Document:

Prepared by MERRILL CORPORATION

 

SECURITIES PURCHASE AGREEMENT

 

by and between

 

HOFMANN

& CO

Buyer

 

and

 

NETWORK

COMPUTING DEVICES, INC.

As Issuer and

Seller

 

 

 

Dated August 29,

2001

 

SECURITIES PURCHASE AGREEMENT

 

THIS SECURITIES PURCHASE

AGREEMENT (the “Agreement”) is entered into as of August 29, 2001, by and

between Network Computing Devices, Inc., a Delaware corporation (“Seller”), and

Hofmann & Co, a Swiss Partnership incorporated in Unteraegeri (“Buyer”)

(each a “Party” and together “Parties”).

 

RECITALS

 

Buyer desires to purchase from Seller, on the

following terms and conditions, certain newly issued Shares (as defined below)

and Warrants (as defined below) of the Seller, from the Seller; a

publicly-traded corporation; and

 

Seller desires to issue

and deliver the Shares and Warrants to Buyer, each on the following terms and

conditions, set forth herein.

 

NOW, THEREFORE, in

consideration of the recitals and the mutual covenants, representations,

warranties, conditions, and agreement hereinafter expressed, the Parties agree

as follows:

 

ARTICLE

I - PURCHASE AND SALE

 

1.1.          The Shares.  Upon the terms and subject to the conditions

set forth in this Agreement, at the Closing (as defined below), the Seller

shall issue and deliver to Buyer, free and clear of all security interests,

claims, and restrictions, and Buyer shall purchase and accept from Seller, an

aggregate of Five Hundred Thirty Thousand (530,000) shares of Convertible

Preferred Stock of the Seller having the rights, privileges, and designations

set forth on Exhibit A hereto (the “Preferred Shares”).  The Preferred Shares shall be convertible

into Common Stock (the “Conversion Shares”) on the terms and conditions set

forth in Exhibit A.  The Buyer understands

that the Shares and the Conversion Shares, when issued, have not been registered

under the Securities Act of 1933, as amended (the “Act”) and will bear a legend

restricting retransfer in accordance with the Act.

 

  1.2         Warrants.  Upon the terms and subject to the conditions

set forth in this Agreement, at the Closing (as defined below), the Seller

shall issue and deliver to Buyer, free and clear of all security interests,

claims, and restrictions, and Buyer shall purchase and accept from Seller, an

aggregate of One Million Two Hundred Thousand (1,200,000) Warrants to purchase

additional Shares of Common Stock (the “Warrant Shares”) of the Seller on the

terms, and subject to the conditions, of the form of Warrants (the “Warrants”)

annexed hereto as Exhibit B hereof.  The

Buyer understands that neither the Warrants nor the Warrant Shares have been

registered under the Act, and that the Warrants, and Warrant Shares when

issued, will bear a legend restricting retransfer in accordance with the Act.

 

1.3           Consideration.  The consideration that Buyer shall pay, and

the Seller shall accept, for the Preferred Shares and Warrants is Two Million

Dollars (U.S. $2,000,000).

 

1.4           Closing; Cooperation.  The Closing shall take place at the office

of the Seller at 10:00 A.M. local time on August 29, 2001, or, if the

conditions to the Closing are not by then satisfied, upon satisfaction of such

conditions, the date on which the Closing actually occurs being referred to

herein as the “Closing Date.”  Each

Party shall reasonably cooperate, as to matters under such Party's control, in

the satisfaction of conditions to the obligations of the Parties at the

Closing; provided, that the foregoing shall not require either Party to waive

any condition herein to its obligations at the Closing or to incur any

substantial cost not otherwise required hereunder.

 

1.5           Deliveries of Seller at Closing.  Subject to the conditions to Seller’s

obligations in Article V, at each Closing, Seller shall deliver to Buyer a

certificate or certificates evidencing the Preferred Shares and the Warrants

duly endorsed or accompanied by a duly executed stock power, together with such

other documents identified in Article IV, duly executed by Seller.

 

1.6           Deliveries of Buyer at Closing.  Subject to the conditions to Buyer’s

obligations in Article IV, at each Closing, Buyer shall deliver to Seller the

Purchase Price by wire transfer of immediately available funds, and the

documents identified in Article V, duly executed by Buyer.

 

ARTICLE

II - REPRESENTATIONS AND WARRANTIES OF SELLER

 

Except as set forth in

the Schedule of Exceptions attached hereto as Exhibit C, Seller hereby makes

the following representations and warranties to Buyer, each of which is true

and correct on the date hereof and each of which shall survive the Closing:

 

2.1           Power and Authority.  The Seller has the power and capacity to

execute and deliver this Agreement, to perform its obligations hereunder, and

to consummate the transactions contemplated hereby.

 

2.2           Shares and Warrants.  The Preferred Shares, Conversion Shares,

Warrants, and Warrant Shares (collectively the “Securities”) will be, when

issued, fully paid, non-assessable securities of the Seller, free and clear of

all security interests, claims, restrictions and voting agreements of any

kind.  The Seller will transfer good and

marketable title to the Shares and Warrants at the Closing, free and clear of

all liens, security interests, claims, liens and voting agreements subject to

(i) laws of general application relating to specific performance, injunctive

relief and other equitable remedies; (ii) applicable laws of general

application relating to or affecting creditor rights generally; and (iii) to

the extent that the indemnification provisions in Section 7.2 hereof may be

limited by State or Federal Law.

 

2.3           Enforceability.  This Agreement has been duly executed and

delivered by the Seller and constitutes a legal, valid and binding obligation

of the Seller, enforceable against the Seller in accordance with its terms,

subject to (i) laws of general application relating to specific performance,

injunctive relief and other equitable remedies; (ii) applicable laws of general

application relating to or effecting creditor rights generally; and (iii) to

the extent that the indemnification provisions in Section 7.2 hereof may be

limited by State or Federal Law.

 

2.4           No Violation; Consents.  The execution and delivery of this Agreement

by Seller, the performance by Seller of its obligations hereunder and the

consummation by Seller of the transactions contemplated by this Agreement will

not (i) contravene any provision of the certificate of incorporation or bylaws

of the Seller, (ii) violate or conflict with any law, statute, ordinance, rule,

regulation, decree, writ, injunction, judgment or order of any governmental

authority or of any arbitration award which is either applicable to, binding

upon or enforceable against the Seller, (iii) conflict with, result in any

breach of, or constitute a default (or an event which would, with the passage

of time or the giving of notice or both, constitute a default) under, or give rise

to a right to terminate, amend, modify, abandon or accelerate, any contract

which is applicable to, binding upon or enforceable against the Seller, or (v)

require the consent, approval, authorization or permit of, or filing with or

notification to, any governmental authority, except any filings with the

Securities and Exchange Commission (the “SEC”) and other securities filings

required to be made by Seller subsequent to the consummation of the

transactions contemplated hereunder.

 

2.5           Corporate Existence and

Qualification.  The Seller is a

corporation duly incorporated, validly existing, and in good standing under the

laws of the State of Delaware; it is duly qualified and in good standing in

each foreign jurisdiction where its failure to so qualify would materially

adversely effect the Seller.  The Seller

has the corporate power and authority to own and use its properties and to

transact the business in which it is engaged.

 

2.6           Capitalization.  The authorized capital stock of the Seller

consists of 30,000,000 shares of common stock, par value $0.001 per share, and

3,000,000 shares of preferred stock.  As

of the date hereof, there are issued and outstanding 17,613,237 Common Shares

and 220,000 shares of Series B Convertible Preferred Stock, all of which have

been duly authorized and validly issued and are fully paid and non-assessable,

and warrants to purchase an additional 1,600,000 shares of Common Stock.

 

2.7           Property and Permits.  Except as set forth in the Seller’s filings

in accordance with the Securities Exchange Act of 1934 (the “Exchange Act”)

including the Seller’s 10-K for the fiscal year ended December 31, 2000 and

10-Q for the fiscal quarter ending June 30, 2001, (collectively the “Filings”)

the Seller is the sole owner of all right, title, and interest in and to all

assets reflected on its most recent balance sheet, free and clear of all

mortgages, security interests, claims, restrictions and other encumbrances,

except as set forth in the Filings, and there exists no restriction on the use

or transfer of such assets or property. 

No such assets or property are in the possession of others and the

Seller holds no property on consignment. 

The Seller holds all permits, licenses and other approvals necessary to

conduct the business in which it is engaged.

 

2.8           Financial Information.  The audited and unaudited financial

information set forth in the Filings (the “Financial Information”), and has

been prepared in accordance with generally accepted accounting principles

consistently applied during the periods involved (“GAAP”), and fairly presents

the financial condition and results of operations of the Seller as of the dates

and for the periods presented therein. 

The books and records of the Seller have been, and are being, maintained

in all material respects in accordance with the GAAP.

 

2.9           Changes Since June 30, 2001.   Except as set forth in the Filings, since

June 30, 2001, the Seller has not (i) issued any capital stock or other

securities; (ii) made any distribution of or with respect to its capital stock

or other securities or purchased or redeemed any of its securities; (iii) sold,

leased or transferred any of its properties or assets other than in the

ordinary course of business consistent with past practice; (iv) made or

obligated itself to make capital expenditures out of ordinary course of

business consistent with past practice; (v) made any payment in respect of its

liabilities other than in the ordinary course of business consistent with past

practice; or (vi) agreed to do or authorized any of the foregoing.

 

2.10         No Breach of Law or Governing

Document.  The Seller is not and has

not been in default under or in breach or violation of any applicable statute,

law, treaty, convention, ordinance, decree, order, injunction, rule, directive,

or regulation of any Government (“Law”) or the provisions of any Government

permit, franchise, or license, or any provision of its certificate of

incorporation or its bylaws.  The Seller

has not received any notice alleging such default, breach or violation.  Neither the execution of this Agreement nor

the consummation of the transactions contemplated hereby constitute or will

constitute or result in any such default, breach or violation.

 

2.11         Litigation.  Except as reflected in the Filings, there is

no action, suit, or other legal or administrative proceeding or governmental

investigation pending or threatened against or by Seller, or any of its

properties or assets, which alone or in the aggregate would have a material

adverse effect upon the Seller, or which questions the validity or

enforceability of this Agreement or the transactions contemplated hereby.  There are no outstanding orders,

injunctions, decrees or stipulations issued by any governmental authority in

any proceeding to which the Seller is a party which have not been complied with

in full or which continue to impose any material obligations on the Seller.

 

2.12         Intellectual Property.

 

(a)           Except as disclosed in the Filings,

to its knowledge, the Seller is the sole and exclusive owner of each patent,

trademark, trade name, service mark, and copyrighted work, and registrations

thereof and applications therefor, trade secret, software program, invention,

proprietary process, and item of proprietary know-how and other intellectual

property necessary for the conduct of its business as currently conducted (the

“Intellectual Property”);

 

(b)           To its knowledge, the Seller is the

exclusive owner of all internally developed prospect lists, customer lists,

projections, analyses, and market studies, free and clear of all restrictions

whatsoever, and has the unrestricted right to use any other such materials used

by the Seller but not internally developed;

 

(c)           To its knowledge, the ownership, use,

licensing, purchase, or sale by or to the Seller of any of the Intellectual

Property or of the other technology used in the business of the Seller does not

conflict with, contravene, infringe upon, interfere with, or violate any

patent, trademark, copyright or other intellectual property right of any third

person or require the acquiescence, agreement or consent of any third person;

and

 

(d)           To its knowledge, the Intellectual

Property and the other technology used in the business of the Seller are not

subject to a challenge or claim of infringement, interference or unfair

competition or other claim and, to the knowledge of Seller or the Seller, the

Intellectual Property is not being infringed upon or violated by any third

person.

 

2.15         Disclosure.  No representation or warranty by Seller in

this Agreement or in any other document or agreement to be delivered hereunder,

and no information furnished to Buyer by or on behalf of Seller pursuant to or

in connection with this Agreement, contains or will contain as of the Closing

Date any untrue statement of a material fact or any omission of a material fact

necessary to make the respective statements contained herein or therein, in

light of the circumstances under which the statements were made, not

misleading.

 

2.16         Brokers; Finders.  Seller has not incurred any obligation for

any finder's or broker's or agent's fees or commissions or similar compensation

in connection with the transactions contemplated hereby.

 

2.17         Restrictive Documents.  Seller is not subject to any charter,

by-law, mortgage, lien, lease, agreement, instrument, order, law, rule,

regulation, judgment or decree or any other restriction which would prevent

consummation of the transactions contemplated by this Agreement.

 

ARTICLE

III - REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer hereby makes the

following representations and warranties to Seller, each of which is true and

correct on the date hereof and each of which shall survive the Closing:

 

3.1           Status.  Buyer is a partnership with the power and

authority to enter into this transaction, and execute and deliver this

Agreement, perform its obligations hereunder, and to consummate the

transactions contemplated hereby. Buyer has the power and capacity to execute

and deliver this Agreement, to perform its obligations hereunder, and to

consummate the transactions contemplated hereby.  Buyer has taken all action necessary to authorize its execution

and delivery of this Agreement, the performance of its respective obligations

hereunder and the consummation of the transactions contemplated hereunder.

 

3.2           Enforceability.  This Agreement has been duly executed and

delivered by Buyer and constitutes a legal, valid and binding obligations of

Buyer, enforceable against Buyer in accordance with its terms.

 

3.3           No Violation.  The execution and delivery of this Agreement

by Buyer, the performance by Buyer of the obligations hereunder and the

consummation by Buyer of the transactions contemplated by this Agreement will

not (i) violate or conflict with any law, statute, ordinance, rule, regulation,

decree, writ, injunction, judgment or order of any governmental authority or of

any arbitration award which is either applicable to, binding upon or

enforceable against Buyer, (ii) conflict with, result in any breach of, or

constitute a default (or an event which would, with the passage of time or the

giving of notice or both, constitute a default) under, or give rise to a right

to terminate, amend, modify, abandon or accelerate, any contract which is

applicable to, binding upon or enforceable against Buyer, (iii) result in or

require the creation or imposition of any lien upon or with respect to the

Securities being acquired by Buyer, or (iv) require the consent, approval,

authorization or permit of, or filing with or notification to, any governmental

authority, except any filings with the SEC and other filings required to be

made by Buyer subsequent to the consummation of the transaction.

 

3.4           Financial Condition.  Buyer has sufficient assets to enter into

this Agreement and to consummate the transactions contemplated hereby.

 

3.5           Investment Experience. The

Buyer is an accredited investor, as such term is defined under Regulation D

promulgated under the Act, which may require that the Buyer have more than US$

5,000,000 in assets or that each constituent partner of the Buyer have either

(i) a net worth in excess of US$1,000,000 or (ii) income of more than

US$200,000 in each of the last two years or US$300,000 jointly with his or her

spouse during those years and a reasonable expectation of reaching the same

income level in the current year.The

Buyer acknowledges that it can bear the economic risk and complete loss of its

investment in the Shares and has such knowledge and experience in financial or

business matters that it is capable of evaluating the merits and risks of the

investment contemplated hereby.

 

3.6           Investment Representation.  Buyer is acquiring the Shares for its own

account, for investment and without any view to resale or distribution of the

Shares or any portion thereof.  Buyer

acknowledges that the sale of the Securities hereunder has not been registered

or qualified under the Act, or under any state securities laws, and that any

retransfer of the Shares by the Buyer will accordingly be restricted.  The certificates representing the Shares

will bear a legend to the effect that the Shares may not be transferred except

in a transaction registered or qualified under applicable securities laws or in

a transaction exempt from such registration or qualification, as evidenced by

an opinion of counsel or other evidence satisfactory to the Seller and its

counsel.

 

3.6.1        Restrictions on Transfer.  Buyer acknowledges that the Securities must

be held indefinitely unless subsequently registered under the Securities Act or

the Company receives an opinion of counsel satisfactory to the Company that

such registration is not required. 

Buyer is aware of the provisions of Rule 144 promulgated under the

Securities Act which permit limited resale of stock purchased in a private

placement subject to the satisfaction of certain conditions, including, among

other things, the existence of a public market for the stock.  In the absence of a prior registration of

the Common Shares underlying the securities being sold, the Buyer agrees to be

bound by any applicable restrictions, and acknowledges that the Buyer may be

required to hold the Shares for an indefinite period of time, subject to prior

registration of the Common Stock into which the Shares are convertible.

 

3.6.2        Exemption from Registration.  Buyer further acknowledges that, in the

event all of the requirements of Rule 144 are not met, compliance with another

registration exemption will be required; and that, although Rule 144 is not

exclusive, the staff of the SEC has expressed its opinion that persons

proposing to sell private placement securities other than in a registered

offering and other than pursuant to Rule 144, will have a substantial burden of

proof in establishing that an exemption from registration is available for such

offers or sales, that such persons and the brokers who participate in the

transactions do so at their own risk. 

There is no assurance that any exemption from registration under the

Securities Act will be available or, if available, will allow such person to

dispose of, or otherwise transfer, all or any portion of the Securities.

 

3.7           Disclosure of Information. The

Buyer has had access to such financial and other information concerning the

Seller and the Shares as the Buyer deems necessary in order to make a decision

to acquire the Shares, including an opportunity to ask questions of and receive

information from the Seller.  Neither

such inquiries nor any other due diligence investigation conducted by the Buyer

shall modify, amend or affect the Buyer’s right to rely on the Seller’s representations

and warranties contained in this Agreement.

 

3.8           Brokers, Finders.  Buyer has not incurred any obligation for

any finder's or broker's or agent's fees or commissions or similar compensation

in connection with the transactions contemplated hereby.

 

3.9           Restrictive Documents.  Buyer is not subject to any agreement,

instrument, order, law, rule, regulation, judgment or decree or any other

restriction which would prevent consummation of the transactions contemplated

by this Agreement.

 

ARTICLE

IV - CONDITIONS TO BUYER'S OBLIGATIONS

 

The obligations of Buyer

at the Closing shall be subject to the satisfaction at or prior to the Closing

of each of the following conditions (unless waived in writing by Buyer):

 

4.1           Accuracy of Representations and

Warranties.  Seller’s

representations and warranties set forth in Article II shall have been true and

correct in all material respects when made and shall be true and correct in all

material respects on the Closing Date as though such representations and

warranties were made at and as of such date and time.

 

4.2           Performance of Agreement.  Seller shall have fully performed and

complied with all covenants, conditions, and other obligations under this

Agreement to be performed or complied with by them at or prior to the Closing.

 

4.3           No Adverse Change.  There shall have been no material adverse

change in the Seller’s business, prospects or financial condition between the

date hereof and Closing.

 

4.4           Certificate.  Seller shall have delivered to Buyer at the

Closing a certificate of Seller, dated the Closing Date, to the effect that the

conditions set forth in Sections 4.1, 4.2 and 4.3 have been satisfied.  Such certificate shall be deemed an

additional representation and warranty of Seller hereunder.

 

4.5           Registration Rights Agreement.  Seller shall have entered into, executed and

delivered a Registration Rights Agreement, in form and substance satisfactory

to Buyer, providing for at least one demand registration of the Conversion

Shares and the Warrant Shares, and an unlimited number of piggyback registrations

of such Conversion Shares and Warrant Shares.

 

ARTICLE V - CONDITIONS TO SELLER’S

OBLIGATIONS

 

The obligations of Seller

at the Closing shall be subject to the satisfaction at the Closing of the

following conditions (unless waived in writing by Seller):

 

5.1           Accuracy of Representations and

Warranties.  Buyer's representations

and warranties set forth in Article III shall have been true and correct in all

material respects when made, and shall be true and correct in all material

respects on the Closing Date as though such representations and warranties were

made at and as of such date and time.

 

5.2           Performance of Agreement.  Buyer shall have fully performed and

complied with all covenants, conditions, and other obligations under this

Agreement to be performed or complied with by it at or prior to the Closing.

 

5.3           Certificate.  Buyer shall have delivered to Seller at the

Closing a certificate of Buyer, dated the Closing Date, to the effect that the

conditions set forth in Sections 5.1 and 5.2 have been satisfied.  Such certificate shall be deemed an

additional representation and warranty of Buyer hereunder.

 

5.4           Registration Rights Agreements.  Buyer shall have entered into, executed and

delivered a Registration Rights Agreement, as provided in Section 4.5 hereof.

 

ARTICLE

VI - ADDITIONAL COVENANTS OF THE PARTIES

 

6.1           Conduct of Business Before

Closing.  From the date hereof,

until Closing, Seller shall (a) cause the business of the Seller to be

operating in the ordinary course of business and (b) not take any action which

would require a change or addition to or deletion from the disclosures of

Seller pursuant to Article II hereof, without the prior written consent of

Buyer.

 

6.2           Public Disclosure.  No Party to this Agreement shall make any

public disclosure of the terms hereof or the transactions contemplated hereby

without the prior written consent of the other Party, except as required by

law.  In the event circumstances shall

change requiring, in the opinion of either Party, a public release, the Party

proposing to make the announcement will advise the other in advance and will

give the other Party the opportunity to comment on the form of the proposed

announcement.  Buyer shall not disclose

to any third person any confidential information relating to the Seller,

without the prior written consent of the Seller.  Notwithstanding the foregoing, Buyer may disclose such

information, as may be reasonably required, to 

its attorneys, accountants, and advisors, financial and otherwise, in

order to evaluate the investment opportunity presented herein.

 

6.3           Further Assurances.  From and after each Closing, the Parties

shall do such acts and execute such documents and instruments as may be

reasonably required to make effective the transactions contemplated hereby.

 

ARTICLE

VII - INDEMNIFICATION

 

7.1           Survival.  The respective representations and

warranties made by the Parties in Articles II and III and certificates

under Sections 4.4 and 5.3 shall survive the Closing Date but the right to

bring a claim for indemnification under this Article VII shall expire on the

first anniversary of the Closing Date unless a claim with respect thereto shall

have been made against the Party responsible for indemnification hereunder (the

“Indemnifying Party”).

 

7.2           Indemnification of Buyer.  Seller shall hold Buyer harmless and

indemnify it from and against, and waives any claim for contribution or

indemnity with respect to, any and all claims, losses, damages, liabilities,

expenses or costs (“Buyer Losses”) plus reasonable attorneys' fees and expenses

incurred in connection with Buyer Losses and/or enforcement of this Agreement

(“Buyer Indemnified Losses”) incurred or to be incurred by  it to the extent resulting from or arising

out of any breach or violation of Seller’s representations, warranties,

covenants, or agreements contained in this Agreement, including provisions of

this Article VII.

 

                7.3           Indemnification of Seller.  Buyer shall hold Seller, its officers,

directors, and affiliates (“Seller Indemnified Persons”), harmless and indemnify

each of them from and against, and waives any claim for contribution or

indemnity with respect to, any and all claims, losses, damages, liabilities,

expenses or costs (“Seller Losses”) plus reasonable attorneys' fees and

expenses incurred in connection with Seller Losses and/or enforcement of this

Agreement. (“Seller Indemnified Losses”) incurred or to be incurred by any of

them to the extent resulting from or arising out of any breach or violation of

Buyer’s representations, warranties, covenants, or agreements contained in this

Agreement, including provisions of this Article VII.

 

7.4           Notice of Claim.  In the event that Buyer seeks

indemnification, or Seller seeks indemnification on behalf of a Seller

Indemnified Person, such Party seeking indemnification (the “Indemnified

Party”) shall give written notice to the other party (the “Indemnifying Party”)

specifying the facts constituting the basis for such claim and the amount, to

the extent known, of the claim asserted. The Indemnifying Party shall pay the

amount of any valid claim not more than thirty days (30) after the Indemnified

Party provides notice to the Indemnifying Party of such amount, or otherwise

take the entire burden, including all reasonable legal fees and expenses, of

defending and holding harmless the Indemnified Party against such claim or

liability.

 

ARTICLE

VIII - MISCELLANEOUS PROVISIONS

 

8.1           Notice.  All notices, requests, demands, and other

communications required or permitted under this Agreement shall be in writing

and shall be deemed to have been duly given and made upon being delivered

either by courier or telecopier delivery to the Party for whom it is intended,

provided that if delivered by telecopier, a copy thereof is deposited, postage

prepaid, certified or registered mail, return receipt requested, bearing the

address shown in this Agreement for, or such other address as may be designated

in writing hereafter by, such Party:

 

8.2           Entire Agreement.  This Agreement embodies the entire

understanding of the parties hereto with respect to the subject matter hereof,

and supersede all prior and contemporaneous agreements and understandings

relative to such subject matter.

 

8.3           Assignment; Binding Agreement.  This Agreement and various rights and

obligations arising hereunder shall inure to the benefit of and be binding upon

Buyer, its successors, and permitted assigns and Seller, its successors and

permitted assigns.  Neither this

Agreement nor any of the rights, interests, or obligations hereunder may be

transferred, delegated, or assigned (by operation of law or otherwise) by

either of the Parties hereto without the prior written consent of the other

Party.

 

8.4           Counterparts.  This Agreement may be executed

simultaneously in multiple counterparts, each of which shall be deemed an

original, but all of which taken together shall constitute one and the same

instrument.

 

8.5           Headings; Interpretation.  The article and section headings contained

in this Agreement are inserted for convenience only and shall not affect in any

way the meaning or interpretation of the Agreement.

 

8.6           Expenses.  Seller and Buyer shall each pay all costs

and expenses incurred by either of them in connection with the negotiation,

preparation and execution of this Agreement and the consummation of the

transactions contemplated hereby, including, without limitation, fees and

expenses of attorneys, investment bankers and accountants.

 

8.7           Governing Law.  This Agreement shall in all respects be

construed in accordance with and governed by the substantive laws of the State

of California, without reference to its conflict of law rules.

 

IN WITNESS

WHEREOF, each of the Parties hereto has caused this Agreement to be executed as

of the date first above written.

 

	

  BUYER:

  	

   

  	

  SELLER:

  
	

   

  	

   

  	

   

  
	

  HOFMANN & CO.

  	

   

  	

  NETWORK COMPUTING

  DEVICES, INC

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

  By:

  	

   

  	

   

  	

  By:

  	

   

  
	

   

  	

  Name: 

  Gottfried Hofmann

  	

   

  	

   

  	

  Name:

  
	

   

  	

  Title: 

  Partner

  	

   

  	

   

  	

  Title

  

 

EXHIBIT

A

 

NETWORK COMPUTING DEVICES, INC.

 

AMENDED

CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS

OF THE TERMS OF THE SERIES B AND SERIES C PREFERRED

STOCK

 

(Pursuant

to Section 151 of the General Corporation Law of the State of Delaware)

 

The undersigned President and Chief Executive Officer

of Network Computing Devices, Inc., organized and existing under the General

Corporation Law of the State of Delaware, in accordance with the provisions of

Section 103 thereof, DOES HEREBY CERTIFY:

 

That, on August 29, 2001, the Board of Directors of

the Corporation adopted the following resolution changing the designations,

preferences and rights of the terms of the Series B Preferred Stock and

creating a series of 530,000 shares of Preferred Stock designated as

Series C Preferred Stock:

 

RESOLVED, that the

designations, preferences and rights of the Series B Preferred Stock of the

Corporation are hereby amended, and a new series of Preferred stock of the

Corporation, designated Series C Preferred Stock, is hereby created, and that

the designation and amount thereof and the powers, preferences and relative,

participating, optional and other special rights of the shares of such series,

and the qualifications, limitations or restrictions thereof are as follows:

 

Section 1:               DESIGNATION AND AMOUNT.

 

The shares of such series shall be designated as

“Series B Preferred Stock” (the “Series B Preferred Stock”), par value $.001

per share, and “Series C Preferred Stock” (the “Series C Preferred Stock”), par

value $.001 per share.  The number of

shares initially constituting the Series B Preferred Stock and the Series C

Preferred Stock shall be 290,000 shares and 530,000 shares, respectively.  The Series B Preferred Stock and Series C

Preferred Stock are sometimes referred to together as the “Series Preferred

Stock.”

 

Section 2:               DIVIDENDS AND DISTRIBUTIONS.

 

(a)           Dividends. The holders of the

Series B Preferred Stock (the “Series B Holders”) and the holders of the Series

C Preferred Stock (the “Series C Holders” or, collectively with the Series B

Holders, the “Series Holders”) shall be entitled to receive when, as and if

declared by the Board of Directors, out of any assets legally available

therefor, dividends not less than, and in preference and priority to any

payment of, any dividend or distribution on the Common Stock or any other class

or series of stock of the Corporation ranking junior to the Series Preferred

Stock and pro rata with payment of any dividend on any class or series

of stock of the Corporation ranking on a parity with the Series Preferred Stock

as to dividends.  Such dividends on the

Series B Preferred Stock and the Series C Preferred Stock shall accrue at the

rate of $.41 per share and $.23 per share, respectively, per annum from the

date of issuance to the date of payment, based on the actual number of days

elapsed, and shall be payable on the payment date fixed by the declaration or,

if no payment date is fixed, shall accrue semi-annually on May 31st,

and November 30th of each year, and upon any Liquidation (as

hereinafter defined). In the event dividends in less than the full preferential

amount shall be paid to the holders of the Series Preferred Stock, such

dividends shall be distributed ratably among such holders in proportion to the

full preferential amont that each such holder is otherwise entitled to receive

under this Section 2(a).

 

(b)           Distributions. As used in this

Section 2, the term “distribution” shall mean a transfer of cash, property or

securities without consideration, whether by way of dividend or otherwise, or

the purchase or redemption of shares of the Corporation.

 

(c)           Necessary Actions. The

Corporation shall take any and all corporate action necessary to declare and

pay the dividends required.

 

Section 3:               LIQUIDATION.

 

(a)           Liquidation Defined.

“Liquidation” means any voluntary or involuntary liquidation, dissolution or

winding up of the affairs of the Corporation, other than any dissolution,

liquidation or winding up in connection with any reincorporation of the

Corporation in another jurisdiction.  A

Corporate Transaction (as hereinafter defined) shall be deemed to be a

Liquidation.  As used herein, “Corporate

Transaction” shall mean (i) any consolidation or merger of the Corporation with

or into any other corporation or other entity or person, or any other corporate

reorganization, in which the stockholders of the Corporation immediately prior

to such consolidation, merger or reorganization own less than fifty percent

(50%) of the Corporation’s voting power immediately after such consolidation,

merger or reorganization, or (ii) a sale, lease, transfer or other disposition

of all or substantially all of the assets of the Corporation.

 

(b)           Rights. Upon a Liquidation, as

hereinabove defined, after payment or provision for payment of the debts and

other liabilities of the Corporation, and prior to any distribution to the

holders of Series A Participating Preferred Stock or Common Stock of the

Corporation, the Series Holders shall be entitled to receive, out of the

remaining assets of the Corporation available for distribution to its

stockholders, an amount equal to $7.00 per share plus accrued and unpaid

dividends, if any, with respect to each share of Series B Preferred Stock (the

“Series B Liquidation Preference”) and an amount equal to $3.80 per share

plus accrued and unpaid dividends, if any, with respect to each share of Series

C Preferred Stock (the “Series C Liquidation Preference”).  Following the payment of the full amount of

the Series B Liquidation Preference and the Series C Liquidation

Preference and any preference that is payable to the holders of any other

series of Preferred Stock, the holders of Series Preferred Stock and

Common Stock and, to the extent provided for in the Certificate of

Incorporation, such other series of Preferred Stock, shall receive their

ratable and proportionate share, on a per share and as-converted to Common

Stock basis, of the remaining assets to be distributed with respect to such

Series Preferred Stock, such other series of Preferred Stock and Common Stock,

respectively.  If upon any Liquidation

the assets of the Corporation available for distribution to its stockholders

shall be insufficient to pay to the Series Holders and the holders of any

other class of capital stock ranking on a parity with the Series Preferred

Stock (“Parity Holders”) the full Series B Liquidation Preference, Series

C Liquidation Preference and liquidation preference payable to such Parity Holders

(“Parity Preference”), respectively, the Series B Holders, Series C

Holders and Parity Holders shall share pro rata in any distribution of assets

in accordance with such full Series B Liquidation Preference, Series C

Liquidation Preference and Parity Preference amounts, respectively.

 

Section 4:               VOTING RIGHTS.

 

In addition to

other rights provided herein or by law, the Series Holders shall be entitled to

vote on all matters submitted to the stockholders of the Corporation for vote

or consent and, except when a single class vote is required, will vote with the

holders of Common Stock as one class. 

Each Series Holder shall be entitled to one vote per share of Common

Stock issuable upon conversion of the shares of Series Preferred Stock then

held by such holder.

 

Section 5:               CONVERSION.

 

(a)           Rate.  The Series B Preferred Stock and the Series

C Preferred Stock shall be convertible, at the option of the holder thereof at

a rate of ten (10) shares of Common Stock for each share of Series B Preferred

Stock or Series C Preferred Stock, subject to appropriate adjustment in the

event of any stock split, stock dividend or reverse stock split affecting the

Common Stock where the Series B Preferred Stock or Series C Preferred Stock is

not treated in an equivalent manner. 

Notwithstanding the foregoing, the Series C Preferred Stock shall not be

convertible unless and until the Certificate of Incorporation of the

Corporation is amended to increase the number of authorized shares of Common

Stock by not less than 5,300,000, provided that, while this restriction remains

in effect, the Series C Holders shall have the same rights upon a Liquidation

under Section 3 and the same voting rights under Section 4 as they would have

absent this restriction.

 

(b)           Mechanics of Conversion.  Upon delivery to the Company of the

certificate or certificates for the shares of Series Preferred Stock to be

converted, duly endorsed or assigned in blank to the Company (if required by

it), the Company shall issue and deliver to or upon the written order of a

Series Holder, to the place designated by such holder, a certificate or

certificates for the number of full shares of Common Stock to which such holder

is entitled.

 

Section 6:               REDEMPTION.

 

The Series B

Preferred Stock and the Series C Preferred Stock may not be redeemed by the

Corporation without the consent of the holders of all of the Series B Preferred

Stock or Series C Preferred Stock, respectively, then outstanding.

 

Section 7:               NO REISSUANCE.

 

No shares of

Series Preferred Stock acquired by the Company by reason of exchange,

conversion or otherwise shall be reissued and all such shares shall be

canceled, retired and eliminated from the shares of Series Preferred Stock

which the Company shall be authorized to issue.

 

Section 8:               PROTECTIVE PROVISIONS.

 

(a)           Required Consents. In addition

to any other vote or consent required herein or by law, the affirmative vote or

written consent of the Series B Holders owning a majority of the outstanding

Series B Preferred Stock, and the Series C Holders owning a majority of the

outstanding Series C Preferred Stock, each voting as a separate class, shall be

necessary for effecting or validating the following actions:

 

(i)            Any amendment, alteration, repeal,

or waiver of any provision of the Certificate of Incorporation of the Company

(including the filing of any Certificate of Designations), as in effect from

time to time (the “Certificate of Incorporation”), or the Bylaws of the

Company, that affects adversely the voting powers, preferences, priorities or

other special rights or privileges, qualifications, limitations, or

restrictions of such series of Preferred Stock;

 

(ii)           Any redemption or repurchase of

capital stock of the Company (except for acquisitions of Common Stock by the

Company under stock option or restricted stock agreements with employees

approved by the Board of Directors);

 

(iii)          Any material disbursement of funds

outside of the ordinary course of the Company’s business;

 

(iv)          Any consolidation or merger of the

Company with or into any other Company or other entity or person, or the

entering into any other corporate reorganization;

 

(v)           Any termination of the Company’s line

of business as of the date of the first issuance of Series B Preferred Stock or

substitution of an unrelated line of business as its principal focus of the

Company’s activities;

 

(vi)          Any voluntary dissolution, liquidation

winding-up or partial liquidation of the Company, or any distribution or

transaction in the nature of a partial liquidation or distribution, or any sale

or other transfer of all or substantially all of the assets of the Company

(including shares, or all or substantially all of the assets, of any subsidiary

of the Company); or

 

(vii)         Any increase or decrease in the

authorized number of shares of any series or class of the Company’s capital

stock.

 

(b)           Financial Reports. The Company

will furnish to the Series Holders, as soon as practicable, and in any case

within 75 days after the end of each fiscal quarter, unaudited quarterly

financial statements, and within 90 days after the end of each fiscal year,

annual audited financial statements (all prepared in accordance with generally

accepted accounting principles consistently applied).

 

Section 9:               NO IMPAIRMENT

 

The Company will

not, by amendment of its Certificate of Incorporation or through any

reorganization, transfer of assets, consolidation, merger, dissolution, issue

or sale of securities or any other voluntary action, avoid or seek to avoid the

observance or performance of any of the terms of the Series Preferred Stock set

forth herein, and will at all times in good faith assist in the carrying out of

all such terms and in the taking of all such action as may be necessary or

appropriate in order to protect the rights of the Series Holders against

impairment. Without limiting the generality of the foregoing, the Company will

take all such action as may be necessary or appropriate in order that the

Company may reserve for issuance, and validly and legally issue fully paid and

non-assessable Company shares on the conversion of all Series Preferred Stock

from time to time outstanding.

 

Section 10:             NOTICES.

 

All notices,

requests and other communications shall be in writing addressed to the Company

at its principal office or to the Series Holders at their addresses appearing

on the stock ownership records of the Company and delivered by a nationally

recognized overnight mail carrier, certified 

mail return receipt requested or facsimile.  Any notice sent by nationally-recognized overnight mail carrier

shall be deemed to be delivered on the expected date of delivery.  Any notice sent by certified mail, return

receipt requested, shall be deemed to be delivered 3 days after mailing.  Any notice sent by facsimile shall be deemed

delivered upon the receipt by sender of written confirmation of transmission.

 

3.             That the foregoing amendment has been duly adopted in

accordance with Section 242 of the General Corporation Law of the State of

Delaware.

 

[Remainder of page

intentionally left blank.]

 

IN WITNESS WHEREOF, I have executed and subscribed

this Certificate and do affirm the foregoing as true under the penalties of

perjury this 29th day of August, 2001.

 

	

   

  	

   

  
	

   

  	

  Rudolph G. Morin, President and Chief

  
	

   

  	

  Executive OfficerPrepared by MERRILL CORPORATION

AMENDMENT NUMBER SIX TO

LOAN AND SECURITY AGREEMENT

THIS AMENDMENT NUMBER SIX TO LOAN AND SECURITY AGREEMENT (this “Amendment”), is entered into as

of September __, 2001, between FOOTHILL CAPITAL CORPORATION, a California

corporation, (“Foothill”), and NETWORK COMPUTING DEVICES, INC., a Delaware

corporation (“Borrower”), with reference to the following facts:

WHEREAS, Foothill and Borrower are parties to

that certain Loan and Security Agreement, dated as of March 30, 2000 (as

amended, restated, or modified from time to time, the “Agreement”);

 

WHEREAS, Borrower has requested that Foothill

make certain changes to the Agreement; and

 

WHEREAS, Foothill is willing to consent to these

certain changes and take other actions with respect to the Agreement, all on the

terms and conditions set forth herein.

 

NOW,

THEREFORE, in

consideration of the above recitals and the mutual promises contained herein,

Foothill and Borrower hereby agree as follows:

 

1.             Defined

Terms All capitalized terms used herein and not otherwise defined herein

shall have the meanings ascribed to them in the Agreement, as amended hereby.

 

2.             Amendments to

the Agreement

 

a.             Section 1.1

of the Agreement hereby is amended by adding or amending and restating, as

applicable, the following defined terms in the proper alphabetical order:

 

“Sixth Amendment” means that certain Amendment Number Six to

Loan and Security Agreement, dated as of September ___, 2001, between Borrower

and Foothill.

 

“Sixth Amendment Closing Date” means the date that all

conditions set forth in Section 5 of the Sixth Amendment have been satisfied.

 

“Sixth Amendment Fee” has the meaning ascribed thereto in

Section 4 of the Sixth Amendment.

 

“Maximum Amount” means $3,000,000.

 

b.             Section 2.1

is hereby amended by deleting the text of subsection (z)(i)(A) appearing within

the definition of Borrowing Base and inserting the following in place thereof:

 

“the lesser of 75% of Eligible Foreign Accounts (provided, that

(1) beginning on September 17, 2001, the figure 75% shall be decreased by 0.5%

on each business day and (2) beginning on October 1, 2001, such figure shall be

decreased by 1.0% on each business day until such time as the Obligations have

been paid in full in accordance with the terms of this Agreement), plus”;

 

c.             Section 2.1

is hereby amended by deleting the text of subsection (z)(i)(B)(1) appearing

within the definition of Borrowing Base and inserting the following in place

thereof:

 

“(1) 75% of Eligible Extended Term Foreign Accounts (provided,

that (1) beginning on September 17, 2001, the figure 75% shall be decreased by

0.5% on each business day and (2) beginning on October 1, 2001, such figure

shall be decreased by 1.0% on each business day until such time as the

Obligations have been paid in full in accordance with the terms of this

Agreement),”;

 

d.             Section 3.4

of the Agreement is hereby amended by deleting the first sentence thereof and

inserting the following in place thereof:

 

“This Agreement shall become effective upon the execution and delivery

hereof by Borrower and Foothill and shall continue in full force and effect for

a term ending on October 15, 2001 (the “Maturity Date”).”

 

3.             Representations

and Warranties.  Borrower hereby

represents and warrants to Foothill that:

 

(a)           the

execution, delivery, and performance of this Amendment and of the Agreement, as

amended by this Amendment, are within its corporate powers, have been duly

authorized by all necessary corporate action, and are not in contravention of

any law, rule, or regulation, or any order, judgment, decree, writ, injunction,

or award of any arbitrator, court, or governmental authority, or of the terms

of its charter or bylaws, or of any contract or undertaking to which it is a

party or by which any of its properties may be bound or affected,

 

(b)           this

Amendment and the Agreement, as amended by this Amendment, constitute

Borrower’s legal, valid, and binding obligation, enforceable against Borrower

in accordance with its terms, and

 

(c)           this

Amendment has been duly executed and delivered by Borrower.

 

4.             Conditions

Precedent to Amendment.  The

satisfaction of each of the following shall constitute conditions precedent to

the effectiveness of this Amendment:

 

(a)           Foothill

shall have received an amendment fee (the “Sixth Amendment Fee”) in an

amount equal to $10,000.

 

(b)           Foothill

shall have received the reaffirmation and consent attached hereto as Exhibit A,

duly executed and delivered by an authorized officer of each Guarantor;

 

(c)           The

representations and warranties in this Amendment, the Agreement as amended by

this Amendment and any other amendments thereto, and the other Loan Documents

shall be true and correct in all respects on and as of the date hereof, as

though made on such date (except to the extent that such representations and

warranties relate solely to an earlier date);

 

(d)           No

Event of Default or event which with the giving of notice or passage of time

would constitute an Event of Default shall have occurred and be continuing on

the date hereof, nor shall result from the consummation of the transactions

contemplated herein;

 

(e)           No

injunction, writ, restraining order, or other order of any nature prohibiting,

directly or indirectly, the consummation of the transactions contemplated

herein shall have been issued and remain in force by any governmental authority

against Borrower or Foothill; and

 

(f)            All

other documents and legal matters in connection with the transactions

contemplated by this Amendment shall have been delivered or executed or

recorded and shall be in form and substance satisfactory to Foothill and its

counsel.

 

5.             Miscellaneous.

 

(a)           Upon

the effectiveness of this Amendment, each reference in the Agreement to “this

Agreement”, “hereunder”, “herein”, “hereof” or words of like import referring

to the Agreement shall mean and refer to the Agreement as amended by this

Amendment.

 

(b)           Upon

the effectiveness of this Amendment, each reference in the Loan Documents to

the “Loan Agreement”, “thereunder”, “therein”, “thereof” or words of like

import referring to the Agreement shall mean and refer to the Agreement as

amended by this Amendment.

 

(c)           This

Amendment shall be governed by and construed in accordance with the laws of the

State of California.

 

(d)           This

Amendment may be executed in any number of counterparts and by different

parties on separate counterparts, each of which, when executed and delivered,

shall be deemed to be an original, and all of which, when taken together, shall

constitute but one and the same Amendment. 

Delivery of an executed counterpart of this Amendment by telefacsimile

shall be equally as effective as delivery of a manually executed counterpart of

this Amendment.  Any party delivering an

executed counterpart of this Amendment by telefacsimile also shall deliver a

manually executed counterpart of this Amendment but the failure to deliver a

manually executed counterpart shall not affect the validity, enforceability,

and binding effect of this Amendment.

 

[Remainder of page left intentionally blank]

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be

duly executed as of the date first written above.

 

	

   

  	

  NETWORK COMPUTING DEVICES, INC.,

  
	

   

  	

  a Delaware

  corporation

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  FOOTHILL CAPITAL

  CORPORATION,

  
	

   

  	

  a California

  corporation

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  

 

Exhibit A

 

REAFFIRMATION AND CONSENT

All capitalized

terms used herein but not otherwise defined herein shall have the meanings

ascribed to them in that certain Amendment Number Six to Loan and Security

Agreement, dated as of September __, 2001 (the “Amendment”).  The undersigned hereby (a) represents and

warrants to Foothill that the execution, delivery, and performance of this

Reaffirmation and Consent are within its corporate powers, have been duly

authorized by all necessary corporate action, and are not in contravention of

any law, rule, or regulation, or any order, judgment, decree, writ, injunction,

or award of any arbitrator, court, or governmental authority, or of the terms

of its charter or bylaws, or of any contract or undertaking to which it is a

party or by which any of its properties may be bound or affected; (b) consents

to the amendment of the Agreement by the Amendment and to the transactions

described therein; (c) acknowledges and reaffirms its obligations owing to

Foothill under the Guaranty and any other Loan Documents to which it is a

party; and (d) agrees that each of the Guaranty and any other Loan Documents to

which it is a party is and shall remain in full force and effect.  Although the undersigned has been informed

of the matters set forth herein and has acknowledged and agreed to same, it

understands that Foothill has no obligations to inform it of such matters in

the future or to seek its acknowledgement or agreement to future amendments,

and nothing herein shall create such a duty. 

Delivery of an executed counterpart of this Reaffirmation and Consent by

telefacsimile shall be equally as effective as delivery of an original executed

counterpart of this Reaffirmation and Consent. 

Any party delivering an executed counterpart of this Reaffirmation and

Consent by telefacsimile also shall deliver an original executed counterpart of

this Reaffirmation and Consent but the failure to deliver an original executed

counterpart shall not affect the validity, enforceability, and binding effect

of this Reaffirmation and Consent.  This

Reaffirmation and Consent shall be governed by the laws of the State of

California.

 

	

   

  	

  AUSTRALIA, NETWORK COMPUTING

  DEVICES (BENELUX) B.V., a company organized under the laws of The Netherlands

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NETWORK COMPUTING DEVICES (CANADA),

  INC., a

  corporation organized under the laws of Canada

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  

 

 

	

   

  	

  NETWORK COMPUTING DEVICES (FRANCE)

  S.A.R.L., a

  company organized under the laws of France

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NETWORK COMPUTING DEVICES, GMBH, a company organized under the laws of

  Germany

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NCD GRAPHIC SOFTWARE CORPORATION, an Oregon corporation

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NETWORK COMPUTING DEVICES (FSC),

  INC., a Guam corporation

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NCD ACQUISITION CORP., an Indiana corporation

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  

 

 

	

   

  	

  NETWORK COMPUTING DEVICES (UK),

  LTD., a company

  organized under the laws of England

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

   

  	

  NETWORK COMPUTING DEVICES

  SCANDINAVIA AB,

  a company organized under the laws of Sweden

  
	

   

  	

   

  
	

   

  	

  By:

  	

   

  
	

   

  	

  Name:

  	

   

  
	

   

  	

  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]