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Title: |
Master Patent Ownership and License Agreement |
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Entities: |
Adaptec Inc.; Adaptec Inc.; Napster Inc; Roxio, Inc.; Gray Cary Ware & Freidenrich; Wilson Sonsini Goodrich & Rosati |
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Date: |
2000 |
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Size: |
Preview shows 15KB of 49KB total |
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Price: |
$35 |
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ID: |
#1392249 |
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<DESCRIPTION>EXHIBIT 2.4
<TEXT>
<PAGE>
MASTER PATENT OWNERSHIP AND LICENSE AGREEMENT
BETWEEN
ADAPTEC, INC.
AND
ROXIO, INC.
EFFECTIVE AS OF NOVEMBER__, 2000
<PAGE>
MASTER PATENT OWNERSHIP AND LICENSE AGREEMENT
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
ARTICLE 1 DEFINITIONS.................................................................................................2
1.1 ADAPTEC PATENTS.....................................................................................2
1.2 ANCILLARY AGREEMENTS................................................................................2
1.3 ASSIGNED PATENTS....................................................................................2
1.4 CONFIDENTIAL INFORMATION............................................................................2
1.5 DISPUTES............................................................................................2
1.6 FIRST EFFECTIVE FILING DATE.........................................................................2
1.7 INVENTION DISCLOSURE................................................................................3
1.8 MASTER ASSIGNMENT AND ASSUMPTION AGREEMENT..........................................................3
1.9 MASTER CONFIDENTIAL DISCLOSURE AGREEMENT............................................................3
1.10 MASTER SEPARATION AND DISTRIBUTION AGREEMENT........................................................3
1.11 PATENTS.............................................................................................3
1.12 PERSON..............................................................................................3
1.13 RESTRICTED FIELD....................................................................................3
1.14 SEPARATION DATE.....................................................................................3
1.15 SUBSIDIARY..........................................................................................3
1.16 THIRD PARTY.........................................................................................3
1.17 WILD FILE PATENTS...................................................................................4
ARTICLE 2 OWNERSHIP...................................................................................................4
2.1 OWNERSHIP OF PATENTS................................................................................4
2.2 PRIOR GRANTS........................................................................................5
2.3 ASSIGNMENT DISCLAIMER...............................................................................5
ARTICLE 3 PATENT LICENSES.............................................................................................5
3.1 LICENSE TO WILD FILE PATENTS........................................................................5
3.2 TRANSFER OF PRODUCT BY ADAPTEC......................................................................5
3.3 ADAPTEC LICENSE TO ROXIO FOR CURRENT PRODUCTS.......................................................6
3.4 ROXIO LICENSE TO ADAPTEC FOR CURRENT PRODUCTS.......................................................6
3.5 ADAPTEC LICENSE TO ROXIO FOR SUBSEQUENT PRODUCTS....................................................6
3.6 ROXIO LICENSE TO ADAPTEC FOR SUBSEQUENT PRODUCTS....................................................6
3.7 NO LICENSE GRANTED UNDER EXCLUSIVELY LICENSED PATENTS...............................................6
3.8 EXTENSION OF LICENSES TO SUBSIDIARIES...............................................................7
3.9 LICENSE RIGHTS AS TO CERTAIN OTHER PATENTS..........................................................7
ARTICLE 4 ADDITIONAL OBLIGATIONS......................................................................................7
4.1 ADDITIONAL OBLIGATIONS WITH REGARD TO ASSIGNED PATENTS..............................................7
4.2 RECORDATION OF LICENSES.............................................................................8
</TABLE>
-i-
<PAGE>
TABLE OF CONTENTS
(CONTINUED)
<TABLE>
<CAPTION>
PAGE
----
<S> <C>
ARTICLE 5 CONFIDENTIALITY.............................................................................................9
ARTICLE 6 TERM AND TERMINATION........................................................................................9
6.1 TERM OF AGREEMENT...................................................................................9
6.2 VOLUNTARY TERMINATION...............................................................................9
6.3 SURVIVAL............................................................................................9
6.4 NO OTHER TERMINATION................................................................................9
ARTICLE 7 DISPUTE RESOLUTION..........................................................................................9
7.1 NEGOTIATION.........................................................................................9
7.2 PROCEEDINGS........................................................................................10
7.3 CONTINUITY OF SERVICE AND PERFORMANCE..............................................................10
ARTICLE 8 LIMITATION OF LIABILITY....................................................................................10
ARTICLE 9 REPRESENTATIONS AND WARRANTIES.............................................................................11
9.1 FULL POWER AND AUTHORITY...........................................................................11
9.2 EXECUTION DULY AUTHORIZED..........................................................................11
ARTICLE 10 MISCELLANEOUS PROVISIONS..................................................................................11
10.1 DISCLAIMER.........................................................................................11
10.2 NO IMPLIED LICENSES................................................................................11
10.3 INFRINGEMENT SUITS.................................................................................11
10.4 NO OTHER OBLIGATIONS...............................................................................12
10.5 ENTIRE AGREEMENT...................................................................................12
10.6 CONFLICTING AGREEMENTS.............................................................................12
10.7 GOVERNING LAW......................................................................................12
10.8 DESCRIPTIVE HEADINGS...............................................................................12
10.9 NOTICES............................................................................................12
10.10 NONASSIGNABILITY...................................................................................13
10.11 SEVERABILITY.......................................................................................14
10.12 WAIVER OF BREACH...................................................................................14
10.13 AMENDMENT AND EXECUTION............................................................................14
</TABLE>
-ii-
<PAGE>
MASTER PATENT OWNERSHIP AND LICENSE AGREEMENT
This Master Patent Ownership and License Agreement (the "Agreement")
is effective as of November___, 2000 (the "Effective Date"), between Adaptec,
Inc., a Delaware corporation ("Adaptec"), having an office 691 South Milpitas
Boulevard, Milpitas, CA 95035, and Roxio, Inc., a Delaware corporation
("Roxio"), having an office at 461 South Milpitas boulevard, Milpitas,
Boulevard, Milpitas, CA 95035.
RECITALS
WHEREAS, the Boards of Directors of each of Adaptec and Roxio have
determined that it is appropriate and desirable for Adaptec to contribute and
transfer to Roxio, and for Roxio to receive and assume, directly or indirectly,
substantially all of the assets and liabilities currently associated with the
Roxio Business and the stock, investments or similar interests currently held by
Adaptec in subsidiaries and other entities that conduct such business (the
"Separation");
WHEREAS, Adaptec has caused Roxio to be incorporated in order to effect
the Separation and Adaptec currently owns all of the issued and outstanding
capital stock of Roxio;
WHEREAS, Adaptec and Roxio currently contemplate that, following the
contribution and assumption of assets and liabilities, Roxio will make an
initial public offering ("IPO") of an amount of its common stock pursuant to a
registration statement on Form S-1 pursuant to the Securities Act of 1933, as
amended (the "IPO Registration Statement"), that will reduce Adaptec's ownership
of the issued and outstanding capital stock of Roxio to not less than 80.1%;
WHEREAS, Adaptec currently contemplates that, several months following
the IPO, Adaptec will distribute to the holders of its common stock, $ 0.01 par
value, by means of a pro rata distribution, all of the shares of Roxio common
stock owned by Adaptec (the "Distribution");
WHEREAS, Adaptec and Roxio intend that the Separation and the
Distribution will qualify as a tax-free reorganization under Sections
368(a)(1)(D) and 355 of the Internal Revenue Code of 1986, as amended (the
"Code"), and that this Agreement is intended to be, and is hereby adopted as, a
plan of reorganization under Section 368 of the Code; and
WHEREAS, the parties intend in this Agreement, including the Exhibits
and Schedules hereto, to set forth the principal arrangements between them
regarding the separation of the Roxio Business.
NOW, THEREFORE, in consideration of the foregoing and the covenants and
agreements set forth below, the parties hereto agree as follows:
<PAGE>
ARTICLE 1
DEFINITIONS
For the purpose of this Agreement the following capitalized terms are
defined in this Article 1 and shall have the meaning specified herein:
1.1 ADAPTEC PATENTS. "Adaptec Patents" means all Patents, other
than the Assigned Patents and Wild File Patents, having the benefit of a
First Effective Filing Date before the Separation Date which are owned or
licensable (without payment of royalties for the granting of licenses
thereunder) by Adaptec as of the Separation Date.
1.2 ANCILLARY AGREEMENTS. "Ancillary Agreements" has the meaning
set forth in the Master Separation and Distribution Agreement.
1.3 ASSIGNED PATENTS. "Assigned Patents" means only those
(a) Patents, Patent applications and Invention Disclosures that
are listed in Schedule A;
(b) Patent applications filed on the foregoing Invention
Disclosures described in Section 1.3(a);
(c) continuations, continuations-in-part, divisionals and
substitutions of any of the foregoing Patent applications described in
Sections 1.3(a) and (b);
(d) Patents which may issue on any of the foregoing Patent
applications described in Sections 1.3(a)-(c);
(e) renewals, reissues, reexaminations and extensions of the
foregoing Patents described in Sections 1.3(a) and (d); and
(f) foreign Patent applications and Patents that are
counterparts of any of the foregoing Patent applications or Patents described
in Sections 1.3(a)-(e), including any Patent application or Patent to the
extent that it claims priority from any of the foregoing Patent applications
or Patents described in Sections 1.3(a)-(e).
1.4 CONFIDENTIAL INFORMATION. "Confidential Information" has the
meaning set forth in the Master Confidential Disclosure Agreement.
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