Satisfaction and Release. If (a) all Obligations secured hereby shall be paid, performed and satisfied in full, (b) the Mortgaged Property (or any portion thereof, in which case the provisions of clauses (i) through (iv) below shall be applicable only to such portion) shall be sold, consigned, conveyed or transferred in accordance with the provisions of the Pipelines Agreement, [and/or] (c) the Pipelines Agreement shall be terminated, cancelled or otherwise expire, and the Obligations of the Partnership Entities (as defined in the Pipelines Agreement) set forth in Section 2(f) of the Pipelines Agreement shall no longer be applicable, and/or (d) at any time Grantor’s or HEP’s (in the event Grantor does not have a stand-alone credit rating) senior unsecured debt has an Investment Grade Rating (as hereinafter defined) from both Mxxxx’x Investors Service, Inc. (“Mxxxx’x”) and Standard & Poor’s Ratings Group (“S&P”) (or any successor to the rating business of either thereof), then (i) this Deed of Trust shall be null and void, (ii) the liens and security interests created by this Deed of Trust shall be released as promptly as practicable, (iii) the Mortgaged Property shall revert to Grantor (or the transferee in the case of clause (b) above) free and clear of the liens and security interests created by this Deed of Trust, and (iv) Beneficiary and Trustee (as applicable) shall execute and deliver, or cause to be executed and delivered, instruments of satisfaction and release that are reasonably requested by Grantor. Otherwise, this Deed of Trust shall remain and continue in full force and effect. As used in this Section 9.6, the term “Investment Grade Rating” shall mean a rating equal to or higher than Baa3 (or the equivalent) by Mxxxx’x, or BBB- (or the equivalent) by S&P.

Satisfaction and Release. Upon satisfaction of the requirements of Section 1.22 hereof providing for a release of the lien of this Deed of Trust, the assignment made in this Section 1.20 and all rights hereunder assigned to Beneficiary shall cease and terminate and shall revert to Grantor.

Satisfaction and Release. If Mortgagor shall pay to Mortgagee the Secured Indebtedness, at the times and in the manner stipulated in the Loan Documents, then this Mortgage shall be satisfied and released of record by Mortgagee in accordance with the laws of Florida. Provided that all of the Assignment Conditions (as hereinafter defined) are satisfied, Mortgagee agrees, upon request of Mortgagor, in lieu of executing a satisfaction and release of the Mortgage, to assign the Mortgage, without recourse, representation or warranty of any kind (other than that the Mortgagee is the holder of the Mortgage and is authorized to transfer the same) to any financial institution or other lender designated by Mortgagor. As used herein, the term “Assignment Conditions” shall mean all of the following: (i) Mortgagor shall have paid to Mortgagee a non-refundable processing fee of $2,500.00 plus all of the reasonable out-of-pocket costs and expenses of Mortgagee in connection with the proposed assignment of the Mortgage and all related documents (including, without limitation, reasonable attorneys’ fees and disbursements); (ii) the request for assignment by Mortgagor is made not less than thirty (30) days (and not more than (90) days) prior to the date of the proposed payoff of the Loan; (iii) the form of the Assignment of Mortgage and Allonge to the Note are reasonably satisfactory to Mortgagee (and contain only those representations set forth in this Section 1.04; (iv) Mortgagor pays all transfer tax, mortgage recording tax, documentary stamp or intangibles tax due in connection with the assignment of the Mortgage or other assignment documents being executed by Mortgagee; (v) Mortgagor and Liable Party execute a release, with respect to the Loan and the Loan Documents, of Mortgagee in such form as shall be reasonably required by Mortgagee; and (vi) Mortgagee is permitted by applicable federal or state law to assign the Mortgage (it being understood that if there is any legal requirement to obtain consent prior to assignment, then in no event shall Mortgagee be obligated to assign the Mortgage until such time as consent is obtained).

Satisfaction and Release. Raven hereby acknowledges and agrees that upon payment of the Consideration, no further payments shall be due to Raven from Terra Gold under the Terra Gold Agreement, and each party shall be fully released from its obligations to each other or affiliates of each other under the Terra Gold JV Agreement. Without limiting the generality of the foregoing sentence, no additional royalty for any past mining activity by Terra Gold up to the date of this Letter Agreement is due from Terra Gold to Raven, and Raven hereby acknowledges that it has received all royalty payments to which i t is due as of the date of this Letter Agreement. Terra Gold Corporation February 12, 2014

Satisfaction and Release. This SATISFACTION AND RELEASE (“Agreement”) is made and entered into this 12th day of November, 2020 (the “Effective Date”), between ImageWare Systems, Inc., a Delaware corporation (the “Company”), and S. Jaxxx Xxxxxx, an individual (the “Lender”). Capitalized terms not otherwise defined herein shall have the meanings as set forth in that certain Debt Exchange Agreement dated November 12, 2020 (the “Exchange Agreement”), by and between the Company and Lender.

Satisfaction and Release. Each of TIL and Xxxxxxxxx, hereby agree that this Agreement is being entered into in full satisfaction of any and all obligations (the "Obligations") of the Company to either TIL or Xxxxxxxxx that exist as of the date hereof, including but not limited to any and all expenses incurred by Xxxxxxxxx relating to TIL. In addition, TIL and Xxxxxxxxx, respectively, on behalf of their respective heirs, executors, officers, directors, employees, investors, shareholders, administrators, subsidiaries, predecessor and successor corporations, and assigns, hereby fully and forever release the Company and its respective heirs, executors, officers, directors, employees, investors, shareholders, administrators, subsidiaries, predecessor and successor corporations, and assigns, of and from any claim, duty, obligation or cause of action relating to the Obligations. In consideration for the full satisfaction and release of the Obligations, the Company will issue to Xxxxxxxxx a convertible promissory note (the "Note") in the form attached hereto as EXHIBIT A in the face amount of US$225,000 which shall be convertible on the terms specified therein into the Company's Common Stock at US$0.38 per share. Each of TIL and Xxxxxxxxx acknowledge and agree that the receipt by Xxxxxxxxx of the Note represents sufficient and full consideration for the full satisfaction and release which each of them is providing hereunder.

Satisfaction and Release. Upon payment and performance in full of the Secured Obligations (i) this Pledge Agreement and all liens, security interests, rights and remedies granted or provided to Pledgee hereunder or by reason hereof shall automatically terminate and be without further force or effect; (ii) Pledgee shall take all actions reasonably requested by Pledgor to confirm) the foregoing, and (iii) Pledgor shall have sole and exclusive authority to deal with, and instruct Obligors with respect to, the Pledged Collateral.

Satisfaction and Release. The conditions of this Mortgage are such that if (a) Mortgagor shall duly pay all of the Indebtedness and duly perform and observe all of the obligations, and (b) Agent shall have no further right or obligation to advance any further sums which would be a part of the Indebtedness secured hereby, then this Mortgage shall be void; otherwise, this Mortgage shall continue in full force and effect.

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