Statement of Work under the Master Development and Supply Agreement [Amendment No. 1] - Apple Inc. and Audience Inc.
Amendment No. 1 to the [*****] SOW
Between Apple and Audience
This Amendment No. 1 (the "Amendment') entered into by:
Apple Inc. ("Apple") and
Audience, Inc. ("Audience")
is effective as of:
December 22, 2010 (the "Effective Date")
and amends:
the [*****] SOW, dated December 19, 2008 (the "SOW'), under the Master Development and Supply Agreement ([*****]), dated August 6, 2008 (collectively, the "Agreement')
Capitalized terms not otherwise defined herein have the same definitions as in the Agreement.
Apple and Audience agree to amend the SOW as follows:
| 1. |
Royalty. Section 6.2 "Royalty" in the SOW is replaced in its entirety by the following: |
The license grant set forth in Section 2.1 and Section 2.2 shall be subject to payment by Licensee of a royalty for each Licensee Product that (1) is Shipped; (2) contains Licensed Deliverables; and (3) for products other than [*****] cellular phones, has [*****] that uses (or can be activated by an end user to use), and [*****] that is capable of using, any implementation of any portion of the Licensed Deliverables. Such royalties shall be [*****] of Licensee Products that are [*****] and shall be paid in the amounts set forth in Attachment 3 ("Royalty"). The Royalty will be payable quarterly within [*****] days after the end of each Licensee fiscal quarter,
| 2. |
Definitions. The Definition of "Shipped" in the SOW is replaced in its entirety by the following: |
"Shipped"—a Licensed Product shall be deemed "Shipped" after such Licensed Product is [*****] sold to [*****].
| 3. |
Warranties. [*****] makes no warranties and shall have no indemnification obligations with respect to Licensee Products for which [*****] pursuant to clause (3) of the first sentence of Section 6.2. |
| 4. |
License Grant. For avoidance of doubt, the licenses granted in Section 2 of the SOW do not apply to Licensee Products containing [*****] of the Licensed Deliverables. |
Except as expressly amended by this Amendment, all other terms, conditions, and provision of the Agreement, including any Prior Amendments, shall apply. In the event that any terms or conditions of this Amendment conflict with the Agreement or any Prior Amendments, this Amendment shall control with respect to the subject matter hereof.
Acknowledged and agreed by their duly authorized representatives.
[*****] Certain portions denoted with an asterisk have been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Need to Know Confidential
| Apple Inc. | Audience Inc. | |||||||
| By: | /s/ Tony J. Blevins | By: | /s/ Peter Santos | |||||
| Name: | Tony J. Blevins | Name: | Peter Santos | |||||
| Title: | Sr. Director, Operations | Title: | President & CEO | |||||
| Date: | 12/23/10 | Date: | 12.22.10 | |||||
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Need to Know Confidential