/p>\n
injury.\u00a0 Accordingly, each party hereby<\/p>\n
agrees that InVision shall be entitled to specific performance of the<\/p>\n
Director’s obligations under this Agreement, as well as such further injunctive<\/p>\n
relief as may be granted by a court of competent jurisdiction.<\/font><\/p>\n\n\n\n\n\n\n\n\n\n
\n
AGREED TO:<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n\n
AGREED TO:<\/font><\/p>\n<\/td>\n<\/tr>\n
\n
InVision Technologies, Inc.<\/font><\/p>\n<\/td>\n
\n<\/td>\n<\/td>\n\n
Strategic<\/p>\n
  Initiatives, Inc.<\/font><\/p>\n<\/td>\n<\/tr>\n
\n
7151 Gateway Blvd.<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n\n
7415 S.E. 31st<\/sup> Avenue<\/font><\/p>\n<\/td>\n<\/tr>\n
\n
Newark, CA 94560<\/font><\/p>\n<\/td>\n
<\/td>\n<\/td>\n\n
Portland, OR 97202<\/font><\/p>\n<\/td>\n<\/tr>\n
\n
By:<\/font><\/p>\n<\/td>\n
\n
\/s\/ Sergio Magistri<\/font><\/p>\n<\/td>\n
<\/td>\n\n
By:<\/font><\/p>\n<\/td>\n
\n
\/s\/ Louis A. Turpen<\/font><\/p>\n<\/td>\n<\/tr>\n
\n
Name:<\/font><\/p>\n<\/td>\n
\n
Sergio Magistri<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Name:<\/font><\/p>\n<\/td>\n
\n
Louis A. Turpen<\/font><\/p>\n<\/td>\n<\/tr>\n
\n
Title:<\/font><\/p>\n<\/td>\n
\n
President & CEO<\/font><\/p>\n<\/td>\n
<\/td>\n\n
Title:<\/font><\/p>\n<\/td>\n
\n
President<\/font><\/p>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/table>\n
EXHIBIT B<\/font><\/p>\n
\n
INDEMNITY AGREEMENT<\/font><\/p>\n
\n
THIS AGREEMENT<\/b> is made and entered<\/p>\n
into this 1st day of August, 2001 by and between INVISION TECHNOLOGIES, INC.<\/b>,<\/p>\n
a Delaware corporation (the \u0093Corporation\u0094), and Strategic Initiatives, Inc. who<\/p>\n
hereby appoints Louis A. Turpen as its representative\u00a0<\/b>(\u0093Agent\u0094).<\/font><\/p>\n<\/p>\n
RECITALS<\/b><\/font><\/p>\n
\n
WHEREAS, <\/b>Agent performs a<\/p>\n
valuable service to the Corporation in his capacity as Director of the<\/p>\n
Corporation;<\/font><\/p>\n
WHEREAS,<\/b> the stockholders of the Corporation have adopted bylaws (the \u0093Bylaws\u0094)<\/p>\n
providing for the indemnification of the directors, officers, employees and<\/p>\n
other agents of the Corporation, including persons serving at the request of<\/p>\n
the Corporation in such capacities with other corporations or enterprises, as<\/p>\n
authorized by the Delaware General Corporation Law, as amended (the \u0093Code\u0094);<\/font><\/p>\n
WHEREAS<\/b><\/font>,<\/p>\n
the Bylaws and the Code, by their non-exclusive nature, permit contracts<\/p>\n
between the Corporation and its agents, officers, employees and other agents<\/p>\n
with respect to indemnification of such persons; and<\/p>\n
WHEREAS<\/b><\/font>,<\/p>\n
in order to induce Agent to continue to serve as Director of the<\/p>\n
Corporation, the Corporation has determined and agreed to enter into this<\/p>\n
Agreement with Agent;<\/p>\n
NOW<\/b><\/font>,<\/p>\n
THEREFORE, in consideration of<\/p>\n
Agent\u0092s continued service as Director after the date hereof, the parties hereto<\/p>\n
agree as follows:<\/p>\n<\/p>\n
AGREEMENT<\/b><\/font><\/p>\n
\n
1. Services to the Corporation. <\/b>Agent will serve,<\/p>\n
at the will of the Corporation or under separate contract, if any such contract<\/p>\n
exists, as Director of the Corporation or as a director, officer or other<\/p>\n
fiduciary of an affiliate of the Corporation (including any employee benefit<\/p>\n
plan of the Corporation) faithfully and to the best of hisability so long as he is duly elected<\/p>\n
and qualified in accordance with the provisions of the Bylaws or other<\/p>\n
applicable charter documents of the Corporation or such affiliate; provided,<\/p>\n
however, <\/i><\/font>that Agent may at anytime and for any reason resign from<\/p>\n
such position (subject to any contractual obligation that Agent may have<\/p>\n
assumed apart from this Agreement) and that the Corporation or any affiliate<\/p>\n
shall have no obligation under this Agreement to continue Agent in any such<\/p>\n
position.<\/p>\n
2. Indemnity of Agent. <\/b>The Corporation<\/p>\n
hereby agrees to hold harmless and indemnify Agent to the fullest extent<\/p>\n
authorized or permitted by the provisions of the Bylaws and the Code, as the<\/p>\n
same may be amended from time to time (but, only to the extent that such<\/p>\n
amendment permits the Corporation to provide broader indemnification rights<\/p>\n
than the Bylaws or the Code permitted prior to adoption of such amendment.<\/font><\/p>\n

\n
<\/p>\n
<\/b><\/font><\/p>\n
3. Additional Indemnity. <\/b>In addition to and<\/p>\n
not in limitation of the indemnification otherwise provided for herein, and<\/p>\n
subject only to the exclusions set forth in Section 4 hereof, the Corporation<\/p>\n
hereby further agrees to hold harmless and indemnify Agent:<\/font><\/p>\n
(a)\u00a0 <\/b>against any and all expenses<\/p>\n
(including attorneys\u0092 fees), witness fees, damages, judgments, fines and<\/p>\n
amounts paid in settlement and any other amounts that Agent becomes legally<\/p>\n
obligated to pay because of any claim or claims made against or by him in<\/p>\n
connection with any threatened, pending or completed action, suit or<\/p>\n
proceeding, whether civil, criminal, arbitrational, administrative or<\/p>\n
investigative (including an action by or in the right of the Corporation) to<\/p>\n
which Agent is, was or at any time becomes a party, or is threatened to be made<\/p>\n
a party, by reason of the fact that Agent is, was or at any time becomes a<\/p>\n
director, officer, employee or other agent of Corporation, or is or was serving<\/p>\n
or at any time serves at the request of the Corporation as a director, officer,<\/p>\n
employee or other agent of another corporation, partnership, joint venture,<\/p>\n
trust, employee benefit plan or other enterprise; and<\/font><\/p>\n
(b)\u00a0 <\/b>otherwise to the fullest extent<\/p>\n
as may be provided to Agent by the Corporation under the non-exclusivity<\/p>\n
provisions of the Code and Section 41 of the Bylaws.<\/font><\/p>\n
4. Limitations on Additional Indemnity.<\/p>\n
<\/b>No indemnity pursuant to Section 3 hereof shall be paid by the<\/p>\n
Corporation:<\/font><\/p>\n
(a)\u00a0 <\/b>on account of any claim against<\/p>\n
Agent solely for an accounting of profits made from the purchase or sale by<\/p>\n
Agent of securities of the Corporation pursuant to the provisions of Section<\/p>\n
16(b) of the Securities Exchange Act of 1934 and amendments thereto or similar<\/p>\n
provisions of any federal, state or local statutory law;<\/font><\/p>\n
(b)\u00a0 <\/b>on account of Agent\u0092s conduct<\/p>\n
that is established by a final judgment as knowingly fraudulent or deliberately<\/p>\n
dishonest or that constituted willful misconduct;<\/font><\/p>\n
(c)\u00a0 <\/b>on account of Agent\u0092s conduct<\/p>\n
that is established by a final judgment as constituting a breach of Agent\u0092s<\/p>\n
duty of loyalty to the Corporation or resulting in any personal profit or<\/p>\n
advantage to which Agent was not legally entitled;<\/font><\/p>\n
(d)\u00a0 <\/b>for which payment is actually<\/p>\n
made to Agent under a valid and collectible insurance policy or under a valid and<\/p>\n
enforceable indemnity clause, bylaw or agreement, except in respect of any<\/p>\n
excess beyond payment under such insurance, clause, bylaw or agreement;<\/font><\/p>\n
(e)\u00a0 <\/b>if indemnification is not lawful<\/p>\n
(and, in this respect, both the Corporation and Agent have been advised that<\/p>\n
the Securities and Exchange Commission believes that indemnification for<\/p>\n
liabilities arising under the federal securities laws is against public policy<\/p>\n
and is, therefore, unenforceable and that claims for indemnification should be<\/p>\n
submitted to appropriate courts for adjudication); or<\/font><\/p>\n
(f)\u00a0 <\/b>in connection with any<\/p>\n
proceeding (or part thereof) initiated by Agent, or any proceeding by Agent<\/p>\n
against the Corporation or its directors, officers, employees or other agents,<\/p>\n
unless (i) such indemnification is expressly required to be made by law, (ii)<\/p>\n
the proceeding was authorized by the Board of Directors of the Corporation,<\/p>\n
(iii) such indemnification is provided by the Corporation, in its sole<\/p>\n
discretion, pursuant to the powers vested in the Corporation under the Code, or<\/p>\n
(iv) the proceeding is initiated pursuant to Section 9 hereof.<\/font><\/p>\n
5. Continuation of Indemnity. <\/b>All agreements and<\/p>\n
obligations of the Corporation contained herein shall continue during the<\/p>\n
period Agent is a director, officer, employee or other agent of the Corporation<\/p>\n
(or is or was serving at the request of the Corporation as a director, officer,<\/p>\n
employee or other agent of another corporation, partnership, joint venture,<\/p>\n
trust, employee benefit plan or other enterprise) and shall continue thereafter<\/p>\n
so long as Agent shall be subject to any possible claim or threatened, pending<\/p>\n
or completed action, suit or proceeding, whether civil, criminal,<\/p>\n
arbitrational, administrative or investigative, by reason of the fact that<\/p>\n
Agent was serving in the capacity referred to herein.<\/font><\/p>\n
6. Partial Indemnification. <\/b>Agent shall be<\/p>\n
entitled under this Agreement to indemnification by the Corporation for a<\/p>\n
portion of the expenses (including attorneys\u0092 fees), witness fees, damages,<\/p>\n
judgments, fines and amounts paid in settlement and any other amounts that<\/p>\n
Agent becomes legally obligated to pay in connection with any action, suit or<\/p>\n
proceeding referred to in Section 3 hereof even if not entitled hereunder to<\/p>\n
indemnification for the total amount thereof, and the Corporation shall<\/p>\n
indemnify Agent for the portion thereof to which Agent is entitled.<\/font><\/p>\n
7. Notification and Defense of Claim. <\/b>Not later than<\/p>\n
thirty (30) days after receipt by Agent of notice of the commencement of any<\/p>\n
action, suit or proceeding, Agent will, if a claim in respect thereof is to be<\/p>\n
made against the Corporation under this Agreement, notify the Corporation of<\/p>\n
the commencement thereof; but the omission so to notify the Corporation will<\/p>\n
not relieve it from any liability which it may have to Agent otherwise than<\/p>\n
under this Agreement. With respect to any such action, suit or proceeding as to<\/p>\n
which Agent notifies the Corporation of the commencement thereof:<\/font><\/p>\n
(a)\u00a0 <\/b>the Corporation will be entitled<\/p>\n
to participate therein at its own expense;<\/font><\/p>\n
(b)\u00a0 <\/b>except as otherwise provided<\/p>\n
below, the Corporation may, at its option and jointly with any other<\/p>\n
indemnifying party similarly notified and electing to assume such defense,<\/p>\n
assume the defense thereof, with counsel reasonably satisfactory to Agent.<\/p>\n
After notice from the Corporation to Agent of its election to assume the<\/p>\n
defense thereof, the Corporation will not be liable to Agent under this<\/p>\n
Agreement for any legal or other expenses subsequently incurred by Agent in<\/p>\n
connection with the defense thereof except for reasonable costs of<\/p>\n
investigation or otherwise as provided below. Agent shall have the right to<\/p>\n
employ separate counsel in such action, suit or proceeding but the fees and<\/p>\n
expenses of such counsel incurred after notice from the Corporation of its<\/p>\n
assumption of the defense thereof shall be at the expense of Agent unless (i)<\/p>\n
the employment of counsel by Agent has been authorized by the Corporation, (ii)<\/p>\n
Agent shall have reasonably concluded, and so notified the Corporation, that<\/p>\n
there is an actual conflict of interest between the Corporation and Agent in<\/p>\n
the conduct of the defense of such action or (iii) the Corporation shall not in<\/p>\n
fact have employed counsel to assume the defense of such action, in each of<\/p>\n
which cases the fees and expenses of Agent\u0092s separate counsel shall be at the<\/p>\n
expense of the Corporation. The Corporation shall not be entitled to assume the<\/p>\n
defense of any action, suit or proceeding brought by or on behalf of the<\/p>\n
Corporation or as to which Agent shall have made the conclusion provided for in<\/p>\n
clause (ii) above; and<\/font><\/p>\n
(c)<\/b>\u00a0 the Corporation shall not be liable to indemnify Agent under this<\/p>\n
Agreement for any amounts paid in settlement of any action or claim effected<\/p>\n
without its written consent, which shall not be unreasonably withheld. The<\/p>\n
Corporation shall be permitted to settle any action except that it shall not<\/p>\n
settle any action or claim in any manner which would impose any penalty or<\/p>\n
limitation on Agent without Agent\u0092s written consent, which may be given or<\/p>\n
withheld in Agent\u0092s sole discretion.<\/font><\/p>\n
8. Expenses. <\/b>The Corporation<\/p>\n
shall advance, prior to the final disposition of any proceeding, promptly<\/p>\n
following request therefor, all expenses incurred by Agent in connection with<\/p>\n
such proceeding upon receipt of an undertaking by or on behalf of Agent to<\/p>\n
repay said amounts if it shall be determined ultimately that Agent is not<\/p>\n
entitled to be indemnified under the provisions of this Agreement, the Bylaws,<\/p>\n
the Code or otherwise.<\/font><\/p>\n
9. Enforcement. <\/b>Any right to<\/p>\n
indemnification or advances granted by this Agreement to Agent shall be<\/p>\n
enforceable by or on behalf of Agent in any court of competent jurisdiction if<\/p>\n
(i) the claim for indemnification or advances is denied, in whole or in part,<\/p>\n
or (ii) no disposition of such claim is made within ninety (90) days of request<\/p>\n
therefor. Agent, in such enforcement action, if successful in whole or in part,<\/p>\n
shall be entitled to be paid also the expense of prosecuting hisclaim.<\/p>\n
It shall be a defense to any action for which a claim for indemnification is<\/p>\n
made under Section 3 hereof (other than an action brought to enforce a claim<\/p>\n
for expenses pursuant to Section 8 hereof, provided that<\/i> the required undertaking has<\/p>\n
been tendered to the Corporation) that Agent is not entitled to indemnification<\/p>\n
because of the limitations set forth in Section 4 hereof. Neither the failure<\/p>\n
of the Corporation (including its Board of Directors or its stockholders) to<\/p>\n
have made a determination prior to the commencement of such enforcement action<\/p>\n
that indemnification of Agent is proper in the circumstances, nor an actual<\/p>\n
determination by the Corporation (including its Board of Directors or its<\/p>\n
stockholders) that such indemnification is improper shall be a defense to the<\/p>\n
action or create a presumption that Agent is not entitled to indemnification<\/p>\n
under this Agreement or otherwise.<\/font><\/p>\n
10. Subrogation. <\/b>In the event of<\/p>\n
payment under this Agreement, the Corporation shall be subrogated to the extent<\/p>\n
of such payment to all of the rights of recovery of Agent, who shall execute<\/p>\n
all documents required and shall do all acts that may be necessary to secure<\/p>\n
such rights and to enable the Corporation effectively to bring suit to enforce<\/p>\n
such rights.<\/font><\/p>\n
11. Non-Exclusivity of Rights. <\/b>The rights<\/p>\n
conferred on Agent by this Agreement shall not be exclusive of any other right<\/p>\n
which Agent may have or hereafter acquire under any statute, provision of the<\/p>\n
Corporation\u0092s Certificate of Incorporation or Bylaws, agreement, vote of<\/p>\n
stockholders or directors, or otherwise, both as to action in his official<\/p>\n
capacity and as to action in another capacity while holding office.<\/font><\/p>\n
12. Survival of Rights.<\/b><\/font><\/p>\n
(a) <\/b>The rights<\/p>\n
conferred on Agent by this Agreement shall continue after Agent has ceased to<\/p>\n
be a director, officer, employee or other agent of the Corporation or to serve<\/p>\n
at the request of the Corporation as a director, officer, employee or other<\/p>\n
agent of another corporation, partnership, joint venture, trust, employee<\/p>\n
benefit plan or other enterprise and shall inure to the benefit of Agent\u0092s<\/p>\n
heirs, executors and administrators.<\/font><\/p>\n
(b) <\/b>The Corporation<\/p>\n
shall require any successor (whether direct or indirect, by purchase, merger,<\/p>\n
consolidation or otherwise) to all or substantially all of the business or<\/p>\n
assets of the Corporation, expressly to assume and agree to perform this<\/p>\n
Agreement in the same manner and to the same extent that the Corporation would<\/p>\n
be required to perform if no such succession had taken place.<\/font><\/p>\n
13. Separability. <\/b>Each of the<\/p>\n
provisions of this Agreement is a separate and distinct agreement and<\/p>\n
independent of the others, so that if any provision hereof shall be held to be<\/p>\n
invalid for any reason, such invalidity or unenforceability shall not affect<\/p>\n
the validity or enforceability of the other provisions hereof. Furthermore, if<\/p>\n
this Agreement shall be invalidated in its entirety on any ground, then the<\/p>\n
Corporation shall nevertheless indemnify Agent to the fullest extent provided<\/p>\n
by the Bylaws, the Code or any other applicable law.<\/font><\/p>\n
14. Governing Law. <\/b>This Agreement<\/p>\n
shall be interpreted and enforced in accordance with the laws of the State of<\/p>\n
Delaware.<\/font><\/p>\n
15. Amendment and Termination. <\/b>No amendment,<\/p>\n
modification, termination or cancellation of this Agreement shall be effective<\/p>\n
unless in writing signed by both parties hereto.<\/font><\/p>\n
16. Identical Counterparts. <\/b>This Agreement may<\/p>\n
be executed in one or more counterparts, each of which shall for all purposes<\/p>\n
be deemed to be an original but all of which together shall constitute but one<\/p>\n
and the same Agreement. Only one such counterpart need be produced to evidence<\/p>\n
the existence of this Agreement.<\/font><\/p>\n
17. Headings. <\/b>The headings of the<\/p>\n
sections of this Agreement are inserted for convenience only and shall not be<\/p>\n
deemed to constitute part of this Agreement or to affect the construction<\/p>\n
hereof.<\/font><\/p>\n
18. Notices. <\/b>All notices,<\/p>\n
requests, demands and other communications hereunder shall be in writing and<\/p>\n
shall be deemed to have been duly given (i) upon delivery if delivered by hand<\/p>\n
to the party to whom such communication was directed or (ii) upon the third<\/p>\n
business day after the date on which such communication was mailed if mailed by<\/p>\n
certified or registered mail with postage prepaid:<\/font><\/p>\n\n\n\n
  <\/p>\n
\n
  <\/p>\n
\n\n
  <\/p>\n
\n
  <\/p>\n
\n
  <\/p>\n
\n
(a)<\/b> If to Agent, to:<\/font><\/p>\n<\/td>\n
  <\/p>\n
p>Strategic Initiatives, Inc.<\/b><\/font><\/td>\n
 <\/t><\/tr>\n
\/td><\/p>\n
  <\/p>\n
p>7415 S.E. 31st<\/sup> Avenue<\/font><\/td>\n
 <\/t><\/td>\n
<\/t><\/tr>\n
\/td><\/p>\n<\/td>\n\n
Portland, OR 97202<\/font><\/p>\n<\/td>\n
 <\/t><\/tr>\n
<\/td>\n<\/tr>\n
p>(b)<\/b> If to the Corporation, to:<\/font><\/td>\n
  <\/p>\n
p>INVISION TECHNOLOGIES, INC.<\/b><\/font><\/td>\n
 <\/t><\/t><\/tr>\n
\/td><\/p>\n
  <\/p>\n
p>7151 Gateway Blvd.<\/font><\/td>\n
 <\/t><\/td>\n
<\/t><\/tr>\n
\/td><\/p>\n
  <\/p>\n
p>Newark, CA 94560<\/font><\/td>\n
 <\/t><\/td>\n
<\/t><\/tr>\n<\/table>\n
or to such other address as may have been<\/p>\n
furnished to Agent by the Corporation.<\/font><\/p>\n
IN WITNESS WHEREOF, <\/b>the parties hereto<\/p>\n
have executed this Agreement on and as of the day and year first above written.<\/font><\/p>\n<\/p>\n\n\n\n
<\/p>\n
\n
<\/p>\n
\n
INVISION TECHNOLOGIES, INC.<\/b><\/font><\/p>\n<\/td>\n
\n
STRATEGIC INITIATIVES, INC.<\/b><\/font><\/p>\n<\/td>\n<\/tr>\n
p>By:<\/font><\/td>\n
<\/p>\n
p>\/s\/ Sergio Magistri<\/font><\/td>\n
<\/p>\n
p>By:<\/font><\/td>\n
<\/p>\n
p>\/s\/ Louis A. Turpen<\/font><\/td>\n
<\/t><\/t><\/t><\/t><\/tr>\n
p>Name:<\/font><\/td>\n
<\/p>\n
p>\u00a0Sergio Magistri, CEO<\/font><\/td>\n
<\/p>\n
p>Name:<\/font><\/td>\n
<\/p>\n
p>Louis A. Turpen, President<\/font><\/td>\n
<\/t><\/t><\/t><\/t><\/tr>\n<\/table>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7912],"corporate_contracts_industries":[9454],"corporate_contracts_types":[9539,9544],"class_list":["post-38551","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-invision-technologies-inc","corporate_contracts_industries-manufacturing__industrial","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/38551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=38551"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=38551"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=38551"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=38551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}