Amendment to Master License Agreement between NetQin Mobile Inc. and Cellular Spyware Inc. (July 20, 2010)
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Summary
This amendment updates the licensing agreement between NetQin Mobile Inc. and Cellular Spyware Inc. It extends Cellular Spyware's exclusive master license for offline retail sales of NetQin's software for five years, with a set price of $6 per one-year license. The agreement sets minimum annual sales targets, and NetQin can terminate exclusivity if these are not met. Cellular Spyware must use NetQin as its sole mobile and antivirus software provider and cannot sublicense the product except to OPMG. All other terms of the original agreement remain unchanged.
EX-10.21 14 opmg_ex1021.htm AMENDMENT TO MASTER LICENSE AGREEMENT opmg_ex1021.htm
EXHIBIT 10.21
July 20, 2010
DOCUMENT: CSI/PG/NETQIN-2010-9988
Cellular Spyware Inc.
6574 North State rd. Suite 278
Coconut Creek FL 33073
(877) 797-7274
NetQin Mobile Inc. c/o CARD Corporation Services Ltd. of Zephyr House
122 Mary Street P.O. Box 709 Grand Cayman KY 1-1107 Cayman Islands
Re:
Amendment to Master License Agreement CSI/PG/20090820/88866 Aug 20, 2009
Dear Alex,
This letter sets forth the agreement with regard to the following amendments to that certain International Licensing Agreement (the “Agreement”) dated August 20, 2009 by and between NetQin Mobil Inc. (“Licensor”) and Cellular Spyware, Inc. (“Original Licensee”) Master License Agreement CSI/PG/20090820/88866
TERM
This amendment is to extend the CSI exclusive master license for a period of Five Years, (5) for offline retail sales channels.
PRICING:
Pricing will be $6.00 (USD) per one year license for retail sales.
Pricing for carrier or insurance carrier 10 million customers or more will be
Set and adjusted at time of contract negotiation with that entity.
CSI will make its monthly accounting transparent to Netqin for review.
The exclusive right may be terminated by the licensor if the licensee fails to sell a minimum of 100,000 licenses within the first six months, or 500,000 licenses within the first nine months within the first year.
The exclusive right may be terminated by the licensor if the licensee fails to sell a minimum of amount of licenses as specified below:
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| Year One, | 1 million licenses | |
| Year Two, | 2 million licenses | |
| Year Three | 5 million licenses | |
| Year Four | 8 million licenses | |
| Year Five | 10 million licenses |
TOTAL FOR FIVE YEARS 26 MILLION LICENSES @ $6.00 = $156,000,000
USD150,000 pre-paid to the licensor is not deductable from future revenue.
EXCLUSIVETY
CSI agrees to make Netqin its sole mobile and anti virus software provider. Netqin has the right to terminate the exclusive right, if CSI sublicense Netqin’s product to any other party besides OPMG.
PRODUCT
CSI agrees to sell Netqin brand product to Brazil in separate contract.
CONDITIONS
All conditions of Master License CSI/PG/20090820/88866 will remain the same.
| LICENSEE: Cellular Spyware Inc. Agreed to: | LICENSOR: NetQin Mobile Inc. Agreed to: | ||
| /s/ Anthony Sasso | /s/ Alex Zhou | ||
| By: Anthony Sasso | By: Alex Zhou (a.k.a. Zhou, Yuan) | ||
| President | Director of Overseas Marketing | ||
| With full Corporate and | With full Corporate and | ||
| Irrevocable Authority & Responsibility | Irrevocable Authority & Responsibility |
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