FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other EventsItem 8.01.Other Events.
On July 2, 2018, Finjan Holdings, Inc. (the “Company”), including its wholly-owned subsidiaries, Finjan, Inc. (“Finjan”), Finjan Mobile, Inc. (“Finjan Mobile”) and Finjan Blue, Inc. (“Finjan Blue” and collectively with the Company, Finjan and Finjan Mobile, the “Finjan Parties”), announced that the Finjan Parties and Trend Micro Incorporated (K.K.), a Japanese corporation (“Trend Micro Japan”) and Trend Micro, Inc., a California corporation (“Trend Micro U.S. and collectively with Trend Micro Japan, the “Trend Micro Parties”) have reached a mutually agreed Confidential Patent License Agreement (the “License Agreement”) effective as of June 29, 2018 (“Effective Date”).
The License Agreement provides that the Trend Micro Parties will obtain a license to, among others, the Finjan patents and pay the Finjan Parties $13.4 million in cash within five (5) business days of the Effective Date of the License Agreement. Further, upon acquisition by the Trend Micro Parties of certain entities, the Trend Micro Parties will pay additional license fees to the Finjan Parties, unless otherwise mutually agreed to by the Company and the Trend Micro Parties. Further, the License Agreement has additional provisions relating to certain unlicensed products of any company that acquires a Trend Micro Party, in which case additional license fees may apply. The parties also entered into related agreements with respect to their respective patents, including the transfer of select security-related patent assets from the Trend Micro Parties to the Finjan Parties. The remaining terms of the License Agreement are confidential.
A copy of the press release issued by the Company relating to the matters discussed above is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in the press release 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, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits
FINJAN HOLDINGS, INC. ExhibitEX-99.1 2 exhibit991-070118.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Finjan and Trend Micro Enter into Confidential Patent License AgreementResult will drive innovation through select sharing of intellectual propertyEAST PALO ALTO,…To view the full exhibit click