Document:

ex10-2

 

Exhibit 10.2

     AMENDMENT TO RESTRUCTURE AGREEMENT

         This Amendment to Restructure Agreement (“Amendment”) is made as of April
3, 2002 by and among SILICON VALLEY BANK, a California banking corporation
(“SVB”), INTERNATIONAL MICROCOMPUTER SOFTWARE, INC., a California corporation
(“IMSI” or “Borrower”), ARTTODAY.COM, Inc. an Arizona Corporation (“ArtToday”),
and DIGITAL CREATIVE DEVELOPMENT CORPORATION (“DCDC”) a Utah corporation and
amends that certain Restructure Agreement dated as of October 9, 2001 executed
by the same parties.

RECITALS

	 	A.	 	SVB, IMSI, ArtToday and DCDC entered into a Restructure Agreement
(“Restructure Agreement”) dated as of October 9, 2001 which related
among other things to (i) a Loan and Security Agreement dated November
3, 1998 between SVB and IMSI (“SVB Loan Agreement”); and (ii) a First
Amended and Restated Loan Agreement (“UBOC Loan Agreement”) dated as of
April 23, 1999, between IMSI and Union Bank of California (“UBOC”).
	 
	 	B.	 	In connection with the Restructure Agreement, (i) DCDC acquired the
UBOC Loan Agreement and the related promissory notes, (ii) DCDC
executed a Subordination Agreement with SVB dated as of October 9, 2001
relating to the UBOC Loan Agreement; (iii) DCDC executed a Pledge
Agreement in favor of SVB dated as of October 9, 2001.
	 
	 	C.	 	Following execution of the Restructure Agreement, a Reaffirmation
of Subordination Agreement was executed in favor of SVB (“Reaffirmation
Agreement”) upon completion of a merger between DCDC and a subsidiary
of DCDC. The term “DCDC” shall herein refer to the surviving entity
from and after such merger, and to the prior entity prior to such
merger.
	 
	 	D.	 	In connection with the Restructure Agreement IMSI executed a
Revised Promissory Note payable to SVB in the original principal sum of
$1,200,000 dated as of October 9, 2001 (“Revised SVB Note”).
	 
	 	E.	 	The obligations of IMSI under the Restructure Agreement and the
related documents were guaranteed by ArtToday under the terms of a
Guaranty (“ArtToday Guaranty”), which was subject to a Reaffirmation of
Guaranty executed by ArtToday dated as of October 9, 2001.
	 
	 	F.	 	The obligations of ArtToday under the ArtToday Guaranty are secured
by all of the assets of ArtToday pursuant to the terms of:

                           (i) a Security Agreement (All Personal Property Assets) (“ArtToday
Security Agreement”); and

	 	 	 
	(ii)	 	
an Intellectual Property Security Agreement executed by
ArtToday (“ArtToday IP Security Agreement”)

39

 

	 	G.	 	The obligations of IMSI under the Restructure Agreement and the SVB
Loan Agreement and the Revised Promissory Note are also secured by the
assets which had secured the UBOC Loan agreement including without
limitation the stock in ArtToday held by UBOC under a Pledge Agreement
executed by IMSI (“IMSI Pledge Agreement”).
	 
	 	H.	 	Defined terms used but not defined in this Agreement shall have the
meaning provided in the Restructure Agreement and/or the SVB Loan
Agreement.

AGREEMENT

NOW THEREFORE, in consideration of the above recitals and the covenants
contained herein and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows:

	 	1.	 	Acknowledgement of SVB Obligations. IMSI and DCDC and ArtToday
hereby acknowledge as follows:

	 	 	 
	a.	 	
Borrower is obligated to SVB according to the terms of
the Restructure Agreement and under SVB Loan Agreement.
	
	
	
	

	b.	 	
As of March 27, 2002 the following amounts were
outstanding: principal in the sum of $700,000; interest as
provided in the Revised Promissory Note; and costs of SVB,
including reasonable attorneys’ fees and costs in an amount to be
specified.

	 	2.	 	Acknowledgment of Liens and Guaranties. IMSI, DCDC, and ArtToday
hereby agree and acknowledge that the guarantees and security
agreements and the pledge agreement referred to in the above Recitals
still remain in effect and all liens have been fully perfected.
	 
	 	3.	 	Discounted Payment.

	 	 	 
	a.	 	
SVB agrees that if payment is made not later than close
of business on the Deadline Date SVB shall accept the Discounted
Payment Sum in satisfaction of IMSI’s obligations under the
Revised Promissory Note and the SVB Loan Agreement.
	
	
	
	

	b.	 	
IMSI hereby agrees to pay to SVB the Discounted Payment
Sum not later than close of business on the Deadline Date.
	
	
	
	

	c.	 	
The Discounted Payment Sum shall mean:

	 	 	 
	i.	 	
Six hundred thousand dollars ($600,000)

plus
	
	
	
	

	ii.	 	
Any and all interest, which shall accrue
on the Deposit.

	 	 	 
	d.	 	
The Deadline Date shall be Friday April 5, 2002.

	 	4.	 	Satisfaction of Obligations. Upon timely payment of the Discounted
Payment Sum and upon satisfaction of the terms herein:

	 	 	 
	a.	 	
IMSI’s obligations under the Revised Promissory Note
and the SVB Loan Agreement shall be deemed satisfied;
	
	
	
	

	b.	 	
ArtToday’s obligations under the Limited Guaranty, the
ArtToday Security Agreement, and the ArtToday IP Security
Agreement shall be deemed satisfied;
	
	
	
	

	c.	 	
SVB shall release all collateral for the Revised
Promissory Note, the SVB Loan Agreement and the Limited Guaranty
and all collateral held under the Restructure Agreement. The IP
Security Agreement, and the Pledge Agreement shall be deemed
terminated.
	
	
	
	

	d.	 	
DCDC’s obligation under the Subordination Agreement
shall be deemed satisfied;
	
	
	
	

	e.	 	
SVB shall release all collateral held for the
Subordination Agreement.

	 	5.	 	Deposit of Funds. Not later than Thursday March 28, 2002, IMSI
shall deposit with SVB the sum of six hundred thousand dollars
($600,000) (“Deposit”). IMSI shall not withdraw such funds or any
interest, which accrues thereon except to provide to SVB the Discounted
Payment Sum by the Deadline Date.

40

 

	 	6.	 	Grant of Security Interest. IMSI hereby grants to SVB a security
interest in the Deposit and all funds maintained therein to secure
performance and payment of all obligations under this Amendment, the
Restructure Agreement and under the SVB Loan Agreement. SVB shall have
all rights in the Deposit as provided in the California Commercial
Code. In the event of a breach of or the occurrence of an event of
default under this Amendment, under the Restructure Agreement or under
the SVB Loan Agreement, SVB shall have all rights provided in the
California Commercial Code relative to the Deposit and all rights to
enforce its security interest therein..
	 
	 	7.	 	Indemnification.

	 	 	 
	a.	 	
IMSI, DCDC and ArtToday (“Indemnifying Parties”) each
hereby agrees to indemnify and hold SVB harmless against and from
any and all claims, liability, Losses, defined below, damages,
judgments or expenses of any nature whatsoever (collectively the
“Indemnified Liabilities”) which the SVB may suffer or incur or
which may arise in connection with the this Amendment, the
Restructure Agreement, the SVB Loan Agreement, the UBOC Loan
Agreement and any and all documents and/or instruments and/or
agreements executed in connection with any of the foregoing (or
any extensions, renewals, modifications or replacements thereof)
(collectively the “Indemnification Documents”) or any demand made
upon Bank which are related to or arise from:

	 	 	 
	i.	 	
Action taken by any of the Indemnifying
Parties in connection with, or related to, any of the
Indemnification Documents;
	
	
	
	

	ii.	 	
Any claims by the Unsecured Creditors,
Imageline, Baystar Capital and/or Heller Financial;

	 	 	 
	b.	 	
The term “Losses” as used above shall include, without
limitation, any and all losses incurred by Bank including the
inability of the Bank to recover from the proceeds of the IMSI,
DCDC and ArtToday Collateral and the obligations owed under
Guaranteed Agreements.
	
	
	
	

	c.	 	
This indemnification shall remain in effect even after
payment of the Discounted Payment Sum.

	 	8.	 	Representation and Warranties of SVB. SVB hereby makes the
following representations and warranties to IMSI, DCDC and ArtToday:
(i) All corporate action on the part of SVB, its officers and directors
necessary for the authorization, execution and delivery of this
Agreement and the agreement contemplated hereby and the performance of
all obligations of SVB under such agreements has been taken or will be
taken prior to their execution, and this Agreement; and (ii) the
agreements contemplated to which SVB is a party herein constitute valid
and legally binding obligations of SVB, enforceable in accordance with
their terms, except as subject to laws of general application relating
to bankruptcy, insolvency and relief of debtors and rules of law
governing specific performance, injunctive relief or other equitable
remedies.
	 
	 	9.	 	Additional Representations and Warranties To SVB. The following
representations and warranties are made to SVB:

	 	 	 
	a.	 	
DCDC hereby represents and warrants to SVB as follows:

	 	 	 
	i.	 	
DCDC is duly organized, validly existing
and in good standing under the laws of the state of Utah
with its principal place of business at 1325 Avenue of the
Americas, 26th Flr., New York, NY 10019, and has all
requisite corporate power and authority to carry on its
business as now conducted or proposed to be conducted; and

	 	 	 
	b.	 	
IMSI represents and warrants to SVB as follows:

	 	 	 
	i.	 	
IMSI is duly organized, validly existing
and in good standing under the laws of the state of
California with its principal place of business at 75
Rowland Way, Novato, California and has all requisite
corporate power and authority to carry on its business as
now conducted or proposed to be conducted;

	 	 	 
	c.	 	
ArtToday represents and warrants to SVB as follows:

41

 

	 	 	 
	i.	 	
ArtToday is a corporation duly organized,
validly existing and in good standing under the laws of
the State of Arizona, or if not in good standing, shall be
in good standing in the State of Arizona within ten (10)
day as of the signing of this Agreement and remain in good
standing until the SVB Obligations are paid in full;

	 	 	 
	d.	 	
DCDC, IMSI, and ArtToday each severally represents and
warrants to SVB as follows:

	 	 	 
	i.	 	
The execution, delivery and performance
of this Agreement and of any instrument or agreement
required by this Agreement are within its powers, have
been duly authorized, are not in conflict with the terms
of any of its charters, bylaws or other organization
papers and are not in conflict with any law or any
indenture, agreement or undertaking to which it is a party
or by which it is bound or affected. The execution,
delivery and performance of this Agreement and the
agreements contemplated herein and the consummation of the
transactions contemplated hereby and thereby will not be
in conflict with or constitute, with or without the
passage of time and giving of notice, either a default
under any instrument, judgment, order, writ, decree or
contract or an event which results in the creation of, any
lien, charge or encumbrance upon any of its assets.
	
	
	
	

	ii.	 	
All financial information submitted by or
on its behalf to SVB is true and correct in all material
respects and is complete insofar as may be necessary to
give SVB a true and accurate knowledge of the subject
matter thereof.

	 	10.	 	Events of Default. At the option of SVB, the following shall
constitute an “Event of Default” under this Agreement:

	 	 	 
	a.	 	
Breach of any provision of this Agreement or any
agreement, instrument or certificate executed pursuant hereto.
	
	
	
	

	b.	 	
Breach (whether presently existing or hereafter
occurring) of any provision of, or the occurrence of an Event of
Default, excluding the Stated Defaults, under the Restructure
Agreement.
	
	
	
	

	c.	 	
Discovery that: (i) any representation or warranty
herein or in any agreement, instrument or certificate executed
pursuant hereto; or (ii) any financial information provided to
SVB in connection herewith, was false or misleading in any
material respect when made or provided to SVB.

	 	11.	 	Remedies Upon Default. Upon the occurrence of an Event of Default,
SVB may at its option and without notice or demand:

	 	 	 
	a.	 	
Immediately enforce all rights and remedies provided
under the Restructure Agreement and all related documents.
	
	
	
	

	b.	 	
Immediately enforce all rights under this Amendment and
under applicable law.
	
	
	
	

	c.	 	
Exercise any or all of its remedies against the
Deposit.

	 	12.	 	Waiver and Release of SVB.

	 	 	 
	a.	 	
In further consideration of SVB entering into this IMSI
and DCDC and ArtToday and each of their past and present
officers, directors, employees, agents, successors and assigns
(collectively referred to as the “IMSI Releasing Parties”) hereby
waive and release any and all claims, rights and defenses, causes
of action and offsets of any nature whatsoever (known or unknown)
which each of the IMSI Releasing Parties now has (or might have)
against SVB, all of SVB’s past and present officers, directors,
employees, agents, attorneys or representatives arising from or
in any way related to the SVB Loan Agreement and all
modifications, supplements and extensions thereto, all the
advances thereunder, all documents executed in connection
therewith and SVB’s actions in connection therewith.
	
	
	
	

	b.	 	
This waiver and release is not intended to release and
waive, nor shall it be interpreted as releasing and waiving,
rights, defenses, claims, causes of actions and offsets arising
from

42

 

	 	 	 
	
	
	
	

	 	 	
or related to this Agreement and the breach of any representation,
warranty or covenant contained herein.
	
	
	
	

	c.	 	
Each of the IMSI Releasing Parties understands (a) that
it is possible that unknown losses or claims may exist, or (b)
that past known losses have been underestimated; nevertheless
each of the IMSI Releasing Parties is taking this risk into
account in determining the consideration it is to receive for
this release through this Agreement. Consequently, each of the
IMSI Releasing Parties expressly waives all rights and benefits
conferred by Section 1542 of the California Civil Code which
provides as follows:

	 	 	 
		 	
A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor
at the time of executing the release, which if known by
him must have materially affected his settlement with
the debtor.”

	 	 	 	 	 	 	 
		 	
Initials
	 	 	 	
	
	
	
	

	 	 	 	 	
	 	 

	 	 	 
	d.	 	
The waiver and release specified above will become
effective immediately upon:

	 	 	 
	i.	 	
execution and delivery to SVB of the
Transaction Documents and
	
	
	
	

	ii.	 	
completion of the Related Actions.

	 	13.	 	Preservation of Agreements. Except as expressly modified herein,
the terms and conditions of Restructure Agreement and all related
documents (including without limitation the SVB Loan Agreement, the IP
Security Agreement, the Pledge Agreement, the Limited Guaranty, the
ArtToday Security Agreement, and the ArtToday IP Security Agreement)
remain in full force and effect and unmodified.
	 
	 	14.	 	Execution in Counterparts. This Amendment may be executed
simultaneously in one or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and
the same instrument.
	 
	 	15.	 	Advice of Attorney. Each of the parties hereto expressly declares
that it knows and understands the contents of this Amendment and has
had an opportunity to consult with an attorney regarding its form and
content.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment to
Restructure Agreement.

	 	 	 
	DIGITAL CREATIVE DEVELOPMENT CORPORATION,	 	
SILICON VALLEY BANK,
	
	
	
	

	a Utah corporation	 	
a California banking corporation
	
	
	
	

		 	
	
	
	
	

	By: /S/ Gary Herman	 	
By: /S/ Susan Phillips McGee
	
	
	
	

	Gary Herman	 	
Susan Phillips McGee
	
	
	
	

	CEO	 	
Senior Vice President
	
	
	
	

		 	
	
	
	
	

	INTERNATIONAL MICROCOMPUTER SOFTWARE, INC.,	 	 
	
	
	
	

	a California corporation	 	 
	
	
	
	

		 	
	
	
	
	

	By: /s/ Martin Wade, III	 	 
	
	
	
	

	Martin Wade, III	 	 
	
	
	
	

	Director , CEO & CFO	 	 
	
	
	
	

		 	
	
	
	
	

	ARTTODAY.COM, INC.,	 	 
	
	
	
	

	an Arizona corporation	 	 
	
	
	
	

		 	
	
	
	
	

	By: /s/ Martin Wade, III	 	 
	
	
	
	

	Martin Wade, III	 	 
	
	
	
	

	CEO	 	 

43<PAGE>
                                                                   Exhibit 10.31

        INFORMATION DENOTED BY [*] HEREIN HAS BEEN OMITTED PURSUANT TO A
      REQUEST FOR CONFIDENTIAL TREATMENT. THIS INFORMATION HAS BEEN FILED
            SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                                LICENSE AGREEMENT

         This Agreement effective the 9th day of March 2000 is by and between
Henry B. Freedman, an individual having an address of Box 2413, Springfield,
Virginia 22152 (hereinafter "Licensor"); and printCafe, Inc., a Delaware
corporation, having a place of business at 40 24th Street, 5th Floor,
Pittsburgh, Pennsylvania 15222 (hereinafter" Licensee") (collectively, the
"Parties").

RECITALS

         WHEREAS, Licensor is the owner of the Licensed Patent; and

         WHEREAS, Licensee is desirous of acquiring from Licensor a
non-exclusive license under the Licensed Patent; and

         NOW, THEREFORE, for and in consideration of the foregoing premises and
of the mutual covenants set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Parties, intending to be legally bound, covenant and agree as follows:

DEFINITION

         As used herein the term "Licensed Patent" shall mean U.S. Patent No.
4,839,829 entitled Automated Printing Control System (hereinafter "the '829
Patent") and all divisionals, continuations, continuations-in-part, reissues,
reexaminations, and/or extensions thereof including all foreign counterparts of
the foregoing, and all other patents and/or patent applications that have been
or shall be filed and/or issued in the United States and all foreign countries
on any of the improvements included in the '829 Patent.

ARTICLE I - GRANT OF LICENSE

         A. Licensor hereby grants to Licensee under the terms and conditions
hereinafter stated (i) a non-exclusive right and license to make, advertise,
have made, use and import into the United States systems (which may include
hardware, software and/or combinations of hardware and software) embodying the
claimed invention of the Licensed Patent (hereinafter "Systems") for its own
use; and (ii) a non-exclusive right

                                       1
<PAGE>

and license to allow others ("End-Users") to make use of and/or to otherwise
access (but not to copy, download, disseminate or otherwise obtain or
appropriate) such Systems through Licensee's Internet Web Site ("Web Site Use
rights"). As used herein, the term Web Site shall mean a computer-based
resource, including the hardware and/or software thereof, which can be reached
by other computers or network-capable appliances over one or more computer
networks using a Uniform Resource Locator (URL) and a Web Browser or similar
application, or by other such means. It is expressly understood and agreed
between Licensor and Licensee that (i) Licensee may deploy Systems within/as
part of one or more hosted Web sites or environments that may be physically
separate from Licensee's address noted above, (ii) Licensor reserves the
exclusive right to grant further licenses to other users of Systems of the
Licensed Patent, and (iii) third parties acquire no license or other rights to
make or sell Systems under this Agreement.

         B. Licensee shall not have the right to grant any sub-license or other
rights to third parties, other than the Web Site Use rights specified above,
under the rights granted to it by this Agreement.

         C. Licensor hereby releases, acquits and forever discharges Licensee;
its subsidiaries and affiliated companies; its successors in interest; its sales
representatives, distributors and customer including End-Users (collectively
referred to as "the Released Entities"); and each of the Released Entities'
respective owners, agents, representatives, attorneys, employees, officers,
directors, and stockholders from and against any and all claims, demands, causes
of action or liabilities of any kind, character or nature whatsoever, for past
and/or present infringements of the Licensed Patent arising out of the offering
for sale, making, having made, using, selling or importing of Systems. The
purpose and intent of this release is to ensure that Licensee, its various
representatives, distributors and customers are immune from suit for any past
and/or present infringement, including any claims of direct infringement,
contributory infringement and/or inducement of infringement by others, of the
License Patent arising out of the offering for sale, making, having made, using,
selling or importing of Systems and/or parts thereof.

                                       2
<PAGE>

ARTICLE II - COMPENSATION

         A. As consideration for the license granted herein and during the Term
of this Agreement, Licensee agrees to pay Licensor [*] (the "License Fee") to be
paid as follows:

            1.  [*] within ten (10) days after the effective date of this
                Agreement;
            2.  [*] by January 2, 2001; and
            3.  [*] by January 2, 2002.

         B. The payments of the Licensee Fee shall be made even in the event
that there is a finding by a court of competent jurisdiction, that one or more
claims of the Licensed Patent is/are invalid and such a finding shall not
terminate, or give rise to any rights by Licensee to terminate, this Agreement.
Licensee agrees that it will not challenge the validity or enforceability of the
'829 Patent.

ARTICLE III - OTHER LICENSEES

         A. From the effective date of this Agreement until the expiration of
the '829 Patent, Licensor agrees that it will not, except upon consent of the
Licensee in writing, license the Licensed Patent to other e-commerce printing
entities listed on Appendix A attached hereto and made a part hereof on
more favorable terms than those agreed to between the parties concerning the
Licensed Patent. [*].

ARTICLE IV - WARRANTIES AND OBLIGATIONS

         A. Licensor warrants that, at the time of the execution of this
Agreement, it has the legal right and power to grant to Licensee the rights
granted under this Agreement.

                                       3
<PAGE>

         B. Licensor warrants that it has not granted any rights or made any
commitments relative to the granting of any rights, which are inconsistent with
the rights granted to Licensee under this Agreement.

         C. Licensor makes no other representations or warranties, express or
implied, and does not assume any liability with respect to infringement of
patents or other rights of third parties due to Licensee's operation under the
license granted herein.

         D. Licensor shall have no obligation to enforce the Licensed Patent
against any third party or to defend any action or suit which challenges the
validity of the Licensed Patent. Licensee shall have no right to enforce the
Licensed Patent against any third party.

         E. The Parties agree to take reasonable steps to ensure the
confidentiality of the terms of this Agreement and, accordingly, any release of
information relating to this Agreement must be reviewed and approved in advance
by each of the Parties, except that copies of this Agreement may be made
available to government agencies in compliance with regulations thereof
requiring the disclosure of material agreements. Neither party shall be liable
for disclosure of the terms of this Agreement if made in response to a valid
order of a court or authorized agency of government; provided that ten (10)
days' notice first be given to the other part so a protective order, if
appropriate, may be sought by such party. Furthermore, either party may
disclose, in confidence, the terms of this Agreement to its financial
consultants, tax planners and/or advisors, attorneys, underwriters, and/or third
parties under an obligation to the disclosing party to preserve the secrecy of
the disclosing party's confidential information, without the consent of the
other party. Anything to the contrary notwithstanding, Licensor may disclose the
terms of this Agreement under suitable confidentiality terms in connection with
further licensing of the Licensed Patent.

         F. The Parties shall cooperate in reasonable efforts to publicize the
'829 Patent through the joint dissemination of a press release in a form
substantially similar to that attached hereto within sixty (60) days of the
Effective Date. Nothing herein shall preclude further announcements by the
Parties.

                                       4
<PAGE>

ARTICLE V - MARKING

         Licensee shall mark and prominently display the legend "U.S. Patent
4,839,829" on all literature, users manuals and documentation produced that
promotes the system under the Licensed Patent and on all web sites that promote
or feature the system of the License Patent. Furthermore, Licensee must
prominently list the Licensed Patent as licensed from Henry B. Freedman and must
prominently list the web site and telephone number of Henry B. Freedman as the
owner of the Licensed Patent on Licensee's Internet web site.

ARTICLE V - TERM AND TERMINATION

         A. Unless sooner terminated as provided below, this Agreement shall
remain in effect until the expiration of the last to expire of the Licensed
Patent (the Term).

         B. If Licensee, at any time, defaults in any payments due hereunder or
breaches any material term of this Agreement, Licensor shall have the right to
give notice of such default or breach to Licensee, in writing, and, if the
default is not cured within thirty (30) days after receipt of the notice,
Licensor, at its option, may immediately terminate this Agreement and license
granted herein by giving written notice of termination to Licensee.

ARTICLE VI - ADMINISTRATION

         A. This Agreement shall be binding upon and shall inure to the benefit
of and be enforceable by Licensor and its successors in interest and assigns.
This Agreement and the rights granted hereunder are personal to Licensee and
Licensee may not sell, pledge, assign or transfer this Agreement and the rights
granted hereunder nor delegate any duties or obligations hereunder, without the
written consent of the Licensor, except that a change of ownership or control of
Licensee (whether by merger, operation of law, a sale of all or substantially
all of the assets of Licensee or otherwise) shall not be deemed an impermissible
assignment of this Agreement. Licensee agrees to promptly notify Licensor of any
change of ownership or control of Licensee. For purposes of this Article VII, a
change in ownership or control with respect to Licensee means a transaction
resulting in (i) the sale, disposition or other transfer of greater than fifty
percent (50%) of

                                       5
<PAGE>

the outstanding voting securities of Licensee by the current stockholders of
Licensee other than by way of merger, acquisition or operation of law; (ii) a
sale of all or substantially all of the assets of Licensee; or (iii) the
acquisition of the beneficial ownership (as determined with reference to Rule
l3d-3 of the General Rules and Regulations of the Securities Exchange Act of
1934, as amended, in effect on the date of this Agreement) of greater than fifty
percent (50%) of the outstanding voting securities of Licensee.

         B. This Agreement shall be construed, interpreted and applied in
accordance with the law of Virginia, without regard to that State's body of law
regarding conflicts of law.

         C. The Parties agree that if in the event any either party shall need
to pursue its rights under this Agreement and license in a court of competent
jurisdiction, the court shall award to the prevailing party its cost involved in
pursuing the dispute, including attorneys' fees, and such award shall be paid by
the other party.

         D. In the event that any provision of this Agreement is determined by a
court of competent jurisdiction to be unenforceable or invalid, the Parties
hereto agree that such provision found to be unenforceable or invalid shall be
enforced to the full extent permitted and, in any event, all other provisions of
this Agreement shall remain valid and enforceable as if the unenforceable or
invalid portion had never been made a part hereof. Furthermore, no damages for
any act of infringement of the Licensed Patent by Licensee or any of the
Released Entities shall accrue from the Effective Date.

         E. All notices required to be provided for by the terms of this
Agreement shall be given in writing and shall be deemed to have been duly given
if addressed and sent by registered or certified mail, return receipt requested,
with the postage prepaid, or by overnight courier services to the address of
such party as set forth above or to such other address as either party may, by
written notice, appoint for that purpose with a copy to counsel for each party.
Counsel are as follows:

            Licensor:

                     Ronald L. Panitch, Esquire
                     Akin, Gump, Strauss, Hauer & Feld, L.L.P.
                     One Commerce Square
                     2005 Market Street, 22nd Floor

                                       6
<PAGE>

                     Philadelphia, PA 19103
                     Telephone (215) 965-1300

            Licensee:

         F. With respect to the subject matter of this Agreement, the foregoing
constitutes the entire and only understanding between the Parties, and this
Agreement supersedes any prior or collateral agreements or understandings
between the Parties with respect to the subject matter thereof. No terms,
conditions or statements purporting to modify, vary or waive the terms of this
Agreement shall be effective unless made in writing and signed by the Parties
hereto. This Agreement is the product of an arms-length negotiation between the
Parties, with each of the Parties being represented by legal counsel of their
choice. Nothing in this Agreement and the negotiations leading to its
consummation shall be construed as offering any tax-related advice to either of
the Parties by the other party.

         IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed by its authorized representatives.

                                       Henry B. Freedman

Date:   3-9-2000                       /s/ Henry B. Freedman
      --------------------             ---------------------------------

                                       printCafe, Inc.

Date:   3/9/00                         BY:  /s/ Marc Olin
      --------------------                 -----------------------------

                                       NAME:  Marc Olin
                                              --------------------------

                                       TITLE: President
                                              --------------------------

                                       7
<PAGE>

                                   APPENDIX A
                                   ----------

                          E-COMMERCE PRINTING ENTITIES

1.       [*]

2.       [*]

3.       [*]

4.       [*]

5.       [*]

6.       [*]

7.       [*]

8.       [*]

                                       8

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