Document:

Prepared by R.R. Donnelley Financial -- Assignment of Purchase Agreement

  
 EXHIBIT 10.7 
  
 ASSIGNMENT OF PURCHASE AGREEMENT 
  
 THIS AGREEMENT made as of the 25th day of January,
2002, 
  
 BETWEEN: 
  
 CERTICOM CORP. 
  
 (“Certicom”) 
  
 -and- 
  
 NORTHWEST VALUE PARTNERS INC. 
  
 (“Northwest”) 
  
 -and- 
  
 PAULS PROPERTIES CORPORATION 
  
 (“Pauls”) 
  
 WHEREAS: 
  
 A.  Certicom is the sole tenant of those lands and premises consisting of a one storey “flex” office building (the “Building”) having a main floor
area of approximately 127,000 square feet and mezzanine area of approximately 14,000 square feet, known municipally as 1980 Matheson Boulevard East, in the City of Mississauga, Ontario (the “Property”) pursuant to a lease dated
October 12, 2000, (the “Lease”) entered into between Pauls, as landlord, and Certicom, as tenant; 
  
 B.  Certicom has entered into an agreement of purchase and sale (the “Purchase Agreement”) dated October 25, 2001 with Pauls to purchase the Property and surrender the Lease; and 
  
 C.  Certicom has agreed to assign the Purchase Agreement to Northwest and Northwest has agreed to assume the Purchase Agreement upon the terms
and conditions set out therein except to the extent otherwise provided for herein; 
  
 NOW THEREFORE, in consideration of the
mutual covenants and agreements set out in this agreement and other good and valuable consideration (the receipt and adequacy of which are acknowledged) the parties covenant and agree as follows: 
  

1.  Assignment of Purchase Agreement:    Certicom hereby transfers, assigns and sets over unto Northwest, its successors and
assigns, all of the right, title and interest of 
 

 Certicom in and to the Purchase Agreement and Northwest hereby assumes from Certicom the foregoing transfer and assignment, subject to the terms set out herein.

  
 2.  Covenant to Perform:    Northwest hereby covenants with Certicom and Pauls to assume
all of the obligations and liabilities of Certicom under the Purchase Agreement (except with respect to the surrendering of the Lease and the payment of any brokerage fees and the like under section 9.16 of the Purchase Agreement, all of which
Certicom shall continue to be responsible for) and to indemnify and hold harmless Certicom only for those obligations and liabilities arising from the period commencing on the date hereof (except as noted in this paragraph 2). Northwest acknowledges
receiving and reviewing a copy of the Purchase Agreement. 
  
 3.  Consent to
Assignment:    Pauls hereby consents to the assignment of the Purchase Agreement by Certicom to Northwest, reserving nevertheless all of its rights and remedies pursuant to the Purchase Agreement against Certicom. This
consent shall in no way affect or release Certicom from its covenants and obligations under the Purchase Agreement. 
  
 4.  Waiver of Purchaser’s Conditions:    Northwest hereby waives the conditions for purchaser provided in subsection 5.02(a) of the Purchase Agreement. Certicom hereby consents to, and Pauls hereby
acknowledges receipt of, such waiver of conditions. 
  
 5.  Closing Date:    The parties
hereto acknowledge and agree that the Closing Date of the Purchase Agreement shall be February 25, 2002, or such earlier date as agreed upon between Pauls and Northwest. 
  
 6.  Purchase Price:    The parties hereto acknowledge and agree that the Purchase Price payable under the Purchase Agreement has been reduced from
$10,800,000.00 to $10,600,000.00. 
  
 7.  Deposits:    Pauls hereby acknowledges receipt of
the First Deposit and the Second Deposit payable pursuant to the Purchase Agreement, totaling $400,000.00, and the balance of the deposit paid by Certicom under the Lease, totaling approximately $225,000.00, subject to adjustment for February’s
rent (which is to be paid by Certicom to Pauls when due under the Lease) and readjustment of Operating Costs to the Closing Date, if applicable, all of which shall be adjusted for and credited to Northwest against the Purchase Price on Closing.
Certicom hereby consents to the foregoing. 
  
 8.  Representation of Pauls:    Pauls
represents and warrants in favour of Northwest that as of the date hereof: 
 

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 (a)  to the best of their knowledge and belief, each of the
representations and warranties of Pauls contained in section 4.01 of the Purchase Agreement continues to be true and correct as of the date hereof; 
  
 (b)  there are no Contracts (as defined in the Purchase Agreement) to be assumed pursuant to the Purchase Agreement; 
  
 (c)  there are and on Closing shall be no brokerage commissions, finders fees nor the like payable by Pauls with respect to
the Purchase Agreement or the closing of the transactions contemplated thereby, other than commissions payable to C.B. Richard Ellis for which Pauls shall be solely liable and which shall be paid from the sale proceeds on Closing; 

 
 (d)  no further consents are required from any authority in order for the transfer of the Property, in accordance
with the Purchase Agreement, to comply with the Planning Act (Ontario); and 
  
 (e)  to the best
of its knowledge and belief, all work required to satisfy the obligations of Pauls to the City of Mississauga secured by the Vendor’s Outstanding Letters of Credit, as defined in the Purchase Agreement, has been fully completed, subject to
those landscaping related matters which may arise due to winter weather between the date hereof and the date of the City’s expected inspection in the Spring of 2002. 
  
 The representations and warranties of Pauls contained in this agreement shall not merge on Closing but shall continue in full force and effect for a period of six months after Closing.

  
 9.  Representations of Certicom:    Certicom hereby represents and warrants to Northwest
and Pauls that, to the best of its knowledge and belief, all work related to the landscaping of the property required to satisfy the obligation of Pauls, with respect to landscaping only, to the City of Mississauga secured by the Vendor’s
Outstanding Letters of Credit, as defined in the Purchase Agreement, has been fully completed by Certicom, subject to those landscaping related matters which may arise due to winter weather between the date hereof and the date of the City’s
expected inspection in the Spring of 2002. 
  
 10.  Notices:    Any notice or other
communication required or permitted to be given under this agreement shall be in writing and shall be effectively given if delivered personally, sent by prepaid courier service or sent by fax, in each case to the applicable address set out below:

  
 (a)  in the case of Certicom addressed to it at: 
  
 25821 Industrial Blvd 
 Hayward,
California 94545 
 

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 Attention:    Greg Capitolo 
 Fax:    510 780-5401 
  
 With a copy to:  McCarthy
Tetrault LLP, Box 48, 4700 Toronto-Dominion 
 Bank Tower, Toronto ON M5K 1E6. Attn:    Oliver 
 Hobday. Fax No. 416.601.8248. 
  
 (b)    in the case of Northwest addressed to it at: 
  
 357 Bay Street 

Suite 502 
 Toronto, Ontario M5H 2T7 
 Attention:    Paul Dalla Lana 
 Fax:    416 366-6886 
  
 With a copy to: McLean & Kerr LLP, #2800—Adelaide
Street West, 
 Toronto ON M5H 3P5. Attn: Mike Brady. Fax No.: 
 416.366.8571 
  
 (c)    in the case of Pauls addressed to it
at 
  
 Pauls Properties Corporation 
 191 The West Mall 
 Suite 340 
 Toronto, Ontario 
 M9C 5K8 
 Attention:    John P. Marotta 
 Facsimile No.    (416) 695-1277 
  
 With a copy to: Miller Thomson LLP, Suite 2500, 20 Queen Street East, 
 Toronto, Ontario M5H 9S1. Attn: Michael J. Wren. 
 Fax No. (416)
595-8695. 
  
 Any such communication so given shall be deemed to have been given or made or to have been received on the day of
delivery if delivered, or on the day of faxing, if faxed, provided that such day in either event is a business day and the communication is delivered or faxed prior to 5:00 p.m. (Toronto time) on such day, otherwise such communication shall be
deemed to have been given and received on the next following business day. 
  
 11.  General:    Time shall be one of the essence of this agreement and the transaction contemplated herein. This agreement shall be effective to create an interest in the 
 

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 Property only if the provisions of the Planning Act (Ontario) are complied with. All of the covenants and
agreements contained in this agreement shall be binding upon the parties and their respective successors and permitted assigns and shall enure to the benefit of and be enforceable by the parties and their respective successors and permitted assigns
and shall be governed by and construed in accordance with the laws of the Province of Ontario. The parties hereto hereby submit and attorn to the jurisdiction of the courts of the Province of Ontario in any action or proceeding that may be commenced
with respect to the enforcement of this agreement. This agreement may be executed by the parties hereto in any number of separate counterparts and all of the said counterparts taken together shall be deemed to constitute one and the same instrument.
A facsimile signature of any party to this agreement shall constitute the valid and binding signature of such party with the same effect as if it were an original signature endorsed on this agreement. 
 

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 IN WITNESS WHEREOF the parties have executed this agreement as of the date first above written.

  
 
	 CERTICOM
 	 	  	 	 NORTHWEST VALUE PARTNERS INC.
 
	 
	 Per:
 	 	 /s/    GREGORY M. CAPITOLO
 
	 	  	 	 Per:
 	 	 

	 Name:
 	 	 Chief Financial Officer
 	 	  	 	 Name:
 	 	  
	 Title:
 	 	     Authorized Signatory
 	 	  	 	 Title:
 	 	     Authorized Signatory
 
	 
	 Per:
 	 	 
	 	  	 	 Per:
 	 	 

	 Name:
 	 	  	 	  	 	 Name:
 	 	  
	 Title:
 	 	     Authorized Signatory
 	 	  	 	 Title:
 	 	     Authorized Signatory
 
	 
	 I/We have authority to bind the Corporation
 	 	  	 	  	 	  
	 
	 PAULS PROPERTIES CORPORATION
 	 	  	 	  	 	  
	 
	 Per:
 	 	 
	 	  	 	 Per:
 	 	 

	 Name:
 	 	  	 	  	 	 Name:
 	 	  
	 Title:
 	 	 Authorized Signatory
 	 	  	 	 Title:
 	 	 Authorized Signatory
 
	 
	  	 	  	 	 I/We have authority to bind the Corporation
 

 
 
	 
	  	 	  	 	  	 	  
	 Per:
 	 	 
	 	  	 	  	 	  
	 Name:
 	 	  	 	  	 	  	 	  
	 Title:
 	 	 Authorized Signatory
 	 	  	 	  	 	  
	 
	 I/We have authority to bind the Corporation
 	 	  	 	  	 	  

 
 

 6 

  
 Property only if the provisions of the Planning Act (Ontario) are complied with. All of the covenants and
agreements contained in this agreement shall be binding upon the parties and their respective successors and permitted assigns and shall ensure to the benefit of and be enforceable by the parties and their respective successors and permitted assigns
and shall be governed by and construed in accordance with the laws of the Province of Ontario. The parties hereto hereby submit and attorn to the jurisdiction of the courts of the Province of Ontario in any action or proceeding that may be commenced
with respect to the enforcement of this agreement. This agreement may be executed by the parties hereto in any number of separate counterparts and all of the said counterparts taken together shall be deemed to constitute one and the same instrument.
A facsimile signature of any party to this agreement shall constitute the valid and binding signature of such party with the same effect as if it were an original signature endorsed on this agreement. 
  
 IN WITNESS WHEREOF the parties have executed this agreement as of the date first above written. 
  

	 CERTICOM CORP.
 	 	  	 	 NORTHWEST VALUE PARTNERS INC.

	 
	 Per:
 	 	 
	 	  	 	 Per:
 	 	 /s/    DAVID KEMPER
 

	 Name:
 	 	  	 	  	 	 Name:
 	 	  
	 Title:
 	 	 Authorized signatory
 	 	  	 	 Title:
 	 	     Authorized signatory
 
	  	 	  	 	  	 	  	 	  
	 
	 Per:
 	 	 
	 	  	 	 Per:
 	 	 

	 Name:
 	 	  	 	  	 	 Name:
 	 	  
	 Title:
 	 	 Authorized Signatory
 	 	  	 	 Title:
 	 	 Authorized Signatory
 
	 
	 I/We have authority to bind the Corporation
 	 	  	 	 I/We have authority to bind the Corporation
 
	 
	 PAULS PROPERTIES CORPORATION
 	 	  	 	  	 	  
	 
	 Per:
 	 	 
	 	  	 	  	 	  
	 Name:
 	 	  	 	  	 	  	 	  
	 Title:
 	 	 Authorized Signatory
 	 	  	 	  	 	  
	  	 	  	 	  	 	  	 	  
	 
	 Per:
 	 	 
	 	  	 	  	 	  
	 Name:
 	 	  	 	  	 	  	 	  
	 Title:
 	 	 Authorized Signatory
 	 	  	 	  	 	  
	 
	 I/We have authority to bind the Corporation
 	 	  	 	  	 	  

 
 

 7 

  
 Property only if the provisions of the Planning Act (Ontario) are complied with. All of the covenants and
agreements contained in this agreement shall be binding upon the parties and their respective successors and permitted assigns and shall enure to the benefit of and be enforceable by the parties and their respective successors and permitted assigns
and shall be governed by and construed in accordance with the laws of the Province of Ontario. The parties hereto hereby submit and attorn to the jurisdiction of the courts of the Province of Ontario in any action or proceeding that may be commenced
with respect to the enforcement of this agreement. This agreement may be executed by the parties hereto in any number of separate counterparts and all of the said counterparts taken together shall be deemed to constitute one and the same instrument.
A facsimile signature of any party to this agreement shall constitute the valid and binding signature of such party with the same effect as if it were an original signature endorsed on this agreement. 
  
 IN WITNESS WHEREOF the parties have executed this agreement as of the date first above written. 
  

	 CERTICOM CORP.
 	 	  	 	 NORTHWEST VALUE PARTNERS INC.

	 
	 Per:
 	 	 
	 	  	 	 Per:
 	 	 

	 Name:
 	 	  	 	  	 	 Name:
 	 	  
	 Title:
 	 	 Authorized signatory
 	 	  	 	 Title:
 	 	 Authorized signatory
 
	 
	 I/We have authority to bind the Corporation
 	 	  	 	 I/We have authority to bind the Corporation
 

 
  
 
	 
	 Per:
 	 	 
	 	  	 	 Per:
 	 	 

	 Name:
 	 	  	 	  	 	 Name:
 	 	  
	 Title:
 	 	 Authorized signatory
 	 	  	 	 Title:
 	 	 Authorized signatory
 
	  	 	  	 	  	 	  	 	  

 
  
  
 
	 
	 PAULS PROPERTIES CORPORATION
 
	 
	 Per:
 	 	 /s/    BRIAN D. PAULS        
 

	  	 	 Brian D. Pauls
 
	  	 	 Authorized signatory
 
	 
	 I/We have authority to bind the Corporation
 

 
  
 
	 
	 Per:
 	 	 

	 Name:
 	 	  
	 Title:
 	 	 Authorized signatory
 
	 
	 I/We have authority to bind the Corporation
 

 
 

 8Prepared by R.R. Donnelley Financial -- Amendment to Assignment of Purchase Agreement

  
 EXHIBIT 10.8 
  
 AMENDMENT TO ASSIGNMENT OF PURCHASE AGREEMENT 
  
 THIS AGREEMENT made as of the 22nd day of
February, 2002. 
  
 BETWEEN: 
  
 CERTICOM CORP. 
  
 (“Certicom”) 
  
 -and- 
  
 NORTHWEST VALUE PARTNERS INC. 
  
 (“Northwest’’) 
  
 PAULS PROPERTIES CORPORATION 
  
 (“Pauls”) 
  
 WHEREAS: 
  
 A.  Certicom is the sole
tenant of those lands and premises consisting of a one storey “flex” office building (the “Building”) having a main floor area of approximately 127,000 square feet and mezzanine area of approximately 14,000 square feet, know
municipally as 1980 Matheson Boulevard East, in the City of Mississauga, Ontario the ( “Property”) pursuant to a lease dated October 12, 2000, (the “Lease”) entered into between Pauls, as landlord, and Certicom, as tenant;

  
 B.  Certicom has entered into an agreement of purchase and sale (the “Purchase Agreement”) dated
October 25, 2001 with Pauls to purchase the Property and surrender the Lease; and 
 

  
 C.  By an assignment of purchase agreement dated as of the 25th day of January, 2002
(the “Assignment Agreement”), Certicom agreed to assign to Northwest, and Northwest agreed to assume, the Purchase Agreement as amended by the Assignment Agreement, and Pauls consented thereto, all as contained in the Assignment Agreement;

  
 D.  Northwest and Pauls have agreed to further amend the Assignment of Purchase Agreement as set out herein below and
Certicom has consented to such amendments; 
  
 NOW THEREFORE, in consideration of the mutual covenant and agreements set out in this agreement and other
good and valuable consideration (the receipt and adequacy of which is acknowledge) the parties covenant and agree as follows: 
  
 1.  Closing Date:    The parties hereto acknowledge and agree that the Closing Date of the Purchase Agreement shall be extended to Monday, March 11, 2002, or such earlier date as
may be agreed upon between Pauls and Northwest. 
  
 2.  Deposits:    Northwest agrees to pay Pauls on or before February 25, 2002, an additional deposit in the amount of EIGHT HUNDRED THOUSAND ($800,000.00), by certified cheque to Pauls’ solicitors,
Miller Thomson LLP, which deposit shall be non-refundable in the event the Purchase Agreement fails to close for any reason other than the default of Pauls, and which shall otherwise be credited on account of the purchase price on the Closing Date.
Failing delivery of said deposit, this Amending Agreement shall be null and void and of no further force and effect. 
  
 3.  Certicom Consent:    Certicom has executed this Amending Agreement to indicate its consent to the foregoing terms and to acknowledge that it shall remain liable under the Lease and to make all
payments of Rent otherwise due and owing on March 1, 2002. 
  
 In all other respects, save as amended hereby, the parties confirm
the terms of the Purchase Agreement as previously amended. 
 

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 This Amending Agreement may be executed by the parties in counterparts, each of which so
executed shall be deemed to be an original and such counterparts together shall constitute on and the same Amending Agreement and shall be fully enforceable. 
  
 IN WITNESS WHEREOF the parties have executed this Amending Agreement as of the date first above written. 
  
 
	 CERTICOM CORP.
 	 	  	 	 NORTHWEST VALUE PARTNERS INC.
 
	 
	 Per: 
 	 	         /s/    GREGORY M.
CAPITOLO    
 
	 	  	 	 Per:
 	 	 /s/    PAUL DALLA LANA
 

	 Name:
 	 	  	 	  	 	 Name:
 	 	 Paul Dalla Lana
 
	 Title:
 	 	 Chief Financial Officer
 	 	  	 	 Title:
 	 	 President
 
	 
	  	 	  	 	  	 	  	 	  
	 Name:
 	 	 
	 	  	 	 Name:
 	 	 

	 Title:
 	 	 Authorized Signatory
 	 	  	 	 Title:
 	 	  
	 
	 I/we have authority to bind the Corporation.
 	 	  	 	 I/we have authority to bind the Corporation.
 

 
  
  
 
	 PAULS PROPERTIES CORPORATION
 
	 
	 Per:
 	 	 

	 Name:
 Title:
 	 	 Brian Pauls
 President
 

 
  
 I have authority to bind the Corporation. 

 3

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