Document:

Exhibit 10.4  

THE SHARES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND ARE BEING
OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS
OF SUCH LAWS. THE SHARES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND
RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SUCH LAWS
PURSUANT TO REGISTRATION OR AN EXEMPTION THEREFROM. THE SHARES HAVE NOT BEEN
APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER
REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR
ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE
OFFERING MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. 

SUBSCRIPTION AGREEMENT – SALE OF
COMMON STOCK

	
  

 	
  

 
	
  

 	
 October 9, 2009

 

SecureCare Technologies, Inc.

1617 W. 6th Street

Suite C

Austin, Texas 78703

Attention: Neil Burley, Chief Financial Officer

	
  

 	
  

 	
  

 
	
  

 	
 Re:

 	
 Sale of Common Stock 

 

Gentlemen:

          Effective
September 1, 2009, SecureCARE Technologies, Inc., a Nevada corporation
(hereinafter referred to as “SCUC” or the “Company”) is offering to a limited
number of investors (“Investors”), who are accredited investors, as hereinafter
defined, an aggregate of up to One Million Two Hundred and Fifty Thousand
(1,250,000) shares of its Common Stock for sale on a best effort basis at a
price of $0.08 per share from September 1, 2009 through September 21, 2009;
thereafter, the price of the shares will be $0.10 per share, par value $.001
per share (the “Common Stock” or “shares”). The Board of Directors of the
Company, effective, October 9, 2009, has extended the price of $0.08 per share
to close of business on October 31, 2009; thereafter, the price of the shares
will be $0.10 per share, par value $.001 per share.

          The
Company intends to offer the sale of its Common Stock (the “Offering”) from
time to time through October 31, 2009 with no minimum sales required, and may
determine to withdraw, limit or extend the offering at any time. SCUC has
furnished the undersigned with the information set forth in the Subscription
Agreement and in Section 2(a) below.

          The
Company will concurrently offer an aggregate of up to Three Hundred Twelve
Thousand Five Hundred (312,500) shares in an offer to a related-party note
holder (the “Holder”), to convert $25,000 in principal amount outstanding of a
$75,000, 6% unsecured promissory note, issued in June 2008, for the Company’s
Common Stock at a rate of one share of Common Stock for each $0.08 of Note
surrendered by the Holder (the “Exchange Offer”). The Exchange Offer will
expire on September 21, 2009.

          1.        Subscription.
Subject to the terms and conditions of this Subscription Agreement - Sale of
Common Stock, the undersigned hereby tenders this subscription and check, or
other appropriate form of payment, set forth at the foot of this agreement to
acquire the shares of Common Stock set forth at the foot of this agreement.
Upon the acceptance and payment of the purchase price, certificates for Common
Stock shares shall be issued to the Investors. Acceptance shall take place
within thirty (30) business days after receipt of the signed Subscription
Agreement and receipt of a check or other cleared funds for the purchase price.
The sale hereby is not conditioned upon receipt of a minimum amount of
proceeds. Acceptance and payment of the purchase price is deemed to be
completed upon receipt of this subscription and check, or other appropriate
form of payment, by any member of the Board of Directors of the Company.

                     (a)       Wiring
of funds to the Company for the subscribed purchase price. When the investor
desires to wire purchase funds directly to the Company, the following bank
wiring information is to be used:

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Comerica Bank, Tarrytown Office

 
	
  

 	
  

 	
 2414 Exposition Boulevard

 
	
  

 	
  

 	
 Suite D110

 
	
  

 	
  

 	
 Austin, Texas 78703

 
	
  

 	
  

 	
 Contact: Mark Ruether (512)472-8216

 
	
  

 	
  

 	
 Account Name: SecureCare Technologies, Inc.

 
	
  

 	
  

 	
 Routing Number: 111000753

 
	
  

 	
  

 	
 Account Number: 1880981111

 
	
  

 	
  

 	
 SWIFT Code: MNBDUS33

 

          2.       Acknowledgments.
The undersigned acknowledges that the undersigned has had the opportunity to
review the following documents and has made such review as the undersigned has
deemed appropriate:

	
  

 	
  

 	
  

 
	
  

 	
  

 	
           All
 documents filed by the Company with the Securities and Exchange Commission of
 the United States of America and is particularly aware of the Company’s
 current cash needs, the risk factors set forth in its Form 10-KSB for the
 year ended December 31, 2008, the Company’s history of bankruptcy and that an
 investment in the Company is an extremely high risk investment. The
 undersigned further acknowledges that unless the Company sells a majority of
 the Common Stock, its chances for success will be further reduced to a
 significant extent. The undersigned is aware that the Company has previously
 raised funds from investors believing that it would not require further
 private investment to become a viable operating company and has been mistaken
 in this belief.

 

2

          3.        Investment
Representations.

                     (a)       Investment
Intent. The undersigned represents that the undersigned is acquiring the
Shares pursuant to the Offer for investment only and not with a view to, or for
sale in connection with, any distribution thereof nor with any present
intention to sell such Shares, except in compliance with the Act. The Company
has no obligation to register the Shares under the Act and does not intend to
do so. For several years there has been an extremely limited trading market for
the Shares and no active market may ever develop. The certificates for the
Shares will bear the following legend or a legend similar thereto:

The securities represented by this certificate have not been
registered under the Securities Act of 1933, as amended, and may not be sold,
transferred, pledged, hypothecated, or otherwise disposed of in the absence of
(i) an effective registration statement for such securities under such act or
(ii) an opinion of company counsel that such registration is not required.

                      (b)       Transfer
Limited. The undersigned further acknowledges that the Shares to be
purchased hereby will have been issued pursuant to an exemption from
registration under the Act and the rules and regulations promulgated thereunder
and agrees not to sell or otherwise transfer or dispose of the Shares in any
transaction which, in the reasonable opinion of the Company’s counsel, would be
in violation of the Act. For the purpose of determining the Holder’s holding
period for the shares, the date of this agreement shall be deemed the date the
Holder acquired the Shares and such shares will not be salable for at least six
months thereafter absent a registration under the Act.

                      (c)       Experience.
The undersigned represents and warrants that the undersigned has such knowledge
and experience in financial and business matters that the Holder is and will be
capable of evaluating the risks and merits of an investment in the Shares to be
acquired hereby and that the Purchaser is able to bear the economic risks,
including total loss, of investing in the Shares.

                      (d)       No
Filing. The undersigned understands that no federal or state agency has
passed upon the Shares or made any findings or determination as to the fairness
of this investment.

          4.        Information
with Respect to the Undersigned. The undersigned represents
the following information is true and correct:

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Holder:

 	
 (1)

 	
 ______________________________

 	
  

 	
  

 
	
  

 	
  

 	
           (Print
 Name)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (2)

 	
 ______________________________

 	
  

 	
  

 
	
  

 	
  

 	
           (Print
 Name)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Mailing Address:

 	
  

 	
 ______________________________

 	
  

 	
  

 
	
  

 	
  

 	
           (Name
 of Addressee)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 ______________________________

 	
  

 	
  

 
	
  

 	
  

 	
           (Number
 and Street)

 	
  

 	
  

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 _____________

 	
 ____________

 	
 ____________

 	
  

 
	
  

 	
  

 	
 City

 	
 State

 	
 Zip Code

 	
  

 

3

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Facsimile No (Optional): ____________________

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Social Security and/or

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 taxpayer identification

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 number(s):

 	
  

 	
 (1)

 	
 ____________________

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (2)

 	
 ____________________

 	
  

 	
  

 	
  

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ownership Form (check one):

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 __

 	
 Individual

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 __

 	
 Joint Tenancy

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 __

 	
 Community property

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 __

 	
 Tenancy-in-common

 	
  

 

          5.        Copies
of Notices. Copies of all notices or other communications to
be given or made hereunder will be transmitted to purchaser at its above
mailing address. 

          6.        Accredited
Investor. The undersigned represent(s) and warrant(s) that I
am (we are) “accredited investor(s)” as that term is defined in Rule 501 of
Regulation D promulgated by the Securities and Exchange Commission pursuant to
the Act as set forth below. (Initial the appropriate category of accredited
investor that each person satisfies and, in the case of joint or partnership
ownership, indicate which person the initialed category is applicable to):

	
  

 	
  

 
	
 ____

 	
 (1)        Such
 investor is a natural person who had individual income (excluding income of
 such investor’s spouse) in excess of $200,000 in each of 2007 and 2008 or
 joint income with such investor’s spouse in excess of $300,000 in each of
 those years and reasonably expects to reach the same income level in 2009
 (for purposes hereof, individual income being defined as adjusted gross
 income, without taking into account: (a) any deductions for long-term capital
 gains under § 1202 of the Internal Revenue Code of 1986, as presently amended
 (the “Code”); (b) any depletion deductions under Code § 611 et seq.; (c) any
 exclusion for interest under Code § 103; or (d) any partnership losses
 allocated to such Investor as reported on Schedule E of his Form 1040 or any
 successor form);

 
	
  

 	
  

 
	
 ____

 	
 (2)        Such
 investor is a natural person whose net worth at the time of purchase, either
 individually or jointly with such Investor’s spouse, exceeds $1,000,000
 (including such investor’s home, home furnishings and automobiles);

 

4

	
  

 	
  

 
	
 ____

 	
 (3)        Such
 investor is a trust, not formed for the specific purpose of acquiring the
 securities offered, with total assets in excess of $5,000,000 whose purchase
 is directed by a sophisticated person as described in Rule 506(b)(2)(ii)
 under the Act;

 
	
  

 	
  

 
	
 ____

 	
 (4)        Such
 investor is a corporation, partnership, trust or other entity in which all of
 the equity owners are Accredited Investors; or

 
	
  

 	
  

 
	
 ____

 	
 (5)        Other
 (details below):

 

	
  

 	
  

 	
  

 
	
  

 	
  

 	 

 

          7.        Tax
Consequences. No effort has been made to provide any advice as to
the federal, state or local income tax consequences of my investment in the
Notes and Shares. I have been advised to seek my own independent advice as to
the tax consequences of an investment in the Notes and Shares.

          8.        Survival
and Indemnification. The undersigned agree(s) that the
representations contained herein shall survive the purchase of the Notes and
Shares and that he (they) will indemnify and hold harmless SCUI from and
against loss, damage or liability arising from a claim of or action instituted
by a third party including any governmental or regulatory body investigation,
or proceeding arising from a breach of any representation or material
misrepresentation of the undersigned contained herein. The indemnities provided
herein shall not be deemed exclusive remedies but are in addition to all other
rights and remedies available to either or both of the parties pursuant to this
Agreement. 

          9.        Miscellaneous.

          In
the event that any one or more of the provisions contained herein, or the
application thereof in any circumstances, is held invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be in any way impaired thereby,
it being intended that all of the rights and privileges shall be enforceable to
the fullest extent permitted by law. 

          This
Agreement is intended by the parties as a final expression of their agreement
and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained
herein. There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein and therein. This Agreement
supersedes all prior agreements and understandings between the parties with
respect to such subject matter. This Agreement may only be modified in writing
signed by the undersigned and the Company. 

          This
Agreement shall be construed and enforced in accordance with, and the rights of
the parties shall be governed by, the laws of the State of Texas applicable to
agreements made and to be performed entirely within such State.

5

          IN WITNESS
WHEREOF, the undersigned have executed this Subscription Agreement –
Sale of Common Stock as of the day and year first above written.

	
  

 	
  

 	
  

 
	
  

 	
 (1) _____________________________

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
 (2) _____________________________

 	
  

 

Amount Subscribed for:

$__________________________ , totaling _____________
shares of Common Stock (Par Value $0.001)

          The
foregoing subscription is hereby accepted by SecureCare Technologies, Inc., as
of the ___ day of ___________ , 2009.

	
  

 	
  

 	
  

 
	
  

 	
 SecureCare
 Technologies, Inc.

 
	
  

 	
 (a Nevada Corporation)

 
	
  

 	
  

 
	
  

 	
 By:

 	 

 
	
  

 	
  

 	
 Neil Burley, Chief Financial Officer

 

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  Exhibit 10.18    
    

			
	Liberty Media Corporation

12300 Liberty Boulevard

Englewood, CO 80112	 	Liberty Entertainment, Inc.

12300 Liberty Boulevard

Englewood, CO 80112
 

October 19,
2009 

Mr. Larry
D. Hunter

Chief Executive Officer and General Counsel

The DIRECTV Group, Inc.

DIRECTV

2230 East Imperial Highway

El Segundo, CA 90245 

	Re:
	Splitco
Adjusted Restricted Shares

Dear
Larry: 

        Reference
is made to the Agreement and Plan of Merger, dated as of May 3, 2009, as amended through the date hereof (the "Merger
Agreement"), by and among Liberty Media Corporation ("Liberty"), Liberty Entertainment, Inc., The DIRECTV
Group, Inc., DIRECTV ("Holdings") and the other parties named therein. Capitalized terms used herein and not otherwise defined have the meanings
ascribed thereto in the Merger Agreement. 

        This
letter will confirm our agreement with respect to the settlement of the withholding obligations due in connection with the accelerated vesting of all outstanding Splitco Adjusted
Restricted Shares as of the Merger Effective Time in accordance with Section 2.4(c) of the Liberty Disclosure Schedule. 

        Notwithstanding
anything to the contrary contained in the Merger Agreement, but subject to Section 2.2(i) of the Merger Agreement (but without duplication): 

        1.     On
or prior to the Closing Date, Liberty will notify Holdings, in writing, of (i) each award of Splitco Adjusted Restricted Shares that vests as of the Merger
Effective Time; and (ii) each such award that will be subject to the following withholding provisions (a "Covered Award"). 

        2.     Liberty
hereby represents and warrants to Holdings that Liberty has the power and authority to authorize and effect the withholding of such amounts and in such form as is
provided for in the withholding provisions set forth below. 

        3.     No
later than 5pm Denver time on the Business Day that immediately follows the first day of "regular way" trading in Holdings Class A Common Stock (the
"First Trading Day"), Liberty will notify Holdings, in writing, of (i) the dollar value of the withholding amount applicable to each Covered
Award; (ii) the stock price to be used in calculating the number of shares of Holdings Class A Common Stock to be withheld from each Covered Award, which stock price will equal the
average of the high and the low reported sale prices for the Holdings Class A Common Stock on the First Trading Day rounded up to the next higher whole cent (the "Stock
Price"); and (iii) the number of shares of Holdings Class A Common Stock to be deducted from each Covered Award following its conversion to shares of Holdings
Class A Common Stock at the Splitco Exchange Ratio in accordance with the Merger Agreement, which number of shares (the "Withheld Shares") will
equal the quotient of (x) the notified withholding amount applicable to such Covered Award divided by (y) the Stock Price, rounded up to the next higher whole share. 

1

 

        4.     Holdings
will cause its transfer agent to distribute promptly, and in any event prior to the third Business Day following the First Trading Day, (A) to each holder
of a Covered Award, all shares of Holdings Class A Common Stock subject to such Covered Award less the Withheld Shares subject to such Covered Award, and (B) to each holder of an award
of Splitco Adjusted Restricted Shares not designated as a Covered Award, all shares of Holdings Class A Common Stock subject to such award. 

        5.     Holdings
will also pay promptly, by wire transfer, and in any event prior to the third Business Day following the First Trading Day, to Liberty an amount equal to the
product of (i) the Stock Price multiplied by (ii) the aggregate number of Withheld Shares, in immediately available funds. 

        6.     Liberty
will then use these funds to timely pay the appropriate Governmental Authority, thereby satisfying all withholding obligations with respect to the Covered Awards. 

        This
will also confirm our agreement, on behalf of the holders of Covered Awards, that the board of directors of Holdings will approve, under Rule 16b-3 of the
Securities Exchange Act of 1934, as amended, the disposition of shares of Holdings Class A Common Stock in accordance with the foregoing withholding arrangement by any person serving as a
director or executive officer of Holdings as of the Merger Effective Time. 

[signature
page follows] 

2

 

        Kindly
acknowledge your agreement with the foregoing by executing below and returning the same to the undersigned at your earliest convenience. 

							
	 	 	 	 	Very truly yours,
	

 	
 	

 	
 	
 Liberty Media Corporation
	

 	
 	
 	
 	
 By:	
 	
 /s/ CHARLES Y. TANABE

 
	 	 	 	 	Name:	 	 Charles Y. Tanabe
	 	 	 	 	Title:	 	 Executive Vice President and

General Counsel
	

 	
 	

 	
 	
Liberty Entertainment, Inc.
	

 	
 	
 	
 	
 By:	
 	
 /s/ CHARLES Y. TANABE

 
	 	 	 	 	Name:	 	 Charles Y. Tanabe
	 	 	 	 	Title:	 	 Executive Vice President and

General Counsel
	
 Accepted and Agreed this 19th day of October 2009:	
 	

 	
 	

 
	

The DIRECTV Group, Inc.	
 	

 	
 	

 
	
 By:	
 	
 /s/ LARRY D. HUNTER

 	
 	

 	
 	

 
	Name:	 	 Larry D. Hunter	 	 	 	 
	Title:	 	 Chief Executive Officer	 	 	 	 
	

DIRECTV	
 	

 	
 	

 
	
 By:	
 	
 /s/ LARRY D. HUNTER

 	
 	

 	
 	

 
	Name:	 	 Larry D. Hunter	 	 	 	 
	Title:	 	 Chief Executive Officer	 	 	 	 

3

QuickLinks

Exhibit 10.18

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