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EXHIBIT 10.56

[***] DENOTES CONFIDENTIAL MATERIALS OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT

Micron NTC CONFIDENTIAL

TECHNOLOGY TRANSFER AND LICENSE AGREEMENT
 

 
This TECHNOLOGY TRANSFER AND LICENSE AGREEMENT (this “ Agreement ”), is made and entered into as of this 21st day of April, 2008 (“ Effective Date ”), by and between Micron Technology, Inc, a Delaware corporation (“ Micron ”), and Nanya Technology Corporation ( Nanya Technology Corporation [Translation from Chinese] ), a company incorporated under the laws of the Republic of China (“ NTC ”).  (Micron and NTC are referred to in this Agreement individually as a “ Party ” and collectively as the “ Parties ”).
 
RECITALS
 
A.           Micron currently designs and manufactures Stack DRAM Products (as defined herein) and develops Process Technology (as defined herein) therefor. NTC and Micron desire to engage in joint development and/or optimization of Process Technology for process nodes of 68 nm, 50nm  and other dimensions and joint development of Stack DRAM Designs for Stack DRAM Products to be manufactured on such process nodes, as the Parties may agree in the JDP Agreement.
 
B.            To effectuate their desires, Micron will license NTC under Background IP for the design, development and manufacture of certain Stack DRAM Products.  Micron and NTC will also transfer each other Foundational Know-How and license each other thereunder for the design, development and manufacture of certain Stack DRAM Products.
 
AGREEMENT
 
NOW, THEREFORE, in consideration of the mutual promises and agreements herein set forth, the Parties, intending to be legally bound, hereby agree as follows.
 
ARTICLE 1
 
DEFINITIONS; CERTAIN INTERPRETATIVE MATTERS
 
1.1            Definitions .
 
Adjusted Revenues ” means [***].
 
Affiliate ” means, with respect to any specified Person, any other Person that directly or indirectly, including through one or more intermediaries, controls, or is controlled by, or is under common control with such specified Person; and the term “ affiliated ” has a meaning correlative to the foregoing.
 
 
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Micron NTC CONFIDENTIAL

Agreement ” shall have the meaning set forth in the preamble to this Agreement.
 
Applicable Law ” means any applicable laws, statutes, rules, regulations, ordinances, orders, codes, arbitration awards, judgments, decrees or other legal requirements of any Governmental Entity.
 
Background IP ” means [***].
 
BEOL Costs ” means [***].
 
Burn-In ” means [***].
 
Burn-In Documen t” means a document that describes the specification of voltage and test pattern settings in the Burn-In test program.  The Burn-In Document also describes the methodology of how the voltage and test pattern settings are optimized.
 
Closing ” means the remittance by NTC and MNL of the first capital contribution to the Joint Venture Company as set forth in Section 2.6 of the Joint Venture Agreement.
 
“Commodity Stack DRAM Products” means Stack DRAM Products for system main memory for computing or Mobile Devices, in each case that are fully compliant with one or more Industry Standard(s).
 
Confidential Information ” means that information described in Section 8.1 deemed to be “Confidential Information” under the Mutual Confidentiality Agreement.
 
Contractor ” means a Third Party who (a) is contracted by a Party in connection with work to be conducted by such Party under a SOW, (b) has agreed to assign to such contracting Party all rights in and to any inventions, discoveries, improvements, processes, copyrightable works, mask works, trade secrets or other technology that are conceived or first reduced to practice, whether patentable or not, as a result of any performance by such Third Party of any obligations of such Party under a SOW, and all Patent Rights, IP Rights and other intellectual property rights in the foregoing, and (c) has agreed to grant a license to such contracting Party, with the right to sublicense of sufficient scope that includes the other Party, under all Patent Rights, IP Rights and other rights of the Third Party reasonably necessary for such contracting Party and the other Party to exploit the work product created by the Third Party consistent with the rights granted by the contracting Party to the other Party under the Joint Venture Documents.
 
Control ” (whether capitalized or not) means the power or authority, whether exercised or not, to direct the business, management and policies of a Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of [***] of the votes entitled to be cast at a meeting of the members, shareholders or other equity holders of such Person or power to control the composition of a majority of the board of directors or like governing body of such Person; and the terms “ controlling ” and “ controlled ” have meanings correlative to the foregoing.
 
Design Qualification ” means, [***].
 
 
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Micron NTC CONFIDENTIAL

“Design SOW” means [***].
 
DRAM Product ” means any stand-alone semiconductor device that is a dynamic random access memory device and that is designed or developed primarily for the function of storing data, in die, wafer or package form.
 
Effective Date ” shall have the meaning set forth in the preamble to this Agreement.
 
“Existing Entity” means [***].
 
Force Majeure Event ” means the occurrence of an event or circumstance beyond the reasonable control of a Party and includes, without limitation, (a) explosions, fires, flood, earthquakes, catastrophic weather conditions, or other elements of nature or acts of God; (b) acts of war (declared or undeclared), acts of terrorism, insurrection, riots, civil disorders, rebellion or sabotage; (c) acts of federal, state, local or foreign Governmental Entity; (d) labor disputes, lockouts, strikes or other industrial action, whether direct or indirect and whether lawful or unlawful; (e) failures or fluctuations in electrical power or telecommunications service or equipment; and (f) delays caused by the other Party or third-party nonperformance (except for delays caused by a Party’s Contractors, subcontractors or agents).
 
Foundational Know-How ” means, with respect to each Party, [***].
 
Foundry Customer ” means a Third Party customer for Stack DRAM Products for [***].
 
Foundry Customer Adjusted Revenues ” means [***].
 
Foundry Customer Products ” means [***].
 
FT ” means [***].
 
GAAP ” means, with respect to Micron, United States generally accepted accounting principles, and with respect to NTC, Republic of China generally accepted accounting principles, in each case, as consistently applied by the Party for all periods at issue.
 
Gross Revenues ” means, [***].
 
Governmental Entity ” means any governmental authority or entity, including any agency, board, bureau, commission, court, municipality, department, subdivision or instrumentality thereof, or any arbitrator or arbitration panel.
 
“Industry Standard” means the documented technical specifications that set forth the pertinent technical and operating characteristics of a DRAM Product if such specifications are publicly available for use by DRAM manufacturers, and if [***].
 
IP Rights ” means copyrights, rights in trade secrets, Mask Work Rights and pending applications or registrations of any of the foregoing anywhere in the world.  The term “IP Rights” does not include any Patent Rights or rights in trademarks.
 
 
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Micron NTC CONFIDENTIAL

JDP Agreement ” means that certain Joint Development Program Agreement by and between Micron and NTC effective as of the Effective Date referred to on Schedule 2.1 of the Master Agreement Disclosure Letter.
 
JDP Committee ” means the committee formed and operated by Micron and NTC to govern the performance of the Parties under the JDP Agreement.
 
“JDP Inventions” means all discoveries, improvements, inventions, developments, processes or other technology, whether patentable or not, that is/are conceived by one or more Representatives of one or more of the Parties in the course of activities conducted under the JDP Agreement.
 
JDP IP Royalties ” means [***].
 
JDP Process Node ” means any Primary Process Node or Optimized Process Node resulting from the research and development activities of the Parties pursuant the JDP Agreement.
 
JDP Work Product ” means [***].
 
Joint Venture Agreement ” means that certain Joint Venture Agreement by and between NTC and MNL effective as of the Effective Date referred to on Schedule 2.1 of the Master Agreement Disclosure Letter.
 
Joint Venture Company ” means the company formed and operated in accordance with the Joint Venture Documents.
 
“Joint Venture Company Joinder” means that certain Joinder of the Joint Venture Company to the Mutual Confidentiality Agreement.
 
Joint Venture Documents ” means the Master Agreement and each of the agreements listed on Schedules 2.1 through 2.5 of the Master Agreement Disclosure Letter.
 
 Mask Data Processing ” means [***].
 
Mask Work Rights " means rights under the United States Semiconductor Chip Protection Act of 1984, as amended from time to ti

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