Ubisoft 2012 Annual Report Download - page 164
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Financial Statements
2012
159
Nature and purpose :
On June 30th, 2011, your Board of Directors authorized your company to enter into a contract of
order and transfer of rights, pursuant to which your company grants to the company NextVision
SARL the conception and development of a free-to-play online game relating to finance field,
accompanied with the transfer in favor of your company all of the IP and material rights attached
thereto.
Conditions :
The contract came into effect on October 18th, 2011 and will remain into effect till its completion.
No amount was booked for the financial year ended 31st March, 2012.
Regulated agreements and commitments previously approved by the Shareholders’
Meeting
Agreements and commitments entered into in prior years remained in force during the past
financial year
Pursuant to article R.225-30 of the French Commercial Code, we have been informed that the
following agreements and commitments, previously approved by Shareholders’ Meetings of prior
years, have remained in force during the year:
1. Intellectual Property License granted by the company’s Luxembourg subsidiary (Ubisoft
Entertainment Sàrl)
Nature and purpose :
On March 14th, 2011, your Board of Directors authorized your company to conclude retroactively
as of 1st April, 2010, an intellectual property license agreement relating to some intellectual
properties including trademarks (the “IP”) owned by Ubisoft Entertainment Sàrl, subject to the
payment by your company of a 3.5% royalty calculated on Ubisoft Group’s turnover in connection
with the due use of such IP. In consideration of the marketing costs related to the IP, your
company will invoice to Ubisoft Entertainment Sàrl a marketing fee corresponding to 11% of the
royalties relating to the use of the IP thereto.
Conditions :
The amount of the royalties booked for the year ended March 31, 2012 totaled € 697,582
excluding tax.
The amount of marketing fee reinvoiced for the year ended March 31, 2012 totaled €76,735
excluding tax.
2. Licensing agreement with Gameloft SA
Nature and purpose :
On November 18th, 2008, your Board of Directors authorized your company to grant to Gameloft
SA an exclusive and nontransferable license for the use and reproduction of video games for
iPhone and iPod Touch formats as well as a nonexclusive and nontransferable license
authorizing the reproduction of the trademarks and logos relating to the video games subject to
the exclusive use of the license.