TPDI - True Product ID, Inc. Message Board

Sponsor

To: labonte83 who wrote (56)	1/5/2007 10:22:05 AM
From: oldno7	of 61

It looks to me like SSTY and TPDI will have nothing more to do with each other: Under the Restructuring Agreement, SSTY agreed to: (1) terminate in its entirety the March 16, 2006 licensing agreement between SSTY and TPID, wherein SSTY licensed to TPID certain contractual rights of SSTY in exchange for, inter alia, a royalty, and certain payments to SSTY and others and repayment; and (2) strike in its entirety certain provisions of the March 17, 2006 Agreement to Issue Stock for Technology License between SSTY and TPID, wherein SSTY could have received TPID shares in addition to the shares SSTY had already received and had distributed to its shareholders as a dividend After two years TPDI will owe nothing more to SSTY. SSTY will apparently be completely out of the anticounterfitting business and focus on GSFC: Under the Restructuring Agreement, SSTY and TPID further agreed, inter alia, to non-competition provisions in which (1) SSTY in general agreed not to compete with TPID in the anti-counterfeiting and/or product authentication business; and (2) TPID agreed in general not to compete with SSTY in the geo-tracking-related or All-in-One-Key-related business To me this looks better for TPDI shareholders than SSTY shareholders. Steve