Common use of Inbound and Outbound Licenses Clause in Contracts

Inbound and Outbound Licenses. (i) Section 4.12(b)(i) of the Company Disclosure Letter lists, as of the date hereof, all license agreements and other contracts material to the conduct of Company’s business as it is currently conducted pursuant to which Company has the right to practice, use, copy or otherwise exploit any Intellectual Property owned by third parties (“Inbound Licenses”), provided, however, that Section 4.12(b)(i) of the Company Disclosure Letter need not list Inbound Licenses that are (i) included as “standard equipment” on any computers acquired by Company or (ii) consist of any Open Source Software or standard end-user license contracts for off-the-shelf software not in excess of $5,000 per seat.