FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other EventsItem 8.01.Other Events.
On April 9, 2018, Finjan Holdings, Inc. (the “Company”), and its wholly-owned subsidiary, Finjan, Inc. (“Finjan”), announced that Finjan had entered into a Confidential Patent License and Settlement Agreement (the “Finjan License”) with Carbon Black, Inc., a Delaware corporation (“Carbon Black”), on April 6, 2018 (the “Effective Date”), whereby the companies have resolved all pending litigation matters (Case No. 5:18-cv-01760-NC). In addition, Finjan Mobile, Inc., a wholly-owned subsidiary of the Company (“Finjan Mobile”), and Carbon Black have entered into a separate Confidential Patent Cross License Agreement (the “Cross License”), which serves to ensure the parties’ freedom to operate under the other’s patent portfolio. The terms of each agreement are confidential.
Under the terms of the Finjan License, Carbon Black agreed to pay Finjan $3.9 million in license fees, as follows: (A) $1.3 million within five (5) business days of the Effective Date of the Finjan License, (B) $1.3 million on or before September 30, 2018 and (C) $1.3 million on or before December 31, 2018. Further, upon acquisition of Carbon Black or acquisitions by Carbon Black, additional one-time license fees will be due to Finjan equal to eight percent (8%) of the gross revenues of certain qualifying products and services for the four (4) concluded quarters immediately preceding the acquisition.
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 exhibit991040918.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 Finjan and Carbon Black Enter Patent License AgreementAll Pending Litigation Matters Resolved and Freedom to Operate ensured between Parties EAST PALO ALTO,…To view the full exhibit click here