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Tuesday, April 03, 2007 2:28:31 PM
>> $780,865 of which is payable to Yorkville advisors,
>> $1,677,786 of which is payable to Cornell for monies previously owed.
NEOM, in exchange for a $5,000,000 capital infusion, pledged all of the company's current intellectual property, all future intellectual property, all rights to sue for infringement on said current and future intellectual property and all other assets held by the company.
Assuming $1 billion shares outstanding, at a value of $5 million (the price NEOM assigned to all of the company's assets) NEOM's "fair value", as represented by share price, is approximately $0.005 per share or about 90% less than where it is trading currently.
EXHIBIT 10.9 THIS SECURITY AGREEMENT (PATENT)
http://www.sec.gov/Archives/edgar/data/1022701/000114420407016721/v070332_ex10-9.htm
Grant of Security Interest. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, to secure the payment and performance of all of the Obligations of the Company, the Company [NEOMEDIA] does hereby mortgage, pledge and hypothecate to the Secured Party [CORNELL] and grant to the Secured Party a security interest in all of the following property (the “Patent Collateral”), now owned and existing:
all letters patent and applications for letters patent throughout the world, including all patent applications in preparation for filing anywhere in the world and including each patent and patent application referred to in Schedule “A” hereto;
all reissues, divisions, continuations, continuations-in-part, extensions, renewals and reexaminations of any of the items described in clause (a);
all patent licenses and other agreements providing the Company with the right to use any of the items of the type referred to in clauses (a) and (b), including each patent license referred to in Schedule “A” hereto;
the right to sue third parties for past, present or future infringements of any Patent Collateral described in clauses (a) and (b) and, to the extent applicable, clause (c); and
all proceeds of, and rights associated with, the foregoing, (including license royalties and proceeds of infringement suits), and all rights corresponding thereto throughout the world.
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