Document:

Green Forest Management Consulting Inc.

3F B302C, No. 185 Kewang Road

Longtan Township, Taoyuan County 325

Taiwan (R.O.C.)

 

 

 

February 4, 2013

 

 

 

Deng Wei Yuan

2F., No. 28, Yuxing, Miaoli City,

Miaoli County 360, Taiwan (R.O.C.)

 

		Re:	Letter of Intent to Purchase Land

		LandLot:	Fuli Section

Miaoli City, Miaoli County

Taiwan (R.O.C.)

Land Serial Nos.: 1100, 1318

 

 

Dear Mr. Deng:

 

This non-binding letter
of intent (the “LOI”) sets forth our understanding of the mutual intentions of the below parties regarding the
proposed sale of two pieces of land consisting of approximately 14,853 square meters of land and 957 square meters of land in Fuli
Section, Miaoli City, Miaoli County, Taiwan (R.O.C.), designated by Land Serial Nos. 1100 and 1318 (the “Land”), by Deng
Wei Yuan (the “Seller”), to Green Forest Management Consulting Inc., a Taiwan (R.O.C.) corporation (the “Purchaser”)
(Purchaser and Seller may also be referred to hereinafter individually as a “Party” and collectively as the
“Parties”).

 

1. Transaction. The planned sale will be accomplished
by Purchaser purchasing the Land from Seller (the “Land Purchase”) at a price to be negotiated by the Parties
in accordance with the terms of a definitive land purchase agreement (the “Land Purchase Agreement”). In addition,
the Parties will jointly determine the optimum tax structure for the transaction in order to best satisfy tax planning, regulatory
and other considerations.

 

2. Transaction Closing.  The Parties shall use their
commercially best efforts to close the Land Purchase (the “Closing”) within 180 days of both Parties executing
the LOI. Should the Parties be unable to close the transaction within that time period, the timeline for Closing will be renegotiated
by the Parties.

 

3. Definitive Agreements.  Following execution of
this LOI, the Parties shall commence negotiation and preparation of the Land Purchase Agreement and any other necessary documents
(together, the “Definitive Agreements”) that will define the terms and other commitments contemplated by the Parties.
The Definitive Agreements will contain the general provisions outlined above in addition to the usual and customary representations
and warranties, covenants, conditions and indemnifications for a transaction of this kind, including, but not limited to, tax and
securities filings, and state and local corporate filings.  

 

    	 

    	 	

    
 

4. Conditions.  For a period of 180 days following
execution of this LOI (the “Due Diligence Period”), the Seller must comply with all reasonable requests of Purchaser
to review relevant information concerning the Land, including allowing the Purchaser to conduct and obtain a satisfactory title
search and survey of the Land, conduct environmental and feasibility studies as necessary, as well as allow Purchasers to determine
if the land may be rezoned by the relevant governmental authorities to meet Purchaser’s needs and planned uses.

 

5. Seller’s Warranties. The Land Purchase Agreement
shall be subject to and include the following Seller warranties:

 

		(a)	Authority and Marketable Title. Seller is the owner of the Land, possesses the requisite authority to enter into and
perform the Land Purchase Agreement, and has the absolute right to sell, assign and transfer the Land to Purchaser at Closing.

		(b)	No Pending Litigation or Bankruptcy. There are no actions, suits or proceedings pending or threatened against, or affecting,
the Land. No bankruptcy or similar action, whether voluntary or involuntary, is pending or is threatened against Seller, and Seller
has no intention of filing or commencing any such action.

		(c)	No Outstanding Purchase Option. No option, right of first refusal or other contractual opportunity to purchase the Land
has been granted to, or executed with, a third-party that is enforceable against Seller and/or the Land giving such third-party
a right to purchase an interest in the Land or any part thereof.

		(d)	Notice of Repairs. Seller has received no written notice from any governmental agency concerning repairs, alterations
or corrections that must be made to the Land.

		(e)	Hazardous Materials. To the best of Seller’s actual knowledge, no toxic or hazardous materials are now or will
be at Closing located on or below the surface of the Land. There are no petroleum storage tanks located on or beneath the surface
of the Land.

		(f)	Parties in Possession. As of the Closing date, there will be no adverse or other parties in possession of the Land or
any part thereof, nor has any party been granted any license, lease or other right or interest relating to the use or possession
of the Land or any part thereof.

		(g)	Other Contracts. Seller is not a party to any contracts relating to the Land that are not terminable at will, except
as follows: [to be detailed in Land Purchase Agreement].

		(h)	No Undisclosed Restrictions. Seller has not, nor to the best of Seller’s knowledge or belief has any predecessor
in title, executed or caused to be executed any document with or for the benefit of any governmental authority restricting the
development, use or occupancy of the Land that has not specifically been disclosed to Purchaser or that would not be revealed in
a title report.

 

6. Transaction, Broker and Document Expenses.  Each
Party shall be solely responsible for all fees and expenses of the Parties’ agents, advisors, attorneys, brokers and accountants
with respect to the negotiation of this LOI, the negotiation and drafting of the Definitive Agreements and, if the Definitive Agreements
are executed, the closing of the Transaction.

 

7. No Shop.  Until the closing of the Acquisition,
or termination of negotiations related to the Acquisition, Seller may not enter into any transaction or agreement related to the
sale of the Land, or otherwise encumber or enter into an agreement that would encumber the Land, or enter into any agreement outside
of the ordinary course of business or that would otherwise hinder the Parties’ rights or intentions under this LOI.  

 

    	 

    	 	

    
 

8. Confidentiality, Non-Disclosure and Subsequent Public
Announcement. Neither Party shall disclose to any other person (other than such party’s employees, representatives
and agents who are bound by confidentiality agreements or other confidentiality obligations) the terms or conditions hereof or
the fact that the Acquisition is being contemplated by the Parties. Following the execution of this LOI, Green Forest shall release
a Form 8-K with the Securities and Exchange Commission and a related press release regarding the LOI and the proposed Acquisition.
With the exception of the Form 8-K and press release described in this section, the Parties agree not to issue any further press
releases or make any further public announcement regarding the Acquisition prior to the Closing without prior written mutual consent
of all Parties, except where a public announcement is otherwise required by law. In addition, each of the Parties hereto shall
keep confidential each of the provision of this LOI and the agreements referenced or contemplated herein and all information each
party obtains regarding the other party (collectively, the “Confidential Information”), except if (a) the information
is already a matter of public record or knowledge; (b) the information may be necessary to a Party’s financial or legal advisor(s)
(subject to such party agreeing to be bound to the non-disclosure covenants contained in this paragraph); or (c) such disclosure
is required by law. This covenant regarding Confidential Information shall indefinitely survive the termination of this LOI or
any Definitive Agreements.

 

9. Acknowledgments and Assent. The Parties acknowledge
that they were advised to consult with an independent attorney prior to signing this LOI and that they have in fact consulted with
counsel of their own choosing prior to executing this LOI. The Parties agree that they have read this LOI and understand the content
herein and freely and voluntarily assent to all of the terms herein.  

 

10. Entire Agreement; Amendment; Counterparts. This LOI
represents the entire understanding of the Parties with respect to the terms of Purchaser’s proposed acquisition of the Land
and supersedes all prior and/or contemporaneous agreements, representations and understandings, whether written or oral. This LOI
may only be amended, modified or extended by a written agreement signed by both Parties hereto. This LOI may not be assigned without
the other Party’s written consent. This LOI may be signed in two or more counterparts, any one of which need not contain
the signature of more than one Party, but all such counterparts will constitute one and the same agreement.

 

We trust that these terms accurately reflect
our understanding. If there are any questions or comments regarding the same, please feel to contact me at your convenience. Otherwise
kindly execute this LOI acknowledging your agreement to the terms outlined above.

 

Agreed and accepted by:

	 	 
	
        Green Forest Holding, Inc.

        a Taiwan (R.O.C.) corporation

         

         

        By:  /s/ Chiang Yu Chang                          

        Name: Chiang Yu Chang

        Title: Chairman
	
         

         

         

        /s/ Deng Wei Yuan                               

        Deng Wei YuanDEBENTURE EXTENSION AGREEMENT

 

THIS DEBENTURE EXTENSION
AGREEMENT (hereinafter, this “Agreement”) made this 4th day of February, 2013 by and between:

 

YA GLOBAL
INVESTMENTS, L.P., f/k/a Cornell Capital Partners, LP
(the “Investor”), a Cayman Island exempt limited partnership with offices located
at 101 Hudson Street Suite 3700, Jersey City, New Jersey 07302; and

 

NEOMEDIA
TECHNOLOGIES, INC. (the “Company”), a Delaware corporation with its principal office located
at 100 West Arapahoe Avenue, Suite 9, Boulder, Colorado 80302.

 

Background

 

Reference is made to
certain secured convertible debentures issued by the Company to the Investor listed on Schedule “1” attached
hereto and incorporated herein by reference (collectively, the “Debentures”).

 

Reference is made to
those certain warrant instruments issued by the Company and held by the Investor listed on Schedule “2”
attached hereto and incorporated herein by reference (each, a “Warrant Instrument”), each of which allows the
holder to purchase such number of shares of common stock of the Company (the “Warrants Shares”) as set forth
in such Warrant Instrument at a price per share set forth in such Warrant Instrument (the “Exercise Price”).

 

The
Company has requested that the Investor extend the maturity date of each of the Debentures until August 1, 2014, and the
Investor has agreed to do so, but only upon the terms and conditions set forth herein.

 

Accordingly, for good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed by and between the
Company and the Investor as follows:

 

Capitalized terms used
herein and not otherwise defined herein shall have the meanings set forth in the Debentures.

 

Acknowledgment of Indebtedness

 

1.          The
Company hereby acknowledges and agrees that it is liable to the Investor as follows (all amounts in USD):

 

	a	 	Owed under the CCP-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	2,830,250.00	 
	 	 	Interest	 	 	 	 	745,305.14	 
	 	 	Total	 	 	 	 	3,575,555.14	 

 

    	 

    	 

    

 

	b	 	Owed under the CCP-2 Debenture as of:	 	December 31, 2012	 	 	 	 
	  	 	Principal	 	  	 	 	2,250,000.00	 
	 	 	Interest	 	 	 	 	1,416,302.58	 
	 	 	Total	 	 	 	 	3,666,302.58	 
	 	 	 	 	 	 	 	 	 
	c	 	Owed under the NEOM-4-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	5,209,081.00	 
	 	 	Interest	 	 	 	 	2,869,498.29	 
	 	 	Total	 	 	 	 	8,078,579.29	 
	 	 	 	 	 	 	 	 	 
	d	 	Owed under the NEOM-1-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	1,305,490.00	 
	 	 	Interest	 	 	 	 	1,108,062.67	 
	 	 	Total	 	 	 	 	2,413,552.67	 
	 	 	 	 	 	 	 	 	 
	e	 	Owed under the NEOM-2008-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	390,000.00	 
	 	 	Interest	 	 	 	 	267,187.92	 
	 	 	Total	 	 	 	 	657,187.92	 
	 	 	 	 	 	 	 	 	 
	f	 	Owed under the NEOM-2008-2 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	500,000.00	 
	 	 	Interest	 	 	 	 	335,256.94	 
	 	 	Total	 	 	 	 	835,256.94	 
	 	 	 	 	 	 	 	 	 
	g	 	Owed under the NEOM-2008-3 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	790,000.00	 
	 	 	Interest	 	 	 	 	525,426.81	 
	 	 	Total	 	 	 	 	1,315,426.81	 
	 	 	 	 	 	 	 	 	 
	h	 	Owed under the NEOM-2008-4 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	137,750.00	 
	 	 	Interest	 	 	 	 	89,206.52	 
	 	 	Total	 	 	 	 	226,956.52	 

 

    	 

    	 

    

 

	i	 	Owed under the NEOM-9-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	  	 	Principal	 	   	 	 	2,325,000.00	 
	 	 	Interest	 	 	 	 	1,378,088.01	 
	 	 	Total	 	 	 	 	3,703,088.01	 
	 	 	 	 	 	 	 	 	 
	j	 	Owed under the NEOM-9-2 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	2,325,000.00	 
	 	 	Interest	 	 	 	 	1,196,935.96	 
	 	 	Total	 	 	 	 	3,521,935.96	 
	 	 	 	 	 	 	 	 	 
	k	 	Owed under the NEOM-9-4 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	53,036.80	 
	 	 	Interest	 	 	 	 	132,163.61	 
	 	 	Total	 	 	 	 	185,200.41	 
	 	 	 	 	 	 	 	 	 
	l	 	Owed under the NEOM-9-5 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	715,000.00	 
	 	 	Interest	 	 	 	 	338,508.42	 
	 	 	Total	 	 	 	 	1,053,508.42	 
	 	 	 	 	 	 	 	 	 
	m	 	Owed under the NEOM-9-6 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	241,000.00	 
	 	 	Interest	 	 	 	 	130,657.34	 
	 	 	Total	 	 	 	 	371,657.34	 
	 	 	 	 	 	 	 	 	 
	n	 	Owed under the NEOM-9-7 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	155,000.00	 
	 	 	Interest	 	 	 	 	69,671.51	 
	 	 	Total	 	 	 	 	224,671.51	 
	 	 	 	 	 	 	 	 	 
	o	 	Owed under the NEOM-10-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	2,006,137.00	 
	 	 	Interest	 	 	 	 	675,848.32	 
	 	 	Total	 	 	 	 	2,681,985.32	 
	 	 	 	 	 	 	 	 	 
	p	 	Owed under the NEOM-10-2 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	550,000.00	 
	 	 	Interest	 	 	 	 	168,834.93	 
	 	 	Total	 	 	 	 	718,834.93	 

 

    	 

    	 

    

 

	q	 	Owed under the NEOM-10-3 Debenture as of:	 	December 31, 2012	 	 	 	 
	   	 	Principal	 	  	 	 	475,000.00	 
	 	 	Interest	 	 	 	 	137,248.97	 
	 	 	Total	 	 	 	 	612,248.97	 
	 	 	 	 	 	 	 	 	 
	r	 	Owed under the NEOM-10-4 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	400,000.00	 
	 	 	Interest	 	 	 	 	111,128.77	 
	 	 	Total	 	 	 	 	511,128.77	 
	 	 	 	 	 	 	 	 	 
	s	 	Owed under the NEOM-10-5 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	375,000.00	 
	 	 	Interest	 	 	 	 	54,590.41	 
	 	 	Total	 	 	 	 	429,590.41	 
	 	 	 	 	 	 	 	 	 
	t	 	Owed under the NEOM-11-1 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	450,000.00	 
	 	 	Interest	 	 	 	 	18,647.26	 
	 	 	Total	 	 	 	 	468,647.26	 
	 	 	 	 	 	 	 	 	 
	u	 	Owed under the NEOM-11-2 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	160,000.00	 
	 	 	Interest	 	 	 	 	23,487.26	 
	 	 	Total	 	 	 	 	183,487.26	 
	 	 	 	 	 	 	 	 	 
	v	 	Owed under the NEOM-11-3 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	117,500.00	 
	 	 	Interest	 	 	 	 	4,006.64	 
	 	 	Total	 	 	 	 	121,506.64	 
	 	 	 	 	 	 	 	 	 
	w	 	Owed under the NEOM-11-4 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	23,016.00	 
	 	 	Interest	 	 	 	 	859.77	 
	 	 	Total	 	 	 	 	23,875.77	 
	 	 	 	 	 	 	 	 	 
	x	 	Owed under the NEOM-11-5 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	37,577.00	 
	 	 	Interest	 	 	 	 	18,551.98	 
	 	 	Total	 	 	 	 	56,128.98	 

 

    	 

    	 

    

 

	y	 	Owed under the NEOM-11-6 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	  	 	 	25,000.00	 
	 	 	Interest	 	 	 	 	851.91	 
	 	 	Total	 	 	 	 	25,851.91	 
	 	 	 	 	 	 	 	 	 
	z	 	Owed under the NEOM-11-10 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	358,650.00	 
	 	 	Interest	 	 	 	 	12,228.53	 
	 	 	Total	 	 	 	 	370,878.53	 
	 	 	 	 	 	 	 	 	 
	aa	 	Owed under the NEOM-11-11 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	150,000.00	 
	 	 	Interest	 	 	 	 	8,896.58	 
	 	 	Total	 	 	 	 	158,896.58	 
	 	 	 	 	 	 	 	 	 
	bb	 	Owed under the NEOM-12-01 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	179,300.00	 
	 	 	Interest	 	 	 	 	6,854.40	 
	 	 	Total	 	 	 	 	186,154.40	 
	 	 	 	 	 	 	 	 	 
	cc	 	Owed under the NEOM-12-02 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	450,000.00	 
	 	 	Interest	 	 	 	 	44,586.99	 
	 	 	Total	 	 	 	 	494,586.99	 
	 	 	 	 	 	 	 	 	 
	dd	 	Owed under the NEOM-12-03 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	370,546.00	 
	 	 	Interest	 	 	 	 	35,708.90	 
	 	 	Total	 	 	 	 	406,254.90	 
	 	 	 	 	 	 	 	 	 
	ee	 	Owed under the NEOM-12-04 Debenture as of:	 	December 31, 2012	 	 	 	 
	 	 	Principal	 	 	 	 	362,392.78	 
	 	 	Interest	 	 	 	 	11,913.68	 
	 	 	Total	 	 	 	 	374,306.46	 
	 	 	 	 	 	 	 	 	 
	 	 	Total	 	 	 	 	37,653,243.60	 

 

    	 

    	 

    

 

		ii.	For all interest accruing from and after January 1, 2013 due
under the Debentures, and for all fees, late charges, redemption premiums, liquidated damages, costs,
expenses, and costs of collection (including attorneys’ fees and expenses) and other amounts, heretofore or hereafter accrued
or coming due or incurred by the Investor in connection with the protection, preservation, or enforcement of its rights
and remedies under the Debentures and all documents, instruments, and agreements executed in connection therewith or related thereto
(collectively, the “Financing Documents”) (including, without limitation, the preparation and negotiation of
this Agreement).

 

Hereinafter, all amounts due
as set forth in this Paragraph 1, and all amounts hereafter owed or due under the Financing Documents shall be referred to collectively
as the “Obligations.”

 

Waiver of Claims

 

		2.	The Company, for itself and on behalf its former and/or current
subsidiaries that are party to any of the Financing Documents (collectively along with the Company, the “Obligors”)
hereby acknowledges and agrees that none of the Obligors have any offsets, defenses, claims, or counterclaims against the Investor,
its general partner, and its investment manager, and each of their respective agents, servants, attorneys, advisors, officers,
directors, employees, affiliates, partners, members, managers, predecessors, successors, and assigns (singly and collectively,
as the “Released Parties”), with respect to the Obligations, the Financing Documents, the transactions set forth
or otherwise contemplated in this Agreement, or otherwise, and that if the Obligors now have, or ever did have, any offsets, defenses,
claims, or counterclaims against any of the Released Parties, whether known or unknown, at law or in equity, from the beginning
of the world through this date and through the time of execution of this Agreement, all of them are hereby expressly WAIVED, and
the Obligors each hereby RELEASE each of the Released Parties from any and all liability therefor.

 

Extension of Maturity Date

 

		3.	The “Maturity Date” of each of the Debentures is hereby
extended to August 1, 2014. The Company acknowledges and agrees that this extension (a) is a one-time extension for the specific
period indicated, and (b) shall not be deemed to constitute (i) an agreement to provide any further extension of the Maturity Dates
of the Debentures, or (ii) a waiver of any existing Events of Default, whether known or unknown, or of any the provisions of the
Debentures or of the other Financing Documents.

 

    	 

    	 

    
 

Warrants

 

		4.	Warrants. Schedule “3” attached
hereto sets forth a complete list of each Warrant Instrument issued to the Investor and remaining outstanding, and the material
terms of each such Warrant Instrument. The parties acknowledge and agree that as of January 31, 2013 the Investor is the holder
of each of the Warrant Instruments listed on Schedule 3 and that the amounts listed under the headings “Exercise Price As
of 1/31/13” and “Number of Warrant Shares As of 1/31/13” are true and correct. Effective as of February 1, 2013,
each Warrant Instrument shall be adjusted (the “Adjustment”) such that (i) the Exercise Price of each Warrant
Instrument shall be reduced to $0.0001 per share, and (ii) the number of Warrant Shares with respect to each Warrant Instrument
shall be reduced by multiplying the number of Warrant Shares as of January 31, 2013 by the fraction 0.2656 and rounding the result
to the nearest whole share. As a result of the Adjustment, the Exercise Price of each Warrant Instrument shall be $0.0001, the
total number of Warrant Shares for all the Warrant Instruments shall be 499,990,063, and each individual Warrant Instrument shall
be exercisable for such number of Warrant Shares as set forth under the column “Number of Warrant Shares After Adjustment”
on Schedule 3. 

 

		5.	Ratification. The Company hereby
acknowledges, confirms, and agrees that, (a) except as specifically modified herein, the Debentures and all other Financing Documents
remain in full force and effect, and confirm and ratify each of the terms thereof and (b) all amounts outstanding under the Debentures
are unconditionally owing by the Company to the Investor, without offset, defense or counterclaim of any kind, nature or description
whatsoever. 

 

[Remainder of Page Intentionally Left
Blank]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
this Debenture Extension Agreement has been executed as of the date first set forth above.

 

	YA GLOBAL INVESTMENTS, L.P., 	 	NEOMEDIA TECHNOLOGIES, INC.
	By:   Yorkville Advisors, LLC,	 	 
	its Investment Manager	 	 
	 	 	 
	By:	/s/	 	By:	/s/
	Name:	Gerald Eicke	 	Name:	Laura Marriott
	Title:	Managing Member	 	Title: 	CEO

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