Document:

Exhibit
      10.1

    ESCROW
      AGREEMENT

    

    THIS
      ESCROW AGREEMENT (the “Agreement”)
      is
      made and entered into as of the 26th
      day of
      January, 2007, by and between Competitive
      Technologies, Inc.,
      a
      Delaware corporation having an address of 777 Commerce Drive, Suite 100,
      Fairfield, Connecticut (“CTT”); John
      Nano,
      of
      Stamford, Connecticut (“Nano”); and Commerce
      Bank, N.A.,
      a
      national banking association having an address of 121 South Broad Street,
      Philadelphia, PA 19107, as escrow agent (the "Escrow Agent").

    

    RECITALS

    

    A. Nano
      and
      CTT are parties to that certain civil action pending in United States District
      Court, District of Connecticut (the “Court”), under title and docket number of
Nano
      v. Competitive Technologies, Inc.,
      Case No.
      3:06-CV-00817 (CFD) (the “Litigation”).

    

    B. On
      January 24, 2007, Nano and CTT agreed, and upon their agreement the Court
      (Smith, Mag. J.) ordered, that by the close of business on January 26, 2007,
      CTT
      shall cause a bond in the amount of $2.5 million to be posted by a reputable
      insurance company to serve as security in the Litigation.

    

    C. On
      January 24 and 25, 2007, CTT was advised by several insurance companies that
      such a bond cannot be posted within the time provided in the order.

    

    D. In
      lieu
      of a bond, CTT and Nano have agreed to execute and deliver this Agreement
      whereby CTT shall deliver to the Escrow Agent cash in the amount $2.5 million
      to
      be held and distributed by the Escrow Agent in accordance with the terms and
      conditions of this Agreement. 

    

    AGREEMENT

    

    In
      consideration of the mutual agreements, covenants and other premises set forth
      herein, the mutual benefits to be gained by the performance thereof, and for
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged and accepted, the parties hereby agree as
      follows:

    

    1.  Appointment
      and Agreement of the Escrow Agent.
      Nano
      and CTT hereby appoint Commerce Bank, N.A. as escrow agent and Commerce Bank,
      N.A. hereby agrees to perform the duties of escrow agent under this Agreement.
      The Escrow Agent acknowledges that it has been furnished with a copy of this
      Agreement.

    

    2.  Deposit
      of Escrowed Amount; Setoff; Interest. CTT
      has
      delivered to the Escrow Agent in immediately available funds an amount of TWO
      MILLION FIVE HUNDRED THOUSAND and 00/100 DOLLARS ($2,500,000.00) (such amount,
      together with interest thereon, the “Escrowed Amount”) to be held by the Escrow
      Agent in escrow in an interest-bearing account pursuant to the terms and
      conditions of this Agreement. All interest earned in the account established
      hereunder shall be payable to CTT. The Escrow Agent is hereby directed to invest
      the entire deposit in the Goldman Sachs Institutional Liquid Asset Treasury
      Obligations Money Market Fund.

    

    3.  Purpose
      of the Escrow.
      This
      Agreement has been executed and delivered for the purpose of securing the
      respective rights of Nano, on the one hand, and CTT, on the other hand,
      regarding the Escrowed Amount.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.     
      Distribution of the Escrowed Amount. 
      The Escrow Agent shall
      hold the Escrowed Amount and shall not distribute it, or any portion thereof,
      unless and until one of the following occurs:

           
      

    (a)     Receipt
      of any joint written instructions delivered to the Escrow Agent
      and executed
      by (i) Nano, (ii) an authorized representative of CTT, and (iii) their
 
      respective counsel of record in the Litigation; or 

    

    (b)     Receipt
      of any final, non-appealable order of the Court in the
      Litigation.

    

    In
      no
      event shall the amount distributed to Nano hereunder exceed the sum of
      $2,500,000.00.

     

    5. Concerning
      the Escrow Agent.

     

    (a) Limited
      Duties.
      The
      Escrow Agent undertakes to perform only such duties as are expressly set forth
      in this Agreement. The Escrow Agent shall incur no liability whatsoever to
      any
      other party hereunder, except for its own fraud, gross negligence or willful
      misconduct in its capacity as escrow agent.

     

    (b) Reliance
      on Instructions and Orders.
      The
      Escrow Agent may reasonably rely and shall be protected in acting or refraining
      from acting upon any joint written instruction or Court order furnished to
      it
      hereunder and reasonably believed by it to be genuine and to have been signed
      or
      presented by the proper party or parties.

     

    (c) Action
      in Good Faith.
      The
      Escrow Agent shall not be liable for any action taken by it in good faith and
      believed by it to be authorized or within the rights or powers conferred upon
      it
      by this Agreement, and may consult with counsel of its own choice and shall
      have
      full and complete authorization and protection for any action taken or suffered
      by it hereunder in good faith and in accordance with the opinion of such
      counsel.

     

    (d) Resignation.
      The
      Escrow Agent may resign and be discharged from its duties or obligations
      hereunder by giving notice of such resignation to Nano and CTT specifying a
      date
      upon which such resignation shall take effect, whereupon a successor escrow
      agent shall be appointed by Nano and CTT. The Escrow Agent shall be entitled
      to
      deliver the Escrowed Amount in escrow to any successor escrow agent so appointed
      or to the Court.

     

    (e) Indemnification.
      Except
      with respect to claims based upon the Escrow Agent’s willful misconduct, gross
      negligence or fraud, CTT will indemnify and hold harmless the Escrow Agent
      from
      any claims made against the Escrow Agent by Nano arising out of or relating
      to
      this Agreement. CTT will indemnify and hold the Escrow Agent harmless from
      any
      claim made by any third party arising out of or relating to this Agreement,
      such
      indemnification to include all costs and expenses incurred by the Escrow Agent,
      including reasonable attorneys’ fees.

     

    (f) No
      Consequential Damages.
      In no
      event shall the Escrow Agent be liable for special, indirect or consequential
      loss or damage of any kind whatsoever (including but not limited to lost
      profits), even if the Escrow Agent has been advised of the likelihood of such
      loss or damage and regardless of the form of action.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (g) Compensation. CTT
      shall
      pay the Escrow Agent an acceptance fee of $1,000.00 and an administrative fee
      of
      $3,500.00 upon the closing of this Agreement. Any
      additional compensation or charges payable to the Escrow Agent for the services
      to be rendered by the Escrow Agent hereunder, if any, shall be paid by
      CTT.

     

    (h) Deposit
      into Court Registry.
      In the
      event that any third party makes any claim or commences litigation arising
      out
      of or relating to this Agreement or the distribution of the Escrowed Amount,
      Nano and CTT promptly shall submit written instructions to the Escrow Agent
      (pursuant to Section 4(a), above) to deposit the Escrowed Amount into the
      Registry of the Court.

    

    6. Term
      of Agreement/Survival.The
      term
      of this Agreement shall be for the period beginning as of the date first above
      written and ending as of the date on which all of the Escrowed Amount has been
      distributed by the Escrow Agent pursuant to Section 4 hereof. The provisions
      of
      Section 5(e) shall survive the term and termination of this Agreement.

    

    7. Tax
      Identification Number, Allocation of Interest. Each
      party hereto, except the Escrow Agent, has listed his or its Tax Identification
      Number (TIN) as assigned by the Internal Revenue Service in Section 8, below.
      Interest shall be allocated to and reported by CTT in accordance with the
      provisions of Section 2, above.

    

    8. Notices.All
      notices, consents and other communications under this Agreement shall be in
      writing and delivered personally or sent by registered or certified mail,
      postage prepaid or delivered to a recognized overnight courier service (such
      as
      Federal Express) with shipping charges prepaid, addressed as
      follows:

    

    If
      to
      Nano, to:

    John
      Nano

    30
      Stone
      Fence Lane

    Stamford,
      CT 06903

    SSN:
      ###-##-####

    

    With
      a copy to:

    Ethan
      Levin-Epstein, Esq.

    Garrison,
      Levin-Epstein, Chimes & Richardson, P.C.

    405
      Orange Street

    New
      Haven, CT 06511

    

    If
      to
      CTT, to:

    Competitive
      Technologies, Inc.

    777
      Commerce Drive, Suite 100

    Fairfield,
      CT 06825

    TIN:
      36-2664428

    

    With
      a copy to:

    Douglas
      J. Varga, Esq.

    Zeldes,
      Needle & Cooper, P.C.

    1000
      Lafayette Boulevard

    P.O.
      Box
      1740

    Bridgeport,
      CT 06601-1740

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    If
      to
      the Escrow Agent, to:

    Commerce
      Bank, N.A.

    Corporate
      Trust Services

    121
      South
      Broad Street

    Philadelphia,
      PA 19107

    Attn:
      Stephen R. Schaaf 

    

    or
      such
      other persons or such other addresses as may be designated in writing by the
      parties, by a notice given as aforesaid. All notices shall be deemed given
      when
      received or upon refusal of receipt.

     

    9. Miscellaneous.

     

    (a) Applicable
      Law.
      This
      Agreement will be governed by the laws of the State of Connecticut without
      regard to any conflict of laws principles and as applicable to contracts to
      be
      entered into and performed entirely within the State of
      Connecticut.

     

    (b) Headings.
      The
      headings of the several sections of this Agreement are inserted for convenience
      of reference only and are not intended to affect the meaning or interpretation
      of this Agreement.

     

    (c) Entire
      Agreement, Amendments.
      This
      Agreement constitutes the entire agreement among the parties hereto with respect
      to the subject matter hereof and thereof and supersede all prior agreements,
      understandings, negotiations and discussions, whether oral or written, of the
      parties with respect thereto. No amendment, modification or rescission of this
      Agreement will be effective unless set forth in a writing signed by Nano, and
      duly authorized officers of CTT and the Escrow Agent.

     

    (d) Binding
      Nature.
      This
      Agreement will be binding upon, and inure to the benefit of, the personal
      representatives, executors, administrators, heirs, successors, legal guardians
      and permitted assigns of the parties hereto, and any personal representatives,
      executors, administrators, heirs, successors, legal guardians or permitted
      assigns of such party. This Agreement may not be assigned by any party without
      the written consent of the other parties hereto.

     

    (e) Counterparts.
      This
      Agreement may be executed in one or more counterparts, all of which shall be
      considered one and the same agreement, and shall become a binding agreement
      when
      one or more counterparts have been signed by each party and delivered to the
      other parties. Each such original or facsimile copy of this Agreement signed
      in
      counterpart by any of the Parties shall be deemed to be an original for all
      purposes.

    

    [signature
      page follows]

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Agreement as
      of
      the date first set forth above.

    
      	 	 	 
	 	
              COMPETITIVE
                TECHNOLOGIES, INC.

            
	 
 	 
 	 
 
	
            	BY:  	/s/
              Michael D. Davidson
	 	 	
              

              Michael
                D. Davidson

              Senior
                Vice-President and Chief Financial Officer

            
	 	 	 
	 	 	 
	 	 	/s/ John Nano
	 	 	
              
JOHN
              NANO
	 	 	 
	 	 
	 	
              COMMERCE
                BANK, N.A.

            
	 	 
	 	 
	 	BY:	/s/
              Stephen R. Schaaf
	 	
              

              Stephen
                R. Schaaf

              Vice
                President

            

    
      
        
        

      

      
        5EX 10.1

    EXHIBIT
      10.1

     

    AMENDMENT
      AGREEMENT I

     

    TO

     

    SALE
      AND PURCHASE AGREEMENT

    REGARDING
      THE SALE AND PURCHASE OF SHARES IN

    GAVITEC
      AG DATED FEBRUARY 17, 2006

     

     

    among

     

    
      	1.	
              GZ
                Paul Partners BV, Vredehofstraat 7, 3761 HA Soest, The
                Netherlands,

            

    

     

    
      	2.	
              Jülicher
                Kapital Beteiligungsgesellschaft mbH, Karl-Heinz-Beckurts-Str. 13,
                52428
                Jülich,

            

    

     

    
      	3.	
              Mr.
                Jörg Küchen, Ginsterweg 7, 52134
                Herzogenrath,

            

    

     

    
      	4.	
              Mr.
                Richard Rolf Reuter, Feldstraße 4, 52146
                Wuerselen,

            

    

     

    
      	5.	
              Mr.
                Ralph Schraven, Steckendorferstraße 126, 47798
                Krefeld,

            

    

     

    
      	6.	
              Mr.
                Franz-Josef Titz, Schafenberg 40, 52379
                Langerwehe,

            

    

     

    
      	7.	
              Dr.
                Christian Steinborn, Lütticher Strasse 179, 52074
                Aachen,

            

    

     

    
      	8.	
              Mr.
                Laurens Nunninck, Vinkedelstraat 3, 6369 BT Simpleveld, The
                Netherlands,

            

    

     

    -
      the
      parties per no.'s 1 through 8 herein referred to individually

    as
      "Seller"
      and
      collectively as "Sellers"
      -

     

    and

     

    
      	9.	
              NeoMedia
                Technologies, Inc., 2201 Second Street, Suite 600, Ft. Myers, Florida
                33901, USA,

            

    

     

    -
      herein
      referred to as "Purchaser"
      and
      collectively with

    Sellers
      as "Parties"
      and
      each of them as "Party"
      -.

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    RECITALS

     

    WHEREAS,
      the
      Parties have executed on February 17, 2006, a sale and purchase agreement
      regarding the sale and purchase of shares of Gavitec AG, a German privately
      held
      stock corporation with its legal seat in Wuerselen (herein referred to as
      "Share
      Purchase Agreement");

     

    WHEREAS,
      the Sellers have received 13,660,511 shares of common stock in Purchaser as
      Consideration Shares (herein referred to as "Initial
      Consideration Shares");

     

    WHEREAS,
      the Initial Consideration Shares have not yet been registered;

     

    WHEREAS,
      the share price of Purchaser has significantly decreased so that the Closing
      Price Adjustment has significantly increased;

     

    WHEREAS,
      10% of the Initial Consideration Shares are being held in escrow pursuant to
      SECTION 4.2.2 of the Share Purchase Agreement and an escrow agreement
      entered into between Dr. Axel Hofmann, Sellers and Purchaser dated February
      23,
      2006 (herein referred to as "Escrow
      Agreement").

     

     

    NOW,
      THEREFORE, the Parties agree and agree to amend the Share Purchase Agreement
      as
      follows:

     

    SECTION 1

    Definitions;
      No Further Changes

     

    1.1    Definitions.
      Unless
      otherwise specified herein, all terms used herein in capital letters shall
      have
      the meaning as defined in the Share Purchase Agreement.

     

    1.2    No
      Further Changes.
      All
      provisions of the Share Purchase Agreement not amended by this agreement shall
      remain unchanged and in full force and effect.

     

    SECTION 2

    Clarifications

     

    2.1    "Volume
      Weighted Average Price".
      The
      Definition of "Volume
      Weighted Average Price"
      set
      forth in Section 4.2.1 of the Share Purchase Agreement is amended as follows:
      "Volume Weighted Average Price" means the sum of each sales price of the common
      stock of Purchaser on the respective relevant days, each multiplied by the
      volume for the respective day, divided by the aggregate volume during the
      relevant days.

     

    2.2    "Closing
      Price".
      The
      Parties agree that the "Closing
      Price"
      shall
      be equal to USD 39.53.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SECTION 3

    Amendment
      of Stock Consideration

     

    3.1    Replacement.
      The
      Stock Consideration provided for in Section 4.2.1 of the Share Purchase
      Agreement, i.e.
      the
      Consideration Shares and the Closing Price Adjustment, shall be replaced by
      (i)
      the Initial Consideration Shares, (ii) the amount of USD 1,800,000 to be paid
      pursuant to SECTION 3.2
      below
      and (iii) further 61,000,000
      shares
      of
      its common stock (herein referred to as "Additional
      Consideration Shares").

     

    3.2    Payment
      of USD 1,800,000.
      The
      amount of USD 1,800,000
      shall be due and payable by Purchaser to the account referred to in SECTION
      4.3
      of the Share Purchase Agreement on February 28, 2007 in immediately available
      funds, free of all taxes, bank charges and other deductions. 

     

    3.3    Rules
      Applicable to Additional Consideration Shares.
      

     

    3.3.1    On
      February 28, 2007 share certificates evidencing the Additional Consideration
      Shares shall be delivered to Sellers, or to GZ Paul Management Services GmbH
      as
      their joint representative, in the names and the fractions set forth in
Annex 3.3.1.

     

    3.3.2    Section
      6.2 of the Share Purchase Agreement shall apply mutatis
      mutandis
      to the
      Additional Consideration Shares. The period of time limitation under Section
      10.1 of the Share Purchase Agreement for this guarantee for both the Initial
      Consideration Shares and the Additional Consideration shall be extended until
      the date six months after the later of (i) the date upon which the Sellers
      are
      first able to sell the Initial Consideration Shares and the Additional
      Consideration Shares under Rule 144(k) of the Securities Act and (ii) the date
      on which the SEC declares the Registration Statement or any Piggyback
      Registration for both the Initial Consideration Shares and the Additional
      Consideration Shares effective (provided, however, that if the Purchaser’s
      common stock is not being quoted on the US OTC bulletin board or a US automated
      quotation system on such date, such date shall be the business day immediately
      following the 10th Trading Day after quotes for the Purchaser’s common stock
      have recommenced).

     

    3.3.3    Section
      16 of the Share Purchase Agreement as amended by SECTION 5
      below
      shall apply mutatis
      mutandis
      to the
      Additional Consideration Shares. 

     

    3.4    Revocation
      Right.
      If
      Purchaser is in default (in
      Verzug)
      with
      the payment pursuant to SECTION 3.2,
      the
      delivery of the Additional Consideration Shares pursuant to SECTION 3.3.1,
      or the
      lump sum reimbursement payment pursuant to SECTION 7.5 GZ
      Paul
      shall, with effect for all Parties of this Amendment Agreement I, have the
      right
      to revoke the amendment of the Stock Consideration provided for by this
SECTION 3
      with the
      consequence that this SECTION 3
      shall
      cease to apply and the Stock Consideration agreed on in the Share Purchase
      Agreement as amended by the other provisions of this Amendment Agreement I
      shall
      apply.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SECTION 4

    Interest

     

    4.1    Initial
      Consideration Shares Registration. 

     

    4.1.1    (Amended
      Due Date) As the Registration Statement with regard to the Initial Consideration
      Shares was not declared effective by September 1, 2006, the Stock Purchase
      Price
      is accruing interest at a rate of 8% per annum since the signing of the Share
      Purchase Agreement until the date on which both the Initial Consideration Shares
      and the Additional Consideration Shares are eligible to be sold by the Sellers
      pursuant to Rule 144(k) under the Securities Act. In deviation from the last
      sentence of Section 16.1 of the Share Purchase Agreement, such interest shall
      become due on February 28, 2007 and on the date on which both the Initial
      Consideration Shares and the Additional Consideration Shares are eligible to
      be
      sold by the Sellers pursuant to Rule 144(k) under the Securities Act.

     

    4.1.2    (Reflection
      of Payment of USD 1,800,000) As of the date the amount of
      USD 1,800,000 has been received in the account set forth in
      SECTION 3.2
      above,
      the amount of USD 1,800,000 will be deducted from the Stock Purchase Price
      and interest will continue to accrue only on the amount of
      USD 3,600,000.

     

    4.2    Additional
      Consideration Shares Registration.
      

     

    4.2.1    If
      the
      Second Liquidity Date (as defined below) has not occurred by or on August 31,
      2007, notwithstanding the interest payments outlined in
      SECTION 4.1,
      interest shall accrue at a rate of 8% per annum on the amount of
      USD 1,900,000 until the Second Liquidity Date.

     

    4.2.2    The
      "Second
      Liquidity Date"
      shall
      be the earlier of the date on which the Sellers are first able to sell the
      Additional Consideration Shares under Rule 144(k) of the Securities Act and
      the
      date on which the SEC declares the Registration Statement or any Piggyback
      Registration with regard to the Additional Consideration Shares effective
      (provided, however, that if the Purchaser’s common stock is not being quoted on
      the US OTC bulletin board or a US automated quotation system on the Second
      Liquidity Date, the Second Liquidity Date shall be the business day immediately
      following the 10th Trading Day after quotes for the Purchaser’s common stock
      have recommenced).

     

    SECTION 5

    Additions
      to Section 16

     

    5.1    Addition
      to Section 16.3.
      The
      Purchaser shall furnish, at the request of any Seller a signed counterpart,
      addressed to the Sellers and the underwriters, if any, of: (1) an opinion
      (which term shall include a disclosure letter) of the independent legal counsel
      representing the Purchaser for the purpose of such registration, dated the
      effective date of the Registration Statement or Piggyback Registration (or,
      if
      such registration includes an underwritten public offering, opinions (which
      term
      shall include disclosure letters) dated the date of the closing(s) under the
      underwriting agreement) covering such matters as are customary in connection
      with such registered offerings of securities by the Purchaser, reasonably
      satisfactory in form and substance to the Sellers, and (2) a “comfort”
letter, dated the effective date of the Registration

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Statement
      or Piggyback Registration (or, if such registration includes an underwritten
      public offering, letters of like kind dated the date the offering is priced
      and
      the date of the closing(s) under the underwriting agreement), signed by the
      independent certified public accountants of the Purchaser (i) stating that
      they are independent certified public accountants within the meaning of the
      Securities Act and that, in the opinion of such accountants, the financial
      statements and other financial data of the Purchaser included in the
      Registration Statement or Piggyback Registration, or the prospectus included
      therein, or any amendment or supplement thereto, comply as to form in all
      material respects with the applicable accounting requirements of the Securities
      Act and (ii) covering such other financial matters (including information
      as to the period ending not more than five (5) business days prior to the
      date of such letters) as are customarily covered in accountants’ letters
      delivered to the underwriters in underwritten public offerings of
      securities.

     

    5.2    Rule 144
      Information.
      With a
      view to making available the benefits of certain rules and regulations of the
      SEC which may at any time permit the sale of the Initial Consideration Shares
      and the Additional Considerations Shares to the public without registration,
      the
      Purchaser agrees to:

     

    5.2.1    Make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144 under the Securities Act;

     

    5.2.2    Use
      its
      best efforts to file with the SEC in a timely manner all reports and other
      documents required of the Purchaser under the Securities Act and the Exchange
      Act; and

     

    5.2.3    Furnish
      to each Seller forthwith upon request a written statement by the
      Purchaser as to its compliance with the reporting requirements of such
      Rule 144 and of the Securities Act and the Exchange Act, a copy of the most
      recent annual or quarterly report of the Purchaser, and such other reports
      and
      documents so filed by the Purchaser as such Seller may reasonably request in
      availing itself of any rule or regulation of the SEC allowing such Seller to
      sell any Initial Consideration Shares or Additional Consideration Shares without
      registration.

     

    SECTION 6

    Release
      of Escrow Shares

     

    Purchaser
      agrees to instruct the Escrow Agent as defined in the Escrow Agreement to
      release the Escrow Shares to Seller. For this purpose, Purchaser shall furnish
      to GZ Paul Management Services GmbH, attn. Mr. Helmut A. Krüger, on behalf of
      Sellers the original of the release instruction notice a copy of which is
      attached as Annex
      6.
      The
      obligation to furnish the original of this instruction notice shall be deemed
      to
      be fulfilled if Purchaser provides written evidence to GZ Paul Management
      Services GmbH, attn. Mr. Helmut A. Krüger, showing that the instruction notice
      was sent to the Escrow Agent as defined in the Escrow Agreement by telefax
      and
      registered mail with recorded deliveries in accordance with the formal
      requirements provided for under the Escrow Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SECTION 7

    Miscellaneous

     

    7.1    Governing
      Law.
      This
      Amendment Agreement I shall be governed by and construed in accordance with
      the laws of Germany, excluding its provisions on conflict of laws and the United
      Nations Convention on Contracts for the International Sale of Goods
      (CISG).

     

    7.2    Amendments.
      Any
      amendment or supplement to or modification of this Amendment Agreement I,
      including this provision, shall be valid only if made in writing, except where
      a
      stricter form is required under applicable law.

     

    7.3    Annexes.
      All
      Annexes attached hereto form an integral part of this Amendment
      Agreement I.

     

    7.4    Severability.
      Should
      any provision or part of a provision of this Amendment Agreement I be or
      become invalid or unenforceable, or should this Amendment Agreement I contain
      an
      unintended contractual gap, then the validity or enforceability of the remainder
      of the Agreement shall not be affected. Any such invalid or unenforceable
      provision shall be deemed replaced by, or any gap deemed to be filled with,
      an
      appropriate provision, which, in accordance with the economic purpose and object
      of the provision and/or Amendment Agreement I and as far as legally permissible,
      shall come closest to the Parties' original intention, or that intention which
      the Parties would have had had they considered the issue.

     

    7.5    Costs.
      The
      costs for the execution of this Amendment Agreement I shall be borne by
      Purchaser. With the exception of the amount of USD 100,000, which shall be
      paid by Purchaser to GZ Paul Management Services GmbH on February 28, 2007
      in
      immediately available funds, free of all taxes, bank charges and other
      deductions to the account set forth in SECTION 4.3 of the Share Purchase
      Agreement as a lump sum reimbursement of the costs accrued in connection with
      the negotiations of the Amendment Agreement I, all Parties shall bear their
      own
      costs arising in connection with the entering into of this Amendment Agreement
      I.

     

    

     

    IN
      WITNESS WHEREOF,
      the
      Parties hereto have caused this Amendment Agreement I to be executed by
      their duly authorized representatives, as of this 23 day of January,
      2007.

     

    
      	
              For
                Sellers:

            	
              For
                Purchaser:

            
	 	 
	
              /s/
                Helmut Krueger

            	
              /s/
                David Dodge

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