Document:

Unassociated Document

     

    
      

        
          	
                  [Customer
                    Logo]

                	
                  Exhibit
                    10.39

                

        

      

       

    

    XXXXX
      INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS
      REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES
      AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITY
      ACT
      OF 1933, AS AMENDED.

     

    AGREEMENT
      OF PURCHASE AND SALE

    BY
      AND BETWEEN

    GIGABEAM
      CORPORATION AND MINISTRY OF THE INTERIOR, KINGDOM OF
      BAHRAIN

     

    THIS
      AGREEMENT OF PURCHASE AND SALE (the “Agreement”)
      is as
      of the date last executed below, by and between

     

    
      	
            	A.	
              GigaBeam Corporation(hereinafter
                “GigaBeam”), a Delaware corporation having its principal office at 470
                Springpark Place, Suite 900, Herndon, VA 20170 USA;
                and. 

            

    

    
      	 	 	 

      	
            	B.	
              Ministry of the Interior, Kingdom of
                Bahrain
                (hereinafter the “Ministry”), having its principal office at the Ministry
                of the Interior Headquarters, The Police Fort, Manama, Kingdom of
                Bahrain.

            

    

     

    Recitals

    

    Whereas,
      the Ministry desires to purchase, install and operate a wireless network in
      the
      Kingdom of Bahrain and GigaBeam is engaged in the development, manufacture
      and
      sale of point to point wireless telecommunications radio links capable of
      transmission speeds at or in excess of a gigabit per second under the trade
      name
“WiFiber®”’

     

    Now
      therefore, the parties agree to the following: 

     

    1.0 Scope
      of Work

     

    Gigabeam
      proposes to provide its WiFiber radio links to the Ministry for installation
      on
      rooftops or towers at or near the locations selected by the
      Ministry.

    

    The
      solution for the Ministry’s wireless network will consist of the following to be
      provided by GigaBeam:

    

    
      
        	
              	·	
                [XXXXX]
                  Gigabeam Links

              

      

    

    
      
        	
              	
                ·

              	
                [XXXXX]
                  at all sites.

              

      

    

    
      
        	
              	
                ·

              	
                [XXXXX]
                  Uninterrupted Power Supply
                  (UPS).

              

      

    

    
      
        	
              	
                ·

              	
                [XXXXX]
                  to be located in the main Ministry Police Fort equipment
                  room.

              

      

    

     

    2.0 Site
      Survey

     

    The
      MPOE
      (minimum point of entry) for each Gigabeam link radio will be the roof top
      or
      tower at each location. If not already completed for a particular location,
      Gigabeam will work with representatives from the Ministry and their designated
      electrical contractors to perform an initial site survey. The site survey will
      consist of the following:

    

    
      
        	
              	a.	
                Identify
                  proposed WiFiber installation locations and obtain GPS coordinates
                  of each
                  location

              

      

    

    
      
        	
              	
                b.

              	
                Establish
                  and document clear line of sight for each proposed location
                  

              

      

    

    
      
        	
              	
                c.

              	
                Determine
                  radio mounting requirements at proposed WiFiber
                  locations.

              

      

    

    
      
        	
              	
                d.

              	
                Take
                  pictures of proposed locations and the far side (if possible) to
                  document
                  that there is clear line of site and no obstructions at the proposed
                  locations. 

              

      

    

    
      
      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
              	
                e.

              	
                Document other RF devices in the path of the proposed
                  locations.

              

      

    

    
      
        	
              	
                f.

              	
                Identify
                  3rd
                  Party Towers or other alternative locations to mount Gigabeam
                  radios

              

      

    

    
      
        	
              	
                g.

              	
                Determine
                  the path for electrical, network cabling and grounding
                  

              

      

    

    
      
        	
              	
                h.

              	
                Draft
                  preliminary network design
                  drawings

              

      

    

     

    
      3.0  Equipment
        Purchase and Pricing

    

    

    GigaBeam
      will sell and the Ministry will purchase the WiFiber links for the purchase
      prices below.

    

    
      	
              Model

            	 	
              Description

            	 	
              Quantity

            	 	
              Total
                Price

            
	 	 	 	 	 	 	 
	
              WiFiber
                G-1.25-24

            	 	
              GigaBeam
                Full Duplex GigE Transceiver Link Pair - Includes two (2) GigE Transceiver
                Units

            	 	
              [XXXXX]
                Links

            	 	
              US$[XXXXX]

            
	 	 	 	 	 	 	 
	
              Antenna

            	 	
              24”

            	 	
              [XXXXX]

            	 	
              [XXXXX]

            
	
              Power

            	 	
              Uninterrupted
                Power Supply (UPS)

            	 	
              [XXXXX]

            	 	
              [XXXXX]

            

    

    

    The
      foregoing pricing is subject to the following: 

    

    
      	·  	
              The
                price for the sale of equipment is ex works (GigaBeam’s US facilities) and
                does not include an allowance for freight, handling, import duty
                or local
                taxes which shall be for the account of the Ministry.
                

            

    

    
      	 	 

      	·  	
              Payment
                Terms: $[XXXXX]
                upon issuance of purchase order and US$[XXXXX] upon delivery to local
                customs, Kingdom of Bahrain.
                

            

    

    
      	 	 

      	·  	
              [XXXXX]
                and [XXXXX] are to be included in the price of this proposal. All
                data
                cables from the radios will be terminated at the Ministry’s switch
                facility per location. It is understood that the Ministry will support
                with best efforts regarding the availability and access to the specified
                sites.

            

    

     

    Installation
      Requirement and Installation Pricing

     

    Installation
      Requirements

    

    
      	·  	
              A
                100mm outside diameter pole mount, tripod or mast for mounting the
                radios
                and antennas. The total weight of each radio/antenna combination
                is
                approximately [XXXXX].

            

    

    
      	 	 

      	·  	
              A
                fiber optic cable feed for each radio.  The fiber should be single
                mode SC fiber and should extend from the points at which the radios
                will
                be installed to the location in which the Ministry’s network equipment
                will be housed. Since the radio installations will likely be on a
                roof or
                on a tower, fiber must be properly threaded between these two points
                using
                appropriate building risers and cable
                conduits.

            

    

    
      	 	 

      	·  	
              A
                Cat 5 10/100baseT cable is required for each radio. Similar to the
                fiber
                optic cable, this should extend from the radio installation site
                to the
                equipment room where the Ministry’s network equipment will be situated.
                

            

    

    
      	 	 

      	·  	
              A
                -48V DC feed, capable of supplying 2amp, for each radio. This should
                be of
                sufficient length to extend to the installation point of each
                radio

            

    

    

    Supporting
      Documentation and Training

    

    
      	·  	
              Gigabeam
                Link Operations will provide technical manuals to the Ministry’s engineers
                for Gigabeam installed equipment.

            

    

    
      	 	 

      	·  	
              Gigabeam
                provides onsite and offsite training by our certified training
                instructors. The Ministry can arrange for further post installation
                training by one of our certified Gigabeam
                instructors.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Post
      Installation Support

    

    
      	·  	
              Network
                Monitoring software and integration, and specific SLA criteria will
                be
                developed between Gigabeam and the Ministry

            

    

    

    
      	
              Item

            	 	
              Description

            	 	
              Price

            
	
              Installation

            	 	
              Training
                of Ministry staff, installation, integration and commissioning, of
                the
                links supply of [XXXXX]
                and [XXXXX]

            	 	
              US$[XXXXX]

            
	
              [XXXXX]
                and [XXXXX]

            	 	
              At
                all sites

            	 	
              [XXXXX]

            
	
              Mounting
                Hardware/Brackets

            	 	
              At
                all sites

            	 	
              [XXXXX]

            
	
              
                [XXXXX]

              

            	 	
              To
                be installed at Ministry Police Fort equipment room

            	 	
              [XXXXX]

            

    

     

    Payment
      Terms: Installation to be billed and payable on a [XXXXX]
      from commissioning of each link.

    

    5.0 Gigabeam
      Warranty

    

    Standard
      warranty period for all Gigabeam WiFiber radios is 12 months from the date
      of
      installation if performed by GigaBeam or delivery if installation performed
      by
      the Ministry or its vendors. During the warrantee period, GigaBeam will repair
      or replace at its options WiFiber radios which fail to comply with published
      specifications. The warranty is not applicable to product that has been altered
      or subject to misuse, incorrect installation or tampering, maintenance, accident
      or damage. Replaced or repaired WiFiber radios will have the benefit of the
      original warranty for the remainder of the applicable warranty period.
      Additionally, a dedicated team of qualified Network Engineers is available
      to
      support the Ministry on all Link integration support. Typical examples of
      services provided include network design, router/switch configuration, third
      party application integration and assisting Ministry to determine how best
      to
      take advantage of the increased bandwidth capacity provided by the Gigabeam
      WiFiber link. The Link Operations Service offering from Gigabeam provides
      customers with a comprehensive program of network operations, implementation
      support and professional services. GIGABEAM MAKES NO OTHER WARRANTIES WITH
      RESPECT TO THE PRODUCTS OR ANY SERVICES AND DISCLAIMS ALL OTHER WARRANTIES,
      INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
      PURPOSE.

    

    6.0 Specifications

     

    The
      following are the specification of the WiFiber product:

     

    Data
      rates (full duplex): 1.25 Gbps

    Frequencies:
      71 - 76 GHz and 81 - 86 GHz

    Centre
      frequencies: 73.5 GHz and 83.5 GHz

    Beam
      Width: [XXXXX]

    Monitoring:
      SNMP via Ethernet

    Signal
      interface: SC Optical Connector

    Antenna
      Size: 24” 

    Antenna
      Gain: [XXXXX]
      at
      71
      GHz, and [XXXXX]
      at
      81
      GHz

    Power:
      48V DC with dual internal power supplies

    Radio
      Size: 12” octagonal x 4” deep

    Weight:
      (radio plus antenna) [XXXXX]

    Temperature:
      Range [XXXXX]

    Verification
      FCC Part 101

    Mounting
      3” to 5” diameter pole, tripod or wall mount

    RF
      Emission: Radios generate [XXXXX]
      (cell
      phones typically generate 600) and 80-90% of radio waves are reflected from
      Skin

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    7.0 Other
      Terms

    

    The
      Agreement is subject to the following additional terms and
      conditions:

    

    
      	·  	
              Unless
                otherwise agreed to in writing, any and all commercial or technical
                information disclosed in any manner or at any time by GIGABEAM to
                the
                Ministry shall be deemed secret and confidential. Except as expressly
                allowed herein, the Ministry shall not use or disclose any such
                information and GigaBeam expressly reserves all rights with respect
                thereto. Buyer acknowledges that the products sold by Seller hereunder
                contain trade secrets, trademarks and other proprietary information
                belonging to GigaBeam, and the products sold by GigaBeam hereunder
                are
                proprietary to GigaBeam. The Ministry shall not disassemble, decompile
                or
                otherwise reverse engineer GigaBeam’s
                products.

            

    

    
      	 	 

      	·  	
              Neither
                party shall be liable for incidental, consequential, indirect, special
                or
                punitive damages of any kind, or for loss of revenue, loss of business,
                loss of data or other financial loss arising out of or in connection
                with
                this Agreement.

            

    

    
      	 	 

      	·  	
              Products,
                software and data sold hereunder are subject to United States export
                control laws.

            

    

    
      	 	 

      	·  	
              This
                Agreement shall be construed in accordance with the laws of England
                and
                Wales. Any dispute or disagreement between the Parties arising out
                of or
                in connection with this Agreement not settled amicably within 30
                days of
                written notification of the dispute shall be settled by arbitration
                in
                Geneva, Switzerland by a single arbitrator in accordance with the
                rules of
                arbitration of the Chamber of Commerce and Industry of Geneva,
                Switzerland.

            

    

     

    The
      parties have caused this Agreement to be executed by their respective duly
      authorized representatives as of the dates listed below:

     

    
      
        	
                Ministry
                  of the Interior

                Kingdom of Bahrain 

              	 	GigaBeam
                Corporation
	 	 	 	 
	 	 	 	 
	
                By: 
                  /s/ Sheikh Khalifa

              	 	By:	/s/ Anthony
                King
	
                
                  

                
Name:	 	Name: 	
                
Anthony
                King
	
                
                  

                

              	 	 	 
	Title: 	 	Title	Director
                (BDS)
	
                
                  

                

              	 	 	 
	
                Date:

                
                  

                

              	 	Date: 	8th
                March 2007AMENDMENT
      TO AMENDED AND RESTATED RIGHTS AGREEMENT

     

    This
      Amendment to Amended and Restated Rights Agreement (this “Amendment”)
      is
      made as of April 16, 2007, by and between Point.360, a California corporation
      (the “Corporation”),
      and
      American Stock Transfer & Trust Company, a New York banking corporation (the
“Rights
      Agent”).

     

    WHEREAS,
      the Corporation is entering into an Agreement and Plan of Merger and
      Reorganization (as the same may be amended from time to time, the “Merger
      Agreement”),
      among
      the Corporation, DG FastChannel, Inc., a Delaware corporation (the “Purchaser”),
      and
      New 360, a California corporation, pursuant to which the Purchaser will: (1)
      make an exchange offer to acquire all of the issued and outstanding shares
      of
      common stock of the Corporation, no par value (“Common
      Shares”),
      on
      the terms and subject to the conditions set forth in the Merger Agreement (such
      exchange offer, as it may be amended from time to time, is referred to in this
      Amendment as the “Offer”),
      (ii)
      be granted an irrevocable option to acquire certain additional Common Shares
      directly from the Corporation on the terms and subject to the conditions set
      forth in the Merger Agreement (the “Top-Up
      Option”),
      and
      (iii) after the Purchaser has acquired Common Shares pursuant to the Offer
      (and,
      if applicable, the Top-Up Option), the Corporation will merge with and into
      the
      Purchaser upon the terms and subject to the conditions set forth in the Merger
      Agreement; 

     

    WHEREAS,
      the Corporation and the Rights Agent are parties to an Amended and Restated
      Rights Agreement dated as of November 17, 2004 (the “Rights
      Agreement”);

     

    WHEREAS,
      the Corporation desires to amend the Rights Agreement in connection with the
      execution and delivery of the Merger Agreement; and

     

    WHEREAS,
      the Board of Directors of the Corporation has approved this Amendment and
      authorized its appropriate officers to execute and deliver the same to the
      Rights Agent.

     

    NOW,
      THEREFORE, in accordance with the procedures for amendment of the Rights
      Agreement set forth in Section 27 of the Rights Agreement, and in consideration
      of the foregoing and the mutual agreements herein set forth, the parties hereby
      agree as follows:

     

    1. Capitalized
      terms that are not otherwise defined herein shall have the meanings ascribed
      to
      them in the Rights Agreement.

     

    2. The
      definition of “Acquiring Person” set forth in Section 1(a) of the Rights
      Agreement is amended by adding the following sentence to the end of that
      section:

     

    “Notwithstanding
      the foregoing, no Person shall be or become an Acquiring Person by reason of
      (i)
      the execution and delivery of the Agreement and Plan of Merger and
      Reorganization, dated as of April 16, 2007, among DG FastChannel, Inc., a
      Delaware corporation (the “Purchaser”),
      New
      360, a California corporation, and the Corporation (the “Merger
      Agreement”)
      or any
      amendment thereto, (ii) the purchase by the Purchaser of Common Shares pursuant
      to (A) an exchange offer to acquire all of the issued and outstanding Common
      Shares to be commenced by the Purchaser pursuant to, and on the terms and
      subject to the conditions set forth in, the Merger Agreement (such exchange
      offer, as it may be amended from time to time, is referred to in this Agreement
      as the “Offer”)
      or (B)
      an irrevocable option to acquire certain additional shares of Common Shares
      directly from the Corporation granted by the Corporation to the Purchaser on
      the
      terms and subject to the conditions set forth in the Merger Agreement (the
      “Top-Up
      Option”),
      (iii)
      the merger of the Corporation with and into the Purchaser pursuant to, and
      on
      the terms and subject to the conditions set forth in, the Merger Agreement
      (the
“Merger”),
      or
      (iv) the consummation of any other transaction contemplated by the Merger
      Agreement, as it may be amended from time to time.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    3. The
      definition of “Shares
      Acquisition Date”
in
      Section 1(q) of the Rights Agreement is hereby amended by adding the following
      sentence to the end of that section:

     

    “Notwithstanding
      anything else set forth in this Agreement, a Shares Acquisition Date shall
      be
      deemed not to have occurred by reason of (i) the execution and delivery or
      amendment of the Merger Agreement, (ii) the purchase by the Purchaser of Common
      Shares pursuant to the Offer (and, if applicable, the Top-Up Option), (iii)
      the
      Merger, or (iv) the consummation of any other transaction contemplated by the
      Merger Agreement, as it may be amended from time to time.”

     

    4. Section
      3(a) of the Rights Agreement is hereby amended by adding the following sentence
      to the end of that section:

     

    “Notwithstanding
      anything else set forth in this Agreement, no Distribution Date shall be deemed
      to have occurred by reason of (i) the execution and delivery or amendment of
      the
      Merger Agreement, (ii) the purchase by the Purchaser of Common Shares pursuant
      to the Offer (and, if applicable, the Top-Up Option), (iii) the Merger, or
      (iv)
      the consummation of any other transaction contemplated by the Merger Agreement,
      as it may be amended from time to time.”

     

    5. Section
      7(a)(i) of the Rights Agreement is hereby amended to delete the phrase “(the
“Final
      Expiration Date”)”
so
      that it shall read as follows:

     

    “(i)
      the
      close of business on November 16, 2014,”

     

    6. Section
      7(a) is further amended by replacing the word “or” at the end of Section
      7(a)(ii) with a comma and by adding the following clause immediately following
      the word “hereof’ in Section 7(a)(iii):

     

    “,
      or
      (iv) the moment in time immediately prior to the Effective Time (as defined
      in
      Section 1.6 of the Merger Agreement) (the earliest to occur of the events
      described in clauses (i) to (iv) of this section shall be referred to as the
      “Final
      Expiration Date”).”

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    7. Section
      11(a)(ii) of the Rights Agreement is hereby amended by adding the following
      sentence to the end of that section:

     

    “Notwithstanding
      anything else set forth in this Agreement, no event requiring an adjustment
      under this Section 11(a)(ii) shall be deemed to have occurred by reason of
      (i)
      the execution and delivery or amendment of the Merger Agreement, (ii) the
      purchase by the Purchaser of Common Shares pursuant to the Offer (and, if
      applicable, the Top-Up Option), (iii) the Merger, or (iv) the consummation
      of
      any other transaction contemplated by the Merger Agreement, as it may be amended
      from time to time.”

     

    8. The
      first
      phrase of Section 13(c) of the Rights Agreement is hereby amended to read as
      follows:

     

    “The
      Corporation shall not consummate any such consolidation, merger, sale or
      transfer (other than the Merger) unless the Principal Party shall have a
      sufficient number of authorized shares of its common stock that have not been
      issued or reserved for issuance to permit the exercise in full of the Rights
      in
      accordance with this Section 13 and unless prior thereto the Corporation and
      each Principal Party and each other Person who may become a Principal Party
      as a
      result of such consolidation, merger, sale or transfer shall have executed
      and
      delivered to the Rights Agent a supplemental agreement providing for the terms
      set forth in paragraphs (a) and (b) of this Section 13 and further providing
      that, as soon as practicable after the date of any consolidation, merger, sale
      or transfer of assets mentioned in paragraph (a) of this Section 13, the
      Principal Party at its own expense shall:” 

     

    The
      remaining portion of Section 13(c) shall be unchanged and shall remain in full
      force and effect.

     

    9. All
      of
      the covenants of this Amendment by or for the benefit of the Corporation or
      the
      Rights Agent shall bind and inure to the benefit of their respective successors
      and assigns hereunder.

     

    10. Nothing
      in this Amendment shall be construed as giving to any person or entity other
      than the Corporation, the Purchaser, the Rights Agent, and the registered
      holders of the Rights Certificates (and, prior to the Distribution Date, the
      Common Shares) any legal or equitable right, remedy, or claim under this
      Amendment; but this Amendment shall be for the sole and exclusive benefit of
      the
      Corporation, the Purchaser, the Rights Agent, and the registered holders of
      the
      Rights Certificates (and, prior to the Distribution Date, the Common
      Shares).

     

    11. If
      any
      term of this Amendment is held by a court of competent jurisdiction or other
      authority to be invalid, void, or unenforceable, the remainder of the terms
      of
      this Amendment shall remain in full force and effect and shall in no way be
      affected, impaired, or invalidated.

     

    12. This
      Amendment shall become effective immediately prior to the execution and delivery
      of the Merger Agreement by all of the parties thereto. The Rights Agreement,
      as
      amended by this Amendment, shall remain in full force and effect in accordance
      with its terms, subject to the following sentence. If the Merger Agreement
      is
      terminated for any reason pursuant to any provision in Section 8.1 of the Merger
      Agreement, each and every amendment to the Rights Agreement made by this
      Amendment automatically shall be rescinded in full, effective concurrently
      with
      the termination of the Merger Agreement and without the need by the Corporation
      to execute an instrument implementing such rescission.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    13. This
      Amendment shall be deemed to be a contract made under the laws of the State
      of
      California and for all purposes shall be governed by and construed in accordance
      with the laws of such state applicable to contracts to be made and performed
      entirely within such state.

     

    14. This
      Amendment may be executed in any number of counterparts and each of such
      counterparts shall for all purposes be deemed to be an original, and all such
      counterparts shall together constitute but one and the same
      instrument.

     

    15. The
      Corporation hereby certifies to the Rights Agent that this Amendment is in
      compliance with Section 27 of the Rights Agreement.

     

    [remainder
      of this page intentionally left blank]

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties herein have caused this Amendment to be duly
      executed and attested, all as of the date and year first above
      written.

     

    
      	 	 	 
	 	
              POINT.360

            
	 
 	 
 	 
 
	
            	By:  	 
	 	
              

            
	 	
              Name: Alan
                R. Steel

              Title: Executive
                Vice President and Chief Financial
                Officer

            

    

     

    
      	 	 	 
	 	
              AMERICAN
                STOCK TRANSFER & TRUST COMPANY

            
	 
 	 
 	 
 
	
            	By:  	 
	 	
              

            
	 	
              Name: 

              Title: 

            
	 	 
	
               Attest: 

              
                

              

              
              

              Name:
                 

              Title: 

            	 

    

     

    
      
        
        

      

      
        5

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