-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Pf8cxUp6sh2KGhFoPqbs0DRlrQ1p6uNZB81uFLglAMc6gE0rcoucK4DbADgKPypp
 mfw8E4VnFE/7L262fTkbvg==

<SEC-DOCUMENT>0001144204-08-016552.txt : 20080320
<SEC-HEADER>0001144204-08-016552.hdr.sgml : 20080320
<ACCEPTANCE-DATETIME>20080320132110
ACCESSION NUMBER:		0001144204-08-016552
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20080314
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080320
DATE AS OF CHANGE:		20080320

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Intelli Check Mobilisa, Inc
		CENTRAL INDEX KEY:			0001040896
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				113234779
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50296
		FILM NUMBER:		08701534

	BUSINESS ADDRESS:	
		STREET 1:		246 CROSSWAYS PARK WEST
		CITY:			WOODBURY
		STATE:			NY
		ZIP:			11797
		BUSINESS PHONE:		516-992-1900

	MAIL ADDRESS:	
		STREET 1:		246 CROSSWAYS PARK WEST
		CITY:			WOODBURY
		STATE:			NY
		ZIP:			11797

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTELLI CHECK INC
		DATE OF NAME CHANGE:	19990917
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v107606_8k.htm
<TEXT>
<html>
  <head>
    <title>
      Unassociated Document
</title><!-- Licensed to: VF-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;

      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="15%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
      TO SECTION 13 OR 15(d) OF</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>THE
      SECURITIES EXCHANGE ACT OF 1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
        of
        Report (Date of earliest event reported): March 14, 2008</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="25%">&#160;</td>
              <td valign="top" width="50%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Intelli-Check&#160;&#8211;
                  Mobilisa, Inc.</font></div>
              </td>
              <td valign="top" width="25%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="25%">&#160;</td>
              <td valign="top" width="50%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
                  name of registrant as specified in charter)</font></div>
              </td>
              <td valign="top" width="25%">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="32%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Delaware</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="32%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">001-15465</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="32%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11-3234779</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="32%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                  or other jurisdiction </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">of
                  incorporation)</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="32%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Commission
                  File </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Number)</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="32%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                  Employer </font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                  No.)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="66%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">246
                  Crossways Park West, Woodbury, NY</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="32%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11797</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="66%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                  of principal executive offices)</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="32%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Zip
                  Code)</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
        telephone number, including area code: </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">516-992-1900</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
              </div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
              </div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14d-2(b))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
              </div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
      into a Material Definitive Agreement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      14, 2008, each of the Directors of Intelli-Check&#160;&#8211; Mobilisa, Inc. (formerly
      known as Intelli-Check, Inc.) (the &#8220;Company&#8221;) entered into an agreement pursuant
      to which, for a one year period after the date of the agreement, the Board
      of
      Directors would nominate for election by the Company&#8217;s stockholders four persons
      selected by the members of the Company&#8217;s Board of Directors who were on the
      Company&#8217;s Board of Directors prior to the Transaction (as defined below) and
      four persons selected by the members of the Company&#8217;s Board of Directors who
      were appointed to the Company&#8217;s Board of Directors pursuant to the Transaction.
      In addition, the members of the Board of Directors have agreed to vote to
      maintain the number of members of the Board of Directors at eight (unless the
      Board of Directors unanimously approves a change in the number of
      directors).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      14, 2008, each of the following stockholders of the Company entered into an
      agreement pursuant to which, for one year after the date of the agreement,
      each
      of such stockholders agreed to vote in favor of the persons nominated by the
      Board of Directors pursuant to the Director Agreement described above and also
      to vote to maintain the number of members of the Board of Directors at eight
      (unless the Board of Directors unanimously approves a change in the number
      of
      directors): Bonnie L. Ludlow, Nelson Ludlow, Guy L. Smith, John E. (Jay)
      Maxwell, Arthur L. Money and Jeffrey Levy.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Completion
      of Acquisition or Disposition of Assets</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      14, 2008, the Company completed the previously announced acquisition of
      Mobilisa, Inc. (the &#8220;Transaction&#8221;). Mobilisa is a provider of mobile and
      wireless technology solutions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Earlier
      in the day, at a Special Stockholders Meeting, the stockholders of the Company
      approved the Transaction. Stockholders also approved (i) an amendment to the
      Company&#8217;s Certificate of Incorporation to change its name to
&#8220;Intelli-Check&#160;&#8211; Mobilisa, Inc.&#8221;, (ii) an amendment to the Company&#8217;s 2006
      Stock Option and Equity Incentive Plan to increase the number of shares of
      common stock authorized to be issued under the plan by 3,000,000, and (iii)
      an
      amendment to the Company&#8217;s Certificate of Incorporation to increase the number
      of authorized shares of common stock to 40,000,000.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the merger agreement relating to the Transaction, Mobilisa&#8217;s stockholders
      received 12,281,649 shares of the Company&#8217;s common stock and holders of
      Mobilisa&#8217;s options and warrants are entitled to receive options and warrants to
      purchase 2,429,932 shares of the Company&#8217;s common stock at an average per share
      exercise price of $0.50.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
      Sales of Equity Securities</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      14, 2008, in connection with the Transaction, the Company issued 12,281,649
      shares of its common stock to 6 individuals. No commissions or fees were paid
      in
      connection with the issuance of such securities. The shares were issued pursuant
      to the exemption from registration contained in Section 4(2) of the Securities
      Act of 1933, as amended, and the regulations promulgated thereunder, because
      the
      shares were issued to a small number of sophisticated individuals in a private
      transaction.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.02</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Departure
      of Directors or Principal Officers; Election of Directors; Appointment of
      Principal Officers; Compensatory Arrangements of Certain
      Officers.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      14, 2008, in connection with the Transaction:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 54pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Edwin
                Winiarz and Robert J. Blackwell resigned from the Company&#8217;s Board of
                Directors. Their resignation was not the result of any disagreement
                on any
                matter relating to the registrant&#8217;s operations, policies or
                practices.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 54pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
                Nelson Ludlow, Bonnie L. Ludlow, John Paxton and Lt. General Emil
                R.
                Bedard were appointed to the Company&#8217;s Board of Directors by the remaining
                members of the Company&#8217;s Board of Directors. Each of these persons was
                named to the Board of Directors pursuant to the merger agreement
                relating
                to the Transaction and the agreements described in Item 1.01 of this
                Current Report on Form 8-K. Mr. Paxton was named the Vice-Chairman
                of the
                Board of Directors and has been appointed as the Chairman of the
                audit
                committee and member of the compensation committee and General Bedard
                has
                been appointed to the audit committee, corporate governance committee
                and
                compensation committee. Dr. Ludlow and Ms. Ludlow are
                married.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 54pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
                Ludlow was named the Chief Executive Officer of the Company and he
                entered
                into an employment agreement with the Company, the terms of which
                are
                described below. Dr. Ludlow was a co-founder of Mobilisa, Inc. and
                has
                been its Chief Executive Officer and a director since its inception
                in
                March 2001. Dr. Ludlow has over 25 years experience in software
                development for the military and corporate sectors. While in the
                Air
                Force, Dr. Ludlow served as a mathematician, a pilot, an intelligence
                officer at the National Air Intelligence Center, Technical Director
                for
                Artificial Intelligence at USAF Rome Laboratory, Assistant Professor
                of
                Computer Science at the Naval Postgraduate School, and the Director
                of
                Technology and Services for Radar Evaluation Squadron. In the corporate
                sector, Dr. Ludlow served as the Director of C2 Modeling for SAIC,
                Chief
                Scientist for the Lockheed-Martin/ORINCON Corporation and Chief Technology
                Officer for Ameranth Wireless&#8212;all in San Diego. He holds a PhD in
                Artificial Intelligence from the University of Edinburgh, Scotland
                and
                completed Post-Doctoral work in Computer Science at the University
                of
                Cambridge, England. Additional degrees include a Bachelors of Science
                Degree from Washington State University in Math and Physical Sciences,
                as
                well as a Masters of Science degree in Computer Science from Wright
                State
                University in Dayton, Ohio.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 54pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Steven
                D. Williams was named the Chief Operating Officer of the Company.
                Mr.
                Williams was the Senior Vice President, Business Development of Mobilisa
                from August 2006 until March 14, 2008. He joined Mobilisa in February
                2006
                as Vice President, Business Development. Prior to that Mr. Williams
                was
                with The Analysis Group from March 2003 until February 2006. Prior
                to
                that, Mr. Williams served in numerous operational and staff positions
                within the United States Air Force. He was an Acquisitions Officer
                for
                seven years, completing Acquisition Professional Development Program
                (APDP) Level III and was on the Staff of the Secretary of the Air
                Force
                analyzing and assessing Strategic Congressional Engagement and Program
                Objectives Memorandum culminating in the Department of Defense budget.
                Mr.
                Williams holds Top Secret clearance and is currently a certified
                Federal
                Contracts Manger. Mr. Williams received a Master of Arts, Organizational
                Management from George Washington University, a Master of Business
                Administration from the University of North Dakota and a Bachelor
                of
                Science, Business Administration from Methodist College.
                </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 54pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Symbol, serif">&#183;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jeffrey
                Levy resigned from his position as interim Chief Executive Officer
                and was
                named non-executive Chairman of the Board of
                Directors.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      March
      14, 2008, the Company entered into an employment agreement with Dr. Ludlow,
      pursuant to which Dr. Ludlow was appointed the Company&#8217;s Chief Executive
      Officer. Dr. Ludlow will receive a salary of $220,000 per year, be granted
      options to purchase 25,000 shares of the Company&#8217;s common stock on March 20,
      2008 that will be immediately exercisable at a price per share equal to the
      fair
      market value of the Company&#8217;s common stock on the date of grant, and an annual
      bonus based on reasonable objectives established by the Company&#8217;s Board of
      Directors. Dr. Ludlow will be entitled to receive benefits in accordance with
      the Company&#8217;s existing benefit policies and will be reimbursed for company
      expenses in accordance with the Company&#8217;s expense reimbursement policies. The
      employment agreement has a term of two years. Dr. Ludlow may terminate the
      agreement at any time on 60 days prior written notice to the Company. In
      addition, the Company or Dr. Ludlow may terminate the employment agreement
      immediately for cause, as described in the employment agreement. If the Company
      terminates the agreement without cause, Dr. Ludlow will be entitled to severance
      equal to one year of his base salary, in addition to salary already earned.
      If
      Dr. Ludlow terminates the agreement for cause, Dr. Ludlow will be entitled
      to
      receive a payment equal to $50,000, in addition to salary already
      earned.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
      Statements and Exhibits.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      financial statements, selected financial information and pro-forma financial
      information of the Company relating to the Transaction are included in the
      Definitive Proxy Statement relating to the Special Meeting of Stockholders
      held
      on March 14, 2008 in the sections entitled &#8220;Mobilisa Selected Historical
      Financial Information&#8221; beginning on page 22, &#8220;Intelli-Check Selected Historical
      Financial Information&#8221; beginning on page 23, &#8220;Selected Unaudited Pro Forma
      Combined Financial Information&#8221; beginning on page 24, &#8220;Unaudited Pro-Forma
      Condensed Combined Financial Statements&#8221; beginning on page 82 and &#8220;Financial
      Statements&#8221; beginning on page F-1. Such information is incorporated by reference
      into this Current Report on Form 8-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibits:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="15%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit</strong></font></div>
              </td>
              <td valign="top" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
              <td valign="top" width="83%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director
                  Agreement dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stockholder
                  Agreement dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.3</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employment
                  Agreement with Nelson Ludlow dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                  Release, dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.2</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                  Release, dated March 17,
                  2008</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div align="right">
      <table border="0" cellpadding="0" cellspacing="0" width="50%">

          <tr>
            <td align="left" colspan="2" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INTELLI-CHECK&#160;&#8211;
                MOBILISA, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="50%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%" style="border-bottom: #ffffff thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
            </td>
            <td align="left" valign="top" width="45%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Peter J. Mundy</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Peter J. Mundy</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                Chief Financial Officer </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated:
      March 20, 2008</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
      Index</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="15%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit</strong></font></div>
              </td>
              <td valign="top" width="2%" style="border-bottom: #ffffff thin solid;">&#160;</td>
              <td valign="top" width="83%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director
                  Agreement dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.2</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stockholder
                  Agreement dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.3</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employment
                  Agreement with Nelson Ludlow dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                  Release, dated March 14, 2008</font></div>
              </td>
            </tr>
            <tr>
              <td valign="top" width="15%">&#160;</td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">&#160;</td>
            </tr>
            <tr>
              <td valign="top" width="15%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.2</font>&#160;</div>
              </td>
              <td valign="top" width="2%">&#160;</td>
              <td valign="top" width="83%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                  Release, dated March 17,
                  2008</font>&#160;</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>v107606_ex10-1.htm
<TEXT>
<html>
  <head>
    <title>
</title><!-- Licensed to: vintage filings llc-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
        10.1</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>INTELLI-CHECK&#160;&#8211;
      MOBILISA, INC.</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>DIRECTOR
      AGREEMENT</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Agreement (this &#8220;Agreement&#8221;) is made as of March 14, 2008 by and among
      Intelli-Check &#8211; Mobilisa, Inc., a Delaware corporation (the &#8220;Company&#8221;), and each
      of the individuals signatory hereto (each a &#8220;Director&#8221; and collectively, the
&#8220;Directors&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WITNESSETH:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      this Agreement is made pursuant to the Merger Agreement, dated November 20,
      2007, by and among the Company, Intelli-Check Merger Sub, Inc., a Washington
      corporation, Mobilisa, Inc., a Washington corporation, and certain common
      shareholders of Mobilisa, Inc. (&#8220;Mobilisa&#8221; and the Merger Agreement, the &#8220;Merger
      Agreement&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">pursuant
      to the Merger Agreement, the parties hereto wish to provide </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">for:
      (i)
      the orderly appointment of the Company&#8217;s board of directors (the &#8220;Board&#8221;)
      immediately after the Effective Time (as such term is defined in the Merger
      Agreement); (ii) the orderly naming of individuals to the slate of directors
      presented to the Company&#8217;s stockholders for election; and (iii) the orderly
      appointment of certain of the Company&#8217;s officers (any such appointment of
      directors and officers, the &#8220;Appointments&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">it
      is a
      condition of the Merger Agreement that each of the Voting Parties enter a voting
      agreement with the Company in the form of this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      herein, the receipt and sufficiency of which are hereby acknowledged, the
      parties hereto agree as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AGREEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Terms</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Merger Agreement shall have the meanings given to such terms in the Merger
      Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Covenants</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      During
      the term of this Agreement, to the extent he or she is entitled under the
      Company&#8217;s Certificate of Incorporation and the Delaware General Corporation Law,
      each Director agrees to use his or her best efforts to take, or cause to be
      taken, all actions and to do, or cause to be done, all things necessary or
      desirable to implement the Appointments contemplated by this Agreement. Neither
      the Company nor any Director will, by any voluntary action, avoid or seek to
      avoid the observance or performance of any of the terms to be performed
      hereunder by the Company or any such Director, as applicable, but will at all
      times in good faith assist in the carrying out of all of the provisions of
      this
      Agreement and in the taking of all such actions as may be necessary or
      appropriate in order to protect the rights of each Director hereunder against
      impairment.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Board
      of Directors</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Composition
      of the Board</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Immediately
      after the Effective Time, the Company&#8217;s Board shall be composed of eight (8)
      directors, four (4) of whom shall be appointed by the Board prior to the
      Effective Time (the &#8220;Intelli-Check Directors&#8221;) and four (4) of whom shall be
      appointed by Mobilisa&#8217;s board of directors prior to the Effective Time (the
&#8220;Mobilisa Directors&#8221;).</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      initial Intelli-Check Directors and the initial Mobilisa Directors shall
      be:</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="48%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Intelli-Check
                Directors</strong></font></div>
            </td>
            <td width="4%">&#160;</td>
            <td valign="top" width="48%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Mobilisa
                Directors</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Jeffrey
                Levy</font></div>
            </td>
            <td width="4%">&#160;</td>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nelson
                Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">John
                E. Maxwell</font></div>
            </td>
            <td width="4%">&#160;</td>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bonnie
                Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Arthur
                L. Money</font></div>
            </td>
            <td width="4%">&#160;</td>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">John
                Paxton</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Guy
                L. Smith</font></div>
            </td>
            <td width="4%">&#160;</td>
            <td align="left" valign="top" width="48%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Emil
                Bedard</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">For
      a
      period of not less than one (1) year after the date hereof and subject to the
      Company&#8217;s Certificate of Incorporation and the Delaware General Corporation Law,
      each Director agrees:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with each annual or special meeting of stockholders where the Board
      is to be elected, the Intelli-Check Directors shall be entitled to name four
      (4)
      persons to the slate of directors presented to the Company&#8217;s stockholders for
      election; and</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with each annual or special meeting of stockholders where the Board
      is to be elected, the Mobilisa Directors shall be entitled to name four (4)
      persons to the slate of directors presented to the Company&#8217;s stockholders for
      election.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Size
      of the Board</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      For a
      period of not less than one (1) year after the date hereof, the parties hereto
      agree that they shall maintain the size of the Board at eight (8) persons,
      unless the Board unanimously (with all directors voting) votes to increase
      the
      number of directors on the Board.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.4</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Obligations;
      Removal of Directors; Vacancies</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Each of
      the Directors and the Company agree not to take any actions that would
      materially and adversely affect the provisions of this Agreement. The parties
      acknowledge that the fiduciary duties of each member of the Company&#8217;s Board are
      to the Company&#8217;s stockholders as a whole. In the event any director elected
      pursuant to the terms hereof ceases to serve as a member of the Company&#8217;s Board,
      the Company and the Directors agree to take all such action as is reasonable
      and
      necessary, to cause the election or appointment of such other substitute person
      to the Board as may be designated on the terms provided herein.
</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">-2-</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Officers</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Immediately
      after the Effective Time:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Intelli-Check Directors shall have the right to designate the Chairman and
      appoint a Chief Financial Officer and a Chief Technology Officer; and
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">the
      Mobilisa Directors shall have the right to designate the Vice Chairman and
      appoint a Chief Executive Officer. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Successors
      in Interest of the Directors and the Company</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      provisions of this Agreement shall be binding upon the successors in interest
      of
      any Director with respect to any of such Director&#8217;s rights herein. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Grant
      of Proxy</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Should
      the provisions of this Agreement be construed to constitute the granting of
      proxies, such proxies shall be deemed coupled with an interest and are
      irrevocable for the term of this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Specific
      Enforcement</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      It is
      agreed and understood that monetary damages would not adequately compensate
      an
      injured party for the breach of this Agreement by any party hereto, that this
      Agreement shall be specifically enforceable, and that any breach of this
      Agreement shall be the proper subject of a temporary or permanent injunction
      or
      restraining order. Further, each party hereto waives any claim or defense that
      there is an adequate remedy at law for such breach or threatened breach and
      agrees that a party&#8217;s rights would be materially and adversely affected if the
      obligations of the other parties under this Agreement were not carried out
      in
      accordance with the terms and conditions hereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Term</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      term of this Agreement shall commence on the date hereof and end one (1) year
      from the date hereof. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Amendments
      and Waivers</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Except
      as otherwise provided herein, any provision of this Agreement may be amended
      or
      the observance thereof may be waived (either generally or in a particular
      instance and either retroactively or prospectively) only with the prior written
      consent of all parties to this Agreement. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Severability</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      In the
      event that any provision of the Agreement shall be invalid, illegal or
      unenforceable, the validity, legality and enforceability of the remaining
      provisions shall not in any way be affected or impaired
      thereby.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">-3-</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Governing
      Law</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      This
      Agreement and the legal relations between the parties arising hereunder shall
      be
      governed by and interpreted in accordance with the laws of the State of Delaware
      without reference to its conflicts of laws provisions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Counterparts</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one
      instrument.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Entire
      Agreement</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement constitutes the full and entire understanding and agreement among
      the
      parties, and supersedes any prior agreement or understanding among the parties,
      with regard to the subjects hereof and thereof, and no party shall be liable
      or
      bound to any other party in any manner by any covenants except as specifically
      set forth herein.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Jurisdiction;
      Venue</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      With
      respect to any disputes arising out of or related to this Agreement, the parties
      consent and submit to the exclusive jurisdiction of, and venue in, the state
      or
      federal courts in Wilmington County in the State of Delaware.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">-4-</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Agreement is hereby executed effective as of the date first set forth
      above.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>COMPANY</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="45%">

          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INTELLI-CHECK
                - MOBILISA, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a
                Delaware corporation</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="8%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" valign="top" width="37%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Nelson Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="8%">&#160;</td>
            <td align="left" valign="top" width="37%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="8%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                </font></div>
            </td>
            <td align="left" valign="top" width="37%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nelson
                Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="8%">&#160;</td>
            <td align="left" valign="top" width="37%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="8%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                </font></div>
            </td>
            <td align="left" valign="top" width="37%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                Executive Officer</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[Signature
      page to the Director Agreement]</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>DIRECTOR</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="MARGIN-LEFT: 45pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="40%">

          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Jeffrey Levy</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Jeffrey Levy</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                John E. Maxwell</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                John E. Maxwell</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Arthur L. Money</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Arthur L. Money</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Guy L. Smith</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Guy L. Smith</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Nelson Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Nelson Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Bonnie Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Bonnie Ludlow</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[Signature
      page to the Director Agreement]</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="MARGIN-LEFT: 45pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table border="0" cellpadding="0" cellspacing="0" width="40%">

          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="TabDataBeginIP"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                John Paxton</font></a></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                John Paxton</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Emil Bedard</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Emil Bedard</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="MARGIN-LEFT: 45pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="MARGIN-LEFT: 45pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[Signature
        page to the Director Agreement]</font></div>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v107606_ex10-2.htm
<TEXT>
<html>
  <head>
    <title>
</title><!-- Licensed to: vintage filings llc-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff"><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
      10.2</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>INTELLI-CHECK&#160;&#8211;
      MOBILISA, INC.</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>STOCKHOLDER
      VOTING AGREEMENT</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Voting Agreement (this &#8220;Agreement&#8221;) is made as of March 14, 2008 by and among
      Intelli-Check&#160;&#8211; Mobilisa, Inc., a Delaware corporation (the &#8220;Company&#8221;), and
      each of the individuals and entities signatory hereto (each a &#8220;Voting Party&#8221; and
      collectively, the &#8220;Voting Parties&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WITNESSETH:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      this Agreement is made pursuant to the Merger Agreement, dated November 20,
      2007, by and among the Company, Intelli-Check Merger Sub, Inc., a Washington
      corporation, Mobilisa, Inc., a Washington corporation, and certain common
      shareholders of Mobilisa, Inc. (the &#8220;Merger Agreement&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      each of the Voting Parties owns the shares of the Company&#8217;s capital stock set
      forth opposite his or her name on </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      A</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      and
      wishes to provide for orderly elections of the Company&#8217;s Board of Directors (the
&#8220;Board of Directors&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>&#160;</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">it
      is a
      condition of the Merger Agreement that each of the Voting Parties enter a voting
      agreement with the Company in the form of this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      herein, the receipt and sufficiency of which are hereby acknowledged, the
      parties hereto agree as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Terms</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Capitalized terms used and not otherwise defined herein that are defined in
      the
      Merger Agreement shall have the meanings given to such terms in the Merger
      Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Agreement
      to Vote</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      During
      the term of this Agreement, to the extent they are entitled under the Company&#8217;s
      Certificate of Incorporation and the Delaware General Corporation Law to vote
      on
      a particular matter, each Voting Party agrees to vote all securities of the
      Company that he or she may vote in the election of the Company&#8217;s directors that
      such Voting Party now has or hereafter acquires (hereinafter referred to as
      the
&#8220;Voting Shares&#8221;) in accordance with the provisions of this Agreement, whether at
      a regular or special meeting of stockholders or any class or series of
      stockholders or by written consent.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Election
      of Board of Directors</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Voting</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      For a
      period of one (1) year after the date hereof and subject to the Company&#8217;s
      Certificate of Incorporation and the Delaware General Corporation Law, each
      Voting Party agrees to vote all Voting Shares in such manner as may be necessary
      to elect (and maintain in office) as members of the Board of Directors the
      following persons:</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      four
      (4) persons named by the Parent Directors to the slate of directors presented
      for election at each annual or special meeting of stockholders where the Board
      of Directors is to be elected; and </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 162pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      four
      (4) persons named by the Company Directors to the slate of directors presented
      for election at each annual or special meeting of stockholders where the Board
      of Directors is to be elected.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Size
      of the Board of Directors</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      For a
      period of one (1) year after the date hereof, the parties hereto agree that
      they
      will vote to, and that they will cause the Board of Directors to, maintain
      the
      size of the Board of Directors at eight (8) persons, unless the Board of
      Directors unanimously (with all directors voting) votes to increase the number
      of directors on the Board of Directors.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.3</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Obligations;
      Removal of Directors; Vacancies</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      obligations of the Voting Parties pursuant to this Section&#160;3 shall include
      any stockholder vote to amend the Company&#8217;s Certificate of Incorporation or
      Bylaws as required to effect the intent of this Agreement. Each of the Voting
      Parties and the Company agrees not to take any actions that would materially
      and
      adversely affect the provisions of this Agreement and the intention of the
      parties with respect to the composition of the Company&#8217;s Board of Directors as
      herein stated. The parties acknowledge that the fiduciary duties of each member
      of the Company&#8217;s Board of Directors are to the Company&#8217;s stockholders as a
      whole. Any director elected pursuant to the terms hereof may be removed, with
      or
      without cause, only by those Voting Parties entitled to designate such director.
      In the event any director elected pursuant to the terms hereof ceases to serve
      as a member of the Company&#8217;s Board of Directors, the Company and the Voting
      Parties agree to take all such action as is reasonable and necessary, including
      the voting of shares of capital stock of the Company by the Voting Parties
      as to
      which they have beneficial ownership, to cause the election or appointment
      of
      such other substitute person to the Board of Directors as may be designated
      on
      the terms provided herein. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Successors
      in Interest of the Voting Parties and the Company</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      provisions of this Agreement shall be binding upon the successors in interest
      of
      any Voting Party with respect to any of such Voting Party&#8217;s Voting Shares or any
      voting rights therein. The Company shall not permit the transfer of any Voting
      Party&#8217;s Voting Shares unless and until the person to whom such securities are to
      be transferred shall have executed a written agreement pursuant to which such
      person becomes a party to this Agreement and agrees to be bound by all the
      provisions hereof as if such person was a Voting Party hereunder.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Covenants</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      Company and each Voting Party agrees to take all actions required to ensure
      that
      the rights given to each Voting Party hereunder are effective and that each
      Voting Party enjoys the benefits thereof. Such actions include, without
      limitation, the use of best efforts to cause the nomination of the designees,
      as
      provided herein, for election as directors of the Company. Neither the Company
      nor any Voting Party will, by any voluntary action, avoid or seek to avoid
      the
      observance or performance of any of the terms to be performed hereunder by
      the
      Company or any such Voting Party, as applicable, but will at all times in good
      faith assist in the carrying out of all of the provisions of this Agreement
      and
      in the taking of all such actions as may be necessary or appropriate in order
      to
      protect the rights of each Voting Party hereunder against
      impairment.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Grant
      of Proxy</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Should
      the provisions of this Agreement be construed to constitute the granting of
      proxies, such proxies shall be deemed coupled with an interest and are
      irrevocable for the term of this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Restrictive
      Legend</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Each
      certificate representing any of the Voting Shares subject to this Agreement
      shall be marked by the Company with a legend reading as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#8220;THE
      SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT (A COPY OF WHICH
      MAY
      BE OBTAINED FROM THE ISSUER) AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE
      PERSON HOLDING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND
      BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Specific
      Enforcement</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      It is
      agreed and understood that monetary damages would not adequately compensate
      an
      injured party for the breach of this Agreement by any party hereto, that this
      Agreement shall be specifically enforceable, and that any breach of this
      Agreement shall be the proper subject of a temporary or permanent injunction
      or
      restraining order. Further, each party hereto waives any claim or defense that
      there is an adequate remedy at law for such breach or threatened breach and
      agrees that a party&#8217;s rights would be materially and adversely affected if the
      obligations of the other parties under this Agreement were not carried out
      in
      accordance with the terms and conditions hereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Manner
      of Voting</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      voting of shares pursuant to this Agreement may be effected in person, by proxy,
      by written consent or in any other manner permitted by applicable
      law.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Termination</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      term of this Agreement shall commence on the date hereof and end one (1) year
      from the date hereof. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Amendments
      and Waivers</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Except
      as otherwise provided herein, additional parties may be added to this Agreement,
      any provision of this Agreement may be amended or the observance thereof may
      be
      waived (either generally or in a particular instance and either retroactively
      or
      prospectively) only with the written consent of (a)&#160;the Company, and (b)
      the holders of a majority of Voting Shares then held by the Voting
      Parties.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">12.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Stock
      Splits, Stock Dividends, etc.</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      In the
      event of any stock split, stock dividend, recapitalization, reorganization
      or
      the like, any securities issued with respect to Voting Shares held by Voting
      Parties shall become Voting Shares for purposes of this Agreement and the
      minimum number of Voting Shares pursuant to which certain Voting Parties may
      name designees will be appropriately adjusted.</font></div>
    <div>&#160;</div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">13.&#160;<strong><u>Severability</u></strong>.
        In the event that any provision of the Agreement shall be invalid, illegal
        or
        unenforceable, the validity, legality and enforceability of the remaining
        provisions shall not in any way be affected or impaired thereby.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    </div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">14.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Governing
      Law</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement and the legal relations between the parties arising hereunder shall
      be
      governed by and interpreted in accordance with the laws of the State of Delaware
      without reference to its conflicts of laws provisions.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">15.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Counterparts</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one
      instrument.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">16.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Successors
      and Assigns</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Except
      as otherwise expressly provided in this Agreement, the provisions hereof shall
      inure to the benefit of, and be binding upon, the successors and assigns of
      the
      parties hereto.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">17.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Entire
      Agreement</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement constitutes the full and entire understanding and agreement among
      the
      parties, except for that certain Director Agreement, dated as of even date,
      by
      and among the Company and the directors of Intelli-Check, Inc. and Mobilisa,
      Inc., and supersedes any prior agreement or understanding among the parties
      (including, without limitation, the Prior Agreement), with regard to the
      subjects hereof and thereof, and no party shall be liable or bound to any other
      party in any manner by any warranties, representations or covenants except
      as
      specifically set forth herein or therein.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">18.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Jurisdiction;
      Venue</u></strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      With
      respect to any disputes arising out of or related to this Agreement, the parties
      consent and submit to the exclusive jurisdiction of, and venue in, the state
      courts in Wilmington County in the State of Delaware. </font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Stockholder Voting Agreement is hereby executed effective as of the date first
      set forth above.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>COMPANY</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" colspan="5" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INTELLI-CHECK&#160;&#8211;
                MOBILISA, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="5" valign="top" width="81%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a
                Delaware corporation</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="5" valign="top" width="81%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" colspan="3" valign="top" width="39%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Nelson Ludlow</font></div>
            </td>
            <td align="left" valign="top" width="38%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="4%">&#160;</td>
            <td align="left" colspan="4" valign="top" width="77%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="3" valign="top" width="6%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:</font></div>
            </td>
            <td align="left" valign="top" width="37%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nelson
                Ludlow</font></div>
            </td>
            <td align="left" valign="top" width="38%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="3" valign="top" width="6%">&#160;</td>
            <td align="left" colspan="2" valign="top" width="75%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="5%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:</font></div>
            </td>
            <td align="left" colspan="2" valign="top" width="38%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                Executive Officer</font></div>
            </td>
            <td align="left" valign="top" width="38%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[Signature
      page to the Stockholder Voting Agreement]</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>VOTING
      PARTIES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      an
      individual:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="60%">

          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Nelson Ludlow</font></div>
            </td>
            <td align="left" valign="top" width="20%" style="border-bottom: #ffffff thin solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Nelson Ludlow</font></div>
            </td>
            <td align="left" valign="top" width="20%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      an
      individual:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="MARGIN-LEFT: 54pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <table cellpadding="0" cellspacing="0" width="60%">

          <tr>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Bonnie Ludlow</font></div>
            </td>
            <td align="left" valign="top" width="20%" style="border-bottom: #ffffff solid;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Bonnie Ludlow</font></div>
            </td>
            <td align="left" valign="top" width="20%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">[Signature
      page to the Stockholder Voting Agreement]</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Exhibit
      A</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div align="center">
      <table cellpadding="0" cellspacing="0" width="60%">

          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="TabDataBeginIP"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Bonnie
                Ludlow</strong></font></a></div>
            </td>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>7,996,364
                common shares</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">&#160;</td>
            <td align="left" valign="top" width="30%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Nelson
                Ludlow</strong></font></div>
            </td>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>4,158,456
                common shares</strong></font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 81pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v107606_ex10-3.htm
<TEXT>
<html>
  <head>
    <title>
</title><!-- Licensed to: Vintage filingings-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
      10.3</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EMPLOYMENT
      AGREEMENT</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">THIS
      AGREEMENT, effective as of March 15, 2008 (the &#8220;Effective Date&#8221;) by and between
      Intelli-Check - Mobilisa, Inc., a Delaware corporation (the &#8220;Company&#8221;), and
      Nelson Ludlow (&#8220;Employee&#8221;).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>WITNESSETH
      THAT</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
      the Company desires to employ Employee as an employee on the terms hereinafter
      set forth and Employee wishes to be so employed;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
      THEREFORE, in consideration of the mutual covenants and promises hereinafter
      set
      forth and for other good and valuable consideration, the receipt and sufficiency
      of which are hereby acknowledged, the Company and Employee hereby agree as
      follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Employment</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Upon
      the terms and subject to the conditions contained in this Agreement, the Company
      agrees to employ Employee and Employee accepts such employment. Employee shall
      report directly to, and be subject to the supervision and direction of, the
      Board of Directors (the &#8220;Board&#8221;) of the Company. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Title
      and Duties</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Employee will hold the title of &#8220;Chief Executive Officer.&#8221; Employee agrees to
      devote substantially all of his working time, attention, skill and effort during
      normal working hours to the performance of his duties to the Company. Employee
      agrees to perform such duties during such time faithfully and to the best of
      his
      abilities. Such duties shall be ordinarily performed by Employee at the offices
      of the Company, the headquarters of which shall be based at 191 Otto Street,
      Port Townsend, WA 98368.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Compensation</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      For all
      services rendered by Employee to the Company during the Term (as such term
      is
      later defined), the Company shall compensate Employee as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Salary</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                Employee shall be paid a base annual salary of $220,000. Such base
                annual
                salary is subject to annual review by the Board, in its sole discretion.
                Such salary shall be payable in accordance with the Company&#8217;s payroll
                procedures for salaried employees, but not less frequently than monthly.
                </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">b.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Bonus</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                The Company shall pay Employee an annual cash bonus in an amount
                to be
                determined by the Board based on such reasonable objectives established
                by
                the Board.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">c.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Stock
                Options</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                The Company shall issue and grant Employee 25,000 stock options on
                March
                20, 2008, which will immediately vest. Employee shall enter into
                a stock
                option agreement with the Company, substantially in the form of Exhibit
                B
                attached hereto, </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">d.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Expense
                Reimbursement</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>&#160;</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                Employee shall be reimbursed for all authorized business expenses
                which
                are incurred by Employee in the performance of Employee&#8217;s duties pursuant
                to this Agreement in accordance with the Company&#8217;s normal expense
                reimbursement policies. All such expenses shall be incurred in a
                manner
                consistent with the Company&#8217;s expense reimbursement policy and shall be
                appropriately documented in reasonable detail by Employee upon submission
                of any request for reimbursement, and in a format and manner consistent
                with the Company&#8217;s expense reimbursement policy.
                </font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">e.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Benefits</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                Subject to any contribution generally required of Company executives,
                Employee shall be entitled to receive all executive perquisites and
                to
                participate in any and all employee benefit plans, including medical
                insurance and pension plans, now in existence or hereafter adopted
                from
                time to time by the Company which are provided to senior management
                or
                other comparable employees at Employee&#8217;s level.
</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">f.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Withholding</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                All amounts payable to Employee pursuant to this Agreement shall
                be made
                subject to all applicable withholding. Employee will not be entitled
                to
                receive any compensation other than as provided in this
                Section.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Non-competition
      and Non-Solicitation</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      In
      consideration of Employee&#8217;s employment and continued employment by the Company,
      concurrently with the execution and delivery of this Agreement, Employee shall
      execute and deliver a Non-competition and Non-Solicitation Agreement in the
      form
      attached hereto as </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      A</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      (the
&#8220;Non-competition and Non-Solicitation Agreement&#8221;). The Non-competition and
      Non-Solicitation Agreement is hereby incorporated herein by reference and made
      a
      part hereof.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Term
      and Termination</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
&#8220;Term&#8221; of this Agreement shall begin on the date hereof and shall continue for a
      period of two (2) years from the date hereof. Notwithstanding the previous
      sentence, the Term can be terminated in any one of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">followings
      ways:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Death</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                The death of Employee shall immediately terminate this Agreement.
                Upon
                such termination, Employee shall be entitled to receive all cash
                compensation earned and all reimbursements due through the effective
                date
                of termination. </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">b.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Disability</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                If Employee is no longer able to perform his duties hereunder due
                to
                illness, accident or other physical or mental condition and such
                disability is expected to continue with or without interruption for
                a
                period of ninety (90) days or longer, the Company may terminate this
                Agreement. Upon such termination, Employee shall be entitled to receive
                all cash compensation earned and all reimbursements due through the
                effective date of termination.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">c.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>With
                Company Cause</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                The Company</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                may terminate this Agreement for Company Cause (as defined herein)
                upon
                written notice to Employee. &#8220;Company Cause&#8221; shall mean: (1) Employee&#8217;s
                conviction in a court of law of any felony or any plea of nolo contendre
                with respect thereto; (2) Employee&#8217;s continued, willful failure or refusal
                to perform specific written and reasonable directives of the Board
                regarding Employee&#8217;s duties and responsibilities which are consistent with
                the scope and nature of Employee&#8217;s duties and responsibilities as set
                forth in Section </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">0</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                hereof; (3) any flagrant act of dishonesty or disloyalty by Employee,
                or
                any act involving gross moral turpitude of Employee; or (4) any breach
                of
                the Non-competition and Non-Solicitation Agreement, which breach
                is
                uncured for a period of ten (10) days following written notice by
                the
                Company of the need to cure such breach. Upon a termination for Company
                Cause, Employee shall be entitled to receive all cash compensation
                earned
                and all reimbursements due through the effective date of termination.
                </font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">d.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Without
                Company Cause</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                This Agreement and the Term may be terminated without Company Cause
                by the
                Company at any time after the Initial Term upon written notice to
                Employee. Upon a termination by the Company without Company Cause:
                (i)
                Employee shall be entitled to receive all compensation earned and
                all
                reimbursements due through the effective date of termination; and
                (ii)
                Employee shall be entitled to receive a severance payment in an amount
                equal to one</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                year of base salary at the time of termination paid over 12 equal
                monthly
                payments.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">e.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>With
                Employee Cause</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employee
                may terminate this Agreement for Employee Cause (as defined herein)
                upon
                written notice to the Company. &#8220;Employee Cause&#8221; shall mean the breach by
                the Company of any covenant, agreement or condition contained in
                this
                Agreement which breach is uncured for a period of ten (10) days following
                written notice by Employee of the need to cure such breach. Upon
                a
                termination for Employee Cause, Employee shall be entitled to receive
                all
                compensation earned and all reimbursements due through the effective
                date
                of termination and an amount equal to $50,000.
</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">f.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Without
                Employee Cause</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                This Agreement and the Term may be terminated by Employee at any
                time
                without Employee Cause upon sixty (60) days written notice to the
                Company.
                Upon a termination by Employee without Employee Cause, Employee shall
                be
                entitled to receive all cash compensation earned and all reimbursements
                due through the effective date of
                termination.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">g.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Effect
                of Termination</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
                Upon any termination of this Agreement and the Term, all rights and
                obligations of the Company and Employee under this Agreement shall
                cease,
                except that Employee&#8217;s obligations under Section </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">0</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                and any applicable specific payment obligations of the Company under
                this
                Section </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">0</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                shall remain in full force and effect in accordance with their terms.
                Any
                such termination shall not affect the Non-competition and Non-Solicitation
                Agreement or any other agreement between the Company and Employee,
                each of
                which shall remain in full force and effect in accordance with its
                terms.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Upon
      any
      termination, Employee shall return all property, equipment and materials that
      are the property of the Company and shall use his reasonable efforts to
      cooperate with the Company and provide for a smooth transition of Employee&#8217;s
      duties to a new employee or executive.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Amendment
      and Alteration</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement constitutes the complete understanding between the parties with
      respect to the employment of Employee hereunder, and no statement,
      representation, warranty or covenant has been made by either party with respect
      thereto except as expressly set forth herein. This Agreement shall not be
      altered, modified, amended or terminated except by a written instrument signed
      by each of the parties thereto.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Severability</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      If any
      covenant or other provision of this Agreement is invalid, unlawful, or incapable
      of being enforced, by reason of any rule of law or public policy, it shall
      be
      enforceable to the maximum extent permitted by law and all other conditions
      and
      provisions of this Agreement which can be given effect without the invalid,
      unlawful or unenforceable provision, shall be given effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Non-Assignment</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      obligations and rights of Employee shall inure to the benefit of, and shall
      be
      binding upon, himself and his personal representatives, and the obligations
      and
      rights of the Company shall inure to the benefit of, and shall be binding upon,
      it and its successors and assigns; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>provided</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      however, that Employee shall not have the right to assign any of his obligations
      under this Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Governing
      Law</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the State of New York. The parties expressly consent to the exclusive
      jurisdiction of the courts (Federal and state) in the City of New York, New
      York
      for any judicial proceeding involving, directly or indirectly, any matter or
      claim in any way arising out of, related to or connected herewith.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and
      year
      first above written.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Company:</font></div>
            </td>
            <td align="left" valign="top" width="15%">&#160;</td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Employee:</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="15%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INTELLI-CHECK
                - MOBILISA, INC.</font></div>
            </td>
            <td align="left" valign="top" width="15%">&#160;</td>
            <td align="left" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NELSON
                LUDLOW</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
            <td align="left" valign="top" width="15%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Jeffrey Levy</font></div>
            </td>
            <td align="left" valign="top" width="15%" style="border-bottom: #ffffff solid;">&#160;</td>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Nelson Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Jeffrey Levy</font></div>
            </td>
            <td align="left" valign="top" width="15%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                Chairman of the Board</font></div>
            </td>
            <td align="left" valign="top" width="15%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><strong><font size="2">EXHIBIT
      10.3</font></strong></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      A</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Form
      of Non-competition and Non-Solicitation Agreement</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      undersigned, Nelson Ludlow, in consideration for and as a condition of his
      employment as an employee of the Company (the &#8220;Employee&#8221;), does hereby agree
      with the Company as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Non-competition
      Covenant</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      During
      the period of employment as an Employee, the Employee shall devote substantially
      all of his available business time and best efforts to promoting and advancing
      the business of the Company. During the period of employment as an Employee
      and
      for a period of two (2) years after termination of such employment (for any
      reason, whether voluntarily or involuntarily), the Employee agrees that he
      shall
      not engage in, whether alone or as a partner, member, officer, director,
      consultant, agent, employee or stockholder of any commercial entity, any
      activity which is or may be competitive with the products and services being
      designed, conceived, marketed, provided, distributed, delivered or developed
      by
      the Company at the time of termination of such employment; </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>provided</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
      however, that the ownership of less than 1% of the stock of any corporation
      whose stock is traded on a national securities exchange or in the
      over-the-counter market shall not be a violation of this Section 1. During
      the
      period of employment as an Employee and while all restrictions contained herein
      apply, the Employee shall inform all prospective employers and business partners
      of such restrictions prior to acceptance of or entering into new employment
      or
      other business arrangement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Non-solicitation</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">a.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Of
      Customers</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      During
      the period of employment as an Employee and for a period of two (2) years after
      termination of such employment (for any reason, whether voluntarily or
      involuntarily), the Employee shall not directly or indirectly either for himself
      or for any other commercial entity, solicit, divert or perform any services
      for
      or attempt to solicit, divert or perform any services for, any of the Company&#8217;s
      customers, prospective customers or business in existence at the time of
      termination of such employment. For purposes of this Agreement, &#8220;customers&#8221;
shall include those customers that were customers of the Company within the
      twelve (12) month period prior to the Employee&#8217;s termination. For purposes of
      this Agreement, &#8220;prospective customers&#8221; shall include those persons and entities
      with which the Company has had discussions regarding, or to which the Company
      has made presentations for, business within the twelve (12) month period prior
      to the Employee&#8217;s termination. During the period of employment as an Employee
      and while all restrictions contained herein apply, the Employee shall inform
      all
      prospective employers and business partners of such restrictions prior to
      acceptance of or entering into new employment or other business
      arrangement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 108pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">b.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Of
      Employees</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      During
      the period of employment by the Company and for a period of two (2) years after
      termination of such employment (for any reason, whether voluntarily or
      involuntarily), the Employee shall not directly or indirectly either for himself
      or for any commercial entity, solicit, recruit, attempt to recruit, hire or
      attempt to hire any of the Company&#8217;s employees. For purposes of this Agreement,
&#8220;employees&#8221; shall include those persons employed by the Company on the date of
      such termination and during the one (1) year period thereafter and employees
      that were employees of the Company within the six (6) month period prior to
      the
      Employee&#8217;s termination. During the period of employment as an Employee and while
      all restrictions contained herein apply, the Employee shall inform all
      prospective employers and business partners of such restrictions prior to
      acceptance of or entering into new employment or other business
      arrangement.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Confidentiality</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      Employee shall not, at any time during or following termination or expiration
      of
      the term of this Agreement, directly or indirectly, disclose, publish or divulge
      to any person (except in the regular course of the Company's business), or
      appropriate, use or cause, permit or induce any person to appropriate or use,
      any proprietary, secret or confidential information of the Company including,
      without limitation, knowledge or information relating to its trade secrets,
      business methods, the names or requirements of customers or the prices, credit
      or other terms extended to its customers, all of which Employee agrees are
      and
      will be of great value to Company and shall at all times be kept confidential.
      Upon termination or expiration of this Agreement, Employee shall promptly
      deliver or return to Company all materials of a proprietary, secret or
      confidential nature relating to Company together with any other property of
      Company which may have theretofore been delivered to or may be in possession
      of
      Employee.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Absence
      of Conflicting Agreements</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      Employee represents that he is not bound by any agreement or any other existing
      or previous business relationship that conflicts with or prevents the full
      performance of the Employee&#8217;s duties and obligations to the Company during the
      course of employment and while all restrictions contained herein
      apply.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Remedies
      Upon Breach</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      Employee agrees that any breach of this Agreement by the Employee would cause
      irreparable damage to the Company. The Company shall have, in addition to any
      and all remedies under this Agreement and in law or equity, the right to an
      injunction or other equitable relief to prevent any violation of the Employee&#8217;s
      obligations hereunder, without the necessity of posting a bond or proving
      special damages.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>No
      Employment Obligation</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      The
      Employee understands that this Agreement does not create an obligation on the
      part of the Company to continue the Employee&#8217;s employment with the Company but
      instead is a condition to the Employee&#8217;s initial employment, as the case may be.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Miscellaneous</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      As used
      herein, the term &#8220;Company&#8221; shall include the Company, its members, subsidiaries
      and affiliates. Any waiver by the Company of a breach of any provisions of
      this
      Agreement shall not operate or be construed as a waiver of any subsequent breach
      hereof. This Agreement contains all oral and written agreements, representations
      and arrangements between the parties with respect to its subject matter, and
      no
      representations or warranties are made or implied, except as specifically set
      forth herein. No modification, waiver or amendment of any of the provisions
      of
      this Agreement shall be effective unless in writing and signed by both parties
      to this Agreement. If one or more of the provisions contained in this Agreement
      shall for any reason be held to be excessively broad as to scope, activity
      or
      subject matter so as to be unenforceable at law, such provision(s) shall be
      construed and reformed by the appropriate judicial body by limiting and reducing
      it (or them), so as to be enforceable to the maximum extent compatible with
      the
      applicable law as it shall then appear. The obligations of the Employee under
      this Agreement shall survive the termination of the Employee&#8217;s relationship with
      the Company regardless of the manner of such termination. This Agreement may
      not
      be assigned by Employee. All covenants and agreements hereunder shall inure
      to
      the benefit of and be enforceable by the successors of the Company. This
      Agreement shall be interpreted and construed pursuant to the laws of the State
      of New York, regardless of the laws that might otherwise govern under applicable
      principles of conflicts of law. The parties hereto hereby consent to personal
      jurisdiction and venue exclusively in the City of New York, New York with
      respect to any action or proceeding brought with respect to this Agreement.
      Each
      party will bear its own costs in respect of any disputes arising under this
      Agreement. The Employee recognizes and agrees that the enforcement of this
      Agreement is necessary to ensure the preservation, protection and continuity
      of
      the goodwill of the Company. The Employee agrees that, due to the proprietary
      nature of the Company&#8217;s business, the restrictions set forth in Sections 1 and 2
      of this Agreement are reasonable as to duration and scope.</font></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
      WITNESS WHEREOF, the undersigned Employee and the Company have executed this
      Agreement as of this day of .</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="right">
      <table cellpadding="0" cellspacing="0" width="45%">

          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INTELLI-CHECK
                - MOBILISA, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" valign="top" width="40%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Jeffrey Levy</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Jeffrey Levy</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                Chairman of the Board</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EMPLOYEE:</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                Nelson Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:
                Nelson Ludlow</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:
                Chief Executive Officer</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 360pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Exhibit
      B</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>STOCK
      OPTION AGREEMENT</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Intelli-Check
      - Mobilisa, Inc., a Delaware corporation (the &#8220;Company&#8221;), as of the
      20</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      day of
      March, 2008 hereby grants to Nelson Ludlow (&#8220;Optionee&#8221;), residing at 73
      Goldfinch Lane, Port Ludlow, WA 98365 in consideration of services rendered
      by
      Optionee to the Company, the irrevocable right and option (&#8220;Option&#8221;) to purchase
      all or part of an aggregate of 25,000 shares (&#8220;Shares&#8221;) of the Company&#8217;s common
      stock, par value $.01 per share (&#8220;Common Stock&#8221;), on the terms and conditions
      hereinafter set forth:</font></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Purchase
                Price.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                The purchase price for the Shares shall be 110% of the closing price
                on
                the date of grant subject to adjustment as provided in Paragraph
                5
                below.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Term
                of Option: Exercise.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject
                to earlier termination pursuant hereto, the Option shall terminate
                ten
                (10) years from the date hereof. The Option shall vest all shares
                on March
                20, 2008. </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Option shall be exercised by fifteen (15) days written notice to
                the
                Secretary or Treasurer of the Company at its then principal office.
                The
                notice shall specify the number of Shares as to which the Option
                is being
                exercised and shall be accompanied by payment in full of the purchase
                price for such Shares. The option price shall be payable in United
                States
                dollars, and may be paid in cash or by certified check on a United
                States
                bank or by other means acceptable to the Company. In no event shall
                the
                Company be required to issue any Shares (i) until counsel for the
                Company
                determines that the Company has complied with all applicable securities
                exchange or the National Association of Security Dealers Automated
                Quotation System on which the Common Stock may then be listed, and
                (ii)
                unless Optionee reimburses the Company for any tax withholding required
                and supplies the Company with such information and data as the Company
                may
                deem necessary.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Optionee
                shall not, by virtue of the granting of the Option, be entitled to
                any
                rights of a shareholder in the Company and shall not be considered
                a
                record holder of any Shares purchased by Optionee until the date
                on which
                Optionee shall actually be recorded as the holder of such Shares
                upon the
                stock records of the Company. The Company shall not be required to
                issue
                any fractional Share upon exercise of the Option and shall not be
                required
                to pay to Optionee the cash equivalent of any fractional Share
                interest.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">3.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Restrictions
                on Transfer and Termination.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">No
                option shall be transferred by Optionee otherwise than by will or
                by the
                laws of descent and distribution. During the lifetime of Optionee
                the
                Option shall be exercisable only by Optionee or by Optionee&#8217;s legal
                representative.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
                the event of the termination of Optionee&#8217;s employment by the Company at
                any time for cause, the Option and all rights there under shall terminate.
                Should the employee end his employment prior to the termination date
                then
                the Option and all rights thereunder shall be exercisable by Optionee
                at
                any time within three (3) months thereafter, but not later than the
                termination date of the Option. Notwithstanding the foregoing, in
                the
                event Optionee is permanently and totally disabled (within the meaning
                of
                Section 105(d) (4), or any successor section, of the Internal Revenue
                Code), Optionee&#8217;s Option and all rights thereunder shall be exercisable by
                Optionee (or Optionee&#8217;s legal representative) at any time within six (6)
                months of Optionee&#8217;s termination of employment, but not later than the
                termination date of the Option.</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
                Optionee shall die while in the employ of the Company, the Option
                may be
                exercised by Optionee&#8217;s designated beneficiary or beneficiaries (or if
                none have been effectively designated, by Optionee&#8217;s executor,
                administrator or the person to whom Optionee&#8217;s rights under the Option
                shall pass by Optionee&#8217;s will or by the laws of descent and distribution)
                at any time within six (6) months after the date of Optionee&#8217;s death, but
                not later than the termination date of the
                Option.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
                Option is granted pursuant to an Employment Agreement between Company
                and
                Optionee dated March 15, which Employment Agreement governs Optionee&#8217;s
                rights and obligations as an employee including, without limitation,
                Company&#8217;s right to terminate Optionee&#8217;s employment under certain
                circumstances, and nothing in this Agreement shall confer upon Optionee
                any additional rights with respect to the terms and conditions of
                Optionee&#8217;s employment.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Securities
                Act Matters.</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Optionee
                represents that Shares issued upon any exercise of the Option will
                be
                acquired for Optionee&#8217;s own account for investment only and not with a
                view to the distribution thereof within the meaning of the Federal
                Securities Act of 1933, as amended (hereinafter, together with the
                rules
                and regulations thereunder, collectively referred to as the &#8220;Act&#8221;), and
                that Optionee does not intend to divide Optionee&#8217;s participation with
                others or transfer or otherwise dispose of all or any Shares except
                as
                below set forth. As herein used the terms &#8220;transfer&#8221; and &#8220;dispose&#8221; mean
                and include, without limitation, any sale, offer for sale, assignment,
                gift, pledge or other disposition or attempted
                disposition.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Optionee
                understands that in the opinion of the Securities and Exchange Commission
                (&#8220;SEC&#8221;) Shares must be held by Optionee for an indefinite period unless
                subsequently registered under the Act or unless an exemption from
                registration thereunder is available; that, under Rule 144 of the
                Act,
                after one or more years from the date of payment for and issuance
                of the
                shares, certain public sales thereof (which may be limited as to
                the
                number of Shares) may be made in accordance with the subject to the
                terms,
                conditions and restrictions of Rule 144, but only if certain reporting
                and
                other requirements thereunder have been complied with; and that should
                Rule 144 be inapplicable, registration or the availability of an
                exemption
                under the Act will be necessary in order to permit public distribution
                of
                any Shares. Optionee also understands that the Company is and will
                be
                under no obligation to register the Shares or to comply with any
                exemption
                under the Act.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Optionee
                shall not at any time transfer or dispose of any Shares except pursuant
                to
                either (i) a registration statement under the Act which registration
                statement has become effective as to the Shares being sold or (ii)
                a
                specific exemption from registration under the Act, but only after
                Optionee has first obtained either a &#8220;no-action&#8221; letter from the SEC,
                following full and adequate disclosure of all facts relating to such
                proposed transfer, or a favorable opinion from or acceptable to counsel
                to
                the Company that the proposed transfer or other disposition complies
                with
                and is not in violation of the Act or any applicable state &#8220;blue sky&#8221; or
                securities laws.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Anti-Dilution
                Provisions.</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Subject
                to the provisions of Paragraph 5(b) below, if at any time or from
                time to
                time prior to expiration of the Option there shall occur any change
                in the
                outstanding Common Stock of the Company by reason of any stock dividend,
                stock split, combination or exchange of shares, merger, consolidation,
                recapitalization, reorganization, liquidation or the like, then and
                as
                often as the same shall occur, the kind and number of Shares subject
                to
                the Option, or the purchase price per share, or both, shall be adjusted
                by
                the Board of Directors of the Company (&#8221;Board&#8221;) in such manner as it may
                deem appropriate and equitable, the determination of which Board
                shall be
                binding and conclusive. Failure of the Board to provide for any such
                adjustment shall be conclusive evidence that no adjustment is
                required.</font></div>
            </td>
          </tr>

      </table>
    </div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">5</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">&#160;</td>
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                Board shall have the right to engage a firm of independent certified
                public accountants, which may be the Company&#8217;s regular auditors, to make
                any computation provided for in this Section, and a certificate of
                that
                firm showing the required adjustment shall be conclusive and binding.
                </font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Notices.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                All notices and other communications required or permitted under
                this
                Agreement shall be in writing and shall be given either by (i) personal
                delivery or regular mail, in each case against receipt, or (ii) first
                class registered or certified mail, return receipt requested. Any
                such
                communication shall be deemed to have been given (i) on the date
                of
                receipt in the cases referred to in clause (i) of the preceding sentence
                and (ii) on the second day after the date of mailing in the cases
                referred
                to in clause (ii) of the preceding sentence. All such communications
                to
                the Company shall be addressed to it, to the attention of its Secretary
                or
                Treasurer, at its then principal office and to Optionee at the address
                set
                forth above or such other address as may be designated by like notice
                hereunder.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 18pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Miscellaneous.</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                This Agreement cannot be changed except in writing signed by the
                party to
                be charged. This Agreement shall be governed by and construed in
                accordance with the laws of the State of New York applicable to agreements
                made and to be performed exclusively in New York. The Option has
                been
                granted pursuant to the Company&#8217;s 2004 Stock Option Plan. This Agreement
                is in all respects subject to the terms and conditions of said Plan.
                The
                Option granted hereunder is intended to be a Non-Qualified Stock
                Option.
                Optionee acknowledges that Optionee is not holding any other stock
                options
                granted by the Company. Optionee shall execute this Agreement and
                return
                it to the Company within thirty (30) days after the mailing or delivery
                by
                the Company of this Agreement. If Optionee shall fail to execute
                and
                return this Agreement to the Company within said thirty (30) day
                period,
                the Option shall automatically terminate. The section headings in
                this
                Agreement are solely for convenience of reference and shall not affect
                its
                meaning or interpretation.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
      WITNESS WHEREOF, the parties have duly executed this Agreement as of the date
      first above written.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="right">
      <table cellpadding="0" cellspacing="0" width="40%">

          <tr>
            <td align="left" colspan="2" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><a name="TabDataBeginIP"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INTELLI-CHECK
                - MOBILISA, INC.</font></a></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%" style="border-bottom: #ffffff solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td align="left" valign="top" width="35%" style="border-bottom: black thin solid;">&#160;&#160;
</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="5%">&#160;</td>
            <td align="left" valign="top" width="35%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Optionee:</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="40%">&#160;</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="40%" style="border-bottom: black thin solid;">&#160;&#160;
</td>
          </tr>
          <tr>
            <td align="left" colspan="2" valign="top" width="40%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                Name</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>5
<FILENAME>v107606_ex99-1.htm
<TEXT>
<html>
  <head>
    <title>
</title><!-- Licensed to: vintage filings llc-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
      99.1</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><img src="logo.jpg" alt="Intelli-check"></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FOR
      IMMEDIATE RELEASE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CONTACTS:</strong></font></div>
            </td>
            <td align="left" valign="top" width="42%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="42%">&#160;</td>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stephen
                D. Axelrod, CFA</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Peter
                J. Mundy, VP &amp; CFO</font></div>
            </td>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Alisa
                D. Steinberg (Media)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Intelli-Check,
                Inc</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
            </td>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Wolfe
                Axelrod Weinberger Assoc. </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>LLC</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel.
                (516) 992-1900</font></div>
            </td>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel.
                (212) 370-4500 Fax (212) 370-4505</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="42%">&#160;</td>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>steve@wolfeaxelrod.com</u></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="42%">&#160;</td>
            <td align="left" valign="top" width="42%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>alisa@wolfeaxelrod.com</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 144pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INTELLI-CHECK,
      INC. ANNOUNCES RESULTS OF SPECIAL STOCKHOLDER MEETING</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WOODBURY,
      N.Y. <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;</font> March
      14, 2008 <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8212;</font>
      Intelli-Check, Inc. (AMEX: IDN)</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      announced that the special stockholders meeting today concluded with
      Intelli-Check stockholders approving all five of the proposals related to the
      transaction between Intelli-Check, Inc. and Mobilisa, Inc. Intelli-Check&#8217;s
      transaction with Mobilisa is expected to be completed as soon as all necessary
      closing conditions have been satisfied. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Jeff
      Levy, Chairman and Interim CEO of Intelli-Check, Inc., stated, &#8220;We appreciate
      the support of our stockholders and anticipate completing our merger with
      Mobilisa as expeditiously as possible once certain registration tasks have
      been
      finalized. We don&#8217;t anticipate any delays in closing our merger and will make a
      formal announcement in the form of a press release once the transaction has
      been
      consummated.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="35%">
      </div>
      <div>&#160;</div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>About
      Intelli-Check, Inc.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Intelli-Check,
      Inc.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      is the
      acknowledged leader in technology that helps assure the authenticity of driver
      licenses, state issued non-driver and military identification cards used as
      proof of identity. Our patented ID-CHECK technology instantly reads, analyzes,
      and verifies the encoded data in magnetic stripes and barcodes on
      government-issue IDs from approximately 60 jurisdictions in the U.S. and Canada
      to determine if the content and format is valid. For more information about
      Intelli-Check, visit </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>www.intellicheck.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Intelli-Check,
      Inc. Safe Harbor Statement</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Certain
      statements in this press release constitute forward-looking statements within
      the meaning of the Private Securities Litigation Reform Act of 1995, as amended.
      When used in this press release, words such as "will," "believe," "expect,"
      "anticipate," "encouraged" and similar expressions, as they relate to the
      company or its management, as well as assumptions made by and information
      currently available to the company's management identify forward-looking
      statements. Our actual results may differ materially from the information
      presented here. Additional information concerning forward looking statements
      is
      contained under the heading of &#8220;risk factors&#8221; listed from time to time in the
      company's filings with the Securities and Exchange Commission. We do not assume
      any obligation to update the forward-looking information</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`*0%_`P$1``(1`0,1`?_$`,L````&`@,!````````
M```````!`@@)"@<+!`4&`P$``P$!`0`#`0````````````$"`P0%!@<("1``
M``8!`P$%`P8$#0P3`0```0(#!`4&!P`1"`DA,1(3"D$4%5%A<8$B%I&AT1BQ
MP3)"(R26UA>W.!DY\.'QLC,E)C:V-W=88G*"PD-38W,T5;755G8H:'AY&CH1
M``(!`@4!!@,'`P0#```````!`A$#(3%!$@0%47$B,A,&83,'@9&QP4(4"-%R
M(_"AX?%28B3_V@`,`P$``A$#$0`_`+_&@#&V7,E5?#F-KYE6Z.4V57QW4IRX
M33I50J108P<>N^402,<2E,Z=G2*BB3O.JH4H=H@&N?DW[?&LRY5UTA:CN/7]
MN^W^;[J]Q<'VUTV#GSNH<JWQXX5H[DTJOX*NY_!,;]P$LF1KSQ3Q9DK+!5$K
MQE-G/Y1?M5C'$\=$Y!L\Q::M%[*&'RR1E5D62)"=Q$R%+[-<'1+U[D<)\F^J
M2NW')=VA\W^LG1^A>W?J-U#VW[?:EP.E2APMZRN7>-"-N_=7PN7HSDN\>0)R
MA[?D_'W;C[-]>N?6&Y5H`3;`(]FP;;]H=F_M^8-`\`]PVW'LT`VD%X@[_J[-
MN_Y._O#;0)-/'L#[-]_R:8]RIB#</E_'I"JNT1X@#81[PV#V=G;MV]NP=^F#
M2;W"@V$-]_E]H?+H$]M<P=GS#]8:,0JED$)P`=A`?I[-A'L[._O[=(H,3`&^
M^X;?+V;^W8-^_0*M!6@8D=A';MWV`>X?G#O[M%0K3$,/9H"M74,>P-]`"/%O
MW!VCV[;@`_@';0&`H!W`!^70`>@!(&`1$.WL';N'O_)H`Z]&9AW#@6C>5C5W
M8"("U1?-57`"7]4`HD5,H`AMV]FBC%5'8`<!';V_5^`>WOT#``@/;OW]W=]&
MG4-V@8CML/U=G;_7TA4QJ)W`0`P>WN[NW\8>S30]V@?8/L'\6_Z/=H05H'L'
MRZ"73,+<`_+N'X/ET@362`.P!N/8']7R;Z=0V_<<%Y*1L>)`?R+%AYFXI@]=
MH-14`O8(D!<Z8F`/FT%>%'*37153(JDHFHBH4#)JI'*HD<H]QB'((E,`_*&^
MD)2J?3Q%W$-^[O\`T_K#0%4G0,!WT`G42)PW$-A[._L[/HW]H_-WZ`;HJ@!0
MHCL`@8=@$?"(#L`B(!OV]FX@/X-`)U%Z!@T`(\11VV^<0[0[=OKT!6@/$';[
M=AWV[`_1$-`DZ?:'N`]GM#]`>X?KVT`U55"W`>SM[!V]GZ8Z=03VX"@$![O9
MV?1[-(>>)\EG"#=)1=PJD@@D'B4674(DB0NX!XCJ'$"%*._>(Z`..TDX^0`Y
MF#YD^*F(`H+-V@Z!/??;Q^0<_AWV';?OVTZ!@<PIBFW`![OF'N'?8?KVT@%:
M`/@)S;B4!`#"`B!M@$`[`[-@$1TXJD?%1R(<E&:5:IMON2_J08]8#(<EE.R<
M8NG?27#A6R<H<FUF5R86/4+Y\7B"M3B*CQ-X0#_8:S#ENX<F\?A`R$2<-]C;
M#\.]UWGR;_'Z#8EXKUQ.=,]E>W-.J^X_9O\`$KVW;]N<'W'_`"(ZY!2Z1[7Z
M=-<92P5SGWX.%J,52DMD9.O_`+3CV'7>H/!>A=)C)C"F/Y6L)5VT8-A85Q`R
MC^'>,XIC=H"/:M$'T8X:.DT08I%3,4#`4Q>P0$-?,+=N$(QLP\L4E3LHC\:<
MSF<KF\KD<SF-RY=V].<Y/.4IMR;^]L9_Z:RP6&>Z;_*]].V*Q3KYMFC(Z39]
M.3TO-/FR1,,TE4B;9Y*/';ENF150QP*0Y2@<1,`;B(Z<THM4.:Q*4XRJ5)N$
M//G-7"OE#CCD)%7"]W&(JDZZ8WVBR]SL,K'W?'<RN9G;*X+.7DW3`)%5@/GQ
MRIB[H2#=`X#L`@.JA'TM^ISJY<5Y)O\`QU-EIE[+5+S3P!S!F?%-D).4?(7%
M#*%WI5EBW!T%'$7+XKGY"/<IJH'(X82+0Q_`J3Q%6;.$S$-X3D$`R6+.^5-F
M&5"J1Z69_=LCM^>E9D[I9I=]+8;Q=#PKJSVBQSB44_FT<C1Y'J)I!^^6:`59
M5,RAT`!00('>(!JII)X'-Q92DIQEV_D8?RCZ<SJ"X;Q+D+*4]S7H,O$XNQ]:
M;W,1\5>\_!)R4?3:\]G7S..%XS0;^^NT(\Q$A5.4GC,'B$`WU'X"N6;S\2:H
M1A]-GA+RAZF][R)0,3<C7N/93'%'B+W)N\B9!RLJRD(^8FDX5!HP^[3J37*[
M26/XS"H4">`.P1-V:"8VIRPKB6L>%'3"Y+]-_BSU()/.F>Z_EP^4.-UC"H+5
M.S9)DW=8<TV@9-6?N#KW5)HHP6>'G$#)'9"!O$B(F$!*0=!T0A*W;:FZX%4+
MIH<)^4/4SOM[QGBGD>^Q_+XVQY"WR5D<AY"RNI'R,?(S#:O)LV'W;=2;H'J;
ME7S#"J0I/`'8(CK2+A3%.ISVXNY-I/PDQW_YB^HO[.<F,_W><AO^[]*3C^E-
M%^A=KFJ$[6&^)V8.!O1IY'8*RMD]GD/)%4PKRLM/W_JDY;G)0)8:O;9R%"/F
M+.#2RMGL2B<@`?<OE*%W2,```ZF*JZ'4DU&C(1/2EWV^W'/G+)K<;Y>;@U98
M2QJX9-K;<K-9V[-PM=)DBR[1">E9!%LNL0@`=0A2G,4``1$``-5**B\#FXTW
M<4MVCH7?=0=96"]4Y:K74N(''Q]4;7::B^<<C4&KA]4[)-UEZY:CCNY*BU<.
MX-^P<+MA53*;RSF,3Q%`=MPU44G*C,.0Z0JAWWIWIV>LG2QPO+V6>G;++KW'
M,)%Y>QS,G/RRY$<DV!)!->3EW3U\L1!(@$(!U!`A0``V`-M$E1T0[#K;JR;_
M`%)L:\;KRW.ZP_6C>1<-=KK#18%XD[14/;[)%1>[@E<]Y'X;'R;9ENZ`P^;^
MQ_LGZ[?MUM&$7;<GF>?=N37(]-/PX&PYUB>@)./A*)A$"@`"(B(@```!N(B(
MB```!VZ`_`H/]0KJ5\R>JAS(=<$>!,[::_B$UNF\=UR,I$\[I\EF5Q6SN0N.
M1\C7%LHT?Q.,XHT:Y6;M2*I-B1[<KA8JRZQ$R[1BDMS.2Y*=R?IP=(G5Y7]-
M'U`<,XSG<S4+/^/<E9$J4,O:9&BT&5R35KP^"-;B_DFU-N4BJV3L,^@5(YD$
MEPC3O3D`I#>88I#"FF3^WN+4D>].9U5<Z\CINT<0>2<S:\G2U<JCJWXBS-.L
M7SZ87B8-PV;63&]]LXM13E):-1?I.XQT[4]].W3<(JF4%),0Q-K4YRPD11=1
M^YW1CZ@\L,QNUT80P\GN)#?X*QM]D90OD.?X+O>6_P`(;2:4;Y#GS3>83RO"
MIXA\0#N.M%%.-693=S]PZ>7`V&7?M\QM_P`8AV?2&LSLP->5B6YW53U)8P:E
MVNBL$7J"Y/8A!*VZQJ00,4UK<";'X,>3-%^Y)[!X4O*\LOA#8`VUKM6VNM#B
M<GZZBLJCOO5>6RU5K/'$`E?M=KKS9;#N4UW2%<LT[`I.E$;E6034<I1,@R2<
M+)D$0*8X&$H"(`.PZF$4\65R9.-*&$<+^G;Y_P";L08MS)`<TZ'$065L>T_(
MT/%3%]SX,O&Q=S@(^PL&,F9DS6:"_:-I`J:HI'.F)RCX3"&PZ?@[&3&S=E!2
MJJM)CV.('I[N=?'KE3Q\SE>^8&/[E2\3Y5JUZM%4C[IG!X^L,-!NCKO(IFSG
M62<.Y<.R#X2D=&!$WZX=M0TFZHTA:O*6+6WN)!NO+U8K%T_,6U+$V#EX]+DM
MG.-FGT+/OVZ;YOBO'48H,;*7XC!P4S1]8GTHI[E#IK`=N59)=PH4X(`F>H).
M5)9%WKFQ4_45[N/'0GZC?49QQ'<K,W\C&5*5RN@E<*>?.TSD+(&0KC"2R974
M?;9"*9O$FM-AYU`Q5F*(J"LHU$BGNR:1DQ,223HCGA:O7/%)X&)<<9VZB?06
MYJPV%,GS]MOV/57L+8+3B6*GI^_8ZS'BB3>GCW-RQ.WDVZLC"6EDU9K@V%NV
M;.6\@W%L[2.F?8:VQ>1,7?LW:2:],L(>I;OKB0Z:V(+U1+!8H1G:\[8KG(J2
MBI"9J\LO"3]*MTJS3=@R<,)!OY[99,RK=00$IPV,7Q%[,Z5E0Z.1-QBI1U.W
MZ#W(:DX-Z-+C/?(+(RT+1Z%DO-\S:;E<9J1F'B3)E8VZ3..:K23EY)RLF^<&
M(U8,4146<N52(HD$Y@`:<<:(+4_\>Z17PSIR8YN]??G3!8NXZFN./<65YP^)
MCZL-;#.UZKXIQR+LB$UF/,LE6GB)7%DFTB)^)(#+'\WR8YD4YO&<].,5!_\`
MD9;[EVYM7RZ_ZQ+R/!CA5CC@K@>"PO0Y:SW"1(8DO?LD7>7DIJV9&N2R"24A
M8I1>2>OACV@>6"+%@@8&S)H0B9?$;QJ'RU.N$5'`>9H*!_6T`:\CKI7.Z0_6
MMEHJ'NMTAHD%>*/]Z8>W6.*B=G,+51<A\,CY-NQV<B815_8_V01^UOJHJM:G
M'R+DHSA%9-DLGJOK#8ZYAKALI6['8ZXJYRODM%RK79^7@5721*9"'32<JQ#U
MF=PFFI]HI3B8"F[0#OTX).M33D-I*F9C/TSW4O?S@3?3[S7:WTI--RS=\XYV
M2S2[N2D)*/\`,/)7K%:DA(J.';IW&***S,4!U#&,V4=I!]E%(FG**2JA<>XY
M)[SI/5FV:T5UUPW^[EIM%<]ZBLU"Z^[EDFX`'1D2T[R1=?!W[/WD4?,-X/'X
MO!N.VV^B*3,N;.4*.)81J?)JF\2^E7B7DSE-R_?UO&'#K#=KDT`=@M-VB:5Q
MI5&T+`,G;]4YW$[:["\0:)'5$XF6<>,XCL8=9T;E19'7%I6TWV%,BAQO5!]0
MWGZ_.4<FGI&(J0["0E(]]8K+7\"8=C)\7`5VH15:KH&=WRZ/X]H/FJ+)J.7)
M43+N%D$S)@&OA@SGW7;KVI^$X?+_`*574-Z-T!6^5./N1'Q2G0UAC(J8R3@^
MPW.GRE$FYE?W.$^^5-FG"[.5K,\Z'W07)S/6@+*$1<II@L3QO<I(?I7ECN+@
MW1IY]6KJ#<0(G(^38(T!F6B3KC'F4`0@Y&$A+1*1[%F_B+_74';9%G\-N$.\
M3652:G41:ODW"1!!,I`UC@;6W)KQ9DLV@T(Y>,'-&#S+G/G3BJ8EFS=MQKR4
MV)%/W()HMRX]"JLVLTZ,IV;MX2Z0$J"JAAW`JA?8`:\3@=7AR>H<GCR3_P`'
M=BC[P^HGTEY7M/V=[-]W<.S)\;W%TQMO%[N5#D7(N"KVVI6<%A4BLZ:<S(<Z
M^IOR;YRRR:CFCXLA3T7$;=XJ*H1#2RBO`5-%LD!4TR'3I,/(/5M@W*XEQ']4
M(&U\5]N;^K>Y+_5[GR[:<8UQRP6/<?JK^1_38_1#^-7M3Z(V_P#'[BZE.7/Z
MCMEYKB49SC+645<E"-O1*V^U#C/4>]G2BS$'8`!?,,@&V^P;9$A.SM^37V'9
MW;Y2EFYL_G#<E*5O=.FYJOWH9)Z9?^C5Y:_Z:\D_Q+4;6ES-'/Q56,D5E.FA
MP+/U!W/,+%U;/Y&7J!Q[6RKA!=1T=LQ>7V!R+!LU:M*!YB:!X^Z0+QS'>8H/
MA;.%DEM]B&`;WTM[-2(VW<DXIT:).NBYU"96A8$YC=-?-KYW$(2N#.1\[@)O
M81]S>5B_QU`N*N2\.N"/#)*-E95T@O),&NWB3?H/T@`3+$`)C%X2T-+4_"[<
MLT9Y](J&UQYE;_\`@'!0]GSR-]]O</9IW,RN,EXFNTMI\W`VX:<LA_\`;=F[
M\>-K)K,Z'6C[*%.+TDX?^I?E'\H\=*/_`)>-]4X[<3DXDI3K-^6I<JYE!MQ$
MY2C[/S=LT?Q<V/2S1UR?A=36C=+[(G4=QQ?K[)]-6MVJS9+D<;P;')#6J4&H
M9">-:*2<;N(UPZCKDW=,F#<\^`%!9$I53&^R(B7?51V4\2=3S[4IJZU;7A)H
MR\H_57;[FQ1F?8!#L_-IP;V_:`/^J/8&B3A^A/[37=R=U*8=Q9(>S_("T]&"
M^V+E3'R<5R*E^"N67N8HV9@XNLRK.\*XOM7Q9!_`0B:,3$N$S@'B1;E*D7V!
MI1\R.I5V^+.A6Y])1_*$Y>?Z#,8_Y;3>JN+4Y.'E/^XO4:S.TJR^J\_D;<=_
M_DHW_BWNNKAYOL.?D?+'C^G$_HH<(_\`G/,O\9MCT3\P^/\`+)T]0;FNCZ^W
M]-B]#_8\1/[2M?EUTQ^2SS+ZIRE+3#\"[MR]ZD'#_@G+T:"Y/904QY)9(CIV
M5IZ)*G;;(6595MS&-)E7S*S"RQ&@M%IAN'A6$AC@?<H#L.W,>A*Y&#Q&EGZQ
M7!GD_1LY8PXQYR=6[,:''3.MYK<0C1K_`%]4J=*QW,RSF12DIZN1C!-:..":
MA2BJ!SFV`H".C,7J1DJ1Q="L=Z5"!@I?G7E"PRQ$7%@KO&.6<5U=P!3N4UYZ
MZTUG/.4#'$5`669E*4Y@#Q>`XAOL8=]I^6AS<:6^;;P<38%"`"`@/:`@("'S
M#WZQ.T\U6:G5J:P)"U*L5^J1)14,E&5N$C8*.3,<YEE!(RBVS9J45%53&,(%
M[3&$>\=`J)9&M]ZS4C>8?K:9AEL7MG+W)\5DW`TGC=FR8(2CMW?6-0H3JG-V
ML6Y`S62<K6!)N0B"@"18P@0P"!AUM#RGG7Y37(>W*B'\FYE^J<`P@.&<P@;Q
M&#P_FFXQV`Q3;;?9B1W`#>SVA^/)FT97G))U52-/IXS>7++UON/]CS^P?1><
MISEC-2F7(V3AV=>D6.0GL7:EK.U?0,>1-C#ND9(3`=ND4$TA["AL&MGY?L,H
M5_<[-42B>K4\O^'[AT"O]S'#>504W'8/`-TJX&W$-A`-AU%O4TY?Y&'L)\D/
M4P0N&L41&%<99<>8>C,<TN/Q2[8<><-R[%WCII7HY"F.6DM(Q9W\BU7KR;<R
M:ZXBLL00,81$1TZ0US)MSY&R.U846A*=TP,Z]?&\\S\=5GG90,E07&9[7<B+
M7.3L>$L74R(1FF=2?+TU-Q8:O'-YAHHO802*F1,X%6.(%/N4=M1*B?A.BU*\
MWX\B%/U)<J^LO5B<UNPKJFKL)B#`-=CT%CC[NA!3KV<EILR(&'PID=/99R!Q
M#;Q"3M'[.B-6\#GY+W34=<#874R%B*Y3JI7Z^D@A`058@8:#;MO#[NC#Q<6U
M8QJ3?P;$\A-D@0";=GA`-M3).N#U.Z-5%4SP`YJE6>S[.UNJS`/+0P8&C&5E
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M`"_*'Z.@$:Z7KQ_TWDO_`,[Q+_[%JFKAJ<'*^;#O)<?5L?YE^&'^EK)_U_X%
M0NJMZFW(R2[ROMR(XAY+X9X.Z</4BP#(2T!!Y5QYC6W.+,S4764QMR7K8.Y4
M#K*$$P)US($7&`Z12.()J+I/VP@"9TRZ).OA^)D[<K4=U:CO.N;S7I_/_BOT
MZ.1-8*VCYJ4K^<:UD^J(*>)2DY3K[>AM[=7SD,=14L>HZ.#R.4,8PKQSE`XC
MXA,`.$6JF/,EOC!O-HENZS4W+17I\^([".45(SLT?PDA)XJ?ZE6);XO^\:*2
MNW_!C-U]F;Y/$4-1#ST.F[*G&4M:(SUZ6B$@F/3IN<Y'I-_C5AY.9*"PN2`4
M7!SQ%:H3"):K*!]H4F\<)3IE'L+YQA#]5HN1:G1E\7&UNU+%UEK5>ML8M!VJ
M`AK/".5&BKB%GXIE-13E9FZ2>LEEXV10=,ECLGK=-9(QTQ%-4A3E$#``A!T'
M;M&[5FW2:LVR+-J@3RT6K=%-LW03`>PJ2"12$3)N/8```:`PT.3O_9]F@="@
M1RD7Y&\%^5O+ZCRTJJPF,_UJ\P,S8VHNFK&Y8PRG9$;(A9X)4AB`1V;W%1FI
MN(BT7%REXMPW'Z/ZS<ZG[=ZERIRDU9Y*HI/!/=V?$_N_]*>)]+_KO](/:G58
MV/\`X?;G/MW;-BJD^-R.+%*[Q[N&-N]%PN-O1QDBT!T4L"EPIP6Q_-/&7NUG
MS=(2.6YTQFWD.2Q\V)&%.9K@.QC)-ZK&-E";@'A]X,&VP:^R/9_3Y=-Z)!7<
M;UV3F^VDLO\`8_F9_-/WU+WQ]=^I</CW'/H_0H1Z?8>[<I>CC.2:SK.4E7-J
M*J87]1^`ATI,R!L/^/N&A[N_?(L*(_@U\K5%)/0_)DW)QHUDE^`R/TS'9TU>
M6V_9MFS)7?\`-A6C".E/%JAGQDXJ6[`C@]*1O^>WR4'V?FU+]OL_SLU7V]WL
MTF*Q\R3T9W_J3^G4YP9F&-Y]X9C7$/0,S3J$/F9*``\>%+S.LV%*.NB:C+R3
MLV>46*)R.U`,']^$#F,/B>@`Z1DJ4)Y,7%;HK,RIZ28"ER!S9```I"T["@``
M!X2E`)?(&P;=Q=B[=FIFTV5Q'6#[:EL?FY_(SY8_/QNS;^/&UDVU!UYI]Q3C
M])1V<EN40CV`''6C`(C[!^_C;L'Y]:3::P.+A81<7YJERGF7_)"Y3?\`QVS1
M_%S8]9G7/RON-?'T&.H9Q^Z=&:<RY&Y$!?C5W(6&*W2*\%!JH6U_\;86QI..
M`?-!DHP&;,&*8B"OC-N?[.W=IT;.2S<C!M2P+0@^J#Z8_P#Q7)+ZL,I_OLT4
M:S-GR+473-L=E*\X\(]0/I>\T,YX!"Z%H['"W)*A+A>ZV2KS7QVO8JDG,AX(
MTLA(^)B*4JEY:HJ?;'Q=@;:<?,C3?%Q<JX%./H-]1;COTY<IYZN_(HN0!ALF
M8RI55K7\']2"VO?BD%8I"6??$6XR48#-M[H[)Y9_$;Q&W#8-M:355AVG'Q91
MCNW.E66:!]4'TQ]A_8N28[`([AAE/<?#VCMO;-NT`UG21T_N;:U&:>H_S72^
M1W3.X5YXQV$R6BY9S)7[S5"V&.^$3A8.<Q?<G3$)6+!=U[@]\LX>8EYA_`/9
MN.G'"6/81>DIVJK4POTANN9P?X0<%L;<=LVDS0;(=4L61)25"F8V+9('W6SW
M27GHL6TL,_'BNK\/?)^8'E%\"FY>W;1+&6`6KD;=OQ/$ETQ/ZCGIU9FREC?$
M%-2Y!!;LIWBLX^JWQ?$I(Z)^\%LEFL-$_$W_`-YU_<F/OCLGFJ^`_EDW'8>[
M2:D7^X@W1/$K']?;?^>R>C[/!Q%'N^1.MB([_04?P:VC**M4KB<?(QY"2S_X
M+@_47Z1O'KJ8V+%ECS==,N5-YB.'M4)74\9S57BFSUK;GL(^D5)<M@J=D566
M15@D@1%(R)2E,<!`V^N<[KMM7%0P)PZZ`W$'A3F@,W8^O6=KG.&HMZQV]KN0
MK!392K2-<R'$?`K`FZ:0M'@9`S@6`B"8E<E*&X^(I@T]16K,;;SK5%3NNGS3
MZ?+JGEF;C1)6UX[9'M\)!B@<T3&YKXY71V@+>3J,JL*D<>U58S5F=5LJ8`:R
M\>9%;PHJ@H;2337AS.:*]&_*;3V/70L*Y_\`5"<+XC"=CD^.\)EJ\9OEZ^Y:
M4NJ6JB'I\%6;&_8*)M):YS[UZ\8K1T`[4*JJA'^^'>"GY9!*0XJDBDC=\FV-
M-],F7GAER]9,S5DK.F:9SB16HN>A(FLW:S2U@I^1<RVB11>R;VJH6,)`[:/I
M;87*[T\6NW;@_>HI&`PD.4LA:=S]2:1&QU*A#_\`1`41$-_SI.((>P.T!Q6)
M?G$>S6L9)0I4QG*7[AI+!)&Q7^3<?;V!OMON(_A[-9G;34UTV(__`.E\W_V'
M91]O_+V_Y]:U6W/&APJ+7+;_`$O_`)'@^K6+YF>^'I`V\1\,95(41'L`5+K5
MR@(C\FXZB#2K4KEIM8=@_+BIZCGIU89XQ<>,1W$G((;;C#">,,?V;X3B5.0B
MQGZ?2X:`EQCGWWG1]\8B_8J"BKX">8GL;8-]M-P;=5D:6KL%;BFU7:AVN,?4
M?].G+V2L?8IJ*?(,+5DNYUNB5H97$A&$4$[:)9M#Q8R3[[SK^Y,@>.R>:KX#
M>`FX[#J&MN9HKT'*B9&;ZHG@#?KDYHG/+&E>?V*"IU()BS/C.#8KN)6MU^.E
M929IV2G(-SG7/`1JDVZCWZQ2`5CXFZIQ\!CF)4/-\3#E6]M+L561E/@AZF#B
MO%<;L>4?ES'9(I>7\:TZ"ITI.U"G.;W5<E-JW%H1+&U1CB-=$?PTQ+,V:9WC
M-VF5,KHQC(JJ)CL0E%UPR+7)MI4DZ,B*Y#]1_F;U4.I7C)GP`LV;,'']T88M
MPU#5>UR$)*LZH:6/*7/+.6F,`X=5HL44%C/7B3XCUHQ8-$4#'54,(&JD*8TJ
M8N].Y>485V=I.5ZFJ(D:_P!,C#4!-6%[;)F#SMB:(EK3*$;)25EDXVC6YG(3
M\@FS2;M$WLR[2,X5*DF1(%%1`I0+L&IC3=70ODUVI+.O]#W_`*8G&U`BNG(O
M?XZHP#>ZY'R]DR/OEI)'HJ3=KCJO)$B:[&3+]4#K.8R%CEE$F[81\A/S5#`3
MQJ',8FZOX&MF*C##4K@]5[BQDKI$]1VL9YXXG<4NA7"W+YQXYSK)%3X/6)UL
M]\V_XB>I"*J+B&B'$HHB+-4P@YK\HFGX1`I]FVG#XG-?C*S+U85HO^BY9C3J
MJX9R)TV)?J-1<-,35:HE%=3>4L9UMQ&K6ZK7BNK,8RWT4HR3MFR!VQD7A5FB
MJZB17<>JBN&P*`&H.U3B[>[4[3IG]4;%/4[K.6K1BO'>1,>L\0V2M5J9;9"-
M6CN91W9X5S-M'$4-;EY=/W=LW:"13S1(83F#8!#?11BA<C<\K1)WOV?7^G^3
M0:&NFZ\?]-W,#[`5XE[C[`_O)5.\?E';3@\S@Y7S(?W$M_JV.W"_#`._?+>3
MNP`WW_P*A?DU5MI5J:\A^7O),.$G&3'',7H:<:..F5F!'=4R5Q<K409^5!!:
M2K$X1-RZK=R@S+A^UYZK3:*+QJ<!+N=(2F$2&,`IOQ5-8K?"DEF:\7E-@/*G
M%#,.5^-&7$';"U8KLLLP>MBJ.20DR@NS(,)>H)JH<4#15RK@MG;9P4/&+<Y4
MSB(DV+JI1H\=#S.4I*2B_*;#_./#V2YU=$C&''VMJ-$+[*<4..MOQBX?K)MF
M/\(U%H=/LE:8/'2A#@T9SRS$\<LMV>4D[,<1V`=90>V:;RJ>C*&ZUM785A>C
M9U74^E!<<U\6N7>.LA0^/)F\*RT\TC(,SB_88RK#LTZ[8&\O3G;ABYEH"?8Q
MK4%C-S"X25;)K(E725$0NYXKC:H96KBM82P0ZKK$^H)Q5R/P"OQQX3NLFQ@7
M:6@7N2,RRS*0QN]B:]`RK>:;U.CHHOB6127G)9DV%S(;M4T&J1TD_-.J)DDH
M]I-WE-86TV3J]$J`Y?4/@&UR5S8R1E>_76[KRV1*35<IR)I6W4'$3&$1&J0[
MM[+-DK$,O946BTFHE)N7"R";I!/=/PF*&9TV=T;=9>8QGQ<]0;QTY5'Y#I5'
M".;JT/'+C=E;DM9OO(>B"6>JV)&:+N9K\",99GI@L$H5P`-A<>4W`0^V<ND"
MNUS7B[!VO4UZ>$#SJQW4$XI:/@<KX^L;!U7;,Z`J(2-,DY5FE>:?)NR$.I[J
M]B!4=LA,!RHR+=,=@*HIO\?]Q]!M=;LPA-8VY)K\T?H_^.7\A^N?03K?,]#=
MR?;W4N+<A<LU\,>1&+=B_%8^.$G1Y;HMIY(DJJU?B:G6X&K0#0C"#K4-&5^&
M9)AX4V<5#,4(Z/:D#V$0:-R%#Z->[:MJS:A:CY8P2^Y4/SWRN;R.I<J[U#ER
M<^3?N2N2DW5MSDY-M]K;;9B_D-QQPMRLQ?+88S_1F.1<9SKZ'DI6K2#^7C6K
MQ[`R",I$KG=P4A%R1#,W[<B@`18H&$-C`(;AJSG:3S/$<<^%O&7B3CNU8HX[
MXLBL:8\NLQ(6"T5J,E+')MY:8E89G7Y!\JZGYF6?I*.8:/10$J:I"`4@"``;
M<1!;=%D8_P",'39X3<,KE8<@\9<%06*KA:Z^>JV&:B9ZXRJTG7SRC>:-&+(6
M.Q3+1-(91HDMXDTR*>(@!XO#N&@%!1')9DPMC+D)C.W8<S-3XF_XRO<8,/:Z
ME-$6]PEF(+(NDBBLT6;/FCAJ[;IK(KH*IKH*IE.0Y3%`=,IJ,HT9@;BQT^>'
M_"=_<I3B_A>'Q._R"SAV%P<14W;)<9MI`+/W$0BX)9)^9(B#)>47,4403,(J
M#N(AMLB8PC#"(Z:Z4ZN9"I]IH5QC$IJI76O3%4L\,NHX11EJ_8(]Q%3$:LLU
M50=))/H]THD8R9R'`#;E,`]N@H:+Q9Z<'"WA18;-:^+V#8/$UAN-?956R245
M.W"85E(".?%DF<<JE9;%-()$1>D!0#IE(H(]YA#LT$0A&$MRU'>7"I5^^U*S
M4:V1R<Q5KC`2]7LD2LHNBE*0,\P<1<O'*JME47*2;Y@Z43,9,Y#E`VY3`.PZ
M"I*I%*GT$^DFDF1,G#>G`1,A2$#[YY3'8A``I2_X]=P%#5*36",U:AV"_P"8
M6Z2O^IQ3OW993_?UI.3>8>C;SH/(Q!P;XLX%P3=N,V(\2Q-,P9D8+<6Z4!E+
MV9ZQG`O<,G`6SSI&6FW\TW^,Q"14#^2Y3\!0W)X3;CH3IBLS3;';MT&:DZ"G
M24(4"APXI_A*```#<\ICL`!\OWZW'Z]5OD1Z4.P,>@MTE1[/S.*=^[+*?Z=Z
M$-&^0>E#L'0Y-Z<W"_,>"\5<:,E8.@[3@_"0QPXNH+J<M[6/J7PB(=0,;[I(
M1]A:33OW2(>JH%]Y<K;E.(CN;8=2VWB-PA2CR0U[^86Z2G^IQ3OW9Y3_`']Z
M$VLA>G;/5T7HF]+_`!G=Z?D>B\4*K7KM0+-"W&H3[:VY)7<0MEKS]&3AI1!!
M]<W3-=5B^;D4*19-1(PAL8HAV:>^6HU;@G6ADW.?2QX%<E<R'Y`YOX\UZ^YA
M4"J>.ZO[%=V#PPT<&P54?<8:S1L1O$`S3\'[7^UX?M^+<=Y!VX.>]K$D##?8
M-^T?;H+#T`8(Y!<8L`<JZ0KCCD1B:F9;IJBIG*$3;HE-XK&/3E\`R,%*I&;S
M%?DO!]GWADX;K;=GBVTTZ.J$TI*CR(WX/T_O2;@IU">)Q88RIVSE-TC$V#(>
M4)NO^:D;QE*XAG]Q5:/VYC=ID7(+)'[C%$.S5;Y$>E#L);Z=2JECRL0E)H=:
M@:;3JVP0BJ_5ZQ$LH2`A8UN42HLHV*CD6[-FW)N(^$A`W$1$=Q'?4&@R3(?2
MRX%97S[^=#D+CS7[+GC[S52X_P`(;JQ7=M(_>2D!&!5I0(Z/LS2#!6("';>`
MONOEG\H/&4VX[A#@G+=J2`B`CML(`(>W;?Z?;V:"R/V)Z6/`J#Y%!RSB>/->
M9\A@OTEE#^$LEBNYY,;W+F=FDK`,8K9SP`N'8OE=T_=/)#QCL0.S01L6[=J>
MNY3=.WAKS7GJC9^4&$83+,Y1(B3@JD_EIRW1!X:)F7C60DV:*=:L$,BN5V\9
MIG$RI5#%\``40#?<'*"EF-:_F%NDK_J<4[]V64_W]:K?(GTH=AZ:E=$CI=XZ
MN53R#2^)M3@KC1K%#VVJ3:%MR4NO#V*`?(R41)H(/+HY:*JLWK<B@%53.F82
M[&*(=FDVWF+TH)U1*6\9MG[1RQ>-V[QH\06:NVKM%-RU<MG"9D7#=RW6*=%=
M!=(XE.0P"4Q1$!#;0L#7#7(B5R7T)NEAE2TR-RG>*E:@IJ8>'?RA:#9KM0(5
MX[5.*BZOW;J=CBJZT%P<=S^[M4?%].JWO(QGQ[4W62'><7N"'$CA?%R<9QEP
M;2\5J3A$TI^=BVSN4MT\BD?S$F\S<;`[EK/(-$U-C%04=BB40`0*`@&I-(0A
M#)'J>3'$GCWS$H+#%_)+&\;E"AQEB8VQA7923GHINWL48V>LV,F5S792(?&5
M0;2"Q`*944Q`XB)1';2P*:B\SMN.'&3!W$?&;7#O'B@L,:XV93$O8&M7C9":
MDVR,Q/N"NIAZ#N?DI61,=ZX(!C`*PE*(?9``T!1+(Z+D]P]XV\S*7$X]Y-8I
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M@^,:D(MF]6$64/9X^)#X2BS2*3]K_;`GV_%V[H3A&34GH94Y3<'^+?->&J$!
MRAQ+$Y9AZ#*24U464K+66))#2<NS0CY)VB>M34*JL9TS;)D$JIE"@!=P`!W'
M3[ASC&=/@9IQ%B3'N!\:4S#V)ZXVJ&-\>032M4VKM'+YXU@H)CX_=8]!U)NG
MT@NDCY@[&664.._:8=(>0U/D[TQN"G,N[Q^2>2G'>J9-O,97$:DULKZ4M<))
M'KC9TZ>M(QZ>L6"%2D$V;A\L*)URJ*)%5,4I@*.V@B=N%RCD/+I-,K>.J=5:
M!3HQ*$J-(KD)4:K#(*N%T8BN5R-;1$)%HKO%G#M9)A&M$TBF54.H8"[F,([C
MH+PI19#/^4W34X0<T9)I/<CN/=+OEL8H)M&MW0^*U2\E:)%`B+)S;:A(P<Y(
ML42!X2(.5EDB!^I*&FFTZHS=N+=9*IAG!G15Z9O'BY160L>\7*FYN<$X(\@Y
MV]R]JR,>%>I*@LB_BHV[3DW"L9%NH4!2<)M@62$`$A@'5.<F/TX=A)^_C6LH
MQ?1KY/WAE(M'+%X@83%!9J\04;N4O$F8BA`525,&Y1`0W[!U!9'CB7I(=/'!
M1\EGQ1QKK=/-F'%]PPOD@6=EOKW[T8QO[<C:WU-U\4M;X6K.;12*4ZK?R7)/
M"'EJ$T$[5OWZDA2O_1C_`%_[[71^LPL>7C_W_F<Y']1_NC?VPZPEYF:VOE1[
MCZZ1H$/</T:`681?;ILJ0`[]!DLQ6D6#0`0=X_5IZ#T`&AD1R#TB@:`$^W3T
M(7F%:18-`"1TT1+,`:&$<Q6D4\@O9IZB7E#TAK(&@8-``T`#0`G]</T?DT]!
MZ"M(0D>\/I_)IH:R89NX="S!9@#N#Z-(3S"_7!]'Y=/0>@K2$#0`0Z:)ED`.
M[2&L@]`P:!,2;O+].A9DSS7>?(G]T-_MC?I:9IH?4._09K,(.\?KT:&DO*'[
M!^C01',(.[Z]-YE3%!I,F.0`]OTZ0U^8/UWU?IZ>A6@>D(&@`@[Q^K3T'H?_
!V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>7
<FILENAME>v107606_ex99-2.htm
<TEXT>
<html>
  <head>
    <title>
</title><!-- Licensed to: vintage filings llc-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">EXHIBIT
      99.2</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><img src="logo1.jpg" alt="Intelli-check"></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FOR
      IMMEDIATE RELEASE</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CONTACTS:</strong></font></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="50%">&#160;</td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stephen
                D. Axelrod, CFA</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Peter
                J. Mundy, VP &amp; CFO</font></div>
            </td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Alisa
                D. Steinberg (Media)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Intelli-Check&#160;&#8211;
                Mobilisa, Inc.</strong></font></div>
            </td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Wolfe
                Axelrod Weinberger Assoc. LLC</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel.
                (516) 992-1900</font></div>
            </td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel.
                (212) 370-4500 Fax (212) 370-4505</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">&#160;</td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>steve@wolfeaxelrod.com</u></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="50%">&#160;</td>
            <td align="left" valign="top" width="50%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>alisa@wolfeaxelrod.com</u></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INTELLI-CHECK,
      INC. MERGER OF EQUALS WITH MOBILISA, INC. COMPLETED</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WOODBURY,
      N.Y.&#160;&#8211; March 17, 2008&#160;<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8212;</font> Intelli-Check
      -
      Mobilisa, Inc. (AMEX: IDN)</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      today
      announced that it has completed its transaction with Mobilisa, Inc. Management
      of the company going forward will be: Dr. Nelson Ludlow, Chief Executive
      Officer, Mr. Peter Mundy, Chief Financial Officer and Mr. Russ Embry, Chief
      Technology Officer. Mr. Jeff Levy, will be the Chairman of Intelli-Check&#160;&#8211;
Mobilisa&#8217;s Board of Directors and Mr. John Paxton will serve as Vice Chairman.
      In addition to Mr. Levy, Dr. Ludlow, and Mr. Paxton, the board of directors
      will
      include: General Buck Bedard, Ms. Bonnie Ludlow, Mr. Jay Maxwell, Mr. Art Money
      and Mr. Guy Smith. The Company&#8217;s new website is </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>www.icmobil.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Jeff
      Levy, Chairman of Intelli-Check &#8211; Mobilisa, Inc., stated, &#8220;I&#8217;m pleased to
      introduce our newly merged company to the public marketplace and especially
      delighted that a substantial majority of stockholders recognized the benefits
      of
      merging the two companies into one. Each entity has its own strengths and now
      combined; we believe the company has the wherewithal to become a strong, dynamic
      force in the identity systems markets&#160;&#8211; especially within the commercial,
      government and military sectors.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dr.
      Nelson Ludlow, Chief Executive Officer of Intelli-Check&#160;&#8211; Mobilisa, Inc.,
      commented, &#8220;I&#8217;m very excited about the opportunities that lie ahead for our
      joined company. With Mobilisa&#8217;s success in obtaining government and military
      contracts coupled with Intelli-Check&#8217;s strong commercial presence, the
      combination of the two offers many synergies, including a combined product
      line
      with the integration of technologies, new product development, and reduction
      of
      duplicated costs. I&#8217;ve been actively involved in preparing for this moment for
      several months and the start-up phase is complete. I look forward to updating
      stockholders in the future on the progress of our company on the quarterly
      conference calls, with the next one in the coming weeks to report on the fourth
      quarter and year-end results.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div>
        <hr style="COLOR: black" align="center" noshade size="1" width="30%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>About
      Intelli-Check &#8211; Mobilisa, Inc.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Intelli-Check&#160;&#8211;
      Mobilisa, Inc.</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      is a
      leading technology company in developing and marketing wireless technology
      and
      identity systems for various applications including: mobile and handheld
      wireless devices for the government, military and commercial markets. Products
      include the Defense ID&#174;, an advanced ID card access control product that is
      currently protecting over 50 military and federal locations and ID-CHECK&#174; a
      technology that instantly reads, analyzes, and verifies encoded data in magnetic
      stripes and barcodes on government-issue IDs from approximately 60 jurisdictions
      in the U.S. and Canada to determine if the content and format are valid. For
      more information about Intelli-Check <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;</font> Mobilisa,
      Inc.,
      please visit </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>www.icmobil.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Intelli-Check&#160;&#8211;
      Mobilisa, Inc. Safe Harbor Statement</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Certain
      statements in this press release constitute forward-looking statements within
      the meaning of the Private Securities Litigation Reform Act of 1995, as amended.
      When used in this press release, words such as "will," "believe," "expect,"
      "anticipate," "encouraged" and similar expressions, as they relate to the
      company or its management, as well as assumptions made by and information
      currently available to the company's management identify forward-looking
      statements. Our actual results may differ materially from the information
      presented here. Additional information concerning forward looking statements
      is
      contained under the heading of &#8220;risk factors&#8221; listed from time to time in the
      company's filings with the Securities and Exchange Commission. We do not assume
      any obligation to update the forward-looking information</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>.</em></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>logo1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`10'0`P$1``(1`0,1`?_$`.,```$#!0$!`0``````
M```````!"0H"!08'"`,$"P$``00#`0$!``````````````$"`P<%!@@$"0H0
M```&`0,"`@8'!04#"`L```$"`P0%!@<`$0@2"2$Q05&AT1,488$B%187"O!Q
M,B,GD;'!-QA2)%?A\4)'=Y?7&7)#-(0F9[<H.#D:$0`!`@0$`P0%!@4,#@D%
M`0`!`@,`$00%(3$2!D%1!V%Q(A.!D3(4%:&QP>'4"/!"4G(CT6(S<R149'24
M)187@I*RPM+B0U-CD[/$-3?QTT2$M$55)C;#9765)SC_V@`,`P$``A$#$0`_
M`)_`CMXCH@BGK+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/
MNT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z
M_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#
MK+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]V
MB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[
M!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9
M?7[!]VB"%`0'RT01\A%$E@-L(B4!,`CZ-]^@P`.^XAX>KP'4DR#VPT$K6)B3
MR.$>Y#$`-@'P`=@#Q\`V#PTU6)F<X<0L$E>9,5]9?7[!]VFP0=9?7[!]VB"#
MK+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]V
MB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[
M!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9?7[!]VB"#K+Z_8/NT00=9
M?7[!]VB"$./@/[?3J%;BDK"1E"\(\!Z^K8`\!\A\/6.I'2I`'E@J)5CV"$,O
MR@#R,`CL'K'U!^_W::OS@YX$S:ESQG#5*#<@J94<I<84!$0WVV_?HFY^3+Y8
M0+GP([XIZA\MOW_]'^\1TUQ3^H!M'AXF$#H5[*53A1$V_AL/U^GU:GT*(S`]
M$/`41-1"3";F#S#2:=.*E#3W?7#M)X*!/J@ZOH_O]VC4W^4(-#G(>OZH.H?4
M`?6'NTQ:709I4-'YL_IA-3.14)P;F]`!M^_?4FG4)I/R?7!)*L4K$OP[8-S!
MYA[=-4%I$QXNP#_IA""!,$*/(0N_GL&^WHTBO,2G5IGV3QAGF3,DI.J*M.B2
M*1$=]@]7GY[#](:0DC))(AFHAP)(.B4'VMP`=A\!W'R_=L&FCS"=4I([<X%*
M/F!*0='.*M/A\4@81$0V$-O3J/4Y^1\OU1'YDS+2H0H@;?T;;?7].D_33U8:
M/EA"I15).4'VM]O#;;Z?[],\X<2`)RF8](2DIGQBA15-$.I95-$G^VJH1,-_
M5N<0#4R4/%4A-7YJ3^K'G<=;1@5)2>TRA2&ZB@<#$4(;^$Z8@8@AOX;&`3`/
M]NH:BH]W5(H7+N^F)!X\4R`[Y_1"B.P[!N/[@]@COX#IX<)D0@D'M^J&%UL'
M2)DPOC]`?O\`=IREE*=12?P]$*E1)FH21"?:#?JV$/#Q#4A*"C4#(RXQ-I2H
M>&`1$!\`$=1+6I!D$E7:(\^M2L4I,H!$0]`^WW#J2:![1`,/25+$TC#M/U0G
M7]'[>S2%0EX/$KE^$X506@:BF8[#C\T5`(B'EMIDW/R9?+^I#`N?`COA`$1_
M>'GMI'7`)>6H3[I_2(D*5#@`._ZH7Q]'MTJG4HEKG(B%2$G,@X\(01$`W\_W
M::'@L_H@50BRE*9@$GD(4!$0\MM.FY^3+Y8C"Y\".^*#&,`@`=(^L=]O?MH\
MYI."]6KL$2(4T4^-6,>@?OW_`'?MXZ<E6H3&7JAH(.1F(0?(?$`V](Z=(D@#
MG\G&`G2-1]D9]W&.<N6/(JK\4..V8>0=Q52+"XLI,G8R-5.H?O::Z095N"13
M(<BJR\W8'39J4"#U?S=PVVWUX;K7,VB@=N-494[:9]OX91MW3O9]SZA;YMFR
M;8/W;<:E*`>"4'$J)QR2%'*4:L[<D]D"X<(.-%WRH=R?(V0,;M,A6P[OXQ51
MDKY)R=N,42+=*A$TVTPF5,@AL1,"@'@&^H+'6W"ML[%;<4I]\<22H(!`Q)TX
M$G\61./.,[UGMMEL_56\VW;9_F:BJ4L-S(/@:2E"YD``D+2H3EGPCMXIM_#<
M`-Z0]`#Y;:]R''BL(<;4,)SX=T5BIQ"B0TL%0.1A#&$NP>8CX>7AX[>/GZ-3
MJG^)B?U($+U'RUX.2P/"*OM[".W@`>&P;B;;SV`-]0MNJ40%(4`>,2Z?92%)
MUSQ[NR%*("&_[>>PZ:VMTJ4VX`%C'LE#$K2N2DGP$R^B$`1'?]WEM_C].GE2
MDJT*4)GC+#YX>OPJTI$U=_U0OCN'TAY;?XZ5*_%H)F>P8?/#0K'2H25WS^B%
MU)"Q3U#ZA]ONT:F_RA"Z'.0]?U12*FP["`_V>OZ?#3DIUB:")?AVPX-+.)('
MRQ7OOY"`>7GX^[2Z9=L*4I3G.*1,8/`"B/TAY:\R%/ZR'$^#F(\KCBA^QI),
M*)O4&X?0(?7X:5TOI4/+2"F'ZE)Q6D@0H#N&_P#AM_B.I<>(E"I6E8FD$#M@
M$=@WVWTA)`\(F8%*TB<B>Z`HB8/5IDW/R9?+"!<\P1WP#OZ!#U;>G_#34N>8
M)@Z9<Q]<*5!/M#'O^J`-_3J1)U#.?R0J22)D2A=*9RPS@)D)Q28PAZ!']VF:
MG/R)^GZH87)?BJ/="^/GYAZ-@$?KW^C4B#J3-0*3RAX2K-2A+\.V%TQ"BH$G
MGW0N'`SBL_V@$``!W`0V-Y#X>GS\-0N?LHAV0B#IW^;/=:)W-\,5NBY&R92X
M'(U`P[(7*$J>0[G7H6;D)/)DU7))\M$1,\R8(NI""8I-UC)$)UIE\0WW$>U>
M@]BLUUZ6WNLN-(R]54[SI0XJ14D!E!`&&0(GG','5Z\W2AW_`&RGHW5(IW*9
MN8!P)+KLSZI")7'-#D_$<$.,TYGR1QY.9`I>-"5:,F*W6IJ-83;2%DWS"N,G
MS16P*?+R'R#MV@50AUBJF3$RG482[#RYL_:57OG=`L='4>555'F*23@F:$E9
M!ES`,L,\(O+<%Z.UMMB^O@K13-IU@9D*DG#@3B.4XYN[<'=IPEW'G>1(FCU6
M6QE::`6+7&EW>QUUW;;#%2*2YE+##PT.LJ*\%'JI?!57*<XD6,`'*0.DQMBZ
MC]+-P=,5,"\'SFWQ@IN:DI_.)R/T8QB]E=1;/O>::+4AT`G2N0498&0$;I[@
MW.2`[?&#HW.]QQG9LD5!:ZP5+EF=3F(*)FHAY8$W(Q#X49]1NC(-5'304C_#
M5(=,!`WV@\-8KISL:Y=1K\=LVVH:;N/EK6%.$I1)`"E#5PP(EAB>497>.[Z3
M9UJ^+US;II=6GP`%0)!E@9<HY,S3W=D\2<,^-7-HW'NX3=%Y"WAG`-L<QD[%
MR62VE8F:]:)>#G(T(Y-2$7DE'->*9=F)E.AJ<P@?J+OK9+-TDJ;MNZX;-:KV
MF;A;P=:W3I:4I)`4$*F21B)'">)D(P-;U!7;;#2[A?IUO458`4)0-3@24S&I
M,@`?29&.')/]4+@N"%,)OASR4A"K%.9N,TZJ$21R5(B:BGRIY%T@5S\(BA1-
MT=73OX[#K?Z3[KFZKB%>XW*@="2`K2LF4S(3C5*SKO9*)M#E;15:$N&0"D@$
MF,KK?ZCZ@9`L]'I%8X;\@8*8R!=*73HR>NYH=A38L;?8HN#2EYM\S356!@W1
MD153%+P5,!0ZMAUA:_[OESM=,Y5U=VHE(90XI2&U:E^!))`$QCA&0I>K]#5U
M`IFK95)4IQ"-2@`F:R`)F1D,<<,.4=:=PKO28^[=6:H'"^2,!9+OKRSTF/O%
M=L-(L52*RD(QY)R<*=JX83"S)^VD&TC%J$!,`4^(42F#SVU@^FW1*^]1;.]=
MK16TZ&V'O+6'R4D$@*&F1,Q(B>49G=G4NV;-N#5NNS*U/OIFCR@%S$Y8S`(Q
MCC?_`/IGQ6;81X-\KP_]R@?#TAOX^&^^MK/W;-P!OSEW6W`8X>9CAV3C7SUL
MMHF6[=7E`X^6!^KAVPX-VZNZ3$]Q6^9<KU8P;?</PN*:I4)9<<DK((6&Q2MK
MDYYF`,6C)/Y=&&9(0^WQ1-\4RIQ\`*&PU[OSIG6;!I:1^KKJ>I75E>D,JU:4
MHE,JQP)GA&W;/WZ-VU+S5)2O,)90"HNITS)R`S]48)A/O(4_-_.R<X#1/'G(
MD+DNK6[(=8LMJD;=35JA%(XU([-/S3<[=49610520#Y9$J!3JBH`#T^>O?>>
MCUVL>Q&>H:JIM=IJ$-*2!/S/TJM*9IG(8YXY1XK3U'H:_=CNU6T._$FR09@:
M,.1S^2'K`\O7]/EO]6JDBR3#=_<;[@E=[<V+J?F&[8KMN3*A9[LVH3K\&35=
MC).#F)"+DI6+5=-K`NU(\8O$HE8@F14`R1P#<!`WAOG3[85QZAW==DM+S;=<
MEE3@#F"2E'M8@X'*0D9QJ>\-X4.S;:+E<4N*I2J7@$S/N^N-Z</N1C;EQQYQ
MIR-BZ7*T"`RI$.+#7JU/R<=*SC>'"0=Q[5S).(DYV":[P[,YP2(8_P`,FWVA
MW\->W9MNLVKN9^QU+P<=I5%#@'LE6D'PXX@3$9*P7GX[:F;JTF5'4)U(G[4N
MT<(Z74`X%,=(A3K$*84B&.*93GZ#`"9C`4Y2@H(]/4)3=("([#Y:PD9J&7.+
MO>3IG*'F;9N%$#Q\O]2R#293(L?<+-.VNG.ZM%%QD_4C9YRS^[%7$C+`X>E(
M1L4J*?6!]SBGL.K>W-T<NVU-GL;UK*QIRUU!0$)225S6G4`0<`!/$S,HK6Q=
M2:>^;D=VLEEU-P:*ID@:)()F9Y]V$/1%-L(>?B`>7J`=@W$?$?`/,=4[4>?H
MTMB9)BT0E/L"6J&`>]_W9+!P)JU5Q%@T(TW(G*D0^GVMAEF'WK'8OHS196,/
M:QB5Q%E,6&6E$5$&""H'12!)191,X`!37ST,Z2?UBU*[C=TK;VO1_LRO947`
M)I2G`X`R*LI@B*8ZI=0_Z(T(HK:5*OSZD^6`)H"=4ES5.85*>G`XPS[QQ[,W
M<?Y_5>&S]RKY?7O%\%D%`UE@8:XS]VO&0GT5,"+UE,GI[:?@*I38Z616(NU;
M`H54J!BB+=#<"ZMZ]=7>F/3RYFT[+L-/5IIUE+BG$I0DK&!(,EZLI3EPBO+1
MTUWUO!"+S?KB::F>&I*4J4I<CE,22`>R<;6O/:A[MG;G;R6;.%G,>9S+6Z,Q
M?3DOCM>2GXZ4D(EFF*\DF.,+E)VN@VM!)H!U%$DW3=X8I1%$!4`NL33]4.CG
M4IQ-KW59F[9<:@Z&GVTH(25$XZ_"4`'B4G&1CWO[&ZB[0"[C9+F:VC8$U(6I
M23(<-/BGAVQ(:X$\A>4>;^&4!R'Y(XJIU(R#9*R\M]2H-7=3D&O-U)E$E7B)
MBSELGS1:S-7$Z"CQ)J4JB+-JLCU#U"8"\Z;VV]MVP;L>LM@KE55`A0FL)$PI
M1Q2)*.O2)`J\/BF)81=NU+M>;G8$7"\TZ&:HIU``D@ID)$X#2HG5ACA(SQC1
MG;F[NU*[CV2,AT/&N#KY0&>,*\TG[98KI9:H[;?$E95]$Q;**80:SUX^5=NV
M"XG4,*)$TR@;Q$VP;/OWH[=.F]JI;Q>*EIQRL5I:0@DY("U%9)\,@H2P,SRC
M"[1Z@4F\;K4T5`VX&:0E+A6`,9R3IYXCLCM_FAR<9\.>.61>1\S29>^5W&#&
M-E;-`0,I&1,TI#OI=C#'<QBDL463M=!W(I#\$YD^HFX@8!#QTC:FWSNN_L6!
M"T-5529(4L31JE.1((ED<8SVY;T+#;';NXAWW-GVM(&J4P,`2!Q$:>[?'/&,
M[AF%+%G2C8JLN/JK$6Z7I$&RN-A@7LM8)R"8,'<F<4H0KE"(9$/)HI$5.HH*
MG48W0'3L.2W[L6JZ<WT;<N+Z5U10E:M`)2$KRD2<3@8\^S-W,[MLQNUM2H4Q
M6I`U^%1*9$S`GS$-+S'ZF?"\-<[?0PXA\@I^R4NQV*M336KR],G2E>5B97@)
M)RU(S7,Y4C0>M1$BQDB`)#%$0`1VU;-/]V+<[U"Q<6ZZE125*$K25*(]H3`,
MS@92G%<.=<+$U7/6_P!TJ7JAI2@H@#A@0,^(CS4_4RXJ`AA_T.\KB`&PB;Y*
M`./2'B)BD*)A-T@&_P#?I!]V?<(*O.NUO;0D@%1=D)G+&%_KOH%`>[VRN"E'
M`Z!+MQPAZ[A?RQ:\I>)]&Y2V"NH8OAKJPN%A7A962(8M4KU;LD[%%5L,BY^7
M0;NVT7#_`!WQOLHHJ"<`'I*`ZI;=.W'MK[C=VVESWRJ:<0WJ;.M*E+`EI/$3
M.)^2+1L=_3>;0F\OH4S3*;4OQ"1"4YS$SRAFO//ZF/BQC^\R&/\``>'<G<EG
M<>]6CD+/`.V%5JTVY;=8.AK(/&DI:9QHW4+T@N$<FDJ4HF(82B4QKHV_]VC>
M-=;DW2_U--;:)QO6/,4?,EG)2/#I,LL3/LBK*[K38&ZE=+:*6IK*E!QDD:3V
M@B<^^7HBC#'ZEWC79[;%T_D?@S+O&4DT<A&]OETQN569D,&Z;J20:1419F[,
MRNY3JMX]U\+<!-L&XEBO7W;MR-V\UFV*VDN].&BLI0N3X.,TI;\4\A+Q"9/"
M)[;UIL^A*=P4E5;WEN23-$V].$E*42F1G.8TF0&9AUOD[W!L6X"XB/>:5(CD
M^0F&8M[#IO)/&EI@40=1<Q,I5\DK"NY@48V8!C-.DDETBJIJ$W.(=1B"757[
M6Z>76_;E1LUPFBNZPHR<&F12)R5Q$Q&_7W=M+9=O*W*P144(TXMF?A)E/YL.
M<7_@?S9@^<_'IKR1A\=SF*J%*S5BC81"Y3\%(2;QM4G:T?-S+\(151C$,6[]
MNH0H++F$R:8G-T`(:\V^=H5>P[^K;E<YY]Q0D%6@$@:@"!/G(\HGVKNFFW5:
M!>VDJ;H22)KD#X<_1VPW0?OTXZM7*2;XGX$XQ99Y*7N.N#RI1%BQ%;:3)4FP
MDCU")/;&A.OG3!".K$8<5`=OEMFZ)D5`(HKL'5OO]1][M^S4;ROU;3T="X)^
M6[,/XXB3<QSP\6,:H.J%MJ]PG;MLIG*BJ0J6M$E-_P!M+Z(?F@W<F]B(YY,Q
M80TL[9MW$A$I/TY9*-=J(D,LQ3DT$D$'Q6YQ$@*D(4JFW4`!OJE"E+;BT(6I
M;>HR41I)'#"9BS6EN+"`ZD)<4)^$S`[S(8^B+DH<`*(;&-X>(%#?S_QTQ:U@
M2;]LF42+2<&S^/X>S&(R?>YR.\Y.<DN%7:IH,N0B^7LGU#)6<E6_S)QC:>P>
MN'$!%R2:1034;JP\?*2JB1^H/]V;B.W4&JYWU5.W*Y4>TV,45"IN=@'//,8_
M+PCOS[I>VV-E["W;]Y.\HT,6.@53VU7XRJQ23XDI,@0%%M!4%3`4O`RQ>[Y=
MUB+9\,>0D`S:GC8BM\?\@#`I0[]]#NH<:E1I%W6W$4^BG+%Y'KQ+J,0.B9)1
M,Q13#8?1JY]GMLHW!;J*4V#5--@<"G4E)!["(^>6ZZFJN%GN=TJ%DW6HIWG%
M*YNJUKU3SS,YQ^<[PHY[Y<P#R=P%FC(^3\MY$Q[2[O$OKM5[7DJ]SD(^KK]$
MT7,OC,GTVY9O']=;R9I)`BJ9P%PW3`P&`0U])-[]*[)=]JUUJL=+3,7==,/+
M4))((`,IR.!`E'#VU=]W:U;B:K+HZZNV^;H,IG$''"8Y\X_3HB[C6;'4HN\P
MDY'OJ;.U^/MT=92N"$B5JQ(1J4PUG"NS[(E9*QBH+`<VQ2E\3;:^7E0R^U5N
M6527&ZQEPM*$O$%DZ0!S\6!CNWWM#U"W7-:%4JD!>HG#3*9.$\91^;+W+.X;
MD'DCS*S5DW"N2\DX^Q2$PE5:-&TR_7&I,9Z%JI1A$[K(1,7-HLBRMK=('="8
MA"B*!D@$/LB.OIATLZ4V*R;'H*>^4S%3?E>-P+D9!1U!,Y<!AE'$'4'?EXK-
MUO55CJ'6;<E4DE,P,,Y8Q/([7113[>G$>6>OY%\^FL'4^SS\Q/S+^8E)*:FF
M!I>:EI.6F';M\[</73@ZASJJF`H!Z`#7`/4MAMG?UVH:9L(8;J%-H2D2`D=(
M">P<XZZV<^[4;0M]2\9N*:"UD^LD]ISANOEC^HJXEX#R'*XFQ)2+YR@NL&]<
MPDJ\Q\X81-)1L+-<S=Y"QMAD$WCJT.&ADS]:L8R=-NHNQ5#["(6'L_[O^Z-Q
M6IF[W-YJVV5P&3CI(40..GPX'@9Y8QI6X^L5EMM:JVVJG<KJ^0/A`D,2)8`G
M"7KC3^)?U-_'V6N,36.1/'7+_'EO)NR)!:G*S2WP\8Q5-\'[XF(D8JOVDD6B
ML(`LHU9N!3+N/3X;:SMV^[3N:EHUU>VJZBN=*V"5!*Y*D!/P@:M1[,.^,;;N
MMMI]Y11WZAJJ*H60`K3,`DR`,],NW.42(DLJ5V>Q(XS%C%Q&9-K3ZDN[S4'5
M<FF!8V[1R44K*L"14X?XK!(LD1+X::JH=*9A`%``0,`<[.TM33UZK95-J:K4
M*TJ2L2(,Y2]'&+J35T[E,BK96%TZTS!3CA*?9$<>._5"X,F%7+>'X<<DYIRR
M_P#;6\(\ILPHT_F'1ZW(1SAQ\!,RR9BE,?I`XE';72=1]U;=U'2HJZVXT#+;
MH!2%+(*IB?A'&*49ZY6&I?=8IJ"J<6R3JT@'(Q<B?J?..\7(,DKOQ.Y.4B,>
M*IHC)236H',0#*$!PJ@R<RT8N]%LU$RHD2$QS`7I#81UX$_=AW=5**+=5VZH
MJDIF4EXI,O0%8S^>)$];K(D>?44E>Q2SE/RP4SYSF/3\\/;6#F7CESPTF^;6
M(FKK,6+8W%TIER+:0CI"ORM@JU?;N'=@;M!G4TT6,Y%H,'29VK@$Q^80%,3!
MN!M4HSM>M<W8G9E;JIZ\U(8)E,!Q2M*>4TE4IG\DSEPBTW-P4R]N_P!(:6:Z
M/R?-Y'0!-6&/BEPYQH#MK]S*I=RR!R=:L>XBNN,ZSBZ<@ZT^?W:=K;YS+STS
M&FE2-(UC7G+PQ&C6-Z#J++&`!.<"%*.VX;+U)Z:W?IK6,VNZOMKK'VBXGRYE
M(2#+$GC,?3&)V9OBDWK1N5UJ0L4[:M*O,&DS[A/MC26.N\K5+_S[?]O-OQVR
M!&Y8A+Y;J1,6MY<*>>EM4*9%.YZ7G4%D#'EGC16(9_%11!N1910P$W#SUF+C
MT>N=GV`SU#75-JL;Z&U(3(EW]*=*04SD)*!!,SACV1B;=U(I:K=2]G/-N"[(
M64DX%$T@D^+.4NS.'JTB])1]0G,(!MMX;[!L&P>`[;ZI]&N9"S-6HQ9"E@@*
M(E.&_P#N*\]:]V[\-5_-MQQ=:<E4^4N\?19%"I34%&2L1)R[5\]AW1VD\9NG
M(-'AXU4IA24*9(0*(@8!\-UV'LBX=0K^-O6QQ+504*7J42!)$N7.8C5-Y[MI
M]E6CXQ4I6M(<2B29?C3F<>0!C-^*W,^F<D>)->YB2T`[PYC.?@;5;S%O$W$.
M%X*FU%[),I*Q6%[&&^[8]$H0[A4R93J"1,H#N(F`->?<VTZW:VY7]JK7[Q<V
M%I0=,Y*6H`@(SG[0QCU6+<+%[LK=^5^CH76U+!.82F<]7+(PR1DG]35A=M:Y
MB"XY\5LV9_AH:1<-3W1)P6L1,F@D)@2DHF':PMHG&[%Z4ISI&>H,SF)L82`(
M[!=-L^[7>'J45&Z;M16]U0!2WJU*Q$_$"4Z2,B,>^*KNG6FVFI\NPT#M7H,B
MH"0P,IB0,;MXY?J-N'F5;4SH&:*'EWC->I`S%M&Q]OK;^Y1<O,23E)DQAH]6
MI,7%E(^>N5DBMR.(I,BIC[`8IMM\#NW[O^\-MV]R\T#M+<[(V`2Y3KU+'Y6I
M$L-/$ZCAC&:L'6&R7=]N@NC#]%<EKT@*3-OA(E?AD23*6GAF8D(BL44DE1(?
M90$U"@<ADS%`P%,'Q"*=)DS``^1MA`?`?'5#*=2A6C-0_`GT<8MT!!&HD:>'
M;/*4,3<^>^QA[@)R#EN/5[P?D+(,_&52MV\\]1[32R1I6-F;+.6C21CY9^TD
M8:31!N8PHK%W.@9-4!Z5"ZO+8/0;<W4;;[NY;34-LV]I1!UDI)(G/1^5EV8Q
M56[NJUIVA<!:ZE"EU9E@F1E/*?*.VKIB>\9_IS?*F,+(QQ[8LD0&!LBU=PA;
MYQ\S8/ZT[?WAPPD):KC]V2<%85G48U>?*%,A(,D%"G*)3E`:R:JZ:TO&EN"5
MN!M3B%)EQ'A''`@S[C&ZN,_$*1NKHE_HWDI(,\I@'&4^<=$\9<77##F(8:B7
MRW'O-G93=QEY"QG>2K_YH+-:Y>Q-VR;B:56D?EXY"3*W23.82I))E(3[!2AK
M'7.LIJZK-12-AI@I2`GE(`?+'MME)44=.6:E04YK)F#/`Y1T"'^/^&L.[^RB
M,H8@M?J(?_VI<8?^S7!__P!9K)KNS[N__*+<7[:[_L$QR9UG_P"8=H_:&O\`
M:N1(9[]&P=JKDYOY?)XY`1'J$`WR340\>DQ3>G;P](^0ZYXZ$(4YU5MB$&1+
M[OJ\I<XNCJFVIWIO6!.:64*_M5H/T1$`Q_PTY3\=>)W'#NU<3;3.N'$6YLKS
M)#.%;&6L&,G5?NLM63S#J-;E61M>*+'&1Q4)=NJD86G6(K%,B/6GV%N'>NU]
MV[YNG2?>K*/$PGW=9(]HH"AIF/"H9C/*.;Z+:MWL6W+=U"VJLS2D^8D3G,%0
M)D,P3/\`"4..]P;NIXP[BW:&DDSI1='Y%4K,N%S9/Q:=UU%41%]+(_C6B_,'
M46F*;*KF]9EX\Y_A+](BF92KNE_2ZZ=/>M(I:HJ<LWNU24O`$!0+29).8"I$
M<<<XWO?._P"W;UZ9+4V-%6%HU)GB%#`D<<XD:=J6L5V=[;_!&4FH2,E)"KX:
M@)*MO'S%LZ<0<BX;2D:N^B55DCG8O%HYTH@91,2G^$H8N^PCKG'JNZK^LJ]A
ME;J$*JE8I)`*,)`]N&,7-L:E9=V3:G'D)<4W2)(F)_BPPM^JXZ&Z/#0R229-
MV^;!'I3(0`'X%+Z?X`+MTB(B'EL(CKHG[HK:7W+RU4*?<;4JGEC.7MB*5^\%
M2LK%J<:0EM2BO(`>R4*],2G\%UV#G>.6#XZ9B8Z5CW.',4'=,Y%BV=M7!VM0
M@';8RJ*Z1R'.W=)E4*(AN50H&`=P#7*&Y*A;&[+H67*@E-?4H`U'+6K#T@^D
MQT10TE&]::9MQI'[$RO(9@`^N8SB'?\`J6)%W"=P_BQ.1T>>7E(;#5)FF$,F
M=4JTS(Q.8[&^8Q*1DDUE@5D7#<J)?AD,H(J;%`1V#79OW::/XCTTO-&ZKR6%
M5A!>_P`W-I$SPRSS$<X];7UTN^[544[0>>2@$(_*DI4A'9-B[XO<GBX":>!V
MDKQ7"M8YPZ5L,K#97>PL`D5`>J8DFA:"R%RR8A_-.F"Z.Q2#U&`-Q"KT=%-A
M+6HM[UIG*CQ'RR4@DC\5/Z4YRPSD3D8V8=2MXADJ?V_I:2D<Y`3D,TXRB412
M&4;*QU9OB\1%)6J>IE<))R[5DDW>';.FJ$R:-^,!/F!CT9)XHJFD8Q@3,8=O
M$1US34.)][-&%AU+"W`"53(X$RE^,`)XQ>U`0MANJ\I+2WV4J4`)8RG(X#*9
M$0Q>`0;?J4^0_H_J)R[WW`!ZMF;@0`1,`CMOZMO+7;N^_P#_`"_;?XO1_P"U
M,<P;3'_]QJQ/\9?TQ-YUQ#'59SB-]^I_`!X"XZ'SVY*T@`\A\#U&]%-Y@(>0
MZZ3^ZU_S&<'_`-O?^811?7X_^S4_MP^:'"^S3M_Y7W"SPVWPVQ'T^&\_/#TA
MN(^!=_#5<=9?^9UX_C?_`--$;YTY_P#@MJ'\'^DPYN'F'[P_OU6<;O$'[M(!
MU]_SE$(AXFG>7PF,`%+U;WY,/04.G<?'P\QUW%UJ;;>^[[:`M'EDNL#`XG]&
M!/TC&.4^FFO^N&XJ2O6$A[^Z/S91U+>/U"G+:DW+(-%;<#E[8SI^0;E3(W*3
M$F2V]1>Q4%<)*O,+6X2:4Y]&"R18M2JN"IR(I?$(8!4(!O"O*/[OEAKJ:DKU
MWYMEQQGS/)*03I\L*(*O,$YXCV<.V-ZJNJE_M]=54[ML*FVZCRPL$XXRY=L-
ME=\$[QMW=J';,E[#2)FL<5+"T5=[IPBE.06C@MI6QE1,FC%(RQ)`RXFWZ?'J
MWW\;DZ&.%'12Z4EN<U/E=8F0SU(22@S[9@B*NZJ:QU'HE5H'D'R%2X24H:N'
M81$_R)=,'\8P?P[AHZB'S-H\B'+!1)1BO%N&Z:T>NR,C_),S69G(9(2?9$@A
MMKY\J;K$ZD5)/O/FG5//VL09XSYQU^A2"WK8E[MY0TRRRPEZ)1Z/E&C=H[</
MET$6C9LNX>K.3%(W1:I)'.X6<&.)2%030*(G$P]/2`[^&G:`I20E$G"9)/$'
M]6'!!"5N2!:6,HP^8=Q4CCN=D(1TQ?0TA2I=Y%/8Q1!>-<QSF!649N8U=J8[
M99BNV$IDC)B*9B"'3X>&IFFO*KD)4@^\>8`HG.8/'TQ$]Y@IEI60EGRB`D<L
M<?5'YWW:)Y6<N^*V1,^3?$CBLXY23=PAH*-NT4V86B0/3XJ*LM@<P[\Z51+\
M=(LH\=*(@*X"7^2.P^.OH=UMVMMC<]HM+-_N[=L\IU?C6D*21[NUX0"M&9[>
M$<>;`W%N';UWNZ+%;S7MKJ1-*9S!U*`,P#^IC#BW/;N6]T7-G$;-V+<[]MN2
MPOB.YUIC'W;**D%DEDG3HUO88>11D57<\)(I$IY!FBENN'0/Q=@^UMJL]@=+
MNE]EW;;KM;=WTM?5H<U>0EL!2C(B0/G*YS]DQN.]=W;^NVUZRBN5D<IJ921-
M1*L)$'E*6$.J_IE@`>W'*#L'_P"2&5O'Q\=HVE](^/LU6WWH3/JF>7NC/]]&
MY=!1+8*?XPO^Y1$9WA'R=S5Q,[BG*')6!^.$WRAN,A-YXJCS'M?1GEGT;`OL
MN_/.[28E>B9M]\NS7CDD##\#I#YCQ,&NF>H>V;-NKIK9Z"\71FTL!EA7GK.7
M@3A*:<^!U9\(H;9]]N%CWO<W;=;Q<'RX[)!_..7A5\T28N&7=*YI<DN6.*<'
M9JX'3O&#'-OC,AOW]TMD->5%)>1JM/=S49!0SZQUFO1C!P+LA5%#;K**$(($
M``$1URIN_IMM#:^W:B\6#=#-X?;>9;T(,E?I5:9RUJF`/FB^MN;SW+?+VS;[
MO9DT5`IIQ1)!,RE,TR)2F6/I,^R,T[_=B?X3[7.3(C%::%,C[_D>CTFR(5UN
ME%HK0%]LKZ6N270S*A\`UI=I*%=G3Z3K"X/U"/6;3^@5NI[]U4HVK@/.2PA3
MZ@K&?EB2<\R.$9'JY65-IV$\NW@-J"TMX8>%<]0PX8Q@OZ>3B%@C'W"7'O)"
M,KU=LF9LUJ6:4LE[>L&;Z=JT=$V.3KL=C^#=N"+.()E#M8H#.DT!2.NY5,97
M?[(%RGWD=X7VY=0*S;?F5"+72!"4I"BD>)(43AG*<I9#TQB>BVV[53[63>O)
M0JN?4H%1`.`,ICO(GW0[GRJX@8`YBXSG,69RH,#9XR6CW#*,GACF"5KJ#I8A
M@2EZE9/EC2=?E6YB]1545"E'R,!@W`:;V]NG<6T*T5^WJBH:?"-*O&9*3QF.
M,_H$65>=N67<+0HKU3MNM)Q&`$NX\(;<[UF.*7B/LX9GQECZ!85JE4B!Q#5J
MO`1J1&[.+B(C(-.9,&[=)/X8?$`B0&.;^(Z@F.;<PB(V3T3K:R]]8J.[OERH
MK9/N+*CF?+5,]_(=T:5U-H*:R].*JCMC8;HD>6-/(:A/Z(AN)<W>8"_;VB.*
MN+X:T4SB_BV8G1S3DBF1TXJM;I?)UG>S$16KQ<FZ0-:W`%4>"W",151&14V%
MR<R0E3'LNJV/L9OJH-SW5U%;?ZT(\BF4$R04)`)D22HS$YR&D&4<QT>\]S_T
M,^`VY)1:-2M:P#Q.4^7+&)F?8OQ=P8K7$.L9$XA-2RMEN#!I'9NN-K"//ELE
M[C$$CS%/MI6A3)UR)B7AC*1\>UZ&:C44W!?B&,90>+>N]RWU<MX/6S?)4Q3T
MZCY+220C02=)'`S3+4>>``CJ'I;0;7HMOMU&W`':MT#S%F6K5+$<2!.9'IAT
M_D)F:#X[X.RSG6QL7DE7\14&SY`EXR/,D1](1];C%I-PS:BITI$<N4VXD3ZO
M`QS:IBJJ4T5*IUR10D8=PB]=G;2K=Y[LM^R[895USJVF4$X@*6J1^<1]RN9J
M,RPPKGQ],-&V-TL:)Y86G%UTDFZ-4-7OQ,+LZYS?"*8(H0V\?$Y@#S'43-P8
M=H55AP0VDJ/*21JC'TVWKO4;J&ST(4JX%X4P2`9EXNJ;D!GG+T8Q%4[(1K+S
MS[E?+WN09!;OBQ]72>5['S9X91RA!.,BF/'P,`R<+EZ4AJ.-8+X70GL8AWV^
M_P!KQJ+IVXY?=PUNYJG%HDH:GPQR!/9A'TM^]RFEZ'?=\VG]WRVZ4W2HTU5<
MI/A\PC25*,LPIV1QGES$2>>8P_\`VD<H!#R_T^9@_L''\_KH7:..ZK7_`!]K
M_:)CY3WW_P"/5?\`%G/[E40.^`/!G_6KVO.;7X6BTGF9,#Y2H^5,6'!`YWDJ
M6/QG(&N=*3,DBNLZ)::ZW."*`%'>00;&#QUWWU)WZ_L'K!9*A]1-FJZ5#3J9
MX?L@`5RP*I$\NZ.1]F;/;W=L&Y^5A<::J<6@\9:1ASX'\#'M2^\1D"M]IZR\
M$&WXB=9>?6/\IZE9TB.W3QAQTL:+E]/P2ZJI!4_$39[\2M,VJ'\XK%T4Q1`Q
M"AKRWGH927+K)_3VG2V-LH;]Z=3@)N($QAD4D^(F>8[8GH.IE13].G=H.E9O
M*R66SQ"29=^`/+"<6[N-\#4N#G;^X$Q]DBD&>:\R73+>2\OKBD4SR,=O:C0R
MU>B%<G13<D9TN!<$0.D/V0?*N3!YAI.F'4!_?_4N^OTJY66B:#;2!EX5*!5+
M*:I9CA*,9O;:B-H[)M+%6`;I4*+BSQD9&7RQ)!OF2+ABC].'!W.A/)*+M*'"
MS&L$SEX9P9I(PS6V_<%6E)1JY3V5;':1<PL/Q""!R>91`0`=<XT-KIKE]XU5
MFNP2H?%2M259*'M`?(#%_P!97UEKZ0IJZ#!2*.4^(!P)CG;],GQ>PXGQPOO*
M-]6(:<S)*Y:LN.H^PR;-L_=4VIU6$KSI")KQ7*2HQ+F8>3*B[M=+I6<$!,IC
M;%\=F^]!NF]_TH8VTT76K$W0-E+;9*0H^8Z-1`EREZ.Z-9Z#V.TO[>&Y*E`7
M<W*A8+BI$@`)P$^^?IAR_O2\6\,9WX$Y]ME_@:TTO&&\=3V2,<Y'=LF3>?JL
MW5TTY88]K,@1-R$;9TVQF"[0YA06%R`B3J*40JSHMN[<>V]\42+.IY3-0\&E
MM+)*5I7@<)RF!X@9<(L#J?M^TWO:M4[4(2EUE'F)<``(*3.4\\1,9\8;>_3=
MY2M]Q[?O)G&]@6>.:]B:ZV=K2%G9S*_)15VQ^I892":J',/PVD?,$46(F`@1
M/YK[(``ZL_[TMFM5GZJ6]^B2&ZBJ90IQ(E+6#GAQ(&/.0C1NAMU=N>S:RD<4
M5.,.*2"3/!23+$]T,2=GKDGS(XVY!SW*</N)YN6D];*[5V-ZB4D9QQ^#X:.L
M=B=0TJ/W$Z(MM+O'2J.ZG5O\OX;;:OCKIMG:&Z+3;%7N[T]E2W+RB?%Y@*,I
M:FY<#.9RE%/=,;W?K-=+@;%:TUPD=0QFF2N$@>6([>,=0]V/FGW'N0G'2)H'
M*;M^I<9L8DR!7+`IDE:HW)^X2EXI54L;$M)Z777CZ\E(+.1!<NQ5GA2@D0?$
M=:MT4V'L';^Z%W+;N[4W._AHRID>%/;AYBM7#AA&R=1-U[LO>VA27:SBWV8N
M>)S29A0S(FE/U\X?8P##8@K_`.G\NL'A#)JF6Z5$\0L_H*75>)7KCQQ:7L/<
M96XQ#RL/%%WE=5@+"^7:E:+")RHID.(C\3?7/=VJKK4]>FUWA@4]6;S3^'F`
MZD`@R$Y@`SEQBX+0W0,](5,VUXOTON#AU'\K23+,\^<<D_I3M_\`3WRN\O\`
M.ND!L!2AL!:`@!0\"@.P`&K$^]OANZVG^`*_NC&K_=W/_MNK_C/T&.+N-NQO
MU1&4`$`V#-'(00^D0Q3)E#????8IQ#6W[PP^ZK;)?YJD_P!J8U>T8=>J@\?.
M<_N5_J1-^2'J((C_`+7]VX:X>3[?]D?FCJ-7[$CO^F([WZFL!_\`+L@-@`1+
MR.Q@/VMQ^S]S7'J#Q'?;71WW6E('5`I<R515"1WGRY13?7I21LI<Q_ET?WT?
M1P[P?:N1_P"GCIV#*$^;1USRAQJR'7:PL[<J,V*TZI>+4[81[]X00%LSF738
MK54XCTE(L(FW*`AK%[ZOU%MK[PK]VN2-='37&G4M/,:4CYL8]&WJ"JNO2!FV
MT1*:IRB>"2,,=2C+TY0PYP\Y[]POM.TBW<;G/`EM*%C;3+6&3EKABO(\3949
M&24Z%225VIC5>$N4(B*1P9+BH<$T-B)J"0`UT%O[IWT^ZP7!.X;+N8TR"@)T
MX+3@`9!/F)"3CCQRF,(J3;NY=U],Z4V:JL@><*RK5+Q$'FK23W#+..I*'WQ^
M+/(_/>"Y#GKP@KN/[OC/)M=GZ9G*COEY%>@SR97$='O[G"34'&7![48]Z_(Y
M5;%=NTDSI$6,B(HB.M0NG0K>>SMK5SFS-P?$+>XP?>&!-(+<C,CQK\6F8RQ&
M$;!1=4+!?;W2IW/9Q3*2[)*\)A6!$YI&$QE/ZY?6;,S47!.%L@9UO\PV94/&
M]+D[O,2)W":2;MA'L1=-&C-0Q1(=W-N#HM6I0\3KKD`/$0#7(MMLM1?+M3V2
MB1^[*AX-)'+60%$]V9[HZ(N%SHZ&D=NU2=-$RUK';(3'KX=\0(L9<79GNDX_
M[A?.[,>3ZI4,QS,HZFN/E.M-_K\(:<L,`JTL4[7!8/WK=ZI7X#'[-M6HK^0F
M@=\J"G_JS;]Y7_>BNB]=M_IK0-E5L8;0JL(223K($Y@8^*9.>$YQR7;-K#J3
M27G>%:Y*Y%Q0825`#"9D9GE(#T`0_1^F[YS!G+CG*<3[Q+?$R5QJ9ME*@1ZN
MH:0G,)R[D4X3[)TRD^)0IA<8A0@"/PVQFF_GJA?O&[':VWN@;MHD:;+<_$F6
M25R!(/`:@=0[9Q;'17=9O-C<L%4K56TF1/%.6&/`]G&)+'[?\OUZYT2)3'"<
M7>)Z0#B0(J.(`;<?(-M](O\`8?PYQ*/9B%SWR./?)#.?<<Q9DC#W'+/.1:%B
MNEXJ@+7:JIC*Q2<&K*5_($O;)=O!O$VX%GBLH>12$3M@.0RHF3*(F*.NR.B.
MZMKV?IC>++>[@U2UM2ZZIMM2@"H%I("I$@XD2RX1S%U<L%ZNV]+96V^D6]2,
M(1J6`2)AQ1*3AP$O7#Y?>?@[GF+MHY8H^*\<Y%R#>LI)8Z;52E5.FS$O:04"
MTP%F=&F8=%`',"E&QD<K\P9T"7P5@!,?MB`:I'HQ<;;9NI-'<KK4HIZ*G4\2
MZ2``?+4D`$D>T3(=D6OU'I*ZX[$J6*)@NUCB&AY<L?;3,R$_9$SZ(I[)>.[G
M0>V_BS$.8<:VZAW"I262*[<*1DJJNX1PX;S=NF)M,?N^5;F;S,)*0TRF'Q2?
M$04ZCIF\2F#3.M%XH;[U&J[W;:D/TRTMA*TF?LH"<P<P1A$/2JCK*/9;%OKV
M"P\VM4TD2S42,^<XCE=XGLE6S%.78G*'"#%-]R!0LM.9YY/8=H%3FK$KBB?2
M%)\]6B'C))1FWI,VX7$[=FX4^8:+[IH@9'IZ.D>BG7VWW&A-BWY5HIRQI2BJ
M40"0``)@D8B0F0<<Y"*6ZL]*JYFZ*K=J4Q72O$*6$C(SQR'&)47:GBK+6.WU
MQDH]UIMQH-UQYCF/I%MJEYKDE6)V+GX19P5XD+&312.Y9G^.4R3E(3HK%_A,
M.P[<J=4'Z-_?MSK;?4)JZ%RL6M#J3,+2J6,Q/NB_]D-O4VT:1FH;4U5-4R6E
M)(E)29X_+.&2/U*6`<_\D)KC!6\`X*RWEU[2X3)<I:75%I$O,P\2G9U(!I#,
MUIE)(D<>2=JPJXF;D4,HF0"F.!0.7>Z/NR;EV[M1%U5?ZQNC%4@!*E*`,P%8
M8D8$D>J*LZUV&[W^LM:[>RITLGQ`"?XR23ZA$E3C8Y<.N/6$0>PL[`/&V**#
M'R$)9X=Y`3T7(QM9C8Z0CY:&D4TGT>[:O&IR&(H4!\-PW*("/.FX5,KO]:]3
MNAUE=:X4J&1!62"#VC&+TM"%-6FF"R6G$-)!'(@"(H??WP!R@S/SPPID/C]Q
MRS'EF(Q#BZFHR<U6J#8)"K+VF(R%+W1G#IRS=)%.13%FJA\<S8Q@2%02B8#!
MMKJ;H!N3:MHV%=]O;CN+5":Y2I:E`&13IG(D<9^B.>NL%FO]=NN@O%IH5U":
M8I)DDG5)4^`/RQO8W=S[W)TSE/VF%3@H(D%,]+S`<!2$.DWQ0&5`A_B$\P``
M#Z-:^.D/2,`K.]:5*0WJ'@03,D^&?G3F)#UQG4=0NI3I6EO;KBD@9S5_@8QW
M)VXN=O/[DCR.M6/N7O$__3!2H###^YUA$*E<HT]NGVUN@8=95*5LKEVF!86+
M=B462.RAS+`<0\-M:)U'V-L?:EEI:W:EY;O-QJ'0'-`2GRT2,P0%KQXS,B1A
M*-LV1N3=]^?<3N&VFE80,%8^UP&('X"(_GX;[B'&SNH<A.;F!>#&9LI1LWE7
M.;BDL[=C:YQE>G*UD!T[C49D?NXK681_W<?C(^)0.`AN&N@&J[8&[^C5MV'=
M]P,4#S:$:_$DZ5)EF"I)P]$4M44>[-O=3ZS<MNM+E0RM2I#2K$$G$$`B''3=
MW#O;>`?^4JZ.4H=7V*;E],Q1V\@.:4-XF\M]AVWWVU6['2'I"M@+=WI2I=4Y
M(IT(X8`D^=D8W1747J<IIQ9L:FT\Y*P'=I$X7NE*\I>;_:7XAJH8.R1=.0V0
M,A0^2+]2L=XZG52TQ*!9WJ*F6DNS^&)H$8Q:0;M4DG!OCN3$,8`$=]3='Z[9
MFQNKM>JIKVTV.F:6AIY2@-9FC21,RQ$SGE*#J-07[=/3VC2NE4J[J(<4@">F
M<\,!/EPC0'%CG9WE.*7'O%/'.I=K2P6:M8EK"56B+%8Z1E)"<EFR3U\^%Y)(
M1;Y!@DY,H]$-DB@78-]9K<VP.DVZMQU>Y5[MIZ=56XI:DE*%%)EE/S4SF>SC
M&,V_O'?MALU/:F]OK=0PWIG)0G++\0PY5P5[B/<?SWRRIN+.5O#E3C)BY_CS
M)=F&9_!=\06M<]66\&I&1*,M9'#U)HJR(]55^`B'Q76X``#TB&JPWOL#I]M[
M;3MWL=Y;NMT2X@)"`D:43.HD)6J9Y$RE&\;1WMNV_P!^307JW*H:61SF,>&)
M2)^B&XNV'@#D7COO/YAS[?N/&=*7AS*,YR02J5]LV,[)%0)QO%H/-5=:566:
M"I!MI9BW,)%71$DB'$I3B7<-6IU1W/M6Z]%;9:;;<FZB[LEDJ:"@5)`0)X3G
MX<LN$:/T\LE^H^H]?>:^A4S3/%T!4C+%1EPX@3/?$PY")CDXY2&:QL<C""BJ
MA]UILVQ(XZ+DQSN419E1^6%!R98PJ%$@@?J'?Q$=<B&92E:"?,"IS!CI,LI;
MI@E'M:IRAFKO!]IJ,[B^/:Q8:!*P=+Y$XF9/8^@3,V19.LVJK/SIKO\`'MG4
M9)+.(]@HZ3^.P=II*"S<B;J**2AP"Y.C/5:JZ:7=YNY(-1MJK/Z5L9@CV5RX
ME)S&<LN45MU(Z<)WM1!=.X&KDB12KNQE##N$^5O?7[9=0;8&MG%:VYCQ_5T4
M8FB!;L?6;)D=7(E$QR(QM;R%BZ15<R5>(0FS9N].<6J8`4O0&Q0O*^;/Z#=2
M[G\?M]V:MMR=Q6DJ2)*/M'3,2))Q/&*FME]ZM;-I3:JFWJKK:W,)5(G#AC++
MUQM>RYT[_7<]AS8EIV"_]*&*K*BM`7RUC6YS%4:_AI%(R3]&3MM\<25Y-%F;
M`8JB$$V^,J0PI]?VM8F@V_\`=SZ5OHO5;7?&KM2DEMM)2I)5/BF9Q!R,9!5S
MZN;[;-M33_#[:Z)%9!$NR?$1(8X9<;<F\(N$2F#\J9<>Y^6Q]3+$2MR4%49?
M[[B85>&=+?@&%:)/)29MK"%D53HQ)S)I//ECD2,0.@NN<]W;@M>ZMY.7RUTB
M;?25+R5%$P0#J'C,@`)IE,2X9Q=&W;/<]N;;%KN+ZJRI;2H!79IP2)G*?SPQ
MC^G)P'R%XXYYY*-<\X#S/BEKDJD5TE-F[KCZ>AZ](*URRV"4?LUII1N=C'O1
M9229T47!TSJ[B4NY@V&^OO&[AVKN#;6WZ?;]>U6/4S&EUI*@2DE(Q,B>(EC%
M7]'K->+#>[LBNHU-4]6\%I<EAX2KPXC(A1.'&'N^\76KA?>W+R5QQCVF7'(=
M[R#6X&KU2I4BO25DFI.46MD')B7Y2.15%LS091:IU7"HE13`H`8VY@`:/Z27
M6DL_4.U7:O<2Q2TS^I2B9```C,]^&46+U&IJBMV;74E$"JH4W*0$SF#'(_Z?
M*@9,P)P@N&,,V8LR9BZ\UO--]N#J#O%+FH1U)5^QQ$&M%/8`R[<R4^*@0ZY3
M)M3**)G*!3%`3%`=K^\)=;1N#J(JZ66IIZNB73-3<0H$`@J!Q$\1QC!=&[;7
MVG9+='<F%,5*%J.DB1(.,Y&7=$>;B_"=S3@US*SIR;PUP#S!DP<BRF5X6*C[
MKCN[1T0I5;ID4]L8S"01)FDB@]408MQ!,^VP'$#%`0UT/NZLZ9;TV';MMUVX
MJ:FJV&69Z2E8!0D3!&M..8[(I2QTN^-K[UKK[0V9;S;KSDL%#!1X'3Z8=0-W
M;N]NH=(RG:54.">QR"-+R^=5)0?`W0<901`!((@(@`;AX:IT](>E#Q2VK>--
MI]KV$2!3B/\`+?3%A_U@=32%K_H^N0_.R/9IQAR#'=(R!W9.VC<*/S*HY\-9
M(R78LBP[BMMJ_(1+[$%FI-U=HT!^UBK!O(N75?4CT53J*G`SM%50`-L<#!7J
MKE3],NH;5UVC4"L8I=!#D\'01XLIYXRD3*-YI*!_?FRG*#<S)I7G"04RQ$LC
M+#GQA@3!Z_>A[*<I;\7U[CJ^Y$X$E+$]EH]O!UVRY"Q\\DCBD1U:Z?+TA8]Q
MHSR<9MB"[9/VQ43+!UBD93J4-T1N=SHQUJ0BZO5XM.["V`5+D!PF%))&H@SD
M9]V<4I8%=3.ESB[6B@-9:2LD$3(.,A(RD#*4_JCH^T<N^^KW(Z\]POA[B*7B
M52+D1.&N>5Y6.M-.?QD"]Z@?`E<LB`S?,4SH^)S0T4YD!*'0F)1-U!JM/LGH
M9T_6FZWR]B^5S9P:;2!_8J1K65<\9<Y"-AJ-S]2]X)3;K7;%6ZD*_&X9Y\YR
M'JXRSAQ7N48HY1RW9\F>/EY9R?([E),L,=5)Q(80IMGF$KK(5BVPTLK9G[%5
MK\Q#&7K\0*C]=T9)LJ\*;X>W64@5[TROFUV.K0OM.KX;MT.NJ&L@:-23H1.8
M&)('8,.$;UO2U;@5T[=M!4:NZE"`2`<0%`J/'(`Q]G9CX]`KVP3<6^2^";+5
M'SR>RG"96QWE&B/:LK8XNYSSV2B9))9\U;EFRG@U4?@OD5%5VBJ)"]9#IDV3
MK3N0U/5%>Y]M5H?90ELH6E<Q-*0"G`D#$'#C,\XCZ9[?73]/$V>\4LEK6O4D
MC,$X'\!#,^+,!\[>SUW"KXAQ4PMGCDWQ)FI>);6Z)@:+.KQELI$D09%!@$HY
M:IQ3C)&-"N#$:RK4PMWH%!)8Y@4,1.YKIN'8W6?8+*MTUU';-ZL`Z-2DC40)
M#,@Z5RG%=6RS[FZ8;N?78Z2IJ]K.`3D"9`XG*>(.'RX0]'WKN0I$NT=EFY5Z
M(M%<4S,:B8Y;0UTK\C3[?%M[;:&)9Z,G:W+I(/V#XD9&ND%$Q*8#`;J()B"!
MM<!=17*BV[>KZ)U;;AU%L*1BDC#$'CW\08^HWW%]NTN[OO#[?JBA26J=+E;)
M>!UTZ%*;21SUE,1P;[W3UGW8_P`:<18V8*EEN0NLKA.\"5P"[Y#`M&,SM,8_
M6%<QE$D[2679PR9MA$463@O@`%U5%1O,M;&9LX,ZHI+9/ZV9E^'S1]%+)]V-
MQO[Z-UZG+IRWM.CI471*B/":ZHUM%*3QD6U+.4M28D_=B'C87CGVY<2G?-5&
MMKS:K(9OM"+MJ=JX;_C4C<E9CE$S?SQ38U%@R$O4.XF5,;TZM3I_;%6[:M.S
M4"2W`5GGXC@/4(^='WT>H@Z@]>;JXRZEVPVI::%C29IT-@*61VEU:YRY1WWS
M-%^/$[D:SB*_8[3,S6&<AUR$KM1A'UCL,Q-6:L2$#$L(R'C4E7CM59^_3`PE
M#I3)U'.(%*(A8^U5,T6YK8\^\&6&:E"E$\`E843Z)>N.-MQA\V.X,4C1><=8
M4`!Q)21+Y889_3:8<S7QMHW)G'N>L+Y;Q/9;3::%<JV>]42<A8B9AHFON(&3
M!A,K(&CEG[5^J3J;=8*F3-UE*8H"(=!?>9OECW5<[17[=K6JL(I-#I2H**5!
M04$F1,L)YQ4W1*VW*P6VOI;M3+8?+X6@*$IA0()Q'8#'SU/L9LHKO#2^>%:\
MQ3X@1A4>1]9B@*!V!\T2,NJ`8V.S64,<\=!VI)6P@/2*'RHMVX>1@UZ'^OCC
M_1EO;:B3NE<Z4KPF&)`%>&.*/!D,9\(>UTK2CJ6[?'!.S!DN`?KU@@I]!QBW
M_J3,$YYY$QO%.FX(PEEK+LO2Y?*%IL[BA4F8GXJ'C+#'5N+B&[N8;H@P+(N7
M,.L/R_6*I4P`Q@`#!O!]V7<^W-I5UWJ]SUS=,%46ALJ(!4HZC(3(GGSB'KGM
MZ\[CI:&GLM(I\HF)@3XCE.'3>(^"8K,_:HQ%Q>SG2KA56L]QQB\*Y,I]MA9*
MIVN!E(Z.&$F#E9ODTG"3F-?MRNF+DO6@L*9%"F,7?52;MO/P_J+6;BLSJ7Z9
MJK2^VH&>K)68/$82X19&W*#WC8=%8[J"FJ>I2A8EB#*7R?1$<C'6&^[IV/,F
M9#986P^[Y6<;;7($<K!"P<];:A/G12.A$61W!U9V:YX[N[..*#9]\-NHR<@4
MH"98I2"7I6];EZ5]=[;3U6X*P6?=Z$>6'#(ITB1`4"4ZA.<A,<XHJW6S?_2R
MXNLT=$;AMTN%:4I&!U8<C(R`GAV1>>0V?.\]W=*H''.H\-YK`6'K#)QA;X[>
MPUHJ<1--D5T7+1"[W?(Z,8X/7(]\V*Y5913,55S$(!@4Z-A\6V;!T:Z/5AO]
MPNS=WNZ`HM!`2`"H2U:`I<U)QDJ>1/./3?[YU.ZC,?!Z&VKH+0Z1K!G^*0<5
M2&!Y$1(EX3\):]VXN"4[AV,=/[_<CUN[WC)=@K$([D)"ZW^;@%$7;6L0C-)2
M8>L8Y!LWCXMOL=P9)(HG^V<VN==[[SJ.H6_1N!P>50H6`VDG)((E,Y3E,GU1
M<NT=HM['VN;53R57.@E9_7$2P[N?>8B:]NI3NK]MNY97N.+NW9E/(BN6X6"@
MI9K?J!>&3>*:P$Q+2[)U'E@%VJYUUCRQR'*MN!0`-O3KKKJ<[TJZJ6.VT[^Y
M&*2HI2"J92K\4`B6M,I'&?9'/>R:??\`L6LKZZELSCXJ)@8$8!4^7R8QV'RY
MY,][+N"85L'%J0[;4QCVLY"?01[#-1%2M<>]7:P,PSG6S$)O($XC7X)DM(,$
M177-_,`A=DQ*(B.M+V1M?HOL&_-;LJMRLUU53*.A"0E,Y#L6HG,\O3PV+<5]
MZF[RM+FWU69=,V\V)^$Y3)GBD2[NS.'3<%<*<D<)NRAG+CW98R8R!FN_XUS;
M+RU2Q[&OK>Z0R!ER"^XXBE5QO'I'7DD8HH-$7+DA01^,"ZHFZ/M#5>XM]VS>
MO6QC<S:DTUI16L`.K\*0AM0))[Y<>R+#L6U*W;O3!=F>:U793"YI&)FO,>@<
MNZ-)?IK\+9LX^8LY,4'/&&LHXCL,_D*FVV#)?Z9+UYA-0S:K!`NAC9)VB#%V
MY:R"`E50`X*%(8IP`2CN&S_>7W!M_=%\M578ZJFJV&Z):5%M05)6J>,IRC#=
M"K/=;-;*ZCN5,IL./:@2")C$<?DAJ7(E*[@."^[IG7G3Q^X/YGRK%_G!E*2I
M!+'CBX1]:LL/:Z\>I'DS"R^2EP;?S#K("'3\0H%-Y#JQ*&Y=.MR=$[=LBZW]
MJCKVM*E`D*T*P)&DK3,#(92]$:'<:/>]LZFUFYZ"W+?:62$X&12)@9#E*'$"
M]V[O:_9$.TLMUF,`&`:9E\!+]DOV@VE1#I$V^W[M5[_4_P!(D^-G>M,IQ<@1
MH1AZWHW1WJ'U%2E7F[=7-#0(5XL,3^L^2<Q!W&)'E3SM[.O&]T_P?D*U<DLC
MYD3N=QQOCK&]A,I2T*/.9!B)&-EHY1,R\$G"-'#-LG\X8%79P,8.HPB.O9TG
M>VOL#K+4K?KV$[=8IRVA]Q0"5%P((D9RQ(4/1'HWLUN7=?39HT]*HWEUY"U-
M`&<D%6)&?+#M,=[<":CR9H/9?IV+L=8VL=.Y6T[%&0L>5FGY.9K8^<P>0I&R
MS014V\<SJ'P21D4VFTY!)T0JR2OP>@-S=0!774:IVO<^M=1>:JI]XVZMY"E+
M9.H*;T)*@F1D22-.>&)QRC:MIL7NFZ<FD99+%Y2D@).'BF1/'LAN"M=SKO=<
M1(&OXZY-]O&=SH:NQ2$.3)<!#VH\I:`8)E;H2<O.XZ1O54DI%5%,OQU$VK8R
MRFYQ(43:LBIZ6]%]Q/AW:NY6Z%DB9;<`)F<</&DI`RECWQH[>^NI=D1Y=\M*
MGU$R!&4N\#&..<YX4[D/?&SAB26M/"R,XC8VI2\C$3>2;#7)RL*I5V>=1CJ:
M?STI:FT)9+[*L63+IC63)B5%-901$Z?68VMVV]?>GW0^QUR*6](OMRJ&R$M(
M(D"1I'AU+TRXF-=NELWGU1N]*BLM_N5J:()41+$*F<9"<Q^I#F/?I1Y0Y#PO
MB?@WQ8P/G/(M-.%9FLR7ZIT>QRT&6`I\<R8TJG?>;9O\O.*.GA/O612156,0
M[%),P?$.&U7]"U[.I[O<=\;QKF:6X!+IIZ=12"5KF2L3(E*>E,AQ,;SU;I[]
M4VFDVK9*5;S.IO6X`2`E$Q+#GQ^F4;_Q'^GU[9;W%.-W5PP_<[3:U*-5CV2R
MSUXR=3YJ;GSP[,\Q*2=2"=8A67CZ0,HH=B"*8-A-T;?9UA+E]X/J6]>'D4M8
M$T*%J#<L1I!.GOPEC/T1[[7T=V@BVM!ZF6:M:`5&8'B(QX<X9KOO#OD)VS^Z
M[`Y:X#<;\_Y)X^U1Q61G(:NT^WS\&-2M\<G&Y0QNE9I1596X@T;;23-P"BI$
MG@HE$W4B)M6[3;SVSU-Z/NVO?5QI*3<;:E%M*E)25*23H5(G(Y$8B1/.*XJM
MK7K9/4U%SVI2J5:%!((`,I$`*&`PXQ-CI5E97&J0-ICF,[&,Y^,:RB$=9X=_
M7K$Q([2*L#2:@Y1%O(Q,BWZNA5!9,IR&#;;;81XS>:++JF24E*"0"G%)`XCL
MY=D=/,.^>WY^CRU+Q(XSYF,H4`1VV`!'S\0W`!#R';<-]A\=MPTPI!1I.4/4
MXM+H0GV3G'.MDL/)QK8)9O3<88@FZRDY`D/*V#+5GKLP\;?`3$YW\*RQK-M6
M*I5S&`"D=+`(``[[Z\=<NOUA-*TE;4LRO29XX9<I1MUNH-GKIOYUK:ZGJ"9Z
M6J5#R92&.M50T09S$M)&`,\9"R%L_,`H[EPU@8!WWW#.5OW]'AO^4'E]GR\M
M>4/7E(D*9N7Y_P!4>_X=T]F";I=3(?O!K[;%7XJYA?\`!K`OK\<XV[P_=_1_
M2!R\`S%,W,_Z3ZH06WIXD$"Z761_@#7VV*/Q/S``!#\F\$;#_P#/2X[_`-H8
M@`=,)NQ!'NS>E1F1YF$^Z4*BW=/6_9NMU]-`T?GK8J"T\P0\L-8%\P$?ZY6_
M<=@``W$</[CL`:=KN\R?=F\3_G/JA%6WIXO.YW3#^`-?;8I_$W,#?J_)O!&X
M")O\];EMN;??P_*+;QZO[O4&A;EY<EJIT2!!P<EEE/#&'&W]/"03<[G,9?S>
MS]MBK\4\PO'^C>!QW'?QSG<!\=@#TX@\/+3B[>")>[-RG/V^/]K#?AG3OC<[
MH>^@:^VP@6CF"`@/Y-X'^SOMOG2XCMN&PAM^4'D/]_CYZ1QR\.ITKIF]/8Y+
MYA`FV]/4"0NEUEVT#1_WV%&T\PA'?\FL#?\`?E;_`/P@TA5=BC0:5HHEEK_Q
M84V[I\3/XK=?Y`U]MB@;-R_$0$<-8'W*.X#^>EQ$0'Z-\0CMI4.WAO!%,V!+
M+7AZI0BK;T]4)&ZW:790M#_?8]"VKF$4-@PY@<?_`$LZ7`V_AMZ<0#_RZ;JN
MTB#3-D'FY/Z(46WIZ!+XI=?Y`U/_`,;"#:>8([?T:P-X#N']<[AY_P#=!XZ0
M_%%8JI&B9@^WQ&7"%^']/L?YTNF(_>#7VV*2V;E^3^##.!2^>X%SE;B@/4(F
M$1`,/@&XB8?[=2>;>"K5[LWJG.>OT<HB3:NG:2"+I=<!^\6I>KWV/0;7S#';
M?#>!_#U9SMX?V_T@\=)YEWD0:9L@Y^/ZHD-NZ>D2^*74?]P:^VQ0:S\P#_Q8
M9P*;P$/'.5O'8!\P#?#X[;^G32J\'#W=`3R\S#U2A#;>G9(4;G<]0X_#VOML
M5#:N80_]3>!_/?\`SSN`>/E_P@\=.2[>$Y4S?^L^J%-NZ>G_`,TNG\@:^VP@
M6GF$4!`,-X&V$1$?ZYV_S'Q'_J@W\1TB%WA!*DTZ)G_2?5`+=T]!G\4ND_X@
MU]M@-:>8)@`#8;P,``(#X9SN!?W;B7$`"(?1Y#IZ'[RC_LZ"/VR?SB%^']/Y
MS3=+I/MH&I>KWV%_%7,,/+#N!P\-O#.5Q]@?E!MH+]T(QID_ZSZHC^&;!D1\
M5N7\@;^V10:S\P#?Q8;P0/B`[CG2XCY>6V^(!`/JVTWS;Q(`TS9"<IKF?7*<
M.5;>GJDA)NEU`'*@:'K_`';C"A9^8&W^3>!`\0'QSE</,OD.P8?VWW]NCSKT
M"2:=LD\W2/5X#A`;;T_.5TN<O_Q[6?HK87\4\P1_ZG,"B'I`,Y7#8?I'?#WB
M(;:0.WC][-3Y^<HGY4#YX06W8(6%&ZW3#E0-_;80;/S`-OOAG`P]7F`YRM^P
MAMML(?E!XA]`^G3O.O(_[,W_`*S'URA!:NG7BG<[H0O.=`T?]]PA/Q-S`_X-
M8''PV\<Z7$0V]0`;$(AX^GU^G4?\Z2T^ZM2*9>WPQ,LNV'FV]/#_`.:73^0-
M?;8J_%7,$!W##F!B^G;\\K?M^_\`R@TNJY?C4C94?U_U0U5LV`I6H76Z##]X
M-_16P@VCF`;;?#F!A\0V_KE<`\0^U_P@U(E^ZI$FZ5`[UC_!APM^P@?^*W.7
M90-?;("V?F`4.DN&<#`&XB(_GE;]Q$=MS&,&(`$YAV\1'<1TTNWF4A3H'<Y]
M4`MO3P`I^*70@\Z!H_[[`6T<P2B)BX:P.!A#83?GG;]Q#SV'^C_CMZ-_+0'+
MN%:A2M:C^O\`J@^'=/BWY9NMVT_Q!J?K]]@/9^8"FW7AG`QMO(1SG<-P_</Y
M0;A]6D4N[J4%JI6BI)P\>7R0J;?T^2)"Z767\0:^VP?B?F!]K^C6!OM!L/\`
M7.X"&V^^P`.(!``$?5I0Y>0LK]W1,_Z3#U2AJK9T\6DI-TNDB/W@U]MBG\2\
MP!#8<-8',&PE^UG.WCX"(#MXX?\`6&F`W@%:O=TS7G^E/R880B+7T\;2$)NM
MVTI_@+7R_NW&$_$G+[[']&\#CT=(DWSG<1Z1*(B`@(X@W'Q'T[Z77<2E(-*D
MZ#@2Y,^N4+\.V'K4OXM=/%P]P;EZO?)1S?RXP'G/F5@#(/'S*^%,$FKEWC0(
MSED,V6UQ(U.S,`,ZK-PB`5Q"7:5@)0A%B``@"A0,0WV3"&O-=K?57NU.T50R
ME!7B`"#CSF)=V4;MTSWQMWI/O^W;XL-WN`J:%T*6E5$V`MHGQ(T^]GVA.9GR
MY1^?W"<#<S-.>U<X(W>!!MD][E:*I,H@87B$/(01%S2I[4WE",%%35*4K+91
MTD](W4Z$S"/PQ,7IUS=3V*YN;C;L;S6M[S/"D'2"E)FHSEP&)PC[QW/KOL^L
MZ$U?66V5BOA2Z$K)2VEQQ#RAI0E;)<0E0"\-!<$C/C'Z0<)(<K:U"1-=A<)X
M$:Q$!&,(6(:IYQMI4VT=$MDF,>V2(7#Q2@";1N0H%`"@&VWHUTR/B[3*6&J=
MO0T@!/C/`2$\/GC\\]13[#N%547"JN5U]Y>=6ZH^Y-JFI2BHD_NP9DQ=?Q3S
M"$-APU@;SW_SRMX#O].V(`';3U.WA>*J9HG\_P"J&-VOIVWBBZ77'^`-?;8I
M_$W+_P`0'#F!MAZ=P-G6Y&W$!W`1WQ`;<=]`>O2<J=KTO$?WA^>%7;>GZS_Q
M2YRE_P"GM?;(7\3\P/`1PW@01*(B`AG*X[@(^>W]'_3J.=UUZQ3-:AR>)^0H
M`AR;?L%(T_%;GIE_Z>U]MA1M/,$?/#6!?^_*W^H0_P"#_J'4Q?O*A(TS9'Y_
MU0@MG3P2E=+KX<OW`U]MBC\2\O\`<!_)K`X[>@<Z7$0\MMO'$/E]'EH+]Z.!
MIVY?G_XL'PWIWJ"_B=SU)!`_F]GC_P!]BHMHY?D'<,.8'`?^W6Y>(`&P;_T@
MV'8/7I`]=DS)I4:B)3"QEWD3AZ;;T]TR-UNLASH&C_OL*-JY@'$!_)W`@B'@
M&^<[@8`V\!V#\G]@'UCYZB<-R<*2JE02G+4[(>GPF?JA3;NGP3)%UN?_`.O;
M^VP@V?E_O_DY@,!^SY9RN`#YCTC_`)/>>_D.I`_>09BF8G^W'_JH@7;-@+]J
MZW/^0-_;8]!M7+\0V_)O!(>7B&=+>`^7I'\G=_+34NWA.5-3_P"M5_U<.5;>
MGBDZ3=+O+LH6@?\`QL4#:.8&VP89P,.^^_5G*WF'<?/Q'#_AN&FGXHK%5(P>
MY<_[P?-#A;^GVG2+I=I?Q%J?K]]BG\3\P`*!?R;P/TAY;YTN(COMMOU#B'JW
MV^G3UN7AQ:5JIF_#D->'?+3*8X<H46_IZ!+XI=#WT#7VV`;-R_$H%'#6!Q+M
MX?UTN'AOMY;8@#;?;3$_%4I"?=6R`"!-R>!SX0@MO3P)*4W2Z`'^`-?;8K_%
M7,+<!_)S!&X`(?YZ7';QVWW+^4/2/EX>'AZ-2>9=_P!ZM?V_^+"?#>GDI?%+
MK_(&OML+^*^86^_Y-8%W_P"W*W_^#^HQ\4224TC0)SDOEZ(7X=T]_P#5+K_(
M&OML>7XDY>]0F'#.!BCZ1+G2XD\>KJW'HQ`'VA$P^/GXCZ](XN]$84S2C,'Q
MN&6''V3CZ(/AO3PG_BET_D#7VV/0UGY?F$#?DQ@<PEW$!#.5OZ@Z@$!\?R>#
MT#[=#KU\2A7DTS!4H8_IB/5^CPAWN/3L9W.[?R!K[;`2T\P2``$PU@<`WW``
MSE;P#U#X!A_8=2I>N:$R32H`[%C_``8C^&]/29FZW4GMH6S_`+["'L_,%0=S
MX;P-MX>`YSN(!Z=O`N']A`=_(?`=*'[LE?F(I6=?,N2/^S/SP"V[`2K4BZW0
M82E[@W+U>^Y]L4A9N8!?$,.X&\]PVSI<?3Z/\GP#I'U?7II=O"U:C3-:N8=)
M/RH&'/&&MVOI^W/^=;H0<_W`V?5.MPA0M',$/+#6!O3X_GE;Q,._F(B.(!$1
M'UCI?,O&OS/=F]7[9]$H>;;T]*-'Q6ZR/\`:GZ_?8I_%/+T`,!<.X%,(@(#U
MYUN"@#_$(`(#A\>DHF'8=@\M2*^)+,UTK9/YW^+"?!^GS:#Y=SNA<[:%'HQ-
M7'0-/<VAY78YS=(R%AK.LEUR\9795Q.0S1R/\23&6=QT2X?(@'D<[9$1_P!D
M->Q@+#?Z1&A<\0#,>@R$:A5HI6ZA2*)QUZE!\*G&PTH]Z$K<`[#J,XRLP>`C
MJ>/$4$]\>'VA]0?N_P";222>*O085`41^E/B[.4&QOH_;ZM&E/-7KA^E';!L
M;Z/V^K1I3S5ZX-*.V#8WT?M]6C2GFKUP:4=L&QOH_;ZM&E/-7K@TH[8-C?1^
MWU:-*>:O7!I1VP;&^C]OJT:4\U>N#2CM@V-]'[?5HTIYJ]<&E';!L;Z/V^K1
MI3S5ZX-*.V#8WT?M]6C2GFKUP:4=L&QOH_;ZM&E/-7K@TH[8-C?1^WU:-*>:
MO7!I1VP;&^C]OJT:4\U>N#2CM@V-]'[?5HTIYJ]<&E';!L;Z/V^K1I3S5ZX-
M*.V#8WT?M]6C2GFKUP:4=L&QOH_;ZM&E/-7K@TH[8I/N!=Q'8`$HCL.V_P!H
M`V_A'_GTU:4:225R`)SY0Y*`3)$]4:)Q[G2#R/E;/.*H>(?D<8"E:+6['/+F
M1-$RL]=ZD6Y&B8I),HN`6@(MVT!U\0?$7)!*'IUD*FSKI:6GJG3^CJ4%20%'
M4$I5I\0R$\QB8\%-7M5=2_3-!?F4_M$@`'"?A,S/U"+S!9]PQ9K]*XKKV2ZA
M,9%A!D4Y*G1\NV<S3=>%*V--,R()F,FY?08/$OGD$CG59_$+\8I-PTB[;5-,
M"I<0X*<F6KAV=N/##&'BJI%8(7J/9CW^KC'G4.0>$\@66;I])R?3;39JXC(N
M9N(AIMJ[<,&D.^^[)AX)B&^`Y91$G_NSM9$ZJ39Q_+4,4_AI*JT5U-3HJWV5
MBF<("5%,]1.(`QGECEEC"IK*;4$-KG,$]P`Q.>4:.8\X,+V3)*U!Q]8H'(,9
M%8?R!F:X7J`M,1^%:1`T>5AXEFVL#ARH0K=*V.9)8[!Z!@9F08+*@8Y"B;62
M5M>Y,T::UY`0E;J&T)E);A6"?#*>`EC,B/$;Y0>\BE4I4RWK)EX4B9'B,\)D
M881LDG*+"\-^#X>_Y"I%!OMO@:;/!0Y:WPKR8CBWM0K.ND<.&*QVBK*5E@.S
M:OMR,W;@H%3/U&*`X[X;5:2X$N%H**9B<IC.7=QY1.JY6\&2ER/(]N7KX1>I
M_DO@*JWUMBVQY=HD+D1Y)0<*VITC/,VTXM-V8`/7H0K0Y@'[[FT3`JU9B(.5
MD1^(4@D^UIS%IN%4RNHI6GG&$(*RH9:1,$XD9$&%=N%N964+=`6%`2[3E'ER
M#Y"8_P"-E"1R#D55\G'/K73J+$,8]L#F2E[->K$PKD)%M41$"=/S+X5UCF,4
MJ3=`YO$0`HI:;0_?:U5%0S4XA"U*),DI"$ZE3/=@,,S"7&Y4=J2DU"\%K2D2
M$R2LR'+#GR$8=#<ML/R&>K_Q^?V6(A+U29JEUMBUDY=B1Q:[%<J<%U2A(-@F
M7XR+IA"K(B`+F(H[.H8J)3=`AKU.[<KJ>WL712%"F?"R"#B`@R)5R!S$IX0Q
MJ[T#]<Y;@O\`=#:@#A@21/`\9<?IC8L5R"PK.9#>8FA\G4^2R3'KR#5Y3&<P
MV6G$GL.@@ZF(\&P#TK2<.T=)JNVJ9CN&R1P.H0I1WUX_AM7[J:U2'13CB>W+
MCQX<X]3-31/JT-N`K()E^;G&86/(5*I[J-8VNTPE<>3#&R2D6VFI!O'*OHRG
MQ?WW:9!#YDZ91:0$/_O+LXB!440$YM@UY:=I=4E2F0Z4H4$GO)D./$X#MB1;
ME,VM*%K`4I)([AB?5QC!S<C<$DKC^X&RU0@JT74ZK>W]@"R1AHMK3;THJC2K
M(JZ(N8A8NW+(F)&G\WIPZ4@,80`?:;37I<\DM/>9J4F7:D3(SX"(/?*$C4ER
M:)),QEXB0,>\1]U=SSARVQ-=G*YDBIRL3;+8O0JZ];RJ!4Y6\-D'3EQ3T$UO
MA+DLZ*#%8YV*A".2@F.Y`U$]055.[Y+R'4K"`O'\DXSSY8P,UE&_/RUS`643
MX:A+#Y<(S2J72JWF,4FJ=/Q5FB$I::@E9.$>(2+$DQ7)1S"3T=\RV,=$SN(F
M&2S5<@&$4UTC$'Q`=>6I0:52$.^9J7*7IR)[(]:4MK]DX?)&A&7+;#L338JY
MY,N-1QE'V:3OY:<$U=(29+;:Y0YUU$O[1".X59T@Y9';))NEVY!,K&IK%(XZ
M3%,`94[<N*J]RW--.K?;TSD<)J`($R1B`1PC'KNM$W3BI4X`V4%7;($CZ#'1
MD=,1<W',)R*?MWL-)1S:5CY1JHFXCWD6];E>-))JY(<R:S-VT4*=-0HB4Q!`
MP>`[ZQY0JE4JG4E7F)7I(.<YREZ#'K4M'EI=4265HG,*(`$IXB7(PU(%KX2W
M6^<>^YA?',3BO*)L39@@,;I6F6AXZ7N%!^?5CW,E,HF3`[W[HCX[XT>^,8J,
M>WF/A**@"H`/LN.P'&-TXMI<NM*H-E2/9)=2)2)`)SEP,;):.L5\H>EE;L-E
MUP[6NE0EXM+)FE5,HJDF4PD+.)P(,N$=<4GF/AF3QKA.\Y)L,)A*9SC3*]>J
MOC^_3\6A8V<79#,DXK[Q.V.+%)%5>4:H_,F%-M\=<J0'ZM>A_;]R1<*IIE*G
MD,C2M2#-,Q,J`GQ$C.-'H[Q1"D2Z@!@N(,DJ]J<SB<,NV-H6OD;@RC7-OCNX
M94I5=O3E2O)$JDG.,T)I(]M=K,*M\XSZS'8)V-^@9!DHO\--RN'PR&$X@77C
M9M=>_1&O:9>-.`3PGX9SPGPE'K57T2*E-(M9#ZO5/D3VQK&:Y@XP0FN0M9AE
M?O.Q\<'%`A;FTEY*.JD*\M61TD%:[68^QSJJ$25Z=1^T04,H8H`Y=II%`QC!
MO[%;<N`IJ>J<00U4H*T:A,Z4\>[,^B(&KS1K>?8;UZJ=24JP$BI1D`G'$CCE
M%_@.6>$YO(.7L=&MC2'F<)VO'5%N[Z:5380:=XRBU06K-4BY-<Y4'TL==TU:
MJ)!TF!VY33`!$X"+*C;U?2TC%:M!\I]M:T:0`2A&:L\CGW0YN[T;RW6YK'DN
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MS"S5,`*@3<-.JK)7TE,FLK&7FV%+"`3Q41,)PGC+''AQAC=?2/.*:IWD32#.
M9_)S/=&K*)S,Q'E3/D+@W$LBUR8+O%=IRG8;W5)=@\J]2C8*SP56BXR2'J%P
M]>V^0F5%8]9`!16;M%5"F.0.K7NK-JW"WVP76N2&F%.AM`625+)$YI`F))&9
M)&8E'CI+Y255P%N84I3Y;UDR\($R,3S,L)1<\J<KZ3B'*,]CRW0\J@A6>.EK
MY'/K,@=LLU<PE0MT74'%2C8WK*^>662D)I#Y0I=RJJ*E2*`G.&T%!MZIN-(W
M5T_E^6[5!@88A1$YGDD#&<^!B>IO-)2NJ9?*@M*=668QP&.)F/FC4U1Y^5"Y
MUC&<_%T&P,9.\\;KAR>N%<LDY7ZZMB"C5HBD;%L;W,R*B,0TF+9=4%H5H'QB
MD349NUSB"+90=>VLVG54-94T;ZF?,IZP4P($PZL@$EK#Q)2""299Y&,;2[JI
MJME-0T%!"J7W@Z@!H;FH`+Q,E$I,A\L=+,.0.+T9NOT6U7*I5/*DU3V-V>XT
M>66*>6&#B74,O./'#Y1HL=J:,C6[%T`OQ,FT6*U4.0P@&L0NUUJ*8U;+3KE/
MK*04`>(@@2`F)G$>N,T:VFU::A:4KTA78$G+'#MC!K3S%P3&85S!FZJ7J!R)
M6<,U"0MUG;U"59NWATV\:M)0[!$%MBE4M'P0)'+&*+=V)NI(QP`=O93;>NM1
M=J:SJ:=;J*M:4MJ69-S498J!)`3FK`R$>=R[6UNE>K`LK;8;4M02)JDD3D`2
M)D_BXR)XQF:_([#,+::MCFS7^K5G)UJ95==ECN1F6861!]<&ZRL#$NFQ3`FU
MD)99HNDS35%([TZ!P0*?;4`L]>IE=2EMSW9"E@JG@?+EJ(Y@3$/5<J!#J65*
M(=4IM,I8S<]F?+MB\IY[PVMDE3#R>2:D;*"8NDQHX2[;[^.Z8QB$T]CT&_5\
M-Q*LH9RF[6:$.9RBV.54Y"D$#:A-NK10?$O*>]S)EJ],N?.'^_V_WHT7FCW@
M<,82BY\PUDVQSE1Q_DJI6ZS5MNJ\FH2$EF[N09L499U`JR)4"[&=QB4XR69G
M=(?%;D=)F2,<%`Z=%5;JNB8;J:I#J&G?8)XY'GPF)]\+3UM!5.K98<U.-^T.
M4:BY&<GI'"UMQ/C*EXN<98RGF4US5IE26O5/QC%N65`91CVP?$MMS<)QKJ<7
M3ED"L8MLFN[<E*JJ8$T$5%29"V6)%PI:BNJ'`BWTZD)69%Q6I<].E`S`TG49
MC2",XAN5>:)UNGIQJJG02#@$2&8*B<#+(2,SA%V:\M\.P^-,?Y#RY.C@13(,
M;(R#"F9>%.IW&*6@E3-[0RDXA99=7X-;7()G+Y/=@5N=-?X@)*$,/D19+B_5
M+9M+8?2@XE"01CE(DC/NA47EFG0#<2&W5">DXJ[Y#AVSC(9;D/1*_DPU!?OF
M2$6QP7,\@['>5I>+0K-;H,=.,8-@_D'!U.HS6:^([<I."F*@5O'J&$QM]*FQ
MU3C*'4(4?,J"RD3,RX`"4CNU"?:8>]<:-G6%E4FVPXK`8),QS[(M.8>6F"L,
M8ZR3D^S72.E(S%-'KE[LL-7'*,O8@@[T*Z=`^4B45BB9>^/6ID8LRO01<Q1$
M#`4#"$]IVU7WBJIJ6E0$IJW2VA:QX9IEK)5B0$@@G`PE5=*2CIG*@E2DMH2L
MA(FHA4Y2$Q,F7.+LOR)Q_$2]P):)JNU:J8_QK3,DV^X3EMK[5I6VM\<RB<)&
MS<49W]Z1)W+6-%1%RN4J#LQP20ZC[AJ%RR53++52`"AUYQI.D2)4T$E1GR.L
M2YR,Y2Q=\1I/$'%%.E"5&8Q`7EZ8N[+DC@A_0E<H-\L4D,?(6#\)NK8YFVK&
M*96GYQ"/+6GRCXS=5C8%'SE)$K)4A')E%"`!!ZB[J;)<DU7N):=][T:M,\=,
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M@T00:((-$$&B"#1!'FJ(@3P`!W$`$!`3;E'S``#QW'35":2#E+'NXPA+@$VO
M;&4<.80Q/R0Q7E/+DI)K8-F:!E_-]QRG/3+9>]MLDHQ4G%14#4H9%@>)&L*O
M:[!5UBT,<[CH.1,P@`&UL-VN-IK44M+2%U-0S2I04E*9$S)*@9G,GB.$8*W4
MMP8<J*A83^F5.8S_``$<_<9^WS;\*W*KRMHM57GV.+D,SO\`&MJ:SF49NVOK
M]EZ;FUG=]FZQ8IY:@5)\C79<[=^VC4'*4F[,94QDR@0H9K<>]&[DT\FGITAY
MY3/@"4IDEI*1+4)E<R"<0)`F48BQ[:KK8IHU+NH-MN`XDS*RH@]DI@18,?=O
M?*K'\QCW_)-;1FK1Q+O/'.NSU4FL@S3N.M>0I,\E<,HDC+$HPKM/3L*R#4QX
M:":M$6YDE-E%3'`Q);AO6C=%-4*8\;5P0\LZ4I2I&E"$-2$]104DA1E[7""F
MVU6TH6I;L]5(MH8DR5-2BKTA4HNYN"V9[I`<@&V0K=BFMRF5^/>$>,52:8OC
MK&E$5/&6-Y65>78DJ]E6;-^_?W)M..$D$4DB)-&YB(B)@+U"S^F%#2T=#3M,
MK#U+<:BJ6I<B%ZTHT!*9D`("<^)X1,K;JZIFJ+B@E511-M"7`I*OG)!/,QN&
MT\,W<_>,HVIO(U=)EE/+O&"3EH]S'/U%6>"N-R$$^98Z8J])OA2,M;8M=X`%
M$&10<?:W.&O"QN<,-LLZ"I3=/4SRD7*@&2Y8>S/#B!E$K^WFGW'5:SI<=IU#
MGI8(U)[)@>F.2JA1,MVOF(MC5*D2X8BKO,R]\K,B6G(6,+3'SA7$33W,?CF*
MA,@/0<X]LD$%K>-5H%2)=N9).+0Z'2+,R!RJ9^XW"THV^W6^?HK6K6EC0V1I
M5-:RI1D09Z3XTD9@8F,$V:RHW"Y2KIOT`J`O41F!*4SEW=\.59^QA<,F2F!E
MZQ*UY"(QUG2HY*O$-8@D>FSU^LQEA391T4O'I.!;S$58I!I)-_CIB@H=D!3F
M`/'6CV:N;H$597K4^Y2*:"DRP*N$B1FF8)Y&-RO%&Y4+:=FA"&*EM<B,Q//#
M\,(TI"\3+*TR/$7:3FZ<NU?<NK_R<R$BVB)!.6L90H3['V$X%HZ,`%%U18TK
M)5THX$4A6;B*`?:UD%;B0NC#3:7!*@2PB9P&I2BYW:LLLH\+5L=;N"5O+09U
M#BU2&)FE(1_:D'CQC6W'#@;:L-90K5GMMCK-MKN/[/FFY5.5-8LGRUQLERR[
M89AT%GF:]/SXT"ERL/69]Q'.CQ;=T:4.<IA,W(4"#DKYNWXE1/TM,PAI+YI\
M$@#2EC-.H":@<P#*6.<X\5DVX*2J0^M:BW)S"9_&[.$HWURYXPRO)=/$L>VG
MXFOPM8O$@GDYI(-GRKFW8;ME<=P=_H4.LS<-P8R%K3%HW576$4P9_')L)CAK
M%6&]HM"W74(2M4TD3`("TF:5&?*?#CW1D[]9$7(M(:44R0H888&.8*-V_P#*
MV-N+]=Q+"Y,JTUDT,I4:SY$G#,I6HURXXNQF*L'CW#41,0;5];*9!5*J,8PK
M-XT*=TD^;KJ$,F#@=;)<-\L7#<JKJY3A%**5QM*0E)`6I,U+6)@*4HDDCCWQ
MKK>V*NBVW\+0X55:JA"M4R#+5@)YR$:UL7%O+&*>-]&X]P<I(VKDSD_ES8\Z
M5G*]?KU^N%"QA)R5T=R\S;[=;[4\=R\6G2,7RJS-@M)O3O).322*D503F*5]
M#?K=6W55VKVD_"VK<IG1@DZBA03H3^=D!@D=T(YMZOH[*;<VLFL<K0O4"3@-
M)..>0],.IUG&+;%^$66(<3"V@?PCC]:J49[(D6731F48=5G'S\\HV(#M^^<S
M"GST@L417<KG54,(G,(C7RJGSJU-=6`>Z%<R,S*>4N[`1NRJ1UFV):29NA,O
MD_`QPZ^X,W@:+%4Z*O%-92-3X*3G%JE3WW%)*.(#)]_.V2R3E%JH)NIDQG&K
M!`I$T1^=,<3?$-TB(#M])N=AJN36/M+7HN2:A<R/&TD)T(EEAI//A&NJVXVM
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MD9(G47`JY>E,K[?O:EH;8&@PKWAM^H<Q"5%7G#2@ZCBA2!,3`.H$Y3PBK]M+
MK+I2ON+(IA2!E4B?:$\9<<Q+E*-R6OAU+6:ZY,MIY>LD)E?D'QVO-I1>,I-=
MR?"?'>*KJ];QPF<4SF)+.;G!'D1`?]T'Y@XCN<V^L10[E:;8:1Y#DFZ-].,I
M%UW4-<I\)^K*/=56!]9)0L:UU+:QS"&Y>&?;+'MCT=\3KM:4,@1MXG:5*1%S
MYL5'DB]5:-)@[^3QW1'55DJK1I-JN1-L6:B'5+C&P*`=5DHV1.<2]9]M>@[G
M9\FEUM.:F;2NED3_`)1PN24,?UX)RREA$Z;0I*W0,WKBETG]8`@`>M)]<:;Y
M$XDO]8P;R%J,;6T+WEOD?RBCL@84?U*LV6QQL);D)RE3>-YO+Z@,T&=1JF.6
MV/VI9!\9V#59FW$$3@NN1,?=;K]3/W:A\Y*DVVAM_DO`D#4D^87`G'$JU`C(
M\.$8NXV];%OK$MS]ZK*X%!`)E+1*?(8&'`\!8BBL&XJK./8]XO,/(T7LM;+,
M\447D;G>+`_7G;M<I%==15=9[8[(_<.MCF'X29R)%V*0H!I=ZN+UXKEU;+82
MPM8;2G()83@D#A@G`RS./&-DHJ5=!0-I<42MI)U'\H\3#?V*.$7(>JYUJ&7L
M@9=K-F4H,#R.2CY!I,Y!6?6J\YG?_P#PY>'M+?BVQW1RU:NB+%RVB6HK.SA\
M8SA3^#6Z7'>%H<L5;9[?2K"Z@TRD$RFE#.!053FK405`]IPC7*';UX8N+5QK
M7VBVAEQ)`!Q*]6DREPF`>Z,CJ?;^>US'<11&]YC8MQ7.$MQXR5VVQ$8Z2G&.
M1<J3"\YE;)J@J'2!1"?EV;%P5+J!R8Q5Q4-N<NO/6[U;?N"KE4TZM"KBVX4$
M@H4VA*$H2!CC,&<>EO;[J65H:>0'C2*;!T_C34HD\YA0'H`X1MSC%QXR?CG*
MUWRIEISB(7\OAW#6$Z%!8DAIUE'U:F8H1L#F10D9&?;LG#TT[/6$5VZ":*:;
M-ND1(.OIZQQEXO-'5VANV4H>UMUCKZU+ECJ"-*4@$R``Q/&<>VT6VJ17.7!U
M37DJIFFP$B1FDKF<N,_PPCY>07#I[G3E7QXS9(VV,98SQ76;'$9$QRM$*.W^
M3':-OJ&0L<,%7YP,R;5ZNW>I-Y)V@H`F<JMD2!L05-W6?<K5LVU46LH)J:EP
M*;5^1X5(4><RDR$>6ZV%=UO-/6(5)BEQ6/RL9R]<<]8P[>&1*-QFRUB>8RO"
M6/*69\EUTMMOKF(D%(>-P+5LHDGHC$E>C#=+E($\?NI%LJ940;+S$P[<&ZDU
M-9J\;UI;IN)%R8I?+I*=LE*</$^I`3K5P)!"99R"1&*M^UWZ.ROTRE3J7B$.
M'DT"HZ4^A1[#.-WWCAQ.9"J//6*F[774[)R[2)5JM--H=T!*1CB"QE!4JI4V
M>7:JM)5^R2E6\H]?%:N4BE+**"@)51$VL91;I9I:ZU5#+:PFWI)6@JP6^7%+
M6KE.11*8X2RC)U&WUUM-74ZEA)J0D-$?BMIR',8SG&LZYP-LYZ1D6&L[G'\=
M/Y6MO'V'L!(:?RM>F33`V#[7#V<*`2P9(F)&2D).542DR-`!HR8LT'X(]!RD
M$X^YS=C:WF7Z7S"W3(J2W@$3=?$M12"9:<,9DDB?&414VVO+2\$+\+BF=0./
M@:,UI_LA*/M=<%+@\Y-7#*,C9J],8[O'(*F9\G4Y2RY1-:OB42H5J+JN/FM+
MBYB,QNLSK]KK"#UC,NBKN6S8YT@;B<>O42MWZ+"W;FVD^8S2.,^RF8+AFM7F
M>UXA(%,L^,.&WGW;RY5E?Z%3S;PQ_P`WD)1D-1XEYE@>2]PS<ZLF*H)C.2F4
MYU4]6869\>Y3U@@VU;Q1:;/CJR@XIU6R%CJNI?)R=@@GC9W8F9"H.2@D8^WC
M<O%`NT)MJ0X:CP#$`:4I,U#4"2M).*4D#3$B+56)K55BG6R3JX',@R,I<,)\
M_3%YX><6LE8$L]IL%\D\<_*3%0BXIA5\<K6R4K$;<GU@E[/DBYU%.]MUY;%]
M:O\`,NF[L]1BG;B%:.B&73#JV'7GO-YMUPH6**G;=-<PHK6XH!(*5`)0@@$Z
MBG29K.)$A*/3:[4:*I>K7U)4ZM(2-,Y<3Z)F/;EOQSS%G=_)14$I@>^8FG\;
M.ZNICC.E<L0&Q_DU.1DSQ.8\?7"E-QLC>6&-E/EG+4J[%8HLT%&SM`PJ;RV&
MZ45I`=*ZAFYI<"BXU)27&R)%I22I,M1XXB68@NMJJ*VF]V6D.)<0H#$@H)&"
MP1CX<S],8':>'.=V@U9Y0\L4ZUV/_1FPXAVVX9BC9V6DHI09$',YEFJ1C$KY
M"?G;&V=K%>,)%=,K@S)E\5RJ4%0/Z*._VMP@5=&MM":_S]*5!.ML`?HB1/3D
M2%=IP'&)^QU2$J*'4S-'Y/F+\2DJQ\0[YQ<KUP9DYFB\AJM"6J(4>9)XR81X
MP8^<6!"3`(VB8I8SJ<VTLR\>0QT_QR^L+@K@S$IBIIBF82',7I&6BWHBC<H5
MU*`FD8NKU60,?V7R@!PGI\LX&6<15=H>K*>K0DGS%T:$C^QU$^DRG'B_XD9G
MG*UEN0L$_B%._P"8,\8`N<U#1C"SMZ(E@W!"]*/$X?/(JH%GGSY1."?[OQ;I
M(*K/MA13((D!XW';6%TS:&W/(9IG6P2!/SWRK](D`R`$QA,2RX0]JRU*J-Q!
M*35>:DG.7EI`THQ]/.,HR7Q*N-OE<QWJ.G:*ZNUYY$X'S!!Q=DCI-2ERU(P%
M#5F-KN.\@@U1<R"Z3A^UE7Y7#9)9)!\NV/\`#.!%"CC:3<EOHVDTJVG32-4;
M["E3]EYX3\Q([#IPPRSRB1^T5#JS6+4E-0M]IR1Q&ADF:<.8,6J)X=Y%EY>A
M6?(]SH[Z0=\PGG+',L)6X273K<LM`8W=4/%5%JAI,YG"[>E.V,,^=/WQ$U9%
MTQ46^&F8Y"$E7N.F\Q3-&EW1\.]W0M1Q$S-2L#X=0)``G*8QX1"U:*Q12^7D
M>6*SSE``@:1*2<IX8XG_`*<'NW!;)KG"F-\<5.:QE(66N9!SKF"PW&9D,@T^
MRP&9<N3UMLT)DS%5WI?QK!#R-2>W)ZU>1SI%1E,QJYFR^P>?I:W#3IN"ZXA8
MIU-H0$R"P4-A(TJ22!F)I,YI@KK-6N65%$EU'O&HF>(S)(EZ_3#D&):I)43&
M-`I4U*M)V;J=0KM>G)V/AV5>83LW$Q#-E,3C.!C46\?#(3,DBJZ!L@0J27Q>
MDH``:U6LJQ75;M6-4EK)\1F<3A,G/"-BI6%TU*TPXH*<0VD$@2!($;(/_"/U
M?WAKSQ/'CH@@T00:((-$$&B"#1!!H@@T00:((-$$&B"#1!!H@@T00:((-$$&
MB"#1!!H@@T00:/G@@T00:((7[.WAU[>C??I^K?PT00FB"#1!!H@@T00:((7P
MV'JZNGT[>OPT012'3_T-]OI]>B"%T00:((-$$&B"#1!!H@A0W\=M_IV_QT00
MFB"#1!!H@@T00:((-$$&B"#1!!H@@T00:((-$$&B"#1!!H@@T00:((-$$&B"
#/__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
