Intellectual Property Agreement
| Date | 20 December 2007 |
| Parties | NMS Communications Corp. ("Seller"), Verson Backhaul Solutions, Inc. ("Backhaul") |
| State | Georgia |
| Section | Commercial Contracts |
Exhibit99.3
EXECUTIONCOPY
INTELLECTUALPROPERTYAGREEMENT
THISINTELLECTUALPROPERTYAGREEMENT(this“IntellectualPropertyAgreement”),datedasofDecember20,2007,ismadebyand
betweenNMSCOMMUNICATIONSCORP.,aDelawarecorporation(“Seller”),andVERSOBACKHAULSOLUTIONS,INC.,aGeorgia
corporation(“Backhaul”).
RECITALS:
WHEREAS,SellerandVersoTechnologies,Inc.,aMinnesotacorporation(“Buyer”),haveenteredintothatcertainAssetPurchaseAgreement,
datedasofthedatehereof(the“AssetPurchaseAgreement”),pursuanttowhichBuyerhastherighttoacquirethePurchasedAssetsofSeller
anditsSubsidiaries,asmoreparticularlydescribedintheAssetPurchaseAgreement(allcapitalizedwordsandtermsusedhereinandnototherwise
definedhereinshallhavethemeaningsascribedtothemintheAssetPurchaseAgreement);and
WHEREAS,BuyerhasdesignatedBackhaulasaBuyerDesigneeforpurposesoftheAssetPurchaseAgreement,andBuyerhasassignedto
BackhaultherighttoreceivethePurchasedAssetspursuanttothatcertainAssignmentofAssetPurchaseAgreementbetweenBuyerand
Backhauldatedasofthedatehereof.
ASSIGNMENT:
NOW,THEREFORE,forgoodandvaluableconsideration,thereceiptandadequacyofwhichareherebyacknowledged,Sellerdoeshereby
transfer,sell,assign,conveyanddelivertoBackhaulallright,titleandinterestin,toandundertheAssignedIntellectualProperty,including,
withoutlimitation,theTrademarksandPatentssetforthonSchedulesAandBhereof,respectively,andallgoodwillofthePurchasedBusiness
associatedtherewith.Sellerherebycovenantsandagrees,thatfromtimetotimeforthwithuponthereasonablewrittenrequestofBackhaulor
Buyer,thatSellerwill,atBackhaul’scostandexpense,do,execute,acknowledgeanddeliverorcausetobedone,executed,acknowledgedand
delivered,eachandallofsuchfurtheracts,deeds,assignments,transfers,conveyancesandassurancesasmayreasonablyberequiredby
BackhaulorBuyerinordertotransfer,assign,conveyanddeliveruntoandvestinBackhaultitletoallright,titleandinterestofSellerin,toand
undertheAssignedIntellectualProperty.
ThisIntellectualPropertyAgreementissubjectinallrespectstothetermsandconditionsoftheAssetPurchaseAgreementandisintendedonly
todocumenttheassignmentoftheAssignedIntellectualProperty.NothingcontainedinthisIntellectualPropertyAgreementshallbedeemedto
supersedeanyoftheobligations,agreements,representations,covenantsorwarrantiesofSellerandBuyercontainedintheAssetPurchase
Agreement.
ThisIntellectualPropertyAgreementshallbeconstruedandinterpretedaccordingtothelawsoftheStateofGeorgia,applicablecontractstobe
whollyperformedwithintheStateofGeorgia.
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