EXHIBIT
10.1
Asset Purchase Agreement
and Related License Agreement
This Asset
Purchase Agreement and Related License Agreement ("
Agreement ") is made effective February 13, 2008 ("
Effective Date ") by and between NeXplore corporation, A
Nevada Corporation having principal offices at 2601 Network
Boulevard, Suite 208, Frisco, Texas 75034 (" NeXplore "),
and ClickCaster, Inc., a Delaware corporation having principal
offices at 1750 30 th Street #173, Boulder, Colorado
80301 (" ClickCaster ") (NeXplore and ClickCaster are
sometimes referred to individually as "party" and collectively as
the "Parties").
RECITALS
|
A.
|
NeXplore develops and markets software products, websites,
applications, and services that empower internet users to define a
world wide web suited to their unique needs by leveraging Web 2.0
technology.
|
|
B.
|
ClickCaster develops and markets software products, websites,
applications, and services to 3 rd parties and web users
a platform for targeting various audiences with customizable web
pages, videos, and other outlet.
|
|
C.
|
NeXplore wants to purchase and ClickCaster wants to sell
copyrights, trademarks, and user list associated with
Clickcaster.com Application currently owned by ClickCaster. This
does not include copyrights associated with ClickCaster
applications: Directory Services Database Application,
Clickcaster.com Application, Castlister.com Application and other
ClickCaster applications not listed in this agreement.
|
|
D.
|
NeXplore wants to pay and ClickCaster wants to license certain
assets including ClickCaster.com Application, Castlister.com
Application, and associated intellectual property currently owned
by ClickCaster.
|
| |
|
1. Definitions.
1.1 "Affiliate"
means a corporation or other entity (a) with a common parent
corporation; (b) a corporation or other entity whose controlling
interests (representing the right to vote for the election of more
than one director or other managing authority) are, now or
hereafter, owned or controlled, directly or indirectly, by one of
the Parties, but such corporation or other entity constitutes an
Affiliate only so long as such ownership or control exists; or (c)
a corporation or other entity which does not have outstanding
shares or securities, as may be the case in a partnership or joint
venture, but more than fifty percent (50%) of the whose ownership
interest representing the right to make decisions for such
corporation or other entity is now or hereafter, owned or
controlled, directly or indirectly, by one of the Parties.
1.2 "Code"
means computer programming code.
1.3 "Change
of control" means (a) a merger, consolidation or other
reorganization to which NeXplore or ClickCaster is a party, if the
individual and entities who were stockholders (or partners or
members or others that hold an ownership interest) of NeXplore or
ClickCaster imeediately prior to the Effective Date have beneficial
ownership (as defined in 13d-3 of the Securities Exchange Act of
1934, as amended) of less than fifty percent (50%) of the total
combined voting power of election of directors (or the equivalent)
of the surviving entity following the Effective Date, (b)
acquisition by any entity or group of direct or indirect beneficial
ownership in the aggregate of then issued and outstanding
securities (or other ownership interest) of NeXplore or ClickCaster
in a single transaction or a series of representing in the
aggregate fifty percent (50%) or more of the total combine voting
power of NeXplore or ClickCaster, or (c) a sale of all or
substantially all of NeXplore or ClickCasters's assets.
-
1.4 "ClickCaster.com"
means a registered public domain name and Web Site associated with
the ClickCaster.com Application.
1.5 "Castlister.com"
means a registered public domain name and Web Site associated with
the Castlister.com Application.
1.6 "Directory
Services Database Application" means a copy of the Code that allows
search of audio and video content on the web accessed by RSS
feed.
1.7 "Directory
Services Crawler Application" means a copy of the Code that allows
collection of audio and video content accessed by RSS feed.
1.8 "Clickcaster.com
Application" means a copy of the Code associated with
ClickCaster.com domain as of February 13, 2008.
1.9 "Castlister.com
Application" means a copy of the Code associated with Directory
Services Database Application and Directory Services Crawler
Application as of February 13, 2008 and that is associated with
Castlister.com.
1.10 "Intellectual
Property Rights" means all current and future worldwide patents and
other patent rights, utility models, copyrights, mask work rights,
trade secrets, trademark, and all other intellectual property
rights and the related documentation or other tangible expression
thereof.
1.11 "Licensed
Applications" means those assets licensed to NeXplore pursuant to
Section 4 of this Agreement.
1.12 "NeXplore
Products" means all software products created by neXplore,
including NeXplore Search, My Circle, Ad Circle, and any other
product, Code or javascript developed by Nexplore.
1.13 "Purchased
Assets" means those assets described in Section 5.
1.14 "Software"
means software of NeXplore or its licensors included in the
NeXplore Products.
1.15 "Web
Site" means an HTML document containing a set of information
available via the internet.
2. Ownership by NeXplore .
NeXplore and its Affiliates will own all right, title, and interest
in the NeXplore Products, and is not transferring any of its
intellectual property, including its patents, trademarks, trade
names, domain names, service marks, copyrights, trade secrets,
proprietary processes and all other forms of intellectual property
through this Agreement. Without limiting the generality of the
foregoing, no commercial use rights or any licenses under any
patent, patent application, copyright, trademark, know-how, trade
secret, or any other intellectual proprietary rights are granted by
the Parties pursuant to this Agreement. This Agreement does not
include any implied license.
3. Ownership by ClickCaster
. Except as provided in Sections 4 and 5 below, ClickCaster and its
Affiliates own all right, title, and interest in all Intellectual
Property Rights currently owned and is not giving up any of those
Intellectual Property Rights by entering into this Agreement.
4. License to NeXplore
4.1 ClickCaster
grants to Nexplore a perpetual, royalty-free, world-wide,
non-exclusive, non-assignable, non-trasferable, non-sublicensable
license to use: (a) the Directory Services Database Application,
along with its associated Intellectual Property Rights; (b)
Directory Services Crawler Application, along with its associated
Intellectual Property Rights; (c) the clickCaster.com Application,
along with its associated Code and Intellectual Property Rights;
the Castlister.com Application, along with its associated
Intellectual Property rights (" License ").
4.2 This
license is perpetual and non-terminable by ClickCaster unless
NeXplore fails to meet its obligations under Section 6
(Compensation) of this Agreement.
4.3 ClickCaster
is not prohibited by this Agreement from using the Applications
associated with the License.
5. Purchase by NeXplore .
ClickCaster transfers all rights, title, and interest in the
domains ClickCaster.com and Castlister.com including
all associated copyrights and trademarks to NeXplore. This does not
include the Licensed Applications associated with
ClickCaster.com and Castlister.com . This includes
all merchant accounts and associated revenues derived from the
ClickCaster.com and Castlister.com applications.
Further, NeXplore shall own all right, title, and interest in any
enhancements made to the Licensed Applications in the future that
NeXplore creates and develops. The foregoing shall be defined as "
Purhcased Assets ", and the Licensed Assets and Purchased
Assets sh
|