Appendix III

Sample Development Agreement

Development agreement

Preamble

This is a development agreement, effective as of 1 June 2014, between ClientCo LLC with offices at 111 AirPark Street, Scottsdale AZ, 85254 (the “Company”) and DevCo, Inc with offices at 123 Industry Street, Scottsdale Az, 85254 (“Developer”).

Recitals

The company is in the business of access control, has developed certain IP in that field and has developed and markets an access control and security system (ACSS) known as the Ovtcharka ACSS.

Developer has special expertise in facial recognition systems, and, in particular, has extensive experience with 3dP facial recognition systems. Developer is generally familiar with the Ovtcharka ACSS.

The company has committed ...

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