Document:

Consulting Agreement dated May 10, 2007, between the Company and Nicholas A.
      Fegen

    Exhibit
      10.27

    

    CONSULTING
      AGREEMENT

    

    This
      Consulting Agreement (the "Agreement') is dated as of May 10, 2007 (the
      "Effective Date") by and between GABRIEL
      TECHNOLOGIES CORP., a
      Delaware corporation (the "Company"), and NICHOLAS
      A. FEGEN ("Consultant").

    

    RECITALS:

    

    WHEREAS,
      the
      Company desires to engage the services of the Consultant for the purpose of
      performing
      consulting services on behalf of the Company, and the Consultant agrees to
      perform such services,
      subject to the terms and conditions contained herein.

    

    NOW,
      THEREFORE, in
      consideration of the foregoing premises and other good and valuable consideration,
      the receipt and sufficiency of which are hereby acknowledged, the Company and
      the Consultant
      hereby agree as
      follows:

    

    1.
      Services.
      Company
      hereby engages and Consultant agrees to serve the Company as an independent
      contractor providing business development, financial consulting, investor
      relations, strategic planning,
      and other valuable services to the Company. Consultant acknowledges and agrees
      that he shall be
      an
      independent contractor and shall not be an "employee" of the Company for any
      purpose. Consultant acknowledges that he shall provide his own welfare benefits
      and that the Company shall not provide any welfare
      benefits to Consultant. Consultant shall be solely responsible for the payment
      of all foreign, federal,
      state and local sales taxes, use taxes, value added tax, withholding taxes,
      income tax, unemployment
      and workers' compensation insurance premiums, and similar taxes and charges
      of
      any kind
      with
      respect to his compensation and the services provided under this
      Agreement.

    

    2.
      Terms
      and Termination. The
      term
      of this Agreement shall begin on the Effective Date and
      terminate one year after the Effective Date; provided, however, that this
      Agreement may be terminated
      at any time by either party upon thirty days' written notice to the other
      party.

    

    3. Compensation.
      In
      consideration of the services to be rendered by the Consultant during
the
      term
      hereof, the Company shall pay Consultant:

    

    
      	 	
              (a)

            	
              An
                initial payment of $75,000, which shall be payable within 3 business
                days
                of the Company's receipt of the proceeds from the completion after
                the
                Effective Date of one or more financing transactions in which aggregate
                proceeds are no less than $250,000 (the "First Financing");
                and

            

    

    

    
      	 	
              (b)

            	
              An
                additional payment of $75,000, which shall be payable within 3 business
                days of the Company's
                receipt of the proceeds from the completion of one or more subsequent
                financing
                transactions in which, together with the First Financing, aggregate
                proceeds to the Company are at least $500,000 (a "Subsequent Financing,"
                and together with the First Financing, the "Financing
                Transactions").

            

    

    

    Consultant
      acknowledges that the Company shall not have any obligation to compensate
      Consultant under this Agreement unless and until the receipt by the Company
      of
      the funds from each of the Financing Transactions.

    

    4.
      Certain
      Federal Securities Law Matters. Consultant
      acknowledges that he is aware that the
      federal securities laws prohibit any person who has received from an issuer
      material, non-public information
      concerning the issuer from purchasing or selling securities of such issuer
      or
      from communicating
      such information to any other person under circumstances in which it is
      reasonably foreseeable
      that such person is likely to purchase or sell such securities.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    

    5.
      Nondisclosure
      of Proprietary Information. Consultant
      acknowledges that he has received or
      may
      receive information relating to the Company's and any of its
      affiliates'
      assets, operations, clients, and past, present, and future businesses, including
      without limitation developments, technical data, intellectual
      property, specifications, designs, ideas, product plans, research and
      development, personal information,
      financial information, customer lists, business methods and operations,
      strategic plans, marketing
      plans and pricing information, all of which are proprietary to the Company
      and
      involve trade secrets, know-how, techniques, and combinations of known
      information of a character regarded by the Company
      as confidential, as well as other information that the Company has indicated
      to
      be confidential or
      which,
      by the nature of the information or the circumstances of its disclosure,
      Consultant ought reasonably
      to consider confidential (all of the foregoing, collectively, the "Proprietary
      Information"). The Proprietary
      Information does not include information which (i) at the time it is disclosed
      by the Consultant
      was already in the public domain; (ii) is subsequently published or publicly
      disclosed by persons
      other than Consultant through no fault of Consultant; (iii) is subsequently
      acquired by Consultant from a third party having no obligation of
      confidentiality toward the Company with respect to such information;
      or (iv) is known to Consultant at the time of disclosure, provided that
      Consultant shall have the
      burden of establishing such prior knowledge by competent written proof. If
      Consultant is compelled by
      law to
      disclose Confidential Information, he shall use his best efforts to give the
      Company ten (10) days
      prior written notice of compelled disclosure and shall limit such disclosure
      to
      the extent legally possible.

    

    Consultant
      agrees that Consultant will not disclose, either during the term of this
      Agreement or at any
      time
      after termination of this Agreement, any Proprietary Information to any person
      or entity, except in
      the
      course of Consultant's duties on behalf of the Company or with the Company's
      consent, and that, similarly, without the Company's consent, will not use such
      information for the benefit of any person or entity other than the Company
      at
      any time. Consultant agrees that upon termination of this Agreement,
Consultant
      will deposit with or return to the Company all copies (in any media, including,
      without limitation,
      electronic storage media) of documents, records, notebooks or any other
      information or documentation
      of the Company's Proprietary Information, and all derivatives thereof, whether
      the Proprietary
      Information or documentation was developed or prepared by Consultant or by
      others. Consultant
      acknowledges that this covenant of nondisclosure is an integral term of this
      Agreement and is given
      in
      consideration of the engagement of Consultant and the other consideration
      granted in this Agreement.

    

    6. Company's
      Representations. Company
      represents and warrants that it is free to enter into this
      Agreement and to perform each of its terms and covenants. Company represents
      and
      warrants that it is
      not
      restricted or prohibited, contractually or otherwise, from entering into and
      performing this Agreement
      and that its execution and performance of this Agreement is not a violation
      or
      breach of any other
      agreements between Company and any other person or entity. The Company
      represents and warrants
      that this Agreement is a legal, valid and binding agreement of the Company,
      enforceable in accordance with its terms.

     

    7. Consultant
      Representations. Consultant
      represents and warrants that he is free to enter into this Agreement and to
      perform each of its terms and covenants. Consultant represents and warrants
      that
      he
      is not restricted or prohibited, contractually or otherwise, from entering
      into
      and performing this Agreement, and that his execution and performance of this
      Agreement is not a violation or breach of any other
      agreement between Consultant and any other person or entity. The Consultant
      represents and warrants
      that this Agreement is a legal, valid and binding agreement of the Consultant,
      enforceable in accordance with its terms.

    

    8. Indemnification
      by Consultant. Consultant
      agrees to indemnify, defend, and shall hold harmless
      the Company, its subsidiaries, directors, officers, employees and agents, from
      and against any and
      all
      claims, demands, causes of action, debts or liabilities, including reasonable
      attorneys' fees (collectively,
      "Damages"), to the extent that any such Damages is based upon or arises out
      of
      (i) a breach of
      any of
      Consultant's representations and warranties contained herein, (ii) the gross
      negligence or willful misconduct of Consultant, or (iii) a violation of any
      federal or state laws by Consultant.

    
 

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    9. Multiple
      Counterparts. This
      Agreement may be executed in counterparts, each of which for
      all
      purposes is to be deemed an original, and all of which constitute, collectively,
      one agreement.

    

    10. Severability
      and Savings Clause. If
      any
      one or more of the provisions contained in this Agreement is for any reason
      (i)
      objected to, contested or challenged by any court, government authority,
agency,
      department, commission or instrumentality of the United States or any state
      or
      political subdivision
      thereof, or any securities industry self-regulatory organization (collectively,
      "Governmental Authority"), or (ii) held to be invalid, illegal or unenforceable
      in any respect, the parties hereto agree to negotiate in good faith to modify
      such objected to, contested, challenged, invalid, illegal or unenforceable
      provision. It is the intention of the parties that there shall be substituted
      for such objected to, contested, challenged, invalid, illegal or unenforceable
      provision a provision as similar to such provision as may be possible
      and yet be acceptable to any objecting Governmental Authority and be valid,
      legal and enforceable.
      Further, should any provisions of this Agreement ever be reformed or rewritten
      by a judicial body, those provisions as rewritten will be binding, but only
      in
      that jurisdiction, on Consultant and the Company
      as if contained in the original Agreement. The invalidity, illegality or
      unenforceability of any one
      or
      more provisions hereof will not affect the validity and enforceability of any
      other provisions hereof.

    

    11. Successors;
      Assignment. This
      Agreement and the rights and obligations under this Agreement
      shall be binding upon and inure to the benefit of the parties to this Agreement
      and their respective
      successors and permitted assigns. Neither this Agreement nor any rights or
      benefits under this Agreement
      may be assigned by either party to this Agreement without the other party's
      prior written consent.

    

    12. Entire
      Agreement; Amendment. This
      Agreement supersedes any and all other agreements,
      either oral or in writing, between the parties with respect to the engagement
      of
      the Consultant by the Company (including any previously executed agreement
      that
      has not been fully performed by both parties), and contains all of the covenants
      and agreements between the parties with respect thereto. This Agreement
      can only be amended by the parties in writing, executed by the party against
      whom enforcement
      of any modifications may be sought.

    

    13. Governing
      Law. This
      Agreement will be governed and construed in accordance with the laws of Omaha,
      Nebraska, without resort to the conflict of law principles thereof. Any lawsuit
      brought to enforce or interpret this Agreement must be filed and prosecuted
      in
      the state court (or federal court if the requirements
      of federal jurisdiction are met), as the case may be, sitting in Douglas County,
      Nebraska, and
      each
      of the parties hereby voluntarily submits to the jurisdiction of such court
      for
      such purpose and hereby voluntarily waives any defense or objection to the
      exercise of such jurisdiction by any such court.

    

    14. Notices.
      All
      notices or other communications which are required or permitted hereunder shall
      be in writing and sufficient if (i) personally delivered, (ii) sent by
      nationally-recognized overnight carrier
      or (iii) sent by registered or certified mail, postage prepaid, return receipt
      requested, addressed to the addresses set forth below each party's name on
      the
      signature page hereto, or to such other address as the
      party
      to whom notice is to be given may have furnished to each other party in
      accordance herewith. Any
      such
      communication shall be deemed to have been given (i) when delivered, if
      personally delivered, (ii) on the first Business Day (as hereinafter defined)
      after dispatch, if sent by nationally recognized overnight
      courier and (iii) on the third Business Day following the date on which the
      piece of mail containing
      such communication is posted, if sent by mail. As used herein, "Business Day"
      means a day that
      is
      not a Saturday, Sunday or a day on which banking institutions in the city to
      which the notice or communication is to be sent are not required to be
      open.

    

    15. Third
      Party Beneficiary. No
      person, firm, group or corporation is a third party beneficiary
      of this Agreement.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed the Agreement as of
      the
      date
      first mentioned above.

    

    

    
      	 	
              COMPANY:

            
	 	
              GABRIEL
                TECHNOLOGIES CORP.

            
	 	 
	 	
              By:
                /s/ TJ O'Brien        

            
	 	
              Name:
                TJ O'Brien

            
	 	
              Title:
                Acting COO

            
	 	
              Address:
                4538 S. 140th Street

            
	 	
              Omaha,
                NE 68137

            
	 	 
	 	 
	 	
              CONSULTANT:

            
	 	 
	 	
              /s/
                Nicholas A. Fegen        

            
	 	
              NICHOLAS
                A. FEGEN

            
	 	
              Address:
                675 Southfork Drive

            
	 	
              Waukee,
                IA 50263

            

    

     

     

     

    4THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

SECURED CONVERTIBLE PROMISSORY NOTE

	
            $[__________]
 	
            May 7, 2007
 
	
             
 	
            San Jose, California
 
			

 

For value received, RVision, Inc., a Nevada corporation (the “Company”), promises to pay to [___________] (the “Holder”), the principal sum of [_____] Dollars ($[______]). Interest shall accrue from the date of this Note (as defined below) on the unpaid principal amount at a rate equal to nine percent (9%) per annum, compounded annually. This Note is one of a series of Secured Convertible Promissory Notes containing substantially identical terms and conditions issued pursuant to that certain Securities Purchase Agreement dated as of May 7, 2007 (the “Purchase Agreement”). Such Notes are referred to herein as the “Notes,” and the holders thereof are referred to herein as the “Holders.”  All capitalized terms used but not defined herein shall have the meanings given to them in the Purchase Agreement and other accompanying ancillary documents. This Note is subject to the following terms and conditions.

1.            Maturity. Unless converted as provided in Section 2, this Note will automatically mature and be due and payable on November 7, 2007 (the “Maturity Date”). Subject to Section 2 below, interest shall accrue on this Note and accrued interest shall be due and payable on a monthly basis with the first payment of accrued interest due on July 1, 2007. Notwithstanding the foregoing, the entire unpaid principal sum of this Note, together with accrued and unpaid interest thereon, shall become immediately due and payable upon the insolvency of the Company, the commission of any act of bankruptcy by the Company, the execution by the Company of a general
assignment for the benefit of creditors, the filing by or against the Company of a petition in bankruptcy or any petition for relief under the federal bankruptcy act or the continuation of such petition without dismissal for a period of ninety (90) days or more, or the appointment of a receiver or trustee to take possession of the property or assets of the Company.

	
             
 	
            2.
 	
            Conversion.
 

(a)          Conversion by Holder. The entire principal amount of this Note and any interest accrued on the Note may be converted into the securities the Company issues in its next round of capital financing (“Next Financing”) where it raises an amount greater than $1,000,000 (the “Next Securities”) by election of Holder at any time prior to the Maturity Date, provided that Next Financing has been consummated. The Next Securities to be issued upon such conversion shall be issued on a $1 to $1 basis.

 

 

	
             
 	
            1
 

 

 

 

(b)          Call by the Company; Prepayment. The Company shall have the right to prepay this Note in full, or in part, upon thirty (30) days written notice to the Holder, provided that all of the Notes shall be prepaid on a pro rata basis. During the thirty (30) day notice period, the Holder shall have the right to convert the entire principal amount of the Note into the Next Securities provided that such Next Securities are outstanding at the time of the proposed conversion pursuant to the terms of Section 2(a). In the event the Holder does not convert, the Company shall pay the Holder a
prepayment penalty equal to ten percent (10%) of the principal amount of the Note at the time of prepayment. 

(c)          Mechanics and Effect of Conversion. Upon conversion of this Note pursuant to this Section 2, the Holder shall surrender this Note, duly endorsed, at the principal offices of the Company or any transfer agent of the Company. At its expense, the Company will, as soon as practicable thereafter, issue and deliver to such Holder, at such principal office, a certificate or certificates for the Next Securities to which such Holder is entitled upon such conversion, together with any other securities and property to which the Holder is entitled upon such conversion under the terms of this Note, including a check payable to the Holder for any accrued interest due. Upon conversion of this Note, the Company will be forever released from all
of its obligations and liabilities under this Note with regard to that portion of the principal amount being converted including without limitation the obligation to pay such portion of the principal amount and accrued interest.

(d)          Payment of Interest. Upon conversion of the principal amount of this Note into the Next Securities, at the election of the Holder, unpaid accrued interest on this Note shall be immediately paid to the Holder.

3.            Payment. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal.

4.            Transfer; Successors and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. This Note may be assigned and transferred only upon surrender of the original Note to the Company for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal amount and interest will be issued to, and registered in the name of, the transferee. Interest and principal are payable only to the registered holder of this Note.

5.            Governing Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts of law.

6.            Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or forty-eight (48) hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the 

 

	
             
 	
            2
 

 

 

party to be notified at such party’s address or facsimile number as set forth below or as subsequently modified by written notice.

7.            Amendments and Waivers. Any term of this Note may be amended only with the written consent of the Company and at least a majority in interest of the Holders. Any amendment or waiver effected in accordance with this Section 7 shall be binding upon the Company, each Holder and each transferee of any Note.

8.            Stockholders, Officers and Directors Not Liable. In no event shall any stockholder, officer or director of the Company be liable for any amounts due or payable pursuant to this Note.

9.            Security Interest. This Note is secured by all of the assets of the Company in accordance with a separate security agreement (the “Security Agreement”) of even date herewith between the Company and the Holder. In case of an Event of Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement.

10.          Action to Collect on Note. If action is instituted to collect on this Note, the Company promises to pay all costs and expenses, including reasonable attorney’s fees, incurred in connection with such action.

11.          Loss of Note. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the Company (in case of loss, theft or destruction) or surrender and cancellation of such Note (in the case of mutilation), the Company will make and deliver in lieu of such Note a new Note of like tenor.

IN WITNESS WHEREOF, the party hereto has caused this Note to be duly executed by its authorized signatory as of the date first indicated above.

	
             
 	
            COMPANY:
 
	
             
 	
             
 
	
             
 	
            RVISION, INC.
 
	
             
 	
            By: /s/ Gregory E. Johnston
 
	
             
 	
            Name:  Gregory E. Johnston
 
	
             
 	
            Title:  Chief Executive Officer
 
	
             
 	
            Address:  2365 A Paragon Drive
 
	
             
 	
            San Jose, CA 95131
 
	
             
 	
            Facsimile:  (408) 437-9923
 

 

 

 

	
             
 	
            3
 

 

 

 

SCHEDULE OF NOTE HOLDERS

 

	
            Name of Note Holders
 	
            Original Principal

Amount of Note
 
	
            ASRL LLC

 
 	
            $250,000
 
	
            Stephen D. Lipkin

 
 	
            25,000
 
	
            RTAC Corporation

 
 	
            250,000
 
	
            Robert A. Fink

 
 	
            25,000
 
	
            Chachas Land Co., Inc.

 
 	
            50,000
 
	
            Byron Barkley

 
 	
            25,000
 
	
            TOTAL
 	
            625,000
 

 

 

 

 

	
             
 	
            4

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