Document:

<Page>

                                                                   EXHIBIT 10.14

                                 LOAN AGREEMENT

          THIS LOAN AGREEMENT ("Agreement") is made and entered into as of this
31st day of December, 2001, by and between SCOTT C. BARKER ("Barker") and
TEKGRAF, INC., a Georgia corporation ("Tekgraf")

                                    RECITALS:

1. The Board of Directors of Tekgraf has determined it to be in the best
interest of Tekgraf and its shareholders to sell its Channel Business Unit to a
newly created South Carolina limited liability company known as SCB
Acquisitions, LLC ("SCB Acquisitions");

2. SCB Acquisitions and Tekgraf have entered into that certain Asset Purchase
Agreement dated as of October 29, 2001 (the "Asset Purchase Agreement") pursuant
to which SCB Acquisitions will purchase substantially all of the operating
assets of Tekgraf's Channels Business Unit;

3. Barker is the president and chief executive officer of SCB Acquisitions as
well as a substantial investor in SCB Acquisitions;

4. In connection with the transactions contemplated by the Asset Purchase
Agreement, Tekgraf agreed to make this loan to Barker.

          NOW, THEREFORE, Tekgraf and Barker, each in consideration of the
mutual covenants and agreements of the other contained in this Agreement and,
intending to be legally bound agree as follows:

1. THE LOAN. Tekgraf hereby agrees to loan to barker, and Barker hereby agrees
to, and hereby does, borrow from Tekgraf, in reliance on and subject to the
terms and conditions contained in this Agreement, the principal amount of
$200,000 (the "Loan"). The Loan is evidenced by that certain Secured Promissory
Note attached to this Agreement as EXHIBIT A, and by this reference incorporated
herein and made a part hereof (the "Note").

2. INTEREST RATE. The outstanding principal balance of the Loan shall bear
interest at the rate per annum that is one fourth of a percentage point (.25%)
above the rate paid by Tekgraf from time to time under its Amended and Restated
Loan and Security Agreement dated as of June 9, 2000, as amended from time to
time, between Tekgraf and Wachovia Bank, National Association.

3. PAYMENT. The principal of and all interest accrued on the Loan shall be due
and payable on December 31, 2003, or on the next business day if December 31,
2003 falls on a weekend or holiday on which national banks are closed.

4. PREPAYMENT. Barker may prepay the Loan, in whole or in part, at any time
without penalty. Prepayments shall be applied consistent with the terms of the
Note.

5. SECURITY FOR NOTE. As security for the payment of the Loan, Barker has
entered into a Pledge and Security Agreement of even date with this Agreement
(the "Pledge and Security Agreement") pursuant to which he has pledged 100,000
shares of Class A Common Stock of Tekgraf

<Page>

6. DEFAULT. The occurrence of any one of the following events shall constitute
an event of default under this Agreement (each, an "Event of Default"):

        6.1.   FAILURE TO MAKE TIMELY PAYMENTS. Barker shall fail to pay when
               due any installments of interest or principal under the Note and
               such failure shall continue for a period of fifteen (15) days.

        6.2.   FAILURE TO PERFORM OTHER OBLIGATIONS. Barker shall fail to
               observe or perform any other obligations, covenants, agreements,
               undertakings or conditions to be observed and performed by Barker
               under this Agreement, the Note or the Pledge and Security
               Agreement and such failure has not been remedied to Tekgraf's
               satisfaction within thirty (30) days after the notice of such
               failure from Tekgraf.

        6.3.   DETERMINATION OF IMPAIRMENT. Tekgraf, in good faith, determines
               that the prospect of payment or the observance or performance of
               any other obligations, covenants, agreements, undertakings or
               conditions in this Agreement is impaired and, immediately upon
               request by Tekgraf, Barker has not given Tekgraf adequate
               assurances of payment, observance or performance.

        6.4.   FAILURE TO PROVIDE TRUTHFUL AND COMPLETE INFORMATION. Any
               information or representation furnished or made in or pursuant to
               this Agreement or any related document by Barker shall be false,
               incorrect, incomplete, or misleading when furnished or made.

7. EFFECT OF DEFAULT. Upon the occurrence of an Event of Default, as described
in Paragraph 6, this Agreement immediately and automatically shall terminate,
and any outstanding loan balance owed by Barker to Tekgraf shall immediately
become immediately due and payable without presentment, protest or further
demand of notice of any further action of any kind, all of which are hereby
expressly waived. In addition, Tekgraf shall have all of the rights accruing to
it under the Pledge and Security Agreement. All rights and remedies of Tekgraf
hereunder are cumulative and may be exercised successively or concurrently with
other rights Tekgraf may have at law or in equity.

8. RECOURSE. The Loan shall be a full recourse loan; PROVIDED, HOWEVER, that in
the event that Tekgraf shall file a petition in bankruptcy, a petition seeking
any reorganization, arrangement, composition or similar relief, or takes any
action of similar intent under any law regarding insolvency or relief for
debtors, or makes an assignment for the benefit of creditors or similar
undertaking then the Loan shall, without further action on the part of Tekgraf
or Barker, become limited in recourse to the security provided by the Pledge and
Security Agreement.

9. MISCELLANEOUS.

        9.1.   ENTIRE AGREEMENT. This Agreement and the instruments, agreements
               and other documents contemplated hereby supersede all prior
               discussions, understandings and agreements between and among the
               parties with respect to the matters contained herein, and this
               Agreement and the instruments, agreements and other documents
               contemplated hereby contain the sole and entire agreement between
               the parties hereto with respect to the matters contemplated
               herein.

        9.2.   AMENDMENTS. This Agreement may not be amended or supplemented
               except in writing by the parties hereto.

                                        2
<Page>

        9.3.   COUNTERPARTS. This Agreement may be executed in several
               counterparts, each of which shall be an original, but all of
               which together shall constitute one and the same document.

        9.4.   EFFECT OF HEADINGS. The section headings herein are for
               convenience only and shall not affect the construction or
               interpretation of this Agreement.

        9.5.   BINDING EFFECT. The provisions of this Agreement shall be binding
               upon and inure to the benefit of the parties to this Agreement
               and any successors to Tekgraf, but neither this Agreement nor any
               rights under this Agreement shall be assignable by Barker without
               the express prior written approval of Tekgraf.

        9.6.   GOVERNING LAW. This Agreement shall be governed by and construed
               in accordance with the laws of the United States of America and
               the State of Illinois. Tekgraf and Barker irrevocably consent to
               the exclusive jurisdiction and venue of the courts of any county
               in the State of Illinois and the United States District Court for
               the Northern District of Illinois, in any judicial proceeding
               brought to enforce this Agreement. The parties agree that any
               forum other than the State of Illinois is an inconvenient forum
               and that a lawsuit (or non0complusory counterclaim) brought by
               one party against another party in a court of any jurisdiction
               other than the State of Illinois should be forthwith dismissed or
               transferred to a court located in the State of Illinois.

        9.7.   NOTICES. All notices, requests, demands and other communications
               which are required or may be given under this Agreement shall be
               in writing and shall be deemed to have been duly given when
               received if personally delivered; when transmitted if transmitted
               by confirmed facsimile, electronic or digital transmission
               method; the day after it is sent, if sent for next-day delivery
               to a domestic address by a recognized overnight delivery service
               (e.g., Federal Express); and upon receipt if sent by certified or
               registered mail, return receipt requested. In each case notice
               shall be sent to:

               If to Tekgraf:          980 Corporate Woods Parkway
                                       Vernon Hills, Illinois 60061
                                       Facsimile: (847) 913-5595
                                       Telephone: (847) 913-5888
                                       Attention: Thomas M. Mason

               With a copy to:         Gardner, Carton & Douglas
                                       321 North Clark Street, Suite 3400
                                       Chicago, Illinois 60610
                                       Facsimile: (312) 644-3381
                                       Telephone: (312) 644-3000
                                       Attention: Stephen A. Tsoris

               If to Barker:           212 Riverside Drive
                                       Greenville, South Carolina 29605
                                       Telephone:

                                        3
<Page>

               With a copy to:         Wyche, Burgess, Freeman & Parham, P.A.
                                       44 E. Camperdown Way (29601)
                                       P.O. Box 728
                                       Greenville, South Carolina 29602
                                       Telephone: (864) 242-8200
                                       Facsimile: (864) 252-8900
                                       Attn: Cary H. Hall

or to such other place and with such other copies as either party may designate
as to itself by written notice to the other.

        9.8.   SEVERABILITY. If any provision of this Agreement shall be held
               invalid under applicable laws, such invalidity shall not affect
               any other provision of this Agreement that can be given effect
               without the invalid provision, and, to this end, the provisions
               of this Agreement are severable.

                            [SIGNATURE PAGE FOLLOWS]

                                        4
<Page>

                       [SIGNATURE PAGE TO LOAN AGREEMENT]

          IN WITNESS WHEREOF, each of the parties have caused this Agreement to
be duly executed and delivered as of the date and year first above written.

                                       TEKGRAF, INC.

                                       By: /s/ Thomas M. Mason
                                           ------------------------------------
                                       Its: Chief Financial Officer

                                       SCOTT C. BARKER

                                           /s/ Scott C. Barker
                                           ------------------------------------QuickLinks
 -- Click here to rapidly navigate through this document

 
 

MICROVISION, INC.
  
    INDEPENDENT DIRECTOR
  STOCK OPTION PLAN    
  

 
 
 

MICROVISION, INC.
  INDEPENDENT DIRECTOR STOCK OPTION PLAN    
  

 
  Table of Contents    
  

	 
	 	 
	 	 
	 	Page

	1.	 	Purpose	 	1
	2.	 	Administration	 	1
	 	 	2.1	 	Procedures	 	1
	 	 	2.2	 	Powers	 	1
	 	 	2.3	 	Limited Liability	 	1
	 	 	2.4	 	Securities Exchange Act of 1934	 	1
	3.	 	Stock Subject to This Plan	 	1
	4.	 	Eligibility	 	2
	5.	 	Independent Director Stock Options	 	2
	 	 	5.1	 	Awards	 	2
	 	 	 	 	(a) Mandatory Awards	 	2
	 	 	 	 	(b) Discretionary Awards	 	2
	 	 	 	 	(c) Special One-Time Grant	 	2
	 	 	5.2	 	Exercise Price	 	2
	 	 	5.3	 	Vesting	 	2
	 	 	5.4	 	Nontransferability	 	2
	 	 	5.5	 	Termination of Options	 	3
	 	 	 	 	(a) Generally	 	3
	 	 	 	 	(b) Disability or Death	 	3
	 	 	 	 	(c) Failure to Exercise Option; Expiration.	 	3
	6.	 	Option Agreements	 	3
	7.	 	Exercise	 	3
	 	 	7.1	 	Procedure	 	3
	 	 	7.2	 	Payment	 	3
	 	 	7.3	 	Withholding	 	3
	 	 	7.4	 	Conditions Precedent to Exercise	 	4
	8.	 	Foreign Qualified Grants	 	4
	9.	 	Adjustments On Changes in Capitalization	 	4
	 	 	9.1	 	Stock Splits, Capital Stock Adjustments	 	4
	 	 	9.2	 	Effect of Certain Events	 	4
	 	 	 	 	(a) Change in Control	 	4
	 	 	 	 	(b) Liquidation; Dissolution	 	4
	 	 	 	 	(c) Recapitalizations	 	4
	 	 	9.3	 	Fractional Shares	 	4
	 	 	9.4	 	Determination of Board to Be Final	 	4
	10.	 	Securities Regulations	 	4
	11.	 	Amendment and Termination	 	5
	 	 	11.1	 	Plan	 	5
	 	 	11.2	 	Automatic Termination	 	5
	12.	 	Miscellaneous	 	5
	 	 	12.1	 	Time of Granting Options	 	5
	 	 	12.2	 	No Status as Shareholder	 	5
	 	 	12.3	 	Reservation of Shares	 	6
	13.	 	Effectiveness of This Plan	 	6

i

   
        1.    Purpose. The purpose of the Independent Director Stock Option Plan (the "Plan") is to provide a means by which
Microvision, Inc. (the "Company"), may attract and retain the best available personnel as non-employee directors of the Company ("Independent Directors") and of its subsidiaries and
to provide added incentive to such persons by increasing their ownership interest in the Company. 

        2.    Administration. This Plan shall be administered by the Board of Directors of the Company (the "Board") or, if the Board
shall authorize a committee of the Board to administer this Plan, by such committee to the extent so authorized; provided, however, that only the Board may suspend, amend or terminate this Plan as
provided in Section 11.1. The administrator of this Plan is referred to as the "Plan Administrator." 

        2.1  Procedures. The Board shall designate one member of the Plan Administrator as chairman. The Plan Administrator may hold
meetings at such times and places as it shall determine. The acts of a majority of the members of the Plan Administrator present at meetings at which a quorum exists, or acts approved in writing by
all Plan Administrator members, shall constitute valid acts of the Plan Administrator. 

        2.2  Powers. Subject to the specific provisions of this Plan, the Plan Administrator shall have the authority, in its
discretion: (a) to grant the stock options described in Section 5; (b) to determine, in accordance with Section 5.2 of this Plan, the exercise price per share of options;
(c) to interpret this Plan; (d) to prescribe, amend and rescind rules and regulations relating to this Plan; (e) to determine the terms and provisions of each option granted and,
with the consent of the Optionee, modify or amend each option; (f) to defer, with the consent of the Optionee, or to accelerate the exercise date of any option; (g) to waive or modify
any term or provision contained in any option applicable to the underlying shares of common stock of the Company (the "Common Stock"); (h) to authorize any executive officer to execute on
behalf of the Company any instrument required to effectuate the grant of an option; and (i) to make all other determinations deemed necessary or advisable for the administration of this Plan.
The interpretation and construction by the Plan Administrator of any terms or provisions of this Plan, any option issued hereunder or of any rule or regulation promulgated in connection herewith and
all actions taken by the Plan Administrator shall be conclusive and binding on all interested parties. The Plan Administrator may delegate administrative functions to individuals who are officers or
employees of the Company. 

        2.3  Limited Liability. No member of the Board or the Plan Administrator or officer of the Company shall be liable for any
action or inaction of the entity or body, or another person or, except in circumstances involving bad faith, of himself or herself. Subject only to compliance with the explicit
provisions hereof, the Board and Plan Administrator may act in their absolute discretion in all matters related to the Plan. 

        2.4  Securities Exchange Act of 1934. At any time that the Company has a class of securities registered pursuant to
Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this Plan shall be administered in accordance with Rule 16b-3 adopted under the Exchange
Act and Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations, proposed and final, thereunder, as all may be amended from time to time. 

        3.    Stock Subject to This Plan. Subject to adjustment as provided below and in Section 9 hereof, the stock subject to
this Plan shall be the Common Stock, and the total number of shares of Common Stock to be delivered on the exercise of all options granted under this Plan shall not exceed 500,000 shares as such
Common Stock was constituted on the date on which this Plan was first adopted by the Board as set forth on the last page hereof. If any option granted under this Plan expires, is surrendered,
exchanged for another option, canceled or terminated for any reason without having been exercised in full, the unpurchased shares subject thereto shall again be available for purposes of this 

1

 

Plan, including for replacement options that may be granted in exchange for such surrendered, canceled or terminated options. Shares issued on exercise of options granted under this Plan may be
subject to restrictions on transfer, repurchase rights or other restrictions as determined by the Plan Administrator. 

        4.    Eligibility. The Plan Administrator shall award options to any current or future Independent Director of the Company, and
may award options to any current or future non-employee director of any subsidiary thereof. As used in this Plan, the term "subsidiary" of the Company shall mean any corporation or other
business entity in which the Company owns, directly or indirectly, stock or other equity interests equal to 50% or more of the total combined voting power of all classes of stock or other equity
interests thereof. To the extent that the Plan Administrator awards options hereunder to a non-employee director of any subsidiary of the Company, the term "Independent Director" as used
herein shall refer to such person and the term "Company," as required by the context, shall refer to the subsidiary and not to Microvision, Inc. Any party to whom an option is granted under
this Plan is referred to as an "Optionee." 

        5.    Independent Director Stock Options.

        5.1  Awards.

        (a)  Mandatory Awards. The Plan Administrator shall grant to each Independent Director (i) an option to purchase 15,000
shares of Common Stock on the date upon which he or she is first elected or appointed to the Board, such option to be fully vested and exercisable as of the date of election or appointment, and
(ii) an option to purchase an additional 15,000 shares of Common Stock on the date
upon which he or she is (A) first elected or appointed to the Board and (B) subsequently reelected to the Board, which options shall vest in accordance with Section 5.3. 

        (b)  Discretionary Awards. The Plan Administrator shall have the authority, but not the obligation, to grant to each or any
Independent Director an option to purchase any number of shares of Common Stock as the Plan Administrator may in its discretion determine, subject to the limitations set forth in Section 3,
which option shall vest and shall have an exercise price as the Plan Administrator may in its discretion determine. 

        (c)  Special One-Time Grant. The Plan Administrator shall grant to each Independent Director serving as of
October 25, 2001, an option to purchase 10,000 shares of Common Stock, which option shall have a grant date of October 25, 2001, shall have an exercise price determined in accordance
with Section 5.2 and shall vest concurrently with the options granted under the Plan to Independent Directors on June 6, 2001. 

        5.2  Exercise Price. The exercise price of options issued under the Plan will be the average closing price of the Company's
Common Stock as reported on the Nasdaq National Market or, if the Common Stock is no longer listed thereon, such other principal exchange or market (including the
over-the-counter market) for the Company's Common Stock, during the ten (10) trading days prior to the date of grant. 

        5.3  Vesting. To ensure that the Company will achieve the purposes of and receive the benefits contemplated in this Plan,
options granted pursuant to the Plan will become vested in full as of the earlier of (i) the day prior to the date of the Company's Annual Meeting of Shareholders next following the date of
grant, or (ii) one year from the date of grant, provided the Independent Director continues to serve as an Independent Director of the Company or is employed by the Company or a subsidiary of
the Company as of such vesting date. 

        5.4  Nontransferability. Options granted under this Plan and the rights and privileges conferred hereby may not be
transferred, assigned, pledged or hypothecated in any manner (whether by operation of law or otherwise) other than by will or by the applicable laws of descent and 

2

 

distribution, shall not be subject to execution, attachment or similar process, and shall be exercisable during the Optionee's lifetime only by the Optionee. Any purported transfer or assignment in
violation of this provision shall be void. 

        5.5  Termination of Options. 

        (a)  Generally. Unless earlier termination results from the application of the provisions of this Section 5.5, each
option granted hereunder shall expire and all rights of the Optionee thereunder shall cease and terminate on the tenth anniversary of the date of its grant. 

        (b)  Disability or Death. If an Optionee is unable to continue his or her service as an Independent Director of the Company as
a result of his or her permanent and total disability (as defined in Section 22(e)(3) of the Code) or death, all unvested options issued under the Plan to such Optionee will become vested
immediately as of the date of disability or death. In such an event, the option may be exercised at any time before the earlier of (i) the expiration date of the option or (ii) twelve
(12) months after the date of (A) permanent and total disability or (B) death (by the person or persons to whom such Optionee's rights under the option shall pass by the
Optionee's will or by the applicable laws of descent and distribution), for up to the full number of shares of Common Stock covered thereby. 

        (c)  Failure to Exercise Option; Expiration. To the extent that an Optionee fails to exercise an option within the period
provided in this Section 5.5, all rights to purchase shares of Common Stock pursuant to such options shall cease and terminate. 

        6.    Option Agreements. Options granted under this Plan shall be evidenced by written stock option agreements (the "Option
Agreements") that shall contain such terms, conditions, limitations and restrictions as the Plan Administrator shall deem advisable and that are consistent with this Plan. All Option Agreements shall
include or incorporate by reference the applicable terms and conditions contained in this Plan. 

        7.    Exercise. 

        7.1  Procedure. Subject to Section 5.3 above, each option may be exercised in whole or in part; provided, however, that
no fewer than 100 shares (or the remaining shares then purchasable under the option, if less than 100 shares) may be purchased on any exercise of any option granted hereunder and that only whole
shares will be issued pursuant to the exercise of any option (the number of 100 shares shall not be changed by any transaction or action described in Section 9 unless the Plan Administrator
determines that such a change is appropriate). Options shall be exercised by delivery to the Secretary of the Company or his or her designated agent of notice of the number of shares with respect to
which the option is being exercised, together with payment in full of the exercise price and any applicable withholding taxes. 

        7.2  Payment. Payment of the option exercise price shall be made in full when the notice of exercise of the option is
delivered to the Secretary of the Company or his or her designated agent and shall be by personal, bank certified or cashier's check or through irrevocable instructions to a stock broker to deliver
the amount of sales proceeds necessary to pay the appropriate exercise price and withholding tax obligations, all in accordance with applicable governmental regulations, for the shares of Common Stock
being purchased. The Plan Administrator may determine at any time before exercise that additional forms of payment will be permitted. 

        7.3  Withholding. Before the issuance of shares of Common Stock on the exercise of an option, the Optionee shall pay to the
Company the amount of any applicable federal, state or local tax withholding obligations. The Company may withhold any distribution in whole or in part until the Company is so paid. The Company shall
have the right, subject to applicable law, to withhold such amount from any other amounts due or to become due from the Company to the Optionee, 

3

 

or to retain and withhold a number of shares having a market value not less than the amount of such taxes required to be withheld by the Company, to reimburse it for any such taxes and cancel (in
whole or in part) any such shares so withheld. 

        7.4  Conditions Precedent to Exercise. The Plan Administrator may establish conditions precedent to the exercise of any
option, which shall be described in the relevant Option Agreement. 

        8.    Foreign
Qualified Grants. Options under this Plan may be granted to Independent Directors of the Company who reside in foreign jurisdictions. The Board may adopt
supplements to the Plan as needed to comply with the applicable laws of such foreign jurisdictions and to give Optionees favorable treatment under such laws; provided, however, that no award shall be
granted under any such supplement on terms more beneficial to such Optionees than those permitted by this Plan. 

        9.    Adjustments On Changes in Capitalization. 

        9.1  Stock Splits, Capital Stock Adjustments. The aggregate number of shares for which options may be granted under this Plan,
the number and class of shares covered by each outstanding option and each such option shall all be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock
of the Company resulting from a stock split, stock dividend or consolidation of shares or any like capital stock adjustment. 

        9.2  Effect of Certain Events.

        (a)  Change in Control. In the event of a Change in Control (hereinafter defined), any unvested options issued under the Plan
will vest automatically upon the closing of the event causing the Change in Control. For the purpose of this Section 9.2, a "Change in Control" means the sale of more than 50% of the voting
control of the Company or its business to a third party, whether by means of merger, triangular merger, consolidation, sale of stock, sale of assets or similar transaction, but excluding
(i) any transaction among affiliated persons that does not result in a material change in ultimate ownership of the Company by individuals, or (ii) any transaction for the principal
purpose of funding the operations of the Company. 

        (b)  Liquidation; Dissolution. If the Company is liquidated or dissolved, options shall be treated in accordance with
Section 9.2(a). 

        (c)  Recapitalizations. If the outstanding Common Stock of the Company is hereafter increased or decreased or changed into or
exchanged for a different number or kind of shares or other securities of the Company or of another corporation by reason of any reorganization, merger, consolidation, plan of exchange,
recapitalization, reclassification, stock split-up, combination of shares or dividend payable in shares, (other than in the case of a Change in Control) appropriate adjustment shall be
made by the Company in the number and kind of shares issuable on exercise of the Options granted hereunder, so that the Optionee's proportionate interest before and after the occurrence of the event
is maintained. 

        9.3  Fractional Shares. If the number of shares covered by any option is adjusted, any fractional shares resulting from such
adjustment shall be disregarded and each such option shall cover only the number of full shares resulting from such adjustment. 

        9.4  Determination of Board to Be Final. All adjustments under this Section 9 shall be made by the Board, and its
determination as to what adjustments shall be made, and the extent thereof, shall be final, binding and conclusive. 

        10.  Securities Regulations. Shares of Common Stock shall not be issued with respect to an option granted under this Plan
unless the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all relevant provisions of law, including, without limitation, any applicable state
securities laws, the Securities Act of 1933, as amended, the Exchange Act, the rules 

4

 

and regulations promulgated thereunder, applicable laws of foreign countries and other jurisdictions and the requirements of any quotation service or stock exchange on which the shares may then be
listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance, including the availability of an exemption from registration for the issuance and sale
of any shares hereunder. The inability of the Company to obtain, from any regulatory body having jurisdiction, the authority deemed by the Company's counsel to be necessary for the lawful issuance and
sale of any shares hereunder or the unavailability of an exemption from registration for the issuance and sale of any shares hereunder shall relieve the Company of any liability with respect of the
nonissuance or sale of such shares as to which such requisite authority shall not have been obtained. 

        As
a condition to the exercise of an option, the Company may require the Optionee to represent and warrant at the time of any such exercise that the shares of Common Stock are being
purchased only for investment and without any present intention to sell or distribute such shares if, in the opinion of counsel for the Company, such a representation is required by any relevant
provision of the aforementioned laws. The Company may place a stop-transfer order against any shares of Common Stock on the official stock books and records of the Company, and a legend
may be stamped on stock certificates to the effect that the shares of Common Stock may not be pledged, sold or otherwise
transferred unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation. The Plan
Administrator may also require such other action or agreement by the Optionees as may from time to time be necessary to comply with the federal and state securities laws. THIS PROVISION SHALL NOT
OBLIGATE THE COMPANY TO UNDERTAKE REGISTRATION OF THE OPTIONS OR STOCK THEREUNDER. 

        11.  Amendment and Termination. 

        11.1 Plan. The Board may at any time suspend, amend or terminate this Plan, provided that, the approval of the Company's
shareholders is necessary within twelve (12) months before or after the adoption by the Board of any amendment that will: 

        (a)  increase
the number of shares of Common Stock to be reserved for the issuance of options under this Plan; 

        (b)  permit
the granting of stock options to a class of persons other than those now permitted to receive stock options under this Plan; or 

        (c)  require
shareholder approval under applicable law, including Section 16(b) of the Exchange Act. 

        11.2 Automatic Termination. Unless earlier suspended or terminated by the Board, the Plan will continue in effect until the
earlier of: (i) ten (10) years from the date on which it was adopted by the Board, or (ii) the date on which all shares available for issuance under the Plan have been issued. No
option may be granted after such termination or during any suspension of this Plan. The amendment or termination of this Plan shall not, without the consent of the Optionee, alter or impair any rights
or obligations under any option theretofore granted under this Plan. 

        12.  Miscellaneous.

        12.1 Time of Granting Options. The date of grant of an option shall, for all purposes, be the date on which the Independent
Director is elected, re-elected or appointed to the Board, and the execution of an Option Agreement and the conditions to the exercise of an option shall not defer the date of grant. 

        12.2 No Status as Shareholder. Neither the Optionee nor any party to which the Optionee's rights and privileges under the
option may pass shall be, or have any of the rights or privileges of, a shareholder of the Company with respect to any of the shares of Common Stock issuable on the exercise of any option granted
under this Plan unless and until such option has been exercised and 

5

 

the issuance (as evidenced by the appropriate entry on the books of the Company or duly authorized transfer agent of the Company) of the stock certificate evidencing such shares. 

        12.3 Reservation of Shares. The Company, during the term of this Plan, at all times will reserve and keep available such
number of shares of Common Stock as shall be sufficient to satisfy the requirements of this Plan. 

        13.  Effectiveness of This Plan. This Plan shall become effective on the date on which it is adopted by the Board. No option
granted under this Plan to any Independent Director of the Company shall become exercisable until the Plan is approved by the shareholders, and any option granted before such approval shall be
conditioned on and is subject to such approval. 

Plan
adopted by the Board on February 16, 2000. 

Plan
approved by the shareholders on June 22, 2000. 

Plan
amended by the Board on October 19, 2000. 

Plan
amended by the Board on February13, 2001. 

Plan
amended by the Board on October 25, 2001. 

Plan
amended by the Board on December 20, 2001. 

6

QuickLinks

MICROVISION, INC. INDEPENDENT DIRECTOR STOCK OPTION PLAN

MICROVISION, INC. INDEPENDENT DIRECTOR STOCK OPTION PLAN

Table of Contents

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00036-of-00352.parquet"}]]