Extension Agreement to Technology License Agreement between LeapFrog Enterprises, Inc. and Anoto AB/Anoto Group AB
LeapFrog Enterprises, Inc. and Anoto AB (including Anoto Group AB) have agreed to extend the term of their existing Technology License Agreement (TLA) until December 31, 2023. LeapFrog is allowed to continue using any remaining pre-paid royalties during this extended period. The agreement is confirmed by both parties signing this letter.
Exhibit 10.01
August 20, 2015
Stein Revelsby
Chief Executive Officer
Anoto AB
Re: Extension of Term of TLA
Dear Mr. Revelsby:
LeapFrog Enterprises, Inc. (“LeapFrog”), on the one hand, and Anoto AB and Anoto Group AB (“Anoto”) on the other hand, are parties to a Technology License Agreement dated January 25, 2004, as subsequently amended by written agreement (the “TLA”).
Pursuant to recent discussions, LeapFrog and Anoto agree that the Set Term of the TLA is hereby extended to December 31, 2023. For the avoidance of doubt, LeapFrog may continue to make use of the remaining balance of pre-paid royalties during this extension of the term.
Please indicate your agreement to the foregoing by returning a countersigned copy this letter to LeapFrog.
Sincerely,
/s/ John Barbour
John Barbour
Chief Executive Officer
LeapFrog Enterprises, Inc.
| Accepted and agreed: | Accepted and agreed: | |||
| Anoto AB | Anoto Group AB | |||
| By: | /s/ Stein Revelsby | By: | /s/ Stein Revelsby | |
| Name: | Stein Revelsby | Name: | Stein Revelsby | |
| Title: | CEO | Title: | CEO | |
Phone | 510 ###-###-####
6401 Hollis Street, Suite 100
Emeryville, CA ###-###-####
