EMPLOYMENT AGREEMENTEmployment Agreement • July 20th, 2012 • T3 Motion, Inc. • Motor vehicles & passenger car bodies • California
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is effective as of July 17, 2012, between R3 Motion, Inc. (the “Company”) and T3 Motion, Inc. (the “Parent”), on the one hand, and Ki Nam (“Executive”), on the other hand. The Company and Executive are the “Parties” and, each, a “Party”. The Parent is made a party to this Agreement in connection with its obligations under Section 3.4 hereof.
STANDSTILL AGREEMENTStandstill Agreement • July 20th, 2012 • T3 Motion, Inc. • Motor vehicles & passenger car bodies • California
This Standstill Agreement (the “Agreement”) is made and entered into effective as of the 17th day of July 2012 (the “Effective Date”) by and between T3 Motion, Inc. (the “Company”) and the undersigned Non-Executive Directors (the “Directors”) of the Company’s Board of Directors (the “T3 Board”), on the one hand, and Ki Nam, for and on behalf of himself and entities and accounts that he controls directly or indirectly, or with respect to which he exercises voting discretion, whether such entities or accounts now exist or are organized in the future, including any such entities and accounts holding shares that were reported in the Schedule 13D filed with respect to Mr. Nam (collectively the “Affiliates”), on the other hand. The Company, the Directors and Mr. Nam are sometimes referred to each as a “Party” and collectively as the “Parties.”
Term SheetTerm Sheet • July 20th, 2012 • T3 Motion, Inc. • Motor vehicles & passenger car bodies
This Term Sheet (the “Term Sheet”) between T3 Motion, Inc., a Delaware corporation (the “Company”), and Ki Nam, the founder and a shareholder of the Company (and with the Company each a “Party” and collectively the “Parties”), is dated as of July 17, 2012 (the “Effective Date”), and sets forth the understandings of the Parties concerning: (1) the appointment of Mr. Nam to certain management positions with R3 Motion Inc., a wholly owned subsidiary of the Company (“the Subsidiary”), (2) the resignation of Mr. Nam from his positions with the Company, and (3) licensing and other rights of the Subsidiary. Unless otherwise provided herein, and subject to the Parties entering into formal agreements as specified herein, the terms of this Term Sheet is binding on the Parties.
