Document:

Exhibit
10.3

    

     

    WARRANT

     

    THE
SECURITIES REPRESENTED BY THIS WARRANT 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 SATISFACTORY TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED UNDER
SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144
UNDER SAID ACT.

     

    NEOMEDIA
TECHNOLOGIES, INC.

     

    Warrant
To Purchase Common Stock

     

    
      	
              Warrant
      No.: NEOM-0211

            	
              Number
      of Shares:

            	
              1,250,000

            
	 
      	
              Warrant
      Exercise Price:

            	
              $0.10

            
	 
      	
              Expiration
      Date:

            	
              February
      8, 2016

            

    

    

    Date of
Issuance: February 8, 2011

    

    NeoMedia Technologies, Inc., a
Delaware corporation (the “Company”), hereby
certifies that, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, YA Global Investments,
L.P.(“YA
Global”), the registered holder hereof or any permitted assigns (each a
“Holder” and
collectively, the “Holders”), is
entitled, subject to the terms set forth below, to purchase from the Company
upon surrender of this Warrant, at any time or times on or after the date
hereof, but not after 11:59 P.M. Eastern Time on the Expiration Date (as
defined herein) up to 1,250,000 fully paid and nonassessable shares of Common
Stock (as defined herein) of the Company (the “Warrant Shares”) at
the exercise price per share provided in Section 1(b) below or as
subsequently adjusted; provided, however, that in no event shall the Holder be
entitled to exercise this Warrant for a number of Warrant Shares in excess of
that number of Warrant Shares which, upon giving effect to such exercise, would
cause the aggregate number of shares of Common Stock beneficially owned by the
Holder and its affiliates to exceed 9.99% of the outstanding shares of the
Common Stock following such exercise (however, such restriction may be waived by
Holder (but only as to itself and not to any other Holder) upon not less than 65
days prior notice to the Company).  For purposes of the foregoing
proviso, the aggregate number of shares of Common Stock beneficially owned by
the Holder and its affiliates shall include the number of shares of Common Stock
issuable upon exercise of this Warrant with respect to which the determination
of such proviso is being made, but shall exclude shares of Common Stock which
would be issuable upon (i) exercise of the remaining, unexercised Warrants
beneficially owned by the Holder and its affiliates and (ii) exercise or
conversion of the unexercised or unconverted portion of any other securities of
the Company beneficially owned by the Holder and its affiliates (including,
without limitation, any convertible notes or preferred stock) subject to a
limitation on conversion or exercise analogous to the limitation contained
herein.  Except as set forth in the preceding sentence, for purposes
of this paragraph, beneficial ownership shall be calculated in accordance with
Section 13(d) of the Securities Exchange Act of 1934, as amended.  For
purposes of this Warrant, in determining the number of outstanding shares of
Common Stock a Holder may rely on the number of outstanding shares of Common
Stock as reflected in (1) the Company’s most recent Form 10-Q or Form 10-K, as
the case may be, (2) a more recent public announcement by the Company or (3) any
other notice by the Company or its transfer agent setting forth the number of
shares of Common Stock outstanding.  Upon the written request of any
Holder, the Company shall promptly, but in no event later than one (1) Business
Day following the receipt of such notice, confirm in writing to any such Holder
the number of shares of Common Stock then outstanding. In any case, the number
of outstanding shares of Common Stock shall be determined after giving effect to
the exercise of Warrants (as defined below) by such Holder and its affiliates
since the date as of which such number of outstanding shares of Common Stock was
reported.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
1.

     

    (a)           This
Warrant is issued pursuant to the Agreement (“SPA Agreement”) dated
February 8, 2011 between the Company and YA Global or issued in exchange or
substitution thereafter or replacement thereof.  Each Capitalized term
used, and not otherwise defined herein, shall have the meaning ascribed thereto
in the Securities Purchase Agreement.

     

    (b)           Definitions.  The
following words and terms as used in this Warrant shall have the following
meanings:

     

    (i)           “Approved Stock Plan”
means a stock option plan that has been approved by the Board of Directors of
the Company prior to the date of the Securities Purchase Agreement, pursuant to
which the Company’s securities may be issued only to any employee, officer or
director for services provided to the Company.

     

    (ii)           “Business Day” means
any day other than Saturday, Sunday or other day on which commercial banks in
the City of New York are authorized or required by law to remain
closed.

     

    (iii)         “Closing Bid Price”
means the closing bid price of Common Stock as quoted on the Principal Market
(as reported by Bloomberg Financial Markets (“Bloomberg”) through
its “Volume at Price” function).

     

    (iv)         “Common Stock” means
(i) the Company’s common stock, par value $0.001 per share, and
(ii) any capital stock into which such Common Stock shall have been changed
or any capital stock resulting from a reclassification of such Common
Stock.

     

    (v)          “Excluded Securities”
means, (a) shares issued or deemed to have been issued by the Company pursuant
to an Approved Stock Plan, (b) shares of Common Stock issued or deemed to be
issued by the Company upon the conversion, exchange or exercise of any right,
option, obligation or security outstanding on the date prior to date of the
Securities Purchase Agreement, provided that the terms of such right, option,
obligation or security are not amended or otherwise modified on or after the
date of the Securities Purchase Agreement, and provided that the conversion
price, exchange price, exercise price or other purchase price is not reduced,
adjusted or otherwise modified and the number of shares of Common Stock issued
or issuable is not increased (whether by operation of, or in accordance with,
the relevant governing documents or otherwise) on or after the date of the
Securities Purchase Agreement,  and (c) the shares of Common
Stock issued or deemed to be issued by the Company upon conversion of the
Convertible Debentures or exercise of the Warrants.

     

    (vi)         “Expiration Date”
means the date written on the first page of this Warrant.

     

    (vii)        “Issuance Date” means
the date hereof.

     

    (viii)       “Options” means any
rights, warrants or options to subscribe for or purchase Common Stock or
Convertible Securities.

     

    (ix)          “Person” means an
individual, a limited liability company, a partnership, a joint venture, a
corporation, a trust, an unincorporated organization and a government or any
department or agency thereof.

     

    (x)           “Primary Market” means
on any of (a) the American Stock Exchange, (b) New York Stock Exchange, (c) the
Nasdaq Global Select Market, (d) the Nasdaq Global Market, (e) the Nasdaq
Capital Market, or (e) the Over-the-Counter Bulletin Board (“OTCBB”)

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (xi)         “Securities Act” means
the Securities Act of 1933, as amended.

     

    (xii)        “Warrant” means this
Warrant and all Warrants issued in exchange, transfer or replacement
thereof.

     

    (xiii)       “Warrant Exercise
Price” shall be $0.10 or as subsequently adjusted as provided in
Section 8 hereof.

     

    (c)           Other
Definitional Provisions.

     

    (i)           Except
as otherwise specified herein, all references herein (A) to the Company
shall be deemed to include the Company’s successors and (B) to any
applicable law defined or referred to herein shall be deemed references to such
applicable law as the same may have been or may be amended or supplemented from
time to time.

     

    (ii)           When
used in this Warrant, the words “herein”, “hereof”, and “hereunder” and words of similar import,
shall refer to this Warrant as a whole and not to any provision of this Warrant,
and the words “Section”, “Schedule”, and “Exhibit” shall refer
to Sections of, and Schedules and Exhibits to, this Warrant unless otherwise
specified.

     

    (iii)         Whenever
the context so requires, the neuter gender includes the masculine or feminine,
and the singular number includes the plural, and vice versa.

     

    Section
2.              Exercise of
Warrant.

     

    (a)           Subject
to the terms and conditions hereof, this Warrant may be exercised by the Holder
hereof then registered on the books of the Company, pro rata as hereinafter
provided, at any time on any Business Day on or after the opening of business on
such Business Day, commencing with the first day after the date hereof, and
prior to 11:59 P.M. Eastern Time on the Expiration Date (i) by delivery of
a written notice, in the form of the subscription notice attached as Exhibit A hereto (the
“Exercise
Notice”), of such Holder’s election to exercise this Warrant, which
notice shall specify the number of Warrant Shares to be purchased, payment
to the Company of an amount equal to the Warrant Exercise Price(s) applicable to
the Warrant Shares being purchased, multiplied by the number of Warrant
Shares (at the applicable Warrant Exercise Price) as to which this Warrant
is being exercised (plus any applicable issue or transfer taxes) (the
“Aggregate Exercise
Price”) in cash or wire transfer of immediately available funds and the
surrender of this Warrant (or an indemnification undertaking with respect to
this Warrant in the case of its loss, theft or destruction) to a common carrier
for overnight delivery to the Company as soon as practicable following such date
(“Cash Basis”)
or (ii) if at the time of exercise, the Warrant Shares are not subject to an
effective registration statement, by delivering an Exercise Notice and in lieu
of making payment of the Aggregate Exercise Price in cash or wire transfer,
elect instead to receive upon such exercise the “Net Number” of shares of Common
Stock determined according to the following formula (the “Cashless
Exercise”):

     

    Net
Number = (A x B) – (A
x C)

                                          B

    

    For purposes of the foregoing
formula:

    

    A = the
total number of Warrant Shares with respect to which this Warrant is then being
exercised.

    

    B = the
Closing Bid Price of the Common Stock on the date of exercise of the
Warrant.

    

    C = the
Warrant Exercise Price then in effect for the applicable Warrant Shares at the
time of such exercise.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    In the
event of any exercise of the rights represented by this Warrant in compliance
with this Section 2, the Company shall on or before the fifth Business Day
following the date of receipt of the Exercise Notice, the Aggregate Exercise
Price and this Warrant (or an indemnification undertaking with respect to this
Warrant in the case of its loss, theft or destruction) and the receipt of the
representations of the Holder specified in Section 6 hereof, if requested by the
Company (the “Exercise
Delivery Documents”), and if the Common Stock is DTC eligible, credit
such aggregate number of shares of Common Stock to which the Holder shall be
entitled to the Holder’s or its designee’s balance account with The Depository
Trust Company; provided, however, if the Holder who submitted the Exercise
Notice requested physical delivery of any or all of the Warrant Shares, or, if
the Common Stock is not DTC eligible  then the Company shall, on or
before the fifth Business Day following receipt of the Exercise Delivery
Documents, issue and surrender to a common carrier for overnight delivery to the
address specified in the Exercise Notice, a certificate, registered in the name
of the Holder, for the number of shares of Common Stock to which the Holder
shall be entitled pursuant to such request.  Upon delivery of the
Exercise Notice and Aggregate Exercise Price referred to in clause (i) or
(ii) above the Holder of this Warrant shall be deemed for all corporate purposes
to have become the holder of record of the Warrant Shares with respect to which
this Warrant has been exercised.  In the case of a dispute as to the
determination of the Warrant Exercise Price, the Closing Bid Price or the
arithmetic calculation of the Warrant Shares, the Company shall promptly issue
to the Holder the number of Warrant Shares that is not disputed and shall submit
the disputed determinations or arithmetic calculations to the Holder via
facsimile within one (1) Business Day of receipt of the Holder’s Exercise
Notice.

     

    (b)           If
the Holder and the Company are unable to agree upon the determination of the
Warrant Exercise Price or arithmetic calculation of the Warrant Shares within
one day of such disputed determination or arithmetic calculation being submitted
to the Holder, then the Company shall immediately submit via facsimile (i) the
disputed determination of the Warrant Exercise Price or the Closing Bid Price to
an independent, reputable investment banking firm or (ii) the disputed
arithmetic calculation of the Warrant Shares to its independent, outside
accountant.  The Company shall cause the investment banking firm or
the accountant, as the case may be, to perform the determinations or
calculations and notify the Company and the Holder of the results no later than
forty-eight hours from the time it receives the disputed determinations or
calculations.  Such investment banking firm’s or accountant’s
determination or calculation, as the case may be, shall be deemed conclusive
absent manifest error.

     

    (c)           Unless
the rights represented by this Warrant shall have expired or shall have been
fully exercised, the Company shall, as soon as practicable and in no event later
than five (5) Business Days after any exercise and at its own expense, issue a
new Warrant identical in all respects to this Warrant exercised except it shall
represent rights to purchase the number of Warrant Shares purchasable
immediately prior to such exercise under this Warrant exercised, less the number
of Warrant Shares with respect to which such Warrant is exercised.

     

    (d)           No
fractional Warrant Shares are to be issued upon any pro rata exercise of this
Warrant, but rather the number of Warrant Shares issued upon such exercise of
this Warrant shall be rounded up or down to the nearest whole
number.

     

    (e)           If
the Company or its Transfer Agent shall fail for any reason or for no reason to
issue to the Holder within ten (10) days of receipt of the Exercise
Delivery Documents, a certificate for the number of Warrant Shares to which the
Holder is entitled or to credit the Holder’s balance account with The Depository
Trust Company for such number of Warrant Shares to which the Holder is entitled
upon the Holder’s exercise of this Warrant, the Company shall, in addition to
any other remedies under this Warrant or otherwise available to such Holder, pay
as additional damages in cash to such Holder on each day the issuance of such
certificate for Warrant Shares is not timely effected an amount equal to 0.025%
of the product of (A) the sum of the number of Warrant Shares not issued to the
Holder on a timely basis and to which the Holder is entitled, and (B) the
Closing Bid Price of the Common Stock for the trading day immediately preceding
the last possible date which the Company could have issued such Common Stock to
the Holder without violating this Section 2.

     

    (f)           If
within ten (10) days after the Company’s receipt of the Exercise Delivery
Documents, the Company fails to deliver a new Warrant to the Holder for the
number of Warrant Shares to which such Holder is entitled pursuant to Section 2
hereof, then, in addition to any other available remedies under this Warrant, or
otherwise available to such Holder, the Company shall pay as additional damages
in cash to such Holder on each day after such tenth (10th) day
that such delivery of such new Warrant is not timely effected in an amount equal
to 0.25% of the product of (A) the number of Warrant Shares represented by
the portion of this Warrant which is not being exercised and (B) the
Closing Bid Price of the Common Stock for the trading day immediately preceding
the last possible date which the Company could have issued such Warrant to the
Holder without violating this Section 2.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
3.              Covenants as to Common
Stock.  The Company hereby covenants and agrees as
follows:

     

    (a)           This
Warrant is, and any Warrants issued in substitution for or replacement of this
Warrant will upon issuance be, duly authorized and validly issued.

     

    (b)           All
Warrant Shares which may be issued upon the exercise of the rights represented
by this Warrant will, upon issuance, be validly issued, fully paid and
nonassessable and free from all taxes, liens and charges with respect to the
issue thereof.

     

    (c)           If
at any time during the period within which the rights represented by this
Warrant may be exercised the Company does not have a sufficient number of shares
of Common Stock authorized and available to provide for the exercise in full of
the rights represented by this Warrant, or if the par value of such shares is
less than or equal to the applicable Warrant Exercise Price, then upon written
notice from two Fifths of the Holders, the Company shall call and hold a special
meeting of its stockholders within sixty  (60) days of such notice for the
purpose of increasing the number of authorized shares of Common Stock and/or
reducing the par value of the Common Stock.

     

    (d)           If
at any time after the date hereof the Company shall file a registration
statement, the Company shall include the Warrant Shares issuable to the Holder,
pursuant to the terms of this Warrant and shall maintain, so long as any other
shares of Common Stock shall be so listed, such listing of all Warrant Shares
from time to time issuable upon the exercise of this Warrant; and the Company
shall so list on each national securities exchange or automated quotation
system, as the case may be, and shall maintain such listing of, any other shares
of capital stock of the Company issuable upon the exercise of this Warrant if
and so long as any shares of the same class shall be listed on such national
securities exchange or automated quotation system.

     

    (e)           The
Company will not, by amendment of its Articles of Incorporation or through any
reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities, or any other voluntary action, avoid or seek to avoid the
observance or performance of any of the terms to be observed or performed by it
hereunder, but will at all times in good faith assist in the carrying out of all
the provisions of this Warrant and in the taking of all such action as may
reasonably be requested by the Holder in order to protect the exercise privilege
of the Holder against dilution or other impairment, consistent with the tenor
and purpose of this Warrant.  The Company will not increase the par
value of any shares of Common Stock receivable upon the exercise of this Warrant
above the Warrant Exercise Price then in effect, and (ii) will take all
such actions as may be necessary or appropriate in order that the Company may
validly and legally issue fully paid and nonassessable shares of Common Stock
upon the exercise of this Warrant.

     

    (f)           This
Warrant will be binding upon any entity succeeding to the Company by merger,
consolidation or acquisition of all or substantially all of the Company’s
assets.

     

    Section
4.             Taxes.  The
Company shall pay any and all taxes, except any applicable withholding, which
may be payable with respect to the issuance and delivery of Warrant Shares upon
exercise of this Warrant.

     

    Section
5.             Warrant Holder Not Deemed a
Stockholder.  Except as otherwise specifically provided herein,
no Holder, as such, shall be entitled to vote or receive dividends or be deemed
the holder of shares of capital stock of the Company for any purpose, nor shall
anything contained in this Warrant be construed to confer upon the Holder, as
such, any of the rights of a stockholder of the Company or any right to vote,
give or withhold consent to any corporate action (whether any reorganization,
issue of stock, reclassification of stock, consolidation, merger, conveyance or
otherwise), receive notice of meetings, receive dividends or subscription
rights, or otherwise, prior to the issuance to the holder of this Warrant of the
Warrant Shares which he or she is then entitled to receive upon the due exercise
of this Warrant.  In addition, nothing contained in this Warrant shall
be construed as imposing any liabilities on such holder to purchase any
securities (upon exercise of this Warrant or otherwise) or as a stockholder of
the Company, whether such liabilities are asserted by the Company or by
creditors of the Company.  Notwithstanding this Section 5, the Company
will provide the holder of this Warrant with copies of the same notices and
other information given to the stockholders of the Company generally,
contemporaneously with the giving thereof to the stockholders.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Section
6.             Representations of
Holder.  The Holder, by the acceptance hereof, represents that
it is acquiring this Warrant and the Warrant Shares for its own account for
investment only and not with a view towards, or for resale in connection with,
the public sale or distribution of this Warrant or the Warrant Shares, except
pursuant to sales registered or exempted under the Securities Act; provided,
however, that by making the representations herein, the Holder does not agree to
hold this Warrant or any of the Warrant Shares for any minimum or other specific
term and reserves the right to dispose of this Warrant and the Warrant Shares at
any time in accordance with or pursuant to a registration statement or an
exemption under the Securities Act.  The Holder further represents, by
acceptance hereof, that, as of this date, such holder is an “accredited
investor” as such term is defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the Securities Act
(an “Accredited
Investor”).  Upon exercise of this Warrant the Holder shall, if
requested by the Company, confirm in writing, in a form satisfactory to the
Company, that the Warrant Shares so purchased are being acquired solely for the
Holder’s own account and not as a nominee for any other party, for investment,
and not with a view toward distribution or resale and that the Holder is an
Accredited Investor.  If the Holder cannot make such representations
because they would be factually incorrect, it shall be a condition to the
Holder’s exercise of this Warrant that the Company receive such other
representations as the Company considers reasonably necessary to assure the
Company that the issuance of its securities upon exercise of this Warrant shall
not violate any United States or state securities laws.

     

    Section
7.             Ownership and
Transfer.

     

    (a)           The
Company shall maintain at its principal executive offices (or such other office
or agency of the Company as it may designate by notice to the holder hereof), a
register for this Warrant, in which the Company shall record the name and
address of the person in whose name this Warrant has been issued, as well as the
name and address of each transferee.  The Company may treat the person
in whose name any Warrant is registered on the register as the owner and holder
thereof for all purposes, notwithstanding any notice to the contrary, but in all
events recognizing any transfers made in accordance with the terms of this
Warrant.

     

    Section
8.             Adjustment of Warrant
Exercise Price and Number of Shares.  The Warrant Exercise
Price and the number of shares of Common Stock issuable upon exercise of this
Warrant shall be adjusted from time to time as follows:

     

    (a)           Adjustment of Warrant
Exercise Price and Number of Shares upon Issuance of Common
Stock.  If and whenever on or after the Issuance Date of this
Warrant, the Company issues or sells, or is deemed to have issued or sold, any
shares of Common Stock (other than Excluded Securities) for a consideration
per share less than a price (the “Applicable Price”)
equal to the Warrant Exercise Price in effect immediately prior to such issuance
or sale, then immediately after such issue or sale the Warrant Exercise Price
then in effect shall be reduced to an amount equal to such consideration per
share.  Upon each such adjustment of the Warrant Exercise Price
hereunder, the number of Warrant Shares issuable upon exercise of this Warrant
shall be adjusted to the number of shares determined by multiplying the Warrant
Exercise Price in effect immediately prior to such adjustment by the number of
Warrant Shares issuable upon exercise of this Warrant immediately prior to such
adjustment and dividing the product thereof by the Warrant Exercise Price
resulting from such adjustment.

     

    (b)          Effect on Warrant Exercise
Price of Certain Events.  For purposes of determining the
adjusted Warrant Exercise Price under Section 8(a) above, the following shall be
applicable:

     

    (i)           Issuance of
Options.  If after the date hereof, the Company in any manner
grants any Options and the lowest price per share for which one share of Common
Stock is issuable upon the exercise of any such Option or upon conversion or
exchange of any convertible securities issuable upon exercise of any such Option
is less than the Applicable Price, then such share of Common Stock shall be
deemed to be outstanding and to have been issued and sold by the Company at the
time of the granting or sale of such Option for such price per
share.  For purposes of this Section 8(b)(i), the lowest price per
share for which one share of Common Stock is issuable upon exercise of such
Options or upon conversion or exchange of such Convertible Securities shall be
equal to the sum of the lowest amounts of consideration (if any) received or
receivable by the Company with respect to any one share of Common Stock upon the
granting or sale of the Option, upon exercise of the Option or upon conversion
or exchange of any convertible security issuable upon exercise of such
Option.  No further adjustment of the Warrant Exercise Price shall be
made upon the actual issuance of such Common Stock or of such convertible
securities upon the exercise of such Options or upon the actual issuance of such
Common Stock upon conversion or exchange of such convertible
securities.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (ii)          Issuance of Convertible
Securities.  If the Company in any manner issues or sells any
convertible securities and the lowest price per share for which one share of
Common Stock is issuable upon the conversion or exchange thereof is less than
the Applicable Price, then such share of Common Stock shall be deemed to be
outstanding and to have been issued and sold by the Company at the time of the
issuance or sale of such convertible securities for such price per
share.  For the purposes of this Section 8(b)(ii), the lowest
price per share for which one share of Common Stock is issuable upon such
conversion or exchange shall be equal to the sum of the lowest amounts of
consideration (if any) received or receivable by the Company with respect to one
share of Common Stock upon the issuance or sale of the convertible security and
upon conversion or exchange of such convertible security.  No further
adjustment of the Warrant Exercise Price shall be made upon the actual issuance
of such Common Stock upon conversion or exchange of such convertible securities,
and if any such issue or sale of such convertible securities is made upon
exercise of any Options for which adjustment of the Warrant Exercise Price had
been or are to be made pursuant to other provisions of this Section 8(b), no
further adjustment of the Warrant Exercise Price shall be made by reason of such
issue or sale.

     

    (iii)         Change in Option Price or
Rate of Conversion.  If the purchase price provided for in any
Options, the additional consideration, if any, payable upon the issue,
conversion or exchange of any convertible securities, or the rate at which any
convertible securities are convertible into or exchangeable for Common Stock
changes at any time, the Warrant Exercise Price in effect at the time of such
change shall be adjusted to the Warrant Exercise Price which would have been in
effect at such time had such Options or convertible securities provided for such
changed purchase price, additional consideration or changed conversion rate, as
the case may be, at the time initially granted, issued or sold and the number of
Warrant Shares issuable upon exercise of this Warrant shall be correspondingly
readjusted.  For purposes of this Section 8(b)(iii), if the terms of
any Option or convertible security that was outstanding as of the Issuance Date
of this Warrant are changed in the manner described in the immediately preceding
sentence, then such Option or convertible security and the Common Stock deemed
issuable upon exercise, conversion or exchange thereof shall be deemed to have
been issued as of the date of such change.  No adjustment pursuant to
this Section 8(b) shall be made if such adjustment would result in an
increase of the Warrant Exercise Price then in effect.

     

    (iv)        Calculation of Consideration
Received.  If any Common Stock, Options or convertible
securities are issued or sold or deemed to have been issued or sold for cash,
the consideration received therefore will be deemed to be the net amount
received by the Company therefore.  If any Common Stock, Options or
convertible securities are issued or sold for a consideration other than cash,
the amount of such consideration received by the Company will be the fair value
of such consideration, except where such consideration consists of marketable
securities, in which case the amount of consideration received by the Company
will be the market price of such securities on the date of receipt of such
securities.  If any Common Stock, Options or convertible securities
are issued to the owners of the non-surviving entity in connection with any
merger in which the Company is the surviving entity, the amount of consideration
therefore will be deemed to be the fair value of such portion of the net assets
and business of the non-surviving entity as is attributable to such Common
Stock, Options or convertible securities, as the case may be.  The
fair value of any consideration other than cash or securities will be determined
jointly by the Company and the holders of Warrants representing at least
two-Fifths (b) of the Warrant Shares issuable upon exercise of the Warrants then
outstanding.  If such parties are unable to reach agreement within
ten (10) days after the occurrence of an event requiring valuation (the
“Valuation
Event”), the fair value of such consideration will be determined within
five (5) Business Days after the tenth (10th) day
following the Valuation Event by an independent, reputable appraiser jointly
selected by the Company and the holders of Warrants representing at least
two-Fifths (b) of the Warrant Shares issuable upon exercise of the Warrants then
outstanding.  The determination of such appraiser shall be final and
binding upon all parties and the fees and expenses of such appraiser shall be
borne jointly by the Company and the holders of Warrants.

     

    (v)         Integrated
Transactions.  In case any Option is issued in connection with
the issue or sale of other securities of the Company, together comprising one
integrated transaction in which no specific consideration is allocated to such
Options by the parties thereto, the Options will be deemed to have been issued
for a consideration of $0.001.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (vi)        Treasury
Shares.  The number of shares of Common Stock outstanding at
any given time does not include shares owned or held by or for the account of
the Company, and the disposition of any shares so owned or held will be
considered an issue or sale of Common Stock.

     

    (vii)       Record
Date.  If the Company takes a record of the holders of Common
Stock for the purpose of entitling them (1) to receive a dividend or other
distribution payable in Common Stock, Options or in convertible securities or
(2) to subscribe for or purchase Common Stock, Options or convertible
securities, then such record date will be deemed to be the date of the issue or
sale of the shares of Common Stock deemed to have been issued or sold upon the
declaration of such dividend or the making of such other distribution or the
date of the granting of such right of subscription or purchase, as the case may
be.

     

    (c)           Adjustment of Warrant
Exercise Price upon Subdivision or Combination of Common
Stock.  If the Company at any time after the date of issuance
of this Warrant subdivides (by any stock split, stock dividend, recapitalization
or otherwise) one or more classes of its outstanding shares of Common Stock into
a greater number of shares, any Warrant Exercise Price in effect immediately
prior to such subdivision will be proportionately reduced and the number of
shares of Common Stock obtainable upon exercise of this Warrant will be
proportionately increased.  If the Company at any time after the date
of issuance of this Warrant combines (by combination, reverse stock split or
otherwise) one or more classes of its outstanding shares of Common Stock into a
smaller number of shares, any Warrant Exercise Price in effect immediately prior
to such combination will be proportionately increased and the number of Warrant
Shares issuable upon exercise of this Warrant will be proportionately
decreased.  Any adjustment under this Section 8(c) shall become
effective at the close of business on the date the subdivision or combination
becomes effective.

     

    (d)           Distribution of
Assets.  If the Company shall declare or make any dividend or
other distribution of its assets (or rights to acquire its assets) to holders of
Common Stock, by way of return of capital or otherwise (including, without
limitation, any distribution of cash, stock or other securities, property or
options by way of a dividend, spin off, reclassification, corporate
rearrangement or other similar transaction) (a “Distribution”), at
any time after the issuance of this Warrant, then, in each such
case:

     

    (i)           any
Warrant Exercise Price in effect immediately prior to the close of business on
the record date fixed for the determination of holders of Common Stock
entitled to receive the
Distribution shall be reduced, effective as of the close of business on such
record date, to a price determined by multiplying such Warrant Exercise Price by
a fraction of which (A) the numerator shall be the Closing Sale Price of the
Common Stock on the trading day immediately preceding such record date minus the
value of the Distribution (as determined in good faith by the Company’s Board of
Directors) applicable to one share of Common Stock, and (B) the denominator
shall be the Closing Sale Price of the Common Stock on the trading day
immediately preceding such record date; and

     

    (ii)          either
(A) the number of Warrant Shares obtainable upon exercise of this Warrant shall
be increased to a number of shares equal to the number of shares of Common Stock
obtainable immediately prior to the close of business on the record date fixed
for the determination of holders of Common Stock entitled to receive the
Distribution multiplied by the reciprocal of the fraction set forth in the
immediately preceding clause (i), or (B) in the event that the Distribution is
of common stock of a company whose common stock is traded on a national
securities exchange or a national automated quotation system, then the holder of
this Warrant shall receive an additional warrant to purchase Common Stock, the
terms of which shall be identical to those of this Warrant, except that such
warrant shall be exercisable into the amount of the assets that would have been
payable to the holder of this Warrant pursuant to the Distribution had the
holder exercised this Warrant immediately prior to such record date and with an
exercise price equal to the amount by which the exercise price of this Warrant
was decreased with respect to the Distribution pursuant to the terms of the
immediately preceding clause (i).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (e)           Certain
Events.  If any event occurs of the type contemplated by the
provisions of this Section 8 but not expressly provided for by such
provisions (including, without limitation, the granting of stock appreciation
rights, phantom stock rights or other rights with equity features), then the
Company’s Board of Directors will make an appropriate adjustment in the Warrant
Exercise Price and the number of shares of Common Stock obtainable upon exercise
of this Warrant so as to protect the rights of the holders of the Warrants;
provided, except as set forth in section 8(c),that no such adjustment pursuant
to this Section 8(e) will increase the Warrant Exercise Price or decrease the
number of shares of Common Stock obtainable as otherwise determined pursuant to
this Section 8.

     

    (f)           Voluntary Adjustments By
Company.  The Company may at any time during the term of this
Warrant reduce the then current Exercise Price to any amount and for any period
of time deemed appropriate by the Board of Directors of the
Company.

     

    (g)           Notices.

     

    (i)           Immediately
upon any adjustment of the Warrant Exercise Price, the Company will give written
notice thereof to the holder of this Warrant, setting forth in reasonable
detail, and certifying, the calculation of such adjustment.

     

    (ii)          The
Company will give written notice to the holder of this Warrant at least ten (10)
days prior to the date on which the Company closes its books or takes a record
(A) with respect to any dividend or distribution upon the Common Stock,
(B) with respect to any pro rata subscription offer to holders of Common
Stock or (C) for determining rights to vote with respect to any Organic
Change (as defined below), dissolution or liquidation, provided that such
information shall be made known to the public prior to or in conjunction with
such notice being provided to such holder.

     

    (iii)         The
Company will also give written notice to the holder of this Warrant at least ten
(10) days prior to the date on which any Organic Change, dissolution or
liquidation will take place, provided that such information shall be made known
to the public prior to or in conjunction with such notice being provided to such
holder.

     

    Section
9.             Purchase Rights;
Reorganization, Reclassification, Consolidation, Merger or
Sale.

     

    (a)           In
addition to any adjustments pursuant to Section 8 above, if at any time the
Company grants, issues or sells any Options, Convertible Securities or rights to
purchase stock, warrants, securities or other property pro rata to the record
holders of any class of Common Stock (the “Purchase Rights”),
then the Holder will be entitled to acquire, upon the terms applicable to such
Purchase Rights, the aggregate Purchase Rights which the Holder could have
acquired if the Holder had held the number of shares of Common Stock acquirable
upon complete exercise of this Warrant immediately before the date on which a
record is taken for the grant, issuance or sale of such Purchase Rights, or, if
no such record is taken, the date as of which the record holders of Common Stock
are to be determined for the grant, issue or sale of such Purchase
Rights.

     

    (b)          Any
recapitalization, reorganization, reclassification, consolidation, merger, sale
of all or substantially all of the Company’s assets to another Person or other
transaction in each case which is effected in such a way that holders of Common
Stock are entitled to receive (either directly or upon subsequent liquidation)
stock, securities or assets with respect to or in exchange for Common Stock is
referred to herein as an “Organic
Change.”  Prior to the consummation of any (i) sale of all or
substantially all of the Company’s assets to an acquiring Person or (ii) other
Organic Change following which the Company is not a surviving entity, the
Company will secure from the Person purchasing such assets or the successor
resulting from such Organic Change (in each case, the “Acquiring Entity”) a
written agreement (in form and substance satisfactory to Holders representing at
least two-Fifths of the Warrant Shares issuable upon exercise of the Warrants
then outstanding(iii) of the Warrant Shares issuable upon exercise of the
Warrants then outstanding) to deliver to each Holder in exchange for such
Warrants, a security of the Acquiring Entity evidenced by a written instrument
substantially similar in form and substance to this Warrant and satisfactory to
the Holders (including an adjusted warrant exercise price equal to the value for
the Common Stock reflected by the terms of such consolidation, merger or sale,
and exercisable for a corresponding number of shares of Common Stock acquirable
and receivable upon exercise of the Warrants without regard to any limitations
on exercise, if the value so reflected is less than any Applicable Warrant
Exercise Price immediately prior to such consolidation, merger or
sale).  Prior to the consummation of any other Organic Change, the
Company shall make appropriate provision (in form and substance satisfactory to
the Holders representing a majority of the Warrant Shares
issuable upon exercise of the Warrants then outstanding) to insure that each of
the Holders will thereafter have the right to acquire and receive in lieu of or
in addition to (as the case may be) the Warrant Shares immediately theretofore
issuable and receivable upon the exercise of the Holder’s Warrants (without
regard to any limitations on exercise), such shares of stock, securities or
assets that would have been issued or payable in such Organic Change with
respect to or in exchange for the number of Warrant Shares which would have been
issuable and receivable upon the exercise of such holder’s Warrant as of the
date of such Organic Change (without taking into account any limitations or
restrictions on the exercisability of this Warrant).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Seection
10.         Lost, Stolen, Mutilated or
Destroyed Warrant.  If this Warrant is lost, stolen, mutilated
or destroyed, the Company shall promptly, on receipt of an indemnification
undertaking (or, in the case of a mutilated Warrant, the Warrant), issue a new
Warrant of like denomination and tenor as this Warrant so lost, stolen,
mutilated or destroyed.

     

    Section
11.           Notice.  Any
notices, consents, waivers or other communications required or permitted to be
given under the terms of this Warrant must be in writing and will be deemed to
have been delivered:  (i) upon receipt, when delivered
personally; (ii) upon receipt, when sent by facsimile (provided
confirmation of receipt is received by the sending party transmission is
mechanically or electronically generated and kept on file by the sending party);
or (iii) one Business Day after deposit with a nationally recognized
overnight delivery service, in each case properly addressed to the party to
receive the same.  The addresses and facsimile numbers for such
communications shall be:

     

    
      
        
          
            
              
                	
                        If
      to the Company, to:

                      	
                        NeoMedia
      Technologies, Inc.

                      
	 
      	
                        Two
      Concourse Parkway, Suite 500

                      
	 
      	
                        Atlanta,
      GA 30328

                      
	 
      	
                        Attention:  Chief
      Executive Officer or Chief Financial Officer

                      
	 
      	
                        Telephone: 

                      	
                        678-638-0460
      (x132)

                      
	 
      	
                        Facsimile:

                      	
                        678-638-0466

                      
	 
      	 
      
	
                        With
      a copy to:

                      	
                        K&L
      Gates LLP

                      
	 
      	
                        200
      South Biscayne Boulevard – Suite 3900

                      
	 
      	
                        Miami,
      FL  33131-2399

                      
	 
      	
                        Attention:

                      	
                        Clayton
      E. Parker, Esq.

                      
	 
      	
                        Telephone:

                      	
                        (305)
      539-3300

                      
	 
      	
                        Facsimile:

                      	
                        (305)
      358-7095

                      
	 	 
	
                        If
      to Holder:

                      	
                        YA
      Global Investments, L.P.

                      
	 
      	
                        101
      Hudson Street – Suite 3700

                      
	 
      	
                        Jersey
      City, NJ  07302

                      
	 
      	
                        Attention:

                      	
                        Mark
      A. Angelo

                      
	 
      	
                        Telephone:

                      	
                        (201)
      985-8300

                      
	 
      	
                        Facsimile:

                      	
                        (201)
      985-8266

                      
	 
      	 
      
	
                        With
      Copy to:

                      	
                        David
      Gonzalez, Esq.

                      
	 
      	
                        101
      Hudson Street – Suite 3700

                      
	 
      	
                        Jersey
      City, NJ 07302

                      
	 
      	
                        Telephone:

                      	
                        (201)
      985-8300

                      
	 
      	
                        Facsimile:

                      	
                        (201)
      985-8266

                      

              

            

          

        

      

    

    

    or at
such other address and facsimile as shall be delivered to the Company upon the
issuance or transfer of this Warrant.  Each party shall provide five
(5) days’ prior written notice to the other party of any change in address or
facsimile number.  Written confirmation of receipt (A) given by
the recipient of such notice, consent, facsimile, waiver or other communication,
(or (B) provided by a nationally recognized overnight delivery service
shall be rebuttable evidence of personal service, receipt by facsimile or
receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Section
12.           Date.  The
date of this Warrant is set forth on page 1 hereof.  This Warrant,
in all events, shall be wholly void and of no effect after the close of
business on the Expiration Date, except that notwithstanding any other
provisions hereof, the provisions of Section 8(b) shall continue in full
force and effect after such date as to any Warrant Shares or other securities
issued upon the exercise of this Warrant.

     

    Section
13.           Amendment and
Waiver.  Except as otherwise provided herein, the provisions of
the Warrants may be amended and the Company may take any action herein
prohibited, or omit to perform any act herein required to be performed by it,
only if the Company has obtained the written consent of the Holders representing
at least two-Fifths of the Warrant Shares issuable upon exercise of the Warrants
then outstanding; provided that, except for Section 8(d), no such action may
increase the Warrant Exercise Price or decrease the number of shares or class of
stock obtainable upon exercise of any Warrant without the written consent of the
holder of such Warrant.

     

    Section
14.           Descriptive Headings;
Governing Law.  The descriptive headings of the several
sections and paragraphs of this Warrant are inserted for convenience only and do
not constitute a part of this Warrant.  The corporate laws of the
State of Delaware shall govern all issues concerning the relative rights of the
Company and its stockholders.  All other questions concerning the
construction, validity, enforcement and interpretation of this Agreement shall
be governed by the internal laws of the State of New Jersey, without giving
effect to any choice of law or conflict of law provision or rule (whether of the
State of New Jersey or any other jurisdictions) that would cause the application
of the laws of any jurisdictions other than the State of New
Jersey.  Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in Hudson County and the
United States District Court for the District of New Jersey, for the
adjudication of any dispute hereunder or in connection herewith or therewith, or
with any transaction contemplated hereby or discussed herein, and hereby
irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such
court, that such suit, action or proceeding is brought in an inconvenient forum
or that the venue of such suit, action or proceeding is
improper.  Each party hereby irrevocably waives personal service of
process and consents to process being served in any such suit, action or
proceeding by mailing a copy thereof to such party at the address for such
notices to it under this Agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof.  Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law.

     

    Section
15.           Waiver of
Jury Trial.  AS A MATERIAL INDUCEMENT
FOR EACH PARTY HERETO TO ENTER INTO THIS WARRANT, THE PARTIES HERETO HEREBY
WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING RELATED IN ANY WAY TO
THIS WARRANT AND/OR ANY AND ALL OF THE OTHER DOCUMENTS ASSOCIATED WITH THIS
TRANSACTION.

    

    REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
Company has caused this Warrant to be signed as of the date first set forth
above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        	 	
                                NEOMEDIA
      TECHNOLOGIES, INC.

                              
	 	 
      
	 	
                                By:

                              	
                                /s/ Michael W. Zima

                              
	 	

                                Name:

                              	

                                Michael
      W. Zima

                              
	 	

                                Title:

                              	

                                Chief
      Financial
OfficerExhibit
10.6

     

    SEVENTH RATIFICATION
AGREEMENT

    

    THIS SEVENTH RATIFICATION AGREEMENT
(hereinafter, this “Agreement”) made this 8th day
of February, 2011 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 $650,000.00 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 “Second 2011 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 February 8,
  2011:

            

    

     

    
      
        
          
            
              
                
                  	
                          Principal

                        	 	$	5,000,000.00	 
	
                          Interest

                        	 	$	1,928,729.85	 
	
                          Total

                        	 	$	6,928,729.85	 

                

              

            

          

        

      

    

    

    
      	
               
      

            	
              b.

            	
              Owed
      under the CCP-2 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              
                
                  
                    	
                            Principal

                          	 	$	2,500,000.00	 
	
                            Interest

                          	 	$	965,273.12	 
	
                            Total

                          	 	$	3,465,573.12	 

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              c.

            	
              Owed
      under the NEOM-4-1 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	7,458,651.00	 
	
                      Interest

                    	 	$	2,756,299.25	 
	
                      Total

                    	 	$	10,214,950.25	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              d.

            	
              Owed
      under the NEOM-1-1 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	1,775,000.00	 
	
                      Interest

                    	 	$	858,516.44	 
	
                      Total

                    	 	$	2,633,516.44	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              e.

            	
              Owed
      under the NEOM-2008-1 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	390,000.00	 
	
                      Interest

                    	 	$	168,025.00	 
	
                      Total

                    	 	$	558,025.00	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              f.

            	
              Owed
      under the NEOM-2008-2 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	500,000.00	 
	
                      Interest

                    	 	$	207,916.67	 
	
                      Total

                    	 	$	707,916.67	 

            

          

        

      

    

    

    
      	
               
      

            	
              g.

            	
              Owed
      under the NEOM-2008-3 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	790,000.00	 
	
                      Interest

                    	 	$	324,229.17	 
	
                      Total

                    	 	$	1,114,229.17	 

            

          

        

      

    

    

    
      	
               
      

            	
              h.

            	
              Owed
      under the NEOM-2008-4 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	137,750.00	 
	
                      Interest

                    	 	$	54,124.27	 
	
                      Total

                    	 	$	191,874.27	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              i.

            	
              Owed
      under the NEOM-9-1 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	2,325,000.00	 
	
                      Interest

                    	 	$	824,005.48	 
	
                      Total

                    	 	$	3,149,005.48	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              j.

            	
              Owed
      under the NEOM-9-2 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	2,325,000.00	 
	
                      Interest

                    	 	$	742,853.42	 
	
                      Total

                    	 	$	3,067,853.42	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              k.

            	
              Owed
      under the NEOM-9-4 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	258,035.80	 
	
                      Interest

                    	 	$	93,684.04	 
	
                      Total

                    	 	$	351,720.84	 

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              l.

            	
              Owed
      under the NEOM-9-5 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	715,000.00	 
	
                      Interest

                    	 	$	168,113.15	 
	
                      Total

                    	 	$	883,113.15	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              m.

            	
              Owed
      under the NEOM-9-6 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	535,000.00	 
	
                      Interest

                    	 	$	117,582.74	 
	
                      Total

                    	 	$	652,582.74	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              n.

            	
              Owed
      under the NEOM-9-7 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	475,000.00	 
	
                      Interest

                    	 	$	98,930.14	 
	
                      Total

                    	 	$	569,646.58	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              o.

            	
              Owed
      under the NEOM-10-1 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	2,006,137.04	 
	
                      Interest

                    	 	$	197,755.64	 
	
                      Total

                    	 	$	2,203,892.68	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              p.

            	
              Owed
      under the NEOM-10-2 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	550,000.00	 
	
                      Interest

                    	 	$	37,761.64	 
	
                      Total

                    	 	$	587,761.64	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              q.

            	
              Owed
      under the NEOM-10-3 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	475,000.00	 
	
                      Interest

                    	 	$	24,049.32	 
	
                      Total

                    	 	$	499,049.32	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              r.

            	
              Owed
      under the NEOM-10-4 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	400,000.00	 
	
                      Interest

                    	 	$	15,802.74	 
	
                      Total

                    	 	$	415,802.74	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              s.

            	
              Owed
      under the NEOM-10-5 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	450,000.00	 
	
                      Interest

                    	 	$	9,665.75	 
	
                      Total

                    	 	$	459,665.75	 

            

          

        

      

    

    

     

    
      	
               
      

            	
              t.

            	
              Owed
      under the NEOM-11-1 Debenture as of February 8,
  2011:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	450,000.00	 
	
                      Interest

                    	 	$	5,178.08	 
	
                      Total

                    	 	$	455,178.08	 

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              u.

            	
              For
      all interest accruing from and after February 8, 2011 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 1, 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
      $40,000.00 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 $650,000.00 (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
      Second 2011 Debenture and the Related Documents, the New Loan shall (a) be
      made by the Lender in accordance with the terms and conditions of the
      Second 2011 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/ Gerald Eicke

                                            	 
      	
                                              By:

                                            	
                                              /s/ Michael W. Zima

                                            
	

                                              Name: 

                                            	

                                              Gerald
      Eicke

                                            	 	

                                              Name:

                                            	

                                              Michael
      W. Zima

                                            
	

                                              Title:

                                            	

                                              Managing
      Member

                                            	 	

                                              Title:

                                            	

                                              CFO

                                            

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    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”);

            

    

     

    
      	
               
      

            	
              18.

            	
              Secured
      Convertible Debenture dated October 28, 2010 issued by the Company to the
      Investor in the original principal amount of $400,000 (hereinafter, as
      amended and in effect, the “NEOM-10-4
  Debenture”),

            

    

     

    
      	
               
      

            	
              19.

            	
              Secured
      Convertible Debenture dated December 15, 2010 issued by the Borrower to
      the Lender in the original principal amount of $450,000.00 (hereinafter,
      as amended and in effect, the “NEOM-10-5
  Debenture”);

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              20.

            	
              Secured
      Convertible Debenture dated January 10, 2011 issued by the Borrower to the
      Lender in the original principal amount of $450,000.00 (hereinafter, as
      amended and in effect, the “NEOM-11-1 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, the NEOM-10-4 Debenture
      and the NEOM-10-5 Debenture and the Second 2011 Debenture, the
      “Debentures”);

            

    

     

    
      	
               
      

            	
              21.

            	
              Promissory
      Note dated April 1, 2010 made by the Company payable to the Investor 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”);

            

    

     

    
      	
               
      

            	
              22.

            	
              Master
      Amendment Agreement dated as of March 27, 2007 by and between the Company
      and the Investor;

            

    

     

    SECURITIES PURCHASE
AGREEMENTS

     

    
      	
               
      

            	
              23.

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

            

    

     

    
      	
               
      

            	
              24.

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

            

    

     

    
      	
               
      

            	
              25.

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

            

    

     

    
      	
               
      

            	
              26.

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

            

    

     

    
      	
               
      

            	
              27.

            	
              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;

            

    

     

    
      	
               
      

            	
              28.

            	
              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;

            

    

     

    
      	
               
      

            	
              29.

            	
              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;

            

    

     

    
      	
               
      

            	
              30.

            	
              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;

            

    

     

    
      	
               
      

            	
              31.

            	
              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;

            

    

     

    
      	
               
      

            	
              32.

            	
              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;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              33.

            	
              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;

            

    

     

    
      	
               
      

            	
              34.

            	
              Agreement,
      dated as of October 28, 2010, by and among the Company and the Investor
      pursuant to which the Investor purchased a Secured Convertible Debenture
      in the original principal amount of
$400,000;

            

    

     

    
      	
               
      

            	
              35.

            	
              Agreement,
      dated as of December 15, 2010, by and among the Company and the Investor
      pursuant to which the Investor purchased a Secured Convertible Debenture
      in the original principal amount of
$450,000;

            

    

     

    
      	
               
      

            	
              36.

            	
              Agreement,
      dated as of January 10, 2011, by and among the Borrower and the Lender
      pursuant to which the Lender purchased a Secured Convertible Debenture in
      the original principal amount of
$450,000.00;

            

    

      

    SECURITY
DOCUMENTS

     

    
      	
               
      

            	
              37.

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

            

    

     

    
      	
               
      

            	
              38.

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

            

    

     

    
      	
               
      

            	
              39.

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

            

    

     

    
      	
               
      

            	
              40.

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

            

    

     

    
      	
               
      

            	
              41.

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

            

    

     

    
      	
               
      

            	
              42.

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

            

    

     

    
      	
               
      

            	
              43.

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

            

    

     

    
      	
               
      

            	
              44.

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

            

    

     

    
      	
               
      

            	
              45.

            	
              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”);

            

    

     

    
      	
               
      

            	
              46.

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

            

    

     

    WARRANTS

     

    
      	
               
      

            	
              47.

            	
              “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;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              48.

            	
              “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;

            

    

     

    
      	
               
      

            	
              49.

            	
              “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;

            

    

     

    
      	
               
      

            	
              50.

            	
              “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;

            

    

     

    
      	
               
      

            	
              51.

            	
              “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;

            

    

     

    
      	
               
      

            	
              52.

            	
              “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;

            

    

     

    
      	
               
      

            	
              53.

            	
              “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;

            

    

     

    
      	
               
      

            	
              54.

            	
              “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;

            

    

     

    
      	
               
      

            	
              55.

            	
              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;

            

    

     

    
      	
               
      

            	
              56.

            	
              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;

            

    

     

    
      	
               
      

            	
              57.

            	
              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;

            

    

     

    
      	
               
      

            	
              58.

            	
              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;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              59.

            	
              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;

            

    

     

    
      	
               
      

            	
              60.

            	
              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;

            

    

     

    
      	
               
      

            	
              61.

            	
              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;

            

    

     

    
      	
               
      

            	
              62.

            	
              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;

            

    

     

    
      	
               
      

            	
              63.

            	
              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;

            

    

     

    
      	
               
      

            	
              64.

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

            

    

     

    
      	
               
      

            	
              65.

            	
              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;

            

    

     

    
      	
               
      

            	
              66.

            	
              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;

            

    

     

    
      	
               
      

            	
              67.

            	
              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;

            

    

     

    
      	
               
      

            	
              68.

            	
              Warrant
      No.: NEOM-1010 dated October 28, 2010 executed and delivered to the
      Investor by the Company granting the Investor the right to purchase
      600,000 shares of the Company’s common
stock;

            

    

     

    
      	
               
      

            	
              69.

            	
              Warrant
      No.: NEOM-1210 dated December 15, 2010 executed and delivered to the
      Investor by the Company granting the Investor the right to purchase
      1,250,000 shares of the Company’s common
stock;

            

    

     

    
      	
               
      

            	
              70.

            	
              Warrant
      No.: NEOM-0111 dated January 10, 2011 executed and delivered to the Lender
      by the Borrower granting the Lender the right to purchase 1,250,000 shares
      of the Borrower’s common stock;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    REGISTRATION RIGHTS
AGREEMENTS

     

    
      	
               
      

            	
              71.

            	
              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;

            

    

     

    
      	
               
      

            	
              72.

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

            

    

     

    
      	
               
      

            	
              73.

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

            

    

     

    
      	
               
      

            	
              74.

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

            

    

     

    
      	
               
      

            	
              75.

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

            

    

     

    
      	
               
      

            	
              76.

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

            

    

     

    TRANSFER AGENT
INSTRUCTIONS

     

    
      	
               
      

            	
              77.

            	
              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.;

            

    

     

    
      	
               
      

            	
              78.

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

            

    

     

    
      	
               
      

            	
              79.

            	
              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.;

            

    

     

    
      	
               
      

            	
              80.

            	
              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.;

            

    

     

    
      	
               
      

            	
              81.

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

            

    

     

    
      	
               
      

            	
              82.

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

            

    

     

    
      	
               
      

            	
              83.

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

            

    

     

    
      	
               
      

            	
              84.

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

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              85.

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

            

    

     

    
      	
               
      

            	
              86.

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

            

    

     

    
      	
               
      

            	
              87.

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

            

    

     

    
      	
               
      

            	
              88.

            	
              Irrevocable
      Transfer Agent Instructions dated October 28, 2010 from the Company to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              89.

            	
              Irrevocable
      Transfer Agent Instructions dated December 15, 2010 from the Company to
      Worldwide Stock Transfer, LLC;

            

    

     

    
      	
               
      

            	
              90.

            	
              Irrevocable
      Transfer Agent Instructions dated January 10, 2011 from the Borrower to
      Worldwide Stock Transfer, LLC;

            

    

     

    OTHER
DOCUMENTS

     

    
      	
               
      

            	
              91.

            	
              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.;

            

    

     

    
      	
               
      

            	
              92.

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

            

    

     

    
      	
               
      

            	
              93.

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

            

    

     

    
      	
               
      

            	
              94.

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

            

    

     

    
      	
               
      

            	
              95.

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

            

    

     

    
      	
               
      

            	
              96.

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

            

    

     

    
      	
               
      

            	
              97.

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

            

    

     

    
      	
               
      

            	
              98.

            	
              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;

            

    

     

    
      	
               
      

            	
              99.

            	
              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;

            

    

     

    
      	
               
      

            	
              100.

            	
              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;

            

    

     

    
      	
               
      

            	
              101.

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

            

    

     

    
      	
               
      

            	
              102.

            	
              Ratification
      Agreement dated as of August 13, 2010 entered into by and between the
      Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              103.

            	
              Ratification
      Agreement dated as of September 29, 2010 entered into by and between the
      Borrower and the Lender;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              104.

            	
              Ratification
      Agreement dated as of October 28, 2010 entered into by and between the
      Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              105.

            	
              Ratification
      Agreement dated as of December 15, 2010 entered into by and between the
      Borrower and the Lender;

            

    

     

    
      	
               
      

            	
              106.

            	
              Ratification
      Agreement dated as of January 10, 2011 entered into by and between the
      Borrower and the Lender; and

            

    

     

    
      	
               
      

            	
              107.

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}]]