Document:

AMENDED AND RESTATED SECURED PROMISSORY NOTE

 Exhibit 10.56 
  
 AMENDED AND RESTATED 
 SECURED PROMISSORY NOTE 
  

			
	 $15,300,000.00
	  	February 27, 2004

  
 THIS AMENDED AND
RESTATED SECURED PROMISSORY NOTE (this “Note”) is executed this 27th day of February, 2004 by
VIISAGE TECHNOLOGY, INC., a Delaware corporation (“Viisage”), and TRANS DIGITAL TECHNOLOGIES CORPORATION, a Delaware corporation and wholly owned subsidiary of Viisage (“TDT” and, together with Viisage, the
“Company”). 
  
 RECITALS 
  
 A. The Company previously executed a Promissory Note dated February 14, 2004
in the face principal amount of FIFTEEN MILLION THREE HUNDRED THOUSAND AND NO/100 Dollars ($15,300,000.00) (the “Original Note”) in favor of B.G. BECK, a Virginia resident, or his permitted assigns (the “Holder”).

  
 B. The Company and the Holder have agreed, with the consent of
Commerce Bank & Trust Company, a Massachusetts trust company (“Commerce”), and Lau Acquisition Corp., a Massachusetts corporation (“Lau”), as required by paragraph 4(f) of the Original Note, that the
indebtedness evidenced by the Original Note (a) shall be secured by the grant by TDT of a security interest in its rights under a contract between TDT and the United States Department of State and (b) shall no longer be subordinated in right of
payment to the Company’s obligations to Commerce and Lau. 
  
 C. The Company and the Holder have agreed, with the consent of Commerce and Lau, that the Original Note should be amended and restated in its entirety as set forth below. 
  
 WITNESSETH 
  
 NOW THEREFORE, in consideration of the foregoing and of the promises contained herein, the Original Note is hereby amended and restated in its entirety
(hereinafter referred to as the “Note”), as follows: 
  
 *        *        *        *        * 

 
 FOR VALUE RECEIVED, the undersigned, VIISAGE TECHNOLOGY, INC., a Delaware
corporation (“Viisage”), and TRANS DIGITAL TECHNOLOGIES CORPORATION, a Delaware corporation and wholly owned subsidiary of Viisage (“TDT” and together with Viisage, the “Company”) hereby
unconditionally promises to pay to B.G. BECK, a Virginia resident, or his permitted assigns (the “Holder”), in lawful money of the United States of America, the principal amount of FIFTEEN MILLION THREE HUNDRED THOUSAND AND NO/100
Dollars ($15,300,000.00) with interest on the unpaid principal balance at the rate and on the terms provided herein. 

 1. Agreement. This Amended and Restated Secured Promissory Note (this “Note”) is
issued in connection with the Stock Purchase Agreement (the “Agreement”), dated as of February 14, 2004, by and among Viisage, TDT and the Holder and shall be deemed to be the Note to which reference is made in the Agreement. The
Holder is entitled to the benefits of (and subject to the obligations expressly contained in) this Note and may exercise the remedies provided for hereby and thereby or otherwise available in respect hereto and thereto. Capitalized terms used herein
without definition shall have the meaning ascribed to such terms in the Agreement. 
  
 2. Interest Rate; Payment. 
  
 (a) The outstanding principal amount of this Note shall bear interest at a rate of EIGHT AND ONE-HALF PERCENT (8 1/2%) per annum from (but not including) February 14, 2004 until (and including the date that) the entire principal amount of, and any interest on, this Note shall be paid in full. Interest shall be calculated based on a 365-day year
for the number of days elapsed. Subject to subparagraph (b) below, this Note shall be due and payable in three (3) consecutive equal installments of principal of FIVE MILLION ONE HUNDRED THOUSAND DOLLARS ($5,100,000), plus accrued interest thereon
(each such payment of principal and interest, an “Installment”), beginning on December 1, 2004, and thereafter on May 1, 2005 and December 1, 2005, and shall be due and payable in full on December 1, 2005 (the “Maturity
Date”). Each payment hereunder shall be paid by wire transfer of immediately available funds to the Holder’s account (the “Bank Account”) at such bank in the United States as may be specified in writing two (2)
business days prior thereto by the Holder to the Company. The Company shall have the right, without premium or penalty, to prepay this Note in whole or in part at any time before the Maturity Date. All payments hereunder shall be applied first to
accrued and unpaid interest through the date of such payment and then to reduce the principal balance of this Note. After this Note shall become due, whether by acceleration upon the occurrence of an Event of Default (hereinafter defined) or
otherwise, this Note shall bear interest at the lesser of (i) the highest contract rate, if any, permitted by applicable law, or (ii) a rate of THIRTEEN AND ONE-HALF PERCENT (13 1/2%) per annum. 
  
 (b) Notwithstanding subparagraph (a) above, 
  
 (i) with respect to the first Installment described in subparagraph (a) above, if, as of December 1, 2004, the Company estimates in good faith that
TDT’s “Cash Earnings” (defined for purposes of this Note, for a particular period, as the Company’s good faith estimate of TDT’s earnings for such period (before interest, taxes, amortization and depreciation), less unfunded
capital expenditures, taxes and dividends paid by TDT during such period) for the period from February 14, 2004 through December 31, 2004 will be less than 125% of the amount of such Installment, then the payment due to the Holder on December 1,
2004 shall instead be equal to 80% of TDT’s estimated Cash Earnings for such period (if a positive number). (The amount by which any Installment exceeds the actual amount paid as a result of the application of this subparagraph (b) shall
hereinafter be referred to as a “Shortfall” with respect to such Installment, and the amount by which the Company estimates in good faith that TDT’s Cash Earnings for a particular period will exceed 125% of the amount of a
corresponding Installment is hereinafter referred to as an “Excess”); 
  

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 (ii) with respect to the second Installment described in subparagraph (a) above, if, as of May 1, 2005,
the Company estimates in good faith that TDT’s Cash Earnings for the period from July 1, 2004 through June 30, 2005, less the amount of any payment made hereunder by the Company to the Holder, if any, with respect to the first Installment
described in subparagraph (a) above, will be less than 125% of the amount of such second Installment, then the payment due to the Holder on May 1, 2005 shall instead be equal to 80% of TDT’s estimated Cash Earnings for such period (if a
positive number), less the amount of any payment made hereunder by the Company to the Holder, if any, with respect to such first Installment. If, instead, the Company estimates in good faith that TDT’s Cash Earnings for such period, less the
amount of any payment made hereunder by the Company to the Holder, if any, with respect to such first Installment, will be equal to or greater than 125% of the amount of such second Installment, then the payment due to the Holder on May 1, 2005
shall instead be the amount of such second Installment, plus 80% of the Excess for such period (with the total amount of such payment not to exceed the sum of the amount of such second Installment, plus the unpaid Shortfall with respect to the first
Installment, plus accrued interest on such unpaid Shortfall); and 
  
 (iii) if, at December 1, 2005, there remains under this subparagraph (b) any outstanding principal on this Note, such principal amount, plus all accrued interest thereon, shall be paid by the Company on the Holder’s demand. 

 
 (c) Notwithstanding subparagraph (a) or subparagraphs (b)(i) or (b)(ii)
above, the amount of any payment otherwise due and payable to the Holder by application of such provisions shall be reduced by the amount by which Viisage’s obligation under Section 18(F) of that Third Amended and Restated Loan Agreement of
even date herewith, between Viisage and Commerce, relating to its replenishment of “Unencumbered Cash” (as defined in such agreement), remains unsatisfied as of the date that such payment is due and payable (with the maximum of such
unsatisfied obligation being $2,000,000). 
  
 3. Events of
Default. In the event that any of the following (each, an “Event of Default”) occurs: 
  
 (a) default in the payment of any Installment when due and payable for a period of five (5) business days following written notice to the Company of such
default; provided, however, and by his, her or its acceptance of this Note the Holder agrees, that the Company’s failure to pay any amount due under this Note by reason of any claim of set-off in accordance with the Agreement shall not be
deemed an Event of Default hereunder, whether or not the basis for any such claim is ultimately determined in favor of the Company, and the outstanding principal amount hereunder shall correspondingly be reduced by the amount of any such set-off;

  
 (b) the termination of the business of the Company;

  
 (c) any petition in bankruptcy being filed by or against the
Company or any proceedings in bankruptcy, insolvency or under any other laws relating to the relief of debtors 
  

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 being commenced for the relief or readjustment of any indebtedness of the Company, either through reorganization,
composition, extension or otherwise and which, in the case of any involuntary proceedings shall be acquiesced to by the Company or shall continue for a period of ninety (90) days undismissed, undischarged or unbonded; 
  
 (d) the making by the Company of an assignment for the benefit of creditors;

  
 (e) the appointment of a receiver of any property of the
Company which shall not be vacated or removed within ninety (90) days after appointment; or 
  
 (f) the Company is unable to pay or otherwise satisfy its debts generally as they become due and payable; 
  
 (g) the removal of B.G. Beck as a member of the Board of Directors of Viisage without cause; or 
  
 (h) the Company obtains debt or equity financing during the term of this Note
in an aggregate amount of $20,000,000 or more from any source other than existing shareholders of the Company and less than $5,000,000 of such financing is applied to either the payment of Installments or prepayment of the Note within five (5)
business days of completion of such financing; 
  
 then the Holder may, at his
option, by notice in writing to the Company, declare this Note to be, and the Note shall thereupon be, forthwith due and payable, together with accrued and unpaid interest thereon, provided, that upon the occurrence of any of Events of
Default set forth in clauses (c), (d), (e), (g) or (h), the notice contemplated by this paragraph shall be deemed to have been given without any further action by the Holder and all amounts payable under this Note shall be immediately due and
payable; and provided, further, that notwithstanding anything in this Note to the contrary, the Holder agrees not to pursue a deficiency judgment or take any similar action against Viisage for a period of one hundred eighty (180) days
following the Maturity Date or following any such acceleration of this Note. 
  
 4. Security. This Note is secured by a Security Agreement of even date herewith executed by TDT covering TDT’s right, title and interest in and to its contract with the U.S. Department of State, Contract
No. S-LMAQM-04-D-0039, dated October 15, 2003, all as more particularly described in such Security Agreement. 
  
 5. Miscellaneous. 
  
 (a) All payments under this Note shall be made to the Holder by wire transfer to the Holder’s Bank Account as Holder may from time to time direct. No
extension of time for payment of any amount owing hereunder shall otherwise affect the liability of the Company for payment of the indebtedness evidenced hereby. No delay by any Holder hereof in exercising any power or right hereunder shall operate
as a waiver of any power or right hereunder. 
  
 (b) A delay by
Holder in exercising a right or remedy with respect to this Note shall not constitute a waiver thereof; a waiver of a default, right or remedy shall not constitute a waiver of a subsequent default, right or remedy; and a single or partial exercise
of a right or remedy shall not preclude another or further exercise thereof or the exercise of another right or remedy. 
  

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 (c) The Company waives demand, presentment, protest and, except as expressly set forth herein, all other
demands and notices of any kind, and no partial payment shall discharge the Company from liability hereon in whole or in part (except to the extent of such partial payments). 
  
 (d) The Company agrees to pay, and save Holder harmless against, any liability for the payment of any costs and expenses,
including, without limitation, reasonable attorneys’ fees and disbursements, arising in connection with the enforcement by Holder of any of its rights hereunder. The Company may not assign its obligations under this Note. 
  
 (e) Except as provided for herein, no waiver or modification of the terms of
this Note shall be valid unless in writing signed by the Company and the Holder. 
  
 (f) This Note shall be governed by and construed in accordance with the laws of the State of Delaware as applied to contracts entered into by Delaware residents and performed entirely in Delaware, without giving
effect to its principles or rules regarding conflicts of laws, other than such principles directing application of the laws of Delaware. 
  
 (g) In case any provision contained herein (or part thereof) shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such
invalidity, illegality, or other unenforceability shall not affect any other provision (or the remaining part of the affected provision) hereof, but this Note shall be construed as if such invalid, illegal or unenforceable provision (or part
thereof) had never been contained herein, but only to the extent that such provision is invalid, illegal, or unenforceable. No provision of this Note shall be construed or shall operate to require the Company to pay interest in an amount or at a
rate greater than the maximum rate allowed from time to time under applicable law. Should any payment of interest, late fees, penalties or other charges hereunder exceed the maximum rate of interest, fees, penalties or charges then permitted under
applicable law, the amount of the excess shall be waived by the Holder. 
  
 (h) Any legal action or proceeding with respect to this Note or for recognition and enforcement of any judgment in respect hereof brought by the Holder or his successors or assigns shall be brought and determined by either a state court or
federal court sitting in the Commonwealth of Virginia and the Company hereby irrevocably submits with regard to any such action or proceeding for itself and in respect to its property, generally and unconditionally, to the nonexclusive jurisdiction
of the aforesaid courts. The Company hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counter claim or otherwise, in any action or proceeding with respect to this Note, (I) any claim that it is not personally
subject to the jurisdiction of the above-named courts for any reason other than the failure to serve process, (II) that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts
(whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (III) to the fullest extent permitted by applicable law, that (A) the suit, action or proceeding
in any such court is brought in an inconvenient forum, (B) the venue of such suit, action or proceeding is improper and (C) this Note, or the subject matter hereof, may not be enforced in or by such courts. 
  

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 (i) IN ANY ACTION OR PROCEEDING ARISING HEREFROM, THE PARTIES HERETO CONSENT TO TRIAL WITHOUT A JURY IN
ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PARTY HERETO AGAINST THE OTHER OR THEIR SUCCESSORS IN RESPECT OF ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS NOTE, REGARDLESS OF THE FORM OF ACTION OR PROCEEDING. 
  
 (j) Any notice or other communication required or permitted hereunder shall
be in writing and shall be sent to such addresses and in such manner as is described in the Agreement. 
  
 (k) No right, power or remedy conferred hereby shall be exclusive of any other right, power or remedy referred to herein or therein or now or hereafter
available at law, in equity, by statute or otherwise. 
  
 (l) Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note and, in the case of loss, theft or destruction, upon receipt of indemnity or security reasonably satisfactory to the Company from
the Holder or, in the case of mutilation, upon surrender of the mutilated Note, the Company shall make and deliver a new Note of like tenor in lieu of this Note. 
  
 [SIGNATURE ON NEXT PAGE] 
  

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 IN WITNESS WHEREOF, the undersigned has caused this Note to be duly executed and delivered by its
authorized officer as of the date first written above. 
  

			
	VIISAGE TECHNOLOGY, INC.
		
	 By
	 	 /s/ William K. Aulet

	 Name:
	 	 William K. Aulet

	 Title:
	 	 Senior Vice President and Chief
     Financial Officer

	
	TRANS DIGITAL TECHNOLOGIES CORPORATION
		
	 By
	 	 /s/ William K. Aulet

	 Name:
	 	 William K. Aulet

	 Title:
	 	 Treasurer

	
	 /s/ B.G. Beck

	    B.G. BECK

  

 Page 7 of 7LETTER AGREEMENT

 

 
  
 Exhibit 10.57 
  
 September 8, 2003 
  
 Seligman Communications and Information Fund, Inc. 
 Seligman New Technologies Fund, Inc. 
 Seligman New Technologies Fund II, Inc. (collectively, the “Buyers”) 
 c/o J. & W. Seligman & Co. Incorporated 
 100 Park Avenue 

New York, NY 10017 
 Attn. Jim Curtis 
  
 Lau Technologies 
 30 Porter Road 
 Littleton, MA 01460 
  

Odeon Venture Capital AG 
 Prof. Christoph v.d. Malsburg 
 Prof. Dr. Thomas Martinetz 
 Prof. Dr. Stefan Gehlen (collectively, the
“ZN Holders”) 
 c/o ZN Vision Technologies AG 
 Universitaetsstrasse 160 
 44801 Bochum 
 GERMANY

  
 Ladies and Gentlemen: 
  
 It is anticipated that Viisage Technology, Inc. (the “Company”) will issue shares
(the “ZN Holder Shares”) of its common stock (the “Common Stock”) to each of the ZN Holders in connection with the purchase by the Company of the outstanding share capital of ZN Vision Technologies AG (“ZN”) pursuant to
that certain Securities Purchase Agreement dated March 28, 2003 by and among the Company, ZN, the ZN Holders and certain other parties (the “ZN Purchase Agreement”). In connection with the sale of shares (the “Buyer Shares”) of
Common Stock to the Buyers pursuant to that certain Securities Purchase Agreement dated as of the date hereof by and between the Company and the Buyers (the “Buyer Purchase Agreement”), each of the ZN Holders have delivered lock-up
agreements (the “Lock-Up Agreements”) to the Buyers pursuant to which the ZN Holders have agreed, subject to this letter agreement, on certain restrictions on the sale or transfer of the ZN Holder Shares for the duration of the Lock-Up
Period (as defined in the Lock-Up Agreements). 
  
 The Buyers and the Company
acknowledge that the ZN Holders intend to sell certain of the ZN Holder Shares in one or more private placements in order to obtain funds for payment of their tax liabilities from the sale of their shares of ZN to the Company; provided, however,
nothing herein shall require any ZN Holder to use the proceeds from any such private placement in any manner. 
  
 30 Porter Road, Littleton, Massachusetts 01460 Tel: 978.952.2200 Fax: 978.952.2225 

 The Buyers and the Company further acknowledge that with respect to any such private placements which will yield
aggregate gross proceeds to the ZN Holders (as a group) of between $1,000,000 and $3,000,000 (the “Maximum Proceeds”), the ZN Holders may request one or more waivers of (1) the provision in the Lock-Up Agreements which requires that any
purchaser of the ZN Holder Shares in a private placement agree to be bound by the terms of the Lock-Up Agreements (or by the terms of a similar lock-up agreement not less restrictive) and (2) Section 7.7(f) of the ZN Purchase Agreement. The
Buyers and the Company agree that from and after the date on which the Registration Statement (as defined in the Buyer Purchase Agreement) is declared effective, neither the Buyers nor the Company will unreasonably withhold their consent to the
waiver of such provision. The decision to enter into any private placement transaction shall be at the sole discretion of the ZN Holders. 
  
 The Company will provide written notice to the ZN Holders of the date on which the Lock-Up Period will end as promptly as practicable after such date has been determined.
If, during the Lock-Up Period, the ZN Holders do not sell ZN Holder Shares in one or more private placements yielding aggregate gross proceeds to the ZN Holders (as a group) of at least $1,000,000, the ZN Holders will have the right to sell, and the
Company will have the obligation to repurchase from the ZN Holders the number of ZN Holder Shares which will yield gross proceeds to the ZN Holders (as a group) equal to the difference between (a) $1,000,000 and (b) the aggregate gross proceeds to
the ZN Holders (as a group) from any such private placements. Each ZN Holder may waive its right to sell ZN Holder Shares to the Company hereunder, as to himself or itself only, at any time in whole or in part. If any ZN Holders exercise the right
of repurchase provided hereunder, the price per ZN Holder Share to be repurchased by the Company shall be the lower of (i) the 30-day average closing price of a share of Common Stock on the Nasdaq National Market on the last day of the Lock-Up
Period and (ii) $3.40. Any such repurchase shall be pro rata based on the number of ZN Holder Shares held by each participating ZN Holder at the commencement of the Lock-Up Period unless otherwise agreed by the Company and such participating ZN
Holders. Each ZN Holder desiring to exercise the foregoing repurchase right shall notify the Company in writing no later than five (5) business days after the expiration of the Lock-Up Period (or five (5) business days after the ZN Holders’
receipt of the Company’s notice of the expiration of the Lock-Up Period if the Company has not provided such notice to the ZN Holders prior to the expiration of the Lock-Up Period), and the Company shall complete any such repurchase within five
(5) business days after receipt of such notice. A ZN Holder’s repurchase right, and the Company’s obligation to repurchase any of such ZN Holder’s ZN Holder Shares, shall expire if such ZN Holder has not provided such notice within
the foregoing 5-business day period. The Company will bear any costs in connection with such repurchase (other than tax obligations of the ZN Holders) and shall ensure that the Company’s repurchase of such shares is in compliance with
applicable securities laws and regulations. 
  
 Notwithstanding the restrictions
set forth in the Lock-Up Agreements, in the event that during the Lock-Up Period (1) the Buyers (as a group) sell, in the aggregate, more than 15% of the Buyer Shares and/or (2) Lau Technologies sells, in the aggregate, more than 15% of the shares
of Common Stock that it owns at the commencement of the Lock-Up Period (the “Lau Shares”), the ZN Holders (as a group) shall be permitted to sell one ZN Holder Share for each Buyer Share sold by the Buyers and shall be permitted to sell
one ZN Holder Share for each Lau Share sold by Lau Technologies in excess of the foregoing 15% thresholds. Any such sales shall be pro rata based on the number of ZN Holder Shares held by each ZN Holder at the commencement of the Lock-Up Period
unless otherwise agreed by the ZN Holders and the Buyers. 
  

 2 

 Each of the Buyers and Lau Technologies hereby agrees to provide written notice to the Company immediately (but in no
event more than one business day) after any sale of shares in excess of the 15% thresholds set forth in the preceding paragraph. The Company agrees to provide written notice to Odeon Venture Capital AG (acting on behalf of all of the ZN Holders)
immediately (but in no event more than one business day) after any receipt of the foregoing notification by the Buyers or Lau Technologies, and further agrees to provide written notice to the Buyers immediately (but in no event more than one
business day) after any receipt of the foregoing notification by Lau Technologies. Each of the ZN Holders hereby agrees to provide written notice to the Company immediately (but in no event more than one business day) after any sale of shares
permitted by this paragraph. The Company agrees to provide written notice to the Buyers and Lau Technologies immediately (but in no event more than one business day) after any sale of shares by the ZN Holders pursuant to this paragraph. Notice by
the Buyers to the Company shall be delivered as set forth in the Buyer Purchase Agreement. Notice by Lau Technologies to the Company shall be by hand delivery, facsimile transmission to (978) 952-2218 or electronic mail to the Company’s Chief
Financial Officer (baulet@viisage.com) and the Company’s General Counsel (emark@viisage.com). Notice by the ZN Holders to the Company shall be delivered as set forth in the ZN Purchase Agreement. Notice by the Company to the Buyers shall be
delivered as set forth in the Buyer Purchase Agreement. Notice by the Company to Lau Technologies shall be by hand delivery, facsimile transmission to (978) 952-2290 or electronic mail to Lau Technologies’ Executive Vice President and Chief
Operating Officer (dkb@lautechnologies.com). Notice by the Company to Odeon Venture Capital AG (acting on behalf of all of the ZN Holders) shall be delivered as set forth in the ZN Purchase Agreement. 
  
 Prior to the closing of the transactions contemplated by the ZN Purchase Agreement (the
“ZN Closing”), the Company shall present to its Board of Directors, and shall use its reasonable best efforts to cause its Board of Directors to adopt and approve, resolutions or consents as may be necessary to exempt the acquisition by
any ZN Holder who will be an officer or director of the Company for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), of shares of Common Stock and options to acquire shares of Common Stock
pursuant to the ZN Purchase Agreement from Section 16(b) of the Exchange Act pursuant to Rule 16b-3(d) promulgated thereunder.  
  
 The Company acknowledges that this agreement does not have any effect on any of the Company’s obligations under the ZN Purchase Agreement with respect to
registration of shares to be issued to the ZN Holders; provided, however, the Company hereby agrees to cause the Registration Statement (as defined in the ZN Purchase Agreement) to remain effective until the date which is one year after the
expiration of the Lock-Up Period. 
  
 This agreement and the Lock-Up
Agreements are subject to (i) the Buyers purchasing Common Stock at the First Closing (as defined in the Buyer Purchase Agreement) pursuant to the terms of the Buyer Purchase Agreement in the form attached hereto as Exhibit A and (ii) the
consummation of the transactions contemplated by the ZN Purchase Agreement. 
  

 3 

 In the event that this letter agreement is found invalid and unenforceable with respect to any ZN Holder by a United
States court of competent jurisdiction, the Lock-Up Period in the Lock-Up Agreement to which such ZN Holder is a party automatically shall be reduced to the later of (i) ninety (90) days after the ZN Closing and (ii) the earlier of the date on which
the Registration Statement (as defined in the Buyer Purchase Agreement) is declared effective by the Securities and Exchange Commission or until the Company’s obligations to cause the Registration Statement to become effective have been waived
in writing by the Buyers or otherwise are of no further force or effect. This letter agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to the principles of conflicts of
laws. 
  
 [signature page follows] 
  

 4 

 Please sign below to indicate your agreement with the foregoing. 
  

			
	 VIISAGE TECHNOLOGY, INC.

		
	 By:
	 	 /s/ William K. Aulet

	 Name:
	 	 William K. Aulet

	 Title:
	 	 Senior Vice President and CFO

	
	 Accepted and Agreed:

	
	 ODEON VENTURE CAPITAL AG

		
	 By:
	 	 /s/ Marcel Yon

	 Name:
	 	 Marcel Yon

	 Title:
	 	 Managing Director

	
	 /s/ Christoph v.d. Malsburg

	 Prof. Dr. Christoph v.d. Malsburg

	
	 /s/ Thomas Martinetz

	 Prof. Dr. Thomas Martinetz

	
	 /s/ Stefan Gehlen

	 Dr. Stefan Gehlen

	
	 Seligman Communications and Information Fund, Inc.

	 By:
	 	 J.&W. Seligman & Co. Incorporated, its investment advisor

		
	 By:
	 	 /s/ Gregory M. Cote

	 Name:
	 	 Gregory M. Cote

	 Title:
	 	 Senior Vice President

  

 5 

			
	 Seligman New Technologies Fund, Inc.

	 By:
	 	 J.&W. Seligman & Co. Incorporated, its investment advisor

		
	 By:
	 	 /s/ Gregory M. Cote

	 Name:
	 	 Gregory M. Cote

	 Title:
	 	 Senior Vice President

	
	 Seligman New Technologies Fund II, Inc.

	 By:
	 	 J.&W. Seligman & Co. Incorporated, its investment advisor

		
	 By:
	 	 /s/ Gregory M. Cote

	 Name:
	 	 Gregory M. Cote

	 Title:
	 	 Senior Vice President

	
	 LAU TECHNOLOGIES

		
	 By:
	 	 /s/ Paul T. Principato

	 Name:
	 	 Paul T. Principato

	 Title:
	 	 CFO

  

 6

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