0001104659-02-003966 Sample Contracts

DIRECT REPORTS AGREEMENT
Direct Reports Agreement • August 14th, 2002 • Fargo Electronics Inc • Services-computer programming services • Minnesota

This Agreement (this “Agreement”), effective as of May 1, 2002, is between Fargo Electronics, Inc., a Delaware corporation located at 6533 Flying Cloud Drive, Eden Prairie, Minnesota 55344 (“Fargo”) and Paul W. B. Stephenson, an individual residing at 818 Hidden Meadow Trail, Eagan, MN 55123 (the ”Executive”).

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