September 16, 2015
Daniel Lin
Chung- Hsin Electric and Machinery Manufacturing Corporation
25 Wende Road
Guishan District
Taoyuan City 333, Taiwan
Republic of China
Re: SELLER Software Licensing
Dear Mr. Lin,
As you are aware, SELLER recently contacted USER about its use of SELLER Maxwell 3D at its Taoyuan location prior to the date of this letter (the “Subject Use”). We understand that USER is a subsidiary of Chung- Hsin Electric and Machinery Manufacturing Corporation (“BUYER”).
This letter confirms that SELLER and BUYER have agreed that in consideration of BUYER’s agreement to issue a purchase order to SELLER on or before September 25, 2015 for the licenses and maintenance indicated below in an amount equal to (and to pay to SELLER on such purchase order within 30 days of submission of such purchase order an amount equal to) US$ 90,000 (excluding 5% VAT). SELLER will release and discharge USER, BUYER, and their officers, directors, employees, successors and assigns (“SELLER Releases”) from any and all claims and damages that SELLER may have relating to the Subject Use. For clarity, this release relates only to the Subject Use and any other use of SELLER software licenses or violations of SELLER intellectual property by SELLER Releases (whether past, present or future) are not covered by the terms of this letter and SELLER reserves the right to take any allowable actions with respect to such uses and/or violations of SELLER intellectual property.
The Purchase Order shall be for the purchase of one (1) task of SELLER Maxwell 3D Paid- Up and one (1) year of TECS (i.e. maintenance and support) on such license. The term of the TECS referenced above shall be from September 25, 2015 to September 24, 2016.
Please confirm your agreement by signing below.
Sincerely yours,
Ron. A. Vassel
Assistant General Counsel
SELLER, Inc.
On behalf of Chung- Hsin Electric and Machinery Manufacturing Corporation
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