

                                  Exhibit 10.2
                                  ------------

                Intellectual Property Security Agreement between
           SRC VISION, Inc. and FMC Corporation dated October 14, 1998
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                    INTELLECTUAL PROPERTY SECURITY AGREEMENT


     This  INTELLECTUAL  PROPERTY  SECURITY  AGREEMENT  ("Intellectual  Property
Security  Agreement")  entered  into and  dated as of  October  14,  1998 by and
between SRC VISION, INC, an Oregon corporation ("Grantor"), and FMC CORPORATION,
a Delaware corporation ("Grantee").

                                R E C I T A L S:

     A.  Grantor owns the patents and patent  applications  listed on Schedule 1
and the trademarks listed on Schedule 2 annexed hereto.

     B. Advanced Machine Vision  Corporation,  a California  corporation ("AMV")
and parent of Grantor,  has entered  into a Series B  Preferred  Stock  Purchase
Agreement of even date herewith (as amended,  supplemented or otherwise modified
from time to time, the "Purchase Agreement") with Grantee, as Lender,  providing
for the payment of funds to be made to Grantor by Grantee.

     C. Pursuant to the terms of the Purchase Agreement, AMV has agreed to grant
to Grantee a security interest in all of Grantor's  "Intellectual  Property" (as
defined  in the  Purchase  Agreement),  including  all now owned  and  hereafter
acquired  patents,  patent  applications,  trademarks,  and  copyrights  and all
proceeds  thereof,  in  consideration  of the  payment of all  amounts  owing by
Grantor under the Purchase Agreement.

     NOW, THEREFORE,  in consideration of the foregoing and other benefits, (the
receipt, sufficiency and adequacy of which are hereby acknowledged), Grantor and
Grantee hereby agree as follows:

GRANT OF SECURITY INTEREST
--------------------------

     For good and valuable consideration (the receipt,  sufficiency and adequacy
of which is hereby  acknowledged),  Grantor  does hereby grant to Grantee for as
long as the Grantee holds the Series B Preferred Stock acquired  pursuant to the
Purchase  Agreement a continuing  security  interest in all of Grantor's  right,
title and interest in, to and under the following (all of the following items or
types of property  being herein  collectively  referred to as the  "Intellectual
Property  Collateral"),  whether  currently  existing  or  hereafter  created or
acquired:

          (1) All Letters Patent and applications for Letters Patent  throughout
     the world,  including all patent  applications  in  preparation  for filing
     anywhere in the world, including, without limitation, the patents (together
     with any renewals,  reissues,  continuations,  extensions or reexaminations
     thereof) and patent applications referred to in Schedule 1 annexed hereto;

          (2) All registered  trademarks and trademark  applications  throughout
     the world as well as trademarks  used in the business,  including,  without
     limitation, any trademarks referred to in Schedule 2 annexed hereto;

          (3) All copyrights,  whether or not  registered,  for works related to
     Grantor's business; and

          (4) All  products,  proceeds and  benefits  of, and rights  associated
     with, the foregoing,  including,  without limitation,  any claim by Grantor
     against third parties,  and the right to sue third  parties,  for any past,
     present  or  future  infringements  of  any  patent,   patent  application,
     trademark, or copyright including,  without limitation, the patents, patent
     applications,  and  trademarks  referred  to in  Schedules  1 and 2 annexed
     hereto;  provided,  however, that products and proceeds shall not be deemed
     to include inventory or accounts receivable of the Company.

     This  security  interest  is  granted  in  conjunction  with  the  Purchase
Agreement,  the terms and  provisions  of which are  incorporated  by  reference
herein as if fully set forth herein.

     If: (a) a judgment or order shall be rendered  against the Company and such
judgment or order shall remain  unsatisfied  or  undischarged  and in effect for
thirty (30) consecutive  days without a stay of enforcement or execution;  (b) a
notice of lien,  levy or assessment  (other than a lien, levy or assessment less
than  $10,000 that is being  contested in good faith) is filed or recorded  with
respect to any of the assets of the  Company  the  Company  (including,  without
limitation, the Intellectual Property Collateral),  by the United States, or any
department,  agency  or  instrumentality  thereof,  or  by  any  state,  county,
municipality  or other  governmental  agency or any taxes or debts  owing at any
time or times  hereafter  to any one or more of them become a lien,  upon any of
the assets of the  Company  (including,  without  limitation,  the  Intellectual
Property  Collateral);  (c) any material  portion of the  Intellectual  Property
Collateral is attached,  seized,  subjected to a writ or distress warrant, or is
levied upon, or comes within the possession of any receiver,  trustee, custodian
or assignee for the benefit of creditors and, on or before the thirtieth  (30th)
day  thereafter,  such assets are not returned to the Company  and/or such writ,
distress  warrant or levy is not dismissed,  stayed or lifted;  (d) a proceeding
under  any  bankruptcy,   reorganization,   arrangement  of  debt,   insolvency,
readjustment of debt or receivership law or statute is filed against the Company
and such proceeding is not dismissed within  forty-five (45) days of the date of
its filing, or a proceeding under any bankruptcy, reorganization, arrangement of
debt,  insolvency,  readjustment of debt or receivership law or statute is filed
by the Company, or the Company makes an assignment for the benefit of creditors,
or the Company takes any corporate action to authorize any of the foregoing; (e)
the Company  voluntarily  or  involuntarily  dissolves or is  dissolved,  or its
existence  terminates or is  terminated;  (f) the Company  becomes  insolvent or
fails  generally  to pay its  debts  as they  become  due;  (g) the  Company  is
enjoined,  restrained,  or in any way prevented by the order of any court or any
administrative  or regulatory agency from conducting all or any material part of
its business affairs; (h) a breach by the Company shall occur under any material
agreement,  document  or  instrument  (other  than  an  agreement,  document  or
instrument  evidencing  the  lending  of  money),  whether  heretofore,  now  or
hereafter  existing between the Company and any other person or any other entity
and the effect of such breach is likely to have a material adverse effect on the
Company's assets,  financial condition,  results of operations or business;  (i)
the  Company  shall fail to make any  payment  due on any other  obligation  for
borrowed money or shall be in breach of any agreement  evidencing the lending of
money; (j) a Change of Control (as defined in the Purchase Agreement) shall have
occurred,  Grantee  shall have,  in addition  to any other  rights and  remedies
contained in the Purchase Agreement or in any agreement,  instrument or document
executed in  connection  therewith,  all of the rights and remedies of a secured
party under the Uniform  Commercial Code or other applicable  Federal,  state or
local laws  (including,  without  limitation,  the right to  foreclose  upon the
Intellectual  Property in accordance  with all  applicable  laws),  all of which
rights  and  remedies  shall be  cumulative,  and  non-exclusive,  to the extent
permitted by law.

     IN WITNESS WHEREOF,  Grantor has caused this Intellectual Property Security
Agreement to be duly executed by its duly authorized officer thereunto as of the
dated first written above.


GRANTEE:                            GRANTOR:

FMC CORPORATION                     SRC VISION, INC.


By: /s/ Charles H. Cannon           By: /s/ Alan R. Steel
-------------------------------     ------------------------------
Name:  Charles H. Cannon            Name:  Alan R. Steel

Title:  Vice President              Title:  Chief Financial Officer

