Document:

Exhibit 10.29

 Exhibit 10.29 

License Agreement 
 This
License Agreement (the “Agreement”) is entered on the 12 day of October 2006 (the “Effective Date”) by and between KK Athena Smartcard Solutions, a Japanese company with offices at 6F Marutaya Bldg., 6-9
Yokoyamacho, Hachioji, Tokyo, 192-0081 Japan (“Athena”), and Aladdin Knowledge Systems Ltd. an Israeli company with offices at 35 Efal St., Kiryat Arye, PO Box 3968 Petach Tikvah, 49511, Israel (“Aladdin”).

  

	Whereas,	Java® and Java CardTM are trademarks of Sun Microsystems. Inc. (“Sun”), used in connection with a series of programming standards and
related technologies offered by Sun; and, 

  

	Whereas,	Athena is the owner of certain Java Card compliant technologies and products, and is engaged in research, development, marketing, distribution sale and licensing
of its proprietary Java Card compliant products, including the OS755 Java Card compliant smart card operating system as further defined in the Exhibit A (the “OS755”); and 

 

	Whereas,	Aladdin desires to have Athena port and adapt the OS755 for use with the AT90SC25672RCT-USB and the AT90SC25672RCT Atmel microcontrollers and AT90SC144144CT all
in accordance with Section 2 hereunder and Exhibit B (the “Porting”); and 

  

	Whereas,	Subject to the terms and conditions of this Agreement, Aladdin and Athena (collectively, the “Parties”) desire to have Athena grant Aladdin with
a world wide non revocable perpetual license to use market, distribute and sub-license the object form of the OS755 (the “Licensed OS755”), as ported and adapted for use with the Atmel AT90SC25672RCT-USB, AT90SC25672RCT and the
AT90SC144144CT microcontrollers (collectively, the “Designated Chips”), and as further incorporated into Aladdin’s security products, in either case including one or more dedicated Aladdin applets (the “Aladdin
Products”). 

 NOW, THEREFORE, in consideration of the mutual promises hereinafter contained the Parties agree as
follows: 
  

	1.	The Athena License 

  

	1.1	With effect as of the Effective Date and subject to payment of the License Fee (as hereinafter defined) Athena hereby grants Aladdin with the Athena License, which is a
worldwide perpetual non revocable (subject to export control limitations), transferable, non-exclusive license to use any intellectual property rights, including without limitation patents, tradesecrets, trademarks and copyrights (collectively
“IPR”) in the OS755 Licensed Software, solely to: 

  

	 	(a)	use, the OS755 Licensed Software and market, sublicense, distribute, and sell the OS755 Licensed Software, solely as embedded in or integrated with the Designated
Chips, and incorporated into Aladdin Products; and 

  

	 	(b)	grant its subsidiaries, distributors or any other resellers and channels, with non-exclusive, sub-licenses solely to market and distribute to users of Aladdin Products
(“Users”), the OS755 Licensed Software solely as embedded in or integrated with the Designated Chips, and incorporated into Aladdin Products, and 

 

	 	(c)	grant Users with end user licenses to use the OS755 Licensed Software, solely as embedded in or integrated with the Designated Chips, and incorporated into Aladdin
Products. 

 For the Purpose of this Agreement “OS755 Licensed Software” shall include the Licensed
OS755, all Athena Deliverables, all enhancements, modifications, updates, upgrades and maintenance corrections thereof, and all related documentation provided by Athena to Aladdin hereunder. 

Athena shall ensure that if any license is required for any of Aladdin’s silicon providers/manufacturers in order to enable Aladdin
to exploit its rights hereunder such license shall be granted with no delay by Athena to such providers free of any additional charge to Aladdin. 
  

	1.2	 The Athena License is non-exclusive, other than that for a period commencing on the Effective Date and ending 24 months following the earlier of:
“go to market” of the first Aladdin Product 

  

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incorporating the Licensed OS755, or 90 days following Acceptance of the Licensed OS755 as received from Athena on an Atmel Designated Chip (“Exclusivity Period”). Such
exclusivity prohibits Athena, directly or indirectly by Athena, during the Exclusivity Period from (i) licensing, selling or otherwise offering the OS755 (Java Card with built-in USB interface) or similar Java Card version of OS which can serve
as a substitute thereof (for the purpose of enabling the Aladdin distributor/channel to integrate/OEM within other products), to any Aladdin distributor, where such products can be used by distributor to compete with the eToken USB token/card family
of Aladdin Products; and/or (ii) sell, license, offer or otherwise transfer to RSA and/or Verisign, the OS755 or similar Java Card version of OS which can serve as a substitute thereof to be used in USB tokens and smart card in card form factor
with a USB interface. Both parties acknowledge that the terms contained in this Section 1.2 are fair and reasonably required to protect each party’s interest under this Agreement, and that these restrictions will not deprive either of them
of an unreasonable opportunity to produce a profit. 

  

	1.3	No license is granted hereunder to use any of the Java or Sun trademarks. Athena hereby represents that other than as set forth in Section 4.1 Aladdin shall not be
required to receive a license from Sun in order to fully exploit its rights hereunder. In the event Aladdin shall be obliged to pay Sun any license fees for the use of the OS755 Athena shall fully indemnify Aladdin for all related fees costs and
expenses paid to Sun. 

  

	1.4	Subject to Sun’s related intellectual property rights and subject to Aladdin’s rights in accordance with Section 6 below, Ownership of the OS755 Licensed
Software and/or of the Athena Deliverables, and all intellectual property rights therein, shall remain and vest exclusively with Athena. 

  

	1.5	Subject to Aladdin’s rights in accordance with Section 6 below and without derogating from the generality of the above, except for the rights specifically
granted to Aladdin pursuant to this Agreement, all rights in the OS755, the OS755 Licensed Software and/or the Athena Deliverables, including all IPR therein, are not transferred by this Agreement and shall remain and/or vest exclusively with
Athena. 

  

	1.6	Aladdin may not (a) modify in any way the OS755, (all modifications requested or required by Aladdin must be made solely by Athena pursuant to separate agreement),
other than in the event of release of the source code as set forth in Section [    ] hereunder; (b) reverse engineer, decompile, or disassemble the OS755 Licensed Software, or permit or engage third parties to do so (except
and only to the limited extent that such activity is expressly permitted by an implementing regulation of the European Union Software Directive, or other applicable law, to achieve interoperability); or (d) embed, install or execute the OS755
Licensed Software on any machine or device other than an Designated Chip; or (e) use or resell any Designated Chip with the OS755 Licensed Software as a general purpose Java Card, or in wafer or smart card module form to third parties (other
than for internal purposes). 

  

	1.7	Title to and ownership of all intellectual property rights related to, connected with and/or embodied in the Aladdin Products and documentation related thereto,
exclusive of the Licensed OS755 are and shall remain the exclusive property of Aladdin. 

  

	2.	The Porting 

  

	2.1	Athena hereby undertakes to carry out the Porting and deliver to Aladdin the Deliverables, in accordance with the specifications, milestones, and timetable set forth in
Exhibit B to this Agreement The Porting will include amongst others USB interface (CCID+eToken Pro, automatically selected), extended APDU support and single GPIO support. 

 

	2.2	In the course of the Porting, Aladdin shall carry out certain functions and obligations as set forth in Exhibit B (“Aladdin’s
Functions”), and Athena shall deliver in accordance with the time table set forth in Exhibit B, to the Aladdin those deliverables set forth on Exhibit B (together with those deliverables of the OS755 delivered by
Athena to Aladdin prior to the Effective Date, the “Athena Deliverables”). 

  

	2.3	Athena’s timely completion of the Porting depends on Aladdin’s timely completion of Aladdin’s Functions. 

 

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	2.4	Aladdin shall examine and test the Athena Deliverables for any non-conformity to Exhibit A and B, within two months following delivery. If Aladdin
rejects a Deliverable, Aladdin will submit to Athena an errors report. Athena shall correct such errors within ten (10) days from receiving the error report and shall resubmit Aladdin the corrected Athena Deliverable for retesting. This
acceptance process will be repeated until Aladdin either accepts Athena Deliverable (“Acceptance”) or terminates this Agreement or the applicable order. Acceptance shall occur upon delivery by Aladdin of an Acceptance notice to
Athena. 

  

	2.5	The Porting shall be performed by Athena at its own cost and expense, provided that Aladdin shall pay Athena US$40,000, as a non-refundable partial participation in the
expenses incurred by Athena in the course of the Porting (the “NRE”). US$ 20,000 of the NRE shall be due and paid upon the Effective Date, and the balance when first production units of the Aladdin Products, incorporating Designated
Chips running the OS755 Licensed Software, are delivered to Aladdin customers. 

  

	3.	TCK Compliance 

  

	3.1	Athena will conduct compatibility testing of the OS755 Licensed Software and Athena Deliverables, without additional charge to Aladdin, in accordance with the
applicable Technology Compatibility Kit (“TCK”) published by Sun as of the Effective Date for use with the Java Technology. Such testing shall be completed in accordance with the milestones set forth in Exhibit B.

  

	3.2	Athena will certify in writing for Aladdin that the OS755 Licensed Software and Athena Deliverables have passed the applicable TCK. Aladdin may not modify the OS755
Licensed Software so as to break Java compatibility of the OS755 Licensed Software. 

  

	4.	License Fee 

  

	4.1	In consideration for the rights granted herein Aladdin shall pay Athena a one-time license fee (the “License Fee”) in the amount agreed upon by the
parties within sixty days as of the Effective Date. In consideration for the license required from Sun for exploiting the rights hereunder, Aladdin shall pay Athena license fees (per each sale of Aladdin Product incorporating the OS755 sold) as paid
by a Athena to Sun as set forth in Exhibit D and in any event not more than 12.7 cents per copy of the OS755 (the “Sun License Fees”). In the event Aladdin enters into a license agreement directly with Sun, Aladdin
shall not pay Athena the Sun License Fees. With respect to the Sun License Fees Aladdin shall provide Athena quarterly reports. 

  

	4.2	In the event that Acceptance has not occurred until six months as of the Effective Date or this Agreement is terminated for any reason prior to Acceptance, Athena shall
return to Aladdin within thirty days all amounts paid to Athena under this Agreement. 

  

	4.3	In consideration for the Support Services to be provided for all Atmel platforms, as set forth in Section 8.1, Aladdin will pay Athena on annual basis forty
thousand dollars (40,000USD), for Support Services for additional platforms (not Atmel) Aladdin shall pay Athena per each platform fifteen thousand dollars (15,000USD) (“Support Fees”). Notwithstanding the above, the initial 12 months
as of the porting to each platform, the Support Services with respect to such platform shall be provided free of additional fees other than the agreed upon NRE. The Support Services for the initial 12 months of this Agreement shall be provided free
of additional fee other than the fees set forth in Section 2.5 above. Support Fees shall be paid in quarterly installments. 

  

	5.	Payment Terms 

  

	5.1	All payments hereunder shall be made by wire transfer to Athena’s bank account, at such dates as set forth in this Agreement. 

 

	5.2	All payments hereunder shall be made without setoff, deduction or other withholding (including tax withholding, if applicable). 

 

	5.3	All payments shall be made plus VAT and are inclusive of all other taxes of any kind including but not limited to withholding taxes. Aladdin will be entitled to
withhold any withholding taxes from payment due for Athena and to transfer the applicable taxing authorities such withholding taxes as required under the applicable law. 

 

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	6.	Additional Porting 

  

	6.1	At any time during the term of this Agreement, Aladdin may require additional porting, enhancing or adapting of the OS755 to the family of Aladdin Products, Athena
shall provide the first 2 engineer-weeks free of charge, and any additional work will be charged at 75% of Athena’s current rate of US$ 1,500 per man-day (i.e. US$1,125 per day). Athena shall not be entitled to use in any manner the
developments developed by Athena specifically for Aladdin in connection with the Aladdin Products and for which Aladdin has paid Athena NRE. 

  

	6.2	Porting of the OS755 Licensed Software: 

  

	 	(i)	to any new microprocessor silicon family (of Atmel or of any other vendor), will be charged by Athena to Aladdin at US$ 50,000, of which US$ 25,000 will be due and paid
up front and the balance upon completion and Acceptance of the applicable Athena Deliverables. 

  

	 	(ii)	to new microprocessor silicon, from same family, will be charged by Athena to Aladdin at US$ 10,000, all of which will be due and paid upfront.

 The above payments are for Athena’s labor expenses and Sun’s licenses for Java for the purpose of
Porting and adaptations development If any other hardware and software development tools shall be required for the porting, the parties will agree on allocation of such costs. 

 

	6.3	Any new microprocessor silicon, to which the OS755 Licensed Software is ported by Athena pursuant to this Agreement shall be deemed, for the purpose of this Agreement
as a Designated Chip, and the Athena License shall be expanded to include such new Designated Chip and the porting and adaptations thereto shall be included in the Athena Deliverables and Porting. 

 

	6.4	The masking costs for each new microprocessor silicon will be borne and paid by Aladdin. The masking cost shall be the actual cost to the silicone vendor.

  

	7.	Security Certification 

  

	7.1	As of the earlier of Acceptance or initiation of the FIPS process (Federal Information Processing Standards) and “Common Criteria” certification of the
Aladdin Products incorporating the OS755 Licensed Software, and until completion of such process Athena will provide Aladdin with compliance consulting services, and in consideration for such services Aladdin shall pay Athena a monthly consulting
fee of US$ 5,000. Aladdin at its discretion may terminate such services upon a ten day prior written notice. 

  

	7.2	Cost of laboratory of the FIPS certification of the first Aladdin Product (including the Aladdin device, microprocessor, OS and applet) incorporating the
AT90SC25672RCT-USB Designated Chip with the OS755 Licensed Software shall be borne by Athena. All other future FIPS and/or “common criteria” laboratory costs shall be borne by Aladdin. 

 

	8.	Maintenance and Support Services 

  

	8.1	If required by Aladdin, Athena will provide Aladdin with maintenance and support as detailed in Exhibit C for the OS755 Licensed Software
(“Support Services”). 

  

	8.2	During the initial 12 months following completion of the porting for each platform and thereafter if Support Services are purchased by Aladdin from Athena, Athena shall
provide Aladdin, free of charge, with all updates, upgrades and new releases to the OS755 Licensed Software as they become available from Athena. 

  

	8.3	As long as Support Services are provided, Athena shall provide Aladdin, free of charge, technical assistance via the phone in any matter with respect to the OS755
Licensed Software during Aladdin’s business hours. 

  

	8.4	To enable Aladdin to utilize and benefit from its rights under this Agreement, Athena will provide training to Aladdin. Such training shall take place at dates, times
and locations, to be agreed upon by the parties. 

  

	8.5	For as long as Athena is required to provide Support Services to Aladdin (provided that such Support Services are ordered by Aladdin on a continues basis), Athena will
retain at a minimum two (2) Java Card engineers and one (1) technical support engineer, who will be assigned by Athena for the provision of all the services as set froth in this Section 8. 

 

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	8.6	Upon Aladdin’s request and in accordance therewith, Athena will provide Aladdin, at Athena’s expense, with documentation related to the OS755 Licensed
Software. 

  

	9.	Confidentiality. 

  

	9.1	Each Party (the “Disclosing Party”) may from time to time during the term of this Agreement disclose to the other Party (“Receiving Party”) certain
information regarding the Disclosing Party’s business, including technical, marketing, financial, employee, planning, and other confidential or proprietary information in tangible form and marked as ‘confidential’ or
‘proprietary’ (“Confidential Information”). In the event such disclosure is initially oral or visual and not reduced to writing, it shall be confirmed in a written document, with the appropriate legend such as
“Confidential”, within thirty (30) days following such disclosure. Aladdin acknowledges that the OS755 Licensed Software, its technical documentation is Confidential Information of Athena and its licensors and will be subject to the
protection of this Section 9. 

  

	9.2	The Receiving Party will not use any Confidential Information of the Disclosing Party for any purpose not expressly permitted by this Agreement, and will disclose the
Confidential Information of the Disclosing Party only to the employees or contractors of the Receiving Party who have a need to know such Confidential Information for purposes of this Agreement and who are under a duty of confidentiality no less
restrictive than the Receiving Party’s duty hereunder. Notwithstanding the foregoing, if Aladdin is the Receiving Party, Aladdin may disclose Confidential Information on a need-to-know basis to employees and contractors of Aladdin and companies
directly or indirectly owned or controlled by Aladdin, and such employees and contractors may disclose Confidential Information to Athena; provided that all such disclosures shall be subject to the terms and conditions of this Agreement. The
Receiving Party will protect the other party’s Confidential Information from unauthorized use, access, or disclosure in the same manner as the Receiving Party protects its own confidential or proprietary information of a similar nature and with
no less than reasonable care. For clarification purposes, it is hereby clarified that this Section 9 shall not be construed as limiting Aladdin and any of its channels in any manner from exploiting the licenses and rights granted to them under
this Agreement, its integration within Aladdin Products and marketing, sales and support of Aladdin Products in which the OS755 Licensed Software is embedded. 

 

	9.3	Confidential Information does not include information that: (a) was already known to the Receiving Party at the time of disclosure by the Disclosing Party;
(b) is disclosed to the Receiving Party by a third party who had the right to make such disclosure without any confidentiality restrictions; (c) is, or through no fault of the Receiving Party has become, generally available to the public;
or (d) is independently developed by the Receiving Party without access to, or use of, the Disclosing Party’s Confidential Information. In addition, the Receiving Party will be allowed to disclose Confidential Information of the Disclosing
Party to the extent that such disclosure is (i) approved in writing by the Disclosing Party, (ii) necessary for the Receiving Party to enforce its rights under this Agreement: or (iii) required by law or by the order of a court or
similar judicial or administrative body, provided that the Receiving Party notifies the Disclosing Party of such required disclosure promptly and in writing and cooperates with the Disclosing Party, at the Disclosing Party’s request and
expense, in any lawful action to contest or limit the scope of such required disclosure. 

  

	10.	Warranty and Liability 

  

	10.1	Athena warrants that the OS755 Licensed Software as embedded within any Designated Chips, will conform to Exhibit A and B, and the applicable requirements
of Aladdin referring to the applicable microcontrollers (with respect to the Designated Chips Aladdin requirements are set forth in Exhibit B). In the event that an error is discovered in the respective OS755 Licensed Software or OS755 Licensed
Software will not conform to Exhibit A and/or the applicable Aladdin’s requirements as set froth herein (“Error”), Aladdin’s remedy shall be for Athena to attempt, through reasonable efforts, to provide a free of charge
correction for such Error, pursuant to an agreed work plan, which will include a description the scope of the necessary work. Athena’s costs in providing such shall be borne by Athena. 

 

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	10.2	Athena warrants that use, marketing, distribution and license of the OS755 Licensed Software in accordance with this Agreement will not violate or infringe the IPR of
any third party (including but not limited to Sun and that the OS755 Licensed Software is fully owned by Athena). For clarification purposes Athena does not warrant that the combination of the OS755 with any other Aladdin product shall not infringe
upon any third party IPR. 

  

	10.3	The warranties set forth in this Agreement are the sole and exclusive warranties of any kind, express or implied, that are made by Athena in connection with the OS755
Licensed Software or otherwise under this Agreement, and Athena specifically disclaims all statutory or other warranties, including (but not limited to) implied warranties of merchantability or fitness for a particular purpose or any implied
warranties arising from usage of trade, course of dealing or course of performance. Without limiting the generality of the foregoing, Athena specifically does not warrant that the OS755 Licensed Software will meet the requirements of Aladdin or its
customers other than as set forth in Exhibit A, Exhibit B and the applicable future porting specifications. Without limiting the generality of the foregoing, to the extent that Athena may not disclaim any warranty as a
matter of applicable law, the scope and duration of such warranty will be the minimum permitted under such law. 

  

	10.4	Except with respect to damages arising out of breach of Section 10, any infringement by either party of the other Party’s IPR, or any breach of section 9,
1.2, or obligation arising out of Section 11, in no event will either Party be liable for any consequential, indirect, exemplary, punitive or incidental damages, including damages for lost profits, arising from or relating to this Agreement,
whether in contract, in tort (including negligence) or otherwise. Except with respect to damages arising out of breach of section 10, any infringement by either Party of the other Party’s IPR, or any breach of section 9, 1.2 or obligation
arising out of Section 11, each Party’s total cumulative liability in connection with this Agreement and the OS755 Licensed Software, whether in contract, in tort (including negligence) or otherwise, will not exceed the amount of payments
paid by Aladdin to Athena. Except for Athena’s warranties set forth in this Agreement, Aladdin assumes the entire risk as to the performance and use of the OS755 Licensed Software or the results obtained therefrom. To the maximum extent
permitted by applicable law, no supplier of Athena will have any liability to Aladdin for any damages whatsoever. Notwithstanding the foregoing, nothing in this Agreement will be deemed to limit Athena’s liability for personal injury, death or
property damage, which notwithstanding this section 10.4 are mandatory and made applicable to aspects by the laws of the territory. 

  

	10.5	In addition and without derogating from the generality of the foregoing, the OS755 Licensed Software is not designed or intended for use in (a) online control of
aircraft, air traffic, aircraft navigation or aircraft communications; (b) the design, construction, operation or maintenance of any nuclear facilities; (c) nuclear, missile, chemical or biological weaponry or other weapons of mass
destruction; or (d) in other applications where failure of the OS755 Licensed Software could result in loss of human life (“Hazardous Activities”). Aladdin has no license rights hereunder to distribute OS755 Licensed Software
in Aladdin Products intended for use in Hazardous Activities. 

  

	11.	Indemnification 

  

	11.1	Subject to Aladdin’s compliance with Section 11.3, Athena will defend, indemnify and hold harmless Aladdin from and against any suit or other claim, other
than an Excluded Claim (as defined below), asserted against Aladdin and its subsidiaries by a third party (not an affiliate of Aladdin) based on or alleging: (a) infringement by OS755 Licensed Software of an IPR, other than an Excluded Claim
(as defined below); (b) breach by Athena of its representations or warranties under this Agreement; and/or (c) injury to persons or property caused by Athena, its employees or contractors; and in each case, Athena will pay those costs and
damages finally awarded against Aladdin and its subsidiaries in such suit that are specifically attributable to such claims or those amounts payable by Aladdin and its subsidiaries under a settlement of such third-party suit.

  

	11.2	 Subject to Athena’s compliance with Section 11.3, Aladdin will defend, indemnify and hold harmless Athena from and against any suit or other
claim asserted against it or them by a third party (not an affiliate of Athena) that is: (a) based on or alleging injury to persons or property caused by Aladdin or its employees or contractors or any error, malfunction or defect in an Aladdin
Product; 

  

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and (b) a claim by a sub-distributor or end user of an Aladdin Product that is related to actions by Aladdin or unauthorized use, reproduction, or distribution of the OS755 Licensed Software
by Aladdin: and in each case, Aladdin will pay those costs and damages finally awarded against Athena and its subsidiaries in such suit that are specifically attributable to such claims or those amounts payable by Athena and its subsidiaries under a
settlement of such third-party suit. 

  

	11.3	Each Party’s indemnification obligations under this Section 11 are conditioned on the other Party notifying the indemnifying Party’ promptly in writing
of a claim for which the indemnified Party seeks indemnification, giving the indemnifying Party sole control of the defense thereof and any related settlement negotiations, and cooperating and, at the indemnifying Party’s request and expense,
assisting in such defense. 

  

	11.4	If the OS755 Licensed Software becomes, or in Athena’s opinion is likely to become, the subject of an infringement claim, Athena may, at its option and expense,
either (a) procure for Aladdin the right to continue exercising the rights licensed to Aladdin in this Agreement (provided any additional costs shall be borne by Athena), or (b) replace or modify the OS755 Licensed Software so that it
becomes non-infringing. 

  

	11.5	Notwithstanding the foregoing. Athena will have no obligation under this Section 11 or otherwise with respect to any infringement or other claim based upon:
(a) unauthorized use, reproduction, or distribution of the OS755 Licensed Software by Aladdin; (b) modification of the OS755 Licensed Software by or for Aladdin, which were not performed by Athena; or (c) use of the OS755 Licensed
Software by Aladdin in a Hazardous Activity (each, an “Excluded Claim”). 

  

	12.	Termination 

  

	12.1	This Agreement shall come into effect as of the execution thereof by both Parties and may be terminated by either Party: 

 

	 	(i)	Aladdin shall have the right to terminate this Agreement or any part thereof upon thirty (30) days notice to Athena, if: (a) Athena fails to complete the
Athena Deliverables in a timely manner as set forth in Exhibit B or any other applicable exhibit to this Agreement, or (b) Athena Deliverables fail the Acceptance tests as set forth in Section 2.4 above; and provided that
Athena has not rectified the applicable failure above before the end the thirty (30) day notice period. 

  

	 	(ii)	By Aladdin, in the event of a breach of any obligation under this Agreement by Athena which is not included in sub-section (i) above – if such breach is not
cured within thirty (30) days of receiving notice demanding that such breach be cured; 

  

	 	(iii)	By Athena, in the event that Aladdin delays in payment for Athena in accordance with this Agreement as of the due date of such payment and if such breach is not cured
within thirty (30) days of receiving notice demanding that such delay in payment be cured or 

  

	 	(iv)	Should the other Party effective immediately and without any requirement of notice,: (a) file or have filed against it a petition in bankruptcy or seeking
re-organization and such filing shall not be removed within forty-five (45) days; or (b) have a receiver appointed and such appointment is not revoked within forty-five (45) days; or (c) institute any proceedings for liquidation
or winding up; or (d) adopts a resolution for discontinuance of its business or for dissolution. 

  

	12.2	In the event that Aladdin elects to terminate the license for the OS755 Licensed Software pursuant to sub-section 12.1 (i) the license granted hereunder shall
terminate and Aladdin will be entitled to a refund for all payments made by Aladdin under this Agreement. Upon termination of this Agreement by Aladdin in accordance with sub-section 12.1 (ii) or sub-section 12.1 (iv), Aladdin, at its option,
may continue to exploit its rights under the license to the OS755 licensed Software granted to Aladdin under this Agreement. 

  

	12.3	 Upon termination of this Agreement by Athena in accordance with sub-sections (iii) or (iv), Aladdin shall discontinue the use of the OS755
Licensed Software, and the Athena License granted to Aladdin shall forthwith terminate, provided that such termination shall not affect the right of continued use of the OS755 Licensed Software on the part of end Users, who have ordered,

  

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rightfully purchased or received OS755 Licensed Software prior to such termination and the license granted to Aladdin for the purpose of providing support with respect to the OS755 Licensed
Software. 

  

	12.4	Subject to the specific provisions set forth above in Sections 12.2 and 12.3 and without derogating from the above rights granted to Aladdin with respect to the OS755
Licensed Software, upon termination of this Agreement each party shall promptly return to the other party all plans, drawings and other tangible property representing disclosed Confidential Information and/or IPR and/or any such tangible property
representing the disclosed Confidential Information divulged by one party to the other pursuant to this Agreement and all copies thereof and/or shall erase/delete any such Confidential Information held by it in electronic form and immediately
thereafter each party shall submit to the other party a written report, certified by an authorized officer of the party certifying the completion of all the above mentioned actions. 

 

	12.5	The provisions of Sections 1.1 (if not terminated due to Aladdin’s failure to pay), 1.2-1.7, 3.2 , 4.1-4.3, 5.3, 8.1-8.3, 8.5,9-11, 12.2-12.5, 15 and 17 to this
Agreement shall survive its termination. 

  

	13.	Purchase of Designated Chips 

  

	13.1	Expect as set forth hereunder in Section 13.2, Aladdin shall purchase the Designated Chips directly from their respective manufacturers. 

 

	13.2	Upon Aladdin request, Athena shall purchase from Atmel, and supply to Aladdin, the Atmel Designated Chips, provided that such purchase and supply shall be done on
back-to-back basis, without any additional exposure or liability to Athena, and at a price equal to Athena’s cost. 

  

	13.3	In the event the prices for Aladdin of Atmel each Atmel Designated Chips are higher than the prices set forth in Exhibit Q to this Agreement, Athena will be responsible
to port its OS755 to a comparable chip, agreeable to Aladdin. In case of ST22T064-B, Athena will charge Aladdin only for the cost of Emulators/IDE, if any. In case of any other USB chip, Aladdin will pay Athena the agreed porting cost-set forth in
Section 6 [TBD] (i.e. S3CC9UB), within an agreeable timeline. 

  

	14.	Export Control 

  

	14.1	Regardless of any disclosure made to Athena of an ultimate destination of the OS755 and/or the OS755 Java Cards, and accompanying technical documentation, Aladdin
acknowledges that all such materials may be subject to the export control laws and regulations of the United States of America, United Kingdom and/or of other jurisdictions. 

 

	14.2	Neither party shall commit any act or request the other party to commit any act which would violate either the letter or spirit of the applicable export control laws,
rules or regulations of any country having jurisdiction over the parties or the transaction(s) contemplated herein, and neither party shall fail to take any action reasonably within its capacity to assure compliance with such laws, rules or
regulations. 

  

	14.3	Aladdin agrees that it shall not, directly or indirectly, export, re-export or transship goods, technology or software provided under this Agreement in violation of any
applicable export control laws, rules or regulations promulgated and administered by the United States of America, United Kingdom, or any other country having jurisdiction over the parties of the transaction(s) contemplated herein.

  

	15.	Escrow 

  

	15.1	Upon execution of this Agreement, Athena shall, at Aladdin’s expense, deposit with an escrow agent approved by Aladdin, copies of the current versions of all
Escrow Material. Company shall update such Escrow Materials and shall lodge all updates and upgrades with the escrow agent promptly and on a monthly basis. “Escrow Material” shall mean source code of the OS755 Licensed Software, macros,
specialized routines, procedures and documentation, any improvements to such items, as well as any revisions, programmers’ notes, upgrades, enhancements, and updates thereto, that are sufficient or necessary to allow for complete restoration,
utilization, maintenance and porting of the OS755 Licensed Software by Aladdin. 

  

 Page 8 of 11 

	15.2	The following shall be deemed as triggering events pursuant to which the Escrow Materials shall be delivered and released to Aladdin for use in order to exercise its
rights under this Agreement: (i) Athena ceases doing business or Athena commits any act of bankruptcy within the meaning of the bankruptcy laws of any jurisdiction or if bankruptcy, receivership, insolvency, dissolution, liquidation or similar
proceedings are instituted by or against Company on all or any substantial part of its property under any law and such proceeding shall not be dismissed within sixty (60) days; (ii) Athena ceases, for any reason, to fulfill its support
obligations set forth herein (including without limitation breach of Section 8.5 above) for a period exceeding thirty days; or (iii) Athena fails for any reason, for a period exceeding forty five (45) days to deliver any Athena
Deliverable under this Agreement;. 

  

	15.3	In the event of Aladdin accessing the Escrow Material pursuant to the terms of the escrow agreement, and without derogating the licenses granted to Aladdin under this
Agreement, Athena will be deemed to have granted to Aladdin a transferable, nonexclusive, right and license to use the Escrow Material for the purposes of (i) completing the development activities ordered by Aladdin in accordance with this
Agreement; (ii) incorporation of OS755 Licensed Software on Aladdin Products; and (iii) maintaining porting and enhancing the OS755 Licensed Software. 

 

	16.	Right of First Refusal. Aladdin shall have the right of first refusal as set forth in Exhibit E. 

 

	17.	Miscellaneous 

  

	17.1	This Agreement shall be construed in accordance with the laws of the Israel, without reference to its conflict of laws provisions, and any legal action, suit or
proceeding arising out of or relating to this Agreement must be instituted exclusively in a court of competent jurisdiction, located in Tel Aviv, Israel and in no other jurisdictions or venue. Each Party further irrevocably consents to personal
jurisdiction and venue in, and agrees to service of process issued or authorized by, any such courts. 

  

	17.2	This Agreement may not be assigned by either Party without the express written consent of the other Party, provided that either Party may assign or transfer this
Agreement, in whole or in part, to any of its affiliates or to any successors of substantially that part of its business to which this Agreement relates. 

  

	17.3	This Agreement is a legal and binding agreement, and if any term or provision thereof shall be found to be illegal or unenforceable, this Agreement shall remain in full
force and effect and such term or provision shall be deemed reformed only to the extent necessary to make it enforceable, or if not possible, stricken. 

  

	17.4	Neither Party shall be responsible for delays or failures in performance resulting from acts beyond the control of such Party, including natural disasters, labor
conflicts, acts of war or civil disruption, or governmental regulations imposed after the fact. 

  

	17.5	In performing their respective obligations hereunder, the Parties shall operate as and have the status of independent contractors and shall not act as or be an agent or
employee of the other. Neither party will have any right or authority to assume or create any obligations or to make any representations or warranties on behalf of the other party whether express, implied, by appearance or otherwise to bind the
other party in any respect whatsoever. 

  

	17.6	This Agreement may only be amended by an instrument in writing signed by each of the Parties hereto. 

 

	17.7	Neither party’s failure to exercise any of its rights hereunder shall constitute or be deemed a waiver or forfeiture of any such rights. 

 

	17.8	This Agreement and its Schedules represents the entire agreement between the Parties as to the matters set forth herein and supersedes all prior discussions,
representations, understandings or agreements between them. 

 In witness whereof, the Parties hereto have
executed this Agreement: 
  

									
	 /s/ Eran Navoth
	 		 	  

	KK Athena SmartCard Solutions	 		 	Aladdin Knowledge Systems Ltd
	Name:	  	 Eran Navoth
	 		 	Name:	 	  

		  	 Director
	 		 		 	  

	Date:	  	 12/10/06
	 		 	Date:	 	  

  

 Page 9 of 11 

 Exhibit E 

Right of First Refusal 
  

	1.	Subject to and in accordance with the terms set forth hereunder in this Exhibit, and within twenty-four (24) months as of the Effective Date, Aladdin shall have a
right of first refusal to acquire all of Athena’s Java Card business assets, including without limitation all intellectual property rights embodied and/or related to the OS755 and the rights included within the related license agreement with
Sun (“Assets”) which shall be assigned to Aladdin, in the following event (“Triggering Offer”): 

Athena receives a bona fide offer from a third party to acquire all or part of the Assets. 

 

	2.	Upon the above Triggering Offer, Athena shall notify Aladdin in writing of the assets offered for sale and the proposed price and the terms of sale proposed in good
faith by the third party. 

  

	3.	Upon the Triggering Offer, Aladdin shall be entitled to accept such an offer upon giving written notice to Athena within twenty (20) days thereafter, in which case
Aladdin shall acquire all of the Assets on sale, at the price and upon the terms proposed, at a closing which shall take place within sixty business days thereafter. 

 

	4.	Where Aladdin fails to notify its consent to acquire the Assets as stated above, Athena shall be entitled to carry out the transactions as offered above exclusively
with the third party at the price and terms no more favorable to such third party than the terms, stated in the notice to Aladdin. 

  

	5.	Athena shall ensure that the provisions under this Exhibit E shall be binding upon all of its current and future shareholders and that the rights granted to Aladdin
under this Exhibit E shall be free from any other rights granted to any of the Company’s shareholders or any other party. 

 Exhibit B – Delivery Plan 

 

									
	 DELIVERY
	  	 TIMELINE
	  	 OWNER
	  	 ACCEPTANCE
CRITERIA
	  	 NOTES

					
	Sign off Requirements Book	  	8-Sep-06	  	 Aladdin
	  	Approved by Aladdin	  	Athena shall produce Requirements Book. Deliver by 5-Sep-06.
					
	Enable extended APDU’s to support 2048 keys	  	15-Oct-06	  	 Athena
	  	Approved by Aladdin HW team	  	
					
	Enable OS with USB PRO driver support and CCID	  	30-Oct-06	  	 Athena
	  	Approved by Aladdin HW team	  	Subject to possible delay due to eToken protocol and not CCID
					
	OS ready for masking after testing	  	17-Nov06	  	 Athena
	  		  	
					
	Applets ready for release	  	15-Dec-06	  	 Aladdin
	  		  	
					
	AT90SC25672RCT-USB Samples available	  	Q1 2007	  	 Athena
	  	Approved by Aladdin HW team	  	Exact date TBD with Atmel - Athena Task
					
	Second Chip AT90SC25672RCT available after mask changes	  	Q2 - If required	  	 Athena
	  	Approved by Aladdin HW team	  	Exact date TBD with Atmel - Athena Task
					
	Review system for FIPS compliance and prepare mask	  	3 months from commercialization	  	 Athena
	  		  	TBD
					
	FIPS 104-2 Level 3 certification	  	6 months from commercialization	  	 Athena
	  		  	TBD
					
	Review system for CC compliance and prepare mask	  	6 months from commercialization	  	 Athena
	  		  	TBD
					
	CC EAL 4+ evaluation certification (USB)	  	 12-16 months from

commercialization
	  	 Athena
	  		  	Estimate. Need to define protection profile. Is the Aladdin applet, SSCD Type 3 compatibleExhibit 10.30

 Exhibit 10.30 

OEM AGREEMENT 

THIS OEM AGREEMENT (the “Agreement”) is made between Microdasys Inc., incorporated in Nevada, with registered offices at 385 Pilot Road, Suite
A, Las Vegas, NV, 89119 (“Microdasys”), and Aladdin Knowledge Systems Ltd., an Israeli corporation having its principal place of business at having its principal place of business at 15 Beit-Oved St., Tel Aviv, Israel (“OEM”).

 WHEREAS: 
  

	A.	Microdasys provides security software and hardware; 

  

	B.	OEM is in the business of offering content security software and hardware solutions, and desires to offer Microdasys’ products in combination with OEM’s
products. 

 NOW IT IS AGREED as follows: 
  

	I.	DEFINITIONS 

 In this
Agreement: 
  

	1.1	“Bundled Unit” means a product listed in Exhibit A, which consists of the Programs together with the value added by the OEM to allow use with the OEM
Product. 

  

	1.2	“Commencement Date” means the date of the later of the two signatures below. 

 

	1.3	“Contract Year” means any successive period of twelve calendar months measured from the Commencement Date or any anniversary of such date.

  

	1.4	“End User” means an unaffiliated, third party customer of OEM or of any Reseller to whom any Bundled Units are provided for use in the regular course
of such person’s or entity’s internal business or personal use and not for resale or sublicensing by such person or entity. 

  

	1.5	“End User Licence” means an end user licence agreement between OEM and any End User to whom OEM or Reseller provides any Bundled Units and under the
terms and conditions of which the Bundled Unit (and the Documentation and any Product Updates or Maintenance Updates) are licensed to End Users. 

  

	1.6	“Fees” means the fees payable by OEM to Microdasys as described in Exhibit A. 

 

	1.7	“Intellectual Property Rights” means all present and future patent, copyright, confidential information, database rights, rights in designs, know-how,
mask works, trademarks, service marks, trade and business names, domain names, trade secrets and any other similar rights in any country, whether registered or not and including all applications for such rights, throughout the world including all
extensions and renewals. 

  

	1.8	“Licensed User” means an individual End User to whom Bundled Units are distributed and all employees, consultants or other persons who use a computer
or other electronic device which benefits from using the Bundled Unit provided to any End User. 

  

 1 

	1.9	“Net Sales” means the amount invoiced to End Users and Resellers by OEM for the Microdasys product portion of the Bundled Units.

  

	1.10	“OEM Licence” means the licence granted under this Agreement by Microdasys to OEM in respect of the Programs. 

 

	1.11	“OEM Product” means substantial added value in the form of the computer hardware and/or computer software products owned or licensed by OEM which are
identified on Exhibit A attached hereto, as may be amended by OEM from time to time. 

  

	1.12	“Product Update” means a subsequent update of the Programs which is generally made available to Microdasys’ own end users as part of their licence
or subscription without extra charge or under the terms of the end user’s maintenance plan. 

  

	1.13	“Programs” means the executable versions of the software programs owned, distributed or licensed by Microdasys and listed in Exhibit A (and any part of
them) which are to be supplied by Microdasys to OEM and for which OEM is granted the OEM Licence; such term shall include all Maintenance Updates (if applicable), and Product Updates from time to time, the media upon which such software is delivered
to OEM and the guides and manuals for use of such Programs (the “Documentation”). 

  

	1.14	“Resellers” means entities to which OEM distributes the Bundled Units for the purpose of distribution to End Users (and such term includes any other
entities, other than End Users, through which the Bundled Units are distributed by such entities). 

  

	1.15	“Microdasys’ Trademarks” means the Microdasys’ trademarks listed in Exhibit D. 

 

	1.16	“Maintenance Update” means a subsequent update to the Programs to correct one or more defects in the Programs and/or to add additional functionality,
which is generally made available to Microdasys’ own end users as part of their licence or Support and Maintenance Plan. 

  

	2.	OEM LICENCE 

  

	2.1	Appointment. Subject to the terms and conditions of this Agreement, Microdasys hereby appoints OEM as a non-exclusive, authorized distributor and sub-licensor of
the Program(s), solely in combination with and as part of the Bundled Units to End Users under brand names selected by OEM either (i) directly, as a distributor or reseller itself or (ii) indirectly, through Resellers.

  

	2.2	Licence Grant. Microdasys hereby grants to OEM and OEM hereby accepts, a worldwide non-exclusive, non-transferable right and licence to use the Programs as
follows, until this Agreement expires or is terminated: 

  

	 	2.2.1	to copy, market and distribute the Programs solely as part of the Bundled Units to Resellers for their distribution to End Users provided that OEM must (a) cause
each Reseller to enter into a written executed agreement (“Reseller Agreement”) binding the Reseller to terms and conditions no less protective of Microdasys’ rights and remedies than the terms of this Agreement and (b) enforce
each such Reseller Agreement fully; 

  

 2 

	 	2.2.2	to copy, market, sub-license and distribute the Programs as part of the Bundled Unit directly to End Users; 

 

	 	2.2.3	to use, demonstrate, display and provide the Programs to Resellers and/or End Users at no charge for evaluation only and not for sale, for the limited period of thirty
days and solely for the limited purpose of promoting and marketing the Programs as part of the Bundled Unit and OEM shall procure that any evaluation is subject to the terms and conditions of Microdasys’ standard licence agreement from time to
time; and 

  

	 	2.2.4	to use the Microdasys’ Trademarks solely in connection with Clause 2.6 and to market the Products in accordance with Microdasys’ current style guidelines as
such may be amended from time to time. 

  

	2.3	No Reverse Engineering. OEM shall not, alter, amend, modify, reverse engineer, decompile, disassemble or decode the Programs provided always that:

  

	 	2.3.1	OEM may observe, study or test the functionality of the Programs in order to understand the ideas and principles which underlie any element of the Programs; and

  

	 	2.3.2	Microdasys shall, free of any charge, provide to OEM all of the information necessary to create an independent program which can be operated with the Program or with
another program as may reasonably be requested by OEM from Microdasys 

  

	2.4	Bundled Units. OEM shall ensure that and shall procure that each Reseller to whom it supplies Bundled Units shall ensure that, it distributes and resells the
Programs only as Bundled Units. 

  

	2.5	Pre-Release Programs. Microdasys shall use best efforts to supply OEM with pre-production releases of Programs (which may be labelled “technical
preview” or “beta”). OEM acknowledges that these products are pre-release Programs, are provided “AS IS” without warranties of any kind, including any warranty as to infringement and are not suitable for general use and OEM
will not distribute or sub-license them to any Reseller or End User. 

  

	2.6	Microdasys’ Trademarks. Except to the extent expressly authorized by Microdasys, OEM shall not remove, delete or in any manner alter the, Microdasys’
Trademarks or other Intellectual Property Rights notices of Microdasys and/or its licensors, if any, appearing on the Programs as delivered to OEM. OEM shall reproduce and display Microdasys’ Trademarks and notices on each copy of the Programs
as part of the Bundled Unit in accordance with Microdasys’ then current style guidelines. If OEM adopts and uses its own trademarks to identify the Bundled Units, it shall state with reasonable prominence on the front of all marketing and
packaging materials that the Bundled Units are “Powered by Microdasys” or some other phrase previously approved in writing by Microdasys. Where OEM uses Microdasys’ Trademarks it shall comply with Microdasys” current style
guidelines as such may be amended from time to time. 

  

 3 

	2.7	Quality Assurance. Following a request on reasonable notice by Microdasys, OEM shall submit samples of the Bundled Unit to Microdasys at no cost for review and
approval where these are being used by, are to be used by or are for marketing or distribution to, End Users or Resellers. OEM shall use the Microdasys’ Trademarks solely on Bundled Units that are of a quality level at least comparable to the
quality level of samples approved by Microdasys. Microdasys shall have the right to immediately terminate the OEM Licence if such quality level is not met, in Microdasys’ reasonable determination. OEM shall, whenever requested by Microdasys,
remove from distribution any Bundled Units (including, without limitation, Bundled Units held by Resellers) if the quality or specifications thereof are inferior to the final samples approved by Microdasys. 

 

	2.8	Support. Microdasys shall provide OEM with support in respect of the Programs as detailed in Exhibit B. 

 

	3.	OEM’S OBLIGATIONS AND WARRANTIES 

  

	3.1	OEM warrants and agrees that it shall: 

  

	 	3.1.1	be responsible for integrating the Programs into the Bundled Unit; 

  

	 	3.1.2	integrate Maintenance Updates (if applicable) into the Bundled Unit within reasonable time from the posting of the same on the Microdasys’ web site and shall
provide Resellers and End Users then licensed to use the Programs as part of a Bundled Unit with copies thereof. 

  

	 	3.1.3	promptly distribute Product Updates to Resellers and End Users licensed to use a Program solely in combination with and as part of a Bundled Unit;

  

	 	3.1.4	be responsible for providing all support to Resellers and End Users, in respect of the Bundled Units including, without limitation, handling customer inquiries and
resolution of all basic problems relating to the Programs and employ a sufficient number of full-time staff, who are capable of competently providing first line technical support for the Bundled Units so that a high quality first line support
function is available for the Bundled Units and such service reaches at least the following service standards: 

  

	 	•	 	 available 09:00 hours to 17:30 hours local time week days excluding bank and public holidays 

All problems relating to the Programs that OEM is unable to resolve shall be referred by OEM to Microdasys (and in this respect OEM will
not suggest or allow its Resellers or End Users to contact Microdasys directly); 
  

	 	3.1.5	effect and maintain adequate security measures to safeguard the Programs and all copies of the Programs in the possession or control of OEM from theft or unauthorised
access; 

  

	 	3.1.6	promptly inform Microdasys of any facts or opinions of which OEM becomes aware and which are likely to be relevant in relation to the commercial exploitation of the
Programs, whether advantageous or disadvantageous to the interests of Microdasys; 

  

 4 

	 	3.1.7	conduct its business in a manner that will reflect favourably on the Programs and on the good name and reputation of Microdasys; 

 

	 	3.1.8	not by itself, or with others, participate in any illegal, deceptive, misleading or unethical practices, including, but not limited to, disparagement of the Programs or
Microdasys or other practices which may be detrimental to the Programs or Microdasys; 

  

	 	3.1.9	not make any promises or representations, or give any warranties, guarantees or indemnities in respect of the Programs except such as are contained in the Microdasys
End User Licence attached at Exhibit C, or as otherwise expressly authorised by Microdasys in writing; 

  

	 	3.1.10	ensure and procure that any and all Resellers ensure that each End User receives and is bound by an End User Licence which is no less protective of Microdasys’
rights than the Microdasys End User Licence at Exhibit C (or such other form of licence as Microdasys may notify to OEM on not less than 90 days prior written notice); 

 

	 	3.1.11	not sell (and to the extent that it is legal to do so procure that the Resellers do not sell or distribute) the Programs for use in or in association with safety
critical applications such as, without limitation, medical systems, transport management systems, vehicle and power generation applications including but not limited to nuclear power applications; and 

 

	4.	VERIFICATION 

  

	4.1	Records. OEM shall keep during the term of this Agreement and for a period of two (2) years thereafter complete, up to date and accurate records of
OEM’s use, marketing and distribution of the Programs as part of the Bundled Units, and the relevant Net Sales figures. 

  

	4.2	Certification. At Microdasys’ written request, OEM shall furnish Microdasys with a certificate executed by an officer of OEM verifying that the Bundled
Units are being supplied in accordance with the provisions of this Agreement. 

  

	4.3	Audit. OEM will for the duration of this Agreement and for one year thereafter permit an independent auditor on behalf of Microdasys access on written notice to
its premises at any time during normal business hours for the purpose of inspecting, auditing, verifying or monitoring the manner and performance of OEM’s obligations under this Agreement including, without limitation, OEM’s sales ledger
and other books of account maintained under clause 4.1. In the exercise of its right under this clause 4.3, Microdasys will not cause undue disruption to the business of OEM. 

 

	4.4	Conduct and Consequences of Audit. If an audit reveals that OEM has underpaid fees to Microdasys, OEM shall be invoiced for and shall pay to Microdasys an amount
equal to the shortfall between the fees due and those paid by OEM plus interest thereon at the rate of one and a half per cent (1.5%) per month. If the amount of the underpayment exceeds 5% of the fees due or the audit reveals a violation of
any licence restrictions pursuant to this Agreement, then, without prejudice to Microdasys’ other rights and remedies, OEM shall also pay Microdasys’ reasonable costs of conducting the audit. 

 

 5 

	5.	OWNERSHIP 

  

	5.1	Ownership. Microdasys shall retain all rights, title and interest in and to the Programs, the Microdasys’ Trademarks and all Intellectual Property Rights
therein. OEM shall not obtain or claim any rights or interest in the Programs, the Microdasys’ Trademarks or any Intellectual Property Rights therein, except as otherwise set forth in this Agreement. OEM shall not apply for or register as
trademarks or domain names any trademarks or domain names identical or confusingly similar to the Microdasys’ Trademarks or other Intellectual Property Rights anywhere in the world. 

 

	5.2	Improvements. In the event that OEM makes suggestions to Microdasys regarding new features, functionality or performance (“Improvements”) that
Microdasys adopts and develops for the Programs for general commercial release, such Improvements developed by Microdasys shall become the sole and exclusive property of Microdasys. OEM hereby assigns to Microdasys any and all rights, title and
interest it might have in and to any such Improvements and all Intellectual Property Rights therein. 

  

	6.	TERM AND TERMINATION 

  

	6.1	Term. The term of this Agreement shall begin on the Commencement Date and continue for an initial period of two (2) year, unless terminated earlier pursuant
to the terms of this clause 6. Thereafter this Agreement shall automatically renew for additional periods of one (1) year, unless and until either party terminates the Agreement on no less than ninety (90) days written notice, such notice
to expire on an anniversary of the Commencement Date. 

  

	6.2	Termination by either Party. Either party may terminate this Agreement immediately upon written notice to the other party if: 

 

	 	6.2.1	the other party materially breaches this Agreement and fails to correct the breach within thirty (30) days following written notice from the other party specifying
the breach and requiring the breach to be remedied; 

  

	 	6.2.2	a resolution has been passed authorising the issue of a notice (or a notice has been issued) convening a meeting of shareholders to consider a resolution for, or a
petition has been presented (and not set aside within seven days of its presentation) for, the winding-up of the other party or the other party goes into liquidation (other than a winding-up for the purposes of a solvent amalgamation or
reconstruction the terms of which have previously been approved in writing by the other party and in such manner that the entity resulting from the amalgamation or reconstruction effectively agrees to be bound by or assume the obligations imposed on
the relevant party under this Agreement) or the other party has taken or suffered any similar action or procedure due to debt; or 

  

	 	6.2.3	the other party has been dissolved. 

  

	6.3	Effect of Termination. Termination of this Agreement shall not relieve OEM of its obligations to pay all fees that have accrued or are otherwise owed by OEM to
Microdasys or OEM’s duty to provide contracted maintenance and support to Resellers and/or End Users. In the event that OEM cannot or will not provide the contracted maintenance and support Microdasys shall have the obligation to do so. Clauses
3, 4, 5, 6, 7, 9, 10 and 11, shall survive termination of this Agreement. 

  

 6 

	6.4	Handling of Programs Upon Termination. Upon termination of this Agreement for any reason OEM shall (a) cease using, sub-licensing and distributing all
Microdasys’ Trademarks and Programs but shall continue (a) to sell and distribute, itself or through Resellers, any and all existing inventory stock of Bundled units, subject to and in accordance with the applicable provisions of this
Agreement, on usual terms; and (b) to distribute Maintenance Updates to then existing End Users (directly or via Resellers) for the remainder of each End User’s then contracted maintenance and support period; and (c) return to
Microdasys or destroy all copies of the Programs in its possession or under its control within one (1) month after the end of the period referred to in (b) above and certify to Microdasys within one (1) month from the end of that
period that OEM has destroyed or has returned to Microdasys the Programs and/or Bundled Units and all copies. This requirement applies to copies in all forms, partial and complete, in all types of media and computer memory, and whether or not
modified or merged into other materials. Microdasys shall obliged to continuing to provide to OEM the Maintenance Updates for as long as OEM is obliged to continue to distribute Maintenance Updates to then existing End Users described above.

  

	7.	LIMITED WARRANTIES AND LIABILITY 

  

	7.1	Limited Program Warranty and Remedy. Microdasys warrants to OEM: (i) that the Programs do not and will not infringe any third party Intellectual Property
right; and (ii) that for a period of ninety (90) days from the date of delivery of the Programs (but not any Maintenance Updates provided) to the End Users (the “Warranty Period”) that: 

 

	 	7.1.1	the Programs will perform substantially in accordance with the Documentation provided that they are operated on the designated operating system(s); and

  

	 	7.1.2	the media on which the Programs are supplied will be free of material defects. 

Where there is any Upgrade which materially affects the functionality of the Programs (“a Material Upgrade”) then the Warranty
Period shall be extended to include a period of thirty (30) days from the date of each such Material Upgrade being made available to OEM and such period will expire on the date prior to the next Material Upgrade being made available if a
Material Upgrade occurs within the last 3D days of the initial 90 days Warranty Period or the 30 day Warranty Period from the last Material Upgrade. 

In the event of breach of these warranties, Microdasys’ exclusive liability and OEM’s sole remedy for breach thereof shall be
(at Microdasys’ option) to correct or replace the Programs and/or the Documentation within a reasonable time or to terminate this Agreement and refund an equitable portion of the Fees to OEM. Microdasys shall only be liable under this limited
warranty where Microdasys is notified in writing of the breach of warranty within the Warranty Period. 
  

	7.2	Subject to clauses 7.3 and 7.4, each party’s total liability to the other party, whether in contract, tort (including negligence) or otherwise in aggregate in
respect of all claims arising in a Contract Year, shall not exceed the total fees paid and due to Microdasys by OEM in the relevant Contract Year. The above limitation of liability shall not apply to breach of Section 10.

  

 7 

	7.3	NOTWITHSTANDING CLAUSE 7.2, BUT SUBJECT TO CLAUSE 7.4, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR ANY CLAIM FOR DAMAGE TO, OR LOSS OF OR COSTS IN RESPECT OF
ANY CONSEQUENTIAL INCIDENTAL OR RESULTING DAMAGES, ANY LOSS OF PROFIT, REVENUES, GOODWILL, BUSINESS OPPORTUNITIES OR PURE ECONOMIC LOSS (IN EACH CASE WHETHER THE LOSS IS DIRECT OR INDIRECT), OR ANY CLAIMS MADE UNDER THIS AGREEMENT EVEN IF ADVISED OF
THE POSSIBILITY OF SUCH DAMAGES. 

  

	7.4	Notwithstanding anything to the contrary in this Agreement Microdasys’ liability to OEM for:- 

 

	 	7.4.1	death or personal injury caused by the gross negligence of Microdasys; and 

 

	 	7.4.2	fraud; and 

  

	 	7.4.3	infringement of any third party’s Intellectual Property right 

is not limited, in each case including where such acts defaults or omissions were attributable to Microdasys, its employees or agents.

  

	7.5	Except for the express warranties and indemnity given by Microdasys in this Agreement, and without prejudicing Microdasys’ liability for fraud, Microdasys gives no
warranty, undertaking, or other comfort and makes no representation of any kind (whether express, implied, under statute, custom or otherwise) in relation to the Programs, including without limitation; 

 

	 	7.5.1	as to their merchantability, quality or fitness for a particular purpose; 

  

	 	7.5.2	that the Programs will allow to detect, identify or disable all or any specific harmful programs, viruses or harmful components; 

 

	 	7.5.3	that the Programs will not give false positive results; 

  

	 	7.5.4	that the Programs will meet OEM’s, its Resellers’ or End Users’ requirements; or 

 

	 	7.5.5	that the Programs will be error free and/or operate without interruption. 

 

	8	INDEMNITY 

  

	8.1	Microdasys shall defend and indemnify and keep OEM fully and effectively indemnified on demand from and against any and all losses, claims, damages, costs, charges,
expenses and liabilities which arise from any claim or proceeding alleging that OEM’s use, possession or distribution of the Programs, in accordance with the terms of this Agreement infringes any third party patent, copyright, trade secret or
trademark. OEM shall not be entitled to the benefit of this indemnity if:- 

  

	 	8.1.1	OEM fails to notify Microdasys in writing promptly of any claim being made or proceedings being issued against it; or 

 

	 	8.1.2	OEM does not at the written request of Microdasys forthwith cease to use or distribute the Programs on any such claim being made; or 

 

 8 

	 	8.1.3	OEM shall have, without the prior written consent of Microdasys, acknowledged the validity of the claim or proceedings of such third party or taken any action which
would or might impair the ability of Microdasys to contest the claim or proceedings of the third party if it so elects 

and in any such case Microdasys shall be entitled to terminate this Agreement forthwith by notice to OEM. 

 

	8.2	Microdasys shall have no liability under clause 8.1 or otherwise if the alleged infringement arises due to:- 

 

	 	8.2.1	modification of the Programs by anyone other than Microdasys; or 

  

	 	8.2.2	use of the Programs with any hardware, software or other component not provided by Microdasys (including the remainder of the Bundled Unit) in circumstances where use
of the Programs without such other hardware, software or component would not have led to liability under clause 8.1; or 

  

	 	8.2.3	use of the Programs other than in accordance with the Documentation. 

  

	8.3	If any such claim referred to in clause 8.1 is made against OEM, then Microdasys shall have: 

 

	 	8.3.1	the absolute discretion to decide how to defend any proceedings in relation to such third party’s claims, except that Microdasys shall not be entitled to admit to
any liability on the Part of OEM without obtaining OEM’s prior written consent; 

  

	 	8.3.2	the right to require, if it considers it necessary or desirable, OEM to join in any such proceedings at Microdasys’ cost; 

 

	 	8.3.3	the right to require OEM’s full co-operation (at Microdasys’ expense) with Microdasys in defending the claim; 

 

	 	8.3.4	the right to procure a licence so that OEM’s use, possession and distribution of the Programs in accordance with the terms of this Agreement does not infringe any
or all of a third party Intellectual Property Rights; 

  

	 	8.3.5	the right to modify the Programs so that they no longer infringe a third party’s Intellectual Property Rights (or any of them), without derogating from the
Programs functionality capabilities and performance specifications; and 

  

	 	8.3.6	the right to terminate this Agreement forthwith by notice to OEM if Microdasys cannot obtain a licence or modify the Programs in the manner referred to in clauses 8.3.4
and 8.3.5 in a manner which Microdasys considers commercially feasible and refund any applicable fees paid to Microdasys by OEM under this Agreement and OEM will in any event mitigate its losses as far as possible. 

 

	8.4	THIS CLAUSE 8 SETS OUT OEM’S SOLE REMEDY AND MICRODASYS” WHOLE LIABILITY IN THE EVENT THAT THE PROGRAMS INFRINGE THE PATENTS, TRADEMARKS OR COPYRIGHTS OF ANY
THIRD PARTY. 

  

 9 

	8.5	OEM shall indemnify and keep Microdasys fully and effectively indemnified on demand from and against any and ail losses, claims, damages, costs, charges, expenses,
liabilities, demands, proceedings and actions which Microdasys may suffer or incur, or which may be brought or established against it by any person, and which in any case arises out of, or in relation to, or by reason of:- 

 

	 	8.5.1	the manner in which OEM incorporates the Programs in any Bundled Unit or the fact of their incorporation into the Bundled Unit; 

 

	 	8.5.2	the independent supply by OEM of any products or services for use in conjunction with, or in relation to, the Bundled Unit; and/or 

 

	8.6	If any such claim referred to in clause 8.5 is made against Microdasys then OEM shall have: 

 

	 	8.6.1	the absolute discretion to decide how to defend any proceedings in relation to such third party’s claims except that OEM shall not be entitled to admit to any
liability on the Part of Microdasys without obtaining Microdasys’ prior written consent; 

  

	 	8.6.2	the right to require, if it considers it necessary or desirable, Microdasys to join in any such proceedings at OEM’s cost; 

 

	 	8.6.3	the right to require Microdasys’ full co-operation (at OEM’s expense) with OEM in defending the claim; 

 

	 	8.6.4	and Microdasys will in any event mitigate its losses as far as possible. 

  

	9	LICENCE FEES 

  

	9.1	Fees - OEM shall pay Fees to Microdasys in accordance with Exhibit A. For the avoidance of doubt, such Fees are payable whether or not OEM collects monies from
any End User or Reseller and whether or not any refunds are given by OEM to the End User or Reseller and in no event (other than in accordance with clause 7.1) shall OEM be entitled to any reimbursement or refund of Fees. OEM will make a prepayment
of license fees of US$ 10,000.00 (fifty thousand), due and payable within 10 days after the commencement date of this agreement. The prepayment will be applied in full to future royalty dues of OEM. 

 

	9.2	Reports - OEM shall keep complete and accurate records relating to its use, marketing, distribution and sale of the Bundled Units and the Programs. Such reports
shall, at a minimum, contain information detailing distributions of the Bundled Units during the applicable reporting month including the Net Sales value of the Programs, the number of units sold, the corresponding numbers of Licensed Users covered
and the applicable state(s) or country(ies) of the End Users for each sale. 

  

	9.3	OEM shall be responsible for preparing a report to be submitted to Microdasys within 30 working days of the end of each calendar quarter In the form and containing the
information set out in Exhibit E and accurately calculating the fees payable by OEM in accordance with Exhibit A, including the Net Sales. 

  

	9.4	Payment of the Fees shall be due within 60 days of the end of the quarter for which the fees are due. Delays in submission of reports will not lead to an extension of
this period. 

  

 10 

	9.5	Interest - If any sum payable under this Agreement is not paid when due or is delayed by OEM’s failure to comply with clause 9.3 then, without prejudice to
Microdasys’ other rights under this Agreement, that sum will bear interest from the due date until the date when payment is received by Microdasys, both before and after any judgement at the rate of 1.5% per calendar month.

  

	9.6	Taxes - All payments, fees and other charges payable by OEM to Microdasys under this Agreement are exclusive of all taxes, levies and assessments of any
jurisdiction. OEM agrees to bear and be responsible for the payment of all such taxes, levies and assessments imposed on OEM or Microdasys arising out of this Agreement, excluding any tax based on Microdasys’ net income. If OEM is required to
pay Microdasys a lower amount under this Agreement because of any withholding or tax, OEM shall pay to Microdasys such grossed-up amount as would be necessary to provide Microdasys the full amount of the Fees absent any withholding tax imposed on
amounts payable hereunder. 

  

	10	CONFIDENTIAL INFORMATION 

  

	10.1	In this Agreement “Confidential Information” includes all information relating to the trade secrets, operations, processes, plans, intentions, product
information, know-how, designs, market opportunities, transactions, affairs and/or business of the other party and/or to its customers or suppliers. 

  

	10.2	Each party shall both during the term of this Agreement and during the 3 years thereafter (or such longer period as the Confidential Information remains confidential):-

  

	 	10.2.1	keep all Confidential Information strictly confidential; 

  

	 	10.2.2	not disclose any Confidential Information to a third party, other than to such of its consultants, employees and/or officers as will of necessity acquire it as a
consequence of the performance of that party’s obligations under this Agreement (in which case the relevant party shall ensure that each such consultant, employee and/or officer shall keep such Confidential Information confidential and shall
not use any of it for any purpose or disclose “it to any person, firm or company other than those for which or to whom that party may lawfully use or disclose it under this Agreement); and 

 

	 	10.2.3	Use Confidential Information only in connection with the proper performance of this Agreement. 

 

	10.3	Clause 10.2 shall not apply to any Confidential Information to the extent that it: 

 

	 	10.3.1	comes within the public domain other than through breach of clause 10.2; 

  

	 	10.3.2	is required or requested to be divulged by any court, tribunal or governmental authority with competent jurisdiction after notice by the receiving party to the
disclosing party; or 

  

	 	10.3.3	is known to the receiving party at the date of this Agreement or becomes known to it free from any duty of confidence. 

 

	 	10.3.4	is independently developed by the receiving party without the participation of individuals who have had access to the Confidential Information; or

  

 11 

	10.4	This clause 10 shall continue in force after and despite the expiry or termination of this Agreement, whatever the reason for termination. 

 

	11.	GENERAL PROVISIONS 

  

	11.1	Governing Law. The laws of the State of Nevada shall govern this Agreement and all matters arising out of or relating to this Agreement. The United Nations
Convention on the International Sale of Goods shall not govern or otherwise apply to the transactions contemplated under this Agreement. 

  

	11.2	Disputes. Other than as set out in Clause 11.4, any disputes between the parties arising out of or in connection with this Agreement which cannot be settled
amicably shall in the first instance be notified in writing to the authorised representatives of each party. In the event that such authorised representatives do not reach an amicable settlement within 7 days of receiving written notice of such a
dispute then the matter shall be referred to mediation conducted by the American Arbitration Association in accordance with its Commercial Arbitration Rules. The arbitration will take place in Las Vegas, Nevada. In the event that the mediation does
not reach an amicable settlement within 1 month of referral to the same, the parties may proceed to the courts pursuant to Clause 11.3. 

  

	11.3	Jurisdiction. The courts of the State of Nevada shall have non-exclusive jurisdiction in connection with any dispute under this Agreement.

  

	11.4	Injunctive Relief. Each party acknowledges and agrees that any breach of its obligations with respect to Confidential Information and Intellectual Property
Rights would cause substantial harm to the other party that could not be remedied by payment of damages alone. Accordingly, the party will be entitled to preliminary and permanent injunctive relief in any jurisdiction where damage may occur in
addition to all other remedies available to it for any such breach. 

  

	11.5	Notices. Any notice under or in connection with this Agreement shall be in writing and shall be delivered by hand, or sent by first class mail (or by airmail if
sent abroad) or by fax or by email as follows: 

  

	 	11.5.1	if to Microdasys, to the address given on page 1, to legal@Microdasys.com or to fax number +1-702-435-0797; 

 

	 	11.5.2	if to OEM, to the address, email and fax number set out in Exhibit A; 

or to such other person, address or fax number as either party may specify to the other from time to time by notice given in accordance
with this Agreement, provided that any party giving any notice by fax shall also send a copy of that notice by mail, which shall be placed in the mail by that party on the date of transmission of the fax or the next Working Day thereafter.

  

	11.6	In the absence of evidence of earlier receipt, any properly addressed notice shall be deemed to have been duly given: 

 

	 	11.6.1	if sent by first class mail, three Working Days after posting, provided that there are no postal strikes affecting the relevant areas; 

 

 12 

	 	11.6.2	if sent by airmail, 10 days after posting, provided that there are no postal strikes affecting the relevant areas; 

 

	 	11.6.3	if sent by fax, on completion of its transmission (if during the normal working hours of the recipient) or at 10:00AM PST on the next Working Day (if any part of the
fax was transmitted outside the recipient’s normal working hours); 

  

	 	11.6.4	if sent by email, at 10:00AM PST on the next Working Day (provided that a copy is also sent in the manner required by clause 11.6.1 or 11.6.2 (as the case may be) on
the same date as the email is sent). 

  

	11.7	“normal working hours” shall mean 09:00AM PST to 05:30PM PST inclusive, on Working Days and “Working Days” means Mondays to Fridays
inclusive, but excluding bank and public holidays in the country where the notice is received. 

  

	11.8	Severability. In the event any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions of this Agreement will remain in full
force. 

  

	11.9	Waiver. The failure to exercise or delay in exercising a right or remedy under this Agreement shall not constitute a waiver of the right or remedy or a waiver of
any other or subsequent right or remedy. 

  

	11.10	Export Administration. Microdasys understands that End Users may utilize the Bundled Units in connection with its worldwide operations and that such Bundled
Units may be transferred by End User, to the extent not prohibited hereunder, to locations outside the United States. Microdasys shall provide complete export information, in the form of Exhibit F to this Agreement, with respect to all Programs
being licensed by OEM hereunder. Microdasys represents that such exhibit sets out accurately the current applicable limitations with respect to the export of such Programs, the classification of such Programs under the Department of Commerce
Commodity Control List (including the currently applicable ECC Number), whether such Programs are described in the U.S. Munitions List, the export license available for transfer of such- Programs by End Users as described above, and that all
Programs included in the Bundled Units qualify for export license GTDU under the general Licensed Product note listed in Supplement No. 2 to Section 799.1 of the Export Administration Regulations, as revised. Subject to the aforesaid, OEM
agrees to comply fully with all relevant current and future export laws and regulations of the United States and/or any other country, as provided to OEM by Microdasys (“Export Laws”) including, without limitation, to insert within its
related agreements clauses which shall requires compliance with applicable Export Laws. Subject to the aforesaid OEM is solely responsible for fulfilling any applicable governmental requirements in connection with its use, disclosure and/or
transport of the Programs either alone or as part of the Bundled Unit. 

  

	11.11	Relationship Between the Parties. Each party is an independent contractor of the other; nothing in this Agreement shall be construed to create a partnership,
joint venture or agency relationship between the parties. 

  

	11.12	Product Reference. OEM agrees, upon request and with reasonable notice from Microdasys, to act in the capacity of a referee, discussing Microdasys’ products
utilized and services received by OEM, with potential Microdasys’ resellers or business partners. 

  

 13 

	11.13	Entire Agreement. This Agreement together with the exhibits hereto constitutes the complete agreement between the parties and supersedes all prior or
contemporaneous, non-fraudulent agreements or representations, written or oral, concerning the subject matter of this Agreement and such exhibits, appendices and attachments. This Agreement may not be modified or amended except in writing signed by
a duly authorized representative of each party; no other act, document, usage or custom shall be deemed to amend or modify this Agreement. 

  

	11.14	Construction. The headings in this Agreement are for purposes of convenience only and shall not affect the meaning or construction of the clauses to which they
relate. Any use in this Agreement of words denoting the singular include the plural and vice versa. 

  

	11.15	Assignment. Neither this Agreement nor any rights granted hereunder, nor the use of any of the Programs may be assigned, or otherwise transferred, in whole or in
part, by OEM, without the prior written consent of Microdasys. Microdasys may assign monies due or becoming due or this Agreement in the event of a merger or sale of all or substantially all of the stock of assets of Microdasys without the consent
of OEM. Any attempted assignment will be void and of no effect unless permitted by the foregoing. This Agreement shall inure to the benefit of the parties permitted successors and assigns. 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

 

									
	MICRODASYS INC.	 		 	ALADDIN KNOWLEDGE SYSTEMS LTD.
					
	Signature:	 	 /s/ Karl Altman
	 		 	Signature:	 	 /s/ Tsion Gonen

					
	Name:	 	Karl Altman	 		 	Name:	 	Tsion Gonen
					
	Title:	 	PRESIDENT & CEO	 		 	Title:	 	Vice President eSafe
					
	Date:	 	9/20/2006	 		 	Date:	 	9/23/2006

  

 14 

 EXHIBIT A 

 

	1.	PROGRAMS 

 Microdasys SCIP, Encrypted Content
Security, SMB Edition 
  

	2.	OEM PRODUCT 

 eSafe, Content Security Gateway

  

	3.	BUNDLED UNIT 

 eSafe SSL Gateway (name subject
to change), Content Security Gateway for HTTPS traffic inspection. 
  

	4.	SUGGESTED END-USER PRICING / FEE SCHEDULE 

 The
suggested list price of the Microdasys portion of the Bundled Units will be set at around 50% from the standard eSafe list price. This price will include 1 year of maintenance and support. AH subsequent 12 month maintenance and support periods shall
be billed to OEM at 18% of the initial price. 
 OEM will pay 25% of the net proceeds to Microdasys. 

All payments to Microdasys shall be made in US Dollars and paid via wire transfer to a bank account specified by Microdasys. 

 

 15 

 EXHIBIT B 

SUPPORT 
  

	1.1	Microdasys shall provide Product Updates and Maintenance Updates (if applicable) to OEM at about the same time as it provides the same to its resellers and / or end
users. 

  

	1.2	Microdasys shall train OEM’s technical support staff at either OEM’s or Microdasys’ site. Such training shall be provided by Microdasys to both OEM
personnel in the USA and in Israel at Microdasys expense, free of any charge whatsoever, if provided at Microdasys premises and against payment of agreed rate of T&E, if OEM will decide that said training will be provided at OEM’s premises.

  

	1.3	Requests for support shall be classified according to the following severity levels: 

 

			
	Level 1	 	Severe operations and business impact. A product problem that causes a material loss of service; work should not continue and operation is mission critical to the customer
business. No acceptable workaround exists to the problem.
		
	Level 2	 	Significant operations and business impact. A product problem that causes any non-negligible loss of service and no acceptable workaround is available. However, operation can
continue in a restricted fashion or be alternately routed; but the problem adversely impacts customer business.
		
	Level 3	 	Some operations and business impact A product problem that causes a negligible or no loss in service. The impact is an inconvenience, which does not otherwise impede
operation or customer business.

 Microdasys will ordinarily seek to respond to OEM’s telephone calls or
emails for assistance in accordance with the following target response times: 
  

					
	 Severity

Level
	  	 Target Response

Time
	  	 Target Resolution Time

			
	Level 1	  	Within 2 hour	  	Microdasys will work continuously until the incident is resolved or it is reduced to a Severity Level 2 or 3
			
	Level 2	  	Within 4 hours	  	Within 72 hours. Microdasys will work continuously until the incident is resolved or it is reduced to a Severity Level 3
			
	Level 3	  	Within 24 hours	  	Within 240 hours

 OEM acknowledges that no such response or
fix times are guaranteed. 
  

 16 

	2.	OEM 

  

	 	2.1	Subject to Microdasys’ obligations in clauses 1.2 of this Exhibit B above and 2.8 of this Agreement, OEM shall be responsible for providing all support to End
Users, which entails handling the initial customer inquiry and resolution of all basic problems relating to the service and the Program. All problems that OEM is unable to resolve after making reasonable efforts shall be referred by OEM to
Microdasys. 

  

 17 

 EXHIBIT C 

MICRODASYS SOFTWARE ENDUSER LICENSE AGREEMENT 

1. GRANT OF LICENSE - Microdasys Inc. (“Microdasys”) grants to you a non-exclusive, nontransferable, non-sublicensable license to use SCIP, in
binary executable form (the “Product”). 
 2. PERMITTED USES - This Software End User License Agreement (“Agreement”)
permits you to use one copy of the Product, as a server for up to a number of computers for which you have paid for this license (each, a “Seat”). A computer serves as a Seat when the user at the Seat accesses or utilizes, directly or
indirectly, the Product. Use of software or hardware which reduces the number of computers directly accessing or utilizing the Product (also known as “pooling” or “multiplexing”) will not be deemed to reduce the number of Seats.
Each computer indirectly accessing or utilizing the Product is still considered a Seat. You are permitted to install the product on more than one server for load-balancing and High-Availability reasons, provided that the total number of licensed
seats accessing either one of these servers is not exceeded. 
 3. COPYRIGHT - All title and copyrights in and to the Product and any copies
thereof are owned by Microdasys or its suppliers. The Product is protected by United States copyright laws, international treaty provisions and all other applicable national laws. The Product is licensed, not sold. All title and intellectual
property rights in and to the content which may be accessed through use of the Product are the property of the respective content owner and may be protected by applicable copyright or other intellectual property laws and treaties. This agreement
grants you no rights to use such content. Therefore, you must treat the Product like any other copyrighted material (e.g. a book or musical recording) except that if the Product is not copy protected, you may make one copy of the Product solely for
backup or archival purposes, provided any copy must contain all of the original Product’s proprietary notices. You may not copy the Product manual(s), on-line documentation, or any written materials accompanying the Product. If you receive your
first copy of the Product electronically, and a second copy on media, the second copy may be used for archival purposes only, and must contain the same proprietary notices which appear on and in the Product. This Agreement does not grant you any
right to any enhancement or update. 
 4. RESTRICTIONS - You may not rent or lease the Product, and may not transfer your rights under this
Agreement without obtaining the prior written consent of Microdasys. To the extent such restriction is allowable under law, you may not reverse engineer, decompile or disassemble the Product. You may not distribute copies of the Product to third
parties. You may not integrate, incorporate or bundle the Product into any other software or include the Product in other software or hardware without receiving the prior written consent of Microdasys. You must not disclose the results of any
benchmark test of the Product to any third party without Microdasys’ prior written approval. You must not publish reviews of the Product without prior consent from Microdasys. You acknowledge that the source code form of the Product remains a
confidential trade secret of Microdasys and/or its suppliers. You must maintain all copyright notices on all copies of the Product. 
 5. TERM -
The term of this Agreement is perpetual. However, you may terminate your license at any time by destroying ail copies of the Product and Product documentation. 

6. TERMINATION - Your license will terminate automatically if you fail to comply with the limitations described above. On termination, you must destroy
all copies of the Product. 
  

 18 

 7. NOTE ON SSL SUPPORT - The Product contains support for encrypted programs using SSL. SSL technology is
not fault tolerant and is not designed, manufactured, or intended for use or resale as on-line control equipment in hazardous environments requiring fail-safe performance, such as in the operation of nuclear facilities, aircraft navigation or
communication systems, air traffic control, direct life support machines, or weapons systems, in which the failure of SSL technology could lead directly to death, personal injury, or severe physical or environmental damage. Furthermore, the Product
does not provide complete protection against harmful applications. 
 YOU ARE EXPLICITLY WARNED THAT THE SECURITY ENHANCEMENT FEATURES OF THE
PRODUCT DO NOT PROVIDE TOTAL PROTECTION AGAINST DAMAGING SOFTWARE ROUTINES. 
 8. LIMITED WARRANTY - Subject to payment of applicable license
fees, Microdasys warrants that the Product will perform substantially in accordance with the accompanying Product manual(s) or on-line documentation for a period of 90 days from the date of fee payment. Any implied warranties on the Product are
limited to 90 days. Microdasys does not warrant that the Product is error free. Microdasys’ entire liability and your exclusive remedy under this warranty shall be, at Microdasys’ option, either (a) return of the price paid or
(b) repair or replacement of the Product that does not meet this limited warranty and which is returned to Microdasys with a copy of your receipt. This limited warranty is void if failure of the Product has resulted from accident, abuse, or
misapplication. Any replacement Product will be warranted for the remainder of the original warranty period or 30 days, whichever is longer. 

9. NO OTHER WARRANTIES - EXCEPT AS EXPLICITLY SET FORTH IN THIS AGREEMENT. THE PRODUCT IS PROVIDED “AS IS”. MICRODASYS DOES NOT WARRANT THAT
THE PRODUCT IS ERROR-FREE. ADDITIONALLY, MICRODASYS DISCLAIMS ALL WARRANTIES, EITHER EXPRESS OR IMPLIED. INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. 

10. NO LIABILITY FOR CONSEQUENTIAL DAMAGES - IN NO EVENT SHALL MICRODASYS OR ITS SUPPLIERS BE LIABLE FOR ANY CONSEQUENTIAL OR INDIRECT DAMAGES WHATSOEVER
(INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR OTHER PECUNIARY LOSS) ARISING OUT OF THE USE OF OR INABILITY TO USE THIS MICRODASYS PRODUCT, EVEN IF MICRODASYS HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS LIMITATION SHALL APPLY NOTWITHSTANDING THE FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY. SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES OR LIMITATIONS ON HOW LONG AN IMPLIED
WARRANTY MAY LAST, OR THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATIONS OR EXCLUSIONS MAY NOT APPLY TO YOU. THIS AGREEMENT GIVES YOU SPECIFIC LEGAL RIGHTS AND YOU MAY ALSO HAVE OTHER RIGHTS, WHICH VARY FROM
JURISDICTION TO JURISDICTION 
 11. EXPORT REGULATIONS - This software contains cryptography and is therefore subject to US government export
control under the U.S. Export Administration Regulations (EAR). EAR Part 740.13(e) allows the export and reexport of publicly available encryption source code that is not subject to payment of license fee or royalty payment. Object code resulting
from the compiling of such source code may also be exported and reexported under this provision if publicly available and not subject to a fee or payment other than reasonable and customary fees for reproduction and distribution. This kind of
encryption source code and the corresponding object code may be exported or reexported without prior U.S. government 
  

 19 

 export license authorization provided that the U.S. government is notified about the Internet location of
the software. The open source software used in this product is publicly available without license fee or royalty payment, and all binary software is compiled from the open source code. The U.S. government has been notified about this software as
explained above. Therefore, the source code and compiled object code may be downloaded and exported under U.S. export license exception (without a U.S. export license) except to the following destinations: Afghanistan (Taliban controlled areas),
Cuba, Iran, Iraq, Libya, North Korea, Serbia, Sudan and Syria. This list of countries is subject to change. 
 12. MISCELLANEOUS – This
Agreement represents the complete agreement concerning the license between you and Microdasys and supersedes all prior agreements and representations between you and Microdasys. It may be amended only by writing executed by you and Microdasys. If
any provision of the Agreement is held to be unenforceable for any reason, such provision shall be reformed only to the extent necessary to make it enforceable. This Agreement is governed by the laws of the United States of America. Should you have
any questions concerning this Agreement, or if you desire to contact Microdasys for any reason, please contact the Microdasys affiliate serving your country or write to: Microdasys Inc., 385 Pilot Rd., Suite A, Las Vegas, NV, 89141. 

13. RPA – All Certificate Authorities (“CA”) have some sort of agreement in place (usually called Relying Party Agreement,
“RPA”). We strongly recommend that you read these prior to using any of their services, including but not limited to Certificate Revocation List (“CRL”) and Online Certificate Status Protocol (“OCSP”) repositories. It
is your sole responsibility to retrieve these agreements from each CA’s respective website and decide to whether or not to agree to the terms and conditions of the RPA of each CA. You may only use the Microdasys SCIP CRL and OCSP and the
Microdasys SCIP Certificate Validation Engine for certificates of those CAs which RPA you have read, understood and agreed to. You are also responsible for re-visiting the websites of the CAs from time to time, to verify whether or not the content
of the RPA has been amended. By installing and using the Microdasys SCIP product and the Microdasys CRL and OCSP Engine and Database, you declare that you have read and understood the above and accept its conditions. 

This product includes software developed by the OpenSSL Project for use in the OpenSSL Toolkit (http://www.openssl.org/) 

##### 
  

 20 

 EXHIBIT D 

MICRODASYS’ TRADEMARKS 

MICRODASYS®
 
 MICRODASYS 

SCIP®
 SECURE CONTENT INSPECTION PROXY 
  

			
	SCIP	  	ENCRYPTED CONTENT SECURITY

XmlRAY®
 CONTENT SECURITY FOR WEBSERVICES (pat. pend.) 

XML
RAY 

CONTENT SECURITY FOR WEBSERVICES 
  

 21 

 EXHIBIT E 

PROFORMA LICENCE FEE REPORT 

ROYALTY 
 REPORT 

OEM: 
  

										
	 Product

	 	# of
Seats            	 	Country            	 	
OEM net sales

amount US$            
	 	Royalty Fee US$	       
     
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	 	 		 	 
	 	 	 	 	 	 	 	 	 	 
	  	 	  	 	  	 	 Total Royalty

Fees:            
	 	  

 

 22 

 EXHIBIT F 

EXPORT ADMINISTRATION INFORMATION 

“The programs contain cryptography libraries (OpenSSL) and is therefore subject to US government export control under the U.S. Export Administration
Regulations (EAR) and is controlled under ECCN 5D002 and is considered publicly available under Section 734.3(b)(3) of the EAR. EAR Part 740.13(e) allows the export and re-export of publicly available encryption source code that is not subject
to payment of a license fee or royalty payment. Object code resulting from the compiling of such source code may also be exported and re-exported under this provision if publicly available and not subject to a fee or payment other than reasonable
and customary fees for reproduction and distribution. This kind of encryption source code and the corresponding object code may be exported or re-exported without prior U.S. government export license authorization or review, provided that the U.S.
government is notified about the Internet location of the software. The open source encryption software used in the program is publicly available without license fee or royalty payment, and the respective binary software is compiled from the open
source code. The U.S. government has been notified about this software as explained above. The source code and compiled object code may be exported and re-exported under U.S. export license exception TSU, except to the following destinations:
Afghanistan (Taliban controlled areas), Cuba, Iran, Iraq, Libya, North Korea, Serbia, Sudan and Syria. This list of countries is subject to change.” The product is not described in the US Munitions List and does not fall under Category XIII
b(1,2,3,4) of the US Munitions List. 
  

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