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EXHIBIT 10.15    
  

PerfectData Corporation
  110 West Easy Street

Simi Valley, CA 93065

October 25, 2000 

Mr. Alexey
Afanasiev

4 Pravdy #14

Novosibirsk, 630090

Russia 

Re: License for Silkyboard Patent

Gentleman:

    With the assistance and participation of Business Solutions Group, Inc. ("BSG") in mediating the present agreement and in optionally providing leads for
sale of Licensed Products, as defined hereinbelow, Effective upon the date hereof (the "Effective Date"), Alexey Afanasiev ("Inventor") hereby grants Perfectdata Corporation
("Licensee") a license to use certain of Inventor's Intellectual Property, as hereinafter defined, in connection with the Licensed Product(s), as hereinafter defined, on the terms and conditions set
forth herein, including compensation to BSG for its role in establishing and supporting this Agreement. For purposes of this Agreement the following
term shall have the following meaning: 

    "Copyright(s)" means any work containing copyrightable subject matter that Inventor owns or has the right to license to others that
relates to the Licensed Product(s), including without limitation works registered with the Copyright Office of the United States or any foreign country or works for which an application to register
the work with the Copyright Office of the United States or any foreign country has been filed. 

    "Intellectual Property" means the entire right, title, and interest in and to all proprietary rights encompassed within the categories
of Copyright(s), Know-How, Mark, and Patent(s). 

    "Know-How" means technology, inventions, designs, drawings, processes, recipes, formulae, data, technical information, and
other intellectual, industrial, or commercial property, that are known to and possessed by Inventor as of the Effective Date and that relate to the Licensed Product(s). 

    "Licensed Product(s)" means Product(s) that incorporate the Intellectual Property, any Improvement(s), or any portion(s) of the
Intellectual Property or Improvement(s). 

    "Mark" means the trademark SILKYBOARD, including all rights associated with such trademark arising under provincial, state, federal, or
other local or national law throughout the world, and all goodwill associated with such trademark. urposes of this Agreement, the Mark shall include, without limitation, all rights arising from the
United States Trademark Application Serial Number 75/750,549, filed on August 11, 1999. 

    "Patent(s)" means all patent rights that may be granted throughout the world for the invention disclosed in the international
application PCT/RU99/00430, filed on November 11, 1999 (the "PCT Application"), claiming priority based upon United States provisional application 60/136,384, filed on May 27, 1999 (the
"Priority Application"), and any and all divisions, continuations, renewals, reissues, or extensions thereof, as well as all rights of priority under the terms of the International Convention for the
Protection of the Industrial Property, but expressly excluding any continuation in part or the equivalent thereof. 

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    "Product(s)" means personal digital assistant device(s) that operate on a PalmOS platform or any other technological device(s) that
operate on a PalmOS platform, including computer programs and accessories for such device(s). 

    This
Agreement and the licenses granted herein shall become effective as of the date hereof and shall remain in effect until February 1, 2001 at which time this Agreement
terminates. This agreement shall also terminate in the event that Licensee sells 50,000 units of Licensed Product(s) based on orders it places exclusive of any orders provided by Business Solutions
Group, Inc. or Inventor. Subject to the terms and conditions of this Agreement, Inventor grants to Licensee, and Licensee accepts, an exclusive right and license in the United States and its
territories to use the Patent(s) to make, have made, distribute, use, offer for sale, market, advertise and sell 50,000 units of the Licensed Product(s). All packaging for the Licensed Product(s)
manufactured by Licensee or at its direction shall bear the notice "Patent Pending" and a notice that "additional information is available at  www.silkyboard.com." Subject to the terms and conditions of
this Agreement, Inventor grants to Licensee, and Licensee accepts, an exclusive right and
license in the United States and its territories in and to the Know-How to make, have made, distribute, use, offer for sale, and sell 50,000 units of the Licensed Product(s). Subject to
the terms and conditions of this Agreement, Inventor grants to Licensee, and Licensee accepts, an exclusive right and limited license in the United States and its territories to reproduce, distribute,
and make derivative works based upon the Copyrights for use only in connection with making, having made, selling, or marketing of 50,000 units of the Licensed Product(s). Any marketing materials not
sold together with the Licensed Product are to be recalled or destroyed, as appropriate, promptly after termination of this Agreement. Subject to the terms and conditions of this Agreement, Inventor
grants to Licensee, and Licensee accepts, an exclusive right and license in the United States and its territories to use the Mark to produce, have produced, promote, distribute, and sell 50,000 units
of the Licensed Product(s). [delete "for term of this Agreement"]. During the term of this Agreement, the Licensed Product(s) shall be sold exclusively under the Mark, and no
Product(s) shall be sold that do not bear the Mark. Licensee acknowledges and agrees that, during the term of this Agreement, its use of the Mark shall inure to Inventor's benefit. Furthermore,
Licensee agrees that all Licensed Product(s) to which the Mark is affixed shall be formulated, manufactured, promoted, and sold in a first rate manner. Licensee understands and agrees that Inventor
has the right to and will monitor the quality of the Licensed Product(s) sold under the Mark during the term of this license. Upon written request from Inventor, Licensee shall provide to Inventor a
reasonable number of samples of the Licensed Product(s) to which the Mark is affixed, so that Inventor may monitor the quality of such Licensed Product(s) and otherwise protect and maintain Inventor's
rights in the Mark throughout the term of the license. The rights and licenses granted herein shall terminate upon the termination of this Agreement. This Agreement and the licenses granted herein
shall not be violated due to the fulfillment from its existing inventory by BSG or Inventor of any purchase orders that may be received prior to the effective date of this Agreement, yet which are
fulfilled after the effective date. BSG shall purchase from the Licensee all of the Licensee's unsold inventory of the Products on or before
February 10, 2001 for a purchase price equal to the Licensee's manufacturing cost thereof plus ten (10%) percent payable in full by wire transfer
or certified check. If BSG breaches its agreement to repurchase the inventory the Licensee may sell the inventory on or before October 27, 2001. 

    In
consideration for the rights granted herein, Licensee agrees to pay a royalty in the amount of Eight Dollars and Fifty Cents United States Dollars (U.S. $8.50) for each unit of
Licensed Product sold by the Licensee as set forth in this paragraph. This royalty shall be paid on a monthly basis on the fifteenth day of each calendar month with respect to units paid for by
customers in the prior calendar month, with the first payment to be made in January 2001 with respect to all collections prior thereto and on a monthly basis thereafter. These royalty payments
are subject to offset only against payments made to BSG to the extent that the Licensee is not repaid its loan to BSG in the amount of $60,000 on December 15, 2000 which loan is evidenced by a
promissory note of even date herewith. The royalty payments to be paid by Licensee are divided as follows: one half of the royalty to BSG and the second 

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half to Inventor. BSG and the Inventor hereby agree that if they obtain a request or inquiry to purchase the Licensed Products from any U.S. retailer  for U.S. retail
stores prior to February 1, 2001 they shall refer such request or inquiry to the Licensee. However, the total number of Licensed
Products that the Licensee may manufacture or sell under this license shall be increased by the amount of units purchased by any such referred customer. Simultaneously with the execution hereof, the
Inventor and the Licensee are entering into an option for a perpetual expanded license for the Intellectual Property. In the event that the Licensee exercises its option to enter into the perpetual
license, the Licensee shall not owe BSG and the Inventor the royalty due hereunder and, to the extent already paid, shall receive a credit therefor,
under the perpetual license. 

    Nothing
in this Agreement or in Licensee's use of the Intellectual Property shall grant Licensee any rights in or to the Intellectual Property or any portion thereof, other than the
rights expressly licensed pursuant to this Agreement. Licensee acknowledges Inventor's rights in the Intellectual Property until such time as any such rights shall be assigned to Licensee. Licensee
shall not commit, or cause any third party to commit, any act challenging, contesting, or in any way impairing or attempting to impair Inventor's rights in and to the Intellectual Property or any
portion thereof, for so long as Licensee holds a license to such Intellectual Property or any portion thereof. Furthermore, Licensee represents and warrants that it shall use the Intellectual Property
only in accordance with the terms and conditions of this Agreement, and only for so long as Licensee holds a license to such Intellectual Property or any portion thereof. 

    Inventor
hereby makes the following representations and warranties. 

    a.  Ownership of the Intellectual Property.  Inventor hereby represents and warrants that Inventor owns
all right, title, and interest in and to the Intellectual Property. Inventor has not transferred any right, title, or interest in or to the Intellectual Property to any party; however, Inventor has
entered into a representation agreement which concerns sharing of royalties, but not ownership to the underlying Intellectual Property. 

    b.  Noninfringement.  Inventor hereby represents to his knowledge that the Intellectual Property does not
infringe the rights of any third party, including, without limitation, patent, copyright, trade secret, trademark, or other intellectual property rights. Inventor further represents and warrants that
Inventor has no knowledge of any pending, threatened, or potential claims by any third party relating to the Intellectual Property. 

    c.  Power to Enter into Agreement.  Inventor hereby represents and warrants that Inventor has full power
to enter into this Agreement and that Inventor's power to enter into this Agreement is not impaired in any way by any duties or obligations assumed by Inventor prior to the Effective Date and still
existing as of the Effective Date. 

    Licensee
hereby agrees as follows: 

	a.
	Licensee's Efforts under Agreement. Licensee agrees to and will use (1) commercially reasonable efforts to sell Licensed
Product during the term of this Agreement, (2) commercially reasonable efforts to fill any orders referred to Licensee by BSG or Inventor in the ordinary course of business at prices and on
terms in accordance with Licensee's normal pricing policies; (3) commercially reasonable efforts to produce 50,000 units of the Licensed Product within four (4) weeks of the effective
date of this Agreement.

	b.
	Option for Perpetual License. In the event that Licensee opts not to enter into the perpetual license based on the results of their
due diligence, Licensee shall turn over to Inventor its list of customers who purchased Licensed Products from the Licensee and agrees that Inventor can solicit future sales of
the Licensed Product(s) from the customers on that list. 

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    Until
the termination of this Agreement and thereafter, Inventor shall hold all financial terms of this Agreement, technology, inventions, designs, drawings, processes, recipes,
formulae, data, technical information and the like, which are disclosed by Licensee to Inventor or received by Inventor under this Agreement (collectively, "Licensee Confidential Information") in
confidence, and shall not disclose the Licensee Confidential Information, unless permitted hereunder, to any third party without Licensees' prior written consent. Inventor shall not make any use of
the Licensee Confidential Information during or after the termination of this Agreement except as expressly permitted herein. 

    Until
the termination of this Agreement and thereafter, Licensee shall hold all financial terms of this Agreement, the Know-How and all other technology, inventions,
designs, drawings, processes, recipes, formulae, data, technical information and the like, which are disclosed by Inventor to Licensee or received by Licensees' personnel under this Agreement
(collectively, "Inventor Confidential Information") in confidence, and shall not disclose the Inventor Confidential Information, unless permitted hereunder, to any third party without Inventor's prior
written consent. Without limiting the foregoing, the Licensee may disclose the Inventor Confidential Information on an as needed basis to its manufacturer and to the extent it is included in a
Licensed Product sold by Licensee. Licensee shall not make any use of the Inventor Confidential Information during or after the termination of this Agreement except as expressly permitted herein. 

    The
confidentiality obligations set forth in this Agreement shall not apply to any information that: (i) is or becomes generally available to the public other than as a result
of disclosure by one of the parties or the parties' agents, employees, representatives, or advisors; (ii) is rightfully disclosed to either of the parties by a third party without any breach of
the confidentiality obligations hereunder; (iii) is independently developed by a party without having had access to the other party's Confidential
Information; (iv) is disclosed by one of the parties with express authorization to disseminate the information to third parties; or (v) must be disclosed pursuant to a Court order. 

    This
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Licensee shall not be entitled to assign
this Agreement and its rights and obligations hereunder to any third party without obtaining the prior written consent of Inventor, which consent shall not be unreasonably withheld or delayed.
Inventor shall not be entitled to assign this Agreement and his rights and obligations hereunder to any third party without obtaining the prior written consent of Licensee, which consent shall not be
unreasonably withheld or delayed. 

    No
amendment of any provision of this Agreement shall be valid unless the amendment shall be in writing and signed by Inventor and Licensee. 

    No
waiver by either party of any default, misrepresentation, or breach of warranty or covenant hereunder, regardless of whether intentional, shall be deemed to extend to any prior or
subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. 

    Any
term or condition of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms
and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. 

    This
Agreement by and among Licensee and Inventor shall constitute the entire agreement between the parties with respect to the subject matter hereto and shall supersede any prior
understandings, agreements, covenants, warranties, or representations by or between the parties, written or oral. 

    This
Agreement shall be enforced, governed by, and construed in accordance with the laws of the State of New York, regardless of the choice of law or conflict of law provisions of or
any other jurisdiction. The parties agree that any suit brought in connection with this Agreement shall be brought 

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exclusively in the state or federal courts located in the in the county of New York. The parties consent to the personal jurisdiction of such courts. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION
TO VENUE, INCLUDING AN OBJECTION BASED ON THE GROUNDS OF FORUM NON CONVENIENS, THAT SUCH PARTY NOW HAS OR HEREAFTER MAY HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION. 

    This
letter shall confirm our agreement with respect to the above referenced license. 

	 	 	 	 	Very truly yours,
 PERFECTDATA CORPORATION
	

 	
 	

 	
 	

By:	
 	

/s/ HARRIS SHAPIRO   

	Acknowledged and Agreed to

This 27th day of October, 2000:	 	 	 	 
	

/s/ ALEXEI AFANASIEV   
 Alexei Afanasiev	
 	

 	
 	

 
	

 	
 	

 	
 	

 	
 	

 
	

Acknowledged and Agreed to

This 27th day of October, 2000:	
 	

 	
 	

 
	
BUSINESS SOLUTIONS GROUP, INC.	
 	

 	
 	

 
	

BY:	
 	

/s/ DMITRI SIMONENKO   
 Dmitri Simonenko	
 	

 	
 	

 

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EXHIBIT 10.15Prepared by MERRILL CORPORATION

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EXHIBIT 10.16    
  

    AGREEMENT (hereinafter called this "Agreement") made as of this 27th day of October, 2000 between Alexey Vladimierevich
Afanasiev (hereinafter called the "Inventor"), and PerfectData Corporation (hereinafter called the "Opionee"). 

    WHEREAS, the Inventor is the owner of certain Intellectual Property (herein defined) and the Inventor desires to grant the Optionee an
option to purchase or license the Intellectual Property. 

    NOW THEREFORE, in consideration of the premises, the mutual covenants herein set forth and other good and valuable consideration,
including the Optionee and the Inventor entering into an interim license agreement of even date hereof (the "Interim License Agreement"), the Inventor and the Optionee hereby agree as follows: 

    1.  Definitions.  The following terms shall have the following meaning: 

    "Copyright(s)" means any work containing copyrightable subject matter that Inventor owns or has the right to license to others that
relates to the Licensed Product(s), including without limitation works registered with the Copyright Office of the United States or any foreign country or works for which an application to register
the work with the Copyright Office of the United States or any foreign country has been filed. 

    "Intellectual Property" means the entire right, title, and interest in and to all proprietary rights encompassed within the categories
of Copyright(s), Know-How, mark, and patent(s). 

    "Know-How" means technology, inventions, designs, drawings, processes, recipes, formulae, data, technical information, and
other intellectual, industrial, or commercial property that are known to and possessed by Inventor as of the date the option is exercised and that relate to the Licensed Product(s). 

    "Licensed Product(s)" means product(s) that incorporate the Intellectual Property, any improvement(s),or any portion(s) of the
Intellectual Property or improvement(s). 

    "Mark" means the trademark SILKYBOARD, including all rights associated with such trademark arising under provincial state, federal, or
other local or national law throughout the world, and all goodwill associated with such trademark and the domain name www.silkyboard.com. For purposes
of this Agreement, the mark shall include, without limitation, all rights arising from the United States Trademark Application Serial Number 75/750,549 filed on August 11, 1999. 

    "Patent(s)" means all patent rights that may be granted throughout the world for the invention disclosed in the international
application PCT/RU99/00430, filed on November 11, 1999 (the "PCT application"), claiming priority based upon United States provisional application 60/136,384, filed on May 27, 1999 (the
"Priority Application"), and any and all divisions, continuations, renewals, reissues, or extensions thereof, as well as all rights of priority under the terms of the International Convention for the
Protection of the Industrial property, but expressly excluding any continuation in part or the equivalent thereof. 

    2.  Confirmation of Grant of Option.  The Inventor hereby irrevocably grants to the Optionee the right to
license or purchase the Intellectual property on the terms and conditions set forth in the Term Sheet attached hereto as Exhibit A (hereinafter called the "Option"). 

    3.  Exercise of Option.  The Option may be exercised on or prior to December 22, 2000 (the
"Expiration Date"). The Option may be exercised by written notice to the Inventor. Upon the exercise of the Option the Inventor and the Optionee will execute a license or purchase agreement containing
the terms set forth on Exhibit A within seven days of the date the Option as exercised. The Inventor and the Optionee agree to negotiate in good faith commencing on the execution hereof the
form of the license or purchase agreement and related agreements which will be executed upon the exercise of the 

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Option which form shall include standard provisions (e.g. representations, warranties, indemnification etc.) for a transaction of this type. Inventor shall cooperate with the Optionee and provide it
with any requested information regarding its due diligence of the Intellectual Property. 

    4.  Exclusivity.  Inventor and Optionee hereby agree that prior to the Expiration Date Inventor shall
not, and shall not permit any of its directors, employees, agents or representatives to, directly or indirectly, solicit, initiate or accept any discussions, submissions of proposals or offers or
negotiations with, or, participate in any negotiations or discussions with, or provide any information or data of any nature whatsoever to, or otherwise cooperate in any other way with, or assist or
participate in, facilitate or
encourage any effort or attempt by, or enter into any agreement with, any person, other than Optionee (or one of its affliliates), concerning any, sale or licensee of the Intellectual Property, or any
similar transaction involving Inventor or the Intellectual Property or authorize or permit any of his agents or representatives to take any such action. 

    5.  Notices.  Each notice relating to this Agreement will be in writing and delivered in person or by
registered or certified mail or by express courier service to the proper address. All notices to the Inventor shall be addressed to him at 47337 Middle Bluff Place, Potomac Falls, VA 20165, with a
copy to Darby & Darby, 805 Third Avenue, New York, New York 10022, Attention David Leason, Esq. All notices to the Optionee shall be addressed to it at 110 West Easy Street, Simi Valley, CA
93065, Attention Chief Executive Officer, with a copy to Wachtel & Masyr, 100 East 59 Street, New York, New York 10022, Attention Scott J. Lesser, Esq. Anyone to whom a notice may be given
under this Agreement may designate a new address in the United States by notice to that effect given in accordance with this Section 4. 

    6.  Miscellaneous.  No waiver by either party of any default, misrepresentation, or breach of warranty or
covenant hereunder, regardless of whether intentional, shall be deemed to extend to any prior or subsequent default, misrepresentation or breach of warranty or covenant hereunder or affect in any way
any rights arising by virtue of any prior or subsequent such occurrence. Any term or condition of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect
the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.
This Agreement and the Interim License Agreement shall constitute the entire agreement between the parties with respect to the subject matter hereto and shall supersede any prior understandings,
agreements, covenants, warranties, or representations by or between the parties, written or oral. This Agreement shall be enforced, governed by, and construed in accordance with the laws of the State
of New York, regardless of the choice of law or conflict of law provisions of or any other jurisdiction. The parties agree that any suit brought in connection with this Agreement shall be brought
exclusively in the state or federal courts located in the county of New York. The parties consent to the personal jurisdiction of such courts. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO
VENUE, INCLUDING AN OBJECTION BASED ON THE GROUNDS OF FORUM NON CONVENIENS, THAT SUCH PARTY NOW HAS OR HEREAFTER MAY HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION. Service of
process on the Inventor may be made on David Leason, 805 Third Ave, New York, NY 10022, (212) 527-7700 and Dmitri Simonenko, 47337 Middle Bluff Place, Potomac Falls, VA 20165,
(703) 244-7141 as his agent. Service of process on the Optionee may be made on the Chief Executive Officer, 110 West Easy Street, Simi Valley, CA 93065 and Scott J. Lesser, Esq. of
Wachtel & Masyr, 100 East 59 Street, New York, New York 10022 as their agent. 

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    IN WITNESS WHEREOF, the Inventor and the Optionee have caused this Agreement to be executed as of the day, month and year first above
written. 

	 	 	PERFECTDATA CORPORATION
	

 	
 	

By:	
 	

/s/ HARRIS SHAPIRO   

	

 	
 	

 	
 	

/s/ ALEXEI AFANASIEV   
 Alexey Vladimierevich Afanasiev

E–16

  

 
 

EXHIBIT A    
  

    Set forth below are the proposed terms and conditions of the transaction contemplated by Perfectdata Corporation ("PD") and Alexey Vladimierevich Afanasiev  or a U.S. holding company
which may hold the Intellectual Property (collectively, "AV") regarding
Silkyboard. 

    Upon
PD's exercise of the Option AV will either (i) grant a license to PD granting worldwide exclusive unlimited rights in perpetuity to the Intellectual Property for all
products or (ii) sell the Intellectual Property to PD, the selection of (i) or (ii) structure to be determined after PD's reviewing all
patent information and other due diligence materials and other tax considerations. The financial terms (license fees under (i) or purchase price under (ii), as set forth
above) are as follows: (i) one million dollars ($1,000,000) payable $300,000 at closing plus 20% of net sales paid on a monthly basis until the entire one million
dollars has been paid, provided however, that if the entire $1,000,000 has not been paid upon the one-year anniversary of the license/purchase agreement, PD will have the option to
make-up any shortfall and to the extent such shortfall has not been paid by PD, then AV will have the right to terminate the agreement and AV will retain any moneys paid and shares
delivered up to that point with no obligation to make any reimbursement to PD, (ii) a royalty or payment of 4.25% of net sales paid and (iii) up to 1,200,000 shares of restricted PD
common stock. The shares will be issued as follows: 

    (a) 600,000
shares at closing; 

    (b) 600,000
shares on an earnout basis as follows: 300,000 shares when silkyboard's net sales reach $4,000,000 during the first 12 month period after the closing
of the exercise of the Option, the next 150,000 shares when silkyboard's net sales reach $6,000,000 during the first 12 month period after the closing of the exercise of the Option and the next
150,000 shares when silkyboard's net sales reach $8,000,000 during the first 12 month period after the closing of the exercise of the Option (for a total of 600,000 shares), or if the
cumulative net sales of silkyboard reach $10,000,000 anytime during the first 2 years after the closing of the exercise of the Option the remaining number shares needed to reach 600,000 shares. 

AV
and Dimitri Simonenko will share all payments hereunder, except for the 4.25% royalty/fee, equally. 

    PD
will prepare a marketing plan requiring a minimum of $250,000 to be spent by PD and its vendors during the first 12-month period after the closing of the exercise of
the Option on advertising. 

    PD
will use its best efforts (subject to compliance with the securities laws) to file a registration statement for the first 300,000 shares that are being transferred within
90 days after the closing of the exercise of the Option. In addition, PD will provide traditional piggyback rights with respect to the remaining number of shares to be issued. 

    PD
will offer AV a position as a consultant for a 2-year period following the closing of the exercise of the Option for a salary of $50,000 per year plus reasonable
expenses as approved by PD. 

 FINDER'S FEE  

    Quay Fahnestock will receive a finder's fee from Dimitri Simonenko and AV, paid in kind, equal to 7% of all payments made to DS, at the time the transaction
closes and for a period ending December 31st, 2002. 

E–17

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EXHIBIT 10.16

EXHIBIT A

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