Document:

ex10_3.htm

    
      

    

    THIS
      WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT
      HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON
      STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE,
      PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
      AS
      TO THIS WARRANT UNDER SAID ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR
      AN
      OPINION OF COUNSEL REASONABLY SATISFACTORY TO NANOVIRICIDES, INC., THAT SUCH
      REGISTRATION IS NOT REQUIRED.

     

    COMMON
      STOCK PURCHASE WARRANT

    

    Right
      to
      Purchase 450,000 Shares of Common Stock of

    

    NANOVIRICIDES,
      INC.

    

    
      	
              Warrant
                No.: CW-1

            	
              Dated:  September
                21, 2007

            

    

    

    Nanoviricides,
      Inc., a corporation
      organized under the laws of the State of Nevada (the “Corporation”) hereby
      certifies that, for value received, DKR Saturn Event Driven Holding
      Fund
      Ltd., or its successors or assigns (the “Holder”) is entitled to purchase
      from the Corporation upon the due exercise hereof, and subject to the terms
      and
      conditions herein, from the date of issue of this warrant (the “Warrant”) until
      the third anniversary of the issuance hereof (the "Expiration Date"), all or
      any
      part of 450,000 fully paid and non-assessable shares of common stock, par value
      $.001 per share (the "Common Stock") of the Corporation, upon surrender hereof,
      with the exercise form annexed hereto duly completed and executed, at the office
      of the Corporation and upon simultaneous payment therefore in cash or by
      certified or official bank check, payable to the order of the Corporation,
      at a
      price per share of $1.00 (the "Exercise Price"), subject to adjustment as
      provided herein.

    

    1.           Restriction
      on Transfer.  No resale of the Warrant or of any of the
      shares of Common Stock underlying the exercise of the Warrant (the “Underlying
      Stock”) will be made unless such resale is registered pursuant to a registration
      statement filed by the Corporation with the Securities and Exchange Commission
      (the "Commission") or an exemption from registration under the Securities Act
      of
      1933, as amended (the "Securities Act"). By acceptance of this agreement, the
      Holder agrees, for itself and all subsequent holders, that prior to making
      any
      disposition of the Warrant or of any Underlying Stock, the Holder shall give
      written notice to the Corporation describing briefly the proposed disposition;
      and no such disposition shall be made unless and until (i) the Corporation
      has
      notified the Holder that, in the opinion of counsel satisfactory to it, no
      registration or other action under the Securities Act is required with respect
      to such disposition (which opinion may be conditioned upon the transferee's
      assuming the Holder's obligation hereunder); or (ii) a registration statement
      under the Act has been filed by the Corporation and declared effective by the
      Commission or other such similar action has been taken.

    

    2.           Expiration
      of Warrant.  Unless this Warrant and the Exercise Price are
      tendered as herein provided before the close of business on the Expiration
      Date,
      this Warrant will become wholly void and all rights and obligations set forth
      herein shall expire and terminate.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3.           Partial
      Exercise.  If this Warrant is exercised for less than all the
      shares purchasable upon the exercise hereof, the Warrant shall be surrendered
      by
      the Holder and replaced with a new warrant of like tender in the name of the
      Holder providing for the right to purchase the number of shares of Underlying
      Stock as to which this Warrant has not yet been exercised.

    

    4.           Adjustments.  The
      Exercise Price and the number of shares of Underlying Stock of the Corporation
      issuable pursuant to such exercise is subject to adjustment as
      follows:

    

    (a)           In
      case the Corporation shall at any time declare a stock dividend or stock split
      on the outstanding shares of Common Stock in shares of its Common Stock, then
      the Exercise Price and number of shares of Underlying Stock shall be
      proportionately adjusted so that the holder of any Warrant exercised after
      such
      time shall be entitled to receive the aggregate number and kind of shares which
      if such Warrant had been exercised immediately prior to such time, he or she
      would have owned upon such exercise and been entitled to receive by virtue
      of
      such dividend.

    

    (b)           In
      any case the Corporation shall at any time subdivide or combine the outstanding
      shares of the Common Stock, the Exercise Price, initial or adjusted, in effect
      immediately prior to such subdivision or combination shall forthwith be
      proportionately decreased in the case of subdivision or increased in the case
      of
      combination.

    

    (c)           In
      case of any capital reorganization, sale of substantially all the assets of
      the
      Corporation, or any reclassification of the shares of Common Stock of the
      Corporation, or in case of any consolidation with or merger of the Corporation
      into or with another corporation, then as a part of such reorganization sale
      reclassification, consolidation or merger, as the case may be, provision shall
      be made so that the registered owner of the Warrant evidenced hereby shall
      have
      the right thereafter to receive upon the exercise thereof the kind and amount
      of
      shares of stock or other securities or property which he would have been
      entitled to receive if immediately prior to such reorganization,
      reclassification, consolidation or merger, he had held the number of shares
      of
      Underlying Stock which were then issuable upon the exercise of the Warrant
      evidenced hereby, to the end that the provisions set forth (including provisions
      with respect to adjustments of the Exercise Price) shall thereafter be
      applicable, as nearly as reasonably may be, in relation to any shares of stock
      or other property thereafter deliverable upon the exercise of such
      Warrants.

    

    (d)           If
      the Corporation at any time makes any spin-off, split-off, or distribution
      of
      assets upon or with respect to its Common Stock, as a liquidating or partial
      liquidating dividend, spin-off, or by way of return of capital, or other than
      as
      dividend payable out of earnings or any surplus legally available for dividends
      under the laws of the State of Nevada, the holder of each Warrant then
      outstanding shall, upon the exercise of the Warrant, receive, in addition to
      the
      shares of Common Stock then issuable on exercise of the Warrant, the amount
      of
      such assets (or, at the option of the Corporation, a sum equal to the value
      thereof at the time of the distributions) which would have been payable to
      such
      holder had he or she exercised the Warrant immediately prior to the record
      date
      for such distribution.

    

    (e)           When
      any adjustment is required to be made to the Exercise Price, the number of
      shares of Common Stock issuable shall be determined as provided for in paragraph
      (f) hereof. No fractional shares of Common Stock shall be issued upon the
      exercise of the Warrant.  The Corporation shall round all fractional
      shares to the next whole share.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (f)           Whenever
      the Exercise Price is adjusted as provided above, the number of shares of
      Underlying Stock immediately prior to such adjustment shall be increased,
      effective simultaneously with such adjustment, by a number of shares of Common
      Stock computed by multiplying such number of shares of Common Stock by a
      fraction, the numerator of which is the Exercise Price in effect immediately
      prior to such adjustment and the denominator of which is the Exercise Price
      in
      effect upon such adjustment, and the number of shares of Underlying Stock
      arrived at by making said computation shall be added to the number of shares
      of
      Underlying Stock immediately prior to such adjustment. The total number of
      shares arrived at by making the computation provided for in the immediately
      preceding sentence shall thereupon be the number of shares of Common Stock
      issuable upon exercise or the Warrant and the Corporation shall forthwith
      determine the new Exercise Price.

    

    5.           Delivery
      of Underlying Stock.  As soon as practicable after the
      exercise hereof, the Corporation shall deliver a certificate or certificates
      for
      the number of full shares of Underlying Stock, all of which shall be fully
      paid
      and nonassessable, to the person or persons entitled to receive the same
      provided no sale, offer to sell or transfer of the Underlying Stock or of this
      Warrant, or of any shares or other securities issued in exchange for or in
      respect of such shares, shall be made unless a registration statement under
      the
      Act, with respect to such shares, is in effect or an exemption from the
      registration requirements of such Act is applicable to such shares.

    

    6.           Condition
      of Exercise of Warrant.

    

    (a)           Unless
      exercised pursuant to an effective registration statement under the Securities
      Act which includes the Underlying Stock, it shall be a condition to any exercise
      of this Warrant that the Corporation shall have received, at the time of such
      exercise, a representation in writing from the recipient in the form attached
      hereto as Exhibit A-1, that the Shares being issued upon exercise, are being
      acquired for investment and not with a view to any sale or distribution
      thereof.

    

    (b)           Each
      certificate evidencing the Underlying Stock issued upon exercise of this
      Warrant, shall be stamped or imprinted with a legend substantially in the
      following form:

     

    
      	
              THE
                SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT
                AND NOT WITH A VIEW TO, OR FOR RESALE IN CONNECTION WITH, ANY DISTRIBUTION
                THEREOF, AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
                1933, AS
                AMENDED (THE "ACT") OR ANY STATE SECURITIES LAWS.  SUCH
                SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
                IN
                THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY
                TO
                THE COMPANY AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED
                UNDER
                THE SECURITIES ACT.

            

    

     

    Subject
      to this Section 6, the
      Corporation may instruct its transfer agent not to register the transfer of
      all
      or a part of this Warrant, or any of the Shares, unless one of the conditions
      specified in the above legend is satisfied.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    7.           Representations
      and Warranties of the Corporation.  The Corporation
      represents and warrants to the Holder as follows:

    

    (a)           This
      Warrant has been duly authorized and executed by the Corporation and is a valid
      and binding obligation of the Corporation enforceable in accordance with its
      terms;

    

    (b)           The
      Underlying Stock has been duly authorized and reserved for issuance by the
      Corporation and, when issued in accordance with the terms hereof, will be
      validly issued, fully paid and nonassessable;

    

    (c)           The
      execution and delivery of this Warrant are not, and the issuance of the
      Underlying Stock upon exercise of this Warrant in accordance with the terms
      hereof will not be, inconsistent with the Corporation's Articles of
      Incorporation or By-laws, as amended.

    

    8.           Representations
      and Warranties by the Holder.  The Holder represents and
      warrants to the Corporation as follows:

    

    (a)           This
      Warrant is being acquired for its own account, for investment and not with
      a
      view to, or for resale in connection with, any distribution or public offering
      thereof within the meaning of the Securities Act.  Upon exercise of
      this Warrant, the Holder shall, if so requested by the Corporation, confirm
      in
      writing, in a form reasonably satisfactory to the Corporation, that the
      Underlying Stock issuable upon exercise of this Warrant is being acquired for
      investment and not with a view toward distribution or resale.

    

    (b)           The
      Holder understands that the Warrant and the Underlying Stock have not been
      registered under the Securities Act by reason of their issuance in a transaction
      exempt from the registration and prospectus delivery requirements of the
      Securities Act pursuant to Section 4(2) thereof, and that they must be held
      by
      the Holder indefinitely, and that the Holder must therefore bear the economic
      risk of such investment indefinitely, unless a subsequent disposition thereof
      is
      registered under the Securities Act or is exempted from such
      registration.

    

    (c)           The
      Holder has such knowledge and experience in financial and business matters
      that
      it is capable of evaluating the merits and risks of the purchase of this Warrant
      and the Underlying Stock and of protecting its interests in connection
      therewith.

    

    (d)           The
      Holder is able to bear the economic risk of the purchase of the Underlying
      Stock
      pursuant to the terms of this Warrant.

    

    9.           Rights
      of Stockholders.  No holder of this Warrant shall be
      entitled, as a warrant-   holder, to vote or receive dividends or
      be deemed the holder of Common Stock or any other securities of the Corporation
      which may at any time be issuable on the exercise hereof for any purpose, nor
      shall anything contained herein be construed to confer upon the holder of this
      Warrant, as such, any of the rights of a stockholder of the Corporation or
      any
      right to vote for the election of directors or upon any matter submitted to
      stockholders at any meeting thereof, or to give or withhold consent to any
      corporate action (whether upon any recapitalization, issuance of stock,
      reclassification of stock, change of par value, consolidation, merger,
      conveyance, or otherwise) or to receive notice of meetings, or to receive
      dividends or subscription rights or otherwise until the Warrant shall have
      been
      exercised and the Shares purchasable upon the exercise hereof shall have become
      deliverable, as provided herein.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    10.           Miscellaneous.

    

    (a)           This
      Warrant and any term hereof may be changed, waived, discharged or terminated
      only by an instrument in writing signed by the party against which enforcement
      of such change, waiver, discharge or termination is sought.

    

    (b)           This
      Warrant shall be governed by and construed in accordance with the laws of State
      of Nevada without regard to principles of conflicts of laws.  Any
      action brought concerning the transactions contemplated by this Warrant shall
      be
      brought only in the state courts of New York or in the federal courts located
      in
      the state of New York; provided, however, that the Corporation may choose to
      waive this provision and bring an action outside the state of New
      York.

    

    (c)           The
      invalidity or unenforceability of any provision hereof shall in no way affect
      the validity or enforceability of any other provision.

    

    (d)           The
      headings in this Warrant are for purposes of reference only, and shall not
      limit
      or otherwise affect any of the terms hereof.

    

    (e)           The
      terms of this Warrant shall be binding upon and shall inure to the benefit
      of
      any successors or assigns of the Corporation and of the holder or holders hereof
      and of the Underlying Stock.

    

    (f)           This
      Warrant and the other documents delivered pursuant hereto constitute the full
      and entire understanding and agreement between the parties with regard to the
      subjects hereof and thereof.

    

    (g)           Upon
      receipt of evidence reasonably satisfactory to the Corporation of the loss,
      theft, destruction or mutilation of this Warrant and, in the case of any such
      loss, theft or destruction, upon delivery of an indemnity agreement reasonably
      satisfactory in form and amount to the Corporation or, in the case of any such
      mutilation, upon surrender and cancellation of such Warrant, the Corporation
      at
      its expense will execute and deliver to the holder of record, in lieu thereof,
      a
      new Warrant of like date and tenor.

    

    (h)           This
      Warrant and any provision hereof may be amended, waived or terminated only
      by an
      instrument in writing signed by the Corporation and the Holder.

    

    (i)           Receipt
      of this Warrant by the Holder hereof shall constitute acceptance of and
      agreement to the foregoing terms and conditions.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the Corporation has caused this Warrant to be signed by its duly authorized
      officer.

    

    Dated:
      September 21, 2007

    

    NANOVIRICIDES,
      INC.

    

    
      	
              By:

            	/s/
              Eugene Seymour	 
	 	
              Name:  Eugene
                Seymour 

            
	 	
              Title:   Chief
                Executive Officer 

            

    

    

    
      
        	
                Warrant
                  Holder:

              	
                DKR
                  SATURN EVENT DRIVEN HOLDING FUND LTD.

              	 

      

    
      	
              Address:

            	    1281
              E.
              Main Street	 

    

    

    
      	
              City:

            	    Stamford	 

    

    

    
      	
              State:

            	    CT	
               Zip
                Code:

            	    06902	 

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    NOTICE
      OF EXERCISE

    

    TO:              NANOVIRICIDES,
      INC.

    

    1.              The
      undersigned hereby elects to purchase ________ shares of Common Stock of
      Nanoviricides, Inc. pursuant to the terms of this Warrant, and tenders herewith
      payment of the purchase price of such shares in full.

    

    2.              Please
      issue a certificate or certificates representing said shares of Common Stock
      in
      the name of the undersigned or in such other name as is specified
      below:

    

    

    
      	 
	
              (Name)

            
	 
	 
	 
	 
	
              (Address)

            

    

    

    3.              The
      undersigned hereby represents and warrants that the aforesaid shares of Common
      Stock are being acquired for the account of the undersigned for investment
      and
      not with a view to, or for resale, in connection with the distribution thereof,
      and that the undersigned has no present intention of distributing or reselling
      such shares and all representations and warranties of the undersigned set forth
      in Section 8 of the attached Warrant are true and correct as of the date
      hereof.  In support thereof, the undersigned agrees to execute an
      Investment Representation Statement in a form substantially similar to the
      form
      attached to the Warrant as EXHIBIT A-1.

    

    

    
      	 	 
	 	
              (Signature) 

            	 	 
	 	 	 	 	 
	 	
              By:

            	 
	 	 	 	 	 
	 	
              Title:

            	 
	 	 	 	 	 
	 	
              Date:

            	 	
              ,
                200

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A-1

    

    INVESTMENT
      REPRESENTATION STATEMENT

    

    
      	
               

            	
              PURCHASER:

            	
              ______________________

            

    

    

    
      	
               

            	
              SELLER:

            	
              NANOVIRICIDES,
                INC.

            

    

    

    
      	
               

            	
              SECURITIES:

            	
              COMMON
                STOCK ISSUED UPON EXERCISE OF THE WARRANTS ISSUED ON JULY __,
                2007

            

    

    

    
      	
               

            	
              AMOUNT:

            	
              __________
                SHARES

            

    

    

    
      	
               

            	
              DATE:

            	
              ____________,
                200_

            

    

    

    In
      connection with the purchase of the above-listed Securities, I, the Purchaser,
      represent to the Seller and to the Corporation the following:

    

    (a)              I
      am aware of the Company’s business affairs and financial condition, and have
      acquired sufficient information about the Company to reach an informed and
      knowledgeable decision to acquire the Securities.  I am purchasing
      these Securities for my own account for investment purposes only and not with
      a
      view to, or for the resale in connection with, any "distribution" thereof for
      purposes of the Securities Act of 1933, as amended (the "Securities
      Act").

    

    (b)              I
      understand that the Securities have not been registered under the Securities
      Act
      in reliance upon a specific exemption therefrom, which exemption depends upon,
      among other things, the bona fide nature of my investment intent as expressed
      herein.  In this connection, I understand that, in the view of the
      Securities and Exchange Commission (the "Commission"), the statutory basis
      for
      such exemption may be unavailable if my representation was predicated solely
      upon a present intention to hold these Securities for the minimum capital gains
      period specified under tax statutes, for a deferred sale, for or until an
      increase or decrease in the market price of the Securities, or for a period
      of
      one year or any other fixed period in the future.

    

    (c)              I
      further understand that the Securities must be held indefinitely unless
      subsequently registered under the Securities Act or unless an exemption from
      registration is otherwise available.  Moreover, I understand that the
      Company is under no obligation to register the Securities.  In
      addition, I understand that the certificate evidencing the Securities will
      be
      imprinted with a legend which prohibits the transfer of the Securities unless
      they are registered or such registration is not required in the opinion of
      counsel for the Company.

    

    (d)              I
      am familiar with the provisions of Rule 144, promulgated under the Securities
      Act, which, in substance, permits limited public resale of "restricted
      securities" acquired, directly or indirectly, from the issuer thereof, in a
      non-public offering subject to the satisfaction of certain
      conditions.

     

    The
      Securities may be resold in certain limited circumstances subject to the
      provisions of Rule 144, which requires among other things:  (1) the
      availability of certain public information about the Company, (2) the resale
      occurring not less than one year after the party has purchased, and made full
      payment for, within the meaning of Rule 144, the securities to be sold; and,
      in
      the case of an affiliate, or of a non-affiliate who has held the securities
      less
      than two years, (3) the sale being made through a broker in an unsolicited
      "broker's transaction" or in transactions directly with a market maker (as
      said
      term is defined under the Securities Exchange Act of 1934) and the amount of
      securities being sold during any three month period not exceeding the specified
      limitations stated therein, if applicable.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (e)              I
      further understand that in the event all of the applicable requirements of
      Rule
      144 are not satisfied, registration under the Securities Act, compliance with
      Regulation A, or some other registration exemption will be required; and that,
      notwithstanding the fact that Rule 144 is not exclusive, the Staff of the
      Commission has expressed its opinion that persons proposing to sell private
      placement securities other than in a registered offering and otherwise than
      pursuant to Rule 144 will have a substantial burden of proof in establishing
      that an exemption from registration is available for such offers or sales,
      and
      that such persons and their respective brokers who participate in such
      transactions do so at their own risk.

     

     

    
      	 	 
	 	
              (Signature) 

            	 	 
	 	 	 	 	 
	 	
              By:

            	 
	 	 	 	 	 
	 	
              Title:

            	 
	 	 	 	 	 
	 	
              Date:

            	 	
              ,
                200

            	 

    

     

     

    2EXHIBIT
      10.1

     

     

    FORM
      OF PREMIER RESELLER SOFTWARE LICENSING AGREEMENT

    BETWEEN

    CYBRA
      CORPORATION AND SOLZON CORPORATION

    

    THIS
      AGREEMENT
      is
      entered into as of the 27th day of August, 2007 (“Effective Date”) by and
      between CYBRA Corporation, a corporation organized under the laws of the State
      of New York and having a principal place of business at One Executive Boulevard,
      Yonkers, NY 10701 (hereinafter “Publisher”),
      and
      Solzon Corporation, a corporation organized under the laws of the State of
      New
      Hampshire and having a principal place of business at _________________________
      (hereinafter “Premier
      Reseller”)

    

    WHEREAS,
      Publisher is engaged in the design, creation, distribution, license, maintenance
      and support of certain computer software products, and represents that it is
      the
      owner of or has rights to market, license, and distribute certain computer
      products (including related documentation) as specifically identified in Exhibit
      1, attached hereto (“Products” or "CYBRA Products"); and

    

    WHEREAS,
      Premier
      Reseller sells, licenses and supports software to third party entities for
      use
      in their business operations (“Customer”, “Customers”, or “Customers and
      Prospects”); and

    

    WHEREAS,
      Publisher, complementary to its current business practices, desires to foster
      the marketing of its Products (including any successor products together with
      any other products as may be made available from Publisher during the term
      of
      this Agreement, any and all of which shall be deemed to be included in the
      term
“Products” as used in this Agreement) by Premier Reseller to Premier Reseller
      Customers and Prospects; and

    

    WHEREAS,
      Premier
      Reseller desires to acquire from Publisher a non-exclusive right and license
      to
      market the Products in accordance with the terms and conditions of this
      Agreement; and

    

    NOW
      THEREFORE,
      in
      furtherance of the foregoing purpose, the parties agree as follows:

     

    I. Marketing
      Rights and Software License

     

    The
      Publisher grants the Premier Reseller marketing rights for the Auto-IdTM suite
      of
      software products which is comprised of the MarkMagicTM
      and
EdgeMagicTM
      product
      lines. 

    

    
      
        
          	
                	A.	
                  Premier
                    Reseller is hereby granted a non-exclusive license to use any
                    current or
                    future software (“Software”) only in conjunction with Premier Reseller's
                    sale of the Products purchased directly from Publisher under
                    this
                    Agreement during the useful life of such Products, as they may
                    be repaired
                    or modified, from time to time. Premier Reseller agrees the Software
                    may
                    not be modified or reverse engineered in any manner.
                    

                

        

      

    

    

    
      
        
          	
                	B.	
                  Premier
                    Reseller agrees that such Software shall be treated as the exclusive
                    property of Publisher and/or Publisher suppliers, as appropriate,
                    and as a
                    proprietary and trade secret of Publisher and/or Publisher's
                    suppliers, as
                    appropriate. Premier Reseller shall take those steps as may be
                    necessary
                    to hold this Software in confidence for the benefit of Publisher
                    or
                    Publisher's suppliers, as appropriate.

                

        

      

    

    

    
      
        
          	
                	C.	
                  Premier
                    Reseller shall have the right to sublicense Publisher's Software
                    to its
                    customers only on the terms provided above.

                

        

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    II. Period
      of the Agreement

     

    This
      agreement is effective from date of signature and is in effect for two years
      thereafter. This agreement shall thereafter automatically renew for additional
      one year periods unless either party notifies the other of its intention to
      terminate the Agreement at least 30 days prior to any termination or renewal
      date. Each party may terminate the agreement by notifying the other party of
      the
      intent of so doing sixty (60) days in advance without cause. Termination with
      cause is immediate. 

    

    III. Territorial
      Limitation

     

    
      	 	
              A.

            	
              The
                Premier Reseller may sell the product(s) anywhere in the world.
                Premier
                Reseller acknowledges that the Products are of United States origin.
                Premier Reseller agrees to comply with all national and international
                laws
                that apply to Product, including the US Export Administration and
                the
                equivalent Industry Canada Regulations as well as end-use and destination
                restrictions issued by the United States and Canadian governments.
                

            

    

    

    IV. Sales
      Channels and Commercial Terms

     

    The
      sales
      channels governed by this agreement are for Premier Reseller to sell CYBRA
      Products directly to Premier Reseller customers. When Premier Reseller purchases
      CYBRA Products, the sales credit is taken as a discount for resale to customers
      or agents.

    

    On
      an
      exception basis, Publisher may sell the Products directly to Premier Reseller
      customers, provided that either: (a) the Premier Reseller customer insists
      on
      purchasing directly from Publisher rather than from Premier Reseller, or (b)
      as
      mutually agreed upon between Premier Reseller and Publisher. In the event of
      such an exception, the Premier Reseller’s sales credit will be paid by Publisher
      to Premier Reseller as a commission equivalent to the discount that would have
      been due Publisher had Premier Reseller sold directly to the customer or agent.
      

    

    CYBRA
      Products can be sold as a special Premier Reseller bundle, or can be sold
      individually. Terms and conditions of CYBRA Product pricing and sales credit
      are
      contained in Exhibit
      2 - Commercial Terms.
      

    

    Publisher
      periodically publishes new products. The Premier Reseller will be notified
      of
      availability and prices of such products. Sales credit for new products and
      add-on options will be consistent with current products. 

    

    V. Protection
      and Security

     

    The
      Premier Reseller undertakes to maintain secrecy concerning know-how,
      documentation, working methods, etc. concerning the products, and to use such
      information only as required for purposes of executing its obligations under
      this agreement. 

    

    
      
        
          	
                	A.	
                  The
                    Premier Reseller shall not engage directly or indirectly in the
                    production
                    or development of software products that compete directly with
                    the
                    Auto-IdTM suite
                    while this agreement remains in
                    effect.

                

        

      

    

    

    
      
        
          	
                	B.	
                  The
                    Premier Reseller is authorized to copy the product for his own
                    backup
                    purposes and for licensing to end-users. This includes distribution
                    of the
                    MarkMagic libraries with the distributor's application program
                    libraries.

                

        

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    VI. Warranty
      and Support

     

    The
      Publisher warrants all materials, i.e., documentation and software, and will
      be
      replaced if found to be defective in material or workmanship.

    

    THE
      WARRANTIES SET FORTH ABOVE ARE OFFERED IN LIEU OF ALL OTHER WARRANTIES, EXPRESS
      OR IMPLIED. EXCEPT AS SET FORTH HEREIN, PUBLISHER MAKES NO OTHER WARRANTIES,
      EXPRESS OR IMPLIED, REGARDING THE QUALITY, MERCHANTABILITY, OR FITNESS OF ITS
      PRODUCT(S) FOR A PARTICULAR PURPOSE OR USE. PUBLISHER SHALL NOT BE RESPONSIBLE
      FOR SPECIAL, CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGE, INCLUDING, BUT NOT
      LIMITED TO LOSS OF PROFITS OR DAMAGES TO BUSINESS OR BUSINESS RELATIONS. THIS
      WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES. 

    

    The
      Publisher is responsible for providing technical support arising from the use
      of
CYBRA
      Products.
      

    

    The
      Premier Reseller is responsible for all Level
      One
      (1) end
      user technical support arising from the use of CYBRA Products. Level
      One
      (1)
      support includes printer connectivity, installation issues and basic usability
      questions. 

     

    VII. Selling
      Methods

     

    To
      sell
CYBRA
      Products,
      Publisher will provide the Premier Reseller with product literature in digital
      files, which can be copied and given to prospects. Any modifications to the
      literature must be approved by the Publisher.

    

    Premier
      Reseller’s customers and prospects that wish to try CYBRA Products for a trial
      period can download the product and documentation from the Publisher’s website.
      If the customer prefers media instead of download, it is the Premier Reseller’s
      responsibility to supply the media. 

    

    Premier
      Reseller’s customer may test CYBRA Products for a 30 day trial period. The trial
      period may be extended with Publisher’s permission. For the trial period the
      customer requires a temporary license key in order to activate the software.
      Premier Reseller will request both temporary and permanent license keys from
      the
      Publisher via email using the CYBRA Premier Reseller License Key Request
      Form.

    

    Publisher
      will issue a permanent license key to the Premier Reseller when royalties due
      Publisher (list price less commission) in the form of either a bank money order,
      check drawn on a US bank, money transfer or equivalent, in US funds and signed
      License Agreements completed by the customer are received by Publisher.

    

    IX. Disclaimer

     

    This
      agreement does not formulate a joint venture relationship or a partnership.
      The
      Premier Reseller is granted no additional authority to assume any obligation
      on
      behalf of the Publisher, or to perform any act in the name of the Publisher
      if
      not authorized to do so by this agreement. 

    

    
      
        
          	
                	A.	
                  The
                    Premier Reseller will not make contractual agreements, which
                    bind the
                    Publisher. The Premier Reseller is not the agent or employee
                    of the
                    Publisher, and will not represent it as
                    such.

                

        

      

    

    

    
      
        
          	
                	B.	
                  Premier
                    Reseller shall indemnify and hold Publisher free of any and all
                    claims of
                    loss or liability arising from improper maintenance, support,
                    or
                    misrepresentation by Premier Reseller's personnel or their authorized
                    agents.

                

        

      

    

    

    
      
        
          	
                	C.	
                  Publisher
                    will indemnify, defend, and hold harmless Premier Reseller for
                    all claims
                    of whatever nature made by others against Premier Reseller based
                    on the
                    product, arising out of Publisher's performance under this Agreement,
                    and
                    /or as a result of Publisher's agreements/relations with anyone
                    else or
                    copyright or patent infringement
                    claims.

                

        

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    X. Legal
      Considerations/Damages and Liability

     

    The
      laws
      of the state of New York will govern the terms of this agreement, and any
      dispute arising between CYBRA Corporation and the Premier Reseller will be
      settled by the jurisdiction of the authorized courts in the state of New York.
      

    

    THE
      PARTIES ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT, UNDERSTAND IT AND AGREE
      TO BE BOUND BY ITS TERMS AND CONDITIONS. THE PARTIES FURTHER AGREE THAT IT,
      INCLUDING THE EXHIBITS ATTACHED HERETO, IS THE COMPLETE AND EXCLUSIVE STATEMENT
      OF THE AGREEMENT BETWEEN THE PARTIES, WHICH SUPERSEDES ANY PROPOSAL OR PRIOR
      AGREEMENT, ORAL OR WRITTEN, AND ANY OTHER COMMUNICATIONS BETWEEN THE PARTIES
      RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT. 

    

    IN
      NO
      CIRCUMSTANCES WILL EITHER PARTY BE LIABLE FOR INCIDENTAL, CONSEQUENTIAL,
      INDIRECT, RESULTING, SPECIAL OR PUNITIVE DAMAGES OF ANY KIND (INCLUDING WITHOUT
      LIMITATION LOSS OF PROFITS OR DAMAGE TO BUSINESS OR BUSINESS RELATIONS), HOWEVER
      CAUSED, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OR ANY ORDER
      FOR PRODUCTS ARISING HEREUNDER OR THE PURCHASE OR USE OF PRODUCTS OR SERVICES
      FURNISHED BY PUBLISHER TO PREMIER RESELLER. 

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

IN
      WITNESS WHEREOF, the parties hereto have signed this Agreement as of the date
      first written. 

    

    
      	
              The
                Publisher

            	
              The
                Premier Reseller

            
	
               

              CYBRA
                Corporation

            	
               

              Solzon
                Corporation

            
	
              Authorized
                Representative:

            	
              Authorized
                Representative: 

               

            
	
              Title:

            	
              Title:
                

               

            
	
              Address
                for Notices:

               

              One
                Executive Boulevard

              South
                Westchester Executive Park

              Yonkers,
                NY 10701-6804

              USA

            	
              Address
                for Notices:

               

            
	
              Signature:

            	
              Signature:

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