Exhibit 10.22 [COPYTELE, INC. LETTERHEAD]

 

 

September 9, 2010

Videocon Industries Limited

2nd Floor, Fort House, D.N. Road

Fort, Mumbai 400 001 (INDIA)

 

Dear Sirs:

With respect to the installments of the Technology Transfer Fee scheduled to be paid by February 16, 2009, November 16, 2009 and August 16, 2010, under the Amended and Restated Technology License Agreement between Videocon Industries Limited (“Videocon”) and CopyTele, Inc. (“CopyTele”), dated May 16, 2008 (the “License Agreement”), CopyTele hereby waives the February 16, 2009, November 16, 2009 and August 16, 2010 due dates for such installment payments on the condition (i) that Videocon make an additional payment of such installments of $300,000 no later than November 1, 2010, and (ii) that Videocon and CopyTele agree upon a mutually acceptable payment schedule for the balance of such installments prior to December 15, 2010.  Except as specifically set forth herein, all terms and condition s of the License Agreement shall remain unchanged and shall continue to be valid and binding upon the parties thereto.

	Sincerely,
	COPYTELE, INC.
	By:	/s/ Denis A. Krusos
		Denis A. Krusos
		Chairman and C.E.O.