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Were accessible and responsive to every client we serve, [Section 2.8(c) of the Disclosure Schedule lists all material licenses obtained by Company in intellectual property]. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. Further, Companys material inbound intellectual property licenses may not be in software but may be in patents (such as a biotech spinoff from a university), trademarks (such as a franchisee or merchandising partner), or non-software copyrights (such as an online publication). Stephen T. Kong is a partner in the corporate group at Troutman Pepper where he focuses on intellectual property and technology transactions and advises on the intellectual property aspects of investment financings and mergers and acquisitions. 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. Recommended Revisions to Model Form: (d) The Company has obtainedand possessesvalid licensestouseforall of the software programsthat are used, modified or distributed by the Company in the conduct of its business and such licenses allow Company to exercise all rights exercised by the Company in such software programs when conducting its businesspresent on the computers and other software-enabled electronic devices that it owns or leases or that it has otherwise provided to its employees for their use in connection with the Companys business.. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Roman DBDR's and CompoSecure's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. A new GAO report found massive fraud within the Federal Communications Commission's Lifeline program, which subsidizes cellular and broadband service for low-income Americans. 380 - 1100 Melville Street [iii]This is a minor error but should be corrected. For more information, please visit Sarson Funds online at www.sarsonfunds.com. For example, the footnote states that many of the potentially onerous effects of using open source software only occur if there is a distribution of open source software within a product that was actually released to the public. So, there are inherent limitations in any attempt to craft language that can be used in all scenarios. Christine Lenzo +1 (917) 428-8923 [email protected], To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92920. The key difference is that Section 2.8(a) references violations of intellectual property rights by Company or resulting from conduct of the business while Section 2.8(b) references violation of intellectual property rights by Companys products or services. The Model Form open source representation is too narrow in scope and seems to assume that Company may only be making harmful decisions about open source software in factual scenarios. Together, CompoSecure and NokNok seek to equip banks, financial services, and fintech companies alike with a financial security service that will provide consumers with unique digital identities. Your California Privacy Rights/Privacy Policy. Finally, the representation merely requires that Company have a valid license to use the software. The firm serves the Financial Professional community and their clients by providing cryptocurrency and blockchain technology educational services and investment solutions. Phone: 403-806-0664, Toronto https://www.newsfilecorp.com/release/92920, Boston Realty Advisors Offers 95 Sam Fonzo Dr. in Beverly for Sale, Boll Safety Launches New Range of Lens Filtering Technologies: Comfort Sense Perception, Boston Realty Advisors Offers 81 Amory Street for Sale. | translate }}, {{ "Why should I sign up for an account?" | translate }}, {{ "I still have a question. Our commitment to delivering the best personal service {{ 'All my collections' | translate }} {{ 'Resources for Pro members' | translate }}, {{ 'Free marketing materials' | translate }}, {{ 'Frequently Asked Questions' | translate }}, {{ 'And x more' | translate: { count: (tagsWithinArea.length - 4)} }}, {{ "Add or edit resources" | translate }}, {{ 'Community Learning Hub' | translate }}, 2022 Alluma, {{ 'a 501(c)(3) nonprofit.' In undercover tests, the GAO found thatphone companies approved Lifeline applicants with false personal information nearly two-thirds of the time (63%). It is not reasonable for Company to represent that there are no options, licenses, agreements, claims, encumbrances or share ownership interests (Encumbrances) for the licensed intellectual property. Moreover, the existence of Encumbrances does not necessarily indicate anything negative about Companys use of licensed intellectual property. | translate }}, {{ "Add or edit any resource" | translate }} Somerset, New Jersey--(Newsfile Corp. - August 12, 2021) - On Wednesday, August 11th, Roman DBDR Tech Acquisition Corp. (DBDR) SPAC merger partner CompoSecure Holdings announced a strategic partnership with NokNok Labs to build a FIDO-extended solution to expand consumer protections of CompoSecure's Arculus cryptocurrency hardware cold-storage wallet through NokNok's passwordless authentication services. Last year, the FCC did approve a plan for a third-party evaluation by December 2020. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. That is unrealistic given the prevalence of software and technology within almost every business. Vancouver, BC, Canada It's time to renew your membership and keep access to free CLE, valuable publications and more. The Model Form intellectual property representations could be edited to be more accurate or applicable in almost all venture capital transactions. To view the full announcement, including downloadable images, bios, and more, click here. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies in the technology, media and telecom ("TMT") industries. For more business law content, visit businesslawtoday.org. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The nature of a venture capital investment transaction is such that the intellectual property representations cannot be as complete as in a merger and acquisition transaction. The Model Form defines the term Company Intellectual Property to include most of the traditional categories of intellectual property with an option to include mask works. So all of the representations in Section 2.8(c) must be analyzed as to whether it is reasonable for Company to make representations about intellectual property Company doesnt own. For more information, please visit GetArculus.com. [i]. Further, black ink on a document is valuable real estate in a venture stage stock purchase agreement, often with pressure from both parties to limit the length of the agreement. For more information, please visit www.composecure.com. Phone: 646-609-8767, Terms of Use Follow USA TODAY reporter Mike Snider on Twitter: @MikeSnider. There is not universal agreement as to whether rights of publicity are intellectual property rights, so the catch-all language in the definition of Company Intellectual Property referencing similar or other intellectual property rights does not provide certainty as to whether the representations for intellectual property would also cover rights of publicity. After reviewing the updates to the intellectual property related sections of the Model Form, certain language and concepts regarding allocation of intellectual property risk could be revised to better reflect the NVCA goals of providing fair terms between the investor and the company and promoting consistency among financing terms. using cutting-edge technology and innovation makes it A definitive proxy statement will be sent to stockholders of Roman DBDR seeking approval of the proposed merger. Section 2.8(d) devotes a whole section to having Company represent that it possesses valid licenses for all software on computers and software-enabled electronic devices owned or leased by the company. Sign up to receive news releases by email for Reportable, Inc. or Include the following explanatory footnote:This Section 2.8(d) is less critical if there is language in Section 2.8(a) that the company has obtained all rights in Company Intellectual Property necessary to conduct its business. Along with our Investment Manager and Financial Advisor partners, we believe that disruptive innovation requires a disciplined approach to risk management and education. Recommended Revisions to Model Form: (b) [To the Companys knowledge,]no product or service marketed or sold (or proposed to be marketed or sold) by theCompanys conduct of its business (or proposed conduct of its business) does not or will notviolatesor will violateany license or infringesor willinfringeany intellectual property rights of anyotherparty.. However, space constraints prevent quoting large portions of the Model Form and it is always helpful to read these suggested revisions within the context of the entire Section 2.8 of the Model Form. Recommended Revisions to Model Form: (c) Company Intellectual Property means all patents, patent applications, registered and unregistered trademarks, trademark applications, registered and unregistered service marks, service mark applications, tradenames, copyrights, trade secrets, domain names, [mask works,] information and proprietary rights and processes,rights of publicity, similar or other intellectual property rights, subject matter of any of the foregoing, tangible embodiments of any of the foregoing, licenses in, to and under any of the foregoing, and in any and all such cases [that are owned or used by] [as are necessary to] the Company in the conduct of the Companys business as now conducted and as presently proposed to be conducted.. FCC Chairman Ajit Pai, a Republican,said the GAO's findings confirm weaknesses he voiced concerns about last year during discussion about modernizing Lifeline. | translate }}. Some of the above revisions should be applied regardless of the nature of the investment target, while others are best used depending upon the investment target. Your membership has expired - last chance for uninterrupted access to free CLE and other benefits. | translate }}, {{ 'Anyone can search for resources on One Degree by text message' | translate }}, 2022 Alluma, {{ 'a 501(c)(3) nonprofit.' CompoSecure and NokNok's solution will provide financial services customers and cryptocurrency holders with easy-to-use authentication services for their digital wallets. In addition to respecting you, Newsfile is respected as For more information, visit www.noknok.com. 601 - 15 Toronto Street | translate }}, {{ "How do I save resources on the app?" Find and save resources 24/7 from anywhere!' "Since 2005, GAO has recommended that the FCC move these federal funds to the U.S. Treasury, but so far no change has been made," noted McCaskill, who is the top-ranking Democrat on the Senate Homeland Security and Governmental Affairs Committee. easier for us to focus on relationship building. {{ "Available to anyone, anytime" | translate }}, {{ "Read about our impact and get recent news:" | translate }}, {{ "See One Degree in the Media:" | translate }}, {{ "Explore helpful videos, webinars, slides and more for Pro members" | translate }}, {{ "One Degree keeps all of our resources up-to-date every 6 months" | translate }}, {{ 'Search by text message available!' There may be additional risks that none of Roman DBDR or CompoSecure presently know or that Roman DBDR or CompoSecure currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. CompoSecure Holdings, LLC is a leading premium financial payment cards provider and an emerging provider of cryptocurrency storage and security, while NokNok Labs is an architect of passwordless authentication services. Rather than devote a whole section to licenses of only one type of intellectual property (software) and even then, only software used on certain machines, investors counsel should consider substituting Section 2.8(d) with a more targeted and applicable representation regarding the type of intellectual property that is material to Companys business. If Company needed to distribute certain software as part of its business, the Model Form representation arguably does not address this concept. As a founder of the FIDO Alliance and an inventor of FIDO specifications, Nok Nok is the expert in deploying standards-based authentication, and its industry leading customers and partners include BBVA, DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, T-Mobile and Verizon. In addition, forward-looking statements reflect Roman DBDR's and CompoSecure's expectations, plans or forecasts of future events and views as of the date of this Press Release. New York, NY, USA For any of these, substituting a more focused representation would be more valuable. The documents relating to the proposed merger (when they are available) can be obtained free of charge from the SEC's website at www.sec.gov. A complete lack of oversight is causing this program to fail the American taxpayereverything that could go wrong is going wrong, said Sen. Claire McCaskill, D-Mo., in a statement released with the report Thursday. "The answer is not denying access to those who cannot afford connectivity and access to critical services like 911, the next steps should include rolling up our sleeves and addressing any imperfections that remain.". Forward-Looking Statements: Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. institutional investment decisions. an accredited source of business newsmaking every According to the GAO's new report, Lifeline households numbered 12.3 million during the fourth quarter of 2016, with disbursements of about $1.5 billion. Roman DBDR and CompoSecure anticipate that subsequent events and developments will cause Roman DBDR's and CompoSecure's assessments to change. There is a similar uncertainty as to whether the language in Sections 2.8(a) and 2.8(b) of the Model Form that reference violation of proprietary rights and intellectual property rights by Company would cover any violations by Company of an individuals right of publicity. Roman DBDR raised $236 million in its initial public offering (inclusive of underwriter's exercise of over-allotment option) in November 2020 and is listed on Nasdaq under the symbol "DBDR". Certain market data information in this Press Release is based on the estimates of CompoSecure and Roman DBDR management. Sarson Funds maintains a Fiduciary Standard at all times, bringing Wall Street standards for research, risk management and transparency to digital asset investing. Once open source software is distributed to anyone by Company, whether or not such distribution is ongoing or occurred only in the past (even if just sporadically), the potentially negative effects to the Company of such distribution remain even though such past distributions arguably do not lead to any breach of the open source representation. story we handle become trusted for retail and The agency's three-year audit of the Lifeline program, begun in June 2014 to May 2017, found that more than one-third (36%) of Lifeline customers could not be confirmed as actually eligible for the program. About Roman DBDR Tech Acquisition Corp.: Roman DBDR is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 5881 - 99 Wall Street Many actual events and circumstances are beyond the control of CompoSecure and Roman DBDR. On April 19, 2021, CompoSecure announced that it had signed a merger agreement with Roman DBDR Tech Acquisition Corp. ("Roman DBDR"), a special purpose acquisition company. Any model forms project will cause reasonable and sophisticated practitioners to disagree as to whether certain proposed language is fair and would push companies and venture capitalists to reduce transaction costs by bringing the parties toward a middle ground that adequately protects and benefits both sides. The collaboration seeks to increase the security, privacy and cardholder experience associated with both companies' current financial market and cryptocurrency customers. If such language to cover the concept of Company having sufficient intellectual property already exists, consider substituting a different representation to cover an intellectual property risk that is not addressed in any manner by the existing Model Form language. | translate }}, {{ "How do I get started with the One Degree app?" When it was created three decades ago, Lifeline provided assistance for low-income homes to get landline telephone service. Toronto, ON, Canada Anti-Spam Policy The Company is led by its Co-Chief Executive Officers, Dr. Donald G. Basile and Dixon Doll, Jr. The right to use software generally is not considered to cover modifying or distributing such software. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services, while meeting the most advanced privacy and regulatory requirements. Information regarding the names and interests in the proposed merger of Roman DBDR's directors and officers is contained Roman DBDR's filings with the SEC. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. The transaction reflects a pro forma enterprise value for the combined company of approximately $1.2 billion. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of CompoSecure's and Roman DBDR's management and are not predictions of actual performance. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of the preliminary proxy statement on Schedule 14A (the "Proxy Statement") relating to the proposed merger filed by Roman DBDR with the U.S. Securities and Exchange Commission (the "SEC") and the definitive proxy statement and other documents filed by Roman DBDR from time to time with the SEC. However, even with all of the above understandings, these proposed revisions will for each modified representation, address at least one and often multiple of the following: Ideally, this article should be read with a copy of the Model Form handy as some suggestions and comments below apply based upon specific word choices in the Model Form. The collaboration seeks to increase the security, privacy and cardholder experience associated with both companies' current financial market and cryptocurrency customers. The same footnote also states that the open source representation is intended to require disclosures for certain use of open source software related to any products that the Company has released However, the actual language of the open source representation arguably only applies to any use of open source software in connection with any products that are generallyavailable [emphasis added] which would seem to not include any Company products that were formerly released and are no longer generally available. In addition to the obvious category of companies in the social media space, many companies display personnel images on their website or products in addition to their marketing materials. [ii]The GPL 2.0 and GPL 3.0 licenses are among the most common open source licenses, and are believed by many to potentially create diligence issues given the nature of their terms. Additional information regarding the interests of potential participants in the solicitation process has also been included in the preliminary, and will be included in the definitive, proxy statement relating to the proposed merger and other relevant documents filed with the SEC. It is not uncommon for software developers to contribute modifications of open source software for use by other developers even if such modifications are not used within a product commercialized by such developers employer. Accordingly, undue reliance should not be placed upon the forward-looking statements. Vancouver Additional Information about the Proposed Merger and Where to Find It: In connection with the proposed merger, Roman DBDR has filed a preliminary proxy statement with the SEC. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. Pai voted against the overall measure it passed 3-2 on party lines and in his dissent, he noted that states haddone the best job at combating fraud in the system. Phone: 416-806-1750, New York The Section 2.8(c) representation asks Company to make a representation that they have not entered into any licenses for intellectual property. The Nok Nok S3 Authentication Suite integrates into existing security environments to deliver a proven, cost-effective, future-proof and standards-based passwordless consumer authentication solution. Complete the form to the right and a customer However, while Roman DBDR and CompoSecure may elect to update these forward-looking statements at some point in the future, Roman DBDR and CompoSecure specifically disclaim any obligation to do so.