Modbook Inc. Announces Licensing Agreement

Intellectual Property Licensing Deal Finalized

LOS ANGELES, CALIFORNIA (March 11, 2012) — Creative technologies innovator Modbook Inc. today announced that it has reached agreement with Toronto, Canada-based Axiotron Corp. to license certain of its intellectual property.

Under the agreement, Modbook Inc. will have a perpetual, exclusive, irrevocable and worldwide license to utilize certain of Axiotron’s intellectual property, including the Axiotron trademark.

The revenue-based royalty agreement represents an important milestone for Modbook Inc. as the company completes its startup fundraising and commences operations.

Modbook Inc. recently opened its headquarters office in Los Angeles, California.

About Modbook Inc.

Modbook Inc. seeks to innovate products and technologies that unleash the creative potential in everyone. Privately held, the company and its dedicated team are headquartered in Los Angeles, California, and at

About Axiotron Corp.

Founded in January 2005, Axiotron offers its product development expertise to companies in need of custom hardware solutions and maintains a corporate office in Toronto, Canada.

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Wefunder Modbook Crowdfunding Campaign
Modbook Inc. is not affiliated with, nor are the Modbook Pro and Modbook Pro X sponsored or endorsed by, Apple Inc.
The Modbook Pro and Modbook Pro X are enclosure conversion kits that transform an original Apple MacBook Pro notebook-style computer into a tablet-style computer. Apple Inc.'s warranty on the MacBook Pro base system is voided by the conversion and replaced with the Modbook Protection Plan, which covers the entire hardware solution, including the base system.