Document:

EXHIBIT 10.54

                                   TERM SHEET

This term sheet summarizes the principal terms with respect to a potential
transaction between NeoMedia Technologies, Inc. (the "Company") and NextCode
Corporation ("Strategic Partner").

This Term Sheet is a statement of the present material intentions of the
parties, and except that the parties agree to negotiate in good faith towards
conclusion of the transactions referred to below and except as set forth under
the headings "Confidential Information" below as to which the parties intend to
be legally bound, no legally binding agreement or obligation of any party are
covered by this Term Sheet. A binding commitment with respect to the
transactions (other than as set forth under the heading "Confidential
Information" below) will result only upon the execution of definitive agreement,
if any. No oral modifications to this principle shall be valid.

The Company and Strategic Partner are discussing a transaction on the following
terms:

Licensed Products:         Strategic Partner and Company have mutual rights to
                           resell the following licensed products ("Licensed
                           Products"):

                                    PaperClick Client Software
                                    PaperClick Code Activation
                                    PaperClick Integration Services
                                    NextCode Application Router
                                    NextCode Barcode Decoder
                                    NextCode Code Activation

Nature of Services:        Company and Strategic Partner shall use commercially
                           reasonable efforts to aggressively market the
                           Licensed Product within the territory in a manner
                           consistent with good business ethics.

Sales Channels:            Company and Strategic Partner will act as mutual
                           non-exclusive channels to solicit orders for each
                           parties Licensed Products from clients in the
                           territory.

Non-Exclusive              Territory: Company and Strategic Partner are
                           authorized to solicit orders for each others Licensed
                           Products in the world wide market segment. The
                           territory is non-exclusive.

Independent Sales Efforts: Company and Strategic Partner shall, at all times,
                           have the right to sell, lease, license, ship or
                           otherwise distribute its own Licensed Product(s) to
                           Licensees in the Territory, whether directly or
                           indirectly through other distribution channels.

Co-branded User Interface: Strategic Partner will utilize a Co-branded User
                           Interface that when executed by the licensee shall
                           display "Powered by PaperClick" to the user of the
                           software in addition to Strategic Partner's own logos

Product Enhancements:      Company and Strategic Partner will work jointly to
                           suggest technical modifications that will be used as
                           input to future development of each parties product.

Required Training:         Each party will be trained on the other party's
                           products within the first 60 days following the
                           agreement.

Commissions and
  Discount Rates:          Each party will supply commission schedules and
                           discount rates which are yet to be determined but to
                           be completed within 30 days of the final agreement.

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Term:                      Unless sooner terminated the term of the agreement
                           shall commence as of the date last executed (the
                           "Effective Date") by a party and shall continue in
                           full force and effect for a period of one (1) year.
                           This term is renewable within the period thirty (30)
                           days prior to thirty (30) days after expiration of
                           the current proposed agreement.

Non-Compete:               Strategic Partner has described three scenarios of
                           opportunity relating to data input on a handheld
                           device platform. The first area is where the input
                           data is related to some Internet content. The second
                           area is where the data input on the client is used
                           locally by a native function on the handheld device.
                           The third area is where the handheld device is used
                           as a data collection tool to store successive inputs
                           to be used at a later time, by another system.

                           Strategic Partner agrees that, during the term of the
                           proposed agreement, the Company's linking platform
                           "PaperClick" is the exclusive Licensed Product and
                           method to be used by Strategic Partner software and
                           system for the purpose of linking to Internet content
                           in any event, in the regions where NeoMedia has
                           patent coverage issued or filed, and that it shall
                           not offer or sell any goods which are competitive
                           with, the same as, or similar in function to the
                           Company's Licensed Products, or develop, promote or
                           advertise any such goods. Company agrees to promote
                           Strategic Partner Licensed Products as a premier
                           created code and reader system, for those codes for
                           which Strategic Partner has readers, to the mobile
                           operator and other market spaces.

Product Warranties:        Company and Strategic Partner each warrants that the
                           parties respective unmodified products as delivered
                           to clients, when properly installed and used, will
                           substantially achieve the functionality described in
                           the product documentation.

Property Rights:           Company and Strategic Partner acknowledge and agree
                           that each party owns all right, title, and interest
                           in their respective Licensed Products. Company is the
                           owner of products that link physical objects to the
                           Internet, and Company has the right and authority to
                           grant licenses to use and solicit orders for such
                           products; Strategic Partner possesses barcode
                           symbology and reading software for mobile devices.

Exclusions:                This agreement does not imply that any rights are
                           licensed or otherwise transferred from Company to
                           Strategic Partner or other party, in any form without
                           expressed written consent by Company to that effect.
                           Furthermore, this agreement in no way applies to
                           pending litigation pertaining to any of the Virgin(R)
                           companies.

Independent Contractors:   Company and Strategic Partner are independent
                           contractors.

Confidential Information:  The recipient of any confidential information shall
                           be used solely for implementing either party's
                           obligations under this agreement.

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Strategic Partner:                                    Company:

NextCode Corp.                                  NeoMedia Technologies, Inc.

------------------------------------       ---------------------------------

Print Name:                                Print Name:
Title:                                     Title:
Date:                                      Date:

                                       3EXHIBIT 10.55

                                   TERM SHEET

This term sheet summarizes the principal terms with respect to a potential
transaction between NeoMedia Technologies, Inc. (the "Company") and the Shelron
Group, Inc. ("Shelron").

This Term Sheet is a statement of the present material intentions of the
parties, and except that the parties agree to negotiate in good faith towards
conclusion of the transactions referred to below and except as set forth under
the headings "Confidential Information" below as to which the parties intend to
be legally bound, no legally binding agreement or obligation of any party are
covered by this Term Sheet. A binding commitment with respect to the
transactions (other than as set forth under the heading "Confidential
Information" below) will result only upon the execution of definitive agreement,
if any. No oral modifications to this principle shall be valid.

The Company and Shelron are discussing a transaction on the following terms:

Licensed Products:         Shelron shall have a non-exclusive, worldwide license
                           the following products ("Licensed Products"):

                               PaperClick Barcode Decoder Client License
                               PaperClick Maintenance and Software Updates
                               PaperClick Integration Services
                               PaperClick Barcode Decoder Client Training

Nature of Services:        Company and Shelron shall use commercially reasonable
                           efforts to aggressively market the Licensed Product
                           within the territory in a manner consistent with good
                           business ethics.

Co-branded User            Shelron will utilize a Co-branded User Interface that
Interface:                 when executed by the licensee shall display "Powered
                           by PaperClick" to the user of the software in
                           addition to Shelron's own logos.

Joint Technical            Company and Shelron will work jointly to suggest
Cooperation:               technical modifications that will be used as input to
                           future development.

Term:                      Unless sooner terminated the term of the agreement
                           shall commence as of the date last executed (the
                           "Effective Date") by a party and shall continue in
                           full force and effect for a period of one (1) year.
                           This term is renewable within the period thirty (30)
                           days prior to thirty (30) days after expiration of
                           the current proposed agreement.

License Fees:              Licensed Product shall be licensed on a per
                           handset/device basis with a minimum number of
                           handsets/devices to be determined. Shipping, handling
                           and applicable taxes are billed separately.

Maintenance and            Company will provide standard telephone, e-mail
Software Updates:          support and software dot release updates, e.g. 3.1 to
                           3.4. The maintenance and software update fees will be
                           15% of the PaperClick Barcode Decoder Client License
                           to be paid annually in advance. Applicable taxes are
                           billed separately. Company will, in the future; add
                           support for additional connectivity, devices,
                           wireless connectivity options, handheld devices and
                           operating systems. These updates to the Licensed
                           Product will be provided as part the maintenance
                           program. Any enhancements and updates that require
                           Company to enter into royalty and/or licensing
                           agreements with third parties shall be excluded from
                           this scope.

Integration Services:      Shelron shall purchase PaperClick integration
                           services delivered on a time and material basis with
                           a minimum commitment. Company will evaluate the
                           current infrastructure and processes of Shelron's
                           ActivShopper Mobile Edition and scope effort to
                           construct an appropriate integration model.

                           Travel, expenses and applicable taxes are billed
                           separately.

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Required Training:         Within 60 days of agreement Shelron shall attend
                           training in the use and operation of the Licensed
                           Product. Training shall be conducted at Company's
                           offices during normal business hours. The training
                           shall be conducted as reasonably necessary to educate
                           the attendees in the use and operation of the each
                           Licensed Product for the purposes of performing the
                           obligations and duties described herein.

                           Applicable expenses and taxes are billed separately.

                           Shelron may request the training be conducted at some
                           other mutually agreeable location, subject to Company
                           availability, provided Shelron pays all travel
                           expenses, including but not limited to airfare, meals
                           and lodging, for any Company and Shelron personnel to
                           attend. Any additional training deemed necessary by
                           either party shall be provided at Company's
                           then-current retail rates, or as otherwise mutually
                           agreed in writing.

Product Warranties:        Company and Shelron each warrants that the parties'
                           respective unmodified products as delivered to
                           clients, when properly installed and used, will
                           substantially achieve the functionality described in
                           the product documentation.

Property Rights:           Company and Shelron acknowledge and agree that each
                           party owns all right, title, and interest in their
                           respective Licensed Products.

Exclusions:                This agreement does not imply that any intellectual
                           property rights are licensed or otherwise transferred
                           from Company to Shelron or other party, in any form
                           without expressed written consent by Company to that
                           effect.

Independent Contractors:   Company and Shelron are independent contractors.

Confidential Information:  The recipient of any confidential information shall
                           be used solely for implementing either party's
                           obligations under this agreement.

Joint Marketing:           Shelron and Company agree to issue a joint press
                           release announcing a strategic relationship within 30
                           days of agreement. Company agrees to promote Shelron
                           ActivShopper Product as the premier, revolutionary
                           e-commerce engine that automatically scans, locates
                           and compares prices for an item that a consumer
                           selects to the mobile operator and other market
                           spaces. Shelron and Company will jointly create a
                           "success story" for marketing purposes, highlighting
                           the use of the PaperClick and Shelron's ActivShopper
                           Mobile Edition. Shelron and Company agree to jointly
                           promote new market segments outside of mobile
                           comparison shopping.

Exclusivity:               Company agrees that its relationship with Shelron
                           related to the ActivShopper patented autopilot
                           comparison shopping toolbar technology is exclusive.

      Shelron:                                Company:

     Shelron Group, Inc.                     NeoMedia Technologies, Inc.

     ------------------------------------    ---------------------------------

     Print Name:                             Print Name
     Title:                                  Title:
     Date:                                   Date:

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