Document:

ex10-4.htm

Exhibit 10.4

    

    ASSET
      PURCHASE AGREEMENT

     

    This
      ASSET PURCHASE AGREEMENT (this “Agreement”) dated as of August 2, 2007, is
      entered into by and between NuTech Acquisition Corp., a Corporation existing
      pursuant to the laws of the State of Nevada (“Buyer”) and Jump Communications,
      Inc., a Nevada corporation (the “Seller”).

     

     

    RECITALS

     

    
      	
              A.

            	
              The
                Seller owns (i) all property rights to one (1) Alcatel 7470 telco
                switches
                configured for ATM/Ethernet protocols utilizing connections from
                64Kb/s to
                OC3 for use as an aggregator of local calls and switching device
                for
                broadband communications.

            

    

     

    
      	
              B.

            	
              Concurrently
                with the execution of this Agreement, the Seller and Buyer are entering
                into a license agreement covering certain intellectual property for
                digital video compression and for the management and delivery of
                video,
                audio and data over a fully switched or routed network, as set forth
                in
                the License Agreement, a copy of which is attached hereto, which
                network
                incorporates the Alcatel 7470 switch referred to
                above.

            

    

     

    
      	
              C.

            	
              Buyer
                desires to purchase from the Seller and the Seller desires to sell
                to
                Buyer, the Purchased Assets, as set forth in Schedule 1.1 hereinbelow,
                at
                the price and under the specified terms and conditions as set forth
                herein.

            

    

     

    NOW
      THEREFORE, in consideration of the foregoing and the respective
      representations, warranties, covenants, agreements and conditions hereinafter
      set forth, and intending to be legally bound hereby, the parties hereto agree
      as
      follows:

     

     

    ARTICLE
      I

     

    PURCHASE
      AND SALE OF ASSETS

     

    1.1.          Assets
      to be Transferred.Subject
      to the terms and conditions of this Agreement, on the Closing Date (as defined
      in Section 3.1 below), the Seller shall sell, transfer, convey, assign, and
      deliver to Buyer and Buyer shall purchase and accept, all of the assets set
      forth on Schedule 1.1 hereto (the “Purchased Assets”).

     

    1.2.          No
      Warranty.Buyer
      hereby acknowledges and agrees
      that the PURCHASED ASSETS ARE BEING SOLD, TRANSFERRED, CONVEYED, ASSIGNED AND
      DELIVERED “AS IS”, “WHERE IS”, “WITH ALL FAULTS,” AND WITHOUT RECOURSE OR
      REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT
      LIMITATION, ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
      PURPOSE, TITLE OR
      NON-INFRINGEMENT.

     

     

    
 

    
      
        
        

      

      
        
          

        

      

      
        
        

      

    

    
      ARTICLE
        II

    

    

    PURCHASE
      PRICE - PAYMENT

     

    2.1.          Purchase
      Price and Payment.The
      purchase price for the Assets shall be an amount of capital, consisting of
      shares of Buyer’s common stock, such that the Seller will own eighty-five (85%)
      percent of the issued and outstanding shares of the Buyer on a fully-diluted
      basis on and after the Closing (the “Purchase Price”). The Purchase Price shall
      be paid at the Closing by delivery to Seller of a certificate or certificates
      representing the appropriate amount of Buyer’s stock (the “Shares”). The
      Purchase Price shall be calculated on a fully-diluted, as converted basis (after
      taking into account any and all notes, options, warrants and other securities
      convertible into, or ultimately exchangeable or exercisable for, any shares
      of
      Buyer’s capital stock and any agreements or rights for the purchase or
      acquisition from Buyer of any shares of Buyer’s capital stock) as at the time of
      the Closing.

     

     

    ARTICLE
      III

     

    CLOSING

     

    3.1.          Closing.The
      closing of the transactions contemplated by this Agreement (the “Closing”),
      shall take place at 1:00 p.m. (PDT) at the offices of Jump Communications,
      Inc.,
      10390 Wilshire Boulevard, Penthouse 20, Los Angeles, California 90024, on or
      before August 30, 2007, unless another date or place is agreed to in writing
      by
      the parties hereto.  The date on which the Closing actually occurs is
      hereinafter referred to as the “Closing Date.”

     

    3.2.          Documents
      to be Delivered by the Seller.At
      the
      Closing, the Seller shall deliver the following documents, in each case duly
      executed or otherwise in proper form:

     

    
      	
               

            	
              (a)

            	
              Bill
                of Sale.  A bill of sale for all of the tangible and
                intangible Purchased Assets described in Section 1.1 substantially
                in the form attached hereto as Exhibit A (the “Bill of
                Sale”);

            

    

     

    
      	
               

            	
              (b)

            	
              License
                Agreement.  A License Agreement substantially in the form of
                Exhibit 3.2(b) attached hereto (the “License
                Agreement”);

            

    

     

    
      	
               

            	
              (c)

            	
              Certified
                Resolutions.  A certified copy of the resolutions of the
                Board of Directors authorizing and approving this Agreement and the
                consummation of the transactions contemplated by this Agreement;
                and

            

    

     

    
      	
               

            	
              (d)

            	
              Other
                Documents.  Such additional documents, instruments or
                writings reasonably required by Buyer pursuant to Section 6.3
                below, including, without limitation, any subordination agreement
                required
                by any senior lender of Buyer.

            

    

     

    3.3.          Documents
      to be Delivered by Buyer.At
      the
      Closing, Buyer shall deliver the following documents, in each case duly executed
      or otherwise in proper form:

     

    (a)   Purchase
      Price.  The Purchase Price as set forth in Section 2.1
      above;

     

     

     

    
      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

    (b)  Stock
      Certificates.  Stock certificates representing the NuTech Digital
      preferred stock and/or common stock, duly endorsed to Seller.

     

    
      	
               

            	
              (c)

            	
              Certified
                Resolutions.  A certified copy of the resolutions of the
                Board of Directors of the Buyer authorizing and approving this Agreement
                and the consummation of the transactions contemplated by this Agreement;
                and

            

    

     

    
      	
               

            	
              (d)

            	
              Other
                Documents.  Such additional documents, instruments or
                writings reasonably required by the Seller and its shareholders pursuant
                to Section 6.3 below.

            

    

     

     

    ARTICLE
      IV

     

    REPRESENTATIONS
      AND WARRANTIES OF THE SELLER

     

    The
      Seller hereby represents and warrants to the Buyer as of the date hereof as
      follows:

     

    4.1.          Organization
      and Standing.The
      Seller is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Nevada and has the corporate power and authority
      to carry on its business as it is now being conducted.

     

    
      	
              4.2.

            	
              Authority
                Relative to this Agreement. Except for the authorization by its Board
                of     Directors, which authorization will be
                obtained as soon as possible, the execution,
                delivery and performance of this Agreement by the Seller have been
                duly
                authorized by the Board of Directors of the Seller.  No further
                corporate or other action is necessary on its part to make this Agreement
                valid and binding upon it and enforceable against it in accordance
                with
                its terms or to carry out the transactions contemplated
                hereby.

            

    

     

    4.3.          No
      Violations.The
      execution, delivery and performance of this Agreement by the Seller do not
      and
      will not (1) constitute a breach or a violation of any law, rule or regulation,
      agreement, indenture, deed of trust, mortgage, loan agreement or other
      instrument to which the Seller is a party or by which it is bound; (2)
      constitute a violation of any order, judgment or decree to which the Seller
      is a
      party or by which it is bound or by which any of the Purchased Assets are bound
      or affected; or (3) result in the creation of any lien, charge or encumbrance
      upon any of the Purchased Assets.

     

    4.4.          Title
      to and Condition of Assets.The
      Seller has good and marketable title to all the Purchased Assets.  As
      of the date of this Agreement, such Purchased Assets are subject to no known
      guaranty, judgment, execution, pledge, lien, conditional sales agreement,
      security agreement, encumbrance or charge, except as disclosed pursuant to
      this
      Agreement (with respect to which no default exists) and except for liens for
      taxes not delinquent.

     

    4.5.          Compliance
      With Applicable Laws.To
      the
      Seller’s knowledge, the conduct of the business by the Seller does not violate
      or infringe any federal, state, local or foreign law, statute, ordinance,
      license or regulation that is presently in effect.  To the Seller’s
      knowledge, such conduct does not violate or infringe any right or concession,
      copyright, trademark, trade name, patent, know-how or other proprietary right
      of
      others, the enforcement of which would materially adversely affect the value
      of
      the Purchased Assets.  The Seller has
      and
      has maintained all licenses and permits required by all local, state and federal
      authorities and regulating bodies.

     

     

     

     

    
      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

     

    4.6.          Approvals
      and Consents. Other than the approval of the Board of Directors of Seller,
no
      consent, approval or authorization is required in connection with the execution
      or delivery of this Agreement by the Seller or the consummation by it of the
      transactions contemplated hereby.

     

    
      	
              4.7.

            	
              Brokers.
                Seller acknowledges that there may be brokers, consultants or others
                that
                may be
                entitled to be paid in connection with the transactions contemplated
                by
                this Agreement.  The Seller represents that the Buyer shall not
                have any liability for any claim for a broker’s fee, finder’s fee,
                consultant’s fee, attorney’s fee or other third party remuneration by
                reason of any action of the
                Seller.

            

    

     

     

    Disclaimer.
      EXCEPT AS EXPRESSLY SET FORTH IN THIS ARTICLE 4, THE PURCHASED ASSETS ARE BEING
      SOLD, TRANSFERRED, CONVEYED, ASSIGNED AND DELIVERED “AS IS”, “WHERE IS”, “WITH
      ALL FAULTS,” AND WITHOUT RECOURSE OR REPRESENTATION OR WARRANTY OF ANY KIND,
      EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTY OF
      MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE OR
      NON-INFRINGEMENT.

     

     

    ARTICLE
      V

     

    REPRESENTATIONS
      AND WARRANTIES OF THE BUYER

     

    The
      Buyer
      hereby represents and warrants to the Seller as of the date hereof as
      follows:

     

    5.1.          Organization
      and Standing.The
      Buyer
      is or will be a corporation to be duly organized, validly existing and in good
      standing under the laws of the State of California and has the corporate power
      and authority to carry on its business as it is now being
      conducted.

     

    
      	
              5.2.

            	
              Authority
                Relative to this Agreement. Except for the authorization by its Board
                of     Directors, which authorization will be
                obtained as soon as possible, the execution,
                delivery and performance of this Agreement by the Buyer have been
                duly
                authorized by the Board of Directors of the Buyer.  Other than
                the authorization of the Board of Directors, no further corporate
                or other
                action is necessary on its part to make this Agreement valid and
                binding
                upon it and enforceable against it in accordance with its terms or
                to
                carry out the transactions contemplated
                hereby.

            

    

     

    5.3.          No
      Violations.The
      execution, delivery and performance of this Agreement by the Buyer do not and
      will not (1) constitute a breach or a violation of any law, rule or regulation,
      agreement, indenture, deed of trust, mortgage, loan agreement or other
      instrument to which the Buyer is a party or by which it is bound; or (2)
      constitute a violation of any order, judgment or decree to which the Buyer
      is a
      party.

     

     

     

    
      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    

     

    5.4.          Approvals
      and Consents. Other than the approval of the Board of Directors of Buyer, no
consent,
      approval or authorization is required in connection with the execution or
      delivery of this Agreement by the Buyer or the consummation by it of the
      transactions contemplated hereby.

     

    5.5.          Capital
      Stock.The
      authorized capital stock of the Buyer consists of 100,000,000 shares of Common
      Stock. With respect to the Common Stock: (i) each holder thereof being entitled
      to cast one vote for each share held on all matters properly submitted to the
      shareholders for their vote; and (ii) there being no pre-preemptive rights
      and
      no cumulative voting.

     

     

    ARTICLE
      VI

     

    ADDITIONAL
      COVENANTS

     

    The
      parties covenant and agree as follows:

     

    6.1.          Access
      to Information and Records.During
      the period prior to the Closing, each party shall, and shall cause its officers,
      employees, agents, independent accountants and advisors to, furnish to the
      other
      party, its respective officers, employees, agents, independent accountants
      and
      advisors, at reasonable times and places, all information in their possession
      concerning the transactions contemplated hereby as may be reasonably requested,
      and give such persons access to all of the properties, books, records, contracts
      and other documents of or pertaining to the other party that such other party
      or
      its officers, employees, agents, independent accountants or advisors shall
      have
      in their custody.  The foregoing covenant is conditioned upon the
      agreement by the parties to maintain any and all such information and records
      obtained hereunder as confidential, and each receiving party shall not release
      any such information and records without the prior written consent of the
      disclosing party.

     

    6.2.          Conduct
      of Buyer Pending the Closing.From
      the
      date hereof until the Closing, except as otherwise approved in writing by the
      Seller:

     

    
      	
               

            	
              (a)

            	
              No
                Changes.  Buyer will carry on its business diligently and in
                the same manner as heretofore and will not make or institute any
                changes
                in its methods of management, accounting or
                operation.

            

    

     

    
      	
               

            	
              (b)

            	
              Maintain
                Organization.  Buyer will take such action as may be
                necessary to maintain, preserve, renew and keep in favor and effect
                the
                existence, rights and franchises of Buyer.

            

    

     

    
      	
               

            	
              (c)

            	
              No
                Breach.  Buyer will not do or omit any act, or permit any
                omission to act, which may cause a breach of any material contract,
                commitment or obligation, of Buyer as of the date
                hereof.

            

    

     

    6.3.          Further
      Assurances.The
      parties hereto agree to use all reasonable good faith efforts to take all
      actions and to do all things necessary, proper or advisable to fulfill the
      conditions to Closing set forth in this Agreement and to consummate the
      transactions contemplated hereby.  In
      addition, each party hereto agrees to execute
      reasonable supplemental or additional documents, to
      execute reasonable amendments to documents delivered at Closing, to re-execute
      documents delivered at Closing and to take any other reasonable actions as
      are
      necessary or reasonably appropriate to fully carry out and consummate the
      transactions contemplated herein or to correct errors or omissions, if any,
      in
      any document delivered at Closing.

     

     

     

    
      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

    

    

     

    ARTICLE
      VII

     

    CONDITIONS
      PRECEDENT TO BUYER’S OBLIGATIONS

     

    7.1.          Conditions
      to Obligations of Buyer to Consummate the Transactions.The
      obligation of Buyer to consummate the transactions contemplated by this
      Agreement shall be subject to the satisfaction of the following conditions,
      unless waived in writing prior to the Closing by Buyer:

     

    
      	
               

            	
              (a)

            	
              The
                Seller shall have performed, in all material respects, all obligations
                and
                complied with all covenants required by this Agreement to be performed
                or
                complied with, in all material respects, by it prior to the
                Closing.

            

    

     

    
      	
               

            	
              (b)

            	
              Each
                of the documents or other items to be delivered by the Seller at
                the
                Closing pursuant to Section 3.2 shall have been
                delivered.

            

    

     

     

    ARTICLE
      VIII

     

    CONDITIONS
      PRECEDENT TO SELLER’S OBLIGATIONS

     

    8.1.          Conditions
      to Obligations of the Seller to Consummate the Transactions.The
      obligation of the Seller to consummate the transactions contemplated by this
      Agreement shall be subject to the satisfaction of the following conditions,
      unless waived in writing prior to the Closing by the Seller:

     

    
      	
               

            	
              (a)

            	
              Buyer
                shall have performed, in all material respects, all obligations and
                complied with all covenants required by this Agreement to be performed
                or
                complied with, in all material respects, by it prior to the
                Closing.

            

    

     

    
      	
               

            	
              (b)

            	
              Each
                of the documents and other items to be delivered by the Buyer at
                the
                Closing pursuant to Section 3.3 shall have been
                delivered.

            

    

     

    
      	
               

            	
              (c)

            	
              Nothing
                having a Material Adverse Effect (as defined below) shall have occurred
                between the date hereof and the Closing in the business, operations,
                financial or other condition of the Buyer.  For purposes of this
                Agreement, the term “Material Adverse Effect” means an effect or condition
                that individually or when taken together with all other effects or
                conditions of like nature would be reasonably expected to have a
                material
                adverse effect on (i) the business, operations financial or other
                condition of the Buyer; or (ii) the Buyer’s ability to consummate the
                transactions required by this
                Agreement.

            

    

     

     

     

     

    
      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      IX

     

    TERMINATION

     

    9.1.          Right
      of Termination.This
      Agreement may be terminated without further liability of any party at any time
      prior to the Closing:

     

    
      	
               

            	
              (a)

            	
              by
                mutual written agreement of Buyer and Seller;

            

    

     

    
      	
               

            	
              (b)

            	
              by
                either party if there has been a material breach by the other party
                of its
                respective representations, warranties and covenants set forth in
                Articles
                4, 5 or 6, as applicable; or

            

    

     

    
      	
               

            	
              (c)

            	
              by
                either party if there has occurred an event constituting a Material
                Adverse Effect.

            

    

     

    
      	
               

            	
              (d)

            	
              If
                at any time, before or after Closing, the Buyer seeks protection
                under the
                Bankruptcy laws of any State or the U. S. Federal Government, or
                otherwise
                seeks to terminate or wind up its business pursuant to any statute,
                or
                ceases to exploit, for any reason, the rights and licenses granted
                hereunder or pursuant to the License Agreement entered into by and
                between
                the Parties hereto, then and in such event, the Licenses shall be
                deemed
                terminated, without further action by any Party, and all rights and
                licenses shall revert to Jump Communications, Inc. or its successor
                in
                interest.

            

    

     

    9.2.          Effect
      of Termination; Sole Remedy.Upon
      any
      termination of this Agreement prior to Closing, the Purchased Assets shall
      automatically revert back to Seller and this Agreement shall be of no further
      force or effect.  The parties hereby acknowledge and agree that their
      sole remedy with respect to any breach by the other party of its respective
      representations, warranties and covenants set forth in Articles 4, 5 or 6,
      as
      applicable, shall be termination of this Agreement with no liability to the
      breaching party.

     

     

    ARTICLE
      X

     

    MISCELLANEOUS

     

    10.1.        Rules
      of Construction.All
      Exhibits and Schedules attached hereto shall be deemed incorporated herein
      as if
      set forth in full herein and, unless otherwise defined therein, all terms used
      in any Exhibit or Schedule shall have the meaning ascribed to such term in
      this
      Agreement.  The words “include,” “includes” and “including” shall be
      deemed to be followed by the phrase “without limitation.”  The words
“hereof,” “herein” and “hereunder” and words of similar import when used in this
      Agreement shall refer to this Agreement as a whole and not to any particular
      provision of this Agreement.  Unless otherwise expressly provided
      herein, any agreement, plan, instrument or statute defined or referred to herein
      or in any agreement or instrument that is referred to herein means such
      agreement, plan, instrument or statute as from time to time amended, modified
      or
      supplemented, including (in the case of agreements or instruments) by waiver
      or
      consent and (in the case of statutes) by succession
      of comparable successor statutes and references to all attachments thereto
      and
      instruments incorporated therein.

     

     

     

    
      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

    

    

     

    10.2.        Disclosures
      and Announcements.Both
      the
      timing and the content of all disclosure to third parties and public
      announcements concerning the transactions provided for in this Agreement by
      either Seller or Buyer shall be subject to the approval of the other in all
      essential respects, except that Seller’s approval shall not be required as to
      any statements and other information which Buyer may submit to the Securities
      and Exchange Commission (“SEC”) or that Buyer may be required to make pursuant
      to any rule or regulation of the SEC or otherwise required by law.

     

    10.3.         Assignment;
      Parties in Interest.

     

    
      	
               

            	
              (a)

            	
              Assignment.  Except
                as expressly provided herein, the rights and obligations of a party
                hereunder may not be assigned, transferred or encumbered without
                the prior
                written consent of the other
                parties.

            

    

     

    
      	
               

            	
              (b)

            	
              Parties
                in Interest.  This Agreement shall be binding upon, inure to
                the benefit of, and be enforceable by the respective successors and
                permitted assigns of the parties hereto.  Nothing contained
                herein shall be deemed to confer upon any other person any right
                or remedy
                under or by reason of this
                Agreement.

            

    

     

    10.4.        Law
      Governing Agreement.This
      Agreement shall be construed and interpreted according to the internal laws
      of
      the State of Delaware, without regard to principles of conflict of
      laws.  The parties hereby stipulate that any action or other legal
      proceeding arising under or in connection with this Agreement may be commenced
      and prosecuted in its entirety in the federal or state courts located in the
      Southern District of the State of California.  Each party hereby
      submits to the personal jurisdiction thereof, and the parties agree not to
      raise
      the objection that such courts are not a convenient forum.  Process
      and pleadings mailed to a party at the address provided in the Notice section
      herein shall be deemed properly served and accepted for all
      purposes.  The parties hereto waive the right to trial by jury in any
      proceeding hereunder.

     

    10.5.        Amendment
      and Modification.The
      parties may amend, modify and supplement this Agreement in such manner as may
      be
      agreed upon by them in writing.

     

    10.6.        Survival.The
      representations and warranties contained in this Agreement shall not survive
      the
      Closing, at which time liability therefor shall cease.

     

    10.7.        Notice.All
      notices, requests, demands and other communications hereunder shall be given
      in
      writing and shall be:  (i) personally delivered; (ii) sent by
      telecopier, facsimile transmission or other electronic means of transmitting
      written documents; or (iii) sent to the parties at their respective addresses
      indicated herein by registered or certified U.S. mail, return receipt requested
      and postage prepaid, or by private overnight mail courier
      service.  The respective addresses to be used for all such notices,
      demands or requests are as follows:

    
       

       

       

       

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    (a)If
      to Buyer, to:

       

        NuTech
      Digital, Inc.

        3841
      Hayvenhurst Drive,

        Encino,
      CA
      91436

        Attention:
      Lee H. Kasper

        Facsimile: 818
      906
      1156                                                      

     

    or
      to
      such other person or address as Buyer shall furnish to Seller in
      writing.

     

    (b)   If
      to Seller, to:

     

        Jump
      Communications

        10390
      Wilshire Boulevard

        Penthouse
      20

        Los
      Angeles,
      California 90024

        Attention:
      A.
      Fred Greenberg

        Facsimile: (310)
      777-0015

    

    With
      a
      required copy to:

    

        Fredric
      H.
      Aaron, Attorney at Law, PC

        14
      Vanderventer Avenue, Suite 212

        Port
      Washington, NY 11050

        Attention:
      Fredric H. Aaron, Esq.

        Facsimile:
      (516) 802-3807

     

    or
      to
      such other person or address as Seller shall furnish to Buyer in
      writing.

     

    If
      personally delivered, such communication shall be deemed delivered upon actual
      receipt; if electronically transmitted pursuant to this paragraph, such
      communication shall be deemed delivered the next business day after transmission
      (and sender shall bear the burden of proof of delivery); if sent by overnight
      courier pursuant to this paragraph, such communication shall be deemed delivered
      upon receipt; and if sent by U.S. mail pursuant to this paragraph, such
      communication shall be deemed delivered as of the date of delivery indicated
      on
      the receipt issued by the relevant postal service, or, if the addressee fails
      or
      refuses to accept delivery, as of the date of such failure or
      refusal.  Any party to this Agreement may change its address for the
      purposes of this Agreement by giving notice thereof in accordance with this
      Section.

     

    10.8.        Expenses.Regardless
      of whether or not the transactions contemplated hereby are consummated, each
      of
      the parties hereto shall bear their own respective expenses and the expenses
      of
      its counsel and other agents in connection with the transactions contemplated
      hereby.

     

    
      	
              10.9.

            	
              Entire
                Agreement; Enforceability. This Agreement, including all the Exhibits
                and Schedules, ancillary agreements and any other instruments to
                be
                executed and delivered by the parties hereto (the “Transaction
                Documents”):  (i) constitutes the entire agreement among the
                parties with respect to the transactions contemplated herein and
                supersedes all prior agreements and understandings, both written
                and oral,
                among the parties, with respect
                to the subject matter hereof and thereof, and (ii) shall be binding
                upon,
                and is solely for the benefit of, each party hereto and nothing in
                this
                Agreement is intended to confer upon any third party any rights or
                remedy
                of any nature whatsoever hereunder or by reason of this Agreement
                or any
                of the Transaction
                Documents.

            

    

     

     

     

     

    
      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

    

    

    
      	
               

            	
            

    

     

    
      	
              10.10.

            	
              Severability.Any
                term or provision of this Agreement which is invalid, illegal or
                unenforceable in any jurisdiction shall, as to that jurisdiction,
                be
                ineffective to the extent of such invalidity, illegality or
                unenforceability without rendering invalid, illegal or unenforceable
                the
                remaining terms and provisions of this Agreement or affecting the
                validity
                or enforceability of any of the terms or provisions of this Agreement
                in
                any other jurisdiction.  If any provision of this Agreement is
                so broad as to be unenforceable, the provision shall be interpreted
                to be
                only so broad as is
                enforceable.

            

    

     

    10.11.      Counterparts.This
      Agreement may be executed 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.  This Agreement shall become effective when one or more
      counterparts have been signed by each of the parties and delivered (by facsimile
      or otherwise) to the other parties, it being understood that all parties need
      not sign the same counterpart.  Any counterpart or other signature
      delivered by facsimile shall be deemed for all purposes as constituting good
      and
      valid execution and delivery of this Agreement by a party.

     

    10.12.      Headings.The
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation of this
      Agreement.  Section, subsection, preamble, recital and party
      references are to this Agreement unless otherwise stated.  No party or
      its counsel shall be deemed the drafter of this Agreement for purposes of
      construing its provisions, and all language in all parts of this Agreement
      shall
      be construed in accordance with its fair meaning, and not strictly for or
      against any party.  The parties waive any rule of law or judicial
      precedent that provides that contractual ambiguities are to be construed against
      the party who shall have drafted the contractual provision in
      question.

     

    [Signature
      Page to Asset Purchase Agreement Follows]

     

    

     

    
      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

    

    

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

     

    
      	 	
              NuTech
                Asset Acquisition Corp.

              a
                Nevada corporation

            
	 	 
	 	 
	 	
              /S/ Lee
                H. Kasper

              By:
                Lee H. Kasper

              Title:
                President

            
	 	 
	 	 
	
              “Seller”

            	
              Jump
                Communications, Inc.

              a
                Nevada corporation

            
	 	 
	 	 
	 	
              /S/ A.
                Frederick Greenberg

              By:
                A. Fred Greenberg

              Title:
                Chairman

            
	 	 
	 	 

    

    

    

    
      
              

                  Signature
            Page to Asset Purchase
            Agreement      
    

        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    EXHIBITS

    

    Exhibit/Schedule                                   Description

    

    Schedule
      1.1                                          List
      of Purchased Assets

    

    A                                                             Form
      of Bill of Sale

    

    3.2(b)                                                      Form
      of License Agreement

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    SCHEDULE
      1.1

     

    

     

    
      	
              QTY

            	
              Manufacturer

            	
              Asset
                Description

            	
              Model
                #

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              OC3-2
                MMF UNI/NNI R3.1

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              DUAL
                MAU

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Control
                Card I/O PNL US Tel

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              UCS
                Filler Plate: 6 Pk

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Support

            	
              36170
                Tech Practice CD

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Control

            	
              46020
                R3.0 NM Software

            
	
              1

            	
              Alcatel

            	
              7470
                MSP Network Switch Install

            	
              Installation

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Termination
                Card

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Switching
                Shelf

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              DSC-1310/NSX/R3.1

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              DRX-1310

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Peripheral
                Shelf-2

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Control
                Card 2

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Callp
                Card-2

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              PNNI
                Routing Card -2

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Stratum
                3 SSU 2 Module

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              DS3-2
                ATM UNI/NNI

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              Filler
                Plates DSC & H/S

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              DRX
                Filler Plate: 7 Pk

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              100/120V
                TO 48 VDC UPG Kit

            
	
              2

            	
              Alcatel

            	
              7470
                MSP Network Switch Component

            	
              100/120V
                to 48VDC Rectifier

            

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

     

    EXHIBIT
      A

     

     

    BILL
      OF SALE

     

    KNOW
      ALL
      MEN BY THESE PRESENTS, that Jump Communications, Inc., a Nevada corporation
      (“Seller”), for good and valuable consideration, the receipt of which is hereby
      acknowledged, effective as of the date set forth below, hereby irrevocably
      grants, conveys, transfers and assigns unto NuTech Acquisition Corp., a
      California corporation (“Buyer”), its successors and assigns, all of its right,
      title and interest in and to the Purchased Assets (as defined in that certain
      Asset Purchase Agreement entered into by and among Seller and Buyer dated as
      of
      August 7, 2007 (the “Agreement”), and more fully set forth on Schedule 1.1
      attached hereto (the “Purchased Assets”);

     

    TO
      HAVE
      AND TO HOLD the same unto Buyer, its successors or assigns, forever, and Seller
      does hereby covenant and agree that it will from time to time, if requested
      by
      Buyer, its successors and assigns, execute, acknowledge and deliver, or will
      cause to be done, executed and delivered to Buyer or its successors or assigns,
      such and all further acts, transfers, assignments, deeds, powers and assurances
      of title, and additional papers and instruments, and to cause to be done all
      acts or things as often as may be proper or necessary for better assuring,
      conveying, transferring and assigning all of the Purchased Assets hereby
      conveyed, transferred or assigned, and effectively to carry out the intent
      hereof, and to vest in the entire right, title and interest of Seller in and
      to
      all of the said Purchased Assets.

     

    

    IN
      WITNESS WHEREOF, Seller has caused this instrument to be executed by its duly
      authorized officer this ___ day of July, 2007.

     

    

     

    
      	
              NuTech
                Acquisition Corp.,

              a
                Nevada corporation

            
	 
	 
	
              /S/                                       
                 

              By:
                Lee Kasper

              Title:
                President

            
	 
	 
	
              Jump
                Communications, Inc.,

              a
                Nevada corporation

            
	 
	 
	
              /S/                                       
                 

              By:
                A. Frederick Greenberg

              Title:
                President

            
	 
	 

    

    

    
      
        
        

      

      
        14ex10-5.htm

Exhibit 10.5

     

    LICENSE
      AGREEMENT

     

    THIS
      LICENSE AGREEMENT (the “Agreement”) is made and entered
      into effective as of August 2, 2007, by and between Jump Communications,
      Inc., a Nevada corporation (“Licensor”), and NuTech Acquisition Corp., a Nevada
      corporation (“Licensee”), as follows:

     

     

    RECITALS

     

    WHEREAS,
      Licensor is the exclusive licensee in and for the territory of the
      United States of certain proprietary audio-video compression technology that
      permits end-users to conduct real-time televideo and data communication over
      a
      wide area network ("WAN") and local area network (“LAN”)  ("Licensor
      Technology"), and a proprietary management and control software system
      ("Licensor Software") used in connection with the deployment of the LAN and
      WAN
      Network Switching Center which enables local call aggregation and on-demand
      switched connectivity of end-users. Licensor is also the manufacturer of
      hardware products that embody the Licensor Technology and Licensor Software
      (“Licensor Products”).   Licensor Technology, Licensor Products
      and Licensor Software are hereinafter sometimes collectively referred to as
      the
“Licensor System”; and

     

    WHEREAS,
      simultaneously with the effective date of this Agreement, Licensee
      is
      acquiring telephone switching hardware and software assets to enable the
      operation and management of a telecommunications and technology Licensor
      pursuant to an Asset Purchase Agreement of even date herewith between Licensor
      and Licensee (the “Asset Purchase Agreement”) and the license granted hereunder
      together with the other assets being acquired by Licensee will enable Licensee
      to exploit the Licensor System in the markets and territory as defined below;
      and

     

    WHEREAS,
      Licensor desires to grant an exclusive license to Licensee to exploit,
      sell, distribute and otherwise deal in the Licensor System in Licensee’s defined
      market and territory, and Licensee desires to be the licensee of Licensor,
      and
      Licensor and Licensee desire to execute this Agreement to establish the terms
      and conditions that will apply to such licenses and to provide for other related
      matters.

     

    NOW,
      THEREFORE, IN CONSIDERATION of the premises, the mutual covenants and
      agreements hereinafter set forth, and other good and valuable consideration,
      the
      receipt and sufficiency of which are hereby acknowledged, the parties agree
      as
      follows:

     

     

    ARTICLE
      I

     

    CONDITION
      OF PRECEDENT

     

    This
      Agreement is wholly contingent upon, and shall only become effective upon the
      Closing as that term is defined in the Asset Purchase Agreement.

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      ARTICLE
        II

       

    

    
      DEFINITIONS

    

     

    The
      capitalized terms used in this Agreement shall have the meanings ascribed to
      them as set forth herein or on Schedule A attached hereto.

     

     

    ARTICLE
      III

     

    GRANTS
      OF LICENSES

     

    As
      and on
      condition of the Closing, Licensor grants a license to Licensee as set forth
      in
      and subject to this Section 3, as further defined below.

     

    3.1.          License.Licensor
      hereby grants to Licensee an exclusive and non-terminable license to the
      Licensor System in the Territory and in the Market, each as defined herein
      below
      in sub-paragraph 3.2 (the “License”).

     

    3.2.          Territory
      and
      Market.The
      License shall apply to the territory of the United States of America (the
“Territory”) and to the following markets in the Territory (the
“Markets”):

     

    Medical
      Services: to include sales to
      hospitals, medical groups, medical insurance institutions, doctors, nurses
      and
      nurses groups, assisted care facilities or other facilities designed to offer
      or
      which offer medical services to residents.

     

    Adult
      entertainment: to include video
      entertainment intended for dissemination to adults.

     

    Job
      Search and Employment Services: to
      include video and data communications, either one way or two way, between job
      seekers and potential employers, and between or among job seekers, potential
      employers and companies or other entities specializing in employment
      services..

     

    
      	
              3.3.

            	
              Termination:
                The License granted hereunder shall be terminable after Closing in
                accordance with paragraph 9.1.d of the Asset Purchase Agreement,
                a copy of
                which is appended hereto as Exhibit B and made part
                hereof.

            

    

     

    

     

    3.4.          Ownership.

     

    
      	
               

            	
              (a)

            	
              All
                rights, title and interests in and relating to the Licensor System,
                including, without limitation, all patents, trademarks, copyrights,
                trade
                secrets and any and all other intellectual property rights therein,
                and to
                Licensor’s business and operations are and shall remain the sole and
                exclusive property of Licensor, and, other than the license rights
                expressly granted herein, Licensee does not have any right, title,
                interest or claim therein whatsoever. Licensor reserves and retains
                all
                right, title and interest (including without limitation patents and
                copyrights) in the Licensor Technology and the Licensor System and
                all
                customizations, additions, modifications, changes, enhancements,
                improvements and derivative works thereof made by Licensor or on
                behalf of
                Licensor, and all rights therein and copies
                thereof.

            

    

    
       

       

       

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               

            	
            

    

     

    
      	
               

            	
              (b)

            	
              Any
                and all intellectual property (collectively "Materials") developed
                by
                Licensee or caused by Licensee to be developed in connection with
                the
                Licensor System hereunder shall be the sole and exclusive property
                of
                Licensor.  For good and valuable consideration, Licensee hereby
                grants and assigns to Licensor all rights, title and interest in
                and to
                all of said Materials, including without limitation any and all copyrights
                and other intellectual property rights therein, in any and all media
                now
                known or hereafter devised throughout the universe in perpetuity.
                For good
                and valuable consideration, Licensor hereby grants to Licensee a
                perpetual, fully-paid license to use said Materials solely in connection
                with the License granted hereunder. Licensee will make available
                or cause
                to be made available to Licensor, upon Licensor’s request, any and all
                original copies, source code or human readable copies and versions
                of said
                Materials.  Such license shall be transferable by Licensee only
                to a Designee hereunder and on condition that said Designee does
                not
                utilize the Materials in connection with anything other than in connection
                with the License granted hereunder.

            

    

     

    
      	
               

            	
              (c)

            	
              Royalties:
                Licensee shall pay Licensor a royalty in the amount of five ($5.00)
                dollars (U.S.) per unit manufactured embodying the Licensed technology
                (the Manufacturing Royalty Amount). The Manufacturing Royalty Amount
                shall
                be paid quarterly within thirty days following the end of each calendar
                quarter

            

    

     

    

     

     

    ARTICLE
      IV

     

    REPRESENTATIONS
      AND WARRANTIES OF THE LICENSOR

     

    4.1.          Licensor.There
      are
      NO WARRANTIES made by Licensor in connection with the subject matter of this
      Agreement except as set forth specifically herein. Licensor represents and
      warrants to Licensee that (a) Licensor is a corporation duly organized, validly
      existing and in good standing under the laws of the State of Nevada and has
      the
      corporate power and authority to enter into this Agreement and to carry out
      its
      obligations hereunder, (b) this Agreement has been duly executed and
      delivered by Licensor and constitutes and will constitute a valid and binding
      obligation of Licensor, and is and will be enforceable against Licensor in
      accordance with its terms, subject to bankruptcy, insolvency, reorganization,
      moratorium and similar laws of general applicability relating to or affecting
      creditors’ rights and to general equity principles, and (c) the execution
      and delivery of this Agreement by Licensor does not, and the performance of
      this
      Agreement by Licensor will not, (1) violate the certificate of
      incorporation or by-laws of Licensor, (2) conflict with or violate any
      statute, rule, regulation, order, judgment or decree applicable to Licensor
      or
      by which it or any of its assets or properties is bound or affected, or
      (3) conflict with or violate the rights of any other person or entity.
      Licensee acknowledges that, except for the express warranties set forth in
      this
      Section 4, it has accepted the license and delivery of the Licensor Software
“AS
      IS” and “WITH ALL FAULTS.”  With
      respect to the Licensor Software and all Licensor Software Updates and Support
      Services the warranties are as follows: (i) the Licensor Software is, and any
      Licensor Software Updates will be, free and clear of all Liens that might
      adversely affect Licensee’s deployment and use of the Licensor System as
      permitted under this Agreement; (ii) Licensor owns or has exclusive, fully-paid,
      irrevocable and perpetual license rights in and to the Licensor Software and
      the
      Licensor Software Updates; and Licensor owns or otherwise has adequate rights
      to
      grant the licenses to the Licensor Software and the Licensor Software Updates
      to
      Licensee hereunder and possesses all rights and interests in the Licensor
      Software and the Licensor Software Updates necessary to enter into this
      Agreement; and (iii) the Licensor Software and the Licensor Software Updates
      and
      all components thereof do not and will not infringe upon the intellectual
      property rights, including without limitation the patent, copyright, trademark
      or trade secret rights, of any third parties.

    
       

       

       

       

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Licensee.There
      are
      NO WARRANTIES made by Licensee in connection with the subject matter of this
      Agreement except as set forth specifically herein. Licensee represents and
      warrants to Licensor that (a) Licensee is a corporation duly organized, validly
      existing and in good standing under the laws of the State of California and
      has
      the corporate power and authority to enter into this Agreement and to carry
      out
      its obligations hereunder, (b) this License Agreement has been duly executed
      and
      delivered by Licensee and constitutes and will constitute a valid and binding
      obligation of Licensee, and is and will be enforceable against Licensee in
      accordance with its terms subject to bankruptcy, insolvency, fraudulent
      conveyance, reorganization, moratorium and similar laws of general applicability
      relating to or affecting creditors’ rights and to general equity principles, and
      (c) the execution and delivery of this Agreement by Licensee does not, and
      the
      performance of this Agreement by Licensee will not, (1) violate the certificate
      of incorporation or by-laws of Licensee, (2) conflict with or violate any
      statute, rule, regulation, order, judgment or decree applicable to Licensee
      or
      by which it or any of its assets or properties is bound or affected, or (3)
      conflict with or violate the rights of any other person or entity.

     

     

    ARTICLE
      V

     

    DELETED

     

    ARTICLE
      VI

     

    AUDIT
      RIGHTS

     

    DELETED

     

    ARTICLE
      VII

     

     

    

    CONDITIONS
      PRECEDENT TO LICENSOR’S OBLIGATIONS

     

    7.1.          Conditions
      to Obligations of Licensor to Consummate the Transactions.The
      obligation of Licensor to consummate the transactions contemplated by this
      Agreement shall be subject
      to the satisfaction of the following conditions, unless waived in writing prior
      to the Closing by Licensor:

    
       

       

       

       

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              (a)

            	
              Licensee
                shall have performed, in all material respects, all obligations and
                complied with all covenants required by this Agreement and the Asset
                Purchase Agreement to be performed or complied with, in all material
                respects, by it prior to the
                Closing.

            

    

     

    
      	
               

            	
              (b)

            	
              Each
                of the documents or other items to be delivered by Licensee at the
                Closing
                pursuant to Section 3.2 of the Asset Purchase Agreement shall have
                been delivered.

            

    

     

     

    ARTICLE
      VIII

     

    SALES
      OF GOODS AND EQUIPMENT BY LICENSOR TO LICENSEE

     

    Subsequent
      to the sale of equipment as set forth in Schedule B, all equipment manufactured
      by or embodying software, hardware of firmware that is sold by Licensor to
      Licensee in connection with the License granted hereunder shall be sold to
      Licensee at the Cost of Goods plus ten (10%) percent and upon such other terms
      and conditions as the Parties may agree.

     

     

    ARTICLE
      IX

     

    INDEMNIFICATION

     

    9.1.          Indemnification
      Obligations.Each
      party, at its own expense, shall defend, hold harmless and indemnify the other
      party, its officers, directors, employees, agents, successors, affiliates and
      assigns, from and against any and all loss, damages, expenses (including
      reasonable attorneys’ fees) arising from the material breach of any
      representation or warranty made hereunder.

     

    9.2.          Exceptions.Licensor’s
      obligations to indemnify as set forth in this Section IX shall not apply to
      any
      claim to the extent that it arises from (i) any modifications, changes,
      additions, or enhancements to the Licensor Software Updates that have not been
      made directly by Licensor or have not been made at its express direction or
      under its direct oversight, control or supervision, or (ii) any such
      modifications made by Licensor at the request or to the specification of
      Licensee, Licensee’s customers, or any of their agents.

     

     

    ARTICLE
      X

     

    LIMITATION
      OF LIABILITY

     

    NEITHER
      PARTY SHALL BE LIABLE TO THE OTHER EXCEPT FOR (i) INDEMNIFICATION OBLIGATIONS
      PURSUANT TO SECTION  IX OF THIS AGREEMENT, (ii) THIRD-PARTY CLAIMS FOR
      PROPERTY DAMAGE, PERSONAL INJURY OR DEATH, AND OTHER CLAIMS FOR WHICH EITHER
      PARTY MAY BE ENTITLED TO INDEMNIFICATION OR CONTRIBUTION FROM THE OTHER PURSUANT
      TO THIS AGREEMENT OR AS A MATTER OF LAW, (iii) ANY MATERIAL BREACH OF ANY
      WARRANTY SET FORTH IN SECTION IV OF THIS AGREEMENT AND
      (iv)
      ANY MATERIAL BREACH OF THE CONFIDENTIALITY PROVISION SET FORTH IN SECTION XI
      OF
      THIS AGREEMENT.

    
       

       

       

       

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
      XI

     

    CONFIDENTIALITY

     

    The
      parties will each learn from the other, information, both orally and in writing,
      concerning the business of the other party, including, without limitation,
      financial, technical and marketing information, data and information related
      to
      the development of technology and services relating to each party’s business
      technology, which information is proprietary to the disclosing
      party.  The parties hereby agree, as set forth below, to protect such
      information, whether furnished before, on or after the date of this Agreement,
      as it protects its own similar confidential information, but never less than
      commercially reasonable efforts, and not to disclose such information to anyone
      except as otherwise provided for in this Agreement. Such information, in whole
      or in part, together with analyses, compilations, programs, reports, proposals,
      studies or any other documentation prepared by the other party that contains
      or
      otherwise reflects or makes reference to such information is hereinafter
      referred to as “Confidential Information”.  The parties hereby agree
      that the Confidential Information will be used solely for the purpose of this
      Agreement and not for any other purpose.  The parties further agree
      that any Confidential Information is the sole and exclusive property of the
      disclosing party or its licensors, and that the receiving party shall not have
      any right, title, or interest in or to such Confidential Information except
      as
      expressly provided in this Agreement.  The parties further agree to
      protect and not to disclose to anyone (except as provided in this Agreement)
      for
      any reason the Confidential Information; provided, however, that:
      (i) such Confidential Information may be disclosed to the receiving
      party’s  officers, directors, employees, agents, advisors or
      representatives (collectively, “Representatives”) on a “need to know” basis for
      the purpose of this Agreement on the condition that (a) each such Representative
      will be informed by the receiving party of the confidential nature of such
      Confidential Information and will agree to be bound by the terms of this
      Agreement and not to disclose the Confidential Information to any other person
      and (b) the receiving party agrees to accept full responsibility for any breach
      of this Article X by any Representatives; and (ii) Confidential Information
      may
      be disclosed upon the prior written consent of the disclosing
      party.  The parties hereby agree, upon the request of the disclosing
      party, to deliver promptly to the disclosing party at the receiving party’s cost
      the Confidential Information, without retaining any copies thereof, excluding
      such portions of the Confidential Information incorporated within the Licensor
      Software and Licensor Software Updates licensed hereunder.  Specifically
      and without limitation, Licensee agrees to (i) reproduce (and refrain from
      removing or destroying) copyright and proprietary rights notices which are
      placed on the Licensor Licensed Technology, (ii) erase or otherwise destroy,
      prior to disposing of media all portions of Licensor System intellectual
      property and/logos contained on such media and (iii) notify Licensor in writing
      upon any officer or director learning of any unauthorized disclosure or use
      of
      the Licensor System or any component thereof, and reasonably cooperate with
      Licensor to cure any unauthorized disclosure or use thereof. Licensor agrees
      that Licensee’s use and distribution of the Licensor system pursuant to and in
      accordance with the terms of this Agreement shall not be a violation of Article
      X.

     

    The
      term
“Confidential Information” shall not include any information: (i) which at the
      time of disclosure or thereafter is generally available to or known by the
      public (other than as a result of a disclosure directly or indirectly by the
      receiving party); (ii) is independently developed by the receiving party,
      without reference to or use of, the Confidential Information; (iii) was known
      by
      the receiving party as of the time of disclosure without a breach of
      confidentiality; (iv) is lawfully learned from a third party not under
      obligation to the disclosing party; or (v) is required to be disclosed pursuant
      to a subpoena, court order or other legal process, whereupon the receiving
      party
      shall provide prompt written notice to the disclosing party
      prior to such disclosure and provide reasonable assistance to the disclosing
      party in attempting to protect the confidentiality of the Confidential
      Information in the proceeding.

    
       

       

       

       

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
      XII

     

    MISCELLANEOUS

     

    12.1.        Rules
      of Construction.All
      Exhibits and Schedules attached hereto shall be deemed incorporated herein
      as if
      set forth in full herein and, unless otherwise defined therein, all terms used
      in any Exhibit or Schedule shall have the meaning ascribed to such term in
      this
      Agreement.  The words “include,” “includes” and “including” shall be
      deemed to be followed by the phrase “without limitation.”  The words
“hereof,” “herein” and “hereunder” and words of similar import when used in this
      Agreement shall refer to this Agreement as a whole and not to any particular
      provision of this Agreement.  Unless otherwise expressly provided
      herein, any agreement, plan, instrument or statute defined or referred to herein
      or in any agreement or instrument that is referred to herein means such
      agreement, plan, instrument or statute as from time to time amended, modified
      or
      supplemented, including (in the case of agreements or instruments) by waiver
      or
      consent and (in the case of statutes) by succession of comparable successor
      statutes and references to all attachments thereto and instruments incorporated
      therein.  

     

    12.2.        Disclosures
      and Announcements.Both
      the
      timing and the content of all disclosure to third parties and public
      announcements concerning the transactions provided for in this Agreement by
      either Licensor or Licensee shall be subject to the approval of the other in
      all
      essential respects.hat Licensee may be required to make pursuant to any rule
      or
      regulation of the SEC or otherwise required by law.

     

    12.3.         Assignment;
      Parties in Interest.

     

    
      	
               

            	
              (a)

            	
              Assignment.  Except
                as expressly provided herein, the rights and obligations of a party
                hereunder may not be assigned, transferred or encumbered without
                the prior
                written consent of the other
                parties.  

            

    

     

    
      	
               

            	
              (b)

            	
              Parties
                in Interest.  This Agreement shall be binding upon, inure to
                the benefit of, and be enforceable by the respective successors and
                permitted assigns of the parties hereto.  Nothing contained
                herein shall be deemed to confer upon any other person any right
                or remedy
                under or by reason of this
                Agreement.

            

    

     

    12.4.         Law
      Governing Agreement.This
      Agreement shall be construed and interpreted according to the internal laws
      of
      the State of Nevada, without regard to principles of conflict of
      laws.  The parties hereby stipulate that any action or other legal
      proceeding arising under or in connection with this Agreement may be commenced
      and prosecuted in its entirety in the federal or state courts located in the
      Southern District of the State of California.  Each party hereby
      submits to the personal jurisdiction thereof, and the parties agree not to
      raise
      the objection that such courts are not a convenient forum.  Process
      and pleadings mailed to a party at the address provided in the Notice section
      herein shall be deemed properly served and accepted for all
      purposes.  The parties hereto waive the right to trial by jury in any
      proceeding hereunder.

    
       

       

       

       

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    12.5.        Amendment
      and Modification.The
      parties may amend, modify and supplement this Agreement in such manner as may
      be
      agreed upon by them in writing.

     

    12.6.        Force
      Majeure.Except
      as
      expressly provided to the contrary in this Agreement, neither party shall be
      liable to the other for any delay or failure to perform due to causes beyond
      its
      reasonable control.  Performance times shall be considered extended
      for a period of time equivalent to the time lost because of any such
      delay.

     

    12.7.        Non-revocation.The
      licenses, immunities, authorities and agreements set forth in Section 4
      hereof, once effective, are not terminable, cancelable or revocable, except
      pursuant to Section 4.7 hereof regarding reversion of rights as described
      therein.

     

    12.8.        Notice.All
      notices, requests, demands and other communications hereunder shall be given
      in
      writing and shall be:  (i) personally delivered; (ii) sent by
      telecopier, facsimile transmission or other electronic means of transmitting
      written documents; or (iii) sent to the parties at their respective addresses
      indicated herein by registered or certified U.S. mail, return receipt requested
      and postage prepaid, or by private overnight mail courier
      service.  The respective addresses to be used for all such notices,
      demands or requests are as follows:

     

           
      (a)If
      to
      Licensee, to:

     

            NuTech
      Acquisition
      Corp.

            10390
      Wilshire
      Boulevard

            Los
      Angeles, CA
      90024

            Attention:
Lee
      Kasper, President

            Facsimile:
      310 777
      0015

     

            or
      to such other
      person or address as Licensee shall furnish to Licensor in writing.

     

           
      (b) If to Licensor, to:

     

            Jump
      Communications,
      Inc.

            10390
      Wilshire
      Boulevard

            Penthouse
      20

            Los
      Angeles,
      California 90024

            Attention:
      A. Fred
      Greenberg

            Facsimile: (310)
      777-0015

     

            With
      a required copy to:

    

            Fredric
      H. Aaron,
      Attorney at Law, PC

            14
      Vanderventer
      Avenue, Suite 212

            Port
      Washington, NY
      11050

            Attention:
      Fredric H.
      Aaron, Esq.

            Facsimile:
      (516)
      802-3807

     

            or
      to such other
      person or address as Licensor shall furnish to Licensee in writing.

    
       

       

       

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    If
      personally delivered, such communication shall be deemed delivered upon actual
      receipt; if electronically transmitted pursuant to this paragraph, such
      communication shall be deemed delivered the next business day after transmission
      (and sender shall bear the burden of proof of delivery); if sent by overnight
      courier pursuant to this paragraph, such communication shall be deemed delivered
      upon receipt; and if sent by U.S. mail pursuant to this paragraph, such
      communication shall be deemed delivered as of the date of delivery indicated
      on
      the receipt issued by the relevant postal service, or, if the addressee fails
      or
      refuses to accept delivery, as of the date of such failure or
      refusal.  Any party to this Agreement may change its address for the
      purposes of this Agreement by giving notice thereof in accordance with this
      Section.

     

    12.9.        Expenses.Regardless
      of whether or not the transactions contemplated hereby are consummated, each
      of
      the parties hereto shall bear their own respective expenses and the expenses
      of
      its counsel and other agents in connection with the transactions
      contemplated hereby.

     

    12.10.      Entire
      Agreement; Enforceability.This
      Agreement, together with the Asset Purchase Agreement, and including all the
      Exhibits and Schedules hereto and thereto, ancillary agreements and any other
      instruments to be executed and delivered by the parties hereto (the “Transaction
      Documents”):  (i) constitutes the entire agreement among the parties
      with respect to the transactions contemplated herein and supersedes all prior
      agreements and understandings, both written and oral, among the parties, with
      respect to the subject matter hereof and thereof, and (ii) shall be binding
      upon, and is solely for the benefit of, each party hereto and nothing in this
      Agreement is intended to confer upon any third party any rights or remedy of
      any
      nature whatsoever hereunder or by reason of this Agreement or any of the
      Transaction Documents.

     

    12.11.      Severability.Any
      term
      or provision of this Agreement which is invalid, illegal or unenforceable in
      any
      jurisdiction shall, as to that jurisdiction, be ineffective to the extent of
      such invalidity, illegality or unenforceability without rendering invalid,
      illegal or unenforceable the remaining terms and provisions of this Agreement
      or
      affecting the validity or enforceability of any of the terms or provisions
      of
      this Agreement in any other jurisdiction.  If any provision of this
      Agreement is so broad as to be unenforceable, the provision shall be interpreted
      to be only so broad as is enforceable.

     

    12.12.      No
      Waiver.No
      delay
      or omission by either party hereto to exercise any right or power hereunder
      shall impair such right or power or be construed to be a waiver
      thereof.  A waiver by either of the parties hereto of any of the
      covenants to be performed by the other or any breach thereof shall not be
      construed to be a waiver of any succeeding breach thereof or of any other
      covenant herein contained.

     

    12.13.      Further
      Assurances and
      Documents.Licensor
      and Licensee shall take all actions and do all things, including without
      limitation the execution and delivery of instruments and documents, necessary
      to
      effectuate the purposes and intent of this Agreement.

     

    12.14.      Assignment.This
      Agreement shall be binding upon the parties and their respective successors,
      representatives and permitted assigns and their Affiliates,
      respectively.  Neither party may assign this Agreement without the
      prior written consent of the other party, except that either party hereto may
      assign its rights hereunder to an Affiliate of such party and either party
      may,
      without the consent
      of the other party, assign and delegate this Agreement and its rights and
      obligations hereunder in connection with a merger, consolidation or sale of
      substantially all of its assets (which sale shall include the assignment and
      assumption of all rights and obligations under this Agreement); provided,
however, that the assigning or transferring party shall not be relieved
      of his, her or it's obligations hereunder unless such assignee or transferee
      shall assume all obligations of the assigning or transferring party in
      writing.

    
       

       

       

       

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    12.15.      Survival.Section
      XI shall survive the termination of this Agreement.

     

    12.16.      Counterparts.This
      Agreement may be executed 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.  This Agreement shall become effective when one or more
      counterparts have been signed by each of the parties and delivered (by facsimile
      or otherwise) to the other parties, it being understood that all parties need
      not sign the same counterpart.  Any counterpart or other signature
      delivered by facsimile shall be deemed for all purposes as constituting good
      and
      valid execution and delivery of this Agreement by a party.

     

    12.17.      Headings.The
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation of this
      Agreement.  Section, subsection, preamble, recital and party
      references are to this Agreement unless otherwise stated.  No party or
      its counsel shall be deemed the drafter of this Agreement for purposes of
      construing its provisions, and all language in all parts of this Agreement
      shall
      be construed in accordance with its fair meaning, and not strictly for or
      against any party.  The parties waive any rule of law or judicial
      precedent that provides that contractual ambiguities are to be construed against
      the party who shall have drafted the contractual provision in
      question.

     

    [Signature
      Page to License Agreement Follows]

    
       

       

       

       

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

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

     

    
      	
              “Licensee”

            	
              NuTech
                Acquisition Corp.,

              a
                Nevada corporation

            
	 	 
	 	 
	 	
              /S/ Lee
                H. Kasper

              By:
                Lee Kasper

              Title:
                President

            
	 	 
	 	 
	
              “Licensor”

            	
              Jump
                Communications, Inc.,

              a
                Nevada corporation

            
	 	 
	 	 
	 	
              /S/ A.
                Frederick Greenberg

              By:
                A. Fred Greenberg

              Title:
                President

            
	 	 
	 	 

    

     

    

    
       

       

       

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      A

     

    DEFINITIONS:

     

    Affiliate:  any
      wholly-owned subsidiary of a party hereto, or any entity in which a party hereto
      has a controlling interest, or any other entity controlled by, controlling
      or
      under common control with a party.

     

    ATM
      Switch:  the Newbridge 36170 MainStreetXpress ATM switch and
      related Newbridge software, and any updates, modifications or replacements
      thereof, or any hardware/software ATM switch platform that is functionally
      equivalent thereto, if approved by Licensor.

     

    Designee:  any
      designee of Licensee hereunder approved by Licensor in writing.

     

    Licensor
      Names and Marks: " Licensor Corp.," " Licensor," "Licensor System,"
      "Licensor Codec," “Licensor VBX”

     

    Licensor
      Software: a proprietary management and control software system used in
      connection with the deployment and operation of the Licensor
      System.

     

    Licensor
      Software Updates: such updates to the Licensor Software, if any, that
      Licensor may create from time to time. Any Licensor Software Updates provided
      shall become a part of the Licensor Software upon provision of such to Licensee
      hereunder.

     

    Licensor
      Technology:  Licensor is the exclusive licensee of a
      proprietary audio-video compression technology that permits end-users to conduct
      real-time televideo communication over broadband wide area network ("WAN")
      telecom systems. The Licensor Technology is referred to herein to provide
      background information and is not included within the subject matter licensed
      under this Agreement

     

    Licensor
      System:  a term referring collectively to the Licensor LAN
      and WAN components and the Licensor Software, and any and all related
      proprietary Licensor WAN hardware and software components that operate to
      deliver switched broadband data services to end-users.

     

    Licensor
      LAN and WAN:  substantially comprised of an ATM Switch and
      any related routers, connectivity equipment, and other hardware and software
      manufactured by third party vendors, located within a carrier class collocation
      facility, which provides the facility for local aggregation and switched WAN
      connectivity of end-users which may or may not be interconnected and
      interoperable with a LAN providing bandwidth within a campus, building or other
      integrated facility.

    
       

       

       

       

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    SCHEDULE
      B

     

    Asset
      Purchase Agreement

     

    [To
      be
      attached]

     

    

     

    
       

       

       

       

    

    
      
        
        

      

      
        13

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