Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 2

          AMENDMENT NO. 2 dated as of December 17, 2010, between INTERNATIONAL LEASE FINANCE CORPORATION
(the “Company”); each of the financial institutions listed on the signature pages hereof
(individually, a “Bank” and, collectively, the “Banks”, together with their
respective successors and assigns); and CITICORP USA, INC. (herein, in its individual corporate
capacity, together with its successors and assigns called “CUSA”), as administrative agent for the
Banks (herein, in such capacity, together with its successors and assigns in such capacity, called
the “Agent”).

          The Company, the Banks and CUSA, as administrative agent, are parties to a Five-Year Revolving
Credit Agreement dated as of October 13, 2006, as amended by Amendment No. 1 dated as of April 16,
2010 (the “Credit Agreement”). The Company has requested that the Credit Agreement be
amended in certain respects and accordingly, the parties hereto hereby agree as follows:

          Section 1. Definitions. Except as otherwise defined herein, terms defined in the
Credit Agreement (as amended hereby) are used herein as defined therein.

          Section 2. Amendments. The Credit Agreement is amended effective upon the
satisfaction of the conditions set forth in Section 3 as follows:

          2.01. The definition of “Fixed Charge Coverage Ratio” in Section 1.2 of the Credit Agreement
is amended to read in its entirety as follows:

“Fixed Charge Coverage Ratio” on the last day of any
quarter of any fiscal year of the Company means the ratio for
the period of four fiscal quarters ending on such day of
earnings to combined fixed charges and preferred stock dividends
referred to in Paragraph (d)(1) of Item 503 of Regulation S-K of
the Securities and Exchange Commission, as amended from time to
time, and determined pursuant to Instructions to paragraph
503(d) of such Item 503 with the Company as “registrant” (such
ratio to be calculated in a manner consistent with the
calculations set forth on Exhibit F); provided that, in
connection with the computation of earnings, any impairment
charges incurred during such period in connection with
write-downs to their fair value of aircraft owned at any time
during such period shall be added to the calculation of earnings
to the extent such impairment charges were deducted in computing
earnings for such period; provided, however,
that if the Required Banks in their reasonable discretion
determine that amendments to Regulation S-K subsequent to the
date hereof substantially modify the provisions of such Item
503, “Fixed
Charge Coverage Ratio” shall have the meaning determined by this
definition without regard to any such amendments.

ILFC — Amendment No. 2 to 2006 Facility

 

 

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          Section 3. Conditions to Effectiveness. This Amendment No. 2 shall become effective
as of the first date on which the Agent shall have received (i) this Amendment No. 2 executed and
delivered by the Company, the Required Banks and the Agent and (ii) evidence that the Company shall
have repaid Loans outstanding under the Credit Agreement in the aggregate principal amount of not
less than $800,000,000 together with accrued interest thereon.

          Section 4. Representations and Warranties. The Company represents and warrants to the
Banks and the Agent that (a) the execution, delivery and performance by the Company of this
Amendment No. 2 and the performance by the Company of the Credit Agreement, as amended hereby, have
been duly authorized by all necessary corporate action on the part of the Company, (b) this
Amendment No. 2 has been duly executed and delivered by the Company, (c) this Amendment No. 2 and
the Credit Agreement, as amended hereby, constitute the legal, valid and binding obligations of the
Company, enforceable against the Company in accordance with their respective terms, subject to
bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights generally and to general equity
principles, (d) the representations and warranties of the Company set forth in Section 8 of the
Credit Agreement, as amended hereby, and in each of the other Loan Documents are true and correct
in all material respects on the date hereof as if made on and as of the date hereof (other than
with respect to any representation and warranty that expressly relates to an earlier date, in which
case such representation and warranty shall be true and correct in all material respects as of such
earlier date) and as if each reference in said Section 8 to “this Agreement” included reference to
this Amendment No. 2 and to the Credit Agreement as amended by this Amendment No. 2 (and the
Company agrees that it shall be an Event of Default under Section 11.1.5 of the Credit Agreement if
any representation or warranty of the Company in this Amendment No. 2 is untrue or misleading in
any material respect when made), and (e) as of the date hereof, no Unmatured Event of Default or
Event of Default has occurred and is continuing.

          Section 5. Reference to and Effect on the Loan Documents. On and after the
effectiveness of this Amendment No. 2, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference
in each of the Notes or the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof”
or words of like import referring to the Credit Agreement, shall mean and be a reference to the
Credit Agreement, as amended by this Amendment No. 2. Except as herein provided, the Credit
Agreement shall remain unchanged and in full force and effect. The execution, delivery and
effectiveness of this Amendment No. 2 shall not, except as expressly provided herein, operate as a
waiver of any right, power or remedy of any Bank or the Agent under the Credit Agreement or the
other Loan Documents, nor constitute a waiver of any provision of the Credit Agreement, any Note or
any other Loan Document.

          Section 6. Cost and Expenses. The Company hereby agrees to pay on demand all
reasonable out-of-pocket costs and expenses incurred by the Agent pursuant to the Credit Agreement
or in connection with this Amendment No. 2 or the Credit Agreement, or any of the transactions
contemplated hereby or thereby (including, without limitation, the reasonable
fees and out-of-pocket expenses of counsel for the Agent) in accordance with the terms of
Section 13.5 of the Credit Agreement.

ILFC — Amendment No. 2 to 2006 Facility

 

 

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          Section 7. Miscellaneous. Except as herein provided, the Credit Agreement shall
remain unchanged and in full force and effect. This Amendment No. 2 may be executed in any number
of counterparts, all of which taken together shall constitute one and the same amendatory
instrument and any of the parties hereto may execute this Amendment No. 2 by signing any such
counterpart. Delivery of a copy of this Amendment No. 2 by telecopier or other electronic
transmission shall be effective as delivery of an original executed counterpart of this Amendment
No.2. This Amendment No. 2 shall be governed by, and construed in accordance with, the law of the
State of New York.

ILFC — Amendment No. 2 to 2006 Facility

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly executed
and delivered as of the day and year first above written.

	 	 	 	 	 
	 	INTERNATIONAL LEASE FINANCE CORPORATION

 	 
	 	By:  	/s/ Frederick S. Cromer
 	 
	 	 	Name:  	Frederick S. Cromer 	 
	 	 	Title:  	Chief Financial Officer 	 
	 	 	 
	 	By:  	              /s/ Pamela S. Hendry
 	 
	 	 	Name:  	Pamela S. Hendry 	 
	 	 	Title:  	Senior Vice President & Treasurer 	 
	 
	 	AGENT

CITICORP USA, INC.

 	 
	 	By:  	/s/ Maureen P. Maroney
 	 
	 	 	Name:  	Maureen P. Maroney 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANKS

CITICORP USA, INC.

 	 
	 	By:  	/s/ Maureen P. Maroney
 	 
	 	 	Name:  	Maureen P. Maroney 	 
	 	 	Title:  	Vice President 	 
	 
	 	Australia and New Zealand Banking Group Limited

 	 
	 	By:  	/s/ John W. Wade
 	 
	 	 	Name:  	John W. Wade 	 
	 	 	Title:  	Deputy General Manager, Head of
Operations
and Infrastructure 	 
	 

ILFC — Amendment No. 2 to 2006 Facility

 

 

	 	 	 	 	 
	 	Bank of America, N.A.

 	 
	 	By:  	/s/ Erik S. Grossman
 	 
	 	 	Name:  	Erik S. Grossman 	 
	 	 	Title:  	Vice President 	 
	 
	 	Bank of Scotland

 	 
	 	By:  	/s/ Paul Greig
 	 
	 	 	Name:  	Paul Greig 	 
	 	 	Title:  	Director 	 
	 
	 	Barclays Bank PLC

 	 
	 	By:  	/s/ Kevin Cullen
 	 
	 	 	Name:  	Kevin Cullen 	 
	 	 	Title:  	Director 	 
	 
	 	BMO Capital Markets Financing Inc.

 	 
	 	By:  	/s/ Sue R. Blazis
 	 
	 	 	Name:  	Sue R. Blazis 	 
	 	 	Title:  	Vice President 	 
	 
	 	CITIBANK N.A.,

 	 
	 	By:  	/s/ Brian Blessing
 	 
	 	 	Name:  	Brian Blessing 	 
	 	 	Title:  	Attorney-in-Fact 	 
	 

ILFC — Amendment No. 2 to 2006 Facility

 

 

	 	 	 	 	 
	 	Credit Suisse AG, Cayman Islands Branch, FKA as
Credit
Suisse, Cayman Islands Branch

 	 
	 	By:  	/s/ Jay Chall
 	 
	 	 	Name:  	Jay Chall 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	                    /s/ Kathrin Marti
 	 
	 	 	Name:  	Kathrin Marti 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	Black Diamond Offshore Ltd.
 	 
	 	By: 	Carlson Capital, L.P., its investment advisor
 	 
	 	 	 	 
	 	By:  	                        /s/ Clint D. Carlson
 	 
	 	 	Name:  	Clint D. Carlson 	 
	 	 	Title:  	President, Asgard Investment Corp. II

General Partner of Carlson Capital, L.P.

Investment Advisor 	 
	 
	 	Double Black Diamond Offshore Ltd.
 	 
	 	By: 	Carlson Capital, L.P., its investment advisor
 	 
	 	 	 	 
	 	By:  	                        /s/ Clint D. Carlson
 	 
	 	 	Name:  	Clint D. Carlson 	 
	 	 	Title:  	President, Asgard Investment Corp. II

General Partner of Carlson Capital, L.P.

Investment Advisor 	 
	 
	 	Deutsche Bank AG New York Branch

 	 
	 	By:  	/s/ Robert Chesley
 	 
	 	 	Name:  	Robert Chesley 	 
	 	 	Title:  	Director 	 
	 	 	 
	 	By:  	              /s/ John S. McGill
 	 
	 	 	Name:  	John S. McGill 	 
	 	 	Title:  	Director 	 
	 

ILFC — Amendment No. 2 to 2006 Facility

 

 

	 	 	 	 	 
	 	HSBC Bank USA, National Association

 	 
	 	By:  	/s/ Chris Catucci
 	 
	 	 	Name:  	Chris Catucci 	 
	 	 	Title:  	Vice President, Financial Institutions
Group Insurance U.S. 	 
	 
	 	JPMorgan Chase Bank, N.A.

 	 
	 	By:  	/s/ Matthew H. Massie
 	 
	 	 	Name:  	Matthew H. Massie 	 
	 	 	Title:  	Managing Director 	 
	 
	 	Mizuho Corporate Bank Limited

 	 
	 	By:  	/s/ Toru Inoue
 	 
	 	 	Name:  	Toru Inoue 	 
	 	 	Title:  	Deputy General Manager 	 
	 
	 	Royal Bank of Canada

 	 
	 	By:  	/s/ Scott Umbs
 	 
	 	 	Name:  	Scott Umbs 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	Societe Generale

 	 
	 	By:  	/s/ Linda Tam
 	 
	 	 	Name:  	Linda Tam 	 
	 	 	Title:  	Director 	 
	 

ILFC — Amendment No. 2 to 2006 Facility

 

 

	 	 	 	 	 
	 	Standard Chartered Bank

 	 
	 	By:  	/s/ Robert Gilbert
 	 
	 	 	Name:  	Robert Gilbert 	 
	 	 	Title:  	Managing Director A0594 	 
	 	 	 
	 	By:  	                /s/ Robert K. Reddington
 	 
	 	 	Name:  	Credit Documentation Manager, Credit 	 
	 	 	 	Documenation Unit, WB Legal-Americas 	 
	 
	 	Sumitomo Mitsui Banking Corporation, New York

 	 
	 	By:  	/s/ William M. Ginn
 	 
	 	 	Name:  	William M. Ginn 	 
	 	 	Title:  	Executive Officer 	 
	 
	 	The Bank of New York Mellon

 	 
	 	By:  	/s/ Gordon B. Berger
 	 
	 	 	Name: Gordon B. Berger 	 
	 	 	Title:  	Managing Director 	 
	 
	 	The Bank of Nova Scotia

 	 
	 	By:  	/s/ Todd Meller
 	 
	 	 	Name:  	Todd Meller 	 
	 	 	Title:  	Managing Director 	 
	 
	 	Toronto Dominion (Texas) LLC

 	 
	 	By:  	/s/ Debbi Brito
 	 
	 	 	Name:  	Debbi Brito 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	UBS AG, Stamford Branch

 	 
	 	By:  	/s/ Irja R. Otsa
 	 
	 	 	Name:  	Irja R. Otsa 	 
	 	 	Title:  	Associate Director 	 
	 

ILFC — Amendment No. 2 to 2006 Facility

 

 

	 	 	 	 	 
	 	 	 
	 	By:  	                   /s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director 	 
	 
	 	Wells Fargo Bank, NA

 	 
	 	By:  	/s/ Craig Weller
 	 
	 	 	Name:  	Craig Weller 	 
	 	 	Title:  	Vice President 	 
	 
	 	Westpac Banking Corporation

 	 
	 	By:  	/s/ Niclas Fjalltoft
 	 
	 	 	Name:  	Niclas Fjalltoft 	 
	 	 	Title:  	Director 	 
	 

ILFC — Amendment No. 2 to 2006 Facilityexh101.htm

Exhibit 10.1

AGREEMENT

DATED effective the 21st day of December, 2010.

BETWEEN:

WEBPRIZM.COM, a Nevada company, having an office in Bellevue, Washington State

("Webprizm")

AND:

BRENNER FAMILY HOLDING CORP., a company having an office in Vienna, Austria

("Brenner")

AND:

MULTIPLAYER ONLINE DRAGON, INC., a Nevada company with an office at 12F World Trade Centre, No. 25 Tongxing Street, Zhongshan District, Dalain, People's Republic of China

("Multiplayer")

WHEREAS:

 

A. Webprizm is the wholly-owned subsidiary of Brenner;

 

B. Webprizm owns certain computer software programs known as "the webprizm system" and related intellectual property thereto (collectively, the "Project");

 

C. The parties each desire to form a joint venture wherein Multiplayer will incur an agreed amount of research and development expenses with respect to the Project, with a view to develop the Project into a commercially viable product;

 

D. Brenner and Webprizm each agree to grant an option to Multiplayer to acquire Webprizm or the Project upon incurring an amount of USD $10,000,000 in research and development expenses with respect to the Project, pursuant to the terms and conditions herein;

NOW THIS AGREEMENT WITNESSETH THAT in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

 

	
1.  

	
Joint Venture:

 

	
(a)  

	
Webprizm and Multiplayer hereby agree to associate and participate in a joint venture (the "Joint Venture") for the purposes of developing the Project for commercialization (the "Purpose"), and agree that all dealings with respect to the Project shall be subject to and governed by this Agreement.

 

	
(b)  

	
Notwithstanding the foregoing, nothing contained in this Agreement shall be deemed to constitute Webprizm or Brenner as a partner, agent, legal representative or fiduciary of Multiplayer or to constitute Multiplayer as a

  

  

  

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partner, agent, legal representative or fiduciary of Webprizm or Brenner. None of the parties, nor their respective directors, officers, employees, or agents shall act for or assume any obligation or responsibility on behalf of another party except as otherwise expressly stated herein.

 

	
(c)  

	
Except as expressly provided in this Agreement, each of the parties shall have the right to independently engage in and receive full benefits from other business activities, whether or not competitive with the Project, without consulting the other.

 

	
2.  

	
Ownership of the Project:

 

	
(a)  

	
For the purposes of this Agreement, "Improvement" shall mean any patented or unpatented improvements, variations, updates, modifications, and enhancements relating to the Project which are made at any time, whether before or after the date of this Agreement, and whether by Webprizm, Multiplayer or their respective directors, officers, employees or agents.

 

	
(b)  

	
The parties hereto hereby acknowledge and agree that all right, title and interest in and to the Project shall be retained by Webprizm, including but not limited to all right, title and interest in and to any Improvement(s).  The parties further acknowledge and agree that, except as otherwise expressly contemplated herein, it shall, at the request of Webprizm, enter into such further agreements and execute any and all documents as may be required to ensure that ownership of the Project and any Improvement(s) remains with Webprizm.

 

	
(c)  

	
On the last working day of June and December of each and every year during which this Agreement remains in full force and effect, Multiplayer shall deliver in writing to Webprizm the details of any and all Improvement(s) which Multiplayer has developed and/or acquired during the previous six month period.

 

	
(d)  

	
Multiplayer acknowledges and agrees that Webprizm shall have the exclusive right to manage, file, prosecute and maintain any and all patents and patent applications with respect to the Project and/or Improvements, and any counterparts, re-examinations, extensions, term restorations, renewals, divisionals, reissues, corresponding international patent applications, including supplementary protection certificates, or other administrative protections, and any patents resulting therefrom (collectively, the "Patent Rights"). Multiplayer agrees that it will reasonably cooperate with Webprizm and Brenner in connection with the filing, prosecution and maintenance of Patent Rights, and with respect to the Project and Improvements as contemplated by this Agreement.

 

	
3.  

	
License and Joint Venture Obligations:

 

	
(a)  

	
As its contribution to the Joint Venture, Webprizm hereby grants to Multiplayer an exclusive licence to use and sublicense the Project and any Improvement(s) provided hereunder for use in connection with the Purpose, and on the terms and conditions hereinafter set forth during the term of this Agreement.

 

	
(b)  

	
As its contribution to the Joint Venture, Multiplayer acknowledges and agrees that it shall incur a minimum of USD$10,000,000 (Ten Million US) Dollars in

  

  

  

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research and development expenses with respect to the Project and commercialization of the Project (such expenses described herein as the "Expenditures") on or before that date which is five years from the date of this Agreement.

 

	
(c)  

	
Concurrent with its delivery of the notice described in Subsection 2(c) herein, Multiplayer shall provide to Webprizm a report describing the Expenditures incurred during the preceding six month period, and a written proposal describing all intended Expenditures for the immediately proceeding six month period.

 

	
(d)  

	
In the event that the Project and/or any Improvements are commercialized during the term of this Agreement and prior to the completion of an Acquisition pursuant to Section 4 herein, any and all gross revenue generated from the commercialization of the Project and/or Improvements shall be initially received by Webprizm.  After deduction from gross revenue of any expenses of the Joint Venture with respect to the Project and/or Improvements, the remaining net revenue shall then be disbursed equally among Webprizm and Multiplayer within 60 days of the end of each calendar year end.

 

	
(e)  

	
Multiplayer may, in its sole discretion, sublicense the license granted herein to third parties (each a "Sublicensee") subject to the following:

 

	
(i)  

	
Multiplayer will not grant sublicenses of the Project or any Improvements without the prior written consent of Webprizm.  After obtaining Webprizm's consent, Multiplayer will provide Webprizm with a signed copy of each sublicense granted within 10 days of it being signed by the Multiplayer and the Sublicensee;

 

	
(ii)  

	
any sublicense granted by Multiplayer will be granted only to the Sublicensee and cannot be assigned or further sub-sublicensed without the prior written consent of Webprizm.  All sublicenses must contain covenants by each Sublicensee to observe and perform terms and conditions similar to those contained in this Agreement, and the terms and conditions contained in Schedule "A" attached hereto;

 

	
(iii)  

	
before executing a sublicense, Multiplayer will give notice to Webprizm of the jurisdictions in which the Sublicensee is carrying on business.  If Multiplayer, during the term of the sublicense, becomes aware of the Sublicensee carrying on business in another jurisdiction, then Multiplayer will give notice to Webprizm within five days.  Multiplayer shall, on behalf and in the name of Webprizm, file the appropriate documents in the personal property registries or similar registries to register a financing statement or other registrable security interest against the Project and the Improvements, and will pay for all costs associated with such filings.

 

	
(iv)  

	
all license fees or other payments received by Multiplayer pursuant to a sublicense agreement shall be deemed an asset of the Joint Venture.

 

	
4.  

	
Option to Acquire:

 

	
(a)  

	
Brenner and Webprizm hereby grant to Multiplayer an option (the "Option") to acquire all of the then outstanding shares of Webprizm or the assets (including

  

  

  

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but not limited to the Project and any Improvements) of Webprizm.  The Option may not be exercised until Multiplayer has incurred all Expenditures in the amount and by the time described under Subsection 3(b) herein.

 

	
(b)  

	
Brenner and Multiplayer shall to use their reasonable commercial efforts to effect the acquisition described under Subsection 4(a) herein (the "Acquisition") in a tax efficient manner, provided that no such co-operation shall be required where such structuring shall cause any breach of or default under this Agreement by a party or any other agreement, arrangement or understanding under which a party is bound or affected.

 

	
(c)  

	
In consideration for all of the outstanding shares of Webprizm or the assets (including but not limited to the Project and any Improvements) of Webprizm, Multiplayer shall issue that number of shares in its capital (the "Multiplayer Shares") that, in the aggregate, will represent at the time of issuance 51% of all voting rights attached to all outstanding securities in the capital of Multiplayer, free and clear of all liens, charges and encumbrances.  Such Multiplayer Shares shall be issued to:

 

	
(i)  

	
Brenner or its nominee, if Multiplayer acquires all of the outstanding shares of Webprizm; or

 

	
(ii)  

	
Webprizm or its nominee, if Multiplayer acquires all of the assets of Webprizm.

 

	
(d)  

	
Multiplayer may, in its sole discretion and within 30 days of incurring the Expenditures described under Subsection 3(b) herein), exercise the Option by providing written notice (the "Exercise Notice") to Brenner.

 

	
(e)  

	
Notwithstanding any other provision hereunder, Multiplayer may, in its sole discretion and at any time, decide not to exercise the Option, and shall provide Brenner with written notice of such intention.  In such event, the Joint Venture, the License, the Option and this Agreement shall be terminated immediately.

 

	
5.  

	
No Representations:  Neither Webprizm nor Brenner extend any warranties of any kind, either express or implied with respect to the Project or Improvements.  Without limitation, both Webprizm and Brenner specifically disclaims any implied warranty, condition, or representation as to title to the Project or Improvements or that anything made, used, sold or otherwise disposed of using or practicing the Project or Improvements will not infringe the patents, copyrights, trade-marks, industrial design or other intellectual property rights of any third party including any patents, copyrights, trade-marks, industrial design or other intellectual property rights owned, in whole or in part, by Webprizm or Brenner.

 

	
6.  

	
Confidentiality:  Multiplayer will keep and use all information with respect to the Project or any Improvements in confidence and will not, without Webprizm's prior written consent, disclose any of such information or any portion thereof to any person or entity, except to Multiplayer's directors, officers, or employees who require such information to assist Multiplayer in performing its obligations under this Agreement.

 

	
7.  

	
Termination:  This Agreement and any license granted hereunder may be terminated:

 

	
(a)  

	
by the parties upon their mutual agreement to such termination;

  

  

  

- 5 -

 

	
(b)  

	
if Multiplayer exercises the Option and completes the Acquisition pursuant to the terms and conditions herein;

 

	
(c)  

	
by Webprizm and Brenner, in their sole discretion, in the event that:

 

	
(i)  

	
Multiplayer is in default of its obligations hereunder;

 

	
(ii)  

	
Multiplayer does not provide the Exercise Notice by the deadline described in Subsection 4(d) herein; or

 

	
(iii)  

	
Multiplayer provides written notice of their intention not to exercise the Option, pursuant to Section 4(e) herein.

 

Sections 2 and 5 shall survive any termination of this Agreement.  Section 6 shall survive the termination of this Agreement unless terminated pursuant to Subsection 7(b) herein.

 

	
8.  

	
General:

 

	
(a)  

	
Any notice required or permitted to be given to any of the parties hereto may be given by prepaid registered post or personally delivered to the address of such party above stated, such notice shall be deemed to have been given and received by the party to whom it was addressed on delivery, if delivered personally, and if mailed, on the second day following the mailing thereof.

 

	
(b)  

	
This Agreement shall enure to the benefit of and be binding upon the parties and their respective successors and permitted assigns.

 

	
(c)  

	
This Agreement shall be governed by and construed in accordance with the laws of Nevada.

 

	
(d)  

	
In case any provision of this Agreement shall be invalid, illegal or unenforceable, it shall be severed from this Agreement.  In either case the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby.

 

 

 

 

 

  

  

  

- 6 -

 

	
(e)  

	
This Agreement may be executed simultaneously in two or more counterparts, by facsimile or PDF scan (delivered electronically), each of which shall be deemed an original and all of which together shall constitute but one and the same instrument.

DATED as of the date first written above.

	
WEBPRIZM.COM INC.

	  	
MULTIPLAYER ONLINE DRAGON, INC.

	  	  	  
	
WALTER BRENNER

	  	
YUAN KUN DENG

	
Per authorized signatory

	  	
Per authorized signatory

	  	  	  
	
BRENNER FAMILY HOLDING CORP.

	  	  
	  	  	  
	
ROBERT K. BRADSHAW

	  	  
	
Per authorized signatory

	  	  

  

  

  

 

SCHEDULE "A"

SUBLICENSE TERMS AND CONDITIONS

 

	
1.  

	
The sublicense shall be personal to the Sublicensee, shall not contain the right to grant any further sub-sublicense and shall not be assignable without the prior written consent of Webprizm.  In addition, the Sublicensee shall not transfer, mortgage, charge or otherwise dispose of any or all of the rights, duties or obligations granted to it under the sublicense.

 

	
2.  

	
The Sublicensee shall acknowledge that Webprizm owns any and all right, title and interest in and to the Project and all Improvements.

 

	
3.  

	
The Sublicensee shall, upon request by Webprizm, enter into such further agreements and execute any and all documents as may be required to ensure that ownership of the Project and all Improvements remain with Webprizm.

 

	
4.  

	
The Sublicensee shall acknowledge that Webprizm has the right to use the Project and any Improvements for any reason whatsoever.

 

	
5.  

	
The Sublicensee shall agree to be bound by the same obligations as Multiplayer is with respect to confidentiality as are outlined in the Agreement to which this Schedule "A" is attached.

 

	
6.  

	
The Sublicensee shall agree not to use the Webprizm's name, trade-marks, service marks, logos, insignia, seal, or designs without the prior written consent of the Webprizm.

 

	
7.  

	
The Sublicensee shall procure and maintain, during the term of its sublicense, public liability and product liability insurance in reasonable amounts, with a reputable and financially secure insurance carrier which shall provide primary coverage with respect to the activities contemplated by the sublicense agreement.  Such policies of insurance shall include Webprizm as an additional insured, shall contain a waiver of subrogation against Webprizm, and shall include severability of interest and cross-liability clauses.

 

	
8.  

	
The Sublicensee shall not make any sales upon commercialization of the Project or its Improvements or any portion thereof without giving prior written notice to Webprizm.

 

	
9.  

	
The Sublicensee shall acknowledge and agree to the disclaimer of warranty and limitation of liability as against Webprizm as provided in Section 5 of the Agreement to which this Schedule "A" is attached.

 

	
10.  

	
The sublicense agreement shall include termination provisions such that the sublicense agreement shall terminate:

 

	
(a)  

	
upon termination of this Agreement between Webprizm and Multiplayer for any reason whatsoever;

 

	
(b)  

	
if any proceeding under any bankruptcy legislation is commenced by or against the Sublicensee;

 

	
(c)  

	
 if the Sublicensee becomes insolvent;

 

 

 

  

  

  

 

 

	
(d)  

	
if any execution, sequestration, or any other process of any court becomes enforceable against the sublicensee or if any such processes levied on the rights under the sublicense agreement or upon any of the monies due to Multiplayer and is not released or satisfied by the Sublicensee within thirty days thereafter;

 

	
(e)  

	
if any resolution is passed or order made or other steps taken for the winding up, liquidation or other termination of the existence of the Sublicensee;

 

	
(f)  

	
if the Sublicensee shall permit any sum which has been admitted as due by it or is not disputed to be due by it and which is capable of being made a charge upon the license granted under the sublicense agreement to remain unpaid for thirty days after proceedings have been taken to enforce the same;

 

	
(g)  

	
if the Sublicensee ceases or threatens to cease to carry on its business;

 

	
(h)  

	
if the Sublicensee shall be in default under or shall fail to comply with any other term of the sublicense agreement and:

 

	
(i)  

	
if such default is reasonably curable within thirty (30) days after receipt of notice of such default and such default or failure to comply is not cured within thirty (30) days after receipt of written notice thereof, or

 

	
(ii)  

	
if such default is not reasonably curable within thirty (30) days after receipt of written notice thereof, and such default or failure to comply is not cured within such further reasonable period of time as may be necessary for the curing of such default or failure to comply;

 

	
(i)  

	
if the Sublicensee fails to procure or maintain insurance as required under the sublicense agreement, or

 

	
(j)  

	
if the Sublicensee grants a sub-sublicense of the sublicense agreement.

 

The Sublicensee shall cease using the Project, the Improvements or any portion thereof in any manner whatsoever upon termination of the sublicense agreement or this Agreement.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00182-of-00352.parquet"}]]