Document:

EX-10.15 EMPLOYMENT AGMT WITH HARRIET L. ROBINSON

Exhibit 10.15

GEOVAX INC. – HARRIET ROBINSON

EMPLOYMENT AGREEMENT

19 NOVEMBER 2007

This EMPLOYMENT AGREEMENT (the “Agreement”) by and between GeoVax Inc., a Georgia Corporation
(“Company”), and HARRIET ROBINSON (“Employee”; and with the Company, collectively, the “Parties”),
is entered into and effective as of: 19 NOVEMBER 2007 (the “Effective Date”). The actual start date
is to be mutually agreed.

Employee will serve as a SENIOR VICE PRESIDENT OF R & D of the Company. The Company and Employee
desire that Employee be employed by the Company in the above capacity under the terms of this
Agreement. Therefore, in consideration of the mutual covenants and agreements set forth herein, it
is agreed:

1.     Employment; Duties. Employee is hereby employed by the Company under the terms of
this Agreement, and Employee accepts such employment. Employee shall perform the following duties
(“Employees Duties”): such duties as are customary for someone in that position and duties that may
be reasonably assigned from time to time by the President and CEO and in the absence of the
President/CEO, other assigned personnel. Primary duties include but are not limited to:
administering all research and product development activities of the company and all other assigned
responsibilities.

2.     Term of Agreement. The term of Employee’s employment under this Agreement
commences on 19 November 07 and shall end upon the termination of Employee’s employment with the
Company as provided herein. The Company may terminate this Agreement upon at least 90 days prior
written notice to Employee, and such termination shall be effective on the termination date
described in such notice (or such earlier time as the Company and Employee may agree).
Notwithstanding the foregoing, the termination of this Agreement shall not terminate the Company’s
obligation to make any payments to Employee for services performed and expenses incurred prior to
the date of such termination, or as set forth below; and shall not terminate Employee’s obligations
under Section 14, 15 and 16 below.

3.     Base Salary. The Company shall pay Employee $250,000 on an annual fulltime
basis to be prorated for less than full time or a percent based upon employment schedule, payable
at least monthly, with annual reviews. Performance and salary reviews are at the discretion of the
President/CEO and/or Board of Directors.

4.     Performance Reviews. Performance reviews will be conducted at least annually by
the President/CEO or designee.

5.     Annual Bonus Potential. An annual fiscal year bonus will be considered and
recommended, if appropriate, by the supervisor and President/CEO and must be BOD approved. The
actual amount shall be at the discretion of the President/BOD based on Employee’s and the Company’s
performance and achievement.

6.     Equity Stock Incentive. The Company shall consider the grant of stock options to
Employee under the Company’s then current stock option plan. These options would allow employee the
right to purchase shares of the Company’s common stock at an exercise price per share yet to be
determined. The options will have an expiration date and vesting schedule which will be fixed by
the Board.

7.     Moving Expenses. N/A

8.     Temporary Living Expense. N/A

9.     Travel Expenses. The Company shall reimburse Employee for usual and customary
business travel expenses reasonably incurred in the performance of Employee’s Duties, based on
receipted expense reports, including $0.485 per mile for all general business use of personal auto.
Employee will use best efforts to minimize all travel and travel expenses and use alternative less
expensive forms of travel when possible.

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10.     Other Business Expenses. N/A

11.     Benefits. Employee will be entitled to the following benefits in line with the
company’s ongoing benefits program administered through an HR employment agency [Administaff Inc.]
or other company selected benefits administrator. Benefit details are provided in an information
packet available from the Company. Benefits are deferred for Dr. Robinson until employment is
fulltime or benefits are no longer available to her through Emory University.

	 	a.	 	Life Insurance Benefits: As provided once full time employee
	 
	 	b.	 	Long-Term Disability Insurance: As provided once full time employee
	 
	 	c.	 	Medical & Dental Insurance As provided once full time employee
	 
	 	d.	 	Vacation: Four (4) weeks paid vacation.
	 
	 	e.	 	Holidays: Nine (9) paid holidays.
	 
	 	f.	 	Retirement Plan: a Company 401(k) Retirement Plan that allows Employee
to contribute up to 15% of salary on a pre-tax basis up to a maximum as prescribed
under federal law. Employer matching and/or profit contribution will be at the
discretion of the Company and approved annually by the Board. Company matching is
currently $0.25 for each $1.00 of employee 401(k) contribution up to a maximum. [See
Plan for details]

12.     Termination Provision—Non Voluntary 

	 	a.	 	With Cause. If Employee is terminated with cause, Employee’s
employment, compensation and benefits will terminate immediately (unless otherwise
provided by law), and Employee shall not receive any severance payments.
	 
	 	b.	 	Without Cause. If Employee is terminated without cause,
Employee must be given 30 days notice, and his salary will continue to be paid for 1
week for each full year of service.

13.     Termination Provision—Voluntary. Employee may voluntarily terminate his
employment on 60 day written notice to the Company, and Employee’s employment, compensation and
benefits will terminate on the effective date of termination (unless otherwise provided by law),
and Employee shall not receive any severance payments.

14.      Record Keeping and Payment. Employee shall keep and file with the Company an
expense report for all business expenses for which Employee seeks reimbursement, and Employee shall
be reimbursed for such documented business expenses within thirty (30) days of submitting a request
for reimbursement.

15.     Restrictive Covenants. Employee acknowledges that the restrictions contained
herein are reasonable and necessary to protect the legitimate business interests of the Company,
and will not impair or infringe upon his right to work or earn a living after his employment with
the Company ends. The restrictions imposed herein shall apply during Employee’s employment with
the Company and, except for the longer period specified below for the protection of Trade
Secrets, thereafter for a period of two (2) years after the termination of employment for any
reason (the “Restricted Period”).

	 	a.	 	Trade Secrets and Confidential Information. Employee represents and warrants that:
(i) he is not subject to any agreement that would prevent him from performing Employ ee’s
Duties for the Company or otherwise complying with this Agreement, and (ii) he is not subject
to or in breach of any non-disclosure
agreement, including any agreement concerning trade secrets or confidential information owned
by any other party.

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	 	 	 	Employee agrees that he will not: (i) use, disclose, or reverse engineer the Trade
Secrets or the Confidential Information (as defined below), except as authorized
by the Company; (ii) or during his employment with the Company, use, disclose, or reverse
engineer (a) any confidential information or trade secrets of any former employer or third
party, or (b) any works of authorship developed in whole or in part by him during any former
employment or for any other party, unless authorized in writing by the former employer or
third party; or (iii) upon his resignation or termination (a) retain Trade Secrets or
Confidential Information, including any copies existing in any form (including electronic
form), which are in his possession or control, or (b) destroy, delete, or alter the Trade
Secrets or Confidential Information without the Company’s consent. Notwithstanding the
above, such information may be disclosed to authorized representatives of the US government in
federal grant applications and to third parties in connection with licensing, financing and
other commercial agreements, in each case to the extent the failure to provide such
information would materially prejudice the Company’s ability to secure the grant or enter into
the desired commercial relationship, and provided that in each case Employee uses his best
efforts to cause the person(s) receiving such information to protect its confidentiality and
limit its use, including securing a written confidentiality agreement where possible.

The obligations under this subsection 15.a shall: (i) with regard to the Trade
Secrets, remain in effect as long as the information constitutes a trade secret under
applicable law, and (ii) with regard to the Confidential Information, remain in effect
during the Restricted Period.
	 
	 	 	 	b. “Confidential Information” means information of the Company, to the extent not
considered a Trade Secret under applicable law, that (i) relates to the business of
the Company, (ii) possesses an element of value to the Company, (iii) is not generally known
to the Company’s competitors, and (iv) would damage the Company if disclosed.
Confidential Information includes, but is not limited to, (i) future business plans,
(ii) the composition, description, schematic or design of products, future products or
equipment of the Company, (iii) communication systems, audio systems, system designs and
related documentation, (iv) advertising or marketing plans, (v) information regarding
independent contractors, employees, clients and customers of the Company, and (vi)
information concerning the Company’s financial structure and methods and procedures of
operation. Confidential Information shall not include any information that (i) is or becomes
generally available to the public other than as a result of an unauthorized disclosure, (ii)
has been independently developed and disclosed by others without violating this Agreement or
the legal rights of any party, or (iii) otherwise enters the public domain through lawful
means.
	 
	 	c.	 	“Trade Secrets” means information of the Company, and its licensors, suppliers,
clients and customers, without regard to form, including, but not limited to, technical or
non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a
technique, a drawing, a process, financial data, financial plans, product plans, or a list of
actual or potential customers or suppliers which is not commonly known by or available to the
public and which information (i) derives economic value, actual or potential, from not being
generally known to, and not being readily ascertainable by proper means by, other persons who
can obtain economic value from its disclosure or use, and (ii) is the subject of efforts that
are reasonable under the circumstances to maintain its secrecy.
	 
	 	d.	 	Non-Solicitation of Customers and Business Partners. During the Restricted Period,
Employee will not solicit any customer of the Company, or any for-profit or not-for-profit
enterprise in a commercial or research relationship with the Company, on his own behalf or on
behalf of any other person or entity, for the purpose of providing any goods or services
competitive with the business of the Company as described in the Company’s Business Plan or
thereafter (the “Business”), or for the purpose of diverting the benefits of any such
relationship away from the Company. The restrictions set forth in this Section apply only to
the customers and enterprises with whom Employee had interaction (i) in an effort to
establish, maintain, and/or further a business relationship on behalf of the Company, and
(ii) which occurs during the last year of Employee’s employment with the Company (or during
his employment if employed less than a year).

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	 	e.	 	Non-Recruitment of Employees. During the Restricted Period, Employee will not,
directly or indirectly, solicit, recruit or induce any employee of the Company or any
affiliate of the Company either to terminate his or her employment relationship with the
Company, or work for any other person or entity engaged in a business like the Business.

16.     Work Product. Employee’s Duties may include creation of inventions in areas
directly or indirectly related to the business of the Company or to a line of business that the
Company may reasonably be interested in pursuing. All Work Product (as defined below) shall
constitute work made for hire. If (i) any of the Work Product may not be considered work made for
hire, or (ii) ownership of all right, title, and interest to the legal rights in and to the Work
Product will not vest exclusively in the Company, then, without further consideration, Employee
assigns all presently-existing Work Product to the Company, and agrees to assign, and automatically
assigns, all future Work Product to the Company.

     The Company will have the right to obtain and hold in its own name copyrights, patents, design
registrations, proprietary database rights, trademarks, rights of publicity, and any other
protection available in the Work Product. At the Company’s request, Employee will perform, during
or after his employment with the Company, any acts to transfer, perfect and defend the Company’s
ownership of the Work Product, including, but not limited to: (i) executing all documents
(including a formal assignment to the Company) necessary for filing an application or registration
for protection of the Work Product (an “Application”), (ii) explaining the nature of the Work
Product to persons designated by the Company, (iii) reviewing Applications and other related
papers, or (iv) providing any other assistance reasonably required for the orderly prosecution of
Applications. Employee will provide the Company with a written description of any Work Product in
which he is involved (solely or jointly with others) and the circumstances surrounding the creation
of such Work Product.

     "Work Product” means (a) any data, databases, materials, documentation, computer programs,
inventions (whether or not patentable), designs, and/or works of authorship, including but not
limited to, discoveries, ideas, concepts, properties, formulas, compositions, methods, programs,
procedures, systems, techniques, products, improvements, innovations, writings, pictures, and
artistic works, and (b) any subject matter protected under patent, copyright, proprietary database,
trademark, trade secret, rights of publicity, confidential information, or other property rights,
including all worldwide rights therein, that is or was conceived, created or developed in whole or
in part by Employee while employed by the Company and that either (i) is created within the scope
of his employment, (ii) is based on, results from, or is suggested by any work performed within the
scope of his employment, (iii) is directly or indirectly related to the business of the Company or
a line of business that the Company may reasonably be interested in pursuing, (iv) has been or will
be paid for by the Company, or (iv) was created or improved in whole or in part by using the
Company’s time, resources, data, facilities, or equipment.

17.     Arbitration.

	 	a.	 	Any controversy, claim or dispute arising from, out of or relating to this Agreement, or
any breach thereof, including but not limited to any dispute concerning the scope of this
arbitration clause, claims based in tort or contract, claims for discrimination under
federal, state or local law, and/ or claims for violation of any federal, state or local law
(any such controversy, claim or dispute being referred to herein as a “Claim”) shall be
resolved in accordance with the National Rules for the Resolution of Employment Disputes of
the American Arbitration Association then in effect. Such arbitration shall take place in
Atlanta, Georgia. The arbitrator’s award shall be final and binding upon both parties.
	 
	 	b.	 	A demand for arbitration shall be made within a reasonable time after the Claim has
arisen. In no event shall the demand for arbitration be made after the date when an
institution of legal and/or equitable proceedings based on such Claim would be barred by the
applicable statute of limitations. Each party to the arbitration will be entitled to be
represented by counsel and shall have the right to subpoena witnesses and documents for the
arbitration hearing. The arbitrator shall be experienced in employment arbitration and
licensed to practice law in the state of Georgia. The arbitrator shall have the authority to
hear and
grant a motion to dismiss and/ or motion for summary judgment, applying the standards
governing such motions under the Federal Rules of Civil Procedure.

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	 	c.	 	Except as otherwise awarded by the arbitrator, each party shall pay the fees of its
respective attorneys, the expenses of its witnesses and any other expenses connected with
presenting its Claim or defense. To the extent permitted by law, the prevailing party shall
be entitled to receive, in addition to all other relief, payment of all expenses of
litigation and arbitration, including attorney’s fees.
	 
	 	d.	 	The parties indicate their acceptance of the foregoing arbitration requirement by
initialing below:

	 	 	 
	 

	 	 
	For the Company

	 	Employee

18.     Miscellaneous. This Agreement constitutes the entire agreement between the Parties
concerning the subject matter of this Agreement. This Agreement supersedes any prior
communications, agreements or understandings, whether oral or written, between the Parties relating
to the subject matter of this Agreement. This Agreement may not be amended or modified except in
writing signed by both Parties. This Agreement shall be assignable to, and shall inure to the
benefit of, the Company’s successors and assigns, including, without limitation, successors through
merger, consolidation, or sale of a majority of the Company’s assets. Employee shall not have the
right to assign Employee’s rights or obligations under this Agreement, except as permitted under
the laws of descent and distribution. The laws of the State of Georgia shall govern this Agreement.

The Parties hereto have executed this Agreement as of the day and year first written below.

	 	 	 	 	 	 	 
	GEOVAX, INC.	 	 	 	 
	 
	 	 	 	 	 	 
	By:

	 	/s/  Don Hildebrand	 	Date:
	 	19 Nov 2007
	 

	 	 
	 	 	 	 
	 

	 	Don Hildebrand	 	 	 	 
	 

	 	President/CEO	 	 	 	 
	 
	 	 	 	 	 	 
	EMPLOYEE:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	/s/  Harriet Robinson
	Date:	 	 
	 
	 	 	 	 
	 

	 	Harriet Robinson	 	 	 	 

5 of 5EX-4.2 FORM OF SUBSCRIPTION AGREEMENT

Exhibit 4.2

SUBSCRIPTION AGENT AGREEMENT

May ___, 2009

American Stock Transfer & Trust Company

59 Maiden Lane

New York, New York 10038

Ladies and Gentlemen:

In connection with your appointment as Subscription Agent in the transaction described herein,
Intelligent Systems Corporation (the “Company”), hereby confirms its arrangements with you as
follows:

	1.	 	Rights Offering — The Company is offering
(the “Rights Offering”) to the holders of  shares of its
Common Stock, par value $0.01 per share (“Common Stock”), on May 22, 2009 (the
“Record Date”), the right (“Rights”) to subscribe
for Units (“Units”), each Unit consisting of
one share of Common Stock.. Except as set forth under Paragraphs 7 and 8 below, Rights shall
cease to be exercisable at 5:00 p.m., New York City time, on June 22, 2009 or such later date
of which the Company notifies you orally and confirms in writing (the
“Expiration Date”). One
Right is being issued for each share of Common Stock held on the Record Date. One Right and
payment in full of the subscription price of $0.70 (the “Subscription Price”) is required to
subscribe for one Unit. Rights are evidenced by non-transferable subscription certificates in
registered form (“Subscription Certificates”). Each holder of Subscription Certificate(s) who
exercises the holder’s right to subscribe for all Units that can be subscribed for with the
Rights evidenced by such Subscription Certificate(s) (the “Basic Subscription Right”) will
have the right to subscribe for additional Units, if any, available as a result of any
unexercised Rights (such additional subscription right being referred to hereafter as the
“Additional Subscription Privilege”). The Rights Offering will be conducted in the manner and
upon the terms set forth in the Company’s Prospectus dated __________, 2009 (the
“Prospectus”), which is incorporated herein by reference and made a part hereof as if set
forth in full herein.
	 
	2.	 	Appointment of Subscription Agent — You are hereby appointed as Subscription Agent to
effect the Rights Offering in accordance with the Prospectus. Each reference to you in this
letter is to you in your capacity as Subscription Agent unless the context indicates
otherwise.
	 
	3.	 	Delivery of Documents — Enclosed herewith are the following, the receipt of which you
acknowledge by your execution hereof:

	 	(a)	 	a copy of the Prospectus;
	 
	 	(b)	 	the form of Subscription Certificate (with instructions);
	 
	 	(c)	 	resolutions adopted by the Board of Directors of the Company in connection with the
Rights Offering, certified by the secretary of the Company; and

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	 	(d)	 	Notice of Guaranteed Delivery.

     As soon as is reasonably practical, you shall mail or cause to be mailed to each holder of
Common Stock at the close of business on the Record Date a Subscription Certificate evidencing the
Rights to which such holder is entitled, a Notice of Guaranteed Delivery, a Prospectus and an
envelope addressed to you. Prior to mailing, the Company will provide you with blank Subscription
Certificates which you will prepare and issue in the names of holders of Common Stock of record at
the close of business on the Record Date and for the number of Rights to which they are entitled.
The Company will also provide you with a sufficient number of copies of each of the documents to be
mailed with the Subscription Certificates.

	4.	 	Subscription Procedure  —

	 	(a)	 	Upon your receipt prior to 5:00 p.m., New York City time, on the Expiration Date (by
mail or delivery), as Subscription Agent, of (i) any Subscription Certificate completed and
endorsed for exercise, as provided on the reverse side of the Subscription Certificate
(except as provided in paragraph 8 hereof), and (ii) payment in full of the Subscription
Price in U.S. funds by check, bank draft or money order payable at par (without deduction
for bank service charges or otherwise) to the order of American Stock Transfer & Trust
Company, you shall as soon as practicable after the Expiration Date, but after performing
the procedures described in subparagraphs (b) and (c) below, mail to the subscriber’s
registered address on the books of the Company certificates representing the securities
underlying each Unit duly subscribed for (pursuant to the Basic Subscription Right and the
Additional Subscription Privilege) and furnish a list of all such information to the
Company.
	 
	 	(b)	 	As soon as practicable after the Expiration Date you shall calculate the number of Units
to which each subscriber is entitled pursuant to the Additional Subscription Privilege. The
Additional Subscription Privilege may only be exercised by holders who subscribe to all the
Units that can be subscribed for under the Basic Subscription Right. The Units available
for additional subscriptions will be those that have not been subscribed and paid for
pursuant to the Basic Subscription Right (the “Remaining Units”). Where there are
sufficient Remaining Units to satisfy all additional subscriptions by holders exercising
their rights under the Additional Subscription Privilege, each holder shall be allotted the
number of Remaining Units subscribed for up to a maximum of 500,000 Remaining Units. If the
aggregate number of Units subscribed for under the Additional Subscription Privilege exceeds
the number of Remaining Units, the number of Remaining Units allotted to each participant in
the Additional Subscription Privilege shall be the product obtained by multiplying the
number of Remaining Units by a fraction of which the numerator is the number of Units
subscribed for by that participant under the Basic Subscription Right and the denominator is
the aggregate number of Units subscribed for under the Basic Subscription Right by all
participants who are exercising their Additional Subscription Privilege. However, no holder
shall be allocated more Remaining Units than such holder subscribed for. Any fractional
Unit to which persons exercising their Additional Subscription Privilege would otherwise be
entitled pursuant to such allocation shall be rounded to the next whole Unit.
	 
	 	(c)	 	Upon calculating the number of Units to which each subscriber is entitled pursuant to
the Additional Subscription Privilege and the amount overpaid, if any, by each subscriber,
you shall, as soon as practicable, furnish a list of all such information to the Company.

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	 	(d)	 	Upon calculating the number of Units to which each subscriber is entitled pursuant to
the Additional Subscription Privilege and assuming payment for the additional Units
subscribed for has been delivered, you shall mail, as contemplated in subparagraph (a)
above, the certificates representing the additional securities which the subscriber has been
allotted. If a lesser number of Units is allotted to a subscriber under the Additional
Subscription Privilege than the subscriber has tendered payment for, you shall remit the
difference to the subscriber without interest or deduction at the same time as certificates
representing the securities allotted pursuant to the Additional Subscription Privilege are
mailed.
	 
	 	(e)	 	Funds received by you pursuant to the Basic Subscription Right and the Additional
Subscription Privilege shall be held by you in a segregated account. Upon mailing
certificates representing the securities and refunding subscribers for additional Units
subscribed for but not allocated, if any, you shall promptly remit to the Company all funds
received in payment of the Subscription Price for Units sold in the Rights Offering.

	5.	 	Defective Exercise of Rights; Lost Subscription Certificates — The Company shall have
the absolute right to reject any defective exercise of Rights or to waive any defect in
exercise. Unless requested to do so by the Company, you shall not be under any duty to give
notification to holders of Subscription Certificates of any defects or irregularities in
subscriptions. Subscriptions will not be deemed to have been made until any such defects or
irregularities have been cured or waived within such time as the Company shall determine. You
shall as soon as practicable return Subscription Certificates with the defects or
irregularities which have not been cured or waived to the holder of the Rights. If any
Subscription Certificate is alleged to have been lost, stolen or destroyed, you should follow
the same procedures followed far lost stock certificates representing Common Stock you use in
your capacity as transfer agent for the Company’s Common Stock.
	 
	6.	 	Late Delivery —  If prior to 5:00 p.m., New York City time, on the Expiration Date
you receive (i) payment in full of the Subscription Price for the Units being subscribed for
and (ii) a guarantee notice substantially in the form of the Notice of Guaranteed Delivery
delivered with the Subscription Certificate, from a financial institution having an office or
correspondent in the United States, or a member firm of any registered United States national
securities exchange or of the National Association of Securities Dealers, Inc. stating the
certificate number of the Subscription Certificate relating to the Rights, the name and
address of the exercising subscriber, the number of Rights represented by the Subscription
Certificate held by such exercising subscriber, the number of Units being subscribed for
pursuant to the Rights and guaranteeing the delivery to you of the Subscription Certificate
evidencing such Rights within three New York Stock Exchange (“NYSE”) trading days following
the date of the Notice of Guaranteed Delivery, then the Rights may be exercised even though
the Subscription Certificate was not delivered to you prior to 5:00 p.m., New York City time,
on the Expiration Date, provided that within three NYSE trading days following the date of the
Notice of Guaranteed Delivery you receive the properly completed Subscription Certificate
evidencing the Rights being exercised, with signatures guaranteed if required.
	 
	7.	 	Delivery — You shall deliver to the Company the exercised Subscription Certificates
in accordance with written directions received from the Company and shall deliver to the
subscribers who have duly exercised Rights at their registered addresses certificates representing
the securities subscribed for as instructed on the reverse side of the
Subscription Certificates.

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	8.	 	Reports — You shall notify the Company by telephone on or before the close of
business on each business day during the period commencing 5 business days after the mailing
of the Rights and ending at the Expiration Date (and in the case of guaranteed deliveries
ending three NYSE trading days after the Expiration Date) (a “daily notice”), which notice
shall thereafter be confirmed in writing, of (i) the number of Rights exercised on the day
covered by such daily notice, (ii) the number of Rights subject to guaranteed exercises on the
day covered by such daily notice, (iii) the number of Rights for which defective exercises
have been received on the day covered by such daily notice, and (iv) the cumulative total of
the information set forth in clauses (i) through (iii) above. At or before 5:00 p.m., New
York City time, on the first NYSE trading day following the Expiration Date you shall certify
in writing to the Company the cumulative total through the Expiration Date of all the
information set forth in clauses (i) through (iii) above. At or before 10:00 a.m., New York
City time, on the fifth NYSE trading day following the Expiration Date you will execute and
deliver to the Company a certificate setting forth the number of Rights exercised pursuant to
a Notice of Guaranteed Delivery and as to which Subscription Certificates have been timely
received. You shall also maintain and update a listing of holders who have fully or partially
exercised their Rights, holders who have transferred their Rights and their transferees, and
holders who have not exercised their Rights. You shall provide the Company or its designees
with such information compiled by you pursuant to this paragraph 9 as any of them shall
request.
	 
	9.	 	Future Instructions — With respect to notices or instructions to be provided by the
Company hereunder, you may rely and act on any written instruction signed by any one or more
of the following authorized officers or employees of the Company:

J. Leland Strange, President and Chief Executive Officer

Bonnie L. Herron, Vice President, Secretary and Chief Financial Officer

	10.	 	Payment of Expenses — The Company will pay you compensation for acting in your
capacity as Subscription Agent hereunder in the amount of $20,000.00 plus your reasonable
out-of-pocket expenses. The Company will pay an additional fee equal to one-third of the
Subscription Agent fee for each extension of the Offering, plus any out-of-pocket expenses
associated with such extension.
	 
	11.	 	Counsel — You may consult with counsel satisfactory to you, which may be counsel to
the Company, and the advice or opinion of such counsel shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by you
hereunder in good faith and in accordance with such advice and opinion of such counsel.

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	12.	 	Indemnification — The Company covenants and agrees to indemnify and hold you
harmless against any costs, expenses (including reasonable fees of legal counsel), losses or
damages, which may be paid, incurred or suffered by or to which you may become subject
arising from or out of, directly or indirectly, any claim or liability resulting from your
actions as Subscription Agent pursuant hereto; provided that such covenant and agreement
does not extend to such costs, expenses, losses and damages incurred or suffered by you as a
result of, or arising out of, your own gross negligence, misconduct or bad faith or that of
any employees, agents or independent contractors used by you in connection with performance
of your duties as Subscription Agent hereunder.
	 
	13.	 	Notices —  Unless otherwise provided herein, all reports, notices and other
communications required or permitted to be given hereunder shall be in writing and delivered
by hand or confirmed telecopy or by first class U.S. mail, postage prepaid, shall be deemed
given if by hand or telecopy, upon receipt or if by U.S. mail, three business days after
deposit in the U.S. mail and shall be addressed as follows
	 
	14.	 	Prior Agreements. Nothing herein contained shall amend, replace or supersede any
agreement between the Company and you to act as the Company’s transfer agent which agreement
shall remain of full force and effect.

	 	(a)	 	If to the Company, to:

	 	 	 	Intelligent Systems Corporation

4355 Shackleford Road

Norcross GA 30093

Attn: Bonnie Herron

Telephone: 770-564-5504

Telecopy: 770-381-2808

	 	(b)	 	If to you, to:

	 	 	 	American Stock Transfer & Trust Company

59 Maiden Lane

New York, N.Y. 10038

Attention: George Karfunkel

Telephone: (718) 921-8200

Telecopy: (718) 236-4588

Yours truly,

	 	 	 	 	 
	 	INTELLIGENT SYSTEMS CORPORATION

 	 
	 	By:  	 	 
	 
	 	Name:  	 	 
	 
	 	Title:  	 	 

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	Agreed & Accepted:

AMERICAN STOCK TRANSFER & TRUST COMPANY

 	 	 

By:_______________________________

Name:____________________________

Title:___________________________

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Fee Schedule

Flat fee of $20,000.00

Plus reasonable out-of-pocket expenses.

7

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