Exhibit 10.50
ATTACHMENT #1
to
LICENSE SYSTEM ADDENDUM #3
between
SEIKO EPSON CORPORATION
and
PEERLESS SYSTEMS IMAGING PRODUCTS, INC.
Confidential treatment has been requested for portions of this exhibit. The copy
filed herewith omits the information subject to the confidentiality request.
Omissions are designated as *. A complete version of this exhibit has been filed
separately with the Securities and Exchange Commission.
SEC/PSIP Attachment #1 (LSA #3) CONFIDENTIAL
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ATTACHMENT # 1 TO THE LICENSED SYSTEM ADDENDUM #3 DATED
DECEMBER 31, 2000
This Attachment #1 dated May 1, 2001 ("Attachment #1") to Licensed System
Addendum #3 dated December 31, 2000 ("LSA #3") is entered into by and between
SEIKO EPSON Corporation, a Japanese corporation, (hereinafter "SEC") and
Peerless Systems Imaging Products, Inc., a Washington corporation, pursuant to
the provisions of the Master Technology License Agreement between those parties
dated April 1, 2000 (hereinafter the "MTLA"). This Attachment #1 is hereby made
a part thereof, and the terms and conditions of the MTLA and LSA #3 thereto are
incorporated by reference herein.
WHEREAS, SEC and PSIP now wish that PSIP grants to SEC an additional Block
License for use in the Authorized SEC Devices identified in Exhibit A, Section 2
of LSA #3;
NOW THEREFORE, SEC and PSIP hereto agree as follows effective May 1, 2001:
1. Subject to the payment of all fees herein, PSIP grants to SEC an additional
Block License under the same terms and conditions of LSA #3 in the amount of *
dollars (US$*).
2. In exchange for this additional Block License, SEC agrees to pay PSIP
*dollars (US$*) which shall be due and payable within * of the execution of this
Attachment #1. PSIP agrees that such payments require the receipt by SEC of
original invoices and the required Tax Application Form for Income Tax
Convention with PSIP's signature. SEC will provide the required Tax Application
Form for Income Tax Convention and PSIP will sign as appropriate and return the
form to SEC. Payments made hereunder are non-cancelable, non-refundable and
non-transferable.
3. The Per Unit License Fees stated in Exhibit B (and more specifically Tables
10, 11, 12 and 13) to LSA #3 shall apply until the crediting of the equivalent
earned Per Unit License Fee equals U.S. $* (* dollars). The U.S. $* (* dollars)
is the total of the original Block License in LSA #3 of U.S. $* (* dollars) plus
the Block License granted in this Attachment #1 of U.S. $* (* dollars).
4. Except as expressly provided herein, all of the terms of the MTLA and LSA #3
shall continue in force and effect.
* Confidential treatment has been requested for portions of this exhibit. The
copy filed herewith omits the information subject to the confidentiality
request. Omissions are designated as *. A complete version of this exhibit has
been filed separately with the Securities and Exchange Commission.
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(April 13, 2001) Page 1 of 2
SEC/PSIP Attachment #1 (LSA #3) CONFIDENTIAL
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IN WITNESS WHEREOF, the parties have, by their duly authorized representatives,
executed this Attachment #1 as of the date set forth below.
SEIKO EPSON CORPORATION PEERLESS SYSTEMS IMAGING PRODUCTS,
INC.
By: By:
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ /s/ ▇▇▇ ▇▇▇▇▇
---------------------------------------- --------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇ ▇▇▇▇▇
Title: Managing Director Title: Vice President
Date: May 16, 2001 Date: May 17, 2001
///End
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