Common use of Initial License Clause in Contracts

Initial License. G3 hereby grants Spectre, for the entire term of this Agreement, an exclusive license to: (i) utilize and commercially exploit the Games delivered hereunder, together with all software, trademarks, service marks and other intellectual-property rights comprising any part of the Games, in adult-entertainment centers in the United States in “video redemption games” only, as that term is defined above.; and (ii) manufacture, and contract for the manufacture of the Games within “video redemption games” only, as that term is defined above. The license granted hereunder shall extend to Spectre’s contract manufacturers retained by Spectre for the purpose of manufacturing ”video redemption games” only, as that term is defined above, embodying the Games. This license shall only be applicable to Games placed by Spectre on a recurring “per game per day” basis. Sale of the Games may be agreed to by mutual consent of the parties.