Document:

EXHIBIT
        10.1

      

      SETTLEMENT
        & TERMINATION AGREEMENT AND MUTUAL RELEASE

      

      This
        Settlement & Termination Agreement and Mutual Release (this “Agreement”)
        is
        made as of July 27, 2007 by and between NEOMEDIA
        TECHONOLOGIES, INC.,
        a
        Delaware corporation (“NeoMedia”)
        and
HIPCRICKET,
        INC.,
        a
        Delaware corporation (“HipCricket”
and
        together with NeoMedia, the “Parties”
and
        each, a “Party”).

      

      RECITALS:

      

      WHEREAS,
        on
        February 16, 2006, the Parties entered into that certain non-binding letter
        of
        intent (the “LOI”)
        whereby the Parties had agreed that within ninety (90) days following the
        execution of the LOI, the Parties would execute a mutually agreeable, definitive
        purchase agreement whereby NeoMedia would acquire all of the outstanding
        shares
        of stock of the Company (the “Definitive
        Agreement”);

       

      WHEREAS,
        pursuant to the LOI, NeoMedia also agreed to provide to HipCricket a bridge
        loan
        in the amount of Five Hundred Thousand Dollars ($500,000) in two (2) equal
        installments, the first of which would be wired within twenty-four (24) hours
        of
        executing the LOI and the second installment which would follow within thirty
        (30) days later;

      

      WHEREAS,
        pursuant to the LOI as summarized above, on February 16, 2006, HipCricket
        did
        issue a promissory note to NeoMedia in the principal amount of Two Hundred
        Fifty
        Thousand Dollars ($250,000) (the “First
        Note”)
        and on
        March 20, 2006, HipCricket did issue a second promissory note to NeoMedia
        in the
        principal amount of Two Hundred Fifty Thousand Dollars ($250,000) (the
“Second
        Note”
and
        together with the First Note, the “Notes”);

      

      WHEREAS,
        on or
        about August 23, 2006, the Parties terminated the LOI and thereby abandoned
        their efforts to consummate a Definitive Agreement;

      

      WHEREAS,
        on
        February 28, 2007 the Parties entered into that certain Termination Agreement
        (the “Termination
        Agreement”)
        pursuant to which (a) HipCricket paid off the principal on the First Note
        in
        full, (b) HipCricket paid to NeoMedia an additional Fifty Thousand Dollars
        ($50,000) towards the principal on the Second Note, (c) the Parties terminated
        the Notes, except for HipCricket’s obligations to pay to NeoMedia all interest
        accrued under the Notes as of the date of the Termination Agreement equal
        to
        Thirty-Nine Thousand Five Hundred Sixty-One Dollars and Sixty-Four Cents
        ($39,561.64) (the “Accrued
        Interest”),
        (d)
        HipCricket issued to NeoMedia a third note (the “Third
        Note”)
        representing the principal balance then due and owing under the Second Note
        equal to Two Hundred Thousand Dollars ($200,000) subject to the terms and
        conditions set forth in the Termination Agreement and the Third Note, of
        which
        One Hundred Thousand Dollars ($100,000) of the principal amount shall become
        due
        and owing on or about August 31, 2007 and the remaining One Hundred Thousand
        Dollars ($100,000) of the principal amount plus all accrued interest and
        any
        unpaid principal balance thereon shall become due and payable on February
        28,
        2008 (the “Maturity
        Date”)
        and
        (e) HipCricket was to pay to NeoMedia the Accrued Interest on or prior to
        the
        Maturity Date;

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      WHEREAS,
        the
        Parties acknowledge and agree herein that as of the date hereof, Two Hundred
        Forty-Six Thousand Two Hundred Twenty-Seven Dollars and Ninety-Six Cents
        ($246,227.96) is currently due and owing by HipCricket to NeoMedia, which
        such
        amount includes Thirty-Nine Thousand Five Hundred Sixty-One Dollars and
        Sixty-Four Cents ($39,561.64) of Accrued Interest, the outstanding principal
        amount of Two Hundred Thousand Dollars ($200,000) under the Third Note and
        Six
        Thousand Six Hundred Sixty-Six Dollars and Thirty-Two Cents ($6,666.32) of
        interest accrued on the Third Note (collectively, the “Payment
        Obligations”);

      

      WHEREAS,
        the
        Parties desire to fully and completely settle all Payment Obligations prior
        to
        the Maturity Date and to terminate the Third Note in accordance with the
        terms
        and conditions set forth herein below.

      

      AGREEMENT:

      

      NOW,
        THEREFORE,
        in
        consideration of the premises and the mutual covenants herein contained,
        and for
        other good and valuable consideration, the adequacy and receipt of which
        are
        hereby acknowledged, the Parties hereby agree as follows:

      

      1. Recitals.
        The
        above
        recitals are true and correct and are incorporated herein, in their entirety,
        by
        this reference.

      

      2 Settlement;
        Settlement Amount.
        The
        Parties hereby agree that, on the date hereof, HipCricket shall pay to NeoMedia,
        and NeoMedia shall accept from HipCricket, a cash amount equal to Two Hundred
        Twenty-One Thousand Two Hundred Twenty-Seven Dollars and Ninety-Six Cents
        ($221,227.96) (the “Settlement
        Amount”)
        in
        immediately available funds as full and complete satisfaction of the Payment
        Obligations in consideration for, among other things, the receipt by NeoMedia
        of
        the prepayment by HipCricket of the Payment Obligations prior to the Maturity
        Date. 

      

      3. Termination
        of Third Note.
        The
        Third Note is hereby terminated and all obligations for the payment of principal
        and any and all accrued interest thereunder shall be deemed fully satisfied
        and
        discharged. 

      

      4. Full
        Satisfaction of Payment Obligations; Acknowledgement of Amounts
        Owed.
        The
        Parties hereby acknowledge and agree that the Settlement Amount fully and
        completely supersedes and satisfies any and all obligations of the Parties
        including, without limitation, under the Notes and the Third Note. The Parties
        further acknowledge and agree that there are no other sums, securities or
        benefits due to NeoMedia by HipCricket now or in the future other than as
        set
        forth in this Agreement.

      

      5. Mutual
        Releases.
        

      

      (a)
         NeoMedia,
        on behalf of itself, its successors, heirs, and assigns, hereby agrees to
        completely and irrevocably discharge and release HipCricket and its former
        and
        current directors, officers, employees, and shareholders from any and all
        liabilities and obligations including, without limitation, under the LOI,
        the
        Notes and the Third Note, as well as any and all claims, demands, actions,
        damages, lawsuits, obligations, promises, administrative actions, charges
        and
        causes of action, and/or liability whatsoever, both known and unknown, in
        law or
        in equity, involving any matter arising out of or in any way related, directly
        or indirectly, to any and all obligations, duties and liabilities, including,
        without limitation, under the LOI, the Notes and the Third Note.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      (b) HipCricket,
        on behalf of itself, its successors, heirs, and assigns, hereby agrees to
        completely and irrevocably discharge and release NeoMedia and its former
        and
        current directors, officers, employees, and shareholders from any and all
        liabilities and obligations including, without limitation, under the LOI,
        the
        Notes and the Third Note, as well as any and all claims, demands, actions,
        damages, lawsuits, obligations, promises, administrative actions, charges
        and
        causes of action, and/or liability whatsoever, both known and unknown, in
        law or
        in equity, involving any matter arising out of or in any way related, directly
        or indirectly, to any and all obligations, duties and liabilities, including,
        without limitation, under the LOI, the Notes and the Third Note.

      

      6. Authority.
        The
        Parties hereto warrant that they have the full power and authority to execute
        and deliver this Agreement and to perform the obligations
        hereunder.

      

      7. Assignment.
        Neither
        this Agreement nor any right, obligation or interest hereunder shall be
        assignable, transferable or otherwise alienable by either Party hereto or
        by
        operation of law or otherwise except with the prior written consent of the
        other
        Party hereto, except that each Party may assign, in its sole discretion,
        any of
        or all of its rights, interests and obligations under this Agreement to any
        successor of such Party. Subject to the foregoing, this Agreement shall be
        binding upon the Parties hereto and their respective successors and permitted
        assigns.

      

      8. Miscellaneous.
        No
        provision of this Agreement may be modified, waived or discharged unless
        such
        waiver, modification or discharge is agreed to in writing and signed by each
        of
        the Parties hereto. No waiver by any Party hereto of, or compliance with,
        any
        condition or provision of this Agreement to be performed by such other parties
        shall be deemed a waiver of similar or dissimilar provisions or conditions
        at
        the same or at any prior or subsequent time. No agreements or representations,
        oral or otherwise, express or implied, with respect to the subject matter
        hereof
        have been made by any Party that are not set forth in this
        Agreement.

      

      9. Severance
        and Validity.
        The
        invalidity or unenforceability of any provision of this Agreement shall not
        affect the validity or enforceability of any other provision of this Agreement,
        which shall remain in full force and effect.

      

      10. Counterparts.
        This
        Agreement may be executed in several counterparts, each of which shall be
        deemed
        to be an original but all of which together shall constitute one and the
        same
        instrument.

      

      11. Entire
        Agreement.
        This
        Agreement contains the entire understanding of the Parties with respect to
        the
        subject matter hereof, supersedes any prior agreement by and among the Parties,
        and may not be changed or terminated orally. No change, termination or attempted
        waiver of any of the provisions hereof shall be binding unless in writing
        and
        signed by the Party to be bound.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      12. Negotiated
        Agreement.
        This
        Agreement has been negotiated and shall not be construed against the Party
        responsible for drafting all or parts of this Agreement.

      

      13. Notices,
        Consents, etc.  Any
        notices, consents, waivers or other communications required or permitted
        to be
        given under the terms hereof 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 transmission is mechanically
        or
        electronically generated and kept on file by the sending party); or (iii)
        one
        (1) trading 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:

      

      
        	
                If
                  to HipCricket

              	
                Hip
                  Cricket

              
	 	
                3006
                  Northrup Way, Suite 303

              
	 	
                Bellevue,
                  WA 98004 

              
	 	
                Attention:
                  Ivan Braiker

              
	 	
                Telephone:
                  (425) 452-1111

              
	 	
                Facsimilie:
                  (425) 827-1561

              
	 	 
	
                If
                  to NeoMedia:

              	
                Neomedia
                  Technologies, Inc.

              
	 	
                2201
                  Second Street, Suite 402

              
	 	
                Fort
                  Myers, FL 33901

              
	 	
                Attention: William
                  J. Hoffman, Jr.

              
	 	
                Telephone: (239)
                  337-3434

              
	 	
                Facsimile: (239)
                  337-3668

              
	 	 
	
                With
                  a copy to:

              	
                Kirkpatrick
                  & Lockhart Preston Gates Ellis LLP

              
	 	
                201
                  South Biscayne Blvd. - Suite 2000

              
	 	
                Miami,
                  FL 33131-2399

              
	 	
                Attention: Clayton
                  E. Parker, Esq.

              
	 	
                Telephone: (305)
                  539-3300

              
	 	
                Facsimile: (305)
                  358-7095

              

      

      

      or
        at
        such other address and/or facsimile number and/or to the attention of such
        other
        person as the recipient party has specified by written notice given to each
        other party three (3) trading days prior to the effectiveness of such
        change. Written confirmation of receipt (a) given by the recipient of such
        notice, consent, waiver or other communication, (b) mechanically or
        electronically generated by the sender's facsimile machine containing the
        time,
        date, recipient facsimile number and an image of the first page of such
        transmission or (c) 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 (a), (b) or (c) above, respectively.

       

      14. Governing
        Law; Jurisdiction.
        All
        questions concerning the construction, validity, enforcement and interpretation
        of this Agreement shall be governed by the internal laws of the State of
        Florida, without giving effect to any choice of law or conflict of law provision
        or rule (whether of the State of Florida or any other jurisdictions) that
        would
        cause the application of the laws of any jurisdictions other than the State
        of
        Florida. The Parties hereto (i) agree than any legal suit, action or proceeding
        arising out of or relating to this Agreement shall be instituted only in
        a
        Federal or state court in Miami-Dade County, Florida, (ii) waive any objection
        which they may now or hereafter have to the laying of the venue of any such
        suit, action or proceeding, including, without limitation, any objection
        based
        on the assertion that such venue is an inconvenient forum and (iii) irrevocably
        submit to the jurisdiction of such Federal or state court in Miami-Dade County,
        Florida in any such suit, action or proceeding. The Parties hereto agree
        that
        the mailing of any process in any suit, action or proceeding in accordance
        with
        the notice provisions of this Agreement shall constitute personal service
        thereof. 

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      [REMAINDER
        OF PAGE INTENTIONALLY BLANK]

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
        WITNESS WHEREOF,
        the
        Parties hereto have executed this Settlement & Termination Agreement and
        Mutual Release as
        of the
        date first above written.

       

      
        	 	
                NEOMEDIA
                  TECHNOLOGIES, INC.

              
	 	 
	 	 
	 	
                By:
                  ___________________________  

              
	 	
                Name: William
                  J. Hoffman, Jr.

              
	 	
                Title: Chief
                  Executive Officer

              
	 	 
	 	 
	 	
                HIPCRICKET,
                  INC.

              
	 	 
	 	 
	 	
                By:___________________________

              
	 	
                Name: Ivan
                  Braiker

              
	 	
                Title:
                  Chief Executive OfficerUnassociated Document

    
      THIRD
        AMENDMENT

      

      TO

       

      CREDIT
        AGREEMENT

       

      AMONG

       

      AURORA
        ANTRIM NORTH, L.L.C.

      as
        Borrower,

      

      AURORA
        ENERGY, LTD. AND

      AURORA
        OIL & GAS CORPORATION,

      as
        Guarantors,

       

      BNP
        PARIBAS,

      as
        Administrative Agent,

       

      and

       

      The
        Lenders Signatory Hereto

      
Effective
        as of June 20, 2007

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      THIRD
        AMENDMENT TO CREDIT AGREEMENT

    

    

    This
      THIRD
      AMENDMENT TO CREDIT AGREEMENT (this
      “Third
      Amendment”)
      executed effective as of June 20, 2007 (the “Third
      Amendment Effective Date”)
      is
      among AURORA
      ANTRIM NORTH, L.L.C., a
      Michigan limited liability company (the “Borrower”);
      each
      of AURORA
      ENERGY, LTD.,
      a Nevada
      corporation and AURORA
      OIL & GAS CORPORATION (formerly
      known as Cadence Resources Corporation),
      a Utah
      corporation (the “Guarantors”,
      and
      together with the Borrower, the “Obligors”);
      each
      of the Lenders that is a signatory hereto; and BNP
      Paribas,
      as
      administrative agent for the Lenders (in such capacity, together with its
      successors, the “Administrative
      Agent”).

    

    Recitals

    

    A. The
      Borrower, the Guarantors, the Administrative Agent and the Lenders are parties
      to that certain Credit Agreement dated as of January 31, 2006, as amended by
      the
      First Amendment to Credit Agreement, dated July 14, 2006 and the Second
      Amendment to Credit Agreement, dated December 21, 2006 (as amended, the
“Credit
      Agreement”),
      pursuant to which the Lenders have made certain credit available to and on
      behalf of the Borrower.

    

    B. The
      Borrower has requested and the Administrative Agent and the Lenders have agreed
      to amend certain provisions of the Credit Agreement.

    

    C. NOW,
      THEREFORE, in consideration of the premises and the mutual covenants herein
      contained, for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, the parties hereto agree as follows:

    

    Section
      1. Defined
      Terms.
      Each
      capitalized term which is defined in the Credit Agreement, but which is not
      defined in this Third Amendment, shall have the meaning ascribed to such term
      in
      the Credit Agreement. Unless otherwise indicated, all section references in
      this
      Third Amendment refer to the Credit Agreement.

    

    Section
      2. Amendments
      to Credit Agreement.

    

    2.1 Definitions.
      Section
      1.02 is hereby amended by amending and restating the following
      definition:

    

    “
      ‘Agreement’
means
      this Credit Agreement, as amended by that certain First Amendment to Credit
      Agreement, dated as of July 14, 2006, that certain Second Amendment to Credit
      Agreement, dated as of December 21, 2006 and the Third Amendment to Credit
      Agreement, dated as of June 20, 2007, and as the same may from time to time
      be
      further amended, modified, supplemented or restated.”

    

    2.2 Section
      9.01(a).
      Section
      9.01(a) is hereby amended and restated in its entirety as follows:

    

    “(a) Interest
      Coverage Ratio.
      The
      Borrower, on a consolidated basis (with Aurora and Cadence), will not, as of
      the
      last day of any fiscal quarter, permit its ratio of EBITDAX for such fiscal
      quarter then ending to Interest Expense for such period to be (i) less than
      2.0
      to 1.0 for the quarters ending on June 30, 2007 and September 30, 2007, (ii)
      less than 2.25 to 1.0 for the fiscal quarter ending December 31, 2007 and (iii)
      less than 2.5 to 1.0 for all fiscal quarters ending on or after March 31,
      2008.”

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.3 Section
      9.18.
      Section
      9.18 is hereby amended by amending and restating the last sentence of such
      section as follows:

    

    “Swap
      Agreements may contain contingent requirements, agreements or covenants for
      the
      Borrower or a Subsidiary to post collateral or margin to secure their
      obligations under such Swap Agreement or to cover market exposures, provided
      that the Borrower is in compliance with Section 9.03.”

    

    Section
      3. Conditions
      Precedent.
      The
      effectiveness of this Third Amendment is subject to the receipt by the
      Administrative Agent of the following documents and satisfaction of the other
      conditions provided in this Section 3, each of which shall be reasonably
      satisfactory to the Administrative Agent in form and substance:

    

    3.1 Payment
      of Outstanding Invoices.
      Payment
      by the Borrower to the Administrative Agent of all fees and other amounts due
      and payable on or prior to the Third Amendment Effective Date, including, to
      the
      extent invoiced, reimbursement or payment of all out-of-pocket expenses required
      to be reimbursed or paid by the Borrower. 

    

    3.2 Third
      Amendment.
      The
      Administrative Agent shall have received multiple counterparts as requested
      of
      this Third Amendment from each Lender.

    

    3.3 No
      Default.
      No
      Default or Event of Default shall have occurred and be continuing as of the
      Third Amendment Effective Date.

    

    Section
      4. Representations
      and Warranties; Etc.
      Each
      Obligor hereby affirms: (a) that as of the date of execution and delivery of
      this Third Amendment, all of the representations and warranties contained in
      each Loan Document to which such Obligor is a party are true and correct in
      all
      material respects as though made on and as of the Third Amendment Effective
      Date
      (unless made as of a specific earlier date, in which case, was true as of such
      date); and (b) that after giving effect to this Third Amendment and to the
      transactions contemplated hereby, no Defaults exist under the Loan Documents
      or
      will exist under the Loan Documents.

    

    Section
      5. Miscellaneous.

    

    5.1 Confirmation.
      The
      provisions of the Credit Agreement (as amended by this Third Amendment) shall
      remain in full force and effect in accordance with its terms following the
      effectiveness of this Third Amendment.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    5.2 Ratification
      and Affirmation of Obligors.
      Each of
      the Obligors hereby expressly (i) acknowledges the terms of this Third
      Amendment, (ii) ratifies and affirms its obligations under the Guarantee
      Agreement and the other Security Instruments to which it is a party, (iii)
      acknowledges, renews and extends its continued liability under the Guarantee
      Agreement and the other Security Instruments to which it is a party and agrees
      that its guarantee under the Guarantee Agreement and the other Security
      Instruments to which it is a party remains in full force and effect with respect
      to the Indebtedness as amended hereby.

    

    5.3 Counterparts.
      This
      Third Amendment may be executed by one or more of the parties hereto in any
      number of separate counterparts, and all of such counterparts taken together
      shall be deemed to constitute one and the same instrument.

    
       

      5.4 No
        Oral Agreement.
        THIS
        WRITTEN THIRD AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS
        EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT
        BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
        CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
        SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES.

      

      5.5 Governing
        Law.
        THIS
        THIRD AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY
        HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
        OF THE
        STATE OF TEXAS.

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be
      duly
      executed effective as of the date first written above.

    
      	 	 	 
	 BORROWER:
              	
              AURORA
                ANTRIM NORTH, L.L.C.

            
	 	 
	 	
              By:
                Aurora Energy, Ltd., its sole manager

            
	 
 	 
 	 
 
	
            	By:  	 /s/
              William W. Deneau
	 	
              
William
              W. Deneau, Chief Executive Officer
	 	
            

    
      	 	 	 
	
              GUARANTORS:

            	
              AURORA
                ENERGY, LTD.

            
	 
 	 
 	 
 
	
            	By:  	 /s/
              William W. Deneau
	 	
              
William
              W. Deneau, Chief Executive Officer
	 	 

      	 	 	 
	 	
              AURORA
                OIL & GAS CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	 /s/
              William W. Deneau
	 	
              

              William
                W. Deneau, Chief Executive Officer

            
	 	
            

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	ADMINISTRATIVE
              AGENT:	BNP
              PARIBAS,
              
              as
                Administrative Agent and Lender

            
	 
 	 
 	 
 
	 	By:  	/s/
              Douglas R. Liftman
	 	
              
Name:
              Douglas R. Liftman
	 	Title: Managing
              Director

    

    
      	 	 	 
	 
 	 
 	 
 
	
            	By:  	/s/
              Greg Smothers
	 	
              
Name:
              Greg Smothers
	 	Title: Vice
              President

    

    
      	 	 	 
	LENDERS:	COMERICA
              BANK
	 
 	 
 	 
 
	
            	By:  	/s/
              Peter L. Sefzik
	 	
              
Name:
              Peter L. Sefzik
	 	Title: Vice
              President

    

     

    
      
        
        

      

      
        6

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