SUMMARY ORDER

Asia Optical Co. appeals from the July 18, 2012 judgment of the United States District Court for the Southern District of New York (Cote, J.) awarding Eastman Kodak Co. $33,726,581. We assume the parties’ familiarity with the underlying facts, procedural history, and specification of issues for review.

Asia Optical’s principal argument on appeal is that the patent licensing agreement (“PLA”) and accompanying side letter are ambiguous because they can be read to have more than one meaning by a person aware of industry customs, practices and terms. Under New York law, which governs here, a contract is ambiguous if the terms “could suggest more than one meaning when viewed objectively by a reasonably intelligent person who has examined the context of the entire integrated agreement and who is cognizant of the customs, practices, usages and terminology as generally understood in the particular trade or business.” Int’l Multifoods Corp. v. Commercial Union Ins. Co., 309 F.3d 76, 83 (2d Cir. 2002) (internal quotation omitted). We agree with the district court that the agreement is not ambiguous, and that paragraph 5 of the side letter explained that Asia Optical did not have to pay royalties if (1) it sold to a Kodak licensee who chooses to pay royalty itself; or (2) if Asia Optical performs only contract assembly for a Kodak licensee. To accept Asia Optical’s reading would require finding that Kodak entered into a licensing agreement with Asia Optical that would allow Asia Optical to manufacture cameras for third parties who did not have licensing agreements with Kodak without either party paying Kodak for the use of its patents — a finding at odds with the record.

We have examined the remainder of Asia Optical’s arguments and find them to be without merit. Accordingly, the judgment of the district court hereby is AFFIRMED. Each side to bear its own costs.