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juliefema

01/01/11 4:33 AM

#222555 RE: Poptech #222473

Poptech: After reading some of the 8k regarding the Ebay license I get the feeling that they didn't want either parter to send a press release as it wasn't yet final. If that's in fact the case, we should see a major press release should they exercise their right to license the "SEARCH TECHNOLOGY".

What are your thoughts of this statement:

29. EBAY shall pay NEOMEDIA the Initial License Fee, the option fee if EBAY chooses to exercise its option to include the SEARCH TECHNOLOGY portfolio in the PATENT RIGHTS, and any extension fee(s) if EBAY chooses to exercise its option(s) to extend the term of the license provided for in this Agreement, in accordance with the provisions of Exhibit A. However, if EBAY fails to pay the Initial License Fee as and when provided in Exhibit A, then this Agreement shall be automatically void ab initio and of no further force and effect whatsoever, with the sole exception that the confidentiality provisions set forth in Paragraph 44-46 shall survive and remain in effect in accordance with their terms.




Am I right?

http://www.sec.gov/Archives/edgar/data/1022701/000114420410067691/v206271_ex10-1.htm