authority (domestic or foreign) or of any of the terms, conditions or provisions of, or constitute a default under, or, with notice or lapse of time, or both, constitute a default under, or, result in the creation of any lien upon any property or...Exploitation Rights Agreement • May 20th, 1998 • Pointcast Inc • Services-prepackaged software
Contract Type FiledMay 20th, 1998 Company IndustryASSIGNMENT OF COMMERCIAL EXPLOITATION RIGHTS AGREEMENT This is an irrevocable Assignment (the "Assignment"), effective as of May 30, 1997, of the rights and obligations of TransCosmos, Incorporated, a Japanese corporation (the "Assignor"), arising under the Commercial Exploitation Rights Agreement, dated May 30, 1997 (the "Agreement") between PointCast Incorporated, a California corporation ("PCI") and Assignor, to PointCast Japan, L.L.C., a Delaware limited liability company (the "Assignee"). Recitals WHEREAS, PCI granted certain rights and licenses to the Assignor under the Agreement; and WHEREAS, the Assignor wishes to assign its rights and licenses under the Agreement together with its obligations under the Agreement to the Assignee in accordance with the terms set forth herein. NOW THEREFORE, the parties hereby agree as follows: 1. Assignment. a. Assignment of the Rights and Obligations under the Agreement. The Assignor hereby irrevocably assigns and transfers unto Assignee and un