ERII » Topics » Ownership; Sufficiency of Intellectual Property Assets

This excerpt taken from the ERII 8-K filed Dec 8, 2009.
Ownership; Sufficiency of Intellectual Property Assets.  The Company (A) owns or (B) possesses adequate licenses or other rights to use, free and clear of Encumbrances (except in the case of licenses, the interests of the licensing party), orders, arbitration awards and contingent licenses arising from termination provisions (or other causes) in agreements between the Company and any other Person, all of Intellectual Property used in its business as currently conducted and as reasonably anticipated to be conducted.  The Intellectual Property identified in Section 4.20(b) of the Disclosure Schedule, together with Trade Secrets, Company Owned Copyrights and the Company’s unregistered Copyrights, Patents and the rights granted to the Company under any license agreements identified in Section 4.20(g) of the Disclosure Schedule, constitute all the Intellectual Property rights (except for standard form non-exclusive software licenses granted to end-user customers in the Ordinary Course of Business or “shrink-wrap” or other generally available commercial binary code end-user or enterprise licenses) used in the operation of Company’s business as currently conducted and as reasonably anticipated to be conducted, and are all the Intellectual Property rights and license rights necessary to operate such business after the Effective Time in substantially the same manner as such business has been operated by the Company during the two (2) years prior to the Effective Time.

32

(i)           
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki