/s/ BRUCEMCWILLIAMS
Exhibit 10.31
[LOGO] TESSERA
Tessera Technologies, Inc. 3099 Orchard Drive San Jose, CA 95134 Phone 408 ###-###-#### Fax 408 ###-###-#### |
January 1, 2003
Mr. Philip Dauber
27930 Roble Alto
Los Altos Hills, CA 94022
Re: Extension of Consulting Agreement, dated December 2, 1999 (the Agreement)
Dear Phil:
The purpose of this letter is to extend the term of the Agreement between you and the Company to December 31, 2003 effective on the date of this letter.
In addition, the payment required are changed to provide an hourly fee of $350, with a minimum monthly billing of $2,500 and a maximum monthly billing of $7,500. Further, the maximum billing for calendar year 2003 will be $70,000. Consulting services provided under the Agreement will be at my request, and are separate and distinct from your duties and services as a Director of Tesseras Board.
If you agree with this amendment, please indicate your acceptance by signing the enclosed copy of this letter and returning it to me.
Yours very truly, | AGREED AND ACCEPTED: | |||||
By: | /s/ BRUCE MCWILLIAMS | /s/ PHILIP DANBER | ||||
Its: | Chairman and CEO | Signature |