INTERCOMPANY INTELLECTUAL PROPERTY LICENSE AGREEMENT

IMMERSION CORPORATION AND MICROSCRIBE, LLC

This Intercompany Intellectual Property License Agreement (the "Agreement") is by and between Immersion Corporation, a California corporation, with an office at 2158 Paragon Drive, San Jose, California (hereinafter "Immersion") and Microscribe, LLC, a California limited liability company, with offices in San Jose, California (hereinafter "Licensor"), is entered into effective as of July 1, 1997 (the "Effective Date").

RECITALS

A. Licensor is the owner of certain intellectual property rights related to 3D digitizing.

B. The parties desire that Licensor grant a license to Immersion for the Microscribe Technology under the Microscribe Intellectual Property Rights to enable Immersion to manufacture, market and sell 3D digitizing technology products, on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the promises and agreements set forth below and the other consideration cited herein, the parties agree as follows.

AGREEMENT

1. DEFINITIONS

In this Agreement the following words and expressions shall have the following meanings:

1.1 AFFILIATES means any corporation or business entity which is controlled by, controls, or is under common control of a party. For this purpose, the meaning of the word "control" shall include, without limitation, direct or indirect ownership of more than fifty percent (50%) of the voting shares of interest of such corporation or business entity.

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