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Exhibit 10.1    
  

STOCK PURCHASE AGREEMENT  

        This
agreement ("Agreement") is dated            , 2002
between                        ("Purchaser"), and Microvision, Inc., a Washington corporation ("Company"). 

        1.    Purchase and Sale.    Purchaser agrees to buy and the Company agrees to sell and issue to Purchaser
            shares of the Company's common stock (the "Shares") at a price of $3.20 per share and            common stock purchase
warrants (the "Warrants"), for an aggregate purchase price
of $                  the "Purchase Price"). 

        2.    Representations and Warranties of the Company.    

        2.1    Registered Offering.    The offer and sale of the Shares, Warrants and the shares of common stock issuable upon
exercise of the Warrants (the "Warrant Shares") have been registered on Form S-3 registration statements, Registration No. 333-69652 and
No. 333-76432 ("Registration Statements"), which Registration Statements have been declared effective by the Securities and Exchange Commission (the "Commission") and the Company
has not received notice that the Commission has issued or intends to issue a stop order with respect to the Registration Statements or that the Commission otherwise has suspended or withdrawn the
effectiveness of the Registration Statements, either temporarily or permanently, or intends or has threatened in writing to do so. The Company shall deliver to Purchaser the prospectus that
constitutes a part of the Registration Statements and a prospectus supplement regarding the sale of the Shares, Warrants and Warrant Shares pursuant hereto. The Company shall use its good faith
efforts to file with the Commission by July 22, 2002 prospectus supplements under Rule 424(b) of the Securities Act of 1933, as amended, to the Registration Statements in order to
evidence and disclose the offer and sale of the Shares and the Warrants hereunder. 

        2.2    Issuance of the Shares, Warrants and Warrant Shares.    The Shares, Warrants and Warrant Shares are duly
authorized and, when issued and paid for in accordance with the terms hereof, will be duly and validly issued, fully paid and nonassessable, free and clear of all legends, liens, encumbrances, rights
of first refusal, to the Company's knowledge, and trading restrictions. The issuance of the Shares, Warrants and Warrant Shares under this Agreement will not violate Rule            of the
Nasdaq
Stock Market. 

        2.3    Disclosure.    The Company confirms that neither it nor any other person acting on its behalf has provided the
Purchaser or its agents or counsel with any information that constitutes or might constitute material non public information. 

        3.    Purchaser's Due Diligence.    Purchaser acknowledges that Purchaser has been given the opportunity to ask
questions of, and receive answers from, the Company's officers concerning the Company, its business, results, and financial condition, and to obtain any additional information Purchaser needs in
making a decision to invest in the Company. Purchaser further acknowledges that all of Purchaser's questions have been answered to Purchaser's satisfaction, and all information and documents
pertaining to Purchaser's investment that Purchaser has requested have been made available. Purchaser represents, warrants, acknowledges and agrees that: 

        a.    Purchaser
understands that the Company may possess material, non-public information relating to the Company and/or the Securities; 

        b.    Purchaser
has chosen, for its own business reasons, not to request, require or expect that the Company provide any such information, whether or not confidential, to it,
except as specifically set forth herein; 

        c.    Purchaser
is sophisticated and capable of understanding and appreciating, and does understand and appreciate, the significance of there being undisclosed information; 

 

        d.    Purchaser
has independently investigated and evaluated the value of the Securities and the financial condition and affairs of the Company without reliance upon any
information about the Company other than publicly available information. Based upon its independent analysis of such information, obtained
from sources other than the Company, Purchaser has reached its own business decision to effect the purchase contemplated herein; 

        e.    Neither
the Company, nor any of its affiliates, attorneys, accountants and financial advisors has furnished any information to Purchaser, used by Purchaser in determining
to make the purchase contemplated herein, with respect to the Company or the Securities, other than such information as is contained in this agreement; and 

        f.      Except
for the express representations and warranties contained in this agreement, neither the Company, nor any of its affiliates, attorneys, accountants and financial
advisors, has made any representations or warranties to Purchaser. 

        4.    Payment.    Purchaser shall wire the Purchase Price to the Company in accordance with the wire transfer
instructions attached hereto at Exhibit A. Concurrent with confirmation of receipt of the Purchase Price, the Company shall cause its transfer
agent to transmit the Shares electronically to Purchaser by crediting the account set forth below through the Deposit Withdrawal Agent Commission (DWAC) system. 

        [                        ]

        [                        ]

        [                        ] 

        5.    Counterparts.    This Agreement may be executed in two or more counterparts, all of which shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to
the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. 

        6.    Entire Agreement.    This Agreement contains the entire understanding of the parties with respect to the matters
covered herein and, except as specifically set forth herein, neither the Company nor the Purchaser make any representation, warranty, covenant or undertaking with respect to such matters. No provision
of this Agreement may be amended other than by an instrument in writing signed by the Company and Purchaser. 

        7.    Choice of Law.    This agreement shall be governed by, and construed in accordance with, the laws of the State
of Washington (without regard to the conflict of laws principles thereof) as to all matters, including, without limitation, matters of validity, construction, effect, performance and remedies. 

        8.    Jurisdiction and Venue.    Each of the Company and Purchaser hereby: (a) consents to submit itself to the
personal jurisdiction of any Washington State court in the City of Seattle, any New York State court in the City of New York or any Federal court located in either Seattle, Washington or New York, New
York in the event that any dispute arises out of this agreement; (b) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any
such court; and (c) agrees that it will not bring any action relating to this agreement in any court other than in a Washington State court in the City of Seattle, a New York State court in the
City of New York or a Federal court sitting in either Seattle, Washington or New York, New York. 

        9.    Severability.    In the event that any provision of this Agreement shall be determined to be invalid or
unenforceable by any court of competent jurisdiction, the remainder of this agreement shall 

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not be affected thereby, and any invalid or unenforceable provision shall be reformed so as to be valid and enforceable to the full extent permitted by law. 

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SIGNATURE PAGE FOLLOWS] 

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        IN
WITNESS WHEREOF, the parties hereto have caused this Stock Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above. 

	 	 	COMPANY: MICROVISION, INC.
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	

PURCHASER:
	

 	
 	

By:	
 	

 
	 	 	 	 	
 Name:

Title:

Address: [            ]

                [            ]

                [            ]

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Exhibit 10.1July 22, 2002 

	Olympus Securities, LLC

900 Third Avenue, 26th Floor

New York, NY 10022

Attn: James Carrazza, President

	 	 

Dear Mr. Carrazza: 

        This
letter will serve to document the fee arrangement between Microvision, Inc. (the "Company") and Olympus Securities, LLC ("Olympus") regarding Olympus' involvement in the
proposed purchase of common stock and warrants by Vertical Ventures and Lucas Zimmer (the "Transaction"). 

        Upon
closing of the Transaction, the Company will pay Olympus a fee in cash of 5% of the amount paid at closing ($3 million) for the common stock, which fee shall not exceed
$150,000. 

        The
Company agrees to indemnify Olympus and its directors, officers, shareholders, and employees (the "Indemnified Parties") from and against any claims, actions, suits, proceedings,
damages, liabilities and expenses incurred by such Indemnified Party arising out of the Transaction and which is based upon third party claims of: (i) rights to participate in the Transaction;
or (ii) rights of fees based upon the closing of the Transaction. Notwithstanding anything to the contrary contained herein, the Company's above indemnification obligations shall not apply to:
(a) the gross negligence or willful misconduct of any Indemnified Party and (b) any claims for fees asserted by Zimmer Lucas. Olympus agrees to indemnify and hold harmless the Company,
its officers, directors, shareholders and employees from any claims for fees from Lucas Zimmer, its agents or affiliates. 

        If
this fee arrangement is acceptable to you, please countersign the one copy of this letter and return it to the Company in the enclosed prepaid return envelope. 

	 	 	 	Yours very truly,
	

 	

 	
 	

/s/ Richard Raisig
 Richard A. Raisig

Chief Financial Officer
	

RAR:pml

Enclosures	
 	

 
	

Acknowledged and Agreed:	
 	

 
	

OLYMPUS SECURITIES, LLC	
 	

 
	

By:	

/s/ James Carrazza
 James Carrazza, President

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