-5-
videocassettes in the United States and
Canada exclusively from Vision.
* * * * * * *
7. VISION SOFTWARE LICENSE/FEE:
(a) Vision Software License:
(i) Vision’s License from Nordic:
The continuing existence and
validity of Vision’s license of the
Nordic Software from Nordic
(including all maintenance and
related agreements) (collectively
the “Nordic Agreements”) shall be
of the essence of the Vision
agreement. * * *
(ii) Grant of License: Vision
shall grant or cause to be granted
to FoxVideo a worldwide, non-
exclusive, non-transferable license
(“Vision Software License”) to use,
on its own hardware or otherwise,
the Vision Software [i.e., the
Software as modified by Vision and
any other software used by Vision
in providing the information
services to FoxVideo]. The Vision
Software License shall have a term
coextensive with the Term of the
Vision agreement * * *
* * * * * * *
(b) License Fee:
(i) Payment of Fee: Except as
provided below, FoxVideo shall pay
a License Fee to Vision in the
aggregate amount of $10 million,
payable as follows: (A) $3 million
payable on signature of the Vision
agreement; plus (B) $1.75 million
payable on each of the first four
anniversary dates of the signing of
the Vision agreement. * * *
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Last modified: May 25, 2011