Document:

ex-10.1

 STOCK PURCHASE AGREEMENT
 

 This Stock Purchase Agreement (this “Agreement”) is entered into effective December 11, 2014 (the “Effective Date”) by and between David B. Doust, an individual (“Purchaser”) and Cubed, Inc., a Nevada corporation (“Seller”).  Purchaser and Seller shall each be referred to herein as a “Party” and collectively as the “Parties.”
 

 W I T N E S S E T H
 

 WHEREAS, Seller is the record and beneficial owner of thirty (30) shares of common stock (the “Shares”) of WikiTechnologies, Inc., a Delaware corporation (the “Company”);
 

 WHEREAS, Seller desires to sell the Shares to Purchaser, and Purchaser desires to purchase the Shares from Seller, on the terms and conditions set forth herein.
 

 NOW THEREFORE, in consideration of the promises and respective mutual agreements herein contained, it is agreed by and between the Parties hereto as follows:
 

 ARTICLE 1
 SALE AND PURCHASE OF THE SHARES
 

 1.1
 Sale of the Shares.  At the Closing (defined in Section 3 hereof), which shall occur on the Effective Date, or at such other time mutually agreed upon between the constituent Parties (the “Closing Date”), subject to the terms and conditions herein set forth, and on the basis of the representations, warranties and agreements herein contained, Seller shall sell to Purchaser, and Purchaser shall purchase from Seller, the Shares.  
 

 1.2
 Instruments of Conveyance and Transfer.  At the Closing, Seller shall deliver to Purchaser an Irrevocable Stock Power, along with a Directors’ Resolution of Seller approving the sale of the Shares, in form and substance satisfactory to Purchaser as shall be effective to vest in Purchaser all right, title and interest in and to the Shares.
 

 1.3
 Consideration and Payment for the Shares.  As consideration for the Shares, effective at the Closing, Purchaser hereby agrees to reduce the amount of money owed by Seller to Purchaser for bridge loans by the amount of One Hundred Sixty Nine Thousand Eight Hundred Thirty Dollars ($169,830), constituting outstanding principal of One Hundred Fifty Three Thousand Dollars ($153,000) and accrued but unpaid interest of Sixteen Thousand Eight Hundred Thirty Dollars ($16,830) (the “Purchase Price”).
 

 ARTICLE 2
 REPRESENTATIONS AND COVENANTS OF SELLER AND PURCHASER
 

 2.1
 The Seller hereby represents and warrants that:
 

 

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 (a)
 Seller has title in and to the Shares free and clear of all liens, security interests, pledges, encumbrances, charges, restrictions, demands and claims, of any kind and nature whatsoever.
 

 (b)
 Seller shall transfer title, in and to the Shares, to Purchaser free and clear of all liens, security interests, pledges, encumbrances, charges, restrictions, demands and claims, of any kind and nature whatsoever, whether direct or indirect or contingent.
 

 (c)
 Seller has the full right, power and authority to enter into this Agreement and to carry out and consummate the transaction contemplated herein.  This Agreement constitutes the legal, valid and binding obligation of Seller.
 

 (d)
 Seller makes no guarantee as to the resaleability of the Shares including, but not limited to, any resale restrictions placed on the Shares by the Company or any of its agents or regulatory bodies.
 

 2.2.
 Purchaser hereby represents and warrants that:
 

 (a)
 Purchaser has the full right, power and authority to enter into this Agreement and to carry out and consummate the transaction contemplated herein.  This Agreement constitutes the legal, valid and binding obligation of Purchaser.
 

 ARTICLE 3
 CLOSING AND DELIVERY OF DOCUMENTS
 

 Closing.  The Closing shall occur immediately upon execution of this Agreement and receipt by the Purchaser of the Shares as set forth in Section 1.2.  The Closing shall occur on the Closing Date (subject to the last sentence of Section 1.1).
 

 ARTICLE 4
 TERMINATION, AMENDMENT AND WAIVER
 

 4.1
 Termination.  Notwithstanding anything to the contrary contained in this Agreement, this Agreement may be terminated and the transactions contemplated hereby may be abandoned only by the mutual consent of all of the Parties.
 

 4.2
 Waiver and Amendment.  The failure or delay of any Party at any time or times to require performance of any provision hereof or to exercise its rights with respect to any provision hereof shall in no manner operate as a waiver of or affect such Party's right at a later time to enforce the same.  No waiver by any Party of any condition, or of the breach of any term, provision, covenant, representation or warranty contained in this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such condition or breach or waiver of any other condition or of the breach of any other term, provision, covenant, representation or warranty.  No modification or amendment of this Agreement shall be valid and binding unless it be in writing and signed by all Parties hereto.
 

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 ARTICLE 5
 MISCELLANEOUS
 

 5.1
 Governing Law.  This Agreement and the rights of the Parties hereunder shall be governed by and construed in accordance with the laws of the State of Nevada, including all matters of construction, validity, performance, and enforcement and without giving effect to the principles of conflict of laws.
 

 5.2
 Venue.
   The Parties submit to the jurisdiction of the Courts of the State of Nevada or a federal court empanelled in the State of Nevada, County of Clark, for the resolution of all legal disputes arising under the terms of this Agreement.
 

 5.3
 Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall together constitute one and the same instrument. 
  
 5.4
 Expenses and Attorneys’ Fees.  Except as otherwise provided herein, if a dispute should arise between the Parties including, but not limited to arbitration, the prevailing Party shall be reimbursed by the nonprevailing Party for all reasonable expenses incurred in resolving such dispute, including reasonable attorneys' fees exclusive of such amount of attorneys' fees as shall be a premium for result or for risk of loss under a contingency fee arrangement.
 

 5.5
 Taxes.  Any income taxes required to be paid in connection with the payments due hereunder, shall be borne by the Party required to make such payment.  Any withholding taxes in the nature of a tax on income shall be deducted from payments due, and the Party required to withhold such tax shall furnish to the Party receiving such payment all documentation necessary to prove the proper amount to withhold of such taxes and to prove payment to the tax authority of such required withholding.
 

 

 

 

 

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement, as of the date first written hereinabove.
 

 	 	
	 “Seller”
	 “Purchaser”

	  
	  

	 Cubed, Inc.,
	  

	 a Nevada corporation
	  

	  
	  

	  
	  

	 /s/ Joseph White
	 /s/ David B. Doust

	 By:  Joseph White
	 David B. Doust

	 Its:  CTO and Director
	  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Page 4 of 4Exhibit 10.2

APPENDIX B

TO THE AMENDED AND RESTATED EMPLOYMENT AGREEMENT

BETWEEN

IMAGE SENSING SYSTEMS, INC. AND KRIS B. TUFTO

WHEREAS, the parties entered into
an Amended and Restated Employment Agreement which became effective on December 16, 2014 (the “Employment Agreement”);
and

WHEREAS, in order to receive certain
severance payments and related benefits under Section 6 of the Employment Agreement, the parties agreed that Tufto would be required
to sign a release of claims at the time of the event contemplated by Section 6; and

WHEREAS, the parties have agreed
to a form of release substantially similar to that set forth in this Appendix B; and

WHEREAS, under the terms of this
Appendix B, Tufto agrees to release all claims – whether known or unknown – that he may have against ISS, or
any of its respective officers, directors, members, managers, employees or agents, parents or affiliates, through the date of his
signature on this Appendix B;

NOW, THEREFORE, it is mutually
agreed by and between the parties for good and valuable consideration as follows:

A.                
Tufto affirms that he is signing this Appendix B on or after the termination of his
employment, as described in Section 6 of the Employment Agreement.

B.                 
Tufto, for good and valuable consideration, does hereby fully and completely release and waive
any and all claims, complaints, causes of action, demands, suits, and damages, of any kind or character, which he has or may have
against ISS, or any of its respective officers, directors, members, managers, employees or agents, parents or affiliates arising
out of any acts, omissions, conduct, decisions, behavior, or events occurring up through the date of his signature on this Appendix
B.

Tufto understands that he is giving up
any and all claims (whether now known or unknown) that he may have including (without limitation) claims relating to his employment
with ISS, and the cessation of his employment with ISS, including, but not limited to, any claims arising under or based upon the
Minnesota Human Rights Act; Title VII of the Civil Rights Act of 1964, as amended; the Americans With Disabilities Act (“ADA”);
the Family & Medical Leave Act (“FMLA”); the Age Discrimination in Employment Act (“ADEA”), as amended
by the Older Workers Benefit Protection Act; or any other federal, state, or local statute, ordinance, or law. Tufto also understands
that he is giving up all other claims, including those grounded in contract or tort theories, including but not limited to breach
of contract; tortious interference with contractual relations; promissory estoppel; breach of manuals or other policies; assault;
battery; fraud; false imprisonment; invasion of privacy; intentional or negligent misrepresentation; defamation, including libel,
slander, defamation and self-publication defamation; intentional or negligent infliction of emotional distress; sexual harassment;
or any other theory.

Tufto further understands that he is
releasing, and does hereby release, any claims for damages, by charge or otherwise, whether brought by him or on his behalf by
any other party, governmental or otherwise, and agrees not to institute any claims for damages via administrative or legal
proceedings against ISS, or any of its respective officers, directors, members, managers, employees or agents, parents or affiliates.
Tufto understands that, while he retains his right to bring an administrative charge with the Equal Employment Opportunity Commission
or the Minnesota Department of Human Rights, he waives and releases any and all rights to money damages or other legal relief awarded
by any governmental agency related to any charge or claim.

    	B-1

    	 

    

Notwithstanding the forgoing, the release
set forth in this section shall not affect: (i) Tufto’s rights to any earned but unpaid salary through the date of his termination;
(ii) claims for reimbursement of any business expenses approved by ISS; (iii) Tufto’s rights to indemnification and/or defense
of claims threatened or asserted against Tufto arising from Tufto’s employment by ISS pursuant to ISS’s articles of
incorporation, bylaws, corporate governance documents, policies of insurance, or applicable law, including, but not limited to,
Minn. Stat. §302A.521; (iv) Tufto’s right to any vested benefits in any welfare benefit, pension or retirement plan
as set forth in written plan documents; and (i) Tufto’s rights to any options that are exercisable as of the date of Tufto’s
termination as set forth in written plan documents or agreements.

C.                 
Tufto understands that he has the right to seek legal counsel before entering into this Appendix
B and that he has 21 days from the date of his termination to execute this Appendix B.

D.                 
Tufto understands that he may revoke this release (Appendix B) (1) with respect to
potential age-related claims within the seven-day period following the date he signs it and (2) with respect to potential claims
under the Minnesota Human Rights Act within the fifteen-day period following the date he signs it. Tufto also understands that,
if he does revoke this release (Appendix B), he gives up any right to the consideration provided to him the benefits described
in Paragraph 6 of the Employment Agreement.

E.                  
Tufto acknowledges that he has read this Appendix B, that he understands it, and that
he enters into Appendix B voluntarily.

 

	Dated:  December 16, 2014	 	By:	/s/ Kris B. Tufto	 
	 	 	 	Kris B. Tufto	 

 

 

 

 

    	B-2

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