Document:

Exhibit to September 7, 2006 Form 8-K

LETTER OF AGREEMENT 

RE: CYGNUS STOCK
ACQUISITION AGREEMENT 

        THIS
LETTER OF AGREEMENT (hereinafter, this “Agreement”) is entered into effective as
of September 5, 2006 by and between NU SKIN ENTERPRISES, INC., a Delaware corporation
(“NSE”), ORRIN T. COLBY, III, an individual (“Mr. Colby”), and CYGNUS
RESOURCES, INC., a Delaware corporation (“Cygnus). 

BACKGROUND 

        The
Parties listed above executed a Stock Acquisition Agreement dated August 1, 2003 (the
“Acquisition Agreement”), pursuant to which NSE agreed to transfer to Mr. Colby
all of the issued and outstanding capital stock of Cygnus. The Acquisition Agreement
provided that the purchase price for the stock would consist of annual payments for the
years 2004 through 2009 calculated in accordance with the terms of the Acquisition
Agreement. In addition, according to the terms of the Acquisition Agreement, Mr. Colby
pledged and assigned to NSE, and granted a first priority security interest in, the Cygnus
stock as collateral security for payment of the purchase price when due. In light of
changing interests of the Parties, the Parties have agreed to modify the purchase price
under the Acquisition Agreement, to terminate the pledge and security interest, and
certain other actions. 

AGREEMENT 

        NOW,
THEREFORE, in consideration of the premises, the mutual covenants contained in this
Agreement and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows: 

	1.  	  	 Amendment.
Section 1.03(b) of the Agreement shall be amended and restated           in its entirety
to read as follows:  

	  	  	"(b)  Subject
to the terms and conditions set forth herein, in consideration for the
                    assignment, transfer, conveyance and delivery of the Cygnus Shares,
Purchaser                     will pay to NSE a lump sum payment of $12,000 (the “Purchase
                    Price”).” 

          	2. 	  	
               Payment. Mr. Colby agrees to remit payment of the Purchase Price, as
               defined above, at the time of execution of this Agreement in cash, by check, or
               by wire transfer, and he acknowledges that effectiveness of this Agreement is
               conditioned upon such payment. NSE acknowledges that such payment will
               constitute complete and full payment of Mr. Colby’s payment obligation as
               it relates to the purchase of the Cygnus stock. 

               

          	3. 	  	
               Release of Security Interest and Pledge. The Parties acknowledge that, as
               a result of the amendment to the Acquisition Agreement provided above, the
               previous pledge and security interest in the Cygnus Stock granted by Mr. Colby
               to NSE, and any other terms or obligations previously contained in Section 1.03
               of the Acquisition Agreement (other than the new Purchase Price) are
               relinquished and terminated as of the effective date of this Agreement. NSE
               agrees to deliver the certificate(s) representing the Cygnus shares to Mr. Colby
               at the time of execution of this Agreement, along with the Assignment Separate
               from Certificate previously delivered by Mr. Colby to NSE, stamped
               “VOID”. 

               

          	4. 	  	
               Continuing Effectiveness. As herein amended, the Acquisition Agreement
               shall remain in full force and effect. 

               

          	5. 	  	
               Counterparts. This Amendment may be executed in any number of
               counterparts, and delivery of a counterpart signature page hereto by facsimile
               shall be effective as an original, manually-signed counterpart. 

               

          	6. 	  	
               Governing Law. This Agreement shall be governed by the laws of the State
               of StateUtah, excluding (to the greatest extent permissible by law) any rule of
               law that would cause the application of the laws of any jurisdiction other than
               the State of placeStateUtah. 

               

        IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly
authorized representatives, effective as of the day and year first written above. 

NU SKIN ENTERPRISES, INC. 

By:      /s/ Mark Adams

          Name:    Mark Adams

          Title:      Vice President

ORRIN T. COLBY, III. 

/s/ Orrin T. Colby, III

CYGNUS RESOURCES, INC. 

By:      /s/ Orrin T. Colby

          Name:    Orrin T. Colby

          Title:      PresidentExhibit
10.8

 

Lightspace
Corporation

125
CambridgePark Drive

Cambridge,
MA 02140

 

 

April 21, 2006

 

 

Andrew Kennedy Lang

387 Concord Ave.

Cambridge, MA 02140

 

 

Dear Ken,

 

                Re:          Separation Agreement

 

This letter agreement (this “Agreement”)
confirms the terms of the termination of your employment with the Lightspace
Corporation (the “Company”) and your separation agreement with the
Company.

 

The Company and you have
agreed as follows:

 

                1.             Termination of Employment;
Benefits.  This Agreement confirms
that your employment with the Company has been terminated without cause effective
as of March 31, 2006 (the “Termination  Date”).  Your employer-sponsored health insurance
coverage, disability and life insurance were terminated as of the Termination
Date.

 

                2.             Board of Directors. You
hereby resign from your position as an officer and member of the board of
directors of the Company, effective immediately.  The Company will pay completely amounts due
on credit cards guaranteed by you and terminate such cards.  The Company acknowledges that, as a former
officer and director of the Company, you shall be entitled to indemnification
from the Company to the fullest extent permitted by the Company’s by-laws, as
amended from time to time, and Delaware law.

 

3.             Final Payments and Severance Pay.    The
Company will make the following payments in connection with your separation
from employment and, subject to your execution of this Agreement, the severance
payment and advance payment for consulting services described below:

 

                (a)           $21,750 (subject to statutory
deductions and withholdings), which you acknowledge is the value of your accrued
but unpaid wages and your accrued but unused vacation through the Termination
Date, and which you acknowledge was paid to you on the Termination Date;

 

                (b)           reimbursement of your expenses in the
aggregate amount of $47,636.11, payable to you immediately upon the execution
of this Agreement;

 

                (c)           severance amount equal to $10,000
(the “Severance”), payable to you as soon as the Administaff payroll
system permits and upon the execution of this Agreement; and

 

 

 

(d)           a gross payment of $20,000
payable to you immediately upon the execution of this Agreement, which
represents an advance payment for up to 100 hours of your post-employment
consulting work as further described in Section 6.  For all consulting hours worked in excess of
100 hours, the Company will pay you at the rate of $200 per hour.

 

You also acknowledge that you will be given notice under separate cover
of your right to elect to receive, at your own expense, continuation coverage
in the Company’s group health care plans pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended (“COBRA”).

 

You agree that the
arrangements set forth in this Paragraph 3 shall be in full and complete
satisfaction of any and all sums which are now or might hereafter have become
due and owing to you for services rendered by you during your term of employment
with the Company or otherwise in respect of your membership on the Company’s
Board of Directors, including without limitation, all wages at any time due and
owing, expenses, vacation time, sick time, paid time off, paid leaves of
absence, severance, bonus, retirement plans, pension plans or deferred
compensation plans.

 

4.             Return of Company Materials.  You will, at the Company’s request, promptly
return to the Company all equipment and property (in any form, media,
electronic format or otherwise) provided by the Company to you in connection
with the performance of your duties as an employee, officer and/or director of
the Company. Notwithstanding the foregoing, the Company agrees that you may
retain such information as may be necessary for you to perform your duties as a
consultant pursuant to Section 6 of this Agreement and, further, that you may continue
to use the laptop computer that was provided to you during your employment with
the Company until the earlier to occur of (i) the end of the consulting period,
or (ii) the conclusion of the lease period of the laptop.

 

 

                5.             Continuation of Certain
Agreements.  You acknowledge and
agree that the Arbitration Agreement between yourself and the Company attached
hereto as Exhibit A and the Proprietary
Information and Inventions Agreement between yourself and the Company attached
hereto as Exhibit B each remain in full
force and effect in accordance with their terms and are hereby incorporated by
reference into this Agreement and are made a part hereof.  You agree to comply with each such agreement
and understand that a breach of any of your obligations under such agreements shall
be considered a material breach of this Agreement.

 

                6.             Consulting Services.  The Company hereby agrees to retain you, and
you hereby agree to perform for the Company, certain consulting services as reasonably
requested by the Company from time to time, including, without limitation, answering
informational questions the Company may have about its business, records, past
transactions and other matters, assisting the Company to transfer business
knowledge and to transition to other persons the tasks for which you have been
responsible during your employment with the Company, and advising the Company
with respect to all matters arising during, or related to, your employment,
including but not limited to matters in connection with any patent prosecution,
litigation or similar process, governmental investigation, litigation or
regulatory or other proceeding which may arise following the date of this Agreement
(the “Consulting Services”).   The Consulting Services shall be performed at
times and locations that are mutually acceptable to you and the Company.  Subject to your execution of this Agreement,
the Company shall pay you a gross lump sum payment of $20,000 as an advance for
the first 100 hours of Consulting Services. 
After you have 

 

 

 

 

performed 100 hours of consulting services,
the Company shall pay you at the rate of $200 per hour for each hour of
Consulting Services requested in advance by the Company.  You agree to submit invoices to the Company
on a semi-monthly basis.  The Company
agrees to pay all invoices on the first regularly scheduled payroll immediately
following the Company’s receipt of your invoice.  The Company agrees that if it fails to timely
pay any invoice, the amount due for each such invoice shall accrued interest at
the rate of eight percent (8%) on an annual basis.  Following the completion of the first 100
hours of Consulting Services, the consulting arrangement may be terminated by
either party upon ten (10) days prior written notice.  You acknowledge and agree that any breach of
your obligations to provide the first 100 hours of Consulting Services under
this Paragraph 6 shall be considered a material breach of this Agreement

 

                7.             Release.  In consideration of the foregoing provisions
in this Agreement, you hereby irrevocably and forever fully release, discharge
and acquit the Company and Administaff Companies II, L.P. (“Administaff”)
and all of their respective officers, directors, shareholders, general
partners, agents, employees, servants, investors, attorneys, legal
representatives, lenders, underwriters, insurers, predecessor and successor
companies, assigns and all persons, natural or corporate, in privity with it or
any of them (collectively, the “Released
Parties”) from any and all claims, demands, actions, causes of action,
damages, costs, suits, proceedings, obligations, debts, losses, sums of money,
accounts, bills, reckonings, covenants, contracts, liabilities, and
controversies of any kind whatsoever, known or unknown, present or future,
suspected or unsuspected, at law or in equity, which you may now have or hold,
or may have had, or held at any time, that relate or arise from your employment
with the Company, including, but not limited to, (a) any claims arising out of
your employment, including without limitation, claims based upon race, national
origin, gender, age, sexual orientation or handicap discrimination; or (b) any
alleged violation of: the Age Discrimination in
Employment Act of 1967; the National Labor Relations Act, as amended; Title VII
of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991;
Sections 1981 through 1988 of Title 42 of the United States Code, as amended;
the Employee Retirement Income Security Act of 1974, as amended; the Fair Labor
Standards Act, as amended; the Americans With Disabilities Act; any
other federal, state or local civil or human rights law; any other local, state
or federal law, regulation or ordinance; or any public policy, contract, tort,
or common law (collectively, the “Released Claims”).  Notwithstanding the foregoing, this Paragraph
7 shall not release the Company from (i) the Company’s obligations and
agreements set forth in this Agreement, (ii) its obligations under the Amended
and Restated Securityholder Debt and Equity Conversion and Exchange Agreement,
dated February 9, 2006 (the “Exchange  Agreement”), (iii) the
Company’s obligations under the Contingent Note which may be issued by the
Company to you pursuant to the Exchange Agreement, a copy of which is attached
hereto as Exhibit C (“Contingent Note”) or (iv) the Company’s obligations to indemnify you
in accordance with the Company’s bylaws for acts arising prior to the date
hereof.  The Company acknowledges that you
shall remain a holder of certain of the Company’s common stock, debt and
warrants (subject to the Exchange Agreement) and that nothing in this release
shall limit your rights and interests in connection with such securities, debts
or warrants or release the Company with respect to its obligations in respect
thereof.

You
acknowledge that this Release is made for the benefit of all of the Released
Parties, and that any Released Party shall have the right and benefit to
enforce its rights under this Release against you.

                Furthermore,
you agree that you will not sue the Company, Administaff or any of the 

 

 

other Released Parties regarding any matter
released in the foregoing Release. You further represent and warrant that (i) you
are the only person who is entitled to assert any of the Released Claims;
(ii)  you have not assigned to any person
any of your rights to any of the Released Claims; and (iii) you have right to
enter into this Agreement and to the Release contemplated hereby.

You
acknowledge and agree that any attempt to circumvent your release or failure to
perform your other obligations under this Paragraph 7 shall be considered a
material breach of this Agreement.

 

8.             Confidentiality; Mutual Non-Disparagement.

 

                (a)           The terms and conditions of this Agreement, and the actions
contemplated hereby, shall be confidential and shall not be disclosed by either
party to any third person, except in the Company’s case, (i) as required in
connection with the planned registration of an offering of securities of the
Company or (ii) pursuant to a written confidentiality agreement with such third
person.

 

                (b)           The Company agrees that the Released Parties will not,
directly or indirectly, disparage you or do or say anything that will otherwise
harm your personal or professional reputation. 
You agree that you will continue to use your best efforts to support and
promote the interests and reputation of the Company in the community, that you
will not, directly or indirectly, disparage the Company or any of the people,
products or organizations associated with the Company, including without
limitation, its employees, directors, representatives,  legal representatives, advisors, consultants,
shareholders, investors or underwriters, and that you will not, directly or
indirectly, otherwise do or say anything to intentionally disrupt the morale of
the employees of the Company or otherwise harm the Company’s business or
reputation.  Nothing herein shall
preclude you or the Company, however, from responding truthfully as required by
lawful process, summons or subpoena or otherwise as required by law.  You acknowledge and agree that any breach of either
Party’s obligations under this Paragraph 8 shall be considered a material
breach of this Agreement.

 

9.             Miscellaneous.

 

                                (a)           You represent and acknowledge that:
(i) you have adequate information regarding all matters encompassed by this Agreement
to make an informed and knowledgeable decision regarding the decision to enter
into this Agreement; (ii) you have had the opportunity to obtain advice of
your own counsel to review and evaluate the terms of this Agreement and the
arrangements set forth herein, and (ii) you have not relied upon the advice of
the Company or any of its directors, officers, advisors, shareholders or legal
representatives in connection with this Agreement.  Accordingly, this Agreement shall be
considered to be jointly drafted by both parties hereto and shall not be
construed against either party.

 

                                (b)           Each party agrees to execute all
documents and take all such further action as may be necessary to evidence and
effect this Agreement and any other documents referenced herein.

 

1

 

                                (c)           This Agreement constitutes the
parties’ entire agreement with respect to the matters covered herein.  All prior and contemporaneous conversations,
negotiations, proposals, representations, covenants, and warranties with
respect to the subject matter of this Agreement, whether oral or written, are
merged herein and superseded by this Agreement. 
Neither party is relying on any statement, representation or
understanding not contained herein.  This
Agreement may be amended only by a written instrument which is signed by both
parties hereto and which specifically states that it is an amendment to this Agreement.  No waiver of any right hereunder shall be
valid unless in a writing signed by the waiving party.  No failure or other delay by any party
exercising any right, power, or privilege hereunder shall be or operate as a
waiver thereof, nor shall any single or partial exercise thereof preclude any
other or further exercise thereof or the exercise of any other right, power, or
privilege.

                                (d)           This Agreement shall be construed in
accordance with the laws of the Commonwealth of Massachusetts, without regard
to choice of law provisions.  Any claims
or legal actions by one party against the other arising out of the relationship
between the parties contemplated herein (whether or not arising under this
Agreement) shall be commenced and maintained in any state or federal court located
in Suffolk County in the Commonwealth of Massachusetts, and both parties hereby
submit to the exclusive jurisdiction and venue of any such court.

                                (e)           This Agreement may be executed by the parties in
counterparts (and may be executed by facsimile), each of which shall be deemed
an original, but all of which together shall constitute one and the same
instrument.  Signatures transmitted by
fax or email (via .pdf or similar format) shall constitute original signatures
for the purposes of this Agreement.

 

 

If the terms of this
Agreement are acceptable to you, please countersign this Agreement below where
indicated and return it to the Company, to the attention of Gary Florindo,
Chief Executive Officer.

 

 

                                                                                                                LIGHTSPACE
CORPORATION

By:/s/ Gary Florindo                                            

Name: Gary Florindo

Title: CEO

 

ACCEPTED AND AGREED:

/s/ Andrew Kennedy Lang                 

Andrew Kennedy Lang

Date: 4-21-06

 

 

EXHIBIT
A

 

ARBITRATION
AGREEMENT

 

ARBITRATION
AGREEMENT

The following confirms an Agreement between Ken Lang (“Employee”), and
Lightspace Corp. (“Company”), which is a material part of the consideration for
Employee’s employment by Company.

WHEREAS, Company desires to employ Employee and Employee ‘desires to be
employed by Company;

NOW, THEREFORE, in consideration of the employment of Employee by
Company, and other good and valuable consideration,

IT
IS HEREBY AGREED:

The Company and Employee mutually agree that any controversy or claim
arising out of or relating to Employee’s employment relationship with the
Company, which could have been brought in a court of law (“Cover Disputes”),
shall be settled by arbitration administered by the American Arbitration
Association (“AAA”) under its National Rules for the Resolution of Employment
Disputes, and judgment upon the award rendered by the arbitrator may be entered
in any court having jurisdiction thereof.

Covered Disputes include all claims, rights, demands, losses, and
causes of action rising: in contract, whether express or implied; or in tort;
or under any common law theories; or under any covenants of good faith and fair
dealing; or under any Company policy, wage or compensation obligation or
benefit plan; or under any federal, state, or municipal statute, executive
order, regulation Dr ordinance pertaining to labor or employment law, including,
but not limited to, Title Vl1 of the Civil Rights Act of 1964, as amended in
1991; the Americans with Disabilities Act; the Family and Medical Leave Act;
the Age Discrimination in Employment Act; the Equal Pay Act; the Fair Labor
Standards Act; and the applicable state and local labor and employment law
requirements.

This Agreement shall not prohibit actions solely seeking injunctive
relief necessary to protect either party’s rights, claims for workers’
compensation benefits, unemployment insurance benefits, claims by Employee for
benefits under a Company plan which plan provides its own arbitration procedure
or actions to compel arbitration or to enforce or vacate an arbitration award
under this Agreement.

With the exception of actions set forth above, arbitration shall be the
exclusive means through which the Parties may seek relief in connection with
any Covered Disputes. The Parties expressly waive their right to a trial by
judge or by jury of any Covered Dispute, as well as their right to appeal the
decision rendered by the arbitrator except on the grounds that the decision was
procured by corruption, fraud or other undue influence or on the grounds
specifically set forth in a statute applicable to vacating an arbitration award
under this Agreement.

Employee agrees that if Employee wishes to assert a claim against the
Company, the Employee must present to the Company a written request for
arbitration within one 

 

 

year of the date on which the Employee knows or
should have known of the Covered Dispute against the Company. Likewise, the
Company must present a written request for arbitration to the Employee against
whom it wishes to assert a claim within the same time frame. Failure by either
the Employee or the Company to present such a request within one year shall
constitute a waiver of the right to recover relief in any forum in connection
with the Covered Dispute.

Unless otherwise agreed to by Employee and Company, the arbitration
shall take place in AAA’s office closest to the Company’s headquarters. The
Parties shall select a single arbitrator in accordance with applicable AAA
rules. Employee is required to pay AAA fees and costs only in the amount of the
court costs which the Employee would be required to pay if the dispute were
decided in a court of law. Company shall pay all AAA fees and costs in excess
of the amount Employee is required to pay.

The Parties are entitled to discovery sufficient to adequately
arbitrate their Covered Disputes, including, but not limited to, access to
essential documents and witnesses, as determined by the arbitrator. Unless
otherwise agreed by Employee and Company, the arbitrator shall apply the law of
the State in which the arbitration takes place. The arbitrator shall have the
discretion to award monetary and other damages, or to award no damages, and to
fashion any other relief that would otherwise be available in court. The
arbitrator will issue a written arbitration decision that reveals the essential
findings and conclusions on which the award is based.

This Agreement is the complete agreement of the parties on the subject
of arbitration of disputes and claims. This Agreement supersedes any prior or
contemporaneous oral, written or implied understanding on the subject, shall
survive the termination of Employee’s employment and can only be revoked or
modified by a writing signed by the parties which specifically states an intent
to revoke or modify this Agreement.  If
any provision of this Agreement is adjudged to be void or otherwise
unenforceable in whole or in part, such adjudication shall not affect the
validity of the remainder of this Agreement.

Employee and Company mutually and voluntarily accept the above terms of
this Arbitration Agreement.

	
  Employee

  	
   

  	
   

  	
   

  	
  Company

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Employee’s Signature

  	
   

  	
  Date

  	
   

  	
  Signature

  	
   

  	
  Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name

  	
   

  	
  Title

  

 

2

 

EXHIBIT
B

 

PROPRIETARY
INFORMATION AND INVENTIONS AGREEMENT

 

 

[COMPANY
NAME]

PROPRIETARY INFORMATION and INVENTIONS AGREEMENT

with Confidentiality, Non-Solicitation and Non-Compete Covenants

The
following confirms an Agreement between Ken Lang (Employee), and Lightspace
Corporation, a [State of Incorporation] Corporation (the “Company”), which is a
material part of the consideration for my employment by Lightspace Corporation:

1.                                       I have not
entered into, and agree I will not enter into, any agreement either oral or
written in conflict with this Agreement, my employment with the Company, or my
relationship with TriNet Employer Group, Inc., which is my employer of record.
I will not violate any agreement with or rights of any third party of, except
as expressly authorized by the Company in writing hereafter, use or disclose my
own or any third party’s confidential information or intellectual property when
acting within the scope of my employment or otherwise on behalf of the Company.
Further, I have not retained anything containing any confidential information
of a prior employer or other third party, whether or not created by me.

2.                                       I agree that
all Inventions (as defined in paragraph 6), trade secrets and all other
confidential business, technical, and financial information (including, but not
limited to, those items listed on Appendix A) , develop, learn, or obtain
during the term of my employment with the Company, that relate to the Company,
or the business or demonstrably anticipated business of the Company, or that
are received by or for the Company in confidence, constitute “Proprietary
Information.” I will hold in confidence and not disclose or, except within the
scope of my employment with the Company, use any Proprietary Information.
However, I shall not be obligated under this paragraph, with respect to
information which I can document is, or becomes, readily publicly available
without restriction through no fault of mine. Upon termination of my employment
with the Company, I will promptly return to the Company all items containing or
embodying Proprietary Information (including all copies), except that I may
keep my personal copies of (i) my compensation records, (ii) my personnel
records, if any, (iii) materials distributed to shareholders or the public
generally, and (iv) this Agreement.

3.                                       Until one year
after the term of my employment with the Company, I will not encourage or
solicit any employee or consultant of the Company to leave the Company for any
reason (except for the bona fide termination of Company personnel within the
scope of my employment with the Company).

4.                                       I agree that
during the term of my employment with the Company (whether or not during business
hours), I will not engage in any activity for a “business in competition with
the Company” or demonstrably anticipated business of the Company, and I will
not assist any other person or organization in competing or in preparing to
compete with a “business in competition with the Company” or demonstrably
anticipated business of the Company. For purposes of this 

 

1

 

paragraph, a “business in competition with
the Company” means any person or company in the business of interactive display
surfaces.

5.                                       To the extent
permitted by the laws of the state or country where I reside or work, I agree
that until one year after the term of my employment with the Company, I will
not engage in any activity for a “business in competition with the Company” or
demonstrably anticipated business of the Company, and I will not assist any
other person or organization in competing or in preparing to compete with a “business
in competition with the Company” or demonstrably anticipated business of the
Company. For purposes of this paragraph, a “business in competition with the
Company” means a business described in paragraph 4 above doing business in any
manner within the geographic areas in which the Company does business.

6.                                       The Company
shall own all right, title, and interest (including patent rights, copyrights,
trade secret rights, mask work rights and other rights throughout the world)
relating to any and all inventions (whether or not patentable), works of
authorship, mask works, designs, know-how, ideas and information made or
conceived or reduced to practice, in whole or in part, by me during the term of
my employment with or service to the Company to the fullest extent allowed by
applicable law (collectively, “Inventions”). I will promptly disclose all
Inventions to the Company and will identify any Invention I believe is excluded
from the scope of this Agreement, so that the Company can make an independent
assessment about said exclusion. I hereby make all assignments necessary to
accomplish the purposes of this paragraph 6. I shall further assist the
Company, at the Company’s expense, to further evidence, record, and perfect
such assignments, and to perfect, obtain, maintain, enforce, and defend any
rights specified to be so owed or assigned. I hereby irrevocably designate and
appoint the Company and its agents and attorneys-in-fact to act for and on my
behalf, to execute and file any document, and to do all other lawfully
permitted acts to further the purpose of the foregoing with the same legal
force and effect as if executed by me. If I wish to clarify that something
created by me prior to my relationship with the Company, that relates to the
Company’s actual or demonstrably anticipated business, is not within the scope
of this Agreement. I have listed it on Appendix B. If I use or (except pursuant
to this paragraph) disclose my own or any third party’s confidential
information or intellectual property when acting within the scope of my
employment or otherwise on behalf of the Company, the Company will have, and I
hereby grant the Company a perpetual, irrevocable, worldwide royalty-free,
non-exclusive, sublicensable right and license to use and exercise all such
confidential information and intellectual property rights. Due to the specific
requirements of California law, a copy of California Labor Code §2B70 is
attached hereto as Appendix C and the provisions thereof are incorporated
herein only if California law is applicable to this Agreement.

7.                                       To the extent
allowed by law, paragraph 6 includes all rights of paternity, integrity,
disclosure and withdrawal, and any other rights that may be known as or
referred to as “moral rights,” “artist’s rights,” “droit moral,” or the like
(collectively, “Moral Rights”). To the extent I retain any such Moral Rights
under 

 

2

 

applicable law, I hereby waive such Moral
Rights and consent to any action with respect to such Moral Rights by or
authorized by the Company. I will confirm any such waivers and consents from
time to time as requested by the Company.

8.                                       I agree that
this Agreement is not an employment contract for any particular term and does
not purport to set forth all the terms and conditions of my employment with the
Company and TriNet as my employer of record. However, the terms of this
Agreement govern over any inconsistent terms and can only be changed by a
subsequent written agreement duly signed on behalf of the Company.

9.                                       I agree that my
obligations under paragraphs 2, 3, 5, 6 and 7 of this Agreement shall continue
in effect after termination of my employment with the Company, regardless of
the reason or reasons for termination, and whether such termination is
voluntary or involuntary on my part, and that the Company is entitled to
communicate my obligations under this Agreement to any future employer or
potential employer of mine. My obligations under paragraphs 2, 6 and 7 also
shall be binding upon my heirs, executors, assigns, and administrators and
shall inure to the benefit of the Company, its subsidiaries, successors, and
assigns.

10.                                 Any dispute
over the meaning, effect, or validity of this Agreement shall be resolved in
accordance with the laws of the State of [Company Location] without regard to
the conflict or laws provisions thereof. I further agree that if one or more
provisions of this Agreement are held to be illegal or unenforceable under
applicable law, such illegal or unenforceable portion(s) shall be limited or
excluded from this Agreement to the minimum extent required so that this
Agreement shall otherwise remain in full force and effect and enforceable in
accordance with its terms. I also understand that any breach of this Agreement
will cause irreparable harm to the Company for which damages would not be an
adequate remedy and. therefore, the Company will be entitled to injunctive
relief with respect thereto in addition to any other remedies.

 

3

 

I
HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS
WHICH IT IMPOSES UPON ME WITHOUT RESERVATION. NO PROMISES OR REPRESENTATIONS
HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT OTHER THAN THOSE
CONTAINED WITHIN THIS DOCUMENT. I SIGN THIS AGREEMENT VOLUNTARY AND FREELY, IN
DUPLICATE, WITH THE UNDERSTANDING THAT ONE COUNTERPART WILL BE RETAINED BY
{COMPANY NAME} AND/OR TRINET AND THE OTHER COUNTERPART WILL BE RETAINED BY ME.

	
   

  	
   

  	
   

  
	
  Employee Signature

  	
   

  	
  Date

  
	
  Accepted and Agree To By:

  	
   

  	
   

  
	
  [COMPANY NAME]

  	
   

  	
   

  
	
  By 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Date

  
	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  

 

 

4

 

[COMPANYNAME]

PROPRIETARY-INFORMATION and INVENTIONS AGREEMENT

 

Appendix
A

 

PROPRIETARY
INFORMATION

Instructions:
This is a list of examples of trade secrets and confidential business,
technical, and financial information. Information is considered confidential if
it is not readily publicly available. This is a partial, but not a complete
list of the Proprietary Information subject to the Proprietary Information and
Inventions Agreement.

•                  Employee list and all
information contained in employee records

•                  Vendor list and all
information contained in vendor records

•                  Customer list and aJJ
information ‘contained in customer/company records

•                  Prospective Customer list
and all information contained in prospective customer/company records

•                  Stockholder list and al/
information contained in stockholder records

•                  All information concerning
the financial condition of the Company, including information contained in any
income statement, balance sheet or other internal financial report.

•                  Marketing plans and
strategies of the Company, including information pertaining to prospective
customers.

•                  Financing plans and
strategies of the Company

•                  Staffing plans and
strategies of the Company

•                  Expansion plans and business
strategies of the Company

•                  Negotiations for financing,
merger, acquisition, new customers, new vendors or otherwise

•                  Technical research projects,
methodologies and results

•                  Other research and
development projects

•                  Drawings and specifications

•                  Software and hardware
documentation

•                  Forms, manuals, handbooks
and guidelines written for internal staff use

•                  Any materials for which the
Company has copyright protection or are marked confidential

•                  The Company’s proprietary
operating procedures and systems

 

5

 

[COMPANY
NAME]

PROPRIETARY INFORMATJON and INVENTIONS AGREEMENT

 

Appendix
B

 

PRIOR
MATTERS

Instructions:
If there are any disclosable items as specified in the Proprietary Information
and Inventions Agreement set them forth here. The Company will make its own
assessment of how the Agreement affects these Items.

 

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                                

                                                                                                                                                                                                

 

6

 

[COMPANY
NAME]

PROPRIETARY INFORMATION and INVENTIONS AGREEMENT

 

Appendix
C

 

CALIFORNIA
LABOR CODE, SECTION 2870

(a)
Any provision in any employment agreement which provides that an employee shall
assign, or offer to assign, any of his or her rights in an invention to his or
her employer shall not apply to an invention that the employee developed
entirely on his or her own time without using the employer’s equipment,
supplies, facilities, or trade secret information except for those inventions
that either:

(1)
Relate at the time of conception or reduction to practice of the invention to
the employer’s business, or actual or demonstrably anticipated research or
development of the employer.

(2)
Result from any work performed by the employee for the employer.

(b)
To the extent that a provision in an employment agreement purports to require
an employee to assign an invention otherwise excluded from being required to be
assigned under subdivision (a), the provision is against public policy of this
state and is unenforceable.

Enacted 1979, amended 1986

 

7

 

EXHIBIT
C

 

CONTINGENT
NOTE

 

 

 

CONTINGENT
PROMISSORY NOTE

	
  $237,381

  	
  Boston, Massachusetts 

  April 21, 2006

  

 

FOR VALUE RECEIVED, the undersigned hereby promises to pay to the order
of Andrew Kennedy Lang (the “Holder”), or his assigns, at the Holder’s
residence located at 387 Concord Avenue, Cambridge, MA 02138, or at such other
place as the Holder may from time to time designate to the undersigned in
writing, the principal sum of TWO HUNDRED THIRTYSEVEN THOUSAND THREE HUNDRED
EIGHTY-ONE Dollars ($237,381.00) together with simple interest on the principal
amount of this Note from time to time outstanding at the rate of Applicable
Federal Rate (AFR) per annum on the Payment Date (as defined below); provided
that such payment shall be made in the event, and only in the event, that (i)
Lightspace Corporation, a Delaware corporation, or its successor entity
achieves the Condition (as defined below) prior to December 31, 2008 and (ii) a
Disqualifying Reason (as defined below) does not occur prior to the date on
which the Condition is met. If the Condition is not achieved by December 31,
2008 or if a Disqualifying Reason occurs before the date on which the Condition
is met, this Note shall be null and void and the undersigned’s obligations
hereunder shall be terminated.

The “Condition” shall mean the sooner to occur of (a) the
undersigned achieves two consecutive quarters of positive EBITDA (i.e., the
earnings of the undersigned before interest, taxes, depreciation and
amortization, as determined by the Board of Directors of the undersigned),
aggregating at least $1,000,000 or (b) the sale of the undersigned or a
registered public offering of equity by the undersigned for cash proceeds of at
least $10 million. Upon either occurrence of (a) or (b), the full balance of
principal and interest shall be due the Holder. The Payment Date shall be the
date which is 45 days after the end of the quarter in which the Condition is
achieved.

“Disqualifying Reason” shall mean a material breach by Holder of
his obligations under Sections 2, 4, 5, 6. 7 and 8 of that certain Separation
Agreement between him and the Company, which Holder fails to cure within ten
(10) business days immediately following his receipt of written notification by
Lightspace Corporation to the Holder of such alleged breach. The written
notification from Lightspace Corporation must describe the basis for its
assertion of an alleged breach. Holder shall not be entitled to a cure period
if the Board of Directors of Lightspace Corporation reasonably determines that
the breach by Holder results from material willful misconduct that cannot be
cured.

This Note is being delivered in the Commonwealth of Massachusetts, and
shall be construed and enforced in accordance with the decisions of such
Commonwealth, excluding its conflict of laws principles. The parties consent to
the exclusive jurisdiction and venue of the courts located in Suffolk County,
Massachusetts for the resolution of any disputes arising under or related to
this Note.

This Note is issued pursuant to an Exchange Agreement, dated as of
February 9, 2006, between the Holder, the undersigned and certain other
signatories thereto. This Note will inure to the benefit of the Holder’s
successor in interest and shall be binding 

 

1

 

upon Lightspace Corporation’s successors and
assigns. This Note is non-negotiable and may not be transferred by Holder.
Acceptance of this Note by the Holder constitutes acceptance of all terms set
forth in this Note, and termination of the undersigned’s obligations hereunder
shall not affect the enforceability of the Exchange Agreement.

LIGHTSPACE CORPORATION

 

 

 

By: ___________________________

 

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]