Item 1.01 Entry into a Material Definitive Agreement.
On November 6, 2009, we entered into a Settlement Agreement with SpongeTech Delivery Systems, Inc., pursuant to which the pending litigation between us was dismissed with each party to bear its own costs. We also entered into our standard form of Augmented Reality Link Terms of Service Agreement with SpongeTech, providing that it will be placed on the GetFugu platform and will not be charged any service fee for up to 20 ARLs.
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