NEOMEDIA AND SCANBUY REACH SETTLEMENT AND LICENSE AGREEMENTSettlement and License Agreement • October 20th, 2009 • Neomedia Technologies Inc • Services-computer integrated systems design
ATLANTA/NEW YORK, October 20, 2009 – Today NeoMedia Technologies, Inc. (OTC BB: NEOM), and Scanbuy, Inc., leaders in mobile barcode technology, announced they have settled all pending litigation between the companies and have granted non-exclusive patent licenses to each other.
SETTLEMENT AND LICENSE AGREEMENTSettlement and License Agreement • October 20th, 2009 • Neomedia Technologies Inc • Services-computer integrated systems design • Georgia
This Settlement and License Agreement (“Agreement”), effective as of October 16, 2009 (“the Effective Date”), is entered into between NeoMedia Technologies, Inc., a Delaware corporation having a principal place of business at Two Concourse Parkway, Suite 500, Atlanta, GA 30328 (“NeoMedia”), and Scanbuy, Inc., a Delaware corporation having a principal place of business at 54 West 39th Street, New York, NY 10018 (“Scanbuy”) (together, “The Parties,” or individually, “Party”).
