Document:

f8k010614ex10iii_one2one.htm

EXHIBIT 10.3

 

STOCK PLEDGE AGREEMENT

 

This Stock Pledge Agreement (this “Agreement”), dated as of December 9, 2013, by and between ____________________ (“Pledgee”) and One2One Living Corporation, a Nevada corporation (“Pledgor”).

 

BACKGROUND

 

Pledgor and certain of its subsidiaries have entered into a General Security Agreement dated as of the date hereof (as amended, modified, restated or supplemented from time to time, the “Security Agreement”), pursuant to which Pledgee has provided certain loans to Pledgor.

 

Pledgor has agreed to pledge and grant a security interest in the collateral described herein to Pledgee on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration the receipt of which is hereby acknowledged, the parties hereto agree as follows:

 

1.   Defined Terms.  All capitalized terms used herein which are not defined shall have the meanings given to them in the Security Agreement.

 

2.   Pledge and Grant of Security Interest.  To secure the full and punctual payment and performance of the obligations set forth under the Security Agreement and any ancillary agreements (the Security Agreement and the ancillary agreements, as each may be amended, restated, modified and/or supplemented from time to time, collectively, the “Documents”) and (b) all other indebtedness, obligations and liabilities of Pledgor to Pledgee whether now existing or hereafter arising, direct or indirect, liquidated or unliquidated, absolute or contingent, due or not due and whether under, pursuant to or evidenced by a note, agreement, guaranty, instrument or otherwise Pledgor hereby pledges, assigns, hypothecates, transfers and grants a security interest to Pledgee in all of the following (the “Collateral”):

 

(a)           the shares of stock set forth on Schedule A annexed hereto and expressly made a part hereof (together with any additional shares of stock or other equity interests acquired by Pledgor, the “Pledged Stock”), the certificates representing the Pledged Stock and all dividends, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Stock;

 

(b)           all additional shares of stock of any issuer (each, an “Issuer”) of the Pledged Stock  from time to time acquired by Pledgor in any manner, including, without limitation, stock dividends or a distribution in connection with any increase or reduction of capital, reclassification, merger, consolidation, sale of assets, combination of shares, stock split, spin-off or split-off (which shares shall be deemed to be part of the Collateral), and the certificates representing such additional shares, and all dividends, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares; and

 

  

  

  

 

(c)           all options and rights, whether as an addition to, in substitution of or in exchange for any shares of any Pledged Stock and all dividends, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all such options and rights.

 

3.   Delivery of Collateral.  All certificates representing or evidencing the Pledged Stock shall be delivered to and held by or on behalf of Pledgee pursuant hereto and shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Pledgee.  Pledgor hereby authorizes the Issuer upon demand by Pledgee to deliver any certificates, instruments or other distributions issued in connection with the Collateral directly to Pledgee, in each case to be held by Pledgee, subject to the terms hereof.  Upon an Event of Default (as defined below) that has occurred and is continuing beyond any applicable grace period, Pledgee shall have the right, during such time in its discretion and without notice to Pledgor, to transfer to or to register in the name of Pledgee or any of its nominees any or all of the Pledged Stock.  In addition, Pledgee shall have the right at such time to exchange certificates or instruments representing or evidencing Pledged Stock for certificates or instruments of smaller or larger denominations.

 

4.   Representations and Warranties of Pledgor.  Pledgor represents and warrants to Pledgee (which representations and warranties shall be deemed to continue to be made until all of the Indebtedness has been paid in full and each Document and each agreement and instrument entered into in connection therewith has been irrevocably terminated) that:

 

(a)           the execution, delivery and performance by Pledgor of this Agreement and the pledge of the Collateral hereunder do not and will not result in any violation of any agreement, indenture, instrument, license, judgment, decree, order, law, statute, ordinance or other governmental rule or regulation applicable to Pledgor;

 

(b)           this Agreement constitutes the legal, valid, and binding obligation of Pledgor enforceable against Pledgor in accordance with its terms;

 

(c)           (i) all Pledged Stock owned by Pledgor is set forth on Schedule A hereto and (ii) Pledgor is the direct and beneficial owner of each share of the Pledged Stock;

 

(d)           all of the shares of the Pledged Stock have been duly authorized, validly issued and are fully paid and nonassessable;

 

(e)           no consent or approval of any person, corporation, governmental body, regulatory authority or other entity, is or will be necessary for (i) the execution, delivery and performance of this Agreement, (ii) the exercise by Pledgee of any rights with respect to the Collateral or (iii) the pledge and assignment of, and the grant of a security interest in, the Collateral hereunder;

 

  

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(f)            there are no pending or, to the best of Pledgor’s knowledge, threatened actions or proceedings before any court, judicial body, administrative agency or arbitrator which may materially adversely affect the Collateral;

 

(g)           Pledgor has the requisite power and authority to enter into this Agreement and to pledge and assign the Collateral to Pledgee in accordance with the terms of this Agreement.

 

(h)          Pledgor owns each item of the Collateral and, except for the pledge and security interest granted to Pledgee hereunder, the Collateral shall be, immediately following the closing of the transactions contemplated by the Documents, free and clear of any other security interest, pledge, claim, lien, charge, hypothecation, assignment, offset or encumbrance whatsoever (collectively, “Liens”).

 

(i)            there are no restrictions on transfer of the Pledged Stock contained in the certificate of incorporation or by-laws (or equivalent organizational documents) of the Issuer or otherwise which have not otherwise been enforceably and legally waived by the necessary parties.

 

(j)            none of the Pledged Stock has been issued or transferred in violation of the securities registration, securities disclosure or similar laws of any jurisdiction to which such issuance or transfer may be subject.

 

(k)            the pledge and assignment of the Collateral and the grant of a security interest under this Agreement vest in Pledgee all rights of Pledgor in the Collateral as contemplated by this Agreement.

 

(l)             The Pledged Stock constitutes one hundred percent (100%) of the issued and outstanding shares of capital stock of each Issuer.

 

5.   Covenants.  Pledgor covenants that, until the Indebtedness shall be satisfied in full and each Document and each agreement and instrument entered into in connection therewith is irrevocably terminated:

 

(a)           Pledgor will not sell, assign, transfer, convey, or otherwise dispose of its rights in or to the Collateral or any interest therein; nor will Pledgor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby.

 

(b)           Pledgor will, at its expense, defend Pledgee’s right, title and security interest in and to the Collateral against the claims of any other party.

 

(c)           Pledgor shall at any time, and from time to time, upon the written request of Pledgee, execute and deliver such further documents and do such further acts and things as Pledgee may reasonably request in order to effect the purposes of this Agreement including, but without limitation, delivering to Pledgee upon the occurrence of an Event of Default irrevocable proxies in respect of the Collateral in form satisfactory to Pledgee.  Until receipt thereof, upon an Event of Default that has occurred and is continuing beyond any applicable grace period, this Agreement shall constitute Pledgor’s proxy to Pledgee or its nominee to vote all shares of Collateral then registered in Pledgor’s name.

 

  

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(d)           Pledgor will not consent to or approve the issuance of (i) any additional shares of any class of capital stock or other equity interests of the Issuer; or (ii) any securities convertible either voluntarily by the holder thereof or automatically upon the occurrence or nonoccurrence of any event or condition into, or any securities exchangeable for, any such shares, unless, in either case, such shares are pledged as Collateral pursuant to this Agreement.

 

6.   Voting Rights and Dividends.  In addition to Pledgee’s rights and remedies set forth in Section 8 hereof, in case an Event of Default shall have occurred and be continuing, beyond any applicable cure period, Pledgee shall (i) be entitled to vote the Collateral, (ii) be entitled to give consents, waivers and ratifications in respect of the Collateral (Pledgor hereby irrevocably constituting and appointing Pledgee, with full power of substitution, the proxy and attorney-in-fact of Pledgor for such purposes) and (iii) be entitled to collect and receive for its own use cash dividends paid on the Collateral.  Pledgor shall not be permitted to exercise or refrain from exercising any voting rights or other powers if, in the reasonable judgment of Pledgee, such action would have a material adverse effect on the value of the Collateral or any part thereof; and, provided, further, that Pledgor shall give at least five (5) days’ written notice of the manner in which Pledgor intends to exercise, or the reasons for refraining from exercising, any voting rights or other powers other than with respect to any election of directors and voting with respect to any incidental matters.  Following the occurrence of an Event of Default, all dividends and all other distributions in respect of any of the Collateral, shall be delivered to Pledgee to hold as Collateral and shall, if received by Pledgor, be received in trust for the benefit of Pledgee, be segregated from the other property or funds of Pledgor, and be forthwith delivered to Pledgee as Collateral in the same form as so received (with any necessary endorsement).

 

7.   Event of Default.  An Event of Default shall be deemed to have occurred and may be declared by Pledgee upon the happening of any of the following events:

 

(a)            An “Event of Default” (or similar term) under any Document or any agreement or note related to any Document shall have occurred and be continuing beyond any applicable cure period;

 

(b)           Pledgor shall default in the performance of any of its obligations under any agreement between Pledgor and Pledgee, including, without limitation, this Agreement, and such default shall not be cured for a period of ten (10) days after the occurrence thereof;

 

(c)           Any representation or warranty of Pledgor made herein, in any Document or in any agreement, statement or certificate given in writing pursuant hereto or thereto or in connection herewith or therewith shall be false or misleading in any material respect;

 

(d)           Any portion of the Collateral is subjected to levy of execution, attachment, distraint or other judicial process; or any portion of the Collateral is the subject of a claim (other than by Pledgee) of a Lien or other right or interest in or to the Collateral and such levy or claim shall not be cured, disputed or stayed within a period of fifteen (15) business days after the occurrence thereof; or

 

  

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(e)            Pledgor shall (i) apply for, consent to, or suffer to exist the appointment of, or the taking of possession by, a receiver, custodian, trustee, liquidator or other fiduciary of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of creditors, (iii) commence a voluntary case under any state or federal bankruptcy laws (as now or hereafter in effect), (iv) be adjudicated a bankrupt or insolvent, (v) file a petition seeking to take advantage of any other law providing for the relief of debtors, (vi) acquiesce to, or fail to have dismissed, within sixty (60) days, any petition filed against it in any involuntary case under such bankruptcy laws, or (vii) take any action for the purpose of effecting any of the foregoing.

 

8.   Remedies.  In case an Event of Default shall have occurred and be declared by Pledgee, Pledgee may:

 

(a)           Transfer any or all of the Collateral into its name, or into the name of its nominee or nominees;

 

(b)           Exercise all corporate rights with respect to the Collateral including, without limitation, all rights of conversion, exchange, subscription or any other rights, privileges or options pertaining to any shares of the Collateral as if it were the absolute owner thereof, including, but without limitation, the right to exchange, at its discretion, any or all of the Collateral upon the merger, consolidation, reorganization, recapitalization or other readjustment of the Issuer thereof, or upon the exercise by the Issuer  of any right, privilege or option pertaining to any of the Collateral, and, in connection therewith, to deposit and deliver any and all of the Collateral with any committee, depository, transfer agent, registrar or other designated agent upon such terms and conditions as it may determine, all without liability except to account for property actually received by it; and

 

(c)           Subject to any requirement of applicable law, sell, assign and deliver the whole or, from time to time, any part of the Collateral at the time held by Pledgee, at any private sale or at public auction, with or without demand, advertisement or notice of the time or place of sale or adjournment thereof or otherwise (all of which are hereby waived, except such notice as is required by applicable law and cannot be waived), for cash or credit or for other property for immediate or future delivery, and for such price or prices and on such terms as Pledgee in its sole discretion may determine, or as may be required by applicable law.

 

Pledgor hereby waives and releases any and all right or equity of redemption, whether before or after sale hereunder.  At any such sale, unless prohibited by applicable law, Pledgee may bid for and purchase the whole or any part of the Collateral so sold free from any such right or equity of redemption.  All moneys received by Pledgee hereunder whether upon sale of the Collateral or any part thereof or otherwise shall be held by Pledgee and applied by it as provided in Section 10 hereof.  No failure or delay on the part of Pledgee in exercising any rights hereunder shall operate as a waiver of any such rights nor shall any single or partial exercise of any such rights preclude any other or future exercise thereof or the exercise of any other rights hereunder.  Pledgee shall have no duty as to the collection or protection of the Collateral or any income thereon nor any duty as to preservation of any rights pertaining thereto, except to apply the funds in accordance with the requirements of Section 10 hereof.  Pledgee may exercise its rights with respect to property held hereunder without resort to other security for or sources of reimbursement for the Indebtedness.  In addition to the foregoing, Pledgee shall have all of the rights, remedies and privileges of a secured party under the Uniform Commercial Code of New York regardless of the jurisdiction in which enforcement hereof is sought.

 

  

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9.   Private Sale.  Pledgor recognizes that Pledgee may be unable to effect (or to do so only after delay which would adversely affect the value that might be realized from the Collateral) a public sale of all or part of the Collateral by reason of certain prohibitions contained in the Securities Act, and may be compelled to resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Collateral for their own account, for investment and not with a view to the distribution or resale thereof.  Pledgor agrees that any such private sale may be at prices and on terms less favorable to the seller than if sold at public sales and that such private sales shall be deemed to have been made in a commercially reasonable manner.  Pledgor agrees that Pledgee has no obligation to delay sale of any Collateral for the period of time necessary to permit the Issuer to register the Collateral for public sale under the Securities Act.

 

10.   Proceeds of Sale.  The proceeds of any collection, recovery, receipt, appropriation, realization or sale of the Collateral shall be applied by Pledgee as follows:

 

(a)           First, to the payment of all costs, reasonable expenses and charges of Pledgee and to the reimbursement of Pledgee for the prior payment of such costs, reasonable expenses and charges incurred in connection with the care and safekeeping of the Collateral (including, without limitation, the reasonable expenses of any sale or any other disposition of any of the Collateral), the expenses of any taking, attorneys’ fees and reasonable expenses, court costs, any other fees or expenses incurred or expenditures or advances made by Pledgee in the protection, enforcement or exercise of its rights, powers or remedies hereunder;

 

(b)           Second, to the payment of the Indebtedness, in whole or in part, in such order as Pledgee may elect, whether or not such Indebtedness is then due;

 

(c)           Third, to such persons, firms, corporations or other entities as required by applicable law including, without limitation, the UCC; and

 

(d)           Fourth, to the extent of any surplus to the Pledgor or as a court of competent jurisdiction may direct.

 

In the event that the proceeds of any collection, recovery, receipt, appropriation, realization or sale are insufficient to satisfy the Indebtedness, Pledgor shall be liable for the deficiency plus the costs and fees of any attorneys employed by Pledgee to collect such deficiency.

 

11.   Waiver of Marshaling.  Pledgor hereby waives any right to compel any marshaling of any of the Collateral.

 

  

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12.   No Waiver.  Any and all of Pledgee’s rights with respect to the Liens granted under this Agreement shall continue unimpaired, and Pledgor shall be and remain obligated in accordance with the terms hereof, notwithstanding (a) the bankruptcy, insolvency or reorganization of Pledgor, (b) the release or substitution of any item of the Collateral at any time, or of any rights or interests therein, or (c) any delay, extension of time, renewal, compromise or other indulgence granted by Pledgee in reference to any of the Indebtedness.  Pledgor hereby waives all notice of any such delay, extension, release, substitution, renewal, compromise or other indulgence, and hereby consents to be bound hereby as fully and effectively as if Pledgor had expressly agreed thereto in advance.  No delay or extension of time by Pledgee in exercising any power of sale, option or other right or remedy hereunder, and no failure by Pledgee to give notice or make demand, shall constitute a waiver thereof, or limit, impair or prejudice Pledgee’s right to take any action against Pledgor or to exercise any other power of sale, option or any other right or remedy.

 

13.   Expenses.  The Collateral shall secure, and Pledgor shall pay to Pledgee on demand, from time to time, all reasonable costs and expenses, (including but not limited to, reasonable attorneys’ fees and costs, taxes, and all transfer, recording, filing and other charges) of, or incidental to, the custody, care, transfer, administration of the Collateral or any other collateral, or in any way relating to the enforcement, protection or preservation of the rights or remedies of Pledgee under this Agreement or with respect to any of the Indebtedness.

 

14.   Pledgee Appointed Attorney-In-Fact and Performance by Pledgee.  Upon the occurrence of an Event of Default, Pledgor hereby irrevocably constitutes and appoints Pledgee [do we want to the use the same Agent as used in the Security Agreement?] as Pledgor’s true and lawful attorney-in-fact, with full power of substitution, to execute, acknowledge and deliver any instruments and to do in Pledgor’s name, place and stead, all such acts, things and deeds for and on behalf of and in the name of Pledgor, which Pledgor could or might do or which Pledgee may deem necessary, desirable or convenient to accomplish the purposes of this Agreement, including, without limitation, to execute such instruments of assignment or transfer or orders and to register, convey or otherwise transfer title to the Collateral into Pledgee’s name.  Pledgor hereby ratifies and confirms all that said attorney-in-fact may so do and hereby declares this power of attorney to be coupled with an interest and irrevocable.  If Pledgor fails to perform any agreement herein contained, Pledgee may itself perform or cause performance thereof, and any costs and expenses of Pledgee incurred in connection therewith shall be paid by the Pledgor as provided in Section 10 hereof.

 

15.   WAIVERS.  EACH PARTY HERETO HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OTHER AGREEMENT EXECUTED OR DELIVERED BY THEM IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE AND EACH PARTY HERETO HEREBY AGREES AND CONSENTS THAT ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY.

 

  

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16.   Recapture.  Notwithstanding anything to the contrary in this Agreement, if Pledgee receives any payment or payments on account of the Indebtedness, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver, or any other party under the United States Bankruptcy Code, as amended, or any other federal or state bankruptcy, reorganization, moratorium or insolvency law relating to or affecting the enforcement of creditors’ rights generally, common law or equitable doctrine, then to the extent of any sum not finally retained by Pledgee, Pledgor’s obligations to Pledgee shall be reinstated and this Agreement shall remain in full force and effect (or be reinstated) until payment shall have been made to Pledgee, which payment shall be due on demand.

 

17   Captions.  All captions in this Agreement are included herein for convenience of reference only and shall not constitute part of this Agreement for any other purpose.

 

18.   Miscellaneous.

 

(a)           This Agreement constitutes the entire and final agreement among the parties with respect to the subject matter hereof and may not be changed, terminated or otherwise varied except by a writing duly executed by the parties hereto.

 

(b)           No waiver of any term or condition of this Agreement, whether by delay, omission or otherwise, shall be effective unless in writing and signed by the party sought to be charged, and then such waiver shall be effective only in the specific instance and for the purpose for which given.

 

(c)           In the event that any provision of this Agreement or the application thereof to Pledgor or any circumstance in any jurisdiction governing this Agreement shall, to any extent, be invalid or unenforceable under any applicable statute, regulation, or rule of law, such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform to such statute, regulation or rule of law, and the remainder of this Agreement and the application of any such invalid or unenforceable provision to parties, jurisdictions, or circumstances other than to whom or to which it is held invalid or unenforceable shall not be affected thereby, nor shall same affect the validity or enforceability of any other provision of this Agreement.

 

(d)           This Agreement shall be binding upon Pledgor, and Pledgor’s successors and assigns, and shall inure to the benefit of Pledgee and its successors and assigns.

 

(e)           Any notice or other communication required or permitted pursuant to this Agreement shall be given in accordance with the Security Agreement.

 

(f)            This Agreement shall be governed by and construed and enforced in all respects in accordance with the laws of the State of New York applied to contracts to be performed wholly within the State of New York.

 

  

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(g)           PLEDGOR EXPRESSLY CONSENTS TO THE JURISDICTION AND VENUE OF EACH COURT OF COMPETENT JURISDICTION LOCATED IN THE STATE OF NEW YORK FOR ALL PURPOSES IN CONNECTION WITH THIS AGREEMENT.  ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY ANY MATTER OR CLAIM IN ANY WAY ARISING OUT OF, RELATED TO OR CONNECTED WITH THIS AGREEMENT SHALL BE BROUGHT ONLY IN A STATE COURT LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK.  PLEDGOR FURTHER CONSENTS THAT ANY SUMMONS, SUBPOENA OR OTHER PROCESS OR PAPERS (INCLUDING, WITHOUT LIMITATION, ANY NOTICE OR MOTION OR OTHER APPLICATION TO EITHER OF THE AFOREMENTIONED COURTS OR A JUDGE THEREOF) OR ANY NOTICE IN CONNECTION WITH ANY PROCEEDINGS HEREUNDER, MAY BE SERVED INSIDE OR OUTSIDE OF THE STATE OF NEW YORK OR THE SOUTHERN DISTRICT OF NEW YORK BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY PERSONAL SERVICE PROVIDED A REASONABLE TIME FOR APPEARANCE IS PERMITTED, OR IN SUCH OTHER MANNER AS MAY BE PERMISSIBLE UNDER THE RULES OF SAID COURTS.  EACH PLEDGOR  WAIVES ANY OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION INSTITUTED HEREON AND SHALL NOT ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION OR VENUE OR BASED UPON FORUM NON CONVENIENS.

 

(h)           This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same agreement.  Any signature delivered by a party by facsimile transmission shall be deemed an original signature hereto.

 

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

 

 

	 	ONE2ONE LIVING CORPORATION	 
	 	 	 
	 	 	 	 
	 	
By: 

	 	 
	 	 	Name: Mary Spio	 
	 	 	Title: President and Chief Executive Officer	 

 

	 	PLEDGEE:	 
	 	 	 
	 	 	 
	 	 	 	 

 

 

	 	
By: 

	/s/ 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 

 

 

  

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SCHEDULE A to the Stock Pledge Agreement

 

Pledged Stock

 

	
Pledgor

	
Issuer

	
Class of Stock

	
Stock Certificate Number

	
Par Value

	
Number of Shares

	
One2One Living Corporation

	
One2One Living Corporation, a Florida corporation

	
Common stock

	
None*

	
$0.001

	
One (1)

*The sole existing security of One2One Living Corporation, a Florida corporation, is one (1) share of common stock, par value $0.001 per share, and held by One2One Living Corporation, a Nevada corporation.  The existence of this sole share of common stock is evidenced by way of a written consent in lieu of special meeting of the directors of TT Acquisitions, Inc., dated December 31, 2012.  On December 31, 2012, One2One Living Corporation, a Florida corporation, entered into an Agreement and Plan of Merger dated December 31, 2012, with One2One Living Corporation, a Florida corporation, One2One Acquisition Corp., a Nevada corporation and a wholly-owned subsidiary of One2One Living Corporation, a Nevada corporation. Pursuant to Article 1.5(e) of the Agreement and Plan of Merger, each share of Common Stock, $.001 par value per share, of One2One Acquisition Corp. issued and outstanding immediately prior to the Effective Time was converted into one validly issued, fully paid and nonassessable share of Common Stock, $.001 par value, of One2One Living Corporation, a Florida corporation.

 

 

10f1012g2013a5ex10xviii_ubl.htm

Exhibit 10.18

 

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS AGREEMENT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO THE CONFIDENTIALITY REQUEST. A COMPLETE VERSION OF THIS AGREEMENT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

DATA CONTRIBUTION AND SERVICE AGREEMENT

This Data Contribution and Service Agreement (the “Agreement”) is entered into on August 21st, 2008 (the “Effective Date”) between the following parties:

	  	
Licensor

	
Licensee

	
Full Name

	
Universal Business Listings

	
infoUSA Inc.

	
State of Incorporation/Organization

	
North Carolina

	
Delaware

	
Principal Place of Business (address/city/state/zip)

	
7810 BallantyneC ommons Parkway Suite # 300

Charlotte, NC 28277

	
5711 South 86th Circle

Omaha, NE6 8127

	
Main Business Telephone Number

	
408-413-3828

	
402-593-4500

	
Main Contact Name

	
Doyle Bryant     

	
Jim DeRouchey

	
Main Contact Phone Number

	
704-400-1202

	
Same as above

	
Main Contact Email Address

	
dbryant@universalbusinesslisting.org

	
Jim.DeRouchey@infousa.com

	
Contact for Notice

	
Doyle Bryant

	
Corporate Counsel

Cc: President, infoUSA Content Group

	
Address for Notice

(address/city/state/zip)

	
7810 BallantyneC ommons Parkway Suite # 300

Charlotte, NC 28277     

	
5711 South 86th Circle

Omaha, NE6 8127

Cc:1 020 East 1st Street

P apillion, NE 68046

	
Fax Number for Notice

	
888-286-1432

	
402-537-6197

Universal Business Listings (“Licensor”) owns, produces or provides, among other products or services, information as defined in Paragraph 2 of this Agreement.i nfoUSA Inc. (“infoUSA”) desires that Licensor provide infoUSA with certain data and/or services as set forth herein, on the terms and conditions described in this Agreement.L icensor and infoUSA agree as follows:

 

	
1.

	

Term. The term of this Agreement shall begin on the Effective Date and shall extend for 1 (one) year (the “Initial Term”), unless extended or earlier terminated in accordance with the Agreement.T his Agreement shall automatically extend for additional periods of one (1) year each (a “Renewal Term”) following the conclusion of the Initial Term and each Renewal Term, if any, thereafter, unless terminated prior to such extension.E ither party may terminate this Agreement at any time with or without cause upon thirty (30) days written notice to the other party.:

 

 

	
2.

	
License Grant and Description of Licensed Data.L icensor hereby grants to infoUSA a non-exclusive, worldwide, perpetual, royalty-free license to incorporate the Licensed Data, as defined herein, into infoUSA’s database (the “infoUSA Database”) for the purpose of database enhancement and to modify, resell or otherwise use the Licensed Data as incorporated into the infoUSA Database as infoUSA determines in its sole discretion, subject to the terms of this Agreement. Licensor will provide infoUSA with the following data (collectively, the “Licensed Data”):

 

 Each Licensee location (“Record”) will include the data elements listed in Attachment A which is incorporated into this Agreement by reference.

 

  

  

  

 

	
3.

	
Data Delivery, Fees and Payment. Licensor will deliver the Licensed Data to infoUSA electronically to an FTP site provided by the Licensor in a fixed-length de-limited format. This delivery is to be made on the 1st of every month. In consideration for the Services provided in Section 6, Licensor shall pay infoUSA a fee outlined in Paragraph 3.1 and 3.2.i nfoUSA will invoice Licensor monthly for Records submitted to infoUSA.P ayment is due thirty (30) days from receipt of invoice.

 

	
  

	
3.1 Fees. Licensor will pay infoUSA on a per Record basis as outlined below:

 

[*]

 

Additional Verticals: As agreed-to by and between the parties, Licensor will update once a month list of agency contacts. Both parties agree to coordinate marketing efforts on all listed accounts opportunities.

 

	
3.2  

	
Referral Incentive. In the event that Licensor refers a database licensing prospect to InfoUSA, Licensor will be credited with an amount equal to 5% of the new licensees paid first year license fees; provided, such referred prospect: (i) was not already an infoUSA licensee at the time of referral by Licensor; or (ii) was not already engaged in discussions with infoUSA regarding a potential database license relationship.

 

	
3.3

	
M inimum Records; Fees. Notwithstanding anything in Section 3.1 to the contrary, during the Initial Term, Licensor guarantees: [*] with any shortfall to be paid in one (1) lump sum within thirty (30) days of the conclusion of the Initial Term.

 

	
4.

	
Termination for Cause. Either party may terminate this Agreement if the other party defaults in the performance of any material provision of this Agreement, which default is not cured within thirty (30) days after written notice from the non-defaulting party.

 

	
5.

	
Licensor Obligations. In the event infoUSA informs Licensor that there is a problem or mistake with the Licensed Data, Licensor shall repair or replace the defective Licensed Data.

 

	
6.

	
Description of Services. Following receipt of each delivery of the Licensed Data, infoUSA shall use the Licensed Data to update the infoUSA Database, which may result in an Updated Licensor Location Data File. infoUSA shall: (i) promote the availability of the Updated Licensor Location Data File to its clients who license the infoUSA Database for directory use; and (ii)f ollowing its receipt of each delivery of the Licensed Data, begin the review and integration process to the infoUSA Database. The parties acknowledge and understand that the Updated Licensor Location Data File may be available more frequently than certain of infoUSA’s clients have contractually agreed to receive updates to the infoUSA Database, accordingly infoUSA does not represent or guarantee the overall number of, or which infoUSA clients will agree to receive and utilize the Updated Licensor Location File.

 

	
7.

	
Representations and Warranties. Each party represents and warrant that (i) it has legally sufficient rights to enter into and perform its obligations under this Agreement free and clear of any claims of any third parties; (ii) entering into this Agreement will not in any way constitute a breach or violation of any other agreement or applicable Laws.I n addition, Licensor further represents and warrants that:( iii) it has not converted, misappropriated or otherwise wrongfully secured the Licensed Data in whole or in part from third parties; and (iv) there are no liens or encumbrances affecting the Licensed Data.

 

	
8.

	
Compliance with Laws. The parties shall comply with all applicable federal, state and local laws, statutes, rules, regulations and ordinances (“Laws”) including, but not limited to, privacy, data protection and direct marketing Laws and Laws concerning facsimile and email transmissions.

 

	
9.

	
Indemnification.

 

	
9.1  

	
Indemnification by Licensor.L icensor shall indemnify, defend, and hold harmless infoUSA, and its respective representatives, successors and permitted assigns from and against any and all claims by any third party and all related losses, expenses, damages, costs and liabilities, including reasonable attorneys' fees and expenses incurred in investigation or defense, regardless of the theory of liability or the nature of the legal proceeding (“Damages”), to the extent such Damages arise out of or relate to the following:( a) the gross negligence or willful misconduct of Licensor or its representatives in the performance of Licensor’s obligations under this Agreement; (b) any claims that infoUSA has violated or infringed the intellectual property rights of any third party in the use of any Licensed Data provided to infoUSA under this Agreement or in the use of any Licensed Data as permitted by this Agreement; (c) any claims that the Licensed Data violates applicable Laws; or (d) any material breach of Licensor’s representations and warranties.

 

[*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portion.

 

  

2

  

 

	
9.2 

	
Indemnification by infoUSA. infoUSA shall indemnify, defend, and hold harmless Licensor and its respective representatives, successors and permitted assigns, from and against any and all claims made or threatened by any third party and all related Damages, to the extent such Damages arise out of or relate to the following:( a) the gross negligence or willful misconduct of infoUSA or its representatives in the performance of infoUSA’s or its representatives obligations under this Agreement; (b) any claims related to infoUSA’s use of the Licensed Data in violation of applicable Laws; or (c) any material breach of Licensor’s representations and warranties.

 

	
10.

	
Publicity. Neither party will, without the other party's prior written consent, use the name, service marks or trademarks of the other party or any of its affiliates; provided, however, Licensor shall be permitted to display infoUSA’s logo on its website, subject to infoUSA’s prior approval of the location of the placement and text, if any, on the website pertaining to the relationship between Licensor and infoUSA. infoUSA hereby reserves the right to revoke, at any time and without reason, any permission granted to Licensor to display infoUSA’s logo on Licensor’s website.

	
11.

	
Limitation of Liability. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INCIDENTAL, CONSEQUENTIAL, PUNITIVE, INDIRECT OR SPECIAL DAMAGES SUCH AS, BY WAY OF EXAMPLE AND NOT LIMITATION, LOST REVENUES OR LOST PROFITS, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT.E XCEPT WITH RESPECT TO THE INDEMNIFICATION OBLIGATIONS IN SECTION 9 OF THIS AGREEMENT, VIOLATION OF LAWS OR INTELLECTUAL PROPERTY INFRINGEMENT, EITHER PARTY’S TOTAL AGGREGATE LIABILITY UNDER ANY LEGAL THEORY (INCLUDING NEGLIGENCE) FOR DAMAGES ARISING DIRECTLY OR INDIRECTLY FROM THIS AGREEMENT SHALL NOT IN ANY EVENT EXCEED THE AMOUNT PAYABLE BY LICENSOR TO INFOUSA FOR THE SERVICES FOR THE TWELVE (12)-MONTH PERIOD IMMEDIATELY PRECEDING THE CLAIM.

 

	
12.

	

Confidentiality. Each party may receive from the other party information that relates to the other party’s business, research, development or trade secrets, including but not limited to data, mailing lists, and marketing plans (“Confidential Information”).C onfidential Information shall also include the terms of this Agreement; including, but not limited to, pricing.E ach party agrees to use at least the same degree of care, but not less than reasonable care, to prevent disclosing to other persons the Confidential Information of the other party.E ach party further agrees not to disclose or permit any other person or entity access to the other party’s Confidential Information, except such disclosure or access shall be permitted to an employee, agent, representative or independent contractor of such party requiring access in order to perform his or her employment or services as they relate to the Products provided herein. Each party shall insure that its employees, agents, representatives, and independent contractors are advised of the confidential nature of the Confidential Information and are precluded from taking any action prohibited under this Section.A  party shall immediately notify the other party in writing of all circumstances surrounding any possession, use or knowledge of Confidential Information by any person or entity other than those authorized by this Agreement.C onfidential Information shall not include the Licensed Data and/or information of the other party which (i) the receiving party rightfully possessed before it received such information from the other party; (ii) subsequently becomes publicly available through no fault of the receiving party; (iii) is subsequently furnished to the receiving party by a third party without restrictions on disclosure; or (iv) is required to be disclosed by law, provided that the receiving party will use reasonable efforts to notify the other party prior to disclosure.U pon the expiration or termination of this Agreement, each party shall, upon request of the other party, return or destroy all Confidential Information of the other party.I n the case of destruction, the receiving party shall certify such destruction to the disclosing party within thirty (30) days following request for such certification.B oth parties acknowledge that, if a party breaches (or attempts or threatens to breach) its obligations under this Section, the non-breaching party will suffer irreparable harm.A ccordingly, the parties agree that the non-breaching party shall be entitled to injunctive relief against the breaching party, its officers or employees and such other rights and remedies to which the non-breaching party may be entitled to at law, in equity or under this Agreement for any violation of this Section.

  

3

  

 

	
13.

	
Intellectual Property Rights. infoUSA shall be the sole and exclusive owner of all right, title and interest in and to infoUSA’s Database.N othing in this Agreement shall be deemed to grant to one party license rights, ownership rights or any other intellectual property rights in any materials owned by the other party or any affiliate of the other party.

	
14.

	
Relationship of the Parties. Nothing in this Agreement shall be deemed or construed to create the relationship of partnership or joint venture between the parties.N either party has any authority to enter into any contract or create any obligation or liability on behalf of or binding upon the other party.

	
15.

	
Notices. Any notices to be given hereunder to any other party, including any notice of a change of address, shall be in writing and shall be deemed validly given if (a) delivered personally; (b) sent by overnight or second day express delivery service; (c) sent by registered or certified mail, postage prepaid, return receipt requested; or (d) sent by confirmed facsimile transmission, and addressed to such party at the address or facsimile number indicated for such party on page 1 of this Agreement or at such other address as a party may indicate in a written notice to the other party.

	
16.  

	
Assignment and Binding Effect. This Agreement and the rights and obligations hereunder may not be transferred or assigned by either party without the prior written consent of the other party, except that they may be assigned to an entity with which a party merges or is acquired. This Agreement shall be binding upon and shall benefit the parties and their respective successors and permitted assigns.

	
17.

	
Amendment or Waiver. No amendment of this Agreement shall be valid unless it is in writing and signed by both parties.N o waiver of any provision of this Agreement shall be valid unless it is in writing and signed by the party making the waiver.A ny waiver of a breach or observance of any provision of this Agreement shall not be construed as a waiver of any subsequent breach.

	
18.

	
Force Majeure. Neither party shall be responsible for any failure to perform (except for payment obligations) due to unforeseen circumstances or to causes beyond its control, including but not limited to acts of God, war, riot, embargoes, acts of civil or military authorities, earthquakes, fire, floods, accidents, strikes, shortages of transportation facilities, fuel, energy, labor or materials or failures of telecommunications or electrical power supplies.A  party whose performance is affected by a force majeure event shall be excused from such performance to the extent required by the force majeure event so long as such party takes all reasonable steps to avoid or remove such causes of nonperformance and immediately continues performance whenever and to the extent such causes are removed.B oth parties shall use all reasonable efforts to overcome or work around the force majeure event as soon as reasonably practicable.

	
19.

	
Non-Solicitation. During the term of this Agreement and for twelve (12) months thereafter neither Licensor nor infoUSA shall directly or indirectly solicit for employment any person employed then or within the preceding twelve (12) months by the other party, without the other party's consent in writing.T he foregoing prohibition does not include general public solicitations for employment.

	
20.

	
Governing Law. The validity and effect of this Agreement shall be governed by and construed in accordance with the laws of the State of Nebraska without regard to its conflict of laws rules.A ll legal proceedings relating to the subject matter of this Agreement shall be maintained in the state or federal courts sitting in Douglas County, Nebraska and each party agrees that jurisdiction and venue for any such legal proceedings shall lie exclusively with such courts.

 

  

4

  

 

	
21.

	
Survival. The provisions of Sections 2-9, 11-12, 14-17, and 21, in addition to any other provisions of this Agreement or any Schedule that by their nature should survive termination, shall survive termination of this Agreement for any reason.

	
22.

	
Severability. If any provision of this Agreement shall be determined by any court of competent jurisdiction to be invalid or unenforceable, such invalidity or unenforceability shall not affect the remainder of this Agreement, which shall be construed as if such invalid or unenforceable provision had never been a part of this Agreement but in a manner so as to carry out as nearly as possible the parties’ original intent.

	
23.

	
Marketing. Licensor may inform key partners of the joint relationship. In addition, infoUSA will issue a press release mutually agreed upon by the parties regarding the parties’ relationship hereunder within thirty (30) days following the execution of this Agreement. Licensee shall first use its best efforts to provide the statement of an executive (General Manager and above) for use in the aforementioned press release. Any additional press release or additional public announcement(s) relating to the Agreement or the relationship established by this agreement can not be released without the express written consent of the other part, which consent will not be unreasonably withheld or delayed.

	
  

	 

	
24.

	
Complete Agreement. This Agreement sets forth the entire understanding of Licensor and infoUSA with respect to the subject matter hereof and supersedes all prior letters of intent, agreements, covenants, arrangements, communications, representations, or warranties, whether oral or written, by any officer employee, or representative of either party relating thereto.S ignatures received via facsimile shall be deemed originals for all purposes.

 

IN WITNESS HEREOF, the parties’ duly authorized representatives have executed this Agreement on the Effective Date.

 

	
Universal Business Listings, Licensor

 

By: /s/ Doyal Bryant                                          

 

Name:   Doyal Bryant

 

Title:P resident

 

Date:  8/22/08

	
infoUSA Inc., Licensee

 

By: /s/ Fred Vakili                                                         

 

Name: Fred Vakili

 

Title:  Chief Administrative Officer

 

Date:  8/27/08

 

  

5

  

 

ATTACHMENT A

RECORD DATA ELEMENTS

 

Each Licensee location (“Record”) provided as Licensed Data to Licensee will include the following data elements, where available:

	
ID

	
Unique Identification Number

	
20

	
This is the clients ID number per unique location.T his number should not change between deliveries.

	
Record Status

	
Transactional status for each record

	
1

	
Table of codes such as:

New Location

Deleted Location

Change

Static

	
Company Name

	
Business name for the record

	
45

	  
	
Alternative Name(s)

	
Alternative Name(s) of the business, i.e.

Also Known As (AKAs)

	
45

	  
	
Legal Name

	
Legal name of the physical location

	
45

	  
	
Location Address

	
Physical address of the business

	
45

	  
	
Location City

	
City of the physical address

	
30

	  
	
Location State

	
State of the physical address

	
2

	  
	
Location Zip Code

	
Zip code and for the physical address

	
6

	  
	
Suite

	
Suite number for the physical address

	
10

	  
	
Mailing Address

	
Mailing address of the business

	
45

	  
	
Mailing City

	
City of the Mailing address

	
30

	  
	
Mailing State

	
State of the Mailing address

	
2

	  
	
Mailing Zip Code

	
Zip code of the Mailing address

	
6

	  
	
Landmark Address

	
Landmark address of the business

	
45

	
References the general area in which the business is physically located. Typical Landmark addresses include mall and office names (Oakview Mall, World Trade Center, etc.).

	
Landmark City

	
City of the Landmark address

	
30

	  
	
Landmark State

	
State of the Landmark address

	
2

	  
	
Landmark Zip Code

	
Zip code of the Landmark address

	
6

	  
	
Location Phone

	
Main phone number for the physical location

	
10

	  
	
Alternate Phone

	
Secondary phone number for the business

	
10

	  
	
Fax

	
Main fax number for the physical location

	
10

	  
	
First Name

	
First Name of the person in charge at the

physical location

	
15

	  
	
Middle Name

	
Middle initial of the person in charge at the

physical location

	
15

	  
	
Last Name

	
Last name of the person in charge at the

physical location

	
30

	  
	
Title

	
Title of the person in charge at the

physical location

	
50

	  
	
Pro Title

	
Professional title of the person in charge at

the physical location

	
30

	
Holds multiple titles separated by semi-colons

	
Employee Size

	
Number of employees) at the physical location

	
8

	  
	
Line of Business

	
Primary yellow page heading/line of business

for the physical location

	
25

	
Where your company would list in the Yellow Pages

	
Line of Business 2

	
Additional yellow page heading/line of business

for the physical location

	
25

	  

 

  

6

  

 

	
Line of Business 3

	
Additional yellow page heading/line of business

for the physical location

	
25

	  
	
Web Address

	
Main website address for the physical location

	
50

	  
	
Toll Free

	
Toll Free number of the physical location

	
10

	  
	
Monday Open

	
The time of day the business opens on Monday

	
4

	
Stored as military time

	
Monday Close

	
The time of day the business closes on Monday

	
4

	
Stored as military time

	
Tuesday Open

	
The time of day the business opens on Tuesday

	
4

	
Stored as military time

	
Tuesday Close

	
The time of day the business closes on Tuesday

	
4

	
Stored as military time

	
Wednesday Open

	
The time of day the business opens on Wednesday

	
4

	
Stored as military time

	
Wednesday Close

	
The time of day the business closes on Wednesday

	
4

	
Stored as military time

	
Thursday Open

	
The time of day the business opens on Thursday

	
4

	
Stored as military time

	
Thursday Close

	
The time of day the business closes on Thursday

	
4

	
Stored as military time

	
Friday Open

	
The time of day the business opens on Friday

	
4

	
Stored as military time

	
Friday Close

	
The time of day the business closes on Friday

	
4

	
Stored as military time

	
Saturday Open

	
The time of day the business opens on Saturday

	
4

	
Stored as military time

	
Saturday Close

	
The time of day the business closes on Saturday

	
4

	
Stored as military time

	
Sunday Open

	
The time of day the business opens on Sunday

	
4

	
Stored as military time

	
Sunday Close

	
The time of day the business closes on Sunday

	
4

	
Stored as military time

	
AMEX

	
Does the business accept American Express?

	
1

	
T = True, F = False

	
Discover

	
Does the business accept Discover?

	
1

	
T = True, F = False

	
Visa

	
Does the business accept Visa?

	
1

	
T = True, F = False

	
Master Card

	
Does the business accept MasterCard?

	
1

	
T = True, F = False

	
Dinners Club

	
Does the business accept Diners Club?

	
1

	
T = True, F = False

	
Store Card

	
Does the business accept store cards or other cards?

	
1

	
T = True, F = False

	
Year Opened

	
The year the physical location opened for business

	
4

	  
	
Business Description

	
Description of the business

	
600

	
Company History "Founded" information.....when and by whom and how.

 Mission Statement

Distinctive Facts( what separates them from anybody else)

What they specialize in( or what they do....products/services)

Regional, local, national, international reach

Certificates or Awards" Awarded top 1000 working mother companies"," Are ISO 9000 Certified"

 

	
Company Owned

	
Is the physical location owned by the company?

	
1

	
T = True, F = False

	
Store #

	
Store number for the physical location

	
8

	  

 

  

7

  

 

	
Storefront Photo ID

	
Id number for a storefront photo in the photo file

	
9

	  
	
Video ID

	
Id number for a video in the video file

	
9

	  
	
Logo ID

	
Id number for a logo in the logo file

	
9

	  
	
Location Revenue

	
Actual revenue of the physical location

	
1

	
This field contains an alpha code corresponding to the estimated sales of the business in thousands of dollars.

	  	  	  	
A  1 - 4 99

	  	  	  	
B  500- 9 99

	  	  	  	
C  1,000- 2 ,499

	  	  	  	
D  2,500- 4 ,999

	  	  	  	
E  5,000- 9 ,999

	  	  	  	
F  10,000- 1 9,999

	  	  	  	
G  20,000- 4 9,999

	  	  	  	
H  50,000- 9 9,999

	  	  	  	
I  100,000- 4 99,999

	  	  	  	
J  500,000- 9 99,999

	  	  	  	
K 1,000,000 +

	
Sq Footage

	
Square footage of the physical location

	
7

	  
	
Banking Relationship

	
Main financial institution used by the

physical location

	
45

	  
	
Legal Entity

	
Type of legal entity of the

physical location

	
1

	
Table of codes such as:

Sole Proprietorship

General Partnership

Limited Partnership

Corporation

S Corporation

Limited Liability Company (LLC)

	
Business Status

	
The type of location within its

corporation structure

	
1

	
Table of codes such as:

1 = Headquarters

2 = Branches

3 = Subsidiary Headquarters

9 = Not Linked

	
Business Function

	
The main function of the business at

the physical location

	
1

	
Table of codes such as:

Retail

Management Office

  

8

  

 

AMENDMENT

 

TO

 

DATA CONTRIBUTION AND SERVICE AGREEMENT

 

PARTIES  (“Parties”)

 

	
infoUSA:

	
infoUSA Inc.

	 	 
	
Licensor:

	
Name Dynamics, LLC, dba UniversalBusinessListing.org.

	 	 
	
Effective Date of Agreement:

	
August 21, 2008

 

	 	 
	
Effective Date of this Amendment:

	
September 17, 2009

 

 

This Amendment to the Data Contribution and Service Agreement (“Amendment”) is entered into by and between infoUSA Inc. (“infoUSA”) and Name Dynamics, LLC (“Licensor” or “Name Dynamics”)to amend the Data Contribution and Service Agreement between infoUSA and Universal Business Listings dated August 21, 2008  (“Agreement”).

 

The Parties agree to amend the Agreement, as follows:

 

1.     Unless otherwise set forth herein, all defined terms shall have the meanings ascribed to them in the Agreement.

 

2.         Paragraph 1 (Term) of the Agreement is hereby amended and restated in its entirety, as follows:

 

“1.  Term.  The term of this Agreement shall begin on the Effective Date and shall remain in effect for three (3) years (the “Initial Term”), unless extended or earlier terminated in accordance with the Agreement.  This Agreement shall automatically extend for additional periods of one (1) year each (a “Renewal Term”) following the conclusion of the Initial Term and each Renewal Term, if any, thereafter, until terminated by either party as provided herein; provided, however, that either party may terminate this Agreement effective on the last day of any Contract Year by providing the other party written notice no less than ninety (90) days prior to the expiration of such Contract Year of its intent to terminate.  The Initial Term shall consist of three (3) Contract Years, as follows:

 

Contract Year 1 (August 21, 2008 through August 20, 2009)

 

Contract Year 2 (August 21, 2009 through August 20, 2010)

 

Contract Year 3 (August 21, 2010 through August 20, 2011)

 

  

9

  

 

3.         Paragraph 3.1 (Fees) of the Agreement is hereby amended and restated in its entirety as follows:

 

“3.1  Fees.  Licensor will pay infoUSA [*] for each Record provided by Licensor to infoUSA, unless by mutually-agreed exception.”

 

4.   Section 3.3 (Minimum Records; Fees) is hereby amended and restated in its entirety as follows:

 

3.3  Minimum Records; Fees.  Notwithstanding anything in Section 3.1 to the contrary, during the Initial Term, Licensor guarantees: [*], with any shortfall to be paid in one (1) lump sum within thirty (30) days of the conclusion of each Contract Year. 

 

5.         Both Licensor and infoUSA acknowledge and agree that that Licensor paid Licensee fees during Contract Year 1, [*].  Provided, however, that if Licensor shall become liable to pay any deficiency for Contract Year 1, then and in that event, the parties agree to negotiate in good faith to determine the precise amount owed by Licensor to infoUSA, giving due consideration to any act or omission by infoUSA that may have affected the revenues of Licensor and the consequent remittance to infoUSA as well as any act or omission of Licensor that negatively impacted revenues for Contract Year 1.   Failure by Licensor to meet the Contract Year 2 minimum by the end of Contract Year 2 may also be deemed by infoUSA as a material breach of the Agreement.  The obligation of the parties in this paragraph shall survive any termination or expiration of the Agreement.

6.         This Amendment shall be effective as of the Effective Date of this Amendment, as set forth above, and will run concurrent with the Initial Term of the Agreement.

7.        Except as set forth in this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

Name Dynamics, LLC

 

	
Dba UniversalBusinessListing.org

	 	
infoUSA Inc.

	  	 	  
	
/s/ Chris Travers

	 	
/s/ Bill L. Fairfield

	
Authorized Signature

	 	
Authorized Signature

	  	 	  
	
Chris Travers

	 	
Bill L. Fairfield

	
Name

	 	
Name

	  	 	  
	
President

	 	
C.E.O.

	
Title

	 	
Title

	  	 	  
	
November 9, 2009

	 	
11/11/207

	
Date

	 	
Date

 

[*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portion.

  

  

10

  

 

 

AMENDMENT NUMBER (2) TO

 

DATA CONTRIBUTION AND SERVICE AGREEMENT

 

PARTIES:

 

	
Infogroup:

	
Infogroup Inc.

	
Licensor:

	
UBL Interactive, Inc.

	
Effective Date of Agreement:

	
August 21, 2008 as amended on September 17, 2009

	
Effective Date of this Amendment:

	
September 5, 2012

 

This Amendment Number (2) to the Database License Agreement (this “Amendment”) is entered into by and between Infogroup and Licensor to amend the Database License Agreement (the “Agreement”) as between the parties.  Unless otherwise set forth herein, all defined terms shall have the meanings ascribed to them in the Agreement.

 

The parties agree to amend the Agreement as follows:

 

	
1.  

	
This Amendment will commence on the Effective Date of this Amendment and will run concurrent with the Term of the Agreement.

 

	
2.  

	
Paragraph 3.1 of the Agreement is hereby amended and replaced in its entirety as follows:

 

”Data Delivery, Fees and Payment. Licensor will deliver the Licensed Data to Infogroup electronically in a mutually agreed format and delivery mechanism. Licensor shall pay Infogroup an annual fee of [*]  per unique US Business Record delivered to Infogroup. Licensor shall be invoiced such fee upon initial delivery of each Record and upon annual delivery of such Record; provided, however, Licensor shall not be charged a fee for any update to such Record which is delivered to Infogroup during the course of the year.”

	
3.  

	
Except as set forth in this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

	UBL INTERACTIVE, INC.	 	INFOGROUP INC.
	 	 	 	 	 
	By:	/s/ Doyal Bryant	 	By:	/s/ Jim DeRouchey
	Name: 	Doyal Bryant	 	Name: 	Jim DeRouchey
	Title:	CEO	 	Title:	President Database Licensing
	Date:	09-28-2012	 	Date:	October 4, 2012

[*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portion.

 

  

11

  

AMENDMENT NUMBER (3) TO

 

DATA CONTRIBUTION AND SERVICE AGREEMENT

 

PARTIES:

 

	
Infogroup:

 

	
Infogroup Inc.

	
Licensor:

 

	
UBL Interactive, Inc.

	
Effective Date of Agreement:

 

	
August 21, 2008 as amended on September 17, 2009

	
Effective Date of this Amendment:

	
November 12, 2012

 

This Amendment Number (3) to the Data Contribution and Service Agreement (this “Amendment”) is entered into by and between Infogroup and Licensor to amend the Data Contribution and Service Agreement (the “Agreement”) as between the parties.  Unless otherwise set forth herein, all defined terms shall have the meanings ascribed to them in the Agreement.

 

The parties agree to amend the Agreement as follows:

 

	 	
1.

	

This Amendment will commence on the Effective Date of this Amendment and will run concurrent with the Term of the Agreement.

 

	
  

	
2.

	
Paragraph 1 (Term) of the Agreement is hereby amended and restated in its entirety, as follows

 

1. Term. The term of this Agreement shall begin on the Effective Date and shall remain in effect for six (6) years (the "Initial Term"), unless extended or earlier terminated in accordance with the Agreement. This Agreement shall automatically extend for additional periods of one (1) year each (a "Renewal Term") following the conclusion of the Initial Term and each Renewal Term, if any, thereafter, until terminated by either party as provided herein; provided, however, that either party may terminate this Agreement effective on the last day of the Initial Term, or any Renewal Term, if applicable, by providing the other party written notice no less than ninety (90) days prior to the expiration of the Initial Term, or then-current Renewal Term, as applicable, of its intent to terminate. The Initial Term shall consist of six (6) Contract Years, as follows:

Contract Year 1 (August 21, 2008 through August 20, 2009)

Contract Year 2 (August 21, 2009 through August 20, 2010)

Contract Year 3 (August 21, 2010 through August 20, 2011)

Contract Year 4 (August 21, 2011 through August 20, 2012)

Contract Year 5 (August 21, 2012 through August 20, 2013)

Contract Year 6 (August 21, 2013 through August 20, 2014)

 

	
  

	
3.

	
Section 3.1 (Fees) is hereby amended to include the following:  “Licensor will pay Infogroup [*] for each Canadian record submitted during Contract Year 6.”

 

	
  

	
4.

	
Section 3.3 (Minimum Records; Fees) is amended to include the following:  “During Contract Year 5, Contract Year 6 and any subsequent Contract Year, Licensor shall pay to Infogroup an annual minimum fee of $300,000 with any shortfall to be paid in one (1) lump sum within 30 days of the conclusion of each Contract Year.”

 

	
  

	
5.

	
Except as set forth in this Amendment, the Agreement shall remain unchanged and in full force and effect.

 

	
UBL INTERACTIVE, INC.

	  	
INFOGROUP INC.

	  
	  	  	  	  
	
By:  /s/Doyal Bryant

	  	
By:  /s/ Jim DeRouchey

	  
	
Name:  Doyal Bryant

	  	
Name:  Jim DeRouchey

	  
	
Title:  CEO

	  	
Title:  President Database

	  
	
Date:  Dec 27, 2012

	  	
Date:  Dec 27, 2012

	  

 

 

 

12

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