**EXHIBIT 4.10**

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Confidential Information (indicated    by [...]) has been omitted and filed separately with the  Securities and Exchange Commission. 

**NON-ASSERTION AGREEMENT**

This Non-assertion Agreement (hereinafter    referred to as the “Agreement”) is made and entered into this    30th day of June, 2004 (“Effective Date”), by and    between Mitsubishi Electric Corporation, a corporation of Japan, having its    principal office at 2-2-3, Marunouchi Chiyoda-ku, Tokyo 100-8310, Japan (hereinafter    referred to as “Mitsubishi”), and WAVECOM S.A., a corporation    of France, having its principal office at 3, esplanade du Foncet, 92442 Issy-les-Moulineaux    Cedex France (hereinafter referred to as “Wavecom”).

WITNESSETH

WHEREAS, Mitsubishi and Wavecom own    certain patents technically or commercially essential to the GSM Standards    and other patents which are not essential to the GSM Standards but may be    used for mobile communication systems in the field of GSM; and

WHEREAS, Mitsubishi and Wavecom desire    to determine fair, reasonable and non discriminatory terms and conditions    which cover all patent issues, including any future potentials, relating    to both parties’ GSM products. 

NOW, THEREFORE, in consideration    of the mutual premises and covenants contained herein, Mitsubishi and Wavecom    agree as follows:

ARTICLE 1 – DEFINITIONS

| For the purpose of this Agreement,        the following terms shall have the following meanings: |
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| 1.1                                                                                              | “Patent(s)” shall mean any patent,        including utility models but excluding design patents and registered        designs and other protection of the appearance of a product, applied        for, issued or registered at any time, prior or during this Agreement,        in any country of the world. The term Patent shall also include any patent        application for any Patent as well as any division, continuation, continuation-in-part,        reissue, renewal, and extension of the Patent and any patent resulting        from the patent applications. |

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| 1.2 | “Mitsubishi Patent(s)” shall        mean (i) any Patent having claims the infringement of which cannot reasonably        be avoided in remaining compliant with any of the GSM Standards either        for technological reasons or for lack of commercially viable technical        alternatives (“Technically/Commercially Essential Patents”)        and (ii) any Patent which is not essential to the GSM Standards but may        be used for GSM mobile communication systems, owned and controlled by        the Communication Systems Group of Mitsubishi or Mitsubishi’s Affiliates        controlled by CSG (collectively, “Mitsubishi CSG”) on, before        and after the Effective Date of this Agreement. For the avoidance of        doubt, Mitsubishi Patents shall include Technically/Commercially Essential        Patents, if any, which are owned and controlled by any Mitsubishi’s        business units or Affiliates other than Mitsubishi CSG on, before and        after the Effective Date of this Agreement. Mitsubishi Patents shall        not include any patent of Mitsubishi that is handled or jointly licensed        in any patent pool or consortium such as the MPEG4 Visual and MPEG4 Systems. |
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| 1.3 | “Wavecom Patents” shall mean        (i) any Patent having claims infringement of which cannot reasonably        be avoided in remaining compliant with any of the GSM Standards either        for technological reasons or for lack of commercially viable technical        alternatives (“Technically/Commercially Essential Patents”),        and (ii) any Patent which is not essential to the GSM Standards but may        be used for GSM mobile communication systems, owned and controlled by        Wavecom or its Affiliates on, before and after the Effective Date of        this Agreement. Wavecom Patents shall not include any patent of Wavecom        that is handled or jointly licensed in any patent pool or consortium. |
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| 1.4 | “Mitsubishi Products” shall        mean: |
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|   | (a)  | complete mobile terminals (such        as a PDA, smart phone or cellular phone); |
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|   | (b)  | modems being a stand alone voice        and/or data communication device which comprises in a common housing        a SIM card holder and interfaces to external voice and/or data sources; |
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|   | (c)  | modules being an intermediate        device intended to be integrated or used in combination with other equipments        or devices through interfaces with voice and/or data sources; and |
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|   | (d)  | complete kits for modules having        substantially all of the following functions:Radio Frequency and Base        Band software and hardware; |
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|   | which operate in compliance        with the GSM Standards or enable a feature or a function under the GSM        Standards. It is noted that Mitsubishi Products shall not include the        same with so-called "dual-mode" function which operates in        compliance with (i) the GSM Standards and (ii) WCDMA, CDMA2000 or any        other telecommunication standards. |
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| 1.5 | “Wavecom Products” shall        mean: |
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|   | (a)  | modems being a stand alone voice        and/or data communication device which comprises in a common housing        a SIM card holder and interfaces to external voice and/or data sources; |
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|   | (b)  | modules being an intermediate        device intended to be integrated or used in combination with other equipments        or devices through interfaces with voice and/or data sources; and |
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|   | (c)  | complete kits for modules having        substantially all of the following functions: Radio Frequency and Base        Band software and hardware; |
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|   | which operate in compliance        with the GSM Standards or enable a feature or a function under the GSM        Standards. It is noted that Wavecom Products shall not include the same        with so-called “dual-mode” function which operates in compliance        with (i) the GSM Standards and (ii) WCDMA, CDMA2000 or any other telecommunication        standards. |
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|   | For the avoidance of doubt,        Wavecom Products include any of (a), (b) and (c) products whatever their        further use ie without limitation, which are used in or with any “Vertical        Applications” including vehicles, vending machines, banking machines,        wireless local loop equipments, or “Personal Communication Devices” including        handsets, PDAs, or computing. |
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| 1.6 | “GSM Standard(s)” shall        mean the standard specifications by ETSI and/or other national telecommunications        standards setting body, that are applicable to the Global System for        Mobile Communications (“GSM”), the General Packet Radio Services        (“GPRS”) and the Enhanced Data for GSM Evolution (“EDGE”)        including its revisions, and localized version thereof, but not fundamentally        altered. For the avoidance of doubt, any third generation mobile telephony        standard, including but not limited to IMT-2000, 3GPP, 3GPP2, WCDMA,        CDMA2000 and TD-SCDMA, shall not be included in the definition of GSM        Standard hereunder. |
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| 1.7 | “Affiliate(s)” shall        mean a corporation or other entity of which a party hereto owns or controls,        directly or indirectly, more than fifty percent (50%) of its voting stocks        or rights; provided, however, that such corporation or other entity shall        be regarded as Affiliate(s) only as long as such ownership or control        exists. |
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| 1.8 | “Net Sales Price” shall        mean the gross invoice price of Wavecom Products as packed for shipment        without any reductions except for the following items to the extent to        which they are either separately itemized, or otherwise identifiable        to the satisfaction of Mitsubishi and paid or allowed and included in        the gross invoice price: |
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|   | (a)  | sales or turnover taxes on sales        invoices; |
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|   | (b)  | transportation charges, and        insurance costs on shipments to customers; |
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|   | (c)  | discounts allowed in amounts        customary in the trade; |
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|   | (d)  | credits allowed for Wavecom        Products returned or not accepted by customers. |
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|   | Wavecom Products shall be deemed        to be sold, leased or otherwise transferred to the customers, as the        case may be, when they are invoiced or, if not invoiced, shipped to the        customers. Wavecom Products shipped at no charge for test, evaluation        and demonstration purposes in the normal course of the business shall        not be considered as sold, leased or otherwise transferred and shall        not be reported to Mitsubishi nor subject to any royalty payment. |
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|   | ARTICLE 2 – NON ASSERTION          OF RIGHTS/RELEASE |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
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| 2.1    | Subject to the terms and conditions        of this Agreement, Mitsubishi hereby agrees that Mitsubishi and its Affiliates        will not assert, during the term of this Agreement, directly and indirectly,        any cause of action based, in whole or part, upon the purported infringement        by Wavecom, its Affiliates, their direct or indirect customers and subcontractors,        of any of Mitsubishi Patents, as a result of manufacture, subcontracted        manufacture, use, sale, offer for sale, lease, import or other disposition        of Wavecom Products in any country of the world. |

| 2.2 | In no event shall the provision        of Article 2.1 be construed as Mitsubishi granting any license or immunity        either directly or by implication, estoppel or otherwise, to any third        party acquiring any Wavecom Product either directly or indirectly from        Wavecom or its Affiliates for: (a) the combination of such Wavecom Product        by such third party with any hardware or software item not acquired from        Wavecom, where such combination is the direct cause of infringement (direct        or contributory infringement) of any Mitsubishi Patent; or (b) any hardware        or software item per se not acquired directly or indirectly from Wavecom        that such third party combines with such Wavecom Product. However, Mitsubishi        hereby covenants not to assert nor have asserted (including ensures that        its Affiliates do not assert or have not asserted) any of Mitsubishi        Patents against Wavecom and its Affiliates regarding its/their licensing        of an internal design to make mobile terminals (technology licensing).        For the avoidance of doubt, in no event shall Mitsubishi’s covenant        of no-assertion hereunder be construed as covering any products which        Wavecom’s customers purchased from any entity other than Wavecom,        its Affiliates or their authorized distributors. |
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| 2.3 | As partial consideration for        the non-assertion of rights under Article 2.1, Wavecom agrees that Wavecom        and its Affiliates will not assert, during the term of this Agreement,        directly and indirectly, any cause of action based, in whole or part,        upon the purported infringement by Mitsubishi, its Affiliates, their        direct or indirect customers and subcontractors, of any of Wavecom Patents,        as a result of manufacture, subcontracted manufacture, use, sale, offer        for sale, lease, import or other disposition of Mitsubishi Products in        any country of the world. |
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| 2.4 | In no event shall the provision of Article        2.3 be construed as Wavecom granting any license or immunity either directly        or by implication, estoppel or otherwise, to any third party acquiring        any Mitsubishi Product either directly or indirectly from Mitsubishi        or its Affiliates for: (a) the combination of such Mitsubishi Product        by such third party with any hardware or software item not acquired from        Mitsubishi, where such combination is the direct cause of infringement        (direct or contributory infringement) of any Wavecom Patent; or (b) any        hardware or software item per se not acquired directly or indirectly        from Mitsubishi that such third party combines with such Mitsubishi Product.        However, Wavecom hereby covenants not to assert nor have asserted (including        ensures that its Affiliates do not assert or have not asserted) any of        Wavecom Patents against Mitsubishi and its Affiliates regarding its/their        licensing of an internal design to make mobile terminals (technology        licensing). For the avoidance of doubt, in no event shall Wavecom’s        covenant of no-assertion hereunder be construed as covering any products        which Mitsubishi’s customers purchased from any entity other than        Mitsubishi, its Affiliates or their authorized distributors. |
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| 2.5 | For the purpose of this Article 2, “subcontracted        manufacture” of Mitsubishi Products or Wavecom Products includes        the act of Mitsubishi or Wavecom to subcontract portions of the manufacture        and/or assembly of Mitsubishi Products or Wavecom Products to third parties        and also the act of Mitsubishi or Wavecom to have a third party manufacture        Mitsubishi Products or Wavecom Products for the sole account of Mitsubishi        or Wavecom; provided that said Mitsubishi Products or Wavecom Products        are made by such third party by using manufacturing drawings and specifications        provided by Mitsubishi or Wavecom respectively which are in sufficient        detail that no major additional designing is required by such third party        except for adoption to the production processes and standards normally        used by the third party. |
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| 2.6 | Each party hereby, for itself and its present        Affiliates, releases the other party and the other party’s Affiliates        and all customers of such other party and such other party’s Affiliates        who have purchased or used Mitsubishi Products or Wavecom Products herein        subject of this Agreement, from all claims, demands and rights of action        which the first mentioned party or any of its present Affiliates may        have on account of any act of infringement or alleged infringement of        any Wavecom Patents or Mitsubishi Patents respectively prior to the Effective        Date of the Agreement. |
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| 2.7 | Either party agrees to be responsible for        its Affiliates’ compliance with the terms and conditions of this        Agreement. |
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| 2.8 | This Agreement does not grant        any right or license, or non-assertion under any intellectual property        rights of either party except for the obligation of non-assertion of        rights set forth in Article 2.1, 2.2, 2.3, 2.4 and 2.6 hereof, and no        other right or license is to be implied by or inferred from any provision        of this Agreement or by the conduct of the parties except as expressly        provided in this Agreement. |
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| 2.9 | Neither party shall use any        trademark of the other party or any marks, signs or symbols similar to        or resembling any trademark or trade names of the other party. |
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| 2.10 | Neither party shall have any        obligation to provide the other party with any technical assistance,        technical training nor other technical services. |
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ARTICLE 3 – CONSIDERATION

| 3.1 | In consideration of the non-assertion of        rights under Article 2.1 of this Agreement, Wavecom shall pay to Mitsubishi,        (i) with respect to Wavecom’s sales on and before 31 December 2003,        [...], and (ii) with respect to Wavecom’s sales on and after        1 January 2004, a running royalty at the royalty rate of [...] based        upon the Net Sales Price of all Wavecom Products sold, leased or otherwise        transferred to the customer by Wavecom or its Affiliates in any country        of the world. The initial payment shall not be credited against any running        royalties hereunder. |
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| 3.2 | No royalty shall be due by Wavecom to Mitsubishi        for any Wavecom Products sold to Mitsubishi or an Affiliate of Mitsubishi. |
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| 3.3 | No royalty shall be due by Wavecom to Mitsubishi        for Wavecom Products rented, leased, let out or otherwise delivered at        no charge to a Wavecom customer for normal commercial practice (engineering        samples, test products, etc). |
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| 3.4 | Royalty shall be payable once for each Wavecom        Product sold by Wavecom or a Wavecom Affiliate. In the event that a customer        or prospective customer of Wavecom claims already |
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to have an obligation to pay royalties    to Mitsubishi under an existing license agreement (or non-assertion agreement)    in respect of Mitsubishi Patents, which license/non-assertion covers the    purchase of Wavecom Products (an “Other Mitsubishi Licensee”)    Wavecom shall provide written notice to Mitsubishi of the identity of such    Other Mitsubishi Licensee. Mitsubishi shall confirm to Wavecom whether Wavecom    will be exempted from paying royalties to Mitsubishi under this Agreement    in respect of sales to that Other Mitsubishi Licensee; provided however that    if Mitsubishi does not provide such written response to Wavecom within twenty    (20) business days of such notice, Wavecom shall be exempt from paying applicable    royalties to Mitsubishi under this Agreement. Any such notice provided pursuant    to this Article 3.4 shall be considered confidential information subject    to the confidentiality provisions of this Agreement. 

| 3.5 | In view of the continuous changes in the        GSM market, Wavecom shall have the right to request, on and after the        third anniversary of the Effective Date, from Mitsubishi a renegotiation        of the financial terms of this Agreement upon production of evidences        that Mitsubishi’s royalty rates are unreasonably high vis-à-vis        the rates of comparable licensors for comparable agreements. |
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| 3.6. | The non-assertion and release        granted to Mitsubishi and its Affiliates, including immunity to their        customers and subcontractors under Article 2.3 shall be royalty free        and fully paid-up. |
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|   | ARTICLE 4 – PAYMENT,          RECORDS AND REPORTS |

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| 4.1    | The initial payment set forth        in Article 3.1 is payable to Mitsubishi in [...] installments as        follows: |

|   | [...] |
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|   | Mitsubishi shall invoice Wavecom        and Wavecom shall pay Mitsubishi according to the above dates. |
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| 4.2 | Wavecom agrees to make written        reports to Mitsubishi within thirty (30) days after March 31, June 30,        September 30 and December 31 of each year during the term of this Agreement        and within sixty (60) days after expiration or termination of this Agreement,        describing and stating the followings: |
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|   | (a)  | number of Wavecom Products sold,        leased or otherwise transferred to the customers by Wavecom and its Affiliates,        during the preceding calendar quarter; |
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|   | (b) | Net Sales Price of Wavecom Products        sold, leased or otherwise transferred to the customers by Wavecom and        its Affiliates; |
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|   | (c)  | total royalties due; and |
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|   | (d)  | names and addresses of all        Affiliates to which this Agreement has been extended. |
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|   | Such written reports shall be        submitted, whether or not use, sales, or otherwise disposition occurred        during the reporting period in question. Wavecom will provide to Mitsubishi        on a regular basis the names of the customers of Wavecom Products either        (i) when such information is not any more covered by a confidentiality        obligation towards such Wavecom customers or (ii) in connection with        the non assertion obligations under the Agreement, upon Mitsubishi’s        written request who is willing to confirm the information given by the        customer itself that such is a Wavecom customer. |
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| 4.3 | Notwithstanding the provision        of Article 4.2 above, Wavecom shall provide, no later than 28 July 2004,        Mitsubishi with a report on the Wavecom Products sold by Wavecom and        its Affiliates during the first two calendar quarters of 2004 (1 January        2004 through 31 June 2004). The first payment in accordance with Article        4.1 shall be made together with the royalty payment for all Wavecom Products        sold during the period January 1st and June 30th 2004,        which payment shall be made no later than 31 July 2004.Mitsubishi will        invoice Wavecom separately for the first payment made in accordance with        Article 4.1 and for the amount of royalties due for the two first quarters        of 2004. |
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| 4.4 | Mitsubishi shall invoice Wavecom        according to Wavecom royalty statements and Wavecom shall pay Mitsubishi        invoices no later than thirty (30) days following receipt of the invoice.        All payments shall be made in the Euro currency to Mitsubishi at the        following bank account via wire transfer without deductions or charges        of any kind except for the withholding taxes under Article 4.7: |
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|   |      |
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|   | [...] |

|   | Swift Code: [...] |
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|   | Account No.: [...] |
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|   | Account Name: [...] |
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|   |                                                                                                                                                                                                                                                                                                                                                                            |
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|   | In the event Wavecom’s        invoiced price to the customers is in a currency other than Euro, such        amount shall be converted into the Euro currency using the monthly average        of all the daily Euro foreign exchange reference rates published by the        ECB (European Central Bank) for the relevant calendar month in which        the sales occur. |

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| 4.5 | In the event that any amount        payable under this Agreement is not paid by the date payment is due,        Wavecom shall also pay interest on such amount at the annual rate [...]        for the period from the due date to the date on which payment is actually        made. If such interest rate exceeds the maximum legal rate in the jurisdiction        where a claim therefore is being asserted, the interest rate shall be        reduced to such maximum legal interest rate. |
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| 4.6 | Wavecom shall, for at least        three (3) years after the date of submission of each report as required        under Article 4.2 and 4.3, keep records in sufficient detail to permit        the determination of the running royalties payable hereunder and at the        request and expenses of Mitsubishi, will permit an independent certified        public accountant selected by Mitsubishi, or any other person acceptable        to both Wavecom and Mitsubishi (“Auditor”), to examine during        ordinary business hours such records as may be necessary to verify or        determine royalties paid or payable under this Agreement. Such Auditor        shall be instructed to report to Mitsubishi only information related        to determining the amount of royalties due and payable. Should such examination        lead to the discovery of a greater than [...] discrepancy in reporting,        Wavecom shall reimburse Mitsubishi for its reasonable costs of appointing        the Auditor to carry out and report on such examination, in addition        to Wavecom making prompt payment of such underpayment together with interest        for late payment calculated in accordance with Article 4.5. |
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| 4.7 | Except as otherwise expressly        provided below, all payments under this Agreement shall be in the full        amounts as stated herein, exclusive of any taxes, duties, levies, fees        and the like which may be levied by the Government of France. All such        taxes, fees or the like shall be the responsibility of Wavecom's account;        provided, however, that in the event income taxes are levied by the Government        of France upon payments due to Mitsubishi hereunder, Wavecom may deduct,        as required by the income tax laws of France, such income taxes from        the payments due to Mitsubishi and pay the same, as income taxes, on        behalf of Mitsubishi to the Tax Authorities of France and provided further        that Wavecom shall provide Mitsubishi as promptly as possible with the        relevant tax receipts evidencing payment of such taxes on behalf of Mitsubishi        which are necessary for Mitsubishi to obtain any related income tax credits        in Japan. Mitsubishi has agreed to the provisions of this Article based        on the understanding that the current withholding tax rate applicable        to payments hereunder in accordance with the current Tax Treaty between        the France and Japan is ten percent (10%) for the initial payment and        running royalties hereunder. If and when the Tax Treaty between France        and Japan is amended and the amendment releases Wavecom from the obligation        to pay on behalf of Mitsubishi any withholding tax on running royalties        hereunder, the ten percent (10%) French withholding tax on the running        royalties will no longer be applicable. |
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|   | ARTICLE 5 – PARTIAL          SUSPENSION OF NON-ASSERTION |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
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| 5.1    | If during the term of this        Agreement a direct or indirect customer of Wavecom Products (“Wavecom        Customer”) asserts a patent relating to radio telephony equipment        in the field of GSM (“Wavecom Customer Patent”) against Mitsubishi        and the Wavecom Customer also asserts that Mitsubishi is prevented from        asserting claims under Mitsubishi Patents against the Wavecom Customer        as a result of the non-assertion set forth in Articles 2.1, then the        non-assertion hereunder extended to such Wavecom Customer shall immediately        be suspended as of the date of written notice to Wavecom. The suspension        shall be effective only if and so long as Mitsubishi actively negotiates        and/or defends such claim and only to the extent necessary to obviate        the assertion made by the Wavecom Customer that Mitsubishi is prevented        from asserting claims against such Wavecom Customer under Mitsubishi        Patents. Such suspension shall remain in effect until such time as the        Wavecom Customer and Mitsubishi enter into a license or settlement agreement        under the Wavecom Customer Patent, at which time the non-assertion extended        to the Wavecom Customer shall immediately be reinstated. |

| 5.2 | If during the term of this        Agreement a direct or indirect customer of Mitsubishi Products (“Mitsubishi        Customer”) asserts a patent relating to radio telephony equipment        in the field of GSM (“Mitsubishi Customer Patent”) against        Wavecom and the Mitsubishi Customer also asserts that Wavecom is prevented        from asserting claims under Wavecom Patents against the Mitsubishi Customer        as a result of the non-assertion set forth in Articles 2.3, then the        non-assertion hereunder extended to such Mitsubishi Customer shall immediately        be suspended as of the date of written notice to Mitsubishi. The suspension        shall be effective only if and so long as Wavecom actively negotiates        and/or defends such claim and only to the extent necessary to obviate        the assertion made by the Mitsubishi Customer that Wavecom is prevented        from asserting claims against such Mitsubishi Customer under Wavecom        Patents. Such suspension shall remain in effect until such time as the        Mitsubishi Customer and Wavecom enter into a license or settlement agreement        under the Mitsubishi Customer Patent, at which time the non-assertion        extended to the Mitsubishi Customer shall immediately be reinstated. |
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|   | ARTICLE 6 – PUBLICITY |
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| 6.1    | Either party may disclose        the existence of this Agreement, but the terms of this Agreement shall        be maintained in confidence and the parties shall not divulge any part        thereof to any third party except: |

|   | (a)  | with the prior written consent        of the other party; or |
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|   | (b)  | to any governmental body having        jurisdiction to request and to read the same; or |
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|   | (c)  | as otherwise may be required        by law or legal processes; or |
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|   | (d)  | to auditors and accountants        representing either party, provided that, in case of such divulgence        pursuant to this section 6.1(d), to the extent permissible by law, such        divulging party shall impose equivalent confidentiality obligations on        the recipient in writing prior to such divulgence; or |
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|   | (e)  | to its Affiliates, and as applicable        hereunder to its customers and subcontractors provided that, in case        of such divulgence pursuant to this section 6.1(e), to the extent permissible        by law, such divulging party shall impose equivalent confidentiality        obligations on the recipient in writing prior to such divulgence, and        provided the financial terms of this Agreement remain undisclosed to        customers and subcontractors. |
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|   |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

|   | Notwithstanding the above, no        disclosure of this Agreement shall be made pursuant to section 6.1(b)        and 6.1(c) without the disclosing party first giving the other party        sufficient time to seek a protective order or otherwise assure the confidentiality        of this Agreement as that other party shall deem appropriate. Mitsubishi        acknowledges that Wavecom is listed on both the NASDAQ and Euronext Stock        Exchanges and that Wavecom may be required to make certain disclosures        relating to this Agreement to the extent necessary to meet the regulatory        requirements of those Exchanges, and in particular the rules of the US        Securities Exchange Commission (SEC). Mitsubishi hereby authorizes Wavecom        to make such disclosures, provided that (i) Wavecom shall have the financial        terms hereof remain undisclosed and (ii) Wavecom shall make its reasonable        efforts to inform Mitsubishi in writing of the scope of the required        disclosure prior to such disclosure by providing the confidential version        of the Agreement that Wavecom intends to disclose. |
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|   | ARTICLE 7 – TERM AND          TERMINATION |
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|   |                                                                                                                                                                                                                                                                                                                     |
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| 7.1    | This Agreement shall become        effective on the Effective Date and shall remain in force until cessation        of manufacture of Mitsubishi Products and Wavecom Products by both parties        and their respective Affiliates unless earlier terminated according to        the provisions of Article 7.2 below. |

| 7.2 | Either party may terminate        this Agreement by giving written notice to the other party if: |
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|   | (a)  | The other party fails to perform        or comply with this Agreement or any provision hereof and does not remedy        such failure within sixty (60) days following the dispatch of the notice        of such failure from the non-defaulting party; |
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|   | (b)  | The other party enters into        voluntary or involuntary bankruptcy or insolvency, or ceases to make        payments to its creditors; |
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|   | (c)  | A receiver or trustee is appointed        to take over or administer or conduct all or a substantial part of the        business or property of the other party; |
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|   | (d)  | The other party is dissolved or liquidated. |
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|   | The rights and remedies under        this Article 7.2 shall not be exclusive and can be exercised in addition        to any other rights and remedies provided by law or under this Agreement. |
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| 7.3 | If a third party acquires ownership        of one party (by way of merger, acquisition, consolidation, transfer        or otherwise) and notifies the other party of its intention to maintain        the Agreement, then this third party shall be deemed substituted for        the name of Wavecom or Mitsubishi (as applicable) and have all the rights        and obligations of Wavecom or Mitsubishi (as applicable) under this Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4 | Each party and their Affiliates        shall have the right, subject to the reporting and payment obligations        of this Agreement which shall remain in effect to this purpose, to sale,        offer for sale, lease, import or other dispose of any Wavecom Products        or Mitsubishi Products in the process of manufacture or in finished goods        inventory upon the termination of this Agreement. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.5 | The provisions of Articles        4.5, 4.6, 5, 6, 7.4, 7.5, 8, 9, 10, 13 and 14 shall survive any termination        or expiration of this Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                                                       |
|--------|------------------------------------------------------------|
|   | ARTICLE 8 – WARRANTY/          DISCLAIMER OF WARRANTY |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                  |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.1    | Each party hereby represents and warrants        that it has the right to grant to the other party the rights and non        assertions granted hereunder; and that there are no outstanding agreements,        assignments, or encumbrances (other than statutory employee inventor        rights), not notified to the other party prior to the Effective Date        of this Agreement, that materially effect the |

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| ownership or control of the patents        that are the subject of the rights granted hereunder and which would        materially restrict the rights granted under such patents. Each party        warrants that during the term of this Agreement neither it nor an Affiliate        will take any action that would materially prejudice the rights granted        to the other Party hereunder. In particular, but without limitation to        the aforesaid, each party warrants that it will not assign substantial        part of its patents that are the subject of this Agreement unless such        assignment is specifically made subject to the terms of this Agreement. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.2                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | ALL EXPRESS OR IMPLIED REPRESENTATIONS AND        WARRANTIES, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS        FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT, ARE HEREBY DISCLAIMED. |

| 8.3 | NEITHER PARTY MAKES ANY WARRANTIES        OF ANY KIND REGARDING ITS PATENTS, THEIR VALIDITY, OR THE PATENTABILITY        OF THE INVENTIONS CLAIMED THEREIN. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | EITHER PARTY DISCLAIMS TO        THE OTHER PARTY ANY AND ALL WARRANTIES AGAINST INFRINGEMENT OF THIRD        PARTY PATENTS, TRADEMARKS, COPYRIGHTS, AND OTHER INTELLECTUAL PROPERTY        RIGHTS. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ARTICLE 9 – LIMITATION      OF LIABILITY

| 9.1 | IN NO EVENT SHALL EITHER PARTY        BE LIABLE TO THE OTHER PARTY FOR ANY DAMAGES IN CONNECTION WITH OR ARISING        OUT OF THIS AGREEMENT (WHETHER DIRECT, INDIRECT, INCIDENTAL, SPECIAL,        CONSEQUENTIAL OR PUNITIVE ), NO MATTER WHAT THEORY OF LIABILITY, EVEN        IF THE EXCLUSIVE REMEDIES PROVIDED FOR IN THIS AGREEMENT FAIL OF THEIR        ESSENTIAL PURPOSE AND EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY        OR PROBABILITY OF SUCH DAMAGES. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.2 | NEITHER PARTY SHALL HAVE ANY        LIABILITY WHATSOEVER TO THE OTHER PARTY OR ANY OTHER PERSON FOR OR ON        ACCOUNT OF ANY INJURY, LOSS OR DAMAGE SUSTAINED BY OR ANY OTHER LIABILITY        INCURRED BY OR IMPOSED UPON THE OTHER PARTY OR ANY OTHER PERSON ARISING        OUT OF OR IN CONNECTION WITH (A) THE MANUFACTURE, USE, SALE, OR OTHERWISE        DISPOSITION OF ANY MITSUBISHI PRODUCT OR WAVECOM |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | PRODUCT, OR THE PRACTICE OF        THE MITSUBISHI PATENTS OR WAVECOM PATENTS; OR (B) THE MANUFACTURE, USE,        SALE, OR OTHERWISE DISPSITION OF MITSUBISHI PRODUCTS OR WAVECOM PRODUCTS        BY MITSUBISHI, WAVECOM OR THEIR RESPECTIVE CUSTOMERS IN ANY MANNER THAT        DIRECTLY OR INDIRECTLY VIOLATES THE LAWS OR REGULATIONS OF ANY COUNTRY. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ARTICLE 10 – ASSIGNMENT

| 10.1 | This Agreement shall inure        to the benefit of, and be binding upon the parties hereto and their respective        successors and assignees. This Agreement or any right or duty hereunder        shall not be assigned by either party to any third party without the        prior written consent of the other party which shall not be unreasonably        withheld. Any assignment without such consent shall be null and void. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

ARTICLE 11 – INCONTESTABILITY

| 11.1 | Neither party shall initiate        or join with another in any action to invalidate any claims of Mitsubishi        Patents or Wavecom Patents, or contest the validity or scope of any such        claims. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                      |
|--------|---------------------------|
|   | ARTICLE 12 – NOTICES |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 12.1   | All notices, requests, demands        and other communications pursuant to this Agreement or in connection        therewith shall be in writing and shall be sent by telecopier, cable        or registered air mail, postage prepaid, addressed to the party to be        notified. Notice will be deemed to be received five (5) working days        after the date of mailing; provided that in the event notice is given        by telecopier or cable, notice shall be deemed to be received upon receipt        of said telecopier or cable, and further, provided, that said telecopier        or cable shall be followed by a letter confirming the contents of said        telecopier or cable which shall be mailed within five (5) working days        after the sending of the telecopier or cable to which it relates. The        notices shall be sent to the following addresses: |

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|   | In the case of Mitsubishi:      Mitsubishi Electric Corporation      Mitsubishi Electric Corporation |
|--------|------------------------------------------------------------------------------------------------------|

|   | 2-2-3, Marunouchi Chiyoda-ku,        Tokyo 100-8310, Japan |
|--------|------------------------------------------------------------|

|   | Attention: General Manager,        Corporate Licensing Department      [...]      In the case of Wavecom:      Wavecom S.A.      3, esplanade du Foncet, 92442 Issy-les-Moulineaux Cedex, France |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Attention: Legal Director |
|--------|---------------------------|

|   | With copy to: CEO      [...] |
|--------|----------------------------------|

|   | or to such other address as the party may from time to time notify      the other. |
|--------|------------------------------------------------------------------------------------|

|   |                                                 |
|--------|------------------------------------------------------|
|   | ARTICLE 13 – GOVERNMENTAL          REQUIREMENTS |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 13.1   | Either party agrees that it        will not make, use, sell, lease or otherwise distribute Mitsubishi Products        or Wavecom Products and will not practice Wavecom Patents or Mitsubishi        Patents in any manner that directly or indirectly violates the laws or        regulations of any country, including but not limited to any and all        export and import control laws and regulations, and acknowledges that        it has the sole responsibility to obtain such licenses to export, re-export        or import Mitsubishi Products or Wavecom Products as may be required. |

| 13.2 | Nothing in this Agreement        warrants that Mitsubishi Products or Wavecom Products made in one country        or area can be exported from such country or area. Neither party shall        have any obligation to cooperate with the other party regarding such        party’s obedience to laws and regulations under Article 13.1 |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |                            |
|--------|---------------------------------|
|   | ARTICLE 14 – MISCELLANEOUS |

|   |                                                                                                                                                                                                                                                      |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 14.1   | This Agreement shall be construed,        governed, interpreted and applied in accordance with the laws of [...].        The language of this Agreement is the English language and any communication        between the parties shall be in English. |

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| 14.2 | Any dispute arising out of        or relating to this Agreement shall be primarily settled amicably. If        this is not possible, the dispute shall be finally settled by arbitration        in accordance with the Rules of Conciliation and Arbitration of the International        Chamber of Commerce by three (3) arbitrators selected according to the        referred arbitration rules. The arbitration shall be conducted [...].        Judgment upon the award rendered may be entered in any court having jurisdiction        or application may be made to such court for a judicial acceptance of        the award and an order of enforcement, as the case may be. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.3 | This Agreement constitutes        the full and complete understanding between the parties with respect        to the subject matter hereof and supersedes all prior representations        and agreements between the parties with regard to the subject matter        hereof. It shall not be varied or modified by any oral agreement, representation        or otherwise except by a written instrument duly executed by the parties        hereto. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.4 | The provisions of this Agreement        are severable, and in the event that any provisions of this Agreement        shall be determined to be invalid or unenforceable under any controlling        body of law, such invalidity or unenforceability shall not in any way        affect the validity or enforceability of the remaining provisions hereof. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.5 | The failure of either party        to assert a right hereunder or to insist upon compliance with any terms        and conditions of this Agreement shall not constitute a waiver of that        right or excuse a similar subsequent failure to perform any such terms        and conditions by the other party. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 14.6 | In case performance of this        Agreement is prevented because of laws, both present and future, of any        government having jurisdiction over the parties hereto, or orders, regulations,        directions or requests of any such government, or any department, agency        or corporation thereof, or war, strike, fire, acts of God or other cause        beyond control of either or both of parties hereto, the party concerned        shall notify the other party of the occurrences, and appropriate and        proper measures shall be taken pursuant to mutual agreements of the parties        hereto. Neither party shall be liable for non-performance of this Agreement        while such condition exists. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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IN WITNESS WHEREOF, the parties hereto    have caused this Agreement to be executed by their duly authorized officers    or representatives on the day and year first above written.

     

| Mitsubishi        Electric Corporation |   | WAVECOM S.A. |   |
|----------------------------------------|--------|--------------|--------|
|                                   |   |         |   |   |   |
| By:                                    |        |         | By:    |  |   |
|                                   |   |         |   |   |   |
| Name:                        |        |         | Name:  |  |   |
|                                   |   |         |   |   |   |
| Title:                                 |        |         | Title: |  |   |

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