Document:

Exhibit
10.6

     

    FOURTH RATIFICATION
AGREEMENT

    

    THIS FOURTH RATIFICATION AGREEMENT
(hereinafter, this “Agreement”) made this 29th day
of September, 2010 by and among:

    

    YA GLOBAL INVESTMENTS,
L.P., f/k/a
Cornell Capital Partners, LP (the “Lender”), a Cayman Island
exempt limited partnership with offices located at 101 Hudson Street Suite 3700,
Jersey City, New Jersey 07302; and

    

    NEOMEDIA TECHNOLOGIES, INC.
(the “Borrower”),
a Delaware corporation with its principal office located at Two Concourse
Parkway, Suite 500, Atlanta, Georgia 30328 and whose fax number is (678)
638-0466.

    

    Background

    

    Reference
is made to certain financing arrangements entered into by and between the
Borrower and certain of its former and/or current subsidiaries (collectively,
the “Obligors”) and the
Lender, evidenced by, among other things, the documents, instruments, and
agreements listed on Schedule
“1” 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”).

    

    The
Borrower has represented to the Lender that it requires short term financing for
working capital.  In connection therewith, the Borrower has requested
that the Lender make an additional financial accommodation to the Borrower in
the amount of $400,000.00 to fund ongoing business operations, which financial
accommodation shall be evidenced by, among other documents, instruments,
and agreements, a certain Secured Convertible Debenture of even date herewith
issued by the Borrower in favor of the Lender (the “New Debenture”, and
collectively, together with this Agreement, the Existing Financing Documents,
the Related Documents (as defined herein) and all other documents, instruments,
and agreements executed in connection therewith or related thereto, the “Financing
Documents”).  The Lender has agreed to make such an additional
financial accommodation to the Obligors but only upon the condition, among
others, that the Borrower enter into this Agreement with the
Lender.

    

    Accordingly,
for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, it is hereby agreed by and between the Borrower and the
Lender as follows:

    

    Acknowledgment of
Indebtedness

    

    
      	
              1.

            	
              The
      Borrower hereby acknowledges and agrees that it is liable to the Lender as
      follows:

            

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                a.

                              	
                                Owed
      under the CCP-1 Debenture as of October 28, 2010:

                              	 
	 
      	 
      	 	 	 
	 
      	
                                Principal

                              	 	$	5,000,000.00	 
	 
      	
                                Interest

                              	 	$	1,789,003.82	 
	 
      	
                                Total        

                              	 	$	6,789,003.82	 
	 
      	 
      	 	 	 	 
	
                                b.

                              	
                                Owed
      under the CCP-2 Debenture as of October 28, 2010:

                              	 
	 
      	 
      	 	 	 	 
	 
      	
                                Principal

                              	 	$	2,500,000.00	 
	 
      	
                                Interest

                              	 	$	895,710.11	 
	 
      	
                                Total        

                              	 	$	3,395,710.11	 

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  	
                                                                          c.

                                                                        	
                                                                          Owed
      under the NEOM-4-1 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	7,458,651.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	3,485,335.66	 
	 
      	
                                                                          Total        

                                                                        	 	$	10,943,986.66	 
	 
      	 
      	 	 	 	 
	
                                                                          d.

                                                                        	
                                                                          Owed
      under the NEOM-1-1 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	1,775,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	789,072.61	 
	 
      	
                                                                          Total        

                                                                        	 	$	2,584,072.61	 
	 
      	 
      	 	 	 	 
	
                                                                          e.

                                                                        	
                                                                          Owed
      under the NEOM-2008-1 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	390,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	151,450.00	 
	 
      	
                                                                                      Total        

                                                                        	 	$	541,450.00	 
	 
      	 
      	 	 	 	 
	
                                                                          f.

                                                                        	
                                                                          Owed
      under the NEOM-2008-2 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	500,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	186,666.67	 
	 
      	
                                                                          Total        

                                                                        	 	$	686,666.67	 
	 
      	 
      	 	 	 	 
	
                                                                          g.

                                                                        	
                                                                          Owed
      under the NEOM-2008-3 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	790,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	290,654.71	 
	 
      	
                                                                          Total        

                                                                        	 	$	1,080,654.71	 
	 
      	 
      	 	 	 	 
	
                                                                          h.

                                                                        	
                                                                          Owed
      under the NEOM-2008-4 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	137,750.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	48,269.90	 
	 
      	
                                                                          Total        

                                                                        	 	$	186,019.90	 
	 
      	 
      	 	 	 	 
	
                                                                          i.

                                                                        	
                                                                          Owed
      under the NEOM-9-1 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	2,325,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	734,976.03	 
	 
      	
                                                                          Total        

                                                                        	 	$	3,059,976.03	 
	 
      	 
      	 	 	 	 
	
                                                                          j.

                                                                        	
                                                                          Owed
      under the NEOM-9-2 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	2,325,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	652,696.86	 
	 
      	
                                                                          Total        

                                                                        	 	$	2,977,696.86	 
	 
      	 
      	 	 	 	 
	
                                                                          k.

                                                                        	
                                                                          Owed
      under the NEOM-9-4 Debenture as of October 28, 2010:

                                                                        	 
	 
      	 
      	 	 	 	 
	 
      	
                                                                          Principal

                                                                        	 	$	294,000.00	 
	 
      	
                                                                          Interest

                                                                        	 	$	83,730.89	 
	 
      	
                                                                          Total        

                                                                        	 	$	377,730.89	 

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    
 

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              	
                                                      l.

                                                    	
                                                      Owed
      under the NEOM-9-5 Debenture as of October 28, 2010:

                                                    	 
	 
      	 
      	 	 	 
	 
      	
                                                      Principal

                                                    	 	$	715,000.00	 
	 
      	
                                                      Interest

                                                    	 	$	140,974.17	 
	 
      	
                                                      Total        

                                                    	 	$	855,974.17	 
	 
      	 
      	 	 	 	 
	
                                                      m.

                                                    	
                                                      Owed
      under the NEOM-9-6 Debenture as of October 28, 2010:

                                                    	 
	 
      	 
      	 	 	 	 
	 
      	
                                                      Principal

                                                    	 	$	535,000.00	 
	 
      	
                                                      Interest

                                                    	 	$	97,994.17	 
	 
      	
                                                      Total        

                                                    	 	$	632,994.17	 
	 
      	 
      	 	 	 	 
	
                                                      n.

                                                    	
                                                      Owed
      under the NEOM-9-7 Debenture as of October 28, 2010:

                                                    	 
	 
      	 
      	 	 	 	 
	 
      	
                                                      Principal

                                                    	 	$	475,000.00	 
	 
      	
                                                      Interest

                                                    	 	$	81,462.50	 
	 
      	
                                                      Total        

                                                    	 	$	556,462.50	 
	 
      	 
      	 	 	 	 
	
                                                      o.

                                                    	
                                                      Owed
      under the NEOM-10-1 Debenture as of October 28, 2010:

                                                    	 
	 
      	 
      	 	 	 	 
	 
      	
                                                      Principal

                                                    	 	$	2,006,137.04	 
	 
      	
                                                      Interest

                                                    	 	$	118,499.49	 
	 
      	
                                                      Total        

                                                    	 	$	2,124,636.53	 
	 
      	 
      	 	 	 	 
	
                                                      p.

                                                    	
                                                      Owed
      under the NEOM-10-2 Debenture as of October 28, 2010:

                                                    	 
	 
      	 
      	 	 	 	 
	 
      	
                                                      Principal

                                                    	 	$	550,000.00	 
	 
      	
                                                      Interest

                                                    	 	$	16,243.84	 
	 
      	
                                                      Total        

                                                    	 	$	566,243.84	 
	 
      	 
      	 	 	 	 
	
                                                      q.

                                                    	
                                                      Owed
      under the NEOM-10-3 Debenture as of October 28, 2010:

                                                    	 
	 
      	 
      	 	 	 	 
	 
      	
                                                      Principal

                                                    	 	$	475,000.00	 
	 
      	
                                                      Interest

                                                    	 	$	5,465.75	 
	 
      	
                                                              Total        

                                                    	 	$	480,465.75	 

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      	
               
      

            	
              r.

            	
              For
      all interest accruing from and after October 28, 2010 due under the
      above-referenced debentures and notes, and for all fees, late charges,
      redemption premiums, liquidated damages, costs, expenses, and costs of
      collection (including attorneys’ fees and expenses) and other amounts,
      heretofore or hereafter accrued or coming due or incurred by the Lender in
      connection with the protection, preservation, or enforcement of its rights
      and remedies under the Financing Documents (including, without limitation,
      the preparation and negotiation of this Agreement). Hereinafter, all
      amounts due as set forth in this Paragraph , and all amounts hereafter
      owed or due under the New Debenture and/or the other Financing Documents
      shall be referred to collectively as the
  “Obligations”.

            

    

     

    Waiver of
Claims

    

    
      	
              2.

            	
              The
      Borrower, for itself and on behalf of any other Obligors, hereby
      acknowledges and agrees that none of the Obligors have any offsets,
      defenses, claims, or counterclaims against the Lender, its general
      partner, and its investment manager, and each of their respective agents,
      servants, attorneys, advisors, officers, directors, employees, affiliates,
      partners, members, managers, predecessors, successors, and assigns (singly
      and collectively, as the “Released Parties”), with respect to the
      Obligations, the Financing Documents, the transactions set forth or
      otherwise contemplated in this Agreement, or otherwise, and that if the
      Obligors now have, or ever did have, any offsets, defenses, claims, or
      counterclaims against any of the Released Parties, whether known or
      unknown, at law or in equity, from the beginning of the world through this
      date and through the time of execution of this Agreement, all of them are
      hereby expressly WAIVED, and the Obligors each hereby RELEASE each of the
      Released Parties from any and all liability
  therefor.

            

    

    
 

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    Ratification of Financing
Documents; Confirmation of Collateral; Cross-Default;

    Cross-Collateralization;
Further Assurances

    

    
      	
              3.

            	
              The
      Borrower:

            

    

     

    
      	
               
      

            	
              a.

            	
              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;

            

    

     

    
      	
               
      

            	
              b.

            	
              Hereby
      ratifies, confirms, and reaffirms that (i) the obligations secured by the
      Financing Documents include, without limitation, the Obligations, and any
      future modifications, amendments, substitutions, or renewals thereof, (ii)
      all collateral, whether now existing or hereafter acquired, granted to the
      Lender 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) subject to the provisions of Paragraph 6,
      below, 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
      Borrower that all of the Obligations be fully cross-collateralized,
      cross-guaranteed, and
cross-defaulted;

            

    

     

    
      	
               
      

            	
              c.

            	
              Has
      previously granted the Lender security interests in all of its assets, and
      to confirm the same the Borrower hereby grants the Lender 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;

            

    

     

    
      	
               
      

            	
              d.

            	
              Shall,
      from and after the execution of this Agreement, execute and deliver to the
      Lender whatever additional documents, instruments, and agreements that the
      Lender 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 Lender and/or to otherwise give effect to the terms
      and conditions of this Agreement and/or the Related Documents, and hereby
      irrevocably authorizes the Lender 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 Lender deems necessary to perfect or evidence the Lender’s
      security interests and liens in any such collateral;
  and

            

    

     

    
      	
               
      

            	
              e.

            	
              Acknowledges
      and agrees that this Agreement shall constitute an authenticated record as
      such term is defined in the Uniform Commercial
  Code.

            

    

     

    
      	
               
      

            	
              f.

            	
              In
      accordance with Section 6.17 of the Security Agreement dated as of July
      29, 2008 (the “2008 Security
      Agreement”) entered into by and between the  Borrower and the
      Lender, and Section 7(f) hereof, hereby grants the Lender a security
      interest in all of Borrower’s rights arising from, in connection with, or
      relating to any commercial tort claims listed on Schedule 2 hereto, and
      all judgments, proceeds, products, and awards related to the foregoing
      (collectively, the “Tort Claims”). 
      The Borrower acknowledges and agrees that the Tort Claims constitutes
      Pledged Property (as defined in the 2008 Security Agreement) and secures
      all of the Obligations, including those pursuant to the New
      Debenture.

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      Conditions
Precedent

    

     

    
      	
              4.

            	
              The
      Lender’s agreements hereunder as contemplated herein shall not be
      effective unless and until each of the following conditions precedent have
      been fulfilled, pursuant to documentation in form and substance
      satisfactory to the Lender in all respects, all as determined by the
      Lender in its sole and exclusive
discretion:

            

    

     

    
      	
               
      

            	
              a.

            	
              The
      Lender shall have received such lien searches and other evidence as the
      Lender may require to confirm that the Lender’s liens and security
      interests in the collateral pledged by the Obligors remain duly perfected,
      first priority security interests, subject only to such liens and security
      interests granted in favor of the
Lender;

            

    

     

    
      	
               
      

            	
              b.

            	
              The
      Borrower shall have (i) executed and delivered to the Lender all
      documents, instruments, and agreements required by the Lender in
      connection with the New Debenture in a form and substance acceptable to
      the Lender in all respects; and (ii) satisfied all conditions precedent to
      the effectiveness thereof in a manner satisfactory to the Lender in all
      respects;

            

    

     

    
      	
               
      

            	
              c.

            	
              The
      Obligors shall have paid to the Lender’s investment manager, Yorkville
      Advisors, LLC, a commitment and structuring fee in the amount of
      $25,000.00 in good and collected funds in accordance with the closing
      statement attached hereto as Exhibit
      “A”;

            

    

     

    
      	
               
      

            	
              d.

            	
              The
      Borrower shall have taken any and all actions necessary to perfect and
      further perfect the Lender’s security interest in the Borrower’s
      intellectual property, including without limitation, obtaining, executing
      and/or filing any documents, instruments, or agreements necessary to
      perfect or vest title to all patents and patent applications set forth in
      the Financing Documents in the name of the Borrower, and to perfect the
      Lender’s security interests in all of the Borrower’s intellectual
      property, including without limitation, patents and patent
      applications.

            

    

     

    
      	
               
      

            	
              e.

            	
              All
      action on the part of the Borrower necessary for the valid execution,
      delivery and performance by the Borrower of this Agreement shall have been
      duly and effectively taken and evidence thereof, including, without
      limitation, an opinion of the Borrower’s counsel, satisfactory to the
      Lender in all respects shall have been provided to the Lender;
      and

            

    

     

    
      	
               
      

            	
              f.

            	
              This
      Agreement, and all documents, instruments, and agreements required in
      connection with, related to, or contemplated by this Agreement
      (collectively, the “Related Documents”), shall be executed and delivered
      to the Lender by the parties thereto, shall be in full force and effect
      and shall be form and substance satisfactory to the
  Lender.

            

    

     

    New Loan

     

    
      	
              5.

            	
              The
      Borrower has requested that the Lender make a short-term loan in the
      original principal amount of $400,000.00 (the “New Loan”) to fund ongoing
      business operations.  Upon the satisfaction of all of the
      conditions precedent set forth in Paragraph 4 of
      this Agreement, as determined by the Lender in the Lender’s sole and
      exclusive discretion, and subject to the terms and conditions of the New
      Debenture and the Related Documents, the New Loan shall (a) be made by the
      Lender in accordance with the terms and conditions of the New Debenture
      and the other Financing Documents, (b) constitute a portion of the
      Obligations, and (c) be secured by all of the collateral granted to the
      Lender by the Obligors.  The Borrower hereby acknowledges and
      agrees that (x) the New Loan is a single, one time loan, (y) by making the
      New Loan the Lender is not agreeing to make any further loans in the
      future, and (z) will be repaid in full on or before July 29,
      2012.

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    Provision Regarding Events
of Default Under The Financing Documents

     

    
      	
              6.

            	
              The
      Lender hereby agrees that from and after the execution of this Agreement,
      the breach of, or failure to comply with, a provision of the Financing
      Documents by the Borrower shall not constitute an event of default under
      the Financing Documents unless and until the Lender declares such breach
      or failure to comply to be an event of default in a written notice sent to
      the Borrower by facsimile and at the address set forth in this Agreement
      by nationally-recognized overnight delivery service (i.e., Federal
      Express, UPS), provided, however, that
      (a) such declaration shall be effective upon the delivery of the notice to
      such overnight delivery service and shall not require proof that the
      Borrower received the same, and (b) no such declaration or notice shall be
      required with respect to any breach or default occurring as a result of,
      or in the nature of, a bankruptcy of the Borrower or any similar
      insolvency proceeding or action (including, without limitation, any
      assignment for the benefit of creditors, composition, reorganization, or
      the like) filed by or against the Borrower, each of which shall be an
      immediate event of default.

            

    

     

    Representations, Warranties,
and Covenants

     

    
      	
              7.

            	
              The
      Borrower hereby represents, warrants, and covenants to the Lender as
      follows:

            

    

     

    
      	
               
      

            	
              a.

            	
              The
      execution and delivery of this Agreement and the other Financing Documents
      by the Borrower and the performance by the Borrower of its obligations and
      agreements under this Agreement and the other Financing Documents are
      within the authority of the Borrower, have been duly authorized by all
      necessary corporate proceedings on behalf of the Borrower, and do not and
      will not contravene any provision of law, statute, rule or regulation to
      which the Borrower is subject or, if applicable, any charter, other
      organization papers, by-laws, or any stock provision or any amendment
      thereof or of any agreement or other instrument binding upon the
      Borrower.

            

    

     

    
      	
               
      

            	
              b.

            	
              This
      Agreement and the other Financing Documents constitute legal, valid, and
      binding obligations of the Borrower, enforceable in accordance with their
      respective terms.

            

    

     

    
      	
               
      

            	
              c.

            	
              No
      approval or consent of, or filing with, any governmental agency or
      authority is required to make valid and legally binding the execution,
      delivery or performance by the Borrower of this Agreement or the other
      Financing Documents.

            

    

     

    
      	
               
      

            	
              d.

            	
              The
      Borrower has performed and complied in all material respects with all
      terms and conditions herein required to be performed or complied with by
      the Borrower prior to or at the time hereof, and as of the date hereof, no
      default or event of default has occurred and is continuing under any of
      the Financing Documents.

            

    

     

    
      	
               
      

            	
              e.

            	
              The
      representations and warranties contained in the Financing Documents were
      true and correct in all material respects at and as of the date made and
      are true and correct as of the date hereof, except to the extent of
      changes resulting from transactions specifically contemplated or
      specifically permitted by this Agreement and the other Financing
      Documents, changes which have been disclosed in writing to the Lender on
      or prior to the date hereof and changes occurring in the ordinary course
      of business that singly or in the aggregate are not materially adverse,
      and except to the extent that such representations and warranties relate
      expressly to an earlier date.

            

    

     

    
      	
               
      

            	
              f.

            	
              The
      Borrower currently has no commercial tort claims (as such term is defined
      in the Uniform Commercial Code) and hereby covenants and agrees that in
      the event the Borrower shall hereafter hold or acquire a commercial tort
      claim, the Borrower shall immediately notify the Lender of the particulars
      of such claim in writing and shall grant to the Lender a security interest
      therein and in the proceeds thereof, upon such terms and documentation as
      may be satisfactory to the Lender.

            

    

     

    
      	
               
      

            	
              g.

            	
              The
      Borrower has read and understands each of the terms and conditions of this
      Agreement and the other Financing Documents and that it is entering into
      this Agreement and the other Financing Documents freely and voluntarily,
      without duress, after having had an opportunity for consultation with
      independent counsel of its own selection, and not in reliance upon any
      representations, warranties, or agreements made by the Lender and not set
      forth in this Agreement or the other Financing
  Documents.

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              h.

            	
              The
      Borrower acknowledges and agrees that nothing contained in this Agreement
      or the Related Documents shall be deemed to constitute (a) a waiver of any
      defaults or events of default now existing or hereafter arising, or any
      events that, but for the passage of time or the giving of notice, would
      constitute defaults or events of default, (b) an agreement to forbear by
      the Lender with respect to such defaults or events of default, or (c)
      except as expressly set forth herein, an amendment, modification,
      extension, or waiver of any of the terms of the Financing Documents or of
      any of the Lender’s rights and remedies
  thereunder.

            

    

     

    
      	
               
      

            	
              i.

            	
              NeoMedia
      Migration, Inc. (“Migration”) is a wholly owned subsidiary of the Borrower
      which has no assets, employees, or operations and which the Borrower
      intends to dissolve upon completion and filing of Migration’s final tax
      return. The Borrower hereby covenants and agrees that Migration shall have
      no assets, employees, or operations going forward and that the Borrower
      will not transfer, or cause the transfer of, any assets to Migration, or
      allow or cause Migration to have any employees or business operations
      hereafter.  The Borrower specifically acknowledges and agrees
      that the Lender is relying upon this provision in determining to enter
      into this Agreement.

            

    

     

    
      	
               
      

            	
              j.

            	
              The
      Borrower shall not, and shall not permit or direct any of the other
      Obligors to license, transfer, assign, or otherwise divest their interest
      in their respective assets, including without limitation, patents and
      patent applications, without the prior written consent of the Lender,
      which consent may be granted or withheld in the Lender’s sole and
      exclusive discretion.

            

    

     

    Costs of
Collection

    

    
      	
              8.

            	
              The
      Borrower shall reimburse the Lender on demand for any and all unreimbursed
      costs, expenses, and costs of collection (including attorneys’ fees and
      expenses) heretofore or hereafter incurred by the Lender in connection
      with the protection, preservation, and enforcement by the Lender of its
      rights and remedies under the Financing Documents, the Related Documents,
      and/or this Agreement, including, without limitation, the negotiation and
      preparation of this Agreement and the Related Documents, and/or any
      matters related thereto.

            

    

     

    Waiver of Jury
Trial

    

    
      	
              9.

            	
              The
      Borrower and the Lender hereby make the following waiver knowingly,
      voluntarily, and intentionally, and understand that the other, in entering
      into this Agreement, is relying on such a waiver:  THE BORROWER
      AND THE LENDER EACH HEREBY IRREVOCABLY WAIVE ANY PRESENT OR FUTURE RIGHT
      TO A JURY IN ANY TRIAL OF ANY CASE OR CONTROVERSY IN WHICH THE OTHER
      BECOMES A PARTY (WHETHER SUCH CASE OR CONTROVERSY IS INITIATED BY OR
      AGAINST SUCH PARTY OR IN WHICH SUCH PARTY IS JOINED AS A PARTY LITIGANT),
      WHICH CASE OR CONTROVERSY ARISES OUT OF, OR IS IN RESPECT OF, ANY
      RELATIONSHIP BETWEEN THE OBLIGORS, OR ANY OTHER PERSON, AND THE
      LENDER.

            

    

     

    
      Credit
Bidding

    

     

    
      	
              10.

            	
              The
      Borrower hereby acknowledges and agrees, in further consideration for the
      Lender entering into this Agreement, that the Lender shall be permitted to
      credit bid the Obligations at any auction and/or other sale, including
      without limitation, at any auction and/or other sale or disposition
      conducted under or in connection with any of the sections or chapters of
      the Bankruptcy Code, 11 U.S.C. §101 et seq. (the
      “Bankruptcy Code”).  The Borrower hereby acknowledges and agrees
      that this provision is a material inducement to the Lender entering into
      this Agreement.  The Lender, in turn, acknowledges that this
      paragraph shall not be construed as a restriction or prohibition on any
      Borrower’s right to file any voluntary petition or make application for or
      seek relief or protection under the Bankruptcy Code.  The
      Borrower acknowledges and agrees that the agreements as set forth in this
      Paragraph shall survive expiration and/or termination of this
      Agreement.

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    Consent to
Jurisdiction

     

    
      	
              11.

            	
              The
      Borrower agrees that any legal action, proceeding, case, or controversy
      against the Borrower with respect to the Financing Documents or this
      Agreement may be brought in the state court or the United States District
      Court having jurisdiction in Jersey City, New Jersey (each a “Court”), as
      the Lender may elect in the Lender’s sole discretion.  By
      execution and delivery of this Agreement, the Borrower, for itself, and in
      respect of its property, accepts, submits, and consents generally and
      unconditionally, to the jurisdiction of the aforesaid
      courts.  The Borrower further
hereby:

            

    

     

    
      	
               
      

            	
              a.

            	
              WAIVES
      personal service of any and all process upon it, and irrevocably consents
      to the service of process out of any of the aforementioned courts in any
      such action or proceeding by the mailing of copies thereof by certified
      mail, postage prepaid, to the Borrower at its addresses as specified
      herein, such service to become effective five (5) days after such
      mailing.

            

    

     

    
      	
               
      

            	
              b.

            	
              WAIVES
      any objection based on forum non conveniens and any
      objection to venue of any action or proceeding instituted under the
      Financing Documents or this Agreement and consents to the granting of such
      legal or equitable remedy as is deemed appropriate by a
    Court.

            

    

     

    
      	
               
      

            	
              c.

            	
              Agrees
      that any action or proceeding commenced by the Borrower asserting any
      claim arising under or in connection with the Financing Documents or this
      Agreement shall be brought solely in a state court or the United States
      District Court having jurisdiction in Jersey City, New Jersey, and that
      such Courts shall have exclusive jurisdiction with respect to any such
      action instituted by the Borrower.

            

    

     

    
      	
               
      

            	
              d.

            	
              Agrees
      that any voluntary petition or application filed by the Borrower seeking
      relief or protection under the Bankruptcy Code shall be filed in a United
      States Bankruptcy Court for the District of Florida, a United States
      Bankruptcy Court for the District of Georgia, or a United States
      Bankruptcy Court for the District of Nevada, and that if the Borrower
      files a petition or application for relief in any other jurisdiction, the
      Lender shall have the right, in its sole and exclusive discretion, to
      transfer any such proceeding to one of the foregoing courts that has
      jurisdiction over the Borrower under the Bankruptcy
  Code.

            

    

     

    
      	
               
      

            	
              e.

            	
              Agree
      that nothing herein shall affect the right of the Lender to bring legal
      actions or proceedings in any other competent
  jurisdiction.

            

    

     

    
      Non-Interference

    

     

    
      	
              12.

            	
              From
      and after the date hereof, the Borrower
agrees:

            

    

     

    
      	
               
      

            	
              a.

            	
              Not
      to interfere with the exercise by the Lender of any of its rights and
      remedies under this Agreement, the Related Documents, the Financing
      Documents, and/or applicable law;

            

    

     

    
      	
               
      

            	
              b.

            	
              The
      Borrower shall not seek to distrain or otherwise hinder, delay, or impair
      the Lender’s efforts to realize upon any collateral or otherwise to
      enforce its rights and remedies pursuant to this Agreement, the Related
      Documents, the Financing Documents, and/or applicable law, and shall at
      all times cooperate with the Lender’s exercise of its rights and remedies
      under this Agreement, the Related Documents, the Financing Documents,
      and/or applicable law; and

            

    

     

    
      	
               
      

            	
              c.

            	
              The
      provisions of this Paragraph shall be specifically enforceable by the
      Lender.

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    Entire
Agreement

     

    
      	
              13.

            	
              This
      Agreement shall be binding upon the Borrower and the Borrower’s employees,
      representatives, successors, and assigns, and shall inure to the benefit
      of the Lender and the Lender’s successors and assigns.  This
      Agreement and the other Financing Documents incorporate all of the
      discussions and negotiations between the Borrower and the Lender, either
      express or implied, concerning the matters included herein and in such
      other documents, instruments, and agreements, any statute, custom, or
      usage to the contrary notwithstanding.  No such discussions or
      negotiations shall limit, modify, or otherwise affect the provisions
      hereof.  No modification, amendment, or waiver of any provision
      of this Agreement, or any provision of any other document, instrument, or
      agreement between the Obligors, or any one of them, and the Lender shall
      be effective unless executed in writing by the party to be charged with
      such modification, amendment, or waiver, and if such party be the Lender,
      then by a duly authorized representative
  thereof.

            

    

     

    Construction of
Agreement

    

    
      	
              14.

            	
              In
      connection with the interpretation of this Agreement and the other
      Financing Documents:

            

    

     

    
      	
               
      

            	
              a.

            	
              All
      rights and obligations hereunder and thereunder, including matters of
      construction, validity, and performance, shall be governed by and
      construed in accordance with the law of the State of New Jersey and are
      intended to take effect as sealed
instruments.

            

    

     

    
      	
               
      

            	
              b.

            	
              The
      captions of this Agreement are for convenience purposes only, and shall
      not be used in construing the intent of the Lender and the Borrower under
      this Agreement.

            

    

     

    
      	
               
      

            	
              c.

            	
              In
      the event of any inconsistency between the provisions of this Agreement
      and any other document, instrument, or agreement entered into by and
      between the Lender and the Borrower, the provisions of this Agreement
      shall govern and control.

            

    

     

    
      	
               
      

            	
              d.

            	
              The
      Lender and the Borrower have prepared this Agreement and the other
      Financing Documents with the aid and assistance of their respective
      counsel.  Accordingly, all of them shall be deemed to have been
      drafted jointly by the Lender and the Borrower and shall not be construed
      against either the Lender or the
Borrower.

            

    

     

    Illegality or
Unenforceability

    

    
      	
              15.

            	
              Any
      determination that any provision or application of this Agreement is
      invalid, illegal, or unenforceable in any respect, or in any instance,
      shall not affect the validity, legality, or enforceability of any such
      provision in any other instance, or the validity, legality, or
      enforceability of any other provision of this
  Agreement.

            

    

     

    Counterparts

    

    
      	
              16.

            	
              This
      Agreement may be executed in multiple identical counterparts (including by
      facsimile or e-mail transmission of an adobe file format document (also
      known as a PDF file)), each of which when duly executed shall be deemed an
      original, and all of which shall be construed together as one
      agreement.  This Agreement will not be binding on or constitute
      evidence of a contract between the parties hereto until such time as a
      counterpart has been executed by such party and a copy thereof is
      delivered to each other party to this
Agreement.

            

    

     

    [Remainder
of Page Intentionally Left Blank]

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    IN WITNESS WHEREOF, this
Ratification Agreement has been executed as of the date first set forth
above.

    

    

    
      
        
          
            	
                    YA
      GLOBAL INVESTMENTS, L.P.,

                  	 	
                    NEOMEDIA
      TECHNOLOGIES, INC.

                  
	
                    f/k/a
      Cornell Capital Partners, LP

                  	 	 
      
	
                    By:
      Yorkville Advisors, LLC,

                  	 	 
      
	
                    its
      Investment Manager

                  	 	 
      
	 
      	 	 
      
	
                    By:

                  	
                    /s/ David Gonzalez

                  	 	
                    By:

                  	
                    /s/ Michael W. Zima

                  
	
                    Name:

                  	
                    David
      Gonzalez

                  	 	
                    Name:

                  	
                    Michael
      W. Zima

                  
	
                    Title:

                  	
                    Managing
      Member

                  	 	
                    Title:

                  	
                    Chief
      Financial Officer

                  

          

        

      

    

     

    
      [Signature
Page to Fourth Ratification Agreement] 

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    Schedule
“1”

    (Financing
Documents)

    

    DEBENTURES AND
NOTES

     

    
      	
               
      

            	
              1.

            	
              Secured
      Convertible Debenture dated August 23, 2006 issued by the Borrower to the
      Lender in the original principal amount of $5,000,000.00 (hereinafter, as
      amended and in effect, the “CCP-1 Debenture”), as amended by that certain
      Amendment to NeoMedia Technologies, Inc. Secured Convertible Debenture No.
      CCP-1 dated as of January 5, 2010 entered into by and between the Borrower
      and the Lender;

            

    

     

    
      	
               
      

            	
              2.

            	
              Secured
      Convertible Debenture dated December 29, 2006 issued by the Borrower to
      the Lender in the original principal amount of $2,500,000.00 (hereinafter,
      as amended and in effect, the “CCP-2 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. CCP-2 dated as of January 5, 2010 by and between the
      Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              3.

            	
              Secured
      Convertible Debenture dated March 27, 2007 issued by the Borrower to the
      Lender in the original principal amount of $7,458,651.00 (hereinafter, as
      amended and in effect, the “NEOM-4-1 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-4-1 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              4.

            	
              Secured
      Convertible Debenture dated August 24, 2007 issued by the Borrower to the
      Lender in the original principal amount of $1,775,000.00 (hereinafter, as
      amended and in effect, the “NEOM-1-1 Debenture”), as amended by that
      certain letter agreement dated as of August 14, 2009, and as further
      amended by that certain Amendment to NeoMedia Technologies, Inc. Secured
      Convertible Debenture No. NEOM-1-1 dated as of January 5, 2010 entered
      into by and between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              5.

            	
              Secured
      Convertible Debenture dated April 11, 2008 issued by the Borrower to the
      Lender in the original principal amount of $390,000.00 (hereinafter, as
      amended and in effect, the “NEOM-2008-1 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-2008-1 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              6.

            	
              Secured
      Convertible Debenture dated May 16, 2008 issued by the Borrower to the
      Lender in the original principal amount of $500,000.00 (hereinafter, as
      amended and in effect, the “NEOM-2008-2 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-2008-2 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              7.

            	
              Secured
      Convertible Debenture dated May 29, 2008 issued by the Borrower to the
      Lender in the original principal amount of $790,000.00 (hereinafter, as
      amended and in effect, the “NEOM-2008-3 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-2008-3 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              8.

            	
              Secured
      Convertible Debenture dated July 10, 2008 issued by the Borrower to the
      Lender in the original principal amount of $137,750.00 (hereinafter, as
      amended and in effect, the “NEOM-2008-4 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-2008-4 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              9.

            	
              Secured
      Convertible Debenture dated July 29, 2008 issued by the Borrower to the
      Lender in the original principal amount of $2,325,000.00 (hereinafter, as
      amended and in effect, the “NEOM-9-1 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-9-1 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              10.

            	
              Secured
      Convertible Debenture dated October 28, 2008 issued by the Borrower to the
      Lender in the original principal amount of $2,325,000.00 (hereinafter, as
      amended and in effect, the “NEOM-9-2 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-9-2 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              11.

            	
              Secured
      Convertible Debenture dated May 1, 2009 issued by the Borrower to the
      Lender in the original principal amount of $550,000.00 (hereinafter, as
      amended and in effect, the “NEOM-9-4 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-9-4 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              12.

            	
              Secured
      Convertible Debenture dated June 5, 2009 issued by the Borrower to the
      Lender in the original principal amount of $715,000.00 (hereinafter, as
      amended and in effect, the “NEOM-9-5 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-9-5 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              13.

            	
              Secured
      Convertible Debenture dated July 15, 2009 issued by the Borrower to the
      Lender in the original principal amount of $535,000.00 (hereinafter, as
      amended and in effect, the “NEOM-9-6 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-9-6 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              14.

            	
              Secured
      Convertible Debenture dated August 14, 2009 issued by the Borrower to the
      Lender in the original principal amount of $475,000.00 (hereinafter, as
      amended and in effect, the “NEOM-9-7 Debenture”), as amended by that
      certain Amendment to NeoMedia Technologies, Inc. Secured Convertible
      Debenture No. NEOM-9-7 dated as of January 5, 2010 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              15.

            	
              Secured
      Convertible Debenture dated May 27, 2010 issued by the Borrower to the
      Lender in the original principal amount of $2,006,137.04 (hereinafter, as
      amended and in effect, the “NEOM-10-1
  Debenture”)

            

    

     

    
      	
               
      

            	
              16.

            	
              Secured
      Convertible Debenture dated August 13, 2010 issued by the Borrower to the
      Lender in the original principal amount of $550,000.00 (hereinafter, as
      amended and in effect, the “NEOM-10-2
  Debenture”);

            

    

     

    
      	
               
      

            	
              17.

            	
              Secured
      Convertible Debenture dated September 29, 2010 issued by the Borrower to
      the Lender in the original principal amount of $475,000.00 (hereinafter,
      as amended and in effect, the “NEOM-10-3 Debenture”, and collectively,
      together with the CCP-1 Debenture, the CCP-2 Debenture, the NEOM 4-1
      Debenture, the NEOM 1-1 Debenture, the NEOM 2008-1 Debenture, the NEOM
      2008-2 Debenture, the NEOM 2008-3 Debenture, the NEOM 2008-4 Debenture,
      the NEOM 9-1 Debenture, the NEOM 9-2 Debenture, the NEOM 9-4 Debenture,
      the NEOM 9-5 Debenture, the NEOM 9-6 Debenture, the NEOM 9-7 Debenture,
      the NEOM-10-2 Debenture, the NEOM-10-3 Debenture and the Fourth 2010
      Convertible Debenture, the
“Debentures”);

            

    

     

    
      	
               
      

            	
              18.

            	
              Promissory
      Note dated April 1, 2010 made by the Borrower payable to the Lender in the
      original principal amount of $500,000.00 (hereinafter, the “4/1/10 Note”,
      and collectively, together with the Debentures and the 12/23/09 Note, the
      “Debt Instruments”);

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              19.

            	
              Master
      Amendment Agreement dated as of March 27, 2007 by and between the Borrower
      and the Lender;

            

    

     

    SECURITIES PURCHASE
AGREEMENTS

     

    
      	
               
      

            	
              20.

            	
              Securities
      Purchase Agreement dated as of August 23, 2006 entered into by and between
      the Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              21.

            	
              Securities
      Purchase Agreement dated as of December 29, 2006 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              22.

            	
              Securities
      Purchase Agreement dated as of March 27, 2007 entered into by and between
      the Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              23.

            	
              Securities
      Purchase Agreement dated as of August 24, 2007 entered into by and between
      the Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              24.

            	
              Securities
      Purchase Agreement dated as of July 29, 2008 entered into by and between
      the Borrower and the Lender, as amended on April 6,
  2009;

            

    

     

    
      	
               
      

            	
              25.

            	
              Agreement
      dated June 5, 2009 by and between the Borrower and the Lender pursuant to
      which the Lender purchased a secured convertible debenture in the original
      principal amount of $715,000;

            

    

     

    
      	
               
      

            	
              26.

            	
              Agreement
      dated July 15, 2009 by and between the Borrower and the Lender pursuant to
      which the Lender purchased a secured convertible debenture in the original
      principal amount of $535,000;

            

    

     

    
      	
               
      

            	
              27.

            	
              Agreement
      dated August 14, 2009 by and between the Borrower and the Lender pursuant
      to which the Lender purchased a secured convertible debenture in the
      original principal amount of
$475,000;

            

    

     

    
      	
               
      

            	
              28.

            	
              Securities
      Purchase Agreement, dated as of May 27, 2010, by and among the Borrower
      and the Lender pursuant to which the Lender purchased a Secured
      Convertible Debenture in the original principal amount of
      $2,006,137.04;

            

    

     

    
      	
               
      

            	
              29.

            	
              Agreement,
      dated as of August 13, 2010, by and among the Borrower and the Lender
      pursuant to which the Lender purchased a Secured Convertible Debenture in
      the original principal amount of
$550,000.00;

            

    

     

    
      	
               
      

            	
              30.

            	
              Agreement,
      dated as of September 29, 2010, by and among the Borrower and the Lender
      pursuant to which the Lender purchased a Secured Convertible Debenture in
      the original principal amount of
$475,000.00;

            

    

     

    SECURITY
DOCUMENTS

     

    
      	
               
      

            	
              31.

            	
              Pledge
      and Security Agreement dated as of August 23, 2006 entered into by and
      between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              32.

            	
              Security
      Agreement dated as of March 27, 2007 entered into by and between the
      Obligors and the Lender;

            

    

     

    
      	
               
      

            	
              33.

            	
              Security
      Agreement (Patent) dated as of March 27, 2007 entered into by and between
      the Obligors and the Lender;

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              34.

            	
              Security
      Agreement dated as of August 24, 2007 entered into by and between the
      Obligors and the Lender;

            

    

     

    
      	
               
      

            	
              35.

            	
              Security
      Agreement (Patent) dated as of August 24, 2007 entered into by and between
      the Obligors and the Lender;

            

    

     

    
      	
               
      

            	
              36.

            	
              Security
      Agreement dated as of July 29, 2008 entered into by and between the
      Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              37.

            	
              Patent
      Security Agreement dated as of July 29, 2008 entered into by and between
      the Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              38.

            	
              Share
      Pledge Agreement (Anteilsverpfandung)
      dated August 3, 2010 entered into by and between the Issuer and the
      Buyer;

            

    

     

    
      	
               
      

            	
              39.

            	
              Agreement
      on the Pledge of Intellectual Property Rights as Collateral (Vereinbarung uber die
      Verpfandung von geistigen Eigentumsrechten) dated August 13, 2010
      by and between the Buyer and NeoMedia Europe AG (“AG”);

            

    

     

    
      	
               
      

            	
              40.

            	
              Security
      Transfer of Moveable Assets (Sicherungsubereignunsgvertrag)
      dated August 13, 2010 by and between the Buyer and
  AG;

            

    

     

    WARRANTS

     

    
      	
               
      

            	
              41.

            	
              “A”
      Warrant No. CCP-001 dated February 17, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      20,000,000 shares of the Borrower’s common stock, as amended by that
      certain Amendment to “A” Warrant No. CCP-001 dated as of August 23, 2006
      entered into by and between the Borrower and the Lender, as further
      amended by that certain Amendment to “A” Warrant No.: CCP-001 dated
      December 29, 2006;

            

    

     

    
      	
               
      

            	
              42.

            	
              “B”
      Warrant No. CCP-002 dated February 17, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      25,000,000 shares of the Borrower’s common stock, as amended by that
      certain Amendment to “B” Warrant No. CCP-002 dated as of August 23, 2006
      entered into by and between the Borrower and the Lender, as further
      amended by that certain Amendment to “B” Warrant No.: CCP-002 dated
      December 29, 2006;

            

    

     

    
      	
               
      

            	
              43.

            	
              “C”
      Warrant No. CCP-003 dated February 17, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      30,000,000 shares of the Borrower’s common stock, as amended by that
      certain Amendment to “C” Warrant No. CCP-003 dated as of August 23, 2006
      entered into by and between the Borrower and the Lender, as further
      amended by that certain Amendment to “C” Warrant No.: CCP-003 dated
      December 29, 2006;

            

    

     

    
      	
               
      

            	
              44.

            	
              “A”
      Warrant No. CCP-001 dated August 23, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      25,000,000 shares of the Borrower’s common stock, as amended by that
      certain Amendment to “A” Warrant No. CCP-001 dated as of December 29, 2006
      entered into by and between the Borrower and the
  Lender;

            

    

     

    
      	
               
      

            	
              45.

            	
              “B”
      Warrant No. CCP-001 dated August 23, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      50,000,000 shares of the Borrower’s common stock, as amended by that
      certain Amendment to “B” Warrant No. CCP-001 dated as of December 29, 2006
      entered into by and between the Borrower and the
  Lender;

            

    

     

    
      	
               
      

            	
              46.

            	
              “C”
      Warrant No. CCP-001 dated August 23, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      50,000,000 shares of the Borrower’s common stock, as amended by that
      certain Amendment to “C” Warrant No. CCP-001 dated as of December 29, 2006
      entered into by and between the Borrower and the
  Lender;

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              47.

            	
              “D”
      Warrant No. CCP-001 dated August 23, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      50,000,000 shares of the Borrower’s common
  stock;

            

    

     

    
      	
               
      

            	
              48.

            	
              “A”
      Warrant No. CCP-001 dated December 29, 2006 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase
      42,000,000 shares of the Borrower’s common
  stock;

            

    

     

    
      	
               
      

            	
              49.

            	
              Warrant
      No. NEOM-4-1 dated March 27, 2007 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 125,000,000 shares
      of the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              50.

            	
              Warrant
      No. NEOM-1-1 dated August 24, 2007 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 75,000,000 shares
      of the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              51.

            	
              Warrant
      No. NEO-2008-2 dated May 16, 2008 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 7,500,000 shares of
      the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              52.

            	
              Warrant
      No. NEO-2008-3 dated May 29, 2008 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 50,000,000 shares
      of the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              53.

            	
              Warrant
      No. NEOM-9-1 dated July 29, 2008 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 100,000,000 shares
      of the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              54.

            	
              Warrant
      No. NEOM-9-1-B dated July 29, 2008 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 100,000,000 shares
      of the Borrower’s common stock, as amended by that certain Amendment to
      NeoMedia Technologies, Inc. Warrant No. NEOM-9-1B dated as of January 5,
      2010 entered into by and between the Borrower and the
    Lender;

            

    

     

    
      	
               
      

            	
              55.

            	
              Warrant
      No. NEOM-9-1-C dated July 29, 2008 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 125,000,000 shares
      of the Borrower’s common stock, as amended by that certain Amendment to
      NeoMedia Technologies, Inc. Warrant No. NEOM-9-1C dated as of January 5,
      2010 entered into by and between the Borrower and the
    Lender;

            

    

     

    
      	
               
      

            	
              56.

            	
              Warrant
      No. NEOM-9-1-D dated July 29, 2008 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 125,000,000 shares
      of the Borrower’s common stock, as amended by that certain Amendment to
      NeoMedia Technologies, Inc. Warrant No. NEOM-9-1D dated as of January 5,
      2010 entered into by and between the Borrower and the
    Lender;

            

    

     

    
      	
               
      

            	
              57.

            	
              Warrant
      No. NEOM-10-1 dated January 5, 2010 executed and delivered to the Lender
      by the Borrower granting the Lender the right to purchase 225,000,000
      shares of the Borrower’s common
stock;

            

    

     

    
      	
               
      

            	
              58.

            	
              Letter
      Agreement re: Repricing of All Existing Warrants dated August 24, 2007
      entered into by and between the Borrower and the
  Lender;

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              59.

            	
              Warrant
      No.: NEOM-0510 dated May 27, 2010 executed and delivered to the Lender by
      the Borrower granting the Lender the right to purchase 5,000,000 shares of
      the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              60.

            	
              Warrant
      No.: NEOM-0810 dated August 13, 2010 executed and delivered to the Lender
      by the Borrower granting the Lender the right to purchase 1,000,000 shares
      of the Borrower’s common stock;

            

    

     

    
      	
               
      

            	
              61.

            	
              Warrant
      No.: NEOM-0910 dated September 29, 2010 executed and delivered to the
      Lender by the Borrower granting the Lender the right to purchase 750,000
      shares of the Borrower’s common
stock;

            

    

     

    REGISTRATION RIGHTS
AGREEMENTS

     

    
      	
               
      

            	
              62.

            	
              Lender
      Registration Rights Agreement dated as of February 17, 2006 entered into
      by and between the Borrower and the Lender, as amended by a certain First
      Amendment to Lender Registration Rights Agreement and as further amended
      by that certain Second Amendment to Lender Registration Rights Agreement
      dated June 15, 2006;

            

    

     

    
      	
               
      

            	
              63.

            	
              Lender
      Registration Rights Agreement dated as of August 23, 2006 entered into by
      and between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              64.

            	
              Lender
      Registration Rights Agreement dated as of December 29, 2006 entered into
      by and between the Borrower and the
Lender;

            

    

     

    
      	
               
      

            	
              65.

            	
              Registration
      Rights Agreement dated as of March 27, 2007 entered into by and between
      the Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              66.

            	
              Registration
      Rights Agreement dated as of August 24, 2007 entered into by and between
      the Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              67.

            	
              Lender
      Registration Rights Agreement dated as of January 5, 2010 entered into by
      and between the Borrower and the
Lender;

            

    

     

    TRANSFER AGENT
INSTRUCTIONS

     

    
      	
               
      

            	
              68.

            	
              Amended
      and Restated Irrevocable Transfer Agent Instructions dated October 26,
      2007 from the Borrower to Worldwide Stock Transfer, LLC, which amended and
      restated those certain Irrevocable Transfer Agent Instructions dated
      February 16, 2006 from the Borrower to American Stock Transfer & Trust
      Co.;

            

    

     

    
      	
               
      

            	
              69.

            	
              Irrevocable
      Transfer Agent Instructions dated August 23, 2006 from the Borrower to
      American Stock Transfer & Trust
Co.;

            

    

     

    
      	
               
      

            	
              70.

            	
              Amended
      and Restated Irrevocable Transfer Agent Instructions dated November 21,
      2007 from the Borrower to Worldwide Stock Transfer, LLC, which amended and
      restated those certain Irrevocable Transfer Agent Instructions dated
      December 29, 2006 from the Borrower to American Stock Transfer & Trust
      Co.;

            

    

     

    
      	
               
      

            	
              71.

            	
              Amended
      and Restated Irrevocable Transfer Agent Instructions dated November 21,
      2007 from the Borrower to Worldwide Stock Transfer, LLC, which amended and
      restated those certain Irrevocable Transfer Agent Instructions dated
      August 23, 2006 from the Borrower to American Stock Transfer & Trust
      Co.;

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      	
               
      

            	
              72.

            	
              Irrevocable
      Transfer Agent Instructions dated March 27, 2007 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              73.

            	
              Irrevocable
      Transfer Agent Instructions dated August 24, 2007 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              74.

            	
              Irrevocable
      Transfer Agent Instructions dated July 29, 2008 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              75.

            	
              Irrevocable
      Transfer Agent Instructions dated January 5, 2010 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              76.

            	
              Irrevocable
      Transfer Agent Instructions dated May 27, 2010 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              77.

            	
              Irrevocable
      Transfer Agent Instructions dated August 13, 2010 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              78.

            	
              Irrevocable
      Transfer Agent Instructions dated September 29, 2010 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    OTHER
DOCUMENTS

     

    
      	
               
      

            	
              79.

            	
              Blocked
      Account Control Agreement (“Shifting Control”) dated as of August 28, 2008
      by and among the Borrower, the Lender, and JPMorgan Chase Bank,
      N.A.;

            

    

     

    
      	
               
      

            	
              80.

            	
              Lockup
      Agreement dated July 28, 2008 by SKS Consulting of FL Corp. to the
      Lender;

            

    

     

    
      	
               
      

            	
              81.

            	
              Lockup
      Agreement dated July 28, 2008 by James J. Keil to the
    Lender;

            

    

     

    
      	
               
      

            	
              82.

            	
              Lockup
      Agreement dated July 28, 2008 by J. Scott Womble to the
      Lender;

            

    

     

    
      	
               
      

            	
              83.

            	
              Pledge
      Shares Escrow Agreement dated March 27, 2007 between the Borrower and the
      Lender;

            

    

     

    
      	
               
      

            	
              84.

            	
              Monitoring
      Fee Escrow Agreement dated January 5, 2010 by and among the Borrower, the
      Lender, Yorkville Advisors, LLC, and David Gonzalez,
    Esquire;

            

    

     

    
      	
               
      

            	
              85.

            	
              Investment
      Agreement dated February 17, 2006 by and between the Borrower and the
      Lender;

            

    

     

    
      	
               
      

            	
              86.

            	
              Investment
      Agreement dated January 5, 2010 by and between the Borrower and the
      Lender, as amended by that certain First Amendment to Investment Agreement
      dated March 5, 2010;

            

    

     

    
      	
               
      

            	
              87.

            	
              Escrow
      Agreement dated July 29, 2008 entered into by and among the Borrower, the
      Lender, Yorkville Advisors, LLC, as Investment Manager, and David
      Gonzalez, Esq., as Escrow Agent;

            

    

     

    
      	
               
      

            	
              88.

            	
              Escrow
      Agreement dated April 1, 2010 entered into by and among the Borrower, the
      Lender, Yorkville Advisors, LLC, as Investment Manager, and David
      Gonzalez, Esq., as Escrow Agent;

            

    

     

    
      	
               
      

            	
              89.

            	
              Ratification
      Agreement dated as of May 27, 2010 entered into by and between the
      Borrower and the Lender; and

            

    

     

    
      	
               
      

            	
              90.

            	
              All
      other documents, instruments, and agreements executed in connection with
      any of the foregoing.Exhibit
10.7

     

    IRREVOCABLE
TRANSFER AGENT INSTRUCTIONS

    

    October
28, 2010

    

    WorldWide
Stock Transfer , LLC

    433
Hackensack Avenue, Level L

    Hackensack,
New Jersey 07601

    

    RE:        NEOMEDIA
TECHNOLOGIES, INC.

    

    Ladies
and Gentlemen:

    

    Reference
is made to that certain Agreement (the “Agreement”) of even
date herewith by and between Neomedia Technologies, Inc, a Delaware corporation
(the “Company”), and YA
Global Investments, L.P. (the “Buyer”).  Pursuant
to the Agreement, the Company shall sell to the Buyer, and the Buyer shall
purchase from the Company, convertible debentures (the “Debenture”) in the
aggregate principal amount of $400,000.00, plus accrued interest, which are
convertible into shares of the Company’s common stock, par value $.001 per share
(the “Common
Stock”), at the Buyer’s discretion.  The Company has also
issued to the Buyer warrants to purchase up to 600,000 shares of Common Stock,
at the Buyer’s discretion (the “Warrant”).  These
instructions relate to the following stock or proposed stock issuances or
transfers:

     

    
      	
               
      

            	
              1.

            	
              Shares
      of Common Stock to be issued to the Buyer upon conversion of the Debenture
      (“Conversion
      Shares”) plus the shares of Common Stock to be issued to the Buyer
      upon conversion of accrued interest into Common Stock (the “Interest
      Shares”).

            

    

     

    
      	
               
      

            	
              2.

            	
              Up
      to 600,000 shares of Common Stock to be issued to the Buyer upon exercise
      of the Warrant (the “Warrant
      Shares”).

            

    

     

    This
letter shall serve as our irrevocable authorization and direction to WorldWide
Stock Transfer, LLC (the “Transfer Agent”) to
do the following:

     

    
      	
               
      

            	
              1.

            	
              Conversion Shares, Warrant
      Shares and Interest Shares.

            

    

     

    
      	
               
      

            	
              a.

            	
              Instructions Applicable to
      Transfer Agent.  With respect to the Conversion Shares,
      Warrant Shares and the Interest Shares, the Transfer Agent shall issue the
      Conversion Shares, Warrant Shares and the Interest Shares to the Buyer
      from time to time upon delivery to the Transfer Agent of a properly
      completed and duly executed Conversion Notice (the “Conversion
      Notice”) in the form attached hereto as Exhibit A to the Debenture,
      or a properly completed and duly executed Exercise Notice  (the
      “Exercise
      Notice”) in the form attached as Exhibit A to the Warrant,
      delivered to the Transfer Agent by the Company or on behalf of the Company
      by David Gonzalez, Esq. as escrow agent (the “Escrow
      Agent”).  Upon receipt of a Conversion Notice or an
      Exercise Notice, the Transfer Agent shall, as soon as reasonably practical
      thereafter, (i) issue and surrender to a common carrier for overnight
      delivery to the address as specified in the Conversion Notice or the
      Exercise Notice, a certificate, registered in the name of the Buyer or its
      designees, for the number of shares of Common Stock to which the Buyer
      shall be entitled as set forth in the Conversion Notice or Exercise
      Notice, or (ii) provided the Transfer Agent is participating in The
      Depository Trust Company (“DTC”) Fast
      Automated Securities Transfer Program, upon the request of the Buyer,
      credit such aggregate number of shares of Common Stock to which the Buyer
      shall be entitled to the Buyer’s or its designees’ balance account with
      DTC through its Deposit Withdrawal At Custodian (“DWAC”) system,
      provided that the Buyer causes its bank or broker to initiate the DWAC
      transaction, and further provided that a certificate representing such
      shares of Common Stock would not be required to bear a legend restricting
      transfer.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              b.

            	
              The Company hereby confirms to
      the Transfer Agent and the Buyer that certificates representing the
      Conversion Shares, Warrant Shares and Interest Shares shall not bear any
      legend restricting transfer and should not be subject to any stop-transfer
      restrictions and shall otherwise be freely transferable on the books and
      records of the Company; provided that Buyer confirm to the Transfer
      Agent and the Company that the Conversion Shares, Warrant Shares and
      Interest Shares have been or will be sold only pursuant to an effective
      registration statement for such securities under the Securities Act of
      1933, as amended (the “Act”), and that the Buyer has
      complied, or will comply, with all applicable prospectus delivery
      requirements; and
      further provided that counsel to the Company delivers (i) the Notice of
      Effectiveness set forth in Exhibit
      I attached hereto
      and (ii) an opinion of counsel in the form set forth in Exhibit
      II attached hereto,
      and that if the Conversion Shares, Warrant Shares and the Interest Shares
      are not registered for sale under the Act, then the certificates for the
      Conversion Shares, Warrant Shares and Interest Shares shall bear the
      following legend:

            

    

     

    “THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS.  THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE
OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A
FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER SAID ACT.”

     

    
      	
               
      

            	
              c.

            	
              In
      the event that counsel to the Company fails or refuses to render an
      opinion as required to issue the Conversion Shares, the Warrant Shares or
      the Interest Shares in accordance with the preceding paragraph (either
      with or without restrictive legends, as applicable), then the Company
      irrevocably and expressly authorizes counsel to the Buyer to render such
      opinion.  The Transfer Agent shall accept and be entitled to
      rely on such opinion for the purposes of issuing the Conversion Shares,
      the Warrant Shares or the Interest
Shares.

            

    

     

    
      	
               
      

            	
              d.

            	
              Upon
      the Company’s or the Escrow Agent’s receipt of a properly completed
      Conversion Notice or Exercise Notice (along with evidence that the
      Aggregate Exercise Price (as defined in the Warrant) has been delivered to
      the Company), the Company or the Escrow Agent, as the case may be, shall,
      within one Trading Day thereafter, send to the Transfer Agent the
      Conversion Notice or Exercise Notice, as the case may be, which shall
      constitute an irrevocable instruction to the Transfer Agent to process
      such Conversion Notice or Exercise Notice in accordance with the terms of
      these instructions.  For purposes hereof “Trading Day”
      shall mean any day on which the Nasdaq Market is open for customary
      trading.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              2.

            	
              All
    Shares.

            

    

     

    
      	
               
      

            	
              a.

            	
              The
      Company hereby irrevocably appoints the Escrow Agent as a duly authorized
      agent of the Company for the purposes of authorizing the Transfer Agent to
      process issuances and transfers specifically contemplated
      herein.

            

    

     

    
      	
               
      

            	
              b.

            	
              The
      Transfer Agent shall rely exclusively on the Conversion Notice or the
      Exercise Notice, and shall have no liability for relying on such
      instructions.  Any Conversion Notice or Exercise Notice
      delivered hereunder shall constitute an irrevocable instruction to the
      Transfer Agent to process such notice or notices in accordance with the
      terms thereof.  Such notice or notices may be transmitted to the
      Transfer Agent by facsimile or any commercially reasonable
      method.

            

    

     

    
      	
               
      

            	
              c.

            	
              The
      Company hereby confirms to the Transfer Agent and the Buyer that no
      instructions other than as contemplated herein will be given to Transfer
      Agent by the Company with respect to the matters referenced
      herein.  The Company hereby authorizes the Transfer Agent, and
      the Transfer Agent shall be obligated, to disregard any contrary
      instructions received by or on behalf of the
  Company.

            

    

     

    
      	
               
      

            	
              3.

            	
              Certain Notice Regarding the
      Escrow Agent. The Company and the Transfer Agent hereby acknowledge
      that the Escrow Agent is general counsel to the Buyer, a partner of the
      general partner of the Buyer and counsel to the Buyer in connection with
      the transactions contemplated and referred herein.  The Company
      and the Transfer Agent agree that in the event of any dispute arising in
      connection with this Agreement or otherwise in connection with any
      transaction or agreement contemplated and referred herein, the Escrow
      Agent shall be permitted to continue to represent the Buyer and neither
      the Company nor the Transfer Agent will seek to disqualify such
      counsel.

            

    

     

    
      	
               
      

            	
              4.

            	
              Company
      Acknowledgments.

            

    

     

    
      	
               
      

            	
              a.

            	
              The
      Company hereby agrees that it shall not replace the Transfer Agent as the
      Company’s transfer agent without the prior written consent of the
      Buyer.

            

    

     

    
      	
               
      

            	
              b.

            	
              The
      Company agrees that in the event that the Transfer Agent resigns as the
      Company’s transfer agent the Company shall engage a suitable replacement
      transfer agent that will agree to serve as transfer agent and to be bound
      by the terms and conditions of these Irrevocable Transfer Agent
      Instructions within 5 business days from the effectiveness of such
      resignation.

            

    

     

    
      	
               
      

            	
              c.

            	
              The
      Company acknowledges that the Buyer is relying on the representations and
      covenants made by the Company hereunder and are a material inducement to
      the Buyer purchasing the Debenture pursuant to the
      Agreement.  The Company further acknowledges that without such
      representations and covenants of the Company made hereunder, the Buyer
      would not purchase the Debenture.

            

    

     

    
      	
               
      

            	
              d.

            	
              The
      Company specifically acknowledges and agrees that in the event of a breach
      or threatened breach by a party hereto of any provision hereof, the Buyer
      will be irreparably damaged and that damages at law would be an inadequate
      remedy if these Irrevocable Transfer Agent Instructions were not
      specifically enforced.  Therefore, in the event of a breach or
      threatened breach by the Company, including, without limitation, the
      attempted termination of the agency relationship created by this
      instrument, the Buyer shall be entitled, in addition to all other rights
      or remedies, to an injunction restraining such breach, without being
      required to show any actual damage or to post any bond or other security,
      and/or to a decree for specific performance of the provisions of these
      Irrevocable Transfer Agent
Instructions.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              5.

            	
              Transfer Agent Binding
      Disclaimer:  In consideration for the Transfer Agent
      agreeing and attesting to all terms in the above referenced Irrevocable
      Transfer Agent Instructions, in particular any kind of lawsuit and or
      action that may arise from the Buyer’s instructing the Transfer Agent to
      issue shares based on the legality of the Agreement whereas the Company is
      denying the request in full or partially for whatever reason, the Company,
      Buyer and any other Fourth party involved agree for ourselves, our
      successors, legal representatives and assigns, at all times to defend,
      indemnify and save the Transfer Agent, their successors and assigns, free
      and harmless from and against any and all claims, from actions, suits,
      whether groundless or otherwise, and from and against any and all
      liabilities, taxes, losses, damages, costs, charges, counsel fees, and
      other expenses of every nature and character that arises from this
      action.

            

    

    

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties have caused this letter agreement regarding Irrevocable Transfer Agent
Instructions to be duly executed and delivered as of the date first written
above.

     

    
      
        
          	 
      	
                  COMPANY:

                
	 
      	 
      
	 
      	
                  Neomedia
      Technologies, Inc.

                
	 
      	 
      
	 
      	
                  By:

                	
                  /s/ Michael W. Zima

                
	 
      	
                  Name:

                	
                  Michael
      W. Zima

                
	 
      	
                  Title:

                	
                  CFO

                
	 
      	 
      
	 
      	
                  BUYER:

                
	 
      	 
      
	 
      	
                  YA
      Global Investments, L.P.

                
	 
      	 
      
	 
      	
                  By:

                	
                  Yorkville
      Advisors, LLC

                
	 
      	
                  Its:

                	
                  Investment
      Manager

                
	 
      	 
      
	 
      	
                  By:

                	
                  /s/ Mark Angelo

                
	 
      	
                  Name:

                	
                  Mark
      Angelo

                
	 
      	
                  Title:

                	
                  Portfolio
      Manager

                
	 
      	 
      
	 
      	
                  ESCROW
      AGENT

                
	 
      	 
      
	 
      	
                  By:

                	
                  /s/ David Gonzalez

                
	 
      	
                  David
      Gonzalez, Esq.

                

        

      

    

    

    WorldWide
Stock Transfer, LLC

    

    
      
        
          
            
              
                	
                        By:

                      	
                        /s/
      Yonah J. Kopstick  

                      	 
	
                        Name

                      	
                        Yonah
      J. Kopstick  

                      	 
	
                        Title:

                      	
                        SVP

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00180-of-00352.parquet"}]]