Letter Agreement Regarding Payment and Addition of Associate under Joint Cooperation Agreement between CopyTele, Inc. and Futaba Corporation
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Summary
CopyTele, Inc. and Futaba Corporation confirm that Futaba will pay CopyTele $3 million within ten days as part of their existing agreement for developing and commercializing Field Emission Display modules. The letter also adds the Moscow Institute of Physics and Technology Center of Advanced Field Emission as an associate under the agreement. Both parties have signed to acknowledge these terms.
EX-10.13 3 a1-29ex10_13.txt Exhibit 10.13 [CopyTele Logo] January 11, 2002 Futaba Corporation 629 Oshiba, Mobara-shi Chiba-ken ###-###-####, Japan Attention: Mr. Hiroaki Kawasaki Dear Mr. Kawasaki: CopyTele, Inc. and Futaba Corporation are parties to a Joint Cooperation Agreement for Field Emission Displays, dated as of June 13, 2001 (the "Agreement"), for the development and commercialization of Field Emission Display modules. This is to confirm that Futaba will pay to CopyTele, within ten days of the date of this letter agreement, the sum of $3 million as part of the compensation payable by Futaba pursuant to Section 6.2 of the Agreement. Pursuant to Section 1.8 of the Agreement, Futaba hereby adds Moscow Institute of Physics and Technology Center of Advanced Field Emission as its Associate under the Agreement. Sincerely, COPYTELE, INC. By: /s/ Denis A. Krusos ------------------------------------- Denis A. Krusos Title: Chairman and C.E.O. ---------------------------------- Accepted and Agreed to: FUTABA CORPORATION By: /s/ Hiroaki Kawasaki --------------------------------------- Hiroaki Kawasaki Title: Managing Director ------------------------------------ [CopyTele Letterhead]
