NeoMedia Technologies, Inc.
Exhibit 10.45
Agreement for Sale of Assets Between Basic Developments, Inc.,
a Panama Company, and Meja Sistemas C. A., a Guatemala Company,
and NeoMedia Technologies, Inc. Dated February 12, 1997
AGREEMENT FOR THE SALE OF ASSETS
THIS AGREEMENT is executed as of February 12, 1997, by and among BASIC
DEVELOPMENTS, INC., a Panama company and Meja Sistemas C.A., a Guatemala company
(collectively the "Company") and NEOMEDIA MIGRATION, INC., a Delaware
corporation ("Purchaser").
CIRCUMSTANCES
A. The Company develops, licenses and distributes computer software for the
migration of software known as the migration tools (the "Software Tools").
B. Purchaser desires to acquire all of the assets of the business from the
Company which relates to the Software Tools.
THEREFORE, in consideration of the mutual agreements, covenants and
provisions contained herein, Purchaser and the Company hereby mutually agree to
the terms and conditions which follow.
ARTICLE I
SALE OF ASSETS
1.1 ASSETS. Subject to the terms and conditions of this Agreement,
Purchaser hereby agrees to purchase from the Company, and the Company hereby
agrees to sell, assign, transfer, convey and deliver to Purchaser, all right,
title and interest in and to the Software Tools and all assets used or useful in
connection with the Software Tools, free and clear of all liens, claims,
security interests and encumbrances whatsoever of third parties, including, but
not
limited to, the following: (a) all of the Company's intangible rights and
properties which are used in or related to the Software Tools, including, but
not limited to, all trademarks and service marks, trademark and service xxxx
registrations and trademark and service xxxx applications, trade names, assumed
names, service names, copyrights, copyright registrations, patents and patent
applications, patent, copyright and trademark licenses, franchises and all other
licenses and trade secrets (collectively "Intellectual Property"), including,
but not limited to the Intellectual Property set forth in Schedule 1.1(a); (b)
computer programs and software, including but not limited to software routines,
tools, source code, build procedures, and scripts, and related documentation,
inventions, discoveries and improvements, shop rights and know-how owned or used
by the Company as part of the Software Tools and all licenses or agreement with
respect to Intellectual Property, computer programs or software which are part
of the Software Tools, including, but not limited to the software set forth on
Schedule 1.1(b); (c) all of good will, sales leads, prospects lists, mailing
lists, advertising and promotional material of the Company used in connection
with the sale, licensing or other distribution or maintenance of the Software
Tools, and administrative and accounting information with respect to Assumed
Contracts, as defined in Section 1.2 and books and records with respect to any
of the Software Tools; and (d) all of the Equipment set forth in Schedule
1.1(d). The assets to be conveyed hereunder are referred to collectively as the
"Assets."
1.2 ASSUMED CONTRACTS. The Company shall assign and Purchaser shall assume
all right, title and interest in and to and all obligations under those certain
contracts and agreements (the "Assumed Contracts") listed on Schedule 1.2,
including, but not limited to the work in process in connection with the
Software Tools (the "Work in Process"). Purchaser shall assume
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all Work in Process of the Company as of the Closing Date. Purchaser does not
assume or undertake any obligations or liabilities of the Company except as
listed on Schedule 1.2.
1.3 SALE AND EFFECTIVE Date. The sale of the Assets and the other
transactions referred to in this Agreement are collectively referred to as the
Sale. The Effective Date of the Sale shall be as of January 1, 1997, regardless
of the date of this Agreement.
ARTICLE II
CLOSING
2.1 CLOSING PROCEDURES. Simultaneously with the execution of this
Agreement, the parties shall close the Sale (the "Closing"). To close the Sale,
the parties will execute, deliver and exchange the bills of sale, assignment and
assumption agreements, certificates and other documents necessary in the
reasonable opinion of counsel for each party to transfer the Assets from the
Company to Purchaser (the "Closing Documents"). The date of the Closing is
referred to herein as the "Closing Date". As soon as possible, but in any event
prior to the first anniversary of the Closing Date, the Company shall register
the Software Tools and Intellectual Property in Panama or Guatemala or both
countries, as required, and transfer such registrations and the Assets, in
accordance with the laws of Panama, Guatemala or both countries, as required, to
the Purchaser, to the satisfaction of Purchaser and its counsel.
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ARTICLE III
PURCHASE PRICE
3.1 PURCHASE PRICE. Purchaser shall pay to the Company, as consideration
for the purchase of the Assets, the purchase prices as provided below
(collectively the "Purchase Price"). The parties have agreed that the Purchase
Price for the Equipment payable to the Company is SEVENTEEN THOUSAND AND N0/100
U.S. DOLLARS ($17,000.00). The Purchase Price for the remaining Assets shall be
TWO HUNDRED TWENTY THOUSAND AND N0/100 U.S. DOLLARS ($220,000.00)
3.1.1 The Company acknowledges that the Purchaser has paid to the
Company the amount of SEVENTEEN THOUSAND AND NO/1OO U.S. DOLLARS as the
Purchase Price for the Equipment.
3.1.2 The Purchase Price for the remaining Assets shall be paid as
follows:
3.1.2.1 One Hundred Twenty Thousand and No/100 U.S. Dollars
($120,000) at the date on which this Agreement and all Closing
Documents have been signed and delivered by all necessary parties (the
"Closing Payment"); and
3.1.2.2 One Hundred Thousand and No/100 U.S. Dollars on the first
anniversary of the date of the Closing Payment; provided however that
this payment shall be conditioned upon and shall not be due and payable
until the Software Tools and Intellectual Property is registered and
the registrations transferred to Purchaser, to the satisfaction of
Purchaser and its counsel.
The Purchase Price shall include all taxes due on the sale of the Assets,
including, but not limited to VAT taxes.
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ARTICLE IV
COVENANTS, REPRESENTATIONS AND
WARRANTIES OF COMPANY
As of the Closing Date the Company shall make the following covenants,
representations and warranties to Purchaser:
4.1 LEGAL STATUS. Basic Developments, Inc. is a corporation duly
organized, validly existing and in good standing under the laws of Panama and
qualified or registered to do business in Guatemala. Meja Sistemas \C.A. is a
company duly organized, validly existing and in good standing under the laws of
Guatemala. The Company has the corporate power to own and lease its property and
to carry on its business as and where such property is now owned or leased or
such business is conducted. Meja Sistemas C.A. is the only subsidiary of Basic
Developments, Inc. and Meja Sistemas C.A. has no subsidiaries nor will any be in
existence on the Closing Date. Basic Developments, Inc. is the sole stockholder
of Meja Sistemas C.A. and Xxxxx Xxxxxxxx is the sole stockholder of Basic
Developments, Inc.
4.2 AUTHORIZATION, ETC. The Company has full corporate power and authority
to enter into this Agreement and to perform its obligations hereunder. The Board
of Directors and shareholders of the Company have taken all actions required by
law, the Company's charter documents, its By-Laws or otherwise to authorize the
execution and delivery of this Agreement and the consummation of the Sale. This
Agreement has been duly and validly executed and delivered by the Company and
constitutes a valid and binding agreement of the Company.
4.3 NO VIOLATION OF STATUTE OR CONTRACT. Except as set forth on Schedule
4.3, neither the execution and delivery of this Agreement, nor the Sale will (i)
conflict with or result in a
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breach or violation of any of the terms, conditions or provisions of, or
constitute a default under, (A) the Articles of Incorporation or By-Laws of the
Company, or (B) any statute, code, ordinance, rule, regulation, judgment, order,
writ, decree or injunction applicable to the Software Tools, or any of its
properties, assets, licenses or permits, or (ii) violate, conflict with, result
in a breach of any provisions of, constitute a default under, result in the
termination of, required consent under, accelerate the performance required by,
or result in the creation of any lien, security interest, charge or other
encumbrance upon any of the Assets under any of the terms, conditions or
provisions of any license, lease, agreement or other instrument or obligation to
which the Company is a party, or by which the Assets, Assumed Contracts or Work
in Process may be bound or affected.
4.4 DEPOSITS. Schedule 4.4 sets forth a description of the deposits made by
the Company or which the Company is holding as of the Closing Date which will be
assigned to Purchaser, together with a description of the nature of such
deposits.
4.5 TITLE TO ASSETS. The Company has good and marketable title to all of
the Assets, including, but not limited to the Intellectual Property and Software
Tools owned by the Company, free and clear of restrictions on or conditions to
transfer or assignment, and free and clear of mortgages, liens, pledges,
charges, encumbrances, equities, claims, easements, rights of way, covenants,
conditions, or restrictions, except as disclosed in this Agreement and the
Schedules. Upon execution and delivery of the Closing Documents, the Company
will effectively transfer good and marketable title to all of the Assets to
Purchaser.
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4.6 INTELLECTUAL PROPERTY.
4.6.1 DESCRIPTION. Schedule 4.6 sets forth a complete description of all
trademarks and service marks, trademark and service xxxx registrations and
trademark and service xxxx applications, trade names, assumed names, service
names, copyrights, copyright registrations, patents and patent applications,
patent, copyright and trademark licenses, franchises and all other licenses,
trade secrets, computer programs and software, source code, build procedures,
algorithms, and related documentation, inventions, discoveries and improvements,
shop rights and know-how owned or used by the Company in the conduct of its
business (collectively "Intellectual Property" which includes the "Software
Tools"). Except as noted on Schedule 4.6, the Company owns, or is licensed or
otherwise has the exclusive right to use, all Intellectual Property used in or
necessary for the conduct of its business as currently conducted.
4.6.2 NO INFRINGEMENT BY THE COMPANY. Except as set forth in Schedule 4.6,
no claim has been asserted by any person with respect to the ownership, use,
transfer, license or other disposition of any Intellectual Property or
challenging or questioning the validity or effectiveness of any license or
agreement with respect thereto, and the Company does not know of any valid basis
for any such claim; and to the best of the Company's knowledge after reasonable
inquiry, the use of Intellectual Property by the Company, the development, use,
license or distribution of any software program or process, tool, aid or
routines by the Company does not and after the Closing Date is not reasonably
expected to, infringe on the rights of any person, if used, distributed,
licensed or sold in the same manner as used by the Company prior to the Closing
Date.
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4.6.3 NO INFRINGEMENT BY OTHER PARTIES. No third party is known or
believed by the Company to be infringing on any Intellectual Property.
4.6.4 PROCEDURES FOR COPYRIGHT PROTECTION. Schedule 4.6 sets forth the form
and placement of the proprietary legends and copyright notices displayed in or
on the Software Tools. To the best of the Company's knowledge, in no instance
has the eligibility of the Software Tools for protection under applicable
copyright law been forfeited to the public domain by omission of any required
notice or any other action.
4.6.5 PROCEDURES FOR TRADE SECRET PROTECTION. The Company has instituted
and followed certain safeguards to protect its trade secrets. Insofar as the
Company knows, there has been no material violation of such safeguards by any
person or entity. The source code and system documentation relating to the
Software Tools:
4.6.5.1 have at all times been maintained in confidence and
4.6.5.2 have been disclosed by the Company only to employees and
consultants having "a need to know" the contents thereof in connection with
the performance of their duties to the Company.
4.6.6 PERSONNEL AGREEMENTS. All personnel, including employees, agents,
consultants, and contractors, who have contributed to or participated in the
conception and development of the Software Tools, related technical
documentation (the "Technical Documentation"), or Intellectual Property on
behalf of the Company either
4.6.6.1 have been party to a "work-for-hire" arrangement or agreement
with the Company, in accordance with applicable federal and state law,
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that has accorded the Company full, effective, exclusive, and original
ownership of all tangible and intangible property thereby arising, or
4.6.6.2 have executed appropriate instruments of assignment in favor
of the Company as assignee that have conveyed to the Company full,
effective, and exclusive ownership of all tangible and intangible property
thereby arising.
4.6.7 ADEQUACY OF TECHNICAL DOCUMENTATION. The Technical Documentation for
the Software Tools includes the source code, system documentation, statements of
principles of operation, and schematics for all Software Tools, as well as any
pertinent commentary or explanation that may be necessary to render such
materials understandable and usable by a trained computer programmer. The
Technical Documentation also includes any program (including compilers),
"workbenches," tools, and higher level (or "proprietary") language necessary
for the development, maintenance, and implementation of the Software Tools.
4.6.8 THIRD-PARTY COMPONENTS IN SOFTWARE PRODUCTS. Schedule 4.6 sets forth
and identifies any Software Tools, Technical Documentation or other Intellectual
Property which is licensed by Company ("Licensed Material"). The Company has
validly and effectively obtained the right and license to use, copy, modify, and
distribute any Licensed Material.
4.6.9 THIRD-PARTY INTERESTS OR MARKETING RIGHTS IN SOFTWARE. The Company
has not granted, transferred, or assigned any right or interest in the Software
Tools, the Technical Documentation or the Intellectual Property to any person or
entity, except
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pursuant to the agreements listed in Schedule 1.2. Except as set forth in
Schedule 1.2, all such agreements constitute only end-user agreements, each
of which grants the end-user thereunder solely the nonexclusive right and
license to use one or more identified Software Tools and related user
documentation, for internal purposes only, on a single central processing
unit (CPU), on a single network or under the terms of a site license. There
are no contracts, agreements, licenses, and other commitments and
arrangements in effect with respect to the marketing, distribution,
licensing, or promotion of the Software Tools, the Technical Documentation
or the Intellectual Property by any independent salesperson, distributor,
sublicensor, or other remarketer or sales organization.
4.7 MATERIAL CONTRACTS. The Assumed Contracts include any contracts,
commitments, agreement, licenses or arrangements necessary for the distribution
of the Software Tools and the operation of the Company's business in connection
with the Software Tools. Purchaser shall have no obligation or liability under
or assume any responsibility, by operation of law or otherwise, for any
agreement other than the Assumed Contracts.
4.8 CLAIMS AND LITIGATION. There is no litigation, proceeding, demand,
action or claim either pending or, to the best knowledge of the Company,
threatened now or at any time in the last five (5) years against the Company
before any court or governmental or other regulatory or administrative agency or
commission, with respect to the Software Tools or the ownership of or right to
use, copy, develop, modify or distribute the Software Tools.
4.9 FULL DISCLOSURE. No representation, warranty or covenant in this
Agreement, nor any statements, financial statements, certificates, schedules or
exhibits furnished to Purchaser
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pursuant hereto, or in connection with the Sale, contains any untrue statement
of a material fact, or omits to state a material fact necessary to make the
statements contained therein in the light of the circumstances under which they
were or are to be made, not misleading. The Company does not have any
information which leads it to believe that there is any impending material
adverse change in the business of the Company.
ARTICLE V
COVENANTS, REPRESENTATIONS AND
WARRANTIES OF PURCHASER
As of the Closing Date, Purchaser shall make the following covenants,
representations and warranties to the Company:
5.1 LEGAL STATUS. Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware. Purchaser
has the corporate power to own and lease its property and to carry on its
business as and where such property is now owned or leased or such business is
conducted on the Closing Date hereof.
5.2 AUTHORIZATION, ETC. Purchaser has full corporate power and authority to
enter into this Agreement and to perform its obligations hereunder. The Board of
Directors of Purchaser has taken all actions required by law, its Articles of
Incorporation, its By-Laws or otherwise to be taken by it to authorize the
execution and delivery of this Agreement and the consummation of the Sale and,
no other corporate proceedings on the part of Purchaser are necessary to
authorize this Agreement and the Sale. This Agreement has been duly and validly
executed and delivered by Purchaser and constitutes a valid and binding
agreement of each of Purchaser.
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ARTICLE VI
CONDITIONS PRECEDENT TO PURCHASER'S
OBLIGATION TO CLOSE
The obligation of Purchaser to consummate the Sale is subject to the
satisfaction, or waiver in writing by Purchaser, on or prior to the Closing
Date, of each of the following conditions:
6.1 CORPORATE ACTION. All corporate and other actions necessary to
authorize this Agreement and to consummate the Sale shall have been duly taken
on or prior to the Closing Date.
6.2 REPRESENTATIONS AND WARRANTIES. The representations and warranties of
the Company shall be true and correct in all material respects on and as of the
Closing Date with the same effect as though all such representations and
warranties had been made as of such date.
6.3 PERFORMANCE OF OBLIGATIONS. Each and all of the covenants and
agreements of the Company to be performed or complied with pursuant to this
Agreement shall have been duly performed and complied with in all material
respects. All Closing Documents in proper form for the transfer of the Assets
have been executed and delivered by the Company to Purchaser.
6.4 BULK SALE. The Company shall have complied with all applicable
provisions of any bulk sale or comparable laws or regulations of Panama or
Guatemala and any laws in connection with taxes.
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ARTICLE VII
CONDITIONS PRECEDENT TO THE COMPANY'S
OBLIGATION TO CLOSE
The obligations of the Company to consummate this Agreement as provided
hereunder are subject to the satisfaction, or waiver in writing by the Company,
on or prior to the Closing Date, of each of the following conditions:
7.1 CORPORATE ACTION. All corporate and other actions necessary to
authorize the consummation of the Sale by Purchaser shall have been duly taken
prior to the Closing Date.
7.2 REPRESENTATIONS AND WARRANTIES. The representations and warranties of
Purchaser set forth in this Agreement shall be true and correct in all material
respects on and as of the Closing Date with the same effect as though all such
representations and warranties had been made as of such date.
7.3 PERFORMANCE OF OBLIGATIONS. Each and all of the covenants and
agreements of Purchaser to be performed or complied with pursuant to this
Agreement shall have been duly performed and complied with in all material
respects or duly waived by the Company.
ARTICLE VIII
OPERATION OF THE COMPANY
During the period from May 1, 1996 to the Closing Date, except as otherwise
disclosed to Purchaser in writing, the Company represents and warrants that it
has carried on its business in, and only in, the usual, regular and ordinary
course in substantially the same manner as previously conducted and, to the
extent consistent with such business, has used all reasonable
13
efforts to preserve intact its present business organization, keep available the
services of its present officers and employees, and preserve its relationships
with customers, suppliers and others having business dealings with it to the end
that its goodwill and ongoing business shall be unimpaired in all material
respects at the Closing Date. The Company has not sold, assigned, transferred,
licensed or otherwise disposed of any Intellectual Property.
ARTICLE IX
POST-CLOSING COVENANTS OF THE COMPANY
9.1 NONCOMPETITION AGREEMENT. For a period of three years from the Closing
Date, neither the Company nor its shareholders shall own directly or indirectly
any interest in, or shall be a director, officer or employee of, any
corporation, partnership, firm, association or business organization (other than
any entity the equity securities of which are listed on a national securities
exchange or quoted in the National Association of Securities Dealers Automated
Quotation System where less than 1% of the voting power of any such entity is
owned by any of such persons directly or indirectly) which develops, distributes
or licenses computer software or other computer products or is a competitor,
potential competitor, supplier or customer of the business of the Company with
respect to Software Tools.
ARTICLE X
SURVIVAL OF REPRESENTATIONS AND WARRANTIES
All representations and warranties made by the parties hereto as to any
fact or condition existing on or before the Closing Date of this Agreement, in
any Schedule hereto, or in any
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certificate delivered pursuant hereto, shall survive the closing of the Sale and
remain in fall force and effect for the period of twenty-four (24) months
following the Closing Date.
ARTICLE XI
INDEMNIFICATION
11.1 THE COMPANY INDEMNIFICATION. The Company and all shareholders of
the Company will indemnify and hold Purchaser and the shareholders of Purchaser
harmless from and against all Losses, as hereinafter defined, arising out of or
resulting from the following:
11.1.1 Any misrepresentation or breach of any warranty or covenant
or the failure of any representation or warranty of the Company contained
herein, in any Schedule hereto or in any statement, certificate or other
document delivered pursuant hereto;
11.1.2 Any material lialbilities or obligations of any kind or
nature whatsoever, whether accrued, absolute, contingent, or otherwise,
known or unknown, arising out of or in connection with the conduct of the
Company's business or the ownership, use, license, distribution or
modification of the Software Tools or the ownership or use of any of the
Assets prior to the Closing Date or arising with respect to any actions or
failure to act of the Company prior to the Closing Date.
For purposes of this Article XI, Losses shall mean all damages, losses,
liabilities, costs, expenses, assessments, taxes, penalties, fines, claims,
demands, actions, suits and proceedings, including, but not limited to, any
losses or costs related to the violation of any law, and including, in each such
instance, the reasonable attorneys', accountants' and other professionals'
15
fees, costs and expenses of investigation and defense, and disbursements
incurred therewith, after offset by any related insurance proceeds or other
recovery, and with offset for any reduction of taxes realized on account of such
Losses.
11.2 PURCHASER INDEMNIFICATION. Purchaser will indemnify and hold the
Company harmless from and against all Losses arising out of or resulting from
any misrepresentation or breach of any warranty or covenant or the failure of
any representation or warranty of Purchaser contained herein, in any Schedule
hereto or in any statement, certificate or other document delivered pursuant
hereto after offset by any related insurance proceeds or other recovery, and
with offset for any reduction of taxes realized on account of such Losses.
11.3 NOTICE OF CLAIM. Promptly after service of notice of any written claim
or process on a party hereto by any third person in any matter in respect of
which indemnity may be sought from the other party hereto, the party so served
shall promptly notify the indemnifying party of the receipt thereof. The
indemnifying party shall have the right to participate in, or assume, at its own
expense, the defense of any such claim or process of settlement thereof. After
notice from the indemnifying party of its election so to assume the defense
thereof, the indemnified party shall not be liable to such indemnifying party
for any legal or other expense in connection with such defense. As long as the
indemnifying party is defending such claims diligently, the indemnified party
shall not settle, compromise or pay any claim without the consent of the
indemnifying party. Such defense shall be conducted expeditiously (but with due
regard for obtaining the most favorable outcome reasonably likely under the
circumstances, taking into account costs and expenditures) and the party to be
indemnified shall be advised of all significant developments. If the
indemnifying party shall fail to assume the defense of the indemnified
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party within a reasonable time (not to exceed 15 days after notice of a claim)
or to diligently conduct such defense thereafter, then the indemnified party
shall have the right to assume the defense, and compromise or settle the claim,
at the risk and expense of the indemnifying party.
11.4 OFFSETS. To the extent that the Company or shareholders of the Company
are liable to Purchaser for any Losses, Purchaser shall have the right to
set-off such amounts against the Purchase Price or any other amount owing to the
Company.
ARTICLE XII
MODIFICATION OR AMENDMENT
12.1 MODIFICATION. This Agreement may be amended, modified and supplemented
only by written agreement of the parties hereto.
ARTICLE XIII
CONFIDENTIALITY
Each party will treat as confidential any information concerning the other
party or this Sale that has been or is disclosed, together with all notes,
memoranda, analyses or other writings prepared using or referring to any
confidential information (the "Confidential Material"). To the extent practical,
Confidential Material shall be marked "Proprietary" or "Confidential". However,
each party acknowledges that it may obtain confidential information in oral
discussions, from inspections or otherwise that can not be marked as
"Proprietary" or "Confidential." The failure to xxxx any information as
"Proprietary" or "Confidential" shall not mean that the information is not
Confidential Material. Confidential Material will not include information which
(i) is generally available to the public; (ii) was known by a party on a
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nonconfidential basis at the time of disclosure; or (iv) was independently
developed by a party before receiving the Confidential Material and such party
has evidence of the development of the information. After the Closing Date,
Confidential Information will not include any information concerning the Company
delivered by the Company to the Purchaser.
ARTICLE XIV
MISCELLANEOUS
14.1 Any notice, request, consent, waiver or other communication required or
permitted to be given hereunder shall be effective only if in writing and shall
be deemed sufficiently given only if delivered in person or sent by telegram,
cable or by certified or registered mail, postage prepaid, return receipt
requested, addressed as follows:
If to the Company Meja Sistemas C.A.
Basic Developments, Inc.
00 Xxxxx 0-00 xxxx 00
Edificio Geminis 00
Xxxxx Xxxxx Xxxxxxx 0000
Xxxxxxxxx, C.A. 01010
If to Purchaser: NeoMedia Migration, Inc.
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xxxx Xxxxx, Xxxxxxx 00000
Attention: Xxxxx Xxxxxxxxx
Copy to: Xxxxxxxx X. Xxxxxxxxx
Xxxxxxxx & Xxxxxxx
19th Floor
000 Xxxxx Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
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or to such other person or address as either such party may have specified in a
notice duly given. Such notice or communication shall be deemed to have been
given as of the date so delivered, telegraphed, cabled, telefaxed or mailed.
14.2 Each of the parties hereto shall pay all costs incurred by it incident
to the preparation, execution and delivery of this Agreement and the performance
of its obligations hereunder, whether or not the Sale shall be consummated.
14.3 This Agreement shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and permitted assigns. This
Agreement may not be assigned by any party without the prior written consent of
all of the other parties.
14.4 This Agreement (including the Exhibits and Schedules) and constitute
the entire agreement and understanding of the parties relating to the subject
matter hereof and supersede all prior and contemporaneous agreements and
understandings, representations and warranties, whether oral or written,
relating to the subject matter hereof.
14.5 No delay or failure on the part of any party in exercising any rights
hereunder, and no partial or single exercise thereof, will constitute a waiver
of such rights or of any other rights hereunder.
14.6 This Agreement shall be construed and interpreted in accordance with
the laws of the State of Florida, United States of America.
14.7 The unenforceability or invalidity of any Article or Section or
provision of this Agreement shall not affect the enforceability or validity of
the balance of this Agreement.
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14.8 The headings of the Articles and Sections contained in this Agreement
are for reference purposes only and shall not in any way affect the meaning,
interpretation, enforceability or validity of this Agreement.
14.9 This Agreement may be executed in any number of counterparts, each of
which so executed will be deemed to be an original, but all of which together
will constitute one and the same agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first above written.
PURCHASER: COMPANY:
NEOMEDIA MIGRATION, INC. BASIC DEVELOPMENTS, INC.
a Delaware corporation a Panama company,
By: /s/ XXXXXXX X. XXXXX By: /s/ XXXXX XXXXXXXX
---------------------- -----------------------
SOLE SHAREHOLDER OF Meja Sistemas C.A.
BASIC DEVELOPMENTS, INC.: a Guatemala company
/s/ XXXXX XXXXXXXX By: /s/ XXXXX XXXXXXXX
------------------------- -----------------------
Xxxxx Xxxxxxxx
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SCHEDULE 1.l(a) AND (b)
ASSETS
INTELLECTUAL PROPERTY AND SOFTWARE TOOLS
The following constitutes the Assets described in Sections 1. 1 (a) and (b):
OWNED SOFTWARE:
Name: ABsolut for Informix
Description: Application Builder Solution for Informix 6.0
Name: ABsolut for Oracle
Description: Application Builder Solution for Oracle 7.0 & Forms 3.0
Name: Forms conversion for Oracle Forms 4.5
Description: Automatic Form converter from Forms 3.0 to Forms 4.5
Name: PACEport for Informix
Description: PACE application for Reverse Engineering PACE Meta Data into
ABsolut (ABsolut for Informix format)
Name: PACEport for Oracle
Description: PACE application for Reverse Engineering PACE Meta Data into
ABsolut (ABsolut for Oracle format)
Name: DB Analyze
Description: Cobol tool that does inventory of PACE Databases
Name: XXXX XX
Description: Comprehensive PACE application that performs consistency
check and detailed inventory information. Does additional
pre-conversion work.
LICENSED SOFTWARE:
NONE
TRADEMARKS AND TRADE NAMES:
PACEport
ABsolut
ABSone
Xxxxxx
DBANALYZE
XXXX XX
All names used in connection with the PACE and ABsolut software packages
SCHEDULE 1.l(d)
ASSETS
EQUIPMENT
The following constitutes the Assets described in Section 1.1(d):
PC 80486DX2, 4 Mb. RAM, Monitor VGA Color, 1 HD 326 Mb., Trackball mouse.
Floppies 5.25", 3.5".
PC 80486DX2, 16 Mb. RAM, Monitor XXX SVGA Color SN M340102369, 1 HD 503 Mb., 1
HD 162 Mb. Keyboard SN 950501800299, Xxxxx XX 0000000. PC 80486DX2, 12 Mb. RAM,
1 HD 503 Mb., Monitor XXX SVGA Color, Keyboard, Mouse, Floppy 3.5".
PC 486DX, 4 Mb. RAM, Monitor XXX VGA SN ODIA801314, Keyboard SN C950312319, 1 HD
137 Mb. Floppy 3.5".
WANG-PC 80286, 2 Mb. RAM, 1 HD 69 Mb., 1 HD 40 Mb., Monitor WANG VGA color XX
00000X, Xxxxxxxx XXXX XX X0000, Floppy 5.25".
TWC-PC 80386, 2 Mb. RAM, 1 HB 161 Mb., Monitor WANG VGA B/W SN V69916, Keyboard
WANG SN C3841, Floppy 3.5".
IBM RS-6000 SN MS70122627495
48 MB Main Memory
2 x 800 MB Drives
1 x 1.3 Gig Drive
WANG QIC Tape Xxxx 000 Xx. XX 00000X
WYSE Terminal SN 0lFl9C00730
WYSE Terminal SN 0lCl005314
WANG User Printer LDP8III SN Y52930
WANG VS 6 SN 82097E
4Mb Main Memory
2 x 145 MB hard drives
1 x 314 MB Hard drive
1 WANG HD Xxxx Xxxx XX XX0000
XXXX Xxxxxxxx XX 00000X
WANG Terminal SN 04177E
WANG Terminal SN 37419A
WANG QIC Tape XXXX 00 Xx. XX XX0000
WANG Printer Xxxxxx 000, XX 00000
Xxxxxxxx 1.2
Assumed Contracts
NONE
Schedule 4.3
Conflicts and Required Consents
NONE
Schedule 4.4
Deposits
NONE
Schedule 4.6
Intellectual Property and Software Tools
SOFTWARE:
Name: ABsolut for Informix
Description: Application Builder Solution for Informix 6.0
Name: ABsolut for Oracle
Description: Application Builder Solution for Oracle 7.0 & Forms 3.0
Name: Forms conversion for Oracle Forms 4.5
Description: Automatic Form converter from Forms 3.0 to Forms 4.5
Name: PACEport for Informix
Description: PACE application for Reverse Engineering PACE Meta Data into
ABsolut (ABsolut for Informix format)
Name: PACEport for Oracle
Description: PACE application for Reverse Engineering PACE Meta Data into
ABsolut (ABsolut for Oracle format)
Name: DB Analyze
Description: Cobol tool that does inventory of PACE Databases
Name: XXXX XX
Description: Comprehensive PACE application that performs consistency
check and detailed inventory information. Does additional
pre-conversion work.
KNOW-HOW
1. Knowledge regarding internal PACE Meta Data. Such knowledge includes the
internal structures that PACE uses, both for PACE Data Dictionary and PACE
Application Builder.
2. Knowledge regarding Oracle & Informix specific limitations and abilities.
Research & Development work required for the code generation and
replicating WANG specific functionality.
3. Knowledge regarding internal structures of ORACLE Forms 4.5 "fmt" files
required for converting and adjusting converted 3.0 forms into forms
version 4.5
Schedule 4.6
Intellectual Property and Software Tools
Continued
TRADEMARKS AND TRADE NAMES:
PACEport
ABsolut
ABSone
Xxxxxx
DBANALYZE
XXXX XX
All names used in connection with the PACE and ABsolut software packages
