Item 1.01 Entry Into a Definitive Material Agreement .
On October 15, 2015, Andrea Electronics Corporation (the “Company”) entered into a Settlement Agreement with Realtek Semiconductor Corporation (“Realtek”). Under the Settlement Agreement the Company settled outstanding litigation between the Company and Realtek including, (a) Andrea Electronics Corporation v. Realtek Semiconductor Corp., Civ. Action No. 2:15-cv-215, pending in the Eastern District of New York, (b) Realtek Semiconductor Corporation v. Andrea Electronics Corporation, Civ. Action No. 5:15-cv-03184, pending in the Northern District of California, (c) Certain Audio Processing Hardware and Software and Products Containing the Same, Inv. No. 337-TA-949, pending at the International Trade Commission, and (d) IPR2015-1391—1396 pending at the United States Patent and Trademark Office (collectively, the “Litigation”). In addition, the Company and Realtek entered into a Patent and Technology License Agreement.
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