NOTE AND SECURITY AGREEMENT (SILICON VALLEY BANK PLEDGORS)Note and Security Agreement • January 29th, 2010 • Braintech Inc • Services-computer integrated systems design
THIS NOTE AND SECURITY AGREEMENT (this “Agreement”) dated as of January 15, 2010 (the “Effective Date”) among (a) Rick Weidinger, Kenneth Brooks, David Baird, Frederick Bohlander, and Colin Eagen, and any other person listed in Exhibit A (each, a “Pledgor,” and collectively, “Pledgors”), and (b) BRAINTECH, INC., a Nevada corporation (“Braintech, Inc”), BRAINTECH INDUSTRIAL, INC., a Delaware corporation (“Braintech Industrial”) and BRAINTECH GOVERNMENT & DEFENSE, INC., a Delaware corporation (“Braintech Government”) (hereinafter, Braintech, Inc., Braintech Industrial and Braintech Government are jointly and severally, individually and collectively, referred to as “Borrower”), provides the terms on which Pledgors shall lend to Borrower and Borrower shall repay Pledgors. The parties agree as follows:
EMPLOYMENT AGREEMENTEmployment Agreement • January 29th, 2010 • Braintech Inc • Services-computer integrated systems design
THIS EMPLOYMENT AGREEMENT (the “Agreement”), made as of January 1, 2010 (the “Effective Date”), by and between BRAINTECH CANADA, INC., a Canadian Company, incorporated in the province of British Columbia and having an office 360 – 555 Sixth Street, New Westminster BC, V3L 5H1 and BRAINTECH, INC. a Nevada corporation with its principal offices at 1750 Tysons Blvd., Suite 350, McLean, VA 22102 (together “Braintech”), and EDWARD A. WHITE, an individual residing at #416 – 5 K de K Court, New Westminster, BC, V3M 6B6 Canada (the “Employee”).
PLEDGE AND STOCK PURCHASE AGREEMENTPledge and Stock Purchase Agreement • January 29th, 2010 • Braintech Inc • Services-computer integrated systems design
This Pledge and Stock Purchase Agreement (“Agreement”) is entered into on the date(s) set forth in the signature block below with the intention that it be effective as of January 15, 2010 (“Effective Date”) by Braintech, Inc., a Nevada corporation (“Braintech”) and Purchaser.
