NON-RECOURSE ASSIGNMENTNon-Recourse Assignment • May 18th, 2015 • Westport Energy Holdings Inc. • Industrial organic chemicals • Delaware
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, and for the consideration in the amount of $200,000 (the “Purchase Price”), YA Global Investments, L.P., a Cayman Islands exempt limited partnership (“YA Global” or “Assignor”) hereby sells, assigns, and transfers to Westport Energy LLC a Delaware limited liability company, (“Westport” or the “Assignee”), without recourse to the Assignee, that portion of the obligations (such portion, the “Assigned Debt”) set forth on Exhibit A and owed by NeoMedia Technologies, Inc. (the “Obligor”) pursuant to the Secured Convertible Debentures identified on Exhibit A issued by the Obligor to the Assignee in the original principal amounts identified on Exhibit A (the “Original Debentures”) effective as of June 1, 2013. The Original Debentures are part of certain financing arrangements by and between the Obligor and the Assignee (collectively, the “Financing Arrangements”).
