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EXHIBIT 10.10
Side letter to the agreement made the 14th November 2007
between Vicon Industries Ltd and Christopher J Wall

The following salary and bonus arrangements for Christopher J Wall will apply
for the fiscal year ending 30 September 2011:

1.
Salary

 
Your basic salary will remain at £103,000 per annum.

2.
Bonus

 
A sales-related bonus will be paid based upon the sales and the pre-tax profit
of the consolidated results of Vicon Industries Ltd and Vicon Deutschland
GmbH.  The calculation will be as follows:

 
A bonus will be paid at the end of the financial year based on the audited
consolidated sales and the pre-tax operating profit before this bonus. Pre-tax
operating profits are defined as consolidated profit before tax but after adding
back any R&D charges from Vicon Israel (under an R&D Services Agreement dated
1st October 2000 and as Amended on 1st October 2002) and Vicon US (under an R&D
Agreement dated 1st October 2006). Any other adjustments to the pre-tax
operating profit shall be agreed in writing prior to inclusion in the UK
accounts.

 
A sales-related bonus will be paid if the pre-tax operating profits are greater
than or equal to £600,000 and will be calculated based on the following formula:

Consolidated sales
Bonus payment
   
Between £10.5m and £11.0m
£32,000
Between £11.0m and £11.5m
£41,000
Between £11.5m and £12.0m
£50,000
Above £12.0m
£58,000

 
Any further bonus payments for sales exceeding those set out here or for profits
in excess of £600,000 will be at the discretion of the Board of Directors.

 
Agreed this 29th day of October 2010:

/s/ Kenneth M.
Darby                                                                /s/
Christopher J. Wall
Kenneth M
Darby                                                                     
Christopher J Wall
Vicon Industries Ltd

 
 

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