Document:

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GLOBAL SECURE CORP.

EMPLOYMENT AGREEMENT

     This Employment
Agreement (“Agreement”) is made and entered into as of the 21st day of
October, 2005, by and between Craig R. Bandes, having a principal residence address in the
Commonwealth of Virginia at 901 South Saint Asaph Street, Alexandria, VA 22314 (“Executive”) and
Global Secure Corp., a Delaware corporation (the “Company”).

RECITALS

The Company desires to employ Executive and Executive desires to be employed by the Company.

The parties wish to set forth the terms and conditions of Executive’s employment in a written
employment agreement.

NOW THEREFORE, in consideration for the mutual promises contained herein, the sufficiency of which
the parties acknowledge with intent to be legally bound, it is agreed as follows:

I.     TERM

The Company agrees to employ Executive, and Executive agrees to remain in the employ of the
Company, subject to the terms and conditions of this Agreement for the period commencing on the
effective date of the Initial Public Offering (“IPO”) (the “Effective Date”) and terminating on
the third anniversary of the Effective Date (the “Original Term”), unless earlier terminated as
provided in Section 5. The Original Term shall be extended automatically for additional one (1)
year periods (each a “Renewal Term”), unless notice that this Agreement will not be extended is
given by either party to the other six (6) months prior to the expiration of the Original Term or
any Renewal Term (the period of Executive’s employment hereunder within the Original Term and any
Renewal Terms is referred to as the “Employment Period”). The provisions of Sections 6, 7, 8, 9
and 10 shall survive any termination of this Agreement.

II.     DUTIES

           a.     General Duties. Subject to the terms and conditions of this Agreement, Executive shall
serve as the President and Chief Executive Officer of the Company with responsibility for the
operations of the Company’s business and shall perform duties incident to the position. The
Executive also agrees to perform such other mutually acceptable duties and responsibilities as may
be assigned to him from time to time by the Board of Directors of the Company (the “Board of
Directors”).

           b.     Specific Duties. Executive agrees to: (i) devote his entire professional time, attention,
skill and energies to the business of the Company; (ii) faithfully and diligently perform such
duties and exercise such powers as may from time to time be assigned to him; (iii) comply with all
policies and procedures from time to time adopted by the Company; (iv) use his best efforts to
promote the interest, reputation, business and welfare of the Company; and (v) follow all
reasonable and lawful directions given to him by the Board of Directors of the Company.

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Notwithstanding the foregoing provisions, nothing herein shall preclude Executive, provided same
does not interfere with the Executive’s duties under this Agreement, from (i) participating with
the prior written consent of the Board of Directors as an officer or director of, or advisor to,
any other entity or organization which is engaged in religious, charitable or other community or
non-profit activities, (ii) investing in up to one percent (1%) of any class of securities of any
publicly held entity or organization; or (iii) delivering lectures or fulfilling speaking
engagements.

           c.     Corporate Opportunities. Executive agrees that he will not take personal advantage of any
business opportunities that may arise during the Employment Period that may be of benefit to the
Company. Executive shall promptly report all material facts regarding such opportunities to the
Board for its consideration.

           d.     Board of Directors. The Executive will be appointed to serve as a member of the Board of
Directors and shall retain a seat on the Board until such time as he is terminated pursuant to this
Agreement or until a Change of Control, as defined in Paragraph III (f) below.

III.      REMUNERATION

           a.     Salary.
For the services to be rendered by Executive during the Employment Period,
Executive shall be paid a base annual salary of not less than $295,000 (the “Base Salary”). Base
Salary payments shall be made on a semi-monthly basis (or in any other manner consistent with the
Company’s normal and customary payroll practices), subject to legally required deductions and
withholdings. Executive’s Base Salary shall be reviewed no less frequently than annually by the
Company and shall be increased at the discretion of the compensation
committee based on the Company’s performance in the prior year, subject to an annual minimum increase of five percent (5%). In
no event shall Executive’s Base Salary be decreased without his consent.

           b.     Expenses. Upon submission of appropriate documentation or receipts, Executive shall be
entitled to reimbursement for any reasonable and necessary business expenses he incurs, in
accordance with, and subject to, the Company’s policies and procedures regarding expense
reimbursement.

           c.     Bonus.

          (1)     Executive will be eligible to receive an annual bonus (“Bonus”) of between not less than
20% nor more than 100% of the Base Salary. During the initial
contract year, the bonus shall be based upon the Company’s
performance measured against the fiscal year plan approved by the
Board of Directors. Bonuses paid to Executive after the
initial contract year will be determined by the compensation committee.

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           (2)      Any bonus due to Executive under Paragraph (1) above shall be paid to Executive as
follows: 50% of said bonus shall be paid in cash, and 50% shall be paid in registered,
unrestricted stock.

           (3)      Earned Bonus for applicable years of the Employment Period shall be paid to Executive no
later than at the conclusion of the first calendar quarter following each fiscal year end for the
applicable year or portion thereof. In the event that Executive terminates his employment, for any
reason, prior to the conclusion of the fiscal year for which the bonus is payable, Executive shall
be paid a pro-rata bonus based upon the number of months that he was employed in the fiscal year.

           (4)      Executive shall also be entitled to participate in any other bonus programs that the
Company establishes and makes available to its senior executives, if any, from time to time.

(5) Upon a Change in Control (as defined in Paragraph “f .” below), Company shall pay Executive an
amount equal to two years total Remuneration, defined as two years of base salary, plus two years
of Bonus, such bonus to be determined by the Compensation Committee.

           d.      Stock Options. At each anniversary of this contract the Executive will be granted options
to purchase shares of common stock, par value $.0001 per share, of the Company at an exercise price
equal to the bid prices as quoted on NASDAQ or other recognized stock exchange at the date of grant
(the “Stock Options”). The Stock Options will vest as
follows: 20% immediately upon the date of
grant and the remaining 80% annually over the next five years, provided that the Executive is
employed by the Company on the relevant vesting date. The number of Stock Options will be
determined by the Compensation Committee and the Stock Options shall be granted under and subject
to the terms and conditions of the Company’s 2005 Stock Incentive Plan (the “Plan”) and, except as
provided in this Agreement, the Company’s standard stock option agreement for senior executives
under which options are granted. Subject to the provisions set forth in this Agreement, any Stock
Options that are not vested at the time of termination of the Executive’s employment with the
Company shall immediately terminate and any vested options shall be exercisable or forfeitable in
accordance with the Plan and the stock

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option agreement. Executive may receive such other awards of stock options or equity rights as may
be granted by the Board of Directors from time to time.

           e.      Upon a Change in Control (as defined in Paragraph “f .” below), all unvested Stock Options
shall become immediately vested and exercisable and, notwithstanding anything in the Plan or the
option agreement to the contrary, the Stock Options shall not be terminated without the consent of
the Executive pursuant to Section 7(d)(iv) of the Plan.

           f.      For purposes of this Agreement, a “Change of Control” means: (i) the acquisition (other
than from the Company) in one or more transactions by any Person of the beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as
amended) of 50% or more of (A) the then outstanding shares of the securities of the Company, or (B)
the combined voting power of the then outstanding securities of the Company entitled to vote
generally in the election of directors (the “Company Voting Stock”); (ii) the closing of a sale or
other conveyance of all or substantially all of the assets of the Company; or (iii) the effective
time of any merger, share exchange, consolidation, or other business combination involving the
Company if immediately after such transaction persons who hold a majority of the outstanding voting
securities entitled to vote generally in the election of directors of the surviving entity (or the
entity owning 100% of such surviving entity) are not persons who, immediately prior to such
transaction, held the Company Voting Stock; provided, however, that a Change in Control shall not
include a public offering of capital stock of the Company; and provided, further, that for purposes
of any Award or subplan that constitutes a “nonqualified deferred compensation plan,” within the
meaning of Code section 409A, the Administrator, in its discretion, may specify a different
definition of Change in Control in order to comply with the provisions of Code section 409A. For
purposes of this section, a “Person” means any individual, entity or group within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than:
employee benefit plans sponsored or maintained by the Company and by entities controlled by the
Company or an underwriter of the Common Stock in a registered public offering.

IV.      FRINGE BENEFITS

           a.      Executive shall be entitled to take four (4) weeks of paid personal time off (including
vacation, personal time and sick days) during each calendar year of the Employment Period. One
week of such personal time off may be carried over and taken in the following year. Executive will
also be eligible to participate in the Company’s sponsored benefit plans (including medical, dental
and other insurance), subject to applicable vesting periods and eligibility requirements. The
Company will pay 100% of the cost of coverage under the Company’s health coverage plan for
Executive’s entire family. The Company shall pay the cost of parking for the Executive at the
Company’s office in Washington, DC.

           b.      Disability Insurance. Upon the Executive’s request the Company shall purchase for
Executive a disability insurance policy or combination of policies which will provide Executive,
during the first year of the Employment Period, with seventy percent (70%) of Executive’s Base
Salary, and, for each successive year thereafter, seventy percent (70%) of the total compensation
paid during the previous year to Executive pursuant to Section 3(a) and (c)

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hereunder, in the event Executive suffers a disability which renders him unable to perform as Chief
Executive Officer of the Company for a period of more than three (3) months.

           c.      Life Insurance. Upon the Executive’s request the Company shall purchase for Executive a
Three Million Dollar term life insurance policy. Executive shall have the sole and exclusive right
to designate the beneficiary(ies) under such policy.

           d.      Indemnity. As soon as practicable after the Effective Date, the Company shall execute and
deliver to the Executive the Company’s standard Indemnification Agreement for executive officers
and directors of the Company.

V.      TERMINATION

           a.      Termination by the Company.

                i.      General. The Company may terminate Executive’s employment with the Company, with or
without Cause (as defined by Section 5(a)(iii) below), at any time during the Employment Period by
giving written notice to Executive. The termination shall become effective on the date specified
in the notice. If the termination is without Cause, the termination date shall not be less than
thirty (30) days following the date of the notice of termination itself; provided, however, that
the termination of Executive may become effective immediately upon the payment by the Company of
any and all compensation that may be due and payable to Executive for the thirty-day period
following the effective date of Executive’s termination.

                ii.      Payment Due on Termination by the Company. If Executive is terminated for Cause, the
Company shall pay Executive any and all compensation and benefits set forth in Paragraph 3(a) and
(c) and Paragraph 4 accrued and/or earned but unpaid as of the date of termination and, upon
submission of approved expense reports, all properly incurred business expenses not yet reimbursed
by the Company, but Executive shall not be entitled to any other additional compensation or
benefits. If Executive is terminated without Cause, the Company shall pay him: (1) the
compensation and benefits set forth in Paragraphs 3(a) and (c) and Paragraph 4 accrued and/or
earned but unpaid as of the date of termination; plus (2) an amount equal to not less than eighteen
(18) months Base Salary as of the date of the termination plus COBRA continuation coverage costs
for the eighteen (18) month period following the date of termination, less legally required
withholdings and deductions, payable, at the Executive’s election, in a lump sum within fifteen
(15) business days after the date of termination or in installments for a eighteen (18) month
period on the Company’s regular payroll schedule; plus (3) any and all remaining Stock Options that
have not vested shall be accelerated and shall vest immediately as of the date of termination. The
payment of the foregoing shall be contingent upon Executive’s execution and delivery of a general
release of claims in favor of the Company and its affiliates, in the standard form used by the
Company for its senior executives.

                iii.      Cause Defined. For purposes of this Agreement, “Cause” shall mean that the Board has
determined in its sole discretion that Executive has: (1) committed a material breach of any
covenant or condition under this Agreement; provided that the Company specifically terminates
Executive’s employment for Cause hereunder within 120 days from the date the Company has actual
notice of such; (2) engaged in any act constituting dishonesty, fraud, immoral or disreputable
conduct which is harmful to the Company or its reputation;

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provided that the Company specifically terminates Executive’s employment for Cause hereunder within
120 days from the date the Company has actual notice of such act; (3) been convicted of, or having
entered a plea bargain or settlement admitting guilt for, any felony or any misdemeanor involving
moral turpitude, provided that the Company specifically terminates Executive’s employment for Cause
hereunder within 120 days from the date the Company has actual notice of such felony or
misdemeanor; (4) willfully engaged in any act of misconduct which is materially and demonstrably
injurious to the Company; provided that the Company specifically terminates Executive’s employment
for Cause hereunder within 120 days from the date the Company has actual notice of such conduct;
(5) willfully refused to attempt in good faith to implement a clear and reasonable directive (not
in contravention of any federal, state or local law or regulation) of the Board provided that the
Company specifically terminates Executive’s employment for Cause hereunder within 120 days from the
date the Company has actual notice of the conduct of the Executive; (6) engaged in gross negligence
or willful misconduct in the performance of Executive’s duties; provided that the Company
specifically terminates Executive’s employment for Cause hereunder within 120 days from the date
the Company has actual notice of such mismanagement; or (7) been the subject of any order, judicial
or administrative, obtained or issued by the Securities and Exchange Commission, for any securities
violation involving fraud, including, for example, any such order consented to by Executive in
which findings of facts or any legal conclusions establishing liability are neither admitted nor
denied, provided that the Company specifically terminates Executive’s employment for Cause
hereunder within 120 days from the date the Company has actual notice of such order.

                iv.      In any case, if the Company desires to terminate Executive’s employment for Cause in
accordance with Sections 5(a)(iii)(a) or (f), it shall first give written notice of the facts and
circumstances providing the basis for Cause to Executive, and allow Executive 30 days from the date
of such notice to remedy, cure or rectify, if possible, the situation giving rise to the Company’s
allegations of Cause (the “Cure Period”); provided, however, that Executive shall have only one
such opportunity to cure, regardless of the grounds on which Cause is asserted, during the
Employment Period. During the Cure Period, the Executive may not be entitled to payment of any
compensation, in the Company’s sole discretion; provided, however, that if Executive’s compensation
is withheld and Executive successfully remedies, cures, or rectifies the situation giving rise to
the Company’s notice of Cause during the Cure Period, resulting in the Company’s withdrawal of its
written notice of Cause, Executive shall be compensated for the Cure Period.

           b.      Termination by Death or Disability of Executive. In the event of Executive’s death during
the Employment Period, all obligations of the parties hereunder shall terminate immediately, and
the Company shall pay Executive’s legal representatives any and all of the compensation and
benefits accrued and/or earned but unpaid as of the date of termination set forth in Paragraph 3(a)
and (c) and Paragraph 4 and, upon submission of approved expense reports, all properly incurred
business expenses not yet reimbursed by the Company. Subject to applicable state and federal law,
the Company shall at all times have the right, upon written notice to Executive, to terminate this
Agreement based on Executive’s “Disability.” Upon any termination for Disability, the Company
shall pay Executive any and all of the compensation and benefits accrued and/or earned but unpaid
as of the date of termination set forth in Paragraph 3(a) and (c) and Paragraph 4. Termination of
Executive’s employment based on “Disability” shall mean termination because Executive is unable to
perform the essential functions of his position due to a disability for a continuous period of
ninety (90) days or for a total of one hundred

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twenty (124) days in any twelve-month period. Upon termination by reason of either Death or
Disability, any and all remaining Stock Options that have not vested shall accelerate and vest
immediately as of the date of termination.

           c.      Termination by Executive.

                i.      General. Executive may terminate his employment with the Company, with or without Good
Reason, at any time during the Employment Period by giving twelve (12) weeks written notice to the
Company. Any such termination shall become effective on the date specified in such notice;
provided, that, the termination of Executive’s employment may become effective immediately upon the
payment by the Company of any Base Salary and accrued but unpaid Bonus, payable to Executive during
the twelve (12) -week notice period, and such payment shall be offset against any payment due to
Executive pursuant to Section 5(c)(ii) in the event of a termination for Good Reason.

                ii.      Payment Due on Termination by Executive. If Executive terminates this Agreement, the
Company shall pay him any and all compensation and benefits accrued and/or earned but unpaid as of
the date of termination set forth in Paragraph 3(a) and (c) and Paragraph 4, and, upon submission
of approved expense reports, all properly incurred business expenses not yet reimbursed by the
Company. In addition, if such termination is for Good Reason, the Company shall pay Executive an
amount equal to the total Remuneration set forth in Paragraph 3 that is otherwise due for the
balance of the Employment Period, but in no event for greater than or less than eighteen (18)
months as of the date of the termination plus COBRA continuation coverage costs for the eighteen
(18) month period following the date of termination, less legally required withholdings and
deductions, payable, at the Executive’s election, in a lump sum within fifteen (15) business days
after the date of termination or in installments for a eighteen (18) month period on the Company’s
regular payroll schedule. The payment of the foregoing shall be contingent upon Executive’s
execution and delivery of a general release of claims in favor of the Company and its affiliates,
in the standard form used by the Company for its senior executives.

           iii.      Good Reason Defined. For purposes of this Agreement, “Good Reason” shall mean: (A)
except as otherwise agreed to by Executive, any reduction in Executive’s Base Salary; provided that
Executive specifically terminates his employment for Good Reason hereunder within 120 days from the
date that he has actual notice of such reduction; (B) any material breach by the Company of this
Agreement, provided that Executive specifically terminates his employment for Good Reason hereunder
within 120 days from the date that he has actual notice of such material breach; (C) Executive’s
duties or responsibilities for the Company or its successors are materially reduced or there is any
change in Executive’s title or any material change in the types of positions reporting to Executive
or the type of position to whom Executive reports (if Executive reports directly to the Board, the
Board shall be deemed a position for purposes of this provision), provided that Executive
specifically terminates his employment for Good Reason hereunder within 120 days following his
receipt of actual notice of such reduction or change; (D) any transfer of Executive’s primary place
of employment, without Executive’s consent, of more than 50 miles from the Company’s offices
located in Washington, D.C., provided that Executive specifically terminates his employment for
Good Reason hereunder within 120 days following such transfer; or (E) a “Change of Control,” as
defined in Paragraph

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III (f), provided that Executive specifically terminates his employment for Good Reason hereunder
within 120 days of the Change of Control.

                iv.      In any case, if Executive desires to terminate his employment for Good Reason in
accordance herewith, he shall first give written notice of the facts and circumstances providing
the basis for Good Reason to the Board, and allow the Company 30 days from the date of such notice
to remedy, cure or rectify, if possible, the situation giving rise to Good Reason. The Company’s
failure to fully and successfully remedy the situation within 30 days of the date of such notice
entitles Executive to any and all payments due him, as set forth in Paragraph V.c.ii. above.

           d.      Return of Property. Promptly upon termination of Executive’s employment with the Company,
Executive or his personal representative shall return to the Company (i) all Protected Information,
(ii) all other records, documents, materials, data or property delivered to or compiled by
Executive that pertain to the Company’s business, whether in electronic, paper or other form, and
(iii) all keys, credit cards, vehicles and other property of the Company. Executive shall not
retain, or cause to be retained, any copies of the foregoing. Executive agrees that all of the
foregoing shall be and remain the property of the Company and be subject at all times to the
Company’s discretion and control.

VI.      RESTRICTIVE COVENANTS

           a.      Non-Competition. Executive covenants and agrees that, during the Employment Period and for
the Non-Competition Term (as defined in Section 6(e)) thereafter (the “Restricted Period”), except
if Executive is acting as an employee of the Company solely for the benefit of the Company in
connection with the Company’s business and in accordance with the Company’s business practices and
employee policies, Executive shall not engage, directly, indirectly or in concert with any other
person or entity, in any business that competes directly with the business of the Company as of the
date of such termination of employment. The geographic scope of the foregoing non-competition
restriction shall be the United States and Canada (the “Territory”), including any competitive
business outside of the Territory to the extent that such business performs or attempts to perform
competitive activities within the Territory.

           b.      Non-Solicitation of Employees and Customers. Executive further covenants and agrees that,
during the Restricted Period, he will not, directly or indirectly, (1) solicit, recruit, hire,
engage or employ or identify or target for purposes of attempting to solicit, recruit, hire, engage
or employ any individual who shall have been an employee of the Company at any time during the one
(1)-year period prior to the date Executive’s employment with the Company ceases, whether for or on
behalf of Executive or for any entity in which Executive shall have a direct or indirect interest
(or any subsidiary or affiliate of any such entity), whether as a proprietor, partner, co-venturer,
financier, investor or stockholder, director, officer, employer, employee, servant, agent,
representative or otherwise, or (ii) solicit or induce or attempt to solicit or induce any
customer, developer, client, member, supplier, licensee, licensor, franchisee or other business
relation of the Company to cease doing business with the Company, or in any way interfere with the
relationship between any such customer, developer, client, member, supplier, licensee, licensor,
franchisee or other business relation and the Company (including, without limitation, making any
negative statements or communications about the Company).

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           c.      Reasonableness. Executive acknowledges that the restrictions contained in Section 6(a) and
(b) are reasonable and permit Executive to continue his chosen career in the same geographic area
without any interruption while protecting the Company’s legitimate business interests in its
client, prospective client, and employee relationships. Executive agrees that the these
limitations are reasonable given the highly competitive nature of the Company’s business and are
required for the Company’s protection based upon numerous factors including the knowledge,
Protected Information (as defined in Section 7 below) and relationships to which Executive will
have access during his employment with the Company. Executive further acknowledges that the
business of the Company is very competitive and that competition by him in that business during the
Restricted Period would severely injure the Company and cause irreparable harm.

           d.      Investment Exception. Nothing in this Agreement shall be deemed to prohibit Executive from
owning equity or debt investments in any corporation, partnership or other entity which is
competitive with the Company, provided that such investments (i) are passive investments and
constitute one percent (1%) or less of the outstanding equity securities of such an entity whose
equity securities are traded on a national securities exchange or other public market, or (ii) are
approved in advance by the Board.

           e.      Definitions:

                i.      “Non-Competition Term” means the following period of time after the termination of the
Executive’s employment with the Company: (A) if the Executive terminates his employment without
Good Reason, one (1) year after the Date of Termination; (B) if Executive’s employment is
terminated by the Company for Cause, one (1) year after the Date of Termination; (C) if Executive
terminates his employment for Good Reason, eighteen (18) months after the Date of Termination; (D)
if the Company terminates Executive’s employment without Cause, eighteen (18) months after the Date
of Termination; and (E) if Executive’s employment is terminated as a result of Disability, one (1)
year after the Date of Termination.

                ii.      “Date of Termination” means the date that the Executive’s employment with the Company
terminates.

VII.     TREATMENT OF INFORMATION

           a.      General. Executive acknowledges that, in and as a result of Executive’s employment by the
Company, Executive shall or may be making use of, acquiring and/or adding to confidential
information of a special and unique nature and value relating to such matters as the Company’s
trade secrets, systems, programs, procedures, manuals, confidential reports and communications, the
agreements with or terms of any relationship or agreement with any distributor, customer or
strategic partner, and lists and/or electronic mail addresses of customers and prospective
customers. Executive further acknowledges that any information and materials received by the
Company from third parties in confidence (or subject to nondisclosure or similar covenants) shall
be deemed to be and shall be Protected Information within the meaning of this Section 7. Executive
covenants and agrees that Executive shall not, except with the prior written consent of the
Company, or except if Executive is acting as an employee of the Company solely for the benefit of
the Company in connection with the Company’s business and in accordance with the Company’s business
practices and employee policies, at any time during or following

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the Employment Period, directly or indirectly, disclose, divulge, reveal, report, publish, transfer
or use, for any purpose whatsoever, any Protected Information which has been obtained by or
disclosed to Executive as a result of Executive’s employment with the Company, including any of the
information referred to in Section 7(b). Disclosure of any such information of the Company shall
not be prohibited if such disclosure is directly related to a valid and existing order of a court
or other governmental body or agency within the United States; provided, however, that (i)
Executive shall first have given prompt notice to the Company of any possible or prospective order
(or proceeding pursuant to which any such order may result) and (ii) the Company shall have been
afforded a reasonable opportunity to prevent or limit any such disclosure.

           b.      Definition of Protected Information. For purposes of this Agreement, the term “Protected
Information” shall mean all of the information referred to in Section 7(a) hereof and all of the
following materials and information (whether or not reduced to writing and whether or not
patentable or protectable by copyright) which Executive receives, receives access to, conceives or
develops or has received, received access to, conceived or developed, in whole or in part, directly
or indirectly, in connection with Executive’s employment with the Company or in the course of
Executive’s employment with the Company or through the use of any of the Company’s facilities or
resources:

                i.      application, operating system, data base, communication and other computer software,
whether now or hereafter existing, developed for use on any operating system, all modifications,
enhancements and versions and all options available with respect thereto, and all future products
developed or derived therefrom;

                ii.      source and object codes, flowcharts, algorithms, coding sheets, routines, sub-routines,
compilers, assemblers, design concepts and related documentation and manuals;

                iii.      production processes, marketing techniques and arrangements, mailing lists, purchasing
information, pricing policies, quoting procedures, financial information, customer and prospect
names and requirements, employee, customer, supplier and distributor data and other materials or
information relating to the Company’s business and activities and the manner in which the Company
does business;

                iv.      discoveries, concepts and ideas including, without limitation, the nature and results of
research and development activities, processes, formulas, inventions, computer-related equipment or
technology, techniques, “know-how,” designs, drawings and specifications;

                v.      any other materials or information related to the business or activities of the Company
which are not generally known to others engaged in similar businesses or activities; and

                vi.      all ideas which are derived from or relate to Executive’s access to or knowledge of any of
the above enumerated materials and information.
Failure to mark any of the Protected Information as confidential, proprietary or Protected
Information shall not affect its status as part of the Protected Information under the terms of
this Agreement. For purposes of this Agreement, the term. Protected Information shall not include
information which is or becomes publicly available without breach of (i) this Agreement, (ii) any

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other agreement or instrument to which the Company is a party or a beneficiary or (iii) any duty
owed to the Company by Executive or any third party; provided, however, that Executive hereby
acknowledges and agrees that, except as otherwise provided in Section 7(a) hereof, if Executive
shall seek to disclose, divulge, reveal, report, publish, transfer or use, for any purpose
whatsoever, any Protected Information, Executive shall bear the burden of proving that any such
information shall have become publicly available without any such breach.

           c.      Burden of Proof. In any dispute between the Company and Executive regarding Protected
Information, Executive shall bear the burden of proving that information is not Protected
Information.

           d.      Additional Agreement. Executive shall simultaneously with the execution and delivery of
this Agreement execute and deliver to the Company the Company’s standard form Employee
Non-Disclosure and Proprietary Information Agreement, the terms of which shall be in addition to
and not in any way be in derogation, limitation or restriction of the provisions of this Section 7.

VIII.     DISCOVERIES AND WORKS

All discoveries and works made or conceived by the Executive during his employment by the Company,
jointly or with others, that relate to the Company’s activities shall be owned by the Company. The
term “discoveries and works” include, by way of example, inventions, computer programs (including
documentation of such programs), technical improvements, processes, drawings and work of
authorship. The Executive shall: (a) promptly notify, make full disclosure to, and execute and
deliver any documents requested by the Company to evidence or better assure title to such
discoveries and works in the Company; (b) assist the Company in obtaining or maintaining for itself
at its own expense United States and foreign patents, copyrights, trade secret protection or other
protection of any and all such discoveries and works; and (c) promptly execute, whether during the
Employment Period or thereafter, all applications or other endorsements necessary or appropriate to
maintain patents and other rights for the Company and to protect its title thereto. Executive
shall simultaneously with the execution and delivery of this Agreement execute and deliver to the
Company the Company’s standard form Employee Invention Agreement, the terms of which shall be in
addition to and not in any way be in derogation, limitation or restriction of the provisions of
this Section 7.

IX.      REMEDIES

Executive acknowledges and agrees that any breach of his obligations under Sections 6, 7 or 8 of
this Agreement will cause the Company irreparable injury for which the Company has no adequate
remedy at law. Accordingly, in the event Executive breaches or threatens to breach any of his
obligations set forth in such sections, the Company shall have the right to obtain an injunction or
decree of specific performance from any court of competent jurisdiction to restrain him from
violating those obligations or to compel him to perform those obligations, in addition to any other
rights the Company may have against Executive. Executive agrees that the Company may obtain such
injunctive or equitable relief without posting a bond.

X.      REPRESENTATIONS AND WARRANTIES OF EXECUTIVE

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           a.      Authority to Enter into Agreement. Executive hereby represents and warrants that he has
full right and authority to enter into this Agreement and to perform his obligations hereunder.

           b.      Prior Obligations. Company has reviewed Executive’s prior employment agreement and
acknowledges the presence of terms and conditions set forth therein as to non-competition by
Executive. Neither the Company nor the Executive are of the belief that the execution and delivery
of this Agreement by Executive and the performance of Executive’s obligations hereunder will
conflict with or breach the non-competition provisions of such agreement.

           c.      No Conflict of Interest. Executive warrants that he is not, to the best of his knowledge
and belief, involved in any situation that might create, or appear to create, a conflict of
interest with his loyalty to or duties for the Company.

           d.      No Third Party Materials or Documents. Executive further warrants that he has not brought
and will not bring to the Company or use in the performance of his responsibilities at the Company
any materials or documents of a third party, including without limitation a former employer, that
are not generally available to the public.

           e.      Other Obligations. Executive also understands that, as part of his employment with the
Company, Executive is not to breach any obligation of confidentiality that Executive has to third
parties, including without limitation former employers, and Executive agrees to honor all such
obligations during the Employment Period. Executive has disclosed to the Company any prior
confidentiality, non-competition or assignment of invention agreements that he has entered into
with previous employers or others, which by their terms impose obligations on Executive as of the
date hereof.

XI.      MISCELLANEOUS

           a.      Notices. Any notice required or permitted to be given under this Agreement shall be in
writing, and shall be deemed sufficient if delivered personally, mailed by certified or registered
mail, return receipt requested, or sent via facsimile or electronic mail if receipt is
acknowledged. Notice shall be deemed to have been given when personally delivered, two (2)
business days after having been mailed by certified or registered mail, return receipt requested,
or one (1) business day after acknowledgment of receipt of notice via facsimile or electronic mail
transmission, as follows:

If to the Company:

Global Secure Corp.

2600 Virginia Avenue

Suite 600

Washington, D.C. 20037

Attention: General Counsel

Facsimile: (202) 333-0082

e-mail: egaller@globalsecurecorp.com

12

 

If to Executive:

to the address first written above.

e-mail: cbandes@aol.com and cbandes@globalsecurecorp.com

or to such other address as the person to whom notice is to be given may have specified in a notice
duly given to the sender as provided herein.

           b.      Waiver. The waiver by any party to this Agreement of a breach of any of the provisions of
this Agreement shall not constitute a waiver of any subsequent breach.

           c.      Severability. In case any provision of this Agreement shall be held by a court or
arbitrator with jurisdiction over the parties to this Agreement to be invalid, illegal or otherwise
unenforceable, such provision shall be restated to reflect as nearly as possible the original
intentions of the parties in accordance with applicable law, and the validity, legality and
enforceability of the remaining provisions shall in no way be affected or impaired thereby.

           d.      Governing Law. This Agreement shall be governed by the laws of the District of Columbia,
without regard to its conflict of laws provisions. Executive hereby irrevocably consents to, and
waives any objection to the exercise of, personal jurisdiction by the state and federal courts
located in the District of Columbia with respect to any action or proceeding arising out of this
Agreement.

           e.      Assignment. This Agreement is not assignable by either party without the written consent
of the other; provided, however, that the provisions of this Agreement shall be assignable to and
shall inure to the benefit of and be binding upon any successor of the Company, whether by merger,
consolidation, or transfer of all or substantially all of its assets or otherwise.

           f.      Headings. The section headings contained in this Agreement are for reference purposes only
and shall not in any way affect the meaning or interpretation of this Agreement.

           g.      Counterparts. This Agreement may be executed in counterparts, each of which shall
constitute an original agreement, but both of which shall constitute only one agreement.

           h.      Complete Agreement; Amendment. This Agreement supersedes any and all prior discussions and
understandings, whether written or oral, and represents the complete agreement between the parties.
In the event of a conflict or inconsistency between the terms of this Agreement and the Company’s
policies regarding employees, the terms of this Agreement shall supersede the conflicting or
inconsistent Company policies; otherwise Executive’s employment shall be subject to the policies of
the Company as revised form time to time. No modification, waiver, termination, rescission,
discharge or cancellation of this Agreement shall affect the right of any party to enforce any
other provision or to exercise any right or remedy in the event of any other default. This
Agreement may not be amended, modified or supplemented except by a written document signed by both
parties.

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                i.      Arbitration. All disputes arising under or in connection with this Agreement shall be
submitted exclusively to binding arbitration in Washington, D.C. under the National Rules for
Resolution of Employment Disputes issued by the American Arbitration Association (“AAA”)then in
effect, and the decision of the arbitrator shall be final and binding upon the parties. Judgment
upon the award rendered may be entered and enforced in any court having jurisdiction. The parties
hereby consent to personal jurisdiction of any state or federal court sitting in Washington, D.C.
in order to enforce any arbitration judgment and waive any objection that such a forum is
inconvenient. The parties hereby consent to service of process in any such action by U.S. mail or
other commercially reasonably means of receipted delivery.

[signatures on following page]

14

 

     IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the date first
above written.

Global Secure Corp.

By:      /s/ Eric S. Galler                 
                                                       

Name: Eric S. Galler                                                          
                   

Title:   Senior Vice President and General Counsel                              

Executive

By:       /s/ Craig R. Bandes                
                     
                           
 

Name: Craig R. Bandes

15exv10w22

 

Exhibit 10.22

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (“Agreement”) is made as of November 12, 2004, by and between
GlobalSecure Holdings Ltd. with principal offices at 2600 Virginia Avenue NW, Suite 600,
Washington, DC (the “Company”) and Eric S. Galler an individual residing at 9803 Hollow Glen Place,
Silver Spring, MD 20910 (the “Executive”).

WITNESSETH:

     WHEREAS, the Executive has experience as an attorney advising development stage companies and
desires to be employed by the Company; and

     WHEREAS, the Company desires to employ Executive.

     NOW, THEREFORE, it is agreed as follows:

     ARTICLE 1.      DEFINITIONS.

     As used in this Agreement, the following terms shall have the meanings set forth below. Other
terms are defined elsewhere in this Agreement.

     1.01.      “Affiliate” of an entity shall mean any entity controlled by, controlling or
under common control with such entity.

     1.02.      “Base Salary” shall mean the Executive’s base salary pursuant to Section
5.01(a) hereof.

     1.03.      “Board” shall mean the Board of Directors of the Company.

     1.04.      “Cause” shall mean (1) breach by Executive of any material provision of this
Agreement, (ii) any act by Executive of fraud or dishonesty, including but not limited to stealing
or falsification of Company records, with respect to any aspect of the Company’s business, (iii)
violation by Executive of state or federal laws applicable to the Company, (iv) drug or alcohol use
of Executive in violation of Company policy or that impedes Executive’s job performance or brings
Executive into disrepute in the community, (v) substantial failure by Executive to perform his
obligations hereunder (which is not the subject of a specific provision of this definition of
Cause) which continues uncured for 30 days after notice of such failure is given to the Executive,
(vi) misappropriation of funds or of any corporate opportunity, (vii) conviction of Executive of a
felony, or of a crime that the Company, in its sole discretion, determines involves a subject
matter which may reflect negatively on the Company’s reputation or business (or a plea of nolo
contendere thereto), (viii) acts by Executive attempting to secure or securing any personal profit
not fully disclosed to and approved by the Board of Directors of the Company in connection with any
transaction entered into on behalf of the Company, (ix) gross, willful or wanton negligence,
misconduct, or conduct which constitutes a breach of any fiduciary duty owed to the Company by
Executive, which shall be deemed to include repeated failures by Executive which are cured within
any cure period allowed herein, (x) the failure of Executive to follow instructions or directions
from the Board of Directors which instructions and directions are proper in light of the

 

 

office(s)
Executive holds with the Company which continues uncured for 30 days after notice of such failure
is given to the Executive, (xi) violation of any Company policy, rule, regulation or directive
which continues uncured for 30 days after notice of such failure is given to the Executive, (xii)
conduct on the part of Executive, even if not in connection with the performance of his duties
contemplated under this Agreement, that could result in serious prejudice to the interests of the
Company, and Executive fails to cease such conduct within 14 days of notice to cease such conduct;
or, (xiii) acceptance of employment with any other employer. Cause shall be determined by the
Board (excluding Executive if he is a member) based upon the exercise of their reasonable business
judgment.

     1.05.      “Date of Termination” shall mean (i) if the Executive’s employment is
terminated by his death or Retirement, the date of his death or Retirement, as applicable, (ii) if
the Executive’s employment is terminated for Disability, thirty (30) days after Notice of
Termination is given (provided that the Executive shall not have returned to the full-time
performance of his duties during such thirty (30) day period), (iii) if the Executive’s employment
is terminated without Cause or for Cause, the present or future date specified in the Notice of
Termination, and (iv) if the Term of this Agreement expires (including an expiration by reason of
the giving of a Nonrenewal Notice), upon the later of the date of such expiration or the date of
the actual termination of the Executive’s employment by the Company, and (v) if the Agreement is
terminated by Executive with Good Reason or otherwise (other than for Disability).

     1.06.      “Disability” shall occur upon the earlier of (i) an incapacity due to physical
or mental illness, which causes the Executive to be absent from his duties under this Agreement for
ninety (90) consecutive days, or (ii) thirty (30) days after written notice from the Company to the
Executive that the Company has received, from a duly licensed physician, an opinion that the
Executive will be unable to perform his duties on a full-time basis prior to the expiration of
ninety (90) days after an incapacity due to physical or mental illness began.

     1.07.      “Good Reason” shall mean (1) any assignment to the Executive of any duties
other than those contemplated by, or any limitation of the powers of the Executive in any respect
not contemplated by, Section 4.02 hereof, (ii) any removal of the Executive from or any failure to
re-elect the Executive to any of the positions indicated in Article 4 hereof, except in connection
with termination of the Executive’s employment in accordance with the terms hereof, (iii) a
reduction in the Executive’s Base Salary effected without the agreement of the Executive or as
otherwise permitted by this Agreement, or (v) any other failure by the Company to comply with
Articles 4 and 5 hereof.

     1.08. “Notice of Termination” shall mean written notice given by either party hereto,
which shall indicate the specific provisions in this Agreement being relied upon for termination.

     1.09.      “Proceeding” shall mean and include any threatened, pending or completed
action, suit or proceeding, whether brought by or in the right of the Company or in the name of the
Company or otherwise and whether of civil, criminal, administrative or investigative nature,
including but not limited to, actions, suits or proceedings brought under and/or predicated upon
federal and state procurment laws and regulations, the Securities Act of 1933, as amended, and/or
the Securities and Exchange Act of 1934, as amended, and/or the Investment Advisers Act of 1940, as
amended, and/or the Investment Company Act of 1940, as amended, and/or the

2

 

Futures Trading Act of
1982, as amended, and/or the Commodity Exchange Act, as amended, and/or their respective state
counterparts and/or any rule or regulation promulgated thereunder, in which the Executive may be or
may have been involved as a party or otherwise, by reason of the fact that she is or was an
officer, director, executive or agent of the Company or any Affiliate of the Company or was serving
at the request of the Company as a director, officer, executive or agent of another corporation,
partnership, joint venture or other enterprise, or by reason of any alleged action or inaction of
the Executive while acting in such capacity or in any other capacity related to the Company or such
other enterprise while serving in such capacity, whether or not he is serving in such capacity at
the time any liability or expense is incurred for which indemnification is provided under this
Agreement.

     1.10.      “Retirement” shall mean Executive’s actual retirement from employment by the
Company or any other employer upon or after reaching age 65.

     1.11.      “Vested” with respect to stock options shall mean that the options, under the
terms thereof are exercisable and with respect to securities shall mean that the securities are not
subject to a right of forfeiture or a repurchase option by the Company.

     1.12.      “Subsidiary” shall mean an Affiliate which is controlled by a Person.

     ARTICLE 2.      EMPLOYMENT OF THE EXECUTIVE.

     The Company hereby employs the Executive, according to the terms of this Agreement. The
Executive accepts such employment and agrees to serve the Company in such capacities, according to
the terms of this Agreement, for the term of this Agreement.

     ARTICLE 3.      TERM.

     The term of this Agreement shall begin on January 3, 2005 and shall end on December 31, 2006.
If, within ninety (90) days of the end of the Term, the Company has not delivered to the Executive
a written notice of the Company’s intention not to renew this Agreement, or the Executive has not
delivered a written notice to the Company of his intention not to renew this Agreement, this
Agreement shall be automatically extended for successive terms of one year. Either such notice of
non-renewal is referred to herein as a “Nonrenewal Notice”.

     ARTICLE 4.      DUTIES.

     4.01.      Commitment. During the Term, Executive will devote his best efforts,
knowledge, skill and entire business time and attention (except for vacation or other leave
periods) to the business of the Company and will faithfully and diligently carry out such duties
and have such responsibilities as are customary for persons employed in substantially similar
capacities for similar companies. During the Term, Executive shall not render services of a
business, professional or commercial nature to any other entity or person without the written
consent of the Board of Directors of the Company. Executive shall faithfully and diligently comply
with all reasonable and lawful directives. Notwithstanding the foregoing, Executive may provide
business advice to non-competing business(es) with whom he has a relationship on the commencement
date hereof provided that doing so does not materially interfere with the performance of his duties
hereunder.

3

 

     4.02.      Duties. The Executive shall perform such duties as are normally carried out by
an executive officer having the same title in companies engaged in a similar business and such
other duties as consistent with his office as may be assigned to the Executive from time to time by
the Chief Executive Officer of the Company, if one has been elected or the Board of Directors. The
Executive shall report directly to the Chief Executive Officer, if one has been elected or if not,
the Board of Directors. Executive shall be based at the Company’s principal office however
Executive shall travel as may be required by his duties.

     4.03.      Positions. The Executive shall be the Senior Vice President-General Counsel of
the Company. The Executive agrees to serve as Secretary (or other officer) and/or a member of the
Board of Directors of the Company and any Subsidiary of the Company, if elected and, subject to the
reasonable approval of Executive, as a director and/or officer of any other Affiliate of the
Company if so elected.

     4.04.      Right to Indemnification. The Executive shall be indemnified, to the full
extent permitted by applicable law, if the Executive is made a party to any Proceeding. Such
indemnity shall include, but not be limited to, the right to receive payment of expenses as
incurred by Executive in any Proceeding to the full extent such payment is permitted by applicable
law on and subject to the provisions of applicable law.

     ARTICLE 5.      COMPENSATION.

     5.01.      Base Salary. The Company shall pay the Executive, and the Executive shall be
entitled to receive, an annual salary of $150,000 payable in accordance with the Company’s payroll
practices, but not less often than monthly. Executive shall receive such annual increase in Base
Salary as may be awarded by the Board of Directors from time to time.

     5.02.      Bonus. Within 30 days of commencement of the Term, the Chief Executive
Officer, after consultation with Executive, shall develop a performance based bonus plan for
Executive. Annually thereafter, the Chief Executive Officer, after consultation with Executive,
shall develop an annual performance based bonus plan for Executive which may cover more than one
fiscal year or less than one fiscal year in which case, if appropriate, will be prorated for such
partial fiscal year. Based upon achievement of the goals set forth in such plan and in accordance
with such plan, Executive shall receive a bonus of up to 50% of his Base Salary. The bonus earned
by Executive shall be determined and paid on the earlier of the completion of the Company’s audit
for the fiscal year for to which the bonus is being determined or 90 days after the end of such
fiscal year.

     5.03.      Stock Options. The Executive shall be granted incentive stock options to
purchase 200,000 shares of the common stock of the Company pursuant to an option agreement in the
usual form used by the Company under its 2003 Stock Incentive Plan. The exercise price shall be
$1.22 per share, the term shall be five (5) years and the options shall become exercisable (that is
Vested) in equal monthly tranches over a two year period, with the first Vesting occurring on
February 1, 2005. Any options which are not Vested at the time of termination shall terminate and
any Vested options shall be exercisable in accordance with the plan and the option agreement.
Executive may receive such other awards of stock options or equity rights as may be granted by the
Board of Directors from time to time.

4

 

     5.04.      Benefits. ? how do we handle parking, we will include it here?

     (a)      The Company shall reimburse the Executive in accordance with its standard policies for
reasonable and proper expenses, including transportation, travel and entertainment expenses,
incurred on behalf of the Company against presentation of proper itemized statements of such
expenditures. Proper itemized statements of such expenditures shall mean the types of back-up
information required to support federal income tax deductions.

     (b)      The Executive shall be entitled to personal time off (including vacation, personal time
and sick days) during the Term in accordance with the Company’s policies therefor but not less than
4 weeks per year. One week of the personal time off may be carried over and taken in following
year. Any additional accumulation of such personal time off will be allowed only if permitted by
the Company’s policy therefor or approved by the Board of Directors.

     (c)      The Executive shall be entitled to participate in all health insurance, life insurance and
benefit plans available to executive employees of the Company on, and subject to, the terms and
conditions of such plans. Notwithstanding the foregoing, Executive shall be provided family health
insurance coverage at no cost to Executive or shall be paid additional compensation equal to the
amount Executive is required to pay to obtain family coverage if the Company, under the terms of
its benefit plans, does not provide fully paid family coverage.

     ARTICLE 6.      TERMINATION.

     6.01.      By Either Party. Either Party may terminate this Agreement at any time, with
or without Cause or Good Reason, in accordance with the procedures set forth herein. Any Notice of
Termination given hereunder shall specify the Date of Termination.

     6.02.      By the Executive. The Executive may terminate his employment hereunder for
Good Reason or due to his Disability. In the event that the Executive shall terminate this
Agreement for Good Reason, the Date of Termination with respect thereto shall be sixty (60) days
after the Company has received notice of such termination.

     6.03.      By the Company. The Company may terminate this Agreement with Cause or due to
Executive’s Disability.

     6.04.      Automatic Termination. The Executive’s employment hereunder shall
automatically terminate upon his death or Retirement.

     6.05.      Notice of Termination. Any termination of the Executive’s employment
hereunder, except in the case of Executive’s death, shall be communicated by the party terminating
the Executive’s employment by written Notice of Termination to the other party.

     ARTICLE 7.      COMPENSATION DURING DISABILITY OR UPON TERMINATION.

     7.01.      Disability. During any period that the Executive fails to perform his duties
hereunder as a result of a Disability, prior to any termination of employment, the Executive shall
continue to receive his full Base Salary and Bonus. The Company shall not be obligated to pay

5

 

the
Executive the compensation provided for in Article 5 hereof during any period in which he is
receiving benefits under any Company salary continuation or disability income program except to the
extent of compensation previously accrued and except to the extent that the compensation provided
for in Article 5 hereof exceeds such benefits under such program. In the event the Company
terminates this Agreement due to Executive’s Disability, Executive shall be entitled to receive,
and the Company shall be obligated to pay Executive, an amount equal to the Base Salary in effect
on the date the Notice of Termination is given for a period of sixty (60) days following the Date
of Termination (which, in accordance with Section 1.06 hereof, will be thirty (30) days following
the date of the Notice of Termination, resulting in Executive receiving payment of ninety (90) days
Base Salary in such event); such payment will be payable at the time Executive would have received
payment of Base Salary had this Agreement not been so terminated.

     7.02.      Death or Retirement. If the Executive’s employment is terminated by reason of
his death or Retirement, the Executive’s legal representative and/or dependent or beneficiary or
Executive, as the case may be, shall be entitled to receive, and the Company shall pay to or
provide for payment to the Executive’s legal representative and/or dependent or beneficiary or
Executive, all amounts and benefits due and owing through the date of termination of employment and
the Bonus pro rated for the period between the first date of the then fiscal year and the date of
the Executive’s death or Retirement, which Bonus shall be payable at the time it would have been
payable had Executive continued to be employed by the Company hereunder.

     7.03.      Termination by the Company for Cause Termination by the Executive Without Good
Reason. If the Executive’s employment shall be terminated by the Company for Cause or if the
Executive shall terminate his employment without Good Reason, the Company shall pay the Executive
his full Base Salary through the Date of Termination at the rate in effect at the time such
termination occurs, and thereafter the Company shall have no further obligation to the Executive
under this Agreement, except the Company shall continue to have its obligations (i) to pay
accumulated benefits under benefits plans or arrangements under Article 5, and (ii) to reimburse
the Executive for expenses incurred pursuant to Section 5.03(a) hereof prior to termination.
Additionally, under such circumstance any stock options owned by Executive which are not Vested
shall terminate on the Date of Termination; any Company securities owned by Executive which are
subject to forfeiture and any Company securities owned by Executive which are subject to a
repurchase option in favor of the Company shall remain subject to such option.

     7.04.      Other. If the Company shall terminate the Executive’s employment other than
(i) by reason of the giving of a Nonrenewal Notice or (ii) for Disability or Cause or if the
Executive shall terminate his employment for Good Reason, then:

     (a)      the Company shall pay the Executive the payments specified in Section 7.03;

     (b)      the Company shall (i) be obligated to pay Executive his Base Salary at the rate in effect
on the Date of Termination for a period of six (6) months following the Date of Termination
(“Severance Period”) which shall be paid at the same time such payments would have been due had
Executive’s employment not been terminated (ii) be obligated to pay Executive, to the extent the
goals established pursuant to Section 5.02 have been met, the Bonus

6

 

and if applicable, prorated for
that portion of the fiscal year elapsed prior to the Date of Termination, payable when such payment
would have been due had Executive’s employment not been terminated and (ii) arrange to provide the
Executive with life, disability, accident and health insurance benefits substantially similar to
those which the Executive was receiving immediately prior to the Date of Termination during the
ninety day period following the Date of Termination, provided that benefits otherwise receivable by
the Executive pursuant to this Section 7.04(c) shall be reduced to the extent comparable benefits
are actually received by the Executive from any person other than the Company.

     ARTICLE 8.      NON-TRANSFERABILITY.

     Neither the Executive, his widow, nor his estate shall have the power to transfer, assign,
anticipate, mortgage or otherwise encumber any of the benefits payable hereunder, nor will said
benefits be subject to seizure for the payment of any debts of, or judgments against, any of such
persons, or be transferable by operation of law in the event of bankruptcy or insolvency of any
such persons.

     ARTICLE 9.      PROPRIETARY INFORMATION.

     9.01.      Nondisclosure. Executive acknowledges that during the course of his employment
by the Company, the Company will provide, and the Executive will acquire, knowledge with respect to
the Company’s and its Affiliates’ business operations, including, by way of illustration, their
existing and contemplated product line, trade secrets, compilations, business and financial methods
or practices, plans, pricing, marketing, merchandising and selling techniques and information,
customer lists, supplier lists and confidential information relating to the Company’s and of its
Affiliates’ policies and/or business strategy (all of such information herein referenced to as the
“Confidential Information”). The protection of the Confidential Information against unauthorized
disclosure or use is of critical importance to the Company. Executive agrees that he will not,
during the Term, divulge to any person, directly or indirectly, except to the Company or its
officers and agents or as reasonably required in connection with Executive’s duties on behalf of
the Company and any Affiliate, or use, except on behalf of the Company and any Affiliate, any
Confidential Information acquired by the Executive during the Term. The Executive agrees that he
will not, at any time after the Term has ended, use or divulge to any person directly or indirectly
any Confidential Information, or use any Confidential Information in subsequent employment.

     9.02.      Return of Documents. Executive agrees that if Executive’s relationship with
the Company is terminated (for whatever reason), Executive shall not take with Executive, but will
leave with the Company, all work product, records, files, memoranda, reports, price lists, customer
lists, supplier lists, documents and other information, in whatever form (including on computer
disc), and any copies thereof, relating to the Confidential Information or if such items are not on
the premises of the Company, Executive agrees to return such items immediately upon Executive’s
termination. Executive acknowledges that all such items are and remain the property of the
Company.

7

 

     9.03.      Discoveries. Executive agrees to promptly and freely disclose to the Company,
in writing, any and all ideas, conceptions, inventions, improvements and discoveries (collectively,
“Discoveries”), whether patentable or not, that are conceived or made by Executive, solely or
jointly with another, during the Term, and that relate to the business or activities of, or the
products or services sold by, the Company and its Affiliates. Executive hereby assigns to the
Company all of Executive’s interest in any such Discoveries. Executive agrees to, upon the request
of the Company, whether during or after the Term, execute any and all applications, assignments and
other instruments that the Company shall, in its sole discretion, deem necessary to apply for and
obtain protection, including, without limitation, patent protection, for the Discoveries in all
countries of the world. The obligations of the parties under this Section 9.03 shall survive the
termination of this Agreement.

     9.04.      Copyright. If, during the Term, Executive creates any original work of
authorship fixed in any tangible medium of expression, which is the subject matter of copyright,
including, without limitation, video tapes, written presentations, computer programs, drawings,
models, manuals, brochures and the like, that relate to the Company’s or its Affiliates’ business,
products sold or services, whether such work is created solely by Executive or jointly with others,
the Company shall be deemed to be the author of such work if the work is prepared by Executive
within the scope of Executive’s employment; or if the work is not prepared by Executive within the
scope of Executive’s employment, but is specially ordered by the Company or any Affiliates,
including, without limitation, as a contribution to a collective work, or as a part of an
audio-visual work, as a translation, as a supplementary work, as a compilation, or as an
instructional text, or is created using any resources or property of the Company or any Affiliates,
the work shall be considered a work made for hire, and the Company shall be the author of the work.
If such work is neither prepared by Executive within the scope of employment, nor as a work made
for hire, Executive hereby assigns to the Company all of Executive’s world-wide right, title and
interest in and to such work and all rights of copyright therein. Executive agrees to, upon the
request of the Company, whether during or after the period of Executive’s employment by the
Company, assist the Company in the protection of the Company’s or Affiliates’ world-wide right,
title and interest in and to the work and all rights of copyright therein, including, without
limitation, the execution of all formal assignment documents requested by the Company, and the
execution of all lawful oaths and applications for registration of copyright in the United States
and foreign countries. The obligations of the parties under this Section 9.04 shall survive the
termination of this Agreement.

     9.05.      No Exclusions. Executive hereby represents that Executive has not heretofore
made any Discoveries or prepared any work which is the subject of copyrights that Executive wishes
to exclude from the provisions of Sections 9.03 and 9.04 above.

     9.06.      No Interference With Employees, Vendors or Customers. For a period of two
years following the termination or expiration of this Agreement, Executive agrees that neither he
nor any individual, partners, limited partnership, corporation or other entity or business with
which he is in any way affiliated, including, without limitation, any partner, limited partner,
director, officer, shareholder or employee of any such entity or business, will (i) request, induce
or attempt to influence, directly or indirectly, any employee of the Company or its Affiliates to
terminate their employment with the Company or its Affiliates, (ii) employ any person who as of the
date hereof was, or after such date is or was, an employee of the Company or its Affiliates,

8

 

(iii)
request, induce or attempt to influence, directly or indirectly, any customer, supplier or vendor
of the Company to terminate such person’s relationship with the Company or reduce the amount of
business such person conducts with the Company or (iv) solicit any business which is competitive
with the business of the Company or its Subsidiaries from any customer of the Company or any
Subsidiary of the Company.

     9.07.      Injunctive Relief. Executive acknowledges that breach of any of the agreements
contained herein, including, without limitation, any of the noncompetition and confidentiality
covenants specified in Sections 9.01 through 9.06, will give rise to irreparable injury to the
Company, inadequately compensable in damages. Accordingly, the Company shall be entitled to
injunctive relief to prevent or cure breaches or threatened breaches of the provisions of this
Agreement and to enforce specific performance of the terms and provisions hereof in any court of
competent jurisdiction, in addition to any other legal or equitable remedies which may be
available, without the need to prove irreparable injury or the inadequacy of legal remedies and
without posting a bond or other security. Executive further acknowledges and agrees that in the
event of the termination of this Agreement, his experience and capabilities are such that he can
obtain employment in business activities which are of a different or noncompeting nature with his
activities as an Executive of the Company; and that the enforcement of a remedy hereunder by way of
injunction shall not prevent Executive from earning a reasonable livelihood. Executive further
acknowledges and agrees that the covenants contained herein are necessary for the protection of the
Company’s legitimate business interests and are reasonable in scope and content.

     ARTICLE 10.      GOVERNING LAW.

     This Agreement and all transactions pursuant thereto shall be governed by and construed in
accordance with the internal laws of the State of Maryland.

     ARTICLE 11.      DISPUTE RESOLUTION AND ARBITRATION.

     11.01.      Jurisdiction and Venue. The parties consent to the jurisdiction of the
federal and state courts located in the District of Columbia as the sole situs for any dispute
arising out of, under or related to this Agreement. Neither party shall dispute or contest such
jurisdiction or venue on any basis whatsoever.

     11.02.      Attorneys’ Fees. All reasonable attorneys’ fees, related costs and interest
on the foregoing incurred by the prevailing party in the resolution of any dispute, controversy,
claim or difference hereunder shall be borne by the losing party.

     ARTICLE 12.      ASSIGNMENT.

     12.01.      By the parties. No approval shall be required for the Company to assign this
Agreement to any successor in interest to the Company’s business. This Agreement is personal to
Executive and may not be assigned or transferred by his without the prior written consent of the
Company which may be granted or withheld in its sole discretion. Any assignment made by either
party in contravention of this Section shall be null and void for all purposes.

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     12.02.      Successors. This Agreement and all rights of the Executive hereunder shall
inure to the benefit of and be enforceable by the Executive’s personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and legatees. If the
Executive should die while any amounts would have been still payable to his had he continued to
live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the
terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no
such designee, to the Executive’s estate.

     ARTICLE 13.      MISCELLANEOUS.

     13.01.      Entire Agreement. This Agreement, and all agreements and instruments to be
delivered by the parties hereto constitute the entire agreement among the parties hereto pertaining
to the subject matter hereof and thereof and supersede all negotiations, preliminary agreements and
all prior or contemporaneous discussions and understandings of the parties hereto in connection
with the subject matter hereof, whether oral or written, and except as aforesaid, are intended as a
complete and exclusive statement of the terms of the agreement among the parties.

     13.02.      Binding Effect. Except as otherwise provided in this Agreement, every
covenant, term, and provision of this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective legal representatives, successors, transferees, heirs and
permitted assigns.

     13.03.      Amendments. Neither this Agreement nor any part hereof may be amended,
waived, changed or in any way modified except in a writing executed by the parties hereto with the
same formality as this Agreement.

     13.04.      Waiver. The failure by any party to insist upon strict performance of any
covenant or condition of this Agreement, in any one or more instances, shall not be construed as a
waiver or relinquishment of any such covenant or condition in the future, but the same shall be and
remain in full force and effect.

     13.05.      Severability. Subject to the reformation provision in Section 9.08, if any
provision of this Agreement is held to be illegal, invalid or unenforceable under any present or
future law, and if the rights or obligations of Executive or the Company under this Agreement would
not be materially and adversely affected thereby, such provision shall be fully severable, and this
Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a part thereof, the remaining provisions of this Agreement shall remain in full
force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by
its severance herefrom, and in lieu of such illegal, invalid or unenforceable provision, there
shall be added automatically as a part of this Agreement a legal, valid and enforceable provision
as similar in terms to such illegal, invalid or unenforceable provision as may be possible, and the
Company and Executive hereby request the court to whom disputes relating to this Agreement are
submitted to reform the otherwise unenforceable covenant in accordance with this Section 13.05.

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     13.06.      Counterparts. This Agreement maybe executed in one or more counterparts, each
of which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

     13.07.      Headings. Article, Section, other headings and the table of contents
contained in this Agreement are for reference purposes only and are not intended to describe,
interpret, define, or limit the scope, extent, or intent of this Agreement or any provision hereof,
and shall not affect in any way the meaning or interpretation of this Agreement.

     13.08.      Form and Gender. Where the context and circumstances so require, the use of
the singular form of a word shall be deemed to include the plural form thereof (and vice versa) and
the masculine gender shall be deemed to include the feminine and neuter genders thereof (and vice
versa).

     13.09.      Construction. Every covenant, term, and provision of this Agreement shall be
construed simply according to its fair meaning and not strictly for or against any party.

     ARTICLE 14.      NOTICES.

     Any notice, demand, request or other communication which by any provision of this Agreement is
required or permitted to be given to or served on any party hereto shall be given in writing
(setting forth in reasonable detail the purpose of such notice, demand, request or communication
and identifying the provision of this Agreement pursuant to which such notice, demand, request or
communication is given), and shall be deemed to be effective for all purposes when (i) delivered
personally or (ii) sent by registered or certified mail, return receipt requested, postage prepaid,
to the address set forth below for such party at the address set forth above.

     Signatures appear on the next page

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     Signature page to Employment Agreement between GlobalSecure Holdings Ltd. and Eric S. Galler dated as of November 12, 2004

     IN WITNESS WHEREOF the parties have set their hands
and seal as of the day and year first above written.

	 	 	 	 	 
	 	GlobalSecure Holdings Ltd.

 	 
	 	By:  	/s/ Craig Bandes
 	 
	 	 	Craig Bandes, President 	 
	 	 	 	 
	 
	 	 	 
	 	                                                     /s/ Eric S. Galler
 	 
	 	Eric S. Galler 	 
	 	 	 
	 

12

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