Agreement Regarding Consideration Sharing Under Allegro Trademark Licensing Agreement Between Sanken Electric Co., Ltd. and Allegro MicroSystems, Inc. (December 28, 2006)

Contract Categories: Intellectual Property › License Agreements
Summary

Sanken Electric Co., Ltd. and Allegro MicroSystems, Inc. entered into an agreement on December 28, 2006, to share certain payments related to their Allegro Trademark Licensing Agreement. Both companies agreed to split the specified consideration equally. Allegro will reimburse Sanken for its share of the payment, which Sanken will pay to Sharp on Allegro's behalf, following mutually agreed procedures. This agreement clarifies the financial responsibilities between the parties regarding the trademark license.

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EX-10.24 10 b65742a3exv10w24.txt EX-10.24 AGREEMENT, DATED DECEMBER 28, 2006, BETWEEN SANKEN ELECTRIC CO., LTD EXHIBIT 10.24 CONFIDENTIAL MATERIALS OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. THE LOCATIONS OF THE OMITTED MATERIALS ARE INDICATED BY THE FOLLOWING NOTATION: [***]. Agreement Sanken Electric Co., Ltd. ("Sanken") and Allegro MicroSystems, Inc. ("Allegro") agreed as follows concerning the certain terms of the Licensing Agreement for "Allegro Trademark" dated on December 28, 2006. WITNESSETH 1. Sanken and Allegro shall share the consideration for this agreement in Article 3 ([***]) by splitting fifty-fifty. 2. Allegro shall reimburse to Sanken the Allegro's portion of the consideration in the preceding paragraph ([***]), of which Sanken shall pay to Sharp on behalf of Allegro, in the way to be discussed and agreed with Sanken. In witness whereof, this Agreement has been prepared by Sanken and Allegro, the both party shall each retain one part. December 28, 2006 Sanken 3-6-3, Kitano, Niza-shi, Saitama Sanken Electric Co., Ltd. /s/ Hirohito Sekine -------------------------------------------- Hirohito Sekine Director and Executive Vice President Allegro 115 Northeast Cutoff, Worcester, Massachusetts 01606 Allegro MicroSystems, Inc. /s/ Fred Windover -------------------------------------------- Vice President and General Counsel Fred Windover