Scanner Technologies Corp Sample Contracts

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EXHIBIT 10.2 ------------
License Agreement • November 14th, 2002 • Scanner Technologies Corp • Non-operating establishments • Minnesota
WITNESSETH:
Lease Agreement • March 30th, 2004 • Scanner Technologies Corp • Special industry machinery, nec
BUSINESS LOAN AGREEMENT
Business Loan Agreement • August 14th, 2007 • Scanner Technologies Corp • Special industry machinery, nec • Minnesota

THIS BUSINESS LOAN AGREEMENT dated April 12, 2007, is made and executed between SCANNER TECHNOLOGIES CORPORATION (“Borrower”) and Bremer Bank, National Association (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement (“Loan”). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.

EXHIBIT 10.1 ------------
Employment Agreement • November 14th, 2002 • Scanner Technologies Corp • Non-operating establishments • Minnesota
Contract
Common Stock Purchase • March 21st, 2008 • Scanner Technologies Corp • Special industry machinery, nec

THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER EITHER THE SECURITIES ACT OF 1933 OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, OFFERED, PLEDGED OR OTHERWISE DISTRIBUTED FOR VALUE UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND SUCH LAWS COVERING SUCH SECURITIES, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT, OFFER, PLEDGE OR OTHER DISTRIBUTION FOR VALUE IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND SUCH LAWS.

EXHIBIT 10.4 ------------
Scanner Technologies Corp • November 14th, 2002 • Non-operating establishments • Arizona
SEVENTH AMENDMENT TO LEASE
Lease • August 14th, 2007 • Scanner Technologies Corp • Special industry machinery, nec

THIS SEVENTH AMENDMENT TO LEASE (the “Seventh Amendment”) is entered into as of this 9th day of March, 2007, by and between PARKERS LAKE II REALTY LLC, a Delaware limited liability company, with an address in care of Great Point Investors LLC, Two Center Plaza, Suite 410, Boston, MA 02108 (“Landlord”), and SCANNER TECHNOLOGIES CORPIRATION, a Minnesota corporation, with an address of 14505 214 Avenue, Suite 216/218, Plymouth, MN 55447 (“Tenant”).

EMPLOYMENT AGREEMENT
Employment Agreement • October 30th, 2007 • Scanner Technologies Corp • Special industry machinery, nec • Minnesota

THIS AGREEMENT, made effective January 1, 2004 by and between Scanner Technologies Corporation, a Minnesota corporation (the “Company”), and David Mork, an individual resident of the State of Arizona, (the “Employee”).

EMPLOYMENT AGREEMENT
Employment Agreement • August 13th, 2004 • Scanner Technologies Corp • Special industry machinery, nec • Minnesota

THIS AGREEMENT, made effective January 1, 2004 by and between Scanner Technologies Corporation, a Minnesota corporation (the “Company”), and David Mork, an individual resident of the State of Arizona, (the “Employee”).

CHANGE IN TERMS AGREEMENT
Change in Terms Agreement • November 7th, 2005 • Scanner Technologies Corp • Special industry machinery, nec

Borrower: SCANNER TECHNOLOGIES CORPORATION 14505 21st Avenue #220 Minneapolis, MN 55447 Lender: BREMER BANK, NATIONAL ASSOCIATION St. Anthony Office 2401 Lowry Ave. NE St. Anthony, MN 55418-4000

EXHIBIT 10.3 ------------ AGREEMENT
Agreement • November 14th, 2002 • Scanner Technologies Corp • Non-operating establishments
PATENT SECURITY AND LICENSE AGREEMENT
Patent Assignment Agreement • October 30th, 2007 • Scanner Technologies Corp • Special industry machinery, nec • Minnesota
AMENDMENT TO LEASE December 15, 2003
Scanner Technologies Corp • March 30th, 2004 • Special industry machinery, nec
LEASE RENEWAL ADDENDUM
Scanner Technologies Corp • March 21st, 2008 • Special industry machinery, nec

The above named Lessee will be renewing the Lease Agreement dated December 7, 2000 and Amended December 15, 2003, January 21, 2004, February 19, 2004 and January 29, 2007. The terms and conditions shall remain in full force and effect with the exception of the following:

CHANGE IN TERMS AGREEMENT
Change in Terms Agreement • November 3rd, 2004 • Scanner Technologies Corp • Special industry machinery, nec

Borrower: SCANNER TECHNOLOGIES CORPORATION 14505 21st Avenue #220 Minneapolis, MN 55447 Lender: BREMER BANK, NATIONAL ASSOCIATION St. Anthony Office 2401 Lowry Ave. NE St. Anthony, MN 55418-4000

LEASE RENEWAL ADDENDUM
Scanner Technologies Corp • August 14th, 2007 • Special industry machinery, nec

The above named Lessee will be renewing the Lease Agreement dated December 7, 2000 and Amended December 15, 2003, January 21, 2004 and February 19, 2004. The terms and conditions shall remain in full force and effect with the exception of the following:

BUSINESS LOAN AGREEMENT
Business Loan Agreement • November 3rd, 2004 • Scanner Technologies Corp • Special industry machinery, nec • Minnesota

THIS BUSINESS LOAN AGREEMENT between SCANNER TECHNOLOGIES CORPORATION (“Borrower”) and BREMER BANK, NATIONAL ASSOCIATION (“Lender”) is made and executed on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans and other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. All such loans and financial accommodations, together with all future loans and financial accommodations from Lender to Borrower, are referred to In this Agreement individually as the “Loan” and collectively as the “Loans.” Borrower understands and agrees that: (a) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements, as set forth in this Agreement; (b) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (c)

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THIRD AMENDMENT TO LEASE FEBRUARY 19, 2004
Scanner Technologies Corp • March 28th, 2007 • Special industry machinery, nec

This Third Amendment to Lease is to that certain Lease Agreement dated December 7, 2000 and amended on December 15, 2003 and January 21, 2004 by and between CARLETON INVESTORS, L.L.C. (“Lessor”) and SCANNER TECHNOLOGIES CORPORATION, a Minnesota corporation (“Lessee”) for the Premises described as 4665 South Ash Avenue, Suite G-19 & G-20, Tempe, Arizona.

SECURITY AGREEMENT
Security Agreement • October 30th, 2007 • Scanner Technologies Corp • Special industry machinery, nec • Minnesota

IN CONSIDERATION of one dollar and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

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