FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other EventsItem 8.01.Other Events.
On January 2, 2018, Finjan Holdings, Inc. (“Finjan” or the “Company”) announced that it entered into a Confidential Patent License and Settlement Agreement (the “Finjan License”) with FireEye, Inc. on December 29, 2017, whereby the companies resolved all pending litigation matters and together with a contemporaneous license agreement from FireEye to Finjan and its affiliates (the “FireEye License” and collectively with the Finjan License, the “Agreements”), the parties granted each other cross-licenses going forward.
Under the terms of the Finjan License, FireEye agreed to pay Finjan $17.5 million in license fees, as follows: (A) $12.5 million the Effective Date of the Finjan License, which amount was paid on December 29, 2017, and (B) $5.0 million which will be offset by $5 million in license fees from Finjan to FireEye under the FireEye License. Such payments will be in exchange for the following:
•Resolve and settlement of all claims between FireEye and Finjan, and
•Cross-license between the companies, associated affiliates, and counterparts worldwide, for the life of the patents for any issued patents and any patent applications filed on or before the first anniversary of the date of the Agreements.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this current report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01. Financial Statements and Exhibits
FINJAN HOLDINGS, INC. ExhibitEX-99.1 2 exhibit991-010218.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 Finjan and FireEye Enter Patent License AgreementsEAST PALO ALTO,…To view the full exhibit click