SERVICES AGREEMENTServices Agreement • April 5th, 2012 • Cyalume Technologies Holdings, Inc. • Electric lighting & wiring equipment • Delaware
This SERVICES AGREEMENT (“Agreement”), effective as of April 2, 2012 (the “Effective Date”), is entered into by and between Cyalume Technologies, Inc., a Delaware corporation (the “Company”), Cyalume Technologies Holdings, Inc., a Delaware corporation (“Holdings”) and East Shore Ventures, LLC, a Florida limited liability company (“Contractor”) (collectively, the “Parties” and, each, a “Party”).
SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement • April 5th, 2012 • Cyalume Technologies Holdings, Inc. • Electric lighting & wiring equipment • Delaware
This SEPARATION AGREEMENT AND GENERAL RELEASE (“Agreement”) is entered into by and between Cyalume Technologies, Inc. (the “Company”) and Derek Dunaway (“Employee”) (collectively, the “Parties” and, each, a “Party”). The Parties entered into an Employment Agreement effective May 15, 2009 (the “Employment Agreement”), pursuant to which Employer employed Employee as Chief Executive Officer of the Company (“CEO”) for a three year term ending May 14, 2012. The Company has advised Employee that it does not intend to renew the Employment Agreement and that it has retained the services of another individual (the “Successor CEO”) that will assume all the authority and responsibilities previously exercised by Employee, effective April 2, 2012. In consideration of the mutual promises and agreements contained in this Agreement, and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
INDUCEMENT AGREEMENTInducement Agreement • April 5th, 2012 • Cyalume Technologies Holdings, Inc. • Electric lighting & wiring equipment • Delaware
This INDUCEMENT AGREEMENT (“Agreement”), effective as of April 2, 2012 (the “Effective Date”), is entered by and between East Shore Ventures LLC (the “Company”) and Zivi Nedivi (“Nedivi”) (collectively, the “Parties” and, each, a “Party”). Capitalized terms used herein but not otherwise defined shall have the same meaning as in the Services Agreement, effective April 2, 2012, between Cyalume Technologies, Inc. (“Cyalume”), Cyalume Technologies Holdings, Inc. (“Holdings”) and the Company (the “Services Agreement”).
