Document:

EX-10.3

EXHIBIT 10.3

SEPARATION AGREEMENT AND GENERAL RELEASE 

     This Separation Agreement and General Release (“Agreement”) is between Wireless Ronin
Technologies, Inc. (the “Company” or “WRT”) and Jeffrey C. Mack (referred to in this Agreement as
“I” or “me.”)

	1.	 	Recital. The Company and I entered into an Executive Employment Agreement effective
April 1, 2006, hereafter referred to as the “Employment Agreement.” Capitalized terms used in
this Agreement but not herein defined are defined in the Employment Agreement.

	2.	 	Resignation. I have voluntarily resigned from my employment and from all offices and
other positions I may have had with the Company effective September 23, 2008, (the
“Resignation Date”). This Agreement sets forth certain agreements between the Company and me
with respect to my separation from the Company.

	3.	 	 The Company’s Payment and Benefits. Notwithstanding my resignation, and subject to
the conditions described in Section 3.4, the Company will provide to me the following pay and
benefits:

	 	3.1	 	Severance Pay. Severance payments totaling $260,000 less applicable deductions
for taxes and other deductions as appropriate (the “Severance Payments”). The Company
will pay such Severance Payments to me by making roughly equal installment payments to
me in accordance with the Company’s ordinary payroll practices, over a period of 12
months. Such payments will commence on the first regular Company payroll date that
falls at least 18 days after the date of my signature.
	 
	 	3.2	 	Group Health Benefits. If I am eligible for and elect to continue my group
health insurance coverage, then for a period of 12 months after the Resignation Date,
the Company will pay the premiums for such group health insurance coverage. After such
12 month period, I will be fully responsible for all such premiums.
	 
	 	3.3	 	Warrants and Options. To the extent that I currently have warrants for the
purchase of 35,354 shares of Company stock that are fully vested (from issuances dated
7/12/2004), I will be given 180 days from my Resignation Date to exercise such
warrants. I further understand that the Company agrees to accelerate the vesting of
30,000 incentive stock options granted to me on 12/27/2007 at $2.80/share and 90,000 of
non-qualified options granted to me on 12/27/2007 at $2.80/share and that I will have
180 days from my Resignation Date to exercise such options; provided however, that I
will not be permitted to exercise any of such 120,000 options until after the
expiration of the revocation or rescission period described in Section 6.2 (without my
having revoked or rescinded). Any attempt to exercise such options contrary to this
provision will be null and void.
	 
	 	3.4	 	Taxes and Deductions. All payments are subject to standard tax and other
deductions as appropriate. In addition, I will be fully responsible for all taxes,
interest and penalties arising out of any payments and benefits made to me under this
Agreement and will fully indemnify the Company and hold it harmless with respect to the
same.
	 
	 	3.5	 	Conditions. All payments and benefits to be made under this Section are
conditioned on the Company’s receipt of my written resignation on September 23, 2008,
effective immediately, and are subject to the following additional conditions:

	 	•	 	I must sign this Agreement within 21 days of receiving it and not revoke or
rescind my signature all as described in Section 6.2.
	 
	 	•	 	I must not breach any of my promises or representations under this Agreement
or under any continuing obligations under my Employment Agreement as referenced
in Section 5.2.
	 
	 	•	 	I must comply with all applicable securities laws, including specifically the
Securities Act of 1933 and the Securities and Exchange Act of 1934, and
including any blackout or other trading restrictions imposed pursuant to such
laws.

	3.6	 	Adequate Consideration. I agree that these are payments and benefits to which
I am not otherwise entitled and provide adequate consideration to me under this
Agreement.

 

 

	4.	 	My Release.
	 
	 	 	In exchange for the consideration provided to me in this Agreement, including the Company’s
payment of severance payments and benefits to me despite my resignation, and the Company’s
willingness to allow me to resign, on my own behalf and on behalf of anyone claiming any
rights through me, I fully and finally release, waive, and give up all My Claims (as defined
below) against the Company and all Related Parties (as defined below).

“Related Parties” means any parent, subsidiary, predecessor, successor, affiliate or
other organization or entity related to the Company, and all of their past or present
officers, directors, shareholders, employees, committees, insurers, indemnitors, pension
or welfare, and other benefit plans, successors, assigns, committees, administrators, and
all persons acting on behalf of, or on instruction from the Company or any other related
organization or entity.

“My Claims” as used in this Agreement means, all claims, actions, causes of action,
demands, and rights I have or may have against the Company or any Related Parties,
arising out of any acts, facts, or events which occurred in whole or in part before I
signed this Agreement whether or not I now know about or suspect them and whether past or
present. “My Claims” includes but is not limited to, all such claims for damages,
compensation, expenses (including attorneys’ fees) and any other form of relief,
regardless of the law or legal theory on which such claim is based and includes but is
not limited to all claims under the federal Age Discrimination in Employment Act
(“ADEA”), the Older Worker’s Benefit Protection Act, Title VII of the Civil Rights Act,
the Civil Rights Act of 1991, the American with Disabilities Act, the Employee Retirement
Income Security Act, the Family and Medical Leave Act, the Minnesota Human Rights Act, as
each may have been amended, and all claims of any nature under any other federal, state,
or local statute, ordinance or other law or legal theory, including any based on wrongful
discharge, breach of any contract, promissory estoppel, emotional distress, defamation,
negligence, invasion of privacy, or any other theory, and including all claims related to
my employment or separation from employment with the Company.

	 	 	I understand that I am giving up all of My Claims as described above. I will not bring any
lawsuits against the Company or any Related Party relating to any of My Claims.
	 
	 	 	This release does not bar those few claims that cannot legally be waived under applicable
law, including my right to challenge whether this Agreement constitutes a knowing and
voluntary waiver of my claims within the meaning of the Older Workers’ Benefit Protection
Act. This release also does not bar me from filing a claim with the EEOC (Equal Employment
Opportunity Commission) or participating in an EEOC proceeding, but if any EEOC claims (or
any other claims) are pursued on my behalf, I understand that this Agreement will act as a
bar to any individual damages or other relief for me. To the fullest extent allowed by
applicable law, it is my intent to waive all of My Claims and rights and to have this be
interpreted as a full and general release.
	 
	 	 	This Agreement does not affect my rights, if any, under the Company’s directors and officers
liability insurance policy. This release does not affect the Company’s obligations to
indemnify me to the fullest extent allowed under Minnesota law and pursuant to Minnesota
Statutes Section 302A.521 for claims, actions or damages made, brought or assessed against
me based upon my employment by the Company. This Agreement also does not affect my rights
to indemnification and defense as more fully set forth in the Company’s bylaws.
	 
	5.	 	Additional Agreements and Understandings. 

	 	5.1	 	Final Payments. I acknowledge and agree that, upon my receipt of the
benefits described below I will have been paid all wages, salary, other compensation,
and benefits due me as an employee of the Company through my Resignation Date. I
understand that the benefits described below will be provided to me whether or not I
sign this Agreement.

 

 

	 	•	 	Base Salary (subject to applicable withholding) payable through the
Resignation Date as described above.
	 
	 	•	 	Accrued but unused paid time off (“PTO”) as of the Resignation Date.
	 
	 	•	 	Reimbursement of any reasonable business expenses incurred by me in carrying
out my duties, properly documented and submitted to the Company but unpaid as of
the Resignation Date.
	 
	 	•	 	Eligibility to continue coverage in Company’s group life insurance plans at
my expense in accordance with COBRA continuation rules and policies.

	 	 	 	The Company acknowledges its obligation to pay the amounts stated in this Section
within 30 days following the Resignation Date subject to my compliance with terms of
this Agreement. I understand that any interest in any 401K, stock purchase plan or
other similar employee benefit plan, or in any option agreements that I may have as a
former employee of the Company will be governed by the terms the relevant plan(s)
and/or agreement.
	 
	 	5.2	 	Continuing Obligations. I acknowledge and agree that I remain bound by
the provisions of Sections 6.05, and 6.06, and Articles 8, 9 and 10 of the Employment
Agreement and that I am obligated under all such provisions in accordance with their
terms.
	 
	 	5.3	 	Sufficient Consideration. I agree that the payments and benefits
described in this Agreement are full and sufficient consideration for my promises in
this Agreement, including but not limited to my Release.
	 
	 	5.4	 	Cooperation. I agree to be reasonably available for consultation with
and assistance to the Company with respect to matters and issues within my former job
responsibilities for a period of 60 days after my termination. I acknowledge and agree
that such cooperation with the Company is necessary for a proper and orderly transition
and that the consideration set forth herein fully compensates me for this reasonable
cooperation.
	 
	 	5.5	 	Return of Property. I will, on request, and, in any event, no later
than one business day after my Resignation Date, collect and return all property of the
Company in my possession or control to the Company. Property of the Company includes
but is not limited to all equipment, communication devices (e.g. cell phones, laptops,
pagers, etc), all information stored in any tangible form, including electronic (e.g.
on disks, hard drives audio or visual tapes, etc.) and paper forms, and all other
property of any nature. To the extent that I have any information of the Company
stored on any personal or other non-Company equipment or devices, on or before the
Resignation Date, I will deliver such information to the Company and remove it from all
such personal equipment in a manner and form agreed upon by the Company.
	 
	 	5.6	 	Severability/Modification. If any one or more of the provisions of
this Agreement are determined to be invalid, that provision will be severed and shall
not affect the validity of any other provisions of this Agreement. This Agreement can
only be modified by a subsequent written agreement.
	 
	 	5.7	 	Binding Effect. This Agreement shall be binding upon each of the
parties and each parties’ heirs, successors, administrators, executors, legal
representatives, agents and assigns. I understand, however, that this Agreement is
personal to me and may not be assigned by me.
	 
	 	5.8	 	Complete Agreement. This Agreement is intended to state the complete
Agreement among the parties. With the exception of the provisions that I acknowledge
to be continuing obligations under Section 5.2 of this Agreement, and the warrant
and/option agreements referenced in Section 3 above, any prior agreements, including
any provisions regarding the payment of severance to me under my Employment Agreement,
are terminated and/or superseded by this Agreement.

 

 

	6.	 	Rights to Consider and Revoke; Knowing and Voluntary Waiver. 

	 	6.1	 	I understand that by way of this paragraph, the Company is specifically
advising me to consult an attorney prior to signing this Agreement.
	 
	 	6.2	 	Consideration/Revocation. I understand that I have twenty one (21)
days after I receive this Agreement to consider this Agreement. I understand that
changes in this Agreement will not restart the 21-day period whether or not those
changes are material. Any execution by me prior to the end of the 21-day period will
mean that I decided I did not need the whole period to consider the Agreement. If I
sign this Agreement, I understand that I am then entitled to revoke my signature within
fifteen (15) days after I sign it. To be effective, the rescission or revocation must
be in writing and (a) properly addressed to Scott Ross at Wireless Ronin Technologies,
Inc, Baker Technology Plaza, 5929 Baker Road, Suite 475, Minnetonka, MN 55345 and
mailed Certified Mail, Return Receipt Requested, with a postmark within the 15-day
period, or (b) hand delivered to Scott Ross at the same address within the 15-day
period. This revocation period includes, and is not in addition to, the seven (7) day
revocation period under the Age Discrimination in Employment Act. I understand that if
I revoke this Agreement, all of the Company’s obligations under this Agreement will
immediately cease, and will be of no force and effect.

          I have read this Agreement carefully and understand all of its terms. By signing this
Agreement, I understand that I am specifically waiving any rights or claims under the Age
Discrimination in Employment Act. I am entering into this Agreement knowingly and voluntarily
after considering all of its terms. I have had the opportunity to discuss this Agreement with my
own attorney prior to signing it. In agreeing to sign this Agreement I
have not relied on any statements or explanations made by the Company, its agents or its
attorneys, other than those contained in this Agreement.

	 	 	 	 	 	 	 
	Dated: 9/23/08	 	/s/ Jeffrey C. Mack	 	 
	 	 	 	 	 
	 	 	Jeffrey C. Mack	 	 
	 
	 	 	 	 	 	 
	 	 	Wireless Ronin Technologies, Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By
	 	/s/ Gregory Barnum	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Gregory Barnum	 	 
	 

	 	 	 	Lead Director	 	 
	 

	 	 	 	Wireless Ronin Technologies, Inc.	 	 
	 
	 	 	 	 	 	 
	 	 	Dated: 10/1/08EX-10.4

EXHIBIT 10.4

TURNOVER AND SURRENDER AGREEMENT

NewSight Corporation

2 Park Avenue, 18th Floor

New York, NY 10016

Attention: Robert Stewart

Ladies and Gentlemen:

     Please refer to that certain

     (a) Secured Promissory Note (the “Note”) dated as of October 8, 2007 from NewSight Corporation
(“NewSight”) to Wireless Ronin Technologies, Inc. (“WRT”); and

     (b) Security Agreement (the “Security Agreement”) executed between NewSight and WRT on or
about October 11, 2007.

     Terms not otherwise defined in this letter shall be defined in accordance with the Note or
Security Agreement, as appropriate. As used herein, the term:

     (c) “Collateral” shall mean the Collateral (other than any Released Collateral) described and
defined in the Security Agreement, as set forth on Exhibit A attached hereto and incorporated
herein by reference; it being expressly understood and agreed that, for the avoidance of doubt, the
Collateral does not include any of the Excluded Collateral;

     (d) “Excluded Collateral” shall mean (i) any of NewSight’s (or any of its subsidiaries’)
intellectual property, including but not limited to, inventions, patents, patent applications,
copyrights, technology (including the autostereoscopic 3D technology), trademarks, service marks,
trade dress and know-how, (ii) any assets of NewSight (or any of its subsidiaries) not constituting
Collateral and (iii) any proceeds arising from (i) or (ii) of this paragraph (d);

     (e) “Meijer” shall mean Meijer, Inc.;

     (f) “Meijer Network” shall mean the digital monitor and signage display network operated with
the Collateral at the premises owned or leased by Meijer;

     (g) “Released Collateral” shall mean any security interest, lien, claim or encumbrance on the
equipment constituting Collateral that is presently installed at the stores operated by CBL
Associates at the Ashville Mall in Ashville, North Carolina, and the Fashion Mall in Saginaw,
Michigan.

     (h) “Secured Obligations” means the obligations secured by the Security Agreement.

     You have advised us that Meijer has terminated their business relationship regarding the
Meijer Network owned and operated by NewSight on Meijer locations. By reason of such fact, you
have agreed that WRT may take possession and control of the Collateral and related Meijer Network
in satisfaction of the indebtedness secured by the Security Agreement.

In consideration of the premises, NewSight and WRT agree as follows:

First: Representations of NewSight

By signing below, NewSight hereby represents and agrees as follows:

     (a) The amount of all of the outstanding Secured Obligations is $2,761,608 (the “Aggregate
Indebtedness”), which Aggregate Indebtedness includes the current principal balance of the Note,
accrued interest on the Note through the date hereof, and all accrued warehousing fees and expenses
and network operating and maintenance expenses, all of which amounts are due and payable by
NewSight, in full, in accordance with the Note and Security Agreement and the documents referred to
therein, as amended, without offset, deduction, counterclaim or defense of any kind whatsoever.

 

 

     (b) WRT holds a valid, binding and fully perfected first lien and security interest in and to
the Collateral, subject only to the subordinate interest of affiliated funds of Prentice Capital
Management, LP. All prior UCC-1 financing statements in respect to the Collateral or any part
thereof are of no further force and effect (except for the subordinate interest of Prentice Capital
Management, LP, which has consented to the transactions contemplated under this letter).

     (c) All Collateral is presently located in the locations previously disclosed by NewSight to
WRT and such Collateral has not and shall not be removed by NewSight from such locations without
the prior written consent of WRT. NewSight hereby grants WRT an irrevocable license and consent to
enter into any properties licensed to or leased by NewSight for the purpose of taking possession
and control of the Collateral, all without obligation or liability to WRT. Without limiting the
generality of the foregoing, NewSight has not and shall not remove any of the Collateral presently
used in connection with the Meijer Network from any of the premises owned or leased by Meijer.

     (d) Except to the extent previously disclosed by NewSight in writing, NewSight has not
previously sold, disposed of, assigned, leased or licensed any of the Collateral or any rights or
interests in respect of the Collateral.

     (e) NewSight has not previously required the use of any Excluded Collateral in the operation
of the Meijer Network, and, upon the closing hereunder, WRT will have all property and assets
necessary to the operation of the Meijer Network as presently operated.

     (f) NewSight has been represented by legal counsel, or has had adequate opportunity to engage
such legal counsel, in connection with the transaction contemplated in this Agreement and, to the
extent it has engaged legal counsel, have relied upon such independent counsel with respect to all
legal and tax consequences of the transaction contemplated herein. NewSight has not relied for
purposes of entering into this Agreement upon any representations and warranties of WRT not
expressly set forth in this Agreement.

     (g) There are no known claims, causes of action, suits, debts, liens, obligations,
liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character
or nature whatsoever, fixed or contingent, which NewSight may have or claim to have against WRT,
which might arise out of or be connected with any act of commission or omission of WRT existing or
occurring on or prior to the date of this Agreement.

     (h) WRT has paid full and fair consideration for the transfer herein through the release and
satisfaction of the Aggregate Indebtedness. This Agreement hereunder has not been entered into
with the intent to hinder, delay or defraud any creditor of NewSight.

     (i) NewSight is a corporation duly organized and validly existing under the laws of the State
of Delaware. Execution, delivery and performance of this Agreement has been approved by all
corporate action of NewSight and this Agreement constitutes the valid, binding and fully
enforceable obligation of NewSight, subject only to bankruptcy, insolvency or other similar laws
affecting the rights of creditors generally.

     (j) There are no proceedings pending, and, to the knowledge of NewSight, no proceedings have
been threatened to void or otherwise interfere with the transactions contemplated hereunder.
NewSight has obtained all consents and approvals necessary to the execution, delivery and
performance of this letter and such execution, delivery and performance will not violate the terms
of any judgment, order, agreement or undertaking binding on NewSight.

Second: Representations of WRT

By signing below, WRT hereby represents and agrees as follows:

     (a) WRT is a corporation duly organized and validly existing under the laws of the State of
Minnesota. Execution, delivery and performance of this Agreement has been approved by all
corporate action of WRT and this Agreement constitutes the valid, binding and fully enforceable
obligation of WRT, subject only to bankruptcy, insolvency or other similar laws affecting the
rights of creditors generally.

     (b) There are no proceedings pending, (and, to the knowledge of WRT, no proceedings have been
threatened) to void or otherwise interfere with the transactions contemplated hereunder. WRT has
obtained all consents and approvals necessary to the execution, delivery and performance of this
letter and such execution, delivery and performance will not violate the terms of any judgment,
order, agreement or undertaking binding on WRT.

 

 

Third: Surrender Of Collateral

     (a) NewSight hereby surrenders, transfers and turns over to WRT the Collateral in full
satisfaction of the Aggregate Indebtedness and WRT hereby accepts the Collateral in full
satisfaction of the Aggregate Indebtedness. WRT hereby agrees that except for its obligations
under this Agreement, NewSight has no further obligations to WRT.

     (b) NewSight hereby represents and agrees that the transfer made hereunder shall represent an
absolute transfer and that this letter has not been delivered as additional security for any
obligation. NewSight hereby disclaims any further right or interest in the Collateral or the
Meijer Network and hereby waives any and all further notices in connection with the Collateral, the
Meijer Network or the indebtedness secured by the Collateral, including, without limitation, any
notice of any subsequent sale or other disposition of the Collateral and any right to redeem the
Collateral. It is the express intention and agreement of the parties that this letter constitute
acceptance of the Collateral in full satisfaction of the Aggregate Indebtedness within the meaning
of Section 9-620 of Article 9 of the Uniform Commercial Code.

     (c) NewSight further agrees to deliver a bill of sale of the Collateral in substantially the
form of Exhibit B attached hereto and such other documents as WRT may request in connection with
the transactions contemplated herein, whether before or after the date of this letter.

Fourth: Release of CBL Collateral

     As additional consideration for the covenants and agreements of NewSight set forth in this
letter, WRT hereby releases from the lien granted under the Security Agreement the Released
Collateral and agrees that it will promptly file an appropriate amendment to its existing UCC-1
Financing Statements to evidence the release set forth in this paragraph 4.

Fifth: Indemnity

     (a) Notwithstanding the release and satisfaction contained herein, NewSight hereby indemnifies
and agrees to hold harmless WRT, and all of its parent, subsidiary and affiliate corporations, and
all of WRT’s shareholders, agents, officers and directors, from and against any and all claims,
damages, losses, liabilities, charges, fines, costs and expenses whatsoever (including attorney’s
fees) which WRT may incur or (or which may be claimed against WRT) by reason of or in connection
with any claim, demand, action, suit, proceeding (whether civil or criminal, administrative or
investigative), controversy or dispute, asserted against or incurred by WRT:

	 	(1)	 	As a result of a breach of any covenant, representation or
warranty of NewSight set forth in this letter; and
	 
	 	(2)	 	In connection with any matter commenced or asserted against WRT
by any creditor, present or former shareholder or trustee of NewSight to the
full extent that any such matter may relate to or arise out of the transfer and
surrender transactions referred to in this letter, including, without
limitation, any proceeding to avoid the transactions described in this letter or
to recover from WRT any consideration or transfer to be made to WRT under this
letter, including, without limitation, any proceeding commenced against WRT
under Sections 547, 548, 544 or 550 of the Bankruptcy Code of 1978 (as amended).

     (b) The terms and conditions of this paragraph 5 shall survive the closing hereunder.

Sixth: Surrender Of Records

NewSight shall deliver to WRT such books, records, documents or other information, together with
such additional instruments or documents as WRT may request relating to the Collateral or the
transactions contemplated hereunder, it being the intent and agreement of the parties that the
transfer herein will constitute a transfer to WRT of all of NewSight’s right, title and interest in
and to the Meijer Network (exclusive of any claims and interests that NewSight may have against
Meijer or any other third party in respect of such network, including any potential third party
purchaser thereof).

 

 

Seventh: Meijer Agreement

NewSight and WRT acknowledge and agree that the Digital Signage Agreement by and between WRT and
NewSight, effective October 12, 2007 (the “Meijer Agreement”) is canceled and that the parties
fully release one another from any rights or obligations accrued pursuant to that agreement.

Eighth: Letter Agreement

The letter agreement dated June 4, 2008, by and between the parties and Prentice Capital
Management, L.P. (“Prentice”), is terminated and the parties to that letter agreement fully release
one another from any rights or obligations accrued pursuant to that agreement; provided, however,
that the parties acknowledge and agree that amounts stated in Exhibit A to that agreement were
correct for purposes of determining the total amount owing from NewSight to WRT as of the date of
such letter, that none of the amounts payable after the date of that agreement have been paid and
that all such unpaid amounts are included within the definition of Aggregate Indebtedness.

Ninth: Non-Assumption

Except as expressly provided herein, WRT has not assumed and shall not be liable for any costs,
expenses or other obligations of NewSight. The parties acknowledge and agree that WRT is not now
and has not been in control of the business and operations of NewSight.

Tenth: Release

     (a) NewSight acting on behalf of itself, its officers, directors, employees, independent
contractors, agents, insurers, heirs, successors, and assigns, does hereby release, acquit, forever
discharge WRT and its affiliates and owners, and each of their respective officers, directors,
employees, independent contractors, agents, attorneys, insurers, heirs, successors and assigns,
from any and all claims, demands or causes of action of any kind, nature or description whether
arising in law or equity or upon contract or tort or under any state or federal law or otherwise,
which NewSight has had, now or has or has made claim to have against any such party for or by
reason of any act, omission, matter, cause or thing whatsoever arising from the beginning of time
to and including the date of this letter, whether such claims, demands, and causes of action are
matured or unmatured, known or unknown, except that NewSight does not release WRT from performance
of its obligations under this letter.

     (b) WRT acting on behalf of itself, its officers, directors, employees, independent
contractors, agents, insurers, heirs, successors, and assigns, does hereby release, acquit, forever
discharge NewSight and its affiliates and owners, and each of their respective officers, directors,
employees, independent contractors, agents, attorneys, insurers, heirs, successors and assigns,
from any and all claims, demands or causes of action of any kind, nature or description whether
arising in law or equity or upon contract or tort or under any state or federal law or otherwise,
which WRT has had, now or has or has made claim to have against any such party for or by reason of
any act, omission, matter, cause or thing whatsoever arising from the beginning of time to and
including the date of this letter, whether such claims, demands, and causes of action are matured
or unmatured, known or unknown, except that WRT does not release NewSight from payment and
performance of the obligations of NewSight set forth in this letter, including, without limitation,
the indemnity obligation set forth in paragraph 5 above.

Eleventh: Governing Law

This Agreement shall be governed by and construed in accordance with the internal laws of the State
of Minnesota.

Twelfth: Entire Agreement

This Agreement contain the entire agreement between the parties hereto with respect to the
transactions contemplated herein, and shall be binding upon the parties hereto an their respective
legal representatives, successors, and assigns.

Thirteenth: Counterparts

This Agreement may be executed in any number of identical counterparts, any or all of which may
contain the signatures of fewer than all of the parties, and all of which shall be construed
together as but a single instrument.

Fourteenth: WRT Disclosures

     The parties acknowledges that WRT is a publicly traded company with obligations to make
filings with the SEC and to keep its shareholders reasonably informed with respect to business
developments. Each party agrees that, to the extent required to be disclosed under applicable law,
WRT may discuss or disclose developments with respect to compliance with or default of its
obligations under this Agreement.

 

 

Fifteenth: Miscellaneous

     (a) If any provision of this Agreement shall be held invalid under any applicable laws, such
invalidity shall not affect any other provision of this Agreement that can be given effect without
the invalid provision, and, to this end, the provision hereof are severable.

     (b) This Agreement shall not be construed more strictly against one party than against the
other by virtue of the fact that it may have been drafted or prepared by counsel for one of the
parties, it being recognized that all parties have contributed substantially and materially to the
preparation of this Agreement.

Dated: August 21, 2008

Very truly yours,

WIRELESS RONIN TECHNOLOGIES, INC.

/s/ Jeffrey C. Mack                                        

Jeffrey C. Mack

Chairman of the Board, President and

Chief Executive Officer

The foregoing is hereby

agreed to and accepted:

NEWSIGHT CORPORATION

By: /s/ Robert K. Stewart                                        

Title: Chief Financial Officer

Signature page to Turnover and Surrender

Agreement dated August 21, 2008

 

 

EXHIBIT A

     (a) All now existing or hereafter acquired video screens, display monitors and media players
and all other equipment suitable for digital signage displays previously or hereafter sold, leased
or provided to Debtor by WRT, including, without limitation, all such equipment now or hereafter
located in the Fashion Square Mall and Asheville Mall or any premises owned or leased by Meijer,
Inc. (together with any affiliate or subsidiary entity, “Meijer”), and all related hardware and all
software and parts used in connection with the operation of any such video screen display monitors
and other related equipment, together with all replacements thereto (collectively, the
“Equipment”); and

     (b) To the extent not otherwise described in subparagraph (a) above, all hardware and software
used or provided in connection with the digital signage network maintained by Debtor and operated
on premises owned, leased or operated to Meijer (the “Other Equipment”); and

     (c) All cash or non cash proceeds of the sale or other disposition of any of the foregoing,
including without limitation insurance proceeds (collectively “Proceeds”).

The parties acknowledge and agree that the Collateral does not include any of the “Excluded
Collateral.”

 

 

EXHIBIT B

BILL OF SALE

     NewSight Corporation (“NewSight”), for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, hereby grants, bargains, sells, assigns, transfers,
conveys and delivers to Wireless Ronin Technologies, Inc. (“WRT”), its successors and assigns, the
Collateral as defined in the Turnover and Surrender Agreement executed between NewSight and WRT as
of even date herewith (the “Turnover and Surrender Agreement”), except that the transfer herein
does not include (a) any Excluded Collateral, as defined in the Turnover and Surrender Agreement,
or (b) the equipment otherwise constituting Collateral that is presently installed at the
facilities operated by CBL Associates at the Ashville Mall in Ashville, North Carolina, and the
Fashion Mall in Saginaw, Michigan.

     Except as provided in the Turnover and Surrender Agreement, WRT is accepting the Collateral
“as is” and “where is,” and NewSight disclaims all representations, warranties and undertakings
regarding the Collateral, including, without limitation, representations or warranties regarding
their condition, implied representations or warranties of merchantability, representations or
warranties of their fitness for a particular purpose, representations or warranties regarding the
operation of a business using the Collateral, or representations and warranties regarding title to
the Collateral (except as expressly provided in the Turnover and Surrender Agreement).

     NewSight shall execute and deliver such further instruments of sale, conveyance, transfer and
assignment and take such other actions reasonably requested by WRT in order to more effectively
grant, bargain, sell, assign, transfer, convey and deliver to WRT, or a subsequent purchaser or
assignee, all rights, title and interest to the Collateral in accordance with this Bill of Sale.

     IN WITNESS WHEREOF, NewSight has executed this Bill of Sale this ___day of August, 2008.

NEWSIGHT CORPORATION

By:                                        

Its:

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