Document:

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                                                                   EXHIBIT 10.22

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR
HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT
COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE
ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE HOLDER OF THESE
SECURITIES REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE,
TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND
PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

                                                       Void after June 6, 2002

                    IMMERSION HUMAN INTERFACE CORPORATION
                        COMMON STOCK PURCHASE WARRANT

      THIS CERTIFIES THAT, for value received, Intel Corporation, a Delaware
corporation (the "Holder") is entitled to purchase one hundred thirteen thousand
(113,000) shares of Common Stock ("Shares") of Immersion Human Interface
Corporation, a California corporation, at a price of $0.15 per share ("Warrant
Price"), subject to adjustments as provided for in Section 5 and all other terms
and conditions set forth in this Warrant.

      1.    Definitions.  As used herein, the following terms, unless the
context otherwise requires, shall have the following meanings:

            (a) "Act" shall mean the Securities Act of 1933, as amended, or any
successor federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

            (b) "Commission" shall mean the Securities and Exchange Commission,
or any other Federal agency at the time administering the Act.

            (c) "Company" shall mean IMMERSION HUMAN INTERFACE CORPORATION, a
California corporation, and any corporation which shall succeed to or assume the
obligations of IMMERSION HUMAN INTERFACE CORPORATION, under this Warrant.

            (d) "Common Stock" shall mean shares of the Company's Common Stock.

            (e) "Date of Grant" shall mean June 6, 1997.

            (f) "Holder" shall mean any person who shall at the time be the
registered holder of this Warrant.

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                                                              INTEL CONFIDENTIAL
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            (g) "Purchase Agreement" shall mean that certain Series C Preferred
Stock and Common Stock Warrant Purchase Agreement dated June 6, 1997.

      2.    Issuance of Warrant and Consideration Therefor.  This Warrant is
issued in consideration of the Holder's willingness to enter into commercial
relationships with the Company.

      3.    Term.  Subject to Section 5 below, the purchase right represented
by this Warrant is exercisable only during the period commencing upon the
Date of Grant and ending on June 6, 2002 (the "Exercise Period").

      4.    Method of Exercise and Payment.

            (a) Method of Exercise. During the Exercise Period and subject to
compliance with all applicable Federal and state securities laws, the purchase
right represented by this Warrant may be exercised, in whole or in part and from
time to time, by the Holder by (i) surrender of this Warrant and delivery of the
Notice of Exercise or Conversion (the form of which is attached hereto as
Exhibit A), duly executed, at the principal office of the Company and (ii)
payment to the Company of the aggregate Warrant Price for the Shares being
purchased pursuant to one of the payment methods permitted under Section 4(c)
below.

            (b) Conversion. In lieu of exercising this Warrant or any portion
hereof, Holder shall have the right to convert this Warrant or any portion
hereof during the Exercise Period into shares of Common Stock by executing and
delivering to the Company, at its principal office, the written Notice of
Exercise or Conversion in the form attached hereto as Exhibit A, specifying the
portion of the Warrant to be converted, and accompanied by this Warrant. The
number of Shares to be issued upon such conversion shall be that number of
shares equal to the quotient by dividing (x) the value of the converted portion
of the Warrant at the time the conversion right is exercised (determined by
subtracting the aggregate Warrant Price for the Shares represented by the
portion of the Warrant to be converted from the aggregate fair market value) by
(y) fair market value of one Share. Any portion of this Warrant that is
converted shall be immediately canceled. The fair market value shall be
determined pursuant to Section 4(d).

            (c) Method of Payment. Payment shall be made either (1) by check
drawn on a United States bank and for United States funds made payable to the
Company, (2) by wire transfer of United States funds for the account of the
Company, (3) by cancellation of indebtedness of the Holder, (4) shares of stock
of the Company valued at fair market value as determined pursuant to Section
4(d), or (5) by payment of stock held in a public company with a value equal to
the average of the closing price of such stock for each of the fifteen (15)
consecutive trading days ending three (3) business days prior to the Exercise
Date.

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                                                              INTEL CONFIDENTIAL
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            (d) Fair Market Value. If the Shares are traded in a public market,
the fair market value of the Shares shall be the closing price of the Shares
reported for the business day immediately before Holder delivers its Notice of
Exercise/Conversion to the Company. If the Shares are not traded in a public
market, the Board of Directors of the Company shall determine fair market value
in its reasonable good faith judgment.

            (e) Investment Letter. Upon exercise or conversion of the Warrant
hereof, Holder shall either (i) execute and deliver to the Company an investment
letter in the form attached hereto as Exhibit B, or (ii) deliver to the Company
an opinion of counsel for Holder reasonably satisfactory to the Company, stating
that such exercise or conversion is exempt from the registration and prospectus
delivery requirements of the Act.

            (f) Delivery of Certificate. In the event of any exercise of the
purchase right represented by this Warrant, certificates for the Shares so
purchased shall be delivered to the Holder within fifteen (15) days of delivery
of the Notice of Exercise and, unless this Warrant has been fully exercised or
has expired, a new warrant representing the portion of the Shares with respect
to which this Warrant shall not then have been exercised shall also be issued to
the Holder within such fifteen (15) day period.

            (g) No Fractional Shares. No fractional shares shall be issued in
connection with any exercise hereunder, but in lieu of such fractional shares
the Company shall make a cash payment therefor upon the basis of the fair market
value per Common Stock as of the date of exercise.

      5.    Sale, Merger, or Consolidation of the Company.

            (a) "Acquisition". For the purpose of this Warrant, "Acquisition"
means any sale, license, or other disposition of all or substantially all of the
assets (including intellectual property) of the Company, or any reorganization,
consolidation, or merger of the Company where the holders of the Company's
securities before the transaction beneficially own less than 50% of the
outstanding voting securities of the surviving entity after the transaction.

            (b) Assumption of Warrant. If, upon the closing of any Acquisition
the successor entity assumes the obligations of this Warrant, then this Warrant
shall be exercisable for the same securities, cash, and property as would be
payable for the Shares issuable upon exercise of this Warrant as if such Shares
were outstanding on the record date for the Acquisition and subsequent closing.
The Warrant Price shall be adjusted accordingly.

            (c) Non-Assumption. If upon the closing of any Acquisition the
successor entity does not assume the obligations of this Warrant and Holder has
not otherwise exercised or converted this Warrant, then this Warrant shall be
deemed to have been automatically converted

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                                                              INTEL CONFIDENTIAL
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pursuant to Section 4(b) and thereafter Holder shall participate in the
Acquisition on the same terms as other holders of the same class of securities
of the Company.

      6.    Adjustment of Warrant Price and Number of Shares. The number of
securities issuable upon the exercise of this Warrant and the Warrant Price
shall be subject to adjustment from time to time upon the occurrence of certain
events, as follows:

            (a) Stock Splits, Stock Dividends and Combinations. In case the
Company shall at any time subdivide the outstanding shares of Common Stock, or
shall issue a stock dividend on its outstanding Common Stock, the Warrant Price
in effect immediately prior to such subdivision or the issuance of such stock
dividend shall be proportionately decreased, and the number of Shares shall be
proportionately increased, and in case the Company shall at any time combine the
outstanding shares of Common Stock, the Warrant Price in effect immediately
prior to such combination shall be proportionately increased, and the number of
Shares shall be proportionately decreased, effective at the close of business on
the date of such subdivision, stock dividend or combination, as the case may be.

            (b) Reclassification, Exchange or Substitution. Upon any
reclassification, exchange, substitution, or other event that results in a
change of the number and/or class of the securities issuable upon exercise of
this Warrant, Holder shall be entitled to receive, upon exercise of this
Warrant, the number and kind of securities and property that Holder would have
received for the Shares if this Warrant had been exercised immediately before
such reclassification, exchange, substitution, or other event. The provisions of
this Section 6(b) shall similarly apply to successive reclassifications,
exchanges, substitutions, or other events.

            (c)   Adjustments for Combinations, Etc.  If the outstanding
Shares are combined or consolidated, by reclassification or otherwise, into a
lesser number of shares, the Warrant Price shall be proportionately increased.

      7.    Rights of Shareholders. No Holder shall be entitled to vote or
receive dividends or be deemed the holder of Common Stock or any other
securities of the Company which may at any time be issuable on the exercise of
this Warrant for any purpose, nor shall anything contained herein be construed
to confer upon the Holder, as such, any of the rights of a shareholder of the
Company or any right to vote for the election of directors or upon any matter
submitted to shareholders at any meeting thereof, or to give or withhold consent
to any corporate action (whether upon any recapitalization, issuance of stock,
reclassification of stock, consolidation, merger, transfer of assets or
otherwise) or to receive notice of meetings, or to receive dividends or
subscription rights or otherwise until this Warrant shall have been exercised
and the Common Stock issuable upon exercise hereof shall have become
deliverable, as provided herein.

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                                                              INTEL CONFIDENTIAL
<PAGE>   5

      8. Replacement of Warrants. On receipt of evidence reasonably satisfactory
to the Company of the loss, theft, destruction or mutilation of this Warrant
and, in the case of loss, theft or destruction, on delivery of an indemnity
agreement reasonably satisfactory in form and amount to the Company or, in the
case of mutilation, on surrender and cancellation of this Warrant, the Company
at its expense shall execute and deliver, in lieu of this Warrant, a new warrant
of like tenor.

      9. Exchange of Warrant. Subject to the other provisions of this Warrant,
on surrender of this Warrant for exchange, properly endorsed and subject to the
provisions of this Warrant with respect to compliance with the Act, the Company
at its expense shall issue to or on the order of the Holder a new warrant or
warrants of like tenor, in the name of the Holder or as the Holder (on payment
by the Holder of any applicable transfer taxes) may direct, for the number of
Common Stock issuable upon exercise thereof.

      10. Transferability. Subject to such restrictions on transfer as may be
contained in this Warrant or in the Purchase Agreement of even date herewith,
this Warrant is transferable on the books of the Company at its principal office
by the above named holder of record in person or by duly authorized attorney,
upon surrender of this Warrant properly endorsed. The Company may treat the
holder of record of this Warrant as the absolute owner hereof for all purposes
and shall not be affected by any notice to the contrary.

      11. Reservation of Shares. The Corporation at all times shall reserve and
keep available out of its authorized but unissued shares of Common Stock solely
for the purpose of effecting the exercise of this Warrant such number of shares
of Common Stock as from time to time shall be sufficient to effect the exercise
of this Warrant.

      12. Expiration. Subject to Section 5 above, the right to exercise or
convert this Warrant shall expire at 5:00 P.M. California time, on June 6 2002.

Dated: June 6, 1997

                                    IMMERSION HUMAN INTERFACE
                                    CORPORATION

                                    By:  /s/ Louis B. Rosenberg
                                         --------------------------------------
                                         Louis B. Rosenberg, President

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                                                              INTEL CONFIDENTIAL
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                                   EXHIBIT A

                        NOTICE OF EXERCISE OR CONVERSION

                                              Date: _____________________, 19___

Immersion Human Interface Corporation
2158 Paragon Drive
San Jose, CA  95131

Attention:
          -------------------
Dear M                  :
      ------------------

      The undersigned hereby elects to exercise or convert the enclosed Warrant
dated _______________, 1997 issued to it by Immersion Human Interface
Corporation (the "Company").

      The undersigned elects to:

      /_/ Exercise the Warrant and to purchase thereunder __________ shares of
the Common Stock of the Company (the "Shares") at an exercise price of $0.15 per
Share, or an aggregate purchase price of ____________ Dollars ($_________ ) (the
"Purchase Price"). Pursuant to the terms of the Warrant, the undersigned has
delivered the Purchase Price herewith in full, of which Purchase Price,
$_________ is to be paid by tender of _________ shares of the Company's Common
Stock which are delivered herewith in form suitable for transfer.

      /_/ Convert the value of _________ shares of the Common Stock issuable
pursuant to the Warrant.

                                                Very truly yours,

                                                Warrant Holder

                                                By:
                                                   ----------------------------

                                                Title:
                                                      -------------------------
Accepted and Acknowledged:

Immersion Human Interface Corporation

By:
    ----------------------------------------

Dated:                                , 19__
      ------------------------------

                                                              INTEL CONFIDENTIAL
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                                  EXHIBIT B

THIS AGREEMENT MUST BE COMPLETED, SIGNED AND RETURNED TO IMMERSION HUMAN
INTERFACE CORPORATION ALONG WITH THE SUBSCRIPTION FORM BEFORE THE COMMON STOCK
ISSUABLE UPON EXERCISE OF THE WARRANT DATED JUNE ___, 1997 WILL BE ISSUED.

                              INVESTMENT LETTER

                          __________________, 19___

Immersion Human Interface Corporation
2158 Paragon Drive
San Jose, CA  95131

Attention:
          -------------------------------------

Gentlemen:

      The undersigned, ______________________ ("Purchaser"), intends to acquire
up to ___________________ shares of the Common Stock (the "Stock") of Immersion
Human Interface Corporation (the "Company") from pursuant to the exercise of
certain warrants to purchase stock held by the Purchaser. The Stock will be
issued to Purchaser in a transaction not involving a public offering and
pursuant to an exemption from registration under the Securities Act of 1933, as
amended (the "1933 Act") and applicable state securities laws. In connection
with such purchase and in order to comply with the exemptions from registration
relied upon by the Company, Purchaser represents, warrants and agrees as
follows:

      The Purchaser is an accredited investor within the meaning of Rule 501
under the 1933 Act and has such knowledge and experience in financial and
business matters that the Purchaser is capable of evaluating the merits and
risks of the purchase of the Stock and of protecting Purchaser's interests in
connection therewith.

      Purchaser is acquiring the Stock for its own account, to hold for
investment, and Purchaser shall not make any sale, transfer or other disposition
of the Stock in violation of the 1933 Act or the General Rules and Regulations
promulgated thereunder by the Securities and Exchange Commission (the "SEC") or
in violation of any applicable state securities law.

      Purchaser has been advised that the Stock has not been registered under
the 1933 Act or state securities laws on the ground that this transaction is
exempt from registration, and that reliance by Intel on such exemptions is
predicated in part on Purchaser's representations set forth in this letter.

Purchaser has been informed that under the 1933 Act, the Stock must be held
indefinitely unless it is subsequently registered under the 1933 Act or unless
an exemption from such

                                                              INTEL CONFIDENTIAL
<PAGE>   8

registration (such as Rule 144) is available with respect to any proposed
transfer or disposition by Purchaser of the Stock. Purchaser further agrees that
Intel may refuse to permit Purchaser to sell, transfer or dispose of the Common
Stock (except as permitted under Rule 144) unless there is in effect a
registration statement under the 1933 Act and any applicable state securities
laws covering such transfer, or unless Purchaser furnishes an opinion of counsel
reasonably satisfactory to counsel for the Company, to the effect that such
registration is not required.

      Purchaser also understands and agrees that there will be placed on the
certificate(s) for the Stock, or any substitutions therefor, a legend stating in
substance:

      "THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH
RULE 144 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE
HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT
SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION
AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT."

      Purchaser has carefully read this letter and has discussed its
requirements and other applicable limitations upon Purchaser's resale of the
Stock with Purchaser's counsel.

                                    Very truly yours,

                                    -------------------------------------------
                                    Purchaser

                                    By
                                       ----------------------------------------
                                    Title
                                         --------------------------------------

                                                              INTEL CONFIDENTIAL<PAGE>   1
                                                                   Exhibit 10.23

                                November 15, 1999

VIA OVERNIGHT COURIER

Wolfgang Hausen
Senior Vice President, General Manager
Logitech, Inc.
6505 Kaiser Drive
Fremont California 94555-3615

     RE:  MARKETING DEVELOPMENT FUND LETTER AGREEMENT

Dear Wolfgang,

     On behalf of Immersion, I am pleased to offer Logitech, Inc., support for a
Marketing Development Fund ("MDF") which will be used to support Logitech's
launch and promotion of the Wingman Force Feedback Mouse and subsequent force
feedback mouse products. In order to enable Logitech to evangelize this
important new class of peripheral devices and because Logitech is Immersion's
first-to-market strategic partner with respect to force feedback cursor control
devices, Immersion agrees to reimburse Logitech up to a total of one million
U.S. dollars, US$1,000,000, for the MDF subject to the terms set forth below.

     QUARTERLY REIMBURSEMENTS: For a period of five calendar quarters, beginning
the first calendar quarter of 2000 and terminating at the end of the first
calendar quarter of 2001 (the "MDF Period"), Immersion agrees to reimburse
Logitech up to US$200,000 per quarter for certain promotional activities
undertaken by Logitech to launch and promote Logitech's Wingman Force Feedback
Mouse and other force feedback mouse products (Immersion's reimbursement is
intended for, but is not required to be used by, Logitech's Control Device
Business Unit). All but the first US$200,000 to be reimbursed to Logitech by
Immersion pursuant to the MDF is contingent on Immersion's successful completion
of an underwritten public offering before January 1, 2000.

     REIMBURSEMENT PROCEDURE: Within thirty days of the end of the applicable
calendar quarter during the MDF Period, Logitech will submit a reimbursement
request to Immersion. Such reimbursement request will include a reasonably
detailed summary of each promotional activity for which Logitech is requesting
reimbursement, and receipts for third party expenses incurred by Logitech.
Subject to the conditions described below, Immersion shall reimburse Logitech
for an amount equal to but not exceeding US$200,000 within forty-five days of
the end of the applicable quarter within the MDF Period.

     Immersion's quarterly reimbursement obligations will be subject to the
following conditions:

          CONFIDENTIAL TREATMENT REQUESTED - THE SYMBOL `[**]' IS USED
           TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION.

<PAGE>   2

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     Future Version of Force Feedback Mouse. In order to remain eligible for
     quarterly MDF reimbursements, Logitech must agree in good faith to commit
     to a product roadmap for a new version of the force feedback mouse
     positioned for use as a [**] and [**] product. The new version of the force
     feedback mouse will be launched under a new name other than Wingman (i.e.
     MouseMan) and will contain a [**]. In addition, in order to remain eligible
     for quarterly MDF reimbursements, Logitech must meet the following
     milestones:

          (A)  on or before [**], Logitech must publicly announce the new
               version (new SKU) of the force feedback mouse product; and

          (B)  on or before [**], Logitech's new version (new SKU) of the force
               feedback mouse product must be available in commercial quantities
               through internet distribution and through retail distribution.

     Immersion and Logitech may agree to modify the milestone schedule described
     above by means of a written amendment signed by both parties setting forth
     a new milestone schedule.

     Promotional Campaigns. Only third party expenses that are incurred by
     Logitech specifically to fund promotional campaigns that are reasonably
     calculated to promote Logitech's force feedback mice products shall be
     eligible for reimbursement from Immersion under the MDF. In addition, MDF
     funds may only be used to reimburse moneys spent by Logitech on projects
     mutually agreed upon as confirmed in writing by email in advance. Immersion
     and Logitech agree to work together in good faith in order to approve
     reimbursable projects expeditiously.

     Use of MDF Funds. Logitech's expenditure of funds will only be reimbursed
     by Immersion if Logitech has used such funds to pay third parties who have
     provided services or products specifically targeted at promoting Logitech's
     force feedback mouse products properly marked with Immersion's FEELit logo
     (or successor replacement logo). Immersion can not and will not reimburse
     Logitech for funds used to pay Logitech employees or for Logitech's
     internal projects.

     Force Feedback Product Commitment. To be eligible for each quarterly
     reimbursement, Logitech must remain reasonably committed to the success of
     its new version of the force feedback mouse product positioned for the [**]
     and [**] market and to allocate reasonably sufficient marketing,
     manufacturing, and engineering resources to these force feedback products.
     For clarification, Logitech will maintain the Wingman version of the
     product until the new version (non-Wingman) is available, at which point
     Logitech may chose to market only a single SKU. Of course Logitech is free
     to pursue multiple SKUs if it so desires.

          CONFIDENTIAL TREATMENT REQUESTED - THE SYMBOL `[**]' IS USED
           TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION.

<PAGE>   3

Page 3

     Marketing Collateral. To be eligible for each quarterly reimbursement,
     Logitech must include the Immersion brand logo and slogan on those
     marketing materials that reference or depict force feedback functionality
     or force feedback products. This includes but is not limited to product
     datasheets, advertisements, web pages, and trade show promotions.

If Logitech is in material noncompliance with the conditions set forth above in
whole or in part, then Immersion will notify Logitech in writing and will not be
responsible for subsequent reimbursements to the extent of such noncompliance.

     This letter agreement is the entire agreement between Logitech and
Immersion related to the MDF, and supersedes all prior statements, proposals or
agreements, whether written or oral, with respect to the subject matter herein
and may be modified only by a writing executed by an authorized representative
of Immersion. This letter agreement is governed by the laws of the State of
California without application of its conflicts of law principles.

     We look forward to working with you on these marketing efforts. We are
happy to make this contribution to your force feedback mouse efforts, and are
confident that by working together we can achieve the goal of bringing feel to
every desktop.

                                       Sincerely,

                                       /s/ LOUIS ROSENBERG
                                       ---------------------------
                                       Louis Rosenberg, Ph.D.
                                       President & CEO

Please sign below to indicate Logitech's understanding and agreement with the
terms described above and return a copy of this letter agreement to me at
Immersion.

Acknowledged and Agreed

/s/ WOLFGANG HAUSEN
-----------------------
Wolfgang Hausen
S.V.P., General Manager
Logitech, Inc.

          CONFIDENTIAL TREATMENT REQUESTED - THE SYMBOL `[**]' IS USED
           TO INDICATE THAT A PORTION OF THE EXHIBIT HAS BEEN OMITTED
                    AND FILED SEPARATELY WITH THE COMMISSION.

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