0000927016-02-004169 Sample Contracts

SECTION 1
Loan Agreement • August 15th, 2002 • Gsi Lumonics Inc • Special industry machinery, nec • Massachusetts
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TERMINATION AMENDMENT TO THE SEVERANCE AGREEMENT BETWEEN GSI LUMONICS INC. AND VICTOR H. WOOLLEY
Severance Agreement • August 15th, 2002 • Gsi Lumonics Inc • Special industry machinery, nec

This Termination Amendment is entered into this 25th day of June, 2002 between GSI Lumonics Inc. with corporate offices at 105 Schneider Road, Kanata, Ontario Canada K2K 1Y3 ("Company") and Victor H. Woolley of XXXXXXX ("Executive") for the express purpose of terminating the Severance Agreement dated May 24, 2001 ("Severance Agreement") entered into between the Company and the Executive. In the event of a conflict between the Severance Agreement and this Amendment thereto, this Amendment shall prevail and govern.

EXHIBIT 4.14 SECURITY AGREEMENT (Pledged Collateral) In consideration of the obligations of General Scanning, Inc. (the "Borrower" or the "Pledgor") to Fleet National Bank (the "Bank") pursuant to a Loan Agreement between the Borrower and the Bank of...
Security Agreement • August 15th, 2002 • Gsi Lumonics Inc • Special industry machinery, nec • Massachusetts

In consideration of the obligations of General Scanning, Inc. (the "Borrower" or the "Pledgor") to Fleet National Bank (the "Bank") pursuant to a Loan Agreement between the Borrower and the Bank of even date herewith (the "Loan Agreement"), the Pledgor assigns, transfers and delivers to the Bank the collateral described on Exhibit A attached hereto and made a part hereof, together with any additions to or substitutions for said property and any and all proceeds of the same, all of which shall hereinafter be referred to as "Collateral". The Bank may receive the income and any distribution thereon and hold the same as Collateral for the Obligations, whether or not an event of default has occurred, or apply the same to any defaulted Obligation.

ATTACHMENT A TERMINATION AMENDMENT TO THE SEVERANCE AGREEMENT BETWEEN GSI LUMONICS INC. AND VICTOR H. WOOLLEY
Employment Agreement • August 15th, 2002 • Gsi Lumonics Inc • Special industry machinery, nec
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