`Case 1:20-cv-00393-LO-TCB Document 898-12 Filed 01/21/22 Page 1 of 2 PagelD# 25245
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`EXHIBIT 12
`EXHIBIT 12
`
`
`
`Case 1:20-cv-00393-LO-TCB Document 898-12 Filed 01/21/22 Page 2 of 2 PageID# 25246
`
`Fontem Ventures B.V. Announces Settlement and Licence
`Agreement with Nicoventures Holdings Limited in
`Relation to E-Vapour Technology Patents
`
`(!;) prriewswire.com/newb-teiudses/fontem-ventures-vv-diitiouilueb-settlemem-and-liceriuu-agreement-with-nicoventures-
`holdings-limited-in-relation-to-e-vapour-technology-patents-571627121.html
`
`AMSTERDAM, March 10, 2016 /PRNewswire/
`
`Fontem Ventures, owner of market leading e-cigarette brand blu, today announces that it
`has reached a settlement and licence agreement with Nicoventures Holdings Limited.
`
`The agreement ends proceedings between the parties in Germany and the European Patent
`Office in relation to certain of Fontem's e-vapour technology patents.
`
`Under the terms of the agreement, Fontem Ventures has granted Nicoventures Holdings
`Limited a non-exclusive licence to exploit certain e-vapour technology patents in
`consideration for a settlement payment. The remaining terms of the agreement are
`confidential.
`
`About Fontem Ventures
`
`Fontem Ventures is the owner of blu, a leading e-cigarette brand in the United States and
`the United Kingdom. Headquartered in the Netherlands, and present on two continents,
`Fontem Ventures is an innovative consumer goods company, founded in 2012, committed
`to developing a portfolio of products that meet consumer needs, including the highest
`quality electronic vaping products.
`
`SOURCE Fontem Ventures B.V.
`
`1/1
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`DEF_PUB_EDVA000056247
`
`
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