ASSET PURCHASE AGREEMENT
Exhibit
10.1
This
Asset Purchase Agreement (the “Agreement”) is made this the 15th
day of
February, 2007 as a revision to Membership Purchase Agreement entered into
the
27th
day of
September, 2006, by and between Secured Financial Network, Inc., a Nevada
Corporation (Buyer) and Virtual Payment Solutions, LLC, a Nevada Limited
Liability Corporation (Seller).
Whereas,
Seller desires to sell and buyer desires to purchase certain assets for the
consideration as set forth, the parties to this Agreement hereby agree as
follows:
1.
|
Assets
to be purchased from Seller are the
following:
|
a.
|
Name
only “Virtual
Payment Solutions”
|
b.
|
Domain
names: Virtual
Payment Xxxxxxxxx.xxx and
.net
|
c.
|
Envoii
Deployment License Agreement as attached in Exhibit
I
|
2.
|
Purchase
Price
|
Upon
the
terms and conditions set forth in this Agreement and upon the representations
and warranties of the Sellers right to sell assets listed above, the purchase
price for said assets will be $385,000.
3.
|
Payment
of Purchase Price
|
It
is
agreed that the payment for purchase of assets listed have been paid in full
via
wire transfer of funds to Seller October 31, 2006. It is agreed that payment
shall also include a $15,000 first year maintenance fee as outlined in Exhibit
“B” of Envoii License Agreement.
This
Agreement, together with the Exhibits attached hereby constitutes the final
written expression of all of the Agreements between the parties and is the
complete and exclusive statement of the terms. This Agreement supercedes
any
prior Agreements and understandings between the parties and is the exclusive
statement of those terms.
4.
|
In
witness whereof, the parties have executed this Agreement and caused the
same to
be delivered on their behalf on the day and year first above
written.
SELLER:
Virtual
Payment Solutions, LLC
By:
Xxxxx Xxxxx
Xxxxx
Xxxxx, Managing Director
BUYER:
Secured
Financial Network, Inc
By:
Xxxxxxx Xxxxxxx
Xxxxxxx
Xxxxxxx,
Pres./CEO
1
EXHIBIT
I
ENVOII
DEPLOYMENT LICENSE AGREEMENT
This
Agreement is entered into as of November 1, 2006 (the “Effective Date”) between
Envoii Technologies LLC (“Envoii”), a Nevada limited liability company, and
Virtual Payments Solutions, LLC, (“Licensee”), a Nevada limited liability
company.
1. |
DEFINITIONS.
|
As
used
herein:
1.1
|
“Customer”
means a business entity which uses Licensee’s Payment
Solution.
|
1.2
|
“Deploy”
means provide access to the functionality of a Solution on the
Envoii
Engine.
|
1.3
|
“Envoii
Engine”
means Envoii's proprietary client-side computer software program,
which
may support tracking, and associated runtime files required to
enable and
playback Solutions.
|
1.4
|
“Solution”
means a client-side content object, component or application that
incorporates and complies with the Solution File
Format.
|
1.5
|
“Solution
File Format”
means Envoii's proprietary file format, specifications, and core
technology that are incorporated into and used by a Solution to
enable
playback on Envoii Engines, as more fully described in Exhibit
A.
|
1.6
|
“Users”
means association of a specific Solution with a unique Envoii Engine
ID.
|
1.7
|
“CardVoii
Patent”
means International Patent Application number PCT/US01/28150 filed
9/06/01
entitled Method and Paratus for a Portable Information Account
Access
Agent, as detailed in Exhibit
D.
|
1.8
|
“CardVoii
Solutions” are
Envoii Solutions based on the CardVoii
Patent.
|
1.9
|
“Payment
Solution”
means Licensee’s business of providing a hosted online payment solutions
exclusively that enables transactions between businesses and consumers,
employing CardVoii Solution(s) using any of Licensee’s backend
platform
|
1.10
|
“Bridge
Demo Solution” means the Envoii demo system using the Bridge E
wallet and is downloadable from the Envoii Site and Server. Licensee
may
with after submits it backend solution to change the name from
Bridge to
its current E wallet product.
|
1.11
|
“Operating
System” means the Bridge E wallet Demo system is operational
and
the Envoii Engine can be downloaded to Windows Users from the Envoii
Web
Site.
|
2
2. |
GRANT
OF LICENSE.
|
2.1
|
Exclusive
License Grant.
Envoii hereby grants to Licensee an exclusive and nontransferable
right to
(a) Deploy CardVoii Solutions that Licensee will Develop for its
Payment
Solution Business; and (b) make available to users of its Payment
Solution
Business, the Envoii Engine in English language version through:
(i)
downloading from Envoii’s website; (ii) distributing in a form of a medium
such as CD-ROM appended to any magazines; (iii) installation of
the Envoii
Engine in the appliances manufactured by Licensee's affiliated
companies.
Envoii
hereby reserves all rights to the CardVoii Patent, and any copyrights,
patents, or trademarks embodied therein, except for the rights
expressly
granted herein.
|
2.2
|
Quality
Assurance.
Envoii may in its discretion test each Solution, whether before
or after
Deployment, for compliance with this Agreement. Licensee shall
deliver to
Envoii all code and other materials essential for such tests, at
Envoii's
request. In the event that Solutions are found not to be in compliance
herewith, Licensee shall have 30 days to correct such Solutions.
In
case there are defects with the Envoii Engine or the Solution File
Format,
Envoii shall make every reasonable effort to repair such
defects.
|
2.3
|
Restrictions.
Licensee
shall not modify, translate, reverse compile or disassemble the
Solution
File Format. Licensee acknowledges that no copy of the source code
of the
Solution File Format will be provided to Licensee and Licensee
has no
right to develop, possess, or use the source
code.
|
3.
|
ENVOII
ENGINE. Envoii
will make available to Licensee the Envoii Engine (in English language
version). Licensee shall notify its internal users of such availability
and shall ensure that each Customer is responsible for notifying
its users
of the availability of the Envoii Engine. Unless otherwise set
forth in
2.1, Licensee shall not distribute, sell, lease, license or sublicense
the
Envoii Engine or any language extensions, or modify the Envoii
Engine in
any way.
|
4.
|
SERVICES.
Envoii shall provide to Licensee the maintenance and support services
set
forth in Exhibit
B,
on the terms and conditions therein.
|
5.
|
FEES.
|
5.1
|
CardVoii
Exclusivity Fees.
The Exclusivity Fee shall be $385,000, to be paid in full by November
1,
2006.
|
5.2
|
CardVoii
Royalties.
During the initial two year term of this contract and thereafter
so long
as the contract is renewed Licensee shall pay to Envoii Royalties
for
CardVoii Solutions based on transactions from the Payment Solution
(or
fees which Customers pay Licensee for the Payment Solution). The
Royalties
shall be $0.20 per transaction or 20% of the gross transaction
excluding
micropayment transations Licensee shall guarantee minimum Royalties
of
$50,000 for year two starting November 1, 2007 , $100,000 for year
three,
and $250,000 per year four thereafter to keep exclusive contract
for
payments.
|
5.3
|
Third
Party Deployment of Solutions.
Should a Third Party enter a negotiation with Envoii to deploy
a Payment
Solution, Licensee must approve of such transaction. Envoii shall
pay
Licensee 20% of CardVoii patent licensing revenues from any such
transaction as long as Licensee is still the exclusive licensee
the
developed payment Solution.
|
5.4
|
Payment
of Fees. Licensee
shall pay Envoii all licensing, development, royalty, maintenance
and
other fees in the US Dollars by wire transfer to the bank account
designated in writing by Envoii.
|
3
5.5 |
Taxes.
All charges and fees provided for in this Agreement are exclusive
of any
taxes, duties, or similar charges imposed by any government. Licensee
shall pay or reimburse Envoii for all federal, state, dominion,
provincial, or local sales, use, personal property, excise or other
taxes,
fees, or duties arising out of this Agreement or the transactions
contemplated by this Agreement (other than taxes on the net income
of
Envoii). Notwithstanding anything to the contrary set forth herein,
in the
event any withholding taxes or other similar taxes are required
to be paid
by Licensee on any amounts to be paid under this Agreement, Licensee
shall
deduct such withholding or similar taxes from the amounts agreed
in this
Agreement and pay Envoii the amount less the deducted tax. Licensee
shall
effect the payment of such tax to the appropriate tax authorities
of the
government and promptly send to Envoii an official tax certificate
or
other evidence issued by such authorities.
|
6.
|
MARKETING
AND PUBLICITY
|
6.1
|
Joint
Marketing.
As soon as practicable after the Effective Date, upon Envoii's
reasonable
request, Licensee shall use commercially reasonable efforts to
prepare for
and participate in public events specified by Envoii to announce
the
relationship between Envoii and Licensee established hereby and
to promote
public acceptance and use of the Envoii platform. Such public events
may
include without limitation trade shows, press and analyst meetings,
executive briefings, technology discussion panels, and interviews
with the
media.
|
6.2
|
Publicity.
Envoii may use Licensee's name in press releases, product brochures
and
financial reports indicating that Licensee is a customer of Envoii,
provided that Envoii gives Licensee prior reasonable notice of
its use. If
Envoii wishes to use a Customer's name in publicity and marketing
materials as a customer of the Envoii engine, Envoii shall give
Licensee a
prior reasonable notice of its use.
|
7.
|
REPORTS
AND AUDITS.
|
7.1
|
Reports.
Licensee shall maintain complete and accurate records and shall
report to
Envoii at the end of each calendar quarter identifying all Solutions
offered,
used internally, and delivered, the names and addresses for each
Customer,
the actual usage and transaction volume and value, and such other
information regarding its performance hereunder as Envoii may reasonably
request.
|
7.2
|
Audits.
Envoii
reserves the right to inspect and test Solutions Deployed by Licensee.
In
all cases, Envoii shall provide 14 days' written notice of such
inspections and tests. Each party shall bear its own costs in such
audits,
unless they uncover a 5% or greater underreporting of usage by
Licensee in
any quarter, in which case Licensee shall pay or reimburse Envoii's
reasonable cost therefore.
|
8. |
TRADEMARK
LICENSE.
|
8.1
|
License
Grant.
Envoii hereby grants to Licensee a worldwide, limited, nonexclusive,
nontransferable, royalty-free, revocable right to use Envoii trademarks,
designated by Envoii in Exhibit
D (the
“Marks”) solely for the promotion, marketing, and sale of Solutions, in
accordance with Envoii's Branding Requirements set forth in Exhibit
D,
as the same may be revised by mutual Agreement by the
parties.
|
8.2
|
Quality.
Licensee shall ensure that all Solutions satisfy the performance
and other
specifications set
forth in Exhibit
D.
Envoii may inspect such Solutions which use the Marks on the website,
to
ensure that such usage complies herewith. Each party shall bear
its own
costs in such inspections, unless they uncover material breaches
hereof by
Licensee, in which case Licensee shall pay or reimburse Envoii's
reasonable cost therefore.
|
4
8.3
|
Ownership
of Marks.
Envoii is the sole owner of the Marks and all goodwill associated
therewith. Licensee's use of the Marks inures solely to the benefit
of
Envoii. Licensee shall take no action inconsistent with Envoii's
rights in
the Marks. If at any time Licensee acquires any rights in, or
registrations or applications for, the Marks by operation of law
or
otherwise, it will immediately upon request by Envoii and at no
expense to
Envoii assign such rights, registrations, or applications to Envoii,
along
with any and all associated goodwill. Envoii may control any litigation
concerning the Marks.
|
9. |
ESCROW.
|
9.1 |
Source
Code Package Definition.
The term “Source Code Package” for the Solution File Format, Software,
Documentation or Envoii Engine
means:
|
(a) |
A
fully commented and documented copy of the source code for the
Solution
File Format, Software, Documentation or Envoii Engine as applicable;
and
|
(b) |
A
complete copy of all explanations, flow charts, algorithms and
subroutine
descriptions, memory and overlay maps and any other documentation
of the
source code described above.
|
9.2 |
Delivery
of Source Code Package.
,
Envoii shall deliver the Source Code Package to its escrow
agent.
|
9.3 |
Delivery
of New Source Code into Escrow.
When and if, from time to time Envoii provides Licensee with any
modifications, improvements, or any release, revision or upgrade
version
of the Solution Format File, Software, Documentation or the Envoii
Engine
(collectively, “New Source Code”), Envoii shall within 10 business days
thereafter deposit with the Escrow Agent a Source Code Package
for such
New Source Code and give Licensee notice of such
delivery.
|
9.4 |
Escrow
Agent and Fees. It
is anticipated that Xxxxxxx Xxxxxx, LLP, a Dallas-based law firm,
shall
serve as Escrow Agent at Licensee’s expense.
|
9.5 |
Release
Events for Source Code Escrow Package.
The Source Code Escrow Package(s) may be released from the Escrow
Agent to
Licensee only if Envoii ceases doing business by virtue of its
becoming
insolvent, party to any bankruptcy under Chapter 7 of the Bankruptcy
Code,
or party to receivership proceedings that are not dismissed within
ninety
(90) days of the filing thereof (“Escrow Release
Events”).
|
9.6 |
Release
Event Procedures.
If
Licensee desires to obtain any Source Code Escrow Package from
the Escrow
Agent upon the occurrence of one or more of the Escrow Release
Events,
then Licensee shall comply with the procedures set forth in
the Escrow
Agreement to document the occurrence of the one or more of
the Escrow
Release Events.
|
10. |
WARRANTY
AND LIMITATION OF
LIABILITY.
|
10.1 |
Limited
Warranty.
Envoii warrants that the Solution File Format will perform in substantial
accordance with Envoii's published documentation when used in according
with this Agreement for a period of one hundred and twenty (120)
days. If
during this time the Solution File Format does not perform as warranted,
Envoii shall make every reasonable effort to correct or replace
the
Solution File Format. The
foregoing remedies are Licensee's sole and exclusive remedies,
and
Envoii's sole and exclusive duties, for ANY breach of THIS
warranty.
|
5
10.2 |
Warranty
Disclaimer.
Except
as set forth above, Envoii hereby disclaims all warranties, whether
express, implied, or statutory regarding or relating to the Solution
File
Format, or any materials or services furnished or provided to Licensee
under this Agreement, INCLUDING WITHOUT LIMITATION THE IMPLIED
WARRANTIES
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT
WITH RESPECT TO THE SOLUTION FILE FORMAT AND SAID OTHER MATERIALS
AND
SERVICES, AND WITH RESPECT TO LICENSEE'S USE OF ANY OF THE
FOREGOING.
|
10.3 |
Limitation
of Liability.
IN
NO EVENT WILL ENVOII BE LIABLE FOR ANY LOSS OF PROFITS, LOSS OF
USE,
BUSINESS INTERRUPTION, LOSS OF DATA, COST OF COVER OR INDIRECT,
SPECIAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND IN CONNECTION WITH
OR
ARISING OUT OF THE FURNISHING, PERFORMANCE OR USE OF THE SOLUTION
FILE
FORMAT OR SERVICES PERFORMED HEREUNDER, EVEN IF ENVOII HAS BEEN
ADVISED OF
THE POSSIBILITY OF SUCH DAMAGES. ENVOII'S LIABILITY UNDER THIS
AGREEMENT
FOR DAMAGES WILL NOT, IN ANY EVENT, EXCEED THE LICENSE FEE PAID
BY
LICENSEE TO ENVOII UNDER THIS
AGREEMENT.
|
11. |
INDEMNIFICATION
FOR INFRINGEMENT.
|
11.1
|
Indemnity.
Envoii shall, at its expense, defend or settle any claim, action
or
allegation brought against Licensee that the Solution File Format
infringes any copyright or trade secret of any third party and
shall pay
any final judgments awarded or settlements entered into, provided
that
Licensee gives prompt written notice to Envoii of any such claim,
action
or allegation of infringement and gives Envoii the authority to
and
exclusive right to defend any such claim, action or allegation
and make
settlements thereof at its own discretion, and Licensee may not
settle or
compromise such claim, action or allegation, except with prior
written
consent of Envoii. Licensee shall give such assistance and information
as
Envoii may reasonably require to settle or oppose such
claims.
|
11.2
|
Options.
In
the event any such infringement, claim, action or allegation is
brought or
threatened, Envoii may, at its sole option and expense: (a) procure
for
Licensee the right to continue use of the Solution File Format
including
allegedly infringing part thereof; (b) modify or amend the Solution
File
Format or infringing part thereof, or replace Solution File Format
or
infringing part thereof with other technology having substantially
the
same or better capabilities; or (c) if (a) and (b) are commercially
unfeasible, Envoii may terminate this Agreement and refund to Licensee
any
fees and royalties paid by Licensee hereunder.
|
11.3
|
Exclusions.
The foregoing obligations will not apply to the extent the infringement
arises as a result of modifications to the Solution File Format
made by
any party other than Envoii or Envoii's authorized representative,
or uses
not permitted hereunder.
|
11.4
|
Limitation.
This Section states the entire liability of Envoii with respect
to
infringement of any patent, copyright, trade secret or other proprietary
right.
|
11.5
|
Licensee's
Duty. Licensee
shall defend, indemnify and hold Envoii harmless against all claims
arising from Licensee's marketing, delivery, or Deployment of Solutions
or
related services, using the Envoii
Technology..
|
6
12. |
PROPRIETARY
RIGHTS.
|
12.1.1 |
Ownership.
Licensee acknowledges that Envoii owns all intellectual property
rights,
including without limitation copyrights, patents, trademarks and
trade
secrets, in the Solution File Format, as well as any improvements
to and
derivations of said Solution File Format, whether created by Envoii
or
Licensee. Licensee hereby assigns to Envoii all improvements to
and
derivations of the Solution File Format created by License, whether
or not
authorized.
|
12.1.2
|
Restrictions.
Licensee
shall not modify, translate, reverse compile or disassemble the
Solution
File Format. Licensee acknowledges that no copy of the source code
of the
Solution File Format will be provided to Licensee and Licensee
has no
right to develop, possess, or use the source code except as may
otherwise
be provided herein.
|
13. |
CONFIDENTIALITY.
|
13.1 |
Confidential
Information.
By virtue of this Agreement, the parties may have access to information
that is confidential to one another (“Confidential
Information”).
A party's Confidential Information will include only such information
as
is clearly identified as confidential, and, in the case of providing
the
information in intangible form initially, the party providing the
information shall promptly reduce the information to tangible form
and
provide it to the other party. A party's Confidential Information
will not
include information that: (i) is or becomes generally known to the
public through no act or omission of the other party; (ii) was in the
other party's lawful possession prior to the disclosure; (iii) is
lawfully disclosed to the other party by a third-party without
restriction
on disclosure; or (iv) is independently developed by the other party
without use of or reference to the other party's Confidential Information.
|
13.2 |
Restrictions.
The parties will hold each other's Confidential Information in
confidence,
and will not make each other's Confidential Information available
in any
form to any third-party for any purpose except to the extent necessary
to
exercise its rights under this Agreement. Each party will limit
the
disclosure of Confidential Information to those of its employees
and
agents who have a need to know such Confidential Information and
who have
been made aware of the party's obligations under this Section,
and each
party will take all reasonable steps to ensure that Confidential
Information is not disclosed or distributed by its employees or
agents in
violation of the terms of this Agreement. Each party will use the
other
party's Confidential Information only for its own internal business
purposes.
|
13.3 |
Return
of Materials. Upon
the termination of this Agreement, each party shall deliver to
the other
party all of such other party's Confidential Information that such
party
may have in its possession or
control.
|
14. |
TERM
AND TERMINATION.
|
14.1 |
Term.
This Agreement will continue for a term of 24 months from the Effective
Date, unless sooner terminated in accordance herewith. This Agreement
shall be automatically renewed for additional 12 months unless
either
party gives the other written notice of terminating this agreement
for any
reason within one month before the end of this Agreement.
|
14.2 |
Termination
by the parties.
The parties may, by written notice to the other party, terminate
this
Agreement if: (a) either party commits a material breach hereunder
which
by its nature is incurable; (b) either party is in material breach
of any
other term, condition or provision of this Agreement, which breach,
if
capable of being cured, is not cured within 30 days after giving such
party written notice of such breach; or (c) the parties terminates
or
suspends its business, becomes insolvent, admits in writing its
inability
to pay its debts as they mature, makes an assignment for the benefit
of
creditors, or becomes subject to direct control of a trustee, receiver
or
similar authority, or becomes subject to any bankruptcy or insolvency
proceeding under federal or state
statutes.
|
7
14.3 |
Survival.
All provisions which by their nature or express terms survive termination
or expiration of this Agreement, including without limitation obligations
regarding treatment of Confidential Information, provisions relating
to
the payment of amounts due, or provisions limiting or disclaiming
Envoii's
liability, will continue until fully
performed.
|
14.4 |
Effect
of Termination.
Immediately upon termination hereof, Licensee shall not Deploy,
distribute, sell, lease, license or sublicense any Solutions, but
the
sublicenses already granted to Customers as of such termination
may
continue until terminated in accordance with the terms of the sublicenses
therein.
|
15. |
MISCELLANEOUS.
|
15.1 |
Independent
Contractors.
Envoii is an independent contractor under this Agreement. Nothing
in this
Agreement creates a partnership, joint venture, or agency relationship
between the parties.
|
15.2 |
Law
and Venue.
Licensee acknowledges that Envoii is based in the State of California,
U.S.A. and requires uniformity and consistency in the laws under
which it
deals with all of its domestic and international Licensees. Accordingly,
this Agreement shall be governed and construed, and all arbitrations
hereunder shall be determined, in accordance with the laws of the
State of
California, without regard to its conflicts of laws rules. The
United
Nations Convention on Contracts for International Sale of Goods
shall not
apply to this Agreement.
|
15.3 |
Force
Majeure.
Neither party shall be responsible for any failure to perform due
to
causes beyond its reasonable
control.
|
15.4 |
Notice.
All notices, including notices of address change, required to be
sent
hereunder will be in writing and will be deemed to have been given
when
mailed by first-class mail, return receipt requested and supported
by fax
transmission to the address for the party after its signature
below.
|
15.5 |
Severability
and Waiver.
If any provision of this Agreement is held to be unenforceable,
such
provision will be enforced to the extent possible consistent with
the
stated intention of the parties, or, if incapable of such enforcement,
will be deemed to be severed from this Agreement, while the remainder
of
this Agreement will continue in effect. The waiver by either party
of any
breach of this Agreement will not constitute a waiver of any other
or
subsequent breach.
|
15.6 |
Assignment.
Each party may not assign, sell, transfer, delegate, or otherwise
dispose
of, whether voluntarily or involuntarily, by operation of law or
otherwise, this Agreement or any rights or obligations under this
Agreement without the prior written consent of the other party.
Any
purported assignment, transfer, or delegation by Licensee will
be null and
void.
|
15.7 |
Export.
Licensee will comply fully with all relevant export laws and regulations
of the United States.
|
15.8 |
Entire
Agreement.
This Agreement together with its exhibits constitutes the complete
agreement between the parties and supersedes all prior or contemporaneous
agreements or representations, written or oral, concerning the
subject
matter of this Agreement. This Agreement may not be modified or
amended
except in writing signed by a duly authorized representative of
each
party.
|
15.9 |
English
Language.
English is the authoritative text of this Agreement, and all
communications, arbitrations, and other adjudications hereunder
shall be
made and conducted in English.
|
8
15.10 |
Dispute
Resolution.
|
(a)
|
Except
as otherwise provided below, any controversy or claim arising out
of or
relating to this Agreement shall be submitted to final and binding
arbitration before, and in accordance with, the commercial rules
of the
International Chamber of Commerce (“ICC”). All arbitrators shall have
expertise in the subject matter of the dispute. Judgment upon any
arbitration award may be entered in any court having jurisdiction
thereof.
This provision is self-executing, and in the event that either
party fails
to appear at any properly noticed arbitration proceeding, an award
may be
entered against such party notwithstanding said failure to appear.
Such
arbitration shall be conducted at the ICC's facilities in San Francisco,
California, USA. This clause shall survive the termination of this
Agreement.
|
(b)
|
Notwithstanding
the foregoing: (1) any claim relating to the validity of any of
the
parties' intellectual property shall not be determined by arbitration,
but
only by a court located in San Francisco, California, U.S.A., to
whose
exclusive jurisdiction the parties hereby consent; and (2) either
party
may seek injunctive and other equitable relief in any court of
competent
jurisdiction.
|
ENVOII TECHNOLOGIES | LICENSEE | ||
By: /s/ Xxxxx X. Xxxxx | By: /s/ Xxxxxxx Xxxxxxx | ||
Name:Xxxxx
X. Xxxxx Title: President Address:2225 X. Xxxxxx Mill Road -Suite 305 |
Name:
Xxxxxxx Xxxxxxx
Title: Pres./CEO Address:
|
||
Xxxxxxxxx, Xxxxx 00000 |
9
EXHIBIT
A
Envoii
Solution File Format
1.
The
Envoii .nvx file format (uncompressed content).
2.
The
Envoii .nvz file format (compressed content).
3.
Envoii
class ID references (CLSID).
4.
Compressed
Envoii byte code resources.
5.
Envoii
.pth path format.
6.
Envoii
3D
data format.
7.
Use
of
Envoii communication protocols.
8. Use
of
Envoii global identifiers.
9.
All
other
Envoii proprietary formats which are defined in the Software
10
EXHIBIT
B
Envoii
Services
Licensee
technical support and Envoii engine maintenance
Licensee
will pay a maintenance fee of $15,000 per year beginning when the CardVoii
Solution is deployed. Technical support is for Licensee only and is offered
Monday through Friday, 9 a.m. to 5 p.m. Pacific Time. Envoii Engine maintenance
consists of free Envoii Engine upgrades,
which include only bug fixes and free Envoii Engine additions
and does not include any additional or new Envoii Engine services.
Licensee
Payment solutions Development:
Licensee
and Licensor shall work on a Project by project Basis to determine the
applications that Licensee will use under this License agreement. The timing
and
cost will be at a Cost plus 20% xxxx up for developing such solutions to
be paid
to Envoii Technologies
11
EXHIBIT
C
Envoii
Marks and Branding Requirements
1. Envoii
Marks
The
Trade Marks are the Triangle the bears the Envoii Trade Xxxx in
it.
2. Branding
Requirements
There
are certain generic operations and user interactions that are required
to
be implemented in all Solutions, regardless of the content creator:
|
·
|
Dragging
a Solution from place to place. A small “envoii” cursor text appears (this
may be replaced with something else in the
future);
|
·
|
Interacting
with a Solution on the desktop to minimize, maximize, destroy,
clone, or
stow it;
|
·
|
Interacting
with Solutions on the desktop tray;
and
|
·
|
Indicating
state of a Solution on mouse-over (i.e.“you
can drop a Solution on me,” “you can copy me,” “you can drag me to
desktop.”).
|
Envoii
may prescribe by written notice the appearance, design, colors, etc. of text,
icons, highlight techniques associated with these activities. The overall
objective is to develop a universal and consistent visual vocabulary associated
with Solutions.
12
EXHIBIT
D
Envoii
Pending Patents
Patent
Application Title
|
Patent
Application Serial #
|
App
filing date
|
Status
|
Reel/Frame
#
|
Method
and Apparatus for a Distributable Envoii Object
|
09/852,971
|
5/8/2001
|
Pending
|
012639/0315
|
Method
and Apparatus for Enabling a Portable Graphic Object
|
09/852,979
|
5/8/2001
|
Pending
|
012152/0362
|
Method
and Apparatus for a Distributable Object Architecture
|
09/852,963
|
5/8/2001
|
Pending
|
012440/0756
|
Method
and Apparatus for a Portable Information Account Access
Agent
|
PCT/US01/28150
|
9/6/2001
|
Pending
status expected May, 2003
|
No
assignment yet executed or recorded
|
Method
and Apparatus for a Distributable Globe Graphical Object
|
09/954,724
|
9/12/2001
|
Pending
|
012690/0924
|
13