Common use of Licensed Articles Clause in Contracts

Licensed Articles. Paragraph 1(a) of the License Agreement Summary is hereby amended by adding the following at the end of that paragraph: “Without in any way expanding on the foregoing grant of rights, that class of games currently known as “Pachinko” and “Pachislot” which is not designed for casinos, but rather for non-traditional gaming venues such as Pachinko parlours, and for which the payout to the player is tokens, rather than cash or cash substitutes (e.g., vouchers, tickets, script, coupons, etc.), is specifically excluded from the list of Licensed Articles and from Licensee’s right of first refusal, provided, however, that such class of games shall not be distributed to, used by or placed in casinos or traditional gaming venues, or used in association with gaming goods or products (for example use of a Pachinko game on a top box of a gaming device).”

Appears in 2 contracts

Sources: License Agreement (WMS Industries Inc /De/), License Agreement (WMS Industries Inc /De/)