Document:

puredepth_ex1023.htm

     

    Exhibit
      10.23

     

    Confidential
      Treatment Request -- Redacted Copy

     

    
      LICENSE
        AGREEMENT

       

      THIS
        LICENSE AGREEMENT (the “Agreement”) is made by and between
        PureDepth, Inc., a Delaware corporation, with its principal place of business
        at
        255 Shoreline Drive, Suite 610, Redwood City, CA 94065 together with its
        subsidiaries (“PureDepth”) and Samsung Electronics Co., Ltd. represented by
        Samsung Digital Media Business, a Korean corporation, with its principal
        place
        of business at 416 Maetan 3-dong, Youngtong-gu, Suwon-si, Gyeonggi-do
        (“Samsung”).  The effective date of this Agreement is the date last
        signed below by both parties (the “Effective Date”).

       

      WHEREAS,
        PureDepth is a research and design business focused on developing new display
        technology.  PureDepth has developed and continues to develop “MLD
        Technology” (as defined below) with promising commercial potential.

       

      WHEREAS,
        Samsung is a leading manufacturer and distributor of LCD desktop display
        monitors and public information displays.

       

      WHEREAS,
        PureDepth and Samsung have previously entered into a Non-Disclosure Agreement
        dated January 9, 2007 (“NDA”) and a Memorandum of Understanding and Prototype
        Agreement dated February 22, 2007 (“MOU”), and a Variation to Memorandum of
        Understanding and Prototype Agreement (“Variation”) to allow the parties to
        first investigate and then agree licensing and market
        opportunities.

       

      WHEREAS,
        PureDepth wishes to grant to Samsung a license to incorporate PureDepth’s
        multi-layer display technology into Samsung products and to Produce (as herein
        defined), offer for sale, sell and/or distribute such Samsung products within
        the Field of Use (as herein defined) and Territory (as herein defined) under
        the
        terms and subject to the conditions of this Agreement.

       

      NOW,
        THEREFORE, in consideration of the mutual promises and covenants and conditions
        contained herein, Samsung and PureDepth agree as follows:

       

      1.           Definitions.

       

      1.1           “Confidential Information”
        means, whether disclosed orally or in writing: (a) the technical transfer
        information including the Manufacturing Package and Design package provided
        and
        to be further provided  under the MOU and this Agreement (“Technical
        Transfer Information”), Know-How, and PureDepth Pending Applications whether or
        not marked confidential or otherwise identified as such (b) information and
        materials relating to research and development of products, processes and
        technologies conducted by PureDepth for PureDepth and/or other persons; and
        (c) commercial information relating to the business of the PureDepth and/or
        the business of any party for whom PureDepth is providing its services; and
        any
        reports prepared by PureDepth or its advisors in respect of the operations
        of
        PureDepth; and (d) information, knowledge or material which PureDepth has
        designated or may designate as proprietary and/or which relates to business,
        methods, services, techniques, products, programming or research of PureDepth;
        and (e) any copies of any of the information described above or any material
        derived
        from that information.

       

      1.2           
        “Depth Enhancing Technology” means technology utilizing two (2) or more
        screens in a stacked arrangement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      1.3           “Device”
        means product incorporating the MLD Technology, as set forth in the applicable
        Device Appendix.

       

      1.4           
        “Field of Use” means the field of use for each particular Device, as set
        forth in the applicable Device Appendix.

       

      1.5           “Field
        of Use Exclusions” means the excluded markets or fields of use for each
        particular Device and Field of Use, as may be set forth in the applicable
        Device
        Appendix.

       

      1.6           “Know-How”
        means, collectively, all know-how, show-how, technical information, technical
        knowledge, unpatentable inventions, manufacturing procedures, methods,
        specifications, bills of materials, processes, and formulas relating to
        PureDepth’s MLD Technology, including, but not limited to, the Technical
        Transfer Information.

       

      1.7           “Licensed
        Intellectual Property” means the PureDepth Patents and the
        Know-How.

       

      1.8           “MP
        Date” means the earlier of the commencement of Production or the date which
        is [****] after the Effective Date.

       

      1.9           “Milestone”
        means any milestone required to be met/fulfilled by either Samsung or PureDepth
        in accordance with the terms of this Agreement and as more specifically detailed
        in relation to any particular Device and Field of Use in the relevant and
        applicable Device Appendix.

       

      1.10           “MLD
        Technology”
        means Depth Enhancing Technology
        that would, absent a license, infringe on the PureDepth Patents.

       

      1.11           “Permitted
        Subcontractors” means those subcontractors of Samsung that will be involved
        with Production or otherwise of any Device who, as a result, require a
        sublicense of the rights granted by PureDepth to Samsung under this
        Agreement.  Any such sublicense will be subject to the terms and
        conditions set out under this Agreement.

       

      1.12           “Plans”
        means, collectively, the various guidelines/minimum requirements (at a high
        level) to be met by either or both parties, as applicable, in order to
        meet/deliver on the respective Milestones, including, in respect of Device
        Appendix No 1 in the first instance (and amended/updated/deleted or otherwise
        added to/for each other Device Appendix going forward), the:

       

      (a)           Branding
        Plan (“Exhibit G”);

       

      (b)           Production
        Plan (“Exhibit H”);

       

      (c)           Content
        Development Plan (“Exhibit I”),

       

      (d)           Public/Investor
        Relations Plan (“Exhibit J”);

       

      (e)           Device
        Labeling Plan (“Exhibit K”); and

       

      
        	
                 

              	
                (f)

              	
                Such
                  other plans as may be added by way of additional exhibits from
                  time to
                  time by mutual agreement between the
                  parties.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      1.13           “Production”
        or “Produce” or “Produced” or “Producing” means the
        manufacture of any Device from the date of mass production off hard tool (see
        Exhibit I – PVT - “Production Plan”) by Samsung or its Permitted
        Subcontractors.  

       

      1.14           “PureDepth
        Patents” means
        issued patents owned
        by PureDepth as of the  Effective Date, as listed in Exhibit B
        (“PureDepth Patents”), as well as any renewals, reissues, and reexaminations
        thereon and any future patents issued after the Effective Date (and which
        will
        be deemed to be added to Exhibit B (“PureDepth Patents”) upon
        issuance).

       

      1.15           “PureDepth
        Pending Applications” means any patent application whether or not published,
        beneficially owned or legally owned by PureDepth.

       

      1.16           “Quarter”
        and “Quarterly” means the calendar quarters ending 31 March, 30 June, 30
        September and 31 December in any calendar year.

       

      1.17           “Territory”
        means the described territory for each particular Device, as set forth in
        the
        applicable Device Appendix.

       

      2.           Device
        Appendix.  The Devices to be licensed in the specified/applicable
        Fields of Use by PureDepth to Samsung under the terms of this Agreement will
        be
        added to this Agreement from time to time, on a Device by Device basis, by
        means
        of a Device Appendix substantially in the form of Exhibit A (“Sample
        Device Appendix”).  Each Device Appendix will describe, at a minimum,
        the applicable Device, the Field of Use, the Field of Use Exclusions, the
        Territory, royalty payments, certain key Milestones required to be met by
        either
        party and the scope of the license grant by PureDepth to Samsung that are
        specific to licensing of the Device.  Once the parties have reached
        agreement with respect to the terms under which a particular Device will
        be
        licensed, PureDepth will memorialize such information in the form of a Device
        Appendix to be signed by the authorized representatives of the
        parties.  Once the Device Appendix is signed by the authorized
        representatives of the parties it will form part of this Agreement and become
        binding on the parties.

       

      3.           License
        Grants.

       

      3.1           Patent
        License.  Subject to and expressly conditional upon compliance
        with the terms and conditions of this Agreement, including payment of all
        royalties due hereunder, and provided Samsung is otherwise not in material
        breach under this Agreement, PureDepth hereby grants to Samsung a
        non-transferable (subject to Section 17.6 (“Assignment”)), limited license
        under the PureDepth Patents to make, have made, Produce, use, import, sell
        and
        offer to sell Devices in the applicable Field of Use and Territory under
        the
        Samsung brand (and not private labeled) without further right to sublicense
        such
        rights (except to Permitted Subcontractors).  While the ambit of the
        license granted by PureDepth to Samsung hereunder as well as the Territory
        for
        each Device is specified in each applicable Device Appendix, for clarity,
        PureDepth  confirms that, as set out in each Device Appendix, as at
        the Effective Date, PureDepth will not grant a license under the PureDepth
        Patents allowing a third party to enter the applicable Field of Use and
        Territory during the applicable Exclusive Period.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      3.2           Know-How
        License.  Subject to the terms of this Agreement and payment of
        royalties due, PureDepth hereby grants to Samsung a non-exclusive,
        non-transferable (subject to Section 17.6 (“Assignment”)), limited license
        in the applicable Field of Use and Territory to use the Know-How in the course
        of developing the Devices.  While the ambit of the license granted by
        PureDepth to Samsung hereunder as well as the Territory for each Device are
        specified in each applicable Device Appendix, for clarity, PureDepth confirms
        that, as set out in each Device Appendix, as at the Effective Date, PureDepth
        will not grant a license allowing a third party to use the Know-How in the
        applicable Field of Use and Territory during the applicable Exclusive
        Period.  Said Know How License will be sublicenseable to Permitted
        Subcontractors only.  Such Know-How will be disclosed solely to
        employees of Samsung and Permitted Subcontractors on a need-to-know basis.
        With
        respect to Permitted Subcontractors, Samsung will ensure each of the relevant
        Permitted Subcontractors executes both an appropriate non-disclosure agreement
        and subcontractor agreement in, or substantially in, the form set out in
        Exhibits D and E, respectively.

       

      3.3           Improvements.

       

      (i)           Samsung
        hereby grants PureDepth under Samsung’s intellectual property rights a
        [****] to make, have made, market, use, sell, distribute and
        import or export products and, [****], in:
        [****] 

       

      (b)           The
        parties agree that, for the purposes of this section 3.3(a)
        [****] are incorporated into further separate Device Appendices
        duly executed by the parties.

       

      3.4           Sublicensing
        of Improvements.

       

      (a)           With
        reference to sections 3.3(a) (iii) and 3.3(i) of this Agreement,
        PureDepth’s right to [****] provided that:

       

      (i)           
        the total royalty payable to [****] incorporated.

       

      (ii)           the
        royalty shall only be payable to [****] applications within or
        outside the Territory in respect of which the sublicense is to be
        granted.

       

      (b)           With
        reference further to section 3.3(a)(iv) of this Agreement:

       

      (i)           PureDepth
        acknowledges and agrees that [****];

       

      (ii)           Samsung
        acknowledges and agrees, however, that [****];

       

      (iii)           accordingly,
        both parties agree to [****] this Agreement) the further or
        additional and applicable terms of section 3,3(a)(iv), and

       

      For
        the
        avoidance of doubt, the license granted under section 3.3 of this agreement,
        (including but not limited to make, use, sell etc.)
        [****].

       

      3.5           Notification
        of Improvement.  Samsung will [****], before the
        end of the quarter in which the Improvement was conceived by Samsung (or
        where
        applicable, Samsung’s component manufacturers) at [****], as
        applicable.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      4.           Technology
        Transfer.

       

      4.1           Disclosure
        and Training.  During the term of both the MOU and the Variation,
        PureDepth has disclosed and made available to Samsung confidential information
        memorialized in the Technical Transfer Information.  PureDepth has
        made and will continue to make personnel available to provide such further
        training and supply of Technical Transfer Information to Samsung personnel
        as
        reasonably required (at PureDepth’s reasonable
        discretion).  

       

      4.2           Use
        of Facilities.  In order to facilitate face-to-face time for the
        requisite technical transfer, Samsung personnel have and may/will further
        be
        sent to PureDepth facilities in New Zealand, or other suitable location,
        and
        PureDepth personnel have and may/will be further be sent to Samsung facilities
        as described in the applicable Device Appendix.  All travel costs have
        and will for travel including reasonable meals and lodging by Samsung and
        PureDepth personnel will be borne by Samsung for Samsung personnel and by
        PureDepth for PureDepth personnel.  PureDepth has and will
        further  provide office space and desks for Samsung representatives,
        as well as phone/fax and Internet access during the training
        periods.  The use of PureDepth’s facilities by Samsung as provided
        herein will be provided during this time by PureDepth at no
        charge.  In like manner, Samsung has and will provide further use of
        Samsung’s facilities to visiting PureDepth personnel during training periods at
        no charge.  PureDepth and Samsung has and will at all times retain the
        administrative supervision of their respective personnel during visits to
        each
        other’s facilities.  PureDepth and Samsung’s personnel have and will,
        while on location of the other party, comply with the other party’s rules and
        regulations with regard to safety and security.

       

      4.3           Solicitation.  Samsung
        and PureDepth hereby agree that neither party will directly hire as its own
        employee(s) or contract with as its independent contractor(s) any employees
        of
        the other party, including all technical personnel, during the term of this
        Agreement and for a period of at least [****] years from the
        termination or expiration of this Agreement, except as may be mutually agreed
        upon between the parties; except where such prospective employee responds
        to
        general advertisements for employment or independent contractor
        positions.

       

      5.           Milestones
        and Plans.  Subject to the terms of Section 6 (“Trademarks”)
        and Section 7 (“Administrative Procedures), both parties, in addition to
        the representations and warranties set out in Section 12 of this Agreement,
        will
        [****], to/in respect of Device Appendix No 1 and thereafter
        to
        any other Device Appendix added to and or further amended pursuant to the
        terms
        of this Agreement.

       

      6.           Trademarks.  Subject
        to the procedures set forth in Section 7 (“Administrative Procedures”)
        below and PureDepth’s prior written approval, PureDepth hereby grants to Samsung
        a nonexclusive, nontransferable (subject to Section 17.6 (“Assignment”))
        limited license, to use the trademark(s) designated by PureDepth (“Trademarks”)
        in connection with marketing the Devices, and Samsung agrees to use such
        Trademarks on and in connection with each Device.  Samsung
        acknowledges that all use of the Trademarks will inure to the benefit of
        PureDepth.  Samsung will not register PureDepth’s Trademarks in any
        jurisdiction and will not adopt any trademark for use on any Device which
        is
        confusingly similar to any trademark of PureDepth or which includes a prominent
        portion of any trademark of PureDepth.  At PureDepth’s reasonable
        request, Samsung will provide Samsung with samples of Samsung’s use of
        PureDepth’s Trademarks.  Samsung agrees to abide by PureDepth’s
        reasonable written trademark policies as issued and provided to Samsung from
        time to time.  In any case where the Trademarks are not used in
        compliance with PureDepth’s trademark policies, upon receipt of written notice
        from PureDepth, Samsung will promptly correct the non-compliance and submit
        samples of compliant use to PureDepth for approval.

       

      7.           Administrative
        Procedures.  The parties will agree the minimum specification in
        relation to all [****] as incorporated within or released as
        part of  each Device (“Specification”). The parties agree that in
        order to provide PureDepth with appropriate information necessary for the
        orderly administration of the Patents and Trademarks, [****]
        prior to the first commercial shipment of each Device or updated models of
        said
        Device, Samsung will provide PureDepth with detailed engineering drawings
        of the
        relevant Device (and as soon as practicably possible thereafter at most
        [****] of the applicable Devices(s)) to enable PureDepth to
        review and agree with Samsung the proposed use of labeling as set forth Exhibit
        K. 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      8.           Financial
        Terms.

       

      8.1           Royalties.  In
        consideration of the licenses granted by PureDepth in Section 3 (“License
        Grants”) to Samsung hereunder, Samsung will pay PureDepth a royalty based on the
        number of Devices Produced.  Samsung will report royalties payable on
        a Quarterly basis in the “Royalty Reporting Form”, described in Section 9.1
        (“Royalty Reporting”), by the fifth (5th) day of
        the month
        following the end of each Quarter.  Payment of such royalties will be
        [****] following the end of each [****]
        (“Payments”).  

       

      8.2           Payments.  Payments
        by Samsung to PureDepth must be made either by wire transfer to an account
        nominated by PureDepth or by check drawn from a U.S. bank.  Payments
        will be made in U.S. Dollars unless PureDepth, in its sole discretion, nominates
        an alternate currency.  Payments not received when due will accrue
        interest at the rate [****] per month or the maximum amount
        allowed by law (whichever is less), calculated from the due date.

       

      8.3           Taxes.  With
        the exception of PureDepth’s obligation to meet its own income taxes, Samsung
        agrees to pay, indemnify and hold PureDepth harmless from any sales, use,
        excise, import or export, value-added, or similar tax or duty, and any other
        tax
        or duty not based on PureDepth’s net income (“Transfer Taxes”), and all
        government permit fees, license fees, customs fees or similar fees (“Fees”)
        based on any Payment, and any penalties, interest, collection costs and
        withholding costs associated with any of the foregoing items (“Additional
        Costs”).  Taxes, Fees and Additional Costs required to be paid by
        Samsung pursuant to this Section 8.3 are in addition to, and may not be claimed
        as a reduction or offset against, any Payments.  Payments will be made
        subject to the required withholding of any government with
        jurisdiction.  Samsung will keep and maintain complete and accurate
        accounting records of any withholding taxes required by any jurisdiction
        and
        will fully cooperate with PureDepth’s efforts to obtain credits of taxes paid or
        withheld, where appropriate.

       

      9.           Report
        and Audit.

       

      9.1           Royalty
        Reporting.  On or before the fifth day following the end of each
        Quarter during this Agreement and in connection with each Quarterly Payment
        due
        pursuant to Section 8.1 (“Royalties”), Samsung will provide PureDepth with
        a binding written report (“Royalty Report”), in the form of the sample royalty
        report form included in Exhibit C (“Sample Royalty Report Form”) as
        such form may be revised by the parties from time to time, which details
        the
        calculation of the Royalties due.

       

      9.2           Audit.  Samsung
        will keep records and accounts reasonably sufficient to show, verify, and
        document its calculations of number of Device units Produced and Royalties
        due
        hereunder.  These records will be retained for at least
        [****] from the date of expiration or termination of this
        Agreement.  PureDepth, through its designated, independent, certified
        public accounting firm will have the right to examine and inspect all accounts,
        books and records of Samsung, as may contain information reasonably bearing
        upon
        the amount of Royalties payable to PureDepth under this Agreement and the
        accuracy and correctness of Samsung’s reports and payments under this
        Agreement.  Inspections will be scheduled with reasonable advance
        written notice on a mutually agreed upon date and will be conducted in a
        manner
        that is intended to avoid disrupting Samsung’s business and may not occur more
        than twice in any calendar year, unless an earlier inspection in that calendar
        year showed that less than ninety-five percent (95%) of the Royalties due
        to
        PureDepth in that applicable year have been paid by Samsung (in which
        case [****] may be conducted during that contract year), and
        must be during normal business hours at times reasonably acceptable to
        Samsung.  In the event that an examination discloses an error by
        Samsung (for whatever reason) of more than [****] the of
        Royalties paid or due to PureDepth for the period under audit, Samsung will
        fully and promptly (within no more than [****] of completion of
        audit) indemnify and reimburse PureDepth for all PureDepth’s costs and expenses
        of the examination, and will promptly pay to PureDepth the amount of the
        Royalties due to PureDepth.  Samsung will promptly pay PureDepth any
        underpayment discovered in the audit, along with interest at the rate of
        [****] per month or the maximum amount allowed by law
        (whichever is less), calculated from the due date.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

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      10.           Intellectual
        Property.

       

      10.1           Ownership
        of Intellectual Property.  PureDepth is the owner of the PureDepth
        Patents.  Nothing in this Agreement is intended to transfer the
        ownership of any intellectual property owned or licensed by either
        party.

       

      10.2           Notice
        of Third Party Infringement. Either party will promptly inform the other
        party of any suspected infringement of any Licensed Intellectual Property
        by a
        third party.  Either party will additionally provide reasonable
        assistance to the other party in the investigation of any suspected infringement
        as they relate to the Fields of Use, including preparation for any action
        for
        infringement and pursuit of any action for infringement.

       

      10.3           Infringement
        Actions.  Subject to the provisions of Section 10.4
        (“Consultation”) of this Agreement, during the Term, Samsung agrees that
        PureDepth has the sole right to institute an action for infringement with
        respect to the PureDepth Patents against a third party.  Where such
        infringement is causing Samsung material financial damage and (a) upon request
        from PureDepth, Samsung will provide PureDepth with substantiating documentation
        of such financial damage, and (b) PureDepth has not instituted an action
        for infringement, the parties may negotiate the right to institute such action
        or other remedies as the parties agree between them.

       

      10.4           Consultation.  Prior
        to the commencement of any action by PureDepth, PureDepth will both notify
        and
        consult with Samsung in relation to both the suspected infringement and proposed
        action to be instigated by PureDepth. 

       

      10.5           Validity
        of PureDepth Patents.  PureDepth retains the right to terminate
        this Agreement upon written notice, if [****]

       

      10.6           Suspension.  In
        the event Samsung (as the “Suing Party”) brings a claim for patent infringement
        against PureDepth (as the “Defending Party”) or any of PureDepth’s affiliates in
        any court of competent jurisdiction, PureDepth as the Defending Party may
        immediately and retroactively suspend the licenses granted in Section 3
        (“License Grants”) hereunder to Samsung as the Suing Party until such claim has
        been settled to the satisfaction of PureDepth as the Defending
        Party.  In any discussion of a settlement of such patent claim,
        [****].  

       

      10.7           No
        Implied License.  Nothing contained in this Agreement will be
        construed as conferring any rights by implication, estoppel or otherwise,
        to or
        under any patents other than the PureDepth Patents, or any non-patent
        intellectual property right, now or hereafter owned or licensed by PureDepth,
        other than the licenses granted to the Know-How under the terms of
        Section 3.2 (“Know-How License”) or the use of Confidential Information
        provided in Section 11 (“Confidentiality”).  Neither party is required
        hereunder to furnish or disclose to the other any technical or other information
        except as expressly provided herein.  No license, immunity or other
        right is granted under this Agreement with respect to the Licensed Intellectual
        Property, either directly or by implication, estoppel, or
        otherwise:  (a) with respect to any item other than a Device
        notwithstanding that such other item may be combined with or incorporate
        one or
        more Devices; or (b) to third parties acquiring a Device from Samsung for
        purposes of combining such Device with any other item, including other items
        provided by Samsung, or for the use of any such combination even if such
        item
        has no substantial use other than as part of such combination.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

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      10.8           No
        Action.  Except where compelled under court ordered subpoena,
        Samsung will not assist a third party in seeking a holding by a court or
        administrative agency of competent jurisdiction that any of the PureDepth
        Patents or the PureDepth Pending Application are invalid or unenforceable
        or
        otherwise assist a third party in requesting a reexamination or review of
        the
        PureDepth Patents or the PureDepth Pending Application by any such court
        or
        agencies.  Samsung agrees that if the validity or enforceability of a
        PureDepth Patent is contested, Samsung will continue to pay any royalties
        that
        would otherwise be due with respect to such PureDepth Patent pursuant to
        and in
        accordance with the terms of this Agreement until such time as there is a
        determination of invalidity or unenforceability with respect to such PureDepth
        Patent by a court or administrative agency of competent jurisdiction, at
        which
        time Samsung’s obligation to pay royalties will be governed by this Section
        10.8.  If Samsung ceases to pay any royalties that would otherwise be
        due with respect to a PureDepth Patent pursuant to and in accordance with
        the
        terms of this Agreement prior to any determination of invalidity or
        unenforceability, Samsung will be deemed to have materially breached this
        Agreement and PureDepth will be free to exercise its rights including, but
        not
        limited to, the termination of this Agreement.  

       

      11.           Confidentiality.

       

      11.1           Ownership.  Samsung
        acknowledges that the Confidential Information (including all rights thereto)
        is, as between PureDepth and Samsung, the absolute property of PureDepth,
        and at
        all times will remain the absolute property of PureDepth.

       

      11.2           No
        Implied License.  Samsung acknowledges that nothing in this
        Agreement will be construed as granting or conferring any rights by license
        or
        otherwise in the Confidential Information, except as expressly provided herein
        or as may be subsequently agreed in writing by the parties.  Samsung
        acknowledges that Samsung acquires under this Agreement only a limited right
        to
        use the Confidential Information solely for the purposes of this Agreement
        and
        subject to the terms and conditions of this Agreement.

       

      11.3           Limited
        Use.  With respect to the Confidential Information, Samsung will:
        (a) take all reasonable measures to keep all the Confidential Information
        secure and in Samsung’s possession and treat all the Confidential Information as
        confidential regardless of when disclosed; (b) not deal with or use the
        Confidential Information in any way other than for the purposes expressly
        permitted herein and, in the case of any uncertainty, will obtain prior written
        clearance or instruction from PureDepth; (c) refrain from making or having
        or allowing to be made any copies or duplicates of the Confidential Information
        other than those reasonably required for the purposes expressly permitted
        herein; (d) limit access to the Confidential Information to those of
        Samsung’s employees and the Permitted Subcontractors reasonably requiring such
        Confidential Information for the purposes expressly permitted
        herein;  (e) not, without the prior written approval of an
        authorized employee of PureDepth, make use of any of the Confidential
        Information or circulate it within Samsung’s own organization except to the
        extent necessary for: (i) negotiations, discussions and consultations with
        personnel or authorized representatives of PureDepth; (ii) supplying
        PureDepth with goods or services at PureDepth order; or (iii) designing and
        manufacturing the Devices as permitted under the terms of this Agreement;
        (f) ensuring that all employees given access to the Confidential
        Information comply with the terms of this Agreement; and (g) not use any of
        the Confidential Information in any way which will be harmful to the commercial
        interests of PureDepth.  Samsung acknowledges that the Confidential
        Information has commercial value to PureDepth, and loss or damage will be
        sustained by PureDepth if the Confidential Information is dealt with, used
        or
        disclosed by Samsung other than for the purposes expressly permitted hereunder
        and other than strictly in accordance with the terms of this
        Agreement.

       

      11.4           Disclosure
        of Confidential Information by Samsung.  To fulfill the purposes
        of this Agreement, Samsung may wish to disclose Confidential Information
        to
        third parties or Permitted Subcontractors.

       

      (a)           Permitted
        Subcontractor Disclosure.  Where disclosure is to Permitted
        Subcontractors, Samsung hereby undertakes that prior to such disclosure Samsung
        will:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      (i)           Provide
        written notice to PureDepth as to the identity of the Permitted Subcontractor;
        and

       

      (ii)           Execute
        both a non-disclosure agreement in, or substantially in, the form attached
        hereto as Exhibit D (“Form of Nondisclosure”) and a subcontractor agreement in,
        or substantially in, the form attached hereto as Exhibit E (“Form of
        Subcontractor Agreement”) with the Permitted Subcontractor.

       

      (b)           Other
        Third Party Disclosure. Where disclosure is to third parties other than
        Permitted Subcontractors, such disclosure may only be made with the prior
        written consent of PureDepth and which consent may be on such terms and
        conditions as PureDepth sees fit and with respect to any subset of Confidential
        Information that PureDepth permits.

       

      (c)           Samsung
        will take all necessary measures to prevent improper use of the Confidential
        Information by any third party, or any Permitted Subcontractor, to whom Samsung
        has disclosed any Confidential Information  (“Receiving Party”) and
        prevent the improper disclosure of the Confidential Information by the Receiving
        Party.  Samsung agrees that any breach by the Receiving Party under
        the terms of the Form of Non-Disclosure will be deemed to be a breach by
        Samsung
        of the terms of this Agreement.  PureDepth will be entitled to seek
        any remedy at law or in equity with regards to such breach against the Receiving
        Party or Samsung in PureDepth’s sole discretion.

       

      11.5           Indemnification
        by Samsung.  Except as permitted and anticipated by the terms of
        this Agreement, Samsung will not divest itself of the Confidential Information
        (or any part of it) or make copies of it in any circumstances which could
        lead
        to Samsung being unable to at any time, upon the written request of PureDepth,
        fully and completely return to PureDepth the Confidential Information furnished
        to Samsung, without keeping any copies of the Confidential Information, in
        any
        medium.  Samsung agrees to indemnify PureDepth from and against all
        actions, claims, costs, demands, expenses, liabilities, losses, payments
        and
        proceedings whatsoever incurred or suffered by PureDepth [****]
        or any of its respective officers, Receiving Party, Permitted Subcontractor,
        employees or advisors or which otherwise arise from Samsung and/or any of
        such
        persons being in breach of any of the provisions of this Agreement.

       

      11.6           Public
        Company.  Without limiting Section 11 (“Confidentiality”), Samsung
        acknowledges that PureDepth is a public reporting company, and any financial
        information that may be disclosed to Samsung is, as at the date of this
        Agreement, “material nonpublic information” concerning a public corporation that
        is subject to the reporting requirements of the Securities and Exchange Act
        of
        1934.  Accordingly, until PureDepth has filed its current or periodic
        reports on Form 8-K and/or Form 10-QSB containing any such material nonpublic
        information of PureDepth so disclosed to Samsung (or until PureDepth will
        have
        otherwise sooner publicly disclosed such information),  Samsung agrees
        NOT to: (a) buy or sell (including any short sell of) any security, option,
        bond or warrant of PureDepth (other than securities that may be issued directly
        by PureDepth to Samsung in connection with this Agreement or in partial or
        complete fulfillment of the Purpose); or (b) provide any other person, firm
        or entity with such material nonpublic information, including any relative,
        associate or other individual who intends to or may: (i) trade PureDepth
        securities (including short sales of such securities); or (ii) otherwise
        directly or indirectly benefit from such information.

       

      12.           Representations
        and Warranties.

       

      12.1           Representations
        of Samsung.  Samsung represents and warrants to PureDepth
        [****]:

       

      (a)           Corporate
        Organization, Good Standing, Etc.  Samsung is a corporation duly
        incorporated, validly existing and good standing under the laws of Korea
        and has
        all corporate power and authority to own, lease and operate its properties
        and
        to carry on its businesses as currently conducted and as proposed to be
        conducted.  Samsung has all necessary corporate power and authority to
        enter into this Agreement and to perform its obligations hereunder;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      (b)           Due
        Authorization, Etc.  This Agreement has been duly authorized,
        executed and delivered by Samsung and constitutes the legal, valid and binding
        obligation of Samsung, enforceable against it in accordance with its terms,
        subject to any applicable bankruptcy, insolvency, reorganization, moratorium
        or
        similar laws affecting creditors’ rights generally, and general principles of
        equity;

       

      (c)           Compliance
        with Law.  Samsung hereby gives written assurance that it will
        [****] of the applicable jurisdiction.  Samsung bears
        sole responsibility for any violations of [****] by Samsung or
        Samsung’s Devices, and Samsung will [****] of any such
        violation.

       

      (d)           Product
        Liability Insurance.  Samsung has [****] coverage
        and agrees to keep such product liability insurance in effect during the
        term of
        this Agreement.  Samsung will promptly cause PureDepth to be named as
        an additional insured on such policy.

       

      12.2           Representations
        of PureDepth.  PureDepth represents and warrants to Samsung
        [****]:

       

      (a)           Due
        Organization, Good Standing, Etc.  PureDepth is a corporation duly
        incorporated, validly existing and good standing under the laws of the State
        of
        Delaware and has all corporate power and authority to own, lease and operate
        its
        properties and to carry on its businesses as currently conducted and as proposed
        to be conducted.  PureDepth has all necessary corporate power and
        authority to enter into this Agreement, to grant the rights to be granted
        to
        Samsung hereunder and to perform its obligations hereunder; and

       

      (b)           Due
        Authorization, Etc.  This Agreement has been duly authorized,
        executed and delivered by PureDepth and constitutes the legal, valid and
        binding
        obligation of PureDepth, enforceable against it in accordance with its terms,
        subject to any applicable bankruptcy, insolvency, reorganization, moratorium
        or
        similar laws affecting creditors’ rights generally, and general principles of
        equity.

       

      (c)           [****] 
        Subject to Sections [****], PureDepth [****]
 The parties acknowledge and agree that
        the foregoing PureDepth
        [****] used with the PureDepth Patents.

       

      12.3           Disclaimer.  With
        respect to the role of PureDepth as a licensor to Samsung under the terms
        of
        Section 3 (“License Grants”) and any applicable Device Appendix,
        [****] will be construed (i) as a [****];
        (ii) [****], or other rights of third parties; (iii) as
        imposing on PureDepth any [****] of any Licensed Intellectual
        Property, or to [****] of any Licensed Intellectual Property;
        (iv) as granting by implication, estoppel or otherwise any licenses or
        rights under patents or other intellectual property rights of PureDepth other
        than expressly granted herein, regardless of [****];
        (v) imposing on PureDepth any obligation to [****] to
        secure or maintain in force any [****]; (vi)  as a
        warranty that PureDepth will be successful in [****];
        (vii) to require PureDepth to [****] PureDepth’s patent
        rights.  PureDepth does not assume any responsibility for the
        manufacture of or use of any [****] or Permitted Subcontractors
        under the patent license granted herein; or (vii) as a [****]
        of any Licensed Product Produced, used or sold pursuant to this
        Agreement.  All warranties in connection with
        [****].  PUREDEPTH DOES NOT MAKE ANY OTHER
        REPRESENTATIONS OR WARRANTIES OR OBLIGATIONS, EXPRESS OR IMPLIED, INCLUDING
        BUT
        NOT LIMITED TO [****] OR OTHER RIGHTS OF THIRD PARTIES DUE TO
        SAMSUNG’S OPERATION UNDER THE LICENSES HEREIN GRANTED.  THE PUREDEPTH
        PATENTS, KNOW-HOW, ANY SPECIFICATION, OTHER DOCUMENTATION AND RELATED
        INTELLECTUAL PROPERTY [****].

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      13.           Indemnification.

       

      13.1           Notwithstanding
        the foregoing provisions of this Agreement:

       

      (a)           Personal
        Injury and Property Claims.  [****] (including
        court costs and reasonable attorneys’ and experts’ fees) (collectively, “Costs”)
        suffered or incurred [****] claim arises from a product
        liability claim, personal injury or alleged personal injury or property damage
        or alleged property damage [****].

       

      (b)           Patent
        Infringement.  [****] subject to the terms of
        Section 14 and 15 following, [****] (to the extent such third
        party claim or threatened claim arises out of or flows from any action in
        a
        [****]) that such third party’s intellectual property rights in
        [****] to it under this Agreement.

       

      14.           Limitation.  IN
        NO CASE WILL [****] THIS AGREEMENT, AND IN PARTICULAR SECTION
        [****] SUCH LIABILITY.

       

      15.           Consequential
        Damages.  IN NO EVENT WILL [****]
BE LIABLE FOR LOST PROFITS, OR ANY
        SPECIAL, INDIRECT, INCIDENTAL OR
        CONSEQUENTIAL DAMAGES, HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, ARISING
        IN
        ANY WAY IN CONNECTION WITH THIS AGREEMENT.  THIS LIMITATION WILL APPLY
        EVEN IF [****] HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
        DAMAGES AND NOT WITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED
        REMEDY.

       

      16.           Termination.

       

      16.1           Term.  Subject
        to the overriding provisions of this Agreement, this Agreement will commence
        on
        the Effective Date and will, in relation to each Device Appendix, expire
        upon
        the latest expiration date set out in each Device Appendix.

       

      16.2           Termination
        for Cause.  Either party may terminate this Agreement if the other
        party materially breaches this Agreement and fails to cure such breach within
        [****] after receiving written notice
        thereof.  Thereafter, the non-breaching party may, at such
        non-breaching party’s option and in addition to any other remedy that such
        non-breaching party might be entitled to, terminate this Agreement by written
        notice to the breaching party, which notice of termination will be effective
        upon receipt.  

       

      16.3           Termination
        for Insolvency.  Either party may terminate this Agreement by
        written notice if the other party: (a) files a petition, or has a petition
        filed
        against it, under any laws relating to insolvency, and the related insolvency
        proceedings are not dismissed within sixty (60) days after the filing of
        such
        petition; (b) enters into any voluntary arrangement for the benefit of its
        creditors; (c) appoints, or has appointed on its behalf, a receiver, liquidator
        or trustee of any of such party's property or assets; or (d) ceases to carry
        on
        business in the ordinary course.

       

      16.4           Termination
        for Other Valid Reasons.  Notwithstanding the legally binding
        obligations of the parties created by the terms of this Agreement, either
        party
        may terminate this Agreement on [****] written notice to the
        other party within [****] calendar months from the Effective
        Date, if:

       

      (a)           In
        the case of Samsung:

       

      (i)           [****]
        after duly complying with the provisions of Section 5, [****]
        (and associated requirements as set out in the relevant Plans); and

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      (ii)           Samsung
        has, via its duly appointed relationship executive (as detailed in Exhibit
        F),
        or other person as subsequently appointed by notice in writing to PureDepth
        (“Samsung’s Representative”) has notified PureDepth in writing of the
        [****] in Section 16.4(a)(i) and has expeditiously met with
        PureDepth via PureDepth’s authorized relationship executive (likewise detailed
        in Exhibit F) or such other person as subsequently appointed by notice in
        writing to Samsung (“PureDepth’s Representative”), to [****]
        (and associated requirements as set out in the relevant Plans) as well as
        to
        consider the impact of such issues to the balance of the Device Appendices;
        and

       

      (iii)           Despite
        [****] the Launch.

       

      (b)           In
        the case of PureDepth:

       

      (i)           [****]
        (and associated requirements as set on the relevant/applicable Plans); as
        set
        out in Device Appendix No. 1  and/or

       

      (ii)           [****]
        (and associated requirements as set out in the relevant/applicable Plans)
        as set
        out in Device Appendix No. 1

       

      (iii)           PureDepth’s
        Representative has notified Samsung in writing of the belief held in Section
        16.4(b)(i) or 16.4(b)(ii) and has expeditiously met with Samsung’s
        Representative to [****] in Device Appendix No. 1 as well as to
        consider the impact of such issues to the balance of the Device Appendices;
        and

       

      (iv)           [****]

       

      16.5           Effect
        of Termination.  Notwithstanding termination or expiration of this
        Agreement due to any reason of responsibilities by Samsung, Samsung agrees
        to
        pay PureDepth for Royalties due up to the effective date of
        termination.  Upon termination or expiration of this Agreement,
        Samsung will have ninety (90) days to distribute any remaining inventory
        of
        Devices in process and in existence as of the effective date of the termination,
        subject to the obligation of Samsung to pay royalties to PureDepth for any
        Devices Produced by Samsung during such ninety (90) day period.  Upon
        termination or expiration of this Agreement, Samsung will return, or
        upon PureDepth’s request, destroy, within ten (10) days, all PureDepth
        Confidential Information.  Samsung will provide PureDepth with a
        written declaration that all Confidential Information has been returned or
        destroyed, as applicable.  Samsung will also procure a written
        declaration to this effect from Receiving Parties. Termination or expiration
        of
        this Agreement for any reason, will not be construed to release any party
        from
        any obligation accrued prior to the effective date of such termination or
        expiration.   EXCEPT FOR [****] OF THE TERMS OF
        THIS AGREEMENT, [****] THIS AGREEMENT IN ACCORDANCE WITH THE
        TERMS OF THIS AGREEMENT.

       

      17.           General
        Provisions.

       

      17.1           Expenses
        of the Parties.  Each party will pay such party’s own expenses
        incurred in connection with the negotiation, execution and performance of
        this
        Agreement except as otherwise provided herein.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      17.2           Waiver.  No
        term or provision hereof will be considered waived by either party, and no
        breach excused by either party, unless such waiver or consent is in writing
        and
        signed by an authorized representative on behalf of the party against whom
        the
        waiver is asserted.  No consent by either party to, or waiver of, a
        breach by either party, whether express or implied, will constitute a consent
        to, waiver of, or excuse of any other different or subsequent breach by either
        party.

       

      17.3           Amendment
        and Modification.  This Agreement may be amended, modified and
        supplemented by means of a written amendment, signed by the authorized
        representatives of the parties, which specifically refers to this
        Agreement.

       

      17.4           Notices.  Any
        notice to any party hereto given pursuant to this Agreement will be given
        by
        certified or registered first-class mail, return receipt requested, addressed
        as
        follows:

       

      
        	If
                to Samsung to:	_________________________ 
	 	_________________________ 
	 	_________________________ 
	 	Attention:_________________
	 	 
	If
                to PureDepth: 	PureDepth,
                Inc.
	 	255
                Shoreline Drive, Suite
                610
	 	Redwood
                City, California,
94065
	 	Attention:  Jon
                McCaman, CFO
	 	Jon.mccaman@puredepth.com
	 	Fax:  650-632-0818
	 	 
	With
                a copy to:	PureDepth,
                Inc.
	 	255
                Shoreline Drive, Suite
                610
	 	Redwood
                City, California,
94065
	 	Attention:  Michael
                Pendergast, General Counsel
	 	Email:
                Michael.pendergast@puredepth.com
	 	Fax:  650-632-0818

      

       

      Any
        such
        address may be changed by any party by written notice to the other party
        as
        described herein.  Any notice will be deemed delivered when placed for
        delivery so addressed with postage or other charges prepaid.

       

      17.5           Governing
        Law.  This Agreement will be deemed to be executed and performed
        in the United States of America, State of California, County of San Mateo,
        and
        will be construed in accordance with the laws of the State of California
        as to
        all matters, including, but not limited to, matters of validity, construction,
        effect and performance, without regard to California law pertaining to conflicts
        or choice of law.

       

      17.6           Assignment.  This
        Agreement will inure to the benefit of, and be binding upon and enforceable
        against, the respective successors and assigns of the parties hereto but
        may not
        be assigned by Samsung without the prior written consent of
        PureDepth.  This Agreement may be assigned by PureDepth.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      17.7           Headings.  Headings
        are supplied herein for convenience only and will not be deemed a part of
        this
        Agreement for any purpose.

       

      17.8           Counterparts.  This
        Agreement may be executed in any number of counterparts, each of which will
        be
        deemed an original for all purposes, but all of which together will constitute
        one and the same instrument.  The parties agree that faxed signature
        pages will be treated as original signature pages.

       

      17.9           Severability.  If
        any term or provision of this Agreement or the application thereof to any
        person
        or circumstances will to any extent be invalid or unenforceable, the remainder
        of this Agreement or the application of such terms or provisions to persons
        or
        circumstances other than those as to which it is invalid or unenforceable,
        will
        not be affected thereby and each term and provision of this Agreement will
        be
        valid and enforceable to the fullest extent permitted by law.

       

      17.10        Independent
        Contractors.  Each party is an independent contractor and will act
        under its own direction and initiative in performing its obligations under
        this
        Agreement.  This Agreement will not create a principal/agent,
        employer/employee or partnership relationship between Samsung and
        PureDepth.  In no event will either party have any authority to (i)
        direct or control the day-to-day activities of the other party or (ii) assume
        or
        create any contract, liability or obligation, express or implied, on behalf
        of
        the other party.

       

      17.11        No
        Third Party Beneficiaries.  Except as set forth herein, this
        Agreement will not confer any rights or remedies on any party, person or
        third
        party.

       

      17.12        Publicity.  Except
        as may be required by law, Samsung will not disclose any of the provisions
        of
        this Agreement without the prior written consent of PureDepth.

       

      17.13        Export.  The
        parties acknowledge that implementations of the PureDepth Confidential
        Information may be subject to U.S. Export Administration Regulations or
        equivalent laws in other jurisdictions that may apply in countries where
        implementation or other activity under the licenses granted herein takes
        place.
        Samsung agrees that Samsung will not export or re-export the Devices without
        the
        appropriate licenses or approvals from the applicable governmental
        entities.

       

      17.14        Force
        Majeure.  With the exception of payment of monies due, neither
        party will be responsible to the other for delay or failure in performance
        of
        any of the obligations imposed by this Agreement, provided that, such failure
        will be occasioned by fire, flood, explosion, lightning, windstorm, earthquake,
        subsidence of soil, failure of machinery or equipment or supply of materials, discontinuity
        in
        the supply of power, court order or governmental interference, civil
        commotion, riot, act
        of terrorism, war, strikes, labor disturbances, transportation
        difficulties, labor
        shortage, natural genetic variations of any living matter or by any cause
        of
        like or unlike nature beyond the reasonable control and without the fault
        or
        negligence of such parties.

       

      17.15        Press
        Release.  Press Release. The parties will agree to a joint press
        release with regard to the [****], however PureDepth may, as
        required by law, file or publish this Agreement (including without limitation,
        pursuant to Securities and Exchange Commission's requirements to report under
        a
        Current Report on Form 8-K) after the submission to, and review by Samsung,
        within [****]
        of this Agreement. Samsung agrees to
        credit appropriately PureDepth in all press releases, promotions, advertisements
        and announcements that mention the Devices. Samsung agrees
        that PureDepth
        may indicate that Samsung is a licensee of the PureDepth Patents in
        PureDepth’s
        promotional
        materials.

       

      17.16        Rights
        and Remedies.  In the event of any breach of or default under this
        Agreement by a party, the other party may suffer irreparable harm and have
        no
        adequate remedy at law.  In the event of any such breach or default,
        or any threat of such breach or default, the non-breaching party will be
        entitled to injunctive relief, specific performance and other equitable
        relief.  Further, in any legal action or other proceeding in
        connection with this Agreement (e.g., to recover damages or other relief),
        the
        non-breaching party will be entitled to recover, in addition to any other
        relief
        to which it may be entitled, such non-breaching party’s reasonable attorneys'
        fees and other costs incurred in that action or proceeding.  The
        rights and remedies of the non-breaching party under this Section 17.16 are
        in
        addition to, and not in lieu of, any other right or remedy afforded to the
        non-breaching party under any other provision of this Agreement, by law or
        otherwise.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      17.17        Survival.  In
        the case of any termination or expiration of this Agreement, Section 3.3
        (“Improvements”), Section 0 (“Notification of Improvements”), Section 8.1
        (“Royalties”), Section 8.2 (“Payments”), Section 9.2 (“Audit”), Section 11
        (“Confidentiality”), Section [****] Section 16.5 (“Effect of
        Termination”) and Section 17 (“General Provisions”) will survive such
        termination or expirations.

       

      17.18        Construction.  This
        Agreement reflects the wording accepted by the parties and no rule of
        construction will apply against either party.

       

      17.19        Entire
        Agreement.  This Agreement will not be binding
        upon the parties and will not obligate either of the parties, until it has
        been
        signed herein below by both parties.  With the exception of, those
        provisions set out in [****] that are to survive (being
        [****], respectively), this
        Agreement comprises the entire agreement between the parties hereto as to
        the
        subject matter hereof and supersedes all prior discussions, agreements and
        understandings, written or oral, between them relating thereto.

       

      IN
        WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
        by
        the authorized representative of each of the parties.

       

      
        	
                “SAMSUNG”:

              	
                “PUREDEPTH”:

              
	 	 
	
                SAMSUNG
                  ELECTRONICS CO. LTD.

              	
                PUREDEPTH,
                  INC.

              
	 	 
	
                By: __________________________________

              	
                By: ______________________________

              
	
                Print
                  Name: ____________________________

              	
                Print
                  Name:________________________

              
	
                Title: _________________________________

              	
                Title: _____________________________

              
	
                Date: _________________________________

              	
                Date: _____________________________

              

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        EXHIBIT
          A

      

      
        

      

      
        Sample
          Device Appendix No. ___

      

      
        

      

      
        See
          form
          of Device Appendix No. 1 as example.

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            Confidential
              Treatment Request -- Redacted
              Copy

          

        

      

      
        
          	
                   

                	
                  EXHIBIT
                    B

                

        

      

      
         

        PureDepth
          Patents

      

      
         

        [****]

      

      
        

      

      
        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            Confidential
              Treatment Request -- Redacted
              Copy

          

        

      

      
        EXHIBIT
          C

         

      

      
        Sample
          Royalty Report Form

         

      

      [****]

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      EXHIBIT
        D

       

      Form
        of Nondisclosure

       

      

      This
        NON-DISCLOSURE AGREEMENT (the “Agreement”) is entered into on ____________,
        _____ by and between COMPANY (상대회사공식명칭기입),
        having its principal place of business at __________(상대회사주소기입)________________
        (the “Receiving Party”) and Samsung Electronics Co., Ltd., having its place of
        business at _______(당사주소기입)____________________,
        Korea (the “Disclosing Party”)

      

      Hereinafter
        individually referred to as “Party” and collectively referred to as
“Parties”.

      

      WHEREAS,
        the Receiving Party desires to evaluate (discuss/cooperate) the business
        relationship with respect to ____________________ provided by the Disclosing
        Party (the “Purpose”), and

      

      WHEREAS,
        the Disclosing Party possesses certain confidential proprietary information
        with
        related to the Purpose, and

      

      WHEREAS,
        during the course of cooperation and discussions, it may become desirable
        or
        necessary for the Receiving Party hereto to receive certain confidential
        proprietary information related to the Purpose disclosed by Disclosing Party,
        and

      

      WHEREAS,
        the Disclosing Party desires to prevent the unauthorized use and disclosure
        of
        its confidential proprietary information.

      

      NOW
        THEREFOR, for the Purpose stated hereabove, the Parties enter into this
        Agreement in accordance with the following terms and conditions:

      

      
        	
                1.

              	
                Confidential
                  Information. 

              

      

      For
        the
        Purpose of this Agreement, “Confidential Information” is defined as any and all
        information owned, created, or possessed by the Disclosing Party that the
        Disclosing Party desires to protect as confidential against unrestricted
        disclosure or improper competitive use, including, but not limited to,
        discoveries, ideas, concepts, know-how, techniques, designs, samples, software,
        specifications, drawings, blueprints, computer programs and documentation,
        proposals, patent applications, business information, strategic and development
        plans, employee lists, business manuals, marketing plans, technical or financial
        information whether conveyed as communications or data in oral, written,
        graphic, or electromagnetic form or otherwise, and all other information
        which
        may be disclosed by the Disclosing Party or to which the Receiving Party
        may be
        provided access by the Disclosing Party or others in accordance with this
        Agreement, which is not generally available to the public.

      

      
        	
                2.

              	
                Nondisclosure
                  Obligations.

              

      

      The
        Receiving Party promises and agrees to receive and hold the Confidential
        Information in confidence, using all necessary measures to restrict disclosure
        of the Confidential Information. Without limiting the generality of the
        foregoing, the Receiving Party further promises and agrees:

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        	
              	
                a.

              	
                to
                  protect and safeguard the Confidential Information against unauthorized
                  use, publication, or disclosure in any
                  manner;

              

      

      
        	
              	
                b.

              	
                not
                  to use any of Confidential Information except for the
                  Purpose;

              

      

      
        	
              	
                c.

              	
                not
                  to, directly or indirectly, in any way, reveal, reverse engineer,
                  de-compile, disassemble, report, publish, disclose, transfer or
                  otherwise
                  use any of the Confidential Information except as specifically
                  authorized
                  by the Disclosing Party in accordance with this
                  Agreement;

              

      

      
        	
              	
                d.

              	
                not
                  to use any Confidential Information to unfairly compete or obtain
                  unfair
                  advantage vis a vis the Disclosing Party in any commercial
                  activity which may be comparable to the commercial activity contemplated
                  by the parties in connection with the
                  Purpose;

              

      

      
        	
              	
                e.

              	
                to
                  restrict access to the Confidential Information to those of its
                  officers,
                  directors, employees who need such access to carry out the
                  Purpose;

              

        	
                f.

              	
                to
                  advise each of the persons or entities to whom it provides access
                  to any
                  of the Confidential Information that such persons or entities are
                  strictly
                  prohibited from making any use, publishing or otherwise disclosing
                  to
                  others, or permitting others to use for their benefit or to the
                  detriment
                  of the Disclosing Party, any of the Confidential Information, and,
                  provide
                  the Disclosing Party with a copy of a written agreement to that
                  effect, at
                  least as restrictive as this Agreement, signed by such persons
                  or
                  authorized representatives of the entity;
                  and

              

      

      
        	
              	
                g.

              	
                to
                  comply with any other reasonable security measures requested in
                  writing by
                  the Disclosing party

              

      

      

      
        	
                3.

              	
                Exclusions.

              

      

      The
        confidentiality obligations hereunder shall not apply to Confidential
        Information which the Receiving Party can prove that such
        information:

      
        	
                 

              	
                a.

              	
                is,
                  or later becomes, public knowledge other than by breach of the
                  provisions
                  of this Agreement;

              

      

      
        	
                 

              	
                b.

              	
                is
                  already in the possession of the Receiving Party with the full
                  right to
                  disclose prior to its disclosure by the Disclosing Party, as evidenced
                  by
                  written records; or

              

      

      
        	
                 

              	
                c.

              	
                is
                  or has been lawfully disclosed by a third party to the Receiving
                  Party
                  without an obligation of confidentiality or other
                  restriction.

              

      

      

      
        	
                4.

              	
                Return
                  of Confidential Information.

              

      

      The
        Receiving Party agrees, upon termination of the Purpose or upon the written
        request of the Disclosing Party, whichever is earlier, to:

      
        	
              	
                a.

              	
                promptly
                  deliver to the Disclosing Party all records, notes, copies, and
                  other
                  written, printed, or tangible materials, in the possession of or
                  later
                  received by the Receiving Party, embodying or pertaining to the
                  Confidential Information.

              

      

      
        	
              	
                b.

              	
                Procure
                  the return from all persons or entities to whom Confidential Information
                  has been disclosed, all copies, summaries, records, descriptions,
                  modifications, drawings, photographs, computer data bases and adaptations
                  of the documents, tangible items, or other communications as disclosed
                  or
                  generated, or which contain any information derived from such documents,
                  tangible items, other
                  communications.

              

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        	
                5.

              	
                No
                  Other
                  Rights. 

              

      

      
        	
              	
                a.

              	
                Nothing
                  contained in this Agreement shall be construed as granting
                  or conferring
                  rights of license or otherwise in any information.
                  

              

      

      
        	
              	
                b.

              	
                Nothing
                  in this Agreement shall grant to either Party the right to make
                  commitments of any kind for or on behalf of the other Party. Each
                  Party to
                  this Agreement is an independent organization and no agency relationship,
                  joint venture, or partnership shall be created
                  thereby.

              

      

      
        	
              	
                c.

              	
                All
                  Confidential Information shall continue to be owned by the Disclosing
                  Party.

              

      

      
        	
              	
                d.

              	
                The
                  Receiving Party further agrees that all inventions, improvements,
                  copyrightable works and designs relating to machines, methods,
                  compositions, or products of the Disclosing Party directly or indirectly
                  resulting from or relating to the Confidential Information and
                  the right
                  to market, use, license, and franchise the Confidential Information
                  or the
                  ideas, concepts, methods or practices embodied therein shall be
                  the
                  exclusive property of the Disclosing Party, and the Receiving Party
                  nor
                  its clients shall have no right or title
                  thereto.

              

      

      
        	
              	
                e.

              	
                The
                  Disclosing Party provides Confidential Information solely on an
“AS IS”
                  basis, with no warranty of any kind, express or implied, including
                  but not
                  limited to the warranties of merchantability, fitness for particular
                  purpose, or noninfringement.  The Disclosing Party shall not be
                  liable to the Receiving  Party for any indirect, consequential,
                  special, punitive, or other non-actual damages of any kind or nature
                  arising directly or indirectly from any of their obligations under
                  this
                  Agreement.

              

      

      

      
        	
                6.

              	
                Term
                  and Termination.

              

      

      This
        Agreement shall commence on the date first written above. The Receiving Party’s
        right to use the Confidential Information shall continue in effect until
        _____
        year(s), or until the Disclosing Party provides the Receiving Party with
        a
        written notice of termination of such right, whichever is earlier.
        Notwithstanding the foregoing, the Receiving Party’s obligations to protect the
        Confidential Information shall survive and continue beyond any termination
        or
        expiration of this Agreement.

      

      7.  Losses.

      The
        Receiving Party agrees to indemnify the Disclosing Party against any and
        all
        losses, damages, claims, or expenses incurred of suffered by the Disclosing
        Party as a result of the Receiving Party’s beach or threatened breach of this
        Agreement or as a result of the unauthorized use of the Confidential Information
        by those persons to whom the Receiving Party has granted access.

      

      
        	
                8.

              	
                Remedies.

              

      

      The
        Receiving Party agrees and acknowledges that any disclosure or misappropriation
        of any of the Confidential Information in violation of this Agreement may
        cause
        the Disclosing Party irreparable harm, the amount of which may be difficult
        to
        ascertain and for which monetary damages may be inadequate, and therefore
        agrees
        that the Disclosing Party shall be entitled to an injunction or restraining
        order, without bond,

      upon
        ex parte or other petition to a court of competent jurisdiction,
        restraining or enjoining any such further disclosure or misappropriation,
        and
        for such other relief as the Disclosing Party shall deem appropriate. This
        right
        to an injunction or restraining order shall not be construed to prohibit
        the
        Disclosing Party from pursuing any other remedies available to it at law
        or in
        equity, including the recovery of damages.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      Except
        above, any and all disputes between the Parties in connection with or arising
        out of this Agreement, which the Parties are unable to resolve between
        themselves, shall be finally settled by arbitration. The arbitration shall
        be
        held in Seoul, Korea in accordance with the Commercial Arbitration Rules
        of the
        Korean Commercial Arbitration Board and under the laws of Korea by one or
        more
        arbitrator(s) appointed in accordance with the said rules. The arbitration
        award
        rendered by the arbitrator(s) shall be final and binding upon both Parties.
        The
        arbitration shall be held in the English language.

      

      
        	
                9.

              	
                General
                  Provisions.

              

      

      
        	
                 

              	
                a.

              	
                Confidentiality
                  of Agreement.  Each Party agrees that it will not disclose
                  the subject matter or terms of this Agreement or the discussions
                  between
                  the Parties without the written consent of the other
                  Party.

              

      

      

      
        	
                 

              	
                b.

              	
                Governing
                  Law.  This Agreement, and all transactions contemplated
                  hereby, shall be governed by, construed and enforced in accordance
                  with
                  the laws of Korea without reference to the conflict of laws provisions
                  therein.

              

      

      

      
        	
                 

              	
                c.

              	
                Successors
                  and Assigns.  The Receiving Party shall have no right to
                  assign its right under this Agreement, whether expressly or by
                  operation
                  of law, without the written consent of the Disclosing
                  Party.

              

      

      

      
        	
                 

              	
                d.

              	
                Entire
                  Agreement. This instrument contains the entire agreement and
                  understanding between the Parties with respect to the subject matter
                  and
                  transactions hereof and there are no agreements or representations
                  which
                  are not set forth herein. All prior negotiations, agreements, and
                  understandings are superseded
                  hereby.

              

      

      

      
        	
                 

              	
                e.

              	
                Modification
                  and Amendments.  No modification, amendment, addition to, or
                  termination of this Agreement shall be valid or enforceable unless
                  in
                  writing and signed by all of the
                  Parties.

              

      

      

      
        	
                 

              	
                f.

              	
                Severability.  If
                  any term, provision, clause, article, condition or other portion
                  of this
                  Agreement is determined to be invalid, void or unenforceable by
                  a court of
                  competent jurisdiction, the same will be deemed amended or deleted
                  to the
                  extent necessary to make it enforceable and it will not affect
                  any other
                  term, provision, clause, article, condition or other portion hereof,
                  and
                  the remainder of this Agreement will remain in full force and
                  effect.

              

      

      

      
        	
                 

              	
                g.

              	
                Waiver.  None
                  of the provisions, conditions, or rights under this Agreement shall
                  be
                  deemed to be waived by any act or acquiescence on the part of any
                  Party or
                  their respective agents. The waiver of any provision, condition,
                  or right
                  under this Agreement shall not constitute a waiver of any other
                  provision,
                  condition, or right. The failure of any Party to enforce any provision,
                  condition, or right under this Agreement shall not be deemed a
                  waiver of
                  that provision, condition, or
                  right.

              

      

      

      IN
        WITNESS WHEREOF, the parties have caused this Agreement to be executed in
        duplicate originals by their duly authorized representatives.

       

      COMPANY
        (상대회사공식명칭)
                          
SAMSUNG ELECTRONICS CO., LTD.

      By
        :________________________                 By
        :___________________________

      Name
        :______________________                 Name
        :________________________

      Title
        :_______________________                 Title
        :_________________________

      Date
        :
        ______________________                 Date
        : _________________________

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      EXHIBIT
        E

       

      Form
        of Subcontractor Agreement

       

      Samsung
        to provide their standard form subcontractor agreement and agree the same
        with
        PureDepth in due course

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      EXHIBIT
        F

       

      Relationship
        Executives

       

      Samsung
        Relationship Executive:

       

      Name:

      Title:

      Address:

      Email:

      Phone:

      Fax:

      Cell:

       

      PureDepth
        Relationship Executive:

       

      Name:

      Title:

      Address:

      Email:

      Phone:

      Fax:

      Cell:

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

       

      EXHIBIT
        G

       

      Branding
        Plan

       

      [****].

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

        EXHIBIT
        H

       

      Production
        Plan

       

      [****]

      

      The
        above
        plan may be amended by mutual agreement between the parties.

      

       

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        EXHIBIT
          I

         

      

      
        Content
          Development Plan

         

      

      [****]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        EXHIBIT
          J

         

      

      
        Public/Investor
          Relations Plan

         

      

      [****]

       

      
        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            Confidential
              Treatment Request -- Redacted
              Copy

          

        

      

      
        EXHIBIT
          K

         

      

      
        Device
          Labeling Plan

      

      

      MINIMUM
        DEVICE LABELING REQUIREMENTS

      

      Patent
        Marking Requirements

      

      Purpose

      The
        purpose of patent marking is to provide constructive notice to the world
        of the
        patent, and is an important issue in many patent infringement suits. Where
        an
        article is not appropriately marked, defendants may be able to avoid paying
        damages.

      

      Marking
        Requirements

      As
        a
        minimum the article should be marked with the relevant patent numbers or
        pending
        patent application numbers.

      For
        Example: US Pat. 1234567; US Pat. Appn. 10/123456 Pending.

      

      [****]

      

      Trade
        Mark Marking Requirements

      

      Purpose

      Marking
        a
        trademark serves a number of purposes including providing notice of the owners
        claim to the mark and directing a consumer to a notice that identifies the
        trademark owner.  This can be helpful in building the public’s
        association of the mark with the owner.

      

      Marking
        Requirements

      There
        are
        two types of trademarks registered and unregistered.

      Unregistered
        trademarks can be indicated by the use of the trademark symbol (TM).

      Registered
        marks should be indicated by the registered symbol (®).

      

      [****]

      

      It
        is
        preferable that the marking be on the article itself and in any associated
        literature.

      

      
        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            Confidential
              Treatment Request -- Redacted
              Copy

          

        

      

      
        Device
          Appendix No. 1

      

       

      This
        Device Appendix is a supplement to the License Agreement (the “Agreement”)
        between PureDepth, Inc., a Delaware corporation, with a principal place of
        business at 255 Shoreline Drive, Suite 610, Redwood City, CA 94065 (“PureDepth”)
        and Samsung Electronics Co., Ltd., represented by Samsung Digital Media
        Business, a corporation organized under the laws of Korea with its principal
        place of business located at 416 Maetan 3-dong, Youngtong-gu, Suwon-si,
        Gyeonggi-do (“Samsung”). This Device Appendix
        sets out the different, additional and particular terms and conditions
        applicable solely to the licensing of the Device described in this Device
        Appendix and upon signature by the authorized representatives of both parties
        will be incorporated by reference into the Agreement and governed
        thereby.  Such different, additional and particular terms and
        conditions apply only to this Device Appendix and in no way alter the terms
        and conditions applicable to other Device Appendices incorporated into the
        Agreement.  All terms used in this Device Appendix will retain
        the same meanings as defined in the Agreement and such definitions are
        incorporated herein by reference.  This Device Appendix is
        effective on the date last executed below.

       

      
        	
              	
                1.

              	
                Device:
                  [****].

              

      

       

      
        	
              	
                2.

              	
                Field
                  of Use:  [****].

              

      

       

      
        	
              	
                3.

              	
                Field
                  of Use Exclusions:  [****].

              

      

       

      
        	
              	
                4.

              	
                Territory:  Worldwide
                  excluding Japan.

              

      

       

      
        	
              	
                5.

              	
                Scope
                  of License:

              

      

       

      [****]

       

      

       

      
        	
              	
                5.2

              	
                Milestones:
                  [****]
                  The Milestones may be
                  amended/varied by mutual agreement between the
                  parties.

              

      

       

      [****]

       

      
        	
              	
                6.

              	
                PureDepth
                  Milestones:

              

      

       

      PureDepth
        will provide reasonable
        assistance [****]
        as set out against each Milestone
        detailed in the table
        following.  [****]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        	
              	
                7.

              	
                Minimum
                  Requirements and Sign Off:

              

      

       

      The
        parties further acknowledge and agree that, while each of the [****]  Further,
        both parties agree to meet regularly in person, with PureDepth traveling
        to
        Samsung accordingly, to sign off each Milestone (by minute or otherwise)
        as duly
        complete or satisfactorily met.

       

      
        	
              	
                8.

              	
                Royalty
                  Structure:

              

      

       

      
        	
              	
                8.1

              	
                [****]

              

      

       

      
        	
              	
                8.2

              	
                [****]

              

      

       

      
        	
              	
                8.3

              	
                Such
                  Royalties shall be payable according to Section 8 of this
                  Agreement.

              

      

       

      
        	
              	
                9.

              	
                Product
                  Supply:

              

      

       

      
        	
              	
                9.1

              	
                Samples
                  and Device Purchase:  Samsung will deliver [****]
                  to PureDepth as set out in Section 7 (“Administrative Procedures”) of the
                  Agreement and otherwise sell additional Devices to PureDepth at
                  [****].  Procurement
                  for other purposes will be agreed between the parties at the relevant
                  time.

              

      

       

      
        	
              	
                9.2

              	
                Procurement.  If
                  at any time during the term of this Agreement, [****].

              

      

       

      This
        Device Appendix No.1 will expire on the expiration of [****].

       

      IN
        WITNESS WHEREOF, the parties have caused this Device Appendix to be signed
        by their duly authorized representatives.

       

      

      
        	
                “PUREDEPTH”

              	
                “SAMSUNG”

              
	
                PUREDEPTH,
                  INC.

              	
                Samsung
                  Electronics Co., Ltd., represented by Samsung

                Digital
                  Media Business

                ____________________________________

              
	 	 
	
                By:__________________________________

              	
                By: _________________________________

              
	 	 
	
                Print
                  Name:____________________________

              	
                Print
                  Name: ___________________________

              
	 	 
	
                Title:_________________________________

              	
                Title: ________________________________

              

      

      
        

      

      
        

      

      
        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

            Confidential
              Treatment Request -- Redacted
              Copy

          

        

      

      
        Device
          Appendix No. 2

      

       

      This
        Device Appendix is a supplement to the License Agreement (the “Agreement”)
        between PureDepth, Inc., a Delaware corporation, with a principal place of
        business at 255 Shoreline Drive, Suite 610, Redwood City, CA 94065 (“PureDepth”)
        and Samsung Electronics Co., Ltd., represented by Samsung Digital Media
        Business, a corporation organized under the laws of Korea with its principal
        place of business located at 416 Maetan 3-dong, Youngtong-gu, Suwon-si,
        Gyeonggi-do (“Samsung”). This Device Appendix
        sets out the different, additional and particular terms and conditions
        applicable solely to the licensing of the Device described in this Device
        Appendix and upon signature by the authorized representatives of both parties
        will be incorporated by reference into the Agreement and governed
        thereby.  Such different, additional and particular terms and
        conditions apply only to this Device Appendix and in no way alter the terms
        and conditions applicable to other Device Appendices incorporated into the
        Agreement.  All terms used in this Device Appendix will retain
        the same meanings as defined in the Agreement and such definitions are
        incorporated herein by reference.  This Device Appendix is
        effective on the date last executed below.

       

      
        	
              	
                1.

              	
                Device:
                  [****]

              

      

       

      
        	
              	
                2.

              	
                Field
                  of
                  Use:[****]

              

      

       

      
        	
              	
                3.

              	
                Field
                  of Use Exclusions:  [****].

              

      

       

      
        	
              	
                4.

              	
                Territory:  Worldwide
                  excluding Japan.

              

      

       

      
        	
              	
                5.

              	
                Scope
                  of License:

              

      

       

      [****]

       

       

      
        	
              	
                5.2

              	
                Milestones:[****][****]

              

      

       

      
        	
              	
                6.

              	
                PureDepth
                  Milestones:

              

      

       

      PureDepth
        will provide reasonable assistance [****] as set out against
        each Milestone detailed in the table following.

       

       [****]

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

          Confidential
            Treatment Request -- Redacted Copy

        

      

      
        	
              	
                7.

              	
                Minimum
                  Requirements and Sign Off:

              

      

       

      The
        parties further acknowledge and agree that, while each of the
[****].  Further, both parties agree to meet
        regularly in person, with PureDepth traveling to Samsung accordingly, to
        sign
        off each Milestone (by minute or otherwise) as duly complete or satisfactorily
        met.

       

      
        	
              	
                8.

              	
                Royalty
                  Structure:

              

      

       

      
        	
              	
                8.1

              	
                [****]

              

      

       

      
        	
              	
                8.2

              	
                [****]

              

      

       

      
        	
              	
                8.3

              	
                Such
                  Royalties shall be payable according to Section 8 of this
                  Agreement.

              

      

       

      
        	
              	
                9.

              	
                Product
                  Supply:

              

      

       

      
        	
              	
                9.1

              	
                Samples
                  and Device Purchase:  Samsung will deliver
                  [****] to PureDepth as set out in Section 7
                  (“Administrative Procedures”) of the Agreement and otherwise sell
                  additional Devices to PureDepth at
                  [****].  Procurement for other purposes will be
                  agreed between the parties at the relevant
                  time.

              

      

       

      
        	
              	
                9.2

              	
                Procurement.  If
                  at any time during the term of this Agreement,
                  [****].

              

      

       

      This
        Device Appendix No.2 will expire on the expiration of six (6) calendar months
        from [****].

       

      IN
        WITNESS WHEREOF, the parties have caused this Device Appendix to be signed
        by their duly authorized representatives.

       

      

      
        	
                “PUREDEPTH”

              	
                “SAMSUNG”

              
	
                PUREDEPTH,
                  INC.

              	
                Samsung
                  Electronics Co., Ltd., represented by 

                Samsung
                  Digital Media Business

                ____________________________________

              
	 	 
	
                By: ______________________________

              	
                By: _______________________________

              
	 	 
	
                Print
                  Name:________________________

              	
                Print
                  Name:__________________________

              
	 	 
	
                Title: _____________________________

              	
                Title: ______________________________LOGICA HOLDINGS INC.

                   CERTIFICATE OF DESIGNATIONS OF PREFERENCES,
                             RIGHTS AND LIMITATIONS
                     OF SERIES A CONVERTIBLE PREFERRED STOCK

         The undersigned, Giuseppe Pino Baldassarre and Enzo Taddei, do hereby
certify that:

         1.  They are the  President  and  Secretary,  respectively,  of  Logica
Holdings, Inc. a Nevada corporation (the "Company").

         2. The Company is authorized to issue Ten Million  (10,000,000)  shares
of preferred stock, none of which have been previously issued.

         3.  The  following  resolutions  were  duly  adopted  by the  Board  of
Directors:

         WHEREAS, the Certificate of Incorporation of the Company provides for a
class of its authorized stock known as preferred stock, comprised of 10,000,000
shares, $0.001 par value per share, issuable from time to time in one or more
series;

         WHEREAS, the Board of Directors of the Company is authorized to fix the
dividend rights, dividend rate, voting rights, conversion rights, rights and
terms of redemption and liquidation preferences of any wholly unissued series of
preferred stock and the number of shares constituting any Series and the
designation thereof, of any of them; and

         WHEREAS, it is the desire of the Board of Directors of the Company,
pursuant to its authority as aforesaid, to fix the rights, preferences,
restrictions and other matters relating to a series of the preferred stock,
which shall consist of up to 250,000 shares of series A preferred stock which
the Company has the authority to issue, as follows:

         NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby
provide for the issuance of a series of preferred stock for cash or exchange of
other securities, rights or property and does hereby fix and determine the
rights, preferences, restrictions and other matters relating to such series of
preferred stock as follows:

                            TERMS OF PREFERRED STOCK

         Section 1. Definitions. Capitalized terms used and not otherwise
defined herein that are defined in the Purchase Agreement (as defined below)
shall have the meanings given such terms in the Purchase Agreement. For the
purposes hereof, the following terms shall have the following meanings:

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 1 OF 17

<PAGE>

                  "Bankruptcy Event" means any of the following events: (a) the
         Company or any Significant Subsidiary (as such term is defined in Rule
         1.02(s) of Regulation S-X) thereof commences a case or other proceeding
         under any bankruptcy, reorganization, arrangement, adjustment of debt,
         relief of debtors, dissolution, insolvency or liquidation or similar
         law of any jurisdiction relating to the Company or any Significant
         Subsidiary thereof; (b) there is commenced against the Company or any
         Significant Subsidiary thereof any such case or proceeding that is not
         dismissed within 60 days after commencement; (c) the Company or any
         Significant Subsidiary thereof is adjudicated insolvent or bankrupt or
         any order of relief or other order approving any such case or
         proceeding is entered; (d) the Company or any Significant Subsidiary
         thereof suffers any appointment of any custodian or the like for it or
         any substantial part of its property that is not discharged or stayed
         within 60 days; (e) the Company or any Significant Subsidiary thereof
         makes a general assignment for the benefit of creditors; (f) the
         Company or any Significant Subsidiary thereof calls a meeting of its
         creditors with a view to arranging a composition, adjustment or
         restructuring of its debts; or (g) the Company or any Significant
         Subsidiary thereof, by any act or failure to act, expressly indicates
         its consent to, approval of or acquiescence in any of the foregoing or
         takes any corporate or other action for the purpose of effecting any of
         the foregoing.

                  "Closing Date" means the date on which the payment of the
         Purchase Price (as defined herein) by the Investor to the company is
         completed pursuant to this Agreement to purchase the Preferred Stock
         and Warrants, which shall occur on or before October 4th, 2007.

                  "Commission" means the Securities and Exchange Commission.

                  "Common Stock" means the Company's common stock, par value
         $0.015 per share, and stock of any other class into which such shares
         may hereafter have been reclassified or changed.

                  "Common Stock Equivalents" means any securities of the Company
         or the Subsidiaries which would entitle the holder thereof to acquire
         at any time Common Stock, including without limitation, any debt,
         preferred stock, rights, options, warrants or other instrument that is
         at any time convertible into or exchangeable for, or otherwise entitles
         the holder thereof to receive, Common Stock.

                  "Conversion Date" shall have the meaning set forth in Section
6(a).

                  "Conversion Ratio" shall have the meaning set forth in Section
6(a).

                  "Conversion Value" shall have the meaning set forth in Section
6(a).

                  "Conversion Shares" means, collectively, the shares of Common
         Stock into which the shares of Series A Preferred Stock are convertible
         in accordance with the terms hereof.

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 2 OF 17

<PAGE>

                  "Conversion Shares Registration Statement" means a
         registration statement that meets the requirements of the Registration
         Rights Agreement and registers the resale of all Conversion Shares by
         the Holder, who shall be named as a "selling stockholder" thereunder,
         all as provided in the Registration Rights Agreement.

                  "Dilutive Issuance" shall have the meaning set forth in
         Section 7(b) hereof.

                  "Effective Date" means the date that the Conversion Shares
         Registration Statement is declared effective by the Commission.

                  "Exchange Act" means the Securities Exchange Act of 1934, as
         amended.

                  "Exempt Issuance" means the issuance of (a) shares of Common
         Stock or options to employees, officers or directors of the Company
         pursuant to any stock or option plan duly adopted by a majority of the
         non-employee members of the Board of Directors of the Company or a
         majority of the members of a committee of non-employee directors
         established for such purpose, (b) securities upon the exercise of or
         conversion of any securities issued hereunder, and of any convertible
         securities, options or warrants issued and outstanding on the date of
         this Certificate of Designations, provided that such securities have
         not been amended since the date of this Certificate of Designations to
         increase the number of such securities, and (c) securities issued
         pursuant to acquisitions or strategic transactions, provided any such
         issuance shall only be to a Person which is, itself or through its
         subsidiaries, an operating company in a business synergistic with the
         business of the Company and in which the Company receives benefits in
         addition to the investment of funds, but shall not include a
         transaction in which the Company is issuing securities primarily for
         the purpose of raising capital or to an entity whose primary business
         is investing in securities.

                  "Fundamental  Transaction" shall have the meaning set forth in
         Section 7(f)(iv) hereof.

                  "Holder"  shall have the meaning  given such term in Section 2
         hereof.

                  "Junior Securities" means the Common Stock and all other
         equity or equity equivalent securities of the Company other than those
         securities that are explicitly senior in rights or liquidation
         preference to the Series A Preferred Stock.

                  "Original Issue Date" shall mean the date of the first
         issuance of any shares of the Series A Preferred Stock regardless of
         the number of transfers of any particular shares of Series A Preferred
         Stock and regardless of the number of certificates which may be issued
         to evidence such Series A Preferred Stock.

                  "Person" means a Company, an association, a partnership, a
         limited liability company, a business association, an individual, a
         government or political subdivision thereof or a governmental agency.

                  "Purchase Agreement" means the Preferred Stock Purchase
         Agreement, dated as of the October 4th, 2007, to which the Company and
         the original Holders are parties, as amended, modified or supplemented
         from time to time in accordance with its terms, a copy of which is on
         file at the principal offices of the Company.

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 3 OF 17

<PAGE>

                  "Registration Rights Agreement" means the Registration Rights
         Agreement, dated as of the Closing Date, to which the Company and the
         original Holder are parties, as amended, modified or supplemented from
         time to time in accordance with its terms.

                  "Securities Act" means the Securities Act of 1933, as amended,
         and the rules and regulations promulgated thereunder.

                  "Series A Preferred Stock" shall have the meaning set forth in
         Section 2.

                  "Subscription Amount" shall mean the Two Hundred and Fifty
         Thousand Dollars ($250,000.00) to be paid for the Preferred Stock
         purchased pursuant to the Purchase Agreement, in United States Dollars
         and in immediately available funds.

                  "Subsidiary" shall mean a Company, limited liability company,
         partnership, joint venture or other business entity of which the
         Company owns beneficially or of record more than 19% of the equity
         interest.

                  "Trading Day" means a day on which the Common Stock is traded
         on a Trading Market.

                  "Trading Market" means the following markets or exchanges on
         which the Common Stock is listed or quoted for trading on the date in
         question: the Nasdaq SmallCap Market, the American Stock Exchange, the
         New York Stock Exchange, the Nasdaq National Market or the OTC Bulletin
         Board.

                  "Transaction Documents" shall have the meaning set forth in
         the Purchase Agreement.

                  "VWAP" means, for any date, the price determined by the first
         of the following clauses that applies: (a) if the Common Stock is then
         listed or quoted on a Trading Market, the daily volume weighted average
         price of the Common Stock for such date (or the nearest preceding date)
         on the primary Trading Market on which the Common Stock is then listed
         or quoted as reported by Bloomberg Financial L.P. (based on a Trading
         Day from 9:30 a.m. EST to 4:02 p.m. Eastern Time) using the VAP
         function; (b) if the Common Stock is not then listed or quoted on the
         Trading Market and if prices for the Common Stock are then reported in
         the "Pink Sheets" published by the National Quotation Bureau
         Incorporated (or a similar organization or agency succeeding to its
         functions of reporting prices), the most recent bid price per share of
         the Common Stock so reported; or (c) in all other cases, the fair
         market value of a share of Common Stock as determined by a nationally
         recognized-independent appraiser selected in good faith by Purchasers
         holding a majority of the principal amount of Series A Preferred Stock
         then outstanding.

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 4 OF 17

<PAGE>

         Section 2. Designation, Amount and Par Value. The series of preferred
stock shall be designated as the Company's Series A Convertible Preferred Stock
(the "Series A Preferred Stock or "Preferred Stock") and the number of shares so
designated shall be 500,000 (which shall not be subject to increase without the
consent of all of the holders of the Series A Preferred Stock (each a "Holder"
and collectively, the "Holders"). Each share of Series A Preferred Stock shall
have a par value of $0.001 per share. Capitalized terms not otherwise defined
herein shall have the meaning given such terms in Section 1 hereof.

         Section 3. Dividends and Other Distributions. No dividends shall be
payable with respect to the Series A Preferred Stock. No dividends shall be
payable with respect to the Common Stock while the Series A Preferred Stock is
outstanding. The Common Stock shall not be redeemed while the Series A Preferred
Stock is outstanding. Provided, however, the Company may pay dividends on its
Common Stock provided that dividends have been paid pro rata to the Holders of
the Series A Preferred Stock.

         Section 4. Voting Rights. The Series A Preferred Stock shall have no
voting rights. However, so long as any shares of Series A Preferred Stock are
outstanding, the Company shall not, without the affirmative approval of the
Holders of the shares of the Series A Preferred Stock then outstanding, (a)
alter or change adversely the powers, preferences or rights given to the Series
A Preferred Stock or alter or amend this Certificate of Designation, (b)
authorize or create any class of stock ranking as to dividends or distribution
of assets upon a Liquidation (as defined in Section 5) senior to or otherwise
pari passu with the Series A Preferred Stock, or any of preferred stock
possessing greater voting rights or the right to convert at a more favorable
price than the Series A Preferred Stock, (c) amend its certificate or articles
of incorporation or other charter documents in breach of any of the provisions
hereof, (d) increase the authorized number of shares of Series A Preferred
Stock, or (e) enter into any agreement with respect to the foregoing.

         Section 5. Liquidation. Upon any liquidation, dissolution or winding-up
of the Company, whether voluntary or involuntary (a "Liquidation"), the Holders
shall be entitled to receive out of the assets of the Company, whether such
assets are capital or surplus, for each share of Series A Preferred Stock an
amount equal to $1.00 (the "Liquidation Value") before any distribution or
payment shall be made to the holders of any Junior Securities, and if the assets
of the Company shall be insufficient to pay in full such amounts, then the
entire assets to be distributed to the Holders shall be distributed among the
Holders ratably in accordance with the respective amounts that would be payable
on such shares if all amounts payable thereon were paid in full.

         Section 6. Conversion.

                  a)  Conversions  at Option of  Holder.  Each share of Series A
Preferred Stock shall be initially  convertible  (subject to the limitations set
forth in Section  6(c)),  into Two and a half (2.5)  shares of Common  Stock (as
adjusted  as  provided  below,  the  "Conversion  Ratio")  at the  option of the
Holders,  at any time and from time to time from and  after the  Original  Issue
Date. Holders shall effect conversions by providing the Company with the form of
conversion notice attached hereto as Annex A (a "Notice of Conversion") as fully

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 5 OF 17

<PAGE>

and originally executed by the Holder,  together with the delivery by the Holder
to the Company of the stock certificate(s)  representing the number of shares of
Series A Preferred Stock so converted,  with such stock  certificates being duly
endorsed in full for transfer to the Company or with an  applicable  stock power
duly  executed by the Holder in the manner and form as deemed  reasonable by the
transfer agent of the Common Stock.  Each Notice of Conversion shall specify the
number of shares of Series A  Preferred  Stock to be  converted,  the  number of
shares of Series A Preferred  Stock owned prior to the conversion at issue,  the
number of shares of Series A Preferred Stock owned  subsequent to the conversion
at issue,  the stock  certificate  number and the  shares of Series A  Preferred
Stock represented  thereby which are accompanying the Notice of Conversion,  and
the date on which such conversion is to be effected, which date may not be prior
to the date the Holder  delivers  such Notice of Conversion  and the  applicable
stock certificates to the Company by overnight delivery service (the "Conversion
Date").  If no  Conversion  Date is  specified  in a Notice of  Conversion,  the
Conversion  Date shall be the Trading Day  immediately  following  the date that
such Notice of Conversion and applicable stock  certificates are received by the
Company.  The  calculations  and entries  set forth in the Notice of  Conversion
shall control in the absence of manifest or mathematical error. Shares of Series
A Preferred  Stock  converted  into Common  Stock in  accordance  with the terms
hereof  shall be canceled  and may not be  reissued.  The  initial  value of the
Series A  Preferred  Stock on the  Conversion  Date  shall be equal to $0.40 per
share (as adjusted  pursuant to Section 7 or otherwise as provided  herein,  the
"Conversion  Value").  If the initial  Conversion Value is adjusted  pursuant to
Section 7 or as otherwise  provided herein,  the Conversion Ratio shall likewise
be adjusted  and the new  Conversion  Ratio shall  equal the  Liquidation  Value
divided  by the  new  Conversion  Value.  Thereafter,  subject  to  any  further
adjustments  in the  Conversion  Value,  each share of Series A Preferred  Stock
shall be initially  convertible into that number of shares of Common Stock equal
to the new Conversion Ratio.

                  b) Automatic Conversion Upon Change of Control.

                           i.  All  of  the  outstanding   shares  of  Series  A
Preferred Stock shall be automatically converted into the Conversion Shares upon
the close of business on the business day  immediately  preceding the date fixed
for  consummation  of any  transaction  resulting  in a Change of Control of the
Company  (an  "Automatic  Conversion  Event").  A "Change  in  Control"  means a
consolidation or merger of the Company with or into another company or entity in
which  the  Company  is  not  the  surviving  entity  or  the  sale  of  all  or
substantially  all of the assets of the Company to another company or entity not
controlled by the then existing  stockholders of the Company in a transaction or
series of transactions. The Company shall not be obligated to issue certificates
evidencing the Conversion  Shares unless  certificates  evidencing the shares of
Series A Preferred Stock so converted are either delivered to the Company or its
transfer  agent or the holder  notifies  the  Company or its  transfer  agent in
writing that such certificates have been lost, stolen, or destroyed and executes
an agreement  satisfactory to the Company to indemnify the Company from any loss
incurred by it in  connection  therewith.  Upon the  conversion  of the Series A

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 6 OF 17

<PAGE>

Preferred  Stock  pursuant to this Section  6(b)(i),  the Company shall promptly
send written notice thereof, by hand delivery or by overnight  delivery,  to the
holder of record of all of the  Series A  Preferred  Stock at its  address  then
shown on the records of the Company,  which notice shall state that certificates
evidencing  shares of Series A Preferred Stock must be surrendered at the office
of the Company (or of its transfer agent for the Common Stock, if applicable).

                  c)  Beneficial  Ownership  Limitation.  Except as  provided in
Section 6(b) above,  the Company shall not effect any conversion of the Series A
Preferred  Stock, and the Holder shall not have the right to convert any portion
of the Series A Preferred  Stock to the extent that after giving  effect to such
conversion, the Holder (together with the Holder's affiliates),  as set forth on
the applicable Notice of Conversion, would beneficially own in excess of 4.9% of
the number of shares of the Common Stock  outstanding  immediately  after giving
effect to such conversion. For purposes of the foregoing sentence, the number of
shares of Common Stock beneficially owned by the Holder and its affiliates shall
include the number of shares of Common Stock  issuable  upon  conversion  of the
Series A  Preferred  Stock  with  respect  to which  the  determination  of such
sentence is being made,  but shall  exclude the number of shares of Common Stock
which would be  issuable  upon (A)  conversion  of the  remaining,  nonconverted
shares of Series A Preferred  Stock  beneficially  owned by the Holder or any of
its  affiliates,  so long as such  shares  of Series A  Preferred  Stock are not
convertible within sixty (60) days from the date of such determination,  and (B)
exercise or conversion of the unexercised or  nonconverted  portion of any other
securities of the Company  (including  the Warrants)  subject to a limitation on
conversion or exercise analogous to the limitation contained herein beneficially
owned by the Holder or any of its affiliates,  so long as such other  securities
of the Company are not exercisable  nor convertible  within sixty (60) days from
the  date  of  such  determination.  For  purposes  of  this  Section  6(c),  in
determining  the number of  outstanding  shares of Common Stock,  the Holder may
rely on the number of  outstanding  shares of Common  Stock as  reflected in the
most recent of the following:  (A) the Company's most recent quarterly  reports,
Form 10-Q, Form 10-QSB,  Annual Reports,  Form 10-K, or Form 10-KSB, as the case
may be, as filed with the  Commission  under the  Exchange Act (B) a more recent
public  announcement  by the  Company  or (C) any  other  written  notice by the
Company or the  Company's  transfer  agent setting forth the number of shares of
Common Stock  outstanding.  Upon the written or oral request of the Holder,  the
Company  shall within two (2) Trading Days confirm  orally and in writing to the
Holder the number of shares of Common Stock then  outstanding.  In any case, the
number of  outstanding  shares of Common Stock shall be determined  after giving
effect to the conversion or exercise of securities of the Company, including the
Series A Preferred  Stock, by the Holder or its affiliates  since the date as of
which such number of outstanding shares of Common Stock was publicly reported by
the Company. This Section 6(c) may be waived or amended only with the consent of
the  Holders  of all of the  Series A  Preferred  Stock and the  consent  of the

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 7 OF 17

<PAGE>

holders of a majority of the shares of  outstanding  Common Stock of the Company
who are not Affiliates.  For the purpose of the immediately  preceding sentence,
the term  "Affiliate"  shall mean any person:  (a) that directly or  indirectly,
through one or more  intermediaries  controls,  or is controlled by, or is under
common control with the Company,  or (b) who beneficially owns (i) any shares of
Series A Preferred Stock, or (ii) the Company's Common Stock Purchase Warrant(s)
dated October 1, 2007. For purposes of this Section 6(c),  beneficial  ownership
shall be calculated in accordance with Section 13(d) of the Exchange Act.

                  d) Mechanics of Conversion

                           i. Delivery of Certificate Upon Conversion. Except as
otherwise  set forth  herein,  not later  than  three  Trading  Days  after each
Conversion  Date (the "Share Delivery  Date"),  the Company shall deliver to the
Holder (A) a certificate or certificates  which, after the Effective Date, shall
be free of  restrictive  legends  and  trading  restrictions  (other  than those
required by the Purchase Agreement)  representing the number of shares of Common
Stock being acquired upon the conversion of shares of Series A Preferred  Stock,
and (B) a bank  check in the  amount of accrued  and  unpaid  dividends  (if the
Company has elected or is required to pay accrued dividends in cash).  After the
Effective  Date,  the Company  shall,  upon  request of the Holder,  deliver any
certificate or  certificates  required to be delivered by the Company under this
Section   electronically   through  the  Depository  Trust  Company  or  another
established clearing Company performing similar functions. If in the case of any
Notice of Conversion such certificate or certificates are not delivered to or as
directed by the applicable  Holder by the third Trading Day after the Conversion
Date,  the Holder shall be entitled to elect by written notice to the Company at
any  time  on  or  before  its  receipt  of  such  certificate  or  certificates
thereafter,  to  rescind  such  conversion,  in which  event the  Company  shall
immediately  return  the  certificates  representing  the  shares  of  Series  A
Preferred Stock tendered for conversion.

                           ii. Obligation Absolute;  Partial Liquidated Damages.
The  Company's  obligations  to issue and  deliver  the  Conversion  Shares upon
conversion of Series A Preferred  Stock in accordance  with the terms hereof are
absolute and unconditional, irrespective of any action or inaction by the Holder
to enforce the same, any waiver or consent with respect to any provision hereof,
the  recovery  of any  judgment  against any Person or any action to enforce the
same, or any setoff, counterclaim, recoupment, limitation or termination, or any
breach or alleged  breach by the Holder or any other Person of any obligation to
the Company or any  violation  or alleged  violation of law by the Holder or any
other person,  and irrespective of any other  circumstance which might otherwise
limit  such  obligation  of the  Company to the  Holder in  connection  with the
issuance of such Conversion Shares. In the event a Holder shall elect to convert
any or  all of its  Series  A  Preferred  Stock,  the  Company  may  not  refuse
conversion  based  on any  claim  that  such  Holder  or any one  associated  or
affiliated  with  the  Holder  of has  been  engaged  in any  violation  of law,
agreement  or for any other  reason,  unless,  an  injunction  from a court,  on
notice,  restraining and or enjoining conversion of all or part of this Series A
Preferred  Stock shall have been  sought and  obtained  and the Company  posts a
surety  bond  for  the  benefit  of the  Holder  in the  amount  of  150% of the
Conversion  Value of Series A Preferred Stock  outstanding,  which is subject to
the  injunction,  which  bond shall  remain in effect  until the  completion  of
arbitration/litigation of the dispute and the proceeds of which shall be payable
to  such  Holder  to the  extent  it  obtains  judgment.  In the  absence  of an
injunction precluding the same, the Company shall issue Conversion Shares or, if
applicable,  cash, upon a properly noticed  conversion.  If the Company fails to
deliver to the Holder  such  certificate  or  certificates  pursuant  to Section
6(d)(i)  within five (5) Trading Days of the Share  Delivery Date  applicable to
such  conversion,  the Company shall pay to such Holder,  in cash, as liquidated
damages and not as a penalty, for each $5,000 of Conversion Value of Series A

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 8 OF 17

<PAGE>

Preferred  Stock being  converted,  $200 per Trading Day (increasing to $400 per
Trading Day after seven (7) Trading Days and  increasing to $800 per Trading Day
ten (10) Trading  Days after such damages  begin to accrue) for each Trading Day
after the Share Delivery Date until such  certificates  are  delivered.  Nothing
herein shall limit a Holder's  right to pursue actual  damages for the Company's
failure  to  deliver  certificates  representing  shares  of Common  Stock  upon
conversion  within the period  specified  herein and such Holder  shall have the
right to pursue all  remedies  available  to it  hereunder,  at law or in equity
including,   without  limitation,   a  decree  of  specific  performance  and/or
injunctive relief.

                           iii.  Compensation  for  Buy-In on  Failure to Timely
Deliver  Certificates  Upon  Conversion.  If the Company fails to deliver to the
Holder such  certificate or certificates  pursuant to Section 6(d)(i) by a Share
Delivery Date, and if after such Share Delivery Date the Holder purchases (in an
open market transaction or otherwise) Common Stock to deliver in satisfaction of
a sale by such Holder of the Conversion  Shares which the Holder was entitled to
receive upon the  conversion  relating to such Share Delivery Date (a "Buy-In"),
then the  Company  shall pay in cash to the  Holder  the amount by which (x) the
Holder's total purchase price (including brokerage commissions,  if any) for the
Common Stock so purchased exceeds (y) the product of (1) the aggregate number of
shares of Common  Stock  that such  Holder  was  entitled  to  receive  from the
conversion  at issue  multiplied by (2) the price at which the sell order giving
rise to such  purchase  obligation  was  executed.  For  example,  if the Holder
purchases  Common  Stock  having a total  purchase  price of  $11,000 to cover a
Buy-In with respect to an attempted  conversion  of shares of Series A Preferred
Stock  with  respect  to which the  aggregate  sale  price  giving  rise to such
purchase  obligation is $10,000,  under clause (A) of the immediately  preceding
sentence  the Company  shall be required  to pay the Holder  $1,000.  The Holder
shall provide the Company  written notice  indicating the amounts payable to the
Holder in respect of the Buy-In,  together  with  applicable  confirmations  and
other evidence reasonably requested by the Company. Nothing herein shall limit a
Holder's right to pursue any other remedies available to it hereunder, at law or
in equity including, without limitation, a decree of specific performance and/or
injunctive  relief  with  respect to the  Company's  failure  to timely  deliver
certificates  representing  shares of Common Stock upon conversion of the shares
of Series A Preferred Stock as required pursuant to the terms hereof.

                           iv.  Reservation of Shares Issuable Upon  Conversion.
The Company  covenants  that it will at all times reserve and keep available out
of its authorized and unissued  shares of Common Stock solely for the purpose of
issuance  upon  conversion  of the  Series A  Preferred  Stock,  each as  herein
provided,  free from preemptive rights or any other actual  contingent  purchase
rights of persons other than the Holders, not less than such number of shares of
the Common Stock as shall (subject to any additional requirements of the Company
as to  reservation  of such  shares  set  forth in the  Purchase  Agreement)  be
issuable  (taking into account the  adjustments  and  restrictions of Section 7)
upon the conversion of all outstanding  shares of Series A Preferred  Stock. The
Company  covenants  that all shares of Common  Stock  that shall be so  issuable
shall,  upon  issue,  be duly and  validly  authorized,  issued and fully  paid,
nonassessable  and, if the  Conversion  Shares  Registration  Statement  is then
effective  under the  Securities  Act,  registered for public sale in accordance
with such Conversion Shares  Registration  Statement.Fractional  Shares.  Upon a
conversion  hereunder,  the  Company  shall  not  be  required  to  issue  stock
certificates representing fractions of shares of the Common Stock.

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 9 OF 17

<PAGE>

                           v. Transfer Taxes.  The issuance of certificates  for
shares of the Common Stock on conversion  of the Series A Preferred  Stock shall
be made  without  charge to the  Holders  thereof for any  documentary  stamp or
similar  taxes that may be payable in respect of the issue or  delivery  of such
certificate, provided that the Company shall not be required to pay any tax that
may be payable in respect of any transfer  involved in the issuance and delivery
of any such  certificate upon conversion in a name other than that of the Holder
of such shares of Series A Preferred  Stock so converted  and the Company  shall
not be required to issue or deliver such certificates unless or until the person
or persons  requesting  the issuance  thereof shall have paid to the Company the
amount of such tax or shall have  established to the satisfaction of the Company
that such tax has been paid.

         Section 7. Certain Adjustments.

                  a) Stock  Dividends and Stock Splits.  If the Company,  at any
time while the Series A Preferred  Stock is  outstanding:  (A) shall pay a stock
dividend or otherwise  make a  distribution  or  distributions  on shares of its
Common  Stock or any other  equity or equity  equivalent  securities  payable in
shares of Common Stock  (which,  for  avoidance of doubt,  shall not include any
shares of Common Stock issued by the Company pursuant to this Series A Preferred
Stock), (B) subdivide outstanding shares of Common Stock into a larger number of
shares, (C) combine (including by way of reverse stock split) outstanding shares
of  Common   Stock  into  a  smaller   number  of   shares,   or  (D)  issue  by
reclassification  of shares of the Common  Stock any shares of capital  stock of
the Company,  then the  Conversion  Value shall be  multiplied  by a fraction of
which the  numerator  shall be the number of shares of Common  Stock  (excluding
treasury  shares,  if any)  outstanding  before  such  event  and of  which  the
denominator shall be the number of shares of Common Stock outstanding after such
event.  Any  adjustment  made  pursuant to this Section  shall become  effective
immediately after the record date for the determination of stockholders entitled
to receive such dividend or distribution and shall become effective  immediately
after  the  effective  date  in  the  case  of  a  subdivision,  combination  or
re-classification.

                  b) Subsequent  Equity  Sales.  From the date hereof until five
years from the date of closing,  the Company shall be prohibited  from effecting
or entering  into an agreement to effect any  Subsequent  Financing  involving a
"Variable Rate Transaction" or an "MFN Transaction" (each as defined below). The
term "Variable Rate  Transaction"  shall mean a transaction in which the Company
issues or sells (i) any debt or equity  securities  that are  convertible  into,
exchangeable  or  exercisable  for, or include  the right to receive  additional
shares of Common Stock either (A) at a conversion,  exercise or exchange rate or
other  price that is based upon  and/or  varies  with the  trading  prices of or
quotations for the shares of Common Stock at any time after the initial issuance
of such  debt or  equity  securities,  or (B)  with a  conversion,  exercise  or
exchange  price  that is subject to being  reset at some  future  date after the

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 10 OF 17

<PAGE>

initial  issuance  of such debt or equity  security  or upon the  occurrence  of
specified or contingent events directly or indirectly related to the business of
the Company or the market for the Common  Stock  exclusive in all cases of stock
splits,  stock dividends,  recapitalization  and other similar rights.  The term
"MFN Transaction"  shall mean a transaction in which the Company issues or sells
any  securities  in  a  capital   raising   transaction  or  series  of  related
transactions  which grants to an investor the right to receive additional shares
based upon future transactions of the Company on terms more favorable than those
granted to such investor in such  offering.  Any Purchaser  shall be entitled to
obtain  injunctive  relief  against the Company to preclude  any such  issuance,
which   remedy   shall  be  in  addition  to  any  right  to  collect   damages.
Notwithstanding  the foregoing,  this Section 7(b) shall not apply in respect of
an Exempt Issuance,  except that no Variable Rate Transaction or MFN Transaction
shall be an Exempt Issuance.

                  c) Subsequent Rights Offerings. The Company, at any time while
the Series A Preferred Stock is outstanding,  shall not issue rights, options or
warrants to holders of Common Stock  entitling them to subscribe for or purchase
shares of Common Stock at a price per share less than the Conversion Value.

                  d) Price  Adjustment.  From the date hereof until such time as
no Purchaser holds any of the Securities, the If, within the 24 months following
the Closing Date, the Company  closes on the sale of a note or notes,  shares of
Common Stock,  or shares of any class of Preferred Stock at a price per share of
Common Stock, or with a conversion  right to acquire Common Stock at a price per
share of Common Stock,  that is less than the  Conversion  Price (as adjusted to
the capitalization per share as of the Closing Date, following any stock splits,
stock dividends, or the like) (collectively, the "Subsequent Conversion Price"),
the Company shall make a post-Closing adjustment in the Conversion Price so that
the  effective  price  per  share  paid by the  Investor  is  reduced  to  being
equivalent  to such lower  conversion  price after taking into account any prior
conversions of the Preferred Stock and/or exercises of the Warrant.

                  e) Price  Adjustment Based on Earnings Per Share. In the event
the Company earns between  $0.154 and $0.077 (50% Decline) per share (where such
earnings  in this  paragraph  shall  always be defined as  earnings on a pre tax
fully  diluted  basis  (including  dilution  from  any  options,   warrants  and
convertible  securities)  as reported for the audited fiscal year ended December
31, 2008 from continuing  operations  before any non-cash items the then current
Conversion Price to the Investor at the time the audited numbers are reported to
the SEC shall be  decrease  proportionately  by 0% if the pre tax  earnings  are
$0.154 per share or greater  and by 50% if the pre tax  earnings  are $0.077 per
share (50%  decrease).  For example if the earnings are $0.123 per share or less
(20% Decline) then the then current  Conversion  Price to the investor  shall be
reduced by 20%. Such adjustment shall be made automatically within five business
days of the audited numbers being reported to the SEC.

                  f) Company  Put Right.  The Company has the right to force the
Investor,  and the Investor has the right, to purchase an additional $250,000 in
Preferred  Stock  convertible  the  Company at $0.48 per share on October  25th,

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 11 OF 17

<PAGE>

2007. The Preferred Stock will have the same rights, covenants and warranties as
the initial  Preferred  Stock.  Should the Investor not remit the $250,000 on or
before  October 25, 2007,  the Investor  shall  receive a ten (10)  business day
grace  period.  If by such time,  the Investor has not remitted the funds to the
Company,  any and all Warrants issued or to be issued to the Investor under this
Agreement shall immediately  terminate and be of no force and affect. The shares
issuable  upon  conversion  of the  Preferred  Stock are to be  included  in the
registration  statement to be filed per the  Registration  Rights  Agreement and
have the same rights and warranties per the Registration Rights Agreement.

                  g) Pro Rata  Distributions.  If the Company, at any time while
Series A Preferred  Stock is  outstanding,  shall  distribute  to all holders of
Common  Stock (and not to Holders)  evidences of its  indebtedness  or assets or
rights or warrants to subscribe for or purchase any security,  then in each such
case the  Conversion  Value shall be determined by multiplying  such  Conversion
Value in effect  immediately prior to the record date fixed for determination of
stockholders  entitled to receive such  distribution  by a fraction of which the
denominator  shall be the VWAP determined as of the record date mentioned above,
and of which the numerator  shall be such VWAP on such record date less the then
fair market  value at such record date of the portion of such assets or evidence
of indebtedness so distributed applicable to one outstanding share of the Common
Stock as determined by the Board of Directors in good faith.  In either case the
adjustments  shall be  described  in a statement  provided to the Holders of the
portion  of  assets  or  evidences  of   indebtedness  so  distributed  or  such
subscription  rights  applicable to one share of Common Stock.  Such  adjustment
shall be made whenever any such  distribution is made and shall become effective
immediately after the record date mentioned above.

                  h) Calculations.  All calculations  under this Section 7 shall
be made to the nearest cent or the nearest  1/100th of a share,  as the case may
be. The number of shares of Common Stock outstanding at any given time shall not
include  shares  owned or held by or for the  account  of the  Company,  and the
description  of any such shares of Common Stock shall be  considered on issue or
sale of Common  Stock.  For  purposes of this Section 7, the number of shares of
Common Stock deemed to be issued and outstanding as of a given date shall be the
sum of the number of shares of Common Stock (excluding  treasury shares, if any)
actually issued and outstanding.

                  i) Notice to Holders.

                           i.  Adjustment  to  Conversion  Price.  Whenever  the
Conversion  Value is  adjusted  pursuant  to any of this  Section 7, the Company
shall promptly mail to each Holder a notice  setting forth the Conversion  Value
after such adjustment and setting forth a brief statement of the facts requiring
such  adjustment.  If the Company issues a variable rate  security,  despite the
prohibition  thereon in the Purchase  Agreement,  the Company shall be deemed to
have issued  Common Stock or Common  Stock  Equivalents  at the lowest  possible
conversion  or  exercise  price at which such  securities  may be  converted  or
exercised in the case of a Variable Rate Transaction (as defined in the Purchase
Agreement),  or the  lowest  possible  adjustment  price  in the  case of an MFN
Transaction (as defined in the Purchase Agreement).

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 12 OF 17

<PAGE>

                           ii. Notices of Other Events. If (A) the Company shall
declare a dividend  (or any other  distribution)  on the Common  Stock;  (B) the
Company shall  declare a redemption  of the Common Stock;  (C) the Company shall
authorize  the granting to all holders of the Common Stock rights or warrants to
subscribe  for or  purchase  any shares of capital  stock of any class or of any
rights; (D) the approval of any stockholders of the Company shall be required in
connection  with any  reclassification  of the Common  Stock or any  Fundamental
Transaction,  (E) the Company  shall  authorize  the  voluntary  or  involuntary
dissolution,  liquidation  or winding up of the affairs of the Company;  then in
each  case,  the  Company  shall  cause  to be filed at each  office  or  agency
maintained  for the purpose of conversion of the Series A Preferred  Stock,  and
shall  cause to be mailed to the Holders at their last  addresses  as they shall
appear upon the stock books of the Company,  at least 30 calendar  days prior to
the applicable record or effective date hereinafter  specified, a notice stating
(x) the date on which a record is to be taken for the purpose of such  dividend,
distribution, redemption, rights or warrants, or if a record is not to be taken,
the date as of which the holders of the Common Stock of record to be entitled to
such  dividend,  distributions,   redemption,  rights  or  warrants  are  to  be
determined or (y) the date on which such  reclassification is expected to become
effective or close,  and the date as of which it is expected that holders of the
Common Stock of record shall be entitled to exchange  their shares of the Common
Stock  for   securities,   cash  or  other   property   deliverable   upon  such
reclassification or Fundamental Transaction;  provided, that the failure to mail
such notice or any defect therein or in the mailing thereof shall not affect the
validity of the corporate action required to be specified in such notice.

                           iii. Exempt Issuance.  Notwithstanding the foregoing,
no  adjustment  will be made  under  this  Section  7 in  respect  of an  Exempt
Issuance.

                           iv.  Fundamental  Transaction.  If, at any time while
this Series A Preferred Stock is outstanding, (A) the Company effects any merger
or  consolidation  of the Company with or into another  Person,  (B) the Company
effects any sale of all or substantially all of its assets in one or a series of
related  transactions,  (C) any tender offer or exchange  offer  (whether by the
Company or another  Person) is  completed  pursuant  to which  holders of Common
Stock are  permitted to tender or exchange  their  shares for other  securities,
cash or property,  or (D) the Company effects any reclassification of the Common
Stock or any  compulsory  share  exchange  pursuant to which the Common Stock is
effectively  converted into or exchanged for other securities,  cash or property
(in any such  case,  a  "Fundamental  Transaction"),  then  upon any  subsequent
conversion of this Series A Preferred  Stock, the Holder shall have the right to
receive,  for each  Conversion  Share that would  have been  issuable  upon such
conversion  absent  such  Fundamental  Transaction,  the same kind and amount of
securities,  cash or property as it would have been entitled to receive upon the
occurrence of such Fundamental  Transaction if it had been, immediately prior to
such  Fundamental  Transaction,  the  holder of one share of Common  Stock  (the
"Alternate   Consideration").   For  purposes  of  any  such   conversion,   the
determination of the Conversion  Price shall be appropriately  adjusted to apply

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 13 OF 17

<PAGE>

to such Alternate  Consideration based on the amount of Alternate  Consideration
issuable  in  respect  of  one  share  of  Common  Stock  in  such   Fundamental
Transaction,  and the Company  shall  apportion the  Conversion  Price among the
Alternate  Consideration in a reasonable manner reflecting the relative value of
any different  components of the Alternate  Consideration.  If holders of Common
Stock are given any choice as to the securities, cash or property to be received
in a Fundamental Transaction,  then the Holder shall be given the same choice as
to the Alternate  Consideration it receives upon any conversion of this Series A
Preferred Stock following such Fundamental Transaction.  To the extent necessary
to  effectuate  the  foregoing  provisions,  any  successor  to the  Company  or
surviving entity in such Fundamental Transaction shall file a new Certificate of
Designations  with the same  terms and  conditions  and issue to the  Holder new
preferred  stock  consistent  with the foregoing  provisions  and evidencing the
Holder's right to convert such preferred stock into Alternate Consideration. The
terms of any agreement  pursuant to which a Fundamental  Transaction is effected
shall include terms  requiring any such successor or surviving  entity to comply
with the  provisions of this  paragraph  (f)(iv) and insuring that this Series A
Preferred Stock (or any such  replacement  security) will be similarly  adjusted
upon any subsequent transaction analogous to a Fundamental Transaction.

         Section 8. Miscellaneous.

                  a)  Notices.  Any and all notices or other  communications  or
deliveries  to  be  provided  by  the  Holders  hereunder,   including,  without
limitation,  any  Notice  of  Conversion,  shall  be in  writing  and  delivered
personally,  by facsimile,  sent by a nationally  recognized  overnight  courier
service,  addressed  to the  Company,  at the address  provided in the  Purchase
Agreement,  facsimile  number (212)  671-1403,  Attn: c/o T Squared Capital LLC,
1325 Sixth Avenue,  Floor 28, New York, New York 10019 Attn:  Thomas M. Sauve or
such other  address or  facsimile  number as the  Company  may  specify for such
purposes by notice to the Holders delivered in accordance with this Section. Any
and all  notices or other  communications  or  deliveries  to be provided by the
Company  hereunder shall be in writing and delivered  personally,  by facsimile,
sent by a nationally  recognized  overnight  courier  service  addressed to each
Holder at the facsimile  telephone number or address of such Holder appearing on
the books of the Company,  or if no such facsimile  telephone  number or address
appears,  at the principal place of business of the Holder.  Any notice or other
communication or deliveries hereunder shall be deemed given and effective on the
earliest of (i) the date of  transmission,  if such notice or  communication  is
delivered  via  facsimile at the facsimile  telephone  number  specified in this
Section prior to 5:30 p.m. (New York City time), (ii) the date after the date of
transmission,  if such notice or communication is delivered via facsimile at the
facsimile  telephone  number specified in this Section later than 5:30 p.m. (New
York City time) on any date and earlier than 11:59 p.m.  (New York City time) on
such date, (iii) the second Business Day following the date of mailing,  if sent
by nationally  recognized overnight courier service, or (iv) upon actual receipt
by the party to whom such notice is required to be given.

                  b) Absolute  Obligation.  Except as expressly provided herein,
no  provision  of this  Certificate  of  Designation  shall  alter or impair the
obligation  of the  Company,  which is absolute  and  unconditional,  to pay the
liquidated  damages (if any) on, the shares of Series A  Preferred  Stock at the
time, place, and rate, and in the coin or currency, herein prescribed.

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 14 OF 17

<PAGE>

                  c)  Lost  or  Mutilated  Preferred  Stock  Certificate.  If  a
Holder's Series A Preferred Stock certificate  shall be mutilated,  lost, stolen
or  destroyed,   the  Company  shall  execute  and  deliver,   in  exchange  and
substitution for and upon cancellation of a mutilated certificate, or in lieu of
or  in  substitution  for  a  lost,  stolen  or  destroyed  certificate,  a  new
certificate  for the  shares of Series A  Preferred  Stock so  mutilated,  lost,
stolen or  destroyed  but only upon  receipt of evidence of such loss,  theft or
destruction of such certificate, and of the ownership thereof, and indemnity, if
requested, all reasonably satisfactory to the Company.

                  d) Next Business Day. Whenever any payment or other obligation
hereunder shall be due on a day other than a Business Day, such payment shall be
made on the next succeeding Business Day.

                  e) Headings. The headings contained herein are for convenience
only, do not constitute a part of this Certificate of Designations and shall not
be deemed to limit or affect any of the provisions hereof.

                  RESOLVED, FURTHER, that the Chairman, the president or any
vice-president, and the secretary or any assistant secretary, of the Company be
and they hereby are authorized and directed to prepare and file a Certificate of
Designation of Preferences, Rights and Limitations in accordance with the
foregoing resolution and the provisions of Delaware law.

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 15 OF 17

<PAGE>

         IN WITNESS WHEREOF, the undersigned have executed this Certificate this
4th day of October, 2007.

Name:  Giuseppe Pino Baldassarre
     ----------------------------------

Title: CEO - Logica Holdings Inc

Name:  Enzo Taddei
     ----------------------------------

Title: CFO - Logica Holdings Inc

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 16 OF 17

<PAGE>

                                     ANNEX A

                              NOTICE OF CONVERSION

       (TO BE EXECUTED BY THE REGISTERED HOLDER IN ORDER TO CONVERT SHARES
                          OF SERIES A PREFERRED STOCK)

The undersigned hereby elects to convert the number of shares of Series A
Convertible Preferred Stock indicated below, into shares of common stock, par
value $0.015 per share (the "Common Stock"), of Logica Holdings, Inc, a Nevada
Company (the "Company"), according to the conditions hereof, as of the date
written below. If shares are to be issued in the name of a person other than
undersigned, the undersigned will pay all transfer taxes payable with respect
thereto and is delivering herewith such certificates and opinions as reasonably
requested by the Company in accordance therewith. No fee will be charged to the
Holder for any conversion, except for such transfer taxes, if any.

Conversion calculations:

       Date to Effect Conversion: ______________________________________________

       Number of shares of Common Stock owned prior to Conversion:______________

       Number of shares of Series A Preferred Stock to be Converted:____________

       Value of shares of Series A Preferred Stock to be Converted:_____________

       Number of shares of Common Stock to be Issued:___________________________

       Certificate Number of Series A Preferred Stock attached hereto:__________

       Number of Shares of Series A Preferred Stock represented by attached
       certificate:______________

       Number of shares of Series A Preferred Stock subsequent to Conversion:
      ________________

                                    [HOLDER]

                                                     By:________________________
                                                     Name:______________________
                                                     Title:_____________________

                 LOGICA HOLDINGS INC CERTIFICATE OF DESIGNATION

                                  PAGE 17 OF 17

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