Amendment No. 4 to Purchase Agreement - Services Phase 2



 Exhibit 10.29 

AMENDMENT NO. 4 TO 

PURCHASE AGREEMENT — SERVICES PHASE 4 # CW1882970 

BETWEEN 
 INTEL
CORPORATION AND IMPINJ, INC. 
 For valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge Intel Corporation
(“Intel”) and Impinj, Inc. (“Impinj”) hereby amend the above referenced Purchase Agreement — Services Phase 2 dated on or about December 23, 2009 # CW1882970 (the “Agreement”) as set forth hereafter. 

 

	1.	EFFECTIVE/EXPIRATION DATE 

 The Effective Date of this amendment (Amendment”) shall
be December 11th, 2012. 
 The new Expiration Date of the Agreement shall
be December 31, 2013. 
  

	2.	DEFINITIONS 

 Unless provided otherwise in this Amendment, each term appearing in this
Amendment shall have the same meaning as given in the Agreement. 
 The term “Service(s)” shall be expanded to include the work to
be performed as set forth in Addenda “E” and “F” including any deliverables set forth in Addendum D resulting from such Services. 
  

	3.	AMENDMENTS 

 By executing this Amendment, Intel and Impinj are amending the Agreement to:

 Include Addenda E & F (Hannegan1 *** Development & Services Support) of the Agreement which are attached hereto and
incorporated herein by this reference. 
  

	4.	LEGAL EFFECT ON AGREEMENT 

 As amended by this Amendment, all provisions of the Agreement
shall remain in full force and effect. In the event of a conflict between this Amendment and the Agreement, this Amendment shall take precedence. 
  

									
	INTEL CORPORATION	 		 	IMPINJ, INC.
					
	BY:	 	/s/ Shahrokh Shahidzadeh	 		 	BY:	 	/s/ Scott Medford
	NAME:	 	Shahrokh Shahidzadeh	 		 	NAME:	 	Scott Medford
	TITLE:	 	Sr Principal Technologist	 		 	TITLE:	 	Senior Vice President of Sales
	DATE:	 	12/10/2012	 		 	DATE:	 	April 25, 2013

  
  

*** Indicates text has been omitted from this Exhibit pursuant to a confidential treatment request and has been filed separately with the Securities and
Exchange Commission. 







 ADDENDUM E 

Hannegan1 *** Development Services 

Statement of Work for Purchase Agreement — Services: 
  

	1.	Project Goal 

 This project has one goal: 

Provide OEM and ISV support for *** Hannegan *** products by *** to Intel and provide related development kits/support 

 

	2.	Services. Impinj will provide the following *** & Services support 

  

	 	A)	Device Driver and API support: 

 *** 

*** 

*** 

Impinj may use a subcontractor to develop the *** identified above. 

 

	 	B)	*** Development Kit and onsite training support: 

 *** one full day worth of customer
support (onsite support) 
  

	3.	Roles and Responsibilities 

 The project team shall comprise personnel from Intel and Impinj. 

Intel shall: 
  

	 	•	 	Assign a project lead to provide project guidance and responses to Impinj’s questions and who has the authority to accept Impinj deliverables 


 

	 	•	 	To the extent Intel deems necessary or desirable, assign engineering resources on a full or part-time basis and provide the name of Intel’s engineering lead at SOW signing 


 

	 	•	 	Travel to Impinj facilities as necessary or desirable for engineering meetings and reviewing contract deliverables 


Impinj shall: 
  

	 	•	 	Assign a project lead acceptable to Intel who shall have the authority to execute all deliverable commitments 

  

	 	•	 	Assign engineering resources on a full or part-time basis and provide the name of Impinj’s engineering lead at SOW signing 

  

	 	•	 	Travel to Intel or Intel customers’ facilities as necessary for engineering meetings and review of deliverables 

  

	4.	Definitions: 

 Acceptance Criteria: Objective acceptance criteria, agreed to in writing by
both Intel and Impinj, for deliverables under this SOW. 
  

	5.	Project Scope and Intellectual Property 

 Impinj will provide the deliverables under this Addendum
“as is” and without warranty of any kind, and Impinj disclaims any implied warranties. Each party’s liability under this Addendum will be limited to the total amount of fees paid or payable by Intel as set forth in Section 7
below, and neither party will have any liability for incidental or consequential damages under this 
  

 
 *** Indicates text has been omitted from
this Exhibit pursuant to a confidential treatment request and has been filed separately with the Securities and Exchange Commission. 







 
Addendum. Notwithstanding the foregoing, this Section regarding limitation of liability shall not apply to claims or damages arising from death or personal injury or tangible property
damage, from any breaches of obligations of confidentiality, or payments to third parties under the indemnity with respect to hazardous materials. 
 The
parties agree that all Project IP under this Addendum are *** (and not ***). 
 Notwithstanding anything contrary in Section 9.B.(1), The *** delivered
shall be confidential information of Impinj and provided to Intel under a *** separately provided and agreed to. 
  

	6.	Project Management 

 The project managers are: 

 

					
	 For Intel:
	  	 For Impinj:
	  	
	 Shahrokh Shahidzadeh
	  	 Todd Humes
	  	
	 Intel Corporation
	  	 Impinj, Inc.
	  	
	 MS JF1-41
	  	 701 North 34th Street
	  	
	 2111 NE 25th Avenue
	  	 Suite 300
	  	
	 Hillsboro, OR 97124
	  	 Seattle, WA 98103
	  	

  

	7.	Project Milestones, Deliverables and scheduled payment 

 The project milestones shall be
as defined below. 
  

											
	 Services

	 	 	 Milestone
	  	 Date
	  	 Deliverables
	  	 Acceptance Criteria
	  	 Payment Upon Milestone
Completion

	1	 	***	  	***	  	***	  	WHQL	  	***
	2	 	***	  	***	  	***	  	WHQL	  	***
	3	 	***	  	***	  	***	  	Delivery	  	***
	4	 	***	  	***	  	***	  	Customer Training Requirement Met (no additional travel exp paid by Intel)	  	***

  

	*	To be agreed upon as condition to delivery. 


  
  

*** Indicates text has been omitted from this Exhibit pursuant to a confidential treatment request and has been filed separately with the Securities and
Exchange Commission. 








 ADDENDUM F 

Hannegan1 *** OEM and ISV Support Services 

Statement of Work for Purchase Agreement — Services: 
  

	1.	Project Goal 

 This project has one goal: 

Provide OEM and ISV support for *** Hannegan *** products by providing professional services directly to Intel-identified OEM’s and ISV’s. 

 

	2.	OEM and ISV support: Intel and/or its OEM/OEM/ISV partners (under the direction of the Intel) with professional services for its *** (“Services”). Upon request of Intel, Impinj will provide up to *** of
such Services on a quarterly basis. Impinj can provide the following services as requested by Intel on a case-by-case basis: ***. Intel agrees that any/all Services provided are to be used only with the ***. 


Payment of the quarterly fee of *** for Services entitles Intel to require Impinj to perform *** of Services in such quarter. The quarterly
fee is payable as detailed below. Intel will pay Impinj the *** quarterly fee even if it requested less than *** in a quarter and any unused hours at the end of a quarter shall not be creditable against future quarters. 

 

	3.	Term. The term of this Addendum shall commence on the date of contract signing and continue in full force and effect until four (4) quarters after Impinj begins providing the Services hereunder, unless
earlier terminated. 

  

	4.	The project team shall comprise personnel from Intel and Impinj. 

 Intel shall: 

 

	 	•	 	Assign a project lead to provide project guidance and responses to Impinj’s questions and who has the authority to accept Impinj deliverables 


 

	 	•	 	To the extent Intel deems necessary or desirable, assign engineering resources on a full or part-time basis and provide the name of Intel’s engineering lead at SOW signing 


 

	 	•	 	Travel to Impinj facilities as necessary or desirable for engineering meetings and reviewing contract deliverables 


Impinj shall: 
  

	 	•	 	Assign a project lead acceptable to Intel who shall have the authority to execute all deliverable commitments 

  

	 	•	 	Assign engineering resources on a full or part-time basis and provide the name of Impinj’s engineering lead at SoW signing 

  

	 	•	 	Travel to Intel or Intel customers’ facilities as necessary for engineering meetings and review of deliverables 

  

	5.	Definitions: 

 Acceptance Criteria: Objective acceptance criteria, agreed to in writing by
both Intel and Impinj, for deliverables under this Addendum. 
 Project Scope and Intellectual Property 

Impinj will provide the deliverables under this Addendum “as is” and without warranty of any kind, and Impinj disclaims any implied warranties. Each
party’s liability under this Addendum will be limited to the total amount of fees paid or payable by Intel as set forth below, and neither party will have any liability for incidental or consequential damages under this Addendum. 

 
  

*** Indicates text has been omitted from this Exhibit pursuant to a confidential treatment request and has been filed separately with the Securities and
Exchange Commission. 







 
Notwithstanding the foregoing, this Section regarding limitation of liability shall not apply to claims or damages arising from death or personal injury or tangible property damage, from any
breaches of obligations of confidentiality, or payments to third parties under the indemnity with respect to hazardous materials. 
 The parties agree that
all Project IP under this Addendum are *** (and not ***). 
  

	7.	Project Management 

 The project managers are: 

 

					
	 For Intel:
	  	 For Impinj:
	  	
	 Shahrokh Shahidzadeh
	  	 Todd Humes
	  	
	 Intel Corporation
	  	 Impinj, Inc.
	  	
	 MS JF1-41
	  	 701 North 34th Street
	  	
	 2111 NE 25th Avenue
	  	 Suite 300
	  	
	 Hillsboro, OR 97124
	  	 Seattle, WA 98103
	  	

  

	8.	Project Milestones, Deliverables and scheduled payment 

 The project milestones shall be as defined
below. 
  

											
	 Services

	 	 	 Milestone
	  	 Date
	  	 Deliverables
	  	 Acceptance Criteria
	  	 Payment Upon
Milestone
Completion

	1	 	Contract Signing	  	2012-12-13	  	Contract signing	  		  	***
	2	 	***	  	***	  	***	  	Performance of up to *** hours of quarterly support	  	***
	3	 	***	  	***	  	***	  	Performance of up to *** hours of quarterly support	  	***
	4	 	***	  	***	  	***	  	Performance of up to *** hours of quarterly support	  	***
	5	 	***	  	***	  	***	  	Performance of up to *** hours of quarterly support	  	***

  

	*	Agreed hours in excess of *** are payable in arrears as detailed above and are in addition to the stated fee. 


  
  

*** Indicates text has been omitted from this Exhibit pursuant to a confidential treatment request and has been filed separately with the Securities and
Exchange Commission.