Document:

Severance and Release Agreement

 EXHIBIT 10.1 
 SEVERANCE AND RELEASE AGREEMENT 
 This Severance and Release Agreement (“Agreement”) is
made by and between Saflink Corporation (“Saflink”) and Glenn L. Argenbright (“Argenbright”) as of April 16, 2007 (“Effective Date”), with respect to the following facts: 
 A. Argenbright was employed as Chief Executive Officer of Saflink pursuant to an Employment Agreement dated June 6, 2001, as amended in 2001 and as
revised by the compensation committee of Saflink’s Board of Directors (“Board”) in February 2003 (collectively, “Employment Agreement”). 
 B. The Employment Agreement provides Argenbright with severance benefits of a single sum payment equal to twelve (12) months of base salary if, among other things, Saflink’s Board approves a new Chief
Executive Officer. 
 C. In September 2006, Saflink’s Board appointed a new interim Chief Executive Officer of Saflink and reassigned
Argenbright to serve as President and General Manager of FLO Corporation, a wholly owned subsidiary of Saflink. 
 D. In lieu of the
severance benefits provided for in the Employment Agreement, Argenbright proposed, and Saflink has agreed, to supersede the severance provision in the Employment Agreement and proceed in accordance with the terms of this Agreement, as set forth
below. 
 THEREFORE, in consideration of the promises and mutual agreements hereinafter set forth, it is agreed by and between the
undersigned as follows: 
 1. Severance Package. Saflink agrees to provide, and Argenbright agrees to accept, the following payments
and benefits (“Severance Package”) in lieu and complete satisfaction of Argenbright’s right to receive severance pay as set forth in the Employment Agreement. Argenbright acknowledges and agrees that this Severance Package constitutes
adequate legal consideration for the promises and representations made by him in this Agreement. 
 1.1 Severance Payment. Saflink
agrees to provide Argenbright with a severance payment of $60,000.00, less all appropriate federal and state income and employment taxes (“Severance Payment”). The Severance Payment will be made in a lump sum payment within thirty
(30) days following the Effective Date (“Payment Date”) of this Agreement provided this Agreement has been signed by Argenbright on or before the Payment Date. 
 1.2 Additional Severance. Saflink further agrees to provide Argenbright with a promissory note to be executed herewith (the “Promissory
Note”) in the amount of $140,000, to be paid in accordance with the terms and conditions of Promissory Note. 
 2. General
Release. Argenbright unconditionally, irrevocably and absolutely releases and discharges Saflink, and any parent and subsidiary corporations, divisions and affiliated corporations, partnerships or other affiliated entities of Saflink, past and
present, as well as Saflink’s employees, officers, directors, agents, successors and assigns (collectively, “Released Parties”), from all claims related in any way to the severance obligations under the Employment Agreement,
including, but not limited to, breach of contract, unpaid severance benefits, and all other losses, liabilities, claims, charges, demands and causes of action, known or unknown, suspected or unsuspected, arising directly or indirectly out of or in
any way connected with the severance provisions in the Employment Agreement. This release is to be interpreted broadly and includes the waiver of all rights under California Civil Code Section 1542, which provides that “[a]Never mind it

  

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general release does not extend to claim which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which
if known by him or her must have materially affected his or her settlement with the debtor.” 
 3. Promise Not to Prosecute.
Argenbright agrees that he will not prosecute, nor allow to be prosecuted on his behalf, in any administrative agency, whether state or federal, or in any court, whether state or federal, any claim or demand of any type related to the matters
released in this Agreement. 
 4. Binding Agreement. Argenbright understands and agrees that, by signing this Agreement and accepting
the Severance Package provided for herein, he is agreeing to be bound by this Agreement and he enters into this Agreement voluntarily and knowingly without coercion from any individual or entity. Argenbright expressly acknowledges and agrees that
any rights to severance under the Employment Agreement are hereby completely extinguished. 
 5. Entire Agreement. Argenbright
understand and agrees that there are no collateral agreements or representations regarding this subject matter, either written or oral, that are not contained in this Agreement. This Agreement, including the Promissory Note referenced herein,
constitutes the entire agreement between Argenbright and Saflink regarding this subject matter. 
 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING
AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

									
					
	Dated:	 	 	 		 	By:	 	 
		 		 		 		 	Glenn L. Argenbright
			
		 		 	 SAFLINK CORPORATION

					
	Dated:	 	 	 		 	By:	 	 
					
		 		 		 	Its:	 	 

  

 2Promissory Note

 EXHIBIT 10.2 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR
DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933. 
 PROMISSORY NOTE 
  

			
	$140,000.00	  	 April 16, 2007
 Kirkland, Washington

 For value received, Saflink Corporation, a Delaware corporation (the “Company”),
promises to pay to Glenn L. Argenbright (the “Holder”), the principal sum of One Hundred Forty Thousand Dollars ($140,000). Interest shall accrue from the date of this Note on the unpaid principal amount at a rate equal to eight
percent (8%) per annum, compounded annually. This Note is subject to the following terms and conditions. 
 1. Maturity.
This Note will automatically mature and be due and payable in four (4) equal quarterly installments, with the first such installment due April 1, 2008. Interest shall accrue on this Note and accrued interest shall be due and payable with
each installment of principal. 
 2. Payment. All payments shall be made in lawful money of the United States of America.
Payment shall be credited first to the accrued interest then due and payable and the remainder applied to principal. 
 3.
Subordination. The indebtedness evidenced by this Note is hereby expressly subordinated, to the extent and in the manner hereinafter set forth, in right of payment to the prior payment in full of all the Company’s Senior
Indebtedness, as hereinafter defined. As used in this Note, the term “Senior Indebtedness” shall mean the principal of and unpaid accrued interest on all indebtedness of the Company evidenced by the Company’s 8%
convertible debentures due December 12, 2007. 
 a. Default on Senior Indebtedness. If there should occur any receivership,
insolvency, assignment for the benefit of creditors, bankruptcy, reorganization or arrangement with creditors (whether or not pursuant to bankruptcy or other insolvency laws); or sale of all or substantially all of the assets, dissolution,
liquidation or any other marshalling of the assets and liabilities of the Company, then (i) no amount shall be paid by the Company in respect of the principal of or interest on this Note at the time outstanding, unless and until the principal
of and interest on the Senior Indebtedness then outstanding shall be paid in full, and (ii) no claim or proof of 

 
claim shall be filed with the Company by or on behalf of the Holder of this Note that shall assert any right to receive any payments in respect of the
principal of and interest on this Note, except subject to the payment in full of the principal of and interest on all of the Senior Indebtedness then outstanding. 
 b. Effect of Subordination. Subject to the rights, if any, of the holders of Senior Indebtedness under this Section 3 to receive cash or other properties otherwise payable or deliverable to the Holder of
this Note, nothing contained in th is Section 3 shall impair, as between the Company and the Holder, the obligation of the Company, subject to the terms and conditions hereof, to pay to the Holder the principal hereof and interest hereon as and
when the same became due and payable, or shall prevent the Holder of this Note, upon default hereunder, from exercising all right, powers and remedies otherwise provided herein or by applicable law. 
 c. Undertaking. By its acceptance of this Note, the Holder agrees to execute and deliver such documents as may be reasonably requested from time
to time by the Company or the lender of any Senior Indebtedness in order to implement the foregoing provisions of this Section 3. 
 4.
Transfer; Successors and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Notwithstanding the foregoing, the Holder may not assign,
pledge, or otherwise transfer this Note without the prior written consent of the Company, except for transfers to affiliates. Subject to the preceding sentence, this Note may be transferred only upon surrender of the original Note for registration
of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal amount and interest will be issued to, and registered in the name of, the
transferee. Interest and principal are payable only to the registered holder of this Note. 
 5. Governing Law. This Note and
all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of
law. 
 6. Notices. Any notice required or permitted by this Note shall be in writing and shall be deemed sufficient upon
delivery, when delivered personally or by a nationally-recognized delivery service (such as Federal Express or UPS), or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid,
addressed to the party to be notified at such party’s address as set forth below or as subsequently modified by written notice. 
 7.
Amendments and Waivers. Any term of this Note may be amended only with the written consent of the Company and the Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company,
the Holder and each transferee of the Note. 
  

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

			
	 COMPANY:
  
 SAFLINK CORPORATION

		
	By:	 	 
		
	Name:	 	 
		 	(print)
	Title:	 	 
		
	Address:	 	 12413 Willows Road NE
 Suite 300
 Kirkland, WA 98034 

  

			
	 AGREED TO AND ACCEPTED:
  
 GLENN L. ARGENBRIGHT

		
	By:	 	 
		
	Name:	 	 
		 	(print)
	Title:	 	 
		
	Address:	 	

  
  
  
  

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