{"id":42327,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/grant-back-license-agreement-digimarc-corp-and-iv-digital.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"grant-back-license-agreement-digimarc-corp-and-iv-digital","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/grant-back-license-agreement-digimarc-corp-and-iv-digital.html","title":{"rendered":"Grant-Back License Agreement – Digimarc Corp. and IV Digital Multimedia Inventions, LLC"},"content":{"rendered":"

CONFIDENTIAL PORTIONS OMITTED <\/em><\/strong><\/p>\n

GRANT-BACK LICENSE AGREEMENT <\/strong><\/p>\n

This Grant-Back License Agreement (“Agreement<\/em><\/strong>“) is
\nmade and entered into as of October 5, 2010 (the “Effective
\nDate<\/em><\/strong>“) by and between Digimarc Corporation
\n(“Parent<\/em><\/strong>“, and together with its Subsidiaries,
\n“Digimarc<\/em><\/strong>“) and IV Digital Multimedia Inventions, LLC
\n(together with its Affiliates, “IV<\/em><\/strong>“).<\/p>\n

WHEREAS, Digimarc developed the technology described and claimed in the
\nPatents;<\/p>\n

WHEREAS, concurrently with the execution and delivery of this Agreement,
\nDigimarc and IV are entering into a Patent License Agreement (the
\n“Patent License Agreement<\/em><\/strong>“) and a Patent Rights
\nAgreement (the “Patent Rights Agreement<\/em><\/strong>“)
\n(collectively, the Patent License Agreement and the Patent Rights Agreement
\nshall be referred to as the “Exclusive License
\nTransaction<\/em><\/strong>“); and<\/p>\n

WHEREAS, Digimarc desires to receive a license to the Patents in order to
\ncontinue to operate its business, all on the terms and subject to the conditions
\nset forth herein.<\/p>\n

NOW, THEREFORE, in consideration of the promises, covenants and warranties
\nset forth below, and for other good and valuable consideration, the receipt,
\nadequacy and sufficiency of which are acknowledged by each party hereto, the
\nparties, intending to be legally bound, agree as follows:<\/p>\n\n\n\n
\n

1.<\/strong><\/p>\n<\/td>\n

\n

Definitions<\/u><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Capitalized terms used but not defined in this Agreement will have the
\nmeaning assigned to them in the Patent License Agreement or the Patent Rights
\nAgreement, as applicable.<\/p>\n\n\n\n
\n<\/td>\n\n

1.1.<\/p>\n<\/td>\n

\n

“[**]<\/em>” <\/strong>shall mean [**] U.S. Dollars ($[**]). The
\n[**] shall increase by five percent (5%) per year on each yearly anniversary of
\nthe Effective Date.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.2.<\/p>\n<\/td>\n

\n

“[**]<\/em><\/strong> “<\/strong> as of a given date shall
\nmean, with respect to any Digimarc Customer, the cumulative total consideration
\nrecognized as revenue by Digimarc in the [**] prior to such date from such
\nDigimarc Customer and such Digimarc Customer153s Affiliates, from the sale of all
\nDigimarc Products and the provision of all Digimarc Services to such Digimarc
\nCustomer and such Digimarc Customer153s Affiliates.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.3.<\/p>\n<\/td>\n

\n

“Digimarc Customer<\/em><\/strong>“<\/strong> shall mean a
\npurchaser or a licensee of a Digimarc Product or a recipient of Digimarc
\nServices.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.4.<\/p>\n<\/td>\n

\n

“Digimarc Product<\/em>“<\/strong> shall mean a product that
\nconsists of software, hardware or firmware designed by Digimarc, made by or for
\nDigimarc, and marketed and sold or licensed (either directly to end users or to
\ncustomers reselling to end users) by Digimarc, either on a stand-alone basis or
\nin conjunction with the provision of Digimarc Services. The term “Digimarc
\nProducts” shall exclude any product, the use, making, offering to sell, selling
\nor importing of which would not infringe any<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n\n\n\n
\n<\/td>\n<\/p>\n

of the Patents.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.5.<\/p>\n<\/td>\n

\n

“Digimarc Services<\/em>” <\/strong>shall mean services provided by
\nDigimarc to a third party, including services that support the use of Digimarc
\nProducts, consulting services and testing services, [**], including third party
\nproducts that incorporate or include a Digimarc product. The term “Digimarc
\nServices” shall exclude any services the provision of which would not infringe
\nany of the Patents.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.6.<\/p>\n<\/td>\n

\n

“Government Customer<\/em>” <\/strong>shall mean [**].<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.7.<\/p>\n<\/td>\n

\n

“Patent Rights”<\/em><\/strong> shall mean all causes of action and
\nother rights assigned, transferred and conveyed to IV pursuant to subsection 1.4
\nof the Patent License Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

1.8.<\/p>\n<\/td>\n

\n

“Subsidiary<\/em>“<\/strong> or
\n“Subsidiaries<\/em>“<\/strong> of an Entity shall mean any entity that
\nis owned or controlled by such Entity. In the case of a corporation or similar
\nentity, ownership, direct or indirect, of capital stock or other ownership
\ninterest representing more than fifty percent (50%) of the voting power for the
\nelection or appointment of directors, or person performing similar functions,
\nshall constitute ownership thereof. An entity shall be a “Subsidiary” only for
\nso long as such entity meets the definition set forth above.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

2.<\/strong><\/p>\n<\/td>\n

\n

Grant-Back License from IV to Digimarc<\/u><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

2.1.<\/p>\n<\/td>\n

\n

Grant-Back License<\/u>. Subject to the terms and conditions of this
\nAgreement, IV hereby grants to Digimarc a fully paid-up, royalty-free,
\nnon-exclusive, irrevocable, nonsublicensable, nontransferable (except as set
\nforth in subsection 2.2) right and license, without geographic limitation, under
\neach of the Patents (a) to make, have made, use, lease, sell (or license, in the
\ncase of software), offer to sell, import or export any Digimarc Product (the
\n“Digimarc Product License<\/em><\/strong>“), and (b) to conduct
\nDigimarc153s own research and development activities, and to provide Digimarc
\nServices to third parties (the “Digimarc Practice
\nLicense<\/em><\/strong>“, and collectively with the Digimarc Product License, the
\n“Digimarc License<\/em><\/strong>“); provided, however, that:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

Digimarc shall [**] when the [**] first [**], unless:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

such [**] has first received [**] such Digimarc Products and\/or Digimarc
\nServices, and that read on any combination of such Digimarc Products and\/or
\nDigimarc Services with products and services of such customer, provided that
\n[**];<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

such Digimarc Customer is a [**];<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

such Digimarc Customer receives such Digimarc Products and\/or Digimarc
\nServices pursuant to [**]; provided, that [**] of any such [**] are [**] to, and
\ndo not expand the scope of, such [**]; or<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n\n\n\n
\n<\/td>\n<\/p>\n

(d)<\/p>\n<\/td>\n

\n

Digimarc and such Digimarc Customer have previously entered into a license
\nagreement with respect to the Patents that is in effect as of the Effective
\nDate, and the Digimarc Products and\/or Digimarc Services received by such
\nDigimarc Customer fall within such Digimarc Customer153s licensed field of use
\nunder such license agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

A Digimarc Customer to which one or more of subsections 2.1(i)(a), (b), (c)
\nor (d) applies shall be referred to as an “[**] Digimarc
\nCustomer<\/em><\/strong>“.<\/p>\n\n\n\n
\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

Digimarc shall [**] for each Digimarc Customer that is not an [**] Digimarc
\nCustomer, [**]. For each Digimarc Customer that is not an [**] Digimarc
\nCustomer, Digimarc shall determine whether, [**], the [**] for such Digimarc
\nCustomer has [**]. In the event that as of [**], the [**] for such Digimarc
\nCustomer [**], Digimarc shall notify such Digimarc Customer in writing within
\nten (10) days after the end of [**] that such Digimarc Customer [**] Digimarc
\nProducts and\/or Digimarc Services, as applicable, [**] ([**], the
\n“[**]”<\/em>), [**] such Digimarc Customer has [**] that is described in
\nsubsection 2.1(i)(a). Any such agreement with such Digimarc Customer after the
\n[**], and the Digimarc License [**], [**] such Digimarc Customer has [**] that
\nis described in subsection 2.1(i)(a).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(iii)<\/p>\n<\/td>\n

\n

Any customer or recipient of a Digimarc Product that is sold or otherwise
\ndistributed by Digimarc in accordance with the other provisions of this
\nsubsection 2.1 shall have the right under the Digimarc License to use such
\nDigimarc Product. For purposes of the preceding sentence, “use” shall include
\nthe limited right under the Patents as necessary for a Digimarc Customer to use,
\nsell (or license, in the case of software), offer to sell, lease, make or have
\nmade products or services incorporating the Digimarc Product (“Use
\nRight<\/em>“<\/strong>), provided that the Use Right will apply only to the extent
\nprovided by operation of law or equity under the principles of implied license
\nor patent exhaustion, and in particular will not apply to the extent that the
\nincorporation of the Digimarc Product or combination of the Digimarc Product
\nwith any other third party technology, product or service results in an
\ninfringement of any claim of any Patent that would not have been infringed by
\nthe Digimarc Products or Digimarc Services absent such incorporation or
\ncombination.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(iv)<\/p>\n<\/td>\n

\n

In no event will the Digimarc License cover (a) any incorporation or
\ncombination of Digimarc Products or Digimarc Services into or with any other
\nproducts, processes or services, except in cases where [**], (b) any products,
\nprocesses or services designed by the Digimarc Customer or any other third party
\n(other than by a Government Customer or any other [**] Digimarc Customer, solely
\nto the extent provided for in the IV license (under subsection 2.1(i)(a) or
\nunder the existing agreement (under subsection 2.1(i)(c) and (d)), or (c) any
\nother products, processes or services of the Digimarc Customer or any other
\nthird party.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n\n\n\n
\n<\/td>\n<\/p>\n

(v)<\/p>\n<\/td>\n

\n

Any agreement between Digimarc and a Digimarc Customer (other than an [**]
\nDigimarc Customer) covering the sale or provision of Digimarc Products and\/or
\nDigimarc Services to such customer will include an express acknowledgement that
\nDigimarc is not providing the Digimarc Customer with the right to incorporate or
\ncombine Digimarc Products and\/or Digimarc Services with or into any other
\ntechnologies, products or services if such incorporation or combination
\ninfringes any patent of a third party (relative to that customer) that would not
\nhave been infringed by the Digimarc Products and\/or Digimarc Services absent
\nsuch incorporation or combination.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(vi)<\/p>\n<\/td>\n

\n

Digimarc will not sell, license or provide Digimarc Products or Digimarc
\nServices to any Person in conjunction with knowingly and actively advising or
\nassisting such Person with:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

any use of such Digimarc Products or Digimarc Services, or<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(b)<\/p>\n<\/td>\n

\n

integration into or combination of such Digimarc Products or Digimarc
\nServices with technology, processes or services of such Person,<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

in a manner which infringes the Patents and which Digimarc is not permitted
\nto authorize under this Agreement.<\/p>\n\n\n\n
\n<\/td>\n\n

(vii)<\/p>\n<\/td>\n

\n

Except as expressly set forth above in this subsection 2.1, all rights
\ngranted to IV in the Exclusive License Transaction are expressly reserved by IV.
\nIn particular (but without limitation), Digimarc shall not have any right to
\ngrant any third party any license under any of the Patents except to the extent
\nprovided by operation of law under the principles of implied license or patent
\nexhaustion in connection with actions expressly permitted under the Digimarc
\nLicense.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

2.2.<\/p>\n<\/td>\n

\n

Transfer of License<\/u>. Notwithstanding subsection 2.1, the Digimarc
\nLicense may be transferred by Digimarc solely in conjunction with an assignment
\nof this Agreement that is permitted under subsection 3.3 of this Agreement, and
\nsubject further to the following conditions:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(i)<\/p>\n<\/td>\n

\n

Digimarc gives IV prompt written notice of such transfer of the Digimarc
\nLicense in accordance with the notice provision set forth in the Patent License
\nAgreement; and<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(ii)<\/p>\n<\/td>\n

\n

Upon such transfer, unless [**] following the transaction that resulted in
\nsuch transfer, the Digimarc License will be limited to [**] and to [**] such
\nDigimarc Products and Digimarc Services [**]
\n(“[**]<\/em><\/strong>“).<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In no event will the Digimarc License extend:<\/p>\n\n\n\n
\n<\/td>\n\n

(a)<\/p>\n<\/td>\n

\n

[**] (except with respect to [**] in the event [**]);<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n\n\n\n
\n<\/td>\n<\/p>\n

(b)<\/p>\n<\/td>\n

\n

[**] (including without limitation products, processes or services [**]),
\nexcept with respect to [**] in the event [**];<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(c)<\/p>\n<\/td>\n

\n

to any incorporation or combination of [**] (or [**]) into or with any [**]
\nif such incorporation or combination [**] that would [**] by the [**] (or other
\n[**]) [**] such [**]; or<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

(d)<\/p>\n<\/td>\n

\n

to any other acts of the acquiring party or its Affiliates or agents prior to
\nthe acquisition;<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

provided, however, that IV agrees to negotiate in good faith an extension of
\nthe Digimarc License to extend to [**] of [**] the acquiring party153s [**] upon
\nthe request [**].<\/p>\n\n\n\n
\n<\/td>\n\n

2.3.<\/p>\n<\/td>\n

\n

Notification of <\/u>[**]. IV hereby agrees to provide notice to Digimarc
\nof [**], which assessment shall be made by IV in its good faith discretion,
\nprovided that Digimarc agrees that any such disclosure shall remain subject to
\nthe confidentiality obligations set forth in the NDA and that such disclosure
\nmay be used by Digimarc solely in connection with the execution and performance
\nof the transactions contemplated by the Patent License Agreement and the other
\nTransaction Agreements.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Upon any assignment or transfer by IV of all or substantially all of the
\nPatents to any Entity unaffiliated with IV and that is not managed or controlled
\nby any representative of IV, such assignee Entity shall be entitled to elect to
\neither (x) assume the obligation in this subsection 2.3, or (y) not assume the
\nobligations in this subsection 2.3, in which case this subsection 2.3, as well
\nas the restrictions on Digimarc set forth in subsections 2.1(i) and (ii), shall
\nterminate. IV shall give Digimarc prompt written notice: (a) of such assignment
\nor transfer of the obligations of this subsection 2.3 to another concerning
\ncertain Patents; or (b) that the restrictions on Digimarc set forth in
\nsubsections 2.1(i) and (ii) are terminating concerning certain Patents.<\/p>\n\n\n\n
\n<\/td>\n\n

2.4.<\/p>\n<\/td>\n

\n

No Other\/Implied Rights<\/u>. Digimarc hereby acknowledges and agrees that
\nthe Digimarc License is non-exclusive, and that Digimarc neither retains nor is
\nreceiving any rights in or to the Patents or the Patent Rights under this
\nAgreement other than as expressly provided for under the Digimarc License in
\nsubsection 2.1, including without limitation no rights to sue for and collect
\npast, present and future damages and no rights to seek and obtain injunctive or
\nany other relief for infringement of the Patents or Abandoned Assets with
\nrespect to parties not licensed prior to the Effective Date, and no other rights
\nor licenses under the Patents or Patent Rights are granted or implied by this
\nAgreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n

3.<\/strong><\/p>\n<\/td>\n

\n

Miscellaneous <\/u><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n\n\n\n
\n<\/td>\n<\/p>\n

3.1.<\/p>\n<\/td>\n

\n

Entire Agreement; Modification<\/u>. This Agreement and the other
\nTransaction Agreements set forth the entire understanding of the parties with
\nrespect to the subject matter hereof, supersede all existing agreements among
\nthem concerning such subject matter and may be modified only by a written
\ninstrument duly executed by each Party hereto.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.2.<\/p>\n<\/td>\n

\n

Waiver<\/u>. Any waiver must be in writing, and any waiver by any party of
\na breach of any provision of this Agreement shall not operate as or be construed
\nto be a waiver of any other breach of that provision or of any breach of any
\nother provision of this Agreement. The failure of a Party to insist upon strict
\nadherence to any term of this Agreement on one or more occasions will not be
\nconsidered a waiver or deprive that Party of the right thereafter to insist upon
\nstrict adherence to that term or any other term of this Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.3.<\/p>\n<\/td>\n

\n

Assignment; Binding Effect<\/u>. Neither Party may assign this Agreement or
\nits rights hereunder, including by operation of law, without the prior written
\nconsent of the other Party except in conjunction with an assignment by such
\nParty of the Patent License Agreement and\/or its rights thereunder that is
\npermitted by subsection 11.3 of such agreement, and with respect to Digimarc,
\nsubject further to the terms of subsection 2.2 of this Agreement. This Agreement
\nshall be binding upon and inure to the benefit of the parties hereto and their
\npermitted successors and assigns.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.4.<\/p>\n<\/td>\n

\n

Severability<\/u>. If any court of competent jurisdiction finds any
\nprovision of this Agreement, or any portion thereof, to be invalid, illegal or
\nunenforceable, such provision shall be ineffective to the extent, but only to
\nthe extent of, such invalidity, illegality or unenforceability, without
\ninvalidating the remainder of such provision or the remaining provisions of this
\nAgreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.5.<\/p>\n<\/td>\n

\n

Term of Agreement<\/u>. This Agreement shall become effective as of the
\nEffective Date and shall terminate or expire on the date that the last of the
\nPatents expires or is abandoned.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.6.<\/p>\n<\/td>\n

\n

Governing Law<\/u>. This Agreement shall be governed by and construed in
\naccordance with the laws of the State of Delaware in all respects without giving
\neffect to the principles of conflicts of law thereof.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.7.<\/p>\n<\/td>\n

\n

Good Faith Efforts<\/u>. Each Party will use good faith efforts to fulfill
\nits obligations under this Agreement.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/p>\n\n\n\n
\n<\/td>\n\n

3.8.<\/p>\n<\/td>\n

\n

Bankruptcy<\/u>. The patent licenses and related rights granted hereunder
\nby IV are, and will be deemed to be, for purposes of Section 365(n) of the
\nUnited States Bankruptcy Code (“Code<\/em><\/strong>“) licenses of
\n“intellectual property” as defined under the Code. Notwithstanding any provision
\ncontained herein to the contrary, if IV is under any proceeding under the Code
\nand the trustee in bankruptcy of that party, or that party as a debtor in
\npossession, rightfully elects to reject this Agreement,<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n\n\n\n
\n<\/td>\n<\/p>\n

then Digimarc pursuant to the relevant sections of Section 365(n) of the Code
\nmay retain any and all of its licenses and rights hereunder to the maximum
\nextent permitted by law.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[The remainder of this page was left blank
\nintentionally] <\/strong><\/p>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p>\n<\/p>\n<\/p>\n

<\/p>\n

In witness whereof, intending to be legally bound, the parties have executed
\nthis Agreement as of the Effective Date.<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

DIGIMARC CORPORATION<\/strong><\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

IV DIGITAL MULTIMEDIA INVENTIONS, LLC<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

By:<\/p>\n<\/td>\n

\n<\/td>\n\n

\/s\/ Bruce Davis<\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

By:<\/p>\n<\/td>\n

\n<\/td>\n\n

\/s\/ Vincent Pluvinage<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n

Bruce Davis<\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

Vincent Pluvinage<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n

Chairman and Chief Executive Officer<\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

Authorized Person<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n

Date:<\/p>\n<\/td>\n

\n<\/td>\n\n

October 5, 2010<\/p>\n<\/td>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n\n

Date:<\/p>\n<\/td>\n

\n<\/td>\n\n

October 5, 2010<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[Signature Page to Grant-Back License Agreement]
\n<\/strong><\/p>\n

** CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE
\nSECURITIES AND EXCHANGE COMMISSION. <\/em><\/strong><\/p><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7320],"corporate_contracts_industries":[9510],"corporate_contracts_types":[9613,9616],"class_list":["post-42327","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-digimarc-corp","corporate_contracts_industries-technology__programming","corporate_contracts_types-operations","corporate_contracts_types-operations__ip"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42327"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42327"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42327"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}