Incredimail 2011 Annual Report Download - page 178
Download and view the complete annual report
Please find page 178 of the 2011 Incredimail annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
 |
 |
(i) an Acquisition Transaction (other than Company Stock Options issued pursuant to the Stock Option Plans);
(ii) the acquisition or disposition of any direct or indirect equity or other interest of the Company in any other Entity;
(iii) any legal partnership or joint venture between the Company and any other Person;
(iv) any material Contract under which any third Person is authorized to distribute, sell, market or take orders for any Company
product;
(v) the purchase of materials, supplies, equipment or services by or from the Company involving more than $50,000 over the life of
the agreement;
(vi) the license, use, purchase or other acquisition or disposition of any material Intellectual Property Rights by the Company from or
to any other Person (excluding (1) non-exclusive end-user licenses to Company products granted in the ordinary course of business or non-exclusive “shrink wrap”
or
other form-based licenses licensed for an annual fee of less than $1,000 per single user; (2) standard terms governing third Person’
s access to, and use of, the
Company’s website; (3) confidentiality or non-disclosure agreements entered into in the ordinary course of business);
(vii) any material Contract that expires more than twelve months after the date of this Agreement or which may be renewed at the
option of any Person other than the Company so as to expire more than twelve months after the date of this Agreement, in each case which is not terminable at the
discretion of the Company within twelve months after the date of this Agreement;
(viii) any trust indenture, mortgage, promissory note, loan agreement or other Contract for the borrowing of money, any currency
exchange, commodities or other hedging arrangement or any leasing transaction of the type required to be capitalized in accordance with GAAP;
(ix) any Contract for capital expenditures by the Company in excess of $25,000 in the aggregate;
(x) any lease by the Company of any machinery, equipment, motor vehicles, office furniture, fixtures or other personal property
having an original cost of more than $50,000;
(xi) any employment, consulting, advisory or similar services agreement with an individual involving the payments by the Company
of more than $50,000 per year;
28