Document:

Unassociated Document

    EXHIBIT
      10.1

    
       

      FOLDERA,
        INC.

    

    2952
      Daimler Street

    Santa
      Ana, California 92705

     

    July
      14,
      2008        

     

    Vision
      Opportunity Master Fund, Ltd.

    20
      West
      55th
      Street,
      5th
      Floor

    New
      York,
      New York 10019

     

    
      	
              Re:

            	
              Debenture
                Prepayment and Conversion Letter
                Agreement

            

    

     

    Ladies
      and Gentlemen:

     

    Reference
      is made to the Securities Purchase Agreement, dated as of December 7, 2007
      (the
“Securities
      Purchase Agreement”),
      between Foldera, Inc. (the “Company”)
      and
      Vision Opportunity Master Fund, Ltd. (“Vision”).
      All
      capitalized terms used in this letter agreement which are not defined herein
      shall have the same meaning as in the Securities Purchase
      Agreement.

     

    The
      Company, having pursued multiple alternatives in an attempt to turnaround the
      Company’s existing workflow software business, is engaged in certain ongoing
      negotiations with Vision with respect to financing the continuation of the
      Company’s operations. As part of such negotiations, the Company is contemplating
      the possible (i) sale of its capital stock (or similar convertible securities)
      or assets to a third party (in one or a series of transactions) or (ii) the
      acquisition by the Company (by way of a merger, or otherwise) of another ongoing
      business (in one or a series of transactions) with the result of a possible
      change of control and/or business direction of the Company (any such event,
      a
“Contemplated
      Transaction”).
      

     

    Notwithstanding
      the terms of any Transaction Document to the contrary, and subject to compliance
      by the parties with the provisions of this letter agreement, the parties hereby
      agree as follows:

     

    1. Prepayment
      of Debenture.
      On the
      date of execution of this letter agreement by the parties (the “Effective
      Date”),
      the
      Company shall prepay $400,000 in principal amount of the existing Debenture,
      minus $20,000 in accrued and paid interest thereon. Such principal prepayment,
      minus interest, therefore totaling $380,000, shall be made by wire transfer
      of
      immediately available funds to an account designated by Vision.

     

    2. Conversion
      of Remaining Debenture.
      Vision
      will convert the entire remaining outstanding principal amount of the Debenture,
      $620,000, plus accrued but unpaid interest, into shares of Common Stock of
      the
      Company (“Company
      Common Stock”)
      (in
      which event the redemption procedures set forth in Sections 6(a) and 6(b) of
      the
      Debenture shall apply) at a target conversion price of $0.35 per share. The
      Company agrees to immediately issue in the name of Vision 1,771,429 shares
      of
      Company Common Stock, with all appropriate transfer taxes paid, if any, at
      the
      expense of the Company. Upon prepayment of a portion of the Debenture pursuant
      to the terms of Section 1 above and conversion of the remaining portion of
      the
      Debenture pursuant to the terms of this Section 2, Vision shall mark the
      original Debenture as “cancelled” and “paid in full,” and shall return same to
      the Company.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    3. Warrant
      Conversion.
      The
      Warrants currently held by Vision entitling Vision to acquire 8,258,378 shares
      of Common Stock at a target price of $0.35 per share, are hereby exchanged
      for
      825,838 shares of Company Common Stock. The Company agrees to immediately issue
      in the name of Vision such 825,838 shares of Company Common Stock, with all
      appropriate transfer taxes paid, if any, at the expense of the Company. Vision
      acknowledges that the Company, after fulfilling its obligations contemplated
      by
      this Agreement, has no further obligation or commitment to issue shares of
      Company Common Stock to Vision. 

     

    4. Waiver
      of Warrant Anti-Dilution Provisions.
      Vision
      hereby waives any and all anti-dilution provisions in the Warrants (including
      all adjustment provisions) with respect to Company Common Stock issued. The
      Company hereby represents that all Warrants have been exercised or their
      anti-dilution provisions have been waived and that there are no rights with
      respect to anti-dilution under any convertible securities.

     

    5. Termination
      of Security Agreement.
      The
      parties hereby agree that the Security Agreement, dated December 7, 2007,
      entered into with the Company is hereby terminated, rendered null, void and
      is
      of no further force and effect.

     

    6. Termination
      of Lock-Up Agreements.
      The
      parties hereby agree that each of the Lock-Up Agreements entered into with
      the
      executive officers and directors of the Company in December 2007 is hereby
      terminated and is of no further force and effect.

     

    7. SECP
      Fees.
      On the
      Effective Date, Vision shall assume, and agree to pay in full, fees and charges
      in the amount of $24,000 owed by the Company to SECP, an investment banking
      firm
      retained by the Company in connection with one of the Contemplated
      Transactions.

     

    8. Support
      for Various Actions in connection with Contemplated Transaction

     

    (a) Vision
      agrees to support, and vote its Company Common Stock in favor of, a proposal
      to
      amend the Company’s articles of incorporation to effect a reverse stock split of
      the outstanding shares of Company Common Stock at a ratio of up to 1-for-10
      shares (with the exact ratio to be determined by the Company’s board of
      directors).

     

    (b) Vision
      agrees to support, and vote its Company Common Stock in favor of, a proposal
      to
      amend the Company’s 2005 Stock Option Plan increasing the number of shares of
      Company Common Stock reserved for issuance thereunder to a number equal to
      up to
      80% of the outstanding shares of Company Common Stock (with the exact number
      of
      shares to be determined by the Company’s board of directors).

     

    (c) Vision
      agrees to support, and vote its Company Common Stock in favor of, a proposal
      to
      amend the Company’s articles of incorporation to change the corporate name of
      the Company to one that is consistent with the Company’s future business in the
      event of a Contemplated Transaction (with the exact name to be determined by
      the
      Company’s board of directors).

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    9. Lock-up
      Agreements.
      For six
      (6) months commencing on the Effective Date, Vision (together with all of the
      Company’s executive officers, directors and other affiliates) will not, directly
      or indirectly, publicly offer, sell, contract to sell, hypothecate, pledge
      or
      otherwise dispose of (or enter into any transaction which is designed to, or
      might reasonably be expected to, result in the disposition (whether by actual
      disposition or an effective economic disposition due to cash settlement or
      otherwise, but other than to an affiliate of Vision) (each, a “Disposition”)
      any
      shares of Company Common Stock beneficially owned on the Effective Date
      (including shares of Company Common Stock acquired pursuant to this Agreement),
      without the prior written consent of the Company. Following the initial six
      (6)
      month period, for each 30-day period, Vision may make a Disposition of a number
      of shares of Company Common Stock representing the number of shares of Company
      Common Stock that, in each case, is equal to (or less than) the Disposition
      Limitation. For purposes hereof, the “Disposition
      Limitation”
means
      1/12 of the shares of Company Common Stock then owned by Vision (or, as the
      case
      may be, its executive officers, directors or other affiliates). The Disposition
      Limitation shall expire 18 months after the Effective Date. Beneficial ownership
      shall be calculated in accordance with Section 13(d) of the Securities Exchange
      Act. In order to enforce this covenant, the Company shall impose irrevocable
      stop-transfer instructions preventing its transfer agent from effecting any
      actions in violation of this Section 9. 

     

    10. Representations.
      Each of
      the parties hereto represents severally and as to itself only that this letter
      agreement has been duly authorized, executed and delivered by it and, assuming
      the due authorization, execution and delivery of this letter agreement by the
      other party hereto, constitutes its legal, valid and binding obligation,
      enforceable against it in accordance with its terms, except to the extent that
      enforceability (x) may be limited by bankruptcy, insolvency or other similar
      laws affecting or relating to the enforcement of creditors’ rights generally and
      (y) is subject to general principles of equity (whether such enforceability
      is
      considered in a proceeding in equity or at law).

     

    11. General
      Provisions.
      This
      letter agreement (a) constitutes the entire understanding of the parties hereto
      with respect to its subject matter, (b) supersedes all prior agreements and
      understandings between the parties with respect to its subject matter, (c)
      may
      be executed in any number of counterparts, each of which shall be deemed to
      be
      an original, but all of which together shall constitute one instrument, (d)
      shall be governed by and construed in accordance with the laws of the State
      of
      New York, and (e) shall inure to the benefit of and shall be binding upon the
      parties hereto and their respective successors and assigns.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    If
      the
      foregoing correctly sets forth our agreement, please acknowledge your acceptance
      of the terms of this letter agreement by signing and returning a copy of this
      letter agreement to the undersigned.

     

    
      	 	
              Very
                truly yours,

            
	 	 
	 	
              FOLDERA,
                INC.

            
	 	 	 
	 	
              By:

            	
              /s/Hugh
                Dunerley                                     
                

            
	 	 	
              Hugh
                Dunkerley

            
	 	 	
              President
                and Chief Executive Officer

            

    

     

    Agreed
      to
      and Accepted by:

     

    VISION
      OPPORTUNITY MASTER FUND, LTD.

     

    By:
      /s/Adam
      Benowitz                                     

          
      Adam Benowitz

          
      Portfolio Manager

     

    
      
         

      

      
        7PURCHASE
      AND SALE AGREEMENT

    

    This
      purchase and sale agreement (this
      “Agreement”), entered
      into as of the 1th
      day of
      July 2008, is made by and between Lavi Krasney (the“seller”)
      and
      A.
      Malik (the
      “Buyer”).

    

    Whereas,
      Seller
      owns in the aggregate one million, two hundred thousand (1,200,000) shares
      (the
“Shares”) of common stock of 1 Lane Technologies Corp., a Delaware corporation
      (the “Company”), representing 12.0% of the issued and outstanding share capital
      of the Company on a fully-diluted basis; there being a total of Ten million
      (10,000,000) shares issued and outstanding; and

    

    Whereas,
      Seller
      wishes to sell to Buyer, and Buyer wishes to purchase from Seller, the Shares
      for such consideration and on such terms as set out below;

    

    NOW
      THEREFORE,
      in
      consideration of the above premises and the mutual representations, warranties,
      covenants and agreements hereinafter set forth and for other good and valuable
      consideration, the receipt and sufficiency of which is hereby acknowledged,
      the
      parties agree as follows:

    

    
      	
              1.

            	
              Purchase
                and Sale; Purchase Price; Closing.
                

            

    

    

    (a) Purchase
      and Sale.
      Upon
      the terms and subject to the conditions of this Agreement, at the Closing
      (hereafter defined), Seller shall sell, transfer and assign to Buyer, and Buyer
      shall purchase from Seller, the Shares and any and all rights in the Shares
      to
      which Seller is entitled, and by doing so Seller shall be deemed to have
      assigned all of Seller’s right, title and interest in and to the Shares to
      Buyer. Such sale of the Shares shall be evidenced by stock certificates, duly
      endorsed in blank or accompanied by stock powers duly executed in blank, or
      other instruments of transfer in form and substance reasonably satisfactory
      to
      Buyer.

    

    (b)
       Purchase
      Price.
      The
      purchase price for the Shares is $36,000 (the “Purchase
      Price”)
      and
      shall be paid by cashier’s check, bank check or wire transfer of immediately
      available funds or bank or certified check in accordance with the following
      wire
      instructions:

    

    Wire
      Instructions:

    

    Name
      of
      Bank: 

    Bank’s
      Address:

    Account
      Name:  

    Account
      Number:  

    Wire
      Routing Number:  

    

    SWIFT
      #:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)
      Closing.
      

    

    (1)
       The
      Closing of the transactions contemplated under this Agreement (the "Closing")
      shall take place no later than July 13, 2008. The closing will take at such
      place as the Seller and Buyer may mutually agree upon. 

    

    (2)
       The
      Buyer’s obligation to purchase the Shares and to take the other actions required
      to be taken by the Buyer at the Closing is subject to the satisfaction, at
      or
      prior to the Closing, of each of the following conditions (any of which may
      be
      waived by the Buyer in whole or in part):

    

    (a)
      All
      of the Seller's representations and warranties in this Agreement shall have
      been
      accurate in all respects as of the date of this Agreement and shall be accurate
      in all respects as of the time of the Closing as if then made; and 

    

    (b)
      Seller shall have complied with all terms of this Agreement. 

    

    (3)
       At
      the
      Closing: 

    

    (a)
       Buyer
      shall pay to Seller the Purchase Price by cashiers’ or bank check or wire
      transfer of immediately available funds, and 

    

    (b)
       Sellers
      shall deliver to Buyer (A) stock certificates evidencing the Shares, duly
      endorsed in blank or accompanied by stock powers duly executed in blank, or
      other instruments of transfer in form and substance reasonably satisfactory
      to
      Buyer, (B) any documentary evidence of the due recordation in the Company’s
      share register of Buyer’s full and unrestricted title to the Shares, and (C)
      such other documents as may be required under applicable law or reasonably
      requested by Purchaser.

     

    
      	2.	
              Representations
                of Seller.

            

    

    

    As
      an
      inducement to Buyer to enter into this Agreement and to consummate the
      transaction contemplated herein, the Seller hereby represents and warrants
      to
      the Buyer the following: 

    

    (a)
       Authority.
      Seller
      has the absolute and unrestricted right, power, legal capacity and authority
      to
      enter into and perform his obligations under this Agreement, to carry out his
      obligations hereunder and to consummate the transactions contemplated hereby.
      Assuming the due authorization, execution and delivery by Buyer, this Agreement,
      when executed and delivered by Buyer, will be a valid and binding obligation
      of
      Seller, enforceable against Seller in accordance with its terms. Neither the
      execution and delivery of this Agreement, nor the consummation of the
      transactions contemplated hereby, will conflict with, or (with or without notice
      or lapse of time, or both) result in a termination, breach or violation of
      (i)
      any instrument, contract or agreement to which Seller is a party or by which
      he
      or she is bound, or (ii) any federal, state, local or foreign law, ordinance,
      judgment, decree, order, statute, or regulation, or that of any other
      governmental body or authority, applicable to the Company or Seller or his
      or
      her respective assets or properties. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (b) Capitalization.
      The
      Company’s authorized capital stock consists of 200,000,000 shares of common
      stock, of which 10,000,000 shares are issued and outstanding Seller is the
      sole
      record and beneficial owner of the Shares and has good and marketable title
      to
      the Shares, free and clear of any liens, pledges, hypothecations, charges,
      adverse claims, options, preferential arrangements or restrictions of any kind,
      including, without limitation, any restriction of the use, voting, transfer,
      receipt of income or other exercise of any attributes of ownership
      (collectively, “Encumbrances”), other than any Encumbrance expressly created by
      applicable federal and state securities laws. Upon the execution and delivery
      of
      this Agreement and payment of the purchase price, Buyer shall be the lawful
      record and beneficial owner of the Shares, free and clear of all Encumbrances,
      other than any Encumbrances expressly created by applicable federal and state
      securities laws. 
      There
      are no stockholders’ agreements, voting trust, proxies, options, rights of first
      refusal or any other agreements or understandings with respect to the
      Shares.  

     

    (c)
       Valid
      Issuance.
      All of
      the 1,200,000 shares of the Company being sold by Seller and bought by Buyer
      are
      duly authorized, validly issued, fully paid and non-assessable, and were not
      issued in violation of any preemptive or similar rights. There are no
      outstanding subscriptions, options, warrants, puts, calls, agreements or other
      rights of any type or other securities, including without limitation, any
      agreements or securities (1) requiring the issuance, sale, transfer, repurchase,
      redemption or other acquisition of any shares of capital stock of the Company,
      (2) restricting the transfer of any shares of capital stock of the Company,
      or
      (3) relating to the voting of any shares of capital stock of the Company. There
      are no issued or outstanding indebtedness of the Company having the right to
      vote (or convertible into, or exchangeable for, securities having the right
      to
      vote), upon the happening of a certain event or otherwise, on any matters on
      which the equity holders of the Company may vote.

     

    (d)
       SEC
      Documents.
      All
      reports and other documents filed by the Company with the SEC (the “SEC
      Documents”) complied, as of their respective dates, in all material respects
      with the requirements of the Securities Act of 1933, as amended (the “Securities
      Act”) or the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
      as the case may be, and other federal, state and local laws, rules and
      regulations applicable to such SEC Documents, and none of the SEC Documents
      contained any untrue statement of a fact or omitted to state a fact required
      to
      be stated therein or necessary in order to make the statements therein, in
      light
      of the circumstances under which they were made, not misleading. The financial
      statements of the Company included in the SEC Documents comply as to form and
      substance in all respects with applicable accounting requirements and the
      published rules and regulations of the SEC or other applicable rules and
      regulations with respect thereto. Such financial statements have been prepared
      in accordance with generally accepted accounting principles applied on a
      consistent basis during the periods involved (except as may be otherwise
      indicated in such financial statements or the notes thereto or in the case
      of
      unaudited interim statements, to the extent they may not include footnotes
      or
      may be condensed or summary statements) and fairly present in all respects
      the
      financial position of the Company as of the dates thereof and the results of
      operations and cash flows for the periods then ended (subject, in the case
      of
      unaudited statements, to normal year-end audit adjustments). The Company has
      not
      received any letters, notices or any notifications from the SEC, FINRA or NASAQ
      with respect to the Company or any of its officers or directors.

    

    (e)
       No
      Undisclosed Liabilities.
      The
      Company has no liabilities or obligations that are not disclosed in the SEC
      Documents, and as of the Closing shall have no debts, liabilities or
      obligations, direct or indirect, contingent or otherwise, including without
      limitation, any tax obligations.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    (f) No
      Undisclosed Events or Circumstances.
      No
      event or circumstance has occurred or exists with respect to the Company or
      its
      businesses, properties, prospects, operations or financial condition, that,
      under applicable law, rule or regulation, requires public disclosure or
      announcement prior to the date hereof by the Company but which has not been
      so
      publicly announced or disclosed in the SEC Documents.

    

    (g) Litigation
      and Other Proceedings.
      There
      are no lawsuits or proceedings pending or threatened, against the Company or
      its
      officers or directors, nor has the Company or the Seller received any written
      or
      oral notice of any such action, suit, proceeding or investigation.

    

    (h)
       Full
      Disclosure.
      No
      representation or warranty or other statement made by the Company Seller in
      this
      Agreement or otherwise in connection with the transactions contemplated herein
      contains any untrue statement or omits to state a fact necessary to make any
      of
      them, in light of the circumstances in which it was made, not misleading.

    

    
      	3.	
              Buyers’
                Representations.
                

            

    

    

    As
      an
      inducement to Seller to enter into this Agreement and to consummate the
      transaction contemplated herein, the Buyer hereby represents and warrants to
      each Seller the following:

    

    (a) Authority.
      Buyer
      has the absolute and unrestricted right, power, legal capacity and authority
      to
      enter into and perform his obligations under this Agreement, to carry out his
      obligations hereunder and to consummate the transactions contemplated hereby.
      This Agreement has been duly executed and delivered by Buyer. No filing with,
      authorization from or consent or approval of any governmental body, agency,
      official or authority or any other third party is necessary or required to
      be
      made or obtained to enable Buyer to enter into, and to perform his respective
      obligations under, this Agreement. Neither the execution and delivery of this
      Agreement, nor the consummation of the transactions contemplated hereby, will
      conflict with, or (with or without notice or lapse of time, or both) result
      in a
      termination, breach or violation of (i) any instrument, contract or agreement
      to
      which either Buyer is a party or by which he is bound, or (ii) any federal,
      state, local or foreign law, ordinance, judgment, decree, order, statute, or
      regulation, or that of any other governmental body or authority, applicable
      to
      either Buyer or his respective assets or properties. 

     

    (b) Investment
      Purpose.
      Buyer
      is acquiring the Shares for his own account, for investment purposes only and
      not with a view to the resale or distribution of any part thereof. The Buyer
      understands that the Shares are restricted securities and can not be offered
      for
      sale, sold, transferred or otherwise disposed of without an effective
      registration statement pursuant to the Securities Act of 1933, as amended,
      or an
      applicable exemption therefrom.

    

    (c) Accredited
      Investor.
      Buyer
      is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
      D promulgated under the Securities Act of 1933, as amended (the “Securities
      Act”), and has been provided with all materials and information requested by
      Buyer, including any information requested to verify any information furnished,
      and the Buyer has been provided the opportunity for direct communication between
      Seller and its representatives and the Buyer regarding the purchase contemplated
      by this Agreement, including the opportunity to ask questions and receive
      answers from Seller. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (d) Exemption
      from Registration.
      Buyer
      understands that the Shares are being offered and sold to it in reliance upon
      specific exemptions from the registration requirements of United States federal
      and state securities laws.

     

    4.    Indemnification.
      The
      Seller shall indemnify and hold harmless the Buyer and his respective employees,
      trustees, agents, beneficiaries, affiliates, representatives and their
      successors and assigns from and against any and all damages, losses,
      liabilities, taxes and costs and expenses (including, without limitation,
      attorneys’ fees and costs) resulting directly or indirectly from any
      misrepresentation, breach of warranty or nonfulfillment of any covenant or
      agreement on the part of such Seller. 

    

    
      	5.	
              Miscellaneous.

            

    

    

    (a) This
      Agreement shall be governed by and construed in accordance with the internal
      laws of the State of New York without regard to principles of conflicts of
      laws.

    

    (b) If
      any
      covenant or agreement contained herein, or any part hereof, is held to be
      invalid, illegal or unenforceable for any reason, such provision will be deemed
      modified to the extent necessary to be valid, legal and enforceable and to
      give
      effect of the intent of the parties hereto.

    

    (c) This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter hereof. This Agreement supersedes all prior agreements
      between the parties with respect to the subject matter hereof or thereof. There
      are no representations, warranties, covenants or undertakings with respect
      to
      the subject matter hereof other than those expressly set forth herein or in
      the
      other agreements referenced herein.

    

    (d) This
      Agreement may not be amended or modified except by the express written consent
      of the parties hereto. Any waiver by the parties of a breach of any provision
      of
      this Agreement shall not operate or be construed as a waiver of any subsequent
      breach thereof or of any other provision.

    

    (e) This
      Agreement shall be binding upon, inure to the benefit of, and be enforceable
      by
      the parties hereto and their respective successors and permitted assignees
      and
      heirs and legal representatives.

    

    (f) The
      parties hereto intend that this Agreement shall not benefit or create any right
      or cause of action in or on behalf of any person other than the parties
      hereto.

    

    (g) The
      parties agree that this Agreement shall be deemed to have been jointly and
      equally drafted by them, and that the provisions of this Agreement therefore
      shall not be construed against a party or parties on the ground that such party
      or parties drafted or was more responsible for the drafting of any such
      provision(s). The parties further agree that they have each carefully read
      the
      terms and conditions of this Agreement, that they know and understand the
      contents and effect of this Agreement, and that each was represented by counsel
      of its own choosing or had the opportunity to be represented by counsel of
      its
      own choosing. 

    

    (h) The
      parties hereto agree to execute and deliver such further documents and
      instruments and to do such other acts and things any of them, as the case may
      be, may reasonably request in order to effectuate the transactions contemplated
      by this Agreement.

    

    (i) This
      Agreement may be executed in counterparts and by facsimile, each of which shall
      be deemed an original and all of which together shall constitute one and the
      same instrument.

    

    

    [Remainder
      of Page Intentionally Omitted; Signature Page to Follow]

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, each of the undersigned has caused this Agreement to be
      executed by its duly authorized officer or representative as of the date first
      above written.

     

    
      	 	
              SELLER:

              

              /s/
                Lavi Krasney

              Name:
                Lavi Krasney

              Address:
                Paamoni Street 8, Tel Aviv, Israel

               

              

              BUYER:

              

              /s/
                A. Malik

              Name:
                A. Malik

              Address:
                Betzet 1 Hod Hasharon, Israel

            

    

     

    
      
        
        

      

      
        6

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