- 25 - did not have experience. CV intended to develop software for future products, and it was necessary for CV to coordinate such advancement with the development of the workstations by Sun. Further, the parties had to develop an appropriate interface between the systems in order to facilitate the use of Sun’s workstations with CV’s existing product line. They also agreed to contribute mutually to the design of new workstation products. The parties agreed to broadly share all current product information and knowledge relating to development of future products and to exchange specific items such as hardware and software. The joint development agreement also specified the royalties to be paid by CV for Sun’s technology. It also gave CV the right to manufacture workstations if Sun did not supply them under the purchase agreement. Finally, although there was no commitment to purchase any minimum volume of workstations, CV agreed to purchase 50 percent of its workstation requirement from Sun during the 3-year term of the purchase agreement. The joint development agreement also stated that 9. CV Investment in Sun. The parties are entering into a separate Agreement Relating to Investments by * * * [CV] in Sun Microsystems, Inc. which provides for loans by CV to Sun and investments by CV in Sun. The Warrants and the Debt Financing Both at the time of the negotiations and when the agreements were entered into, neither CV nor Sun knew the extent, if any, toPage: Previous 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Next
Last modified: May 25, 2011