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TECHNOLOGY LICENSE AGREEMENT
This Technology License Agreement (the "Agreement"), dated as of May 19, 2000,
is between 8x8, Inc., a Delaware corporation ("Licensor"), and Interlogix, Inc.,
a Delaware corporation ("Licensee").
RECITALS
Licensor and Licensee have entered into an Asset Purchase Agreement under which
Licensor has agreed to sell, and Licensee has agreed to buy the Business (as
defined below) of Licensor.
The continued operation of the Business depends on (among other things)
Licensee's ability to use certain technology and intellectual property
associated with the Business. Therefore, in connection with the acquisition,
Licensee needs to acquire, and Licensor is willing grant, the following
licenses.
AGREEMENT
Section 1. Consideration. The consideration for this Agreement is the promises
contained herein and the consideration provided pursuant to the Asset Purchase
Agreement.
Section 2. Definitions.
2.1. "Asset Purchase Agreement" means the asset purchase agreement
between the parties dated the Effective Date.
2.2. "Business" means Licensor's business of the designing, developing,
manufacturing and selling Licensor Products.
2.3. "Core Software" means (a) all software included in the Reference
Designs and (b) those portions of the Licensed Software that were used by
Licensor in its videoconferencing business on or before the Effective Date.
2.4. "Documentation" means manuals and other materials, drawings, plans,
designs, specifications, instructions, models, blueprints, records, data,
diagrams, schematics, circuit drawings, bills of materials, manufacturing books,
manufacturing flows, test data and instructions, software ROMs, development
tools, documents relating to training and regulatory testing and approvals in
any medium, related to the Licensed Technology. For Licensed Technology that
exists on the Effective Date, Documentation is limited to presently available
documentation, in its existing form. Documentation will include any of the
foregoing associated with upgrades provided pursuant to Section 4.1.
2.5. "Effective Date" means the date set forth in the opening paragraph
of this Agreement.
2.6. "Field of Use" means remote monitoring, security and telemedicine,
without geographical limitation. "Security" means equipment or services for
physical security for
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persons and tangible property, such as anti-intrusion, anti-theft, fire,
burglary, and audio and/or video monitoring.
2.7. "Intellectual Property" means any patents and patent applications,
know how, processes, designs, industrial design rights, trademarks, service
marks, trade names, trade dress, copyrights, mask works, trade secrets,
inventions and technology (whether or not patentable), confidential and
proprietary information, domain names, software, databases and other collections
and compilations of data, rights of publicity/privacy, or other intellectual
property.
2.8. "Licensed Products" means any system level products (e.g., products
ready for sale to an end-user) or board level products (e.g., functionally
completed products that, with the addition of a casing or a similar exterior,
are ready for sale to an end-user) designed for or sold in the Field of Use, and
related Documentation.
2.9. "Licensed Software" means all versions of the source code, object
code, and related Documentation contained in the Licensor Products and Reference
Designs.
2.10. "Licensed Technology" means the Licensor Products, the Licensed
Software, the Reference Designs and the Documentation.
2.11. "Licensor Products" means Licensor's remote surveillance module
("RSM") products, which exist as of the Effective Date, and related
Documentation, which are the following: RS-232Pod, RSM-700, RSM-1500, RSM-1500E,
RSM-1500xp, RSM-1600 (including version 2.4), RSM-3000, VC1050 and, when
completed, RSM-2000.
2.12. "Licensor Semiconductors" means Licensor's LVP, VCP, and VCPex
semiconductors and any other semiconductors Licensor makes available to its
videoconferencing OEMs for videoconferencing applications which could be used in
Licensed Products. Licensor Semiconductors includes semiconductors made pursuant
to Licensee's exercise of its rights under the Supply Agreement. Licensor
Semiconductors do not include the Licensed Software.
2.13. "Products" means Licensor Products and Licensed Products.
2.14. "Reference Designs" means the DVC-9 reference design (for H.320
and H.324 on the VCP and LVP semiconductors respectively), the DVC-10 reference
design (for H.320 and H.323 on the VCPex semiconductor), and any new or future
reference designs that Licensor makes available for videoconferencing
applications within 3 years of the Effective Date, including, in all cases, all
applicable design information and related Documentation.
2.15. "Supply Agreement" means the Supply Agreement between the parties
dated the Effective Date.
2.16. "Third Party License Agreements" means the agreements set forth in
Schedule 5.5 hereto.
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2.17. "Transaction Documents" has the meaning set forth in the Asset
Purchase Agreement.
2.18. "Useful Patents" means the patents listed in Schedule 2.18 hereto.
Section 3. License.
3.1. License Grants. Licensor grants Licensee a perpetual, irrevocable,
fully-paid, worldwide license in the Field of Use under all of Licensor's
Intellectual Property, solely to do the following:
3.1.1. Products. To make, have made, reproduce, modify, have
modified, sell, offer, distribute, import, export, and use Products. This
license is sole and exclusive to Licensee with respect to Licensor Products. The
use of Documentation, Licensed Software, Reference Designs and Licensor
Semiconductors in connection with the foregoing is subject to the terms and
conditions set forth below.
3.1.2. Documentation. To reproduce, have reproduced, modify, have
modified, incorporate into other materials prepared by or for Licensee, and use
the Documentation, in whole or in part, by any means now known or developed in
the future. This license is sole and exclusive to Licensee with respect to (a)
Documentation relating solely to Licensor Products, and (b) Documentation solely
related to the Licensed Software other than the Core Software.
3.1.3. Licensed Software. To use, reproduce, modify, have modified
the Licensed Software and to distribute the Licensed Software in object code
only. Source code of Licensed Software may not be distributed to any third party
except as provided for in Section 3.1.5. (For purposes of exercise of the
License (Section 3), providing a copy of Licensed Software or other licensed
material to someone who is modifying the material for Licensee (e.g., a contract
programmer) or using, reproducing, or making the material for Licensee (e.g., a
contract manufacturer) is not a distribution.) Licensed Software may only be
distributed as installed on Licensor Semiconductors. This license is sole and
exclusive to Licensee except with respect to Core Software.
3.1.4. Reference Designs. To use, reproduce, modify and have
modified the Reference Designs. This license is non-exclusive and may not be
sublicensed.
3.1.5. Sublicensing.
Licensee may sublicense the rights granted pursuant to Sections 3.1.1,
3.1.2 and 3.1.3 subject to the following restrictions: (a) source code and
Documentation for Reference Designs may not be sublicensed or distributed; (b)
source code for Licensed Software other than Reference Design software may not
be sublicensed or distributed without Licensor's prior written consent except to
third parties to whom Licensee may assign this Agreement without Licensor's
consent as provided for in Section 9.3; and (c) the sublicense must be subject
to a written agreement which is consistent with the terms and conditions set
forth herein, no less
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restrictive, and (d) the written agreement must make Licensor a third-party
beneficiary with respect to restrictions on sublicensee's use of the Licensed
Technology, and Licensee must provide Licensor with a copy of such agreements.
To the extent a sublicensee requires Licensor Semiconductors to
manufacture Products, Licensee may sell Licensor Semiconductors on a stand-alone
basis to sublicensees solely for inclusion in Products, provided: (i) Licensee
imposes the same restrictions on sublicensees as are applicable to Licensee with
respect to Licensor Semiconductors as set forth herein and in the Supply
Agreement; (ii) Licensee obtains Licensor's prior written permission, which
Licensor will not withhold unreasonably; (iii) Licensor shall have no
responsibility whatsoever to any sublicensees (e.g., no representations,
warranties, support, etc.); and (v) sublicensees must use the Licensor
Semiconductors with software provided by Licensee as further modified by
sublicensee.
3.1.6. Service Providers. Notwithstanding anything herein to the
contrary, Licensee may provide Licensed Technology (including source code) to a
third party under contract with Licensee to provide services to Licensee (a
"Service Provider") provided that Licensee contractually requires the Service
Provider (a) to use the Licensed Technology solely for and on behalf of
Licensee, (b) not to provide the Licensed Technology to any third party, (c) to
treat all confidential information relating to the Licensed Technology as
confidential information only for use for the benefit of Licensee, and (d) to
otherwise use the Licensed Technology in a manner consistent with the this
Agreement, and provided that the contract makes Licensor a third-party
beneficiary with respect to restrictions on the Service Provider's use of the
Licensed Technology.
3.1.7. Trademark. To use the "8x8" trademark and logo, as further
described in Schedule 3.1.6 (each a "Xxxx"), in connection with the sale and
distribution of Licensor Products and related services for 1 year after the
Effective Date. All uses shall be consistent with the guidelines set forth in
Schedule 3.1.6. Deviations therefrom shall be subject Licensor's approval, which
approval will not be unreasonably withheld. Licensor will not take any action
that will adversely effect Licensee's rights pursuant to this section (e.g.,
ceasing to maintain Xxxx). This right may not be sublicensed.
3.1.8. Right to Enforce. To the extent not otherwise provided by law
or this Agreement, Licensor grants Licensee the right to enforce all
Intellectual Property rights in Licensed Technology with respect to areas in
which Licensee has an exclusive license hereunder, provided that Licensee first
notifies Licensor of any such infringement and Licensor fails to initiate an
infringement action within a reasonable amount of time, not to exceed 180 days
after such notice, or in the case of infringement by a Licensor customer, 90
days. Each party will cooperate with the other in any such enforcement. If
Licensee wishes to exercise its right to initiate a suit or action under this
section, but lacks standing to do so or is required by law to join Licensor,
then Licensee may cause Licensor to initiate such a claim or join Licensor, as
applicable; provided, however, that Licensee has sole control of the prosecution
and settlement of such suit or action and Licensee indemnifies and holds
harmless Licensor
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from all consequent liability and promptly reimburses all reasonable expenses
(including attorney's fees) of Licensor.
3.2. Improvements. Licensee shall have all right, title, and interest in
any Intellectual Property in any improvements Licensee makes to the
Documentation, Licensed Technology, or Products; provided that Licensor retains
all rights in the Licensed Technology.
3.3. Rights Not Granted to Licensee. Notwithstanding anything herein to
the contrary, this Agreement does not grant Licensee the right to: (a) make,
have made, reproduce, modify, have modified Licensor Semiconductors except as
provided for in the Supply Agreement; (b) sell, offer, distribute, import or
export Licensor Semiconductors other than in Products or as provided for in
Section 3.1.5; or (c) sell, offer, distribute, sublicense, import or export
Licensed Software, or any derivative works thereof, except in connection with
Products containing Licensor Semiconductors, and in the case of code, installed
on Licensor Semiconductors.
3.4. Licensor Rights and Restrictions. Licensor will not sell, license
or otherwise provide Licensor Products or Licensed Software, other than Core
Software, to any other company, person or entity. In addition, for three years
following the Effective Date, Licensor will not (i) enter into any development
agreements for Licensed Products with any other company, person or entity
operating primarily in the Field of Use, or that owns a division operating
primarily in the Field of Use (ii) own, invest in (other than ownership of not
more than two percent of a publicly traded company), manage, operate or control
any business which at any relevant time during such three year period operates
primarily in the Field of Use, (iii) assist any company, person, or entity in
developing Products in the Field of Use, other than regular applications
engineering support provided to OEMs for videoconferencing products, or (iv)
sell, license, or otherwise provide Licensed Products containing Licensor
Semiconductors. For purposes of this Section 3.4 only, the Field of Use shall
not include applications including audio transmission over data networks (e.g.,
Voice-over-Internet Protocol). Notwithstanding anything in the Transaction
Documents (other than this Section 3.4) to the contrary, Licensor may (x) use
the Core Software for any purpose, (y) enter into development agreements
concerning products outside the Field of Use and (z) use Licensor Semiconductors
for any purpose other than for the sale of Licensor Products. Except as
otherwise set forth in the Transaction Documents, Licensor retains all rights
and ownership in its technology and Intellectual Property.
Section 4. Maintenance and Support.
4.1. Upgrades. Licensor will promptly notify Licensee about, and upon
request, make available to Licensee, without cost to Licensee for 3 years from
the Effective Date, all releases (including alpha and beta releases) of upgrades
and enhancements of any kind (including both audio and video) to the Licensed
Software or Reference Designs that Licensee offers or provides to its
videoconferencing OEM customers for videoconferencing applications, except for
any upgrade or enhancement that is specially developed and paid for by a
specific customer. After 3 years, Licensor shall offer all such upgrades to
Licensee on the most
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favorable terms provided to any of its videoconferencing OEM customers. In the
event Licensor offers defect and error correction services pursuant to a
maintenance agreement to any of its videoconferencing OEM customers, Licensor
shall offer such services to Licensee on the most favorable terms provided by
Licensor to any such videoconferencing OEM customers.
4.2. Training. Licensor will provide the following training at no cost
to Licensee for as many engineers or other personnel as Licensee desires: (a)
one week of full training on the Licensed Software, Reference Designs, at a date
to be mutually agreed; and (b) 40 hours of additional training and support as
requested by Licensee. Licensor will provide support and training in addition to
that described above, on an as available basis, at the rate of $200 per hour, as
requested by Licensee. Licensee will be responsible for all of Licensee's costs
incurred in connection with any such training (e.g., travel expenses, telephone
expenses, etc.).
Section 5. Representations and Warranties. Licensor represents and warrants
that:
5.1. The Licensed Technology encompasses all Licensor owned materials
necessary to enable Licensee to manufacture Licensor Products. Other than
materials readily available on the open market, the Licensed Technology is the
only material Licensee needs to manufacture Licensor Products, provided,
however, that Licensee understands and agrees that other materials (such as
physical assets such as a foundry, presses, raw materials, etc.) are necessary
to utilize the Licensed Technology in the manufacture of Licensed Products.
5.2. The Licensed Software, including any Upgrades, will be provided in
the same manner as they have been used by Licensor prior to the Effective Date
and are (i) free from viruses, worms and other such harmful code, (ii) fit for
use in Licensor Semiconductors in Licensor Products, and (iii) in conformity, in
all material respects, to Licensor's specifications existing on May 1, 2000,
and, for any upgrade, Licensor's specifications for such upgrade.
5.3. Licensor has not licensed to any third party any right, that is
inconsistent with the terms of this Agreement.
5.4. Licensor has the right to grant the licenses contained in this
Agreement. Licensor's signing and performance of this Agreement does not violate
any agreement in which Licensor is a party.
5.5. Except for the Intellectual Property licensed pursuant to the
agreements set forth in Schedule 5.5, Licensor has all right, title and interest
in the Licensed Technology and in all Intellectual Property (excluding third
party patents) therein. Licensor is not in breach of any such agreement. To
Licensor's knowledge, there exists no breach of such agreements by any other
party thereto.
5.6. Except as set forth in Schedule 5.6, Licensor has received no
notice from a third party that the Licensed Technology infringes the
Intellectual Property rights of such third party, and to Licensor's knowledge,
no such infringement exists.
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5.7. To Licensor's knowledge, neither Licensor's performance of this
Agreement nor Licensor's grant to Licensee of the licenses hereunder violate any
law or regulation (including federal, state, local, and foreign).
5.8. Licensor does not have any pending claim that a third party has
infringed, diluted, misappropriated or otherwise violated any Licensed
Technology, and Licensor is not aware of any basis for such a claim.
5.9. Licensor has taken commercially reasonable steps that are required
to protect Licensor's rights in material trade secrets, know how or other
confidential or proprietary information (including, without limitation source
code) related to the Licensed Technology. Without limiting the foregoing,
Licensor has, and enforces, a policy requiring each employee, consultant and
contractor to execute proprietary information, confidentiality and assignment
agreements, except where the failure to do so would not have a material adverse
effect on Licensor's interest in the Licensed Technology.
5.10. EXCEPT AS OTHERWISE PROVIDED IN THE TRANSACTION DOCUMENTS,
LICENSOR MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, INCLUDING
BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY
PARTICULAR PURPOSE, WITH RESPECT TO INTELLECTUAL PROPERTY OR SERVICES PROVIDED
HEREUNDER, AND LICENSOR HEREBY DISCLAIMS THE IMPLIED WARRANTIES AND CONDITIONS
OF, SATISFACTORY QUALITY, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE
WITH RESPECT THERETO.
Section 6. Indemnification.
6.1. By Licensor. Licensor will defend, indemnify and hold harmless
Licensee and its affiliates and their respective directors, officers, employees
and agents against losses, liabilities, damages, actions, claims, judgments,
costs and expenses (including reasonable attorney's fees and all other expenses
incurred in investigating, preparing or defending any litigation or proceeding,
commenced or threatened or the enforcement of this Section) ("Losses") to the
extent relating to (a) a breach of any representation or warranty of Licensor
contained herein, or (b) a claim that that the Licensed Technology infringes the
Intellectual Property of another party, except to the extent Licensee is
obligated to indemnify Licensor pursuant to Section 6.2 or such claim is based
on infringement of the Useful Patents.
6.2. By Licensee. Licensee will defend, indemnify and hold harmless
Licensor and its affiliates and their respective directors, officers, employees
and agents against Losses to the extent relating to (a) a breach of any
representation or warranty of Licensee contained herein, (b) a claim that (i)
any improvement, modification, or upgrade to the Licensed Technology by
Licensee, or (ii) any combination of the Licensed Technology with technology
provided by Licensee, infringes the Intellectual Property of another party,
except to the extent Licensor is obligated to indemnify Licensee pursuant to
Section 6.1 or such claim is based on infringement of the Useful Patents.
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6.3. Other Remedies. If any third party claim of infringement materially
disrupts Licensee's quiet enjoyment and use of the Licensed Technology, Licensor
shall do one of the following, at Licensor's selection and at no cost to
Licensee, (a) replace the infringing technology with functionally equivalent and
noninfringing technology; (b) modify the infringing technology to avoid the
infringement, while maintaining its functional equivalence; or (c) obtain a
license for Licensee, at no cost to Licensee, to continue to use the infringing
technology.
6.4. Procedure. The procedures set forth in Section 4.3 of the Asset
Purchase Agreement shall apply to each party's indemnification obligations
pursuant to this Section 6.
6.5. Limitations on Liability.
6.5.1. No action or claim by Licensee for a breach of warranty or
representation or for indemnification pursuant to Section 6 may be brought or
made after the date that is 18 months following the Effective Date, except that
such time limitation shall not apply to claims which have been subject to a
written notice from the indemnified party to the indemnifying party prior to the
expiration of such 18 month period, which notice will specify in reasonable
detail the nature of the claim. In no event will Licensor have liability for any
claims mentioned above in excess of $2,000,000, in the aggregate, including,
without limitation, any expenditures by Licensor in connection with its exercise
of remedies under Section 6.3. This $2,000,000 limit is independent of any
monetary limits on indemnification set forth in any other Transaction Document.
The foregoing limitation shall not apply to claims to the extent based on
willful and intentional breaches of the above referenced representations and
warranties.
6.5.2. No action or claim by Licensor for breach of warranty or
representation or for indemnification pursuant to Section 6 may be brought or
made after the date that is 18 months following the Effective Date, except that
such time limitation shall not apply to claims which have been subject to a
written notice from the indemnified party to the indemnifying party prior to the
expiration of such 18 month period, which notice will specify in reasonable
detail the nature of the claim. In no event will Licensee have liability for any
claims mentioned above in excess of $2,000,000, in the aggregate.
6.6. Exclusive Remedy. The indemnification set forth in this Section 6
shall be the exclusive remedy of either party for the breach of a representation
or warranty of the other party set forth in this Agreement except for claims
relating to fraud.
Section 7. Exclusion of Damages; Limitation of Liability.
IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR (A) DAMAGES IN EXCESS OF $4,000,000
(WHICH INCLUDES THE $1,000,000 CAP OF SECTION 4.4OF THE ASSET PURCHASE AGREEMENT
AND THE $2,000,000 CAP OF SECTION 6.5 HEREOF), OR (B) INDIRECT, INCIDENTAL,
CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING, WITHOUT LIMITATION, LOSS
OF REVENUES OR LOSS OF PROFITS, WHICH DAMAGES UNDER (A) OR (B) - ARISE OUT OF OR
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RELATE TO THIS AGREEMENT, REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT
OR IN TORT, EVEN IF THE BREACHING PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF
SUCH DAMAGES. THESE EXCLUSIONS AND LIMITATIONS DO NOT APPLY TO FRAUD OR WILLFUL
BREACHES.
Section 8. Term; Breach, Remedies. This Agreement shall commence on the
Effective Date and continue in perpetuity. Each party acknowledges that that a
breach by either party of Section 3 will result in irreparable harm to the
other, which is not compensable by money damages. Therefore, in the event of
such a breach, each party hereby acknowledges that the other will be entitled to
injunctive relief and/or specific performance. Cancellation, revocation, or
other termination of the Licenses under this Agreement shall never be a remedy
for breach.
Section 9. General.
9.1. Further Assurances; Cooperation. After the date hereof, each party
hereto will execute and deliver such further instruments and documents and
perform such acts as may be reasonably necessary or appropriate to cause the
satisfactory completion and consummation of the transactions contemplated by
this Agreement.
9.2. Relationship of Parties. Licensor and Licensee are independent
contractors. Nothing in this Agreement shall be construed to create a
partnership, joint venture, employment or agency relationship between them.
Neither party has any express or implied right or authority to assume or create
any obligations on behalf of the other or to bind the other to any contract,
agreement or undertaking with any third party. Nothing in this Agreement will be
construed to make either party liable for the obligations, acts or activities of
the other.
9.3. Assignment. Except as hereinafter contemplated, this Agreement and
the rights of the parties hereunder may not be assigned by any party without the
prior written consent of the other parties, which consent will not be
unreasonably withheld. Notwithstanding the foregoing, Licensee may assign this
Agreement in its entirety to a third party without Licensor's consent: (a) to
any third party operating primarily in the Field of Use or which owns a division
operating primarily in the Field of Use, or (b) in connection with the sale of
all or substantially all of the assets or stock of Licensee to such third party
or a merger of Licensee with or into such third party, provided that in any such
case, the third party and any division of the third party does not compete with,
or have a product line which competes with Licensor in the field of
microprocessors for (i) videoconferencing or (ii) audio transmission over data
networks (e.g., Voice-over-Internet Protocol). Subject to the foregoing, this
Agreement and all rights and powers granted and obligations created hereby will
bind and inure to the benefit of the parties hereto and their respective
successors and assigns.
9.4. Audit. Each party shall have the right to audit the other's books,
records, and documentation related to compliance with the terms of this
Agreement in order to ensure the other's compliance. Each party shall make these
records available to the other for inspection and audit, at the other's expense,
upon fifteen (15) business days' advance written notice to the other, no more
than twice per calendar year.
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9.5. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if
personally delivered, when transmitted by facsimile transmission and appropriate
answerback received or, if mailed, three business days after mailing by United
States first-class, certified or registered mail, postage prepaid, to the other
party at the following address (or at such other address as shall be given in
writing by any party to the other in accordance with these provisions):
If to Licensor: If to Licensee:
8x8, Inc. Interlogix, Inc.
0000 Xxxxxxx Xxxxxxx Xxxxxxxxx 00000 X.X. Xxxxxxx Xx.
Xxxxx Xxxxx, XX 00000 Xxxxxxxx, XX 00000
Fax No: 000-000-0000 Fax No: 000-000-0000
Attention: General Counsel Attention: Xxxxxxx X. Xxxxx
With a required copy to: With a required copy to:
Xxxxxx & Xxxxxxx Berwind Corporation
000 Xxxxxxxxxxxx Xxxxx 0000 Xxxxxx Xxxxxx Xxxx
Xxxxx Xxxx, XX 00000 0000 Xxxxxx Xxxxxx
Fax No: 000-000-0000 Xxxxxxxxxxxx, XX 00000
Attention: Xxxxxx Xxxxxx Fax No: 000-000-0000
Attention: Xxxxxx X. Xxxxxx
And to:
Dechert Price & Xxxxxx
4000 Xxxx Atlantic Tower
0000 Xxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000-0000
Fax No: 000-000-0000
Attention: Xxxxxxx X. Xxxxxxxx, Xx.
Stoel Rives LLP
000 XX Xxxxx Xxx, Xxx 0000
Xxxxxxxx, XX 00000-0000
Fax No: 000-000-0000
Attention: Xxxx X. Xxxxxxx, Xxxxxx X. Xxxxx
9.6. Entire Agreement; Waiver. This Agreement and the Transaction
Documents, and any Exhibits or Schedules hereto or thereto, and any provisions
incorporated by reference herein or therein, set forth all of the promises,
covenants, agreements, conditions and undertakings between the parties hereto
with respect to the subject matter hereof, and supersede all prior and
contemporaneous agreements and understandings, inducements or conditions,
express or implied, oral or written.
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9.7. Headings. The headings preceding the text of the sections and
subsections hereof are inserted solely for convenience of reference, and shall
not constitute a part of this Agreement, nor shall they affect its meaning,
construction or effect.
9.8. Amendment and Waiver. The parties may by mutual agreement amend
this Agreement in any respect, and any party, as to such party, may (a) extend
the time for the performance of any of the obligations of any other party, and
(b) waive (i) any inaccuracies in representations by any other party, (ii)
compliance by any other party with any of the agreements contained herein and
performance of any obligations by such other party, and (iii) the fulfillment of
any condition that is precedent to the performance by such party of any of its
obligations under this Agreement. To be effective, any such amendment or waiver
must be in writing and be signed by the party against whom enforcement of the
same is sought.
9.9. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Oregon without regard to any principles
of conflicts of laws. Each of Licensor and Licensee further agrees that service
of process, summons, notice or document by U.S. registered mail to such party's
respective address set forth in Section 9.5 (or at such other address as shall
be given in writing by either party to the other in accordance therewith) shall
be effective service of process for any action, suit or proceeding with respect
to any matters under this Agreement.
9.10. Signature in Counterparts. This Agreement may be executed in one
or more counterparts, each of which shall for all purposes be deemed to be an
original and all of which shall constitute one instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first written above.
8X8, INC. INTERLOGIX, INC.
/s/ Xxxxx Xxxxxxxxxxx /s/ Xxxx X. Xxxxx
------------------------------------- -----------------------------------
Name: Xxxxx Xxxxxxxxxxx Name: Xxxx X. Xxxxx
Title: President and Chief Operating Title: Chief Financial Officer
Officer
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