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EXHIBIT 10.14

SEVERANCE AGREEMENT AND RELEASE

Re: Jason Hart and ActivIdentity Corporation

        I, Jason Hart ("Executive") acknowledge that I have voluntarily resigned
my employment with ActivIdentity Corporation, and its affiliates and
subsidiaries (collectively, the "Company") effective on November 1, 2007 (the
"Resignation Date"). Despite termination of my employment duties, I will remain
on the Board of Directors of the Company and will be obligated to faithfully
perform the duties of a director. This Severance Agreement and Release (the
"Release") is in consideration of the commitments made by the parties released
hereby, all of which commitments are set forth in this document.

        The Company agrees for the benefit of Executive:

        1.     To pay Executive severance pay in the amount of $290,000 (the
"Severance Pay"). The Company shall pay one-half of the Severance Pay on the
Resignation Date and the second half of the Severance Pay on May 1, 2008.
Subject to the effectiveness of this Release pursuant to Section 11, the Company
will also:

        (i)    pay Executive a bonus for the fiscal year ended September 30,
2007 in an amount, if any, to be determined by the Compensation Committee of the
Board of Directors of the Company based on the performance criteria previously
established, less applicable withholding taxes, payable in a lump sum at the
same time as bonuses are paid to executive officers;

        (ii)   if Executive elects COBRA continuation coverage and provided that
Executive and Executive's beneficiaries remain eligible for COBRA continuation
coverage, the Company shall continue to pay for medical and dental insurance
premiums for coverage of Executive and Executive's beneficiaries to the same
extent as if Executive remained employed until the earlier of (x) October 31,
2008 or (y) the date that Executive is eligible to receive such benefits through
a new employer;

        (iii)  pursuant to the 2004 Equity Incentive Plan (the "Plan"), permit
Executive's Awards (as defined in the Plan) to continue to vest so long as
Executive serves on the Board of Directors;

        (iv)  reimburse Executive for outstanding unpaid business expenses,
subject to documentation in accordance with the Company's customary policy; and

        (v)   pay Executive on the Resignation Date for all accrued and unused
vacation as of the Resignation Date.

        2.     The Company shall undertake to make deductions, withholdings and
tax reports with respect to payments and benefits under this Release to the
extent that it reasonably and in good faith determines that it is required to
make such deductions, withholdings and tax reports. Payments under this Release
shall be in amounts net of any such deductions or withholdings. Nothing in this
Release shall be construed to require the Company to make any payments to
compensate the Executive for any adverse tax effect associated with any payments
or benefits or for any deduction or withholding from any payment or benefit.

        3.     Executive agrees the Company has paid him any and all salary,
other wages and vacation pay he is owed, if any; he acknowledges that no such
further payments or amounts are owed or will be owed with the exception of
(a) the payments referred to in Section 1 above, and (b) any properly authorized
business expenses incurred in reasonable amounts and supported by documentary
evidence that have not been reimbursed to Executive as the result of any
reimbursement requests submitted to the Company prior to the Resignation Date.

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        4.     Except for the provisions of Section 1 of this Release and in
consideration for the payments and benefits described in Section 1, to which the
Executive acknowledges the Executive would not otherwise be entitled, the
Executive for himself and his heirs, agents, assigns, executors, successors and
each of them, voluntarily releases and forever discharges the Company, its
affiliated and released entities, its and their respective predecessors,
successors and assigns, its and their respective employee benefit plans and
fiduciaries of such plans, and the current and former officers, directors,
shareholders, employees, attorneys, accountant and agents of each of the
foregoing in their official and personal capacities (collectively referred to as
the "Releasees") generally from all claims, demands, debts, damage and
liabilities of every name and nature, known or unknown ("Claims") that, as of
the date when the Executive signs this Release, the Executive ever had, now
claims to have or ever claimed to have had against any or all of the Releasees.
This Release includes, without limitation, all Claims: relating to the
Executive's employment with the Company, the termination of the Executive's
employment; of wrongful discharge; of breach of contract, including without
limitation, claims under the Executive's August 5, 2005 Employment Agreement; of
retaliation or discrimination under federal, state or local law, including, but
not limited to, Claims of discrimination or retaliation under Title VII of the
Civil Rights Act of 1964, Claims of disability discrimination or retaliation
under the Americans with Disabilities Act, Claims of discrimination or
retaliation under the California Fair Employment and Housing Act; under other
federal or state statutes; of defamation or other torts; of violation of public
policy; for wages, bonuses, incentive compensation, stock, stock options,
vacation pay or any other compensation or benefit; and for damages or other
remedies of any sort, including, without limitation, compensatory damages,
punitive damages, injunctive relief and attorney's fees.

        The Executive acknowledges that he is familiar with Section 1542 of the
California Civil Code, which reads as follows:

California Civil Code Section 1542

"A general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which
if known by him or her must have materially affected his or her settlement with
the debtor."

        Executive agrees that he is releasing unknown claims and waiving all
rights that the Executive may have under Section 1542 of the Civil Code of
California or under any statute or common law principle of similar effect.

        In consideration for, among other terms, Executive's release of Claims
pursuant to this Section 4, the Company voluntarily releases and forever
discharges Executive generally from all claims that, as of the date when the
Company signs this Agreement, the Company has, ever had, now claims to have or
ever claimed to have had against Executive which relate to good faith acts or
omissions by Executive during the course of Executive's employment with the
Company undertaken or not undertaken in the reasonable belief that such acts or
omissions were in the best interest of the Company, including, without
limitation, all claims relating to Executive's employment by the Company;
provided, however, that this release shall not preclude any claims arising out
of any of the following: (1) any criminal or fraudulent conduct on Executive's
part; (2) any conduct on Executive's part that may result in civil liability to
the Company or its employees; and (3) Executive's performance of his duties as a
member of the Board of Directors.

        5.     Executive agrees that he will not make any written or oral
communications that could reasonably be considered to be disparaging of the
Company in any respect, including, but not limited to, the Company's business,
technology, products, executives, officers, directors, former executives,
consultants or agents. The Company agrees that its directors and officers will
not make any written or oral communications that could reasonably be considered
to be disparaging of Executive. These

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nondisparagement obligations shall not in any way affect Executive's obligation
or the obligations of the above-referenced persons to testify truthfully in any
legal proceeding.

        6.     Executive agrees that the Executive shall cooperate and from time
to time, on reasonable advance notice from the Company, make himself available
on a limited basis and subject to any obligations or duties of Executive to a
new employer, to assist the Company with respect to general matters involving
the transition of a new chief executive officer, strategic transactions upon
which the Executive worked during his employment or any legal proceedings that
are based on or directly related to events or transactions occurring during
Executive's employment by the Company that reasonably require his personal
testimony or involvement. The Company shall reimburse Executive for his
out-of-pocket expenses relating to his compliance with his obligations set forth
herein.

        7.     This Release was either negotiated for Executive by a
representative of his own choosing or he, after having had a reasonable
opportunity to obtain a representative of his own choosing, elected to represent
himself in such negotiations. Both the Company and Executive are voluntarily
agreeing to this Release. It is agreed that the payments under this Release are
not an admission of any liability or obligation.

        8.     Executive agrees that he will neither disclose nor voluntarily
allow anyone else to disclose either the fact of, the reasons for, or the
provisions of this Release ("Release-Related Information") without the prior
written consent of the Company, unless required to do so by law, provided, that
Executive nonetheless may disclose this Release and its provisions to his
spouse, attorneys, accountants, and to them only provided they first agree for
the benefit of the Company to keep the Release-Related Information confidential.

        9.     In the event that Executive fails to comply with any of
Executive's obligations under this Release and the Non-Competition Agreement,
dated as of August 5, 2005, by and among Executive, the Company and Protocom
Development Systems Pty Ltd. (the "Non-Competition Agreement"), in addition to
any other legal or equitable remedies it may have for such breach the Company
shall have the right to terminate or suspend its payments to Executive under
this Release. The termination or suspension of such payments in the event of
such breach by Executive will not affect Executive's continuing obligations
under this Release.

        10.   Executive expressly states that he has read this Release and
understands all of its terms, that the preceding paragraphs recite the sole
consideration for this Release, and that this Release constitutes the entire
agreement with respect to any matters referred to in it. This Release supersedes
any and all other agreements between Executive and the Company except for the
Employee Proprietary Information and Inventions Agreement entered into on or
about August 5, 2005 and the Non-Competition Agreement, which remain in full
force and effect. This Release may only be amended in writing signed by
Executive and an officer of the Company, and it is executed voluntarily and with
full knowledge of its significance.

        11.   Executive is advised to consult with an attorney prior to signing
this Release. This Release shall be irrevocable upon execution by Executive and
the Company and shall become effective on the Resignation Date.

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        12.   This Release will be interpreted pursuant to the laws of the State
of California, without regard to conflict of law principles.

Dated: November 1, 2007   Jason Hart
 
 
/s/  JASON HART      

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Dated: November 1, 2007
 
ActivIdentity Corporation
 
 
By:
 
/s/  RICHARD A. KASHNOW      

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Name: Richard A. Kashnow
Title: Chairman

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EXHIBIT 10.14

SEVERANCE AGREEMENT AND RELEASE