Common Contracts
2 similar License and Development Agreement contracts by GlassHouse Technologies Inc
EX-10.45 12 dex1045.htm LICENSE & DEVELOPMENT AGREEMENT CONFIDENTIAL TREATMENT REQUESTED LICENSE AND DEVELOPMENT AGREEMENTLicense and Development Agreement • May 5th, 2020
This License and Development Agreement (the “Agreement”) by and between Cisco Systems, Inc., a California corporation having its principal place of business at 170 West Tasman Drive, San Jose, CA 95134 (“Cisco Parent”) on behalf of itself and its Affiliates (collectively, “Cisco”), and GlassHouse Technologies, Inc., a Delaware corporation having its principal place of business at 200 Crossing Boulevard, Framingham, Massachusetts 01702 (“GlassHouse” or “Developer”), is entered into as of the date last written below (the “Effective Date”).
CONFIDENTIAL TREATMENT REQUESTED LICENSE AND DEVELOPMENT AGREEMENTLicense and Development Agreement • April 8th, 2010 • GlassHouse Technologies Inc • Services-computer integrated systems design
Cisco shall maintain for a period of two (2) years after the end of the year to which they pertain, complete records of the Product manufactured and distributed by Cisco in order to calculate and confirm Cisco’s royalty obligations hereunder. Upon reasonable prior notice, Developer will have the right, exercisable not more than once every twelve (12) months, to appoint an independent accounting firm or other agent reasonably acceptable to Cisco, at Developer’s expense, to examine such financial books, records and accounts during Cisco’s normal business hours to verify the royalties due by Cisco to Developer herein, subject to execution of Cisco’s standard confidentiality agreement by the accounting firm or agent; provided, however, that execution of such agreement will not preclude such firm from reporting its results to Developer. In the event such audit discloses an underpayment or overpayment of royalties due hereunder, the appropriate party will promptly remit the amounts due to th
