Document:

Exhibit
10.6

          

    

    Agreement
on the Pledge of Intellectual

    Property
Rights as Collateral

    

    (Vereinbarung
über die Verpfändung von geistigen

    Eigentumsrechten)

    

    NeoMedia
Europe AG

    and

    YA Global
Investments, L.P.

    

    EXECUTION
COPY

    

    August
13, 2010

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    THIS
AGREEMENT ON THE PLEDGE OF INTELLECTUAL PROPERTY RIGHTS AS COLLATERAL (the
"Agreement")

     

    is made
between

     

    1.           NeoMedia Europe AG,
Jens-Otto-Krag-Straße 11, 52146 Würselen, Germany

     

    "Pledgor"

     

    and

     

    2.           YA Global Investments, L.P.,
acting through Yorkville Advisors LLC, 101 Hudson Street, Suite 3700, Jersey
City, New Jersey 07302, USA

     

    "Pledgee"

     

    - Pledgor
and Pledgee hereinafter collectively referred to as the "Parties" and each as a "Party" -

    

    
      Preamble

    

    
      	
              A.

            	
              The
      Pledgor, a German stock corporation (Aktiengesellschaft)
      registered with the commercial register at the local court of Aachen under
      registration number HRB 8599, is a 100% subsidiary of NeoMedia
      Technologies, Inc., a Delaware corporation with its principal office
      located at Two Concourse Parkway, Suite 500, Atlanta, GA 30328, USA
      (“NeoMedia Inc.”).
      NeoMedia Inc. is the sole shareholder of 222,000 registered no-par value
      shares with restricted transferability (vinkulierte, auf den Namen
      lautende Stückaktien) (the "Shares") in the
      Pledgor.

            

    

     

    
      	
              B.

            	
              The
      Pledgee and NeoMedia Inc. are Parties to a variety of financing agreements
      pursuant to which the Pledgee has provided to NeoMedia Inc. since 2006
      both equity and debt financing of which the current outstanding principal
      and/or liquidation value is $38,368,538.04 (in words: US-Dollars thirty
      eight million, three hundred sixty eight thousand, five hundred
      thirty-eight dollars and four cents) (the “Existing Financing”).
      All existing financing and security agreements previously entered into
      between the Pledgee and NeoMedia Inc. are listed in Annex 1 to this
      agreement (the “Existing
      Financing Documents”).

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
              C.

            	
              In
      order to secure the liquidity of NeoMedia Inc. and its group companies
      (including the Pledgor), Pledgee has provided to NeoMedia Inc. a senior
      secured convertible debenture with a principal amount of $ 2,006,137.04
      (in words: US-Dollars two million, six thousand, one hundred thirty seven
      dollars and four cents), included in the total debt and equity financing
      described above, with an interest rate of 14% p.a. and with a maturity
      date being July 29, 2012 (the “New Financing”). The New
      Financing is based on the following transaction documents: (i) a
      Ratification Agreement, (ii) Irrevocable Transfer Agent Instructions,
      (iii) a Secured Convertible Debenture, (iv) a Securities Purchase
      Agreement and (v) a Warrant (collectively the “New Financing Transaction
      Documents”). The New Financing Transaction Documents were executed
      on May 27, 2010. The Pledgor will have access to the funds provided to its
      parent entity NeoMedia Inc. under the New Financing for its general
      working capital purposes.

            

    

     

    
      	
              D.

            	
              Pursuant
      to Section 7 of the Ratification Agreement NeoMedia Inc. has undertaken to
      cooperate fully with the Pledgee to cause the Pledgor (subject to and to
      the extent permissible under German law) to execute and deliver to the
      Pledgee any and all documents, instruments, or agreements in a form and
      substance acceptable to the Pledgee in all respects (including, without
      limitation, a Share Pledge Agreement, Security Assignment Agreement, and
      IP Pledge Agreement) pursuant to which the Pledgor shall become a
      guarantor of the Obligations (as defined in Section 1 of the Ratification
      Agreement) and grant a first priority perfected security interest in favor
      of the Pledgee in all of the Pledgor's assets, including without
      limitation, all intellectual
property.

            

    

     

    
      	
              E.

            	
              In
      order to give effect to the foregoing, and without prejudice to any other
      security interests already provided under the Existing Financing Documents
      or to be provided as condition precedent to the closing of the New
      Financing, Pledgor herewith grants Pledgee a security interest in form of
      a pledge of its Intellectual Property rights (Verpfändung von geistigen
      Eigentumsrechten) over its movable
  assets.

            

    

     

    Now,
therefore, the Parties enter in the following agreement (the "Agreement") as
follows:

     

    
      	
              1.

            	
              Definitions
      and Language

            

    

     

    
      	
              1.1

            	
              Terms
      used but not otherwise defined herein shall have the meanings ascribed
      thereto in the New Financing Transaction
  Documents.

            

    

     

    
      	
              1.2

            	
              However,
      the following terms, as used herein, shall have the following
      meanings:

            

    

     

    
      "Event of Enforcement" means
that the requirements with regard to the enforcement of any of the Pledges are
met, in particular the requirements set forth in Section 1204 et seq. and Section 1273
et seq. of the German
Civil Code (Bürgerliches
Gesetzbuch, BGB) (Pfandreife) and any or all of
the Secured Obligations are not paid when due (fällig).

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      “Intellectual Property” means
any and all presently or future (partially or fully) owned intellectual property
rights such as patents, trademarks, utility models (granted/registered and
corresponding applications) including reissues or extensions thereof as well as
any and all licenses, which the Pledgor has granted or will be granting with
respect to the intellectual property rights.

       

    

    
      "Lien" means any mortgage, deed
of trust, pledge, hypothecation, assignment, charge, deposit arrangement,
encumbrance, lien (statutory or other), security interest or preference,
priority or other security agreement or preferential arrangement of any kind or
nature whatsoever intended to assure payment of any indebtedness or the
performance of any other obligation, including any conditional sale or other
title retention agreement.

       

    

    
      “Pledge” or “Pledges” has the meaning given
to such term in Clause 2 hereof.

       

    

    
      “Proceeds” has the meaning
given to such term in Clause 2 hereof.

       

    

    
      "Secured Obligations" means any
and all obligations (present and future, actual and contingent) which are (or
are expressed to be) or become owing by NeoMedia Inc. and its affiliates and
subsidiaries (including the Pledgor) to the Pledgee under the Existing Financing
and the New Financing, in particular, the Secured Convertible Debenture, and
under any additional future financing provided by the Pledgee to NeoMedia Inc.,
as the case might be. The Secured Obligations shall, for the avoidance of doubt,
also include obligations incurred by the Pledgor on or after the opening of
insolvency proceedings, shall apply to the Pledgor irrespective of any corporate
restructuring or transformation and shall also apply to any contingent
obligations on the grounds of invalidity or unenforceability of the Existing
Financing Documents and / or the New Financing Transaction Documents, in
particular claims on the grounds of unjustified enrichment (ungerechtfertigte
Bereicherung).

       

    

    
      "Secured Party" means the
Pledgee.

       

    

    
      	
              2.

            	
              Pledging
      of Intellectual Property Rights as
Collateral

            

    

     

    
      The
Pledgor, as collateral security for the full and complete payment when due
(whether at stated maturity, by acceleration or otherwise) of the Secured
Obligations, hereby grants a first ranking pledge (erstrangiges Pfandrecht) to
the Pledgee as collateral all of its right, title and interest in, to and under
the following Intellectual Property of Pledgor which the Pledgee hereby accepts.
In detail:

    

     

    
      	
              2.1

            	
              all
      of its presently or future owned Trademarks and Trademark applications as
      well as exclusive Licenses relating to Trademarks to which it is a party,
      including but not limited to those referred to in Annex 2
      hereto;

            

    

     

    
      
        	
              	
                (a)

              	
                all
      renewals, reissues, continuations or extensions of the
      foregoing;

              

      

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      
        	
              	
                (b)

              	
                all
      proceeds of the foregoing, including any claim by the Pledgor against
      third parties for past, present, future (i) infringement or dilution of
      any trademark or trademark licensed under any trademark license or (ii)
      injury to the goodwill associated with any trademark or any trademark
      licensed under any trademark
license;

              

      

    

     

    
      	
              2.2

            	
              all
      of its presently or future owned patents, patent applications and
      exclusive patent licenses to which it is a party, including but not
      limited to those referred to in Annex 2
      hereto;

            

    

     

    
      
        	
              	
                (a)

              	
                all
      renewals, reissues, continuations or extensions of the
      foregoing;

              

      

       

    

    
      
        	
              	
                (b)

              	
                all
      proceeds of the foregoing, including any claim by the Pledgor against
      third parties for past, present, future infringement of any patent or
      patent licensed under any patent
license.

              

      

    

     

    
      	
              2.3

            	
              all
      of its presently or future owned Intellectual Property rights except those
      mentioned in Sections 2.1 and 2.2 above and licenses to which it is a
      party, including but not limited to those referred to in Annex 2
      hereto;

            

    

     

    
      
        	
              	
                (a)

              	
                all
      renewals, reissues, continuations or extensions of the
      foregoing;

              

      

       

    

    
      
        	
              	
                (b)

              	
                all
      proceeds of the foregoing, including any claim by the Pledgor against
      third parties for past, present, future infringement of any patent or
      patent licensed under any patent
license.

              

      

    

     

    
      	
              2.4

            	
              The
      proceeds in Sections 2.1, 2.2 and 2.3 are collectively referred to as the
      “Proceeds”.

            

    

     

    
      	
              2.5

            	
              The
      pledging as collateral covers all future Intellectual Property rights of
      the Pledgor and Proceeds thereof, if legally possible. The Parties agree
      that, if legally possible, no separate agreements on pledging of
      Intellectual Property rights as collateral shall be concluded, but that
      this Agreement covers the pledging of future Intellectual Property rights
      as collateral. Future Intellectual Property rights shall be deemed to be
      pledged to the Pledgee as collateral at the time of their coming into
      existence. If pledging of future Intellectual Property rights is not
      legally possible, Pledgor hereby undertakes to grant a pledge at the time
      the respective Intellectual Property right comes into
      existence.

            

    

     

    
      	
              2.6

            	
              The
      Pledgee hereby accepts the Pledges and Pledgor’s undertaking to grant
      pledges in the future.

            

    

     

    
      	
              2.7

            	
              The
      validity and effect of each Pledge shall be independent from the validity
      and the effect of any other Pledge created
  hereunder.

            

    

     

    
      	
              2.8

            	
              Each
      of the Pledges is in addition, and without prejudice, to any other
      security the Pledgee may now or hereafter hold as security for the Secured
      Obligations.

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
              2.9

            	
              For
      the avoidance of doubt, the Parties agree that nothing in this Agreement
      shall exclude a transfer of all or part of the Pledges created hereunder
      by operation of law upon the transfer or assignment (including by way of
      assumption (Vertragsübernahme)) of
      all or part of the Secured Obligations by the Pledgee to any third
      party.

            

    

     

    
      	
              2.10

            	
              Waiving
      Section 418 BGB, the Parties hereto agree that the security created
      hereunder shall not cease to exist by any transfer or assumption of the
      Secured Obligations to, or by, any third party
  debtor.

            

    

     

    
      	
              3.

            	
              Purpose
      of Pledge

            

    

     

    
      	
              3.1

            	
              The
      Pledges affirmed herein are granted to the Pledgee to secure the Secured
      Obligations.

            

    

     

    
      	
              3.2

            	
              Notwithstanding
      that claims, titles, rights and remedies associated with the Intellectual
      Property are pledged hereunder, the Pledgor is entitled to exercise all
      rights and powers in respect of each of the Intellectual Property subject
      to Pledgor’s responsibilities according to Section 6 unless an event
      of default as set out in any of the Existing Financing Documents or the
      New Financing Transaction Documents (in particular as set forth in clause
      2 of the Secured Convertible Debenture) ("Event of Default") has
      occurred.

            

    

     

    
      	
              4.

            	
              Rights
      of Use regarding the Intellectual Property
  rights

            

    

     

    
      	
              4.1

            	
              The
      Pledgor is entitled to use the Intellectual Property rights without
      restrictions in its business without the prior consent of the Pledgee and
      without the obligation to pay remuneration of any kind to the Pledgee.
      This entitlement includes future applications and registrations of
      Intellectual Property rights on terms usual in the market. The right of
      use includes the right to grant non-exclusive licenses. It does not
      include the right to grant exclusive licenses as well as measures to which
      the Pledgor is not entitled pursuant to Section 6.1 of this
      Agreement.

            

    

     

    
      	
              4.2

            	
              The
      Pledgor is entitled to receive and retain Proceeds on the licensing of the
      Intellectual Property rights until such time as the Pledgee is entitled to
      enforce the Pledges (or any part thereof) constituted hereunder. Upon the
      occurrence of an Event of Enforcement, the Pledgor's rights to receive
      Proceeds shall cease and the Pledgee shall have the sole and exclusive
      right to receive the Proceeds and to apply such Proceeds in accordance
      with Section 8 (Enforcement of the Pledges)
  below.

            

    

     

    
      	
              4.3

            	
              If
      such Proceeds are received by the Pledgor after the occurrence of an Event
      of Enforcement, the Proceeds shall be received by the Pledgor as trustee
      for the benefit of the Pledgee and shall be segregated from other property
      or funds of the Pledgor and shall be forthwith delivered to the Pledgee
      for the benefit of the Pledgee in the form so received (with any necessary
      endorsement).

            

    

     

    
      	
              4.4

            	
              The
      Pledgor will be listed as owner of the Intellectual Property rights in the
      relevant public registers, especially the patent and trademark registers,
      until the Pledgee establishes an Event of Enforcement. The foregoing
      applies to future applications and registrations of Intellectual Property
      rights as well.

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
              4.5

            	
              The
      Pledgor is entitled and obliged to defend Intellectual Property rights on
      its own behalf and at its own expense against interferences by third
      parties (especially in case of opposition, nullity and cancellation
      proceedings) and infringements unless the Pledgor reasonably determines
      the hopelessness (Aussichtslosigkeit) or
      the economical unreasonableness of the case. The Pledgor is entitled to
      assert the Intellectual Property rights on its own behalf in court or
      otherwise. Regarding the Pledgee’s right to information and participation,
      Section 6.2 applies.

            

    

     

    
      	
              4.6

            	
              The
      Pledgee is entitled to revoke the Pledgor's right of use pursuant to the
      previous clauses with a notice period of ten (10) days if (i) an Event of
      Default occurs and the requirements for the enforcement of the Pledges are
      met (Pfandreife)
      or, without prior notice, (ii) if insolvency proceedings regarding the
      assets of the Pledgor have been
initiated.

            

    

     

    
      	
              5.

            	
              Representations
      and Warranties by Pledgor

            

    

     

    
      	
              5.1

            	
              The
      Pledgor represents and warrants to the Pledgee (within the meaning of an
      independent guarantee (“selbständiges Garantieversprechen”) pursuant to
      Section 311 BGB) at the time this Agreement is signed
  that

            

    

     

    
      	
               
      

            	
              (a)

            	
              the
      Pledgor is duly incorporated, validly existing and entitled to sign this
      Agreement, that it has obtained all necessary approvals before signing
      this Agreement and that it is able to fulfil all obligations arising from
      this Agreement without
restrictions;

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      information contained in Annex 2 is
      complete, precise and correct according to the Pledgor' s best knowledge
      and after careful consideration. The Intellectual Property rights listed
      in Annex
      2 are all the Intellectual Property rights the Pledgor owns and
      there are no further Intellectual Property rights or pending applications
      for Intellectual Property rights of Pledgor
  existing;

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      Pledgor is the applicant or true owner, respectively, of the Intellectual
      Property rights listed in Annex
      2;

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      Pledgor has applied for the registration of Intellectual Property rights
      and the acts which are necessary for maintaining the Intellectual Property
      rights (especially the payment of fees) have been carried out in due
      time;

            

    

     

    
      	
               
      

            	
              (e)

            	
              according
      to the Pledgor's best knowledge the Intellectual Property rights existing
      at the time of signing this Agreement are not disputed by any third party
      regarding their validity and definitiveness apart from those disputes as
      registered with the Office for Harmonization in the Internal Market (Trade
      Marks and Designs) (OHIM) or the
      German Patent and Trade Mark Office (DPMA);
and

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (e)

            	
              the
      Intellectual Property rights have not been pledged, assigned or the like
      to third parties; no third party has any rights to use the Intellectual
      Property rights except such Intellectual Property rights, which have been
      granted to third parties in accordance with Section 4.1 above.
      and

            

    

     

    
      	
               
      

            	
              (g)

            	
              the
      Intellectual Property rights existing at the time of signing this
      Agreement have not been infringed by third parties according to the actual
      knowledge of the Pledgor.

            

    

     

    
      	
              5.2

            	
              The
      execution and performance hereof, do not and will not (i) violate any
      provision of law or the articles of association of the Pledgor, or any
      order of any court or any rule, regulation or order of any governmental
      agency, authority, instrumentality or regulatory body to which the Pledgor
      is bound, (ii) violate any provision of any agreement or other instrument
      to which the Pledgor is bound, (iii) be in conflict with, result in a
      breach of or constitute (with notice or lapse of time or both) a default
      under any such agreement or other instrument, or (iv) result in the
      creation or imposition of any Lien upon any property or assets of the
      Pledgor, except for Liens created
hereby.

            

    

     

    
      	
              5.3

            	
              No
      consents, licenses, approvals or authorizations of, registrations with or
      declarations to any governmental authority are required in connection with
      the execution and performance
hereof.

            

    

     

    
      	
              5.4

            	
              The
      obligations of the Pledgor hereunder are legal, valid, binding and
      enforceable in accordance with their
terms.

            

    

     

    
      	
              5.5

            	
              The
      Pledges constitute legal, valid and binding pledges under the laws of the
      Federal Republic of Germany in the Intellectual Property rights and the
      Proceeds, enforceable against the Pledgor and third parties in accordance
      with the terms hereof and in particular without enforceable judgment (vollstreckbarer
      Titel).

            

    

     

    
      	
              5.6

            	
              The
      Pledges constitute first ranking pledges (erstrangige
      Pfandrechte).

            

    

     

    The
foregoing representations and warranties in sections 5.4 and 5.5 are provided
subject to the effect of applicable insolvency, moratorium, or similar laws
affecting the rights of parties and creditors generally.

     

    
      	
              6.

            	
              Responsibilities
      of Pledgor

            

    

     

    
      	
              6.1

            	
              The
      Pledgor covenants to undertake all reasonable acts and omissions, if
      economically reasonable, which cause the Intellectual Property
      rights:

            

    

     

    
      
        	
              	
                (a)

              	
                to
      come into full force,

              

      

      

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        
           

        

        
          
            	
                  	
                    (b)

                  	
                    to
      stay in full force (among other things to timely pay the fees necessary
      for upholding the Intellectual Property rights, not to waiver (neither in
      full or in part) any Intellectual Property rights or perform other acts
      which result in the full or partial termination or the Intellectual
      Property rights),

                  

          

             

        

        
          
            	
                  	
                    (c)

                  	
                    to
      be protected at their full economic
value,

                  

          

              

        

        
          
            	
                  	
                    (d)

                  	
                    to
      serve as unrestrained collateral for the Pledgee, in particular the
      Pledgor undertakes not to create or agree or permit to exist (in favor of
      any person other than the Pledgee), any Lien over the whole or any part of
      the Intellectual Property rights or agree to do so (other than the Pledges
      created hereunder), except as permitted by the Pledgee by prior written
      consent.

                  

          

             

        

        
          	
                  6.2

                	
                  The
      Pledgor covenants to notify the Pledgee without undue delay (unverzüglich) in
      writing of any event or circumstance which might reasonably be expected to
      have a material adverse effect on the validity or enforceability of any of
      the Pledges. In particular, the Pledgor shall without undue delay notify
      the Pledgee in writing of any attachment (Pfändung) in respect of
      any of the Intellectual Property, such notification to be accompanied by
      any documents the Pledgee needs to defend itself against the attachment
      and/or any claim of a third party, including, without limitation, a copy
      of the attachment order (Pfändungsbeschluß), and
      all other documents which are reasonably requested by the Pledgee. In
      addition, the Pledgor shall inform the attaching creditor of the existence
      of this Agreement.

                

        

         

        
          	
                  6.3

                	
                  The
      Pledgor shall inform the Pledgee without undue delay in writing in case
      Intellectual Property rights are infringed or otherwise attacked or
      disputed by third parties. The Pledgee is entitled but not obliged to
      support the Pledgor in the defense of the Intellectual Property rights.
      The Pledgor will inform the Pledgee about the status of respective
      proceedings upon request. The Pledgor can only make declarations which
      terminate proceedings (especially abandonment of action, settlements in
      and out of court, full or partial waiver of Intellectual Property rights)
      after prior written consent by the
Pledgee.

                

        

         

        
          	
                  6.4

                	
                  The
      Pledgor shall, within 30 days after an occurrence, which leads to an
      incorrectness of Annex 2 and
      further without delay upon justified inquiry by Pledgee (especially but
      not exclusively in case of an Event of Default) - provide the following
      documents to the Pledgee:

                

        

         

        
          
            	
                  	
                    (a)

                  	
                    Updated
      lists regarding form and scope of the Intellectual Property rights as done
      in Annex
      2; and

                  

          

           

        

        
          
            	
                  	
                    (b)

                  	
                    updated
      lists regarding form and scope of Intellectual Property licenses
      granted.

                  

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        
          

        

        
          	
                  7.

                	
                  Further
      Undertakings

                

        

         

        
          	
                  7.1

                	
                  The
      Pledgor undertakes to the Pledgee:

                

        

         

        
          
            	
                  	
                    (a)

                  	
                    to
      take all necessary measures to have all Intellectual Property registered
      in its own name;

                  

          

           

        

        
          
            	
                  	
                    (b)

                  	
                    to
      execute further documents and take such actions as are necessary in order
      to fully effect the purposes of this Agreement at the Pledgee's reasonable
      request.

                  

          

           

        

        
          	
                  7.2

                	
                  The
      Pledgor is not in a state of insolvency (Zahlungsunfähigkeit) or
      over-indebtedness (Überschuldung) pursuant
      to the German Insolvency Code (Insolvenzordnung) or
      the German Stock Corporations Act (Aktiengesetz - AktG).
      The Pledgor is not subject to any composition or insolvency
      proceedings.

                

        

         

        
          	
                  7.3

                	
                  The
      Pledgor shall at its own expense do all such things as the Pledgee may
      reasonably require to perfect or protect the security intended to be
      created hereby or any part thereof, or to facilitate the realization of
      the Intellectual Property rights or any part thereof; or to facilitate the
      exercise by the Pledgee of any of the rights, powers, authorities and
      discretions vested in it.

                

        

         

        
          	
                  7.4

                	
                  In
      the event that a security interest has not been properly created over the
      Intellectual Property rights, the Pledgor shall at its own expense do all
      such things as the Pledgee may reasonably require to cure any defects. If
      such defects render this Agreement invalid or otherwise affect the
      perfection or enforceability of the security interest created or purported
      to be created hereby, the Parties hereto shall execute a new pledge
      agreement at terms equivalent to this
Agreement.

                

        

         

        
          	
                  8.

                	
                  Enforcement
      of the Pledges

                

        

         

        
          	
                  8.1

                	
                  Upon
      the occurrence of an Event of Enforcement, then in order to enforce the
      Pledges (or any of them), the Pledgee may at any time thereafter avail
      itself of all rights and remedies that a pledgee has under the laws of the
      Federal Republic of Germany.

                

        

         

        
          	
                  8.2

                	
                  The
      Pledgee is entitled to exercise its rights, in particular to sell the
      Intellectual Property or any part thereof without obtaining enforceable
      judgment or other instrument that entitles to enforcement proceedings
      (vollstreckbarer
      Titel) by way of public auction (öffentliche
      Versteigerung).

                

        

         

        
          	
                  8.3

                	
                  The
      Pledgee will make reasonable efforts and will do all reasonable acts, such
      as but not limited to appropriate public announcements, to secure the
      highest possible selling price for the pledged Intellectual Property
      Rights.

                

        

         

        
          	
                  8.4

                	
                  In
      case of realizing the Pledges (or any of them), the Pledgee is entitled to
      revoke the Pledgor’s authorization to receive proceeds pursuant to Section
      4.2. The Pledgee will treat proceeds received in this respect as
      additional security and use them for the reduction of the secured
      claims.

                

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

         

        
          	
                  8.5

                	
                  The
      Pledgor hereby expressly agrees that twenty (20) days' prior written
      notice to the Pledgor of the place and time of any such public auction
      shall be sufficient. Prior notice shall not be required if (i) the
      Pledgor has generally ceased to effect payments (Zahlungseinstellung) or
      (ii) the Pledgor has filed for the commencement of insolvency
      proceedings or similar proceedings or (iii) insolvency proceedings or
      similar proceedings have been opened against the Pledgor. The Pledgee is
      not obliged to submit to the Pledgor any additional notice of the
      anticipated sale of the Intellectual Property or any part thereof prior to
      such sale (including, without limitation, the notices set out under
      Section 1234 BGB. The public auction may take place at any place in
      the Federal Republic of Germany designated by the
  Pledgee.

                

        

         

        
          	
                  8.6

                	
                  If
      the Pledgee should seek to enforce the Pledges pursuant to, and in
      accordance with this Section 8 (Enforcement of the Pledges), the
      Pledgor shall, at its own expense, render forthwith all necessary
      assistance in order to facilitate the prompt sale of the Intellectual
      Property or any part thereof and/or the exercise by the Pledgee of any
      other right it may have as Pledgee. In particular, the Pledgor will
      provide the Pledgee with all available documents (especially the original
      certificates of grant or application certificates, respectively) regarding
      the Intellectual Property rights

                

        

         

        
          	
                  8.7

                	
                  The
      Pledgor shall not be entitled to any amounts received by realization of
      any of the Pledges prior to the termination of all Pledges. If the Pledges
      are enforced, in deviation of Sections 1225, 774 BGB, no rights of
      the Pledgee shall pass to the Pledgor by subrogation or otherwise unless
      and until all of the Secured Obligations have been satisfied and
      discharged in full and all of the Pledges have been terminated. Until
      then, the Pledgee shall be entitled to withhold any amounts received from
      the realization of the Pledges and to treat all enforcement proceeds as
      additional collateral for the Secured Obligations, or to seek satisfaction
      from such proceeds at any time.

                

        

         

        
          	
                  8.8

                	
                  The
      Pledgee may, in its sole discretion, determine which of several security
      interests, if applicable, shall be used to satisfy the Secured
      Obligations. In particular, the Pledgee shall not be obligated to exploit
      any other collateral granted to it prior to realization of the
      Pledges.

                

        

         

        
          	
                  8.9

                	
                  The
      Pledgor hereby expressly waives all defences of revocation (rights to
      claim the voidability of the underlying debt) (Einrede der
      Anfechtbarkeit) and set-off (rights to claim the possibility to set
      off counterclaims against the underlying debt) (Einrede der
      Aufrechenbarkeit) pursuant to Sections 770, 1211 BGB. This
      waiver shall not apply to a set-off with counterclaims which are (i)
      uncontested (unbestritten) or (ii)
      based on an unappealable court decision (rechtskräftig
      festgestellt).

                

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        
          	
                  8.10

                	
                  In
      case the Pledges are realized the Pledgor does everything necessary
      without undue delay to have the Pledgee or the acquirer – as the case may
      be – registered as the owner of the Intellectual Property rights in the
      relevant public registers, especially in the registers of the patent and
      trademark offices.

                

        

         

        
          	
                  8.11

                	
                  After
      the complete unconditional, irrevocable and full payment and discharge of
      all Secured Obligations any proceeds remaining from the enforcement of the
      Pledges shall be transferred to the Pledgor at the cost and expense of the
      Pledgor. The Pledgee shall at all times until the full and complete
      satisfaction of all Secured Obligations take into consideration the
      legitimate interest of the Pledgor in exercising its rights and carrying
      out its duties under this
Agreement.

                

        

         

        
          	
                  8.12

                	
                  Upon
      the full, complete and irrevocable satisfaction of the Secured
      Obligations, the Pledgee will without undue delay upon the request of the
      Pledgor confirm the release of the Pledges (Pfandfreigabe) to the
      Pledgor as a matter of record. For the avoidance of doubt, the Parties are
      aware that upon full, complete and irrevocable satisfaction of the Secured
      Obligations the Pledges, due to their accessory nature (Akzessorietät), cease
      to exist by operation of German mandatory
law.

                

        

         

        
          	
                  8.13

                	
                  In
      addition, upon an Event of Default, Pledgee has all rights set forth in
      the New Financing Transaction Documents and the Existing Financing
      Documents, in particular those provided for in Article 5, Section 5 of the
      2008 Security Agreement (as listed and defined in Annex 1). These rights
      are incorporated herein in their entirety by way of
    reference.

                

        

         

        
          	
                  8.14

                	
                  Notwithstanding
      the foregoing, any enforcement of the security created under this
      Agreement is restricted if and to the extent a claim for recourse (Rückgriffs- anspruch)
      against the Pledgor's direct or indirect shareholder whose obligations
      towards the Pledgee are secured hereby and that would only come into
      existence as a result of such enforcement is, in the reasonable opinion of
      the Pledgor, not fully valuable (voll werthaltig). In
      the event the Pledgor refers to this Section 8.14 in case of any future
      enforcement of the security created under this Agreement, it shall be
      obligated - at the Pledgee's written request - to render to the Pledgee a
      substantiated written statement supported by a suitable reasoning and
      other suitable evidence demonstrating that and why he considers the
      conditions for the enforcement restriction to be
  fulfilled.

                

        

         

        The
enforcement restriction does not apply if and to the extent that the Transferor
has received through its direct or indirect shareholder funds from the Existing
Financing, the New Financing or any additional future financing, as the case may
be and such funds have not been repaid or paid to any of its direct or indirect
shareholders.

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        
          	
                  9.

                	
                  Waiver
      of Defences; Exercise of Powers

                

        

         

        
          No
failure or delay on the part of the Pledgee in the exercise of any power, right,
privilege or remedy hereunder shall be construed to be a waiver thereof, nor
shall any single or partial exercise of any such right or remedy preclude any
further or other exercise thereof or the exercise of any other right or remedy.
The rights or remedies provided hereunder are cumulative to and not exclusive of
any rights or remedies otherwise available.

           

        

        
          	
                  10.

                	
                  Indemnity

                

        

         

        
          	
                  10.1

                	
                  The
      Pledgee shall not be liable for damages suffered by the Pledgor in
      connection herewith other than in respect of such loss or damage which is
      suffered as a result of willful misconduct (Vorsatz) or gross
      negligence (grobe
      Fahrlässigkeit) of the
Pledgee.

                

        

         

        
          	
                  10.2

                	
                  The
      Pledgor shall indemnify the Pledgee and keep the Pledgee indemnified
      against any and all damages, losses, actions, claims, expenses, demands
      and liabilities incurred by or made against the Pledgee for anything done
      or omitted by the Pledgee in the exercise or purported exercise of the
      powers contained herein and occasioned by any breach of the Pledgor of any
      of its obligations or undertakings herein contained other than to the
      extent that such damages, losses, actions, claims, expenses, demands and
      liabilities are incurred or made against the Pledgee as a result of the
      wilful misconduct or gross negligence of the
  Pledgee.

                

        

         

        
          	
                  11.

                	
                  Duration
      and Independence

                

        

         

        
          	
                  11.1

                	
                  This
      Agreement shall remain in full force and effect until the Secured
      Obligations have been fully indefeasibily paid in full and discharged. The
      Pledges and corresponding rights shall not cease to exist in full if any
      payments made in satisfaction of the obligations have only temporarily
      and/or partly discharged the obligations. If all Secured Obligations have
      been fully indefeasibily paid in full and discharged during the duration
      of the Securities Purchase Agreement and, as a matter of German law (Akzessorietät), the
      Pledges have ceased to have effect as a consequence, the Pledges shall
      again be created ipso
      jure without any further action on the terms and conditions of this
      Agreement, if due to another draw-down or request for extension of credit
      or comparable mechanism by the Pledgor under any financing document
      concluded with the Pledgee, as applicable or otherwise, again secured
      obligations are created.

                

        

         

        
          	
                  11.2

                	
                  This
      Agreement shall create a continuing security interest in the Intellectual
      Property and no change or amendment whatsoever in the Existing Financing
      Documents or the New Financing Transaction Documents or in any document or
      agreement related thereto shall affect the validity or the scope of
      neither this Agreement nor the obligations which are imposed on the
      Pledgor pursuant to it.

                

        

         

        
          	
                  11.3

                	
                  The
      Pledges according to this Agreement are in addition to and independent of
      any other security interest or guarantee provided by the Pledgor or third
      parties to the Pledgee in respect of the Secured Obligations under the
      Existing Financing Documents and/or the New Financing Transaction
      Documents. None of such other security interests shall prejudice, or shall
      be prejudiced by, or shall be merged in any way with, this
      Agreement.

                

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

         

        
          	
                  12.

                	
                  Costs
      and Expenses

                

        

         

        
          	
                  12.1

                	
                  All
      costs, charges, fees (including, without limitations, legal fees and
      notarial fees) and expenses incurred in connection with the preparation
      and execution, performance and amendment of this Agreement shall be borne
      by the Pledgor, in each case with any applicable value added tax or other
      taxes.

                

        

         

        
          	
                  12.2

                	
                  The
      Pledgor shall in particular without undue delay pay to the Pledgee upon
      demand costs and expenses that Pledgee may incur in connection with (i)
      the preparation, execution, performance and amendment of this Agreement,
      (ii) the administration of this Agreement, (iii) the realization upon, any
      part of the Intellectual Property, (iv) the exercise or enforcement of any
      of the rights of the Pledgee hereunder (including fees for legal advice),
      or (v) the failure by the Pledgor to perform or observe any of the
      provisions hereof, and such expenses shall be secured
      obligations.

                

        

         

        
          	
                  12.3

                	
                  Any
      payment under this Agreement is to be made free and clear of any taxes or
      duties or other charges provided that if the Pledgor is prevented by law
      from making such payments free and clear of deductions or withholdings,
      the payment due shall be increased
accordingly.

                

        

         

        
          	
                  13.

                	
                  Partial
      Invalidity

                

        

         

        
          Without
prejudice to any other provision hereof, if at any time any one (or more)
provision(s) hereof is or becomes invalid, illegal or unenforceable in any
respect in any jurisdiction or with respect to any party, or if the Parties
become aware of any omission (Vertragslücke) hereto of any
terms which were intended to be included in this Agreement, such invalidity,
illegality, unenforceability in such jurisdiction or with respect to such Party
or Parties or such omission (Vertragslücke) shall not, to
the fullest extent permitted by applicable law, render invalid, illegal or
unenforceable such provision or provisions in any other jurisdiction or with
respect to any other party or parties hereto and shall not affect or impair the
validity, legality and enforceability of the remaining provisions hereof. Such
invalid, illegal or unenforceable provision or such omission (Vertragslücke) shall be
replaced by the Parties with a provision which comes as close as reasonably
possible to the commercial intentions of the invalid, unenforceable or omitted
provision.

           

        

        
          	
                  14.

                	
                  Amendments

                

        

         

        
          Changes
and Amendments to this Agreement shall be made in writing and signed by both
parties to this Agreement, unless notarial form by operation of applicable law
is required. This also applies to this Section 14.

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        
           

        

        
          	
                  15.

                	
                  Notices
      and their Language

                

        

         

        
          	
                  15.1

                	
                  Any
      notice or other communication under or in connection with this Agreement
      shall be in writing and shall be delivered personally, or sent by mail or
      fax transmission (to be affirmed in writing) to the following
      addresses:

                

        

        

        Yorkville
Advisors LLC

        101
Hudson Street, Suite 3700

        Jersey
City, New Jersey 07302

        USA

        Attention:
Mark Angelo

        Phone
no. : +1 201 985 8300

        Fax
no.:      +1 201 985 8117

         

        with a copy
to:

         

        YA
Global Investments, LP

        101
Hudson Street, Suite 3700

        Jersey
City, NJ 07302

        USA

        Attention:
David Gonzalez

        Phone
no.: +1 201 985 8300

        Fax
no.:     +1 201 985 8117

         

        or
respectively to:

        

        NeoMedia
Europe AG

        Jens-Otto-Krag-Straße
11

        52146
Würselen

        Germany

        Attention :
Chief Executive Officer

        Phone
no.: +49 2405 49922-0

        Fax no.:
+49 2405 49922-99

         

        with a copy
to:

         

        NeoMedia Technologies,
Inc.

        Two
Concourse Parkway, Suite 500

        Atlanta,
GA 30328

        USA

        Attention :
Chief Executive Officer or Chief Financial Officer

        Phone
no.: +1 678 638 0460 (x132)

        
          	
                   
      

                	
                  Fax
      no.:     +1 678 638
  0466

                

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

         

        K&L
Gates LLP

        200 South
Biscayne Boulevard – Suite 3900

        Miami, FL
33131-2399

        USA

        Attention:
Clayton E. Parker, Esq.

        Phone
no.: +1 305 539 3300

        Fax
no:      +1 305 358 7095

        

        
          or to
such other address as the recipient may notify or may have notified to the other
party in writing.

          

        

        
          	
                  15.2

                	
                  Save
      for the notice pursuant to Section 1280 BGB any notice or other
      communication under or in connection with this Agreement shall be in the
      English language unless required differently by law or provided herein
      and, if in any other language, accompanied by a translation into English.
      In the event of any conflict between the English text and the text in any
      other language, the English text shall
prevail.

                

        

         

        
          	
                  16.

                	
                  Non-German
      Law

                

        

         

        This
Agreement refers in several instances to provisions of German law. In case not
German law but the laws and regulations of non-German jurisdictions apply, those
provisions of the non-German law should apply which are similar to those of
German law. This Section 16 does not have an impact on the Governing Law clause
according to Section 17.1.

        

        
          	
                  17.

                	
                  Governing
      Law and Jurisdiction

                

        

         

        
          	
                  17.1

                	
                  This
      Agreement shall be governed by and construed in accordance with the laws
      of the Federal Republic of Germany, without regard to its conflict of laws
      provisions.

                

        

         

        
          	
                  17.2

                	
                  The
      place of jurisdiction for any and all claims or disputes arising under or
      in connection with this Agreement shall be the district court (Landgericht)
      Düsseldorf, Federal Republic of Germany. The Pledgee shall, however, also
      be entitled to take legal action against the Pledgor before any other
      competent court of law having jurisdiction over the Pledgor or any of its
      assets.

                

        

         

        
          	
                  17.3

                	
                  This
      Agreement is made in the English language. For the avoidance of doubt, the
      English language version of this Agreement shall prevail over any
      translation of this Agreement. However, where a German translation of a
      word or phrase appears in the text of this Agreement, the German
      translation of such word or phrase shall
  prevail.

                

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        

        Executed
effective as of this 13th day of August 2010.

        

        
          
            
              	
                      NeoMedia
      Europe AG

                    
	 
      
	
                      /s/ C.
      Steinborn

                    
	
                      Name: 
      Dr.
      C. Steinborn

                    
	
                      Title: 
      CEO

                    
	 
      
	
                      YA
      Global Investments, L.P.

                    
	 
      
	
                      

                        /s/ David
      Gonzalez

                      

                    
	
                      

                        Name: 
      David
      Gonzalez

                      

                    
	
                      

                        Title: 
      Managing Member of Yorkville Advisors, LLC 

                        the
      Investment Manager to YA
Global

                      

                    

            

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        

        
          ANNEXES

        

        to

        AGREEMENT
ON THE PLEDGE OF INTELLECTUAL PROPERTY RIGHTS AS COLLATERAL

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        Annex
1

        

        List
of Existing Financing Documents

         

        DEBENTURES AND
NOTES

         

        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 the Borrower, Inc. Secured Convertible Debenture No. CCP-1 dated as of
January 5, 2010 entered into by and between the Borrower and the
Lender;

         

        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 the Borrower, Inc. Secured Convertible Debenture No. CCP-2
dated as of January 5, 2010 by and between the Borrower and the
Lender;

         

        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 the Borrower, Inc. Secured Convertible Debenture No. NEOM-4-1 dated as
of January 5, 2010 entered into by and between the Borrower and the
Lender;

         

        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;

         

        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;

         

        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;

         

        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;

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

        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”, 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, and the New Debenture, the “Debentures”), 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;

         

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

         

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

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

         

        SECURITIES PURCHASE
AGREEMENTS

         

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

         

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

         

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

         

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

         

        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;

         

        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;

         

        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;

         

        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;

         

        SECURITY
DOCUMENTS

         

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

         

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

         

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

         

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

         

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

         

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

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        Patent
Security Agreement dated as of July 29, 2008 entered into by and between the
Borrower and the Lender (the “2008 IPSA”, and together with the 2008 Security
Agreement, the “2008 Collateral Agreements”);

         

        WARRANTS

         

        “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;

         

        “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;

         

        “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;

         

        “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;

         

        “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;

         

        “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;

         

        “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;

         

        “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;

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

         

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

        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;

         

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

         

        Global
Warrant Amendment dated May 29, 2010 entered into by and between the Borrower
and the Lender;

         

        REGISTRATION RIGHTS
AGREEMENTS

         

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

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

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

         

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

         

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

         

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

         

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

         

        TRANSFER AGENT
INSTRUCTIONS

         

        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.;

         

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

         

        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.;

         

        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.;

         

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

         

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

         

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

         

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

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        OTHER
DOCUMENTS

         

        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.;

         

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

         

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

         

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

         

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

         

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

         

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

         

        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;

         

        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;

         

        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; and

         

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

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        Annex
2

        

        List
of Intellectual Property Rights

        

        Issued
Gavitec patents

        

        
          
            
              	
                      Patent Number

                    	 
      	
                      Title

                    	 
      	
                      Inventors

                    	 
      	
                      First priority

                      date

                    	 
      	
                      Countries

                    
	
                      EP
      1 532 805 (WO20047/017624)

                    	 
      	
                      Image-Recording
      device and use of said image-recording device

                    	 
      	
                      Müller,
      Nunnink

                    	 
      	
                      19.07.2002

                    	 
      	
                      AT,
      BE, CH, DE, ES, FR,GB, IT, NL, TR

                    
	
                      WO20047/017624

                    	 
      	
                      Image-Recording
      device and use of said image-recording device

                    	 
      	
                      Müller,
      Nunnink

                    	 
      	
                      19.07.2002

                    	 
      	 
      
	
                      US
      7,581,682 B2

                       

                    	
                        

                    	
                      Image
      Recording Device, Method for Recording an Image that is visualized on a
      display unit, Arrangement of an Image Recording Device and a display Unit,
      Use of said Image Recording Device and use of said
    arrangement

                    	
                        

                    	
                      Küchen,
      Müller, Nunnik  

                    	
                        

                    	
                      19.07.2002

                    	
                        

                    	
                      US

                    

            

          

        

        

        Gavitec
patent applications

        

        
          
            	
                    Patent Number

                  	 
      	
                    Title

                  	 
      	
                    Inventors

                  	 
      	
                    First priority

                    date

                  	 
      	
                    Countries

                  
	
                    DE
      101 93 421.1

                  	 
      	
                    Device
      comprising a decoding unit for decoding optical codes and use of such a
      device for reading optical codes, and the use of a color camera for
      reading optical codes

                  	 
      	
                    Müller,
      Küchen

                  	 
      	
                    15.08.2000

                  	 
      	
                    DE

                  
	
                    AU
      8,379,401A

                  	 
      	
                    Device
      comprising a decoding unit for decoding optical codes and use of such a
      device for reading optical codes, and the use of a color camera for
      reading optical codes 

                  	 
      	
                    Müller,
      Küchen

                  	 
      	
                    15.08.2000

                  	 
      	
                    AU

                  
	
                    DE
      100 40 563 A1

                  	 
      	
                    Vorrichtung
      mit Decodiereinheit zum Decodieren optischer Codes

                  	 
      	
                    Müller,
      Küchen

                  	 
      	
                    15.08.2000

                  	 
      	
                    DE

                  
	
                    WO
      02/15119

                  	 
      	
                    Device
      comprising a decoding unit for decoding optical codes and use of such a
      device for reading optical codes, and the use of a color camera for
      reading optical codes

                  	 
      	
                    Müller,
      Küchen

                  	 
      	
                    15.08.2000

                  	 
      	 
      

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        

        
          
            
              	
                      DE
      101 93 423.8

                    	 
      	
                      Verfahren
      und Vorrichtung zum Extrahieren von informationstragenden Merkmalen aus
      einem digitalen Bild

                    	 
      	
                      Müller,
      Küchen

                    	 
      	
                      18.08.2000

                    	 
      	
                      DE

                    
	
                      EP
      1 312 035 A1

                      (Appl.
      No 01 962 626.6 – 2210)

                    	 
      	
                      Method
      and device for extracting information-bearing features from a digital
      image

                    	 
      	
                      Müller,
      Küchen

                    	 
      	
                      18.08.2000

                    	 
      	
                      EP

                    
	
                      AU
      8,379,601

                    	 
      	
                      Method
      and device for extracting information-bearing features from a digital
      image 

                    	 
      	
                      Müller,
      Küchen

                    	 
      	
                      18.08.2000

                    	 
      	
                      AU

                    
	
                      DE
      100 40 899A1

                    	 
      	
                      Verfahren
      und Vorrichtung zum Decodieren optischen Codes

                    	 
      	
                      Müller,
      Küchen

                    	 
      	
                      18.08.2000

                    	 
      	
                      DE

                    
	
                      WO02/15120

                    	 
      	
                      Method
      and device for extracting information-bearing features from a digital
      image 

                    	 
      	
                      Müller,
      Küchen

                    	 
      	
                      18.08.2000

                    	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                      DE
      103 93 452.9

                    	 
      	
                      Bildaufnahmegerät,
      Verfahren zum Aufnehmen eines an einem Display visualisierten Bildes und
      Anordnung aus einer Bildaufnahmeeinheit und einem Display sowie Verwendung
      des Bildaufnahmegeräts und Verwendung der Anordnung

                    	 
      	
                      Müller,
      Nunnink

                    	 
      	
                      19.07.2002

                    	 
      	
                      DE

                    
	
                      US
      10/521,510

                    	 
      	
                      Image-Recording
      device, method for recording an image that is visualized on a display
      unit, arrangement of an image-recording device and a display unit, use of
      said image-recording device, and use of said arrangement

                    	 
      	
                      Müller,
      Nunnink

                    	 
      	
                      19.07.2002

                    	 
      	
                      US

                    
	
                      EP
      1 809 013A1 (Appl. No. 07008842.2-2202)

                    	 
      	
                      Image-Recording
      device, method for recording an image that is visualized on a display
      unit, arrangement of an image-recording device and a display unit, use of
      said image-recording device, and use of said arrangement

                    	 
      	
                      Müller,
      Nunnink

                    	 
      	
                      19.07.2002

                    	 
      	
                      EP

                    
	
                      AT
      03787662

                    	 
      	
                      Bildaufnahmegerät
      sowie Verwendung des Bildaufnahmegerätes

                    	 
      	
                      Küchen,
      Müller, Nunnik  

                    	 
      	
                      19.07.2002

                    	 
      	
                      AT

                    
	
                      AU
      2003250785 

                    	 
      	
                      Image
      Recording Device, Method for Recording an Image Device that is Visualized
      on a Display Unit, Use of said Image Recording Device and use of said
      Arrangement

                    	 
      	
                      Küchen,
      Müller, Nunnik  

                    	 
      	
                      19.07.2002

                    	 
      	
                      AU

                    
	
                      DE
      102 54 060A1

                    	 
      	
                      Bildaufnahmegerät,
      Verfahren zum Aufnehmen eines an einem Display visualisierten Bildes und
      Anordnung aus einer Bildaufnahmeeinheit und einem Display sowie Verwendung
      des Bildaufnahmegerätes und Verwendung der Anordnung 

                    	 
      	
                      Küchen,
      Müller, Nunnik  

                    	 
      	
                      19.07.2002

                    	 
      	
                      DE

                    

            

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        

        
          
            	
                    US
      2009/0319364 A1

                  	 
      	
                    Image
      Capturing Apparatus, Method for Capturing an Image shown in a display and
      arrangement of an Image Capturing Unit and of a Display as well as use of
      the Image Capturing Apparatus and of the Arrangement

                  	 
      	
                    Küchen,
      Müller, Nunnik  

                  	 
      	
                    19.07.2002

                  	 
      	
                    US

                  
	
                    US
      2005/0207385 A1)

                  	 
      	
                    Image
      Recording Device, Method for Recording an Image that is visualized on a
      display unit, Arrangement of an Image Recording Device and a display Unit,
      Use of said Image Recording Device and use of said
    arrangement

                  	 
      	
                    Küchen,
      Müller, Nunnik  

                  	 
      	
                    19.07.2002

                  	 
      	
                    US

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    DE
      11 2005 002 412.1

                  	 
      	
                    Kommunikationsgerät,
      Verfahren zum Bereitstellen von

                    Informationen
      und diesbezügliche Schnittstelle

                  	 
      	
                    Schraven,
      Müller

                  	 
      	
                    01.10.2004

                  	 
      	
                    DE

                  
	
                    EP
      1 794 704 (Appl. No 05790841.0-1224)

                  	 
      	
                    Kommunikationsgerät,
      Verfahren zum Bereitstellen von

                    Informationen
      und diesbezügliche Schnittstelle

                  	 
      	
                    Schraven,
      Müller

                  	 
      	
                    01.10.2004

                  	 
      	
                    EP

                  
	
                    WO2006/037287

                  	 
      	
                    Kommunikationsgerät,
      Verfahren zum Bereitstellen von

                    Informationen
      und diesbezügliche Schnittstelle

                  	 
      	
                    Schraven,
      Müller

                  	 
      	
                    01.10.2004

                  	 
      	 
      
	
                    DE
      10 2005 010 146

                  	 
      	
                    Kommunikationsgerät,
      Verfahren zum Bereitstellen von

                    Informationen
      und diesbezügliche Schnittstelle

                  	 
      	
                    Schraven,
      Müller

                  	 
      	
                    01.10.2004

                  	 
      	
                    DE

                  
	
                    US
      20080125162 (Appl. No 11/664,443)

                  	 
      	
                    Communication
      device, method for providing data, and corresponding
    interface

                  	 
      	
                    Schraven,
      Müller

                  	 
      	
                    01.10.2004

                  	 
      	
                    US

                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    DE
      10 2006 050 409

                  	 
      	
                    System
      und Verfahren zum Bild- und Datenupload mit mobilem
    Endgerät

                  	 
      	
                    Müller,
      Joußen

                  	 
      	
                    02.06.2006

                  	 
      	
                    DE

                  
	
                    PCT/DE2007/000964

                  	 
      	
                    System
      und Verfahren zum Bild- und Datenupload mit mobilem
    Endgerät

                  	 
      	
                    Müller,
      Joußen

                  	 
      	
                    02.06.2006

                  	 
      	
                    WO

                  
	
                    EP
      2 027 699

                  	
                      

                  	
                    System
      and method for picture and data upload with a mobile
    terminal

                  	
                      

                  	
                    Müller,
      Joussen

                  	
                      

                  	
                    02.06.2006

                  	
                      

                  	
                    EP

                  

          

        

        

        Gavitec
Trademarks

        

        
          
            
              
                
                  
                    
                      	
                              Trademark No.

                            	 
      	
                              Trademark

                            	 
      	
                              Type

                            	 
      	
                              Filing Date

                            	 
      	
                              Classes

                            
	
                              DE302009043947

                            	 
      	
                              NeoMedia

                            	 
      	
                              Word
      Mark

                            	 
      	
                              24.07.2009

                            	 
      	
                              9,
      38, 42

                            
	
                              DE30357498

                            	 
      	
                              Mobile
      digit

                            	 
      	
                              Word
      Mark

                            	 
      	
                              04.11.2003

                            	 
      	
                              9,
      16, 42

                            
	
                              DE302009006309

                            	 
      	
                              XELIA

                            	 
      	
                              Word
      Mark

                            	 
      	
                              04.02.2009

                            	 
      	
                              9,
      38, 42, 45

                            
	
                              EM02218568

                            	 
      	
                              Lavasphere

                            	 
      	
                              Word
      Mark

                            	 
      	
                              16.05.2001

                            	 
      	
                              9,
      16, 42

                            
	
                              EM03909629

                            	
                                

                            	
                              EXIO

                            	
                                

                            	
                              Word
      Mark

                            	
                                

                            	
                              01.07.2004

                            	
                                

                            	
                              9,
      38,
42Exhibit
10.7

     

    SECOND RATIFICATION
AGREEMENT

    

    THIS SECOND RATIFICATION AGREEMENT
(hereinafter, this “Agreement”) made this 13th day
of August, 2010 by and among:

    

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

    

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

    

    Background

    

    Reference
is made to certain financing arrangements entered into by and between the
Borrower and certain of its former and/or current subsidiaries (collectively,
the “Obligors”) and the
Lender, evidenced by, among other things, the documents, instruments, and
agreements listed on Schedule
“1” attached hereto and incorporated herein by reference (collectively,
together with all other documents, instruments, and agreements executed in
connection therewith or related thereto, the “Existing Financing
Documents”).

    

    The
Borrower has represented to the Lender that it requires short term financing for
working capital.  In connection therewith, the Borrower has requested
that the Lender make an additional financial accommodation to the Borrower in
the amount of $550,000.00 to fund ongoing business operations, which financial
accommodation shall be evidenced by, among other documents, instruments,
and agreements, a certain Secured Convertible Debenture of even date herewith
issued by the Borrower in favor of the Lender (the “New Debenture”, and
collectively, together with this Agreement, the Existing Financing Documents,
the Related Documents (as defined herein) and all other documents, instruments,
and agreements executed in connection therewith or related thereto, the “Financing
Documents”).  The Lender has agreed to make such an additional
financial accommodation to the Obligors but only upon the condition, among
others, that the Borrower enter into this Agreement with the
Lender.

    

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

    

    Acknowledgment of
Indebtedness

    

    
      	
              1.

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

            

    

     

    
      	
               
      

            	
              a.

            	
              Owed under the CCP-1 Debenture
      as of August 13, 2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	5,000,000.00	 
	
                    Interest

                  	 	$	1,684,894.23	 
	
                    Total

                  	 	$	6,684,894.23	 

          

        

      

    

    

    
      	
               
      

            	
              b.

            	
              Owed under the CCP-2 Debenture
      as of August 13, 2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	2,500,000.00	 
	
                    Interest

                  	 	$	843,655.32	 
	
                    Total

                  	 	$	3,343,655.32	 

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              c.

            	
              Owed under the NEOM-4-1
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	7,458,651.00	 
	
                    Interest

                  	 	$	3,283,441.22	 
	
                    Total

                  	 	$	10,742,092.22	 

          

        

      

    

     

    
      	
               
      

            	
              d.

            	
              Owed under the NEOM-1-1
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	1,775,000.00	 
	
                    Interest

                  	 	$	737,330.14	 
	
                    Total

                  	 	$	2,512,330.14	 

          

        

      

    

     

    
      	
               
      

            	
              e.

            	
              Owed under the NEOM-2008-1
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	390,000.00	 
	
                    Interest

                  	 	$	139,100.00	 
	
                    Total

                  	 	$	529,100.00	 

          

        

      

    

     

    
      	
               
      

            	
              f.

            	
              Owed under the NEOM-2008-2
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	500,000.00	 
	
                    Interest

                  	 	$	170,833.34	 
	
                    Total

                  	 	$	670,833.34	 

          

        

      

    

    

    
      	
               
      

            	
              g.

            	
              Owed under the NEOM-2008-3
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	790,000.00	 
	
                    Interest

                  	 	$	265,637.50	 
	
                    Total

                  	 	$	1,055,637.50	 

          

        

      

    

    

    
      	
               
      

            	
              h.

            	
              Owed under the NEOM-2008-4
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            
              	
                      Principal

                    	 	$	137,750.00	 
	
                      Interest

                    	 	$	43,907.81	 
	
                      Total

                    	 	$	181,657.81	 

            

          

        

      

    

     

    
      	
               
      

            	
              i.

            	
              Owed under the NEOM-9-1
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	2,325,000.00	 
	
                    Interest

                  	 	$	667,200.68	 
	
                    Total

                  	 	$	2,992,200.68	 

          

        

      

    

     

    
      	
               
      

            	
              j.

            	
              Owed under the NEOM-9-2
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	2,325,000.00	 
	
                    Interest

                  	 	$	584.921.51	 
	
                    Total

                  	 	$	2,909,921.51	 

          

        

      

    

     

    
      	
               
      

            	
              k.

            	
              Owed under the NEOM-9-4
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	294,000.00	 
	
                    Interest

                  	 	$	75,041.56	 
	
                    Total

                  	 	$	369,041.56	 

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              l.

            	
              Owed under the NEOM-9-5
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	715,000.00	 
	
                    Interest

                  	 	$	119,841.94	 
	
                    Total

                  	 	$	834,841.94	 

          

        

      

    

     

    
      	
               
      

            	
              m.

            	
              Owed under the NEOM-9-6
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	535,000.00	 
	
                    Interest

                  	 	$	82,181.94	 
	
                    Total

                  	 	$	617,181.94	 

          

        

      

    

     

    
      	
               
      

            	
              n.

            	
              Owed under the NEOM-9-7
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	475,000.00	 
	
                    Interest

                  	 	$	67,423.61	 
	
                    Total

                  	 	$	542,423.61	 

          

        

      

    

     

    
      	
               
      

            	
              o.

            	
              Owed under the NEOM-10-1
      Debenture as of August 13,
2010:

            

    

     

    
      
        
          
            	
                    Principal

                  	 	$	2,006,137.04	 
	
                    Interest

                  	 	$	60,019.22	 
	
                    Total

                  	 	$	2,066,156.26	 

          

        

      

    

     

    
      	
               
      

            	
              p.

            	
              For
      all interest accruing from and after August 13, 2010 due under the
      above-referenced debentures and notes, and for all fees, late charges,
      redemption premiums, liquidated damages, costs, expenses, and costs of
      collection (including attorneys’ fees and expenses) and other amounts,
      heretofore or hereafter accrued or coming due or incurred by the Lender in
      connection with the protection, preservation, or enforcement of its rights
      and remedies under the Financing Documents (including, without limitation,
      the preparation and negotiation of this
  Agreement).

            

    

     

    Hereinafter,
all amounts due as set forth in this Paragraph 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 7,
      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.

            

    

     

    
      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
      Lender shall have received the original stock certificates for all of the
      Borrower’s subsidiaries, including NeoMedia Europe AG (f/k/a Gavitec AG)
      (“Gavitec”), along with the corresponding stock
  powers;

            

    

     

    
      	
               
      

            	
              d.

            	
              The
      Borrower shall have executed and delivered to the Lender a Share Pledge
      Agreement (Anteilsverpfandung) in
      the form attached hereto as Exhibit
      “A”;

            

    

     

    
      	
               
      

            	
              e.

            	
              The
      Obligors shall have paid to the Lender’s investment manager, Yorkville
      Advisors, LLC, a commitment and structuring fee in the amount of
      $20,000.00 in good and collected funds in accordance with the closing
      statement attached hereto as Exhibit
      “B”;

            

    

     

    
      	
               
      

            	
              f.

            	
              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.

            

    

     

    
      	
               
      

            	
              g.

            	
              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

            

    

     

    
      	
               
      

            	
              h.

            	
              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 $550,000.00 (the “New Loan”) to fund ongoing
      business operations.  Upon the satisfaction of all of the
      conditions precedent set forth in Paragraph 4 of
      this Agreement, as determined by the Lender in the Lender’s sole and
      exclusive discretion, and subject to the terms and conditions of the New
      Debenture and the Related Documents, the New Loan shall (a) be made by the
      Lender in accordance with the terms and conditions of the New Debenture
      and the other Financing Documents, (b) constitute a portion of the
      Obligations, and (c) be secured by all of the collateral granted to the
      Lender by the Obligors.  The Borrower hereby acknowledges and
      agrees that (x) the New Loan is a single, one time loan, (y) by making the
      New Loan the Lender is not agreeing to make any further loans in the
      future, and (z) will be repaid in full on or before July 29,
      2012.

            

    

     

    Conditions
Subsequent

    

    
      6.

    

     

    
      	
               
      

            	
              a.

            	
              On
      or before August 27, 2010, the Borrower shall have caused Gavitec to
      execute and deliver to the Lender a Security Transfer of Moveable Assets
      (Sicherungsubereignungsvertrag)
      in the form attached hereto as Exhibit “C”;
      and

            

    

     

    
      	
               
      

            	
              b.

            	
              On
      or before August 20, 2010, the Borrower shall have caused Gavitec to
      execute and deliver to the Lender an Agreement on the Pledge of
      Intellectual Property Rights as Collateral (Vereinbarung uber die
      Verpfandung von geistigen Eigentumsrechten) in the form attached
      hereto as Exhibit
      “D”.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
Borrower’s failure to comply with the requirements in this Paragraph 6 shall
constitute a default and/or an event of default under each of the Financing
Documents.

     

    Provision Regarding Events
of Default Under The Financing Documents

     

    
      	
              7.

            	
              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

     

    
      	
              8.

            	
              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

    

    
      	
              9.

            	
              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

    

    
      	
              10.

            	
              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

    

     

    
      	
              11.

            	
              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

     

    
      	
              12.

            	
              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

    

     

    
      	
              13.

            	
              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

     

    
      	
              14.

            	
              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

    

    
      	
              15.

            	
              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

    

    
      	
              16.

            	
              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

    

    
      	
              17.

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

            

    

     

    [Remainder
of Page Intentionally Left Blank]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

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

    

    
      
        
          	
                  YA
      GLOBAL INVESTMENTS, L.P.,

                	 
      	NEOMEDIA
      TECHNOLOGIES, INC.
	
                  f/k/a
      Cornell Capital Partners, LP

                	 
      	 
      	 
      
	
                  By:

                	
                  Yorkville
      Advisors, LLC,

                	 
      	 
      	 
      
	 
      	
                   
      its Investment Manager

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	
                  By:

                	
                  /s/ David Gonzalez

                	 
      	
                  By:

                	
                  /s/ Michael W. Zima

                
	
                  Name:  

                	
                  David
      Gonzalez

                	 
      	
                  Name:  

                	
                  Michael
      W. Zima

                
	
                  Title:

                	
                  Managing
      Member

                	 
      	
                  Title:

                	
                  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”, 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,
      and the Second 2010 Convertible Debenture, the
    “Debentures”);

            

    

     

    
      	
               
      

            	
              16.

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

            

    

     

    
      	
               
      

            	
              17.

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

            

    

     

    SECURITIES PURCHASE
AGREEMENTS

     

    
      	
               
      

            	
              18.

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

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              19.

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

            

    

     

    
      	
               
      

            	
              20.

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

            

    

     

    
      	
               
      

            	
              21.

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

            

    

     

    
      	
               
      

            	
              22.

            	
              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;

            

    

     

    
      	
               
      

            	
              23.

            	
              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;

            

    

     

    
      	
               
      

            	
              24.

            	
              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;

            

    

     

    
      	
               
      

            	
              25.

            	
              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;

            

    

     

    
      	
               
      

            	
              26.

            	
              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;

            

    

     

    SECURITY
DOCUMENTS

     

    
      	
               
      

            	
              27.

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

            

    

     

    
      	
               
      

            	
              28.

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

            

    

     

    
      	
               
      

            	
              29.

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

            

    

     

    
      	
               
      

            	
              30.

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

            

    

     

    
      	
               
      

            	
              31.

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

            

    

     

    
      	
               
      

            	
              32.

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

            

    

     

    
      	
               
      

            	
              33.

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

            

    

     

    
      	
               
      

            	
              34.

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

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WARRANTS

     

    
      	
               
      

            	
              35.

            	
              “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;

            

    

     

    
      	
               
      

            	
              36.

            	
              “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;

            

    

     

    
      	
               
      

            	
              37.

            	
              “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;

            

    

     

    
      	
               
      

            	
              38.

            	
              “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;

            

    

     

    
      	
               
      

            	
              39.

            	
              “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;

            

    

     

    
      	
               
      

            	
              40.

            	
              “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;

            

    

     

    
      	
               
      

            	
              41.

            	
              “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;

            

    

     

    
      	
               
      

            	
              42.

            	
              “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;

            

    

     

    
      	
               
      

            	
              43.

            	
              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;

            

    

     

    
      	
               
      

            	
              44.

            	
              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;

            

    

     

    
      	
               
      

            	
              45.

            	
              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;

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              46.

            	
              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;

            

    

     

    
      	
               
      

            	
              47.

            	
              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;

            

    

     

    
      	
               
      

            	
              48.

            	
              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;

            

    

     

    
      	
               
      

            	
              49.

            	
              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;

            

    

     

    
      	
               
      

            	
              50.

            	
              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;

            

    

     

    
      	
               
      

            	
              51.

            	
              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;

            

    

     

    
      	
               
      

            	
              52.

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

            

    

     

    
      	
               
      

            	
              53.

            	
              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;

            

    

     

    REGISTRATION RIGHTS
AGREEMENTS

     

    
      	
               
      

            	
              54.

            	
              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;

            

    

     

    
      	
               
      

            	
              55.

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

            

    

     

    
      	
               
      

            	
              56.

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

            

    

     

    
      	
               
      

            	
              57.

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

            

    

     

    
      	
               
      

            	
              58.

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

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              59.

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

            

    

     

    TRANSFER AGENT
INSTRUCTIONS

     

    
      	
               
      

            	
              60.

            	
              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.;

            

    

     

    
      	
               
      

            	
              61.

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

            

    

     

    
      	
               
      

            	
              62.

            	
              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.;

            

    

     

    
      	
               
      

            	
              63.

            	
              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.;

            

    

     

    
      	
               
      

            	
              64.

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

            

    

     

    
      	
               
      

            	
              65.

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

            

    

     

    
      	
               
      

            	
              66.

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

            

    

     

    
      	
               
      

            	
              67.

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

            

    

     

    
      	
               
      

            	
              68.

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

            

    

     

    OTHER
DOCUMENTS

     

    
      	
               
      

            	
              69.

            	
              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.;

            

    

     

    
      	
               
      

            	
              70.

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

            

    

     

    
      	
               
      

            	
              71.

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

            

    

     

    
      	
               
      

            	
              72.

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

            

    

     

    
      	
               
      

            	
              73.

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

            

    

     

    
      	
               
      

            	
              74.

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

            

    

     

    
      	
               
      

            	
              75.

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

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              76.

            	
              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;

            

    

     

    
      	
               
      

            	
              77.

            	
              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;

            

    

     

    
      	
               
      

            	
              78.

            	
              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;

            

    

     

    
      	
               
      

            	
              79.

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

            

    

     

    
      	
               
      

            	
              80.

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

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