Document:

Exhibit 10.1  

  

Information
Resource Engineering, Inc.

8029 Corporate Drive

Baltimore, MD 21236

Tel: 410.931.7500

Fax: 410.931.7524

www.ire.com 

June
8, 1999 

Carole
Argo

22340 Rolling Hill Lane

Laytonsville, MD 20882 

Dear
Carole, 

        In
our discussions with you, it has become clear to me and the others at IRE that your abilities and qualifications are an excellent match to our needs. As such, we are pleased to offer
you the position of Senior Vice President, Chief Financial Officer, reporting directly to me. In this role, you will have the title, authority, and responsibilities commensurate with your position as
IRE's Chief Financial Officer. 

        Our
proposed compensation plan includes an annual salary of $150,000 paid on a bi-weekly basis and annual incentive compensation, targeted at 35% of annual salary, based upon achievement
of the company's annual profit plan. We propose to prorate incentive compensation for the remainder of 1999 and will also guarantee that half of the prorated amount will be earned in 1999. 

        In
addition, you will be granted an option to purchase 40,000 shares of IRE common stock. This option will be priced at the NASDAQ closing price for IRE shares on your first day of
employment, which we propose to be July 6, 1999. In order to assist you in your move to Baltimore, IRE will provide reimbursement for household moving expenses up to a maximum of $10,000. You
will also be entitled to participate in, or be covered by, the Health and/or Retirement Plans adopted by the Company from time to time. A summary of IRE's current benefits is attached. 

        Your
stock options will vest on an annual basis over a period of three years from the date of your employment. However, should IRE be acquired by another company your options will be
subject to early vesting on the following schedule: 

	•
	If
the acquisition occurs within twelve months of your employment, 50% of your options will vest upon the acquisition.

	•
	If
the acquisition occurs more than twelve months from your employment, 100% of your options will vest upon the acquisition. 

        Although
we hope and expect that your employment relationship with IRE will be long-term, either you or IRE may terminate this relationship at any time, for any reason, with or without
cause or notice. Should IRE terminate employment for any reason, we would provide a full salary severance period of six months. 

        If
the foregoing confirms our understanding, please sign and return the enclosed copy of this letter promptly via the enclosed FedEx package. We are looking forward to working with you
and hope that your relationship with IRE and its people will be a rewarding and enjoyable experience. 

Sincerely, 

/s/
Anthony A. Caputo

Anthony A. Caputo

Chief Executive Officer 

        I
accept and agree to the terms and conditions of employment as set forth in this letter. 

	

/s/ Carole D. Argo
 Carole Argo	
 	

June 14, 1999
 DateExhibit 10.2  

Consulting Agreement  

        This Consulting Agreement is made as of May 1, 2003 between Harrison Enterprises, Inc., a corporation ("Consultant") located at 5 Norma Lane, Dix
Hills, NY, 11746 and SafeNet, Inc., a Delaware corporation ("SafeNet"). 

        Consultant
and SafeNet, intending to be legally bound, hereby agree as follows: 

1.     Appointment

        SafeNet
hereby appoints Consultant, and the Consultant hereby accepts such appointment, to act for SafeNet as a Consultant for the purpose of assisting SafeNet on strategic operational
matters. SafeNet shall define objectives and results with respect to such work, but Consultant shall be responsible for directing Consultant's own efforts to meet such objectives and goals. The
Consultant will receive assignments and report to SafeNet's Chief Executive Officer. 

2.     Compensation

        Consultant
will be compensated $135,000 annually based on a work schedule of 2.5 days per week. SafeNet will pay Consultant monthly in arrears for services with the first payment
beginning June 1, 2003. SafeNet will issue to Shelley A. Harrison an option to purchase 50,000 shares of the SafeNet's common stock at an exercise price equal to the closing price of the
SafeNet's common stock as of the effective date of the engagement. The option terms shall be set forth in a separate stock option agreement and shall be governed by the terms of the Company's current
stock option plan. The vesting period on the option grant will be monthly over a 24-month period. In the event of a
change in control in SafeNet due to a significant change in SafeNet's ownership, the unvested portion of the options will become immediately vested. 

3.     Additional Terms

	(a)
	Consultant
may provide Services to SafeNet from a remote location, subject to the following. Unless otherwise agreed by Consultant and SafeNet, at SafeNet's request, Consultant shall
provide Services at a SafeNet facility.

	(b)
	Consultant
agrees to submit a monthly full status report to the Chief Executive Officer.

	(c)
	Nothing
herein shall prevent Consultant from providing service to other entities; provided that Consultant shall comply at all times with confidentiality obligations imposed hereby;
and further provided that Consultant shall not provide services to any other entity that is engaged in operations that are deemed competitive to SafeNet.

	(d)
	SafeNet
shall pay or reimburse the Consultant for reasonable travel expenses in accordance with SafeNet's travel and expense policy, incurred by the Consultant in connection with the
performance of its duties hereunder upon proper presentation of expense statement, receipts or vouchers. 

4.     Termination

	(a)
	Unless
otherwise terminated in accordance with this Section 4, the Term of this Agreement shall commence on May 1, 2003 and shall continue for a twenty-four
month period.

	(b)
	SafeNet
or the Consultant may terminate this Agreement upon 90 day notice at any time without cause provided it pays Consultant those charges accumulated to date of
termination. 

-1-

 

	(c)
	Upon
termination, Consultant shall immediately return to SafeNet, without limitation, all documents, drawings, tools and other items supplied to Consultant by SafeNet, or developed by
Consultant hereunder. 

5.     Confidential Information

        Consultant
acknowledges that the work hereunder for which Consultant is engaged may include access to knowledge and information of a proprietary nature to SafeNet or its contractors.
Accordingly, Consultant hereby agrees not to divulge to anyone, whether during or after the Term of this Agreement, any such proprietary information obtained or developed by Consultant during the Term
of this Agreement. Upon the termination of this Agreement Consultant agrees to deliver to SafeNet all documents, papers, drawings, tabulations, reports and similar documentation which were furnished
by SafeNet to Consultant or which were prepared by Consultant in the performance of Consultant's consulting services relating to the work hereunder. Upon the termination of this Agreement, Consultant
shall make no further use or utilization of any such proprietary information without the prior written consent of an authorized representative of SafeNet. Any breach of this Agreement may lead to
irreparable harm to SafeNet and Consultant therefore agrees that SafeNet shall have the right to injunctive or such other equitable relief as may be appropriate. 

6.     Work Product

        Consultant
and SafeNet agree that: 

	(a)
	All
documents, data, drawings, designs, analyses, graphs, reports, supplied by SafeNet are the property of SafeNet. Those items procured, produced, invented, made or conceived by
Consultant in the course of, arising out of, or suggested by the consulting services or work performed hereunder (hereafter Work Product) shall become and remain the property of SafeNet.

	(b)
	Consultant
shall make full disclosure to SafeNet of all items included in the second sentence of Paragraph (a), above, and shall promptly notify SafeNet in writing of all Work
Product relative to the work hereunder, whether or not patentable, so conceived or made by Consultant.

	(c)
	Nothing
herein shall be construed as an implied patent copyright, or trade secret license to Consultant under any SafeNet patents, copyrights or trade secrets.

	(d)
	Strict
compliance with the provisions of Sections 5 and 6 herein is a material element of this Agreement and shall survive the expiration or other termination of this Agreement. 

7.     Indemnification; Limitation of Liability

	(a)
	Consultant
agrees to take all necessary precautions to prevent injury to any persons (including employees of SafeNet) or damage to property (including SafeNet's property) during the
Term of this Agreement and shall indemnify and hold SafeNet harmless against all loss and expense resulting from any act on the part of Consultant pursuant to Consultant's performance under this
Agreement, except to the extent that any such loss is due solely and directly to the negligence of SafeNet.

	(b)
	Should
SafeNet permit Consultant to use any of SafeNet's equipment, tools or facilities during the Term of this Agreement, such permission will be gratuitous and Consultant shall
indemnify and hold SafeNet harmless from and against any claim for personal injuries including death arising out of the use of any such equipment, tools or facilities, whether or not such claim is
based upon the condition thereof or on the alleged negligence of SafeNet in permitting the use thereof. 

-2-

 

	(c)
	IN
NO EVENT SHALL SAFENET BE LIABLE FOR ANY SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY KIND IN CONNECTION WITH THIS AGREEMENT, EVEN IF SAFENET HAS BEEN INFORMED IN
ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES. 

8.     Relationship of the Parties

	(a)
	Consultant
will serve as an independent contractor, and this Agreement will not be deemed to create a partnership, joint enterprise, or employment relationship between the parties nor
a right to any of the rights or privileges otherwise resulting therefrom. The authority of the Consultant is limited to the performance of the functions set forth in the Agreement. Consultant shall
make appropriate filings with taxing authorities as a self-employed entity, and shall be liable for all required payments to the local, State, Federal and other taxing authorities
(including income tax and social security and SDI payments). Consultant agrees to indemnify and hold SafeNet harmless for any claims for payments made by said taxing authorities resulting from
performance of Consultant pursuant to this Agreement.

	(b)
	Neither
party shall have authority to make any Agreement or incur any liability on behalf of the other party, nor shall either party be liable for any acts, omissions to act,
contracts, commitments, promises or representations made by the other, except as specifically authorized in this Agreement or as the parties may otherwise agree. 

9.     Audit and Records

        SafeNet
or its duly authorized representatives shall have access at all reasonable times during the Term of this Agreement and for a period of three (3) years thereafter to
Consultant's records and all other documentation pertaining to Consultant's services hereunder for the purpose of auditing and verifying the cost of such services. Consultant shall also retain all
documents, notes and records pertaining to this Agreement or any services rendered hereunder for a period of three (3) years. 

10.   Governing Law; Jurisdiction

        This
Agreement shall be interpreted, construed and governed by the laws of the State of Delaware. The parties agree to submit all disputes of any kind whatsoever arising out of this
Agreement to the courts located in Baltimore County, Maryland having jurisdiction over the subject matter herein and for this purpose Consultant fully consents to the exercise of personal jurisdiction
over him by said courts. 

11.   General

        This
contract constitutes the entire Agreement between the parties and supersedes all proposals, oral or written, all previous negotiations and all other communications between them.
Deviations from these terms and conditions are not valid unless confirmed in writing by an authorized representative of both parties. All rights and remedies, whether conferred hereby or by any other
instrument or law shall be cumulative, and may be exercised singularly or concurrently. Failure by either party to enforce any contract term shall not be deemed a waiver of future enforcement of that
or any other term. If any provision of this Agreement is held invalid under any applicable statute or rule of law, such invalidity shall not affect any other provisions of the Agreement that can be
given effect without the invalid provisions, and to this end the provisions of this Agreement are declared to be severable. Notwithstanding the above, such invalid provision or clause shall be
construed to the extent possible, in accordance with the original intent of the parties. 

-3-

 

        IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the date hereof. 

	 	 	SAFENET, INC.
	

/s/  SHELLEY A. HARRISON      
 Shelley A. Harrison

Chairman

Harrison Enterprises, Inc.	

 	

/s/  ANTHONY A. CAPUTO      
 Anthony A. Caputo

Title: CEO

-4-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00053-of-00352.parquet"}]]