Rambus extends Samsung patent license deal 10 years to 2033; quarterly payments capped at $15M

RAMBUS INC

Second Amendment effective Oct 1, 2023 extends SPLA term to Sep 30, 2033.
Variable quarterly payments based on revenue with a $15M quarterly cap starting Q4 2023.
Existing perpetual paid-up product license maintained; right-of-first-refusal procedures clarified.
Change-of-control provisions allow negotiation or termination under specific conditions.
Press release states terms substantially maintain existing financial arrangement.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RAMBUS INC amended Second Amendment with Samsung Electronics Co., Ltd. (effective 2023-10-01).

Action: amendment
Agreement: license
Counterparty: Samsung Electronics Co., Ltd.
Effective: 2023-10-01

Exact text from the filing

On October 27, 2022, Rambus Inc. (“Rambus”) and Samsung Electronics Co., Ltd., a Korean corporation (“Samsung”) entered into a second amendment (the “Second Amendment”) to that certain Semiconductor Patent License Agreement, dated January 19, 2010

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RAMBUS INC filing history →

Source: SEC EDGAR

accession 0001193125-22-273343

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