Amendment to MPEG-4 Visual Patent Portfolio License (January 1, 2009)
This amendment updates the MPEG-4 Visual Patent Portfolio License, effective January 1, 2009, by setting new maximum royalty payment limits for the years 2009 through 2013. The amendment specifies the capped royalty amounts payable under various sections of the original license for each year, with different limits depending on the licensee's selected options. The amendment is made pursuant to the terms of the original license and applies to all licensees under this agreement.
Exhibit 10.19
| MPEG-4 VISUAL PATENT PORTFOLIO LICENSE | JANUARY 1, 2009 |
ATTACHMENT
ADDENDUM REGARDING 01 JANUARY 2009 LICENSE RENEWAL
AMENDMENT
The renewed MPEG-4 Visual Patent Portfolio License, effective January 1, 2009, is amended pursuant to Section 6.1 as follows:
For the period commencing January 1, 2009 and ending December 31, 2009, the maximum royalty payable in:
| • | Section 3.1.1(ii) shall be $1,100,000; |
| • | Section 3.1.2(ii) shall be $1,100,000; |
| • | Sections 3.1.3, 3.l.4, 3.1.5 and 3.1.6 shall be $3,300,000; and |
| • | Section 3.1.7(a) or (b) shall be $3,300,000 ($6,600,000 if both options (a) and (b) are elected). |
For the period commencing January 1, 2010 and ending December 31, 2010, the maximum royalty payable in:
| • | Section 3.1.1(ii) shall be $1,200,000; |
| • | Section 3.1.2(ii) shall be $1,200,000; |
| • | Sections 3.l.3, 3.1.4, 3.1.5 and 3.1.6 shall be $3,600,000; and |
| • | Section 3.1.7(a) or (b) shall be $3,600,000 ($7,200,000 if both options (a) and (b) are elected). |
For the period commencing January 1, 2011 through the term of the License ending December 31, 2013, the maximum royalty payable per year in:
| • | Section 3.1.1(ii) shall be $1,250,000; |
| • | Section 3.1.2(ii) shall be $1,250,000; |
| • | Sections 3.l.3, 3.1.4, 3.1.5 and 3.1.6 shall be $3,750,000; and |
| • | Section 3.1.7(a) or (b) shall be $3,750,000 ($7,500,000 if both options (a) and (b) are elected). |
