Document:

August 24, 2011

 

Peter B. Lilly

4501 Gulf Shore Boulevard North

Aria 1203

Naples, FL 34103

 

Dear Peter,

 

We are pleased to offer you a position as a member of our Board
of Directors to serve as a director of Colombia Clean Power & Fuels, Inc. (CCPF). We propose the following terms:

 

Cash compensation: You will receive annual
cash compensation of $18,000 paid monthly ($1,500), with payments commencing September, 2011.

 

Stock options: You will be awarded initially
five-year options to purchase up to 50,000 shares of CCPF common stock with a strike price of $2.50 per share granted under CCPF’s
Equity Incentive Plan. The options will vest as follows: 25% immediately with 25% per year vesting over three (3) years. Ongoing
compensation and a stock option plan for the Board of Directors is expected to be developed by the end of the current calendar
year.

 

Board duties: Attend all regularly scheduled
and special meetings of the Board of Directors. Conduct special projects as determined. Serve on specified committees as determined.
Develop positive relationships with other board members and company operating personnel. Prepare for each Board meeting by carefully
studying the agenda and supporting materials.

 

Special committees and task assignments:
You will receive additional cash compensation of $30,000 per year paid monthly ($2,500) for added tasks as a director. Some of
the tasks may include developing strategic relationships, assisting the finance committee, and service on one or more of the Board
committees.

 

Time commitment: You will be expected to
attend five (5) in-person Board meetings per year and make yourself available for occasional teleconferences, as needed. It is
anticipated with your normal Board duties plus special committee and task assignments, CCPF will require approximately 20% of your
time.

 

 

Colombia Clean Power & Fuels, Inc

245 Sir Francis Drake Boulevard

San Anselmo, CA 94930

+1 415 460 1165

 

    	 

    	 

    

 

Expenses/Travel: You will receive reimbursement
for expenses and travel related to your service as a director. All air travel will be business class, when available.

 

Board Policies: You will be expected to
adhere to the policies and procedures governing Board members as currently in place or as adopted in the future.

 

Please indicate your acceptance of the above proposal and your willingness
to service as a director of CCPF by signing below and returning this letter to me. Please call me with any questions.

 

Sincerely,

 	 	 	 	 
	/s/ Barry G. Markowitz	 	 	 
	Barry G. Markowitz, Chairman	 	 	 

 

 

Accepted and agreed upon this 24th day of August, 2011

 

	 	 	 	 
	/s/ Peter B. Lilly	 	 	 
	Peter B. Lilly	 	 	 

 

 

Colombia Clean Power & FuelsExhibit 10.1

 

THIS AGREEMENT
(this “Agreement”), dated February 6, 2012 is entered into by and between NEOMEDIA TECHNOLOGIES, INC.,
a Delaware corporation (the “Company”), and YA GLOBAL INVESTMENTS, L.P. (the “Investor”).

WHEREAS:

		A.	Reference is made to certain financing arrangements entered into by
and between the Company and certain of its former and/or current subsidiaries (collectively, the “Obligors”)
and the Investor, evidenced by, among other things, the documents, instruments, and agreements
listed on Exhibit X attached hereto and incorporated herein by reference (collectively, together with all other documents,
instruments, and agreements executed in connection therewith or related thereto, the “Existing Financing Documents”).

		B.	Reference is also made to the Securities Purchase Agreement (the “Securities Purchase
Agreement”) dated as of May 27, 2010, between the Company and the Investor pursuant to which the Company has issued and
the Investor has purchased the Convertible Debentures and Warrants. All capitalized terms used but not defined herein shall have
the meaning ascribed thereto in the Securities Purchase Agreement.

		C.	The parties desire that, upon the terms and subject to the conditions contained herein, the Company
shall issue and sell to the Investor, as provided herein, and the Investor shall purchase (i) a $450,000 secured convertible debenture
in the form attached hereto as “Exhibit A” (the “Second 2012 Convertible Debenture”, which
shall be deemed to be included in the term Convertible Debentures), which shall be convertible into Common Stock (as converted
such shares of Common Stock, shall be Conversion Shares), and (ii) warrants substantially in the form attached hereto as “Exhibit
B” (the “Second 2012 Warrants”, which shall be deemed to be included in the term Warrants and together
with this Agreement, the Second 2012 Convertible Debenture, the Existing Financing Documents and all other documents, instruments
and agreements executed in connection therewith or related thereto, the “Financing Documents”), to acquire up
to 1,000,000 additional shares of Common Stock (as exercised, such shares of Common Stock shall be Warrant Shares) which shall
be funded on the date hereof (the “Second 2012 Closing”) for a total purchase price of $450,000, (the “Second
2012 Purchase Price”).

		D.	In order to induce the Company to issue and the Investor to purchase the Second 2012 Convertible
Debenture and the Second 2012 Warrants, the parties desire to enter into this Agreement.

NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement the Company and the Investor hereby agree
as follows:

    	1

    	 

    

1.Purchase
and Sale of Second 2012 Convertible Debenture and Second 2012 Warrants.

(a)Subject to
the satisfaction (or waiver) of the terms and conditions of this Agreement, the Investor agrees to purchase at the Second 2012
Closing and the Company agrees to sell and issue to the Investor at the Second 2012 Closing, the Second 2012 Convertible Debenture
and Second 2012 Warrants.

(b)The Second
2012 Closing shall take place at 10:00 a.m. Eastern Standard Time on the same business day as the date hereof, subject to notification
of satisfaction of the conditions to the Second 2012 Closing set forth in this Agreement (or such other date as is mutually agreed
to by the Company and the Investor). The Second 2012 Closing shall occur at the offices of Yorkville Advisors, LLC, 101 Hudson
Street, Suite 3700, Jersey City, New Jersey 07302 (or such other place as is mutually agreed to by the Company and the Investor).

(c)Subject to
the satisfaction (or waiver) of the terms and conditions of this Agreement, on the day of the Second 2012 Closing, (i) the Investor
shall deliver to the Company such aggregate proceeds for the Second 2012 Convertible Debenture and Second 2012 Warrants to be issued
and sold to such Investor at the Second 2012 Closing, minus the fees to be paid directly from the proceeds thereof as set forth
herein, and (ii) the Company shall deliver to the Investor the Second 2012 Convertible Debenture and Second 2012 Warrants
duly executed on behalf of the Company.

2.Representations
and Warranties of Investor.

(a)The representations
and warranties of the Investor set forth in Section 2 of the Securities Purchase Agreement are hereby incorporated by reference
with such changes necessary to relate to this Agreement as if set forth in their entirety herein (the “Investor Representations
and Warranties”). For the avoidance of doubt, in the Investor Representations and Warranties references to “Securities”
shall be deemed references to the Second 2012 Convertible Debenture, the Second 2012 Warrants and the shares of Common Stock issuable
upon conversion or exercise thereof, references to “Conversion Shares” shall be deemed to reference the shares of Common
Stock issuable upon conversion of the Second 2012 Convertible Debenture, references to “Warrant Shares” shall be deemed
to reference the shares of Common Stock issuable upon exercise of the Second 2012 Warrants and any reference to “Transaction
Documents” shall be deemed to include a reference to this Agreement, the Second 2012 Convertible Debenture and the Second
2012 Warrants.

(b)The Investor
hereby represents and warrants that except as may otherwise be disclosed on a disclosure schedule attached hereto, the Investor
Representations and Warranties are true and correct on the date hereof (except for Investor Representations and Warranties that
speak as of a specific date).

3.Representations
and Warranties of the Company.

(a)The representations
and warranties of the Company set forth in Section 3 of the Securities Purchase Agreement are hereby incorporated by reference
with such changes necessary to relate to this Agreement as if set forth in their entirety herein (the “Company Representations
and Warranties”). For the avoidance of doubt, in the Company Representations and Warranties references to “Securities”
shall be deemed references to the Second 2012 Convertible Debenture, the Second 2012 Warrants and the shares of Common Stock issuable
upon conversion or exercise thereof, references to “Conversion Shares” shall be deemed to reference the shares of Common
Stock issuable upon conversion of the Secondthe Second 2012 Convertible Debenture, references to “Warrant Shares” shall
be deemed to reference the shares of Common Stock issuable upon exercise of the Second 2012 Warrants and any reference to “Transaction
Documents” shall be deemed to include a reference to this Agreement, the Second 2012 Convertible Debenture and the Second
2012 Warrants.

    	2

    	 

    

(b)The Company
hereby represents and warrants that except as may otherwise be disclosed on a disclosure schedule attached hereto or as set forth
in the SEC Documents, such Company Representations and Warranties are true and correct on the date hereof (except for Company Representations
and Warranties that speak as of a specific date).

4.Covenants.

(a)With the
exception of subsections 4(d), 4(g)(ii), 7(e) and 7(h), the covenants set forth (or referenced) in Section 4 of the Securities
Purchase Agreement are hereby incorporated by reference with such changes necessary to relate to this Agreement as if set forth
in their entirety herein (the “Covenants”). For the avoidance of doubt, the Covenants’ references to “Securities”
shall be deemed references to the Second 2012 Convertible Debenture, Second 2012 Warrants and the shares of Common Stock issuable
upon conversion or exercise thereof, references to “Conversion Shares” shall be deemed to reference the shares of Common
Stock issuable upon conversion of the Second 2012 Convertible Debenture, references to “Warrant Shares” shall be deemed
to reference the shares of Common Stock issuable upon exercise of the Second 2012 Warrants and any reference to “Transaction
Documents” shall be deemed to include a reference to this Agreement, the Second 2012 Convertible Debenture and the Second
2012 Warrants.

(b)The Company
will use the proceeds from the sale of the Second 2012 Convertible Debenture for the general corporate and working capital purposes
of the Company and its subsidiaries.

5.Ratification
of Financing Documents; Confirmation of Collateral; Cross-Default; Cross-Collateralization; Further Assurances.

(a)The Company
hereby ratifies, confirms, and reaffirms all and singular the terms and conditions of the Existing Financing Documents, and acknowledges
and agrees that, subject to the terms and conditions of this Agreement, all terms and conditions of the Existing Financing Documents
shall remain in full force and effect and the Company remains liable to the Investor for the payment and performance of all amounts
due under the Existing Documents, without offset, defense or counterclaim of any kind, nature or description whatsoever.

(b)The Company
hereby ratifies, confirms, and reaffirms that (i) the obligations secured by the Financing Documents include, without limitation,
all amounts hereafter owed or due under the Second 2012 Convertible Debenture and/or the Financing Documents (the “Obligations”),
and any future modifications, amendments, substitutions, or renewals thereof, (ii) all collateral, whether now existing or hereafter
acquired, granted to the Investor pursuant to the Financing Documents, or otherwise, shall secure all of the Obligations until
the full, final, and indefeasible payment of the Obligations, and (iii) the occurrence of a default
and/or event of default under any Financing Document shall constitute a default and an event of default under all of the Financing
Documents, it being the express intent of the Company that all of the Obligations be fully cross-collateralized,
cross-guaranteed, and cross-defaulted.

    	3

    	 

    

(c)The Company
has previously granted the Investor security interests in all of its assets, and to confirm the same the Company hereby grants
the Investor a security interest in all of its assets, whether now existing or hereafter acquired, including, without limitation,
all accounts, inventory, goods, equipment, software and computer programs, securities, investment property, financial assets, deposit
accounts, chattel paper, electronic chattel paper, instruments, patents, patent applications, copyrights, trademarks, trademark
applications, trade names, domain names, documents, letter-of-credit rights, health-care-insurance receivables, supporting obligations,
notes secured by real estate, commercial tort claims, and general intangibles including payment intangibles, to secure the Obligations
free and clear of all liens and encumbrances, except those in favor of the Investor.

(d)The Company
shall, from and after the execution of this Agreement, execute and deliver to the Investor whatever additional documents, instruments,
and agreements that the Investor may require in order to correct any document deficiencies, or to vest or perfect the Financing
Documents and the collateral granted therein more securely in the Investor and/or to otherwise give effect to the terms and conditions
of this Agreement and/or any documents, instruments and agreement required in connection with, related to, or contemplated by this
Agreement, and hereby irrevocably authorizes the Investor to file any financing statements (including financing statements with
a generic description of the collateral such as “all assets”), and take any other normal and customary steps, the Investor
deems necessary to perfect or evidence the Investor’s security interests and liens in any such collateral.

(e)The Company
acknowledges and agrees that this Agreement shall constitute an authenticated record as such term is defined in the Uniform Commercial
Code.

(f)The Company
acknowledges and agrees that nothing contained in this Agreement, the Second 2012 Convertible Debenture, the Second 2012 Warrants
or in any document, instrument or agreement required in connection with, related to or contemplated thereby shall
be deemed to constitute (1) a waiver of any defaults or events of default now existing or hereafter arising, (2) an agreement to
forbear by the Investor with respect to such defaults or events of default, or (3) an amendment, modification, extension or waiver
of any of the terms of the Financing Documents or of any of the Investor’s rights and remedies thereunder. 

6.Conditions.
The obligation of the Investor hereunder to purchase the Second 2012 Convertible Debenture is subject to the Investor having received
an opinion of counsel from counsel to the Company in a form satisfactory to the Investor; provided that this condition is for the
Investor’s sole benefit and may be waived by the Investor at any time in its sole discretion.

    	4

    	 

    

7.Fees and
Expenses. The Company shall pay all of its costs and expenses incurred by it connection with the negotiation, investigation,
preparation, execution and delivery of this Agreement, the Second 2012 Convertible Debenture, the Second 2012 Warrants or any document,
instrument or agreement required in connection with, related to or contemplated thereby. The Company shall pay a structuring and
due diligence fee to Yorkville Advisors, LLC, the Investor’s investment manager, of $25,000 which shall be paid directly
from the proceeds of the Closing. The Company acknowledges and agrees that the structuring and due diligence fee paid shall be
nonrefundable, fully earned as of the date of the execution of this Agreement, and retained by the Investor as a fee and not applied
in reduction of any other Obligations.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    	5

    	 

    

IN WITNESS WHEREOF,
the parties have caused this Agreement to be duly executed as of date first above written.

	 	COMPANY:
	 	NEOMEDIA TECHNOLOGIES, INC.
	 	 
	 	By:   /s/ James A. Doran
	 	Name:  James A. Doran
	 	Title:    C.F.O.
	 	 
	 	 
	 	INVESTOR:
	 	YA GLOBAL INVESTMENTS, L.P.
	 	By:  Yorkville Advisors, LLC
	 	         its Investment Manager
	 	 
	 	By:         /s/ Gerald Eicke  
	 	Name:  Gerald Eicke
	 	Title:    Managing Member

 

 

 

 

    	6

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