Document:

ex10-41.htm

    EXHIBIT
10.41

     

    
      First
Amendment

      To

      Change
of Control and Severance Benefits Agreement

      

      This
First Amendment (the
“First Amendment”) to Change of Control and Severance Benefits Agreement is made this 27h day
of September, 2008, by and between ImageWare Systems, Inc., a Delaware
corporation (the “Company”), on the one hand, and Charles AuBuchon, Vice
President of Sales, on the other hand (the “Executive”).  

                          

      WHEREAS, the Company and the
Executive entered into a Change of Control and Severance Benefits Agreement
dated as of October 31, 2005 (the “Severance Agreement”); and

      

      WHEREAS, the Executive
continues to perform valuable services for the Company and the Company desires
to assure itself of the continuing services of Executive; and

      

      WHEREAS, in consideration of
the foregoing and in order to amend the terms of the Agreement and to provide
for the continued services of the Executive in accordance with the present
intent of the Company and the Executive.

      

      NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, and in further consideration of the
mutual covenants contained in the Severance Agreement, the parties do hereby
agree that the Severance Agreement is hereby amended as follows:

      

      Section “2. Term of
Agreement”  strike the
language “continue until the third anniversary of the Effective Date” and
replace it with “continue until June 30, 2009”.

      

      

      

      

      _________________________________                                            _________________________________

      

      ImageWare
Systems,
Inc.                                                                           Charles
AuBuchonex10-42.htm

    EXHIBIT
10.42

     

    
      First
Amendment

      To

      Change
of Control and Severance Benefits Agreement

      

      This
First Amendment (the
“First Amendment”) to Change of Control and Severance Benefits Agreement is made this 27h day
of September, 2008, by and between ImageWare Systems, Inc., a Delaware
corporation (the “Company”), on the one hand, and David Harding, Vice President
of Engineering and Chief Technical Officer, on the other hand (the “Executive”).
 

                          

      WHEREAS, the Company and the
Executive entered into a Change of Control and Severance Benefits Agreement
dated as of May 21, 2007 (the “Severance Agreement”); and

      

      WHEREAS, the Executive
continues to perform valuable services for the Company and the Company desires
to assure itself of the continuing services of Executive; and

      

      WHEREAS, in consideration of
the foregoing and in order to amend the terms of the Agreement and to provide
for the continued services of the Executive in accordance with the present
intent of the Company and the Executive.

      

      NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, and in further consideration of the
mutual covenants contained in the Severance Agreement, the parties do hereby
agree that the Severance Agreement is hereby amended as follows:

      

      Section “2. Term of
Agreement”  strike the
language “continue until the second anniversary of the Effective Date” and
replace it with “continue until June 30, 2009”.

      

      

      

      

      _________________________________                                                              _________________________________

      

              ImageWare
Systems,
Inc.                                                                                     David
Hardingex10-43.htm

    EXHIBIT
10.43

     

    
      First
Amendment

      to

      Employment
Agreement

      

      This
First Amendment (the
“First Amendment”) to Employment Agreement is made
this 27h day
of September, 2008, by and between ImageWare Systems, Inc., a Delaware
corporation (the “Company”), on the one hand, and S. James Miller, Chairman of
the Board of Directors and Chief Executive Officer of the Company, on the other
hand (the “Executive”).  

                          

      WHEREAS, the Company and the
Executive entered into an Employment Agreement dated as of September 27, 2005
(the “Employment Agreement”); and

      

      WHEREAS, the Executive
continues to perform valuable services for the Company and the Company desires
to assure itself of the continuing services of Executive; and

      

      WHEREAS, in consideration of
the foregoing and in order to amend the terms of the Agreement and to provide
for the continued services of the Executive in accordance with the present
intent of the Company and the Executive.

      

      NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, and in further consideration of the
mutual covenants contained in the Employment Agreement, the parties do hereby
agree that the Employment Agreement is hereby amended as follows:

      

      Section “2. Term of
Agreement”  strike the
language “continue until the third anniversary of the Effective Date” and
replace it with “continue until June 30, 2009”.

      

      

      

      

      _________________________________                                           _________________________________

      

      ImageWare
Systems,
Inc.                                                                           S.
James Millerex10-44.htm

    EXHIBIT
10.44

     

    
      First
Amendment

      to

      Employment
Agreement

      

      This
First Amendment (the
“First Amendment”) to Employment Agreement is made
this 27h day
of September, 2008, by and between ImageWare Systems, Inc., a Delaware
corporation (the “Company”), on the one hand, and Wayne Wetherell, Senior Vice
President and Chief Financial  Officer of the Company, on the other
hand (the “Executive”).  

                          

      WHEREAS, the Company and the
Executive entered into an Employment Agreement dated as of September 27, 2005
(the “Employment Agreement”); and

      

      WHEREAS, the Executive
continues to perform valuable services for the Company and the Company desires
to assure itself of the continuing services of Executive; and

      

      WHEREAS, in consideration of
the foregoing and in order to amend the terms of the Agreement and to provide
for the continued services of the Executive in accordance with the present
intent of the Company and the Executive.

      

      NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration,
receipt of which is hereby acknowledged, and in further consideration of the
mutual covenants contained in the Employment Agreement, the parties do hereby
agree that the Employment Agreement is hereby amended as follows:

      

      Section “2. Term of
Agreement”  strike the
language “continue until the third anniversary of the Effective Date” and
replace it with “continue until June 30, 2009”.

      

      

      

      

      _________________________________                                            _________________________________

      

      ImageWare
Systems,
Inc.                                                                           Wayne
Wetherellex10-45.htm

    EXHIBIT
10.45

     

    
      

      UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, AND IT
MAY NOT BE SOLD, TRANSFERRED OF OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION OR ANY EXEMPTION THEREFROM UNDER SAID ACT AND SUCH LAWS AND THE
RESPECTIVE RULES AND REGULATIONS THEREUNDER.

      

      IMAGEWARE
SYSTEMS, INC.

      

      7.0%
Convertible Note due February 14, 2009

      

      $[_______]

      

      November
14, 2008

      

      FOR VALUE
RECEIVED, the undersigned ImageWare Systems, Inc., a corporation organized and
existing under the laws of the State of Delaware (herein called the “Company”),
hereby promises to pay to [___________], or order, the principal sum of
[define amount] ($_______) (with interest on the unpaid balance thereof at the
rate of 7.0% per annum from the date hereof), within three months commencing on
November 14, 2008.   Until the principal hereof shall have become
due and payable, interest will accrue and be added to the
principal.

      

      Payment
of both principal and interest are to be made at the address shown on the
Company’s books or at such other place as the holder hereof shall designate to
the Company in writing, in lawful money of the United States of
America.

      

      In the
event that interest or principal on this Note is not paid when due, then the
principal and accrued interest of the Note may be declared immediately due and
payable by the holder hereof. The Company agrees to pay, and save the holder
hereof harmless against any liability for, any expenses arising in connection
with the enforcement by the holder hereof of any of its rights under this
Note.

      

      This Note
shall be convertible into securities of the Company as follows:

      

      The
principal amount of this Note plus accrued but unpaid interest thereon shall be
convertible, at the option of the holder thereof, at any time after date hereof,
into Common Stock.  The number of shares into which the Note is
convertible shall be calculated by dividing the total outstanding principal and
accrued but unpaid interest by $0.55 (Conversion Price).

      

      The
conversion of this Note into Common Stock shall be effected by the surrender of
this Note, duly endorsed in blank, at the office of the Corporation, with
written notice to the Corporation of the election to convert the same and shall
state therein the name or names in which the securities included in the shares
are to be issued. The Corporation shall, as soon as practicable thereafter,
issue and deliver to such holder certificates of Common Stock into which the
Note was converted.

      

      The
Conversion Price of the Stock shall be subject to adjustment to reflect any
stock splits.

      

      This Note
shall be construed and enforced in accordance with the laws of the State of
California.

      

      

      

      IMAGEWARE  SYSTEMS,
INC.

      

      

      

      By:________________________________

      Wayne
Wetherell, SVP and CFO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]