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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Current Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): July 20, 2012 (July 19, 2012)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VRINGO, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact Name of Registrant as Specified
in its Charter)</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; text-align: center; padding: 0; text-indent: 0"><B>Delaware</B></TD>
    <TD STYLE="width: 2%; font-size: 10pt; text-align: center; padding: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; text-align: center; padding: 0; text-indent: 0"><B>001-34785</B></TD>
    <TD STYLE="width: 2%; font-size: 10pt; text-align: center; padding: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; text-align: center; padding: 0; text-indent: 0"><B>20-4988129</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding: 0; text-indent: 0"><B>(State or other jurisdiction <BR>
of incorporation)</B></TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0"><B>(Commission<BR>
 File Number)</B></TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding: 0; text-indent: 0"><B>&nbsp;</B></TD>
    <TD STYLE="text-align: center; padding: 0; text-indent: 0"><B>(I.R.S. Employer<BR>
 Identification No.)</B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>44 W. 28th Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10001</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of Principal Executive Offices
and Zip Code)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Registrant&rsquo;s telephone number,
including area code: (646) 525-4319&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Written communications pursuant to Rule 425 under the Securities
        Act (17 CFR 230.425)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Soliciting material pursuant to Rule 14a-12 under the Exchange
        Act (17 CFR 240.14a-12)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pre-commencement communications pursuant to Rule 14d-2(b) under
        the Exchange Act (17 CFR 240.14d-2(b))</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pre-commencement communications pursuant to Rule 13e-4(c) under
        the Exchange Act (17 CFR 240.13e-4(c))</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 91%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: black"><I>Statements contained in this Current
Report on Form 8-K relating to Vringo&rsquo;s or management&rsquo;s intentions, hopes, beliefs, expectations or predictions of
the future, including statements relating to the combined company&rsquo;s management and board of directors and any other statements
about Vringo&rsquo;s management team&rsquo;s future expectations, beliefs, goals, plans or prospects are forward-looking statements.
Vringo&rsquo;s actual results could differ materially from those projected in these forward-looking statements. Additional factors
that could cause actual results to differ materially from those described in the forward-looking statements are set forth in the
424(b)(3) proxy statement/prospectus of Vringo, Inc. (File No.&nbsp;</I></FONT><I>&nbsp;333-180609<FONT STYLE="color: black">),
filed with the SEC on June 21, 2012, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Vringo.
Vringo disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as
a result of new information, future events or otherwise.</FONT></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01&nbsp;Entry into a Material Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The disclosure in Item 2.01 of this Current
Report on Form 8-K (the &ldquo;<U>Current Report</U>&rdquo;) is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.02 Termination of a Material Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The disclosure in Item 2.01 of this Current Report is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 2.01&nbsp;Completion of Acquisition or Disposition of
Assets</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Completion of Merger with Innovate/Protect</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On
July 19, 2012 (the &ldquo;<U>Closing Date</U>&rdquo;), Innovate/Protect, Inc., a Delaware corporation (&ldquo;<U>Innovate Protect</U>&rdquo;),
merged with and into VIP Merger Sub, Inc. (which changed its name to Innovate/Protect, Inc.) (<U>Merger Sub</U>&rdquo;), a Delaware
corporation and wholly-owned subsidiary of Vringo, Inc. (the &ldquo;<U>Company</U>&rdquo;), pursuant to the terms and conditions
of the previously announced Agreement and Plan of Merger, dated as of March 12, 2012 (the &ldquo;<U>Merger Agreement</U>&rdquo;),
by and among the Company, Merger Sub and Innovate/Protect (the &ldquo;<U>Merger</U>&rdquo;). In connection with the Merger, the
Company caused to be issued, as of the Closing Date, its securities to Innovate/Protect&rsquo;s stockholders in exchange for the
capital stock owned by Innovate/Protect&rsquo;s stockholders, as follows (the &ldquo;<U>Merger Consideration</U>&rdquo;): (i) an
aggregate of 18,617,569 shares of the Company&rsquo;s common stock, par value $0.01 per share (the &ldquo;<U>Common Stock</U>&rdquo;),
(ii) an aggregate of 6,673 shares of the Company&rsquo;s Series A Preferred Stock, par value $0.01 per share, convertible into
an aggregate of 20,136,445 shares of the Company&rsquo;s Common Stock, with such powers, designations, preferences and other rights
as set forth in the Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock attached hereto
as Exhibit 3.2 and incorporated herein by reference, (iii) an aggregate of 8,299,116 Series 1 warrants to purchase up to an aggregate
8,299,116 shares of the Company&rsquo;s Common Stock, with an exercise
price of $1.76 per share and expiring on July 19, 2017, and (iv) an aggregate of 7,660,722 Series 2 warrants to purchase up to
an aggregate of 7,660,722 shares of the Company&rsquo;s Common Stock, with an exercise price of $1.76 per share and expiring on July 19, 2017. In addition,
the Company assumed an option to purchase an aggregate of 41,178 shares of the Company&rsquo;s common stock at an exercise price
of $0.994 per share, in exchange for the outstanding and unexercised stock option to purchase shares of Innovate/Protect&rsquo;s
common stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As a result of the consummation of the Merger,
as of the Closing Date, the former stockholders of Innovate/Protect own approximately 55.04% of the outstanding shares of Common
Stock of the Company (or 67.61% of the outstanding shares of Common Stock of the Company calculated on a fully diluted basis) and
the stockholders of the Company prior to the Merger own approximately 44.06% of the outstanding shares of Common Stock of the Company
(or 32.39% of the outstanding shares of Common Stock of the Company calculated on a fully diluted basis) and a change of control
may be deemed to have occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For accounting purposes, the Merger is treated
as a &ldquo;reverse acquisition&rdquo; and Innovate/Protect is considered the accounting acquirer. Accordingly, Innovate/Protect
will be reflected as the predecessor and acquirer in the Company&rsquo;s financial statements. The Company&rsquo;s financial statements
will reflect the historical financial statements of Innovate/Protect as the Company&rsquo;s historical financial statements, except
for the legal capital which will reflect Vringo's legal capital (common stock).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Merger Consideration was registered
under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), pursuant to a registration statement on
Form S-4 (File No.&nbsp;333-180609), originally filed with the U.S. Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;)
on April 6, 2012, as amended, and declared effective on June&nbsp;20, 2012 (the &ldquo;<U>Form S-4</U>&rdquo;). The prospectus
included in the Form S-4 contains additional information about the Merger and the related transactions. The Form S-4 also included
the proxy statement for the 2012 Annual Meeting of Stockholders, held on July&nbsp;19, 2012 (the &ldquo;<U>Proxy Statement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">The foregoing description of the Merger
Agreement is not complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, which was
attached as Exhibit 2.1 to the Company&rsquo;s Current Report on Form 8-K filed with the SEC on March 14, 2012, the terms of which
are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt"><B><I>Assumption of Debt</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">On July 19, 2012, in connection with the
consummation of the Merger and in accordance with the Merger Agreement, the Company entered into an Amended and Restated Pledge
and Security Agreement and an Amended and Restated Guaranty with each of its subsidiaries to guaranty the obligations of Innovate/Protect
under that certain Amended and Restated Senior Secured Promissory Note (the &ldquo;<U>Secured Note</U>&rdquo;), dated July 19,
2012, by and between Innovate/Protect and its principal stockholder prior to the completion of the Merger, Hudson Bay Master Fund
Ltd. (&ldquo;<U>Hudson Bay&rdquo;</U>). As of the Closing Date, the outstanding balance under the Secured Note is $3.2 million.
The Secured Note accrues interest at 0.46% per annum and matures on June 22, 2013. From and after the date upon which (i) the Company
and its subsidiaries have more than $15,000,000 in the aggregate of cash and cash equivalents, Hudson Bay may require the Company
to redeem up to 50% of the outstanding principal amount of the Secured Note, (ii) the Company and its subsidiaries have more than
$20,000,000 in the aggregate of cash and cash equivalents, Hudson Bay may require the Company to redeem up to 100% of the outstanding
principal of the Secured Note, (iii) the Company and its subsidiaries receive proceeds in excess of $500,000 in the aggregate from
the issuance of any equity or indebtedness, Hudson Bay may require the Company to redeem the outstanding principal under the note
in an amount equal to up to 20% of the proceeds of the issuance of any such equity or indebtedness. In addition, the Secured Note
provides that in the event of a change of control, Hudson Bay may require the company to redeem all or any portion of the Secured
Note at a price in cash equal to 125% of the amount redeemed. Innovate/Protect has granted Hudson Bay a security interest in all
of its tangible and intangible personal property (including the Lycos&rsquo;s patents) to secure its obligations under the Secured
Note. In connection with the Merger, the Company has assumed the Secured Note and guarantied the obligations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">On June 1, 2012, Hudson Bay committed,
subject to the terms and conditions of a commitment letter agreement (the &ldquo;<U>Commitment Letter Agreement</U>&rdquo;), that,
at any time within 18 months following the closing of the Merger and upon the request of Innovate/Protect, it or, at its election,
one or more of its affiliated funds or entities shall provide debt financing to Innovate/Protect in the aggregate principal amount
of up to $6,000,000. Hudson Bay&rsquo;s commitment shall be reduced, on a dollar for dollar basis, by (i) any cash or capital raised
by the Company, Innovate/Protect and/or any of their subsidiaries (each a &ldquo;<U>Vringo entity</U>&rdquo; and, together the
&ldquo;<U>Vringo entities</U>&rdquo;), including, without limitation, through the issuance of any debt, equity and/or securities
convertible, exercisable or exchangeable into equity of any of the Vringo entities or the incurrence of indebtedness by any of
the Vringo entities and (ii) any cash received by any Vringo entity in connection with the exercise of any of its outstanding warrants.
Any such financing provided under such facility will be in the form of senior secured notes at an interest rate of the greater
of (i) LIBOR plus 300 basis points and (ii) 8% per annum with a maturity of seven years after issuance. Such obligations will be
guaranteed by each of the Vringo entities and secured by a first priority lien on all assets of the Vringo entities. In addition,
both Innovate/Protect and the holder of the notes will be able to require redemption of all or any portion of the Notes at any
time after 18 months following the consummation of the Merger, subject to an interest make-whole through maturity. In addition
to other covenants to be mutually agreed between Innovate/Protect and Hudson Bay, the Vringo entities will not spend cash during
any calendar quarter while any notes are outstanding at a rate greater than the amount specified in the capital budget of Vringo
and its subsidiaries, prepared on a combined basis, agreed to by Hudson Bay, without the prior written consent of Hudson Bay. The
obligations of Hudson Bay or any of its affiliated funds under the Commitment Letter Agreement will be subject to certain conditions
set forth in the Commitment Letter Agreement and will terminate automatically and immediately upon the earlier to occur of (a)
the termination of the Merger Agreement pursuant to its terms, (b) any default under or acceleration prior to maturity of any indebtedness
of any Vringo entity, (c) the failure of any Vringo entity to satisfy any of the conditions set forth in the Commitment Letter
Agreement, (d) any event, which, if occurring prior to the closing of the Merger, would have resulted in the failure of the conditions
set forth in Section 6.2(f) (Litigation) and 6.2(j) (Patents) of the Merger Agreement to be satisfied, (e) upon written notice
to terminate the Commitment Letter Agreement delivered by Innovate/Protect to Hudson Bay or (f) 18 months after the consummation
of the Merger. The Company assumed the Commitment Letter Agreement in connection with the Merger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">The foregoing descriptions of the Amended
and Restated Senior Secured Promissory Note, Amended and Restated Pledge and Security Agreement, Amended and Restated Guaranty
and Commitment Letter Agreement are not complete and are subject to, and qualified in their entirety by, the full text of such
documents, which are attached to this Current Report as Exhibits&nbsp; 10.2, 10.3, 10.4 and 10.5, respectively, and are incorporated
herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt"><B><I>Termination of Hudson Bay Letter Agreement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">Following the closing of the Merger,
on July 19, 2012, the Company sent notice of termination to Hudson Bay to terminate that certain letter agreement, by
and between the Company and Hudson Bay, dated as of March 12, 2012, which provided, among other things, restrictions on
the number of shares of Common Stock of the Company that Hudson Bay may sell and a right of Hudson Bay to participate in up
to 25% of certain offerings conducted by the Company. Pursuant to the terms of such agreement, the Company must continue
to comply with the provisions relating to Hudson Bay&rsquo;s participation in up to 25% of certain offerings until 30
days following the termination date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt"><B><I>Lock-Up Agreement </I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">Following the closing of the Merger and
after deliberation at the Board meeting held immediately following the 2012 Annual Meeting of Stockholders, each of the officers
and directors of the Company immediately following the consumation of the Merger (collectively, the &ldquo;<U>Insiders</U>&rdquo;)
delivered to the Company a lock-up agreement (each, a &ldquo;<U>Lock-Up Agreement</U>&rdquo; and collectively, the &ldquo;<U>Lock-Up
Agreements</U>&rdquo;). Pursuant to the terms of the Lock-Up Agreements, the Insiders agreed that, for a period of six months following
the closing of the Merger, without the prior written consent of the Company, they will not: (1) offer, pledge, assign, encumber,
announce the intention to sell, sell, contract to sell (including any short sale), sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, any shares
of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock owned either of record or beneficially
or may be deemed to be beneficially owned (as defined in the Exchange Act by the undersigned on the date hereof or hereafter acquired
or (2) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership
of the Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock
or such other securities, in cash or otherwise, or (3) make any demand for or exercise any right with respect to, the registration
of any shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock, or (4) publicly
announce an intention to do any of the foregoing (the &ldquo;<U>Lock-Up</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 45pt">The restrictions contained
in each Lock-Up Agreement do not apply to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45pt">(a) transfers of shares
of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock (i)&nbsp;as a bona fide gift,
or gifts, (ii)&nbsp;to an immediate family member (as such term is defined in Item 404 of Regulation S-K) or a trust for the direct
or indirect benefit of the undersigned or such immediate family member of the undersigned, or (iii)&nbsp;by will or intestacy;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45pt">(b) the exercise of options
granted under the Company&rsquo;s 2012 Employee, Director and Consultant Equity Incentive Plan (the &ldquo;<U>2012 Plan</U>&rdquo;)
and 2006 Stock Option Plan (the &ldquo;<U>2006 Plan</U>&rdquo;) provided that the shares of Common Stock delivered upon such exercise
are subject to the Lock-Up;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45pt">(c) transfers of shares
of Common Stock to the Company &nbsp;as forfeitures to satisfy tax withholding and remittance obligations of the undersigned in
connection with the vesting or exercise of equity awards granted pursuant to the Company&rsquo;s 2012 Plan and/or 2006 Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45pt">(d) in the case of Innovate/Protect&rsquo;s
former officers and directors, the exercise of any of the Company&rsquo;s Series 1 Warrants and Series 2 Warrants issued to the
undersigned in connection with the transactions consummated by the Agreement and Plan of Merger, dated March 12, 2012, by and between
the Company, VIP Merger Sub, Inc. and Innovate/Protect, Inc. (collectively, the &ldquo;<U>Warrants</U>&rdquo;) and the sale or
disposition of the shares of Common Stock issuable thereunder, in the event the Company calls such Warrants for redemption pursuant
to and in accordance with the provisions of the Warrants;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45pt">(e) the conversion of the
Company&rsquo;s Series A Preferred Stock that are outstanding as of the date hereof, provided that the shares of Common Stock delivered
upon such conversion are subject to the restrictions set forth in the Lock-Up; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 45pt">(f) the establishment of
a trading plan that complies with Rule 10b5-1 under the Exchange Act; provided, however, that (i) the restrictions shall apply
in full force to sales or other dispositions pursuant to such Rule 10b5-1 plan during the Lock-Up Period and (ii) no public announcement
or disclosure of entry into such Rule 10b5-1 plan is made or required to be made during the Lock-Up Period, including any filing
with the SEC under Section 13 or Section 16 of the Exchange Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">provided that in case of any transfer pursuant
to clause (a) above, each transferee, trustee, donee or distributee shall sign and deliver a lock-up letter substantially in the
form of this Lock-Up Agreement, and provided further that such transfer shall not involve a disposition for value and such transfer
is not required to be reported in any public report or filing with the SEC during the Lock-Up Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 47.3pt">The foregoing description of the Lock-Up
Agreements is not complete and is subject to, and qualified in their entirety by, the full text of the form of such Lock-Up Agreement,
which is filed as Exhibit&nbsp;10.8 to this Current Report, and is incorporated into this Current Report by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Business Strategy Following the Merger</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Following the Merger, the Company intends
to attempt to maximize the economic benefits of its intellectual property portfolio, add significant talent in technological innovation,
and potentially enhance its opportunities for revenue generation through the monetization of the combined company&rsquo;s assets,
including patents owned by Innovate/Protect and the outcome of the litigation against online search companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company expects to undergo changes in
connection with the Merger. Prior to the Merger, the Company was engaged in developing software platforms and applications for
mobile devices and Innovate/Protect&rsquo;s business was to maximize, for inventors and investors, the economic benefits of intellectual
property assets through acquiring or internally developing patents or other intellectual property assets. Following the Merger,
the Company will have enhanced technology capabilities to create, build and deliver mobile applications and services to its handset
and mobile operator partners as well as directly to consumers. The Company believes that the value of each company&rsquo;s intellectual
property portfolio will be enhanced through the combined company&rsquo;s ability to license and enforce its intellectual property
rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company expects that the combined company
will have two key areas of operation:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">delivery and monetization of mobile social applications, and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">maximization of the economic benefits of intellectual property. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company has developed a platform for
the distribution of mobile applications. The Company believes that its technology and business relationships will allow it to distribute
new applications and services through:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">mobile operators,</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">handset makers, and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">application storefronts. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company intends to expand its intellectual
property portfolio through both internal development and acquisition. The Company believes that the experience and liquidity of
the combined company will enable it to expand its intellectual property portfolio as well as create additional intellectually property
internally. The Company intends to monetize its intellectual property through:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">licensing,</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">strategic partnerships, and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">litigation. </FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt">&#9;Following the Merger,
the Company will continue to actively seek to broaden its intellectual property portfolio. Its philosophy is to seek to acquire
intellectual property and technology. The Company is reviewing portfolio opportunities with a view toward acquiring those which
it believes have potential for monetization through licensing opportunities or enforcement. The Company is actively engaged in
due diligence with respect to a number of patent and intellectual property portfolios and is in advanced discussions as to the
acquisition of several such portfolios. <FONT STYLE="font-size: 10pt">The Company will likely need to raise additional capital
to make any such acquisition. </FONT>There is no assurance that the Company will succeed in acquiring any such portfolios, as to
the terms of any such acquisition or that the Company will successfully monetize any portfolio that it acquires.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 15pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>Item 2.03&nbsp;Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The disclosure in Item 2.01 of this Current
Report is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 3.03&nbsp;Material Modification to Rights of Security
Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 19, 2012, as contemplated by the
Merger Agreement and as approved by the Company&rsquo;s stockholders, the Company filed a Certificate of Amendment to its Amended
and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to increase the number of authorized
shares of Common Stock of the Company from 28,000,000 to 150,000,000 (the &ldquo;<U>Certificate of Amendment</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Furthermore, on July 19, 2012, the Company
filed with the Secretary of State of the State of Delaware a Certificate of Designations, Preferences and Rights of Series A Convertible
Preferred Stock (the &ldquo;<U>Certificate of Designations</U>&rdquo;). Pursuant to the Certificate of Designations, the holders
of the Company&rsquo;s Series A Preferred Stock (&ldquo;<U>Preferred Stock</U>&rdquo;) will be entitled, among other things, to
a liquidation preference of $1,000 per share and the right to participate in any dividends and distributions paid to common stockholders
on an as-converted basis. The Preferred Stock will be non-voting. The Company may not create a class of capital stock senior or
pari passu to the Preferred Stock. In addition, except for certain excluded issuances, the Vringo Preferred Stock will be adjusted
for issuances below the initial conversion price (as adjusted for stock splits, stock dividends and similar events) until the date
the Common Stock of the Company has traded an aggregate of 100,000,000 shares at above $3.00 per share (as adjusted for stock splits,
stock dividends and similar events). On a change of control, except for a change of control where the holder receives all publicly
traded stock, the holder of the Preferred Stock will be able to require the Company to redeem the Preferred Stock. The Preferred
Stock also contains a covenant prohibiting Vringo, for a period of 18 months following the closing, from incurring indebtedness
senior to the Vringo Preferred Stock in excess of $6 million (in the aggregate, including the then outstanding principal amount
of existing Innovate/Protect indebtedness); provided, that, this covenant shall not apply to indebtedness secured by assets of
the Company acquired after the Closing in which the lender expressly subordinates to the holder of the Preferred Stock. The holder
of the Preferred Stock shall be indemnified against losses due to a buy-in following a conversion failure and Vringo shall pay
the holders of the Preferred Stock a penalty of one-quarter of one percent (0.25%) for each full 15 day period during which the
Common Stock is suspended from trading or if the Common Stock is delisted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing descriptions of the Certificate
of Amendment and the Certificate of Designations are not complete and are subject to, and qualified in their entirety by, the full
text of the Certificate of Amendment and the Certificate of Designations, which are attached to this Current Report as Exhibit
3.1 and Exhibit 3.2, respectively, and are incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.01&#9;Changes in Control of Registrant</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As a result of the transactions contemplated
under the Merger Agreement, a change of control of the Company may be deemed to have occurred. The disclosure of Item 2.01 of this
Current Report is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.07&nbsp;Submission of Matters to a Vote of Security
Holders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The following proposals were voted on by
the stockholders of the Company at its 2012 Annual Meeting of Stockholders (the &ldquo;<U>Annual Meeting</U>&rdquo;) which was
held on July 19, 2012. At the Annual Meeting, a total of 11,486,472 shares, or 81.67%, of the Company&rsquo;s common stock issued
and outstanding as of the record date, were represented in person or by proxy. Set forth below is a brief description of each matter
voted upon at the Annual Meeting and the voting results with respect to each matter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i) To approve the Merger and the issuance
of the Company&rsquo;s securities thereunder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: center">Against:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: center">Abstain</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: center">Broker Non-Vote</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">7,999,857</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">26,387</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">4,864</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">3,455,364</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(ii) To approve an amendment to the Company&rsquo;s
certificate of incorporation to effect a reverse stock split:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Broker Non-Vote</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">6,702,509</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1,278,532</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">50,067</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3,455,364</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iii) To approve an amendment to the Company&rsquo;s
certificate of incorporation to increase the number of authorized shares of Common Stock to up to 150,000,000 shares:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Broker Non-Vote:</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">7,480,928</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">502,216</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">47,964</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3,455,364</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(iv) To elect to the Board seven (7)&nbsp;directors,
to serve until the Company&rsquo;s next Annual Meeting of Stockholders or until their successors are duly elected and qualify or
until their earlier death, resignation or removal, subject to the Closing of the Merger:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Withheld:</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Andrew D. Perlman</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,008,798</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">22,310</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Seth M. Siegel</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,008,753</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">22,355</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">John Engelman</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,000,553</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">22,555</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Andrew Kennedy Lang</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,007,753</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">23,355</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Alexander R. Berger</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,008,749</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">22,359</TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Donald E. Stout</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,010,853</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">20,255</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">H. Van Sinclair</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">8,006,649</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">24,459</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"></TD><TD>(v) To approve the Vringo, Inc. 2012 Employee, Director and Consultant Equity Incentive Plan:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain:</TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Broker Non-Vote:</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">7,661,227</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">280,502</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">89,379</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3,455,364</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(vi) To ratify the appointment of Somech
Chaikin, a member firm of KPMG International as the Company&rsquo;s independent registered public accounting firm:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against:</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain:</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">11,414,738</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">31,171</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">40,563</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(vii) To adjourn to the Annual Meeting,
to solicit additional proxies if there are not sufficient votes in favor of the proposals referred to in clauses (i) through (vi):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">For:</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Against:</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center">Abstain:</TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,255,204)">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">11,044,395</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">390,065</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">52,012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Therefore, all the proposals, except for
the proposal to effect a reverese merger, were approved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01&nbsp;Other Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July19, 2012, the Company issued a press
release announcing the completion of the previously announced Merger, pursuant to the Merger Agreement. A copy of the press release
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For informational purposes, the Company
has filed as Exhibits 99.2, 99.3 and 99.4, a description of Innovate/Protect&rsquo;s business, the risk factors relating to Innovate/Protect
and Innovate/Protect&rsquo;s Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As required by Item 9.01, the Company has
also filed as Exhibits 99.5 and 99.6: (i) the audited consolidated balance sheet of Innovate/Protect as of December 31, 2011, the
related consolidated statement of income, statement of stockholders&rsquo; equity and statement of cash flows for the period from
June 8, 2011 (Inception) to December 31, 2011, and related notes thereto, and (ii) the unaudited condensed consolidated balance
sheet of Innovate/Protect as of March 31, 2012, the related condensed consolidated statement of income, statement of stockholders&rsquo;
equity and statement of cash flows for the three month period ended March 31, 2012, and related notes thereto, filed pursuant to
Item 9.01(a) of this Current Report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;Item 9.01&#9;Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a)&#9;Financial Statements of business acquired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The audited consolidated financial statements
of Innovate/Protect for the period from June 8, 2011 (Inception) to December 31, 2011 and the unaudited interim financial statements
of Innovate/Protect for the three month period ended March 31, 2012, required to be filed pursuant to Items 9.01(a) of Form 8-K,
are filed herewith as Exhibits 99.5 and 99.6, respectively, and are incorporated into this Current Report by reference.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;(b)&#9;Pro forma financial information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="color: black">The unaudited
pro forma financial information required to be filed pursuant to Item 9.01(b) of Form 8-K </FONT>was attached as Exhibit 99.1 to
the Company&rsquo;s Current Report on Form 8-K filed with the SEC on June 19, 2012, and is incorporated <FONT STYLE="color: black">into
this Current Report by reference</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&#9;Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 11%; border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-weight: bold">Exhibit Number</TD>
    <TD STYLE="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 86%; border-bottom: windowtext 1pt solid; padding-right: 0; padding-left: 0; font-weight: bold">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">2.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Agreement and Plan of Merger by and among Vringo, Inc., VIP Merger Sub, Inc. and Innovate/Protect, Inc., dated as of March 12, 2012 (previously filed as Exhibit 2.1 to the Company&rsquo;s Current Report on Form 8-K filed with the SEC on March 14, 2012)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">3.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Certificate of Amendment to Amended and Restated Certificate of Incorporation to effect an increase in authorized shares</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">3.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">4.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Form of Series 1 Warrant (previously filed as Annex F to the Company&rsquo;s Registration Statement on Form S-4 (File No. 333-180609) originally filed with the SEC on April 6, 2012)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">4.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Form of Series 1 Warrant (previously filed as Annex G to the Company&rsquo;s Registration Statement on Form S-4 (File No. 333-180609) originally filed with the SEC on April 6, 2012)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Vringo, Inc. 2012 Employee, Director and Consultant Equity Incentive Plan (previously filed as Annex D to the Company&rsquo;s Registration Statement on Form S-4 (File No. 333-180609) originally filed with the SEC on April 6, 2012)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Amended and Restated Senior Secured Note, by and between Innovate/Protect, Inc. and Hudson Bay Master Fund Ltd., dated July 19, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Amended and Restated Pledge and Security Agreement, by and between the Company and each of its subsidiaries, dated July 19, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-right: 0">Amended and Restated Guaranty, by and between the Company and each of its subsidiaries, dated July 19, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-left: 0; padding-right: 0">Commitment Letter Agreement between Hudson Bay Master Fund Ltd. and Innovate/Protect, dated June 1, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">10.6</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Form of Lock-Up Agreement from the officers and directors of Vringo, Inc., dated July 19, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">23.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Consent of Grant Thornton LLP</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Press Release, dated July 19, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.2</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Information about Innovate/Protect, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.3</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Risk Factors Relating to Innovate/Protect, Inc.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Innovate/Protect, Inc. Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Innovate/Protect, Inc. audited consolidated balance sheet as of December 31, 2011, the related consolidated statement of income, statement of stockholders&rsquo; equity and statement of cash flows for the period from June 8, 2011 (Inception) to December 31, 2011, and related notes thereto</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.6</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Innovate/Protect, Inc. unaudited condensed consolidated balance sheet as of March 31, 2012, the related condensed consolidated statement of income, statement of stockholders&rsquo; equity and statement of cash flows for the three month period ended March 31, 2012, and related notes thereto</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">99.7</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">Unaudited pro forma combined financial information (previously filed as Exhibit 99.1 to the Company&rsquo;s Current Report on Form 8-K&nbsp; filed with the SEC on June 19, 2012)</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 23.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold">VRINGO, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Dated: July 20, 2012</TD>
    <TD>By:</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Andrew D. Perlman</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 46%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 6%">Name:</TD>
    <TD STYLE="width: 45%">Andrew D. Perlman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Chief Executive Officer</TD></TR>
</TABLE>

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[{"type": "8-K", "sequence": "1", "filename": "v318877_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 80045}]
{"company-data": {"conformed-name": "Vringo Inc", "cik": "0001410428", "assigned-sic": "4899", "irs-number": "000000000", "state-of-incorporation": "DE"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34785", "film-number": "12972787"}, "business-address": {"street1": "18 EAST 16TH STREET", "city": "NEW YORK", "state": "NY", "zip": "10003", "phone": "646-861-5575"}, "mail-address": {"street1": "18 EAST 16TH STREET", "city": "NEW YORK", "state": "NY", "zip": "10003"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): July 20, 2012 (July 19, 2012)
VRINGO, INC.
(Exact Name of Registrant as Specified
in its Charter)
Delaware
001-34785
20-4988129
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
44 W. 28th Street
New York, New York 10001
(Address of Principal Executive Offices
and Zip Code)
Registrant's telephone number,
including area code: (646) 525-4319
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities
        Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange
        Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under
        the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under
        the Exchange Act (17 CFR 240.13e-4(c))
Forward-Looking Statements
Statements contained in this Current
Report on Form 8-K relating to Vringo's or management's intentions, hopes, beliefs, expectations or predictions of
the future, including statements relating to the combined company's management and board of directors and any other statements
about Vringo's management team's future expectations, beliefs, goals, plans or prospects are forward-looking statements.
Vringo's actual results could differ materially from those projected in these forward-looking statements. Additional factors
that could cause actual results to differ materially from those described in the forward-looking statements are set forth in the
424(b)(3) proxy statement/prospectus of Vringo, Inc. (File No.
333-180609
),
filed with the SEC on June 21, 2012, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Vringo.
Vringo disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as
a result of new information, future events or otherwise.
Item 1.01 Entry into a Material Definitive Agreement
The disclosure in Item 2.01 of this Current
Report on Form 8-K (the "
Current Report
") is incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement
The disclosure in Item 2.01 of this Current Report is incorporated herein by reference.
Item 2.01 Completion of Acquisition or Disposition of
Assets
Completion of Merger with Innovate/Protect
On
July 19, 2012 (the "
Closing Date
"), Innovate/Protect, Inc., a Delaware corporation ("
Innovate Protect
"),
merged with and into VIP Merger Sub, Inc. (which changed its name to Innovate/Protect, Inc.) (
Merger Sub
"), a Delaware
corporation and wholly-owned subsidiary of Vringo, Inc. (the "
Company
"), pursuant to the terms and conditions
of the previously announced Agreement and Plan of Merger, dated as of March 12, 2012 (the "
Merger Agreement
"),
by and among the Company, Merger Sub and Innovate/Protect (the "
Merger
"). In connection with the Merger, the
Company caused to be issued, as of the Closing Date, its securities to Innovate/Protect's stockholders in exchange for the
capital stock owned by Innovate/Protect's stockholders, as follows (the "
Merger Consideration
"): (i) an
aggregate of 18,617,569 shares of the Company's common stock, par value $0.01 per share (the "
Common Stock
"),
(ii) an aggregate of 6,673 shares of the Company's Series A Preferred Stock, par value $0.01 per share, convertible into
an aggregate of 20,136,445 shares of the Company's Common Stock, with such powers, designations, preferences and other rights
as set forth in the Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock attached hereto
as Exhibit 3.2 and incorporated herein by reference, (iii) an aggregate of 8,299,116 Series 1 warrants to purchase up to an aggregate
8,299,116 shares of the Company's Common Stock, with an exercise
price of $1.76 per share and expiring on July 19, 2017, and (iv) an aggregate of 7,660,722 Series 2 warrants to purchase up to
an aggregate of 7,660,722 shares of the Company's Common Stock, with an exercise price of $1.76 per share and expiring on July 19, 2017. In addition,
the Company assumed an option to purchase an aggregate of 41,178 shares of the Company's common stock at an exercise price
of $0.994 per share, in exchange for the outstanding and unexercised stock option to purchase shares of Innovate/Protect's
common stock.
1
As a result of the consummation of the Merger,
as of the Closing Date, the former stockholders of Innovate/Protect own approximately 55.04% of the outstanding shares of Common
Stock of the Company (or 67.61% of the outstanding shares of Common Stock of the Company calculated on a fully diluted basis) and
the stockholders of the Company prior to the Merger own approximately 44.06% of the outstanding shares of Common Stock of the Company
(or 32.39% of the outstanding shares of Common Stock of the Company calculated on a fully diluted basis) and a change of control
may be deemed to have occurred.
For accounting purposes, the Merger is treated
as a "reverse acquisition" and Innovate/Protect is considered the accounting acquirer. Accordingly, Innovate/Protect
will be reflected as the predecessor and acquirer in the Company's financial statements. The Company's financial statements
will reflect the historical financial statements of Innovate/Protect as the Company's historical financial statements, except
for the legal capital which will reflect Vringo's legal capital (common stock).
The Merger Consideration was registered
under the Securities Act of 1933, as amended (the "
Securities Act
"), pursuant to a registration statement on
Form S-4 (File No. 333-180609), originally filed with the U.S. Securities and Exchange Commission (the "
SEC
")
on April 6, 2012, as amended, and declared effective on June 20, 2012 (the "
Form S-4
"). The prospectus
included in the Form S-4 contains additional information about the Merger and the related transactions. The Form S-4 also included
the proxy statement for the 2012 Annual Meeting of Stockholders, held on July 19, 2012 (the "
Proxy Statement
").
The foregoing description of the Merger
Agreement is not complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, which was
attached as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the SEC on March 14, 2012, the terms of which
are incorporated herein by reference.
Assumption of Debt
On July 19, 2012, in connection with the
consummation of the Merger and in accordance with the Merger Agreement, the Company entered into an Amended and Restated Pledge
and Security Agreement and an Amended and Restated Guaranty with each of its subsidiaries to guaranty the obligations of Innovate/Protect
under that certain Amended and Restated Senior Secured Promissory Note (the "
Secured Note
"), dated July 19,
2012, by and between Innovate/Protect and its principal stockholder prior to the completion of the Merger, Hudson Bay Master Fund
Ltd. ("
Hudson Bay"
). As of the Closing Date, the outstanding balance under the Secured Note is $3.2 million.
The Secured Note accrues interest at 0.46% per annum and matures on June 22, 2013. From and after the date upon which (i) the Company
and its subsidiaries have more than $15,000,000 in the aggregate of cash and cash equivalents, Hudson Bay may require the Company
to redeem up to 50% of the outstanding principal amount of the Secured Note, (ii) the Company and its subsidiaries have more than
$20,000,000 in the aggregate of cash and cash equivalents, Hudson Bay may require the Company to redeem up to 100% of the outstanding
principal of the Secured Note, (iii) the Company and its subsidiaries receive proceeds in excess of $500,000 in the aggregate from
the issuance of any equity or indebtedness, Hudson Bay may require the Company to redeem the outstanding principal under the note
in an amount equal to up to 20% of the proceeds of the issuance of any such equity or indebtedness. In addition, the Secured Note
provides that in the event of a change of control, Hudson Bay may require the company to redeem all or any portion of the Secured
Note at a price in cash equal to 125% of the amount redeemed. Innovate/Protect has granted Hudson Bay a security interest in all
of its tangible and intangible personal property (including the Lycos's patents) to secure its obligations under the Secured
Note. In connection with the Merger, the Company has assumed the Secured Note and guarantied the obligations thereunder.
2
On June 1, 2012, Hudson Bay committed,
subject to the terms and conditions of a commitment letter agreement (the "
Commitment Letter Agreement
"), that,
at any time within 18 months following the closing of the Merger and upon the request of Innovate/Protect, it or, at its election,
one or more of its affiliated funds or entities shall provide debt financing to Innovate/Protect in the aggregate principal amount
of up to $6,000,000. Hudson Bay's commitment shall be reduced, on a dollar for dollar basis, by (i) any cash or capital raised
by the Company, Innovate/Protect and/or any of their subsidiaries (each a "
Vringo entity
" and, together the
"
Vringo entities
"), including, without limitation, through the issuance of any debt, equity and/or securities
convertible, exercisable or exchangeable into equity of any of the Vringo entities or the incurrence of indebtedness by any of
the Vringo entities and (ii) any cash received by any Vringo entity in connection with the exercise of any of its outstanding warrants.
Any such financing provided under such facility will be in the form of senior secured notes at an interest rate of the greater
of (i) LIBOR plus 300 basis points and (ii) 8% per annum with a maturity of seven years after issuance. Such obligations will be
guaranteed by each of the Vringo entities and secured by a first priority lien on all assets of the Vringo entities. In addition,
both Innovate/Protect and the holder of the notes will be able to require redemption of all or any portion of the Notes at any
time after 18 months following the consummation of the Merger, subject to an interest make-whole through maturity. In addition
to other covenants to be mutually agreed between Innovate/Protect and Hudson Bay, the Vringo entities will not spend cash during
any calendar quarter while any notes are outstanding at a rate greater than the amount specified in the capital budget of Vringo
and its subsidiaries, prepared on a combined basis, agreed to by Hudson Bay, without the prior written consent of Hudson Bay. The
obligations of Hudson Bay or any of its affiliated funds under the Commitment Letter Agreement will be subject to certain conditions
set forth in the Commitment Letter Agreement and will terminate automatically and immediately upon the earlier to occur of (a)
the termination of the Merger Agreement pursuant to its terms, (b) any default under or acceleration prior to maturity of any indebtedness
of any Vringo entity, (c) the failure of any Vringo entity to satisfy any of the conditions set forth in the Commitment Letter
Agreement, (d) any event, which, if occurring prior to the closing of the Merger, would have resulted in the failure of the conditions
set forth in Section 6.2(f) (Litigation) and 6.2(j) (Patents) of the Merger Agreement to be satisfied, (e) upon written notice
to terminate the Commitment Letter Agreement delivered by Innovate/Protect to Hudson Bay or (f) 18 months after the consummation
of the Merger. The Company assumed the Commitment Letter Agreement in connection with the Merger.
The foregoing descriptions of the Amended
and Restated Senior Secured Promissory Note, Amended and Restated Pledge and Security Agreement, Amended and Restated Guaranty
and Commitment Letter Agreement are not complete and are subject to, and qualified in their entirety by, the full text of such
documents, which are attached to this Current Report as Exhibits  10.2, 10.3, 10.4 and 10.5, respectively, and are incorporated
herein by reference.
Termination of Hudson Bay Letter Agreement
Following the closing of the Merger,
on July 19, 2012, the Company sent notice of termination to Hudson Bay to terminate that certain letter agreement, by
and between the Company and Hudson Bay, dated as of March 12, 2012, which provided, among other things, restrictions on
the number of shares of Common Stock of the Company that Hudson Bay may sell and a right of Hudson Bay to participate in up
to 25% of certain offerings conducted by the Company. Pursuant to the terms of such agreement, the Company must continue
to comply with the provisions relating to Hudson Bay's participation in up to 25% of certain offerings until 30
days following the termination date.
Lock-Up Agreement
Following the closing of the Merger and
after deliberation at the Board meeting held immediately following the 2012 Annual Meeting of Stockholders, each of the officers
and directors of the Company immediately following the consumation of the Merger (collectively, the "
Insiders
")
delivered to the Company a lock-up agreement (each, a "
Lock-Up Agreement
" and collectively, the "
Lock-Up
Agreements
"). Pursuant to the terms of the Lock-Up Agreements, the Insiders agreed that, for a period of six months following
the closing of the Merger, without the prior written consent of the Company, they will not: (1) offer, pledge, assign, encumber,
announce the intention to sell, sell, contract to sell (including any short sale), sell any option or contract to purchase, purchase
any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, any shares
of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock owned either of record or beneficially
or may be deemed to be beneficially owned (as defined in the Exchange Act by the undersigned on the date hereof or hereafter acquired
or (2) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership
of the Common Stock, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock
or such other securities, in cash or otherwise, or (3) make any demand for or exercise any right with respect to, the registration
of any shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock, or (4) publicly
announce an intention to do any of the foregoing (the "
Lock-Up
").
3
The restrictions contained
in each Lock-Up Agreement do not apply to:
(a) transfers of shares
of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock (i) as a bona fide gift,
or gifts, (ii) to an immediate family member (as such term is defined in Item 404 of Regulation S-K) or a trust for the direct
or indirect benefit of the undersigned or such immediate family member of the undersigned, or (iii) by will or intestacy;
(b) the exercise of options
granted under the Company's 2012 Employee, Director and Consultant Equity Incentive Plan (the "
2012 Plan
")
and 2006 Stock Option Plan (the "
2006 Plan
") provided that the shares of Common Stock delivered upon such exercise
are subject to the Lock-Up;
(c) transfers of shares
of Common Stock to the Company  as forfeitures to satisfy tax withholding and remittance obligations of the undersigned in
connection with the vesting or exercise of equity awards granted pursuant to the Company's 2012 Plan and/or 2006 Plan;
(d) in the case of Innovate/Protect's
former officers and directors, the exercise of any of the Company's Series 1 Warrants and Series 2 Warrants issued to the
undersigned in connection with the transactions consummated by the Agreement and Plan of Merger, dated March 12, 2012, by and between
the Company, VIP Merger Sub, Inc. and Innovate/Protect, Inc. (collectively, the "
Warrants
") and the sale or
disposition of the shares of Common Stock issuable thereunder, in the event the Company calls such Warrants for redemption pursuant
to and in accordance with the provisions of the Warrants;
(e) the conversion of the
Company's Series A Preferred Stock that are outstanding as of the date hereof, provided that the shares of Common Stock delivered
upon such conversion are subject to the restrictions set forth in the Lock-Up; and
(f) the establishment of
a trading plan that complies with Rule 10b5-1 under the Exchange Act; provided, however, that (i) the restrictions shall apply
in full force to sales or other dispositions pursuant to such Rule 10b5-1 plan during the Lock-Up Period and (ii) no public announcement
or disclosure of entry into such Rule 10b5-1 plan is made or required to be made during the Lock-Up Period, including any filing
with the SEC under Section 13 or Section 16 of the Exchange Act;
provided that in case of any transfer pursuant
to clause (a) above, each transferee, trustee, donee or distributee shall sign and deliver a lock-up letter substantially in the
form of this Lock-Up Agreement, and provided further that such transfer shall not involve a disposition for value and such transfer
is not required to be reported in any public report or filing with the SEC during the Lock-Up Period.
The foregoing description of the Lock-Up
Agreements is not complete and is subject to, and qualified in their entirety by, the full text of the form of such Lock-Up Agreement,
which is filed as Exhibit 10.8 to this Current Report, and is incorporated into this Current Report by reference.
4
Business Strategy Following the Merger
Following the Merger, the Company intends
to attempt to maximize the economic benefits of its intellectual property portfolio, add significant talent in technological innovation,
and potentially enhance its opportunities for revenue generation through the monetization of the combined company's assets,
including patents owned by Innovate/Protect and the outcome of the litigation against online search companies.
The Company expects to undergo changes in
connection with the Merger. Prior to the Merger, the Company was engaged in developing software platforms and applications for
mobile devices and Innovate/Protect's business was to maximize, for inventors and investors, the economic benefits of intellectual
property assets through acquiring or internally developing patents or other intellectual property assets. Following the Merger,
the Company will have enhanced technology capabilities to create, build and deliver mobile applications and services to its handset
and mobile operator partners as well as directly to consumers. The Company believes that the value of each company's intellectual
property portfolio will be enhanced through the combined company's ability to license and enforce its intellectual property
rights.
The Company expects that the combined company
will have two key areas of operation:
·
delivery and monetization of mobile social applications, and
·
maximization of the economic benefits of intellectual property.
The Company has developed a platform for
the distribution of mobile applications. The Company believes that its technology and business relationships will allow it to distribute
new applications and services through:
·
mobile operators,
·
handset makers, and
·
application storefronts.
The Company intends to expand its intellectual
property portfolio through both internal development and acquisition. The Company believes that the experience and liquidity of
the combined company will enable it to expand its intellectual property portfolio as well as create additional intellectually property
internally. The Company intends to monetize its intellectual property through:
·
licensing,
·
strategic partnerships, and
·
litigation.
Following the Merger,
the Company will continue to actively seek to broaden its intellectual property portfolio. Its philosophy is to seek to acquire
intellectual property and technology. The Company is reviewing portfolio opportunities with a view toward acquiring those which
it believes have potential for monetization through licensing opportunities or enforcement. The Company is actively engaged in
due diligence with respect to a number of patent and intellectual property portfolios and is in advanced discussions as to the
acquisition of several such portfolios.
The Company will likely need to raise additional capital
to make any such acquisition.
There is no assurance that the Company will succeed in acquiring any such portfolios, as to
the terms of any such acquisition or that the Company will successfully monetize any portfolio that it acquires.
5
Item 2.03 Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The disclosure in Item 2.01 of this Current
Report is incorporated herein by reference.
Item 3.03 Material Modification to Rights of Security
Holders
On July 19, 2012, as contemplated by the
Merger Agreement and as approved by the Company's stockholders, the Company filed a Certificate of Amendment to its Amended
and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to increase the number of authorized
shares of Common Stock of the Company from 28,000,000 to 150,000,000 (the "
Certificate of Amendment
").
Furthermore, on July 19, 2012, the Company
filed with the Secretary of State of the State of Delaware a Certificate of Designations, Preferences and Rights of Series A Convertible
Preferred Stock (the "
Certificate of Designations
"). Pursuant to the Certificate of Designations, the holders
of the Company's Series A Preferred Stock ("
Preferred Stock
") will be entitled, among other things, to
a liquidation preference of $1,000 per share and the right to participate in any dividends and distributions paid to common stockholders
on an as-converted basis. The Preferred Stock will be non-voting. The Company may not create a class of capital stock senior or
pari passu to the Preferred Stock. In addition, except for certain excluded issuances, the Vringo Preferred Stock will be adjusted
for issuances below the initial conversion price (as adjusted for stock splits, stock dividends and similar events) until the date
the Common Stock of the Company has traded an aggregate of 100,000,000 shares at above $3.00 per share (as adjusted for stock splits,
stock dividends and similar events). On a change of control, except for a change of control where the holder receives all publicly
traded stock, the holder of the Preferred Stock will be able to require the Company to redeem the Preferred Stock. The Preferred
Stock also contains a covenant prohibiting Vringo, for a period of 18 months following the closing, from incurring indebtedness
senior to the Vringo Preferred Stock in excess of $6 million (in the aggregate, including the then outstanding principal amount
of existing Innovate/Protect indebtedness); provided, that, this covenant shall not apply to indebtedness secured by assets of
the Company acquired after the Closing in which the lender expressly subordinates to the holder of the Preferred Stock. The holder
of the Preferred Stock shall be indemnified against losses due to a buy-in following a conversion failure and Vringo shall pay
the holders of the Preferred Stock a penalty of one-quarter of one percent (0.25%) for each full 15 day period during which the
Common Stock is suspended from trading or if the Common Stock is delisted.
The foregoing descriptions of the Certificate
of Amendment and the Certificate of Designations are not complete and are subject to, and qualified in their entirety by, the full
text of the Certificate of Amendment and the Certificate of Designations, which are attached to this Current Report as Exhibit
3.1 and Exhibit 3.2, respectively, and are incorporated herein by reference.
6
Item 5.01	Changes in Control of Registrant
As a result of the transactions contemplated
under the Merger Agreement, a change of control of the Company may be deemed to have occurred. The disclosure of Item 2.01 of this
Current Report is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security
Holders
The following proposals were voted on by
the stockholders of the Company at its 2012 Annual Meeting of Stockholders (the "
Annual Meeting
") which was
held on July 19, 2012. At the Annual Meeting, a total of 11,486,472 shares, or 81.67%, of the Company's common stock issued
and outstanding as of the record date, were represented in person or by proxy. Set forth below is a brief description of each matter
voted upon at the Annual Meeting and the voting results with respect to each matter.
(i) To approve the Merger and the issuance
of the Company's securities thereunder:
For:
Against:
Abstain
Broker Non-Vote
7,999,857
26,387
4,864
3,455,364
(ii) To approve an amendment to the Company's
certificate of incorporation to effect a reverse stock split:
For:
Against:
Abstain
Broker Non-Vote
6,702,509
1,278,532
50,067
3,455,364
(iii) To approve an amendment to the Company's
certificate of incorporation to increase the number of authorized shares of Common Stock to up to 150,000,000 shares:
For:
Against:
Abstain:
Broker Non-Vote:
7,480,928
502,216
47,964
3,455,364
(iv) To elect to the Board seven (7) directors,
to serve until the Company's next Annual Meeting of Stockholders or until their successors are duly elected and qualify or
until their earlier death, resignation or removal, subject to the Closing of the Merger:
For:
Withheld:
Andrew D. Perlman
8,008,798
22,310
Seth M. Siegel
8,008,753
22,355
John Engelman
8,000,553
22,555
Andrew Kennedy Lang
8,007,753
23,355
Alexander R. Berger
8,008,749
22,359
Donald E. Stout
8,010,853
20,255
H. Van Sinclair
8,006,649
24,459
(v) To approve the Vringo, Inc. 2012 Employee, Director and Consultant Equity Incentive Plan:
For:
Against:
Abstain:
Broker Non-Vote:
7,661,227
280,502
89,379
3,455,364
(vi) To ratify the appointment of Somech
Chaikin, a member firm of KPMG International as the Company's independent registered public accounting firm:
For:
Against:
Abstain:
11,414,738
31,171
40,563
7
(vii) To adjourn to the Annual Meeting,
to solicit additional proxies if there are not sufficient votes in favor of the proposals referred to in clauses (i) through (vi):
For:
Against:
Abstain:
11,044,395
390,065
52,012
Therefore, all the proposals, except for
the proposal to effect a reverese merger, were approved.
Item 8.01 Other Events
On July19, 2012, the Company issued a press
release announcing the completion of the previously announced Merger, pursuant to the Merger Agreement. A copy of the press release
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
For informational purposes, the Company
has filed as Exhibits 99.2, 99.3 and 99.4, a description of Innovate/Protect's business, the risk factors relating to Innovate/Protect
and Innovate/Protect's Management's Discussion and Analysis of Financial Condition and Results of Operations, respectively.
As required by Item 9.01, the Company has
also filed as Exhibits 99.5 and 99.6: (i) the audited consolidated balance sheet of Innovate/Protect as of December 31, 2011, the
related consolidated statement of income, statement of stockholders' equity and statement of cash flows for the period from
June 8, 2011 (Inception) to December 31, 2011, and related notes thereto, and (ii) the unaudited condensed consolidated balance
sheet of Innovate/Protect as of March 31, 2012, the related condensed consolidated statement of income, statement of stockholders'
equity and statement of cash flows for the three month period ended March 31, 2012, and related notes thereto, filed pursuant to
Item 9.01(a) of this Current Report.
Item 9.01	Financial Statements and Exhibits
(a)	Financial Statements of business acquired.
The audited consolidated financial statements
of Innovate/Protect for the period from June 8, 2011 (Inception) to December 31, 2011 and the unaudited interim financial statements
of Innovate/Protect for the three month period ended March 31, 2012, required to be filed pursuant to Items 9.01(a) of Form 8-K,
are filed herewith as Exhibits 99.5 and 99.6, respectively, and are incorporated into this Current Report by reference.
8
(b)	Pro forma financial information.
The unaudited
pro forma financial information required to be filed pursuant to Item 9.01(b) of Form 8-K
was attached as Exhibit 99.1 to
the Company's Current Report on Form 8-K filed with the SEC on June 19, 2012, and is incorporated
into
this Current Report by reference
.
(d)	Exhibits.
Exhibit Number
Description
2.1
Agreement and Plan of Merger by and among Vringo, Inc., VIP Merger Sub, Inc. and Innovate/Protect, Inc., dated as of March 12, 2012 (previously filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the SEC on March 14, 2012)
3.1
Certificate of Amendment to Amended and Restated Certificate of Incorporation to effect an increase in authorized shares
3.2
Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock
4.1
Form of Series 1 Warrant (previously filed as Annex F to the Company's Registration Statement on Form S-4 (File No. 333-180609) originally filed with the SEC on April 6, 2012)
4.2
Form of Series 1 Warrant (previously filed as Annex G to the Company's Registration Statement on Form S-4 (File No. 333-180609) originally filed with the SEC on April 6, 2012)
10.1
Vringo, Inc. 2012 Employee, Director and Consultant Equity Incentive Plan (previously filed as Annex D to the Company's Registration Statement on Form S-4 (File No. 333-180609) originally filed with the SEC on April 6, 2012)
10.2
Amended and Restated Senior Secured Note, by and between Innovate/Protect, Inc. and Hudson Bay Master Fund Ltd., dated July 19, 2012
10.3
Amended and Restated Pledge and Security Agreement, by and between the Company and each of its subsidiaries, dated July 19, 2012
10.4
Amended and Restated Guaranty, by and between the Company and each of its subsidiaries, dated July 19, 2012
10.5
Commitment Letter Agreement between Hudson Bay Master Fund Ltd. and Innovate/Protect, dated June 1, 2012
10.6
Form of Lock-Up Agreement from the officers and directors of Vringo, Inc., dated July 19, 2012
23.1
Consent of Grant Thornton LLP
99.1
Press Release, dated July 19, 2012
99.2
Information about Innovate/Protect, Inc.
99.3
Risk Factors Relating to Innovate/Protect, Inc.
99.4
Innovate/Protect, Inc. Management's Discussion and Analysis of Financial Condition and Results of Operations
99.5
Innovate/Protect, Inc. audited consolidated balance sheet as of December 31, 2011, the related consolidated statement of income, statement of stockholders' equity and statement of cash flows for the period from June 8, 2011 (Inception) to December 31, 2011, and related notes thereto
99.6
Innovate/Protect, Inc. unaudited condensed consolidated balance sheet as of March 31, 2012, the related condensed consolidated statement of income, statement of stockholders' equity and statement of cash flows for the three month period ended March 31, 2012, and related notes thereto
99.7
Unaudited pro forma combined financial information (previously filed as Exhibit 99.1 to the Company's Current Report on Form 8-K  filed with the SEC on June 19, 2012)
9
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VRINGO, INC.
Dated: July 20, 2012
By:
/s/ Andrew D. Perlman
Name:
Andrew D. Perlman
Title:
Chief Executive Officer
10