Document:

EXHIBIT
10.3

REGISTRATION RIGHTS AGREEMENT

This REGISTRATION RIGHTS AGREEMENT is made as of
August 21, 2006, by and among VUBOTICS, INC.,
a Nevada corporation (the ”Company”),
with headquarters located at 5555 Glenridge Connector, Atlanta, Georgia 30342,
and the purchasers (collectively, the “Purchasers”
and each a “Purchaser”) set
forth on Schedule 1 hereof, with regard to the following:

RECITALS

WHEREAS,
the Company and the Purchasers are parties to that certain Common Stock and
Warrant Purchase Agreement dated as of August 21, 2006 (the “Purchase Agreement”);

WHEREAS,
as a condition of the obligations of, and an inducement to, the parties to
consummate the purchase by the Purchasers of the Common Shares and Warrants
(each as defined in the Purchase Agreement), contemplated by the Purchase
Agreement, this Agreement shall be executed and delivered;

NOW,
THEREFORE, in consideration of their respective promises
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and Purchasers hereby
agree as follows:

Any capitalized terms not
defined herein shall have the meaning set forth in the Purchase Agreement.

ARTICLE I

Registration of Shares; Compliance with the Securities
Act

Section 1.1             Registration Procedures and Expenses.  The Company shall:

Subject to
receipt of necessary information from the Purchasers, including all information
requested by Schedule 2 hereof, use commercial reasonable efforts to prepare
and file with the SEC, within sixty (60) days after the Closing of the Purchase
Agreement (the “Filing Date”), a registration statement (the “Registration Statement”) on Form
SB-2 (or, if Form SB-2 is not then available to the Company, on such
appropriate form as is then available to the Company) to enable the resale of
the Registrable Shares by the Purchasers on a delayed or continuous basis under
Rule 415 of the Securities Act.  “Registrable Shares” means (a) each
Common Share and (b) each Warrant Share until the earlier of: (1) the date on
which such share has been resold or otherwise transferred pursuant to the
Registration Statement; (2) the date on which such share is transferred in
compliance with Rule 144 under the Securities Act or may be sold or transferred
pursuant to Rule 144 under the Securities Act (or any other similar provisions
then in force) without any volume or manner of sale restrictions thereunder; or
(3) the date on which such share ceases to be outstanding (whether as a result
of redemption, repurchase and cancellation or otherwise).  Prior to the filing of the Registration
Statement, the Company will provide to each Purchaser a copy of the “Selling
Shareholder” section for their review, and if no

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comments are received within three (3) days of delivery of this section,
then it will be deemed approved.

use commercial reasonable efforts, subject to
receipt of necessary information from the Purchasers, including the
Registration Statement Questionnaire, to cause the Registration Statement to
become effective within 90 days of the Filing Date (120 days if the
Registration Statement is reviewed by the SEC) (the “Effective Date Deadline”).

(c) use
commercial reasonable efforts to prepare and file with the SEC such amendments
and supplements to the Registration Statement and the Prospectus (as defined in
Section 1.3 below) used in connection therewith and take all such other actions
as may be necessary to keep the Registration Statement current and effective
for a period (the ”Registration Period”) not exceeding, with respect to the
Purchaser’s Registrable Shares, the earlier of (i) the second anniversary
of the Closing of the Purchase Agreement (provided, however, that with respect to Registrable Shares
that are Warrant Shares, the foregoing date shall be the second anniversary of
the date the related Warrant was exercised), (ii) the date on which all
Registrable Shares then held by the Purchaser may be sold or transferred in
compliance with Rule 144 under the Securities Act (or any other similar
provisions then in force) without any volume or manner of sale restrictions
thereunder, and (iii) such time as all Registrable Shares held by the
Purchaser have been sold (A) pursuant to a registration statement, (B) to or
through a broker or dealer or underwriter in a public distribution or a public
securities transaction, or (C) in a transaction exempt from the registration
and prospectus delivery requirements of the Securities Act under Section 4(1)
thereof so that all transfer restrictions and restrictive legends with respect
thereto, if any, are removed upon the consummation of such sale;

(d)           promptly furnish to the Purchaser
with respect to the Registrable Shares registered under the Registration
Statement such reasonable number of copies of the Prospectus, including any
supplements to or amendments of the Prospectus, in order to facilitate the
public sale or other disposition of all or any of the Registrable Shares by the
Purchaser;

(e)           promptly take such action as may be
necessary to qualify, or obtain, an exemption for the Registrable Shares under
such of the state securities laws of United States jurisdictions as shall be
necessary to qualify, or obtain an exemption for, the sale of the Registrable
Shares in states specified in writing by the Purchaser;  provided, however, that the
Company shall not be required to qualify to do business or consent to service
of process in any jurisdiction in which it is not now so qualified or has not
so consented;

(f)            bear
all expenses in connection with the procedures in paragraph (a) through (c) of
this Section 1.1 and the registration of the Registrable Shares pursuant
to the Registration Statement, regardless of whether a Registration Statement
becomes effective, including without limitation: (i) all registration and
filing fees and expenses (including filings made with the NASD); (ii) fees and
expenses of compliance with federal securities and state “blue sky” or
securities laws; (iii) expenses of printing (including printing certificates
for the Registrable Shares and Prospectuses); and (iv) all fees and
disbursements of counsel of the Company and independent certified public
accountants of the Company; provided,
however, that the Purchaser shall be responsible for paying the fees and
disbursements for the Purchasers’ respective counsel, the underwriting
commissions or brokerage fees, and taxes of any kind

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(including, without
limitation, transfer taxes) applicable to any disposition, sale or transfer of
the Purchaser’s Registrable Shares.  The
Company shall, in any event, bear its internal expenses (including, without
limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties); and

(g)           advise the Purchasers, within two (2)
business days by e-mail, fax or other type of communication, and, if requested
by such person, confirm such advice in writing: (i) after it shall receive
notice or obtain knowledge of the issuance of any stop order by the SEC
delaying or suspending the effectiveness of the Registration Statement or of
the initiation or threat of any proceeding for that purpose, or any other order
issued by any state securities commission or other regulatory authority
suspending the qualification or exemption from qualification of such
Registrable Shares under state securities or “blue sky” laws; and it will
promptly use its commercially reasonable efforts to prevent the issuance of any
stop order or other order or to obtain its withdrawal at the earliest possible
moment if such stop order or other order should be issued; and (ii) when the
Prospectus or any supplements to or amendments of the Prospectus have been
filed, and, with respect to the Registration Statement or any post-effective
amendment thereto, when the same has become effective.

Section 1.2             Transfer of Shares; Suspension.

(a)           The Purchaser agrees that it will not
effect any disposition of the Securities or its right to purchase the
Registrable Shares that would constitute a sale within the meaning of the
Securities Act, except as contemplated in the Registration Statement referred
to in Section 1.1 or in accordance with the Securities Act, and that it
will promptly notify the Company of any changes in the information set forth in
the Registration Statement regarding the Purchaser or its plan of distribution.

(b)           Except in the event that clause (c)
below applies, the Company shall, at all times during the Registration Period,
promptly (i) prepare and file from time to time with the SEC a
post-effective amendment to the Registration Statement or a supplement to the
related Prospectus or a supplement or amendment to any document incorporated
therein by reference or file any other required document so that such
Registration Statement will not contain an untrue statement of a material fact
or omit to state a material fact necessary to make the statements therein not
misleading, and so that, as thereafter delivered to purchasers of the
Registrable Shares being sold thereunder, such Prospectus will not contain an
untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading; (ii) provide
the Purchaser copies of any documents filed pursuant to Section 1.2(b)(i);
and (iii) inform the Purchaser that the Company has complied with its
obligations in Section 1.2(b)(i) (or that, if the Company has filed a
post-effective amendment to the Registration Statement which has not yet been
declared effective, the Company will notify the Purchaser to that effect, will
use its commercially reasonable  efforts
to secure the effectiveness of such post-effective amendment as promptly as
possible and will promptly notify the Purchaser pursuant to
Section 1.2(b)(iii) hereof when the amendment has become effective).

(c)           Subject
to clause (d) below, in the event of (i) any request by the SEC or

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any other federal or
state governmental authority during the period of effectiveness of the
Registration Statement for amendments or supplements to a Registration
Statement or related Prospectus or for additional information; (ii) the
issuance by the SEC or any other federal or state governmental authority of any
stop order suspending the effectiveness of a Registration Statement or the
initiation of any proceedings for that purpose; (iii) the receipt by the
Company of any notification with respect to the suspension of the qualification
or exemption from qualification of any of the Registrable Shares for sale in
any jurisdiction or the initiation or threatening of any proceeding for such
purpose; or (iv) any event or circumstance which necessitates the making of any
changes in the Registration Statement or Prospectus, or any document
incorporated or deemed to be incorporated therein by reference, so that, in the
case of the Registration Statement, it will not contain any untrue statement of
a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading, and that in the
case of the Prospectus, it will not contain any untrue statement of a material
fact or omit to state a material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading,
then the Company shall deliver a notice in writing to the Purchaser (the “Suspension Notice”) to the effect of
the foregoing and, upon receipt of such Suspension Notice, the Purchaser will
refrain from selling any Registrable Shares pursuant to the Registration
Statement (a “Suspension”) until
the Purchaser’s receipt of copies of a supplemented or amended Prospectus
prepared and filed by the Company, or until it is advised in writing by the
Company that the current Prospectus may be used.  In the event of any Suspension, the Company
will use its commercially reasonable efforts, consistent with the best
interests of the Company and its shareholders, to cause the use of the
Prospectus so suspended to be resumed as soon as reasonably practicable after
the delivery of a Suspension Notice to the Purchaser; provided, however,
that the Company may on two occasions only suspend sales pursuant to the
Registration Statement for a period of up to thirty (30) days if the Company
furnishes to the holders of the Registrable Shares a certificate signed by the
Company’s Chief Executive Officer stating that in the good faith judgment of
the Company’s Board of Directors, (i) the offering would interfere in any
material respect with any acquisition, corporate reorganization or other
material transaction under consideration by the Company or (ii) there is some
other material development relating to the condition (financial or other) of
the Company that has not been disclosed to the general public and as to which
it is in the Company’s best interests not to disclose such development;
provided further, however, that the Company may not so suspend sales more than
twice in any calendar year without the written consent of the holders of at
least a majority of the then-eligible Registrable Shares consisting of
outstanding shares of Common Stock.

(d)           In the event of a sale of Registrable
Shares by the Purchaser under the Registration Statement, the Purchaser must
also deliver to the Company’s transfer agent, with a copy to the Company, a
Certificate of Subsequent Sale substantially in the form attached hereto as Exhibit A, so that the Registrable
Shares may be properly transferred.

Section 1.3             Indemnification.  For the purpose of this Section 1.3, the term
“Registration Statement” shall
include any preliminary or final prospectus, exhibit, supplement or amendment
included in or relating to the Registration Statement referred to in Section
1.1 and the term “Rules and Regulations”
means the rules and regulations promulgated under the Securities Act.

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(a)   Indemnification
by the Company.  The
Company agrees to indemnify and hold harmless the Purchaser and each person, if
any, who controls the Purchaser within the meaning of the Securities Act,
against any losses, claims, damages, liabilities or expenses to which the
Purchaser or such controlling person may become subject, under the Securities
Act, the Exchange Act, or any other federal or state statutory law or
regulation insofar as such losses, claims, damages, liabilities or expenses (or
actions in respect thereof as contemplated below) arise out of or are based
upon (i) any untrue statement or alleged untrue statement of any material fact
contained in the Registration Statement, including the Prospectus, financial
statements and schedules, and all other documents filed as a part thereof, as
amended at the time of effectiveness of the Registration Statement, including
any information deemed to be a part thereof as of the time of effectiveness
pursuant to paragraph (b) of Rule 430A, or pursuant to Rule 434 of the Rules
and Regulations, or the Prospectus, in the form first filed with the Commission
pursuant to Rule 424(b) of the Regulations, or filed as part of the
Registration Statement at the time of effectiveness if no Rule 424(b) filing is
required (the “Prospectus”), or
any amendment or supplement thereto (ii) the omission or alleged omission to
state in any of them a material fact required to be stated therein or necessary
to make the statements in any of them (in the case of the Prospectus only, in
light of the circumstances under which they were made), not misleading, or
(iii) any inaccuracy in the representations and warranties of the Company
contained in this Agreement, or any failure of the Company to perform its
obligations under this Agreement, and will reimburse the Purchaser and each
such controlling person for any legal and other expenses as such expenses are
reasonably incurred by the Purchaser or such controlling person in connection
with investigating, defending, settling, compromising or paying any such loss,
claim, damage, liability, expense or action; provided, however,
that the Company will not be liable in any such case to the extent that any
such loss, claim, damage, liability or expense arises out of or is based upon
(i) an untrue statement or alleged untrue statement or omission or alleged
omission made in the Registration Statement, the Prospectus or any amendment or
supplement of the Registration Statement or Prospectus in reliance upon and in
conformity with information furnished to the Company by or on behalf of the
Purchaser expressly for use in the Registration Statement or the Prospectus, or
(ii) the failure of the Purchaser to comply with the covenants and agreements
contained in the Purchase Agreement or this Agreement, or (iii) the inaccuracy
of any representations made by the Purchaser in this Agreement or (iv) any
untrue statement or omission of a material fact in any Prospectus that is
corrected in any subsequent Prospectus that was delivered to the Purchaser
before the pertinent sale or sales by the Purchaser.

(b)   Indemnification
by the Purchaser.  The
Purchaser will indemnify and hold harmless the Company, each of its directors,
each of its officers who sign the Registration Statement and each person, if
any, who controls the Company within the meaning of the Securities Act, against
any losses, claims, damages, liabilities or expenses to which the Company, each
of its directors, each of its officers who sign the Registration Statement or
controlling person may become subject, under the Securities Act, the Exchange
Act, or any other federal or state statutory law or regulation insofar as such
losses, claims, damages, liabilities or expenses (or actions in respect thereof
as contemplated below) arise out of or are based upon (i) any failure on the
part of the Purchaser to comply with the covenants and agreements contained in
the Purchase Agreement or this Agreement or (ii) the inaccuracy of any
representation or warranty made by the Purchaser in this Agreement or (iii) any
untrue or alleged untrue statement of any material fact contained in the
Registration Statement, the Prospectus, or any amendment

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or supplement to
the Registration Statement or Prospectus, or the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to
make the statements therein (in the case of the Prospectus only, in light of
the circumstances under which they were made), not misleading, in each case to
the extent, but only to the extent, that such untrue statement or alleged
untrue statement or omission or alleged omission was made in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, in reliance
upon and in conformity with written information furnished to the Company by or
on behalf of the Purchasers expressly for use therein; provided, however,
that the Purchaser shall not be liable for any such untrue or alleged untrue
statement or omission or alleged omission of which the Purchaser has delivered
to the Company in writing a correction at least two (2) business days before
the occurrence of the transaction from which such loss was incurred, and the
Purchaser will reimburse the Company, each of its directors, each of its
officers who signed the Registration Statement or controlling person for any
legal and other expense reasonably incurred by the Company, each of its
directors, each of its officers who signed the Registration Statement or
controlling person in connection with investigating, defending, settling,
compromising or paying any such loss, claim, damage, liability, expense or
action for which such person is entitled to be indemnified in accordance with
this Section 1.3(b).

(c)   Indemnification
Procedure.

(i)    Promptly after receipt by an indemnified
party under this Section 1.3 of notice of the threat or commencement of
any action, such indemnified party will, if a claim in respect thereof is to be
made against an indemnifying party under this Section 1.3, promptly notify the
indemnifying party in writing of the claim; but the omission so to notify the
indemnifying party will not relieve it from any liability which it may have to
any indemnified party for contribution or otherwise under the indemnity
agreement contained in this Section 1.3 except to the extent it is materially
prejudiced as a result of such failure.

(ii)   In case any such action is brought against
any indemnified party and such indemnified party seeks or intends to seek
indemnity from an indemnifying party, the indemnifying party will be entitled
to participate in, and, to the extent that it may wish, jointly with all other
indemnifying parties similarly notified, to assume the defense thereof; provided,
however, if the defendants in any such action include both the
indemnified party and the indemnifying party and the indemnified party shall
have reasonably concluded that there may be a conflict between the positions of
the indemnifying party and the indemnified party in conducting the defense of
any such action or that there may be legal defenses available to it or other
indemnified parties that are different from or additional to those available to
the indemnifying party, the indemnified party or parties shall have the right
to select separate counsel to assume such legal defenses and to otherwise
participate in the defense of such action on behalf of such indemnified party
or parties.  Upon receipt of notice from
the indemnifying party to such indemnified party of its election so to assume
the defense of such action, the indemnifying party will not be liable to such
indemnified party under this Section 1.3 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof unless:

(1)   the indemnified party shall have employed
such counsel in connection with the assumption of legal defenses in accordance
with the proviso to the preceding

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sentence (it being
understood, however, that the indemnifying party shall not be liable for the
expenses of more than one separate counsel, approved by such indemnifying party
representing all of the indemnified parties who are parties to such action), or

(2)   the indemnifying party shall not have counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of commencement of action, in each
of which cases the reasonable fees and expenses of counsel shall be at the
expense of the indemnifying party.

(d)   Contribution.  If a claim for indemnification under this
Section 1.3 is unavailable to an indemnified party (by reason of public policy
or otherwise), then each indemnifying party, in lieu of indemnifying such
indemnified party, shall contribute to the amount paid or payable by such
indemnified party as a result of any losses, claims, damages, liabilities or
expenses referred to in this Agreement, in such proportion as is appropriate to
reflect the relative fault of the indemnifying party and indemnified party in
connection with the actions, statements or omissions that resulted in such
losses, claims, damages, liabilities or expenses as well as any other relevant
equitable considerations.  The relative
fault of such indemnifying party and indemnified party shall be determined by
reference to, among other things, whether any action in question, including any
untrue or alleged untrue statement of a material fact or omission or alleged
omission of a material fact, has been taken or made by, or relates to
information supplied by, such indemnifying party or indemnified party, and the
parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such action, statement or omission.  The amount paid or payable by a party as a
result of any losses, claims, damages, liabilities or expenses shall be deemed
to include, subject to the limitations set forth in this Section 1.3, any
reasonable attorneys’ or other reasonable fees or expenses incurred by such
party in connection with any proceeding to the extent such party would have
been indemnified for such fees or expenses if the indemnification provided for
in this Section was available to such party in accordance with its terms.

No party to this Agreement guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any other party to this Agreement who
was not guilty of such fraudulent misrepresentation.

Section 1.4             Termination of Conditions and Obligations.  The restrictions imposed by Article I upon
the transferability of the Registrable Shares shall cease and terminate as to
any particular number of the Registrable Shares upon the passage of two (2)
years from the Closing of the Purchase Agreement, provided, however,
that with respect to the Registrable Shares that are the Warrant Shares, the
foregoing date shall be the second anniversary of the date the relevant Warrant
was exercised, or at such time as an opinion of counsel satisfactory in form
and substance to the Company shall have been rendered to the effect that such
conditions are not necessary in order to comply with the Securities Act.

Section 1.5             Registration Default. (a) If the
Registration Statement covering  the  Registrable Shares required to be filed
by  the 
Company pursuant  to  Section 1.1 is not for any reason (other than
through the fault of the Purchaser) declared effective  by 
the  SEC  by  the
Effective Date Deadline, then the Company shall make the payments to each
Purchaser as provided in the next sentence as liquidated damages and not  as a 
penalty. The amount to be paid

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by the Company to each
Purchaser shall  be determined as of each
Computation Date (as defined below), and such 
amount shall be equal to 1% (the “Liquidated Damage Rate”) of the
product of (i) the  per  unit 
Purchase  Price  of the Units 
under  the  Purchase 
Agreement and (ii) the number of shares of Registrable Shares then  held by such Purchaser, for the period from
the Effective Date Deadline to the first Computation Date, and for each 30-day
period of any subsequent Computation Dates thereafter, in each case calculated
on a pro  rata  basis to 
the  date on which the
Registration Statement is declared effective by the SEC (the “Periodic Amount”),
subject to an overall limit of up to 15 months of partial liquidated damages.
The full Periodic Amount shall be paid by the Company to the Purchaser in cash,
or at the Company’s option, in shares of Common Stock priced at $0.30 per
share, subject to equitable adjustment of such amount in the case of the
issuance by the Company of additional shares of Common Stock for stock splits,
stock dividends, recapitalizations and other appropriate dilutive events;
provided the Periodic Amount shall be paid by the Company (if in cash by wire
transfer of immediately available funds), within  three 
business days after each Computation Date or three  business days 
after  the  date 
on  which the Registration  Statement 
is  declared effective by the SEC,
whichever occurs earlier.

(b) As  used in Section 1.5(a), “Computation Date”
means the date which is  30  days 
after  the Effective Date Deadline
and, if  the  Registration Statement  to 
be  filed by the Company pursuant
to Section 1.1 has  not theretofore been
declared effective by the SEC, each date which is 30 days after the previous
Computation Date until such Registration Statement is so declared effective.

ARTICLE
II

MISCELLANEOUS

Section 2.1             Governing Law: Jurisdiction. 
This Agreement shall be governed by and construed in accordance with the
Nevada Revised Statutes (in respect of matters of corporation law) and the laws
of the State of New York (in respect of all other matters) applicable to contracts
made and to be performed in the State of New York. The parties hereto
irrevocably consent to the jurisdiction of the United States federal courts and
state courts located in the County of New York in the State of New York in any
suit or proceeding based on or arising under this Agreement or the transactions
contemplated hereby and irrevocably agree that all claims in respect of such
suit or proceeding may be determined in such courts. The Company and each
Purchaser irrevocably waives the defense of an inconvenient forum to the
maintenance of such suit or proceeding in such forum. The Company and each
Purchaser further agrees that service of process upon the Company or such
Purchaser, as applicable, mailed by the first class mail in accordance with Section 2.6
shall be deemed in every respect effective service of process upon the Company
or such Purchaser in any suit or proceeding arising hereunder. Nothing herein
shall affect Purchaser’s right to serve process in any other manner permitted
by law.  The parties hereto agree that a
final non-appealable judgment in any such suit or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on such judgment
or in any other lawful manner.  The parties
hereto irrevocably waive any right to a trial by jury under applicable law.

Section 2.2             Counterparts.  This
Agreement may be executed in two or more counterparts, including, without
limitation, by facsimile transmission, all of which counterparts

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shall be
considered one and the same agreement and shall become effective when
counterparts have been signed by each party and delivered to each other
party.  In the event any signature page
is delivered by facsimile transmission, the party using such means of delivery
shall cause additional original executed signature pages to be delivered to the
other parties as soon as practicable thereafter.

Section 2.3             Headings.  The
headings of this Agreement are for convenience of reference and shall not form
part of, or affect the interpretation of, this Agreement.

Section 2.4             Severability.  If
any provision of this Agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Agreement or the validity or
enforceability of this Agreement in any other jurisdiction.

Section 2.5             Entire Agreement; Amendments.  This Agreement and the instruments referenced
herein contain the entire understanding of the parties with respect to the
maters covered herein and therein and, except as specifically set forth herein
or therein, neither the Company nor any Purchaser makes any representation,
warranty, covenant or undertaking with respect to such matters.  No provision of this Agreement may be waived
other than by an instrument in writing signed by the party to be charged with
enforcement and no provision of this Agreement may be amended other than by an
instrument in writing signed by the Company and each Purchaser.

Section 2.6             Notices.  Notices
shall be delivered in accordance with the Purchase Agreement.

Section 2.7             Successors and Assigns. 
This Agreement shall be binding upon and inure to the benefit of the
parties and their successors and assigns. 
Neither the Company nor any Purchaser shall assign this Agreement or any
rights or obligations hereunder without the prior written consent of the
other.  Notwithstanding the foregoing,
each Purchaser may assign its rights and obligations hereunder to any of its “affiliates,”
as that term is defined under the Securities Act, without the consent of the
Company so long as such affiliate is an accredited investor (within the meaning
of Regulation D under the Securities Act) and agrees in writing to be
bound by this Agreement.  This provision
shall not limit each Purchaser’s right to transfer the Securities pursuant to
the terms of this Agreement or to assign such Purchaser’s rights hereunder to
any such transferee.  In that regard, if
a Purchaser sells all or part of its Common Shares to someone that acquires the
shares subject to restrictions on transferability (other than restrictions, if
any, arising out of the transferee’s status as an affiliate of the Company),
such Purchaser shall be permitted to assign its rights hereunder, in whole or
in part, to such transferee.

Section 2.8             Third Party Beneficiaries. 
This Agreement is intended for the benefit of the parties hereto and
their respective permitted successors and assigns and is not for the benefit
of, nor may any provision hereof be enforced by, any other Person.

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

COMPANY:

VUBOTICS, INC.

	
  By:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:   President and Chief
  Executive Officer

  	
   

  

 

PURCHASERS:

 

	
  

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
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 10

Schedule 2

to

Registration Rights Agreement

REGISTRATION
STATEMENT QUESTIONNAIRE

To:          Vubotics, Inc.

c/o
Sichenzia Ross Friedman Ference LLP

1065
Avenue of the Americas, 21st Floor

New
York, NY 10018

Attention:  Darrin M. Ocasio,
Esq.

Facsimile: (212)
930-9725

Reference is made to
the Registration Rights Agreement (the “Agreement”),
made between Vubotics, Inc., a Nevada corporation (the “Company”), and the Purchasers noted therein.

The undersigned hereby furnishes to the Company the
following information for use by the Company in connection with the preparation
of the Registration Statement contemplated by Section 1 of the Agreement.

(1)           Name
and Contact Information:

	
  Full legal name of record
  holder:

  	
   

  
	
   

  	
   

  
	
  Address of record
  holder:

  	
   

  
	
   

  	
   

  
	
  Social Security Number
  or Taxpayer identification number of record holder:

  	
   

  
	
   

  	
   

  
	
  Identity of beneficial
  owner (if different than record holder):

  	
   

  
	
   

  	
   

  
	
  Name of contact person:

  	
   

  
	
   

  	
   

  
	
  Telephone number of
  contact person:

  	
   

  
	
   

  	
   

  
	
  Fax number of contact
  person:

  	
   

  
	
   

  	
   

  
	
  E-mail address of contact
  person:

  	
   

  

 

(2)           Beneficial
Ownership of Registrable Shares:

	
  (a)   Number
  of Registrable Shares owned by Selling Shareholder:

  
	
   

  
	
   

  
	
   

  
	
  (b)   Number
  of Registrable Shares requested to be registered:

  
	
   

  

(3)                                Beneficial
Ownership of Other Securities of the Company Owned by the Selling Shareholder:

	
  Except as set forth below in
  this Item (3), the undersigned is not the beneficial or registered owner of
  any securities of the Company other than the Registrable Shares listed above
  in Item (2)(a).

  
	
   

  
	
  Type and amount of
  other securities beneficially owned by the Selling Shareholder:

  
	
   

  
	
   

  

(4)           Relationships with the Company:

	
  Except as set forth below,
  neither the undersigned nor any of its affiliates,officers, directors or
  principal equity holders (5% or more) has held any position or office or has
  had any other material relationship with the Company (or its predecessors or
  affiliates) during the past three years.

  
	
   

  
	
  State any exceptions
  here:

   

  
	
   

  

 (5)          Selling
Shareholder Affiliations:

	
  (a)   Is the
  Selling Shareholder a registered broker-dealer?

  
	
   

  
	
   

  
	
   

  
	
  (b)   Is
  the Selling Shareholder an affiliate of a registered broker-dealer(s)?(For
  purposes of this response, an “affiliate” of, or person “affiliated” with, a
  specified person, is a person that directly, or indirectly through one or
  more intermediaries, controls or is controlled by, or is under common control
  with, the person specified.)

  

 

 2
 

 

 

	
  (c)   If the
  answer to Item (6)(b) is yes, identify the registered broker-dealer(s) and
  describe the nature of the affiliation(s):

  
	
   

  
	
   

  
	
  (d)   If
  the answer to Item (6)(b) is yes, did the Selling Shareholder acquire the
  Registrable Shares in the ordinary course of business (if not, please
  explain)?

  
	
   

  
	
   

  
	
  (e)   If
  the answer to Item (6)(b) is yes, did the Selling Shareholder, at the time of
  purchase of the Registrable Shares, have any agreements, plans or
  understandings, directly or indirectly, with any person to distribute the
  Registrable Shares (if yes, please explain)?

   

   

  

 

(6)                                 Voting
or Investment Control over the Registrable Shares:

	
  If the Selling Shareholder
  is not a natural person, please identify the natural person or persons who
  have voting or investment control over the Registrable Shares listed in Item
  (2) above:

  
	
   

  

 

Pursuant to the
Agreement, the undersigned acknowledges that the Company may, by notice to the
Placement Agent, suspend or withdraw the Registration Statement and require that
the undersigned immediately cease sales of Registrable Shares pursuant to the
Registration Statement under certain circumstances described in the
Agreement.  At any time that such notice
has been given, the undersigned may not sell Registrable Shares pursuant to the
Registration Statement.

By signing below, the
undersigned consents to the disclosure of the information contained herein in
its answers to Items (1) through (6) above and the inclusion of such
information in the Registration Statement, any amendments thereto and the
related prospectus.  The undersigned
understands that such information will be relied upon by the Company in
connection with the preparation or amendment of the Registration Statement and
the related prospectus.

The
undersigned has reviewed the answers to the above questions and affirms that
the same are true, complete and accurate. 
THE UNDERSIGNED AGREES TO NOTIFY THE COMPANY IMMEDIATELY OF ANY CHANGES
IN THE FOREGOING INFORMATION.

 3
 

 

 

	
  

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature of Record Holder

  (Please sign your name in exactly the same

  manner as the certificate(s) for the shares being

  registered)

  
	
   

  	
   

  	
   

  
	
  Dated:                          ,
  2006

  	
   

  	
   

  

 

 4

 

Exhibit
A

CERTIFICATE
OF SUBSEQUENT SALE

Standard Registrar
and Transfer Company, Inc.

12528 South 1840
East

Draper,
Utah 84020

	
  

  	
   

  	
  RE:

  	
   

  	
  Sale of Shares of Common Stock of Vubotics, Inc.
  (the “Company”) pursuant to
  the Company’s Prospectus dated
                       
  (the “Prospectus”)

  

 

Ladies and
Gentlemen:

The undersigned hereby
certifies, in connection with the sale of shares of Common Stock of the Company
included in the table of Selling Stockholders in the Prospectus, that the
undersigned has sold the shares pursuant to the Prospectus and in a manner
described under the caption “Plan of
Distribution” in the Prospectus and that such sale complies with all
applicable securities laws, including, without limitation, the Prospectus
delivery requirements of the Securities Act of 1933, as amended.

	
  Selling Stockholder (the beneficial owner):

  	
   

  
	
  Record Holder (e.g., if held in name of nominee):

  	
   

  
	
  Restricted Stock Certificate No.(s):

  	
   

  
	
  Number of Shares Sold:

  	
   

  
	
  Date of Sale:

  	
   

  

 

In the event that you
receive a stock certificate(s) representing more shares of Common Stock than
have been sold by the undersigned, then you should return to the undersigned a
newly issued certificate for such excess shares in the name of the Record
Holder and BEARING A RESTRICTIVE LEGEND.  Further, you should place a stop transfer on
your records with regard to such certificate.

	
  Very truly yours,

  
	
   

  
	
   

  
	
  Dated:

  	
   

  	
   

  
	
   

  
	
   

  
	
  By:

  
	
  Print Name:

  
	
  Title:

  
	
  cc:Exhibit
10.3

OWENS BROKERAGE, LTD.

Commercial &
Investment Properties

Property
Management

LEASE
EXTENSION - ANNEX SPACE

This Rider Amends that
original Lease dated June 1, 2003 between Kenilworth Systems Inc. [Tenant]
and Nassau County P.B.A. [Landlord] for tenancy at 185 Willis Avenue — Mineola,
N.Y...[second floor].

This Rider is effective August 1, 2003 until May 31, 2006
and applies directly to the annexed space adjacent to the original Lease
premises.

All terms and
requirements of the aforementioned Lease prevail throughout this additional
period.  Consolidated rental for both suites will be $2,500.00 per
month.  This includes four percent
annual rental increase as well as proportionate taxes over the
base year.

Security
will increase to a total of $4,255.00.  Two months for the original space
and one month for the additional space.

	
  ACCEPTED:

  	
   

  	
  /s/ Herbert Lindo, President

  	
   

  	
  DATED:

  	
   

  	
  August 12, 2003

  
	
   

  	
   

  	
  KENILWORTH SYSTEMS INC {TENANT}

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACCEPTED:

  	
   

  	
  /s/ Pete Owens, Agent for Landlord

  	
   

  	
  DATED:

  	
   

  	
  August 12, 2003

  
	
   

  	
   

  	
  NASSAU COUNTY P>B>A> {LANDLORD}

  	
   

  	
   

  	
   

  	
   

  

 

499 Jericho Tpke. *
Mineola, New York 11501

Tel: 516-294-0010 *
1-888-303-3847 * Fax: 516-294-1278

www.owensbrokerage.com

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