Document:

Exhibit 10.3 

EMPLOYMENT AGREEMENT 

        THIS
EMPLOYMENT AGREEMENT (this “Agreement”) is made as of September 19, 2008,
effective as of September 19, 2008, by Security With Advanced Technology, Inc., a
Colorado corporation (the “Employer”), and Eric P. Wenaas, an individual
who is a resident of San Diego, CA (the “Executive”). 

RECITALS 

        WHEREAS,
the Employer wishes employ the Executive upon the terms and conditions set forth in
this Agreement; and  

        WHEREAS,
the Employee wishes to be employed upon the terms and conditions set forth herein. 

AGREEMENT 

        The
parties, intending to be legally bound, agree as follows: 

1.    DEFINITIONS 

        For the
purposes of this Agreement, the following terms have the meanings specified or referred to
in this Section 1. 

        “
Agreement”
means this Employment Agreement, as amended, restated or otherwise modified from time to
time. 

        “
Basic
Compensation” means Salary and Benefits.  

        “

Benefits” is
defined in Section 3.2.  

        “
Board
of Directors” means the board of directors of the Employer.  

        “
Confidential
Information ” means any and all:  

        
        (a)     trade
secrets concerning the business and affairs of the Employer, product
          specifications, data, know-how, formulae, compositions, processes, designs,
          sketches, photographs, graphs, drawings, samples, inventions and ideas, past,
          current, and planned research and development, current and planned
manufacturing           or distribution methods and processes, customer lists, current
and anticipated           customer requirements, price lists, market studies, business
plans, computer           software and programs (including object code and source code),
computer software           and database technologies, systems, structures, and
architectures (and related           formulae, compositions, processes, improvements,
devices, know-how, inventions,           discoveries, concepts, ideas, designs, methods
and information), and any other           information, however documented, that is a
trade secret within the meaning of           the Colorado Trade Secrets Act, as in effect
as of the date hereof and as           amended from time to time.  

        
        (b)              information
concerning the business and affairs of the Employer (which includes           historical
financial statements, financial projections and budgets, historical           and
projected sales, capital spending budgets and plans, the names and           backgrounds
of key personnel and personnel training and techniques and           materials), however
documented; and  

        
        (c)              notes,
analysis, compilations, studies, summaries, and other material prepared           by or
for the Employer containing or based, in whole or in part, on any           information
included in the foregoing.  

        “disability”
is defined in Section 6.2. 

        “Effective
Date” means the date stated in the first paragraph of this Agreement. 

        “Employee
Invention” means any idea, invention, technique, modification, process, or
improvement (whether patentable or not), any industrial design (whether registrable or
not), any mask work, however fixed or encoded, that is suitable to be fixed, embedded or
programmed in a semiconductor product (whether recordable or not), and any work of
authorship (whether or not copyright protection may be obtained for it) created,
conceived, or developed by the Executive, either solely or in conjunction with others,
during the Employment Period, or a period that includes a portion of the Employment
Period, that relates in any way to, or is useful in any manner in the business then being
conducted or proposed to be conducted by the Employer, and any such item created by the
Executive, either solely or in conjunction with others, following termination of the
Executive’s employment with the Employer, that is based upon or uses Confidential
Information. 

        “Employment
Period” means the term of the Executive’s employment under this Agreement. 

        “Fiscal
Year” means the Employer’s fiscal year, as it exists on the Effective Date,
which on the Effective Date is the calendar year. 

        “for
cause” is defined in Section 6.3. 

        “for good
reason” is defined in Section 6.4. 

        “person”
means any individual, corporation (including any non-profit corporation), general or
limited partnership, limited liability company, joint venture, estate, trust, association,
organization, or governmental body. 

        “Post-Employment
Period” is defined in Section 8.2. 

        “Proprietary
Items” is defined in Section 7.2(a)(iv). 

      “Salary”
is defined in Section 3.1.  

2.     EMPLOYMENT
TERMS AND DUTIES  

    
    2.1        Employment.
The Employer hereby employs the Executive, and the Executive hereby accepts employment by
the Employer, upon the terms and conditions set forth in this Agreement.  

    
    2.2        Basic
Term. Subject to the provisions of Section 6, the basic term of the
Executive’s employment under this Agreement will begin on the Effective Date and end
on September 20, 2010.  

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    2.3        Duties.
The Executive will have such duties as are assigned or delegated to the Executive by the
Board of Directors, and will initially serve as Chief Executive Officer (“CEO”)
of the Employer. The Executive will devote a majority of his business time, attention,
skill, and energy to the business of the Employer, will use his best efforts to promote
the success of the Employer’s business, and will cooperate fully with the Board of
Directors in the advancement of the best interests of the Employer. Nothing in this Section
2.3, however, will prevent the Executive from engaging in additional activities in
connection with personal investments and community affairs that are not inconsistent with
the Executive’s duties under this Agreement. If the Executive is elected as a
director of the Employer, which in contemplated by the parties, or as a director or
officer of any of its affiliates, the Executive will fulfill his duties as such director
or officer without additional compensation.  

3.     COMPENSATION  

    
    3.1        Salary.
The Executive will be paid an annual salary of $150,000, subject to adjustment as
provided below (the “Salary”), which will be payable in equal periodic
installments according to the Employer’s customary payroll practices, but no less
frequently than monthly. The Salary may be reviewed by the Board of Directors, and may be
adjusted upward, but not downward in the sole discretion of the Board of Directors.  

    
    3.2        Bonus.
The Board of Directors will create a bonus plan for executive officers, which shall
include the Executive. The terms and objectives of the bonus plan will be determined by
the Board of Directors.  

    
    3.3        Benefits.
The Executive will, during the Employment Period, be permitted to participate in such
hospitalization, major medical, and other employee benefit plans of the Employer that may
be in effect from time to time, to the extent the Executive is eligible under the terms
of those plans (collectively, the “Benefits”).  

4.     FACILITIES
AND EXPENSES.  

        The
Employer will furnish the Executive office space, equipment, supplies, and such other
facilities and personnel, as the Employer deems necessary or appropriate for the
performance of the Executive’s duties under this Agreement. The Employer will pay the
Executive’s dues in such professional societies and organizations as the Board of
Directors deems appropriate, and will pay on behalf of the Executive (or reimburse the
Executive for) reasonable expenses incurred by the Executive at the request of, or on
behalf of, the Employer in the performance of the Executive’s duties pursuant to this
Agreement, and in accordance with the Employer’s employment policies, including
reasonable expenses incurred by the Executive in attending conventions, seminars, and
other business meetings, in appropriate business entertainment activities, and for
promotional expenses. The Executive must file expense reports with respect to such
expenses in accordance with the Employer’s policies. All expenses shall be reimbursed
within 30 days of submission of appropriate expense reports. 

5.     VACATIONS
AND HOLIDAYS  

        The
Executive will be entitled to paid vacation each Fiscal Year in accordance with the
vacation policies of the Employer in effect for its executive officers from time to time.
The Executive will also be entitled to the paid holidays set forth in the Employer’s
policies. Unless advance written permission is obtained from the Employer’s Chairman
of the Board of Directors, vacation days and holidays during any Fiscal Year that are not
used by the Executive during such Fiscal Year may not be used in any subsequent Fiscal
Year. If the Executive is unable to perform his duties for physical or mental reasons,
then Employer shall provide Executive with his Basic Compensation until Executive’s
employment is terminated due to the disability of the Executive 

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6.     TERMINATION  

    
    6.1        Events
of Termination. The Employment Period, the Executive’s Basic Compensation, and
any and all other rights of the Executive under this Agreement or otherwise as an
employee of the Employer will terminate (except as otherwise provided in this Section 6):  

    
    
    (a)                     upon
the death of the Executive;  

    
    
    (b)                     upon
the disability of the Executive (as defined in Section 6.2)           immediately
upon notice from either party to the other;  

    
    
    (c)                     for
cause (as defined in Section 6.3), as determined by the Board of
          Directors immediately upon notice from the Employer to the Executive, or at
such           later time as such notice may specify;  

    
    
    (d)                     for
good reason (as defined in Section 6.4) upon not less than 30           days’ prior
notice from the Executive to the Employer, which notice           specifies the Executive’s
intent to terminate this Agreement and the           factual basis for such termination,
it being understood that if the Employer can           cure the problem giving rise to
such termination within such 30-day period, the           termination will not occur; or  

    
    
    (e)                     upon
notice by the Board of Directors.  

    
    6.2        Definition
of “Disability.” For purposes of Section 6, the Executive will
be deemed to have a “disability” if, for physical or mental reasons, the
Executive is unable to perform the Executive’s duties under this Agreement for 90
consecutive days, or 120 days during any 12-month period, as determined in accordance
with this Section 6.2. The disability of the Executive will be determined by a
medical doctor selected by written agreement of the Employer and the Executive upon the
request of either party by notice to the other. If the Employer and the Executive cannot
agree on the selection of a medical doctor, each of them will select a medical doctor and
the two medical doctors will select a third medical doctor who will determine whether the
Executive has a disability. The determination of the medical doctor selected under this
Section 6.2 will be binding on both parties. The Executive must submit to a
reasonable number of examinations by the medical doctor making the determination of
disability under this Section 6.2, and the Executive hereby authorizes the
disclosure and release to the Employer of such determination and all supporting medical
records. If the Executive is not legally competent, the Executive’s legal guardian
or duly authorized attorney-in-fact will act in the Executive’s stead, under this Section
6.2, for the purposes of submitting the Executive to the examinations, and providing
the authorization of disclosure, required under this Section 6.2.  

    
    6.3        Definition
of “For Cause.” For purposes of Section 6, the phrase “for
cause”means: (a) the Executive’s material breach of this Agreement; (b) the
Executive’s willful failure to adhere to any written Employer policy if the
Executive has been given a reasonable opportunity to comply with such policy or cure his
failure to comply (which reasonable opportunity must be granted during the 10-day period
preceding termination of this Agreement); (c) the appropriation (or attempted
appropriation) of a material business opportunity of the Employer, including attempting
to secure or securing any personal profit in connection with any transaction entered into
on behalf of the Employer; (d) the misappropriation (or attempted misappropriation) of
any of the Employer’s funds or property; or (e) the conviction of, the indictment
for (or its procedural equivalent), or the entering of a guilty plea or plea of no
contest with respect to, a felony.  

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    6.4        Definition
of “For Good Reason.” For purposes of Section 6, the phrase
“for good reason” means: (a) the Employer’s material breach of this
Agreement; or (b) a material reduction in Executive’s position, duties and
responsibilities from those described in Section 2.3 of this Agreement.  

    
    6.5        Termination
Pay. Effective upon the termination of this Agreement during the term specified in
Section 2.2, the Employer will be obligated to pay the Executive (or, in the event of his
death, his designated beneficiary as defined below) only such compensation as is provided
in this Section 6.5, and in lieu of all other amounts and in settlement and
complete release of all claims the Executive may have against the Employer. For purposes
of this Section 6.5, the Executive’s designated beneficiary will be such
individual beneficiary or trust, located at such address, as the Executive may designate
by notice to the Employer from time to time or, if the Executive fails to give notice to
the Employer of such a beneficiary, the Executive’s estate. Notwithstanding the
preceding sentence, the Employer will have no duty, in any circumstances, to attempt to
open an estate on behalf of the Executive, to determine whether any beneficiary
designated by the Executive is alive or to ascertain the address of any such beneficiary,
to determine the existence of any trust, to determine whether any person or entity
purporting to act as the Executive’s personal representative (or the trustee of a
trust established by the Executive) is duly authorized to act in that capacity, or to
locate or attempt to locate any beneficiary, personal representative, or trustee.  

    
    
    (a)           Termination
by the Executive for Good Reason. If the Executive terminates           this
Agreement for good reason, the Employer will pay the Executive the           Executive’s
Salary in periodic installments according to the           Employer’s customary
payroll practices until six months after the date such           termination is
effective.  

    
    
    (b)           Termination
by the Employer for Cause. If the Employer terminates this           Agreement for
cause, the Executive will be entitled to receive his Salary only           through the
date such termination is effective.  

    
        (c)           Termination
upon Disability. If this Agreement is terminated by either           party as a
result of the Executive’s disability, as determined under Section 6.2, the
Employer will pay the Executive the Executive’s           Salary in periodic
installments according to the Employer’s customary           payroll practices until
six months after the date such termination is effective.  

    
    
    (d)           Termination
upon Death. If this Agreement is terminated because of the           Executive’s
death, the Executive will be entitled to receive the           Executive’s Salary in
periodic installments according to the           Employer’s customary payroll
practices until six months after the date such           termination is effective.  

    
    
    (e)           Termination
Upon Notice by the Board of Directors. If the Board of           Directors provides
notice of termination of this Agreement which is not for           cause, then the
Employer will pay the Executive the Executive’s Salary in           periodic
installments according to the Employer’s customary payroll           practices until
six months after the date such termination is effective.  

    
    
    (f)           Benefits.
The Executive’s accrual of, or participation in plans           providing for, the
Benefits will cease at the effective date of the termination           of this Agreement,
and the Executive will be entitled to accrued Benefits           pursuant to such plans
only as provided in such plans; provided, that, if this           Agreement is terminated
pursuant to Sections 6.1(a), (c) or (e), then the Executive will be
entitled to continue to receive his           Benefits until six months after the date
such termination is effective. The           Executive will receive, as part of his
termination pay pursuant to this           Section 6, compensation for any unused
vacation pay on the date the notice           of termination is given under this
Agreement.  

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7.     NON-DISCLOSURE
COVENANT; EMPLOYEE INVENTIONS  

    
    7.1        Acknowledgments
by the Executive. The Executive acknowledges that (a) during the Employment Period
and as a part of his employment, the Executive will be afforded access to Confidential
Information; (b) public disclosure of such Confidential Information could have an adverse
effect on the Employer and its business; (c) because the Executive possesses substantial
technical expertise and skill with respect to the Employer’s business, the Employer
desires to obtain exclusive ownership of each Employee Invention, and the Employer will
be at a substantial competitive disadvantage if it fails to acquire exclusive ownership
of each Employee Invention; and (d) the provisions of this Section 7 are
reasonable and necessary to prevent the improper use or disclosure of Confidential
Information and to provide the Employer with exclusive ownership of all Employee
Inventions.  

    
    7.2        Agreements
of the Executive. In consideration of the compensation and benefits to be paid or
provided to the Executive by the Employer under this Agreement, the Executive covenants
as follows:  

	 	(a) 	Confidentiality.  

    
                    (i)       During
and following the Employment Period, the Executive will hold in           confidence the
Confidential Information and will not disclose it to any person           except with the
specific prior written consent of the Employer or except as           otherwise expressly
permitted by the terms of this Agreement.  

    
                    (ii)       Any
trade secrets of the Employer will be entitled to all of the protections and
          benefits under the Colorado Trade Secrets Act, as in effect on the date hereof,
          and as amended from time to time, and any other applicable law. If any
          information that the Employer deems to be a trade secret is found by a court of
          competent jurisdiction not to be a trade secret for purposes of this Agreement,
          such information will, nevertheless, be considered Confidential Information for
          purposes of this Agreement. The Executive hereby waives any requirement that
the           Employer submit proof of the economic value of any trade secret or post a
bond           or other security.  

    
                    (iii)       None
of the foregoing obligations and restrictions applies to any part of the
          Confidential Information that the Executive demonstrates was or became
generally           available to the public other than as a result of a disclosure by the
Executive.  

    
                    (iv)       The
Executive will not remove from the Employer’s premises (except to the
          extent such removal is for purposes of the performance of the Executive’s
          duties at home or while traveling, or except as otherwise specifically
          authorized by the Employer) any document, record, notebook, plan, model,
          component, device, or computer software or code, whether embodied in a disk or
          in any other form (collectively, the “Proprietary Items”). The
          Executive recognizes that, as between the Employer and the Executive, all of
the           Proprietary Items, whether or not developed by the Executive, are the
exclusive           property of the Employer. Upon termination of this Agreement by
either party, or           upon the request of the Employer during the Employment Period,
the Executive           will return to the Employer all of the Proprietary Items in the
Executive’s           possession or subject to the Executive’s control, and the
Executive shall           not retain any copies, abstracts, sketches, or other physical
embodiment of any           of the Proprietary Items.  

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        (b)       Employee
Inventions. Until this Agreement is terminated, each Employee           Invention
will belong exclusively to the Employer. The Executive acknowledges           that the
Executive’s writing, works of authorship, and other Employee           Inventions
are works made for hire and the property of the Employer, including           any
copyrights, patents, or other intellectual property rights pertaining           thereto.
The Executive covenants that he will promptly:  

    
                    (i)       disclose
to the Employer in writing any Employee Invention;  

    
                    (ii)       assign
to the Employer or to a party designated by the Employer, at the           Employer’s
request and without additional compensation, all of the           Executive’s right
to the Employee Invention for the United States and all           foreign jurisdictions;  

    
                    (iii)       execute
and deliver to the Employer such applications, assignments, and other           documents
as the Employer may request in order to apply for and obtain patents           or other
registrations with respect to any Employee Invention in the United           States and
any foreign jurisdictions;  

    
                    (iv)       sign
all other papers necessary to carry out the above obligations; and  

    
                    (v)       give
testimony and render any other assistance, without expense to the           Executive, in
support of the Employer’s rights to any Employee Invention.  

    
    7.3        Disputes
or Controversies. The Executive recognizes that should a dispute or controversy
arising from or relating to this Agreement be submitted for adjudication to any court,
arbitration panel, or other third party, the preservation of the secrecy of Confidential
Information may be jeopardized. All pleadings, documents, testimony, and records relating
to any such adjudication will be maintained in secrecy and will be available for
inspection by the Employer, the Executive, and their respective attorneys and experts,
who will agree, in advance and in writing, to receive and maintain all such information
in secrecy, except as may be limited by them in writing.  

8.     NON-COMPETITION
AND NON-INTERFERENCE  

    
    8.1        Acknowledgments
by the Executive. The Executive acknowledges that: (a) the services to be performed
by him under this Agreement are of a special, unique, unusual, extraordinary, and
intellectual character; (b) the Employer’s business is expected to be international
in scope and its products are expected to be marketed throughout the world; (c) the
Employer competes with other businesses that are or could be located in any part of the
world; and (d) the provisions of this Section 8 are reasonable and necessary
to protect the Employer’s business.  

    
    8.2        Covenants
of the Executive. In consideration of the acknowledgments by the Executive, and in
consideration of the compensation and benefits to be paid or provided to the Executive by
the Employer, the Executive covenants that he will not, directly or indirectly:  

    
        (a)                     during
the Employment Period, except in the course of his employment hereunder,           and
during the Post-Employment Period, engage or invest in, own, manage,           operate,
finance, control, or participate in the ownership, management,           operation,
financing, or control of, be employed by, associated with, or in any           manner
connected with, lend the Executive’s name or any similar name to,           lend
Executive’s credit to or render services or advice to, any business           whose
products or activities compete in whole or in part with the products or
          activities of the Employer anywhere in the world; provided, however,
that the Executive may purchase or otherwise acquire up to (but           not more than)
one percent of any class of securities of any enterprise (but           without otherwise
participating in the activities of such enterprise) if such           securities are
listed on any national or regional securities exchange or have           been registered
under Section 12(g) of the Securities Exchange Act of 1934;  

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        (b)                     whether
for the Executive’s own account or for the account of any other           person, at
any time during the Employment Period and the Post-Employment Period,           solicit
business of the same or similar type being carried on by the Employer,           from any
person known by the Executive to be a customer of the Employer, whether           or not
the Executive had personal contact with such person during and by reason           of the
Executive’s employment with the Employer;  

    
        (c)                     whether
for the Executive’s own account or the account of any other person           (i) at
any time during the Employment Period and the Post-Employment           Period, solicit,
employ, or otherwise engage as an employee, independent           contractor, or
otherwise, any person who is or was an employee of the Employer           at any time
during the Employment Period or in any manner induce or attempt to           induce any
employee of the Employer to terminate his employment with the           Employer; or (ii) at
any time during the Employment Period and for one           years thereafter, interfere
with the Employer’s relationship with any           person, including any person who
at any time during the Employment Period was an           employee, contractor, supplier,
or customer of the Employer; or  

    
        (d)                     at
any time during or after the Employment Period, disparage the Employer or any
          of its shareholders, directors, officers, employees, or agents.  

        For
purposes of Section 8.2(a), (b) and (d), the term “Post-Employment
Period” means the 12-month period beginning on the date of termination of the
Executive’s employment with the Employer. For purposes of Section 8.2(c),
“Post-Employment Period” means the six-month period beginning on the date of
termination of the Executive’s employment with the Employer. 

        If
any covenant in this Section 8.2 is held to be unreasonable, arbitrary, or against
public policy, such covenant will be considered to be divisible with respect to scope,
time, and geographic area, and such lesser scope, time, or geographic area, or all of
them, as a court of competent jurisdiction may determine to be reasonable, not arbitrary,
and not against public policy, will be effective, binding, and enforceable against the
Executive. 

        The
period of time applicable to any covenant in this Section 8.2 will be extended by
the duration of any violation by the Executive of such covenant. 

        The
Executive will, while the covenant under this Section 8.2 is in effect, give notice
to the Employer, within 10 days after accepting any other employment, of the identity of
the Executive’s employer. The Employer may notify such employer that the Executive is
bound by this Agreement and, at the Employer’s election, furnish such employer with a
copy of this Agreement or relevant portions thereof. 

9.     GENERAL
PROVISIONS  

    
    9.1        Injunctive
Relief and Additional Remedy. The Executive acknowledges that the injury that would
be suffered by the Employer as a result of a breach of the provisions of this Agreement
(including any provision of Sections 7 and 8) would be irreparable and
that an award of monetary damages to the Employer for such a breach would be an
inadequate remedy. Consequently, the Employer will have the right, in addition to any
other rights it may have, to obtain injunctive relief to restrain any breach or
threatened breach or otherwise to specifically enforce any provision of this Agreement,
and the Employer will not be obligated to post bond or other security in seeking such
relief. Without limiting the Employer’s rights under this Section 9 or
any other remedies of the Employer, if the Executive breaches any of the provisions of Section 7 or
8, the Employer will have the right to cease making any payments otherwise due to
the Executive under this Agreement.  

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    9.2        Covenants
of Sections 7 and 8 Are Essential and Independent Covenants. The covenants by
the Executive in Sections 7 and 8 are essential elements of this
Agreement, and without the Executive’s agreement to comply with such covenants, the
Employer would not have entered into this Agreement or employed or continued the
employment of the Executive. The Employer and the Executive have independently consulted
their respective counsel and have been advised in all respects concerning the
reasonableness and propriety of such covenants, with specific regard to the nature of the
business conducted by the Employer.  

        The
Executive’s covenants in Sections 7 and 8 are independent
covenants and the existence of any claim by the Executive against the Employer under this
Agreement or otherwise, will not excuse the Executive’s breach of any covenant in
Section 7 or 8. 

        If
the Executive’s employment hereunder expires or is terminated, this Agreement will
continue in full force and effect as is necessary or appropriate to enforce the covenants
and agreements of the Executive in Sections 7 and 8. 

    
    9.3        Offset.
The Employer will be entitled to offset against any and all amounts owing to the
Executive under this Agreement the amount of any and all claims that Employer may have
against the Executive.  

    
    9.4        Representations
and Warranties by the Executive. The Executive represents and warrants to the
Employer that the execution and delivery by the Executive of this Agreement do not, and
the performance by the Executive of the Executive’s obligations hereunder will not,
with or without the giving of notice or the passage of time, or both: (a) violate any
judgment, writ, injunction, or order of any court, arbitrator, or governmental agency
applicable to the Executive; or (b) conflict with, result in the breach of any provisions
of or the termination of, or constitute a default under, any agreement to which the
Executive is a party or by which the Executive is or may be bound.  

    
    9.5        Waiver.
The rights and remedies of the parties to this Agreement are cumulative and not
alternative. Neither the failure nor any delay by either party in exercising any right,
power, or privilege under this Agreement will operate as a waiver of such right, power,
or privilege, and no single or partial exercise of any such right, power, or privilege
will preclude any other or further exercise of such right, power, or privilege or the
exercise of any other right, power, or privilege. To the maximum extent permitted by
applicable law, (a) no claim or right arising out of this Agreement can be discharged by
one party, in whole or in part, by a waiver or renunciation of the claim or right unless
in writing signed by the other party; (b) no waiver that may be given by a party will be
applicable except in the specific instance for which it is given; and (c) no notice to or
demand on one party will be deemed to be a waiver of any obligation of such party or of
the right of the party giving such notice or demand to take further action without notice
or demand as provided in this Agreement.  

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    9.6        Binding
Effect; Delegation of Duties Prohibited. This Agreement shall inure to the benefit
of, and shall be binding upon, the parties hereto and their respective successors,
assigns, heirs, and legal representatives, including any entity with which the Employer
may merge or consolidate or to which all or substantially all of its assets may be
transferred. The duties and covenants of the Executive under this Agreement, being
personal, may not be delegated.  

    
    9.7        Notices.
All notices, consents, waivers, and other communications under this Agreement must be in
writing and will be deemed to have been duly given when (a) delivered by hand (with
written confirmation of receipt), (b) sent by facsimile (with written confirmation of
receipt), provided that a copy is mailed by registered mail, return receipt requested, or
(c) when received by the addressee, if sent by a nationally recognized overnight delivery
service (receipt requested), in each case to the appropriate addresses and facsimile
numbers set forth below (or to such other addresses and facsimile numbers as a party may
designate by notice to the other parties):  

	 	         If to Employer:  	
          Security With Advanced Technology, Inc.

                                    10855 Dover St., Suite 1000

                                    Westminster, CO  80021

                                    Fax: (303) 439-0414 

	 	         If the Executive:  	to
      Eric P. Wernaas  
                                   C/o: PepperBall
Technologies, Inc.           
                          6142 Nancy Ridge Drive, Suite 101

                                    San Diego, CA 92121 

    
    9.8        Entire
Agreement; Amendments. This Agreement contains the entire agreement between the
parties with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral or written, between the parties hereto with respect to the subject
matter hereof, including the Current Agreement. This Agreement may not be amended orally,
but only by an agreement in writing signed by the parties hereto.  

    
    9.9        Governing
Law. This Agreement will be governed by the laws of the State of Colorado without
regard to conflicts of laws principles.  

    
    9.10        Jurisdiction.
Any action or proceeding seeking to enforce any provision of, or based on any right
arising out of, this Agreement may be brought against either of the parties in the courts
of the State of Colorado, County of Denver or, if it has or can acquire jurisdiction, in
the United States District Court located in Denver, Colorado, and each of the parties
consents to the jurisdiction of such courts (and of the appropriate appellate courts) in
any such action or proceeding and waives any objection to venue laid therein. Process in
any action or proceeding referred to in the preceding sentence may be served on either
party anywhere in the world.  

10 

    
    9.11        Section
Headings, Construction. The headings of Sections in this Agreement are provided for
convenience only and will not affect its construction or interpretation. All references
to “Section” or “Sections” refer to the corresponding Section or
Sections of this Agreement un- less otherwise specified. All words used in this Agreement
will be construed to be of such gender or number, as the circumstances require. Unless
otherwise expressly provided, the word “including” does not limit the preceding
words or terms.  

    
    9.12        Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Agreement will remain in full force
and effect. Any provision of this Agreement held invalid or unenforceable only in part or
degree will remain in full force and effect to the extent not held invalid or
unenforceable.  

    
    9.13        Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed
to be an original copy of this Agreement and all of which, when taken together, will be
deemed to constitute one and the same agreement.  

    
    9.14        Waiver
of Jury Trial. THE PARTIES HERETO HEREBY WAIVE A JURY TRIAL IN ANY LITIGATION
WITH RESPECT TO THIS AGREEMENT.  

        IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date
above first written above. 

		
		EMPLOYER:

SECURITY WITH ADVANCED TECHNOLOGY, INC.

By: /s/ Greg Pusey

Name: Greg Pusey

Title: Chairman

EXECUTIVE:

/s/ Eric P. Wenaas

Eric P. Wenaas 

11Exhibit 10.1 

AMENDED AND RESTATED
INTELLECTUAL PROPERTY PURCHASE AGREEMENT 

        This
AMENDED AND RESTATED INTELLECTUAL PROPERTY PURCHASE AGREEMENT is entered into effective
the 17th day of July 2008 (this “Agreement”), by and between Almadoro Minerals
Corp., a Nevada corporation (the “Company”) and Michael Stemple, an individual
(the “Seller”). 

RECITALS 

        WHEREAS,
the Company desires to purchase certain intellectual property assets of the Seller and the
Seller desires to sell such assets to the Company on the terms and conditions set forth in
this Agreement. 

        NOW,
THEREFORE, in consideration of the premises and the mutual promises herein made, and in
consideration of the representations, warranties, and covenants herein contained and for
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound, agree as follows: 

	1. 	Purchase
and Sale  

        Assets
to Be Transferred. On the terms and subject to the conditions set forth in this
Agreement, the Seller hereby sells, assigns, transfers, conveys and delivers to the
Company, and the Company hereby purchases and assumes from the Seller, free and clear of
all liens, claims and encumbrances, all of the Seller’s right, title and interest in
and to all of the Intellectual Property set forth on Schedule A to this Agreement (the
“Purchased Assets”). 

        Purchase
Price. The Purchase Price shall be paid by the Company to Seller simultaneous with the
execution hereof by wire transfer of immediately available funds. The “Purchase
Price” shall be a cash payment in the aggregate amount of five thousand dollars
($5,000). 

        Not
Applicable.  

        1.4  
Closing.    Subject to the terms and conditions of this Agreement, the sale and
purchase of the Purchased Assets and the assumption of the Assumed Liabilities
contemplated by this Agreement shall take place at a closing (the “Closing”) to
be held at the offices of Schlueter & Associates, P.C., 1050 17th Street,
Suite 1750, Denver, Colorado 80265 (or such other place as the Seller and Company may
agree), at 10:00 a.m., Denver, Colorado time, on the date hereof (the “Closing
Date”). 

	2. 	Representations
and Warranties of the Company  

        The
Company represents and warrants to the Seller as of the date hereof, that: 

        2.1
  Organization
and Qualification.   The Company is a corporation duly incorporated or otherwise
organized, validly existing and in good standing under the laws of the state of Nevada,
with the requisite power and authority to own and use its properties and assets and to
carry on its business as currently conducted. The Company is not in violation of any of
the provisions of its articles of incorporation or bylaws. 

        2.2  
Authorization; Enforcement.   The Company has the requisite corporate power and
authority to conduct its business as it is currently being conducted. The execution and
delivery of this Agreement and the consummation by it of the transactions contemplated
hereby require no further consent or action by the Company. 

        2.3  
No Conflicts.   The execution, delivery and performance of this Agreement by the
Company and the consummation by the Company does not and will not: (i) conflict with or
violate any provision of the Company’s articles of incorporation or bylaws, or (ii)
conflict with, or constitute a default (or an event that with notice or lapse of time or
both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation (with or without notice, lapse of time or both) of
any agreement, credit facility, debt or other instrument (evidencing a Company debt or
otherwise) or other understanding to which the Company is a party or by which any property
or asset of the Company is bound or affected, or (iii) will not result in a violation of
any law, rule, regulation, order, judgment, injunction, decree or other restriction of any
court or governmental authority as currently in effect to which the Company is subject
(including federal and state securities laws and regulations), or by which any property or
asset of the Company is bound or affected. 

        2.4  
Filings, Consents and Approvals.   The Company is not required to obtain any consent,
waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority or other
person in connection with the execution, delivery and performance by the Company of this
Agreement. 

        
2.5  
Independent Investigation.  

         
          (a)       
          The Company is an informed and sophisticated participant in the transactions
          contemplated hereby. The Company acknowledges that the Seller makes no
          representation or warranty as to the value of or revenues obtainable from
          ownership of the Purchased Assets. 

         
          (b)       
          The Company acknowledges that it and its representatives and agents have been
          permitted full and complete access to the Purchased Assets and any and all
          information the Company and its representatives and agents have desired or
          requested to see and/or review, and that the Company and its representatives and
          agents have had a full opportunity to meet with or discuss via telephone with
          the Seller to discuss the Purchased Assets and Assumed Liabilities. 

        2.6  
Brokers.   The Company has not incurred, not will the Company incur directly or
indirectly, any liability for brokerage or finders’ fees or agents’ commissions
or any similar charges in connection with this Agreement or any transaction contemplated
hereby. 

	3. 	Representations
and Warranties of the Seller  

        The
Seller represents and warrants to the Company as of the date hereof, that: 

        3.1  
 Authorization.  
This Agreement has been duly executed by Seller, and when delivered by Seller in
accordance with the terms hereof, will constitute the valid and legally binding obligation
of Seller, enforceable against him in accordance with its terms, except (i) as limited by
general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’
rights generally, (ii) as limited by laws relating to the availability of specific
performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law. 

        3.2  
Authorization; Enforcement.   The execution and delivery of this Agreement and
the consummation by it of the transactions contemplated hereby require no further
consent or action by the Seller.  

        3.3  
No Conflicts.   The execution, delivery and performance of this Agreement by the
Seller and the consummation by the Seller does not and will not: (i) conflict with, or
constitute a default (or an event that with notice or lapse of time or both would become a
default) under, or give to others any rights of termination, amendment, acceleration or
cancellation (with or without notice, lapse of time or both) of any agreement, credit
facility, debt or other instrument (evidencing a Seller debt or otherwise) or other
understanding to which the Seller is a party or by which any property or asset of the
Seller is bound or affected, or (ii) will not result in a violation of any law, rule,
regulation, order, judgment, injunction, decree or other restriction of any court or
governmental authority as currently in effect to which the Seller is subject (including
federal and state securities laws and regulations), or by which any property or asset of
the Seller is bound or affected. 

        3.4  
Filings, Consents and Approvals.   The Seller is not required to obtain any consent,
waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority or other
person in connection with the execution, delivery and performance by the Seller of this
Agreement. 

        3.5  
Brokers.   The Seller has not incurred, not will the Seller incur directly or
indirectly, any liability for brokerage or finders’ fees or agents’ commissions
or any similar charges in connection with this Agreement or any transaction contemplated
hereby. 

        3.6  
Purchased Assets.  

          		    (a)       
               Exhibit A is an accurate and complete list of the Purchased Assets. Seller owns
               and possesses all right, title and interest in the Purchased Assets (free and
               clear of any lien, claim, encumbrance, security interest, license, or other
               restriction). No written claim by any third party contesting the validity,
               enforceability, use or ownership of any of the Purchased Assets has been made
               against Seller or, to the knowledge of Seller, is threatened. The Purchased
               Assets contains no trade secret or confidential information misappropriated from
               a third party. To the knowledge of Seller, Seller has not infringed upon,
               misappropriated, or otherwise come into conflict with any patent intellectual
               property rights of third parties. Seller has not received any charge, complaint,
               claim, demand or notice alleging any such interference, infringement,
               misappropriation or violation (including any claim that the Seller must license
               or refrain from using any intellectual property rights of any third party
               relating to the Purchased Assets). To the knowledge of the Seller, no third
               party has interfered with, infringed upon, misappropriated or otherwise come
               into conflict with any intellectual property rights of the Purchased Assets. 

               

          		    (b)       
               With respect to each item of Intellectual Property included in the Purchased
               Assets: 

               

         
          
          
          (i)       
          each item is free from any outstanding injunction, judgment, order, decree,
          ruling or charge; 

    
          
          
          (ii)        no
action, suit, proceeding, hearing, investigation, charge, complaint, claim or
          demand is pending or, to the knowledge of the Seller is threatened which
          challenges the legality, validity, enforceability, use or ownership of the
item;           and  

         
          
          
          (iii)       
          there is no currently enforceable agreement by Seller to indemnify any customer
          for or against any interference, infringement or misappropriation of any third
          party’s intellectual property. 

	4. 	Covenants
and Agreements  

        4.1  
Expenses.   Except as otherwise specifically provided herein, the Company on the one
hand and Seller on the other hand shall bear their respective fees, costs and expenses
incurred in connection with the preparation, execution and performance of this Agreement
and all related documents contemplated hereby and the transactions contemplated hereby and
thereby, including all fees and expenses of their representatives and Agents. 

        4.2  
Public Announcements.   Any press release, public announcement or similar publicity
by the Parties with respect to this Agreement shall be subject to the prior consent of the
other Party, which consent shall not be unreasonably withheld, unless such communication
is required to be made by law or pursuant to the rules and regulations of the Securities
and Exchange Commission or an equivalent agency. 

        4.3  
Further Action.   Each party, at the request of the other party, shall execute such
documents and take such further actions as may be reasonably required to carry out the
provisions hereof and give effect to the transactions contemplated hereby. From time to
time after the Closing, the Company shall prepare all documents and the Company and Seller
shall take all actions reasonably necessary to further the sale and assignment of the
Purchased Assets to the Company hereunder. 

        4.4  
Survival of the Representations and Warranties.   The representations and warranties
and covenants set forth in Sections 2, 3 and 4 of this Agreement shall survive the Closing
until the expiration of twenty-four (24)months from the Closing Date. No claim for
indemnity with respect to breaches of representations and warranties may be brought by any
party hereto, other than a claim for fraud or intentional misrepresentation, after
expiration of the applicable survival period therefore as set forth in this Section 4.4. 

        4.5  
Investigation.   The representations, warranties, covenants and agreements set forth
in this Agreement shall not be affected or diminished in any way by any investigation (or
failure to investigate) at any time by or on behalf of the party for whose benefit such
representations, warranties, covenants and agreements were made. All statements contained
herein or in any schedule, certificate, exhibit, list or other document required to be
delivered pursuant hereto, shall be deemed to be representations and warranties for
purposes of this Agreement; provided, that any knowledge or materiality qualifications
contained herein shall be applicable to such other documents. 

        4.6  
Full Access and Information; Confidentiality.   Seller has given to the Company and
its representatives full access to Seller’s properties, books, records, contracts and
commitments (collectively the “Records”) relating to the Purchased Assets, as
the Company has reasonably requested, and the Company has furnished to Seller and its
representatives all such information and documents relating to the Company as Seller
reasonably requested. Except as provided for herein, each of the Parties will treat, and
will cause its representatives to treat, all information that they received in connection
with the transaction contemplated herein, if not in the public domain, as confidential. 

        4.7  
Indemnification by the Seller.  From and after the Closing Date, the Seller shall
indemnify, defend and hold harmless the Company from and against any Losses incurred or
suffered as a result of or arising from: 

          		    (a)       
               any breach of the representations or warranties of the Seller set forth in
               Article 3; or 

               

          		    (b)       
               the breach of any covenant, agreement or other obligation of the Seller set
               forth in this Agreement. 

               

        4.8  
Indemnification by the Company  

		    (a)                             From
and after the Closing Date, the Company shall indemnify, defend and hold
               harmless the Seller from and against any Losses incurred or suffered as a
result                of or arising from:  

		    (i)                                   any
breach in any representation or warranty of the Company set forth in           Article 2;
or  

		    (ii)                                   the
breach of any covenant, agreement or other obligation of the Company set           forth
in this Agreement.  

		    (b)                             From
and after the Closing Date, the Company shall indemnify, defend and hold
               harmless the Seller from and against any Losses incurred or suffered as a
result                of or arising from the Assumed Liabilities.  

        4.9  
Indemnity Procedure.   A party or parties hereto agreeing to be responsible for or to
indemnify against any matter pursuant to this Agreement is referred to herein as the
“Indemnifying Party” and the other party or parties claiming indemnity is
referred to as the “Indemnified Party”. 

		    (i)                             An
Indemnified Party under this Agreement shall, with respect to claims asserted
               against such party by any third party, give written notice to the
Indemnifying                Party of any liability which might give rise to a claim for
indemnity under this                Agreement within thirty (30) calendar days of the
receipt of any written claim                from any such third party, but not later than
twenty (20) days prior to the date                any answer or responsive pleading is
due, and with respect to other matters for                which the Indemnified Party may
seek indemnification, give prompt written notice                to the Indemnifying Party
of any liability which might give rise to a claim for                indemnity; provided,
however, that any failure to give such notice will not                waive any rights of
the Indemnified Party except to the extent the rights of the                Indemnifying
Party are materially prejudiced.  

		    (ii)                             The
Indemnifying Party shall have the right, at its election, to take over the
               defense or settlement of such claim by giving written notice to the
Indemnified                Party at least fifteen (15) days prior to the time when an
answer or other                responsive pleading or notice with respect thereto is
required. If the                Indemnifying Party makes such election, it may conduct
the defense of such claim                through counsel of its choosing (subject to the
Indemnified Party’s                approval of such counsel, which approval shall
not be unreasonably withheld),                shall be solely responsible for the
expenses of such defense and shall be bound                by the results of its defense
or settlement of the claim. The Indemnifying Party                shall not settle any
such claim without prior notice to and consultation with                the Indemnified
Party, and no such settlement involving any equitable relief or                which
might have an adverse effect on the Indemnified Party may be agreed to
               without the written consent of the Indemnified Party (which consent shall
not be                unreasonably withheld). So long as the Indemnifying Party is
diligently                contesting any such claim in good faith, the Indemnified Party
may pay or settle                such claim only at its own expense and the Indemnifying
Party will not be                responsible for the fees of separate legal counsel to
the Indemnified Party,                unless the named parties to any proceeding include
both parties and                representation of both parties by the same counsel would
be inappropriate. If                the Indemnifying Party does not make such election,
or having made such election                does not, in the reasonable opinion of the
Indemnified Party proceed diligently                to defend such claim, then the
Indemnified Party may (after written notice to                the Indemnifying Party), at
the expense of the Indemnifying Party, elect to take                over the defense of
and proceed to handle such claim in its discretion and the                Indemnifying
Party shall be bound by any defense or settlement that the                Indemnified
Party may make in good faith with respect to such claim. In                connection
therewith, the Indemnifying Party will fully cooperate with the
               Indemnified Party should the Indemnified Party elect to take over the
defense of                any such claim.  

		    (iii)                             The
parties agree to cooperate in defending such third party claims and the
               Indemnified Party shall provide such cooperation and such access to its
books,                records and properties as the Indemnifying Party shall reasonably
request with                respect to any matter for which indemnification is sought
hereunder; and the                parties hereto agree to cooperate with each other in
order to ensure the proper                and adequate defense thereof.  

		    (iv)                             With
regard to claims of third parties for which indemnification is payable
               hereunder, such indemnification shall be paid by the Indemnifying Party
upon the                earlier to occur of: (i) the entry of a judgment against the
Indemnified Party                and the expiration of any applicable appeal period, or
if earlier, five (5) days                prior to the date that the judgment creditor has
the right to execute the                judgment; (ii) the entry of an unappealable
judgment or final appellate decision                against the Indemnified Party; or
(iii) a settlement of the claim.                Notwithstanding the foregoing, provided
that there is no dispute as to the                applicability of indemnification, the
reasonable expenses of counsel to the                Indemnified Party shall be
reimbursed on a current basis by the Indemnifying                Party if such expenses
are a liability of the Indemnifying Party. With regard to                other claims for
which indemnification is payable hereunder, such                indemnification shall be
paid promptly by the Indemnifying Party upon demand by                the Indemnified
Party.  

	6.	          Miscellaneous.  

        6.1  
Entire Agreement.   This Agreement, together with the exhibits attached hereto,
contain every obligation and understanding between the parties relating to the subject
matter hereof and merges all prior discussions, negotiations, agreements and
understandings, both written and oral, if any, between them, and none of the parties shall
be bound by any conditions, definitions, understandings, warranties or representations
other than as expressly provided or referred to herein. 

        6.2  
Notices.   Any notice or other communication or deliveries under this Agreement shall
be in writing and delivered personally or sent by certified mail, return receipt
requested, postage prepaid, or sent by prepaid overnight courier to the parties. Any
notices sent to the parties shall be at the addresses below: 

	 	
If
to the Seller at: 

	 	
Michael
Stemple          
14405 W. Colfax Ave., Suite 104          
Lakewood, Colorado 80403 

	 	
If
to the Company at: 

	 	
Almadoro
Minerals Corp.          
9620 Williams Road          
Richmond          
British Columbia,
Canada V7A IH2 

        6.3  
Waivers and Amendments.   This Agreement may be amended, superseded, canceled,
renewed or extended, and the terms hereof may be waived, only by a written instrument
signed by the Company and the Seller or, in the case of a waiver, by the party waiving
compliance. No delay on the part of any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any party
of any such right, power or privilege, nor any single or partial exercise of any such
right, power or privilege, preclude any further exercise thereof or the exercise of any
other such right, power or privilege. 

        6.4  
Governing Law/Venue.   All questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by and construed and
enforced in accordance with the internal laws of the State of Nevada, without regard to
the principles of conflicts of law thereof. Each party agrees that all legal proceedings
concerning the interpretations, enforcement and defense of the transactions contemplated
by this Agreement (whether brought against a party hereto or its respective affiliates,
directors, officers, shareholders, employees or agents) shall be commenced exclusively in
the state and federal courts in Denver, Colorado. Each party hereby irrevocably submits to
the exclusive jurisdiction of the state and federal courts in Denver, Colorado, for the
adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to
assert in any suit, action or proceeding, any claim that it is not personally subject to
the jurisdiction of any such court, that such suit, action or proceeding is improper or
inconvenient venue for such proceeding. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or
proceeding by mailing a copy thereof via registered or certified mail or overnight
delivery (with evidence of delivery) to such party at the address in effect for notices to
it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any manner permitted by law. The parties hereby
waive all rights to a trial by jury. 

        6.5  
Construction.   The headings herein are for convenience only, do not constitute a
part of this Agreement and shall not be deemed to limit or affect any of the provisions
hereof. 

        6.6  
Successors and Assigns.   This Agreement shall be binding upon and inure to the
benefit of the parties and their respective successors, heirs, personal representatives,
legal representatives, and permitted assigns. 

        6.7  
No Third-Party Beneficiaries.   This Agreement is intended for the benefit of the
parties hereto and their respective successors and permitted assigns and is not for the
benefit of, nor may any provision hereof be enforced by, any other person or entity. 

        6.8  
Counterparts.   This Agreement may be executed in several counterparts and shall
constitute one Agreement, binding on all parties hereto, notwithstanding that all parties
are not signatory as to other original or the same counterpart. Facsimile signatures are
acceptable. 

        6.9  
Severability.   If any provision of this Agreement is held to be invalid or
unenforceable in any respect, the validity and enforceability of the remaining terms and
provisions of this Agreement shall not in any way be affected or impaired thereby and the
parties will attempt to agree upon a valid and enforceable provision that is a reasonable
substitute therefor, and upon so agreeing, shall incorporate such substitute provision in
this Agreement. 

[REMAINDER OF THIS PAGE
LEFT BLANK INTENTIONALLY] 

        IN
WITNESS WHEREOF, the Company and Seller have duly executed this Agreement, all as of
the date first written above. 

		
		SELLER:

Michael Stemple

/s/ Michael Stemple

Michael Stemple, an individual

THE COMPANY:

ALMADORO MINERALS CORP.

/s/ Michael Stemple

Michael Stemple, President

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