Attached files
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| EX-99.1 CHARTER - EXHIBIT 99.1 - AVISTAR COMMUNICATIONS CORP | exh_99-1.htm |
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
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Washington,
D.C. 20549
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FORM
8-K
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CURRENT
REPORT
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Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
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January
19, 2010
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Date
of Report (date of earliest event reported)
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AVISTAR
COMMUNICATIONS CORPORATION
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(Exact
name of Registrant as specified in its charter)
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Delaware
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000-31121
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88-0463156
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
Number)
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1875
S. Grant Street, 10th Floor,
San
Mateo, California 94402
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(Address
of principal executive offices, including zip code)
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(650)
525-3300
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(Registrant's
telephone number, including area code)
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Not
Applicable
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(Former
name or former address, if changed since last report)
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Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
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Section
1 – Registrant's Business and Operations
Item
1.01 Entry into a Material Definitive Agreement.
On
January 19, 2010, Avistar Communications Corporation ("Avistar") entered
into a patent license agreement (the "Agreement") with Springboard Group
S.A.R.L. ("SKYPE"). Under the Agreement, Avistar granted to SKYPE for
the lives of the patents, a royalty-free, irrevocable, non-exclusive license
under certain patents to make, have made (subject to certain limitations), use,
import or export, offer to sell, sell, lease, license, or otherwise transfer or
distribute certain licensed products. These granted rights and
license include rights for authorized entities and end users of SKYPE to form
combinations with other products for certain authorized purposes. As
consideration for the license, SKYPE agreed to pay Avistar the sum of
$3 million. Avistar has the right to terminate the Agreement upon ten
days written notice to SKYPE if the agreed upon payment is not made within
the time frame agreed upon in the Agreement. The sum of $3 million was
paid to Avistar by SKYPE on January 25, 2010.
The
foregoing summary does not purport to be complete and is qualified in its
entirety by reference to the full text of the Agreement, which will be filed as
an exhibit to Avistar's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2010.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
The
following exhibits are furnished herewith:
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Exhibit
No.
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Description
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99.1
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Shareholder
Alert of Avistar Communications Corporation dated January 25,
2010.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this Report to be signed on its behalf by the undersigned hereunto
duly authorized.
| AVISTAR COMMUNICATIONS CORPORATION | |||
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Date: January
25, 2010
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By:
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/s/ Elias MurrayMetzger | |
| Elias MurrayMetzger | |||
| Chief Financial Officer | |||
EXHIBIT
INDEX
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Exhibit
No.
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Description
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99.1
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Shareholder
Alert of Avistar Communications Corporation dated January 25,
2010.
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