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Re:Octotree – Proprietary Firefox extension contains AGPL-li... by girst on Saturday October 31, 2020 @05:19PM (#24955282)
The plan you've described is exactly what https://jshint.com/relicensing-2020/ did.

ETA: discussed here, with a more in-depth link: https://news.ycombinator.com/item?id=24051655

Re:Octotree – Proprietary Firefox extension contains AGPL-li... by julianlam on Saturday October 31, 2020 @05:30PM (#24955348)
Thanks! We did this with guidance from a lawyer, but didn't check to see how other projects handled it. I'm glad to see we followed the lead of other similar projects.