Document:

Equipment Lease Agreement 

CHALLENGE R12
	 	Agreement # 7259053002

	      

	   EQUIPMENT	 	 	 	 	 
	 	 Equipment Model & Description	 	 Serial Number 	 	 Accessories 	 
	 	 Savin 3210MFP	 	J2036500921

    	 	Duplex, Bypass Tray

    	 
	 	  	 	 	 	Doc Feed, Print/ Scanner 	 
	 	  	 	 	 	Fax board, scan router

    	 
	 	 	 	 	 	 & Desktop binder, Power

    conditioner 	 
	 	•	 See attached schedule for additional Equipment/Accessories 	 
	 	   Equipment Location (if different from Billing Address) _____________________________________________________________________ 	 

	  SUPPLIER
	 	 	  PURCHASE OPTION AT END OF TERM 

	  	  	  	  	  	  
	 	         Stewart Industries, Inc. 	 	 	 	 
	 	  Name	 	 	 	 
	 	          77 Elbo Lane 	 	 	 	      Fair Market Value 
	 	  Address	 	 	 	 
	 	         Mt. laurel               NJ	 	 	 	 
	 	  City                      State                Zip	 	 	 	 

	 YOU HAVE SELECTED THE EQUIPMENT. THE SUPPLIER AND ITS REPRESENTATIVES ARE NOT OUR AGENTS AND ARE NOT AUTHORIZED TO MODIFY THE TERMS OF THIS LEASE. YOU ARE AWARE OF THE NAME OF THE MANUFACTURER OF EACH ITEM OF EQUIPMENT AND YOU WILL CONTACT EACH MANUFACTURER FOR A DESCRIPTION OF YOUR WARRANTY RIGHTS. WE MAKE NO WARRANTIES TO YOU, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, SUITABILITY, OR OTHERWISE. WE PROVIDE THE EQUIPMENT TO YOU AS-IS. WE SHALL NOT BE LIABLE FOR CONSEQUENTIAL OR SPECIAL DAMAGES.

         YOUR PAYMENT OBLIGATIONS ARE ABSOLUTE AND UNCONDITIONAL AND ARE NOT SUBJECT TO CANCELLATION, REDUCTION OR SETOFF FOR ANY REASON WHATSOEVER. BOTH PARTIES AGREE TO WAVE ALL RIGHTS TO A JURY TRIAL. THIS LEASE SHALL BE GOVERNED BY THE LAWS OF MISSOURI. YOU CONSENT TO THE JURISDICTION AND VENUE OF FEDERAL AND STATE COURTS IN MISSOURI . 
	 	  TRANSACTION TERMS 

	 	 	 Lease Payment    $ 463, 00         Term 60 months

	  	  	                     (Plus applicable taxes) 
	 	 	 Billing Period:  Monthly 

	 	 	 The following additional payments are due on the date this Agreement is signed by your 

	 	 	 
	 	 	  SECURITY DEPOSIT    $ ______ 
	 	 	   ADVACE PAYMENT **$______   ** Applied to : O first O last 
	 	 	                                 (Plus applicable taxes) 
	 	 	  DOCUMENT FEE         $75.00  (included on first invoice) 

	 BY SIGNING THIS LEASE, YOU ACKNOWLEDGE RECEIPT OF PAGE 2 OF THIS LEASE, AND AGREE TO THE TERMS ON BOTH PAGES 1 AND 2 ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT YOU AND US FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING. WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT. 

      

    
	 	LESSEE (“You”) 

	 	 	      Ion Networks, Inc 
	 
	 	 	 Full Legal Name 	 
	 	 	      

	 	 	D/B/A 
	 
	 	 	     120 Corporate       Boulevard 
	 	 	Billing Address      

    	 

	LESSOR (“We”, “Us”) 	 	 	      
	 
	   General Electric Capital Corporation 

       1961 First Drive. Moberly. MO 65270 	 	 	   City                       State                  Zip 	 
	 	 	 	       

	 	 	 	Contact Name             Phone               E-mail Address 
	 
	   By: ________________________________________ 	 	 	By: X                                     OCT 29’ 03 AM 9:52        	 
	  	  	  	      Signature of Authorized Signer 	 
	   Name: _____________________________________ 	 	 	Name:      Peter Paulson                                               	 
	 	 	 	            Please Print 	 
	   Title: ______________________________________	 	 	Title:       IT Manager                                                  	 
	   Date :                 10/29/03                                   	 	 	Date :      10/27/03               Fed Tax ID                        	 
	 	 	 	          Date of Signature 	 

	 
	

Page 1 of 2

	
ADDITIONAL TERMS AND CONDITIONS OF AGREEMENT

1.  COMMENCEMENT OF LEASE. Commencement of this Lease and acceptance of the Equipment shall occur upon delivery of the Equipment
to you. You agree to inspect the Equipment upon delivery and verify by telephone or in writing such information as we may require. If you signed a purchase order or similar agreement for the purchase
of the Equipment, by signing this Lease you assign to us all of your rights, but none of your obligations
under it. All attachments, accessories, replacements, replacement parts, substitutions, additions
and repairs to the Equipment shall form part of the Equipment under the Lease.

2.  SECURITY DEPOSIT. The Security Deposit will be held by us, without interest, and may be commingled (unless otherwise required
by law), until all obligations under this Lease are satisfied, and may be applied at our option against
amounts due under this Lease. The Security Deposit will be returned to you upon termination of the
Lease, provided you are not in default, or applied to the last Lease Payment or to the amount we
may quote for any purchase or upgrade of the Equipment. 

3.  LEASE PAYMENTS. You agree to remit to us the Lease Payment and all other sums when due and
payable each Billing Period at the address we provide to you from time to time. Lease Payments
are due whether or not you are invoiced. You authorize us to adjust the Lease Payments by not more than 15% to reflect any reconfiguration of the Equipment or adjustments to reflect applicable
sales taxes or the cost of the Equipment by the manufacturer/supplier. If the Commencement of this
Lease falls on any day other than the 20th day of a month, you agree to pay to us interim rent from Commencement through, but not including,
the 20th day of the month next following Commencement (the Interim Rent Period’) at a rate equal
to 1/30th of the Lease Payment set forth herein for each calendar day during the Interim Rent Period.

4.  LEASE CHARGES. You agree to: (a) pay all costs and expenses associated with the use, maintenance,
servicing, repair or replacement of the Equipment; (b) pay all premiums and other costs of Insuring
the Equipment; (c) reimburse us for all costs and expenses (including reasonable attorneys’
fees and court costs) incurred in enforcing this Lease; and (d) pay all other costs and expenses for which you are obligated under this Lease. You agree, at our discretion, to either (1) reimburse
us annually for all personal property and other similar taxes and governmental charges associated
with the ownership, possession or use of the Equipment, or (2) remit to us each Billing Period our
estimate of the pro-rated equivalent of such taxes and governmental charges. You agree to pay us an administrative fee for the processing of taxes, assessments or fees which may be due and payable
under this Lease. We may take on your behalf any action required under this Lease which you fall
to take, and upon receipt of our invoice you will promptly pay our costs (including insurance premiums
and other payments to affiliates), plus reasonable processing fees. Restrictive endorsements on checks
you send to us will not reduce your obligations to us. We may charge you a return check or non-sufficient
funds charge of $25.00 for any check which is returned by the bank for any reason (not to exceed the
maximum amount permitted by law).

5.  LATE CHARGES. For any payment which is not received by its due date, you agree to pay a late charge equal
to the higher of 10% of the amount due or $22.00 (not to exceed the maximum amount permitted by law)
as reasonable collection costs.

6.  OWNERSHIP, USE, MAINTENANCE AND REPAIR. We own the Equipment and you have the right to use the Equipment under the terms of this Lease. If
this Lease is deemed to be a secured transaction, you grant us a security interest in the Equipment
to secure all of your obligations under this Lease. You hereby assign to us all your rights, but
none of your obligations, under any purchase agreement for the Equipment. We hereby assign to you
all our rights under any manufacturer or supplier warranties, so long as you are not in default hereunder.
You must keep the Equipment free of liens. You may not remove the Equipment from the address indicated
on the front of this Lease without first obtaining our approval. You agree to: (a) keep the Equipment
in your exclusive control and possession; (b) USE THE EQUIPMENT ONLY IN THE LAWFUL CONDUCT OF YOUR
BUSINESS, AND NOT FOR PERSONAL HOUSEHOLD OR FAMILY PURPOSES; (c) use the Equipment in conformity
with all insurance requirements, manufacturer’s instructions and manuals; (d) keep the Equipment
repaired and maintained in good working order and as required by the manufacturer’s warranty,
certification and standard full service maintenance contract; and (e) give us reasonable access to
inspect the Equipment and its maintenance and other records.

7.  INDEMNITY. You are responsible for all losses, damage, claims, infringement claims, injuries and attorneys’fees and costs (“Claims”), Incurred or asserted by any person, in any manner relating
to the Equipment, including its use, condition or possession. You agree to defend and indemnify us
against all Claims, although we reserve the right to control the defense and to select or approve
defense counsel. This indemnity continues beyond the termination of this Lease, for acts or omissions
which occurred during the Term of this Lease. You also agree that this Lease has been entered
into on the assumption that we will be entitled to certain tax benefits available to the owner of
the Equipment. You agree to indemnity us for the loss of any Income tax benefits caused by your
acts or omissions inconsistent with such assumption or this Lease. In the event of any such loss,
we may increase the Lease Payments and other amounts due to offset any such adverse effect.

8.  LOSS OR DAMAGE. If any item of Equipment is lost, stolen or damaged you will, at your option
and cost, either: (a) repair the item or replace the item with a comparable item reasonable acceptable
to us; or (b) pay us the sum of: (i) all past due and current Lease Payments and Lease Charges. (ii)
the present value of all remaining Lease Payments and Lease Charges for the item, discounted at
the rate of 6% per annum (or the lowest rate permitted by law, whichever is higher) and (iii) the Fair
market Value of the Equipment. We will then transfer to you all our right, title and interest in
the Equipment. AS-IS AND WHERE-IS, WITHOUT ANY WARRANTY AS TO CONDITION, TITLE OR VALUE. Insurance
proceeds shall be applied towards repair, replacement or payment hereunder, as applicable. In this
Lease, “Fair Market Value” of the Equipment means its fair market value at the end of the
Term, assuming good order and condition (except for ordinary wear and tear from normal use), as estimated by us.

9.  INSURANCE.  You agree, at your cost, to: (a) keep the Equipment Insured against all risks
of physical loss or damage for its full replacement value, naming us as loss payee; and (b) maintain
public liability insurance, covering personal Injury and Equipment damage for not less than $300,000
per occurrence, naming us as additional insured. You have a choice in how you satisfy these
insurance requirements. First, you may obtain coverage on your own and provide us with evidence of insurance
coverage. If you elect this option, the policy must be issued by an insurance carrier rated B+ or
better by A.M. Best Company, must provide us with not less than 15 days’ prior written notice
of cancellation, non-renewal or amendment, and must provide deductible amounts acceptable to us.
Second, you may elect to have us directly obtain coverage protecting our interests.

UNLESS YOU PROVIDE EVIDENCE OF THE INSURANCE COVERAGE REQUIRED BY THIS LEASE. WE MAY PURCHASE INSURANCE
AT YOUR EXPENSE TO PROTECT OUR INTEREST IN THE EQUIPMENT. THIS INSURANCE MAY, BUT NEED NOT, PROTECT
YOUR INTERESTS. THE COVERAGE THAT WE PURCHASE MAY NOT PAY ANY CLAIM THAT YOU MAKE OR ANY CLAIM THAT
IS MADE AGAINAST YOU IN CONNECTION WITH THE EQUIPMENT. YOU MAY LATER CANCEL ANY INSURANCE PURCHASED
BY US, BUT ONLY AFTER PROVIDING EVIDENCE THAT YOU HAVE OBTAINED INSURANCE AS REQUIRED BY THIS LEASE.
IF WE PURCHASE INSURANCE FOR THE EQUIPMENT. YOU WILL BE RESPONSIBLE FOR THE COSTS OF THAT INSURANCE,
INCLUDING THE INSURANCE PREMIUM, INTEREST AND ANY OTHER CHARGES WE MAY IMPOSE IN CONNECTION WITH
THE PLACEMENT OF THE INSURANCE. UNTIL THE EFFECTIVE DATE OF CANCELLATION OR EXPIRATION OF THE INSURANCE.
THE COSTS OF THE INSURANCE MAY BE ADDED TO YOUR TOTAL OUTSTANDING BALANCE OR OBLIGATION. THE COSTS
OF THE INSURANCE MAY BE ADDED TO YOUR EXPIRATION OF THE INSURANCE. THE COSTS OF THE INSURANCE MAY
BE ADDED TO YOUR TOTAL OUTSTANDING BALANCE OR OBLIGATION. THE COSTS OF THE INSURANCE MAY BE MORE
THAN THE COST OF INSURANCE YOU MAY BE ABLE TO OBTAIN ON YOUR OWN. The insurance coverage we
obtain may be through an insurance carrier which may be affiliated with us or our assignee. There
will be no deductible and the coverage will include protection for earthquakes, floods and employee
theft. We will pay the premium, but you must reimburse us. Each Billing Period, you must pay us with
your Lease Payment the pro-rated portion of the insurance premium. At the end of the Term you must
pay us any remaining portion of the premium.

10.  DEFAULT.  You will be in default under the Lease if; (a) you fail to remit to us any payment within ten
(10) days of the due date or breach any other obligation under this Lease; (b) a petition is
filed by or against you or any Guarantor under any bankruptcy or insolvency law; or (c) you default
under any other agreement with us.

11.  REMEDIES.  If you default, we may do one or more of the following: (a) recover from you. AS LIQUIDATED DAMGES
FOR LOSS OF BARGAIN AND NOT AS A PENALTY, the sum of: (i) all past due and current Lease Payments
and Lease Charges, (ii) the present value of all remaining Lease Payments and Lease Charges, discounted
at the rate of 6% per annum (or the lowest rate permitted by law, whichever is higher) and (iii)
the Fair Market Value of the Equipment; (b) declare any other agreements between us in default; (c)
require you to return all of the Equipment in the manner outlined in Section 12, or take possession
of the Equipment, in which case we shall not be held responsible for any losses directly or indirectly
arising out of, or by reason of the presence and/or use of any and all proprietary information residing
on or within the Equipment, and to lease or sell the Equipment or any portion thereof, and to apply
the proceeds, less reasonable selling and administrative expenses, to the amounts due hereunder,
(d) charge you interest on all amounts due us from the due date until paid at the rate
of 1-1/2% per month, but in no event more than the lawful maximum rate; (e) charge you for expenses
incurred in connection with the enforcement of our remedies including, without limitation, repossession,
repair and collection costs, attorneys’ fees and court costs. These remedies are cumulative, are
in addition to any other remedies provided for by law, and may be exercised concurrently or separately. Any failure or delay by us to exercise any right shall not operate as a waiver of any other right or future right.

12.  END OF TERM OPTIONS: RETURN OF EQUIPMENT. If you are not in default, at least 60 days (but not more than 120 days) prior to the end of the
Term (or the Renewal Term) you shall give us written notice of your intention at the end of the Term
(or the Renewal Term) which election cannot be revoked, to either (a) return all the Equipment, or
(b) purchase all of the Equipment AS-IS AND WHERE-IS, WITHOUT ANY WARRANTY AS TO CONDITION,
TITLE OR VALUE, for the Fair Market Value plus applicable sales and other taxes. IF YOU FAIL TO PROVIDE
US WITH SUCH 60 DAY PRIOR WRITTEN NOTICE, OR HAVING NOTIFIED US, YOU FAIL THE RETURN THE EQUIPMENT,
THE TERM OF THIS LEASE SHALL AUTOMATICALLY RENEW FOR ONE ADDITIONAL TERM OF TWELVE (12) MONTHS (the
“Renewal Term”) and all of the provisions of this Lease shall continue to apply, including
your obligation to remit Lease Payments and Lease Charges. If you are in default or you do not purchase
the Equipment at the end of the Term (or the Renewal Term), you shall return all of the Equipment,
freight and Insurance prepaid at your cost and risk, to wherever we indicate in the continental United
States, with all manuals and logs, in good order and condition (except for ordinary wear and tear
from normal use), packed per the shipping company’s specifications, and pay an inspection, restocking
and handling fee of $50 per item of Equipment (not to exceed $200 or the maximum permitted by law),
as reasonable compensation for our costs in processing returned equipment. You will pay us for any
loss in value resulting from the failure to maintain the Equipment in accordance with this Lease
or for damages incurred in shipping and handling.

13. ASSIGNMENT.  You may not assign or dispose of any rights or obligations under this Lease or sub-lease the
Equipment, without our prior written consent. We may, without notifying you, (a) assign this Lease
or our interest in the Equipment; and (b) release information we have about you and this Lease to
the manufacturer, supplier or any prospective investor, participant or purchaser of this Lease. If
we do make an assignment under subsection 13(a) above, our assignee will have all of our rights
under this Lease, but none of our obligations. You agree not to assert against our assignee claims,
offsets or defenses you may have against us.

14.  MISCELLANEOUS. Notices must be writing and will be deemed given 5 days after mailing to your (or our) business address.
You represent that; (a) you have authority to enter into this Lease and by so doing you will not
violate any law or agreement; and (b) this Lease is signed by your authorized officer or agent.
This Lease is the entire agreement between us, and cannot be modified except by another document
signed by us. This Lease is binding on you and your successors and assigns. All financial information
you have provided is true and a reasonable representation of your financial condition. You authorize
us or our agent to: (a) obtain credit reports and make credit inquiries; (b) furnish payment history to credit reporting agencies; and (c) be your attorney-in-fact for the sole purpose of signing
UCC financing statements. Any claim you have against us must be made within two (2) years after the
event which caused it. If a court finds any provision of this Lease to be unenforceable,
all other terms shall remain in effect and enforceable. You authorize us to insert or correct missing information on this Lease, including your
proper legal name, serial numbers and any other information describing the Equipment. If you so request,
and we permit the early termination of this Lease, you agree to pay (in addition to the prepayment
amount we quote to you) a fee of $100 per item of Equipment (not to exceed $400 or the maximum permitted
by law) for such privilege. THE PARTIES INTEND THIS TO BE A “FINANCE LEASE” UNDER ARTICLE
2A OF THE UNIFORM COMMERCIAL CODE (“UCC”). YOU WAIVE ALL RIGHTS AND REMEDIES CONFERRED
UPON A LESSEE BY ARTICLE 2A OF THE UCC.

	

Page 2 of 2120 Corporate Blvd.

South Plainfield, NJ  07080

908-546-3900 (voice)

908-546-3901 (fax)

	 

	 	March 29, 2004

	 
	
Mr. Kam Saifi

2041 Winding Brook Way

Westfield, New Jersey  07090

	 

		Re:  Separation Agreement Including a General Release

	 
	
Dear Mr. Saifi:

                This letter (the “Agreement”) sets forth the terms of our agreement with respect to your
separation from employment with ION Networks, Inc. (“ION”) and the end of your tenure as
President and Chief Executive Officer of ION. This Agreement will become effective on the eighth (8th) day after you sign and return this letter in accordance with its terms (the “Effective Date).

                1.              (a)          You resigned from all offices and positions of any kind that you held at ION (other than
the position of director) as of July 7, 2003 (the “Separation Date.). You also resigned as a
director on July 31, 2003. You hereby agree that, as of the Separation Date and, except to the extent
otherwise provided in this Agreement, all of ION’s and your obligations under the Employment
Agreement dated as of October 4, 2001, as amended on September 30, 2002 and January 8, 2003,
between you and ION (the “Employment Agreement”), have become null and void, except for
the obligations set forth in Section 6 (captioned “Developments and Confidential Information”)
of the Employment Agreement. You and ION hereby terminate the Employment Agreement, except for the
provisions set forth in the immediately preceding sentence, as of the Separation Date. Without limiting
the generality of the foregoing, all compensation, including bonuses, and all other benefits and
perquisites of employment with ION, have (as of the Separation Date and except to the extent otherwise
provided in this Agreement) ceased, and all rights heretofore granted to you to purchase or otherwise
obtain equity securities of ION, including the Stock Purchase Agreement dated as of October 8, 2001
(the “Stock Purchase Agreement”) between you and ION (but excluding 13,158 shares of Series
A Preferred Stock, par value $0.001 per share, of ION purchased on September 13, 2002), have been
terminated and are of no further force and effect. You agree that you are not entitled to any severance
payments or held-back pay as provided in the Employment Agreement. 

                                (b)            You acknowledge and confirm that (i) with your separation from ION, an Acceleration Event, as defined
in Section 4(b) of the Partial-Recourse Promissory Notes, dated October 8, 2001, made by
you in favor of ION (collectively, the “Notes”), has occurred, (ii) the aggregate unpaid
principal amount and accrued interest in the amount of $167,777.24 ( the “Accelerated Amount”),
became due and payable as of the Separation Date, and (iii) you did not 

	

	
repay the Accelerated Amount within a ten (10) day period after the Separation Date, resulting in an
event of default under the Stock Pledge Agreements, dated as of October 8, 2001 between
you and ION (collectively, the “Stock Pledge Agreements”). As a result, the entire principal
sum and accrued interest under the Notes became due and payable ten (10) days after such ten (10)
day period, which, with accrued interest, currently amounts to $290,720. You and ION agree that ION
will exercise its rights under the Notes and the Stock Pledge Agreements in connection with these
defaults, and ION will accept all 2,000,000 shares of common stock of ION pledged by you to ION pursuant
to the Stock Pledge Agreements, in full payment of all amounts due under the Notes. You hereby assign,
transfer and set over to the Company all 2,000,000 shares of Common Stock owned by you, pursuant
to the Stock Power annexed hereto as Annex A. For the purposes of this paragraph, we have agreed
that the shares have a value at $.14536 per share. You waive written notice from ION regarding the
occurrence of an Acceleration Event and of an event of default under the Stock Pledge Agreement and
the ten-day cure period set forth in the Notes and in the Stock Pledge Agreements, as well as any
duties with respect to the disposition of the collateral under applicable law. ION hereby agrees
to release you from all claims and obligations arising out of the Notes and the Stock Pledge Agreements.

                                (c)            You acknowledge and agree that all amounts due from any of the Released Parties (as defined below)
under your Employment Agreement or otherwise, have been paid to you.

                2.              You and ION agree to the following General Release, and related provisions, all effective as of the
date hereof:

                                (a)            In return for the discharge of indebtedness and other benefits described above as well as the mutual
promises contained herein, you completely release ION, its subsidiaries and affiliates and their
respective officers, directors, employees, agents, representatives and assigns (the “ION Released
Parties”) from all claims of any kind, known and unknown, which you may now have or have ever
had against the ION Released Parties, including claims for compensation, bonuses, severance pay,
stock options, tax indemnity and all claims arising from your employment with ION, whether based
on contract, tort, statute, federal or state law, local or municipal ordinance, regulation or any
comparable law in any jurisdiction, other than any claims arising or resulting from fraud or willful
misconduct on the part of the ION (excluding such claims arising or resulting from any matters in
which you were involved or of which you were aware prior to the Separation Date) (the “ION Released
Claims”). By way of example and not in limitation, the ION Released Claims shall include any
claims arising under Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities
Act, and the New Jersey Law Against Discrimination, as well as any claims asserting wrongful termination,
breach of contract, negligent or intentional infliction of emotional distress, negligent or intentional
misrepresentation, negligent or intentional interference with contract, and defamation. 

                                (b)            In return for the benefits described above as well as the mutual promises contained herein, ION completely
releases you and your heirs, executors, administrators and assigns (the “Released Parties”)
from all claims of any kind, known and unknown, which ION may now have or have ever had against the
Released Parties, including all claims arising from your employment with ION, whether based on contract,
tort, statute, federal or state law, local or 

	

2

	
municipal ordinance, regulation or any comparable law in any jurisdiction, other than any claims arising
or resulting from fraud or willful misconduct on the part of the Released Parties (the “Released
Claims”). 

                                (c)            You acknowledge and understand that a release of claims under the Age Discrimination in Employment
Act (“ADEA”), 29 U.S.C. §§ 621-634, is subject to special waiver protection
under 29 U.S.C. § 626(f). In accordance with that section, you specifically agree that
you knowingly and voluntarily release and waive any rights or claims of discrimination under the
ADEA. In particular, you represent that you have carefully read this Agreement in its entirety, that
you have had an opportunity to consider fully the terms of this Agreement for twenty-one (21) days
(although you need not take all 21 days) and that you have seven (7) days after you sign this Agreement
in which to revoke this Agreement. You further represent that you have been advised by ION to consult
with an attorney of your choosing in connection with this Agreement, that you have discussed the
Agreement with your independent legal counsel or have had a reasonable opportunity to do so, and
that you are signing this agreement voluntarily and of your own free will. 

                                (d)            You represent that you have not filed or authorized to be filed on your behalf any claims, administrative
proceedings or lawsuits against ION, and you agree that you will not do so at any time in the future
with respect to the subject matter of any ION Released Claim. 

                                (e)            ION represents that it has not filed or authorized to be filed on its behalf any claims, administrative
proceedings or lawsuits against you, and it agrees that it will not do so at any time in the future
with respect to the subject matter of any Released Claim. 

                                (f)             The releases above do not apply to claims arising from the breach of the provisions of this letter
agreement.

                3.              You understand and agree that you are not entitled to any severance payments or tax indemnity from
ION, except that ION agrees to indemnify you with respect to any capital gains taxes in connection
with the transfer of the shares to ION hereunder.

                4.              You hereby represent and warrant to ION that:

                                (a)            You have the full legal capacity and unrestricted power to execute and deliver this Agreement, and
to perform, your obligations hereunder. Your execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby will not violate any provision of law, any order of any court
or other agency of government, or any provision of any indenture, agreement or other instrument to
which you are a party or by which you are bound.

                                (b)            This Agreement has been duly executed and delivered by you and constitutes your legal, valid and binding
obligation, enforce­able in accordance with its terms, except as enforceability may be limited
by bankruptcy, reorganization, insolvency and similar laws, by moratorium laws from time to time
in effect and by general equity principles.

	

3

	
                5.              (a) You and ION agree to characterize your separation from employment as being a mutual decision.

                                (b)            You will not intentionally make any public statement to third parties, the public, the press, the
media, or any administrative agency that disparages, or is likely to cause injury to, ION. Likewise,
ION will instruct its directors and officers not to make any public statement to third parties, the
public, the press, the media, or any administrative agency that disparages, or is likely to cause
injury to, you.

                6.              ION acknowledges that you have returned to ION all ION property (including, without limitation, keys
to all offices and facilities, employee handbooks, business cards, customer files, corporate credit
cards, telephone calling cards, files and sales material and Blackberry as well as any and all reproductions
thereof) that is in your possession. You acknowledge that you have taken a copy of your personal
computer files and electronic information in your personal computer, which files and electronic information
does not include any property of ION, and ION acknowledges that you will keep such files and electronic
information. 

                7.              You agree that you will, upon a reasonable request made by the Chairman of the Board of Directors
(the “Chairman”) or by the Board of Directors (the “Board”) or any committee
thereof, cooperate with ION and its counsel (internal and external) in connection with (i) any matter
with which you were involved while employed with ION or of which you have knowledge as a result of
your employment with ION and (ii) any administrative proceeding or litigation relating to any such
matter, by providing information, answering questions, or appearing as a witness. The Company will
reimburse reasonable expenses and pay a per diem amount based on your last salary if it requests
your assistance.

                8.              You agree that: 

                                (a)   You
will not at any time use or disclose any confidential or proprietary information of ION.

                                (b)   You
and ION acknowledge and agree that a remedy at law for any breach or threatened breach of the provisions
of Sections 5(b) and 8 would be inadequate, and, therefore agree that ION would be entitled to injunctive
relief in addition to any other rights and remedies in cases of any such breach or threatened breach.

                9.              Any and all inventions, creations, ideas relating to the business of ION, improvements and software
of any nature whatsoever, whether or not patentable, developed by you prior to the Separation Date
in the course of your employment with ION will always be the property of ION.

                10.           This Agreement will be governed, construed and enforced in accordance with its express terms and otherwise
in accordance with the laws of the State of New Jersey, without regard for its conflict of laws principles.

	

4

	
                11.           Miscellaneous.

                                (a)            You and ION also agree that this Agreement contains all of the agreements and understandings between
you and ION concerning the subject matter of this Agreement, and fully supersedes any prior agreements
or understandings that we may have had with respect thereto.

                                (b)            No provision in this Agreement may be amended unless such amendment is set forth in a writing that
expressly refers to this Agreement and that is signed by you and by the Company (by its Chief Executive
Officer as of the time of such amendment). No waiver by any person of any breach of any condition
or provision contained in this Agreement will be deemed a waiver of any similar or dissimilar condition
or provision at the same or any prior or subsequent time. To be effective, any waiver must be set
forth in a writing signed by the waiving person (in the case of ION, such waiver shall be executed
by the Chief Executive Officer at the time of such waiver) and must specifically refer to the condition(s)
or provision(s) of this Agreement being waived. In the event of any inconsistency between this Agreement
and the terms of any plan, program, arrangement or agreement or other document of you or ION, the
terms of this Agreement will govern and control.

                                (c)            You hereby represent and warrant that there are no verbal or written agreements with any parties of
which you have knowledge, which have not been documented and communicated to ION’s Chief Executive
Officer, Norm Corn.

                                (d)            ION shall be entitled to withhold from any amounts or benefits payable under this Agreement or otherwise
taxes that are required to be withheld by applicable law, such withholding to be at the minimum statutory
rate(s) permitted by law. 

                                (e)            You acknowledge you have been represented by counsel of your own choosing and that you have chosen
to enter into this Agreement and based upon your own judgment and not in reliance upon any promises
made by ION other than those contained in this Agreement.

                                (f)             You and ION agree to take all such acts and execute any documents necessary to give effect to the
purposes and intents of this Agreement.

                If this letter comports with your understanding of our agreement, please sign on the line provided
below and return the original by hand delivery.

	 

	 	Sincerely,
		 
	 	ION NETWORKS, INC.
		 
		—————————————
	 	  Norm Corn
	 	Chief Executive Officer

	

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                I have read and understand the agreement above and agree to be bound by its terms and conditions.

	 

	__________________________	Dated:_______________________
	KAM SAIFI	 March __, 2004

	

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APPENDIX A

ASSIGNMENT SEPARATE FROM CERTIFICATE

                FOR VALUE RECEIVED, Kam Saifi hereby sells, assigns and transfers unto Ion Networks, Inc. (the “Company”),
two million (2,000,000) shares of the Common Stock of the Company standing in my name on the books
of the Company represented by Certificate No(s). _________________________ herewith and does hereby
irrevocably constitute and appoint American Stock Transfer & Co. as Attorney to transfer
said stock on the books of the Company with full power of substitution in the premises. 

	 

	Dated:_________________________	 
	 	Signature: _________________________

	

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