EXHIBIT 10.27
GENERAL SECURITY AGREEMENT
This General Security Agreement (this "Agreement"), dated as of March 29, 1996, is made by Integral Vision-
AID, Inc., an Ohio corporation ("Debtor"), in favor of NBD Bank ("NBD").
Recitals
A. Debtor (formerly known as Automatic Inspection Devices, Inc.) and its affiliates, Medar, Inc. and Integral
Vision Ltd. (collectively such affiliates and Debtor are referred to as the "Borrowers") and NBD have entered
into a Revolving Credit and Loan Agreement dated August 10, 1995, as amended by a First Amendment to
Revolving Credit and Loan Agreement date October 12, 1995 and a Second Amendment to Revolving Credit
and Loan Agreement dated October 31, 1995 (as amended from time to time, the "Loan Agreement") pursuant
to which NBD has agreed to make certain credit facilities available to the Borrowers, including, without limitation,
a revolving line of credit in the maximum principal amount of $10,000,000, and various term loans, all as more
fully described in the Loan Agreement.
B. The Borrowers have requested that NBD increase the amount of the line of credit to Borrower and make
certain revisions to the financial covenants in the Loan Agreement and NBD has agreed that it will make such
changes pursuant to the terms and conditions of a Third Amendment to Revolving Credit and Loan Agreement
dated the date hereof ("Third Amendment").
C. It is a condition precedent to NBD to enter into the Third Amendment that Debtor execute and deliver this
Agreement to NBD.
THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Debtor hereby agrees with NBD as follows:
1. Defined Terms. In addition to those terms defined elsewhere in this Agreement, terms defined in the Loan
Agreement shall have their defined meanings when used herein (unless otherwise defined herein) and the following
terms shall have the following meanings, unless the context otherwise requires:
"Account