Document:

Prepared by MERRILL CORPORATION www.edgaradvantage.com

QuickLinks

 

 Exhibit 10.7  

Stock Redemption Agreement, dated May 27, 1999, B/T View Systems, Inc. and Gunther Than

VIEW SYSTEMS, INC.

[LOGO]

STOCK REDEMPTION AGREEMENT

    This Stock Redemption Agreement is made as of  day of May, 1999, by and between Gunther Than, 28 Dekker Street, Golden, Colorado 80401 and
View Systems, Inc., 925 West Kenyon Avenue, Suite 15, Englewood, Colorado 80110 (the "Corporation").

Recitals

    R1. Gunther Than is the President and CEO of the Corporation, and also a member of its Board of Directors. Gunther Than would like to have the Corporation
redeem 25,000 shares of its resticted, non-free trading stock (within the meaning of SEC Rule 144) that is held by him.

    R2.
According to the Corporation's transfer agent, Interwest Transfer Co., the Corporation had 2,666,667 shares of free trading stock, and 2,400,000 shares of restricted stock, as of
May 5, 1999. As of May 27, 1999, the last free trading stock was reported as being traded for the price of 27/8 at 2:02 p.m. on the NASDAQ OTCBB.

    R3.
The Corporation has determined that it is in its best interests to redeem the 25,000 shares of restricted stock of Gunther Than pursuant to the terms and conditions of this
Agreement.

    Now
therefore, in consideration of the mutual covenants herein, the parties agree as follows:

    1. Redemption. View Systems agrees to redeem, on or before June 1, 1999, 25,000 shares of common stock,
which shares are restricted within the meaning of SEC Rule 144, held by Gunther Than for the price of $2.00 per share.

    2. Payment of Redemption Price. To settle on the closing, the Corporation shall instruct its transfer agent to
issue, upon receipt from Gunther Than of an original stock certificate in a denomination of at least 25,000 shares, a corrected stock certificate to Gunther Than for the amount of shares represented
by the stock certificate being tendered by Gunther Than, minus the 25,000 shares that are being redeemed. After receipt by the transfer agent of the stock certificate being redeemed, the Corporation
shall issue a check to Gunther Than in the amount of $50,000.

    3. Option to Purchase Back Shares. Gunther Than shall have the option, exercisable for
a period of two years from the date said stock is redeemed, to purchase the stock being redeemed at a price of $2.00 per share, plus interest accruing on the $50,000 at the rate of 10% from the date
the shares are redeemed to the date the option to repurchase is exercised. Upon exercise of this purchase option, and
tender of the purchase price, the Corporation shall instruct its transfer agent to reissue the shares to Gunther Than. The shares shall be reissued by the Corporation as restricted stock within the
meaning of Rule 144 and shall carry the new issue date, being the date the shares are repurchased. The stock certificates of the Shares will be imprinted with a conspicuous legend in
substantially the following form:

    "The securities represented by this certificate have not been registered under federal or state securities laws, and shall not be sold, pledged, hypothecated, donated or otherwise
transferred (whether or not for consideration) by the holder in the absence of an effective registration under the securities laws or an opinion of counsel reasonably satisfactory to View that such
registration is not required under the securities laws.

    4. Representations and Warranties. Gunther Than represents and warrants, that the Shares acquired pursuant to
exercise of the option granted herein are for investment, for Gunther Than's own account, and not with a view to, for offer for sale or for sale in connection with, the distribution or transfer of
the Shares. The Shares will not be purchased for subdivision or fractionalization thereof; and Gunther Than has no contract, undertaking, agreement or arrangement with any person or entity to sell,
hypothecate, pledge, donate or otherwise transfer (with or without consideration) to any such person or entity any Shares exercisable under the option, and Gunther Than has no present plans or
intention to enter into any such contract, undertaking, agreement or arrangement.

    IN WITNESS WHEREOF, the parties have executed this agreement this  day of         , 1999.

	 

 

 	 
 
 	 

 

View Systems, Inc.

By:

Name: 
Title: 
 
 Gunther Than

QuickLinks

Exhibit 10.7Prepared by MERRILL CORPORATION www.edgaradvantage.com

QuickLinks

 

 Exhibit 10.8  

Stock Redemption Agreement, dated September 30, 1999, Between View Systems, Inc

and Gunther Than

VIEW SYSTEMS, INC.

[LOGO]
STOCK REDEMPTION AGREEMENT

    This Stock Redemption Agreement is made as of September 30, 1999, by and between Gunther Than, 28 Dekker Street, Golden, Colorado 80401 and View
Systems, Inc., 925 West Kenyon Avenue, Suite 15, Englewood, Colorado 80110 (the "Corporation").

Recitals

    R1. Gunther Than is the President and CEO of the Corporation, and also a member of its Board of Directors. Gunther Than is indebted to the Corporation in the
amount of $67,719.35. Mr. Than is also the holder of certain restricted stock within the meaning of Rule 144 of the Securities Act of 1933. Pursuant to the terms and conditions of this
Agreement, Mr. Than would like to have the Corporation redeem shares of his resticted, non-free trading stock (within the meaning of SEC Rule 144) that is held by him in
exchange for cancellation of his indebtedness to the Corporation.

    R2.
According to the Corporation's transfer agent, Interwest Transfer Co., the Corporation had 2,666,667 shares of free trading stock, and 4,014,333 shares of restricted stock, as of
September 30, 1999. As of September 30, 1999, the free trading stock of the Corporation was reported as being traded for the price of 2.13 on the NASDAQ OTCBB.

    R3.
The Corporation has determined that it is in its best interests to redeem the 34,860 shares of restricted stock of Gunther Than pursuant to the terms and conditions of this
Agreement.

    Now
therefore, in consideration of the mutual covenants herein, the parties agree as follows:

    1.
Redemption. View Systems agrees to redeem, as of September 30, 1999, 34,860 shares of common stock, which shares are
restricted within the meaning of SEC Rule 144, held by Gunther Than for the price of $2.00 per share.

    2.
Payment of Redemption Price. To settle on the closing, the Corporation shall instruct its transfer agent to
issue, upon receipt from Gunther Than of an original stock certificate in a denomination of at least 34,860 shares, a corrected stock certificate to Gunther Than for the amount of shares represented
by the stock certificate being tendered by Gunther Than, minus the 34,860 shares that are being redeemed. After receipt by the transfer agent of the stock certificate being redeemed, the Corporation
shall deem the $67,719.35 indebtedness of Mr. Than to the Corporation as satisfied on the books and records of the Corporation.

    3.
Option to Purchase Back Shares. Gunther Than shall have the option, exercisable for a period of two years from the date said stock
is redeemed, to purchase the stock being redeemed at a price of $2.00 per share, plus interest accruing on the $67,719.35 at the rate of 10% from the date the shares are
redeemed to the date the option to repurchase is exercised. Upon exercise of this purchase option, and tender of the purchase price, the Corporation shall instruct its transfer agent to reissue the
shares to Gunther Than. The shares shall be reissued by the Corporation as restricted stock within the meaning of Rule 144 and shall

carry the new issue date, being the date the shares are repurchased. The stock certificates of the Shares will be imprinted with a conspicuous legend in substantially the following form:

    "The
securities represented by this certificate have not been registered under federal or state securities laws, and shall not be sold, pledged, hypothecated, donated or otherwise
transferred (whether or not for consideration) by the holder in the absence of an effective registration under the securities laws or an opinion of counsel reasonably satisfactory to View that such
registration is not required under the securities laws.

    4.
Representations and Warranties. Gunther Than represents and warrants, that the Shares acquired pursuant to any exercise of the
option granted herein will be for investment, for Gunther Than's own account, and not with a view to, for offer for sale or for sale in connection with, the distribution or transfer of the Shares. The
Shares will not be purchased for subdivision or fractionalization thereof; and Gunther Than has no contract, undertaking, agreement or arrangement with any person or entity to sell, hypothecate,
pledge, donate or otherwise transfer (with or without consideration) to any such person or entity any Shares exercisable under the option, and Gunther Than has no present plans or intention to enter
into any such contract, undertaking, agreement or arrangement.

    IN WITNESS WHEREOF, the parties have executed this agreement this    day of            , 1999.

View
Systems, Inc.

By:

Name: 

Title: 

Gunther
Than

QuickLinks

Exhibit 10.8Prepared by MERRILL CORPORATION www.edgaradvantage.com

QuickLinks

 

 Exhibit 10.9  

View Systems, Inc. 1999 Restricted Share Plan

VIEW SYSTEMS, INC.

1999 RESTRICTED SHARE PLAN

    1. Purpose. The purpose of this 1999 RESTRICTED SHARE PLAN ("Plan") is to further the interests of VIEW
SYSTEMS, INC. (the "Company") by providing incentives for directors, officers and employees of the Company who may be designated for participation therein ("Participants") and to provide
additional means of attracting and retaining competent personnel.

    2.
Administration. The Executive Compensation Committee (the "Committee") of the Board of Trustees of the Company shall administer the
Plan. The Committee will make all discretionary decisions involving the Plan. A majority of the Committee shall constitute a quorum, and the acts of a majority shall be the acts of the Committee. The
Committee shall have the sole authority to (i) award shares under the Plan; (ii) consistent with the Plan, determine the provisions of the Restricted Share Agreements entered into
hereunder, including the shares to be awarded, the restrictions and other terms and conditions applicable to each award of shares under the Plan; (iii) interpret the Plan and the Restricted
Share Agreements evidencing the restrictions imposed upon stock awarded under the Plan and the shares awarded under the Plan; (iv) adopt, amend and rescind rules and regulations for the
administration of the Plan; and (v) generally administer the Plan and make all determinations in connection therewith which may be necessary or advisable, and all such actions of the Committee
shall be binding upon all participants. Any decision or selection reduced to writing and signed by all of the members of the Committee shall be as fully effective as if it had been made at a meeting
duly held. The determinations of the Committee in the administration of the Plan, as described herein, shall be final and conclusive.

    3.
Participants. The Committee shall determine and designate from time to time those directors, officers and employees of the Company
who are eligible to participate in the Plan. Pursuant to this Plan, the Committee may award to Participants shares of common stock, par value $.01 per share ("Shares"), of the Company, subject to
certain restrictions and risk of forfeiture, in such amounts and upon such terms as the Committee shall from time to time determine. The Committee shall determine, in its sole discretion, the number
of shares to be awarded ("Awards") to each such employee selected. The Committee may, within the terms of the Plan, be selective and non-uniform with respect to its determination of the
amount of Awards and the eligible employees to whom such Awards are made.

    4.
Shares Subject to the Plan. The Company has reserved 775,000 Shares for issuance to Participants under the Plan ("Restricted
Shares"). If any Awards granted under this Plan are forfeited, in whole or in part, the Restricted Shares so released from the Award may be the subject of other Awards under the Plan.

    5.
Share Restructure. In the event there is any change in the Company's Shares, as by stock splits, reverse stock splits, stock
dividends, or other relevant changes in the capitalization of the Company occurring after the adoption of this Plan by the Board, the number and type of Restricted Shares available for Awards under
the Plan shall be appropriately adjusted by the Committee. The decision of the Committee as to the amount and timing of any such adjustment shall be conclusive.

    6.
Effect of Award. The granting of an Award shall take place only when a Restricted Share Agreement (the "Agreement") substantially in
the form of Exhibit A hereto is executed by the Company and the Participant. Such Agreement shall contain such further terms and conditions, not inconsistent with the terms of this Plan,
related to the grant of the Restricted Shares. By accepting the Award and executing the Agreement, each Participant undertakes and agrees to be bound by all terms and provisions of this Plan and the
Agreement. The execution of the Agreement shall entitle such Participant to receive the number of Restricted Shares specified in the Agreement, subject to the restrictions contained in the Agreement.

    7.
Restrictions.

        (a)
The term "Restricted Period" as to any of the Restricted Shares refers to the period of time that such shares are subject to the restrictions contained herein and
in the Agreement. With respect to any of the Restricted Shares awarded under this Plan, the Committee, in it sole and absolute discretion, shall specify the in the Agreement the number of Restricted
Shares subject to each Restricted Period. Upon expiration of the Restricted Period as to any of the Restricted Shares, such shares shall become fully vested ("Vested Shares") and shall no longer be
subject to the restrictions or forfeiture provisions described below.

        (b)
During the Restricted Period:

    (i) No
Restricted Shares may be transferred by the Participant;

    (ii) The
Restricted Shares shall be forfeited and shall automatically be transferred to the Company in the event of termination of the Participant's employment with the
Company for any reason other than an Extraordinary Event (as defined in Section 8); and

    (iii) The
Restricted Shares shall be subject to such other terms, conditions and restrictions as determined by the Committee and set forth in the Agreement

    8.
Extraordinary Event. In the event of the commencement of a tender offer (other than by the Company) for any of the Company's common
shares or a sale or transfer, in one or a series of transactions, of assets having a fair market value of 50% or more of the fair market value of all assets of the Company, or a merger, consolidation
or share exchange pursuant to which the common shares of the Company are or may be exchanged for or converted into cash, property or securities of another issuer, or the liquidation of the Company (an
"Extraordinary Event"), then the restrictions on the Restricted Shares shall terminate and lapse immediately, without risk of forfeiture, on the "Event Date." The "Event Date" is the date of the
commencement of a tender offer, if the Extraordinary Event is a tender offer, and in the case of any other Extraordinary Event, the day preceding the record date in respect of such Extraordinary
Event, or if no record date is fixed, the day preceding the date as of which shareholders of record become entitled to the consideration payable in respect of such Extraordinary Event. Notwithstanding
the foregoing, the termination of the restrictions shall be conditioned on the actual occurrence and completion of the Extraordinary Event.

    9.
Plan Loans. The Company recognizes that it is not in the best interests of the Company for the Participant to sell Shares (or be
required to sell Shares, whether or not such Shares have been granted under the Plan) in order to be able to pay taxes due as a result of any Awards made under the Plan. Consequently, the Committee,
upon the reasonable request of Participants, is authorized to and shall make loans to Participants ("Plan Loans") in amounts equal to the Participants' tax obligations resulting from any Award
hereunder. The Plan Loans shall be made at such rates and upon such other terms
as the Committee deems reasonable or appropriate. The Committee is further authorized to forgive repayment of all or any part of any Plan Loan at any time or from time to time, unconditionally or
subject to such conditions as the Committee deems reasonable or appropriate.

    10. Amendments and Termination. The Committee may amend, suspend, discontinue or terminate the Plan, but no such action may, without
the consent of the holder of any Award granted hereunder, alter or impair such Award.

    11.
Period of Plan. The Plan has been adopted by the Board of Directors on, and shall be effective as of, March 1, 1999. Unless
extended or earlier terminated by the board of Directors, the Plan shall continue in effect until, and shall terminate on, the tenth anniversary of the effective date of the Plan.

QuickLinks

Exhibit 10.9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00000-of-00352.parquet"}]]