License to KickApps Corporation Sample Clauses

License to KickApps Corporation. Purchaser acknowledges and agrees that the Purchased Assets are subject to a royalty-free, irrevocable, perpetual, worldwide license to use certain of the Purchased Assets in favor of KickApps Corporation, subject to the terms and conditions of that certain Intellectual Property License Agreement and Option for Asset Purchase entered into by and between Seller and KickApps Corporation, dated as of November 19, 2010 (“License-Back”), a true and correct copy of which has been provided to Purchaser (the “KickApps Agreement”). Notwithstanding anything to the contrary in this Agreement and the KickApps Agreement, the Seller hereby represents and warrants to the Purchaser that (i) the Seller has the right to sell and transfer the Purchased Assets to the Purchaser and (ii) upon the consummation of this Agreement, the Purchaser shall have the right to sell and transfer the Purchased Assets to any subsequent purchaser subject to the execution of a License Back by that subsequent purchaser.
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