Document:

EXHIBIT
        10.1

       

    

    INTELLI-CHECK –
      MOBILISA, INC.

     

    DIRECTOR
      AGREEMENT

     

    This
      Agreement (this “Agreement”) is made as of March 14, 2008 by and among
      Intelli-Check – Mobilisa, Inc., a Delaware corporation (the “Company”), and each
      of the individuals signatory hereto (each a “Director” and collectively, the
“Directors”).

     

    WITNESSETH:

     

    WHEREAS,
      this Agreement is made pursuant to the Merger Agreement, dated November 20,
      2007, by and among the Company, Intelli-Check Merger Sub, Inc., a Washington
      corporation, Mobilisa, Inc., a Washington corporation, and certain common
      shareholders of Mobilisa, Inc. (“Mobilisa” and the Merger Agreement, the “Merger
      Agreement”).

     

    WHEREAS,
      pursuant
      to the Merger Agreement, the parties hereto wish to provide for:
      (i)
      the orderly appointment of the Company’s board of directors (the “Board”)
      immediately after the Effective Time (as such term is defined in the Merger
      Agreement); (ii) the orderly naming of individuals to the slate of directors
      presented to the Company’s stockholders for election; and (iii) the orderly
      appointment of certain of the Company’s officers (any such appointment of
      directors and officers, the “Appointments”).

    

    WHEREAS, it
      is a
      condition of the Merger Agreement that each of the Voting Parties enter a voting
      agreement with the Company in the form of this Agreement.

     

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      herein, the receipt and sufficiency of which are hereby acknowledged, the
      parties hereto agree as follows:

     

    AGREEMENT

     

    1. Terms. 
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Merger Agreement shall have the meanings given to such terms in the Merger
      Agreement.

     

    2. Covenants.
      During
      the term of this Agreement, to the extent he or she is entitled under the
      Company’s Certificate of Incorporation and the Delaware General Corporation Law,
      each Director agrees to use his or her best efforts to take, or cause to be
      taken, all actions and to do, or cause to be done, all things necessary or
      desirable to implement the Appointments contemplated by this Agreement. Neither
      the Company nor any Director will, by any voluntary action, avoid or seek to
      avoid the observance or performance of any of the terms to be performed
      hereunder by the Company or any such Director, as applicable, but will at all
      times in good faith assist in the carrying out of all of the provisions of
      this
      Agreement and in the taking of all such actions as may be necessary or
      appropriate in order to protect the rights of each Director hereunder against
      impairment.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3. Board
      of Directors.

     

    3.1 Composition
      of the Board.
      

     

    (i) Immediately
      after the Effective Time, the Company’s Board shall be composed of eight (8)
      directors, four (4) of whom shall be appointed by the Board prior to the
      Effective Time (the “Intelli-Check Directors”) and four (4) of whom shall be
      appointed by Mobilisa’s board of directors prior to the Effective Time (the
“Mobilisa Directors”). 

     

    (ii) The
      initial Intelli-Check Directors and the initial Mobilisa Directors shall
      be:  

    

    
      	
              Intelli-Check
                Directors

            	 	
              Mobilisa
                Directors

            
	
               

              Jeffrey
                Levy

            	 	
               

              Nelson
                Ludlow

            
	
               

              John
                E. Maxwell

            	 	
               

              Bonnie
                Ludlow

            
	
               

              Arthur
                L. Money

            	 	
               

              John
                Paxton

            
	
                  

              Guy
                L. Smith

            	 	
               

              Emil
                Bedard

            

    

     

    3.2 For
      a
      period of not less than one (1) year after the date hereof and subject to the
      Company’s Certificate of Incorporation and the Delaware General Corporation Law,
      each Director agrees:

     

    (i) In
      connection with each annual or special meeting of stockholders where the Board
      is to be elected, the Intelli-Check Directors shall be entitled to name four
      (4)
      persons to the slate of directors presented to the Company’s stockholders for
      election; and

     

    (ii) In
      connection with each annual or special meeting of stockholders where the Board
      is to be elected, the Mobilisa Directors shall be entitled to name four (4)
      persons to the slate of directors presented to the Company’s stockholders for
      election.

     

    3.3 Size
      of the Board.
      For a
      period of not less than one (1) year after the date hereof, the parties hereto
      agree that they shall maintain the size of the Board at eight (8) persons,
      unless the Board unanimously (with all directors voting) votes to increase
      the
      number of directors on the Board.

     

    3.4 Obligations;
      Removal of Directors; Vacancies.
      Each of
      the Directors and the Company agree not to take any actions that would
      materially and adversely affect the provisions of this Agreement. The parties
      acknowledge that the fiduciary duties of each member of the Company’s Board are
      to the Company’s stockholders as a whole. In the event any director elected
      pursuant to the terms hereof ceases to serve as a member of the Company’s Board,
      the Company and the Directors agree to take all such action as is reasonable
      and
      necessary, to cause the election or appointment of such other substitute person
      to the Board as may be designated on the terms provided herein.

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    4. Officers.
      Immediately
      after the Effective Time:

     

    (i) the
      Intelli-Check Directors shall have the right to designate the Chairman and
      appoint a Chief Financial Officer and a Chief Technology Officer; and

     

    (ii) the
      Mobilisa Directors shall have the right to designate the Vice Chairman and
      appoint a Chief Executive Officer. 

     

    5. Successors
      in Interest of the Directors and the Company.
      The
      provisions of this Agreement shall be binding upon the successors in interest
      of
      any Director with respect to any of such Director’s rights herein. 

     

    6. Grant
      of Proxy.
      Should
      the provisions of this Agreement be construed to constitute the granting of
      proxies, such proxies shall be deemed coupled with an interest and are
      irrevocable for the term of this Agreement.

     

    7. Specific
      Enforcement.
      It is
      agreed and understood that monetary damages would not adequately compensate
      an
      injured party for the breach of this Agreement by any party hereto, that this
      Agreement shall be specifically enforceable, and that any breach of this
      Agreement shall be the proper subject of a temporary or permanent injunction
      or
      restraining order. Further, each party hereto waives any claim or defense that
      there is an adequate remedy at law for such breach or threatened breach and
      agrees that a party’s rights would be materially and adversely affected if the
      obligations of the other parties under this Agreement were not carried out
      in
      accordance with the terms and conditions hereof.

     

    8. Term.
      The
      term of this Agreement shall commence on the date hereof and end one (1) year
      from the date hereof. 

     

    9. Amendments
      and Waivers.
      Except
      as otherwise provided herein, any provision of this Agreement may be amended
      or
      the observance thereof may be waived (either generally or in a particular
      instance and either retroactively or prospectively) only with the prior written
      consent of all parties to this Agreement. 

     

    10. Severability.
      In the
      event that any provision of the Agreement shall be invalid, illegal or
      unenforceable, the validity, legality and enforceability of the remaining
      provisions shall not in any way be affected or impaired
      thereby.

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    11. Governing
      Law.
      This
      Agreement and the legal relations between the parties arising hereunder shall
      be
      governed by and interpreted in accordance with the laws of the State of Delaware
      without reference to its conflicts of laws provisions.

     

    12. Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one
      instrument.

     

    13. Entire
      Agreement.
      This
      Agreement constitutes the full and entire understanding and agreement among
      the
      parties, and supersedes any prior agreement or understanding among the parties,
      with regard to the subjects hereof and thereof, and no party shall be liable
      or
      bound to any other party in any manner by any covenants except as specifically
      set forth herein.

     

    14. Jurisdiction;
      Venue.
      With
      respect to any disputes arising out of or related to this Agreement, the parties
      consent and submit to the exclusive jurisdiction of, and venue in, the state
      or
      federal courts in Wilmington County in the State of Delaware.

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    This
      Agreement is hereby executed effective as of the date first set forth
      above.

     

    COMPANY

     

    
      	
              INTELLI-CHECK
                - MOBILISA, INC.

            
	
              a
                Delaware corporation

            
	 
	
              By:

            	
              /s/
                Nelson Ludlow

            
	 	 
	
              Name:
                

            	
              Nelson
                Ludlow

            
	 	 
	
              Title:
                

            	
              Chief
                Executive Officer

            

    

    [Signature
      page to the Director Agreement]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    DIRECTOR

    

    
      	
              /s/
                Jeffrey Levy

            
	 
	
              Name:
                Jeffrey Levy

            
	 
	
              /s/
                John E. Maxwell

            
	 
	
              Name:
                John E. Maxwell

            
	 
	
              /s/
                Arthur L. Money

            
	 
	
              Name:
                Arthur L. Money

            
	 
	
              /s/
                Guy L. Smith

            
	 
	
              Name:
                Guy L. Smith

            
	 
	
              /s/
                Nelson Ludlow

            
	 
	
              Name:
                Nelson Ludlow

            
	 
	
              /s/
                Bonnie Ludlow

            
	 
	
              Name:
                Bonnie Ludlow

            

    

    [Signature
      page to the Director Agreement]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              /s/
                John Paxton

            
	 
	
              Name:
                John Paxton

            
	 
	
              /s/
                Emil Bedard

            
	 
	
              Name:
                Emil Bedard

            

    

     

    

      [Signature
        page to the Director Agreement]EXHIBIT
      10.2

     

    INTELLI-CHECK –
      MOBILISA, INC.

     

    STOCKHOLDER
      VOTING AGREEMENT

     

    This
      Voting Agreement (this “Agreement”) is made as of March 14, 2008 by and among
      Intelli-Check – Mobilisa, Inc., a Delaware corporation (the “Company”), and
      each of the individuals and entities signatory hereto (each a “Voting Party” and
      collectively, the “Voting Parties”).

     

    WITNESSETH:

     

    WHEREAS,
      this Agreement is made pursuant to the Merger Agreement, dated November 20,
      2007, by and among the Company, Intelli-Check Merger Sub, Inc., a Washington
      corporation, Mobilisa, Inc., a Washington corporation, and certain common
      shareholders of Mobilisa, Inc. (the “Merger Agreement”).

     

    WHEREAS,
      each of the Voting Parties owns the shares of the Company’s capital stock set
      forth opposite his or her name on Exhibit
      A
      and
      wishes to provide for orderly elections of the Company’s Board of Directors (the
“Board of Directors”).

    

    WHEREAS, it
      is a
      condition of the Merger Agreement that each of the Voting Parties enter a voting
      agreement with the Company in the form of this Agreement.

     

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      herein, the receipt and sufficiency of which are hereby acknowledged, the
      parties hereto agree as follows:

     

    1. Terms.
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Merger Agreement shall have the meanings given to such terms in the Merger
      Agreement.

     

    2. Agreement
      to Vote.
      During
      the term of this Agreement, to the extent they are entitled under the Company’s
      Certificate of Incorporation and the Delaware General Corporation Law to vote
      on
      a particular matter, each Voting Party agrees to vote all securities of the
      Company that he or she may vote in the election of the Company’s directors that
      such Voting Party now has or hereafter acquires (hereinafter referred to as
      the
“Voting Shares”) in accordance with the provisions of this Agreement, whether at
      a regular or special meeting of stockholders or any class or series of
      stockholders or by written consent.

     

    3. Election
      of Board of Directors.

     

    3.1 Voting.
      For a
      period of one (1) year after the date hereof and subject to the Company’s
      Certificate of Incorporation and the Delaware General Corporation Law, each
      Voting Party agrees to vote all Voting Shares in such manner as may be necessary
      to elect (and maintain in office) as members of the Board of Directors the
      following persons:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (i) The
      four
      (4) persons named by the Parent Directors to the slate of directors presented
      for election at each annual or special meeting of stockholders where the Board
      of Directors is to be elected; and 

     

    (ii) The
      four
      (4) persons named by the Company Directors to the slate of directors presented
      for election at each annual or special meeting of stockholders where the Board
      of Directors is to be elected.

     

    3.2 Size
      of the Board of Directors.
      For a
      period of one (1) year after the date hereof, the parties hereto agree that
      they
      will vote to, and that they will cause the Board of Directors to, maintain
      the
      size of the Board of Directors at eight (8) persons, unless the Board of
      Directors unanimously (with all directors voting) votes to increase the number
      of directors on the Board of Directors.

     

    3.3 Obligations;
      Removal of Directors; Vacancies.
      The
      obligations of the Voting Parties pursuant to this Section 3 shall include
      any stockholder vote to amend the Company’s Certificate of Incorporation or
      Bylaws as required to effect the intent of this Agreement. Each of the Voting
      Parties and the Company agrees not to take any actions that would materially
      and
      adversely affect the provisions of this Agreement and the intention of the
      parties with respect to the composition of the Company’s Board of Directors as
      herein stated. The parties acknowledge that the fiduciary duties of each member
      of the Company’s Board of Directors are to the Company’s stockholders as a
      whole. Any director elected pursuant to the terms hereof may be removed, with
      or
      without cause, only by those Voting Parties entitled to designate such director.
      In the event any director elected pursuant to the terms hereof ceases to serve
      as a member of the Company’s Board of Directors, the Company and the Voting
      Parties agree to take all such action as is reasonable and necessary, including
      the voting of shares of capital stock of the Company by the Voting Parties
      as to
      which they have beneficial ownership, to cause the election or appointment
      of
      such other substitute person to the Board of Directors as may be designated
      on
      the terms provided herein. 

     

    4. Successors
      in Interest of the Voting Parties and the Company.
      The
      provisions of this Agreement shall be binding upon the successors in interest
      of
      any Voting Party with respect to any of such Voting Party’s Voting Shares or any
      voting rights therein. The Company shall not permit the transfer of any Voting
      Party’s Voting Shares unless and until the person to whom such securities are to
      be transferred shall have executed a written agreement pursuant to which such
      person becomes a party to this Agreement and agrees to be bound by all the
      provisions hereof as if such person was a Voting Party hereunder.

     

    5. Covenants.
      The
      Company and each Voting Party agrees to take all actions required to ensure
      that
      the rights given to each Voting Party hereunder are effective and that each
      Voting Party enjoys the benefits thereof. Such actions include, without
      limitation, the use of best efforts to cause the nomination of the designees,
      as
      provided herein, for election as directors of the Company. Neither the Company
      nor any Voting Party will, by any voluntary action, avoid or seek to avoid
      the
      observance or performance of any of the terms to be performed hereunder by
      the
      Company or any such Voting Party, as applicable, but will at all times in good
      faith assist in the carrying out of all of the provisions of this Agreement
      and
      in the taking of all such actions as may be necessary or appropriate in order
      to
      protect the rights of each Voting Party hereunder against
      impairment.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6. Grant
      of Proxy.
      Should
      the provisions of this Agreement be construed to constitute the granting of
      proxies, such proxies shall be deemed coupled with an interest and are
      irrevocable for the term of this Agreement.

     

    7. Restrictive
      Legend.
      Each
      certificate representing any of the Voting Shares subject to this Agreement
      shall be marked by the Company with a legend reading as follows:

     

    “THE
      SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT (A COPY OF WHICH
      MAY
      BE OBTAINED FROM THE ISSUER) AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE
      PERSON HOLDING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND
      BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.”

     

    8. Specific
      Enforcement.
      It is
      agreed and understood that monetary damages would not adequately compensate
      an
      injured party for the breach of this Agreement by any party hereto, that this
      Agreement shall be specifically enforceable, and that any breach of this
      Agreement shall be the proper subject of a temporary or permanent injunction
      or
      restraining order. Further, each party hereto waives any claim or defense that
      there is an adequate remedy at law for such breach or threatened breach and
      agrees that a party’s rights would be materially and adversely affected if the
      obligations of the other parties under this Agreement were not carried out
      in
      accordance with the terms and conditions hereof.

     

    9. Manner
      of Voting.
      The
      voting of shares pursuant to this Agreement may be effected in person, by proxy,
      by written consent or in any other manner permitted by applicable
      law.

     

    10. Termination.
      The
      term of this Agreement shall commence on the date hereof and end one (1) year
      from the date hereof. 

     

    11. Amendments
      and Waivers.
      Except
      as otherwise provided herein, additional parties may be added to this Agreement,
      any provision of this Agreement may be amended or the observance thereof may
      be
      waived (either generally or in a particular instance and either retroactively
      or
      prospectively) only with the written consent of (a) the Company, and (b)
      the holders of a majority of Voting Shares then held by the Voting
      Parties.

     

    12. Stock
      Splits, Stock Dividends, etc.
      In the
      event of any stock split, stock dividend, recapitalization, reorganization
      or
      the like, any securities issued with respect to Voting Shares held by Voting
      Parties shall become Voting Shares for purposes of this Agreement and the
      minimum number of Voting Shares pursuant to which certain Voting Parties may
      name designees will be appropriately adjusted.

     

    
      13. Severability.
        In the event that any provision of the Agreement shall be invalid, illegal
        or
        unenforceable, the validity, legality and enforceability of the remaining
        provisions shall not in any way be affected or impaired thereby.

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    14. Governing
      Law.
      This
      Agreement and the legal relations between the parties arising hereunder shall
      be
      governed by and interpreted in accordance with the laws of the State of Delaware
      without reference to its conflicts of laws provisions.

     

    15. Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one
      instrument.

     

    16. Successors
      and Assigns.
      Except
      as otherwise expressly provided in this Agreement, the provisions hereof shall
      inure to the benefit of, and be binding upon, the successors and assigns of
      the
      parties hereto.

     

    17. Entire
      Agreement.
      This
      Agreement constitutes the full and entire understanding and agreement among
      the
      parties, except for that certain Director Agreement, dated as of even date,
      by
      and among the Company and the directors of Intelli-Check, Inc. and Mobilisa,
      Inc., and supersedes any prior agreement or understanding among the parties
      (including, without limitation, the Prior Agreement), with regard to the
      subjects hereof and thereof, and no party shall be liable or bound to any other
      party in any manner by any warranties, representations or covenants except
      as
      specifically set forth herein or therein.

     

    18. Jurisdiction;
      Venue.
      With
      respect to any disputes arising out of or related to this Agreement, the parties
      consent and submit to the exclusive jurisdiction of, and venue in, the state
      courts in Wilmington County in the State of Delaware. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    This
      Stockholder Voting Agreement is hereby executed effective as of the date first
      set forth above.

     

    COMPANY

    

    
      	
              INTELLI-CHECK –
                MOBILISA, INC.

            
	
              a
                Delaware corporation

            
	 
	
              By:

            	
              /s/
                Nelson Ludlow

            	 
	 	 
	
              Name:

            	
              Nelson
                Ludlow

            	 
	 	 
	
              Title:

            	
              Chief
                Executive Officer

            	 

    

     

    [Signature
      page to the Stockholder Voting Agreement]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    VOTING
      PARTIES

    

    If
      an
      individual:

    

    
      	
              /s/
                Nelson Ludlow

            	 
	
              Name:
                Nelson Ludlow

            	 

    

    

    If
      an
      individual:

    

    
      	
              /s/
                Bonnie Ludlow

            	 
	
              Name:
                Bonnie Ludlow

            	 

    

     

    [Signature
      page to the Stockholder Voting Agreement]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    
      	
              Bonnie
                Ludlow

            	
              7,996,364
                common shares

            
	 	 
	
              Nelson
                Ludlow

            	
              4,158,456
                common shares

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