Document:

exv10w38

 

EXHIBIT
10.38

Purchase Order QPR0083

	 	 	 
	             Amendment Number: 0

Lockheed Martin Business Unit: Maritime Systems & Sensors — Riviera Bch (OHM)
	 	Order Date: 02/16/2006

Document Type: Purchase Order

Status: Accepted

	 	 	 
	 
	 	 	 
	Buyer	 	Seller
	LOCKHEED MARTIN MARITIME SYSTEMS & SENSORS

	 	ID: NN9Z00
	UNDERSEAS SYSTEMS

	 	Corp ID: LM0230343
	100 EAST 17th STREET

	 	NOVINT TECHNOLOGIES
	Riviera Beach FL 33404

	 	Phone #: 8883098590
	 

	 	809MOANA DRIVE
	Order Contact: Goble, Charlene

	 	SAN DIEGO CA 92106
	Telephone: 561-494-2351   Badge: I4
	 	 
	Email: charlene.goble@lmco.com
	 	 
	Fax: 561-842-5303
	 	 
	 
	 	 
	 

	 	 	 
	Bill To	 	Ship To
	ID: 057157257Q

	 	ID: 057157257
	LOCKHEED MARTIN SHARED SERVICES

	 	CAUTION:
	ACCOUNTS PAYABLE CENTER

	 	THIS PO MAY CONTAIN MULTIPLE
	PO BOX 33085

	 	ITEMS WITH DIFFERING SHIP-TO
	LAKELAND FL 338073085

	 	ADDRESSES. SEE INDIVIDUAL ITEMS FOR SHIP-TO
	 

	 	INFORMATION
	 
	 	 
	 

	 	 	 
	FOB	 	Terms of Sale
	Payment Method: Third Party Pay

	 	Basis: Invoice Receipt Date
	FOB (Transportation): Origin (Shipping Point)

	 	Net Days: 10
	 

	 	Description: Net 10 days
	 
	 	 
	 

This transmittal is signed electronically by the procurement representative or buyer identified; Upon

acknowledgement by seller, this transmittal is signed electronically by Seller authorized representative;

written signature not required if signed electronically.

	 	 	 	 	 	 	 	 	 	 	 
	Lockheed Martin

	 	 	 	 	 	Accepted	 	 	 	 
	Authorized Procurement Representative

	 	 	 	 	 	Seller Authorized Representative	 	 	 	 
	Electronically signed by:

	 	 	 	 	 	Electronically signed by:	 	 	 	 
	Goble, Charlene

	 	Date
	 	02/16/2006
	 	WALTER A. AVILES
	 	Date
	 	02/16/2006
	 

	 	 	 	 
	 	 
	 	 	 	 

Page: 1 of 5

 

 

Purchase Order QPR0083

	 	 	 
	              Amendment Number: 0

Lockheed Martin Business Unit: Maritime Systems & Sensors — Riviera Bch (OHM)
	 	Order Date: 02/16/2006

Document Type: Purchase Order

Status: Accepted

	 	 	 
	 
	 
	 	 
	Carrier	 	Order Details
	Transportation Method/Type: Air Express

	 	Business System: 8157
	 

	 	Transmittal Date: 02/16/2006
	 

	 	Transmittal Time: 1500
	 

	 	Document Purpose: Original
	 

	 	Purchase Order Type: New Order
	 

	 	Contract No: NA
	 

	 	Acknowledgement: Acknowledge — No Detail or Change
	 

	 	Supplier Ack Date: 02/16/2006
	 

	 	Supplier Representative: WALTER A. AVILES
	 

	 	Contract Type: Time & Materials
	 
	 	 
	 

Notes

This Purchase Order and attachment(s), if any, is being transmitted electronically and
executed by electronic signature in lieu of a hard copy
Purchase Order/release and is the only document that the Seller will receive. By receipt and
acknowledgment of this Purchase Order, or by
performance, Seller agrees that this electronic Purchase Order shall have the same force and
effect as if executed and sent in hard copy.
Both parties agree that the validity of this Purchase Order shall not be contested on the
basis that this Purchase Order contains an electronic
signature. Seller certifies that those representations and certification contained in the
referenced terms and conditions are current and
accurate.

Letters & Notes: PO HEADER TEXT

Government Contract Number: NA

Defense Priorities Allocation System Priority Rating: DO-C9

Special Instructions:

Supplier to provide engineering services as defined in the Statement of Work for Engineering
Support dated February 14, 2006 at a straight time and overtime bill rate of $96.15/hr.
Period of performance is current through August 31, 2006.

Supplier to provide monthly invoices with approved time sheets to the buyer, Char Goble,
for approval and subsequent forwarding to Lakeland, FL for payment.

Standard Code: CD4T-1104

Comment Name:LOCKHEED MARTIN TERMS AND CONDITIONS CORPDOC 4
T&M, DATED
LOCKHEED MARTIN TERMS AND CONDITIONS CORPDOC 4 T&M, DATED
NOVEMBER 2004, INCLUDING REPRESENTATIONS AND CERTIFICATIONS
REQUIRED UNDER U.S. GOVERNMENT PRIME CONTRACTS ARE
INCORPORATED HEREIN AND ALTHOUGH NOT ATTACHED, APPLY TO THI
PURCHASE ORDER OR RFQ/RFP. BY ACCEPTING THIS ORDER OR
SUBMITTING AN OFFER/PROPOSAL, SELLER ACKNOWLEDGES PRIOR
RECEIPT OF CORPDOC 4 T&M AND CERTIFIES THOSE REPRESENTATION
AND CERTIFICATIONS ARE CURRENT, ACCURATE AND COMPLETE. FOR
ITEMS REFERENCING A DOD PRIME CONTRACT, CORPDOC 4A, DATED
NOVEMBER 2004, IS ALSO INCORPORATED BY REFERENCE AND SHALL
APPLY TO THOSE ITEMS. FOR ITEMS REFERENCING A NASA PRIME
CONTRACT, CORPDOC 4B, DATED NOVEMBER 2004, IS ALSO
INCORPORATED BY REFERENCE AND SHALL APPLY TO THOSE ITEMS.
COPIES OF THE LOCKHEED MARTIN TERMS AND CONDITIONS MAY BE
OBTAINED FROM THE LOCKHEED MARTIN PROCUREMENT REPRESENTATIVE
WHO ISSUED THIS PURCHASE ORDER OR BY ACCESS TO LOCKHEED
MARTIN’S SUPPLIERNET WEBSITE AT THE FOLLOWING URL ADDRESS
(USE LOWER CASE LETTERS):

Page: 2 of 5

 

 

Purchase Order QPR0083

	 	 	 
	              Amendment Number: 0

Lockheed Martin Business Unit: Maritime Systems & Sensors - Riviera Bch (OHM)
	 	Order Date: 02/16/2006

Document Type: Purchase Order

Status: Accepted
	 	 	 
	 

HTTP://WWW.LOCKHEEDMARTIN.COM/SUPPLIERNET

  Standard Code: GLOBALCOR

Comment Name:OUR PO# MUST APPEAR ON ALL CORRESPONDENCE, PACKAGES, OUR PO# MUST APPEAR ON ALL
CORRESPONDENCE, PACKAGES,
AND SHIPPING DOCUMENTS.

LOCKHEED MARTIN CORPORATION’S POLICY IS IN FULL COMPLIANCE WITH ANTI-KICKBACK PROCEDURES
(FAR 52.203.7). TO REPORT A SUSPECTED VIOLATION CALL 1-800-LM-ETHIC (1-800-563-8442).

THIS IS A RATED CONTRACT CERTIFIED FOR NATIONAL DEFENSE.
THE CONTRACTORS IS REQUIRED TO FOLLOW ALL PROVISIONS
OF THE DEFENSE PRIORITIES AND ALLOCATIONS SYSTEM REGULATION
(15 CFR 700). THE RATING(S) ON THIS CONTRACT IS /ARE AS
SPECIFIED BELOW.

	 	 	 	 	 	 	 	 	 	 	 
	ITEM	 	QUANTITY	 	DPAS	 	PRIME CONTRACT	 	ACCOUNT DISTRIBUTION
	 	 	 	 	 	 	 	 	 
	001

	 	 	1.00	 	 	DO-C9
	 	N00014-04-C-0032
	 	1Q329A310000
	002

	 	 	1.00	 	 	tbd
	 	None
	 	5Q6URD500000

Page: 3 of 5

 

 

Purchase Order QPR0083

	 	 	 
	             Amendment Number: 0

Lockheed Martin Business Unit: Maritime Systems & Sensors - Riviera Bch (OHM)
	 	Order Date: 02/16/2006

Document Type: Purchase Order

Status: Accepted

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Line	 	Item	 	 	Quantity	 	 	Unit	 	 	Price	 	 	Price Unit Currency Eng Chg Item Total	 
	001
	 	BA	 	 	1	 	 	 	 	 	 	$	73,074.00	 	 	Contract	 	USD	 	 	 	 	 	$	73,074.00	 
	Description
	1Q329A310000 - Embedded Auto ident & imaging
	Schedule
	Quantity: 1, UM: SV, Scheduled for Delivery (Prior to & Including): 08/14/2006 ,Required Date (Date Due - Contract): 08/14/2006
	 	 	Contract Reference N00014-04-C-0032 RBPUR
	Item Ship To
	LM Riviera Beach - QS10

17th Street Attn: Receiving

Riviera Beach FL 33404
	Condition of Sale
	No Substitution Allowed
	Tax
	Tax ID Number: SEE TEXT
	Notes
	Letters & Notes: PO ITEM TEXT

Item Comments

760 Hours

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Line	 	Item	 	 	Quantity	 	 	Unit	 	 	Price	 	 	Price Unit Currency Eng Chg Item Total	 
	002
	 	BA	 	 	1	 	 	 	 	 	 	$	7,692.00	 	 	Contract	 	USD	 	 	 	 	 	$	7,692.00	 
	Description
	5Q6URD500000 - Demo of CIIHSC at HULS Fest
	Schedule
	Quantity: 1, UM: SV, Scheduled for Delivery (Prior to & Including): 08/15/2006 ,
Required Date (Date Due — Contract): 08/15/2006
	 	 	Contract Reference None RBPUR
	Item Ship To
	LM Riviera Beach - QS10
	17th Street Attn: Receiving
	Riviera Beach FL 33404
	Condition of Sale
	No Substitution Allowed
	Tax
	Tax ID Number: SEE TEXT
	Notes
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Letters & Notes: PO ITEM TEXT
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Item Comments
	80 Hours
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total: $80,766.00

Page: 4 of 5

 

 

Purchase Order QPR0083

	 	 	 
	             Amendment Number: 0

Lockheed Martin Business Unit: Maritime Systems & Sensors - Riviera Bch (OHM)
	 	Order Date: 02/16/2006

Document Type: Purchase Order

Status: Accepted

End of Document

Page: 5 of 5exv10w39

 

EXHIBIT 10.39

Amendment and Acknowledgement

This Amendment and Acknowledgement (this “Amendment”) is made as of this 9th day of
March, 2006 (the “Effective Date”) by and between NOVINT TECHNOLOGIES, INC., a corporation
organized under the laws of the State of Delaware (“Novint”) and FORCE DIMENSION, LLC, a Limited
Liability Company organized under the laws of Switzerland (“Force Dimension”). This Amendment
relates to certain obligations under an Intellectual Property License Agreement entered on or about
January 5, 2004 (the “License Agreement”), as amended by an Amendment made May 10, 2005 (the
“Previous Amendment,” and, together with the License Agreement, the “Existing Agreement”), which
Existing Agreement remains in full force and effect except as expressly modified by this Amendment.

1. Background.

	1.1.	 	The Existing Agreement concerns obligations and intellectual property rights related to
certain haptic device technology described in the Existing Agreement.
	 
	1.2.	 	Capitalized terms in this Amendment have the meanings set forth in the Existing Agreement,
unless expressly defined in this Agreement.
	 
	1.3.	 	Novint and Force Dimension desire to clarify and memorialize the satisfaction of certain of
their respective obligations under the Existing Agreement, as set forth herein.

2. Payments by Novint.

	2.1.	 	Obligations. Novint, under 3.1 of the Existing Agreement as amended in the Previous
Amendment, was obliged to pay to Force Dimension a license fee of $15,000 (3.1(a)); a
milestone payment of $50,000 (3.1(b)); a milestone payment of $50,000 (3.1(c)); a license fee
of $50,000 (3.1(d)); a fee for technical support services of $455,000 (3.1(e)); and to issue
to Force Dimension 250,000 shares of Novint’s common stock (3.1(f)).
	 
	2.2.	 	Previous Payments. Novint has paid to Force Dimension the license fee under 3.1(a);
the milestone payment under 3.1(b); and the milestone payment under 3.1(c); and has issued to
Force Dimension the 250,000 shares of common stock under 3.1(f). The receipt of the foregoing
payments and stock is hereby acknowledged by Force Dimension.
	 
	2.3.	 	Stock Payment. Novint agrees to grant to Force Dimension 607,500 shares of Novint’s
common stock (the “Shares”), subject to applicable law and subject to the Force Dimension’s
timely execution of documents, if any, required for such issuance to be exempt from
registration. Novint and Force Dimension agree that the issuance of Shares under this
provision shall be full satisfaction of all payment obligations from Novint to Force Dimension
under the Existing Agreement, specifically including without limitation Novint’s payment
obligations under 3.1, 3.4, and 3.5 (for all years prior to 2007) of the Existing Agreement,
but specifically excluding Novint’s payment obligations under 3.2, 3.3, and 3.5 (for 2007 and

Amendment and Acknowledgement between Novint and Force Dimension; page 1

 

subsequent years). In connection with the contemplated issuance of the Shares, Force
Dimension represents and warrants to Novint as follows:

	2.3.1	 	Force Dimensions understands that the Shares are “restricted securities” and have
not been registered under the Securities Act of 1933, as amended (the “Securities Act”)
or any applicable state securities law and is acquiring the Shares as principal for its
own account, and has no arrangement or understanding with any other persons regarding the
distribution of such Shares (this representation and warranty not limiting Force
Dimension’s right to sell the Shares pursuant to a registration statement or otherwise in
compliance with applicable federal and state securities laws). Force Dimension is
acquiring the Shares hereunder in the ordinary course of its business and does not have
any agreement or understanding, directly or indirectly, with any person to distribute any
of the Shares.
	 
	2.3.2	 	At the time Force Dimension receives any of the Shares, Force Dimension will be an
“accredited investor” as defined in Rule 501 under the Securities Act.
	 
	2.3.3	 	Force Dimension has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the
prospective investment in the Shares, and has so evaluated the merits and risks of such
investment. Force Dimension is able to bear the economic risk of an investment in the
Shares and, at the present time, is able to afford a complete loss of such investment.
	 
	2.3.4	 	Force Dimension is not receiving the Shares as a result of any advertisement,
article, notice or other communication regarding the Shares published in any newspaper,
magazine or similar media or broadcast over television or radio or presented at any
seminar or any other general solicitation or general advertisement.
	 
	2.3.5	 	During any period when Force Dimension continues to hold shares of Novint’s common
stock, Novint shall not provide Force Dimension with any material nonpublic information
without prior written consent from Force Dimension, except for information related to the
Existing Agreement (including information related to completion or progress toward
Milestones thereunder) and except for information related to intellectual property
involving Force Dimension rights or personnel. In the event that any material nonpublic
information is provided by Novint to Force Dimension, Novint shall advise Force Dimension
in writing promptly when such information is no longer material and nonpublic. If Force
Dimension shall not have provided prior written consent to the receipt of material
nonpublic information, then Force Dimension shall be entitled to rely, in connection with
any resales of Novint

Amendment and Acknowledgement between Novint and Force Dimension; page 2

 

	 	 	common stock, on the fact that is possesses no such information.

	 
	2.3.9	 	Reports Under Securities Exchange Act of 1934. With a view to making
available to Force Dimension the benefits of Rule 144 promulgated under the
Securities Act and any other rule or regulation of the SEC that may at any time
permit Force Dimension to sell securities of Novint to the public without
registration, Novint shall make commercially reasonable efforts to (a) make and
keep available adequate current public information within the meaning of SEC Rule
144 at all times after the date hereof and for so long as Force Dimension continues
to hold shares of Novint common stock and Novint remains subject to the periodic
reporting requirements under Section 13 or 15(d) of the Exchange Act; (b) file with
the SEC in a timely manner all reports and other documents required of Novint under
the Securities Act and the Exchange Act; and (c) cause the shares of Novint common
stock held by Force Dimension to be admitted for trading on each exchange or market
upon which shares of Novint common stock are from time to time admitted for
trading. In addition, to facilitate the resale by Force Dimension of shares of
Novint common stock, Novint agrees to use its reasonable best efforts to process
any proposed transfer of shares by Force Dimension as promptly as practicable after
written notice thereof from Force Dimension.
	 
	2.3.10	 	Put Option; Exercise. Subject to the terms and conditions hereof, the Company
hereby grants to Force Dimension, the right and option, but not the obligation, to
require the Company to repurchase all of the Shares during the period of thirty business
days beginning on the six month anniversary of the Effective Date (or such date is not a
business day, the next succeeding business day) (the “Exercise Period”) for an aggregate
purchase price of $405,000 (the “Put Option”). Force Dimension may exercise the Put
Option by providing a written notice of exercise duly executed by Force Dimension at
least 5 business days prior to the end of the Exercise Period. In the event Force
Dimension exercises the Put Option, it shall deliver certificates evidencing the Shares
to the Company by the end of the Exercise Period and the Company shall pay the $405,000
upon receipt of such share certificates. The Put Option may not be partially exercised
and shall apply to all of the Shares.

3. Obligations of Force Dimension.

	3.1.	 	Force Dimension, under the Existing Agreement, was obliged to deliver to Novint a First
Deliverable and a Second Deliverable, each on or before a corresponding deadline. Novint

Amendment and Acknowledgement between Novint and Force Dimension; page 3

 

	 	 	acknowledges that Force Dimension has delivered the First Deliverable and the Second
Deliverable, in full satisfaction of Force Dimension’s obligations to do so.

4. Timelines and Due Dates.

	4.1.	 	Novint and Force Dimension acknowledge that there have been various delays in the Parties’
performances under the Existing Agreement. Novint and Force Dimension hereby agree that all
deadlines or dates for performance under the Exiting Agreement are replaced by dates one year
after the date specified by the Existing Agreement, and waive any claims against the other
party arising out of any previous late delivery or performance under the Existing Agreement.
Without limiting the generality of the foregoing, the deadlines in Exhibit D Novint
Performance Milestones are specifically extended by one year each, as set forth following:

	 	4.1.1.	 	Milestone 1 is in the time period beginning on the Effective Date and ending two
calendar years thereafter;
	 
	 	4.1.2.	 	Milestone 2 is before the third anniversary of the Effective Date;
	 
	 	4.1.3.	 	Milestone 3 is before the fourth anniversary of the Effective Date;
	 
	 	4.1.4.	 	Milestone 4 begins on the fourth anniversary of the Effective Date.

	5.	 	Restatement of Exhibit D. Novint and Force Dimension acknowledge that, subsequent to
the execution of the Existing Agreement, the intended business model has changed.
Consequently, Exhibit D is replaced in its entirety with the following:

RESTATED EXHIBIT D

NOVINT PERFORMANCE MILESTONES

1. In the time period beginning on the Effective Date and ending one calendar year
thereafter:

Game prototypes developed and presented to game publishers

Detailed market study is complete for all target markets, including United States, Canada, Europe and Japan

Detailed time schedule for transition to volume production

2. Before the second anniversary of the Effective Date:

Memorandum of Understanding, Term Sheet or similar instrument signed with hardware manufacturer

Novint is actively carrying out game development with publishers or developers Software API V1 finalized for developers

3. Before the third anniversary of the Effective Date:

At least one Licensed Product is generally available for sale at retail or online in the United States, Canada, all countries of the European Union, and Japan.

Amendment and Acknowledgement between Novint and Force Dimension; page 4

 

4. On the third anniversary of the Effective Date and thereafter until Novint has paid to
Force Dimension a total of Fifteen Million Dollars ($15,000,000) in the aggregate pursuant
to Section 3.2:

At least one Licensed Product is generally available for sale at retail or online in the
United States, Canada, all countries of the European Union, Japan, China (including Hong
Kong and Taiwan), South Korea, Singapore, Australia and New Zealand.

6. Miscellaneous.

	6.1.	 	Counterparts. This Amendment may be executed in counterparts, each of which shall be
considered an original and all of which, together with the Existing Agreement, shall
constitute the same document.
	 
	6.2.	 	Severability. If a court of competent jurisdiction declares any provision of this
Amendment invalid or unenforceable, or if any government or other agency having jurisdiction
over either party deems any provision to be contrary to any laws, then that provision shall be
severed and the remainder of the Amendment shall continue in full force and effect. The
parties further agree to negotiate in good faith with the intention of agreeing to and
implementing an amendment to replace such void, invalid, unenforceable, or unlawful provision
with a valid and enforceable provision that will achieve, to the extent possible, the
economic, business and other purposes of such void, invalid, unenforceable or unlawful
provision.

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	NOVINT TECHNOLOGIES, INC.	 	 	 	FORCE DIMENSION, LLC	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Its:

	 	 	 	 	 	Its:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

Amendment and Acknowledgement between Novint and Force Dimension; page 5

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