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Quotes & Info
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| NEOM.OB > SEC Filings for NEOM.OB > Form 8-K on 13-Oct-2009 | All Recent SEC Filings |
13-Oct-2009
Entry into a Material Definitive Agreement, Other Events, Financial Sta
On October 7, 2009, NeoMedia Technologies, Inc., a Delaware corporation (the "Company"), entered into a four (4) year agreement (the "License Agreement") with Brand Extension Mobile Solutions, S.A., a Madrid (Spain) corporation ("BEMS"), pursuant to which the Company granted to BEMS a non-exclusive license to use the Licensed Platform in an approved Field of Use within a certain geographical Territory (as such capitalized terms are defined in the License Agreement).
The Licensed Platform will support BEMS's performance of exclusive commercial operations under a particular cooperation agreement between BEMS and Telefónica Internacional, S.A.U. ("Telefónica"). BEMS intends to use the Company as its prime vendor in connection with such agreement with Telefónica. The License Agreement grants to BEMS the right to distribute the Company's barcode reading software via download or through its inclusion in mobile devices. The License Agreement also requires BEMS to purchase twenty-five (25) of the Company's hardware products to support testing and marketing of barcode and mobile barcode based ticketing and couponing activities.
The License Agreement requires the Company to provide certain Support Services (as defined in the License Agreement), which include providing support, maintenance, upgrade and update services to BEMS or to BEMS's customers. The License Agreement also provides that the Company shall have certain limited sublicense and interoperability obligations to facilitate BEMS's existing relationships and obligations.
The foregoing description of the License Agreement is qualified in its entirety by reference to the complete and actual terms of the License Agreement, a copy of which is attached hereto as Exhibit 10.1 which is hereby incorporated by reference herein in its entirety.
On October 13, 2009, the Company issued a press release (the "Press Release") announcing the License Agreement. A copy of the Press Release has been furnished with this Current Report on Form 8-K and is attached hereto as Exhibit 99.1, which is hereby incorporated by reference herein in its entirety.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits:
EXHIBIT DESCRIPTION LOCATION
Exhibit 10.1 License and Support Services Provided herewith.
Agreement by and between the
Company and Brand Extension
Mobile Solutions, S.A., dated
October 7, 2009
Exhibit 99.1 Press Release, dated October 13, Provided herewith.
2009
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