SECURITY AGREEMENTSecurity Agreement • January 8th, 2008 • Widepoint Corp • Services-computer integrated systems design • Virginia
WIDEPOINT CORPORATION a Delaware Corporation One Lincoln Centre 18W140 Butterfield Road, Suite 1100 Oakbrook Terrace, Illinois 60181
DEBT SUBORDINATION AGREEMENTDebt Subordination Agreement • January 8th, 2008 • Widepoint Corp • Services-computer integrated systems design • Virginia
DATE AND PARTIES. The date of this Debt Subordination Agreement (Agreement) is January 2, 2008. The parties and their addresses are:
LOAN NUMBER LOAN NAME ACCT. NUMBER AGREEMENT DATE INITIALS CL522040275-1 WidePoint Corporation 01/02/08 NOTE AMOUNT INDEX (w/Margin) RATE MATURITY DATE LOAN PURPOSE $5,000,000.00 Wall Street Journal Prime plus 0.250% 7.5% 04/30/09 Commercial Creditor...Commercial Loan Agreement • January 8th, 2008 • Widepoint Corp • Services-computer integrated systems design • Virginia
DATE AND PARTIES. The date of this Commercial Loan Agreement (Agreement) is January 2, 2008. The parties and their addresses are as follows:
EMPLOYMENT AND NON-COMPETE AGREEMENTEmployment Agreement • January 8th, 2008 • Widepoint Corp • Services-computer integrated systems design
This Employment and Non-Compete Agreement (the “Agreement”) is made as of January 4, 2008, between iSYS, LLC, a Virginia limited liability company (the “Company”); WidePoint Corporation, a Delaware corporation (“WidePoint”); and Jin Kang (the “Executive”). The parties agree that the terms and provisions of this Agreement are subject to and contingent upon the closing of the acquisition of all of the membership interests in the Company by WidePoint (the “Acquisition”). Subject to the foregoing, the Company, WidePoint and Executive hereby agree as follows:
MEMBERSHIP INTEREST PURCHASE AGREEMENT BY AND AMONG WIDEPOINT CORPORATION AND iSYS, LLC AND JIN KANG Dated as of January 2, 2008Membership Interest Purchase Agreement • January 8th, 2008 • Widepoint Corp • Services-computer integrated systems design • Virginia
This MEMBERSHIP INTEREST PURCHASE AGREEMENT, dated as of January 2, 2008 (the “Effective Date”), is entered into by and among WIDEPOINT CORPORATION, a Delaware corporation (the “Purchaser”); iSYS, LLC, a Virginia limited liability company (the “Company”); and Jin Kang, a resident of the Commonwealth of Virginia and is the sole member of the Company (the “Sole Member”). Capitalized terms used and not otherwise defined herein have the meanings set forth in Article 10.
