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SETTLEMENT AGREEMENT

Distribution Agreement

SETTLEMENT AGREEMENT You are currently viewing:
This Distribution Agreement involves

LIGHTBRIDGE INC | Coral Systems, Inc. | Lucent Technologies Inc.

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Title: SETTLEMENT AGREEMENT
Governing Law: Massachusetts     Date: 5/25/2005
Industry: COMSRV     Sector: SERVIC

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Exhibit 10.2

SETTLEMENT AGREEMENT

THIS SETTLEMENT AGREEMENT (hereinafter “Agreement”), is made by and between (i) Lightbridge, Inc. (“Lightbridge”), corporate successor to Coral Systems, Inc. (“Coral”), and (ii) Lucent Technologies Inc. (“Lucent”).

RECITALS

This Agreement is entered into with reference to the following facts:

A. Coral and Lucent entered into a certain Software Acceptance and Distribution Agreement, effective September 30, 1996, and amended June 5, 1997, pursuant to which Lucent was granted a license to distribute and sub-license a software product commonly known as Fraudbuster (“Software Agreement”).

B. In accordance with the terms of the Software Agreement, Lucent sub-licensed Fraudbuster to Cox, Sprint PCS and others.

C. A dispute arose between Coral and Lucent as to the amount of license and other fees, if any, due under the Software Agreement (“License Fees”).

D. Coral commenced an action in the Massachusetts Superior Court, Coral Systems, Inc. v. Lucent Technologies Inc. , Middlesex County, CA. 2001-01914 (“Litigation”).

E. The parties, and each of them, now wish to settle the Litigation and any and all claims relating to or arising out of the Software Agreement, including without limitation all claims for payment of License Fees.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, the parties agree as follows:

1. Recitals. Recitals A through E are incorporated as part of this Agreement.

2.  Payment. Lucent shall pay to Lightbridge the sum of One Million, Four Hundred Thousand dollars ($1,400,000.00) (“Payment”). Such Payment shall be made within thirty days of the execution of this Agreement by both parties and the delivery by Lightbridge to Lucent of a completed IRS Form W -9 specifying the recipient of the Payment.

3.  Stipulation of Dismis


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