Document:

EX-10.2

FORM
OF PERSONAL INDEMNIFICATION AGREEMENT

     This Personal Indemnification Agreement is entered into as                     , 2009 (the “Agreement”),
by and between Majesco Entertainment Company, a Delaware corporation (the “Company,” which term
shall include, where appropriate, any Entity (as hereinafter defined) controlled, directly or
indirectly, by the Company) and                      (the “Indemnitee”).

     WHEREAS, it is essential to the Company that it be able to retain and attract as directors and
officers the most capable persons available;

     WHEREAS, increased corporate litigation has subjected directors and officers to litigation
risks and expenses, and the limitations on the availability of directors and officers liability
insurance have made it increasingly difficult for the Company to attract and retain such persons;

     WHEREAS, the Company’s Restated Bylaws (the “Bylaws”) require it to indemnify its directors to
the fullest extent permitted by law and permit it to make other indemnification arrangements and
agreements;

     WHEREAS, the Company desires to provide Indemnitee with specific contractual assurance of
Indemnitee’s rights to full indemnification against litigation risks and expenses (regardless,
among other things, of any amendment to or revocation of the Company’s Amended and Restated
Certificate of Incorporation (the “Certificate of Incorporation”) or Bylaws or any change in the
ownership of the Company or the composition of its board of directors);

     WHEREAS, the Company intends that this Agreement provide Indemnitee with greater protection
than that which is provided by the Company’s Bylaws; and

     WHEREAS, Indemnitee is relying upon the rights afforded under this Agreement in becoming or
continuing as a director or officer of the Company.

     NOW, THEREFORE, in consideration of the promises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows:

     1. Definitions.

          (a) “Corporate Status” describes the status of a person who is serving or has served (i) as a
director of the Company, (ii) in any capacity with respect to any employee benefit plan of the
Company, or (iii) as a director, partner, trustee, officer, employee, or agent of any other Entity
at the request of the Company. For purposes of subsection (iii) of this Section 1(a), if Indemnitee
is serving or has served as a director, partner, trustee, officer, employee or agent of a
Subsidiary, Indemnitee shall be deemed to be serving at the request of the Company.

          (b) “Entity” shall mean any corporation, partnership, limited liability company, joint
venture, trust, foundation, association, organization or other legal entity.

          (c) “Enterprise” shall mean the Company and any Entity of which Indemnitee is or was serving
at the request of the Company as a director, officer, employee, agent or fiduciary.

          (d) “Expenses” shall mean all fees, costs and expenses incurred by Indemnitee in connection
with any Proceeding (as defined below), including, without limitation, attorneys’ fees,

 

 

disbursements and retainers (including, without limitation, any such fees, disbursements and
retainers incurred by Indemnitee pursuant to Sections 13 and 14(c) of this Agreement), fees and
disbursements of expert witnesses, private investigators and professional advisors
and other disbursements and expenses.

          (e) “Indemnifiable Amounts” shall have the meaning ascribed to that term in Section 3 below.

          (f) “Liabilities” shall mean judgments, damages, liabilities, losses, penalties,
excise taxes, fines and amounts paid in settlement.

          (g) “Proceeding” shall mean any threatened, pending or completed claim, action, suit,
arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal,
or any other proceeding, whether civil, criminal, administrative, arbitrative or investigative,
whether formal or informal, including a proceeding initiated by Indemnitee pursuant to Section 13
of this Agreement to enforce Indemnitee’s rights hereunder.

          (h) “Subsidiary” shall mean any Entity of which the Company owns (either directly or through
or together with another Subsidiary of the Company) either (i) a general partner, managing member
or other similar interest or (ii) (A) 50% or more of the voting power of the voting capital equity
interests of such Entity, or (B) 50% or more of the outstanding voting capital stock or other
voting equity interests of such Entity.

     2. Services of Indemnitee. In consideration of the Company’s covenants and
commitments hereunder, Indemnitee agrees to serve or continue to serve as a director or officer of
the Company. However, this Agreement shall not impose any obligation on Indemnitee or the Company
to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by
other agreements or commitments of the parties, if any. Indemnitee may at any time and for any
reason resign from such position (subject to any other contractual obligation or any obligation
imposed by operation of law), upon which event the Company shall have no obligation under this
Agreement to continue Indemnitee in such position. Notwithstanding the forgoing, this Agreement
shall continue in force until and terminate upon the later of: (a) ten (10) years after the date
that the Corporate Status of Indemnitee has been terminated and (b) the final termination of all
pending Proceedings.

     3. Indemnity in Third-Party Proceedings. The Company shall indemnify Indemnitee in
accordance with the provisions of this Section 3 if Indemnitee is, or is threatened to be made, by
reason of Indemnitee’s Corporate Status, a party to or a participant in any Proceeding, other than
a Proceeding by or in the right of the Company to procure a judgment in its favor. Pursuant to this
Section 3, Indemnitee shall be indemnified against all Expenses and Liabilities actually and
reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding or any claim,
issue or matter therein (indemnifiable Expenses and Liabilities collectively referred herein as
“Indemnifiable Amounts”), if Indemnitee acted in good faith and in a manner he or she reasonably
believed to be in or not opposed to the best interests of the Company and, in the case of a
criminal Proceeding, had no reasonable cause to believe that his or her conduct was unlawful.
Indemnitee shall not enter into any settlement in connection with a Proceeding without the consent
of the Company, which consent shall not be unreasonably withheld or delayed.

     4. Indemnity in Proceedings by or in the Right of the Company. The Company shall
indemnify Indemnitee in accordance with the provisions of this Section 4 if Indemnitee is, or is
threatened to be made, by reason of Indemnitee’s Corporate Status, a party to or a participant in
any Proceeding by
or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 4,
Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by him or on
his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee
acted in good faith

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and in a manner he reasonably believed to be in or not opposed to the best interests of the
Company. No indemnification for Expenses shall be made under this Section 4 in respect of any
claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be
liable to the Company, unless and only to the extent that the Delaware Court of Chancery (the
“Delaware Chancery Court”) or any court in which the Proceeding was brought shall determine upon
application that, despite the adjudication of liability, but in view of all the circumstances of
the case, Indemnitee is fairly and reasonably entitled to indemnification for such Expenses as the
Delaware Chancery Court or such other court shall deem proper.

     5. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. If
Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the
Company shall indemnify Indemnitee against: (a) all Expenses reasonably incurred by Indemnitee or
on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter; and
(b) any claim, issue or matter related to any such successfully resolved claim, issue or matter.
For purposes of this Agreement, the termination of any claim, issue or matter in such a Proceeding
by dismissal, with or without prejudice, by reason of settlement, judgment, order or otherwise,
shall be deemed to be a successful result as to such claim, issue or matter.

     6. Procedure for Payment of Indemnifiable Amounts. Indemnitee shall submit to the
Company a written request specifying the Indemnifiable Amounts for which Indemnitee seeks payment
under Sections 3, 4 or 5 of this Agreement and the basis for the claim. The Company shall pay such
Indemnifiable Amounts to Indemnitee promptly upon receipt of Indemnitee’s written request. If the
Indemnifiable Amounts have not been paid in full within sixty (60) days after the written request
has been received by the Company, Indemnitee may at any time thereafter bring suit against the
Company to recover any such unpaid amounts. At the request of the Company, Indemnitee shall
furnish such documentation and information as are reasonably available to Indemnitee and necessary
to establish that Indemnitee is entitled to indemnification hereunder.

     7. Indemnification for Expenses as a Witness. Notwithstanding any other provision of
this Agreement, to the extent that Indemnitee is, by reason of his or her Corporate Status, a
witness in any Proceeding to which Indemnitee is not a party, he or she shall be indemnified
against all Expenses actually and reasonably incurred by him or her or on his or her behalf in
connection therewith.

     8. Effect of Certain Resolutions. Neither the settlement or termination of any
Proceeding nor the failure of the Company to award indemnification or to determine that
indemnification is payable shall create a presumption that Indemnitee is not entitled to
indemnification hereunder. In addition, the
termination of any proceeding by judgment, order, settlement, conviction, or upon a plea of nolo
contendere or its equivalent shall not create a presumption that Indemnitee did not act in good
faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best
interests of the Company or, with respect to any criminal Proceeding, had reasonable cause to
believe that Indemnitee’s action was unlawful.

     9. Exclusions. Notwithstanding any provision in this Agreement to the contrary, the
Company shall not be obligated under this Agreement to make any indemnity in connection with any
claim made against Indemnitee:

          (a) for which payment has actually been made to or on behalf of Indemnitee under any insurance
policy or other indemnity provision, except with respect to any excess beyond the amount paid under
any insurance policy or other indemnity provisions;

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          (b) for an accounting of profits made from the purchase and sale (or sale and purchase) by
Indemnitee of securities of the Company within the meaning of Section 16(b) of the Securities
Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; or

          (c) for which payment is prohibited by applicable law.

     10. Agreement to Advance Expenses; Undertaking. The Company shall advance all
Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding, including a
Proceeding by or in the right of the Company, in which Indemnitee is involved by reason of such
Indemnitee’s Corporate Status within twenty (20) business days after the receipt by the Company of
a written statement from Indemnitee requesting such advance or advances from time to time, whether
prior to or after final disposition of such Proceeding. Advances shall be made without regard to
Indemnitee’s ability to repay the expenses and without regard to Indemnitee’s ultimate entitlement
to indemnification under the other provisions of this Agreement. To the extent required by Delaware
law, Indemnitee hereby undertakes to repay any and all of the amount of indemnifiable Expenses paid
to Indemnitee if it is finally determined by a court of competent jurisdiction that Indemnitee is
not entitled under this Agreement to indemnification with respect to such Expenses. This
undertaking is an unlimited general obligation of Indemnitee.

     11. Procedure for Advance Payment of Expenses. Indemnitee shall submit to the Company
a written request specifying the Expenses for which Indemnitee seeks an advancement under Section
10 of this Agreement, together with documentation evidencing that Indemnitee has incurred such
Expenses (which shall include invoices received by Indemnitee in connection with such Expenses but,
in the case of invoices in connection with legal services, any reference to legal work performed or
to expenditures made that would cause Indemnitee to waive any privilege accorded by applicable law
shall not be included with the invoice). Advances under Section 10 shall be made no later than
twenty (20) business days after the Company’s receipt of such request. If a claim for advancement
of Expenses hereunder by Indemnitee is not paid in full by the Company within twenty (20) business
days after receipt by the Company of documentation of Expenses and the required undertaking,
Indemnitee may at any time thereafter bring suit against the Company to recover the unpaid amount
of the claim and if successful
in whole or in part, Indemnitee shall also be entitled to be paid the expenses of prosecuting such
claim. The burden of proving that Indemnitee is not entitled to an advancement of expenses shall be
on the Company.

     12. Presumptions and Effect of Certain Proceedings.

          (a) In making a determination required to be made under Delaware law with respect to
entitlement to indemnification hereunder, the person, persons or entity making such determination
shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has
submitted a request for indemnification in accordance with Section 6 of this Agreement, and the
Company shall have the burden of proof to overcome that presumption in connection with the making
of any determination contrary to that presumption. Neither the failure of the Company or of any
person, persons or entity to have made a determination prior to the commencement of any action
pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee
has met the applicable standard of conduct, nor an actual determination by the Company or by any
person, persons or entity that Indemnitee has not met such applicable standard of conduct, shall be
a defense to the action or create a presumption that Indemnitee has not met the
applicable standard of conduct.

          (b) The termination of any Proceeding or of any claim, issue or matter therein, by judgment,
order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not

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(except as otherwise expressly provided in this Agreement) of itself adversely affect the right of
Indemnitee to indemnification or create a presumption that Indemnitee did not act in
good faith and in a manner which he reasonably believed to be in or not opposed to the best
interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had no
reasonable cause to believe that his conduct was unlawful.

          (c) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted
in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise,
including financial statements, or on information supplied to Indemnitee by the officers of the
Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or
the board of directors or counsel selected by any committee of the board of directors or on
information or records given or reports made to the Enterprise by an independent certified public
accountant or by an appraiser, investment banker or other expert selected with reasonable care by
the Company or the board of directors or any committee of the board of directors. The provisions of
this Section 12(c) shall not be deemed to be exclusive or to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct
set forth in this Agreement.

          (d) The knowledge and/or actions, or failure to act, of any director, officer, agent or
employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right
to indemnification under this Agreement.

     13. Remedies of Indemnitee.

          (a) Right to Petition Court. In the event that Indemnitee makes a request for payment
of Indemnifiable Amounts under Sections 3, 4 and 5 above or a request for an advancement of
Expenses under Sections 10 and 11 above and the Company fails to make such payment or advancement
in a timely manner pursuant to the terms of this Agreement, Indemnitee may petition the Delaware
Chancery Court to enforce the Company’s obligations under this Agreement.

          (b) Burden of Proof. In any judicial proceeding brought under Section 13(a) above, the
Company shall have the burden of proving that Indemnitee is not entitled to payment of
Indemnifiable Amounts hereunder.

          (c) Expenses. The Company agrees to reimburse Indemnitee in full for any Expenses
incurred by Indemnitee in connection with investigating, preparing for, litigating, defending or
settling any action brought by Indemnitee under Section 13(a) above, or in connection with any
claim or counterclaim brought by the Company in connection therewith, if Indemnitee is successful
in whole or in part in connection with any such action.

          (d) Failure to Act Not a Defense. The failure of the Company (including its board of
directors or any committee thereof, independent legal counsel, or stockholders) to make a
determination concerning the permissibility of the payment of Indemnifiable Amounts or the
advancement of indemnifiable Expenses under this Agreement shall not be a defense in any action
brought under Section 13(a) above, and shall not create a presumption that such payment or
advancement is not permissible.

     14. Defense of the Underlying Proceeding.

          (a) Notice by Indemnitee. Indemnitee agrees to notify the Company within five (5)
calendar days of being served with any summons, citation, subpoena, complaint, indictment,
information, or other document relating to any Proceeding which may result in the payment of
Indemnifiable Amounts

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or the advancement of Expenses hereunder; provided, however, that the failure to give any such
notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right
of Indemnitee, to receive payments of Indemnifiable Amounts or advancements of Expenses unless the
Company’s ability to defend in such Proceeding is materially and adversely prejudiced thereby.

          (b) Defense by Company. Subject to the provisions of the last sentence of this Section
14(b) and of Section 14(c) below, the Company shall have the right to defend Indemnitee in any
Proceeding which may give rise to the payment of Indemnifiable Amounts hereunder; provided,
however, that the Company shall notify Indemnitee of any such decision to defend within thirty (30)
calendar days of receipt of notice of any such Proceeding under Section 14(a) above. The Company
shall not, without the prior written consent of Indemnitee, consent to the entry of any judgment
against Indemnitee or enter into any settlement or compromise which (i) includes an admission of
fault of Indemnitee or (ii) does not include, as an unconditional term thereof, the full release of
Indemnitee from all liability in respect of such Proceeding, which release shall be in form and
substance reasonably satisfactory to Indemnitee. This Section 14(b) shall not apply to a Proceeding
brought by Indemnitee under Section 13(a) above or pursuant to Section 22 below.

          (c) Indemnitee’s Right to Counsel. Notwithstanding the provisions of Section 14(b)
above, if in a Proceeding to which Indemnitee is a party by reason of Indemnitee’s Corporate
Status, (i) Indemnitee reasonably concludes that he or she may have separate defenses or
counterclaims to assert with respect to any issue which may not be consistent with the position of
other defendants in such Proceeding, (ii) a conflict of interest or potential conflict of interest
exists between Indemnitee and the Company, or (iii) if the Company fails to assume the defense of
such proceeding in a timely manner, Indemnitee shall be entitled to be represented by a separate
legal counsel of Indemnitee’s choice at the expense of the Company. In addition, if the Company
fails to comply with any of its obligations under this Agreement or in the event that the Company
or any other person takes any action to declare this Agreement void or unenforceable, or institutes
any action, suit or proceeding to deny or to recover from Indemnitee the benefits intended to be
provided to Indemnitee hereunder, Indemnitee shall have the right to retain a counsel of
Indemnitee’s choice, at the expense of the Company, to represent Indemnitee in connection with any
such matter.

     15. Representations and Warranties of the Company. The Company hereby represents and
warrants to Indemnitee as follows:

          (a) Authority. The Company has all necessary power and authority to enter into, and be
bound by the terms of, this Agreement, and the execution, delivery and performance of the
undertakings contemplated by this Agreement have been duly authorized by the Company.

          (b) Enforceability. This Agreement, when executed and delivered by the Company in
accordance with the provisions hereof, shall be a legal, valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or
similar laws affecting the enforcement of creditors’ rights generally.

     16. Insurance. The Company shall, from time to time, make the good faith
determination whether or not it is practicable for the Company to obtain and maintain a policy or
policies of insurance with a reputable insurance company providing the Indemnitee with coverage for
losses from wrongful acts. For so long as Indemnitee shall remain a director of the Company and
with respect to any such prior service, in all policies of director and officer liability
insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the
same rights and benefits as are accorded to the most favorably insured of the Company’s directors.
Notwithstanding the foregoing, the Company shall 
have no

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obligation to obtain or maintain such insurance. The Company shall promptly notify Indemnitee of
any good faith determination not to provide such coverage.

     17. Contract Rights Not Exclusive. The rights to payment of Indemnifiable Amounts and
advancement of indemnifiable Expenses provided by this Agreement shall be in addition to, but not
exclusive of, any other rights which Indemnitee may have at any time under applicable law, the
Company’s Certificate of Incorporation or Bylaws, or any other agreement, vote of stockholders or
directors (or a committee of directors), or otherwise, both as to action in Indemnitee’s official
capacity and as to action in any other capacity as a result of Indemnitee’s serving as a director
of the Company.

     18. Successors. This Agreement shall be (a) binding upon all successors and assigns
of the Company (including any transferee of all or a substantial portion of the business, stock
and/or assets of the Company and any direct or indirect successor by merger or consolidation or
otherwise by operation of law) and (b) binding on and shall inure to the benefit of the heirs,
personal representatives, executors and administrators of Indemnitee. This Agreement shall
continue for the benefit of Indemnitee and such
heirs, personal representatives, executors and administrators after Indemnitee has ceased to have
Corporate Status.

     19. Subrogation. In the event of any payment of Indemnifiable Amounts under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of
contribution or recovery of Indemnitee against other persons, and Indemnitee shall take, at the
request of the Company, all reasonable action necessary to secure such rights, including the
execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights.

     20. Change in Law. To the extent that a change in Delaware law (whether by statute or
judicial decision) shall permit broader indemnification or advancement of expenses than is provided
under the terms of the Bylaws and this Agreement, Indemnitee shall be entitled to such broader
indemnification and advancements, and this Agreement shall be deemed to be amended to such extent.

     21. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such a manner as to be effective and valid under applicable law, but if any
provision of this Agreement, or any clause thereof, shall be determined by a court of competent
jurisdiction to be illegal, invalid or unenforceable, in whole or in part, such provision or clause
shall be limited or modified in its application to the minimum extent necessary to make such
provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this
Agreement shall remain fully enforceable and binding on the
parties.

     22. Indemnitee as Plaintiff. Except as provided in Section 13(c) of this Agreement
and in the next sentence, Indemnitee shall not be entitled to payment of Indemnifiable Amounts or
advancement of indemnifiable Expenses with respect to any Proceeding brought by Indemnitee against
the Company, any Entity which it controls, any director or officer thereof, or any third party,
unless the board of directors of the Company has consented to the initiation of such Proceeding.
This Section 22 shall not apply to counterclaims or affirmative defenses asserted by Indemnitee in
an action brought against Indemnitee.

     23. Modifications and Waiver. Except as provided in Section 20 above with respect to
changes in Delaware law which broaden the right of Indemnitee to be indemnified by the Company, no
supplement, modification or amendment of this Agreement shall be binding unless executed in writing
by each of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed
or
shall constitute a waiver of any other provisions of this Agreement (whether or not similar), nor
shall such waiver constitute a continuing waiver.

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     24. General Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered by
hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by certified
or registered mail with postage prepaid, on the third business day after the date on which it is so
mailed:

	 	 	 	 	 
	 

	 	(i) If to Indemnitee, to:	 	 
	 

	 	 	 	DIRECTOR INFORMATION
	 

	 	 	 	ADDRESS
	 

	 	 	 	ADDRESS
	 
	 	 	 	 
	 

	 	(ii) If to the Company, to:	 	 
	 
	 	 	 	 
	 

	 	 	 	Majesco Entertainment Company
	 

	 	 	 	160 Raritan Center Parkway
	 

	 	 	 	Edison, NJ 08837
	 

	 	 	 	Telephone: 732-225-8910
	 

	 	 	 	Fax: 732-225-8408
	 

	 	 	 	Attention: General Counsel

or to such other address as may have been furnished in the same manner by any party to the others.

     25. Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware without regard to its rules of
conflict of laws. Each of the Company and the Indemnitee hereby irrevocably and unconditionally
consents to submit to the exclusive jurisdiction of the Delaware Chancery Court and the courts of
the United States of America located in the State of Delaware (the “Delaware Courts”) for any
litigation arising out of or relating to this Agreement and the transactions contemplated hereby
(and agrees not to commence any litigation relating thereto except in such courts), waives any
objection to the laying of venue of any such litigation in the Delaware Courts and agrees not to
plead or claim in any Delaware Court that such litigation brought therein has been brought in an
inconvenient forum.

(Remainder of page intentionally left blank. Signature page(s) to follow.)

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     IN WITNESS WHEREOF, the parties hereto have executed this Personal Indemnification Agreement
as of the day and year first above written.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	MAJESCO ENTERTAINMENT COMPANY	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 
	 	Name:
	 	 

	 	 
	 

	 	 	 	Title:exv10w3

Exhibit 10.3

RULE 408 SETTLEMENT COMMUNICATION

COMPROMISE SETTLEMENT AGREEMENT AND RELEASE

1. PARTIES.

     This Compromise Settlement Agreement and Release (“Agreement”) is executed and entered into
effective this 12th day of July, 2003 (the “Effective Date”), by and between:

          (a) Mobility Electronics, Inc. (“Mobility”);

          (b) Targus Group International, Inc. (“Targus”);

          (c) Comarco, Inc.;

          (d) Comarco Wireless Technologies, Inc. (Comarco, Inc. and Comarco Wireless Technologies, Inc.
are collectively referred to as “Comarco”);

          (e) Xtend Micro Products, Inc. (“Xtend”);

          (f) iGo Corporation;

          (g) iGo Direct Corporation (iGo Corporation and iGo Direct Corporation are collectively
referred to as “iGo”); and

          (h) Hipro Electronics Company, Ltd. (“Hipro”).

2. RECITALS.

     2.1 Mobility is in the business of designing, manufacturing, marketing and selling products
for the computer industry, and in particular products that allow the operation of portable and
handheld computers and other mobile devices such as the recently launched “Juice” product.

     2.2 Comarco is in the business of designing, manufacturing, marketing and selling products for
the computer and wireless industry, including power adapters and programming tips therefore, sold
under the ChargeSource® brand name. Targus purchases from Comarco, and thereafter sells and
distributes, the ChargeSource® products.

     2.3 Mobility has filed a Complaint for patent infringement and for declaratory judgment
against Comarco and Targus in Cause No. Civ-01-1489-PHX-MHM in the United States District Court for
the District of Arizona. Comarco and Targus have filed an Answer to the Complaint denying any
liability to Mobility.

     2.4 Comarco has filed a Complaint for patent infringement against Xtend and iGo now pending in
Cause No. Civ-02-2201 in the United States District Court for the District of Arizona. Xtend and
iGo have filed an Answer to the Complaint denying any liability to Comarco.

     2.5 Comarco has filed a Complaint for Patent Infringement and false marking against Mobility,
Hipro and iGo in Cause No. Civ-03-202-PHX-MHM in the United States District Court for the District
of Arizona. Mobility, Hipro and iGo have filed an Answer to the Complaint denying any liability to
Comarco.

     2.6 The foregoing lawsuits shall be collectively referred to herein as the “Litigation.”

     2.7 Comarco is the owner of:

 

 

          (a) U.S. Patent No. 6,172,884 entitled “Small Form Factor Power Supply for Powering
Electronics Appliances,” issued January 9, 2001 (the “884 Patent”);

          (b) U.S. Patent No. 6,091,611 entitled “Connectors Adapted for Controlling a Small Form Factor
Supply,” issued July 18, 2001 (the “611 Patent”);

          (c) U.S. Patent No. 5,838,554 entitled “Small Form Factor Power Supply for Powering
Electronics Appliances,” issued November 17, 1998 (the “554 Patent”);

          (d) U.S. Patent Application No. 10/277,116 filed October 21, 2002, published as Patent
Application Pub. No. US 2003/0042881 A1 on March 6, 2003, and entitled “Programmable Power Supply”
(the “116 Application”);

          (e) Any foreign national patents that issue from PCT Application No. WO2001US10660 filed April
2, 2001, published on October 11, 2001 as Publication No. WO20011760512, (the “PCT Application”);
and

          (f) EPO Application No. 01926559.4, Publication No. 1273093 (the “EPO Application”) (the 884
Patent, the 611 Patent, the 554 Patent, the 116 Application, the PCT Application and the EPO
Application are collectively referred to as the “Comarco Patents”).

     2.8 Mobility is the owner of:

          (a) U.S. Patent No. 5,347,211 entitled “Selectable Output Power Converter,” issued September
13, 1994 (the “211 Patent”);

          (b) U.S. Patent No. 6,433,274 entitled “Power Converter Device,” issued August 13, 2002 (the
“274 Patent”);

          (c) U.S. Patent Application No. 10/159,910 filed May 31, 2002, published as Patent Application
Publication Pub. No. US 2003/0081439 A1 on May 1, 2003, and entitled “Dual Input AC/DC/Battery
Operated Power Supply” (the “910 Application”);

          (d) U.S. Patent Application No. 10/005,961 filed December 3, 2001, published as Patent
Application Publication Pub. No. US 2003/0103366 A1 on June 5, 2003, and entitled “Dual Input AC/DC
to Programmable DC Output Converter” (the “961 Application”); and

          (e) U.S. Patent Application No. 10/225,933 filed August 22, 2002, published as Patent
Application Publication Pub. No. US 2003/0080263 A1 on May 1, 2003, and entitled “Dual Input AC and
DC Power Supply Having a Programmable DC Output Utilizing Single-Loop Optical Feedback” (the “933
Application”) (the 211 Patent, the 274 Patent, the 910 Application, the 961 Application, and the
933 Application are collectively referred to as the “Mobility Patents”).

     2.9 While denying liability and acting solely for the purposes of compromising and settling
the Litigation, and in order to avoid the risk, cost, and burden of litigation and participation
therein, the Parties desire to compromise, settle and release claims against one another to the
extent provided for herein.

3. CONSIDERATION.

     In consideration for the Parties’ agreement to release each other, as set forth herein, and
the other promises contained herein, the Parties agree as follows:

     3.1 Comarco hereby grants to Mobility a non-exclusive, perpetual, royalty-free, worldwide
license (without the right to sublicense) to make, have made, to offer to sell and sell (and to
have offered for sale and have sold) to import (and have imported) to distribute (and have
distributed) and to use any product which would, without this license, infringe or contribute to or
induce the infringement of any claim of the following patents, either literally or under the
doctrine of equivalents: (a) the Comarco Patents; (b) all continuations, continuations-in-part,
continued prosecution, request for continued examination, divisional, reexamination and reissue
applications of and patents

 

 

issuing from the Comarco Patents and from the applications that issued as the Comarco Patents; (c)
all patents and patent applications claiming priority from, or from which priority is claimed by,
the Comarco Patents and/or that which is described in (b) above; (d) any foreign counterparts or
equivalents to any of the foregoing; and (e) any other current and future patents having claims
reciting, but only as to the specific claims that recite, either directly or by virtue of claim
dependency, at least one of the following (i) the combining of AC to DC and DC to DC power
conversion in a single power adapter, and/or (ii) programming of a power adapter using circuitry
(including without limitation one or more resistors) in a connector of any type (including without
limitation a tip), detachable from a cable coupled to the power adapter, and/or (iii) substantially
simultaneous charging of at least two devices with a single power adapter (all the foregoing are
collectively referred to as “Licensed Comarco Patents”). Notwithstanding the foregoing, the term
“Licensed Comarco Patents” does not include, and Comarco does not grant any license under this
Section 3.1 as to, any patent claims reciting a small form factor power supply or adapter that
utilizes planer magnetics integrated into a circuit board. The licenses granted in this Section 3.1
shall run with title to each of the Licensed Comarco Patents, and shall bind any assignee or other
person to whom any such Licensed Comarco Patents or any interest therein may be conveyed.

     3.2 Mobility hereby grants to Comarco a non-exclusive, perpetual, royalty-free, worldwide
license (without the right to sublicense) to make, have made, to offer to sell and sell (and to
have offered for sale and have sold) to import (and have imported) to distribute (and have
distributed) and to use any product which would, without this license, infringe or contribute to or
induce the infringement of any claim of the following patents, either literally or under the
doctrine of equivalents: (a) the Mobility Patents; (b) all continuations, continuations-in-part,
continued prosecution, request for continued examination, divisional, reexamination and reissue
applications of and patents issuing from the Mobility Patents and from the applications that issued
as the Mobility Patents; (c) all patents and patent applications claiming priority from, or from
which priority is claimed by, the Mobility Patents and/or that which is described in (b) above; (d)
any foreign counterparts or equivalents to any of the foregoing; and (e) any other current and
future patents having claims reciting, but only as to the specific claims that recite, either
directly or by virtue of claim dependency, at least one of the following (i) the combining of AC to
DC and DC to DC power conversion in a single power adapter, and/or (ii) programming of a power
adapter using circuitry (including without limitation one or more resistors) in a connector of any
type (including without limitation a tip), detachable from a cable coupled to the power adapter,
and/or (iii) substantially simultaneous charging of at least two devices with a single power
adapter (all the foregoing are collectively referred to as “Licensed Mobility Patents”).
Notwithstanding the foregoing, the term “Licensed Mobility Patents” does not include, and Mobility
does not grant any license under this Section 3.2 as to, any patent claims contained in the 274
Patent other than patent claims 6, 9 and 13. The licenses granted in this Section 3.2 shall run
with title to each of the Licensed Mobility Patents, and shall bind any assignee or other person to
whom any such Licensed Mobility Patents or any interest therein may be conveyed.

     3.3 The Parties agree they will not challenge, or cause or encourage any third party to
challenge, or assist or aid or abet any third party in challenging, the validity or enforceability
of any of the currently issued Comarco Patents or Mobility Patents, in any action or proceeding,
including without limitation proceedings in any court or before any patent office.

     3.4 The Parties each agree that it will not seek its court costs, attorneys’ fees or expenses
incurred in or relating to the Litigation from any other Party. All Parties agree that no Party
shall be liable to any other Party for the payment of any sum of money relating to the Litigation
for any reason.

     3.5 Comarco and Mobility agree to each issue separately a mutually agreed upon press release
announcing the settlement of the Litigation. Comarco and Mobility will use their respective
commercially reasonable best efforts to reach agreement on the press release by close of business
on Monday, July 14, 2003. Other than the issued agreed press release, the Parties agree to keep the
terms of and all copies of this settlement confidential and to not disclose same to any third
person or party, except: (a) with the prior written consent of all other Parties, provided however
in such a case Mobility shall be entitled to provide consent for itself and Xtend and iGo; or (b)
to any governmental body or judicial entity having jurisdiction and calling therefor; or (c) in
response to a discovery request or subpoena in a litigation; or (d) as otherwise may be required by
law and the rules or regulations pertaining to such laws, including but not limited to, the U.S.
Securities and Exchange Commission; or (e) to auditors or accountants for the Parties having a need
to review such information; or (f) to legal counsel representing the Party. In the case of (c),
however, the Parties agree they will not disclose the terms of this settlement nor a copy of this
Agreement without providing written notice of the request for same to all Parties so

 

 

that any Party may object to the disclosure of the information sought or the production of the
Agreement and have a reasonable opportunity to seek appropriate relief from a court of competent
jurisdiction.

4. RELEASE.

     4.1 Except for the rights and obligations created by this Agreement, in consideration for the
commitment of Targus and Comarco to the various arrangements described in this Agreement, and in
lieu of other benefits, Mobility, Xtend, iGo and Hipro, on behalf of themselves and their
respective heirs, executors, successors, assigns, and agents, (the “Mobility Parties”) irrevocably
and unconditionally release and discharge (i) Targus and Comarco; (ii) their respective past,
present and future owners, shareholders, parents, subsidiaries, successors, assigns, divisions,
units, officers, directors, employees, agents, attorneys, and representatives; (iii) their
respective past, present and future vendors, suppliers, manufacturers, distributors, customers, and
end users; and (iv) and any other entity associated in any way with the making, assembly, using,
distribution, maintenance, selling, offering for sale, repair, reconstruction, and/or importing of
any products, from and against any and all claims, counterclaims, demands, causes of action,
damages, losses, debts, obligations, suits, costs, expenses, fees (including, but not limited to,
attorneys’ fees and expert witness fees), and liabilities of any kind whatsoever, upon any legal or
equitable theory of any jurisdiction, whether contractual, tortious, common law, statutory,
federal, state, local, or otherwise, in the United States and throughout the world, whether known
or unknown, which they have or may have had since the beginning of time, arising out of or relating
to the Mobility Patents, or any facts, events or conduct that was actually alleged, or that may
have been alleged, in the Litigation including, but not limited to, the alleged infringement of any
claim in the Mobility Patents. This release does not release any third parties for their conduct
that is unrelated to Targus or Comarco or to products made by or for, sold or offered for sale by
Targus or Comarco. Notwithstanding the foregoing or any other provision of this Agreement, nothing
in this Agreement shall effect a release by the Mobility Parties of Targus for any claims any
Mobility Party may have or hereafter have against Targus which claims do not arise out of the
Comarco Patents (including, without limitation, any such claims arising out of the Private Label
and Manufacturing Agreement between Targus and Electronic Accessory Specialists International, Inc.
(dba Mobility Electronics) dated May 11, 1998).

     4.2 Except for the rights and obligations created by this Agreement, in consideration for the
commitment of Mobility, Xtend, iGo and Hipro to the various arrangements described in this
Agreement, and in lieu of other benefits, Targus and Comarco, on behalf of themselves and their
respective heirs, executors, successors, assigns, and agents, irrevocably and unconditionally
release and discharge (i) Mobility, Xtend, iGo and Hipro; (ii) their respective past, present and
future owners, shareholders, parents, subsidiaries, successors, assigns, divisions, units,
officers, directors, employees, agents, attorneys, and representatives; (iii) their respective
past, present and future vendors, suppliers, manufacturers, distributors, customers, and end users;
and (iv) and any other entity associated in any way with the making, assembly, using, distribution,
maintenance, selling, offering for sale, repair, reconstruction, and/or importing of any products,
from and against any and all claims, counterclaims, demands, causes of action, damages, losses,
debts, obligations, suits, costs, expenses, fees (including, but not limited to, attorneys’ fees
and expert witness fees), and liabilities of any kind whatsoever, upon any legal or equitable
theory of any jurisdiction, whether contractual, tortious, common law, statutory, federal, state,
local, or otherwise, in the United States and throughout the world, whether known or unknown, which
they have or may have had since the beginning of time, arising out of or relating to the Comarco
Patents, or any facts, events or conduct that was actually alleged, or that may have been alleged,
in the Litigation including, but not limited to, the alleged infringement of any claim in the
Comarco Patents. This release does not release any third parties for their conduct that is
unrelated to Mobility, Xtend, iGo and Hipro or to products made by or for, sold or offered for sale
by Mobility, Xtend, iGo and Hipro. Notwithstanding the foregoing or any other provision of this
Agreement, nothing in this Agreement shall effect a release by Targus of any Mobility Party for any
claims Targus may have or hereafter have against the Mobility Parties which claims do not arise out
of the Comarco Patents (including, without limitation, any such claims arising out of the Private
Label and Manufacturing Agreement between Targus and Electronic Accessory Specialists
International, Inc. (dba Mobility Electronics) dated May 11, 1998).

     4.3 If any person or entity that is not a signatory to this Agreement but is otherwise a
beneficiary of a release set forth in Section 4.1 or 4.2 above (a “Beneficiary”) files a lawsuit
against the person or entity (including a signatory hereto) that gave the release to such
Beneficiary (the “Releasing Party”) asserting a claim against the Releasing Party that has been
released as against the Releasing Party in Section 4.1 or 4.2 above (as the case may be), then the
release by such Releasing Party set forth in Section 4.1 or 4.2 (as the case may be) shall be null
and

 

 

void and of no further force or effect as to, and only as to, such Beneficiary unless the
Beneficiary dismisses the asserted claim from the lawsuit within thirty (30) days of the
Beneficiary and all other Parties to this Agreement receiving written notice from the Releasing
Party that the claim asserted by the Beneficiary has been released and demanding that the claim be
dismissed.

     4.4 The Parties acknowledge that they understand the significance and potential consequences
of their releases of unknown claims. The Parties intend that the claims released by them under this
Agreement be construed as broadly as possible and agree that they waive and relinquish all rights
and benefits they may have under Section 1542 of the Civil Code of the State of California, or any
similar statute or law of any other jurisdiction. Section 1542 reads as follows: “A GENERAL RELEASE
DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE
TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT
WITH THE DEBTOR.”

     4.5 Notwithstanding Sections 3.4 or 4.2 or any other provision of this Agreement, this
Agreement shall have no effect on any other agreements or contracts between Comarco and Targus.

5. DENIAL OF LIABILITY.

     The Parties further agree that liability for the claims which are the subject matter of the
Litigation has been expressly denied by all Parties and that this Agreement shall not be construed,
and is not intended to be construed, by the Parties as an admission of liability. This Agreement is
a compromise, resolution and settlement of the claims released above in Article 4, which are
disputed, in order to avoid the uncertainty, time, trouble and expense of litigation. No promise or
inducement has been offered except as set forth herein. This Agreement is executed without reliance
upon any oral, written, express or implied representations, statements, promises, warranties or
other inducement of any nature or sort made by any person or party hereto other than as is
expressly set forth herein.

6. OWNERSHIP AND AUTHORITY.

     The Parties separately represent and warrant that each (i) is the sole owner of each and every
claim, cause of action, right and chose in action compromised, settled, or released pursuant to
this Agreement and it has not previously assigned, sold, transferred, conveyed, or encumbered same;
and (ii) has the full right, power and authority to enter into and execute this Agreement. Mobility
further represents and warrants that no third party, including without limitation any prior owner
of rights in the 211 Patent and the 274 patent, has any present rights in the 211 Patent or the 274
Patent, including without limitation, the right to sue for or otherwise assert a claim for
infringement of the 211 Patent or the 274 Patent, or entitlement to any damages for alleged
infringement, past, present, or future, of the 211 Patent or the 274 Patent. Comarco further
represents and warrants that no third party, has any present rights in the 884 Patent, the 611
Patent and the 554 Patent, including without limitation, the right to sue for or otherwise assert a
claim for infringement of the 884 Patent, the 611 Patent or the 554 Patent or entitlement to any
damages for alleged infringement, past, present, or future, of the 884 Patent, the 611 Patent and
the 554 Patent.

7. RESOLUTION OF THE LITIGATION.

     The Parties shall, through counsel, immediately execute an agreed order of dismissal with
prejudice in the form attached hereto as Exhibit 1. The original order shall be promptly delivered
to counsel for Mobility for submission to the Court for signature, entry and filing and may be
accompanied by, as appropriate, an agreed motion to dismiss.

8. APPLICABLE LAW.

     This Agreement shall be governed by, construed and enforced in accordance with the laws of the
State of Arizona.

9. OTHER PROVISIONS.

 

 

     9.1 It is further expressly agreed and understood that this document sets forth the entire
consideration for this Agreement and that said consideration for this Agreement is contractual and
not a mere recital. All agreements and understandings between the Parties are embodied and
expressed herein. There are no unwritten oral agreements between the Parties.

     9.2 This Agreement shall inure to the benefit of, and shall be binding upon, the Parties and
their respective heirs, executors, administrators, trustees, successors, assigns, and all Parties
in privity with or claiming under them.

     9.3 This Agreement embodies, merges and integrates all prior and current agreements and
understandings of the Parties with respect to the subject matter hereof, and may not be clarified,
modified, changed or amended except in writing signed by each and every one of the signatories
hereto or their other authorized representatives; provided, however, nothing in this Agreement is
intended to, or shall be construed as, requiring Mobility to obtain consent from any Party other
than Comarco with respect to clarifying, modifying, changing or amending the rights granted by
Comarco to Mobility in Section 3.1, or requiring Comarco to obtain consent from any Party other
than Mobility with respect to clarifying, modifying, changing or amending the rights granted by
Mobility to Comarco in Section 3.2.

     9.4 All representations and warranties contained herein shall survive the execution and
delivery of this Agreement and the execution and delivery of any other document or instrument
referred to herein.

     9.5 The Parties acknowledge that they have had the opportunity to obtain, and have obtained,
advice on the terms of this Agreement from independent legal counsel retained to represent them in
this matter. None of the Parties has relied upon any representation by the other Parties in
executing this Agreement. Each of the Parties has conducted its own analysis regarding and due
diligence concerning this Agreement. Each Party hereto agrees that any omissions to state facts
concerning the matters covered by this Agreement are of no consequence in the determination to
execute this Agreement. Although one Party or the other may have prepared certain of the language
in this Agreement, this Agreement is the product of arms-length negotiations between sophisticated
Parties. Each Party hereto waives any rule of contract construction whereby an ambiguity would be
construed against the drafting Party.

10. ASSIGNMENT.

     Comarco and Mobility may assign this Agreement in connection with a change in ownership,
merger, acquisition, the sale or transfer of all or substantially all of their business or assets
to which this Agreement relates, provided that the assigning Party (Comarco or Mobility as the case
may be) pays the non-assigning Party (Comarco or Mobility as the case may be) US$5,000,000.00 on or
before the date the assignment is effective. Except for an assignment in accordance with the
immediately preceding sentence, this Agreement or any right or obligation hereunder is not
assignable, whether in conjunction with a change in ownership, merger, acquisition, the sale or
transfer of all, or substantially all of any part of a Party’s business or assets or otherwise,
either voluntarily, by operation of law, or otherwise. Any purported assignment of this Agreement
in violation of this Section 10 shall be null and void and of no force or effect. This Agreement
shall be binding upon and inure to the benefit of the Parties and their permitted successors and
assigns. Nothing in this Agreement is intended to, or shall be construed as, requiring Mobility to
obtain consent from any Party with respect to any assignment or grant of any license to or rights
in the Mobility Patents, or requiring Comarco to obtain consent from any Party with respect to any
assignment or grant of any license to or rights in the Comarco Patents.

11. COUNTERPARTS.

     This Agreement may be executed in counterparts or with detachable signature pages and shall
constitute one agreement, binding upon all Parties thereto as if all Parties signed the same
document.

12. HEADINGS.

     The headings used in this Agreement are intended solely for the convenience of reference, and
should not in any manner amplify, limit, modify or otherwise be used in the interpretation of any
of the provisions of this Agreement.

 

 

13. CONTACT INFORMATION.

     The Parties agree that if notice is required to be served for any reason under this Agreement,
such notice shall be sent, in writing, via certified mail and telecopy to the person(s) listed
below:

For Mobility, Xtend and iGo:

Charles R. Mollo

President & CEO

Mobility, Electronics, Inc.

17800 N. Perimeter Dr., Suite 200

Scottsdale, Arizona 85255

Telephone: (602) 351-8000

Fax: (480) 596-0349

With a copy to:

Robert P. Latham

Jackson Walker L.L.P.

901 Main Street, Suite 6000

Dallas, Texas 75202

Telephone: (214) 953-6000

Fax: (214) 953-5822

For Comarco:

Thomas Franza

2 Cromwell

Irvine, CA 92618

Telephone: (949) 599-7440

Fax: (949) 599-1415

With a copy to:

Evan Finkel

Pillsbury Winthrop LLP

725 South Figueroa Street

Suite 2800

Los Angeles, California 90017-5406

Telephone: (213) 488-7307

Fax: (213) 629-1033

For Targus:

Michael V. Ward

1211 N. Miller Street

Anaheim, CA 92806

With a copy to:

Kenneth B. Black

Stoel Rives LLP

One Utah Center

201 South Main Street, #1100

Salt Lake City, UT 84111

Telephone: (801) 578-6939

Fax: (801) 578-6999

 

 

For Hipro:

Mr. Brett Brewer

Mr. Paul Chuang c/o Brett Brewer

Hipro Electronics Inc.

2024 Centimeter Circle

Austin, Texas 78758

Telephone: (512) 833-6600

Fax: (512) 422-3775

With a copy to:

Robert P. Latham

Jackson Walker L.L.P.

901 Main Street, Suite 6000

Dallas, Texas 75202

Telephone: (214) 953-6000

Fax: (214) 953-5822

 

 

	 	 	 	 	 
	 

	 	MOBILITY ELECTRONICS, INC.	 	 
	 

	 	By: /s/ Charles R. Mollo	 	 
	 

	 	 

Typed Name: Charles R. Mollo
	 	 
	 

	 	Title: President & CEO	 	 
	 
	 	 	 	 
	 

	 	TARGUS GROUP INTERNATIONAL, INC.	 	 
	 

	 	By: /s/ John H. McAlpine	 	 
	 

	 	 

Typed Name: John H. McAlpine
	 	 
	 

	 	Title: EVP & CFO	 	 
	 
	 	 	 	 
	 

	 	COMARCO, INC.	 	 
	 

	 	By: /s/ Tom Franza	 	 
	 

	 	 

Typed Name: Tom Franza
	 	 
	 

	 	Title: President and CEO	 	 
	 
	 	 	 	 
	 

	 	COMARCO WIRELESS TECHNOLOGIES, INC.	 	 
	 

	 	By: /s/ Tom Franza	 	 
	 

	 	 

Typed Name: Tom Franza
	 	 
	 

	 	Title: President and CEO	 	 
	 
	 	 	 	 
	 

	 	XTEND MICRO PRODUCTS, INC.	 	 
	 

	 	By: /s/ Charles R. Mollo	 	 
	 

	 	 

Typed Name: Charles R. Mollo
	 	 
	 

	 	Title: President	 	 
	 
	 	 	 	 
	 

	 	IGO CORPORATION	 	 
	 

	 	By: /s/ Charles R. Mollo	 	 
	 

	 	 

Typed Name: Charles R. Mollo
	 	 
	 

	 	Title: CEO	 	 
	 
	 	 	 	 
	 

	 	IGO DIRECT CORPORATION	 	 
	 

	 	By: /s/ Charles R. Mollo	 	 
	 

	 	 

Typed Name: Charles R. Mollo
	 	 
	 

	 	Title: CEO	 	 
	 
	 	 	 	 
	 

	 	HIPRO ELECTRONICS COMPANY, LTD.	 	 
	 

	 	By: /s/ Frank Jih	 	 
	 

	 	 

Typed Name: Frank Jih
	 	 
	 

	 	Title: Vice President

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