Document:

exh10-221_16709.htm

 

EXHIBIT 10.22.1

 

 

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

License Agreement

 

hereinafter “Agreement”

 

between

 

Infineon Technologies Austria AG, a corporation duly organized and existing under the laws of Austria

 

and having offices at Siemensstrasse 2, 9500 Villach, Austria

 

(hereinafter referred to as “Infineon”)

 

and

 

NEXX Systems, Inc., a corporation duly organized and existing under the laws of the United States, and

 

having offices at 900 Middlesex Turnpike, Building 6, Billerica, MA 01821-3929, USA

 

(hereinafter referred to as “NEXX”)

 

Infineon and NEXX are hereinafter referred to as “Parties

 

WHEREAS NEXX has, on behalf of Infineon, developed special tool customizations for Infineon , [*]

 

WHEREAS Infineon, per a development agreement separately entered into between the Parties, has sole right and title to such [*];

 

WHEREAS NEXX is interested to acquire a license in such [*] for further development of its tool platform and for distribution to its customers;

 

WHEREAS Infineon is willing to grant NEXX a comprehensive [*] license to use such [*];

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

NOW THEREFORE, the Parties agree to base their relationship on the following contractual terms and conditions:

 

Section 1 - Definitions

 

Wherever used in this Agreement, unless otherwise indicated expressly in the context of this Agreement, the following terms shall have the following meanings ascribed to them:

 

	
1.1

	
“Affiliate” shall mean a legal entity that directly or indirectly, through one or more intermediaries, controls a Party, or is controlled by a Party, or is under common control with a Party; provided, that such entity shall constitute an Affiliate of the Party only so long as such control exists. For purposes of this definition, “control” means possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a legal entity, whether through ownership of voting stock, by contract, or otherwise.

 

	
1.2

	
“Agreement” shall mean this license agreement including its Annexes.

 

	
1.3

	
“Documentation” shall mean the user manuals and other information related to the [*], in either printed or machine readable form, which are available at Infineon as set out in Annexes 1, 2, and 6.

 

	
1.4

	
“Effective Date” shall mean the date specified in Art. 14.1 of this Agreement.

 

	
1.5

	
“Intellectual Property Rights” shall mean any patents, patent rights, trade marks, service marks, registered designs, applications for any of the foregoing, copyright, unregistered design right and any other similar protected rights in any country.

 

	
1.6

	
“Licensed Product/s” shall mean any product based on the tool platform of NEXX Stratus 5200 sold by NEXX, incorporating the [*] or derivatives thereof as defined in Section 1.8 below.

 

	
1.7

	
“Specification” shall mean the specification attached to this Agreement in Annex 1 describing and determining the [*] in its material features.

 

	
1.8

	
[*] shall mean special tool customizations for Infineon beyond existing NEXX technology, based on the tool platform of NEXX Stratus 5200, [*] as more specifically described in Annex I hereto.

 

	
1.9

	
“Infineon Background IPR” shall mean the Intellectual Property Rights held by Infineon necessary for NEXX to make use of the license granted to it under this Agreement .

 

Section 2 - Licenses

 

	
2.1

	
License. Subject to the terms and conditions of this Agreement and for the term of this Agreement, Infineon hereby grants to NEXX a [*] license under Infineon Background IPR to use the [*] to make Licensed Products and to sell and offer to sell such Licensed Products to its customers.

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

	
2.2

	
License Start Date. The License granted under the foregoing Section 2.1 shall come into force and effect as of January 1, 2014. Any use by NEXX prior to the License Start Date is expressly prohibited and will give rise to any and all remedies available to Infineon under this Agreement and under all applicable statutory laws, unless NEXX has executed the option to use the license granted hereunder prior to the five years exclusive period as set forth in the Development Agreement, Section 11.2.

 

	
2.3

	
No Sublicense, NEXX shaft not have the right to sublicense the rights granted hereunder to any third party other than “Subcontractors” approved in writing by Infineon under the Development Agreement.

 

	
2.4

	
PARTNER AGREES THAT THE SCOPE OF THE LICENSES GRANTED BY INFINEON IN THIS AGREEMENT IS LIMITED TO INFINEON’S INTELLECTUAL PROPERTY RIGHTS EMBODIED IN THE [*]. NO OTHER LICENSE, EXPRESS OR IMPLIED, BY ESTOPPEL OR OTHERWISE, TO ANY OTHER INFINEON OR TO ANY THIRD-PARTY INTELLECTUAL PROPERTY RIGHTS IS GRANTED HEREIN. INFINEON RESERVES ALL RIGHTS NOT EXPRESSLY GRANTED.

 

Section 3 - Intellectual Property Rights

 

	
3.1

	
All rights, title and interest in and to the [*] (and any part thereof) andDocumentation (and any part thereof), and any modifications, enhancements and/or derivatives thereof made by Infineon, except for the licenses expressly granted herein, shall remain wholly vested in Infineon or its third party licensors. NEXX acknowledges that it has no rights whatsoever in respect of the [*] save for those expressly granted to it by this Agreement

	
3.2

	
NEXX shall in any case use all reasonable efforts to safeguard Infineon’s proprietary rights andthe proprietary rights of Infineon’s licensor(s) with regard to the [*].

 

Section 4+5 doesn’t apply--[*] has already been delivered by NEXX to Infineon Section 6 - Consideration, Payment Terms and Taxes

 

	
6.1

	
In consideration for the licensing of the [*] granted under Articles 2.1 above,NEXX shall pay to Infineon royalties on the Sales Price (as defined hereafter) in accordance with the following royalty schedule:

 

	
Year

	
Annual

fee

	
Royalty

percent

	
NEXX total net

sales/year

(assumptive)

	
Total royalty to Infineon

(calculation example)

	  
	
2014

	
$ 150.000

	
4 %

	
$ 12.000.000

	
$ 480.000 (=4%) + 150.000

	  
	  	  	  	  	
— $ 630.000

	  
	
2015

	
$ 140.000

	
4 `1/0

	
$ 12.000.000

	
$ 480.000 (=4%) + 140.000

	  
	  	  	  	  	
= $ 620.000

	  
	
2016

	
$ 120-000

	
3 %

	
$ 12.000.000

	
$ 360.000 (=3%) + 120.000

	  
	  	  	  	  	
= $ 480.000

	  
	
2017

	
$ 100.000

	
3 %

	
$ 12,000.000

	
$ 360.000 (=3%) + 100.000

	  
	  	  	  	  	
= $ 460.000

	  

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

In case NEXX, with Infineon’s consent, executes the option to use the license granted hereunder prior to the five years exclusive period as set forth in the Development Agreement, Section 11.2, the foregoing scheme for Year [*] shall apply throughout the entire license period.

 

	
6.2

	
With respect to the Licensed Products sold in normal arms-length commercial transactions by orfor Licensee, “Sales Price” shall mean the aggregate selling price at which NEXX’s customers are billed in the usual course of business for such Licensed Products. With respect to the Licensed Products sold in other than normal arms-length commercial transactions, Sales Price shall mean (i) the aggregate of the selling prices of the same quantities of similar or substantially similar products which are sold in normal arms-length transactions, or (ii) if there are no similar or substantially similar products so sold, twice the actual cost of manufacturing the product.

 

	
6.3

	
As long as NEXX is obliged to pay royalties and for a period of six (6) years thereafter, NEXXshall keep complete and accurate records relating to its manufacture and sale of Licensed Products. NEXX shall report to Infineon on [*] the total number of Licensed Products manufactured and sold or otherwise disposed of, the per unit royalty applicable and the total of royalties due. The reports shall be made not later than thirty (30) days following the quarterly periods described above.

 

	
6.4

	
Infineon shall have the right to audit, through any certified public accountant selected by Infineon the records of NEXX. NEXX shall not be required to submit to any audit more than [*]. Infineon shall provide NEXX, as the case may be, [*] prior written notice of its election to conduct an audit, and any such audit shall be conducted during NEXX’s normal business hours. NEXX agrees to assist the representatives of Infineon in conducting the audit without charge. If any audit reveals that NEXX has underpaid fees by [*] to Infineon, then NEXX shall bear all expenses reasonably incurred by Infineon in connection with the audit. Otherwise, Infineon shall bear its own expenses.

 

	
6.5 

	
Royalty payments shall be made on or prior to the 30th day following the end of a calendarquarter of a year.

 

	
6.6 

	
If any payment under this Agreement is not paid by the due date, then (without prejudice toInfineon’s other rights and remedies) Infineon reserves the right to charge interest on such sum on a day to day basis from the due date to the date of payment at the rate of eight (8) per cent per annum above the “base rate” of the European Central Bank in force during the respective period of time.

 

	
6.7

	
No termination or expiration of this Agreement shall release NEXX from any payments accruingprior to the termination or expiration of this Agreement.

 

	
6.8

	
Any and all taxes, charges and/or other duties imposed by the laws of Austria on any payments tobe made by NEXX to Infineon under or in connection with this Agreement, shall be borne and paid by NEXX.

Section 7-Warranty

 

The [*] is licensed to NEXX “AS IS” and Infineon makes no warranties related to the [*], whether express, statutory, or implied, including but not limited to the implied warranties of merchantability and fitness for a particular purpose, and any implied warranties arising from course of dealing or usage of trade. Infineon does not warrant that the operation of the [*] will be uninterrupted or error-free, and any warranty that any use of the [*] does not infringe on any third party’s Intellectual Property Rights is explicitly excluded.

 

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

Section 8 - Exclusions

 

	
8.1

	
Nothing contained in this Agreement shall be construed as:

 

	 	
i.  

	
restricting the right of Infineon or any of its Affiliates to develop, make, use, sell, or otherwise dispose of any product;

 

	 	
ii.  

	
an obligation of Infineon to file any patent application or to secure any patent or maintain any patent in force;

 

	 	
iii.  

	
imposing on Infineon any obligation to institute against any third party any suit or action for infringement of any of its Intellectual Property Right, or to defend any suit or action brought by a third party which challenges or concerns the validity of any of Infineon’s Intellectual Property Rights licensed hereunder;

 

	 	
iv.  

	
the ability of NEXX to successfully use the [*] provided to NEXX hereunder for the making of Licensed Products;

 

	 	
v.  

	
a warranty or representation by Infineon as to the quality, performance, economic success, merchantability, or fitness for a particular purpose of any of the Licensed Products;

 

	
8.2

	
THE FOREGOING SECTION 8.1 STATES THE ENTIRE LIABILITY OF INFINEON ANDPARTNER, AND THE EXCLUSIVE REMEDY OF INFINEON AND PARTNER., WITH RESPECT TO INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS, EITHER STATUTORY OR EXPRESS OR IMPLIED. EXCEPT AS EXPRESSLY STATED IN THIS SECTION ALL WARRANTIES AGAINST INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS AS MENTIONED BEFORE ARE HEREBY DISCLAIMED TO THE FULLEST EXTENT PERMITTED BY LAW.

 

Section 9 - Confidentiality

 

	
9.1

	
Unless otherwise expressly provided for herein either Party hereto undertakes to keep confidential, even after termination of this Agreement, any information and data, including but not limited to any kind of business, commercial or technical information and data disclosed between the Parties in connection with this Agreement, irrespective of the medium in which such information or data is embedded which shall

 

	 	
·  

	
if in written form, be marked “Confidential” or similarly by the disclosing Party before being turned over to the receiving Party,

 

	 	
·  

	
if orally disclosed be identified as such prior to disclosure and summarized in writing by the disclosing Party and said summary will be given to the receiving Party within [*] of the subject oral disclosure. In case of disagreement, the receiving Party must make any objections to the contents of the summary, in writing, within [*]  of receipt.

 

Such information will hereinafter be referred to as “Confidential Information”. Any idea, algorithm or principle underlying the [*] shall by its nature deemed to be Confidential Information irrespective of being identified as such or not.

 

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

	
9.2

	
The obligation as per Section 9.1 above shall, however, not apply to any information which:

 

	 	
·  

	
is already in the public domain or becomes available to the public through no breach by a Party to this Agreement;

 

	 	
·  

	
was rightfully in the receiving Party’s possession without obligation of confidentiality prior to receipt from the disclosing Party as proved by the written records of the receiving Party;

 

	 	
·  

	
can be proved to have been rightfully received by the receiving Party from a third Party without obligation of confidentiality;

 

	 	
·  

	
is independently developed by the receiving Party as proved by its written records;

 

	 	
·  

	
is in writing and not marked with a legend indicating the same is confidential, or if disclosed in non-tangible form, is not summarized in writing and marked “Confidential” or “Proprietary” within [*]  of the disclosing Party’s disclosure; or

 

	 	
·  

	
is required to be disclosed by any law or regulation, or by the decree of any competent tribunal; provided that the disclosing Party shall limit its disclosure to the information required to be disclosed and shall give notice to the other Party prior to such disclosure and assist such Party in seeking protection of the information to be disclosed.

 

	
9.3

	
The Confidential Information shall be treated by the receiving Party with the same degree of careto avoid disclosure to any third Party as is used with respect to the receiving Party’s own information of like importance which is to be kept confidential.

 

	
9.4

	
The receiving Party shall use the disclosing Party’s Confidential Information only for theimplementation of this Agreement and will derive no rights of any kind, in particular no rights of prior use, from the fact that it as a result of the Confidential Information may possibly obtain knowledge of patentable inventions for which the other Party may possibly apply for intellectual property rights.

 

	
9.5

	
The receiving Party shall disclose Confidential Information only to those of its own and itsAffiliates’ employees, who have a reasonable need to know said Confidential Information and who are bound to confidentiality by their employment agreements or otherwise. The receiving Party may also disclose Confidential Information to those subcontractors authorized by Infineon who have a reasonable need to know said Confidential Information for the execution of the rights and obligations under this Agreement, provided that such persons have entered into a written agreement with the receiving Party containing obligations of confidentiality that are no less restrictive than the obligations imposed on the Parties hereunder.

 

	
9.6

	
To the extent NEXX must process personal data during its work on the subject matter of thisAgreement, it shall observe data protection laws, arrange data security measures with Infineon, and enable Infineon to acquire information regarding compliance with such arrangements.

 

	
9.7

	
Upon termination or expiration of this Agreement, each Party will upon respective request of theother Party immediately return to the other Party the Confidential Information in tangible form including any copies thereof or confirm in writing that such information and any copies thereof have been destroyed.

 

	
9.8

	
On termination or expiration of the Agreement, each Party will upon respective request of theother Party immediately return to the other Party the Confidential Information in tangible form

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

including any copies thereof or confirm in writing that such information and any copies thereof have been destroyed.

 

	
9.9

	
This Section 9 shall survive any termination or expiration of this Agreement.

 

Section 10 - Limitation of liability

 

	
10.1

	
Each Party will without limit be liable for personal injury for which the Party can be heldresponsible.

 

	
10.2

	
EXCEPT FOR NON-COMPLIANCE WITH THE PAYMENT OBLIGATIONS, THE OBLIGATIONS UNDER SECTION 2, SECTION 9, INTENTIONAL BREACH OF CONTRACT OR WHENEVER PARTNER UNDERTAKES LIABILITY FOR ITS AFFILIATES, SUBCONTRACTORS OR SUBLICENSEES HEREUNDER, NEITHER PARTY SHALL BE LIABLE, WHETHER IN CONTRACT, WARRANTY, FAILURE OF A REMEDY TO ACHIEVE ITS ESSENTIAL PURPOSE, TORT (INCLUDING NEGLIGENCE OR STRICT LIABILITY), INDEMNITY, OR ANY OTHER LEGAL OR EQUITABLE THEORY, FOR DAMAGE TO OR LOSS OF OTHER PROPERTY OR EQUIPMENT, BUSINESS INTERRUPTION OR LOST REVENUE, LOSS OF PROFITS OR SALES, COST OF CAPITAL, FOR ANY LOSS OF USE, FOR ANY LOSS OR CORRUPTION OF DATA OR FOR ANY SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES OR FOR ANY OTHER LOSS, COSTS OR EXPENSES OF A SIMILAR TYPE; EVEN IF THE PARTY SOUGHT TO BE HELD LIABLE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL INFINEON BE LIABLE FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS.

 

	
10.3

	
EXCEPT FOR NON-COMPLIANCE WITH SECTION 9, INFINEON’S and NEXX’sulsi61 LIABILITY HEREUNDER, WHETHER IN CONTRACT, WARRANTY, FAILURE OF A REMEDY TO ACHIEVE ITS ESSENTIAL PURPOSE, INDEMNITY, OR ANY OTHER LEGAL OR EQUITABLE THEORY, WILL IN NO EVENT EXCEED [*] FOR ALL LIABILITY IN THE AGGREGATE ARISING UNDER THIS AGREEMENT.

 

	
10.4

	
ANY LIABILITY OF INFINEON SHALL BE EXCLUDED IF PARTNER DOES NOT NOTIFY INFINEON IN WRITING OF ITS CLAIMS WITHIN SIX MONTHS AFTER BEING AWARE OF SUCH RIGHTS.

 

	
10.5

	
THE LIMITATIONS AND EXCLUSIONS SET FORTH IN THIS SECTION 10 SHALL NOT APPLY IN THE CASE OF INFINEON’S WILLFUL MISCONDUCT.

 

	
10.6

	
This Section 10 shall survive any termination or expiration of this Agreement.

 

Section 11 - Force Majeure

 

Neither Party shall be liable to the other for failure or delay in the performance of any of its obligations under this Agreement for the time and to the extent such failure or delay is caused by force majeure such as, but not limited to, riots, civil commotion’s, wars, strikes, lock-outs, hostilities between nations, governmental laws, orders or regulations, actions by the government or any agency thereof, storms, fires, sabotages, explosions or any other contingencies beyond the

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

reasonable control of the respective Party and of its sub-contractors (hereinafter referred to as “Force Majeure”). In such events, the affected Party shall immediately inform the other Party of such circumstances together with documents of proof and the performance of obligations hereunder shall be suspended during, but not longer than, the period of existence of such cause and the period reasonably required to perform the obligations in such cases. Unavailability of funds shall not be deemed Force Majeure.

 

Section 12 - Arbitration

 

	
12.1

	
Any differences or disputes arising out of or in connection with this Agreement or out of or in connection with agreements regarding its performance, including any questions regarding the existence, validity or termination of this Agreement or agreements regarding its performance, during the term of this Agreement or thereafter shall be settled by an amicable effort of both Parties. An attempt to arrive at a settlement shall be deemed to have failed as soon as one of the Parties so notifies the other Party in writing.

 

	
12.2

	
If an attempt at settlement has failed, the dispute shall be finally settled finally and through binding arbitration under the Rules of the International Chamber of Commerce, ICC Paris (hereinafter referred to as “Rules”) by one arbitrator up to an amount of one million Euro and by three arbitrators beyond an amount of one million Euro in accordance with the Rules.

 

	
12.3

	
Each Party shall nominate one arbitrator for confirmation by the competent authority under the applicable Rules (Appointing Authority). Both arbitrators shall agree on the third arbitrator within thirty (30) days. Should the two arbitrators fail, within the above time-limit, to reach agreement on the third arbitrator, such third arbitrator shall be appointed by the Appointing Authority.

 

	
12.4

	
The seat of arbitration shall be Zurich Switzerland. The procedural law of this seat shall apply where the Rules are silent.

 

	
12.5 

	
The language to be used in the arbitration proceeding shall be English.

 

Section 13 - Applicable law

 

This Agreement and all of the respective Annexes hereunder shall be governed by and construed in accordance with the law in force in Switzerland without reference to its conflicts of law provisions. Whenever the English legal meaning differs from the Austrian legal meaning of a term used in this Agreement the Austrian legal meaning shall prevail. The application of the United Nations Convention on Contracts for the International Sale of Goods of April 11, 1980 shall be excluded.

 

Section 14 - Term of the Agreement

 

	
14.1

	
The term of this Agreement shall be valid upon signature by both Parties (“Effective Date”). Unless extended by written agreement or terminated under Section I6 this Agreement shall expire eight (8) years from the signature date (“Expiration”).

 

	
14.2

	
All payment obligations of NEXX accrued prior to Expiration of this Agreement and the stipulations of Section 6 relating thereto shall remain in effect. Articles I, 2.2, 3, 6, 7, 8, 9, 10, 12, 13, 14.2 shall survive any Expiration of this Agreement.

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

Section 15 - Termination

 

	
15.1

	
This Agreement may by written notice be forthwith terminated by a Party having such right as herein provided, without prejudice to any other rights such Party may have, upon the occurrence of either one or more of the following events stated below:

 

	 	
·  

	
by either Party in the event that the other has failed substantially to perform a material contractual obligation, provided that such default is not remedied to the terminating Party’s reasonable satisfaction, within [*] after written notice to the other Party specifying the nature of such default and requiring remedy of the same.

 

	 	
·  

	
by either Party in the event that the other Party voluntarily files a petition in bankruptcy or has such a petition involuntarily filed against it (which petition is not discharged within thirty (30) days after filing), or is placed in an insolvency proceeding, or if an order is issued appointing a receiver or trustee or a levy or attachment is made against a substantial portion of its assets which order shall not be vacated, or set aside within thirty (30) days from date of issuance, or if any assignment for the benefit of its creditors is made, provided however, all sublicenses granted to sublicensees shall remain in full force and effect.

 

	
15.3

	
Upon termination or expiration of this Agreement, NEXX shall pay Infineon immediately any amounts due to Infineon, if any, and cease any use of the [*]. All obligations of NEXX accrued prior to termination, and those obligations relating to confidentiality, protection of the [*] and restriction to use shall survive termination.

 

Section 16 — Assignment

 

Infineon and NEXX may freely assign or transfer this Agreement to an Affiliate or in any manner without the prior written consent of the other party as part of a transfer of all or of a substantial part of the activities to which the subject matter of this Agreement pertains whether by sale, merger, corporate reorganization or consolidation.

 

Section 17 - Miscellaneous

 

	
17.1 

	
Written Form

This Agreement shall not be modified or amended except by a written agreement dated subsequently to the date of this Agreement and signed on behalf of Infineon and NEXX by their respective duly authorized representatives as an amendment hereto. This requirement of written form can only be waived in writing.

 

	
17.2 

	
No Exclusivity

Nothing in this Agreement shall constitute any exclusivity between the Parties regarding the subject matter of this Agreement. Therefore, for avoidance of any doubt, Infineon shall be free to provide and deliver the same or similar [*] to any third party subject to the Confidentiality provisions in this Agreement.

	
17.3 

	
General Terms and Conditions not applicable

General Terms and Conditions of Infineon or NEXX, if any, shall not apply within the scope of this Agreement.

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

	
17.4 

	
No Agency

The Parties are independent contractors and nothing in this Agreement is intended or shall be construed as to one Party being considered or permitted to be an agent, partner, or joint venturer of the other Party. Except as specified herein, neither party shall have the right, power or implied authority to create any obligation or duty, express or implied, on behalf of the other Party hereto.

 

	
17.5 

	
Notices

Any notices permitted or required hereunder shall be made in the English language by registered mail or by telefax and confirmed by registered mail to the following addresses or such other addresses as submitted by a Party to the other from time to time in writing:

 

	 	
If to NEXX:

 

NEXX Systems, Inc. 

Att: Stan Piekos CFO

900 Middlesex Turnpike Bldg 6 

Billerica MA 01821-3929 

 

With a copy to: 

 

Mintz Levin

Att:Neil Aronson

One Financial Center

Boston MA

	
If to Infineon:

 

Infineon Technologies Austria AG

Att: Petra Darnhofer-Demar/ IFAG LP L 3

Siemensstrasse 2

9500 Villach

Austria

 

With a copy to..

 

   Infineon Technologies AG

   Att: Nikolaus Sieveking/ IFAG LP L 3

   85579 Neubiberg,

   Germany

 

 

 

 

	
17.6 

	
Explicit Grants

Except as specifically provided for in this Agreement, no rights or licenses of any kind (whether express or implied) are granted hereunder.

 

	
17.7 

	
Non-Waiver

No express or implied waiver by any of the Parties to this Agreement of any breach of any term, condition or obligation of this Agreement shall be construed as a waiver of any subsequent or continuing breach of that term, condition or obligation or of any other term, condition or obligation of this Agreement of the same or of a different nature. Any waiver, consent, or approval of any kind regarding any breach, violation, default, provision or condition of this Agreement must be in writing and shall be effective only to the extent specifically set forth in such writing.

 

	
17.8 

	
Entire Agreement

This Agreement and all Annexes referred to herein, constitutes the entire agreement between the Parties with respect to the subject matter therein described, and supersedes any prior or simultaneous communications, representations or agreements with respect hereto, whether oral or written.

 

	
17.9 

	
Press Releases

Press releases or other information on the conclusion/content of this Agreement shall only be made available to third parties, in particular press agencies, with the prior written consent of the other Party hereto.

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

	
17.10 

	
Severability

If any provision of this Agreement is held to be invalid, illegal or unenforceable under applicable law the remaining provisions shall continue to be in full force and effect. The Parties undertake to replace the invalid provision or parts thereof by a new provision which will approximate as closely as possible the economic result intended by the Parties.

 

Section 18 - List of Annexes

 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be signed by their respective duly authorized representatives.

 

 

	
Villach, 2009

 

/s/ Mag. Monika Kircher Kohl

 

Mag. Monika Kircher-Kohl Chief Executive Officer

 

Infineon Austria AG

	
 

 

 

 

10/16/2009

 

NEXX Systems, Inc.

 

/s/ Stanley D. Piekos

 

 

 

 

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Annex 1:

 

 

ANNEX 1 to Development Agreement between NEXX Systems. Inc. and Infineon Technologies

 

 

Infineon Technologies Austria AG

 

Tool and Process Specification

 

[*]

 

by and between

 

NEXX Systems, Inc., USA

(hereinafter referred to as “NEXX”)

 

and

 

Infineon Technologies Austria AG, Austria

(hereinafter referred to as “IFX”)

 

 

 

 

 

 

  

  

  

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

 

 

 

 

 

 

 

 

 

 [*]

 

Specification acceptance:

 

	
Infineon Technologies AG, Germany

/s/ Michael Melrl

Name: Michael Melrl

18/09/09

Date

	
Nexx Systems, Inc., USA

/s/ David Volfson

Product Manager

9-12-09exh10-23_16709.htm

EXHIBIT 10.23

 

[ * ] =Certain information on this page has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

PATENT AND KNOW-HOW LICENSE AGREEMENT

 

This AGREEMENT dated as of August 7, 2001 made by and between Applied Science and Technology, Inc., a Delaware corporation having a principal place of business at 90 Industrial Way, Wilmington, Massachusetts, 01887 (“AST”) and ASTeX PlasmaQuest Inc., a corporation of Texas having a principal place of business at 12024 Forestgate Drive, Dallas Texas 75243 (“PlasmaQuest”) (AST and PlasmaQuest are collectively referred to as “Licensors”), on the one hand, and NEXX System LLC, a Delaware limited liability company corporation having its principal place of business at 90 Industrial Way, Wilmington, Massachusetts 01887-4610 (“NEXX”), on the other hand.

 

INTRODUCTION

 

Pursuant to a Transaction Agreement of even date hereof (the “Transaction Agreement”), NEXX is acquiring certain assets related to Licensors' PQ Product Line Business and the Nimbus Product Line Business (as those terms are defined in the Transaction Agreement), and in connection with that acquisition, NEXX desires, and Licensors are willing to grant, a license under certain patents and related know-how to enable it to develop and manufacture Licensed Products (defined below) for internal research and development purposes and for sale to customers in the Field (defined below) on an exclusive basis and for use in Systems (as hereinafter defined) sold into all fields other than the Field on a non-exclusive basis. In consideration of the mutual covenants and promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensors and NEXX agree as follows:

 

1. DEFINITIONS

 

As used in this Agreement, the following terms, whether used in the singular or plural, shall have the following meanings:

 

1.1 “Field” means the semiconductor, optoelectronic and photonic businesses.

 

 1.2 “Know-How” means any and all non-public technical data, information, or knowledge developed by Licensors which was used by Licensors in the Division Businesses (as that term is defined in the Transaction Agreement) prior to the Effective Date, other than such data, information and knowledge which was assigned to NEXX pursuant to the Transaction Agreement.

 

1.3 “Licensed Product” means an electronic cyclotron resonance (“ECR”) plasma source which is covered by a Valid Claim of a patent in the UC Patent Rights or the Licensor Patent Rights.

 

1.4 “Licensor Patent Rights” means all of the following intellectual property:

  

  

  

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(a)  

	
the United States and foreign patents and/or patent applications listed in Appendix A;

 

	
(b)  

	
United States and foreign patents issued from the applications listed in Appendix A and from divisionals and continuations of these applications;

 

	
(c)  

	
claims of U.S. and foreign continuation-in-part applications, and of the resulting patents, which are directed solely to subject matter specifically described in the U.S. and foreign applications listed in Appendix A;

 

	
(d)  

	
claims of all foreign patent applications, and of the resulting patents, which are directed to solely subject matter specifically described in the United States patents and/or patent applications described in (a), above; and

 

	
(e)  

	
any reissues, reexaminations, or extensions of United States and foreign patents described in (a) and (b), above.

 

 1.5 “NEXX Affiliate” shall mean:

 

	
(a)  

	
a related company of NEXX, the voting stock of which is directly or indirectly at least fifty percent (50%) owned or controlled by NEXX;

 

	
(b)  

	
an organization which directly or indirectly controls more than fifty percent (50%) of the voting stock of NEXX; and

 

	
(c)  

	
an organization, the majority ownership of which is directly or indirectly common to the ownership of NEXX.

 

 1.6 “Party” means Licensors or NEXX; “Parties” means Licensors and NEXX.

 

 

 1.7 “Systems” means a stand alone unit (and not modules or components unless otherwise approved by Licensors) requiring only utilities to operate.

 

 1.8 “UC” means The University of Cincinnati.

 

 1.9 “UC License Agreement” means the License Agreement between Plasma Quest, Inc. and the University of Cincinnati dated January 1, 1994.

 

 1.10 “UC Patent Rights” means U.S. Patent No. 5,196,670 to Tom Mantei entitled “Magnetic Plasma Producing Device with Adjustable Resonance Plane,” which issued on March 23, 1993 from Serial No. 416,531; U.S. Patent No. 5,869,802 entitled “Plasma Producing Structure” which issued on February 9, 1999; and any other patents which are licensed to Licensors pursuant to the UC License Agreement,

  

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 1.11. “Valid Claim” means a claim of any unexpired United States or foreign patent or patent application which shall not have been withdrawn, canceled or disclaimed, nor held invalid by a court of competent jurisdiction in an unappealed or unappealable decision.

 

2. LICENSE

 

 2.1 Subject to the terms and conditions of this Agreement, Licensors hereby grant to NEXX:

 

(a) a worldwide, exclusive, fully paid up, irrevocable, transferable license under the Licensor Patent Rights to (i) use Licensed Products and Know-How solely in the Field (ii) make and have made Licensed Products and (iii) import, sell and offer to sell Licensed Products solely to customers for use in the Field; and

 

(b) a worldwide, non-exclusive, fully paid up, irrevocable, non-transferable license under the Licensor Patent Rights to (i) use Licensed Products and Know-How in Systems outside of the Field (ii) make and have made Licensed Products in Systems outside the Field and (iii) import, sell and offer to sell Licensed Products to customers in Systems outside of the Field.

 

The license granted in this Section 2.1 shall include (a) the right to sublicense the rights granted in subsections 2.1(a) and (b) to NEXX Affiliates and (b) the right to sublicense the rights granted in subsections 2.1(a) (ii) and (iii) to third parties. NEXX shall also have the right to transfer or sublicense the rights granted under Section 2.1(b) (ii) and (iii) to any party acquiring substantially all of the assets of NEXX or substantially all of the assets of any of the NEXX Affiliates.

 

 2.2 Subject to the terms and conditions of this Agreement, Licensors hereby grant to NEXX:

 

 (a) a worldwide, exclusive, royalty bearing, non-transferable (except as provided in Section 9.2) license under the UC Patent Rights to (i) use the Licensed Products solely in the Field, (ii) make and have made Licensed Products for use in the Field , and (iii) import, sell and offer to sell Licensed Products solely to customers for use in the Field; and

 

 (b) a worldwide, non-exclusive, royalty bearing, non-transferable (except as provided in Section 9.2) license under the UC Patent Rights to (i) use Licensed Products and Know-How in Systems outside of the Field (ii) make and have made Licensed Products in Systems outside the Field and (iii) import, sell and offer to sell Licensed Products to customers for Systems used in businesses outside of the Field.

 

The license granted in this Section 2.2 shall include the right to sublicense the rights granted in subsections 2.2(a) and (b) to NEXX Affiliates and (b) the right to sublicense the rights granted in subsections 2.2(a) (ii) and (iii) to third parties. Subject to Section 9.2, NEXX shall also have the right to transfer or sublicense the rights granted under Section 2.2(b) (ii) and (iii) to any party acquiring substantially all of the assets of NEXX or substantially all of the assets of any of the NEXX Affiliates.

  

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 2.3 The license under the UC Patent Rights specified in Section 2.2 is subject to the rights, if any, of the United States government and to a reservation of a non-transferable right of UC to utilize the UC Patent Rights for the purposes of UC, not including commercial resale in volume.

 

 2.4 If at any time during the term of this Agreement Licensors (i) file a petition in bankruptcy or a petition seeking reorganization, liquidation, administration or similar relief or such petition is filed against it which is not dismissed or stayed within 30 calendar days, (ii) are adjudicated bankrupt or insolvent, (iii) seek or consent to the appointment of a trustee, receiver, liquidator or administrator (a “Trustee”), or (iv) admit in writing their inability to pay their debts as they become due, NEXX, in its sole discretion, may either treat this Agreement as terminated or elect to retain its rights hereunder to the Licensor Patent Rights and the Know-How and the UC Patent Rights (including any exclusivity rights) for the duration of this Agreement.

 

3. INTELLECTUAL PROPERTY AND OTHER RIGHTS

 

3.1 Ownership of Patent Rights. Licensors shall retain all rights, title and interest in and to the Licensor Patent Rights and Know-How. UC and/or Licensors shall retain all rights, title and interest in and to the UC Patent Rights.

 

 3.2 Maintenance of Licensor Patents and UC License Agreement.

 

a) Except as set forth in this Sections 3.2 and in Section 3.3 below, NEXX shall have no right to file, prosecute, maintain and enforce the MKS Patent Rights and the UC Patent Rights. If Licensors elect (i) not to pay maintenance fees on any patent within the LICENSOR Patent Rights or (ii) not to prosecute any patent within the UC Patent Rights or the LICENSOR Patent Rights, it shall notify NEXX, and NEXX shall have thirty (30) days from the date of such notice within which to notify Licensors as to whether it wishes to take over the prosecution of such application (including all fees associated therewith), or pay such maintenance fees.

 

b) During the Term, Licensors shall use [*] efforts to maintain in full force and effect the UC License Agreement.

 

 3.3 Infringement.

 

a) NEXX shall promptly report in writing to Licensors during the Term of this Agreement any infringement or suspected infringement of any of the Licensor Patent Rights or UC Patent Rights of which it becomes aware, and shall provide Licensors with all available evidence supporting said infringement, suspected infringement or unauthorized use or misappropriation. Licensors shall promptly report in writing to NEXX during the Term of this Agreement any infringement or suspected infringement in the Field of any of the Licensor Patent

  

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Rights or UC Patent Rights of which it becomes aware, and shall provide NEXX with all available evidence supporting said infringement, suspected infringement or unauthorized use or misappropriation.

 

b) Except as provided in 3.3(c), NEXX shall have the right to initiate an infringement suit, complaint to the ITC, or other appropriate action, in its own name or in the name of Licensors with respect to the Licensor Patent Rights, against any thirty party for infringement of the Licensor Patent Rights in the Field. NEXX shall give Licensors sufficient advance written notice of its intent to initiate such action and the reasons therefor, and shall provide Licensors with any opportunity to make suggestions and comments regarding such action. NEXX shall keep Licensors promptly informed of the status of any such action. NEXX shall have the right to select counsel for and shall pay all expenses of such action. Licensors shall offer reasonable assistance to NEXX in connection therewith at no charge to NEXX except for reimbursement of reasonable out-of-pocket expenses. NEXX may settle any such action in its discretion. Any damages, profits or awards of whatever nature recovered from such action shall belong solely to NEXX.

 

(c) In the event that NEXX does not, within six (6) months after notice of infringement under Section 3.3(a), (i) secure cessation of the infringement, (ii) file suit against the infringer, (iii) provide Licensors with evidence of the pendency of a bona fide negotiation for the acceptance by the infringer of a sublicense under the applicable Licensor Patent Rights, or (iv) advise Licensors that enforcement has been deferred against this particular prospective licensee for a reasonable business purpose, Licensors shall thereafter have the right but not the obligation to take action against the infringer in the Field at Licensors' own expense. NEXX shall offer reasonable assistance to MKS in connection with such action at no charge to Licensors except for the reimbursement of reasonable out-of-pocket expenses. Any damages, profits or awards of whatever nature recovered from such action shall belong solely to Licensors. Licensors reserve the sole right as between Licensors and NEXX to pursue infringers of the UC Patent Rights and of the Licensor Patent Rights outside the Field.

 

 3.4 Additional Representations.

 

a) Each party represents, warrants and covenants that the execution, delivery and performance by that party of this Agreement (i) are within that party's corporate powers; (ii) have been duly authorized by all necessary corporate action under its organizational documents; (iii) require no action by or in respect of, or filing with, any state or federal governmental body, agency or official other than those filings which, if not made, would not have a material adverse effect on such party's ability to perform its obligations under this Agreement; and (iv) do not contravene, or constitute a default under, any provision of applicable law or regulation or of the organizational documents of that party or of any agreement, judgment, injunction, order, decree or other instrument binding upon that party. The Licensors and NEXX agree to inform the other parties hereto promptly if any statement set forth in this Section ceases to be true and correct as of any date after the date hereof.

 

b) Each of the Licensors represents, warrants and covenants that there are no actions, suits, or proceedings, pending or threatened, which may have a material adverse effect

  

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on such Licensor's ability to fulfill its obligations under this Agreement or the UC License Agreement. Each of the Licensors further covenants that it will promptly notify NEXX if, during the term of this Agreement, such Licensor becomes aware of any action, suit or proceeding, pending or threatened, which may reasonably be expected to have a material adverse effect on such Licensor's ability to fulfill its obligations under this Agreement or the UC License Agreement.

 

4. TERM

 

 4.1 This Agreement shall remain in effect as to the Licensor Patent Rights until the expiration of the last to expire of the Licensor Patent Rights and as to the Know-How for a period of seventeen (17) years from the effective date of this Agreement. Notwithstanding the foregoing, the license under the UC Patent Rights shall (i) terminate immediately in the event that PlasmaQuest loses its rights to such UC Patent Rights under the UC License Agreement or shall (ii) become non-exclusive in the event that the license to PlasmaQuest under the UC License Agreement becomes non-exclusive.

 

 4.2 If this Agreement or any rights granted hereunder are terminated, or if any exclusive rights become non-exclusive pursuant to Section 4.1, neither party shall be relieved of any obligation incurred prior to such termination or conversion.

 

5. ROYALTY

 

 5.1 NEXX shall pay to Licensors royalties on the sale of products covered under the UC Patent Rights to the same extent that Licensors are obligated to pay such royalties to UC under the UC License Agreement. If, in any given calendar year, the combined payments of Licensors and NEXX under the UC License Agreement (“Combined Payments”) are less than the minimum total royalty payment of [*] due to UC under the UC License Agreement (“Minimum Payment”), [*]

 

 5.2 NEXX shall deliver to Licensors within [*] after the end of each [*] a written report showing its sales of Licensed Products and its computation of remuneration to Licensors due under this Agreement (for royalties due under the UC License Agreement) for such [*] and at the same time make the payment of the remuneration due. All net sales shall be segmented in each such report according to sales on a country-by-country basis, including the rates of exchange used for conversion to USA Dollars from the currency in which such sales were made. In cases of sales outside the USA, royalty payments shall be made in net USA Dollars. The amounts shall be calculated using currency exchange rates actually incurred by NEXX.

 

 5.3 NEXX shall keep for a period of [*] following the year to which such records relate, full, true and accurate books of accounts and other records containing all information and data which may be necessary to ascertain and verify the remuneration payable to Licensors hereunder. During the Term of this Agreement and for a period of [*] following its termination, Licensors and UC shall have the right to audit, or have an agent, accountant or other representative, audit such books, records and supporting data, on [*] notice.

  

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6.  WARRANTY DISCLAIMER

 

 Nothing in this Agreement shall be construed as:

 

 6.1a warranty or representation by Licensors or UC as to the scope of any of the Licensor Patent Rights or UC Patent Rights;

 

 6.2a warranty or representation by Licensors or UC that anything made, used, sold or otherwise disposed of under any license granted in this Agreement is or will be free from infringement of patents, copyrights and/or trademarks of third parties;

 

 6.3an obligation of Licensors or UC to bring or prosecute actions or suits against third parties for infringement (except as expressly provided in Section 3.3);

 

 6.4conferring rights to use in advertising, publicity or otherwise any trademark or the name of Licensors or UC;

 

 6.5granting by implication, estoppel or otherwise any licenses under patents of Licensors or UC other than the Licensor Patent Rights and the UC Patent Rights;

 

 6.6. Except as expressly set forth in this Agreement, NEITHER LICENSORS NOR UC MAKE ANY REPRESENTATIONS, EXTEND ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, OR ASSUME ANY RESPONSIBILITY WHATEVER WITH RESPECT TO THE USE, SALE OR OTHER DISPOSITION BY NEXX OR ITS VENDEES OR OTHER TRANSFEREES OF PRODUCTS INCORPORATING OR MADE BY USE OF INVENTIONS LICENSED UNDER THIS AGREEMENT. SUCH INVENTIONS ARE PROVIDED AS IS, WITHOUT WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR ANY OTHER WARRANTY, EXPRESS OR IMPLIED.

 

7.  INDEMNIFICATION

 

 7.1 NEXX agrees to defend UC and Licensors at NEXX's cost and expense, and will indemnify and hold harmless UC and Licensors from and against any and all liabilities, demands, losses, costs, damages, fees or expenses arising out of use by NEXX or its transferee of the UC Patent Rights and the Licensor Patent Rights, or out of the manufacture, use, commercialization, marketing or sale by NEXX of Licensed Products.

 

 7.2 NEXX will attempt to include an indemnity clause in each sublicense, which will require the sublicensee to hold UC and Licensor harmless against all liabilities, demands, damages, expenses, or losses arising out of use by the sublicensee or its transferee of the UC Patent Rights and the Licensor Patent Rights, or out of any manufacture, use commercialization, marketing or sale by the sublicensee or its transferee of Licensed Products. If NEXX does not

  

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include such an indemnity clause in any particular sublicense, then NEXX shall assume the obligation to hold UC and Licensors harmless against all liabilities, demands, damages, expenses, or losses arising out of use by that sublicensee or its transferee of the UC Patent Rights and the Licensor Patent Rights, or out of any sale or other disposition by the sublicensee or its transferee of Licensed Products.

 

8. SUBLICENSES

 

 8.1 In the event that NEXX shall grant sublicenses to third parties, each such sublicense shall be embodied in a written document and copied to Licensors at the time of its grant, and such sublicensee shall be subject to all applicable obligations of NEXX under this Agreement (including without limitation the obligation to make books available for inspection, the obligation to indemnify UC and Licensors, royalty provisions at least equal to those paid by NEXX, and, if NEXX chooses to grant any exclusive sublicense, an obligation on such exclusive sublicensee to diligently pursue enforcement of any infringers under the UC Patent Rights as described in Section 3.3. NEXX hereby assumes responsibility for the performance of all obligations imposed on its sublicensees by this Agreement, except as provided in Section 7.2 above, and will itself pay and account to Licensors for all payments due under this Agreement which may accrue by reason of the operations of each sublicensee.

 

9. ASSIGNABILITY

 

 9.1 None of the rights or obligations of NEXX with respect to the UC Patent Rights may be assigned by NEXX without the prior written consent of the other party, except as provided in Section 9.2.

 

 9.2 The licenses received by NEXX under the UC Patent Rights shall pass to any assigns for the benefit of creditors of NEXX, and to any receiver of its assets, or to any person or corporation succeeding to its entire business as a result of sale, consolidation, reorganization, or otherwise, provided such assignee, receiver, person, or legal entity shall, without delay, accept in writing the provisions of this agreement and agree to become in all respects bound thereby in the place and stead of the licensed party, but may not otherwise be transferred without the written consent of Licensors.

 

10. EXPORT CONTROL

 

 It is understood that UC and Licensors are subject to United States laws and regulations controlling the export of technical data, computer software, laboratory prototypes and other commodities (including inter alia the Arms Export Control Act, as amended and the Export Administration Act of 1979 as amended), and that its obligations hereunder are contingent on compliance with all applicable United States export laws and regulations. The transfer of certain technical data and/or commodities may require a license from the cognizant agency of the United States Government and/or written assurances by NEXX that NEXX shall not export data or

  

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commodities to certain foreign countries without prior approval of such agency. Neither UC nor Licensors represents or warrants that a license shall not be required or that, if required, it shall be issued. In any event, NEXX specifically agrees not to export or re-export any information and/or technical data and/or products in violation of any applicable USA laws and/or regulations.

 

11. MISCELLANEOUS

 

 11.1 Publicity. No Party shall originate any publicity, news release or other public announcement, written or oral, relating to this Agreement without the prior written approval of each other Party except as otherwise required by law. Such approval shall not be unreasonably withheld.

 

 11.2 Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts without regard to its internal conflicts of laws provisions.

 

 11.3 Waiver. The waiver by any Party of a breach or a default of any provision of this Agreement by any other Party shall not be construed as a waiver of any succeeding breach of the same or any other provision, nor shall any delay or omission on the part of a Party to exercise or avail herself or itself of any right, power or privilege that she or it has or may have hereunder operate as a waiver of any right, power or privilege by such Party.

 

 11.4 Notices. Any notice or other communication in connection with this Agreement must be in writing and sent by certified mail, return receipt requested, overnight courier or hand and shall be effective when delivered to the addressee at the address listed below or such other address as the addressee shall have specified in a notice actually received by the addressor.

 

 If to Licensors:

 

Applied Science and Technology, Inc. Six Shattuck Road

Andover, MA 01801

Attn: Chief Financial Officer

 

 with a copy to:                     Hale and Don LLP

                                                                60 State Street

                                                                Boston, MA 02109

                                                                Attn: Jeffrey A. Hermanson, Esq.

 

 If to NEXX:                          NEXX Systems, LLC

90 Industrial Way

                                                                Andover, Massachusetts 01887-4610

                                                                Attention: Richard S. Post, President

  

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 with a copy to:                     Mintz Levin Cohn Ferris Glovsky and Popeo, P.C.

One Financial Center

Boston, Massachusetts 02111

Attn: Neil H. Aronson, Esq.

 

 11.5 No Agency. Nothing herein shall be deemed to constitute MKS, on the one hand, or NEXX, on the other hand, as the agent or representative of the other, or as joint venturers or partners for any purpose.

 

 11.6 Entire Agreement. This Agreement and the Exhibit hereto contain the full understanding of the Parties with respect to the subject matter hereof and supersede all prior understandings and writings relating thereto. No waiver, alteration or modification of any of the provisions hereof shall be binding unless made in writing and signed by the Parties.

 

 11.7 Headings. The headings contained in this Agreement are for convenience of reference only and shall not be considered in construing this Agreement.

 

 11.8 Severability. In the event that any provision of this Agreement is held by a court of competent jurisdiction to be unenforceable because it is invalid or in conflict with any law of any relevant jurisdiction, the validity of the remaining provisions shall not be affected.

 

 11.9 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their successors and permitted assigns.

 

 11.10 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of such together shall constitute one and the same instrument.

 

 11.11 Force Majeure. No Party to this Agreement shall be responsible to the other Party for nonperformance or delay in performance of the terms or conditions of this Agreement due to acts of God, acts of governments, war, riots, strikes, accidents in transportation, or other causes beyond the reasonable control of such Party.

 

 11.12 Confidentiality. Both parties shall maintain as confidential and shall not disclose, copy, nor use for purposes other than the performance of this Agreement, any information which relates to the other party's business affairs, trade secrets, technology, research and development, pricing, or the terms of this Agreement (“Confidential Information”) and each agrees to protect that Confidential Information with the same degree of care it exercises to protect its own confidential information (and in no event less than a reasonable degree of care) and to prevent the unauthorized, negligent, or inadvertent use, disclosure, or publication thereof. Upon expiration or termination of this Agreement, both parties agree to return respective to each other all such Confidential Information. Breach of confidentiality may cause irreparable damage and therefore, the injured party shall have the right to equitable and injunctive relief, and to recover the amount of damages (including reasonable attorneys' fees and expenses) incurred in connection with such unauthorized use.

 

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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed in their names by their properly and duly authorized officers or representatives as of the date first above written.

 

APPLIED SCIENCE AND

 

TECHNOLOGY, INC.                                                                NEXX SYSTEMS LLC

 

By: /s/ John R. Bertuccini                                                         By: /s/ Richard S. Post

 

Title: President                                                                           Title: President

 

 

 

 

ASTEX PLASMAQUEST, INC.

 

By: /s/ John R. Bertuccini

Title: President                                                      

  

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EXHIBIT A

 

U.S. Patent No. 6,163, 006 issued December 19, 2000 entitled, “Permanent Magnet ECR Plasma Source with Magnetic Field Optimization.” Inventors: Doughty and Spencer. (File No. MKS/ASTSYS-0048.

 

U.S. Patent No. 6,225,592 issued May 1, 2001 entitled, “Microwave Energy into a Plasma Processing Chamber.” Inventor: Doughty. (File No. MKS/ASTSYS-0051.)

 

European Patent Application No. 99905683.1 filed February 2, 1999 entitled “Permanent Magnet ECR Plasma Source with Magnetic Field Optimization.” Inventors: Doughty and Spencer. (File No. MKS/ASTSYS-0048 Europe).

 

Japanese Patent Application No. 2000-530333 filed February 2, 1999 entitled “Permanent Magnet ECR Plasma Source with Magnetic Field Optimization.” Inventors: Doughty and Spencer. (File No. MKS/ASTSYS-0048 Japan).

 

  

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