0001012870-98-002760 Sample Contracts

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EXHIBIT 10.16 September 17, 1998 Mr. Yoichi Kitayama Actuate Japan Company, Ltd. 2-2-8 Roppongi Minato-ku Tokyo 106 Japan Dear Yoichi: This letter will confirm our agreement with respect to the commitment of Actuate Japan ("AJ") to repay certain...
Actuate Software Corp • November 3rd, 1998 • Services-prepackaged software

This letter will confirm our agreement with respect to the commitment of Actuate Japan ("AJ") to repay certain monies owed to Actuate Software Corporation ("ASC"). Currently ASC holds a promissory note from AJ with a principal amount of $164,934 plus accrued interest from December 27, 1997 (the "Promissory Note") and as of June 30, 1998, AJ also owes ASC $127,630, consisting of earned royalties for sales by AJ of ASC software and interest thereon ("Earned Royalties"). Earned Royalties shall also include any royalties earned by ASC during July and August of 1998. The interest rate is 10% per annum for all accrued and future interest on the Promissory Note and 5% per annum for all future interest on the Earned Royalties.

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