Marketing License Agreement Authorization Letter between Summus, Ltd., High Speed Net Solutions, Inc., and Samsung Electronics (March 25, 1999)

Contract Categories: Intellectual Property › License Agreements
Summary

Summus, Ltd. and High Speed Net Solutions, Inc. (HSNS) have agreed that HSNS will act as the exclusive representative for Summus in all commercial discussions and negotiations with Samsung Electronics regarding Summus' video streaming product and other technologies. HSNS is authorized to be the sole point of contact on behalf of Summus for these matters. This arrangement is intended to streamline communications and negotiations between the companies.

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EX-10.17 17 ex10-17.txt LETTER TO SAMSUNG ELECTRONICS DATED 3/25/99 1 March 25, 1999 Mr. Hank Byun Samsung Electronics 105 Challenger Road Ridgefield Park, NJ 07660 Dear Hank: The purpose of this letter is to confirm that Summus, Ltd. and High Speed Net Solutions, Inc. (HSNS) have entered into a marketing license agreement. This agreement authorizes HSNS to act solely, on behalf of Summus, Ltd., as the point of contact for all commercial discussions and negotiations with Samsung relating to Summus' video streaming product. For purposes of these negotiations with Samsung, HSNS will also represent Summus Ltd. with regard to Summus' other products and technology. We are confident that this arrangement will help to ensure a prosperous relationship between all our companies. Thank you for the opportunity to clarify this point with you. Best regards, Summus, Ltd. High Speed Net Solutions, Inc. /s/ Daniel E. Stansky /s/ Peter R. Rogina - ----------------------- ------------------------------ Daniel E. Stansky Peter R. Rogina Chief Operating Officer President