Document:

Warrant Cancellation Agreement

 Exhibit 10.3 

WARRANT CANCELLATION AGREEMENT 

This Warrant Cancellation Agreement (this “Agreement”) dated as of August 16, 2010 is entered into by and between
Valentis SB L.P. (“Holder”) and ICx Technologies, Inc., a Delaware corporation (the “Company”). Reference is made to the Agreement and Plan of Merger, dated as of the date hereof (the “Merger
Agreement”), by and among FLIR Systems, Inc., an Oregon corporation (“Parent”), and Indicator Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”), and the Company,
pursuant to which Merger Sub shall merge with and into the Company with the Company as the surviving corporation (the “Merger”). Capitalized terms used and not defined herein have the meanings ascribed to them in the Merger
Agreement. 
 THE UNDERSIGNED hereby acknowledges and agrees that: 

 

	 	1.	Holder is the holder of a warrant, dated as of February 3, 2006, as amended as of September 8, 2009, which entitles the holder to purchase 127,250 shares of
Company Common Stock (the “Warrant”); 

  

	 	2.	As a condition to their willingness to enter into the Merger Agreement, Parent and Merger Sub have requested that Holder, and in order to induce Parent and Merger Sub
to enter into the Merger Agreement, Holder has agreed to, enter into this Agreement; and 

  

	 	3.	Subject to the consummation of the Merger and without any further action on the part of Holder, the Warrant, if not theretofore exercised, will be canceled as of the
Effective Time in exchange for the right to receive from the Company, as of the Effective Time, cash, without interest, in an amount equal to (a) the product of (i) the number of Shares subject to the Warrants and (ii) the Merger
Consideration minus (b) the product of (i) the number of Shares subject to the Warrants and (ii) the per share exercise price of the Warrant immediately prior to the Effective Time, subject to any applicable withholding of Taxes and
the terms of the Merger Agreement. 

  

	 	4.	In the event that the Merger Agreement shall be terminated without the Effective Time having occurred, this Agreement shall terminate at the same time as such
termination. 

  

	 	5.	The parties will, from time to time, execute and deliver, or cause to be executed and delivered, such additional documents or take, or cause to be taken, such
additional acts as may be necessary to give full effect to the terms and intent of this Agreement. 

  

	 	6.	The parties hereto may only modify or amend this Agreement by a written agreement executed and delivered by duly authorized signatories of the respective parties which
expressly states that it is intended to modify or amend this Agreement. 

	 	7.	This Agreement shall be governed by, and construed in accordance with the laws of the State of Delaware, without giving effect to any choice or conflict of laws
provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Delaware. 

 

	 	8.	This Agreement, together with the Warrant, constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the
parties with respect to the subject matter hereof. 

  

	 	9.	This Agreement may be executed in multiple counterparts, all of which shall together be considered one and the same agreement. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective authorized signatories as of
the date and year first written above: 
  

					
	VALENTIS SB L.P.
	By:	 	Valentis SB GP LLC, its G.P.
		
	By:	 	 /s/ Joseph M. Jacobs

		 	Name:	 	Joseph M. Jacobs
		 	Title:	 	President
	
	ICX TECHNOLOGIES, INC.
		
	By:	 	 /s/ Colin Cumming

		 	Name:	 	Colin Cumming
		 	Title:	 	Chief Executive OfficerEleventh Amendment of Agreement to Purchase

 Exhibit 10.1 

ELEVENTH AMENDMENT OF AGREEMENT OF PURCHASE AND SALE 

AND JOINT ESCROW INSTRUCTIONS 

THIS ELEVENTH AMENDMENT OF AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS (this “Eleventh Amendment”) is entered
into as of this 13th day of April, 2010 (the “Effective Date”), by and among WEST OAHU MALL ASSOCIATES, LLC, a Hawaii limited liability company (“Seller”); TNP SRT WAIANAE MALL, LLC, a Delaware limited liability company
(“Buyer”); and TITLE GUARANTY ESCROW SERVICES, INC. 
 WHEREAS, Seller and TNP ACQUISITIONS, LLC (“TNP”)
entered into that certain Agreement of Purchase and Sale and Joint Escrow Instructions dated as of July 13, 2009 (the “Original Purchase Agreement”) pursuant to which Seller agreed to sell, and TNP agreed to purchase, certain real
property located in Honolulu, Hawaii and more particularly described in the Purchase Agreement (the “Property”); and 

WHEREAS, Seller and TNP entered into a First Amendment of Purchase and Sale and Joint Escrow Instructions on July 22, 2009
(“First Amendment”), thereby amending the Original Purchase Agreement; and 
 WHEREAS, Seller and TNP entered into a
Second Amendment of Purchase and Sale and Joint Escrow Instructions on August 13, 2009 (“Second Amendment”), thereby further amending the Original Purchase Agreement; and 

WHEREAS, Seller and TNP entered into a Third Amendment of Purchase and Sale and Joint Escrow Instructions on August 31, 2009
(“Third Amendment”), thereby further amending the Original Purchase Agreement; and 
 WHEREAS, Seller and TNP entered
into a Fourth Amendment of Purchase and Sale and Joint Escrow Instructions on October 15, 2009 (“Fourth Amendment”), thereby further amending the Original Purchase Agreement; and 

WHEREAS, Seller and TNP entered into a Fifth Amendment of the Purchase and Sale and Joint Escrow Instructions on November 24, 2009
(“Fifth Amendment”), thereby further amending the Original Purchase Agreement; and 
 WHEREAS, Seller and TNP entered
into a Sixth Amendment of the Purchase and Sale and Joint Escrow Instructions on December 15, 2009 (“Sixth Amendment”), thereby amending the Purchase Agreement; and 

WHEREAS, Seller and TNP entered into a Seventh Amendment of the Purchase and Sale and Joint Escrow Instructions on December 23
(“Seventh Amendment”), thereby further amending the Original Purchase Agreement; and 

 WHEREAS, Seller and TNP entered into an Eighth Amendment of the Purchase and Sale and Joint
Escrow Instructions on January 11, 2010 (“Eighth Amendment”), thereby further amending the Original Purchase Agreement; and 

WHEREAS, Seller and TNP entered into an Ninth Amendment of the Purchase and Sale and Joint Escrow Instructions on January 18, 2010
(“Ninth Amendment”), thereby further amending the Original Purchase Agreement; and 
 WHEREAS, Seller and TNP entered
into a Tenth Amendment of the Purchase and Sale and Joint Escrow Instructions on March 15, 2010 (“Tenth Amendment”), thereby further amending the Original Purchase Agreement; and 

WHEREAS, the Original Purchase Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth
Amendment, the Sixth Amendment, the Seventh Amendment, the Eighth Amendment, the Ninth Amendment and the Tenth Amendment are hereinafter referred to collectively as the “Purchase Agreement”; and 

WHEREAS, in accordance with the terms of the Purchase Agreement, the rights and obligations of TNP have been assigned to and assumed by
Buyer pursuant to an Assignment and Assumption Agreement dated December 14, 2009 between TNP as assignor and Buyer as assignee; 

WHEREAS, pursuant to the Purchase Agreement, the Closing Date may be extended to the fifth
(5th) calendar day after Buyer’s receipt of
written notice that Bank of America, N.A., a National Banking association, successor by merger to LaSalle Bank National Association, a national banking association, as Trustee for Morgan Stanley Capital I Inc., Commercial Mortgage Pass –Through
Certificates, Series 2006-1Q11 (the “Conduit Lender”) has approved Buyer’s proposed assumption of the Conduit Loan upon terms that are acceptable to Buyer and Conduit Lender; and 

WHEREAS, pursuant to the Purchase Agreement, such extension of the Closing Date is not to extend past the Outside Closing Date, defined
as April 15, 2010; and 
 WHEREAS, the Conduit Lender has not yet approved the assumption of the Conduit Loan upon terms
that are acceptable to Buyer and it is the intent of the parties to extend the Outside Closing Date in order to grant the Conduit Lender and Buyer additional time in which to achieve this goal; and 

WHEREAS, Seller and Buyer therefore desire to amend the Purchase Agreement, as amended on the terms and conditions contained herein.

 NOW, THEREFORE, in consideration of the promises and mutual agreements contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: 

 1. Outside Closing Date. The Outside Closing Date as defined in Section 1.6 of
the Purchase Agreement shall be Monday, April 19, 2010. 
 2. Miscellaneous. The Original Purchase Agreement, as
modified by the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, Fifth Amendment, Sixth Amendment, Seventh Amendment, Eighth Amendment, Ninth Amendment, Tenth Amendment and this Eleventh Amendment, constitutes the
entire agreement between the parties hereto with respect to the transactions contemplated herein, and it supersedes all prior discussions, understandings or agreements between the parties and may not be contradicted by evidence of any prior or
contemporaneous agreement. The recitals set forth herein above are hereby incorporated into the Purchase Agreement as if fully set forth as part of the agreement between the parties hereto. This Eleventh Amendment may be executed in any number of
counterparts and it shall be sufficient that the signature of each party appear on one or more such counterparts. All counterparts shall collectively constitute a single agreement. The above Recitals are hereby incorporated by reference. 

[Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties hereto have executed this Eleventh Amendment as of the date
first written above. 
  

					
	SELLER:	 	 WEST OAHU MALL ASSOCIATES, LLC,

A Hawaii limited liability company

		 	
		 	By:	 	 /s/ Faraz Daneshgar

		 	Name:	 	Faraz Daneshgar
		 	Title:	 	VP
		
	BUYER:	 	 TNP SRT WAIANAE MALL, LLC,

a Delaware limited liability company

			
		 	By:	 	 /s/ Wendy Worcester

		 	Name:	 	Wendy Worcester
		 	Title:	 	CFO

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