Document:

Exhibit 10.98

 

SETTLEMENT AGREEMENT AND RELEASE

 

This SETTLEMENT
AGREEMENT AND RELEASE (“Agreement”) is  executed
effective the date it is executed on behalf of the last party to sign it,
between VCampus Corporation (“ VCampus”) and The Board of Trustees of Park
University, doing business as Park University (“Park”) (collectively, the
“Parties”).

 

WHEREAS, Since 1995, VCampus and Park have been
parties to a series of contracts whereby VCampus has provided Park certain
technology and service to enable Park to provide distance learning
opportunities for students enrolled at Park;

 

WHEREAS, Park has indicated to VCampus that it does
not intend to renew its contract with VCampus and that except as otherwise
indicated in this Agreement, Park desires to end all existing relationships
with VCampus;

 

WHEREAS, VCampus and Park desire to resolve all issues
and claims regarding the termination of the contractual relationships between
the parties and to mutually release each other from all other claims, demands,
action, causes of action of all kinds amicably on the terms and conditions set
forth below;

 

NOW, THEREFORE, in consideration of the mutual covenants and
promises made in this Agreement, the receipt and sufficiency of which are
hereby acknowledged, the Parties agree as follows:

 

AGREEMENT

 

1.             Release of Claims by Park:   Except for those obligations expressly set
forth herein, Park hereby releases and forever discharges VCampus and its
agents, attorneys, successors, assigns, affiliates, parents, subsidiaries,
officers, directors, employees, owners, shareholders, and insurers from any and
all liability, claims, demands, obligations, causes of action, and damages of
any kind or nature whatsoever, whether known or unknown, anticipated or
unanticipated, suspected or unsuspected, past or present, arising out of or
relating in any way to the series of contractual agreements whereby VCampus has
provided Park the technology and service necessary for providing distance
learning opportunities for students enrolled at Park as culminated in the
Master Agreement between VCampus and Park (“Master Agreement”), together with
any and all other claims, demands, actions, and causes of action of any kind or
nature whatsoever, both known and unknown.

 

2.             Release of Claims by VCampus:  Except for those obligations expressly set
forth herein, VCampus hereby releases and forever discharges Park and its
agents, attorneys, successors, assigns, affiliates, parents, subsidiaries,
officers, directors, employees, and insurers from any and all liability,
claims, demands, obligations, causes of action, and damages of any kind or
nature whatsoever, whether known or unknown, anticipated or unanticipated,
suspected or unsuspected, past or present, arising out of or relating in any
way to the Master Agreement, together with any and all other claims, demands,
actions, and causes of action of any kind whatsoever, both known and unknown.

 

1

 

3.             Termination of Service:
VCampus will continue to provide the services to Park, as outlined in the
Master Agreement, until 1:01 a.m. EDT on May 10, 2004. Except as provided
expressly herein, all of the services provided by VCampus under the Master
Agreement and other related agreements will terminate as of 1.01 a.m. EDT on May
10, 2004 (“Termination Date”).

 

4.             Access for Bona Fide Grade
Appeals:   From June 7, 2004 at
12:01 p.m. EDT, until July 1, 2004 at 1:01 a.m. EDT, VCampus will allow Park to
have access to discussion postings for use only in resolving bona fide grade appeals.
Such access will be available through a single administrative account,

 

5.             Post Termination Date Services:
Except as provided expressly herein, VCampus will have no obligation to provide
any service of any kind to Park after the Termination Date.  The Parties expressly acknowledge and agree
that any service, support, advice, or consultation from VCampus employees, or
access to VCampus information or systems, after the Termination date (exclusive
of those set forth in Section 4), will be solely at the discretion of VCampus
and be provided at a price to be determined by the mutual agreement of the
parties.

 

6.             Development Fund Payments:
Park hereby waives any claim for any payments, past or future, to the
“Development Fund” as that term is defined in the Master Agreement, and hereby
discharges VCampus from the obligation of making any such payment including,
but not limited to, the Spring I Development Fund Payment of $186,150.00, and
the Spring II Development Fund Payment estimated to be $180,768.00.  The Parties agree that all monies currently
deposited in the Development Fund will remain the sole property of and paid to
Park. VCampus hereby waives any claim to any money previously deposited in the
Development Fund and not yet disbursed.

 

7.             Courseware Development Payments
and Royalties:    Park agrees to be
solely responsible for all further Courseware Development Payments or Royalties
(as each such term is defined in the Master Agreement) to Park instructors.
Park further agrees to defend, indemnify, and hold harmless, VCampus against
any claim, demand, action, cost, expense, loss, judgment, or liability,
relating to the payment of Courseware Development Payments or Royalties to Park
instructors.  Park hereby waives and
releases VCampus from all claims to recover the $121,500.00 Courseware
Development Payment previously paid by Park to VCampus but not distributed to
Park instructors.

 

8.             Final Payment For Services:
Park agrees to make final payment to VCampus for all services through the
Termination Date no later than May 18, 2004. 
Nothing in this Agreement is meant to reduce or otherwise alter the
amount of payment due to VCampus for services provided to Park through the
Termination Date.

 

9.             Binding Effect:   This Agreement shall be binding on and inure
to the benefit of the Parties, their successors, heirs, assigns, agents,
servants, attorneys, representatives, insurers, any trustees or conservators
appointed for or on behalf of the Parties, and as to business entities, their
parents, subsidiaries, affiliated and related companies, divisions, together
with their respective past, present, and future predecessors, successors,
assigns, officers, directors,

 

2

 

shareholders, agents,
attorneys, employees, insurers, and their respective heirs and legal
representatives.

 

10.           Effective Date:  This Agreement shall be effective upon
execution by the second party to sign.

 

11.           Enforcement:    All remedies at law or in equity shall be
available for the enforcement of this Agreement.  This Agreement may be pled as a full bar and defense to the
assertion of any claims arising from obligations under the Master Agreement
between the Parties.

 

12.           Applicable Law:  This Agreement shall be construed pursuant
to the law of the State of Missouri in effect on the date of its signing.

 

13.           Captions:    The captions used in this Agreement are
for clarification and are intended only to aid in the interpretation of the
Agreement. To the extent they conflict with any substantive provisions of this
Agreement, they shall be disregarded.

 

14.           Advice of Counsel:. The
Parties represent they each relied solely upon their own judgment and belief
and the advice and recommendations of their own counsel in entering into this
Agreement.

 

15.           Complete Agreement: It is
understood and agreed that this Agreement contains the entire agreement between
the Parties and that the terms and provisions of this Agreement are contractual
and not mere recitals.

 

16.           The persons who have executed this
Agreement on behalf of Park and VCampus represent and warrant that they have
full authority to bind their respective principals and that execution of this
Agreement has been duly authorized in accord with the articles of incorporation
and bylaws of their respective principals.

 

17.           This Agreement shall bind the parties
and their respective successors and assigns.

 

3

 

	
   

  	
  THE BOARD OF TRUSTEES OF
  PARK

  UNIVERSITY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Beverley Byers-Pevitts

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Beverley Byers-Pevitts

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
  President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
  May 3, 2004

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  VCAMPUS CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Christopher Nelson

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
  CHRISTOPHER NELSON

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
  CFO

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date:

  	
   

  	
  5/3/04

  	
   

  
										

 

4Exhibit 10.42

 

* Omitted and filed separately
with the SEC pursuant to a confidential treatment request

 

2nd AMENDMENT TO
ADVANCE PRODUCTION PAYMENT AGREEMENT

 

THIS 2nd AMENDMENT
TO THE ADVANCE PAYMENT AGREEMENT of March 17, 1997 (“this Amendment”), is entered
into this 25th day of March, 2004, by and among SEIKO EPSON
CORPORATION, a Japanese corporation having its principal place of business at
3-5, Owa 3-chome, Suwa-shi, Nagano-ken 392, Japan (“Epson”), EPSON ELECTRONICS
AMERICA, INCORPORATED (formerly known as S MOS Systems Inc.), a California
corporation, having a place of business at 150 River Oaks Parkway, San Jose, CA
95134-1951, U.S.A. (“EEA”) and Lattice Semiconductor Corporation, a Delaware
corporation, having a place of business at 5555 N.E. Moore Ct., Hillsboro,
Oregon 97124-6421, U.S.A. (“Lattice”).

 

RECITALS

 

WHEREAS the parties entered
into an Advance Production Payment Agreement (the “Agreement”) on or about
March 17, 1997, as amended on December 21, 2001;

 

WHEREAS the parties desire to
modify the Agreement and to set forth such mutually consensual modifications in
writing by way of this Amendment pursuant to Article 15.16 of the Agreement;

 

WHEREAS the parties entered
into a New Facility Wafer Purchase Agreement dated July 25, 1997, as amended on
December 21, 2001 (“New Facility Wafer Purchase Agreement”);

 

WHEREAS the parties will
contemporaneously amend any relevant provisions of the New Facility Wafer
Purchase Agreement so as to be consistent with this Amendment the amended
agreement is hereinafter referred to as the “Amended New Facility Wafer
Purchase Agreement”;

 

WHEREAS all references to
headings and provisions thereto in this Amendment correspond to those in the
Agreement;

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants set out in the Agreement and
this Amendment, such Agreement is hereby amended and/or supplemented as
follows:

 

 

* Omitted and filed separately
with the SEC pursuant to a confidential treatment request

 

1                      Background

 

1.1 Epson

 

Epson is in the business of designing, manufacturing, testing and
selling semiconductor devices, among other products.  Epson manufactures such semiconductor devices at its plant
located at 281 Fujimi, Fujimi-machi, Suwa-gun, Nagano-ken 399-0293, Japan (the “Fujimi
Facility”) , its plant located at 166-3 Jurizuka, Sakata-shi, Yamagata-ken
998-0194, Japan (the “Sakata Facility”) and its Subsidiary’s plant located at 686-1 Ichimiyake, Yasu-Cho, Yasu-gun,
Shiga-ken 520-2362, Japan (the “YSC Facility”).

 

2              Definitions

 

2.1           “APP” will mean the advance production payment of
Six Billion, Two Hundred Eighty-Three Million, Seven Hundred Thousand Japanese
Yen (JPY6,283,700,000) made by Lattice to Epson in the manner described in
Article 4.

 

2.6           “New Facility” will mean the [
* ] process lines constructed at the Site using the Equipment.

 

2.9           “Products” will mean those
specific types of New Facility Wafers fabricated using the same masks and the
same process flow and identified by the same series or product name or
number.  The Products will be ordered,
fabricated, delivered and sold pursuant to the terms and conditions of the Amended
New Facility Wafer Purchase Agreement. 
The Products which the parties desire to fabricate at the New Facility
will be agreed by and between Epson and Lattice, referring to the Process Road
Map for Lattice attached hereto as Exhibit B, which may be reviewed and amended
from time to time by mutual agreement of the parties.  The parties acknowledge however, that the final determination of
what Products will be fabricated may depend on the results of joint development
and product qualification.

 

“Products” will also mean those specific types of 6 inch wafers
fabricated by Epson for Lattice at Epson’s D Wing (Fujimi) and S Wing (Sakata) Fabs
that are credited against the APP pursuant to this Amendment and the Amended
New Facility Wafer Purchase Agreement.

 

2.18         “6 Inch Wafer(s)” will mean the
semi conductor wafers to be fabricated by Epson for Lattice at Epson’s D Wing
and S Wing Fabs.

 

2.19         “6 Inch APP Wafer(s)” will mean
the semiconductor wafers to be fabricated by Epson for Lattice at Epson’s D
Wing and S Wing Fabs that are to be credited against the APP pursuant to this
Amendment and the Amended New Facility Wafer Purchase Agreement.

 

 

2.20         “8
Inch Wafer(s)” will mean the semiconductor wafers to be fabricated by Epson
for Lattice at Epson’s R Wing and T Wing Fabs.

 

2.21         “8 Inch APP Wafer(s)” will mean
the semiconductor wafers to be fabricated for Lattice at Epson’s R Wing and T
Wing Fabs that are to be credited against the APP pursuant to this Amendment
and the Amended New Facility Wafer Purchase Agreement.

 

2.22         “YSC Facility” will have the
meaning ascribed to it in Article 1.1.

 

2.23         “YSC Wafer(s)”
will mean the 8 inch semiconductor wafers to be fabricated by Epson’s
subsidiary for Lattice at the YSC Facility.

 

2.24         “YSC APP Wafer(s)” will mean the 8 inch semiconductor
wafers to be fabricated by Epson’s subsidiary for Lattice at the YSC Facility
that are to be credited against the APP pursuant to this Amendment and the
Amended New Facility Wafer Purchase Agreement.

 

2.25         “YSC Products” will mean those 8
inch wafers fabricated by Epson’s subsidiary at the YSC Facility that are
credited against the APP pursuant to this Amendment and the Amended New
Facility Wafer Purchase Agreement.

 

 

4              APP

 

4.1           APP

 

Lattice shall pay to Epson an
amount equal to Six Billion, Two Hundred Eighty-Three Million, Seven Hundred
Thousand Japanese Yen (JPY6,283,700,000) (“APP”), which APP will be credited
against certain future purchases by Lattice of 6 Inch APP Wafers, 8 Inch APP
Wafers, and YSC APP Wafers as provided in Article 5. As of this date, the
entire amount has been paid.

 

 

5              Credit of APP

 

5.1           Credit of APP

 

The purchase price of 6 Inch
APP Wafers, 8 Inch APP Wafers, and YSC APP Wafers purchased by Lattice under
the Amended New Facility Wafer Purchase Agreement will be credited against the
amount of the APP until the aggregate Japanese Yen value of all 8 Inch APP
Wafers (excluding the Free Wafers), 6 Inch APP Wafers, and YSC APP Wafers
(excluding the YSC Free Wafers) purchased and received by Lattice pursuant to
the Amended New Facility Wafer Purchase Agreement, as calculated pursuant to
Article 5.2, equals or exceeds the amount of the APP. It is the intention of
the parties to

 

 

accelerate the APP prepayment
allocation using all 6 Inch APP Wafers, 8 Inch APP Wafers, and YSC APP Wafers
as purchased under terms and conditions of the Amended New Facility Wafer
Purchase Agreement. The criteria and time required for wafer acceptance by
Lattice will be described in the Amended New Facility wafer Purchase Agreement.

 

5.2           Calculation of Aggregate Credit Value

 

The amount of APP will be
offset and reduced on Japanese Yen to Japanese Yen basis, at the end of each
calendar month of this Agreement, by an amount equal to the Price for the 8
Inch APP Wafers multiplied by the total number of 8 Inch APP Wafers (excluding
the Free Wafers); plus the Price for the 6 Inch APP Wafers multiplied by the
total number of 6 Inch APP Wafers; plus the Price for the YSC APP Wafers
multiplied by the total number of YSC APP Wafers (excluding the YSC Free
Wafers) shipped to Lattice pursuant to the Amended New Facility Wafer Purchase
Agreement during the calendar month, with adjustment of the increase pursuant to
the methods provided in the Amended New Facility Wafer Purchase Agreement;
however under no circumstances shall the APP balance be increased, except as
provided for in Article 14.8 of this Agreement.

 

5.3           Invoices

 

Epson will cause EEA to provide
Lattice with invoices under the Amended New Facility Wafer Purchase Agreement
which, for the purpose of APP application, will specify the purchase price of
the 8 Inch APP Wafers, 6 Inch APP Wafers, and YSC APP Wafers.  Also, EEA shall provide Lattice and Epson
with the monthly report describing, among others, the outstanding balance of
the APP (after the application of all prior offsets, reductions and credits) as
of the commencement of the month subject to the invoices, the number of 8 Inch
APP Wafers and/or 6 Inch APP Wafers and/or YSC APP Wafers shipped to Lattice in
accordance with the Amended New Facility Wafer Purchase Agreement during that
calendar month and the applied Price, and the outstanding balance of the APP as
of the end of such calendar month.  Such
report shall be signed by the respective responsible person at Epson, EEA and
Lattice, provided that Lattice shall not be required to sign any such report
unless it is satisfied with the accuracy and completeness thereof.  Lattice may, for its signature, review all
invoices and reports for inaccuracies and if any such inaccuracies are found
and confirmed by Epson and EEA, Lattice may request to make corrections to
these invoices and reports.

 

 

*
Omitted and filed separately with the SEC pursuant to a confidential treatment
request

 

6              Supply Commitment

 

6.2           Purchase Agreements

 

The parties
anticipate that the Amended New Facility Wafer Purchase Agreement will apply to
Products distributed by Lattice which require fabrication using the [ * ]
Micron

 

 

Process and to
the 6 Inch APP Wafers; provided, however, that the Supply Commitment applies
only to New Facility Wafers.

 

 

8              Free Wafers

 

8.1           YSC Free Wafers

 

As a consideration for
Lattice’s payment of APP, Epson shall provide Lattice with [ * ] free YSC Wafers
of a YSC Product manufactured in the YSC Facility (“YSC Free Wafers”) through
EEA pursuant to the Amended New Facility Purchase Agreement for every [ * ] YSC
Wafers ordered by Lattice towards the offset of APP after the execution of this
Agreement [ * ]. The number of such free wafers will be included in the
calculation of total free wafers pursuant to section 8 above. For the purpose
of calculating the number of YSC Free Wafers earned by Lattice, only YSC APP
Wafers ordered by Lattice will count toward YSC Free Wafers. If at any time
Lattice should cease doing business with the YSC Facility, any YSC Free Wafers
earned, plus the remaining balance of YSC APP Wafers ordered toward YSC Free
Wafers, will be counted as if they were New Facility 8 Inch APP Wafers.

 

 

10            Wafer Pricing and Payment

 

10.1         Determination of Price

 

The
general method for determining the price of Products (“Price”) shall be as set
forth in Exhibit E.  Epson agrees that
at any time the Prices to Lattice [ * ]. 
The Price herein shall be applicable until Lattice has completed the
purchase of [ * ] New Facility Wafers under the terms of this Agreement.

 

10.3         Payment

 

Unless
otherwise stated in this Agreement or this Amendment, other than through offset
of the APP, Lattice will not be required to pay for any 8 Inch APP Wafers, 6
Inch APP Wafers, or YSC APP Wafers delivered under this Agreement or the
Amended New Facility Wafer Purchase Agreement until the

 

 

* Omitted and filed separately with the SEC pursuant to a confidential
treatment request

 

APP has been fully offset and reduced. 
Once the APP is fully offset and reduced, Lattice will be required to
pay Epson for New Facility Wafers in the manner specified in the Amended New
Facility Wafer Purchase Agreement based on the Price until Lattice has
completed the purchase of [ * ] New Facility Wafers under the terms of this
Agreement. Once the APP has been fully offset and reduced, Lattice will be
required to pay Epson for 6 Inch Wafers in the manner specified in the Six Inch
Wafer Purchase

 

 

Agreement and for YSC Wafers in the manner specified in the Amended New
Facility Wafer Purchase Agreement.

 

15            Miscellaneous

 

15.7         Notices and Comunications

 

Any notices required or permitted to be given hereunder will be in
English and be sent by (i) registered airmail or (ii) cable, facsimile or telex
to be confirmed by registered airmail, addressed to:

 

	
  To Epson:

  
	
   

  	
  281 Fujimi,
  Fujimi-machi, Suwa-gun

  
	
   

  	
  Nagano-ken
  399-0293, Japan

  
	
   

  	
  Attn:

  	
  Yasumasa
  Otsuki

  
	
   

  	
   

  	
  Managing Director
  and Chief Executive of

  
	
   

  	
   

  	
  Semiconductor
  Operations Division

  
	
   

  	
  Tel:

  	
  81-266-61-1211

  
	
   

  	
  Fax:

  	
  81-266-61-1271

  
	
   

  
	
  To EEA:

  
	
   

  	
  150 River
  Oaks Parkway, San Jose, CA  95134–1951

  
	
   

  	
  U.S.A.

  
	
   

  	
  Attn:

  	
  Nobuyoshi
  Takei

  
	
   

  	
   

  	
  President
  and Chief Executive Officer

  
	
   

  	
  Tel:

  	
  1-408-576-4354

  
	
   

  	
  Fax:

  	
  1-408-535-8688

  
	
   

  
	
  To Lattice:

  
	
   

  	
  5555 N.E.
  Moore Ct., Hillsboro, OR  97124-6421

  
	
   

  	
  U.S.A.

  
	
   

  	
  Attn:

  	
  Cyrus Tsui

  
	
   

  	
   

  	
  Chairman and
  Chief Executive Officer

  
	
   

  	
  Tel:

  	
  1-503-268-8000

  
	
   

  	
  Fax:

  	
  1-503-268-8077

  

 

Any such notice will be deemed
given at the time of its receipt by the addressee.

 

The foregoing or forthcoming
provisions in this Amendment shall replace and supercede the corresponding
provisions in the Agreement and Exhibits. 
Where a foregoing or forthcoming provision in this Amendment has no corresponding
provision in the Agreement or Exhibits, such provision shall supplement the
Agreement or Exhibits. The

 

 

remainder of the Agreement and
Exhibits, as amended, shall remain in full force and effect.

 

 

IN WITNESS WHEREOF, the parties
have signed this Amendment as of the date first above written.

 

 

LATTICE SEMICONDUCTOR
CORPORATION

 

 

	
  By:

  	
   

  	
  /s/ Jonathan Yu for Cyrus Tsui

  	
   

  
	
  Name:

  	
  Cyrus Tsui

  
	
  Title:

  	
  Chairman and
  Chief Executive Officer

  

 

 

SEIKO EPSON CORPORATION

 

 

	
  By:

  	
   

  	
  /s/ Yasu Otsuki

  	
   

  
	
  Name:

  	
  Yasumasa
  Otsuiki

  
	
  Title:

  	
  Managing Director
  and Chief Executive of Semiconductor Operations Division

  

 

 

EPSON ELECTRONICS AMERICA, INC.
(formerly S MOS SYSTEMS, INC.)

 

 

	
  By:

  	
   

  	
  /s/ Nobuyoshi Takei

  	
   

  
	
  Name:

  	
  Nobuyoshi
  Takei

  
	
  Title:

  	
  President
  and Chief Executive Officer

  

 

 

* Omitted and filed separately
with the SEC pursuant to a confidential treatment request

 

EXHIBIT C

“Payment Schedule”

[Provision
4 under this Exhibit C is hereby deleted by this Amendment]

 

 

EXHIBIT E

“Price Determination Procedure”

[ * ]

 

“APP Offset Procedure”

[ * ]

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