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Exhibit 10.8    
    

 
 

ESCROW AGREEMENT    
    

        THIS ESCROW AGREEMENT ("Agreement") is made and entered into as
of                        , 2003, by and between NETWORK PRINTING SOLUTIONS, INC., a Delaware
corporation (the "Issuer"), and HARBOR NATIONAL BANK, a national banking association (the "Escrow Agent"), collectively referred to herein as the "parties". 

 
 

RECITALS:    
    

        A.    The
Issuer has prepared a Prospectus dated                        , 2003 (the "Prospectus"), a copy of which has been provided to the
Escrow Agent. 

        B.    The
Issuer proposes to offer for sale to investors, up to 400,000 shares of its $0.001 par value common stock (the "Shares"), at an offering price of $5.00 per Share,
resulting in a maximum offering of $2,000,000 (the "Maximum"). The minimum offering will be 200,000 Shares for $1,000,000 (the "Minimum"). 

        C.    The
Issuer intends to sell the Shares on a best-efforts basis in a registered public offering (the "Offering"). The Offering has been registered on a Form
SB-2 Registration
Statement under the Securities Act of 1933, as amended, which was declared effective by the Securities and Exchange Commission
on                        , 2003. 

        D.    Individuals
will be required to purchase a minimum of 500 Shares for $2,500, although the Issuer may, in its sole discretion, accept subscriptions for lesser amounts. 

        E.    The
Issuer proposes to establish an escrow account with the Escrow Agent for the Offering, and the Escrow Agent is willing to establish and maintain such escrow account
on the terms and subject to the conditions set forth herein. 

        NOW,
THEREFORE, for valuable consideration, the receipt and sufficiency of which is hereby acknowledged, including the mutual covenants herein contained, the parties hereto agree as
follows 

        1.    Establishment of the Escrow Account.    

        1.1   The
parties hereto shall establish a non-interest-bearing, bank escrow account at the office of the Escrow Agent located at 895 Dove Street, Suite 100,
Newport Beach, California (the "Escrow Account"). The name of the Escrow Account shall be "Harbor National Bank as Escrow Agent for Network Printing Solutions, Inc.," The Issuer will instruct
subscribers to make checks for subscriptions payable to the order of "Harbor National Bank as Escrow Agent for Network Printing Solutions, Inc." or to the order of the Escrow Agent or the
Issuer, with reference to the account number of the Escrow Account. Any checks received that are made payable to a party other than the Escrow Agent or the Issuer, shall be returned to the subscriber
who submitted the check. 

        2.    Escrow Period.    

        The
Escrow Period shall begin as of the date of this Agreement and shall terminate upon the earlier to occur of the following dates (the "Termination Date"): 

        (a)   September 30,
2003, subject to extension to a date on or before December 31, 2003, as described in the Prospectus; or

        (b)   the
date upon which the Escrow Agent receives cleared funds for the Maximum; or 

        (c)   the
date upon which the Escrow Agent receives written notice from the Issuer that the Offering has been terminated. The Issuer shall be entitled to terminate the
Offering and the 

1

 

Escrow,
either prior to or after the Escrow Agent's receipt of the Minimum, by giving written instructions to the Escrow Agent to terminate the Escrow. If such termination instructions are received by
the Escrow Agent prior to the Escrow Agent's receipt of the Minimum, then the Escrow Agent shall disburse the Escrow Amount, as defined in Section 3.1 hereof, pursuant to the provisions of
Section 4.1 hereof. If such termination instructions are received by the Escrow Agent after the Escrow Agent's receipt of the Minimum, then the Escrow Agent shall disburse the Escrow Amount
pursuant to the provisions of Sections 4.2 and 4.3 hereof. 

        During
the Escrow Period, the Issuer is aware and understands that it is not entitled to any funds received into escrow and no amounts deposited in the Escrow Account shall become the
property of the Issuer or any other entity, or be subject to the debts of the Issuer or any other entity. 

        3.    Deposits into the Escrow Account.    

        3.1   The
Issuer agrees that it shall deliver all monies received from subscribers by noon on the second business day following the Issuer's receipt of such monies, for the
payment of the Shares to the Escrow Agent for deposit in the Escrow Account. All monies deposited in the Escrow Account are referred to as the "Escrow Amount." 

        3.2   All
amounts received from subscribers of the Shares shall be in full payment for the Shares purchased and shall be in U.S. dollars in the form of checks, wire transfers,
draft or money orders made payable as described in Section 1.1 herein. Any check, wire transfer, draft or money order made payable other than as set forth in Section 1.1 shall be
returned to the subscriber by mail the next business day following receipt of such instrument or wire by the Escrow Agent, and such instrument shall be deemed not to have been delivered to the Escrow
Agent pursuant to the terms of this Agreement. 

        3.3   Simultaneously
with each deposit into the Escrow Account, the Issuer shall deliver to the Escrow Agent two (2) copies of the Subscription Agreement, informing the
Escrow Agent in writing of the name and address of the subscriber, the number of Shares subscribed by such subscriber, and the aggregate dollar amount of such subscription. 

        3.4   The
Escrow Agent shall not be required to accept for deposit into the Escrow Account checks which (a) do not represent payment in full of the Shares purchased,
and/or (b) are not accompanied by the delivery of two (2) copies of the Subscription Agreement. Cash or wire transfers representing payments by prospective purchasers shall not be deemed
deposited in the Escrow Account until the Escrow Agent has received in writing, two (2) copies of the Subscription Agreement required with respect to such payments. Until Escrow Agent receives
two (2) copies of the Subscription Agreement required with respect to any cash or wire transfers received by Escrow Agent, such funds shall be held by Escrow Agent in a non-interest
bearing suspense account until the two (2) copies of the Subscription Agreement have been received, at which time the funds shall be deposited in the Escrow Account. 

        3.5   In
the event any wire received by Escrow Agent is subject to any Office of Foreign Assets Control ("OFAC") restriction, such funds shall not be deemed to have been
accepted for deposit into the Escrow Account, but instead shall be subject to such action as may be required by Escrow Agent to fully comply with all applicable OFAC instructions, rules and
regulations. 

        3.6   The
Escrow Agent shall not be required to accept any amounts representing payments by subscribers, whether by check, wire transfer, draft or money order, except during
the Escrow Agent's regular banking hours. 

        3.7   Upon
confirmation by the Escrow Agent that it has received the Minimum in collected funds, the Escrow Agent shall promptly give notice to the Issuer that the Minimum has
been received. 

        3.8   In
the event that the Escrow Agent has made a disbursement of the Escrow Amount pursuant to Section 4.2 below and the Escrow Period has not terminated pursuant to
Section 2 above, upon 

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confirmation
by the Escrow Agent that it has received the Maximum in collected funds, taking into account the amounts disbursed pursuant to Section 4.2 below, the Escrow Agent shall promptly
give notice to the Issuer that the Maximum has been received. 

        9    Disbursements from the Escrow Account.    

        4.1   In
the event that at the close of regular banking hours on the Termination Date of the Escrow Period the Escrow Amount shall be less than the Minimum, as indicated by
the Subscription Agreements submitted to the Escrow Agent, then the Escrow Agent shall promptly (a) notify each subscriber that the offering contemplated hereby did not close and refund to each
subscriber the amount of payment received from such subscriber, without interest thereon, and (b) notify the Issuer of its distribution of the Escrow Amount to the subscribers (less amounts due
to the Escrow Agent under this Agreement). The funds returned to each subscriber shall be free and clear of any and all claims of the Issuer or any of its creditors. 

        4.2   If,
at any time prior to or as of the Termination Date, the Escrow Amount is equal to or greater than the Minimum, but less than the Maximum, then the Escrow Agent shall
release, upon receipt of written instructions from the Issuer, signed by two officers of the Issuer, and deliver to the Issuer, the Escrow Amount, less any amount due to the Escrow Agent under this
Agreement; provided, however, that in no event shall the Escrow Amount be released to the Issuer or any other person until such amount is received by the Escrow Agent in collected funds. For purposes
of this Agreement, the term "collected funds" shall mean all funds received by the Escrow Agent which have cleared normal banking channels and are in the form of cash. In the event the Minimum is
achieved and the Escrow Amount, less the deductions noted above, is released to the Issuer before the Termination Date, then the Escrow shall continue until the Termination Date and any additional
funds deposited in the Escrow Account shall be released to the Issuer from time to time until the Termination Date upon receipt by the Escrow Agent of written instructions to do so from the Issuer,
executed by Issuer as provided above. 

        4.3   In
the event that the Escrow Agent has made a disbursement of the Escrow Amount pursuant to Section 4.2 above and (a) the Escrow Agent does receive the
Maximum or (b) the Escrow Period terminates pursuant to Section 2 above, then the Escrow Agent shall release, upon receipt of written instructions signed by two officers of the Issuer,
and deliver to the Issuer, the Escrow Amount, less any amount due to the Escrow Agent under this Agreement; provided, however, that in no event shall the Escrow Amount be released to the Issuer or any
other person until such amount is received by the Escrow Agent in collected funds, as defined in Section 4.2 above. 

        4.4   With
respect to subscriptions not accepted, in whole or in part, by the Issuer, by reason of the Offering becoming fully subscribed prior to the Escrow Agent's receipt
of such subscription, or because such subscription is received after the Termination Date, or for any other reason, the Escrow Agent shall follow the written (which may be sent by mail or facsimile)
instructions of the Issuer with respect to refunding to each subscriber the payments made, pursuant to Section 5.3 below. 

        9.2   Upon
disbursement of the Escrow Amount pursuant to the terms of this Section 4, the Escrow Agent shall be relieved of all further obligations and released from
all liability under this Agreement. It is expressly agreed and understood that in no event shall the aggregate amount of payments made by the Escrow Agent exceed the Escrow Amount. It is further
expressly agreed and understood that Escrow Agent shall have no responsibility for determining the completeness or accuracy of any of the Subscription Agreements. 

        5.    Collection Procedure.    

        5.1   The
Escrow Agent is hereby authorized to forward each check for collection and, upon collection of the proceeds of each check, deposit the collected proceeds in the
Escrow Account. As an 

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alternative,
the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid. 

        5.2   Any
check returned unpaid to the Escrow Agent shall be returned to the subscriber who submitted the check. In such cases, the Escrow Agent will promptly notify the
Issuer of such return. 

        5.3   If
the Issuer rejects any subscription, in whole or in part, for which the Escrow Agent has already collected funds, the Escrow Agent shall promptly issue a refund check
to the rejected subscriber. If the Issuer rejects any subscription for which the Escrow Agent has not yet collected funds but has submitted the subscriber's check for collection, the Escrow Agent
shall promptly issue a check in the amount of the subscriber's check to the rejected subscriber after the Escrow Agent has cleared such funds. If the Escrow Agent has not yet submitted a rejected
subscriber's check for collection, the Escrow Agent shall promptly remit the subscriber's check directly to the subscriber. 

        6.    Investment of Escrow Amount.    During the entire term of the Escrow Period, the full Escrow Amount shall be
held by the Escrow Agent in a non-interest-bearing bank account as described in Section 1.1 hereof at Escrow Agent's office located at 895 Dove Street, Suite 100, Newport Beach,
California 92660. 

        7.    Rights, Duties and Responsibilities of Escrow Agent.    It is understood and agreed that the duties of the
Escrow Agent are purely administrative in nature, and that: 

        7.1   The
Escrow Agent shall not be responsible for the performance by the Issuer of its obligations under this Agreement or under the Prospectus. 

        7.2   The
Escrow Agent shall not be required to accept any Subscription Agreement pertaining to a subscriber unless such Subscription Agreement is accompanied by or preceded
by a check, wire transfer, draft or money order made payable either to the Issuer (and endorsed to the order of the Escrow Agent), or to the Escrow Agent, nor shall the Escrow Agent be required to
keep records of any information with respect to payments deposited by any subscriber, except as to the amount and dates of such payments; however, the Escrow Agent shall notify any subscriber, within
a reasonable time, of a discrepancy between the amount set forth in any Subscription Agreement and the payment delivered to the Escrow Agent therewith. Such payment need not be accepted for deposit in
the Escrow Account until such discrepancy has been resolved. 

        7.3   The
Escrow Agent shall be under no duty or responsibility to enforce collection of any check delivered to it hereunder. The Escrow Agent, within a reasonable time, shall
return to the subscriber any check received which is dishonored, together with the Subscription Agreement, if any, which accompanied such check. In the event that any check received by Escrow Agent
hereunder is returned unpaid by the drawee bank, and notwithstanding any other provision contained herein, the Escrow Agent may deduct from the funds held hereunder the amount of said check and shall
notify Issuer of such occurrence. 

        7.4   The
Escrow Agent shall be entitled to rely upon the accuracy, act in reliance upon the contents, and assume the genuineness of, any notice, instruction, certificate,
signature, instrument or other document which is given to the Escrow Agent pursuant to this Agreement without the necessity of the Escrow Agent verifying the truth or accuracy thereof. The Escrow
Agent shall not be obligated to make any inquiry as to the authority, capacity, existence or identify of any person purporting to give any such notice or instructions or to execute any such
certificate, instrument or other document. 

        7.5   The
Escrow Agent shall not be liable for any action taken or omitted hereunder, or for the misconduct of any employee, agent or attorney appointed by it, except in the
case of Escrow Agent's willful misconduct or gross negligence. 

        7.6   Within
two (2) business days after receiving two (2) copies of a Subscription Agreement (accompanied by payment for the Shares subscribed for), the Escrow
Agent shall send to the Issuer by 

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mail
or facsimile (with original to be mailed by first class mail on the same date) one (1) complete copy of the Subscription Agreement. 

        8.    Amendment, Resignation, Interpleader.    

        8.1   This
Agreement may be altered or amended only with the written consent of the Issuer and the Escrow Agent. The Escrow Agent may resign for any reason upon thirty
(30) days' written notice to the Issuer. Should the Escrow Agent resign as herein provided, after the effective date of such resignation it shall not be required to accept any deposit, make any
disbursement or otherwise dispose of the Escrow Amount, but its only duty shall be to hold the Escrow Amount for a period of not more than five (5) business days following the effective date of
such resignation, at which time (a) if a successor escrow agent shall have been appointed by the Issuer and written notice thereof (including the name and address of such successor escrow
agent) shall have been given to the resigning Escrow Agent by the Issuer and such successor escrow agent, then the resigning Escrow Agent shall pay the Escrow Amount to the successor escrow agent,
less any portion thereof previously paid out in accordance with this Agreement; or (b) if the resigning Escrow Agent shall not have received written notice signed by the Issuer, and a successor
escrow agent, then the resigning Escrow Agent shall promptly refund the Escrow Amount to each subscriber, and the resigning Escrow Agent shall notify the Issuer in writing of its liquidation and
distribution of the Escrow Amount, whereupon, in either case, the Escrow Agent shall be relieved of all further obligations and released from all liability under this Agreement. Without limiting the
provisions of Section 10 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Issuer for any expenses incurred in connection with its resignation, transfer of the Escrow
Amount to a successor escrow agent or distribution of the Escrow Amount pursuant to this Section 8.1. 

        8.2   Should
the parties not designate a successor agent within 35 days of the Escrow Agent's resignation, or should any dispute arise with respect to the Escrow, the
Escrow Amount, this Agreement or the escrowed funds, Escrow Agent may deposit the Escrow Amount with a court of competent jurisdiction and interplead such dispute and the parties will hold Escrow
Agent harmless and indemnify it against all consequences and expenses which may be incurred, including Escrow Agent's reasonable attorneys fees. 

        9.    Representations and Warranties.    The Issuer hereby represents and warrants to the Escrow Agent that: 

        9.1   No
party other than the Issuer and the subscribers have, or shall have, any lien, claim or security interest in the Escrow Account or any part thereof. 

        9.2   All
of the information contained herein is, as of the date hereof, and will be at the time of disbursement of the Escrow Amount, true and correct. 

        10.    Fees and Expenses.    The Issuer shall pay the Escrow Agent a fee for its escrow services in the amount of
$2,000, payable upon execution of this Agreement. The Issuer shall pay the Escrow Agent a processing charge of $10 per subscriber, whether or not the Escrow is completed, due upon the closing or
termination of the Escrow and a fee of $10.00 per returned subscription funds check if the Escrow is not completed, payable upon Escrow Agent's written demand. The Issuer agrees to reimburse the
Escrow Agent for any reasonable expenses incurred in connection with this Agreement, including, but not limited to, reasonable counsel fees not to exceed $500. If it is necessary for the Escrow Agent
to return funds to the subscribers of the Shares, the Issuer shall pay to the Escrow Agent such funds as may be required to pay the Escrow Agent its fees, costs and expenses, including indemnification
for any damages incurred by the Escrow Agent. However, no such fee, reimbursement for costs and expenses, indemnification for any damages incurred by the Escrow Agent, or any monies whatsoever shall
be paid out of or chargeable to the funds on deposit in the Escrow Account. 

5

 

        11.    Indemnification and Contribution.    

        11.1 Notwithstanding
the provisions of paragraph 10, the Issuer agrees to indemnify the Escrow Agent and its officers, directors, employees, agents, parent and
affiliates (jointly and severally the "Indemnitees") and the Issuer agrees to hold them harmless from, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable
counsel fees, which the Indemnitees may suffer or incur by reason of any action, claim or proceeding brought or threatened against the Indemnitees arising out of or relating in any way to this
Agreement or any transaction to which this Agreement relates, unless such action, claim or proceeding is the result of the willful misconduct or gross negligence of the Indemnitees. 

        11.2 The
provisions of this Section 11 shall survive any termination of this Agreement, whether by disbursement of the Escrow Amount, resignation of the Escrow Agent
or otherwise. 

        11.3 The
Issuer will not make any reference to Harbor National Bank in connection with the Offering except with respect to its role as Escrow Agent hereunder and in no event
will the Issuer state or imply that the Escrow Agent has investigated or endorsed the Offering or the Shares in any manner whatsoever. 

        12.    Governing Law and Assignment.    This Agreement shall be construed in accordance with and governed by the laws
of the State of California. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. 

        13.    No Duty to Pay Taxes.    The Escrow Agent shall have no duty or responsibility to pay any federal, state or
local income taxes on any escrowed property or to make or file any tax returns or other governmental reports. The escrowed property shall be considered to be the property of the respective investor
for all tax purposes. 

        14.    Notices.    Any notice, request, demand and other communication which any party hereto may desire or may be
required hereunder to give shall be in writing and shall be deemed to be duly given if delivered personally or mailed by certified or registered mail (postage prepaid, return receipt requested), air
courier or facsimile transmission (with the original mailed by first class mail on the same date), addressed to such other party as follows: 

	If to Issuer:	 	Network Printing Solutions, Inc.

801 International Parkway, Fifth Floor

Lake Mary, FL 32746

ATTN: Peter E. O'Farrelly, Chairman and CEO

Fax:                        
	

If to Escrow Agent:	
 	

Harbor National Bank

895 Dove Street, Suite 100

Newport Beach, California 92660

ATTN: Deb Edson, VP and Operations Officer

Fax: (949) 852-8844
	

With a copy to:	
 	

Mr. David T. Blankenhorn

President and Chief Executive Officer

Harbor National Bank

895 Dove Street, Suite 900

Newport Beach, CA 92660

Fax: (949) 496-7859

or to such other address as any party hereto may hereafter designate to the other parties in writing. Notice shall be deemed to have been given on the date reflected in the
proof or evidence of delivery, or if none, on the date actually received. 

6

 

        15.    Severability.    If any provision of this Agreement or the application thereof to any person or circumstance
shall be determined to be invalid or unenforceable, the remaining provisions of this Agreement or the application of such provision to the person or circumstances other than those to which it is held
invalid or unenforceable shall not be affected thereby and shall be valid and enforceable to the fullest extent permitted by law. 

        16.    Certificate of Authorization of Officers.    

        16.1 The
Issuer represents and warrants that the following named officers of the Issuer are now acting and qualified to sign on behalf of the Issuer, ACTING TOGETHER WITH
BOTH SIGNATURES, all written instructions, consents, waivers, notices, documents, instruments and certificates of the Issuer, in accordance with and as provided in the bylaws of the Issuer, that the
specimen signatures appearing opposite the names and titles set forth below are the genuine signatures of such officer and that said officers hold the titles of the Issuer described below. The Escrow
Agent is further authorized to recognize these signatures until Escrow Agent receives written instructions to the contrary from Issuer. 

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	Peter E. O'Farrelly, Chairman and CEO,
	 	will sign	 	    

	Printed Name and Title	 	 	 	Signature
	

Peter J. Drysdale, Secretary,
	
 	

will sign	
 	

    

	Printed Name and Title	 	 	 	Signature

        17.    Execution in Several Counterparts.    This Agreement may be executed in several
counterparts or by separate instruments and all of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto. 

        18.    Entire Agreement.    This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings (written or oral) of the parties in connection herewith. 

        IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the day and year first above written. 

	Issuer:	 	Network Printing Solutions, Inc.

a Delaware corporation
	

 	
 	

By:	
 	

    

	 	 	 	 	Peter E. O'Farrelly

Chairman and CEO
	 	 	By:	 	    

	 	 	 	 	Peter J. Drysdale

Secretary
	

Escrow Agent: Harbor National Bank
	 	 	a national banking association
	

 	
 	

By:	
 	

    

	 	 	 	 	David T. Blankenhorn

President and Chief Executive Officer

8

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Exhibit 10.8

ESCROW AGREEMENT

RECITALSQuickLinks
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Exhibit 10.12    
    

 
 

Network Printing Solutions
Networking the World of Printing    
    

JASPrint Solutions  

Reseller Agreement & Account Application

        This
Agreement is made and entered into by and between Network Printing Solutions Ltd whose principal office and place of business is, IBEX House, 162-164 Arthur Road, Wimbledon Park,
London SW18 SAQ, England and herein after referred to as NPS and 

	Company Name:	 	IKON Office Solutions PLC
	Address:	 	Cowcross Street
	

City:	
 	
London
	Postal Code:	 	EC1M 6DQ
	County:	 	U.K.

        Hereinafter
referred to as "Buyer". NPS and Buyer agree that the terms and conditions of this Agreement shall govern the sale of certain NPS Products to Buyer. 

1.     AGREEMENT TERMS  

The
"Effective Date" of this Agreement. 

10th
May 2001 

The
Expiration date of this Agreement is: 

9th
May 2002 

        The
Term of this Agreement is the period of time between the Effective Date and Expiration Date, inclusive. At the end of the initial twelve month term, the Agreement shall continue in
full force and effect, upon the same terms and conditions provided herein, until one or the other party provides a written 30-day notice of cancellation. 

        Either
party shall have the right to terminate this Agreement prior to the Expiration Date, effective upon a 30-day written notice to the other party in the event that (a) the other
party shall become insolvent or shall be adjudicated as bankrupt, or shall petition for or consent to any relief under any bankruptcy reorganization or moratorium statute, or (b) the other party shall
neglect or fail to perform or observe any of its obligations under this Agreement. 

        The
expiration or termination of this Agreement shall not operate to terminate any Purchase Orders still outstanding after the termination of this Agreement, and the terms and conditions
of this Agreement shall apply to such Purchase Orders, if any, until payment for shipments of Product against such Purchase Orders has been made. 

2.     DEFINITIONS  

        "Products" as used in this Agreement shall mean equipment sold by Network Printing Solutions Ltd. as set forth in attached Exhibit A. The term "Unit" as used in
this Agreement shall mean one (1) of any such Product. "Purchase Orders" from Buyer, to be eligible for inclusion under this Agreement, must be accepted by Network Printing Solutions Ltd during the
Term of this Agreement, must reference this Agreement and must specify at least a partial shipment of Product from Network Printing Solutions Ltd to Buyer within 90 days of the Purchase Order date.
Network Printing Solutions 

Ltd
and Buyer agree that any terms and conditions accompanying a Purchase Order under this Agreement shall be subordinate to the terms and conditions of this Agreement. 

        The
term "On Order" shall refer to Products not yet shipped to Buyer for Which a Purchase Order has been issued to Network Printing Solutions Ltd by Buyer and accepted by Network
Printing Solutions Ltd. 

        "Confidential
Information" means proprietary information not generally known about Network Printing Solutions Ltd or Buyer, including but not limited to information relating to research,
plans manufacturing, engineering, marketing, and selling, including information furnished by other parties with whom Network Printing Solutions Ltd or Buyer has a confidential or business
relationship, or any information designated by either party as confidential or proprietary. 

        "Day"
shall mean one (1) calendar day unless specified otherwise. 

3.     PRICES  

        Buyer agrees to purchase from Network Printing Solutions Ltd, and Network Printing Solutions Ltd agrees to sell to Buyer, the Products listed in Exhibit A,
according to the quantity discount schedule in Exhibit A, during the Term of this Agreement, and any extended month-to-month terms, as described in Paragraph 1. 

3.1   PRICE INCREASES  

        Network Printing Solutions Ltd reserves the right to execute price changes of the Products by giving a thirty-day written notice to Buyer, and Buyer agrees that
it will accept subsequent price changes. Such price changes, if any, shall apply to all Purchase Orders issued under this Agreement 30 days after notification of the price change by Network Printing
Solutions Ltd. 

3.2   TAXES

        Prices
under this Agreement are exclusive of Value Added Tax "V.AT." 

4.     SHIPMENT

        Network
Printing Solutions Ltd agrees, subject to circumstances beyond its control, to ship Products thirty (30) days or earlier following receipt of a Purchase Order. Buyer agrees that
a price premium may apply on Products ordered by it specifying shipment within fifteen (15) days if such shipment schedule is met by Network Printing Solutions Ltd. Any such premium shall be agreed
upon at time of order placement. 

        Shipment
of Products under this Agreement shall be from Network Printing Solutions Ltd Factory, with destination as specified by individual Purchase Orders. Shipping charges shall be
paid by Buyer, with risk of loss passing to NPS. NPS is responsible for such risk of loss or damage during shipment, and for insurance against such shipment risks. 

9.0   EXPORTS

        Buyer
understands and agrees that export of Network Printing Solutions Ltd Products is subject to certain restrictions promulgated by laws and regulations of the United Kingdom. Buyer
agrees that it will abide by such laws and regulations and will provide Network Printing Solutions Ltd with such information as it may require from time to time in order to insure compliance with such
laws and regulations. 

10.0 NON-DISCLOSURE

        Network
Printing Solutions Ltd and Buyer acknowledge that Confidential Information may be furnished by one party to the other party from time to time in the performance of this
Agreement. 

        Network
Printing Solutions Ltd and Buyer agree that they will not disclose such Confidential Information to other persons or organizations without prior permission in writing, unless
required by law or made publicly known by a third party not subject to this Agreement. Under no circumstances shall either Network Printing Solutions Ltd or Buyer be required to utilize or disclose
Confidential Information owned by a third party in the performance of this Agreement. Furthermore, Network Printing Solutions Ltd and Buyer agree that the Confidential Information will be used only
for its intended purposes. These provisions shall survive termination of this Agreement. 

        In
the event Buyer is to resell or lease Products to third parties, permission is granted by Network Printing Solutions Ltd to reproduce or incorporate documentation normally provided by
Network Printing Solutions Ltd to its customers, as may be required for the installation, operation, and service of the Products. 

        The
normal documentation provided by Network Printing Solutions Ltd is as follows: 

	1.
	Product
Data Pack

	2.
	Demonstration
CD 

11.0 INDEMNIFICATION

        Network
Printing Solutions Ltd shall indemnify Buyer against claims of any third party for infringement of any Trademark, Patent, Copyright, or other Intellectual property right by the
Product(s). Should a suit or any such proceeding be brought against Buyer based on a claimed infringement, and Buyer gives prompt notice in writing to Network Printing Solutions Ltd, then Network
Printing Solutions Ltd shall defend (at Network Printing Solutions Ltd expense) and hold Buyer harmless from any such suit. 

        Remedy:
In case of a final court awarded injunction enjoining Buyer's or Buyer's customer's use of the Products, Network Printing Solutions Ltd shall either (a) replace the Products with
non-infringing equivalent products; (b) obtain a license for continued use of the Products by Buyer and Buyer's customers; (c) modify the Products so as to render them non-infringing; or (d) accept
return of infringing Products and refund the purchase price. 

        The
preceding shall not apply to any Product or part of a product manufactured to Buyer's design or to the use of any Product furnished hereunder in conjunction with any other product in
a combination furnished by one party to the other party as part of this Agreement. With respect to any such Product, part, or use in combination with other products, Network Printing Solutions Ltd
assumes no liability whatsoever for patent or copyright infringement and Buyer agrees to hold Network Printing Solutions Ltd harmless against any infringement claims arising therefrom. 

        The
foregoing states the entire liability of Network Printing Solutions Ltd for patent or copyright infringement by said Products or any part thereof. 

12.   NOTICE AND AMENDMENTS  

        All notices and amendments to this Agreement shall be in writing and shall be addressed to the parties as follows: 

	If to Network Printing Solutions Ltd:	 	IKON Office Solutions PLC
	

IBEX House	
 	

30 Cowcross Street
	162-164 Arthur Road	 	London EC1M 6DQ
	Wimbledon Park	 	 
	London SW19 8AQ, England	 	 
	Telephone: 0208 879 7745	 	Telephone: 020 7253 4545
	ATTN: Peter O'Farrelly	 	ATTN:            
	Contract Administrator	 	Contract Administrator

13.   GENERAL PROVISIONS  

        This Agreement supersedes and cancels all previous agreements between the parties hereto and represents the sole and complete understanding and contract between
them. 

	Network Printing Solutions Ltd	 	Ikon Office Solutions
	

Signed:	
 	

Signed:
	

By	
 	

 	
 	

By	
 	

 
	 	 	
	 	 	 	

	

Printed	
 	

Printed
	

Name	
 	

 	
 	

Name	
 	

 
	 	 	
	 	 	 	

	

Title	
 	

 	
 	

Title	
 	

 
	 	 	
	 	 	 	

	

Date	
 	

 	
 	

Date	
 	

 
	 	 	
	 	 	 	

QuickLinks

Exhibit 10.12

Network Printing Solutions Networking the World of Printing

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00054-of-00352.parquet"}]]