July 8, 2009 Mototech, Inc. No. 9, Park, Avenue II Science-Based Industrial Park Hsin-Chu, Taiwan, R.O.C. Attention: K.Y. Chou, General Manager Dear Mr. Chou:Settlement Agreement • July 10th, 2009 • Worldgate Communications Inc • Cable & other pay television services
The purpose of this letter (the “Letter”) is to set out certain agreements between Mototech, Inc. (“Mototech”) and WorldGate Communications, Inc. (“WGAT”, and together with Mototech, the “Parties”) to settle all of the WGAT Persons’ payment obligations to the Mototech Persons under the Current Agreements. Certain capitalized terms used in this Letter but not defined at first use have the meanings ascribed to them in paragraph 12 of this Letter.
