Document:

exv10w36

 

EXHIBIT 10.36

AFFILIATED COMPUTER SERVICES, INC.

NOTICE OF STOCK OPTION GRANT UNDER THE

1997 STOCK INCENTIVE PLAN FOR EMPLOYEES IN FRANCE

TO

 

 

     You have been granted an option to purchase Class A Common Stock of Affiliated Computer
Services, Inc. (the “Company”) under the Affiliated Computer Services, Inc. 1997 Stock Incentive
Plan for Employees in France (the “French Sub-Plan”) as follows:

	 	 	 	 	 
	 
	 	Option Number	 	 
	 
	 	 	 	 
	 
	 	Date of Grant	 	 
	 
	 	 	 	 
	 
	 	Number of Shares	 	 
	 
	 	 	 	 
	 
	 	Option Price Per Share	 	$
	 
	 	 	 	 
	 
	 	Term/Expiration Date	 	9-1/2 years from the Date of Grant
	 
	 	 	 	 
	 
	 	Vesting Schedule	 	80% as of the date that is four years after the Date of Grant, and 20% at the end of the following year, or earlier in certain events as expressly provided in the Stock Option Agreement for Employees in France, the Affiliated Computer Services, Inc. 1997 Stock Incentive Plan and the French Sub-Plan.
	 
	 	 	 	 
	 
	 	Exercise Schedule	 	Options may be exercised on or after the date of vesting and until the expiration date.

By your signature and the signature of the Company’s representative below, you and the Company
agree that this option is granted under and governed by the terms and conditions of the Stock
Option Agreement for Employees in France (attached hereto as Exhibit “A”), the Affiliated Computer
Services, Inc. 1997 Stock Incentive Plan and the French Sub-Plan, each of which is made a part of
this document.

	 	 	 	 	 	 	 	 	 
	AFFILIATED COMPUTER SERVICES, INC.	 	OPTIONEE:
	 
	 	 	 	 	 	 	 	 
	BY:
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	WILLIAM L. DECKELMAN, JR.	 	 	 	 	 	 
	 

	 	EXECUTIVE VICE PRESIDENT	 	 	 	 	 	 
	 

	 	& GENERAL COUNSEL	 	 	 	 	 	 

 

 

EXHIBIT “A”

AFFILIATED COMPUTER SERVICES, INC.

STOCK OPTION AGREEMENT FOR EMPLOYEES IN FRANCE

     THIS STOCK OPTION AGREEMENT (this “Agreement”), effective as of the date of the Notice of
Stock Option Grant under the 1997 Stock Incentive Plan for Employees in France (the “Notice of
Grant”) attached hereto, shall, along with the Plan and French Sub-Plan (as hereafter defined),
govern the terms of the Option (as hereafter defined) granted by Affiliated Computer Services,
Inc., a Delaware corporation (the “Company”), to the Optionee identified in the Notice of Grant
(“Optionee”). Capitalized terms not otherwise defined in this Agreement have the meanings ascribed
to such terms in the Plan and French Sub-Plan.

WITNESSETH

     WHEREAS, the Company has adopted the Affiliated Computer Services, Inc. 1997 Stock Incentive
Plan (the “Plan”), which provides for the grant of stock options to certain selected Employees and
corporate officers of the Company or its subsidiaries with respect to shares of the Company’s Class
A Common Stock, par value $.01 per share (“Common Stock”);

     WHEREAS, the Company has adopted an addendum to the Plan so as to create the Affiliated
Computer Services, Inc. 1997 Stock Incentive Plan for Employees in France (the “French Sub-Plan”)
and allow the Company to grant stock options meeting the requirements of Sections L. 225-177 to L.
225-186 of the French Commercial Code, as amended, to Employees in France; and

     WHEREAS, the Company has selected Optionee to participate in the French Sub-Plan and desires
to award to Optionee the stock option described in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements
herein contained, as an inducement to Optionee to continue as an employee or a corporate officer of
the Company or its subsidiaries and to promote the success of the business of the Company and its
subsidiaries, the parties hereby agree as follows:

     1. Grant of Option. The Company hereby grants to Optionee, upon the terms and subject
to the conditions, limitations and restrictions set forth in this Agreement, the Plan, the French
Sub-Plan and the Notice of Grant (all of which are incorporated by reference), an option (the
“Option”) to acquire a total number of shares of Common Stock (the “Shares”) as set forth in the
Notice of Grant, at the exercise price per share set forth in the Notice of Grant, such grant to be
effective as of the date of grant designated in the Notice of Grant (the “Award Date”). The Shares
of Common Stock subject to the Option shall vest in accordance with the vesting schedule set forth
in the Notice of Grant (the

 

 

“Vesting Schedule”) and shall be exercisable in accordance with the exercise schedule set forth in
the Notice of Grant (the “Exercise Schedule”).

     2. Exercise of Option. This Option shall be exercisable during its term in accordance
with the Exercise Schedule and with the provisions of Section 9 of the Plan as follows, except for
specific provisions as mentioned in Sections 5, 6 and 7 below and in the French Sub-Plan:

          (i) Right to Exercise.

               (a) The Option may not be exercised for a fraction of share.

               (b) In the event of the Optionee’s death, disability or other termination of employment, the
exercisability of the Option is governed by Sections 9 and 10 of the Plan, subject to the
limitation contained in subsections (c) and (d) of this Section 2(i) and in Section 9 of the French
Sub-Plan.

               (c) In no event may the Option be exercised after the date of expiration of the term of the
Option as set forth in the Notice of Grant, except in case of the death of the Optionee.

               (d) The Option may be exercised only with respect to the vested portion thereof in accordance
with the Notice of Grant, except in case of the s death of the Optionee.

          (ii) Method of Exercise. The Option shall be exercisable by written notice, which
notice shall state Optionee’s election to exercise the Option and the number of Shares in respect
of which the Option is being exercised. Such written notice shall be signed by Optionee and shall
be delivered in person or by certified mail to the Secretary of the Company. The written notice
shall be accompanied by payment of the exercise price. The Option shall be deemed to be exercised
upon receipt by the Company of such written notice accompanied by the exercise price. No Shares
will be issued pursuant to the exercise of an Option unless such issuance and such exercise shall
comply with all relevant provisions of law and the requirements of any stock exchange upon which
the Shares may then be listed. Assuming such compliance, for income tax purposes, the Shares shall
be considered transferred to Optionee on the date on which the Option is exercised with respect to
such Shares. If the Option is exercised in full, Optionee shall surrender this Agreement.

     3. Method of Payment. Payment of the exercise price shall be made in cash or, as
determined by the Administrator, in accordance with the terms and conditions of the Plan, including
by check. No Shares may be issued by the Company until Optionee makes full payment to the Company
of the applicable exercise price.

     4. Restrictions on Exercise. This Option may not be exercised until such time as the
Plan has been approved by the stockholders of the Company, or if the issuance of such Shares upon
such exercise or the method of payment of consideration for such shares

 

 

would constitute a violation of any applicable federal or state securities or other law or
regulation, including any rule under Part 207 of Title 12 of the Code of Federal Regulations, or if
prohibited with respect to provisions of the French Sub-Plan. As a condition to the exercise of
this Option, the Company may require Optionee to make any representation and warranty to the
Company as may be required by any applicable law or regulation.

     5. Termination of Employment. In the event of termination of Continuous Status as an
Employee with, or status as a corporate officer of, the Company, subject to Section 7 of this
Agreement, the Option may be exercised only as, and within the time periods, provided in the Plan,
i.e., only within 60 days after the date of such termination but in no event later than the
expiration date of the term of such Option as forth in this Agreement and in the Notice of Grant.

     6. Death of Optionee. In the event of the death of an Optionee, any unvested portion
of the Option shall immediately vest and the vested Option may be exercised by the Optionee’s
estate or by a person who acquired the right to exercise the Option by bequest or inheritance,
within six month following the death of the Optionee. Upon expiration of the six month period
following the Optionee’s death, the unexercised portion of the Option shall expire in its entirety
and shall not be exercisable thereafter.

	 	7.	 	Termination for “gross or willful misconduct”. Notwithstanding
Sections 5 and 6 of this Agreement, if Optionee’s Continuous Status as an Employee is
terminated by the Company for gross or willful misconduct as defined under French
labor rules, the Optionee shall forfeit the unvested portion of the Option in its
entirety, and the vested portion of the Option shall be exercisable according to the
provisions of Section 5 of this Agreement. For purposes of this Section 7, an
Optionee shall be deemed to have been terminated for gross or willful misconduct if
the Optionee fails to satisfactorily perform his or her assigned duties or commits an
act of gross negligence or willful misconduct, including, but not limited to, a
dereliction of duty or the committing of and conviction for a crime involving breach
of fiduciary duty to an employer, a felony or a crime involving moral turpitude.
	 
	 	8.	 	Vesting of Option Upon Change of Control. If the Company undergoes a
Change of Control, the Option, whether or not vested at such time, shall become fully
and completely vested and exercisable, effective the day immediately prior to such
Change of Control. For purposes of the preceding sentence, a “Change of Control”
shall have occurred if the Company is merged, consolidated, or reorganized into or
with another person, entity, or group of entities under common control or if a
majority of the outstanding capital stock or all or substantially all of the assets of
the Company are sold to any other person, entity, or group of entities under common
control and as a result of such merger, consolidation, reorganization, or sale of
capital stock or assets, more than 51% of the combined voting power of the then
outstanding voting securities of the surviving person or entity immediately after such
transaction are held in the aggregate by a person, entity or group

 

 

	 		 	of entities under common control who beneficially owned less than 51% of the
combined voting power of the Company prior to such transaction. For purposes of
the foregoing, the Optionee acknowledges and understands that the favorable tax and
social security contributions treatment in France may be lost for these Options,
and the Company shall not be obligated in any fashion to compensate the Optionee
for the loss of preferential tax treatment of the Option in France.

     9. Non-Transferability of Option. The Option may not be transferred in any manner
otherwise than by will or by the laws of descent or distribution and may be exercised during the
lifetime of Optionee only by the Optionee. The terms of the Option and this Agreement shall be
binding upon the executors, administrators, heirs, successors, and assigns of the Optionee.

     10. Term of Option. The Option may be exercised only within the term set out in the
Notice of Grant, and may be exercised during such term only in accordance with the Plan, the terms
of this Agreement and the French Sub-Plan.

     11. Withholding of Tax-Related Items. Regardless of any action the Company or the
Employer takes with respect to any or all income tax, social insurance, payroll tax, payment on
account or other tax-related withholding (“Tax-Related Items”), the Optionee acknowledges that the
ultimate liability for all Tax-Related Items legally due by him or her is and remains his or her
responsibility and that the Company and/or the Employer (i) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the grant,
vesting and exercise of Options and the subsequent sale of Shares acquired upon the exercise of the
Options and the receipt of any dividends; and (ii) do not commit to structure the terms of the
grant or any aspect of the Options to reduce or eliminate your liability for Tax-Related Items.

     In the event the Company determines that it and/or the Employer must withhold any Tax-Related
Items as a result of the Optionee’s participation in the Plan, the Optionee agrees as a condition
of the grant of the Options to make arrangements satisfactory to the Company and/or the Employer
to enable it to satisfy all withholding requirements, including, but not limited to, withholding
any applicable Tax-Related Items. In addition, the Optionee authorizes the Company and/or the
Employer to fulfil its withholding obligations by all legal means, including, but not limited to:
withholding Tax-Related Items from the Optionee’s wages, salary or other cash compensation the
Employer pays to the Optionee, within legal limit; withholding Tax-Related Items from the cash
proceeds, if any, received upon sale of any Shares received; and at the time of payment,
withholding Shares sufficient to meet minimum withholding obligations for Tax-Related Items. The
Optionee acknowledges and agrees that should the amount of withholding of the Tax Related Items to
be satisfied by reducing the number of shares deliverable or by withholding from the Optionee’s
sale’s proceeds be in excess, the Company and/or the Employer will refund the excess amount to the
Optionee within a reasonable period and without any interest. The Company may refuse to deliver
the Shares if the Optionee fails to comply with any withholding obligation.

 

 

     12. Data Privacy. The Optionee hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of his or her personal data as
described in this Agreement by and among, as applicable, the Employer, and the Company and its
subsidiaries for the exclusive purpose of implementing, administering and managing the Optionee’s
participation in the Plan and the French Sub-Plan.

     The Optionee understands that the Company and the Employer hold certain personal information
about him or her, including, but not limited to your name, home address and telephone number, date
of birth, social insurance number or other identification number, salary, nationality, job title,
any Shares of stock or directorships held in the Company, details of Options or any other
entitlement to Shares of stock awarded, cancelled, vested, unvested or outstanding in your favor,
for the purpose of implementing, administering and managing the Plan and the French Sub-Plan
(“Data”). The Optionee understands that Data may be transferred to any third parties assisting in
the implementation, administration and management of the Plan and the French Sub-Plan, that these
recipients may be located in the Optionee’s country or elsewhere (notably in the Unites States of
America), and that the recipient’s country may have different data privacy laws and protections
than the Optionee’s country. The Company warrants that is has taken all the adequate measures and
complied with applicable law to ensure the protection of the Data transferred to countries not
providing for an adequate level of protection. The Optionee understands that he or she may request
a list with the names and addresses of any potential recipients of the Data by contacting his or
her local human resources representative. The Optionee authorizes the recipients to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing his or her participation in the Plan and the French
Sub-Plan, including any requisite transfer of such Data as may be required to a broker, escrow
agent or other third party with whom the Shares received upon exercise of the Options may be
deposited. The Optionee understands that Data will be held only as long as is necessary to
implement, administer and manage his or her participation in the Plan and the French Sub-Plan. The
Optionee understands that he or she may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or
withdraw the consents herein, in any case without cost, by contacting in writing his or her local
human resources representative. The Optionee understands, however, that refusing or withdrawing
his or her consent may affect his or her ability to participate in the Plan and the French
Sub-Plan. For more information on the consequences of his or her refusal to consent or withdrawal
of consent, the Optionee understands that he or she may contact his or her local human resources
representative.

OPTIONEE ACKNOWLEDGES AND AGREES THAT, WITH RESPECT TO SHARES NOT VESTED AS OF THE EFFECTIVE DATE
OF THIS AGREEMENT, THE VESTING OF SHARES PURSUANT TO THE OPTION HEREOF IS EARNED ONLY BY CONTINUING
EMPLOYMENT OR SERVICE AS A CORPORATE OFFICER. OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT
NOTHING IN THIS AGREEMENT, THE PLAN OR THE FRENCH SUB-PLAN (ALL OF WHICH ARE

 

 

INCORPORATED HEREIN BY REFERENCE), SHALL CONFER UPON OPTIONEE ANY RIGHT WITH RESPECT TO THE
CONTINUATION OF OPTIONEE’S EMPLOYMENT, NOR SHALL IT INTERFERE IN ANY WAY WITH OPTIONEE’S RIGHT OR
THE COMPANY’S, THE SHAREHOLDERS’ OF THE COMPANY, AND/OR THE BOARD OF DIRECTORS’ OF THE COMPANY
RIGHT TO TERMINATE OPTIONEE’S EMPLOYMENT OR CORPORATE OFFICER POSITION .

     Optionee acknowledges receipt of a copy of the Plan and of the French Sub-Plan and certain
information related thereto and represents that he or she is familiar with the terms and provisions
thereof, and hereby accepts this Agreement and the Option subject to all of the terms and
provisions thereof. Optionee has reviewed the Plan, the French Sub-Plan and this Agreement in
their entirety, has had an opportunity to obtain the advice of counsel prior to executing this
Agreement and fully understands all provisions relating to the Option. Optionee hereby agrees to
accept as binding, conclusive and final all decisions or interpretations of the Board upon any
questions arising under the Plan and the French Sub-Plan.

*       *exv10w1

 

Exhibit 10.1

AXCESS INTERNATIONAL INC.

3208 Commander Drive

Carrollton, Texas 75006

January 12, 2007

C.I.P.A.F. S.A.

29 Avenue De La Porte-Neuve

L-2227 Luxembourg

	 	 	 
	Re:

	 	Stock Purchase Agreement

Ladies and Gentlemen:

     This Agreement sets forth the terms and conditions on which Axcess International Inc., a
Delaware Corporation, of 3208 Commander Drive, Carrollton, Texas, 75006 (the “Company”) will issue
and sell to C.I.P.A.F. S.A. (the “Purchaser”) shares of Series 2006C Preferred Stock of the
Company, par value $0.01 per share (the “Preferred”).

     1. Type of Security and Purchase Price. The Purchaser hereby agrees to subscribe for
and purchase from the Company, and the Company hereby agrees to issue and sell to the Purchaser
Fifty (50) Preferred Shares. The purchase price shall be Ten Thousand US Dollars ($10,000) per
share for a total of Five Hundred US Dollars ($500,000) payable in cash. Preferred shares shall
bear no dividends. The purchase and sale shall be effective as of January 12, 2007 (the “Effective
Date”).

     2. Purchase Dates and Delivery of Shares. The Company closed on the sale during
January of 2007. Upon its receipt of the purchase price, the Company shall issue and sell to the
Purchaser the number of Preferred and Warrants based on paragraph 1 above. On and as of the
Effective Date, the Company shall execute and deliver to the Purchaser stock and warrant
certificates in proper form representing the Shares.

     3. Securities Act Legend; Registration Rights.

           3.1 The Shares will not be registered under the Securities Act of 1933, as amended (the
“Securities Act”). Prior to registration, certificates representing the Shares shall bear a
restrictive legend substantially to the effect of the following:

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, OR APPLICABLE STATE SECURITIES LAWS, OR THE SECURITIES LAWS OF ANY OTHER
JURISDICTION. THEY MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT UNDER THOSE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION
THEREFROM. ADDITIONAL RESTRICTIONS REGARDING THE TERMS UNDER WHICH THE SHARES
REPRESENTED BY THIS CERTIFICATE MAY BE CONVERTED INTO NON-VOTING COMMON STOCK OF THE
COMPANY ARE SET FORTH IN THE CERTIFICATE OF DESIGNATIONS, PREFERENCES, POWERS AND
RIGHTS OF THE SERIES 2006C PREFERRED STOCK.

 

 

           3.2 The Company has committed to register the Common Stock Underlying the Series 2006C
Preferred Stock under Form SB-2 (or comparable form, the “Registration Statement”) within 90 days
of the date of the last closing of the 2006C Preferred Equity and to make its best efforts to have
the Registration Statement declared effective at the earliest possible date.

     4. Representations and Warranties by the Company. The Company hereby represents and
warrants to the Purchaser as follows:

           4.1 The Company is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware, and has the corporate power and authority to execute and deliver
this Agreement, to issue the Shares on the basis described herein and otherwise to perform its
obligations under this Agreement.

           4.2 The execution and delivery by the Company of this Agreement, the issuance of the Shares,
and the performance by the Company of its obligations hereunder, have been duly authorized by all
requisite corporate action on the part of the Company and will not (i) violate any provision of
law, statute, rule or regulation or any order of any court or other agency of government, (ii)
conflict with or violate the Certificate of Incorporation (after amendment to authorize the
additional shares of non-voting common stock) or By-Laws of the Company, in each case as amended,
or (iii) violate, conflict with or constitute (with due notice or lapse of time or both) a default
under any indenture, mortgage, lease, license, agreement or other contract or instrument or result
in the creation or imposition of any lien, charge or encumbrance of any nature upon the properties
or assets of the Company or any of its subsidiaries, in each case if such violation, conflict,
default, lien, charge or encumbrance would have a material adverse effect on the Company.

           4.3 This Agreement has been duly executed and delivered by the Company and constitutes the
valid and legally binding obligation of the Company, enforceable in accordance with its terms,
except to the extent the enforceability hereof may be limited by applicable bankruptcy, moratorium
or similar laws affecting the rights of creditors generally.

           4.4 Based in part upon the representations and warranties of the Purchaser contained in this
Agreement, no registration or filing with, or consent or approval of, or other action by, any
federal, state or other governmental department, commission, board, bureau, agency or
instrumentality or any third party is or will be necessary for the execution and delivery of this
Agreement by the Company and the issuance of the Shares hereunder, other than the filing of a
notice of sale on Form D with the Securities and Exchange Commission and any other required
jurisdictions in accordance with the rules and regulations thereof under the Securities Act and
applicable state law.

           4.5 The Preferred Shares are duly authorized, validly issued, fully paid and non-assessable
shares of Series 2006C Preferred Stock, and are not subject to any preemptive rights.

     5. Representations and Warranties of the Purchaser. The Purchaser hereby represents
and warrants to the Company as follows:

           5.1 The Purchaser is acquiring the Shares for its own account, for investment and not with a
view to the distribution thereof within the meaning of the Securities Act.

           5.2 The Purchaser understands that the Shares have not been registered under the Securities
Act, by reason of their issuance by the Company in transactions exempt from the registration
requirements of the Securities Act, and that the Common shares must be held by the Purchaser until
registered under the Securities Act.

 

 

           5.3 The Purchaser further understands that the exemption from registration afforded by Rule
144 (the provisions of which are known to it) promulgated under the Securities Act depends on the
satisfaction of various conditions, and that, if applicable, Rule 144 may afford the basis for
sales only in limited amounts, after compliance with the holding periods and other provisions
thereof.

           5.4 The Purchaser understands that its investment hereunder involves substantial risks and
represents and warrants that it has made such independent examinations and investigations of the
Company as it has deemed necessary in making its investment decision, and the Purchaser further
represents and warrants that it has had sufficient access to the officers, directors, books and
records of the Company as it has deemed necessary to conduct such examination and investigation and
make such investment decision. Purchaser agrees to keep confidential the confidential information
provided for the purpose of evaluating the purchase herein.

           5.5 The Purchaser is a qualified investor able to bear the economic risk of the investment
contemplated by this Agreement and has such knowledge and experience in financial and business
matters that it is capable of evaluating the merits and risks of the investment contemplated by
this Agreement.

     6. Reaffirmation of Representations and Warranties. The date Units are purchased
shall constitute a reaffirmation of each and every one of the representations and warranties of the
Company set forth in Section 5 of this Agreement and those of the Purchaser set forth in Section 6
of this Agreement as if made as of each Effective Date, unless otherwise restated or corrected by
either the Purchaser or the Company, as the case may be.

     7. Miscellaneous.

           7.1 This Agreement constitutes our entire agreement with respect to the subject matter hereof.
This Agreement may not be modified or amended or any provision hereof waived except by an
instrument in writing signed by the Company and the Purchaser.

           7.2 This Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns. The rights of the Purchaser hereunder shall be
assignable to any holder of the Shares. Except as provided in the immediately preceding sentence,
this Agreement and the rights of the Purchaser hereunder shall not be assignable, and any purported
assignment hereof or thereof shall be void.

           7.3 This Agreement may be executed in any number of counterparts and on separate counterparts,
each of which shall be an original instrument, but all of which together shall constitute a single
agreement. One or more signature pages from any counterpart of this Agreement may be attached to
any other counterpart of this Agreement without in any way changing the effect thereof. This
Agreement shall be effective when executed and delivered by the Company and the Purchaser.

           7.4 All notices, requests, demands, consents, waivers, or other communications made hereunder
to any party or holder of Shares shall be in writing and shall be deemed to have been duly given if
delivered personally or sent by nationally-recognized overnight courier, facsimile or by first
class registered or certified mail, return receipt requested, postage prepaid, addressed to such
party at the address set forth below:

 

 

     if to the Company, to:

           Axcess International Inc.

           3208 Commander Drive

           Carrollton, TX 75006

           Attention: Chief Financial Officer

     with a copy to:

           Vial, Hamilton, Koch, and Knox

           1700 Pacific, Suite 2800

           Dallas, TX 75201

           214-712-4441

           Attention: Craig Ongley; and

     if to the Purchaser:

           to the Purchaser at its address first set forth above,

or to such other address as the party to whom such communication is to be given may have furnished
to the other party in writing in accordance herewith. All such notices, requests, demands,
consents, waivers or other communications shall be deemed to have been delivered (i) in the case of
personal delivery, on the date of delivery, (ii) if sent by facsimile, on the date sender receives
a confirmation confirming receipt, (iii) if sent by overnight courier, on the next business day
following the date sent and (iv) in the case of mailing, on the third business day following such
mailing.

           7.5 All representations, warranties and agreements contained herein shall survive the
execution and delivery of this Agreement and the sale of the Shares hereunder.

           7.6 This Agreement, and all rights, obligations and liabilities hereunder, shall be construed
according to the laws of the State of Texas applicable to contracts made and to be performed wholly
therein. Any judicial proceeding brought against the Company to enforce, or otherwise in
connection with, this Agreement may be brought in any court of competent jurisdiction in the City
of New York, and, by execution and delivery of this Agreement, the Company (i) accepts, generally
and unconditionally, the nonexclusive jurisdiction of such courts and any related appellate court
and irrevocably agrees to be bound by any final judgment rendered thereby in connection with this
Agreement and (ii) irrevocably waives any objection it may now or hereafter have as to the venue of
any such proceeding brought in such a court or that such a court is an inconvenient forum.

     If the foregoing correctly sets forth your understanding of our agreement, please so indicate
by signing and returning to the Company the enclosed counterpart of this Agreement.

	 	 	 	 	 
	 	Very truly yours,

AXCESS INTERNATIONAL INC.

 	 
	 	By:  	 	 
	 	 	Allan Griebenow, Chief Executive Officer

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