Document:

Unassociated Document

     

    WARRANT

     

    THE
      SECURITIES REPRESENTED BY THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
      SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
      SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
      OR
      APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL IN A FORM REASONABLY
      SATISFACTORY TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
      OR
      APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
      SAID
      ACT. NOTWITHSTANDING THE FOREGOING, THIS WARRANT MAY BE PLEDGED IN CONNECTION
      WITH A BONA FIDE MARGIN ACCOUNT.

     

    COMPLIANCE
      SYSTEMS CORPORATION

     

    Warrant
      To Purchase Common Stock

     

    
      	
              Warrant No.: COPI-001

            	
              Number
                of Shares:
                3,000,000

            

    

     

    Date
      of
      Issuance: September 24, 2007

    

    Compliance
      Systems Corporation, a Nevada corporation (the “Company”),
      hereby certifies that, for good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, YA
      Global Investments, L.P. (f/k/a Cornell Capital Partners,
      L.P.)
      (the
“Holder”),
      the
      registered holder hereof or its permitted assigns, is entitled, subject to
      the
      terms set forth below, to purchase from the Company upon surrender of this
      Warrant, at any time or times on or after the date hereof, but not after
      11:59 P.M. Eastern Time on the Expiration Date (as defined herein) Three
      Million (3,000,000) fully paid and nonassessable shares of Common Stock (as
      defined herein) of the Company (the “Warrant
      Shares”)
      at the
      exercise price per share provided in Section 1(b) below or as subsequently
      adjusted; provided, however, that in no event shall the holder be entitled
      to
      exercise this Warrant for a number of Warrant Shares in excess of that number
      of
      Warrant Shares which, upon giving effect to such exercise, would cause the
      aggregate number of shares of Common Stock beneficially owned by the holder
      and
      its affiliates to exceed 4.99% of the outstanding shares of the Common Stock
      following such exercise, except within sixty (60) days of the Expiration Date
      (however, such restriction may be waived by the Holder (but only as to itself
      and not to any other holder) upon not less than sixty-five (65) days prior
      notice to the Company). For purposes of the foregoing proviso, the aggregate
      number of shares of Common Stock beneficially owned by the holder and its
      affiliates shall include the number of shares of Common Stock issuable upon
      exercise of this Warrant with respect to which the determination of such proviso
      is being made, but shall exclude shares of Common Stock which would be issuable
      upon (i) exercise of the remaining, unexercised Warrants beneficially owned
      by the holder and its affiliates and (ii) exercise or conversion of the
      unexercised or unconverted portion of any other securities of the Company
      beneficially owned by the holder and its affiliates (including, without
      limitation, any convertible notes or preferred stock) subject to a limitation
      on
      conversion or exercise analogous to the limitation contained herein. Except
      as
      set forth in the preceding sentence, for purposes of this paragraph, beneficial
      ownership shall be calculated in accordance with Section 13(d) of the Securities
      Exchange Act of 1934, as amended. For purposes of this Warrant, in determining
      the number of outstanding shares of Common Stock a holder may rely on the number
      of outstanding shares of Common Stock as reflected in (1) the Company’s most
      recent Form 10-QSB or Form 10-KSB, as the case may be, (2) a more recent public
      announcement by the Company or (3) any other notice by the Company or its
      transfer agent setting forth the number of shares of Common Stock outstanding.
      Upon the written request of any holder, the Company shall promptly, but in
      no
      event later than one (1) Business Day following the receipt of such notice,
      confirm in writing to any such holder the number of shares of Common Stock
      then
      outstanding. In any case, the number of outstanding shares of Common Stock
      shall
      be determined after giving effect to the exercise of Warrants (as defined below)
      by such holder and its affiliates since the date as of which such number of
      outstanding shares of Common Stock was reported.

    
      
        
        

      

      
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    Section
      1.

     

    (a) This
      Warrant is the common stock purchase warrant issued pursuant to that certain
      letter agreement dated as of August 7, 2007 between the Company, Montgomery
      Equity Partners, LP, and the Holder (the “Letter
      Agreement”).

     

    (b) Definitions.
      The
      following words and terms as used in this Warrant shall have the following
      meanings:

     

    (i) “Approved
      Stock Plan”
means
      any employee benefit plan which has been approved by the Board of Directors
      of
      the Company, pursuant to which the Company’s securities may be issued to any
      employee, officer or director for services provided to the Company.

     

    (ii) “Business
      Day”
means
      any day other than Saturday, Sunday or other day on which commercial banks
      in
      the City of New York are authorized or required by law to remain
      closed.

     

    (iii) “Closing
      Bid Price”
means
      the closing bid price of Common Stock as quoted on the Principal Market (as
      reported by Bloomberg Financial Markets (“Bloomberg”)
      through its “Volume at Price” function).

     

    (iv) “Common
      Stock”
means
      (i) the Company’s common stock, par value $0.001 per share, and
      (ii) any capital stock into which such Common Stock shall have been changed
      or any capital stock resulting from a reclassification of such Common
      Stock.

     

    (v) “Excluded
      Securities”
means,
      provided such security is issued at a price which is greater than or equal
      to
      the arithmetic average of the Closing Bid Prices of the Common Stock for the
      ten
      (10) consecutive trading days immediately preceding the date of issuance, any
      of
      the following: (a) any issuance by the Company of securities in connection
      with
      a strategic partnership or a joint venture (the primary purpose of which is
      not
      to raise equity capital), (b) any issuance by the Company of securities as
      consideration for a merger or consolidation or the acquisition of a business,
      product, license, or other assets of another person or entity and (c) options
      to
      purchase shares of Common Stock, provided (I) such options are issued after
      the
      date of this Warrant to employees of the Company within thirty (30) days of
      such
      employee’s starting his employment with the Company, and (II) the exercise price
      of such options is not less than the Closing Bid Price of the Common Stock
      on
      the date of issuance of such option.

     

    
      
        
        

      

      
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    (vi) “Expiration
      Date”
means
      the date five (5) years from the Issuance Date of this Warrant or, if such
      date
      falls on a Saturday, Sunday or other day on which banks are required or
      authorized to be closed in the City of New York or the State of New York or
      on
      which trading does not take place on the Principal Exchange or automated
      quotation system on which the Common Stock is traded (a “Holiday”),
      the
      next date that is not a Holiday.

     

    (vii) “Issuance
      Date”
means
      the date hereof.

     

    (viii) “Options”
means
      any rights, warrants or options to subscribe for or purchase Common Stock or
      Convertible Securities. 

     

    (ix) “Other
      Securities”
means
      (i) those options and warrants of the Company issued prior to, and
      outstanding on, the Issuance Date of this Warrant, (ii) the shares of Common
      Stock issuable on exercise of such options and warrants, provided such options
      and warrants are not amended after the Issuance Date of this Warrant and
      (iii) the shares of Common Stock issuable upon exercise of this Warrant.

     

    (x) “Person”
means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof.

     

    (xi) “Principal
      Market”
means
      the New York Stock Exchange, the American Stock Exchange, the Nasdaq National
      Market, the Nasdaq SmallCap Market, whichever is at the time the principal
      trading exchange or market for such security, or the over-the-counter market
      on
      the electronic bulletin board for such security as reported by Bloomberg or,
      if
      no bid or sale information is reported for such security by Bloomberg, then
      the
      average of the bid prices of each of the market makers for such security as
      reported in the “pink sheets” by the National Quotation Bureau,
      Inc.

     

    (xii) “Securities
      Act”
means
      the Securities Act of 1933, as amended. 

     

    (xiii) “Warrant”
means
      this Warrant and all Warrants issued in exchange, transfer or replacement
      thereof. 

     

    (xiv) “Warrant
      Exercise Price”
shall
      be $0.004 or as subsequently adjusted as provided in Section 8 hereof.

     

    (xv) “Warrant
      Shares”
means
      the shares of Common Stock issuable at any time upon exercise of this Warrant.
      

     

    
      
        
        

      

      
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    (c) Other
      Definitional Provisions. 

     

    (i) Except
      as
      otherwise specified herein, all references herein (A) to the Company shall
      be deemed to include the Company’s successors and (B) to any applicable law
      defined or referred to herein shall be deemed references to such applicable
      law
      as the same may have been or may be amended or supplemented from time to time.
      

     

    (ii) When
      used
      in this Warrant, the words “herein”,
      “hereof”,
      and
“hereunder”
      and
      words of similar import, shall refer to this Warrant as a whole and not to
      any
      provision of this Warrant, and the words “Section”,
      “Schedule”,
      and
“Exhibit”
shall
      refer to Sections of, and Schedules and Exhibits to, this Warrant unless
      otherwise specified. 

     

    (iii) Whenever
      the context so requires, the neuter gender includes the masculine or feminine,
      and the singular number includes the plural, and vice versa. 

     

    Section
      2. Exercise
      of Warrant.
      

     

    (a) Subject
      to the terms and conditions hereof, this Warrant may be exercised by the holder
      hereof then registered on the books of the Company, pro rata as hereinafter
      provided, at any time on any Business Day on or after the opening of business
      on
      such Business Day, commencing with the first day after the date hereof, and
      prior to 11:59 P.M. Eastern Time on the Expiration Date (i) by delivery of
      a written notice, in the form of the subscription notice attached as
Exhibit
      A
      hereto
      (the “Exercise
      Notice”),
      of
      such holder’s election to exercise this Warrant, which notice shall specify the
      number of Warrant Shares to be purchased, payment to the Company of an
      amount equal to the Warrant Exercise Price(s) applicable to the Warrant Shares
      being purchased, multiplied by the number of Warrant Shares (at the
      applicable Warrant Exercise Price) as to which this Warrant is being
      exercised (plus any applicable issue or transfer taxes) (the “Aggregate
      Exercise Price”)
      in
      cash or wire transfer of immediately available funds and the surrender of this
      Warrant (or an indemnification undertaking with respect to this Warrant in
      the
      case of its loss, theft or destruction) to a common carrier for overnight
      delivery to the Company as soon as practicable following such date
      (“Cash
      Basis”)
      or
      (ii) by delivering an Exercise Notice and in lieu of making payment of the
      Aggregate Exercise Price in cash or wire transfer, elect instead to receive
      upon
      such exercise the “Net Number” of shares of Common Stock determined according to
      the following formula (the “Cashless
      Exercise”):
      

    

      
        	
                Net
                  Number = 

              	
                (A
                  x B) - (A x C)        

              
	
                 

              	
                B        

              

      

    

     

    For
      purposes of the foregoing formula: 

    

    A
      = the
      total number of Warrant Shares with respect to which this Warrant is then being
      exercised. 

    

    B
      = the
      Closing Bid Price of the Common Stock on the date of exercise of the
      Warrant.

    

    C
      = the
      Warrant Exercise Price then in effect for the applicable Warrant Shares at
      the
      time of such exercise. 

    
      
        
        

      

      
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    In
      the
      event of any exercise of the rights represented by this Warrant in compliance
      with this Section 2, the Company shall on or before the fifth (5th)
      Business Day following the date of receipt of the Exercise Notice, the Aggregate
      Exercise Price and this Warrant (or an indemnification undertaking with respect
      to this Warrant in the case of its loss, theft or destruction) and the receipt
      of the representations of the holder specified in Section 6 hereof, if requested
      by the Company (the “Exercise
      Delivery Documents”),
      and
      if the Common Stock is DTC eligible, credit such aggregate number of shares
      of
      Common Stock to which the holder shall be entitled to the holder’s or its
      designee’s balance account with The Depository Trust Company; provided, however,
      if the holder who submitted the Exercise Notice requested physical delivery
      of
      any or all of the Warrant Shares, or, if the Common Stock is not DTC eligible
      then the Company shall, on or before the fifth (5th)
      Business Day following receipt of the Exercise Delivery Documents, issue and
      surrender to a common carrier for overnight delivery to the address specified
      in
      the Exercise Notice, a certificate, registered in the name of the holder, for
      the number of shares of Common Stock to which the holder shall be entitled
      pursuant to such request. Upon delivery of the Exercise Notice and Aggregate
      Exercise Price referred to in clause (i) or (ii) above the holder of this
      Warrant shall be deemed for all corporate purposes to have become the holder
      of
      record of the Warrant Shares with respect to which this Warrant has been
      exercised. In the case of a dispute as to the determination of the Warrant
      Exercise Price, the Closing Bid Price or the arithmetic calculation of the
      Warrant Shares, the Company shall promptly issue to the holder the number of
      Warrant Shares that is not disputed and shall submit the disputed determinations
      or arithmetic calculations to the holder via facsimile within one (1) Business
      Day of receipt of the holder’s Exercise Notice. 

     

    (b) If
      the
      holder and the Company are unable to agree upon the determination of the Warrant
      Exercise Price or arithmetic calculation of the Warrant Shares within one (1)
      day of such disputed determination or arithmetic calculation being submitted
      to
      the holder, then the Company shall immediately submit via facsimile (i) the
      disputed determination of the Warrant Exercise Price or the Closing Bid Price
      to
      an independent, reputable investment banking firm or (ii) the disputed
      arithmetic calculation of the Warrant Shares to its independent, outside
      accountant. The Company shall cause the investment banking firm or the
      accountant, as the case may be, to perform the determinations or calculations
      and notify the Company and the holder of the results no later than forty-eight
      (48) hours from the time it receives the disputed determinations or
      calculations. Such investment banking firm’s or accountant’s determination or
      calculation, as the case may be, shall be deemed conclusive absent manifest
      error.

     

    (c) Unless
      the rights represented by this Warrant shall have expired or shall have been
      fully exercised, the Company shall, as soon as practicable and in no event
      later
      than five (5) Business Days after any exercise and at its own expense, issue
      a
      new Warrant identical in all respects to this Warrant exercised except it shall
      represent rights to purchase the number of Warrant Shares purchasable
      immediately prior to such exercise under this Warrant exercised, less the number
      of Warrant Shares with respect to which such Warrant is exercised.

     

    
      
        
        

      

      
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    (d) No
      fractional Warrant Shares are to be issued upon any pro rata exercise of this
      Warrant, but rather the number of Warrant Shares issued upon such exercise
      of
      this Warrant shall be rounded up or down to the nearest whole
      number.

     

    (e) If
      the
      Company or its Transfer Agent shall fail for any reason or for no reason to
      issue to the holder within ten (10) days of receipt of the Exercise
      Delivery Documents, a certificate for the number of Warrant Shares to which
      the
      holder is entitled or to credit the holder’s balance account with The Depository
      Trust Company for such number of Warrant Shares to which the holder is entitled
      upon the holder’s exercise of this Warrant, the Company shall, in addition to
      any other remedies under this Warrant or the Placement Agent Agreement or
      otherwise available to such holder, pay as additional damages in cash to such
      holder on each day the issuance of such certificate for Warrant Shares is not
      timely effected an amount equal to 0.025% of the product of (A) the sum of
      the
      number of Warrant Shares not issued to the holder on a timely basis and to
      which
      the holder is entitled, and (B) the Closing Bid Price of the Common Stock for
      the trading day immediately preceding the last possible date which the Company
      could have issued such Common Stock to the holder without violating this
      Section 2.

     

    (f) If
      within
      ten (10) days after the Company’s receipt of the Exercise Delivery Documents,
      the Company fails to deliver a new Warrant to the holder for the number of
      Warrant Shares to which such holder is entitled pursuant to Section 2 hereof,
      then, in addition to any other available remedies under this Warrant, or
      otherwise available to such holder, the Company shall pay as additional damages
      in cash to such holder on each day after such tenth (10th)
      day
      that such delivery of such new Warrant is not timely effected in an amount
      equal
      to 0.25% of the product of (A) the number of Warrant Shares represented by
      the portion of this Warrant which is not being exercised and (B) the
      Closing Bid Price of the Common Stock for the trading day immediately preceding
      the last possible date which the Company could have issued such Warrant to
      the
      holder without violating this Section 2.

     

    Section
      3. Covenants
      as to Common Stock.
      The
      Company hereby covenants and agrees as follows:

     

    (a) This
      Warrant is, and any Warrants issued in substitution for or replacement of this
      Warrant will upon issuance be, duly authorized and validly issued.

     

    (b) All
      Warrant Shares which may be issued upon the exercise of the rights represented
      by this Warrant will, upon issuance, be validly issued, fully paid and
      nonassessable and free from all taxes, liens and charges with respect to the
      issue thereof.

     

    (c) During
      the period within which the rights represented by this Warrant may be exercised,
      the Company will at all times have authorized and reserved at least one hundred
      percent (100%) of the number of shares of Common Stock needed to provide for
      the
      exercise of the rights then represented by this Warrant and the par value of
      said shares will at all times be less than or equal to the applicable Warrant
      Exercise Price. If at any time the Company does not have a sufficient number
      of
      shares of Common Stock authorized and available, then the Company shall call
      and
      hold a special meeting of its stockholders within sixty (60) days of that
      time for the sole purpose of increasing the number of authorized shares of
      Common Stock.

     

    
      
        
        

      

      
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    (d) If
      at any
      time after the date hereof the Company shall file a registration statement,
      the
      Company shall include the Warrant Shares issuable to the holder, pursuant to
      the
      terms of this Warrant and shall maintain, so long as any other shares of Common
      Stock shall be so listed, such listing of all Warrant Shares from time to time
      issuable upon the exercise of this Warrant; and the Company shall so list on
      each national securities exchange or automated quotation system, as the case
      may
      be, and shall maintain such listing of, any other shares of capital stock of
      the
      Company issuable upon the exercise of this Warrant if and so long as any shares
      of the same class shall be listed on such national securities exchange or
      automated quotation system.

     

    (e) The
      Company will not, by amendment of its Articles 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 to be observed or performed by
      it
      hereunder, but will at all times in good faith assist in the carrying out of
      all
      the provisions of this Warrant and in the taking of all such action as may
      reasonably be requested by the holder of this Warrant in order to protect the
      exercise privilege of the holder of this Warrant against dilution or other
      impairment, consistent with the tenor and purpose of this Warrant. The Company
      will not increase the par value of any shares of Common Stock receivable upon
      the exercise of this Warrant above the Warrant Exercise Price then in effect,
      and (ii) will take all such actions as may be necessary or appropriate in
      order that the Company may validly and legally issue fully paid and
      nonassessable shares of Common Stock upon the exercise of this
      Warrant.

     

    (f) This
      Warrant will be binding upon any entity succeeding to the Company by merger,
      consolidation or acquisition of all or substantially all of the Company’s
      assets.

     

    Section
      4. Taxes.
      The
      Company shall pay any and all taxes, except any applicable withholding, which
      may be payable with respect to the issuance and delivery of Warrant Shares
      upon
      exercise of this Warrant.

     

    Section
      5. Warrant
      Holder Not Deemed a Stockholder.
      Except
      as otherwise specifically provided herein, no holder, as such, of this Warrant
      shall be entitled to vote or receive dividends or be deemed the holder of shares
      of capital stock of the Company for any purpose, nor shall anything contained
      in
      this Warrant be construed to confer upon the holder hereof, as such, any of
      the
      rights of a stockholder of the Company or any right to vote, give or withhold
      consent to any corporate action (whether any reorganization, issue of stock,
      reclassification of stock, consolidation, merger, conveyance or otherwise),
      receive notice of meetings, receive dividends or subscription rights, or
      otherwise, prior to the issuance to the holder of this Warrant of the Warrant
      Shares which he or she is then entitled to receive upon the due exercise of
      this
      Warrant. In addition, nothing contained in this Warrant shall be construed
      as
      imposing any liabilities on such holder to purchase any securities (upon
      exercise of this Warrant or otherwise) or as a stockholder of the Company,
      whether such liabilities are asserted by the Company or by creditors of the
      Company. Notwithstanding this Section 5, the Company will provide the holder
      of
      this Warrant with copies of the same notices and other information given to
      the
      stockholders of the Company generally, contemporaneously with the giving thereof
      to the stockholders.

    
      
        
        

      

      
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    Section
      6. Representations
      of Holder.
      The
      holder of this Warrant, by the acceptance hereof, represents that it is
      acquiring this Warrant and the Warrant Shares for its own account for investment
      only and not with a view towards, or for resale in connection with, the public
      sale or distribution of this Warrant or the Warrant Shares, except pursuant
      to
      sales registered or exempted under the Securities Act; provided, however, that
      by making the representations herein, the holder does not agree to hold this
      Warrant or any of the Warrant Shares for any minimum or other specific term
      and
      reserves the right to dispose of this Warrant and the Warrant Shares at any
      time
      in accordance with or pursuant to a registration statement or an exemption
      under
      the Securities Act. The holder of this Warrant further represents, by acceptance
      hereof, that, as of this date, such holder is an “accredited investor” as such
      term is defined in Rule 501(a)(1) of Regulation D promulgated by the
      Securities and Exchange Commission under the Securities Act (an “Accredited
      Investor”).
      Upon
      exercise of this Warrant the holder shall, if requested by the Company, confirm
      in writing, in a form satisfactory to the Company, that the Warrant Shares
      so
      purchased are being acquired solely for the holder’s own account and not as a
      nominee for any other party, for investment, and not with a view toward
      distribution or resale and that such holder is an Accredited Investor. If such
      holder cannot make such representations because they would be factually
      incorrect, it shall be a condition to such holder’s exercise of this Warrant
      that the Company receive such other representations as the Company considers
      reasonably necessary to assure the Company that the issuance of its securities
      upon exercise of this Warrant shall not violate any United States or state
      securities laws.

     

    Section
      7. Ownership
      and Transfer.

     

    (a) The
      Company shall maintain at its principal executive offices (or such other office
      or agency of the Company as it may designate by notice to the holder hereof),
      a
      register for this Warrant, in which the Company shall record the name and
      address of the person in whose name this Warrant has been issued, as well as
      the
      name and address of each transferee. The Company may treat the person in whose
      name any Warrant is registered on the register as the owner and holder thereof
      for all purposes, notwithstanding any notice to the contrary, but in all events
      recognizing any transfers made in accordance with the terms of this
      Warrant.

     

    Section
      8. Adjustment
      of Warrant Exercise Price and Number of Shares.
      The
      Warrant Exercise Price and the number of shares of Common Stock issuable upon
      exercise of this Warrant shall be adjusted from time to time as
      follows:

     

    (a) Adjustment
      of Warrant Exercise Price and Number of Shares upon Issuance of Common
      Stock.
      If and
      whenever on or after the Issuance Date of this Warrant, the Company issues
      or
      sells, or is deemed to have issued or sold, any shares of Common
      Stock (other
      than (i) Excluded Securities,
      (ii)
      shares of Common Stock which are issued or deemed to have been issued by the
      Company in connection with an Approved Stock Plan, (iii) the Other Securities,
      or (iv) any shares of Common Stock and/or preferred stock of the Company which
      are issued by the Company in accordance with the Letter Agreement) for a
      consideration per share less than a price (the “Applicable
      Price”)
      equal
      to the Warrant Exercise Price in effect immediately prior to such issuance
      or
      sale, then immediately after such issue or sale the Warrant Exercise Price
      then
      in effect shall be reduced to an amount equal to such consideration per share.
      Upon each such adjustment of the Warrant Exercise Price hereunder, the number
      of
      Warrant Shares issuable upon exercise of this Warrant shall be adjusted to
      the
      number of shares determined by multiplying the Warrant Exercise Price in effect
      immediately prior to such adjustment by the number of Warrant Shares issuable
      upon exercise of this Warrant immediately prior to such adjustment and dividing
      the product thereof by the Warrant Exercise Price resulting from such
      adjustment.

     

    
      
        
        

      

      
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    (b) Effect
      on Warrant Exercise Price of Certain Events.
      For
      purposes of determining the adjusted Warrant Exercise Price under Section 8(a)
      above, the following shall be applicable:

     

    (i) Issuance
      of Options.
      If
      after the date hereof, the Company in any manner grants any Options and the
      lowest price per share for which one share of Common Stock is issuable upon
      the
      exercise of any such Option or upon conversion or exchange of any convertible
      securities issuable upon exercise of any such Option is less than the Applicable
      Price, then such share of Common Stock shall be deemed to be outstanding and
      to
      have been issued and sold by the Company at the time of the granting or sale
      of
      such Option for such price per share. For purposes of this Section 8(b)(i),
      the
      lowest price per share for which one share of Common Stock is issuable upon
      exercise of such Options or upon conversion or exchange of such Convertible
      Securities shall be equal to the sum of the lowest amounts of consideration
      (if
      any) received or receivable by the Company with respect to any one share of
      Common Stock upon the granting or sale of the Option, upon exercise of the
      Option or upon conversion or exchange of any convertible security issuable
      upon
      exercise of such Option. No further adjustment of the Warrant Exercise Price
      shall be made upon the actual issuance of such Common Stock or of such
      convertible securities upon the exercise of such Options or upon the actual
      issuance of such Common Stock upon conversion or exchange of such convertible
      securities.

     

    (ii) Issuance
      of Convertible Securities.
      If the
      Company in any manner issues or sells any convertible securities, except for
      any
      shares of preferred stock of the Company which are issued in accordance with
      the
      Letter Agreement, and the lowest price per share for which one share of Common
      Stock is issuable upon the conversion or exchange thereof is less than the
      Applicable Price, then such share of Common Stock shall be deemed to be
      outstanding and to have been issued and sold by the Company at the time of
      the
      issuance or sale of such convertible securities for such price per share. For
      the purposes of this Section 8(b)(ii), the lowest price per share for which
      one share of Common Stock is issuable upon such conversion or exchange shall
      be
      equal to the sum of the lowest amounts of consideration (if any) received or
      receivable by the Company with respect to one share of Common Stock upon the
      issuance or sale of the convertible security and upon conversion or exchange
      of
      such convertible security. No further adjustment of the Warrant Exercise Price
      shall be made upon the actual issuance of such Common Stock upon conversion
      or
      exchange of such convertible securities, and if any such issue or sale of such
      convertible securities is made upon exercise of any Options for which adjustment
      of the Warrant Exercise Price had been or are to be made pursuant to other
      provisions of this Section 8(b), no further adjustment of the Warrant Exercise
      Price shall be made by reason of such issue or sale. 

     

    (iii) Change
      in Option Price or Rate of Conversion.
      If the
      purchase price provided for in any Options, the additional consideration, if
      any, payable upon the issue, conversion or exchange of any convertible
      securities, or the rate at which any convertible securities are convertible
      into
      or exchangeable for Common Stock changes at any time, the Warrant Exercise
      Price
      in effect at the time of such change shall be adjusted to the Warrant Exercise
      Price which would have been in effect at such time had such Options or
      convertible securities provided for such changed purchase price, additional
      consideration or changed conversion rate, as the case may be, at the time
      initially granted, issued or sold and the number of Warrant Shares issuable
      upon
      exercise of this Warrant shall be correspondingly readjusted. For purposes
      of
      this Section 8(b)(iii), if the terms of any Option or convertible security
      that
      was outstanding as of the Issuance Date of this Warrant are changed in the
      manner described in the immediately preceding sentence, then such Option or
      convertible security and the Common Stock deemed issuable upon exercise,
      conversion or exchange thereof shall be deemed to have been issued as of the
      date of such change. No adjustment pursuant to this Section 8(b) shall be
      made if such adjustment would result in an increase of the Warrant Exercise
      Price then in effect.

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (c) Effect
      on Warrant Exercise Price of Certain Events.
      For
      purposes of determining the adjusted Warrant Exercise Price under
      Sections 8(a) and 8(b), the following shall be applicable:

     

    (i) Calculation
      of Consideration Received.
      If any
      Common Stock, Options or convertible securities are issued or sold or deemed
      to
      have been issued or sold for cash, the consideration received therefore will
      be
      deemed to be the net amount received by the Company therefore. If any Common
      Stock, Options or convertible securities are issued or sold for a consideration
      other than cash, the amount of such consideration received by the Company will
      be the fair value of such consideration, except where such consideration
      consists of marketable securities, in which case the amount of consideration
      received by the Company will be the market price of such securities on the
      date
      of receipt of such securities. If any Common Stock, Options or convertible
      securities are issued to the owners of the non-surviving entity in connection
      with any merger in which the Company is the surviving entity, the amount of
      consideration therefore will be deemed to be the fair value of such portion
      of
      the net assets and business of the non-surviving entity as is attributable
      to
      such Common Stock, Options or convertible securities, as the case may be. The
      fair value of any consideration other than cash or securities will be determined
      jointly by the Company and the holders of Warrants representing at least
      two-thirds (b) of the Warrant Shares issuable upon exercise of the Warrants
      then
      outstanding. If such parties are unable to reach agreement within ten (10)
      days after the occurrence of an event requiring valuation (the “Valuation
      Event”),
      the
      fair value of such consideration will be determined within five (5) Business
      Days after the tenth (10th)
      day
      following the Valuation Event by an independent, reputable appraiser jointly
      selected by the Company and the holders of Warrants representing at least
      two-thirds (b) of the Warrant Shares issuable upon exercise of the Warrants
      then
      outstanding. The determination of such appraiser shall be final and binding
      upon
      all parties and the fees and expenses of such appraiser shall be borne jointly
      by the Company and the holders of Warrants.

     

    (ii) Integrated
      Transactions.
      In case
      any Option is issued in connection with the issue or sale of other securities
      of
      the Company, together comprising one integrated transaction in which no specific
      consideration is allocated to such Options by the parties thereto, the Options
      will be deemed to have been issued for a consideration of $.01.

     

    (iii) Treasury
      Shares.
      The
      number of shares of Common Stock outstanding at any given time does not include
      shares owned or held by or for the account of the Company, and the disposition
      of any shares so owned or held will be considered an issue or sale of Common
      Stock.

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (iv) Record
      Date.
      If the
      Company takes a record of the holders of Common Stock for the purpose of
      entitling them (1) to receive a dividend or other distribution payable in
      Common Stock, Options or in convertible securities or (2) to subscribe for
      or purchase Common Stock, Options or convertible securities, then such record
      date will be deemed to be the date of the issue or sale of the shares of Common
      Stock deemed to have been issued or sold upon the declaration of such dividend
      or the making of such other distribution or the date of the granting of such
      right of subscription or purchase, as the case may be.

     

    (d) Adjustment
      of Warrant Exercise Price upon Subdivision or Combination of Common
      Stock.
      If the
      Company at any time after the date of issuance of this Warrant subdivides (by
      any stock split, stock dividend, recapitalization or otherwise) one or more
      classes of its outstanding shares of Common Stock into a greater number of
      shares, any Warrant Exercise Price in effect immediately prior to such
      subdivision will be proportionately reduced and the number of shares of Common
      Stock obtainable upon exercise of this Warrant will be proportionately
      increased. If the Company at any time after the date of issuance of this Warrant
      combines (by combination, reverse stock split or otherwise) one or more classes
      of its outstanding shares of Common Stock into a smaller number of shares,
      any
      Warrant Exercise Price in effect immediately prior to such combination will
      be
      proportionately increased and the number of Warrant Shares issuable upon
      exercise of this Warrant will be proportionately decreased. Any adjustment
      under
      this Section 8(d) shall become effective at the close of business on the
      date the subdivision or combination becomes effective.

     

    (e) Distribution
      of Assets.
      If the
      Company shall declare or make any dividend or other distribution of its assets
      (or rights to acquire its assets) to holders of Common Stock, by way of return
      of capital or otherwise (including, without limitation, any distribution of
      cash, stock or other securities, property or options by way of a dividend,
      spin
      off, reclassification, corporate rearrangement or other similar transaction)
      (a
“Distribution”),
      at
      any time after the issuance of this Warrant, then, in each such
      case:

     

    (i) any
      Warrant Exercise Price in effect immediately prior to the close of business
      on
      the record date fixed for the determination of holders of Common Stock
      entitled to
      receive the Distribution shall be reduced, effective as of the close of business
      on such record date, to a price determined by multiplying such Warrant Exercise
      Price by a fraction of which (A) the numerator shall be the Closing Sale Price
      of the Common Stock on the trading day immediately preceding such record date
      minus the value of the Distribution (as determined in good faith by the
      Company’s Board of Directors) applicable to one share of Common Stock, and (B)
      the denominator shall be the Closing Sale Price of the Common Stock on the
      trading day immediately preceding such record date; and

     

    (ii) either
      (A) the number of Warrant Shares obtainable upon exercise of this Warrant shall
      be increased to a number of shares equal to the number of shares of Common
      Stock
      obtainable immediately prior to the close of business on the record date fixed
      for the determination of holders of Common Stock entitled to receive the
      Distribution multiplied by the reciprocal of the fraction set forth in the
      immediately preceding clause (i), or (B) in the event that the Distribution
      is
      of common stock of a company whose common stock is traded on a national
      securities exchange or a national automated quotation system, then the holder
      of
      this Warrant shall receive an additional warrant to purchase Common Stock,
      the
      terms of which shall be identical to those of this Warrant, except that such
      warrant shall be exercisable into the amount of the assets that would have
      been
      payable to the holder of this Warrant pursuant to the Distribution had the
      holder exercised this Warrant immediately prior to such record date and with
      an
      exercise price equal to the amount by which the exercise price of this Warrant
      was decreased with respect to the Distribution pursuant to the terms of the
      immediately preceding clause (i).

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    (f) Certain
      Events.
      If any
      event occurs of the type contemplated by the provisions of this Section 8
      but not expressly provided for by such provisions (including, without
      limitation, the granting of stock appreciation rights, phantom stock rights
      or
      other rights with equity features), then the Company’s Board of Directors will
      make an appropriate adjustment in the Warrant Exercise Price and the number
      of
      shares of Common Stock obtainable upon exercise of this Warrant so as to protect
      the rights of the holders of the Warrants; provided, except as set forth in
      section 8(d),that no such adjustment pursuant to this Section 8(f) will increase
      the Warrant Exercise Price or decrease the number of shares of Common Stock
      obtainable as otherwise determined pursuant to this Section 8.

     

    (g) Notices.

     

    (i) Immediately
      upon any adjustment of the Warrant Exercise Price, the Company will give written
      notice thereof to the holder of this Warrant, setting forth in reasonable
      detail, and certifying, the calculation of such adjustment.

     

    (ii) The
      Company will give written notice to the holder of this Warrant at least ten
      (10)
      days prior to the date on which the Company closes its books or takes a record
      (A) with respect to any dividend or distribution upon the Common Stock,
      (B) with respect to any pro rata subscription offer to holders of Common
      Stock or (C) for determining rights to vote with respect to any Organic
      Change (as defined below), dissolution or liquidation, provided that such
      information shall be made known to the public prior to or in conjunction with
      such notice being provided to such holder.

     

    (iii) The
      Company will also give written notice to the holder of this Warrant at least
      ten
      (10) days prior to the date on which any Organic Change, dissolution or
      liquidation will take place, provided that such information shall be made known
      to the public prior to or in conjunction with such notice being provided to
      such
      holder.

     

    Section
      9. Purchase
      Rights; Reorganization, Reclassification, Consolidation, Merger or
      Sale.

     

    (a) In
      addition to any adjustments pursuant to Section 8 above, if at any time the
      Company grants, issues or sells any Options, Convertible Securities or rights
      to
      purchase stock, warrants, securities or other property pro rata to the record
      holders of any class of Common Stock (the “Purchase
      Rights”),
      then
      the holder of this Warrant will be entitled to acquire, upon the terms
      applicable to such Purchase Rights, the aggregate Purchase Rights which such
      holder could have acquired if such holder had held the number of shares of
      Common Stock acquirable upon complete exercise of this Warrant immediately
      before the date on which a record is taken for the grant, issuance or sale
      of
      such Purchase Rights, or, if no such record is taken, the date as of which
      the
      record holders of Common Stock are to be determined for the grant, issue or
      sale
      of such Purchase Rights.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    (b) Any
      recapitalization, reorganization, reclassification, consolidation, merger,
      sale
      of all or substantially all of the Company’s assets to another Person or other
      transaction in each case which is effected in such a way that holders of Common
      Stock are entitled to receive (either directly or upon subsequent liquidation)
      stock, securities or assets with respect to or in exchange for Common Stock
      is
      referred to herein as an “Organic
      Change.”
Prior
      to the consummation of any (i) sale of all or substantially all of the Company’s
      assets to an acquiring Person or (ii) other Organic Change following which
      the
      Company is not a surviving entity, the Company will secure from the Person
      purchasing such assets or the successor resulting from such Organic Change
      (in
      each case, the “Acquiring
      Entity”)
      a
      written agreement (in form and substance satisfactory to the holders of Warrants
      representing at least two-thirds (iii) of the Warrant Shares issuable upon
      exercise of the Warrants then outstanding) to deliver to each holder of Warrants
      in exchange for such Warrants, a security of the Acquiring Entity evidenced
      by a
      written instrument substantially similar in form and substance to this Warrant
      and satisfactory to the holders of the Warrants (including an adjusted warrant
      exercise price equal to the value for the Common Stock reflected by the terms
      of
      such consolidation, merger or sale, and exercisable for a corresponding number
      of shares of Common Stock acquirable and receivable upon exercise of the
      Warrants without regard to any limitations on exercise, if the value so
      reflected is less than any Applicable Warrant Exercise Price immediately prior
      to such consolidation, merger or sale). Prior to the consummation of any other
      Organic Change, the Company shall make appropriate provision (in form and
      substance satisfactory to the holders of Warrants representing a
      majority of
      the
      Warrant Shares issuable upon exercise of the Warrants then outstanding) to
      insure that each of the holders of the Warrants will thereafter have the right
      to acquire and receive in lieu of or in addition to (as the case may be) the
      Warrant Shares immediately theretofore issuable and receivable upon the exercise
      of such holder’s Warrants (without regard to any limitations on exercise),
      such shares of stock, securities or assets that would have been issued or
      payable in such Organic Change with respect to or in exchange for the number
      of
      Warrant Shares which would have been issuable and receivable upon the exercise
      of such holder’s Warrant as of the date of such Organic Change (without taking
      into account any limitations or restrictions on the exercisability of this
      Warrant).

     

    Section
      10. Lost,
      Stolen, Mutilated or Destroyed Warrant.
      If this
      Warrant is lost, stolen, mutilated or destroyed, the Company shall promptly,
      on
      receipt of an indemnification undertaking (or, in the case of a mutilated
      Warrant, the Warrant), issue a new Warrant of like denomination and tenor as
      this Warrant so lost, stolen, mutilated or destroyed.

     

    Section
      11. Notice.
      Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Warrant must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally;
      (ii) upon receipt, when sent by facsimile (provided confirmation of receipt
      is received by the sending party transmission is mechanically or electronically
      generated and kept on file by the sending party); or (iii) one Business Day
      after deposit with a nationally recognized overnight delivery service, in each
      case properly addressed to the party to receive the same. The addresses and
      facsimile numbers for such communications shall be:

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
              If
                to Holder:

            	
              YA
                Global Investments, L.P. (f/k/a Cornell Capital Partners,
                L.P.)

            
	 	
              101
                Hudson Street - Suite 3700

            
	 	
              Jersey
                City, NJ 07302

            
	 	
              Attention: Mark
                A. Angelo

            
	 	
              Telephone: (201)
                985-8300

            
	 	
              Facsimile: (201)
                985-8266

            
	 	 
	 	 
	
              With
                Copy to:

            	
              David
                Gonzalez, Esq.

            
	 	
              101
                Hudson Street - Suite 3700

            
	 	
              Jersey
                City, NJ 07302

            
	 	
              Telephone: (201)
                985-8300

            
	 	
              Facsimile: (201)
                985-8266

            
	 	 
	 	 
	
              If
                to the Company, to:

            	
              Compliance
                Systems Corporation

            
	 	
              90
                Pratt Oval

            
	 	
              Glen
                Cove, NY 11542

            
	 	
              Attention:
                Dean Garfinkel, CEO

            
	 	 
	 	 
	
              With
                a copy to:

            	
              Kirkpatrick
                & Lockhart Nicholson Graham, LLP

            
	 	
              201
                South Biscayne Boulevard, Suite 2000

            
	 	
              Miami,
                Florida 33131

            
	 	
              Attention: Clayton
                E. Parker, Esquire

            
	 	
              Telephone: (305)
                539-3306 

            
	 	
              Facsimile: (305)
                358-7095 

            

    

    

    If
      to a
      holder of this Warrant, to it at the address and facsimile number set forth
      on
Exhibit C
      hereto,
      with copies to such holder’s representatives as set forth on Exhibit C,
      or at
      such other address and facsimile as shall be delivered to the Company upon
      the
      issuance or transfer of this Warrant. Each party shall provide five days’ prior
      written notice to the other party of any change in address or facsimile number.
      Written confirmation of receipt (A) given by the recipient of such notice,
      consent, facsimile, waiver or other communication, (or (B) provided by a
      nationally recognized overnight delivery service shall be rebuttable evidence
      of
      personal service, receipt by facsimile or receipt from a nationally recognized
      overnight delivery service in accordance with clause (i), (ii) or (iii) above,
      respectively.

     

    Section
      12. Date.
      The
      date of this Warrant is set forth on page 1 hereof. This Warrant, in all
      events, shall be wholly void and of no effect after the close of business on
      the
      Expiration Date, except that notwithstanding any other provisions hereof, the
      provisions of Section 8(b) shall continue in full force and effect after
      such date as to any Warrant Shares or other securities issued upon the exercise
      of this Warrant.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    Section
      13. Amendment
      and Waiver.
      Except
      as otherwise provided herein, the provisions of the Warrants may be amended
      and
      the Company may take any action herein prohibited, or omit to perform any act
      herein required to be performed by it, only if the Company has obtained the
      written consent of the holders of Warrants representing at least two-thirds
      of
      the Warrant Shares issuable upon exercise of the Warrants then outstanding;
      provided that, except for Section 8(d), no such action may increase the Warrant
      Exercise Price or decrease the number of shares or class of stock obtainable
      upon exercise of any Warrant without the written consent of the holder of such
      Warrant.

     

    Section
      14. Descriptive
      Headings; Governing Law.
      The
      descriptive headings of the several sections and paragraphs of this Warrant
      are
      inserted for convenience only and do not constitute a part of this Warrant.
      The
      corporate laws of the State of Nevada shall govern all issues concerning the
      relative rights of the Company and its stockholders. All other questions
      concerning the construction, validity, enforcement and interpretation of this
      Agreement shall be governed by the internal laws of the State of New Jersey,
      without giving effect to any choice of law or conflict of law provision or
      rule
      (whether of the State of New Jersey or any other jurisdictions) that would
      cause
      the application of the laws of any jurisdictions other than the State of New
      Jersey. Each party hereby irrevocably submits to the exclusive jurisdiction
      of
      the state and federal courts sitting in Hudson County and the United States
      District Court for the District of New Jersey, for the adjudication of any
      dispute hereunder or in connection herewith or therewith, or with any
      transaction contemplated hereby or discussed herein, and hereby irrevocably
      waives, and agrees not to assert in any suit, action or proceeding, any claim
      that it is not personally subject to the jurisdiction of any such court, that
      such suit, action or proceeding is brought in an inconvenient forum or that
      the
      venue of such suit, action or proceeding is improper. Each party hereby
      irrevocably waives personal service of process and consents to process being
      served in any such suit, action or proceeding by mailing a copy thereof to
      such
      party at the address for such notices to it under this Agreement and agrees
      that
      such service shall constitute good and sufficient service of process and notice
      thereof. Nothing contained herein shall be deemed to limit in any way any right
      to serve process in any manner permitted by law. 

     

    Section
      15. Waiver
      of Jury Trial.
      AS
      A MATERIAL INDUCEMENT FOR EACH PARTY HERETO TO ENTER INTO THIS WARRANT, THE
      PARTIES HERETO HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
      RELATED IN ANY WAY TO THIS WARRANT AND/OR ANY AND ALL OF THE OTHER DOCUMENTS
      ASSOCIATED WITH THIS TRANSACTION.

     

    

    REMAINDER
      OF PAGE INTENTIONALLY LEFT BLANK

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Warrant to be signed as of the date first set forth
      above.

     

    
      	 	
              COMPLIANCE
                SYSTEMS CORPORATION

            
	 	 
	 	
              By:      

            
	 	
              Name: Dean
                Garfinkel

            
	 	
              Title: Chief
                Executive Officer

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A TO WARRANT

     

    EXERCISE
      NOTICE

     

    TO
      BE EXECUTED 

    BY
      THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

     

    COMPLIANCE
      SYSTEMS CORPORATION

     

    The
      undersigned holder hereby exercises the right to purchase ______________ of
      the
      shares of Common Stock (“Warrant
      Shares”)
      of
      Compliance Systems Corporation (the “Company”),
      evidenced by the attached Warrant (the “Warrant”).
      Capitalized terms used herein and not otherwise defined shall have the
      respective meanings set forth in the Warrant.

     

    Specify
      Method of exercise by check mark:

     

    1.
      ___ Cash
      Exercise

     

    (a)
      Payment
      of Warrant Exercise Price.
      The
      holder shall pay the Aggregate Exercise Price of $______________ to the Company
      in accordance with the terms of the Warrant. 

     

    (b)
      Delivery
      of Warrant Shares.
      The
      Company shall deliver to the holder _________
      Warrant
      Shares in accordance with the terms of the Warrant. 

     

    

     

    2.
      ___ Cashless
      Exercise

     

    (a)
      Payment
      of Warrant Exercise Price.
      In lieu
      of making payment of the Aggregate Exercise Price, the holder elects to receive
      upon such exercise the Net Number of shares of Common Stock determined in
      accordance with the terms of the Warrant. 

     

    (b)
      Delivery
      of Warrant Shares.
      The
      Company shall deliver to the holder _________
      Warrant
      Shares in accordance with the terms of the Warrant. 

     

    

    Date:
      _______________ __, ______

    

    Name
      of
      Registered Holder

    

    By:    
      _______________  

    Name:_______________   

    Title: 
      _______________   

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B TO WARRANT

     

    FORM
      OF WARRANT POWER

     

    FOR
      VALUE RECEIVED,
      the
      undersigned does hereby assign and transfer to ________________, Federal
      Identification No. __________, a warrant to purchase ____________ shares of
      the capital stock of Compliance Systems Corporation represented by warrant
      certificate no. _____, standing in the name of the undersigned on the books
      of said corporation. The undersigned does hereby irrevocably constitute and
      appoint ______________, attorney to transfer the warrants of said corporation,
      with full power of substitution in the premises.

     

    
      	
              Dated:      

            	                    
	 	 
	 	
              By:                          

            
	 	
              Name:                     

            
	 	
              Title:                        

            
	 	 

    

     

    
      
        
        

      

      
        18Exhibit
        10.1

       

      LLC
        INTERESTS PURCHASE AGREEMENT

      

      BY
        AND AMONG 

      

      COLLEXIS
        HOLDINGS, INC., 

      

      LAWRITER,
        INC.,

      

      LAWRITER
        LLC,

      

      OSBA.COM
        LLC,

      

      AND

      

      INSTITUTE
        OF LEGAL PUBLISHING, INC. (f/k/a Lawriter Corporation)

      

      ET
        AL.

      

      Dated
        as
        of February 1, 2008

      

      
        
          
          

        

        
          Page
            1

          
            

          

        

        
          
          

        

      

       

      LLC
        INTERESTS PURCHASE AGREEMENT

       

      THIS
        LLC INTERESTS PURCHASE AGREEMENT
        (this
“Agreement”)
        is
        entered into as of February 1, 2008 (the “Effective
        Date”)
        by and
        among Collexis Holdings, Inc., a Nevada corporation (“Collexis”),
        Lawriter,
        Inc.,
        a
        Nevada corporation and wholly-owned Subsidiary of Collexis (“Acquisition
        Sub”
and,
        together with Collexis, “Buyer”),
        Lawriter LLC, an Ohio limited liability company (“Lawriter”),
        OSBA.COM LLC, an Ohio limited liability company (“OSBA”),
        and
        Institute of Legal Publishing, Inc. (f/k/a Lawriter Corporation), an Ohio
        corporation (“Lawcorp”
and,
        collectively with OSBA, “Members”
or
        “Sellers”).
        Buyer, Lawriter, and Sellers are referred to collectively herein as the
“Parties.”
For
        purposes of Sections 6, 8, 9 and 11 of this Agreement only, Joseph W. Shea,
        III
        (“Shea”),
        Denny
        L. Ramey (“Ramey”)
        and
        the Association shall be added as parties (hereinafter, individually, the
        “Ancillary Party,” and collectively the “Ancillary Parties”).

       

      WHEREAS,
        Members
        in the aggregate own all of the limited liability company interests of Lawriter;
        and

       

      WHEREAS,
        Buyer
        desires to purchase from Members, and Members desire to sell to Buyer, all
        of
        the issued and outstanding limited liability company interests of Lawriter
        in
        return for cash and certain other consideration described herein.

       

      NOW,
        THEREFORE,
        in
        consideration of the representations, warranties, and covenants herein
        contained, the Parties agree as follows.

       

      SECTION
        1. DEFINITIONS.

       

      “Acquisition
        Taxes”
shall
        have the meaning ascribed thereto in Section 8 of this Agreement.

       

      “Additional
        Analytical Publications”
shall
        mean books or treatises now or hereafter published by Shea or his
        Affiliates.

       

      “Additional
        Content”
has
        the
        meaning set forth in Section 6(h) below.

       

      “Adverse
        Consequences”
means
        all actions, suits, proceedings, hearings, investigations, charges, complaints,
        claims, demands, injunctions, judgments, orders, decrees, rulings, damages,
        dues, penalties, fines, costs, reasonable amounts paid in settlement,
        liabilities, obligations, taxes, liens, losses, expenses, and fees, including
        court costs and reasonable attorneys’ fees and expenses.

       

      “Affiliate”
has
        the
        meaning set forth in Rule 12b-2 of the regulations promulgated under the
        Securities Exchange Act.

       

      “Affiliated
        Group”
means
        any affiliated group within the meaning of Code Section 1504(a) or any similar
        group defined under a similar provision of state, local, or foreign
        law.

       

      “Association”
means
        the Ohio State Bar Association.

       

      “Bankruptcy
        Law Handbook”
shall
        mean that certain book which is a treatise on bankruptcy law.

       

      
        
          
          

        

        
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            2

          
            

          

        

        
          
          

        

      

       

      “Business
        Reps”
has
        the
        meaning set forth in Section 8 below.

       

      “Buyer”
has
        the
        meaning set forth in the preface above.

       

      “Cap”
has
        the
        meaning set forth in Section 8 below.

       

      “Cincinnati
        Court Index Press” shall
        mean that certain news publication that is the law publication of the Hamilton
        County Courts in the State of Ohio.

       

      “Closing”
has
        the
        meaning set forth in Section 2(c) below.

       

      “Closing
        Date”
has
        the
        meaning set forth in 2(c) below.

       

      “COBRA”
means
        the requirements of Part 6 of Subtitle B of Title I of ERISA and Code Section
        4980B and of any similar state law.

       

      “Code”
means
        the Internal Revenue Code of 1986, as amended.

       

      “Collexis
        Products”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Confidential
        Information”
has
        the
        meaning set forth in Section 6.

       

      “Consortium
        Capital Contribution”
has
        the
        meaning set forth in Schedule 2(b)(ii)(C) below as to each Consortium
        License.

       

      “Consortium
        Licenses”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Consortium
        Net Profit”
has
        the
        meaning set forth in Section 2(b) below (also referred to by the Parties
        as the
“Piece of the Rock Payments”).

       

      “Consortium
        Party”
shall
        mean a party to a Consortium License other than Lawriter.

       

      “Controlled
        Group”
has
        the
        meaning set forth in Code Section 1563.

       

      “Core
        Rep”
has
        the
        meaning set forth in Section 8 below.

       

      “Deductible”
has
        the
        meaning set forth in Section 8 below.

       

      “Disclosure
        Schedule”
has
        the
        meaning set forth in Section 4 below.

       

      “Earnout”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Earnout
        Percentage”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Earnout
        Period”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Earnout
        Start Date”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Employee
        Benefit Plan”
means
        any “employee benefit plan” (as such term is defined in

       

      
        
          
          

        

        
          Page
            3

          
            

          

        

        
          
          

        

      

       

      ERISA
        Section 3(3)) and any other employee benefit plan, program or arrangement
        of any
        kind.

       

      “Employee
        Pension Benefit Plan”
has
        the
        meaning set forth in ERISA Section 3(2).

       

      “Employee
        Welfare Benefit Plan”
has
        the
        meaning set forth in ERISA Section 3(1).

       

      “Encumbrances”
shall
        mean any and all indebtedness, liabilities, encumbrances, liens, obligations,
        restrictions, or claims against or relating to Lawriter or all or any part
        of
        its assets, including the Lawriter and Casemaker trademarks, known or unknown,
        contingent or liquidated, and such other indebtedness, liabilities,
        encumbrances, liens, obligations, restrictions, or claims (contractual or
        otherwise) as may relate thereto.

       

      “Environmental,
        Health, and Safety Requirements”
means
        all federal, state, local, and foreign statutes, regulations, ordinances,
        and
        similar provisions having the force or effect of law, all judicial and
        administrative orders and determinations, and all common law concerning public
        health and safety, worker health and safety, pollution, or protection of
        the
        environment, including all those relating to the presence, use, production,
        generation, handling, transportation, treatment, storage, disposal,
        distribution, labeling, testing, processing, discharge, release, threatened
        release, control, or cleanup of any hazardous materials, substances, or wastes,
        chemical substances, or mixtures, pesticides, pollutants, contaminants, toxic
        chemicals, petroleum products or byproducts, asbestos, polychlorinated
        biphenyls, noise, or radiation.

       

      “ERISA”
means
        the Employee Retirement Income Security Act of 1974, as amended.

       

      “ERISA
        Affiliate”
means
        each entity that is treated as a single employer with Lawriter for purposes
        of
        Code Section 414.

       

      “Escrow
        Agent”
means
        Escrow Associates, Inc.

       

      “Escrow
        Agreement”
means
        the Escrow Agreement attached hereto as Exhibit
        A.

       

      “Escrowed
        Materials”
has
        the
        meaning set forth in Section 6(h).

       

      “Financial
        Statements”
has
        the
        meaning set forth in Section 4(f) below.

       

      “Fixed
        Payment”
has
        the
        meaning set forth in Section 2(b) below.

       

      “GAAP”
means
        United States generally accepted accounting principles as in effect from
        time to
        time, consistently applied.

       

      “Georgia
        Courts”
has
        the
        meaning set forth in Section 11(h) below.

       

      “Georgia
        Law”
has
        the
        meaning set forth in Section 11(h) below.

       

      “Income
        Tax”
means
        any federal, state, local, or foreign income tax, including any interest,
        penalty, or addition thereto, whether disputed or not.

       

      “Income
        Tax Return”
means
        any return, declaration, report, claim for refund, or information return
        or
        statement relating to Income Taxes, including any schedule or attachment
        

       

      
        
          
          

        

        
          Page
            4

          
            

          

        

        
          
          

        

      

       

      thereto,
        and including any amendment thereof.

       

      “Indemnified
        Party”
has
        the
        meaning set forth in Section 8(d) below.

       

      “Indemnifying
        Party”
has
        the
        meaning set forth in Section 8(d) below.

       

      “Intellectual
        Property”
means
        all of the following in any jurisdiction throughout the world: (a) all
        inventions (whether patentable or unpatentable and whether or not reduced
        to
        practice), all improvements thereto, and all patents, patent applications,
        and
        patent disclosures, together with all reissuances, continuations,
        continuations-in-part, revisions, extensions, and reexaminations thereof,
        (b)
        all trademarks, service marks, trade dress, logos, slogans, trade names,
        corporate names, Internet domain names, and rights in telephone numbers,
        together with all translations, adaptations, derivations, and combinations
        thereof and including all goodwill associated therewith, and all applications,
        registrations, and renewals in connection therewith, (c) all copyrightable
        works, all copyrights, and all applications, registrations, and renewals
        in
        connection therewith, (d) all mask works and all applications, registrations,
        and renewals in connection therewith, (e) all trade secrets and confidential
        business information (including ideas, research and development, know-how,
        formulas, compositions, manufacturing and production processes and techniques,
        technical data, designs, drawings, specifications, customer and supplier
        lists,
        pricing and cost information, and business and marketing plans and proposals),
        (f) all computer software (including source code, executable code, data,
        databases, and related documentation), (g) all advertising and promotional
        materials, (h) all other proprietary rights, and (i) all copies and tangible
        embodiments thereof (in whatever form or medium).

       

      “Joint
        Venture Agreement”
shall
        have the meaning ascribed thereto in Section 4(m)(xi) of this
        Agreement.

      

      “Knowledge”
means,
        except as otherwise provided in this Agreement, actual knowledge after
        reasonable investigation. A Person (other than an individual) will be deemed
        to
        have “Knowledge” (as defined in this definition or otherwise in this Agreement)
        of a particular fact or other matter if any individual who is serving or
        has
        served as a member, director, officer, partner, executor, or trustee of such
        Person (or in any similar capacity) had Knowledge of such fact or other matter
        or any such Person who shall be serving in such capacity at the time “knowledge”
is to be determined, has knowledge as defined herein.

       

      “Lawcorp”
has
        the
        meaning set forth in the preface above.

       

      “Lawriter”
has
        the
        meaning set forth in the preface above.

       

      “Lawriter
        Interests”
means
        all of that right, title and interest held by a Person in Lawriter, including,
        without limitation, all voting rights, economic rights, capital interests
        and
        income interests therein.

       

      “Lawriter
        Operating Agreement”
means
        the Limited Liability Company Agreement of Lawriter, dated June 20, 2000,
        as
        amended.

       

      “Leased
        Real Property”
means
        all leasehold or subleasehold estates and other rights to use or occupy any
        land, buildings, structures, improvements, fixtures, or other interest in
        real
        property held by Lawriter.

       

      
        
          
          

        

        
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            5

          
            

          

        

        
          
          

        

      

       

      “Leases”
means
        all leases, subleases, licenses, concessions and other agreements (written
        or
        oral), including all amendments, extensions, renewals, guaranties, and other
        agreements with respect thereto, pursuant to which Lawriter holds any Leased
        Real Property.

       

      “Legal
        Research Services”
has
        the
        meaning set forth in Section 2(b) below.

       

      “License
        Agreement”
shall
        mean that certain agreement entered into by and between Lawriter and the
        Association as of the 20th day of June 2000, as amended by that certain
        amendment dated June 20, 2006, and the License Agreement Amendment.

       

      “License
        Agreement Amendment”
shall
        mean that certain amendment to the License Agreement and having such terms
        and
        conditions as are contemplated in this Agreement, a form of which is attached
        hereto and marked as Exhibit
        B.

       

      “Lien”
means
        any mortgage, pledge, lien, encumbrance, charge, or other security interest,
        other than (a) liens for taxes not yet due and payable or for taxes that
        the
        taxpayer is contesting in good faith through appropriate proceedings, (b)
        purchase money liens and liens securing rental payments under capital lease
        arrangements, and (c) other liens arising in the Ordinary Course of Business
        and
        not incurred in connection with the borrowing of money.

       

      “Material
        Adverse Effect”
or
        “Material
        Adverse Change”
means
        any effect or change that would be (or could reasonably be expected to be)
        materially adverse to the business, assets, condition (financial or otherwise),
        operating results, operations, or business prospects of Lawriter, taken as
        a
        whole, excluding any effect or change arising out of either of the following:
        (a) any change or trend in the economy in general or generally in the industry
        in which Lawriter operates, or (b) this Agreement or the transactions
        contemplated by this Agreement.

       

      “Members”
has
        the
        meaning set forth in the preface above.

       

      “Most
        Recent Balance Sheet”
means
        the balance sheet contained within the Most Recent Financial
        Statements.

       

      “Most
        Recent Balance Sheet Date”
means
        the date of the Most Recent Balance Sheet.

       

      “Most
        Recent Financial Statements”
has
        the
        meaning set forth in Section 4(f) below.

       

      “Most
        Recent Fiscal Month End”
has
        the
        meaning set forth in Section 4(f) below.

       

      “Most
        Recent Fiscal Year End”
has
        the
        meaning set forth in Section 4(f) below.

       

      “Multiemployer
        Plan”
has
        the
        meaning set forth in ERISA Section 3(37).

       

      “Net
        Sales”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Net
        Taxes”
shall
        have the meaning ascribed thereto in Section 8 of this Agreement.

       

      “OATL
        Verdict Reporter”
shall
        mean that certain monthly publication of the Ohio Academy of Trial Lawyers
        that
        summarizes various verdicts and settlements.

       

      
        
          
          

        

        
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            6

          
            

          

        

        
          
          

        

      

       

      “Ohio
        Evidence Manual”
        means
        that certain book which is a treatise on the Ohio rules of evidence.

       

      “Ordinary
        Course of Business”
means
        the ordinary course of business consistent with past custom and practice
        (including with respect to quantity and frequency).

       

      “Original
        Database and Software”
has
        the
        meaning set forth in Section 4(l) below.

       

      “OSBA”
has
        the
        meaning set forth in the preface above.

       

      “OSBA
        Member”
shall
        have the meaning ascribed to the term “Member” in the License
        Agreement.

       

      “Parties”
has
        the
        meaning set forth in the preface above.

       

      “PBGC”
means
        the Pension Benefit Guaranty Corporation.

       

      “Person”
means
        an individual, a partnership, a corporation, a limited liability company,
        an
        association, a joint stock company, a trust, a joint venture, an unincorporated
        organization, any other business entity, or a governmental entity (or any
        department, agency, or political subdivision thereof).

       

      “Plan”
has
        the
        meaning set forth in Section 4(s) below.

       

      “Post-Closing
        Covenant”
shall
        mean any covenant or agreement made or given in Section 6 of this Agreement
        with
        respect to any act, action, refrain, limitation or other matter that is to
        occur
        following (as opposed to on or before) the Closing. 

       

      “Pre-Closing
        Tax Period”
has
        the
        meaning set forth in Section 9(a) below.

       

      “Proprietary Information”
has
        the
        meaning set forth in Section 6(d) below.

       

      “Purchase
        Price”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Ramey”
shall
        have the meaning ascribed thereto in the preface above.

       

      “Receiving
        Party”
shall
        have the meaning ascribed thereto in Section 6(d).

       

      “Regulatory
        Rep”
has
        the
        meaning set forth in Section 8 below.

       

      “Representatives”
has
        the
        meaning set forth in Section 6(d) below.

       

      “Restricted
        Territory”
shall
        mean the territory defined as the United States of America and its several
        territories.

       

      “Scheduled
        Payment”
shall
        have the meaning ascribed thereto in Section 2(b)(i)(B)(3) of this
        Agreement.

       

      “Securities
        Act”
means
        the Securities Act of 1933, as amended.

       

      
        
          
          

        

        
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            7

          
            

          

        

        
          
          

        

      

       

      “Securities
        Exchange Act”
means
        the Securities Exchange Act of 1934, as amended.

       

      “Security
        Agreement”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Sellers”
has
        the
        meaning set forth in the preface above.

       

      “Service”
means
        the Casemaker® online legal research service made available to a Consortium
        Party pursuant to its respective Consortium License and to the Association
        pursuant to the License Agreement.

       

      “Shea”
shall
        have the meaning ascribed thereto in the preface above.

       

      “Shea
        Carveout”
means,
        collectively (i) the Ohio Evidence Manual, (ii) the Bankruptcy Law Handbook,
        (iii) the OATL Verdict Reporter, (iv) the Cincinnati Court Index Press, and
        (v)
        the Additional Analytical Publications.

       

      “Subsidiary”
means,
        with respect to any Person, any corporation, limited liability company,
        partnership, association, or other business entity of which (i) if a
        corporation, a majority of the total voting power of shares of stock entitled
        (without regard to the occurrence of any contingency) to vote in the election
        of
        directors, managers, or trustees thereof is at the time owned or controlled,
        directly or indirectly, by that Person or one or more of the other Subsidiaries
        of that Person or a combination thereof or (ii) if a limited liability company,
        partnership, association, or other business entity (other than a corporation),
        a
        majority of the partnership or other similar ownership interests thereof
        is at
        the time owned or controlled, directly or indirectly, by that Person or one
        or
        more Subsidiaries of that Person or a combination thereof and for this purpose,
        a Person or Persons own a majority ownership interest in such a business
        entity
        (other than a corporation) if such Person or Persons shall be allocated a
        majority of such business entity’s gains or losses or shall be or control any
        managing director or general partner of such business entity (other than
        a
        corporation). The term “Subsidiary”
shall
        include all Subsidiaries of such Subsidiary.

       

      “Successor
        Business”
has
        the
        meaning set forth in Section 2(b) below.

       

      “Tax”
or
        “Taxes”
means
        any federal, state, local, or foreign income, gross receipts, license, payroll,
        employment, excise, severance, stamp, occupation, premium, windfall profits,
        environmental (including taxes under Code Section 59A), customs duties, capital
        stock, franchise, profits, withholding, social security (or similar),
        unemployment, disability, real property, personal property, sales, use,
        transfer, registration, value added, alternative or add-on minimum, estimated,
        or other tax of any kind whatsoever, including any interest, penalty, or
        addition thereto, whether disputed or not, and including any obligations
        to
        indemnify or otherwise assume or succeed to the Tax liability of any other
        Person.

       

      “Tax
        Return”
means
        any return, declaration, report, claim for refund, or information return
        or
        statement relating to Taxes, including any schedule or attachment thereto,
        and
        including any amendment thereof.

       

      “Third-Party
        Claim”
has
        the
        meaning set forth in Section 8(d) below.

       

      
        
          
          

        

        
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            8

          
            

          

        

        
          
          

        

      

       

      “Thunderstone
        Agreement”
has
        the
        meaning set forth in Section 6(j) below.

       

      “Thunderstone
        Obligation”
has
        the
        meaning set forth in Section 6(j) below.

       

      “Thunderstone
        Software”
has
        the
        meaning set forth in Section 6(j) below.

       

      “Trade
        Secrets”
has
        the
        meaning set forth in Section 6 below.

       

      “Triggering
        Event Fees”
has
        the
        meaning set forth in Schedule 2(b)(ii)(C) below as to each Consortium
        License.

       

      “Updated
        Content”
has
        the
        meaning set forth in Section 6(h) below.

       

      “Updated
        Thunderstone Software”
shall
        have the meaning ascribed thereto in Section 6(h) of this
        Agreement.

       

      WARN
        Act”
has
        the
        meaning set forth in Section 4(r) below.

       

      SECTION
        2. PURCHASE AND SALE OF LAWRITER INTERESTS.

       

      (a)
        Summary of Transaction.
        On and
        subject to the terms and conditions of this Agreement, Buyer agrees to purchase
        all of the Lawriter Interests from the Members and each Member agrees to
        sell,
        transfer and assign to Buyer all of its Lawriter Interest for the consideration
        specified below in this Section 2.

       

      (b)
        Purchase Price.
        As the
        sole and complete consideration for the Lawriter Interests, Buyer agrees
        to pay
        the following: (i) the Fixed Payment and (ii) the Earnout (if any), as follows
        (the Fixed Payment and the Earnout (if any) being referred to hereinafter
        collectively as the “Purchase
        Price”):

       

      (i)
        Fixed
        Payment.
        The
        Fixed Payment is Nine Million Dollars ($9,000,000) (the “Fixed
        Payment”),
        payable as follows:

      

      (A)
        OSBA
        Portion.
        One
        half of the Fixed Payment (or $4,500,000) shall be paid to OSBA as follows:
        

      

      (1)
        a
        cash payment of $1,125,000 at the Closing, by wire transfer of immediately
        available funds to such account designated by OSBA in writing at least one
        business day prior to the Closing Date; 

      

      (2)
        four
        cash payments of $313,750 each, for a total of $1,255,000, by wire transfer
        in
        immediately available funds to such account designated by OSBA in writing
        at
        least one business day prior to the applicable payment date, payable during
        the
        first year following the Closing respectively on the 3-month, 6-month, 9-month
        and 1-year anniversaries of the Closing Date; and 

      

      (3)
        either (y) crediting against the balance, 100% of the monthly fee that would
        otherwise be payable by the Association to Lawriter under the License Agreement
        for the Service for the sixty (60) months following the Closing (which equals
        a

       

      
        
          
          

        

        
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            9

          
            

          

        

        
          
          

        

      

       

      credit
        of
        approximately $424,000 per twelve month period or $2,120,000 in total);
provided,
        however,
        that the
        License Agreement Amendment shall extend the term of the License Agreement
        to
        accommodate such credit and to make such further changes as are described
        in
        Section 6(i) of this Agreement, or (z) paying all or any portion of such
        balance
        directly to OSBA on a monthly basis, in which case the Association would
        resume
        making payments to Lawriter under the License Agreement as would thereafter
        come
        due in the Ordinary Course of Business; provided, further,
        that
        with respect to the unpaid portion of the Fixed Payment, Buyer shall have
        the
        right to prepay all or any portion thereof.

      

      (B)
        Lawcorp
        Portion.
        One-half of the Fixed Payment (or $4,500,000) is to be paid to Lawcorp as
        follows:

      

      (1) a cash
        payment of Five Hundred Thousand Dollars ($500,000) at the Closing, by wire
        transfer in immediately available funds to such account designated by Lawcorp
        in
        writing at least one business day prior to the Closing Date;

      

      (2) Four
        Hundred Ninety Nine Thousand Nine Hundred and Ninety Nine Dollars and Fifty
        Cents ($499,999.50) in shares of Collexis common stock is to be paid at Closing,
        which for purposes hereof shall result in the subscription for and issuance
        of
        Six Hundred Sixty Six Thousand Six Hundred and Sixty Six (666,666) shares
        of
        Collexis common stock, based on an agreed value of seventy-five cents ($0.75)
        per share (the "Stock") pursuant to the Investor Letter (as defined below);
        provided,
        however,
        that
        Lawcorp shall have first completed Collexis’ Investor Letter, a copy of which
        form is attached hereto and marked as Exhibit
        2(b)(i)(B)(2)(the “Investor Letter”) [Collexis
        shall instruct its transfer agent to deliver to Lawcorp a certificate for
        the
        Stock promptly after Closing. Lawcorp and Collexis agree that the Stock shall
        be
“restricted securities” under Rule 144. Collexis represents and warrants that it
        has made as of the Closing and shall make thereafter all necessary filings
        with
        the SEC as required under the Securities Act of 1933 and to take such other
        actions as are reasonably requested by Lawcorp, including, without limitation,
        the issuance of legal opinions if required, so as to permit Lawcorp to sell
        the
        Stock in accordance with such Rule.]; and

      

      (3) Three
        Million Five Hundred Thousand Dollars and Fifty Cents ($3,500,000.50) to
        be paid
        in scheduled cash payments in the amounts and as of the dates as follows
        (collectively, the “Scheduled Payments”): (x) Five Hundred Thousand Dollars and
        Fifty Cents ($500,000.50), which amount is to be paid on or before the
        8th
        day of
        February 2008; and (z) Seven Hundred Fifty Thousand Dollars ($750,000) each
        upon
        and coincident with the first, second, third, and fourth anniversaries of
        the
        Closing; provided,
        however,
        that
        with respect to the Scheduled Payments, Buyer shall have the right to prepay
        all
        or any portion thereof, the obligation for which shall be secured by a pledge
        of
        Lawriter’s accounts receivables earned from the Consortium Licenses in the event
        of a default in the payment of any one of the installments payments to
        Lawcorp

       

      
        
          
          

        

        
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            10

          
            

          

        

        
          
          

        

      

       

      described
        under this Section 2(b)(i)(B)(2) and a first-priority lien on the Lawriter
        equipment pursuant to a Security Agreement in the form attached hereto as
        Exhibit
        E
        (the
“Security
        Agreement”)
        to
        secure such installment payments.

      

      (ii)
        Earnout.
        

      

      (A) 
        Earnout
        Defined. For purposes of this Section 2(b)(ii), “Earnout”
shall
        mean a lump sum cash payment equal to the product of the Earnout Percentage
        multiplied by Net Sales of the Successor Business during each calendar quarterly
        period within the Earnout Period, reduced by the Consortium Net Profits;
        provided,
        however,
        that in
        no event shall the aggregate of any or all such cash payments exceed Fifteen
        Million Dollars ($15,000,000). 

      

      (B) Payment.
        The Earnout shall be divided equally and paid on a prorata basis to each
        Member
        (in each case, by wire transfer in immediately available funds to such account
        designated by Lawcorp or OSBA, respectively, in writing at least one business
        day prior to the applicable payment date) within twenty (20) days following
        the
        end of such quarterly period to which it relates and adjusted in subsequent
        periods as necessary to reflect any changes in Net Sales as set forth in
        Buyer’s
        annual audited financial statements for the applicable fiscal period. The
        Earnout shall be paid with respect to Net Sales during the period beginning
        on
        the Earnout Start Date (as defined below) and ending on the last day of the
        60th
        calendar month thereafter (the “Earnout
        Period”),
        with
        the calculation for any part year period being determined on a pro
        rata
        monthly
        basis by Buyer’s auditors.

      

      (C) Additional
        Definitions. For purposes of the Earnout, the following phrases shall have
        the
        meaning ascribed thereto: (1) “Consortium
        Net Profits”
shall
        mean that amount as may become due to each Consortium Party (collectively,
        the
“Consortium
        Parties”)
        in
        accordance with its respective Consortium License as a result of the transaction
        contemplated in this Agreement, which for this purpose, each of the Members
        shall have provided on Schedule 2(b)(ii)(C)(1) its respective “Consortium
        Capital Contribution”
as
        of
        Closing and on a supplement to such Schedule its Triggering Event Fees not
        later
        than thirty (30) days following Closing; (2) “Consortium
        Licenses”
shall
        mean those agreements set forth under the heading “Consortium Licenses” in
        Section 4(m) of the Disclosure Schedule; (3) “Earnout
        Percentage”
means
        3.75% of Net Sales; provided,
        however,
        that if
        prior to the Earnout Start Date, Buyer (or any Affiliate thereof) does not
        acquire one or more USA legal content providers having aggregate annual Net
        Sales of at least One Million Dollars ($1,000,000), then the Earnout Percentage
        will be increased from 3.75% of Net Sales to 3.9% of Net Sales; provided,
        further,
        that
        such Earnout Percentage shall return to 3.75% as of the date of the acquisition
        by Buyer or any of its Affiliates of such a content provider or providers
        and
        thereafter for the remainder of the Earnout Period; (4) “Earnout
        Start Date”
means
        the first to occur of the following dates: (y) the first day of that calendar
        month on which the aggregate Net Sales of the Successor Business for each
        of the
        previous three consecutive calendar months following the Closing have been
        at
        least equal to $2,750,000, or (z) the first

       

      
        
          
          

        

        
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      day
        of
        the eighteenth month following Closing; (5) “Legal
        Research Services”
means
        the marketing, sales, licensing or other business undertaking relating to
        the
        online use (y) to any individual, business, or other entity (including, without
        limitation bar associations, law firms or lawyers) of the Escrowed Materials,
        and (z) to bar associations, law firms or lawyers of those other products
        and
        services that are described on that certain document labeled “The New Lawriter”
(a copy of which is attached hereto as Schedule 2(b)(ii)(C)(5)); (6)
“Net
        Sales”
means
        the gross revenues of the Successor Business from Legal Research Services,
        less
        returns, discounts, allowances, sales taxes, and bad debt reserves, all as
        determined in accordance with GAAP; provided,
        however,
        that in
        no event shall Net Sales include any such Successor Business revenue derived
        from Collexis Products; (7) “Collexis
        Products”
shall
        mean any product or service that does not constitute Legal Research Services,
        which products and services include, without limitation, transactions,
        e-discovery and customized solutions or any other products or services created,
        invented, developed or otherwise in-licensed by Buyer or any Affiliate thereof
        that do not constitute Legal Research Services; and (8) “Successor
        Business”
means
        Lawriter, Buyer or any Affiliate thereof.

      

      (D) With
        each
        quarterly Earnout payment, Buyer shall furnish to Sellers complete and detailed
        written information as to the Net Sales for such quarter and all other matters
        upon which the calculation of the amount of the payment was based. Not more
        than
        once per any twelve consecutive monthly period, Sellers shall have the right
        to
        jointly appoint an independent certified public accountant who may on Sellers’
behalf review at Sellers’ sole cost and expense Buyer’s books and records as and
        to the extent the same shall pertain to the Earnout to verify such information
        and the calculation of the Earnout payment amount and to speak with Buyer’s
        auditors with respect to the same; provided,
        however,
        that
        such rights shall lapse upon and coincident with the first anniversary of
        the
        last day of the Earnout Period; provided,
        further,
        that if
        the review conducted under this Section 2(b)(ii)(D) evidences that the Earnout
        payment made hereunder is underpaid by more than ten (10%) of the amount
        that
        should have been paid, then Buyer shall be obligated to reimburse Sellers
        for
        the expenses reasonably and actually incurred by Sellers for such annual
        review
        undertaken in connection therewith.

       

      (c)
        Closing.
        The
        closing of the transactions contemplated by this Agreement (the “Closing”)
        shall
        take place at the offices of Thompson Hine LLP, 10 West Broad Street, Suite
        700,
        Columbus, Ohio 43215, simultaneously with the execution of this Agreement,
        or
        such other location, date and time as the parties shall mutually agree (the
        “Closing
        Date”).

       

      (d)
        Deliveries
        at Closing. At
        the
        Closing, (i) Sellers will deliver to Buyer the various certificates,
        instruments, and documents referred to in Section 7(a) below, (ii) Buyer
        will
        deliver to Sellers the various certificates, instruments, and documents referred
        to in Section 7(b) below, (iii) if the Lawriter Interests are certificated,
        each
        Member will deliver to Buyer limited liability company certificates representing
        all of its Lawriter Interests, endorsed in blank or accompanied by duly executed
        assignment documents, and (iv) Buyer will deliver to each Member the
        consideration specified in Section 2(b) above to be paid at
        Closing.

       

      
        
          
          

        

        
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      (e)
        Withholding
        Rights; Deductions.
        Buyer
        shall be entitled to deduct and withhold from any payment to any Person under
        this Agreement or any related agreements such amounts as it is required to
        deduct and withhold with respect to the making of such payment or any other
        Tax
        withholding obligation with respect to the sale of the Lawriter Interests
        owed
        by such Person as of the Closing. To the extent that amounts are so withheld
        or
        deducted by the Buyer such withheld amounts shall be treated for all purposes
        of
        this Agreement as having been paid to such Person in respect of which such
        deduction and withholding was made by the Buyer. Buyer will pay over to the
        appropriate governmental entity amounts withheld under this clause.

       

      SECTION
        3. REPRESENTATIONS AND WARRANTIES CONCERNING TRANSACTION.

       

      (a)
        Sellers’ Representations and Warranties. Each
        Seller severally represents and warrants to Buyer that the statements contained
        in this Section 3(a) with respect to it, and each Seller jointly and severally
        represents and warrants to Buyer that the statements contained in this Section
        3(a) with respect to Lawriter, are true, correct and complete as of the date
        of
        this Agreement and will be true, correct and complete as of the Closing Date
        (as
        though made then and as though the Closing Date were substituted for the
        date of
        this Agreement throughout this Section 3(a)).

       

      (i)
        Organization
        of Members.
        Each
        Member is duly organized, validly existing, and in good standing under the
        laws
        of the jurisdiction of its incorporation or formation.

       

      (ii)
        Authorization
        of Transaction.
        Each
        Seller has full power and authority (including, as applicable, full corporate
        or
        other entity power and authority) to execute and deliver this Agreement and
        to
        perform its obligations hereunder. This Agreement constitutes the valid and
        legally binding obligation of each Seller, enforceable in accordance with
        its
        terms and conditions. Sellers need not give any notice to, make any filing
        with,
        or obtain any authorization, consent, or approval of any government or
        governmental agency in order to consummate the transactions contemplated
        by this
        Agreement. The execution, delivery and performance of this Agreement and
        all
        other agreements contemplated hereby and to which Seller is to be a party
        has
        been duly authorized by such Seller.

       

      (iii)
        Non-contravention.
        Neither
        the execution and delivery of this Agreement, nor the consummation of the
        transactions contemplated hereby, will (A) violate any constitution, statute,
        regulation, rule, injunction, judgment, order, decree, ruling, charge, or
        other
        restriction of any government, governmental agency, or court to which any
        Seller
        is subject or any provision of its charter, bylaws or other governing documents,
        (B) conflict with, result in a breach of, constitute a default under, result
        in
        the acceleration of, create in any party the right to accelerate, terminate,
        modify, or cancel, or require any notice under any agreement, contract, lease,
        license, instrument, or other arrangement to which any Seller is a party
        or by
        which it is bound or to which any of its assets are subject, or result in
        the
        imposition of any Lien upon any of its assets, or (C) result in the imposition
        or creation of a Lien upon or with respect to any Lawriter
        Interests.

       

      (iv)
        Brokers’
        Fees.
        Neither
        Lawriter nor any other Seller has any liability or obligation to pay any
        fees or
        commissions to any broker, finder, or agent with respect to the transactions
        contemplated by this Agreement.

       

      
        
          
          

        

        
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      (v)
        Lawriter
        Interests.
        Each
        Member holds of record and owns beneficially its respective 50% of the Lawriter
        Interests, free and clear of any restrictions on transfer, Taxes, Liens,
        options, warrants, purchase rights, contracts, commitments, equities, claims
        or
        demands (other than any of the foregoing arising under the Securities Act,
        state
        securities laws, the Joint Venture Agreement, or the Lawriter Operating
        Agreement). No Member is a party to any option, warrant, purchase right,
        or
        other contract or commitment (other than this Agreement, the Joint Venture
        Agreement, or the Lawriter Operating Agreement) that could require it to
        sell,
        transfer, or otherwise dispose of any limited liability company interest
        of
        Lawriter. No Member is a party to any voting trust, proxy, or other agreement
        or
        understanding with respect to the voting of any limited liability company
        interest of Lawriter other than the Lawriter Operating Agreement.
        Notwithstanding the foregoing, the Lawriter Operating Agreement shall be
        terminated upon and coincident with Closing.

       

      (vi)
        Piece
        of the Rock Payments.
        The
        Consortium Capital Contribution and Triggering Event Fees are equal to the
        amounts and the formula by which the corresponding “Piece of the Rock” payment
        due and owing under each of the respective Consortium Licenses are as reflected
        on Schedule 2(b)(ii)(C) as prepared for each respective Consortium Party
        and
        Consortium License referenced thereon. The “Piece of the Rock” payments required
        to be made under the Consortium Agreements in connection with the transaction
        contemplated in this Agreement are the only payments Lawriter is required
        to
        make to any Person in connection with the transactions contemplated by this
        Agreement.

       

      (b)
        Buyer’s Representations and Warranties. Buyer
        represents and warrants to Sellers that the statements contained in this
        Section
        3(b) are true, correct and complete as of the date of this Agreement and
        will be
        correct and complete as of the Closing Date (as though made then and as though
        the Closing Date were substituted for the date of this Agreement throughout
        this
        Section 3(b)).

       

      (i)
        Organization
        of Buyer.
        Each
        Buyer is a corporation duly organized, validly existing, and in good standing
        under the laws of the jurisdiction of its incorporation.

       

      (ii)
        Authorization
        of Transaction.
        Each
        Buyer has full power and authority (including full corporate or other entity
        power and authority) to execute and deliver this Agreement and to perform
        its
        obligations hereunder. This Agreement constitutes the valid and legally binding
        obligation of each Buyer, enforceable in accordance with its terms and
        conditions. Buyer need not give any notice to, make any filing with, or obtain
        any authorization, consent, or approval of any government or governmental
        agency
        in order to consummate the transactions contemplated by this Agreement. The
        execution, delivery and performance of this Agreement and all other agreements
        contemplated hereby have been duly authorized by each Buyer.

       

      (iii)
        Non-contravention.
        Neither
        the execution and delivery of this Agreement, nor the consummation of the
        transactions contemplated hereby, will (A) violate any constitution, statute,
        regulation, rule, injunction, judgment, order, decree, ruling, charge, or
        other
        restriction of any government, governmental agency, or court to which either
        Buyer is

       

      
        
          
          

        

        
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        subject
          or any provision of its charter, bylaws, or other governing documents or
          (B)
          conflict with, result in a breach of, constitute a default under, result
          in the
          acceleration of, create in any party the right to accelerate, terminate,
          modify,
          or cancel, or require any notice under any agreement, contract, lease,
          license,
          instrument, or other arrangement to which either Buyer is a party or by
          which it
          is bound or to which any of its assets are subject.

      

       

      (iv)
        Brokers’
        Fees.
        Buyer
        has no liability or obligation to pay any fees or commissions to any broker,
        finder, or agent with respect to the transactions contemplated by this
        Agreement.

       

      (v)
        Investment.
        Buyer is
        not acquiring the Lawriter Interests with a view to or for sale in connection
        with any distribution thereof within the meaning of the Securities
        Act.

       

      SECTION
        4. REPRESENTATIONS AND WARRANTIES CONCERNING LAWRITER. 
        Lawriter
        and each Seller jointly and severally represents and warrants to Buyer that
        the
        statements contained in this Section 4 are true, correct and complete as
        of the
        date of this Agreement and will be true, correct and complete as of the Closing
        Date (as though made then and as though the Closing Date were substituted
        for
        the date of this Agreement throughout this Section 4), except as set forth
        in
        the disclosure schedule delivered by Sellers to Buyer on the date hereof
        and
        initialed by the Parties (the “Disclosure
        Schedule”).
        The
        Disclosure Schedule will be arranged in paragraphs corresponding to the lettered
        and numbered paragraphs contained in this Section 4.

       

      (a)
        Organization, Qualification, and Corporate Power. Lawriter
        is a limited liability company duly organized, validly existing, and in good
        standing under the laws of the jurisdiction of its organization. Lawriter
        is
        duly qualified and authorized to conduct business and is in good standing
        under
        the laws of each jurisdiction where such qualification is required, except
        where
        the lack of such qualification would not have a Material Adverse Effect.
        Lawriter has full limited liability company power and authority to carry
        on the
        business in which it is engaged and all licenses, permits, and authorizations
        necessary to carry on the businesses in which it is engaged and to own and
        use
        the properties owned and used by it. Section 4(a) of the Disclosure Schedule
        lists the directors or managers and officers of Lawriter. Lawriter has delivered
        to Buyer correct and complete copies of the certificate of formation or other
        charter documents of Lawriter and the Lawriter Operating Agreement (in each
        case
        as amended to date). There are no agreements among Lawriter and its Members
        or
        among the Members relating to or otherwise governing the issues reflected
        in the
        Lawriter Operating Agreement other than the Joint Venture Agreement and the
        Lawriter Operating Agreement. The minute books (containing the records of
        meetings of the members, the board of directors or managers, and any committees
        of the board) of Lawriter are correct and complete. Lawriter is not in default
        under or in violation of any provision of its charter or the Lawriter Operating
        Agreement.

       

      (b)
        Capitalization. The
        entire authorized equity of Lawriter consists of limited liability company
        interests, of which each Member is both the record and beneficial owner of
        50%.
        All of the Lawriter Interests have been duly authorized, are validly issued,
        fully paid, and non-assessable. Except as may otherwise be provided in the
        Joint
        Venture Agreement or the Lawriter Operating Agreement (which Operating Agreement
        shall be terminated upon and

       

      
        
          
          

        

        
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      coincident
        with Closing), (i) there are no outstanding or authorized options, warrants,
        purchase rights, subscription rights, conversion rights, exchange rights,
        or
        other contracts or commitments that could require Lawriter to issue, sell,
        or
        otherwise cause to become outstanding any equity of Lawriter other than the
        Lawriter Interests held by the Members; (ii) there are no outstanding or
        authorized appreciation, phantom, profit participation, or similar rights
        with
        respect to Lawriter Interests; and (iii) there are no voting trusts, proxies,
        or
        other agreements or understandings with respect to the voting of the limited
        liability company interests of Lawriter. All offers or sales of securities
        of
        Lawriter have been made in accordance with applicable securities laws, including
        compliance with applicable exemptions under the Securities Act and applicable
        state securities laws.

       

      (c)
        Non-contravention. Lawriter
        is not required to give any notice to, make any filing with, or obtain any
        authorization, consent, waiver or approval of any government or governmental
        agency or other third party (except as may otherwise be provided in the Lawriter
        Operating Agreement, which agreement shall be terminated upon and coincident
        with Closing) in order for the Parties to consummate the transactions
        contemplated by this Agreement, except where the failure to give notice,
        to
        file, or to obtain any authorization, consent, waiver or approval would not
        have
        a Material Adverse Effect.

       

      (d)
        No
        Subsidiaries. Lawriter
        does not have any Subsidiaries or Affiliates other than Sellers.

       

      (e)
        Title to Assets.
        Lawriter
        has good and marketable title to, or a valid leasehold interest in, the
        properties and assets used by it, located on its premises, or otherwise shown
        on
        the Most Recent Balance Sheet or acquired after the date thereof, free and
        clear
        of all Liens or other Encumbrances, except for properties and assets disposed
        of
        in the Ordinary Course of Business since the date of the Most Recent Balance
        Sheet. Without limiting the generality of the foregoing, Lawriter has good
        and
        marketable title, free and clear of all Liens or other Encumbrances, to the
        assets listed on Schedule 4(e) as being owned by Lawriter, and as of the
        Closing
        Date, will have good and marketable title, free and clear of all Liens or
        other
        Encumbrances, to the federal registrations of the Lawriter and the Casemaker
        trademarks now being used by Lawriter in connection with its business. Neither
        Member holds, owns, claims or otherwise asserts any rights whatsoever to
        any
        property or right thereto used by Lawriter in the Ordinary Course of Business
        or
        otherwise owned by Lawriter.

       

      (f)  Financial
        Statements. Attached
        hereto as Exhibit C are the following financial statements (collectively
        the
“Financial
        Statements”):
        (i)
        compiled and reviewed consolidated balance sheets and profit and loss statements
        and changes in cash flow as of and for the fiscal year ended December 31,
        2006
        (the “Most
        Recent Fiscal Year End”)
        for
        Lawriter; and (ii) unaudited consolidated balance sheets and statements of
        income and expense (the “Most
        Recent Financial Statements”)
        for
        the month and interim period ended November 30, 2007 (the “Most
        Recent Fiscal Month End”)
        for
        Lawriter. The Financial Statements (including the notes thereto) are true,
        correct and complete, have been prepared in accordance with GAAP throughout
        the
        periods covered thereby and present fairly the financial condition of Lawriter
        as of such dates and the results of operations of Lawriter for such periods;
        provided,
        however,
        that
        the Most Recent Financial Statements are subject to normal year-end adjustments
        (which will not be material individually or in the aggregate) and lack footnotes
        and other presentation items.

       

      (g)
        Events Subsequent to Most Recent Fiscal Year End. Except
        as
        expressly set forth below

       

      
        
          
          

        

        
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      in
        this
        Subsection (g), since the Most Recent Fiscal Year End, there has not been
        any
        Material Adverse Change. Without limiting the generality of the foregoing,
        since
        that date:

       

      (i)
        Lawriter has not sold, leased, transferred, or assigned any assets, tangible
        or
        intangible, outside the Ordinary Course of Business;

       

      (ii)
        except as provided in Schedule 4(g)(A), (C), (D), (E), (F) and (G), Lawriter
        has
        not entered into any agreement, contract, lease, or license;

       

      (iii)
        except as provided in Schedule 4(g)(B), (C), (D), (E), (F) and (G), no party
        has
        accelerated, terminated, made material modifications to, or canceled any
        agreement, contract, lease, or license to which Lawriter is a party or by
        which
        it is bound;

       

      (iv)
        Lawriter has not imposed or suffered any Lien upon any of its assets, tangible
        or intangible;

       

      (v)
        Lawriter has not made any capital expenditures outside the Ordinary Course
        of
        Business;

       

      (vi)
        Lawriter has not made any capital investment in, or any loan to, any other
        Person outside the Ordinary Course of Business;

       

      (vii)
        Lawriter has not created, incurred, assumed, or guaranteed more than $10,000
        in
        aggregate indebtedness for borrowed money and capitalized lease
        obligations;

       

      (viii)
        Lawriter has not transferred, assigned, or granted any license or sublicense
        of
        any rights under or with respect to any Intellectual Property outside the
        Ordinary Course of Business;

       

      (ix)
        there has been no change made or authorized in the charter of Lawriter or
        the
        Lawriter Operating Agreement;

       

      (x)
        Lawriter has not issued, sold, or otherwise disposed of any limited liability
        company interests, or granted any options, warrants, or other rights to purchase
        or obtain (including upon conversion, exchange, or exercise) any such interests;
        

       

      (xi)
        Except as otherwise provided in Section 5(c) below, Lawriter has not declared,
        set aside, or paid any dividend or made any distribution with respect to
        its
        limited liability company interests (whether in cash or in kind) or redeemed,
        purchased, or otherwise acquired any of such interests;

       

      (xii)
        Lawriter has not experienced any damage, destruction, or loss (whether or
        not
        covered by insurance) to its property, normal wear and tear
        excepted;

       

      (xiii)
        except as provided in Schedule 4(g)(D) and (E), Lawriter has not made any
        loan
        to, or entered into any other transaction with, any of its directors, officers,
        or employees outside the Ordinary Course of Business;

       

      
        
          
          

        

        
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      (xiv)
        except as provided in Schedule 4(g)(F), Lawriter has not entered into or
        terminated any employment contract or collective bargaining agreement, written
        or oral, or modified the terms of any existing such contract or
        agreement;

       

      (xv)
        Lawriter has not granted any increase in the base compensation of any of
        its
        directors or managers, officers, or employees outside the Ordinary Course
        of
        Business;

       

      (xvi)
        Lawriter has not adopted, amended, modified, or terminated any bonus, profit
        sharing, incentive, severance, or other plan, contract, or commitment for
        the
        benefit of any of its directors or managers, officers, or employees (or taken
        any such action with respect to any other Employee Benefit Plan);

       

      (xvii)
        Lawriter has not made any other change in employment terms for any of its
        directors or managers, officers, or employees outside the Ordinary Course
        of
        Business;

       

      (xviii)
        Lawriter has not made any loans or advances of money; and

       

      (xix)
        Lawriter has not committed to any of the foregoing.

       

      (h)
        Undisclosed Liabilities. Lawriter
        does not have any liability (whether known or unknown, whether asserted or
        unasserted, whether absolute or contingent, whether accrued or unaccrued,
        whether liquidated or unliquidated, and whether due or to become due, including
        any liability for Taxes) of the type requiring financial statement disclosure,
        except for (i) liabilities set forth on the face of the Most Recent Balance
        Sheet (rather than in any notes thereto) and (ii) liabilities that have arisen
        after the Most Recent Fiscal Month End in the Ordinary Course of
        Business.

       

      (i)
        Legal Compliance. Lawriter
        has complied with all applicable laws (including rules, regulations, codes,
        plans, injunctions, judgments, orders, decrees, rulings, and charges thereunder
        and including the Foreign Corrupt Practices Act, 15 U.S.C. 78dd-1 et
        seq.)
        of
        federal, state, local, and foreign governments (and all agencies thereof),
        and
        no action, suit, proceeding, hearing, investigation, charge, complaint, claim,
        demand, or notice has been filed or commenced against it alleging any failure
        so
        to comply.

       

      (j)
        Tax
        Matters.

       

      (i)
        Lawriter has filed all federal Tax Returns and all state or other Tax Returns
        that it was required to file. All such Tax Returns as so filed are true and
        correct in all material respects and disclose the true and correct distributable
        net income of the members thereof for the periods covered thereby. All Taxes
        due
        and owing by Lawriter (whether or not shown on any Tax Return) have been
        paid.
        Lawriter is not currently the beneficiary of any extension of time within
        which
        to file any Tax Return. There are no Liens for Taxes (other than Taxes not
        yet
        due and payable) upon any of the assets of Lawriter. Lawriter has withheld
        and
        paid all Taxes required to have been withheld and paid in connection with
        amounts paid or owing to any employee, independent contractor, creditor,
        member,
        or other third party, and all Forms W-2 and 1099 required with respect thereto
        have been properly completed and timely filed.

       

      (ii)
        There is no dispute or claim concerning any Tax liability of Lawriter
        either

       

      
        
          
          

        

        
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      (A) claimed
        or raised by any authority in writing or (B) as to which any of Sellers and
        the
        directors or managers or officers of Lawriter has Knowledge based upon personal
        contact with any agent of such authority.

       

      (iii)
        Section 4(j) of the Disclosure Schedule lists all federal, state, local,
        and
        foreign Tax Returns filed with respect to Lawriter for taxable periods ended
        on
        or after December 31, 2003, indicates those Tax Returns that have been audited,
        and indicates those Tax Returns that currently are the subject of audit.
        Sellers
        have delivered to Buyer correct and complete copies of all federal Income
        Tax
        Returns, examination reports, and statements of deficiencies assessed against,
        or agreed to by Lawriter on or since December 31, 2003. Lawriter has not
        waived
        any statute of limitations in respect of Taxes or agreed to any extension
        of
        time with respect to a Tax assessment or deficiency.

       

      (iv)
        The
        unpaid Taxes of Lawriter (A) did not, as of the Most Recent Fiscal Month
        End,
        exceed the reserve for Tax liability (rather than any reserve for deferred
        Taxes
        established to reflect timing differences between book and Tax income) set
        forth
        on the face of the Most Recent Balance Sheet (rather than in any notes thereto)
        and (B) for all periods prior to the Closing will not exceed that reserve
        as
        adjusted for operations and transactions through the Closing Date in accordance
        with the past custom and practice of Lawriter in filing its Tax
        Returns.

       

      (v)
        Lawriter will not be required to include any item of income in, or exclude
        any
        item of deduction from, its distributable net income for any taxable period
        (or
        portion thereof) ending after the Closing Date as a result of any:

       

      (A)
        change in method of accounting for a taxable period ending on or prior to
        the
        Closing Date;

       

      (B)
        “closing agreement” as described in Code Section 7121 (or any corresponding or
        similar provision of state, local or foreign income Tax law) executed on
        or
        prior to the Closing Date;

       

      (C)
        intercompany transactions or any excess loss account described in Treasury
        Regulations under Code Section 1502 (or any corresponding or similar provision
        of state, local or foreign income Tax law);

       

      (D)
        installment sale or open transaction disposition made on or prior to the
        Closing
        Date; or

       

      (E)
        prepaid amount received on or prior to the Closing Date.

       

      (k)
        Real
        Property.

       

      (i)
        Lawriter does not own any real property or any interest in leased property,
        except for the leaseholds created under the real property leases identified
        in
        clause (ii) below.

       

      (ii)
        Section 4(k)(ii) of the Disclosure Schedule sets forth the address of each
        parcel of Leased Real Property, and a true and complete description of all
        Leases for each such Leased Real Property (including the date and name of
        the
        parties to such Lease

       

      
        
          
          

        

        
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            19

          
            

          

        

        
          
          

        

      

       

      document)
        used in Lawriter’s business or with respect to which it otherwise has any
        obligation. Sellers have delivered to Buyer a true and complete copy of each
        such Lease document, including any amendments thereto. Except as set forth
        in
        Section 4(k)(ii) of the Disclosure Schedule, with respect to each of the
        Leases:

       

      (A)
        such
        Lease is legal, valid, binding, enforceable and in full force and
        effect;

       

      (B)
        the
        transactions contemplated by this Agreement do not require the consent of
        any
        other party to such Lease, will not result in a breach of or default under
        such
        Lease, and will not otherwise cause such Lease to cease to be legal, valid,
        binding, enforceable and in full force and effect on identical terms following
        the Closing;

       

      (C)
        Lawriter’s possession and quiet enjoyment of the Leased Real Property under such
        Lease has not been disturbed and there are no disputes with respect to such
        Lease;

       

      (D)
        neither Lawriter, nor any other party to the Lease is in breach of or default
        under such Lease, and no event has occurred or circumstance exists that,
        with
        the delivery of notice, the passage of time or both, would constitute such
        a
        breach or default, or permit the termination, modification or acceleration
        of
        rent under such Lease;

       

      (E)
        no
        security deposit or portion thereof deposited with respect to such Lease
        has
        been applied in respect of a breach of or default under such Lease that has
        not
        been redeposited in full;

       

      (F)
        Lawriter does not owe, nor will it owe in the future, any brokerage commissions
        or finder’s fees with respect to such Lease;

       

      (G)
        the
        other party to such Lease is not an affiliate of, and otherwise does not
        have
        any economic interest in, Lawriter;

       

      (H)
        Lawriter has not subleased, licensed or otherwise granted any Person the
        right
        to use or occupy the Leased Real Property or any portion thereof;
        and

       

      (I)
        Lawriter has not collaterally assigned or granted any other Lien in such
        Lease
        or any interest therein.

       

      (l)
        Intellectual Property.

       

      (i)
        Section 4(l)(i) of the Disclosure Schedule contains a listing of all materials
        included in the database made available in the Service and all computer software
        that is part of the operation of the Service (collectively, the “Original
        Database and Software”).

       

      (ii)
        Lawriter has not interfered with, infringed upon, misappropriated or violated
        any

       

      
        
          
          

        

        
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      Intellectual
        Property rights of third parties; and none of Sellers or the directors, members
        or officers of Lawriter has ever received any charge, complaint, claim, demand,
        or notice alleging any such interference, infringement, misappropriation,
        or
        violation (including any claim that Lawriter must license or refrain from
        using
        any Intellectual Property rights of any third party). To the Knowledge of
        Lawriter, Sellers, and the directors, members, or officers of Lawriter, no
        third
        party has interfered with, infringed upon, misappropriated, or violated any
        Intellectual Property rights of Lawriter (with, for purposes of this Section
        4(l)(ii), the definition of Knowledge to include knowledge that Lawriter,
        Sellers, or the directors, members, or officers of Lawriter reasonably could
        be
        expected to discover or otherwise become aware of in the Ordinary Course
        of
        Business or in the proper discharge of their obligations).

       

      (iii)
        Lawriter Owned & Out-Licensed IP. Section 4(l)(iii) of the Disclosure
        Schedule identifies each license, sublicense, agreement, or other permission
        that Lawriter has granted to any third party with respect to the Original
        Database and Software or any of its other Intellectual Property (together
        with
        any exceptions). Lawriter has no patents or registrations or applications
        with
        respect thereto, or any copyright registrations or applications with respect
        thereto. Lawriter has delivered to Buyer correct and complete copies of all
        such
        licenses, sublicenses, agreements, and permissions (as amended to date) which
        are in writing. Section 4(l)(iii) of the Disclosure Schedule also identifies
        each item of Intellectual Property not otherwise described in Subsection
        (iv)
        below (including, without limitation, trade names or unregistered trademarks,
        service marks, corporate names, Internet domain names, copyright and computer
        software items) which is used by Lawriter in connection with its business,
        owned
        by or to which rights are held by Lawriter, and the loss of use of which
        could
        have a Material Adverse Effect. With respect to each item of Intellectual
        Property required to be identified in Section 4(l)(iii) of the Disclosure
        Schedule:

       

      (A)
        Lawriter possess all right, title, and interest in and to the item, free
        and
        clear of any Lien, license, or other restriction;

       

      (B)
        the
        item is not subject to any outstanding injunction, judgment, order, decree,
        ruling, or charge;

       

      (C)
        no
        action, suit, proceeding, hearing, investigation, charge, complaint, claim,
        or
        demand is pending or is threatened that challenges the legality, validity,
        enforceability, use, or ownership of the item; and

       

      (D)
        Lawriter has not ever agreed to indemnify any Person for or against any
        interference, infringement, misappropriation, or other conflict with respect
        to
        the item.

       

      (iv)
        Third Party IP. Section 4(l)(iv) of the Disclosure Schedule identifies (A)
        any
        part of the Original Database and Software that any third party owns and
        that
        Lawriter uses in connection with its business; and (B) any item of Intellectual
        Property other than the Original Database and Software that any third party
        owns, that Lawriter uses, and that the loss of use of which could have a
        Material Adverse Effect. Sellers have delivered to

       

      
        
          
          

        

        
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      Buyer
        correct and complete copies of all such licenses, sublicenses, agreements,
        and
        permissions (as amended to date) pursuant to which any such use described
        under
        this Subsection is made or otherwise described on Section 4(l)(iv) of the
        Disclosure Schedule. With respect to each item of Intellectual Property required
        to be identified in Section 4(l)(iv) of the Disclosure Schedule:

       

      (A)
        the
        license, sublicense, agreement, or permission covering the item is legal,
        valid,
        binding, enforceable, and in full force and effect in all respects;

       

      (B)
        no
        party to the license, sublicense, agreement, or permission is in breach or
        default, and no event has occurred that with notice or lapse of time would
        constitute a breach or default or permit termination, modification, or
        acceleration thereunder;

       

      (C)
        no
        party to the license, sublicense, agreement, or permission has repudiated
        any
        provision thereof;

       

      (D)
        Lawriter has not granted any sublicense or similar right with respect to
        the
        license, sublicense, agreement, or permission; and

       

      (E)
        no
        loss or expiration of the item is threatened, pending, or reasonably
        foreseeable, except for patents expiring at the end of their statutory terms
        (and not as a result of any act or omission by Sellers, Lawriter, including
        a
        failure by Sellers or Lawriter to pay any required maintenance
        fees).

       

      
        	 	 	
                (v)
                  Lawriter owns or possesses or has the right to use (A) all of the
                  Original
                  Database and Software, and (B) all other Intellectual Property
                  used in or
                  as is necessary for the operation of its business as now being
                  conducted
                  and the loss of use of which could have a Material Adverse Effect.
                  Each
                  item of Intellectual Property owned or used by Lawriter immediately
                  prior
                  to the Closing will be owned or available for use by Lawriter on
                  identical
                  terms and conditions immediately subsequent to the Closing. Lawriter
                  has
                  taken all necessary and desirable action to maintain and protect
                  each item
                  of Intellectual Property that it owns or
                  uses.

              

      

       

      (vi)
        The
        foregoing representations and warranties, and all other applicable
        representations and warranties in this Section 4, shall encompass the federal
        registrations of the “Lawriter” and “Casemaker” trademarks being conveyed to
        Lawriter prior to Closing.

       

      (m)
        Contracts. Section
        4(m) of the Disclosure Schedule lists the following contracts and other
        agreements to which Lawriter is a party and pursuant to which either party
        thereto has any outstanding performance obligation thereunder on the date
        of
        this Agreement:

       

      (i)
        any
        agreement (or group of related agreements) for the lease of personal property
        to
        or from any Person providing for lease payments in excess of $10,000 per
        annum;

       

      (ii)
        any
        agreement (or group of related agreements) for the purchase or sale of raw
        materials, commodities, supplies, products, or other personal property, or
        for
        the furnishing or receipt of services, the performance of which will extend
        over
        a period of

       

      
        
          
          

        

        
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      more
        than
        one (1) year or involve consideration in excess of $10,000;

       

      (iii)
        any
        agreement concerning a partnership or joint venture;

       

      (iv)
        any
        agreement (or group of related agreements) under which it has created, incurred,
        assumed, or guaranteed any indebtedness for borrowed money, or any capitalized
        lease obligation, in excess of $10,000 or under which it has imposed a Lien
        on
        any of its assets, tangible or intangible;

       

      (v)
        any
        agreement concerning confidentiality or non-competition;

       

      (vi)
        the
        License Agreement;

       

      (vii)
        the
        Consortium Licenses;

       

      (viii)
        the Thunderstone Agreement;

       

      (ix)
        the
        Lawriter Operating Agreement;

       

      (x)
        the
        Trademark License Agreement;

       

      (xi)
        that
        certain Joint Venture Agreement, dated as of June 20, 2000, by and among
        the
        Association, OSBA, Shea and Lawcorp (the “Joint
        Venture Agreement”);

       

      (xii)
        any
        agreement for the employment of any individual on a full-time, part-time,
        consulting, or other basis providing annual compensation in excess of $10,000
        or
        providing severance benefits;

       

      (xiii)
        any agreement under which the consequences of a default or termination could
        have a Material Adverse Effect; or

       

      (xiv)
        any
        other agreement (or group of related agreements) the performance of which
        involves consideration in excess of $10,000.

       

      Sellers
        have delivered to Buyer a correct and complete copy of each written agreement
        listed in Section 4(m) of the Disclosure Schedule (as amended to date) and
        a
        written summary setting forth the terms and conditions of each oral agreement
        referred to in Section 4(m) of the Disclosure Schedule. With respect to each
        such agreement: (A) the agreement is legal, valid, binding, enforceable and
        in
        full force and effect, and the other party to such agreement has no right
        to
        modify or terminate the same as a result of the consummation of the transactions
        contemplated hereby; (B) to the Knowledge of Lawriter, Sellers, and the
        directors, managers, and officers of Lawriter, no party is in breach or default
        and no event has occurred that with notice or lapse of time would constitute
        a
        breach or default, or permit termination, modification, or acceleration,
        under
        the agreement; and (C) no party has repudiated any provision of the
        agreement.

       

      (n)
        Notes and Accounts Receivable. All
        notes
        and accounts receivable of Lawriter are reflected properly on its books and
        records, are valid receivables subject to no setoffs or

       

      
        
          
          

        

        
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      counterclaims,
        are current and collectible, and will be collected in accordance with their
        terms at their recorded amounts, subject only to the reserve for bad debts
        set
        forth on the face of the Most Recent Balance Sheet (rather than in any notes
        thereto) as adjusted for operations and transactions through the Closing
        Date in
        accordance with the past custom and practice of Lawriter.

       

      (o)
        Powers of Attorney. There
        are
        no outstanding powers of attorney executed on behalf of Lawriter.

       

      (p)
        Insurance.
        Section
        4(p) of the Disclosure Schedule sets forth the following information with
        respect to each insurance policy (including policies providing property,
        casualty, liability, and workers’ compensation coverage and bond and surety
        arrangements) with respect to which Lawriter is a party, a named insured,
        or
        otherwise the beneficiary of coverage:

       

      (i)
        the
        name, address, and telephone number of the agent;

       

      (ii)
        the
        name of the insurer, the name of the policyholder, and the name of each covered
        insured;

       

      (iii)
        the
        policy number and the period of coverage;

       

      (iv)
        the
        scope (including an indication of whether the coverage is on a claims made,
        occurrence, or other basis) and amount (including a description of how
        deductibles and ceilings are calculated and operate) of coverage;
        and

       

      (v)
        a
        description of any retroactive premium adjustments or other loss-sharing
        arrangements.

       

      (q)
        Litigation. Section
        4(q) of the Disclosure Schedule sets forth each instance in which Lawriter
        (i)
        is subject to any outstanding injunction, judgment, order, decree, ruling,
        or
        charge or (ii) is a party or, to the Knowledge of Lawriter, Sellers, or any
        director, manager, or officer of Lawriter, is threatened to be made a party
        to
        any action, suit, proceeding, hearing, or investigation of, in, or before
        (or
        that could come before) any court or quasi-judicial or administrative agency
        of
        any federal, state, local, or foreign jurisdiction or before (or that could
        come
        before) any arbitrator.

       

      (r)
        Employees. To
        the
        Knowledge of Lawriter, Sellers, or any director, manager, or officer of
        Lawriter, no executive, key employee or significant group of employees plans
        to
        terminate employment with Lawriter during the next twelve (12) months. Lawriter
        is not a party to or bound by any collective bargaining agreement, nor has
        it
        experienced any strike or grievance, claim of unfair labor practices, or
        other
        collective bargaining dispute within the past three (3) years. Lawriter has
        not
        committed any unfair labor practice. There are no organizational efforts
        presently being made or threatened by or on behalf of any labor union with
        respect to employees of Lawriter. Within the past three (3) years, Lawriter
        has
        not implemented any plant closing or layoff of employees that could implicate
        the Worker Adjustment and Retraining Notification Act of 1988, as amended,
        or
        any similar foreign, state, or local law, regulation, or ordinance
        (collectively, the “WARN
        Act”),
        and
        no such action will be implemented without advance notification to
        Buyer.

       

      
        
          
          

        

        
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      (s)
        Employee Benefits. Lawriter
        has no Employee Benefit Plans. Lawriter does not maintain, contribute to
        or have
        an obligation to contribute to, or have any liability or potential liability
        with respect to, any Employee Welfare Benefit Plan providing health or life
        insurance or other welfare-type benefits for current or future retired or
        terminated employees (or any spouse or other dependent thereof) of Lawriter
        other than in accordance with COBRA. Section 4(s) of the Disclosure Schedule
        lists each written agreement, contract, or other arrangement—whether or not an
        Employee Benefit Plan (collectively a “Plan”)—to
        which Lawriter is a party that is a “nonqualified deferred compensation plan”
subject to Code Section 409A. Each such Plan either (A) complies with the
        requirements of Code Section 409A(a)(2), (3), and (4) and any Internal Revenue
        Service guidance issued thereunder or (B) has been operated in good faith
        compliance with such requirements.

       

      (t)
        Guaranties. Lawriter
        is not a guarantor or otherwise is responsible for any liability or obligation
        (including indebtedness) of any other Person.

       

      (u)
        Business Continuity. The
        Service has not experienced bugs, failures, breakdowns, or continued substandard
        performance in the past twelve (12) months that has caused any substantial
        disruption or interruption in or to the use of the Service, except, however,
        that for not more than two separate occasions during that twenty-four
        consecutive monthly period prior to Closing the Service suffered interruption
        for not more than 24 hours.

       

      (v)
        Certain Business Relationships With Lawriter. None
        of
        Sellers, their Affiliates, Sellers’ directors, managers, officers and employees,
        and Lawriter’s directors, managers, officers, employees, and Members has been
        involved in any business arrangement or relationship with Lawriter within
        the
        past twelve (12) months, and none of the Sellers, their Affiliates, Sellers’
directors, managers, officers, employees, members and shareholders and
        Lawriter’s directors, managers, officers, employees, and Members owns any asset,
        tangible or intangible, that is used in the business of Lawriter, except
        for the
        Casemaker and the Lawriter trademarks which shall be transferred to Lawriter
        prior to the Closing.

       

      (w)
        Disclosure.
        None
        of
        the representations or warranties made by any Seller in this Agreement, nor
        any
        statement made in any Schedule or any certificate, instrument or document
        furnished by any Seller pursuant to this Agreement, when taken together,
        contains any untrue statement of a material fact, or omits to state any material
        fact necessary in order to make the statements and information contained
        herein
        or therein, in the light of the circumstances under which they were made,
        not
        misleading.

       

      SECTION
        5. PRE-CLOSING COVENANTS. The
        Parties agree as follows with respect to the period between the execution
        of
        this Agreement and the Closing:

       

      (a)
        General.
        Each
        of
        the Parties will use his or its best efforts to take all action and to do
        all
        things necessary, proper, or advisable in order to consummate and make effective
        the transactions contemplated by this Agreement (including satisfaction,
        but not
        waiver, of the Closing conditions set forth in Section 7 below).

       

      (b)
        Notices and Consents. Each
        of
        the Parties will give any notices to, make any filings with, and use its
        or his
        best efforts to obtain any authorizations, consents, and approvals of
        governments and governmental agencies in connection with the matters referred
        to
        in Section

       

      
        
          
          

        

        
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      3(a)(ii),
        Section 3(b)(ii), and Section 4(c) above.

       

      (c)
        Operation of Business. Lawriter
        shall not engage in any practice, take any action, or enter into any transaction
        outside the Ordinary Course of Business. Without limiting the generality
        of the
        foregoing, Lawriter shall not declare, set aside, or pay any dividend or
        make
        any distribution with respect to, or redeem, purchase, or otherwise acquire,
        any
        of its limited liability company interests, provided,
        however,
        that
        Lawriter may, prior to Closing, distribute on such terms and conditions as
        Members shall agree (i) all accounts receivable and cash and cash equivalents
        on
        hand immediately prior to Closing in excess of that which is (A) equal to
        a pro
        rata portion of the monthly revenues of Lawriter for that portion of the
        calendar month remaining from and after the date of Closing, and (B) required
        to
        pay Lawriter’s payroll obligations and other payables existing on the
        Closing, and
        (ii)
        the Texas Bar Association promissory note, so long as any such distribution
        does
        not result in a default thereof. In the event that, after the Closing, Lawriter
        receives payment with respect to any accounts receivable distributed to the
        Members prior to the Closing or any payment with respect to the Texas Bar
        Association promissory note, Buyer shall cause Lawriter to promptly remit
        the
        same to the Members on a prorata basis thereof.

       

      (d)
        Preservation of Business. Lawriter
        shall keep its business and properties substantially intact, including their
        present operations, physical facilities, working conditions, insurance policies,
        and relationships with lessors, licensors, suppliers, customers, and
        employees.

       

      (e)
        Audit/Full Access; Confidentiality. Lawriter
        shall permit representatives of Buyer (including legal counsel and accountants)
        to have full access at all reasonable times, and in a manner so as not to
        interfere with the normal business operations of Lawriter, to all premises,
        properties, personnel, books, records (including tax records), contracts,
        and
        documents of or pertaining to Lawriter or its business. Each Party and its
        Representatives shall keep all Proprietary Information of the other Parties
        confidential and shall make no use of such Proprietary Information for any
        purpose other than in connection with the transactions contemplated by this
        Agreement. In the event this Agreement is terminated, each Party shall promptly
        return to the other Parties all Proprietary Information of the other Parties
        then in its possession.

       

      (f)
        Notice of Developments. Sellers
        or Lawriter, as applicable, will give prompt written notice to Buyer of any
        development causing a breach of any of the representations and warranties
        in
        Section 4 above. Each Party will give prompt written notice to the others
        of any
        development causing a breach of any of its own representations and warranties
        in
        Section 3 above. No disclosure by any Party pursuant to this Section 5(f),
        however, shall be deemed to amend or supplement the Disclosure Schedule or
        to
        prevent or cure any misrepresentation, breach of warranty, or breach of
        covenant.

       

      (g)
        Exclusivity. No
        Seller
        will (and Sellers shall not cause or permit Lawriter to) (i) solicit, initiate,
        or encourage the submission of any proposal or offer from any Person other
        than
        Buyer relating to the acquisition of any limited liability company interests
        or
        other voting securities, or any substantial portion of the assets, of Lawriter
        (including any acquisition structured as a merger, consolidation, or
        interests/share exchange), or (ii) participate in any discussions or
        negotiations regarding, furnish any information with respect to, assist or
        participate in, or facilitate in any other manner any effort or attempt by
        any
        Person other than Buyer to do or seek

       

      
        
          
          

        

        
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      any
        of
        the foregoing. No Seller will vote his, her, or its Lawriter Interests in
        favor
        of any such acquisition. Sellers will notify Buyer immediately if any Person
        makes any proposal, offer, inquiry or contact with respect to any of the
        foregoing.

       

      (h)
        Leases. Lawriter
        will not cause or permit any Lease to be amended, modified, extended, renewed
        or
        terminated, nor shall Lawriter enter into any new lease, sublease, license
        or
        other agreement for the use or occupancy of any Leased Real Property, without
        the prior written consent of Buyer.

       

      (i)
        Tax
        Matters. Without
        the prior written consent of Buyer, Lawriter shall not make or change any
        election, change an annual accounting period, adopt or change any accounting
        method, file any amended Tax Return, enter into any closing agreement, settle
        any Tax claim or assessment relating to Lawriter, surrender any right to
        claim a
        refund of Taxes, consent to any extension or waiver of the limitation period
        applicable to any Tax claim or assessment relating to Lawriter, or take any
        other similar action relating to the filing of any Tax Return or the payment
        of
        any Tax, if such election, adoption, change, amendment, agreement, settlement,
        surrender, consent or other action would have the effect of increasing the
        Tax
        liability of Lawriter for any period ending after the Closing Date or decreasing
        any Tax attribute of Lawriter existing on the Closing Date.

       

      SECTION
        6 POST-CLOSING COVENANTS.
        Each of
        the Parties and, where so expressly stated, the Ancillary Parties, agrees
        as
        follows with respect to the period following the Closing:

       

      (a)
        General. In
        case
        at any time after the Closing any further actions are necessary to carry
        out the
        purposes of this Agreement, each of the Parties and Ancillary Parties will
        take
        such further actions (including the execution and delivery of such further
        instruments and documents) as any other Party may reasonably request, all
        at the
        sole cost and expense of the requesting Party (unless the requesting Party
        is
        entitled to indemnification therefor under Section 8 below). Sellers and
        Lawriter acknowledge and agree that from and after the Closing Buyer will
        be
        entitled to possession of all documents, books, records (including tax records),
        agreements, and financial data of any sort relating to Lawriter, its business
        and assets; provided,
        however,
        that
        Sellers shall be entitled to retain or to receive copies of all such documents
        and financial data and to use the same to fulfill their obligations under
        this
        Agreement or in connection with the termination of their ownership of Lawriter;
        provided,
        further,
        that in
        no event shall Sellers have any right whatsoever to retain under this Section
        all or any part of the Escrowed Materials; and provided,
        further,
        that
        any and all such documents and data shall constitute the Proprietary Information
        of Lawriter and as a consequence thereof, shall be subject to the terms and
        conditions of Section 6(d) below. 

       

      (b)
        Litigation Support. In
        the
        event and for so long as any Party actively is contesting or defending against
        any action, suit, proceeding, hearing, investigation, charge, complaint,
        claim,
        or demand in connection with (i) any transaction contemplated under this
        Agreement or (ii) any fact, situation, circumstance, status, condition,
        activity, practice, plan, occurrence, event, incident, action, failure to
        act,
        or transaction on or prior to the Closing Date involving Lawriter, each of
        the
        other Parties and Ancillary Parties will cooperate with it and its counsel
        in
        the contest or defense, make available its personnel, and provide such testimony
        and access to his or its

       

      
        
          
          

        

        
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      books
        and
        records as shall be necessary in connection with the contest or defense,
        all at
        the sole cost and expense of the contesting or defending Party (unless the
        contesting or defending Party is entitled to indemnification therefor under
        Section 8 below).

       

      (c)
        Transition. Until
        the
        expiration of the Restrictive Period (as defined in Section 6(e)(1) below),
        neither Seller nor any Affiliate thereof or any Ancillary Party shall take
        any
        action that is designed or intended to have the effect of discouraging any
        lessor, licensor, customer, supplier, or other business associate of Lawriter
        from maintaining the same business relationships with Lawriter after the
        Closing
        as it maintained with Lawriter prior to the Closing.

       

      (d)
        Confidentiality. 

       

      (i)
        As
        used in this Agreement, the term “Proprietary Information”
means,
        with respect to any Person, collectively all Trade Secrets and Confidential
        Information (each as defined below), whether written or oral, furnished (whether
        before or after the date hereof) or otherwise made available by such Person
        or
        its owners, members, partners, directors, managers, officers, employees,
        Affiliates, representatives (including its financial advisors, attorneys
        and
        accountants) or agents (collectively, “Representatives”)
        to any
        other Person or its Representatives, and all analyses, compilations, forecasts,
        studies, notes or other documents prepared by such other Person or its
        Representatives in connection with the transactions contemplated by this
        Agreement or which contain or reflect any such information; provided,
        however,
        that
        the term “Proprietary Information” shall not include information that (A) is or
        becomes publicly available other than as a result of a disclosure by any
        Person
        or its Representatives in violation of this Agreement, or (B) is or becomes
        available to such other Person on a non-confidential basis from a source
        that is
        not prohibited from disclosing such information by any legal, contractual
        or
        fiduciary obligation. 

       

      (ii)
        Sellers and each Affiliate thereof and each Ancillary Party (each a
“Receiving
        Party”)
        shall
        keep all Proprietary Information of Buyer and after the Closing of Lawriter
        confidential and shall not (except as required by applicable law, regulation
        or
        legal process, and then only after compliance with the last sentence of this
        Section) without the prior written consent of Buyer, disclose any such
        Proprietary Information in any manner whatsoever or use any such Proprietary
        Information for any purpose whatsoever except for the purposes expressly
        contemplated by this Agreement; provided,
        however,
        that a
        Receiving Party may reveal such Proprietary Information to its Representatives
        (A) who need to know such Proprietary Information for the purposes contemplated
        by this Agreement, (B) who are informed by such Seller of the confidential
        nature of the Proprietary Information, and (C) who agree to act in accordance
        with the terms of this Section. In the event that any Receiving Party or
        any of
        its Representatives is requested pursuant to, or required by, applicable
        law,
        regulation or legal process to disclose any such Proprietary Information,
        that
        Person must notify Buyer promptly so that it may seek a protective order
        or
        other appropriate remedy or, in its sole and absolute discretion, waive
        compliance with the terms of this Section. In any event, such Receiving Party
        may furnish only that portion of such Proprietary Information that it is
        advised
        by counsel is legally required and shall exercise all commercially reasonable
        efforts to obtain reliable assurance, to the extent it is possible to obtain
        the
        same, that confidential treatment will be afforded to such Proprietary
        Information. 

       

      (iii)
        Each Receiving Party recognizes and acknowledges that any breach of its
        covenants

       

      
        
          
          

        

        
          Page
            28

          
            

          

        

        
          
          

        

      

       

      in
        this
        Section will cause irreparable and material loss and damage to Buyer, the
        amount
        of which cannot be determined readily and as to which Buyer will not have
        an
        adequate remedy at law or in damages. Accordingly, in addition to any remedy
        Buyer may have in damages by an action at law, Buyer shall be entitled to
        the
        issuance of an injunction restraining any such breach or threatened breach
        or
        any other remedy at law or in equity for any such breach.

       

      (iv)
        For
        purposes hereof, “Trade
        Secrets”
means
        information of a Person or its Affiliates, without regard to form, which:
        (a) derives economic value, actual or potential, from not being generally
        known
        to, and not being readily ascertainable by proper means by, other Persons
        who
        can obtain economic value from its disclosure or use; and (b) is the subject
        of
        efforts that are reasonable under the circumstances to maintain its secrecy.
        “Confidential
        Information”
means
        any information of a Person or its Affiliates, other than Trade Secrets,
        that is
        of value to such Person or its Affiliates and not generally known to their
        competitors, including such information held by a court of competent
        jurisdiction not to rise to the level of a Trade Secret under applicable
        law.

       

      (e)
        Covenant
        Not to Compete.

       

      (1)
        Each
        Seller and Ancillary Party acknowledges and agrees that as a mutual and
        fundamental aspect of the deal, and as a condition to the respective obligations
        of the parties at the Closing, and as a material and substantial inducement
        to
        the Buyer to enter into and perform its obligations hereunder and in
        consideration of the payments and other consideration to be received by the
        Sellers under this Agreement, such Seller and Affiliate thereof and Ancillary
        Party shall not, without the prior written consent of the Buyer, at any time
        during the period beginning on the Closing Date and ending on the third
        (3rd)
        anniversary of the last day of the Earnout Period (the “Restrictive
        Period”),
        (i)
        directly or indirectly engage in, represent in any way, or be connected with,
        the Competing Business within the Restricted Territory,
        whether
        such engagement shall be as a director, a manager, an officer, an owner,
        an
        employee, a partner, an Affiliate or other participant in such Competing
        Business, (ii) assist any other Person in engaging in the Competing Business
        in
        the manner described in clause (i) above, (iii) induce or solicit any employee
        of the Buyer or any of its Subsidiaries or other Affiliates at any time during
        the Restrictive Period to terminate their employment with the Buyer or any
        of
        its Subsidiaries or other Affiliates, or to engage in the Competing Business,
        or
        (iv) induce or solicit any customer, vendor or agent or any other Person
        with
        which the Buyer or any or its Subsidiaries or other Affiliates has a business
        relationship, contractual or otherwise, at any time during the Restrictive
        Period to terminate or alter such business relationship. This covenant is
        considered an integral part of this Agreement. The foregoing restriction
        shall
        not apply to the ownership of publicly traded securities that represent less
        than five percent (5%) of the ownership interests of the issuer. 

      

      (2)
        As
        used herein, the term “Competing
        Business”
means
        any business engaged, in whole or in part, in the provision of Legal Research
        Services; provided,
        however,
        that:

      

      
        	 	
                (i)
                  

              	
                the
                  Association may distribute, in hardcopy or online, its OSBA Report
                  (commonly known as the Green Book), Ohio Lawyer, Bar Leader Memo,
                  section
                  or committee newsletters, or other publications sponsored or endorsed
                  by
                  the Association so long as any such materials or data, whether
                  together or
                  separately, do not result in the 

              

      

       

      
        
          
          

        

        
          Page
            29

          
            

          

        

        
          
          

        

      

       

      
        	 	 	aggregation
                of content or create a database that would significantly compete
                with the
                Legal Research Services and in any event is not marketed for sale
                to
                Persons who are not OSBA Members or do not do business in
                Ohio;

      

      

      
        	 	
                (ii)

              	
                The
                  Association may make available to its members any online legal
                  information
                  service at any time after expiration, termination, or cancellation
                  of the
                  License Agreement; provided,
                  however,
                  that any such service may only be made available by the Association
                  having
                  obtained such service from a third-party vendor as opposed to it
                  engaging
                  in such a Competing Business by way of starting, building, developing
                  or
                  otherwise conducting, directly or indirectly, an operation through
                  which
                  any such service, in turn, would be provided;
                  and

              

      

      

      
        	 	
                (iii)

              	
                The
                  Shea Carveouts, whether in hardcopy or online, shall not be considered
                  a
                  Competing Business so long as any such materials or data, whether
                  together
                  or separately, do not result in the aggregation of content or create
                  a
                  database that would significantly compete with the Legal Research
                  Services.

              

      

      

      (3)
        If,
        at the time of enforcement of this Section, a court holds that the restrictions
        stated herein are unreasonable under the circumstances then existing, the
        parties agree that the maximum period, scope or geographical area reasonable
        under such circumstances shall be substituted for the stated period, scope
        or
        geographical area. If any one of such covenants is declared invalid for any
        reason, such determination shall not affect the validity of the remainder
        of the
        covenants. The other covenants set forth in this Section shall remain in
        effect
        as if the provision had been executed without the invalid covenants. The
        parties
        hereto hereby declare that they intend that the remaining covenants of the
        provision continue to be effective without any covenants that have been declared
        invalid. The parties hereto acknowledge that money damages would be an
        inadequate remedy for any breach of this Section. Therefore, in the event
        of a
        breach or threatened breach of this Section, the Buyer or its successors
        or
        assigns may, in addition to other rights and remedies existing in its or
        their
        favor, apply to any court of competent jurisdiction for specific performance
        or
        injunctive relief in order to enforce or prevent any violations of the
        provisions of this Section (without posting a bond or other
        security).

      

      (4)
        Without limiting the generality of subsections (1) or (2) above, Lawcorp
        shall,
        on or immediately after the Closing Date, change its name to a name that
        is not
        confusingly similar to “Lawriter” and cooperate with Buyer, including the
        execution and delivery of appropriate forms or instruments, to effectuate
        such
        change.

      

      (f) Tolling.
        Sellers hereby
        expressly acknowledge and agree that in the event the enforceability of any
        of
        the terms of this Section 6 shall be challenged in court or pursuant to
        arbitration, but the enforceability is not enjoined (either temporarily or
        permanently) pending resolution of the challenge, if a court of competent
        jurisdiction or arbitration panel finds subsequently that the challenged
        restraint is enforceable, the time period of the restraint shall be deemed
        tolled upon the filing of the legal proceedings challenging the enforceability
        of the restraint until the dispute is finally resolved and all periods of
        appeal
        have expired.

      

      (g) Ancillary
        Agreement. Unless and to the extent expressly provided to the contrary in
        the

       

      
        
          
          

        

        
          Page
            30

          
            

          

        

        
          
          

        

      

    

    
       

      Escrow
        Agreement, Section 6(a)
        through and including this subsection (g) shall be construed as an agreement
        ancillary to the other provisions of this Agreement, and the existence of
        any
        claim or cause of action of one Party against the other, whether predicated
        on
        this Agreement or otherwise, shall not constitute a defense to the enforcement
        of such Sections.

      

      (h)
        Escrow Arrangement. Upon and coincident with Closing, each of Buyer and Sellers
        shall execute the Escrow Agreement, pursuant to which, inter alia, Buyer
        and
        Sellers, as the case may be, will copy onto a DVD or otherwise deliver an
        electronic copy of and place into such escrow the Escrowed Materials, which
        would be available to OSBA solely for the purposes and circumstances described
        in the Escrow Agreement. 
        For
        purposes of this Agreement, the phrase “Escrowed
        Materials”
shall
        mean a copy of (i) the Original Database and Software; (ii) the Additional
        Content; (iii) any and all US or US territory-related case law or primary
        legal
        materials which any Successor Business then has the right to utilize and
        otherwise transfer, assign or sublicense (subject in all cases to the
        limitations described in the immediately following sentence and any such
        existing agreements relating thereto)(hereinafter, the “Updated
        Content”);
        and
        (iv) the Thunderstone Software that is part of the operation of the Service
        as
        of the Closing Date, together with all updates, new releases, or versions
        of the
        Thunderstone Software received by Lawriter after the Closing Date (the
“Updated
        Thunderstone Software”).
        Notwithstanding any provision of this Agreement or the Escrow Agreement to
        the
        contrary, neither is it intended for Buyer to escrow nor shall Buyer be
        obligated to escrow (1) cases resolved through settlement; (2) compilations
        of
        single-specialty databases (such as, for example, databases relating solely
        to
        patent law or tax law, etc.); (3) products and services described in Section
        2(b)(ii)(C)(5)(z) that do not otherwise constitute Escrowed Materials; (4)
        the
        Collexis Products; (5) the Collexis search engine, even if the Collexis search
        engine is then being used by customers to access the Original Database and
        Software, Additional Content or Updated Content; or (6) other than the
        Additional Content and the Original Database and Software, any other software,
        update, release, release, version or other Intellectual Property or right
        thereto, whether or not expressly referenced in this Agreement, to which a
        Successor Business does not have the right to transfer, assign or sublicense,
        as
        the case may be, in the manner and to the extent contemplated in this Agreement
        or the Escrow Agreement; provided,
        however,
        that in
        no event shall Collexis or any Successor-Owned Business attempt to negotiate
        or
        negotiate an agreement for the use or purchase of Updated Content or Updated
        Thunderstone Software that would permit the assignment or other transfer
        thereof, but which would, as an exception thereto, preclude Collexis or the
        Successor Business from delivering an electronic copy of and placing into
        the
        escrow such content or software in accordance with the Escrow Agreement or
        to
        make the same available to OSBA to use for the purposes described in the
        Escrow
        Agreement. “Additional
        Content”
shall
        mean all US or US territory-related legal materials listed in Schedule 6(h)(ii).
        Notwithstanding any provision in this Agreement or the Escrow Agreement to
        the
        contrary, the release of the Escrowed Materials to the Beneficiary (as defined
        under the Escrow Agreement) shall in no event grant, sell, transfer or assign
        to
        Beneficiary, the Association, Ramey or any other Person any right, title
        or
        interest in or to the names “Casemaker” or “Lawriter” or any copyright or
        trademark rights thereto. 

       

      In
        the
        event that Buyer fails to perform any of its obligations to OSBA under this
        Agreement or the Escrow Agreement and such failure continues unremedied for
        a
        period of thirty (30) days after notice of such failure is given to Buyer
        by
        OSBA, OSBA shall have the right to take any or all of the following actions:
        OSBA may declare all unpaid amounts owing to OSBA by Buyer 

      
        
          
          

        

        
          Page
            31

          
            

          

        

        
          
          

        

      

      under
        this Agreement to be immediately due and payable; OSBA may proceed to exercise
        its rights under the Escrow Agreement; and/or OSBA may proceed with court
        action
        against Buyer in accordance with Section 11(h). If OSBA elects to exercise
        its
        rights under the Escrow Agreement (whether exclusively or in connection with
        its
        other remedies) and OSBA receives the Escrowed Materials in accordance
        therewith, OSBA agrees that an amount equal to fifty percent (50%) of the
        Adverse Consequences OSBA suffered in connection with Buyer's breach shall
        be
        deemed satisfied by the delivery of the Escrowed Materials to OSBA.  

       

      (i)
        The
        License Agreement. Upon and coincident with Closing, the License Agreement
        Amendment will be executed by Lawriter and the Association, which amendment
        will
        provide for the crediting of payments as provided for in Section 2(b)(i)(3)
        above and a most-favored nations provision pursuant to which the Association
        will be extended rates for the Service that are no greater than the rates
        for
        the Service that are extended to other bar associations having similar
        membership numbers based on Lawriter’s current pricing methodology for the
        Service.

      

      (j) The
        Thunderstone Agreement. On or about July 31, 1998, Lawriter entered into
        that
        certain agreement with Expansion Program International, Inc.\Thunderstone
        (the
“Thunderstone
        Agreement”),
        pursuant to which Lawriter acquired the perpetual right to use the Thunderstone
        search engine and other Intellectual Property relating thereto in its provision
        of the Service (the “Thunderstone
        Software”).
        In
        the event that Lawriter is using the Thunderstone Software in the operation
        of
        the Service on June 15, 2008, Buyer shall be responsible for the payment
        of the
        $63,917.50 balance of the Thunderstone expansion fee which becomes payable
        on
        that date. If, however, Lawriter is not then using the Thunderstone Software
        in
        the operation of the Service, Sellers shall, jointly and severally, be
        responsible for the $63,917.50 payment due at that time (the “Thunderstone
        Obligation”).

       

      SECTION
        7. CONDITIONS TO OBLIGATION TO CLOSE.

       

      (a)
        Conditions to Buyer’s Obligation. The
        obligation of Buyer to consummate the transactions to be performed by it
        in
        connection with the Closing is subject to satisfaction of the following
        conditions:

       

      (i)
        the
        representations and warranties set forth in Section 3(a) and Section 4 above
        shall be true and correct in all material respects at and as of the Closing
        Date;

       

      (ii)
        Sellers shall have performed and complied with all of their covenants hereunder
        in all material respects through the Closing;

       

      (iii) 
        no
        action, suit, or proceeding shall be pending before any court or quasi-judicial
        or administrative agency of any federal, state, local, or foreign jurisdiction
        or before any arbitrator wherein an unfavorable injunction, judgment, order,
        decree, ruling, or charge would (A) prevent consummation of any of the
        transactions contemplated by this Agreement, (B) cause any of the transactions
        contemplated by this Agreement to be rescinded following consummation, (C)
        adversely affect the right of Buyer to own the Lawriter Interests and to
        control
        Lawriter, or (D) materially and adversely affect the right of Lawriter to
        own
        its assets and to operate its business (and no such injunction, judgment,
        order,
        decree, ruling, or charge shall be in effect);

      
        
          
          

        

        
          Page
            32

          
            

          

        

        
          
          

        

      

      (iv)
        Lawriter shall have delivered to Buyer a certificate to the effect that each
        of
        the conditions specified above in Section 7(a)(i)-(iii) is satisfied in all
        respects;

       

      (v)
        Sellers shall have provided to Buyer a notebook in which or compact disk
        on
        which a complete copy of all of the documents and other information provided
        in
        response to Buyer’s due diligence request shall be contained, and Buyer’s
        auditors shall have completed their audit of Lawriter’s books and
        records;

       

      (vi)
        the
        Parties shall have received all other material authorizations, consents,
        and
        approvals of governments and governmental agencies referred to in Section
        3(a)(ii), Section 3(b)(ii), and Section 4(c) above;

       

      (vii)
        Buyer shall have received from counsel to Sellers an opinion in form and
        substance as set forth in Exhibit
        F
        attached
        hereto, addressed to Buyer;

       

      (viii)
        Buyer shall have received the resignations, effective as of the Closing,
        of each
        director or manager and officer of Lawriter; 

       

      (ix)
        Buyer shall have received evidence that the Lawriter and the Casemaker
        trademarks now being used by Lawriter have been transferred to
        Lawriter;

       

      (x)
        all
        actions to be taken by Sellers in connection with consummation of the
        transactions contemplated hereby and all certificates, opinions, instruments,
        and other documents required to effect the transactions contemplated hereby
        will
        be reasonably satisfactory in form and substance to Buyer;

       

      (xi)
        each
        of Shea and the Association shall have entered into separate consulting
        agreements, with restrictive covenants, substantially in the form attached
        hereto as Exhibit
        D,
        and
        such agreements shall be in full force and effect as of the
        Closing;

       

      (xii)
        OSBA, Lawriter and the Escrow Agent shall have executed and delivered to
        Buyer
        the Escrow Agreement, substantially in the form of Exhibit
        A,
        dated
        as of the` Closing Date; 

       

      (xiii)
        Each of the Members shall have transferred to Lawriter its respective rights
        in
        and to the tradenames “Lawriter” and “Casemaker” and the federal registrations
        of the trademarks associated therewith;

       

      (xiv)
        Shea shall have caused Lawcorp to change its name to a name that does not
        contain the word “Lawriter” or “Casemaker” or any other name confusingly similar
        to either “Lawriter” or “Casemaker”;

       

      (xv)
        Sellers shall have delivered to Buyer a copy of the certificate of formation,
        including all amendments to date, of Lawriter, certified on or soon before
        the
        Closing Date by the Secretary of State of the jurisdiction of Lawriter’s
        formation;

       

      (xvi)
        Sellers shall have delivered to Buyer copies of the certificate of good standing
        of Lawriter, issued on or soon before the Closing Date by the Secretary of
        State
        of the 

       

      
        
          
          

        

        
          Page
            33

          
            

          

        

        
          
          

        

      

       

      jurisdiction
        of Lawriter’s organization; 

       

      (xvii)
        Sellers shall have delivered to Buyer a certificate of the secretary of
        Lawriter, dated the Closing Date, in form and substance reasonably satisfactory
        to Buyer, as to: (A) no amendments to the certificate of organization of
        Lawriter since the date of the certificate described in clause (xv) above;
        (B)
        the Lawriter Operating Agreement and no amendments thereto since the date
        thereof; (C) the resolutions of the board of directors or managers (or a
        duly
        authorized committee thereof) of Lawriter authorizing the execution, delivery,
        and performance of this Agreement and the transactions contemplated hereby;
        and
        (D) incumbency and signatures of the officers of Lawriter executing this
        Agreement or any other instrument or agreement contemplated by this Agreement;
        

       

      (xviii)
        Lawriter and the Association shall have executed the License Agreement
        Amendment; 

       

      (xix)
        Termination of the following agreements as of and coincident with Closing,
        with
        any and all provisions thereunder being null and void thereafter:

       

      
        	 	
                (A)

              	
                Lawriter
                  Operating Agreement

              

      

       

      
        	 	
                (B)

              	
                Joint
                  Venture Agreement; and

              

      

       

      
        	 	
                (C)

              	
                Trademark
                  License Agreement; 

              

      

       

      (xx)
        Each
        of the Sellers and the Ancillary Parties shall have delivered a general,
        full
        and unconditional release of and covenant not to sue for any and all claims
        he
        or it may have against the Lawriter Interest or Lawriter, a form of which
        agreement is attached hereto and as Exhibit
        G;
        and

       

      (xxi)
        Sellers shall have made such other deliveries as are described as being their
        responsibility in Section 2(d) above. 

       

      Buyer
        may
        waive any condition specified in this Section 7(a) if it executes a writing
        so
        stating at or prior to the Closing.

       

      (b)
        Conditions to Sellers’ Obligation. The
        Sellers’ obligation to consummate the transactions to be performed by them in
        connection with the Closing is subject to satisfaction of the following
        conditions:

       

      (i)
        the
        representations and warranties set forth in Section 3(b) above shall be true
        and
        correct in all material respects at and as of the Closing Date;

       

      (ii)
        Buyer shall have performed and complied with all of its covenants hereunder
        in
        all material respects through the Closing;

       

      (iii)
        no
        action, suit, or proceeding shall be pending before any court or quasi-judicial
        or administrative agency of any federal, state, local, or foreign jurisdiction
        or before any arbitrator wherein an unfavorable injunction, judgment, order,
        decree, ruling, or charge 

      
        
          
          

        

        
          Page
            34

          
            

          

        

        
          
          

        

      

       

      would
        (A)
        prevent consummation of any of the transactions contemplated by this Agreement
        or (B) cause any of the transactions contemplated by this Agreement to be
        rescinded following consummation (and no such injunction, judgment, order,
        decree, ruling, or charge shall be in effect);

       

      (iv)
        Buyer shall have delivered to Sellers a certificate to the effect that each
        of
        the conditions specified above in Section 7(b)(i)-(iii) is satisfied in all
        respects;

       

      (v)
        Buyer
        shall have delivered to Sellers evidence that Buyer has the right to make
        all or
        substantially all of the Additional Content available to the Association
        and the
        Consortium Parties at no additional charge throughout the Earnout Period,
        to
        include the Additional Content as part of the Escrowed Materials, and to
        provide
        rights to OSBA to use the same for the purposes described in the Escrow
        Agreement;

       

      (vi)
        all
        actions to be taken by Buyer in connection with consummation of the transactions
        contemplated hereby and all certificates, opinions, instruments, and other
        documents required to effect the transactions contemplated hereby will be
        reasonably satisfactory in form and substance to Sellers;

       

      (vii)
        Buyer shall have executed and delivered the Escrow Agreement and the Escrowed
        Materials shall have been delivered to the Escrow Agent; 

       

      (viii)
        Lawriter and the Association shall have executed the License Agreement
        Amendment, and Lawriter and Lawcorp shall have executed the Security Agreement;
        and

       

      (ix)
        Buyer shall have made such other deliveries as are described as being its
        responsibility in Section 2(d) above.

       

      Sellers
        may waive any condition specified in this Section 7(b) on behalf of themselves
        if they execute a writing so stating at or prior to the Closing.

       

      SECTION
        8. REMEDIES FOR BREACHES OF THIS AGREEMENT.

       

      (a)
        Survival of Representations and Warranties. 

       

      (i) Business
        Reps. All of the representations and warranties of the Sellers, other than
        the
        Core Reps and Regulatory Reps (as each such phrase are defined below), shall
        survive the Closing hereunder (even if Buyer knew or had reason to know of
        any
        misrepresentation or breach of warranty at the time of Closing) and continue
        in
        full force and effect for a period of two (2) years thereafter (collectively,
        the “Business
        Reps”).

       

      (ii) 
        Core
        Reps. All of the Sellers’ representations and warranties contained in Section
        3(a) above and the Sellers’ representations and warranties contained in Section
        4(a), 4(b), 4(c), 4(d) and the last sentence of 4(e) of this Agreement (each,
        a
“Core Rep”)
        shall
        survive the Closing (even if the damaged Party knew or had reason to know
        of any
        misrepresentation or breach of warranty at the time of Closing) and continue
        in
        full force and effect indefinitely.

      
        
          
          

        

        
          Page
            35

          
            

          

        

        
          
          

        

      

       

      (iii)
        Regulatory Reps. All of the Sellers’ representations and warranties concerning
        compliance with laws or other governmental mandates (each, a “Regulatory
        Rep”)
        shall
        survive the Closing (even if the damaged Party knew or had reason to know
        of any
        misrepresentation or breach of warranty at the time of Closing) and continue
        in
        full force and effect until 30 days following the expiration of the applicable
        statutes of limitations (including any extension thereto).

       

      (iv)
        Buyer’s Representations and Warranties. Buyer’s representations and warranties
        provided under Section 3(b) of this Agreement shall survive the Closing and
        continue in full force and effect following the expiration of the applicable
        statutes of limitations (including any extension thereto).

       

      (v)
        Covenants. All of the Sellers,’ Ancillary Parties’ and Buyer’s covenants and
        agreements shall survive the Closing and continue in full force and effect
        indefinitely.

       

      (b)
        Indemnification Provisions for Buyer’s Benefit.
        

       

      (i)
        In
        General.

       

      (A)
        Sellers’ Acts or Omissions (other than Post-Closing Covenants). In the event
        that any Seller breaches any of his or its representations, warranties or
        covenants, or agreements other than its Post-Closing Covenants (as governed
        by
        Section 8(b)(i)(B), below), and provided that Buyer makes a written claim
        for
        indemnification against Sellers pursuant to Section 11(g) below within the
        applicable period of limitations, then each Seller shall be obligated jointly
        and severally to indemnify Buyer or any Affiliate thereof from and against
        the
        entirety of any Adverse Consequences Buyer or any Affiliate thereof may suffer
        (including any Adverse Consequences Buyer or any Affiliate may suffer after
        the
        end of any applicable survival period) resulting from, arising out of, relating
        to, in the nature of, or caused by the breach thereof; provided,
        however,
        that if
        Buyer elects in its sole and absolute discretion to exercise either (or both)
        of
        the remedies provided in Section 8(f) below, then Buyer shall exercise such
        right of set off or recoupment, as the case may be, against the Earnout by
        dividing evenly the amount so claimed against the Earnout between the Sellers,
        unless and until the amount of any such recoupment or set off proves
        insufficient to satisfy Buyer’s indemnity claims, in which case such limitation
        shall have no further applicability and Buyer shall have the right to pursue
        any
        and all such remedies otherwise available to it. 

       

      (B)
        Sellers’ Post-Closing Covenants and Ancillary Parties Acts or Omissions. In the
        event that any Seller breaches its Post Closing Covenants or Ancillary Party
        breaches any of his or its representations, warranties or covenants or
        agreements in this Agreement, and provided that Buyer makes a written claim
        for
        indemnification against any such breaching Party pursuant to Section 11(g)
        below
        within the applicable period of limitations, then such breaching Party shall
        be
        obligated severally, but not jointly, to indemnify Buyer or any Affiliate
        thereof from and against the entirety of any Adverse Consequences Buyer or
        any
        Affiliate thereof may suffer (including any Adverse Consequences Buyer or
        any
        Affiliate may suffer after the end of any applicable survival period) resulting
        from, arising out of, relating to, in the nature of, or caused by such breach
        thereof.

      
        
          
          

        

        
          Page
            36

          
            

          

        

        
          
          

        

      

       

      (ii)
        Notwithstanding the provisions of Section 8(b)(i) above or Section 9 below,
        but
        subject to the provisions of (iii) below, Sellers shall only have an obligation
        to indemnify Buyer from and against any Adverse Consequences caused to Buyer
        by
        the breach of a Business Rep or the representations and warranties set forth
        in
        Section 4(i) or the obligation under Section 9 to indemnify Buyer for Taxes
        to
        the extent that Buyer has suffered Adverse Consequences in excess of $10,000
        for
        any single claim or $90,000 in the aggregate of all such claims (the
“Deductible,”)
        and
        then only to the extent of any such excess. The indemnification liability
        of
        Sellers and the Ancillary Parties under this Section 8 shall not exceed the
        sum
        of that portion of the Purchase Price already received by the Sellers and
        that
        portion of the Purchase Price that thereafter becomes payable to the Sellers
        pursuant to the terms of this Agreement taking into account Buyer’s rights of
        recoupment and set off as provided in this Section 8 below (the “Cap”),
        provided,
        however,
        (A) for
        purposes of the Cap, amounts paid by the Association or Ramey pursuant to
        the
        last sentence of Section 8(b)(i) shall be deemed to have been paid by OSBA
        and
        amounts paid by Shea pursuant to the last sentence of Section 8(b)(i) shall
        be
        deemed to have been paid by Lawcorp; and (B) that in the case of Lawcorp
        only,
        the Cap shall be reduced by the amount of Net Taxes. For purposes of this
        Section 8(b)(ii), the phrase “Net
        Taxes”
shall
        mean the amount of any Acquisition Taxes actually paid by Shea, as the sole
        shareholder of Lawcorp (which is a Subchapter S corporation), increased by
        Available Refunds; “Acquisition Taxes” shall mean only those Taxes that
        constitute income taxes reported by Shea on his properly filed state, local,
        and
        federal income tax returns as being due and payable solely on account of
        Buyer’s
        purchase of the Lawriter Interest from Lawcorp in accordance with Section
        2(a)
        of this Agreement; “Available
        Refunds”
shall
        mean the amount of any overpayment in such Acquisition Taxes that Shea may
        have
        made due to him having satisfied a claim for indemnification in favor of
        Buyer
        under this Section 8.

       

      (iii)
        Notwithstanding the limitation under Section 8(b)(ii) above, if and to the
        extent Buyer shall have any obligation to pay either Seller an Earnout payment
        as provided under Section 2(b)(ii) of this Agreement and Buyer’s claims for
        indemnification under this Agreement equal or exceed in the aggregate $90,000,
        then Buyer shall have the right to receive reimbursement of the $90,000,
        but
        only by either setting off or recouping (or both) the entirety of the Deductible
        against any such Earnout Payment in accordance with Section 8(f) below.

       

      (iv)
        Specific Indemnification. If the insurance described in Schedule 4(p) fails
        to
        pay in full any Adverse Consequences incurred by Buyer in connection with
        any
        litigation that may be instituted in connection with the claim described
        in
        Schedule 4(q), Sellers shall be deemed to have breached the representation
        and
        warranty set forth in Section 4(q) and shall be liable to Buyer in accordance
        with the provisions of this Section 8(b). Sellers shall indemnify and hold
        harmless Buyer from and against any and all Adverse Consequences arising
        in
        connection with or otherwise relating to Thunderstone Obligation.

       

      (c)
        Indemnification Provisions for Sellers’ Benefit.
        In the
        event Buyer breaches any of its representations, warranties, covenants, or
        agreements contained herein and provided that any Seller makes a written
        claim
        for indemnification against Buyer pursuant to Section 11(h) below, then Buyer
        agrees to indemnify each claiming Seller from and against the entirety of
        

      
        
          
          

        

        
          Page
            37

          
            

          

        

        
          
          

        

      

      
         

        any
          Adverse Consequences suffered (including any Adverse Consequences suffered
          after
          the end of any applicable survival period) resulting from, arising out
          of,
          relating to, in the nature of, or caused by the breach.

         

        (d)
          Matters Involving Third Parties.

         

        (i)
          If
          any third party notifies any Party (the “Indemnified
          Party”)
          with
          respect to any matter (a “Third-Party
          Claim”)
          that
          may give rise to a claim for indemnification against any other Party (the
          “Indemnifying
          Party”)
          under
          this Section 8, then the Indemnified Party shall promptly notify each
          Indemnifying Party thereof in writing; provided,
          however,
          that no
          delay on the part of the Indemnified Party in notifying any Indemnifying
          Party
          shall relieve the Indemnifying Party from any obligation hereunder unless
          (and
          then solely to the extent) the Indemnifying Party is thereby
          prejudiced.

         

        (ii)
          Any
          Indemnifying Party will have the right to assume the defense of the Third-Party
          Claim with counsel of its choice reasonably satisfactory to the Indemnified
          Party at any time within fifteen (15) days after the Indemnified Party
          has given
          notice of the Third-Party Claim; provided,
          however,
          that
          the Indemnifying Party must conduct the defense of the Third-Party Claim
          actively and diligently thereafter in order to preserve its rights in this
          regard; and provided
          further
          that the
          Indemnified Party may retain separate co-counsel at its sole cost and expense
          and participate in the defense of the Third-Party Claim.

         

        (iii)
          So
          long as the Indemnifying Party has assumed and is conducting the defense
          of the
          Third-Party Claim in accordance with Section 8(d)(ii) above, (A) the
          Indemnifying Party will not consent to the entry of any judgment on or
          enter
          into any settlement with respect to the Third-Party Claim without the prior
          written consent of the Indemnified Party (not to be unreasonably withheld)
          unless the judgment or proposed settlement involves only the payment of
          money
          damages by one or more of the Indemnifying Parties and does not impose
          an
          injunction or other equitable relief upon the Indemnified Party and (B)
          the
          Indemnified Party will not consent to the entry of any judgment on or enter
          into
          any settlement with respect to the Third-Party Claim without the prior
          written
          consent of the Indemnifying Party (not to be unreasonably
          withheld).

         

        (iv)
          In
          the event none of the Indemnifying Parties assumes and conducts the defense
          of
          the Third-Party Claim in accordance with Section 8(d)(ii) above, however,
          (A)
          the Indemnified Party may defend against, and consent to the entry of any
          judgment on or enter into any settlement with respect to, the Third-Party
          Claim
          in any manner it may reasonably deem appropriate (and the Indemnified Party
          need
          not consult with, or obtain any consent from, any Indemnifying Party in
          connection therewith) and (B) the Indemnifying Parties will remain responsible
          for any Adverse Consequences the Indemnified Party may suffer resulting
          from,
          arising out of, relating to, in the nature of, or caused by the Third-Party
          Claim to the fullest extent provided in this Section 8.

         

        (e)
          Remedies. 
          If the
          Closing occurs, the Parties acknowledge and agree that the foregoing
          indemnification provisions in this Section 8 shall be the sole and exclusive
          remedy of such Party for all matters described in this Section 8; provided,
          however,
          that
          the
          limitations and thresholds 

        
          
            
            

          

          
            Page
              38

            
              

            

          

          
            
            

          

        

        set
          forth
          in this Section 8 shall not apply with respect to (A) fraud, an intentional
          or
          willful misrepresentation, (B) any breach of any Core Rep, or (C) any equitable
          remedy, including a preliminary or permanent injunction or specific performance.
          Each
          Seller and Ancillary Party (other than Lawriter) hereby agrees that he
          or it
          will not make any claim for indemnification against Lawriter or Buyer by
          reason
          of the fact that he or it was a director, manager, officer, employee, consultant
          or agent of any such entity or was serving at the request of any such entity
          as
          a partner, trustee, director, manager, officer, consultant, employee, or
          agent
          of another entity (whether such claim is for judgments, damages, penalties,
          fines, costs, amounts paid in settlement, losses, expenses, or otherwise
          and
          whether such claim is pursuant to any statute, charter document, bylaw,
          agreement, or otherwise) with respect to any action, suit, proceeding,
          complaint, claim, or demand brought by Buyer against such Seller (whether
          such
          action, suit, proceeding, complaint, claim, or demand is pursuant to this
          Agreement, applicable law, or otherwise).

         

        (f)
          Recoupment and Right of Setoff Against Earnout, etc. Buyer
          shall have the option of recouping all or any part of any Adverse Consequences
          to which Buyer is entitled pursuant to this Section 8 or Section 9 by notifying
          Sellers that Buyer is reducing the Earnout, if any, payable to such Sellers.
          Buyer shall have the additional right to withhold and deduct any sum that
          may be
          owed to it under this Section 8 or Section 9 from any amount otherwise
          payable
          by Buyer pursuant to the Earnout; provided,
          that to
          exercise either of the foregoing rights of recoupment or setoff, Buyer
          shall
          deliver to Sellers a notice of such claim at least thirty (30) days prior
          to the
          date on which Buyer intends to exercise its right of recoupment or setoff
          hereunder. Notwithstanding anything in this Agreement to the contrary,
          the
          exercise by Buyer of any right of recoupment or setoff shall under no
          circumstances constitute a breach of this Agreement, even if it is subsequently
          determined that the amount so recouped or set off is higher than Buyer’s actual
          entitlement or Adverse Consequences or even if Buyer fails to provide timely
          such thirty (30) notice where a claim for indemnification arises within
          that
          thirty (30) day period immediately prior to the date on which an Earnout
          payment
          is required to be made and Buyer determines that subsequent Earnout payments,
          if
          any, will be insufficient to cover the amount of any such indemnification
          claim;
provided,
          however,
          that if
          it is later determined by a court of competent jurisdiction that Buyer
          was not
          entitled to any portion of such recoupment or setoff, Buyer shall reimburse
          the
          applicable Seller for that portion of the attorneys’ fees and costs and expenses
          incurred by it in contesting the same that is equal to the percentage of
          the
          total recoupment or setoff to which it is determined that Buyer was not
          entitled.

         

        SECTION
          9. TAX MATTERS. The
          following provisions shall govern the allocation of responsibility as between
          Buyer and Sellers for certain tax matters following the Closing
          Date:

         

        (a)
          Tax
          Indemnification. Subject
          to the applicable provisions of Section 8, Sellers shall jointly and severally
          indemnify Buyer, and each Buyer Affiliate and hold them harmless from and
          against (i) all Taxes (or the non-payment thereof) of Lawriter for all
          taxable
          periods ending on or before the Closing Date and the portion through the
          end of
          the Closing Date for any taxable period that includes (but does not end
          on) the
          Closing Date (“Pre-Closing
          Tax Period”),
          (ii)
          any and all Income Taxes of any member of Lawriter or member of an affiliated,
          consolidated, combined, or unitary group of which Lawriter (or any predecessor
          of any of the foregoing) is or was a member on or prior to the Closing
          Date,
          including pursuant to Treasury Regulation Section 1.1502-6 or any analogous
          or
          similar state, local, or foreign law or regulation, and (iii) any and

        
          
            
            

          

          
            Page
              39

            
              

            

          

          
            
            

          

        

         

        all
          Income Taxes of any Person (other than Lawriter) imposed on Lawriter as
          a
          transferee or successor, by contract or pursuant to any law, rule or regulation,
          which Taxes relate to an event or transaction occurring before the
          Closing.

         

        (b)
          Straddle Period. In
          the
          case of any taxable period that includes (but does not end on) the Closing
          Date,
          the amount of any Income Taxes for such taxable period shall be determined
          based
          on an interim closing of the books as of the close of business on the Closing
          Date.

         

        (c)
          Responsibility for Filing Tax Returns. Buyer
          shall prepare or cause to be prepared and file or cause to be filed all
          Income
          Tax Returns for Lawriter that are filed after the Closing Date; provided,
          however,
          that
          the Members shall be responsible for filing all Income Tax Returns with
          respect
          to any periods ending on the Closing Date. Each Party shall permit the
          other
          Parties to review and comment on any such Income Tax Return described in
          the
          preceding sentence prior to filing and shall make such revisions to such
          Income
          Tax Returns as are reasonably requested.

         

        (d)
          Cooperation on Tax Matters.

         

        (i)
          Buyer, Lawriter, Sellers and Ancillary Parties shall cooperate fully, as
          and to
          the extent reasonably requested by the other Party, in connection with
          the
          filing of Tax Returns pursuant to this Section 9 and any audit, litigation
          or
          other proceeding with respect to Taxes. Such cooperation shall include
          the
          retention and (upon the other Party’s request) the provision of records and
          information that are reasonably relevant to any such filing, audit, litigation
          or other proceeding and making employees available on a mutually convenient
          basis to provide additional information and explanation of any material
          provided
          hereunder. Lawriter and Sellers agree (A) to retain all books and records
          with
          respect to Tax matters pertinent to Lawriter relating to any taxable period
          beginning before the Closing Date until the expiration of the statute of
          limitations (and, to the extent notified by Buyer or Sellers, any extensions
          thereof) of the respective taxable periods, and to abide by all record
          retention
          agreements entered into with any taxing authority, and (B) to give the
          other
          Party reasonable written notice prior to transferring, destroying or discarding
          any such books and records and, if the other Party so requests, Lawriter
          or
          Sellers, as the case may be, shall allow the other Party to take possession
          of
          such books and records.

         

        (ii)
          Buyer, Sellers and Ancillary Parties further agree, upon request, to use
          their
          best efforts to obtain any certificate or other document from any governmental
          authority or any other Person as may be necessary to mitigate, reduce or
          eliminate any Tax that could be imposed (including with respect to the
          transactions contemplated hereby).

         

        (iii)
          Buyer and Sellers further agree, upon request, to provide the other Party
          with
          all information that either Party may be required to report pursuant to
          Code
          Section 6043, or Code Section 6043A, or Treasury Regulations promulgated
          thereunder.

         

        (e)
          Tax-Sharing Agreements. All
          tax-sharing agreements or similar agreements with respect to or involving
          Lawriter shall be terminated as of the Closing Date and, after the Closing
          Date,
          Lawriter shall not be bound thereby or have any liability
          thereunder.

        
          
            
            

          

          
            Page
              40

            
              

            

          

          
            
            

          

        

        (f)
          Certain Taxes and Fees. All
          transfer, documentary, sales, use, stamp, registration and other such Taxes,
          and
          all conveyance fees, recording charges and other fees and charges (including
          any
          penalties and interest) incurred in connection with the consummation of
          the
          transactions contemplated by this Agreement shall be borne by
          Members.

         

        SECTION
          10. [Section Omitted.]

         

        SECTION
          11. MISCELLANEOUS.

         

        (a)
          Press Releases and Public Announcements. Prior
          to
          the Closing, no Party shall make any announcement regarding any aspect
          of the
          transactions contemplated by this Agreement to any third party, including
          without limitation, the financial community, governmental agencies, employees,
          or the public generally, unless mutually agreed by Buyer and Sellers. After
          the
          Closing, each of the Sellers and Ancillary Parties agrees to not issue
          any press
          release or make any public announcement relating to the subject matter
          of this
          Agreement without the prior written approval of Buyer.

         

        (b)
          No
          Third-Party Beneficiaries. This
          Agreement shall not confer any rights or remedies upon any Person other
          than the
          Parties and their respective successors and permitted assigns, except as
          provided in Section 8.

         

        (c)
          Entire Agreement. This
          Agreement (including all certificates, instruments or documents referred
          to
          herein) constitutes the entire agreement among the Parties and supersedes
          any
          prior understandings, agreements, or representations by or among the Parties,
          written or oral, to the extent they relate in any way to the subject matter
          hereof, including without limitation, the October 10, 2007 letter of intent
          among the Parties relating to this transaction.

         

        (d)
          Buyer Liability; Succession and Assignment. Each
          Buyer shall be jointly and severally liable for the performance of all
          obligations of Buyer under this Agreement. This Agreement shall be binding
          upon
          and inure to the benefit of the Parties named herein and their respective
          successors and permitted assigns. No Party may assign either this Agreement
          or
          any of its rights, interests, or obligations hereunder without the prior
          written
          approval of Buyer and Sellers, and any such assignment shall be void;
provided,
          however,
          that
          Buyer may (i) assign any or all of its rights and interests hereunder to
          one or
          more of its Affiliates and (ii) designate one or more of its Affiliates
          to
          perform its obligations hereunder (in any or all of which cases Buyer
          nonetheless shall remain responsible for the performance of all of its
          obligations hereunder).

         

        (e)
          Counterparts. This
          Agreement may be executed in one or more counterparts (including by means
          of
          facsimile), each of which shall be deemed an original but all of which
          together
          will constitute one and the same instrument.

         

        (f)
          Headings. The
          section headings contained in this Agreement are inserted for convenience
          only
          and shall not affect in any way the meaning or interpretation of this
          Agreement.

         

        (g)
          Notices. All
          notices, requests, demands, claims, and other communications hereunder
          shall be
          in writing. Any notice, request, demand, claim, or other communication
          hereunder
          shall be deemed duly given when received by the Party for whom intended.
          The
          sending Party shall 

        
          
            
            

          

          
            Page
              41

            
              

            

          

          
            
            

          

        

         

        have
          the
          burden of proving receipt. Notices, requests, demands, claims and other
          communications shall addressed to the intended recipient as set forth
          below:

        

        
          	
                  If
                    to Sellers: 

                   

                  To
                    their addresses or facsimile numbers set forth below their signatures
                    on
                    the signature page of this Agreement

                	 	
                  With
                    a Copy, which shall not constitute notice, to: 

                   

                  Thompson
                    Hine LLP

                  10
                    West Second Street

                  Dayton,
                    Ohio 45402

                  Attn:
                    Sharen Swartz Neuhardt, Esq.

                
	 	 	 
	
                  If
                    to Buyer: 

                   

                  Collexis,
                    Inc.

                  1201
                    Main Street, Suite 980

                  Columbia,
                    SC 29201 Attn: President

                	 	
                  With
                    a Copy, which shall not constitute notice, to: 

                   

                  McDaniel
                    & Henry, LLP

                  PO
                    Box 681235

                  Marietta,
                    Georgia 30068-0021

                  Attn:
                    Frank McDaniel, Esq. 

                

        

         

        Any
          Party
          may change the address to which notices, requests, demands, claims, and
          other
          communications hereunder are to be delivered by giving the other Parties
          notice
          in the manner herein set forth.

         

        (h)
          Governing Law and Venue. This
          Agreement shall be governed by and construed in accordance with the domestic
          laws of the State of Georgia without giving effect to any choice or conflicts
          of
          law provision or rule (whether of the State of Georgia or any other
          jurisdiction) that would cause the application of the laws of any jurisdiction
          other than the State of Georgia (the “Georgia
          Law”).
          Each
          of the Parties consents to the exclusive jurisdiction of the Federal and
          State
          Courts sitting in the County of Fulton in the State of Georgia in connection
          with any dispute arising under this Agreement and hereby waives, to the
          maximum
          extent permitted by law, any objection, including any objection based on
          venue
          or inconvenient forum, to the bringing of any such proceeding in such
          jurisdiction (the “Georgia
          Courts”).
          

         

        Each
          party agrees (1) to make no filing whatsoever either with or before any
          court,
          arbitrator or other tribunal other than in a Georgia Court or for the
          application of any law other than Georgia Law (except in the case where
          Federal
          law might apply) with respect to any matter or dispute arising under or
          in
          connection with either this Agreement or Escrow Agreement; (2) to not challenge
          the application of either Georgia Law or jurisdiction by or of the Georgia
          Courts (or both); and (3) in the event of any challenge by a court, arbitrator
          or other tribunal, sua
          sponte,
          to
          either the application of Georgia Law or jurisdiction by or of the Georgia
          Courts (or both), then in any such case each party shall cooperate in the
          filing
          of any and all pleadings and other documents as may be necessary to obtain
          or
          secure the application of Georgia Law or jurisdiction by or of the Georgia
          Court
          (or both). 

         

        Subject
          to the provisions of the last paragraph of this Section 11(h), should any
          Seller
          or Ancillary Party (or any successor, assignee or Affiliate thereof) make
          any
          filing in breach of this Section and thereafter fail to dismiss the same
          within
          ten (10) business days after written demand 

        
          
            
            

          

          
            Page
              42

            
              

            

          

          
            
            

          

        

        thereof
          by Buyer or fail to support the application of Georgia Law or jurisdiction
          by or
          of the Georgia Courts, the law of the State of South Carolina shall apply
          and
          jurisdiction for any and all disputes or other matters arising under this
          Agreement shall be moved to the State of South Carolina. Subject to the
          provisions of the last paragraph of this Section 11(h), should Buyer or
          any
          successor, assignee or Affiliate thereof make any filing in breach of this
          Section and fail to dismiss the same within ten (10) business days after
          written
          demand thereof by either Seller or Ancillary Party or fail to support the
          application of Georgia Law or jurisdiction by or of the Georgia Courts,
          the law
          of the State of Ohio shall apply and jurisdiction for any and all disputes
          or
          other matters arising under this Agreement shall be moved to the State
          of Ohio.
In
          the
          event of any such dispute, the court shall award attorneys’ fees and expenses,
          and all costs, to the prevailing party.

         

        In
          the
          event that the Georgia Courts shall determine that the Georgia Courts are
          not
          the proper forum for disputes arising under this Agreement or the Escrow
          Agreement, Sellers and the Ancillary Parties may pursue jurisdiction over
          Buyer
          in any court other than a court located in the State of Ohio, and Buyer
          may
          pursue jurisdiction over Sellers and the Ancillary Parties in any court
          other
          than a court located in the State of South Carolina. 

         

        (i)
          Amendments and Waivers. No
          amendment of any provision of this Agreement shall be valid unless the
          same
          shall be in writing and signed by Buyer and Sellers. No waiver by any Party
          of
          any provision of this Agreement or any default, misrepresentation, or breach
          of
          warranty or covenant hereunder, whether intentional or not, shall be valid
          unless the same shall be in writing and signed by the Party making such
          waiver,
          nor shall such waiver be deemed to extend to any prior or subsequent default,
          misrepresentation, or breach of warranty or covenant hereunder or affect
          in any
          way any rights arising by virtue of any prior or subsequent such occurrence,
          nor
          shall such waiver apply to any other provision, breach, default or
          misrepresentation.

         

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

         

        (k)
          Expenses. Each
          Seller and Buyer shall bear his or its own costs and expenses (including
          legal
          fees and expenses) incurred in connection with this Agreement and the
          transactions contemplated hereby; provided,
          however,
          that
          Members will bear all costs and expenses of Lawriter (including all of
          its legal
          fees and expenses) in connection with this Agreement and the transactions
          contemplated hereby in the event that such transactions are consummated.
          Without
          limiting the generality of the foregoing, all transfer, documentary, sales,
          use,
          stamp, registration and other such Taxes, and all conveyance fees, recording
          charges and other fees and charges (including any penalties and interest)
          incurred in connection with the consummation of the transactions contemplated
          hereby shall be paid by Members when due, and Members shall, at their own
          expense, file all necessary Tax Returns and other documentation with respect
          to
          all such Taxes.

         

        (l)
          Construction. The
          Parties have participated jointly in the negotiation and drafting of this
          Agreement. In the event an ambiguity or question of intent or interpretation
          arises, this 

        
          
            
            

          

          
            Page
              43

            
              

            

          

          
            
            

          

        

         

        Agreement
          shall be construed as if drafted jointly by the Parties and no presumption
          or
          burden of proof shall arise favoring or disfavoring any Party by virtue
          of the
          authorship of any of the provisions of this Agreement. Any reference to
          any
          federal, state, local, or foreign statute or law shall be deemed also to
          refer
          to all rules and regulations promulgated thereunder, unless the context
          requires
          otherwise. The word “including” shall mean including without limitation; and,
          unless the context otherwise requires, the
          words
“hereof,” “herein,” “hereunder” or the like refer to this Agreement as a
          whole.
          Nothing
          in the Disclosure Schedule or Annexes shall be deemed adequate to disclose
          an
          exception to a representation or warranty made herein unless the Disclosure
          Schedule or Annex identifies the exception with particularity and describes
          the
          relevant facts in detail. Without limiting the generality of the foregoing,
          the
          mere listing (or inclusion of a copy) of a document or other item shall
          not be
          deemed adequate to disclose an exception to a representation or warranty
          made
          herein (unless the representation or warranty has to do with the existence
          of
          the document or other item itself). The Parties intend that each representation,
          warranty, and covenant contained herein shall have independent significance.
          If
          any Party has breached any representation, warranty, or covenant contained
          herein in any respect, the fact that there exists another representation,
          warranty, or covenant relating to the same subject matter (regardless of
          the
          relative levels of specificity) that the Party has not breached shall not
          detract from or mitigate the fact that the Party is in breach of the first
          representation, warranty, or covenant.

         

        (m)
          Incorporation of Exhibits, Annexes, and Schedules. The
          Exhibits, Annexes, and Schedules identified in this Agreement are incorporated
          herein by reference and made a part hereof.

         

        (n)
          Specific Performance. Each
          Seller acknowledges and agrees that Buyer would be damaged irreparably
          in the
          event any provision hereof is not performed in accordance with its specific
          terms or otherwise is breached, so that Buyer shall be entitled to injunctive
          relief to prevent breaches of the provisions hereof and to enforce specifically
          this Agreement and the terms and provisions hereof in addition to any other
          remedy to which Buyer may be entitled, at law or in equity. In particular,
          the
          Parties acknowledge that the business of Lawriter is unique and recognize
          and
          affirm that in the event any Seller breaches this Agreement, money damages
          would
          be inadequate and Buyer would have no adequate remedy at law, so that Buyer
          shall have the right, in addition to any other rights and remedies existing
          in
          its favor, to enforce its rights and the other Parties’ obligations hereunder
          not only by action for damages but also by action for specific performance,
          injunctive, or other equitable relief.

         

        (o)
          Tax
          Disclosure Authorization. Notwithstanding
          anything herein to the contrary, the Parties (and each Affiliate and Person
          acting on behalf of any Party) agree that each Party (and each employee,
          representative, and other agent of such Party) may disclose to any and
          all
          Persons, without limitation of any kind, the transaction’s tax treatment and tax
          structure (as such terms are used in regulations promulgated under Code
          Section
          6011) contemplated by this Agreement and all materials of any kind (including
          opinions or other tax analyses) provided to such Party or such Person relating
          to such tax treatment and tax structure, except to the extent necessary
          to
          comply with any applicable federal or state securities laws; provided,
          however,
          that
          such disclosure may not be made until the earlier of date of (A) public
          announcement of discussions relating to the transaction, (B) public announcement
          of the transaction, or (C) execution of an agreement (with or without
          conditions) to enter into the transaction. This 

        
          
            
            

          

          
            Page
              44

            
              

            

          

          
            
            

          

        

         

        authorization
          is not intended to permit disclosure of any other information including
          (A) any
          portion of any materials to the extent not related to the transaction’s tax
          treatment or tax structure, (B) the identities of participants or potential
          participants, (C) the existence or status of any negotiations, (D) any
          pricing
          or financial information (except to the extent such pricing or financial
          information is related to the transaction’s tax treatment or tax structure), or
          (E) any other term or detail not relevant to the transaction’s tax treatment or
          the tax structure.

         

        IN
          WITNESS WHEREOF,
          the
          Parties hereto have executed and delivered this Agreement, in the case
          of any
          entity by its duly authorized officer, as of the date first above
          written.

         

        
          	 	
                  BUYER

                
	 	
                  COLLEXIS
                    HOLDINGS, Inc.

                
	 	 
	 	
                  By:

                	
                  /s/
                    William D. Kirkland

                
	 	 	
                  Name:
                    William D. Kirkland

                
	 	 	
                  Title:
                    Chief Executive Officer

                
	 	 
	 	
                  LAWRITER,
                    INC.

                
	 	 
	 	
                  By:

                	
                  /s/
                    William D. Kirkland

                
	 	 	
                  Name:
                    William D. Kirkland

                
	 	 	
                  Title:
                    President

                
	 	 
	 	
                  SELLERS

                
	 	
                  Lawriter
                    LLC

                
	 	 
	 	
                  By:

                	
                  /s/
                    Joseph W. Shea III

                
	 	 	
                  Name:
                    Joseph W. Shea III

                
	 	 	
                  Title:
                    Chief Executive Officer

                
	 	 
	 	
                  Address:

                
	 	 
	 	
                  c/o
                    Shea & Associates

                
	 	
                  444
                    Chiquita Center

                
	 	
                  250
                    E. Fifth Street

                
	 	
                  Cincinnati,
                    Ohio 45202

                

        

        
          
            
            

          

          
            Page
              45

            
              

            

          

          
            
            

          

        

        

        
          	 	
                  Institute
                    of Legal Publishing, Inc.

                  (f/k/a
                    Lawriter Corporation)

                
	 	 
	 	
                  By:

                	
                  /s/
                    Joseph W. Shea III

                
	 	 	
                  Name:
                    Joseph W. Shea III

                
	 	 	
                  Title:
                    President

                
	 	 
	 	
                  Address:

                
	 	 
	 	
                  c/o
                    Shea & Associates

                
	 	
                  444
                    Chiquita Center

                
	 	
                  250
                    E. Fifth Street

                
	 	
                  Cincinnati,
                    Ohio 45202

                
	 	 
	 	
                  OSBA.COM
                    LLC

                
	 	 
	 	
                  By:

                	
                  /s/
                    Robert F. Ware

                
	 	 	
                  Name:
                    Robert F. Ware

                
	 	 	
                  Title:
                    Member

                
	 	 
	 	
                  Address:

                
	 	 
	 	
                  OSBA.COM
                    LLC

                
	 	
                  c/o
                    Ohio State Bar Association

                
	 	
                  P.O.
                    Box 16562

                
	 	
                  Columbus,
                    Ohio 43216-6562

                
	 	 
	 	
                   
                    ANCILLARY PARTIES

                
	 	 
	 	
                  /s/
                    Joseph W. Shea III

                
	 	
                  Joseph
                    W. Shea III

                
	 	 
	 	
                  Address:

                
	 	 
	 	
                  Joseph
                    W. Shea III

                
	 	
                  c/o
                    Shea & Associates

                
	 	
                  444
                    Chiquita Center

                
	 	
                  250
                    E. Fifth Street

                
	 	
                  Cincinnati,
                    Ohio 45202

                

        

         

        
          
            
            

          

          
            Page
              46

            
              

            

          

          
            
            

          

        

        

        
          	 	
                  /s/
                    Denny L. Ramey

                
	 	
                  Denny
                    Ramey

                
	 	 
	 	
                  Address:

                
	 	
                  Denny
                    L. Ramey

                
	 	
                  c/o
                    Ohio State Bar Association

                
	 	
                  P.O.
                    Box 16562

                
	 	
                  Columbus,
                    Ohio 43216-6562

                
	 	 
	 	
                  OHIO
                    STATE BAR ASSOCIATION

                
	 	 
	 	
                  By:

                	
                  /s/
                    Robert F. Ware

                
	 	 	
                  Name:
                    Robert F. Ware

                
	 	 	
                  Title:
                    President

                
	 	 
	 	
                  Address:

                
	 	
                  Ohio
                    State Bar Association

                
	 	
                  P.O.
                    Box 16562

                
	 	
                  Columbus,
                    Ohio 43216-6562

                

        

         

        
          
            
            

          

          
            Page
              47

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