Document:

Exhibit 10.27

 Exhibit 10.27 

LICENSE AGREEMENT 

This Agreement is entered into effective December 22, 1999 (the “Effective Date”) by and 

between Howard Delman, an individual residing at 415 South
12th Street, San Jose, California 95112
(“Delman”) and Secure Computing Corporation, a Delaware corporation with offices located at One Almaden Boulevard, San Jose, California 95113 (“Secure”). 

WHEREAS, Secure has designed and developed a new token product line (the “Product”); and 

WHEREAS, Delman has designed and developed, based on technology provided by Secure Computing, enhanced software (the
“Licensed Technology”) as embodied in a programmed chip (the “Licensed Chip”) for use in Secure’s Product; and 

WHEREAS, the parties desire that Secure obtain exclusive rights to the Licensed Technology under the terms and conditions
hereinafter set forth; the parties hereby agree, as follows: 
 1. Technology Transfer. Upon execution of this Agreement, Delman shall
deliver to Secure, or its agents, the object code for the Licensed Technology, and such other technical information, such as schematics and part lists, as Delman, in his sole reasonable discretion, deems appropriate for purposes of the exercise by
Secure of its license rights hereunder. Thereafter, Delman shall provide reasonable assistance to Secure and its suppliers, as follows: 
  

	 	(a)	Incorporating the Licensed Technology into commercial versions of the Product; 

 

	 	(b)	Developing a new token product line for use with the Licensed Technology; and 

 

	 	(c)	Being available for general technical consultation regarding products utilizing the Licensed Technology, subject to Section 7. 

2. Grant of License. In consideration of the royalty payments as set forth herein below, Delman hereby grants Secure a worldwide, exclusive
license, without right to sublicense, under Delman’s Intellectual Property Rights to make, use and sell the Licensed Technology as integrated into the Product. The license shall be irrevocable and perpetual except as provided in Section 4.
For this purpose, Delman’s Intellectual Property Rights means any and all inventions, original works of authorship, developments, concepts, improvements, discoveries, ideas, trademarks or trade secrets, whether or not patentable or registrable
under the copyright or similar laws, but only insofar as the foregoing are applicable to the Licensed Technology. Except as set forth in Section 10, it is understood that the source code for the programming of the Licensed Technology is not
licensed hereunder and that this source code remains the exclusive property of Delman; Secure agrees that it will not reverse-engineer, disassemble, or otherwise attempt to derive the source code, programming algorithms, or flow charts from the
object code, or from any device or medium containing the object code. 
 3. Commercialization. Delman agrees that decisions regarding the
development, production, and commercialization of products utilizing the Licensed Technology are within Secure’s sole reasonable discretion. Secure, or its agents, shall have the sole responsibility for mechanical layout; packaging; printed
circuit board (PCB) design, fabrication, and assembly; designing, sourcing, and certifying components, other than the Licensed Technology; and the manufacture of the physical Product. 

4. Royalties. Secure shall pay Delman a royalty based on each Licensed Chip embodied in a Product delivered by Secure for regular commercial use,
as follows: 
 U.S. $0.75 per Licensed Chip for the first 500,000 Products, 

 U.S. $0.62 per Licensed Chip for the next 500,000 Products, and 

U.S. $0.65 per Licensed Chip thereafter. 

Within thirty (30)days following the end of each calendar quarter, Secure shall provide a royalty report showing i) the quantity of
royalty-bearing Products that incorporates the Licensed Technology delivered for regular commercial use during such calendar quarter, ii) any adjustments due as a result of errors in previous quarterly reports, and iii) the amount of the royalty
fees due and payable for the calendar quarter. Secure shall make payment of royalty fees for each copy of the Licensed Technology sublicensed hereunder within thirty (30) days after submission of the required report as specified above. Late
payments shall bear interest at the lesser of 1-1/2 percent per month or the maximum rate permitted by law. 
 Secure shall
maintain its business records and documents relating to such sales for a period of three years following the end of each month. Delman, or his agents, may inspect such records upon reasonable notice. If such inspection reveals a shortfall of 10% or
more in the reporting of royalties, Secure shall pay Delman for his costs and time, at reasonable rates, in conducting the inspection. If Secure shall fail to make reports and royalty payments as herein required, Delman may terminate this Agreement,
upon written notice which shall become effective 30 days thereafter unless such failure is cured by then. In the event of such termination, Secure shall no longer have the right to sell or deliver products embodying the Licensed Technology.

 Notwithstanding the above, Delman grants Secure a royalty-free right to reproduce and use the Licensed Technology and any
documentation as needed for the purpose of demonstrating, providing support and marketing the Product incorporating the Licensed Technology to Sccurc’s partners, and End Users. 

5. Warranties. 
 (a) Delman represents and
warrants that he has legal title and rights of ownership of the Licensed Technology and supplemental documentation, and that he has full power and authority to provide the license granted by this Agreement to Secure. 

(b) Delman warrants that for a period of ninety (90) days following any updates or enhancements to the Licensed Technology, the Product
incorporating the Licensed Technology will perform substantially in accordance with Delman’s written documentation under normal use. Delman does not warrant that the functions contained in the Licensed Technology will meet Secure’s
requirements or that its operation will be uninterrupted or error-free. Delman’s entire liability and Secure’s exclusive remedy shall be the correction of any non-conformance by repair or replacement of the Licensed Technology. 

(c) Delman warrants that the Licensed Technology will accurately process and present calendar dates on or after (and, if applicable, spans of time
including) January 1, 2000, and the occurrence in or use by the Licensed Technology of dates before, on or after January 1, 2000 will not adversely affect Secure’s use of the Licensed Technology with respect to date-dependent data and
computations, provided that all other technology used in conjunction with the Licensed Technology is similarly compliant 
 (d) Delman warrants
that he is unaware of any third party rights that may be infringed by the exercise of the license herein granted. 
  

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 (e) THE WARRANTIES STATED HEREIN ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR ANY OTHER NONINFRINGEMENT WARRANTY OR INDEMNITY. 
 6. Bug Fixes. Delman
and Secure have both tested the software embodied in the Product, and both believe it to be free from errors. Delman agrees to correct, in a timely manner, and at no charge to Secure, any errors (“bugs”) in the software embodied in the
Product. Secure understands that any change in the software may result in additional charges being imposed by the manufacturer of the programmed chip used in the Product. Delman will not be responsible for these, or any other charges or delays by
third parties, as a result of correcting such bugs. 
 7. Enhancements. Any enhancements to the Licensed Technology, reasonably requested
by Secure, will be made by Delman at Delman’s prevailing market rate. Should Delman be unwilling or unable to make appropriate software modifications related to any such changes or enhancements, Delman agrees to provide Secure Computing with
the source code for the programming of the Licensed Technology in accordance with paragraph 10 below. 
 8. Confidentiality 

(a) Definition. “Confidential Information” shall only mean that information which is identified by written notice thereon as being
confidential. If information is disclosed visually or orally, it shall be treated as confidential if it is identified as such at the time of disclosure and is summarized in written form, bearing a proprietary legend, and delivered to the receiving
party within twenty (20) days after disclosure. Confidential Information shall not include information which is: a) rightfully in the possession of or known to the receiving party prior to the disclosure, b) publicly known or becomes publicly
known through no unauthorized act of the receiving party, c) rightfully received by the receiving party from a third party without obligation of confidentiality, d) independently developed by or for the receiving party, e) transmitted by the
disclosing party after expiration or termination of this Agreement, or f) required to be disclosed pursuant to a valid order created by a court or government agency, provided that the receiving party provides prior written notice to the disclosing
party of such obligation and the opportunity to oppose such disclosure. 
 (b) Handling of Confidential Information. A party receiving
Confidential Information from the other agrees to handle such Confidential Information in the same manner that it handles its own confidential information of like importance, but with at least a reasonable degree of care, for a period of five
(5) years after the date of disclosure. 
 (c) Limitation on Disclosure. A party receiving Confidential Information from the other
shall not disclose, in whole or in part, such Confidential Information to any third party without the prior written consent of the disclosing party during the period of time that such information is to be handled as confidential. The receiving party
may disclose Confidential Information only to those of its employees and consultants who require knowledge of such Confidential Information for the purposes contemplated by this Agreement provided such employees and consultants have executed
agreements imposing on them the duty to maintain proprietary information in confidence to the same extent as the receiving party hereunder. 
  

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 (d) Obligations upon Termination. Upon termination of this Agreement or upon written request of the
disclosing party, all Confidential Information shall be returned or destroyed at the disclosing party’s option. The parties’ obligations with respect to Confidential Information disclosed to it prior to termination shall survive
termination. 
 (e) No License. Neither the execution of this Agreement nor the furnishing of any Confidential Information hereunder
shall be construed as granting, either expressly, by implication, estoppel, or otherwise, any license other than as expressly set forth herein under any invention, patent, copyright, trade secret, mask work right, or any other intellectual property
right, now or hereafter owned or controlled by the party furnishing same. 
 9. Source Code. In addition to any rights Secure may have
under this Agreement, should Delman i) be unwilling or unable to provide support or make appropriate software modifications to the Licensed Technology, or ii) be in material default under this Agreement which default remains uncured for a period of
thirty (30) days after receipt of written notice from Secure Delman shall, within ten (10) days after written notice from Secure, provide to Secure, at no additional cost, one complete copy of the Source Code (defined to mean the program
source code corresponding to the Licensed Technology, including any and all updates, upgrades, plus all necessary instructions, documentation, tools or other information that may be necessary for the use thereof in preparation of the Product).

 10. Limitation of Liability. IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY SPECIAL, INCIDENTAL, CONSEQUENTIAL OR
EXEMPLARY DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO ANY LOST PROFITS AND LOST SAVINGS, HOWEVER CAUSED, WHETHER FOR BREACH OR REPUDIATION OF CONTRACT, TORT, BREACH OF WARRANTY, NEGLIGENCE, OR OTHERWISE, WHETHER OR NOT THE PARTY WAS ADVISED OF
THE POSSIBILITY OF SUCH LOSS OR DAMAGES. 
 NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS AGREEMENT, EACH PARTY’S TOTAL
LIABILITY TO THE OTHER ARISING FROM* OR IN RELATION TO THIS AGREEMENT, WHETHER ARISING IN CONTRACT, TORT (INCLUDING NEGLIGENCE) OR STRICT LIABILITY, SHALL BE LIMITED TO THE AMOUNT OF ROYALTIES PAID AS TO DELMAN’S LIABILITY, OR THE OUTSTANDING
ROYALTIES AND OTHER PAYMENTS OWED UNDER THIS AGREEMENT AS TO SECURE’S LIABILITY. 
 11. Notices. All notices to a party required or
permitted hereunder shall be in writing and be personally delivered, or delivered by Fed Ex or other national courier service, to the party’s address given in the opening paragraph hereof or to such other address as the party may give by
written notice pursuant to and specifically referencing this Section 11. 
 12. Governing Law and Venue. This Agreement shall be
governed and construed in accordance with the laws of the State of California without giving effect to such State’s conflict of laws principles. Exclusive jurisdiction and venue for any litigation arising under or relating to this Agreement
shall be in the courts located in Santa Clara County, California. 
 13. Miscellaneous. This Agreements sets forth the entire agreement
and understanding of the parties relating to the subject matter hereof and supersedes all prior understandings, written, verbal or implied. It may be amended, modified or waived only in writing signed on behalf of the party against which such
amendment, modification or waiver is to be enforced. No waiver or failure to enforce rights hereunder by a party shall impair subsequent enforcement of any rights not specifically waived in writing If any provision is held to be unenforceable, the
Agreement shall continue in effect provided that the Agreement 
  

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is, or can be reasonably reformed to be, consistent with the intent of the parties. Neither party may assign this Agreement, nor any of its rights or obligations thereunder, without the prior
written consent of the other party. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of
the Effective Date. 
  

							
	Howard Delman	 		 		 	Secure Computing Corporation
				
	 /s/ Howard Delman
	 		 	By	 	 /s/ Mary Budge

	(signature)	 		 		 	(signature)
				
	 1/7/00
	 		 		 	 Mary Budge

	(date)	 		 		 	(printed name)
				
		 		 		 	 General Counsel

		 		 		 	(title)
				
		 		 		 	 1/7/00

		 		 		 	(date)

  

 5 

 AMENDMENT ONE 

to the 

LICENSE AGREEMENT 

between 

SECURE COMPUTING CORPORATION 

and 

HOWARD DELMAN 
 This
document (“Amendment One”) shall serve to amend the License Agreement between Secure Computing Corporation (“Secure”) and Howard Delman (“Delman”) dated December 1, 1999 (the “Agreement”). 

The Agreement is amended as follows (with the capitalized terms having the same meaning as set forth in the Agreement): 

 

	1.	Section 4, Royalties, is amended as follows: 

For sales of Product made to Banco Nacional de Mexico (Banamex), Secure shall pay Delman a royalty of U.S. $0.25 per Licensed Chip
embodied in a Product delivered by Secure for regular commercial use. 
 In the event that Secure has not shipped at least
500,000 units of Product to Banamex within 12 months of the Effective Date, this Amendment One will become null and void, and henceforth the royalty for Products sold to Banamex will be at the same rate as for all other sales. Secure will have no
liability for additional royalties on any sales made to Banamex while this Amendment One was in force. 
 Other than the modifications
set forth above, the terms and conditions of the Agreement remain unchanged and in full force and effect. 
 The Effective Date of this
Amendment One is October 20, 2005 
  

									
	SECURE COMPUTING CORPORATION	 		 	HOWARD DELMAN
					
	By:	 	 /s/ TJ Steinkopf
	 		 	By:	 	 /s/ Howard Delman

					
	Name:	 	 TJ Steinkopf
	 		 	Date:	 	 10/20/05

					
	Title:	 	 SVP/CFO
	 		 		 	
					
	Date:	 	 10/20/05Exhibit 10.28

 Exhibit 10.28 

OEM LICENSE AGREEMENT 

This non-exclusive OEM LICENSE AGREEMENT (“Agreement”) is made and entered into as of the later of the two signature dates set
forth below (“Effective Date”), by and between NET REPORT S.A.S, a French corporation with its principle place of business located at 130 rue Baptistou, Z.A.E. Nord, 34980 Saint Gely du Fesc, France
(“Licensor”), and Aladdin Knowledge Systems Ltd., an Israeli corporation with its principle place of business at 35 Efal St., Kiryat Arye, PO Box 3968 Petach Tikvah, Israel 49511 (“Licensee”). 

WHEREAS, Licensor is the developer and owner of the Licensed Software (as such term is defined hereunder) which is designed to generate
statistical reports; and WHEREAS, Licensee has conceived, designed, and is the owner of the Licensee Software (as defined hereunder); and WHEREAS Licensor is willing to grant, and Licensee is willing to receive, a non-exclusive license
to replicate the Licensed Software and distribute the Licensed Software to Licensee’s Users in conjunction with the Licensee’s Software as an “add-on” component under Licensee’s brand name; NOW, THEREFORE, in
consideration of the foregoing, the parties hereby agree as follows: 
  

	1.	DEFINITIONS. For purposes of this Agreement (including any and all Schedules and amendments made to or incorporated herein now or in the future), the
following capitalized terms shall have the following meaning: 

 “Channel Partners” - means
any person or entity who shall act as Licensee’s agent (as a promoter, sale’s person, representative, dealer or otherwise) and who shall assist Licensee with the marketing and services relating to the Licensed Software. 

“Confidential Information” - means all non-public information, in any form whatsoever, oral or written, treated as
confidential that relates to either Party’s (or, if either Party is bound to protect the confidentiality of any other party’s information, such other party’s) past, present, or future research, development or business activities,
including any unannounced product(s) and service(s), and any information relating to services, developments, inventions, processes, plans, financial information, customer and supplier lists, forecasts, and projections. 

“Deliverables” - means the Licensed Software, the Activation Key, and all technical information and Documentation
relating to the Licensed Software detailed in Schedule 1.3 attached hereto. 

“Documentation”- means all the documentation that the Licensor has for their own standard products and the eSafe
Reporter Configurator Help file, or portions thereof, provided by Licensor in relation to the Licensed Software that Licensor will keep up to date. 

“Intellectual Property Rights” - means all intangible legal rights, titles and interests evidenced by or embodied
in or connected or related to the Licensed Programs, including without limitation: all inventions, patents, patent applications, trademarks, service marks, trade dress, logos, trade names, and corporate names, domain names, any work of authorship,
copyrights, trade secrets, Confidential Information, and all other proprietary rights in whatever form or medium, in each case on a worldwide basis; together with all revisions, extensions, reexaminations, translations, adaptations, derivations, and
combinations thereof and including all goodwill associated therewith. 
 “Activation Key” - A key which
shall be delivered by the Licensor in order to perpetually activate Licensor’s Software without any limitations. 

“Licensed Software” - means Licensor’s proprietary software program currently known as “Net Report Log
Analyser”, limited to supporting log files from Aladdin eSafe Version 5.2, this software program will be named for the Agreement as “eSafe Reporter”, including any derivative work and all new versions, updates, upgrades and/or
releases and all available Documentation, all as further detailed in Schedule 1.7 attached hereto. 
  

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 “Licensed Software Tool Kit” - means the Licensed Software component
known as “Net Report Tool Kit” as further detailed in Schedule 1.7. The Licensor will deliver the standard version of “Net Report Tool Kit”. 

“Licensee’s Software” - means Licensee’s proprietary family of software programs known as the
“eSafe” products. 
 “Maintenance Services” - means maintenance and support services with
respect to the Licensed Software offered by Licensee to its Users, which shall include First and Second Level Support services to be provided by Licensee and Third Level Support services to be provided by Licensor, all as set forth in section 4
hereunder. 
 “Sell”, “Sale” and “Sold” - means to license the Licensed Software to
Users and/or to sell Maintenance Services to Users, either directly or through the use of Channel Partners. For the purposes of payment and accounting to Licensor for fees due pursuant to this Agreement, a “Sale” or “lease” of
Licensed Software and/or Maintenance Services shall be deemed to have occurred, as of the date of receipt of payment by Licensee from the Users or Channel Partners for the Licensed Software licenses and/or Maintenance Services. 

“User” - means a Licensee customer using the Licensee Software who purchases a license to use the Licensed
Software in conjunction with the Licensee Software. 
  

	2.	LICENSE 

  

	2.1	Grant of License. Subject to the terms and conditions set forth in this Agreement, Licensor hereby grants Licensee and any of its subsidiaries, and
Licensee and any of its subsidiaries hereby accept, a non-exclusive worldwide license to replicate, reproduce, have made, use, distribute, either directly or via Licensee’s or any of its subsidiaries’ Channel Partners to Users and/or
otherwise exploit the Licensed Software and Documentation, in executable form, under brand names selected by Licensee and which brand names Licensee will communicate in writing and in electronic form to Licensor on the Effective Date of this
Agreement. 

  

	2.2	Evaluation Copies. Notwithstanding anything to the contrary, Licensee may produce and distribute demonstration copies of the Licensed Software, to
potential Users or evaluators, provided that, such copies are (i) limited in number; and (ii) limited for a period of time, which period shall be no longer than ninety (90) days; and (iii) clearly marked “For demonstration
only - Not for Resale” or similar language. Licensor agrees to waive License Fees (as defined in section 7 hereunder) due for such demonstration or evaluation copies, as long as they were made available to the potential User or evaluator at no
cost and for a limited period of time. 

  

	2.3	End User License Agreements. Licensee and its Channel Partners shall distribute the Licensed Software to Users only under the terms of, and shall ensure
that the Licensed Software, is subject to, end user license agreements which will protect Licensor’s Intellectual Property Rights. 

  

	2.4	Reserved Rights. All rights in and to the Licensed Software not specifically granted to Licensee in this Agreement are specifically reserved by Licensor.
Apart from the rights explicitly granted in this Agreement, Licensee shall have no other ownership or license rights, express or implied, in the Licensed Software. 

 

	2.5	Limitations of Use. Licensee agrees not to decompile, reverse engineer, disassemble, or otherwise attempt to determine the source code for the executable
code of the Licensed Software, and agrees not to permit or authorize anyone else to do so. 

  

	3.	DELIVERY, TRAINING, AND PROMOTIONAL MATERIALS 

  

	3.1	Delivery. Within 30 days from signing this agreement, Licensor shall deliver to Licensee the Deliverables in a form suitable for the purposes set forth in
this Agreement. 

  

	3.2	 Technical Training. Within 30 days of the Effective Date, Licensor shall send a qualified

  

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technician to Licensee’s premises (as designated above) for a four (4) days training session of Licensee’s personnel with respect to the Licensed Software and Licensed Software
Tool Kit. Licensee shall pay such Licensor’s technician’s reasonable travel and accommodation expenses in accordance with Licensee’s applicable policies. 

 

	3.3	Technical and Promotional Materials. Licensor shall furnish Licensee, at no expense to Licensee, with existing training and marketing literature, product
sheets, and any other material relating to the Licensed Software. Licensor shall provide Licensee with the Documentation in electronic form and Licensee reserves the right to reasonably modify the Documentation, in order to use the Documentation as
a part of Licensees’ user manuals and materials. Without derogating from the above, during the Term of this Agreement Licensor shall provide Licensee’s technical personnel, at no additional cost, with access to its knowledge base articles,
information on Licensed Software bugs, known limitations and any other known issues applicable to the Licensed Software. 

  

	3.4	Licensed Software Tool Kit. Upon execution of this Agreement, Licensor will provide Licensee, free of charge, with three (3) Licensed Software Tool
Kit licenses, for Licensors’ internal use. 

  

	3.5	Periodic Meetings. During the Term of this Agreement, Licensor and Licensee will hold bi-annual meetings in a mutually agreed place, in which Licensor
will disclose to Licensee future development plans, and the parties will discuss how such development plans may accommodate Licensee’s requests for Licensed Software enhancements. 

 

	4.	MAINTENANCE AND SUPPORT. Licensee will provide each User who purchases the Licensed Software with First and Second Level Support services, as further
detailed in the Maintenance and Support Agreement attached hereto as Schedule 4 (the “SLA”), and Licensor shall provide Third Level Support services to Licensee, all as further detailed in the SLA. As part of the Third
Level Support to be provided by Licensor to Licensee, Licensor shall promptly provide Licensee with any and all improvements, updates, upgrades, new versions, enhancements, and new releases of the Licensed Software free of charge, if and to the
extent such are developed by Licensor. 

  

	5.	QUARTERLY REPORTS. During the term of this Agreement, Licensee shall submit to Licensor by no later than sixty (60) days after the end of each
quarter, a written report detailing the number of Licensed Software and Maintenance Services Sold to Users in such preceding quarter (“Quarterly Reports”). 

 

	6.	REMUNERATION 

Prices. The User Licensed Software price list is attached hereto as Schedule 7.1. Licensee shall be entitled
to revise from time to time the price list (within reasonable limits) and provide discounts at amounts to be determined by Licensee, provided, however, that Licensee shall not offer discounts with respect to the Licensed Software which are higher
than the discounts it provides with respect to the Licensee’s Software within the same Sale to the same User/Channel Partner. 

License Fees. In consideration of the rights and license provided herein, Licensee shall pay Licensor, during the term of
this Agreement, a commission of twenty five percent (25%) of Licensee’s Net Revenues (defined hereunder) generated from any Sale of a Licensed Software license and Maintenance Services, to a User (“License Fees”). For
purposes of this Agreement, the term “Net Revenue” shall mean the net revenues invoiced during each quarter by Licensee pursuant to a Sale of the Licensed Software and/or Maintenance Services to a User during the period of the
Agreement. Net Sales shall exclude: (i) any export and import taxes, excise taxes, sales tax, and/or value-added tax as applicable; (ii) costs of insurance and transportation from the place of manufacture to the User’s place of use;
and (iii) credit for returns, allowances, discounts, or trades. 
 Payment. Upon receipt by Licensor of each
Quarterly Report, Licensor shall issue to Licensee an invoice for the applicable amount of License fees. Payments shall be made by Licensee upon receipt of invoice. 

 

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 Down Payment. Upon execution of this Agreement, Licensee will pay Licensor a
sum of thirty thousand (€30,000) Euros (“Down-Payment”). The Down-Payment will then be deducted from future payments due from Licensee to Licensor in accordance with section 7.2 above. 

Taxes. All payments to Licensor hereunder are inclusive of all taxes (except taxes based on Licensor’s income) however
designated and levied by any state, local or government agency. 
  

	7.	WARRANTIES AND DISCLAIMERS 

Licensor. Licensor warrants that: (i) it is authorized to enter into this Agreement, and that it is authorized to grant
the rights contemplated to be granted in this Agreement to Licensee; (ii) the Licensed Software does not infringe on any copyright, patent or other proprietary rights (including trade secrets) of any third party; and (iii) the Licensed
Software will be free from material errors and will operate substantially in accordance with the related Documentation. In the event that Licensor fails to correct such non-conformance of the Licensed Software or to replace the non-conforming
Licensed Software within a reasonable period of time that shall not exceed a period of sixty days (60), Licensee may elect, at its option, to terminate the Agreement. In such a case Licensor will refund to Licensee all fees previously paid to
Licensor by Licensee. 
 Disclaimer of Warranty. OTHER THAN THE WARRANTIES SET FORTH ABOVE LICENSOR DISCLAIMS ALL
OTHER WARRANTIES, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 
  

	8.	INDEMNIFICATION. Licensee shall indemnify, defend and hold harmless Licensor and each of its Affiliates, directors, officers, employees and agents, and
each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Licensor Indemnified Parties”), from and against any claim, action, suit or proceeding brought against Licensor by any third party and arising
from any Intellectual Property Rights infringement caused by Licensee’s misappropriation of the Licensor Software. Licensee agrees to indemnify Licensor against any reasonable court filing fees, court costs, arbitration fees or costs, witness
fees, and reasonable fees and disbursements of legal counsel, investigators, expert witnesses, consultants, accountants and other professionals (hereinafter, “Expenses”) and any and all losses, costs, liabilities, settlement payments,
awards, judgments, fines, penalties, damages, and fees which are finally settled into or finally awarded against Licensor and/or one or more of the Licensor Indemnified Parties, provided that, Licensor promptly notifies Licensee
in writing of the claim and Licensee has sole control of its defense and settlement; and receives reasonable assistance (at its account) from Licensor in its defense and settlement. 

Licensor agrees to defend, indemnify and hold Licensee harmless from and against any third party claims against Licensee for any loss,
damage, liability, or expense (including reasonable attorneys’ fees) sustained by it as a result of a claim or allegation that the use and/or distribution of the Licensed Software, as licensed in this Agreement, infringe any Intellectual
Property Rights of any third party, provided that, Licensee promptly notifies Licensor in writing of the claim and Licensor has sole control of its defense and settlement; and receives reasonable assistance (at its account) from
Licensee in its defense and settlement. Upon notice of an alleged infringement, or upon Licensor’s conclusion that such a claim is likely, Licensor shall have the right, at its option, to obtain the right for Licensee to continue to exercise
the rights granted under this Agreement, substitute other products with similar operating capabilities, or modify the Licensed Software (i.e., without adversely affecting the functionality), so that they are no longer infringing. If none of the
above options are reasonably available, Licensee may terminate this Agreement and Licensee shall receive reimbursement of all amounts paid to Licensor with respect thereto. 

 

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	9.	LIMITATION OF LIABILITY. IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY LOST PROFITS OR SAVINGS, LOST BUSINESS, LOSS OF DATA, OR
INCIDENTAL, SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES, WHETHER BASED ON BREACH OF CONTRACT TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY, OR OTHERWISE AND WHETHER OR NOT SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.

  

	10.	INTELLECTUAL PROPERTY RIGHTS. Licensor declares itself to be the sole owner by good and valuable title of all patents, trademarks, industrial drawings and
copyrights with respect to the Licensed Software, and that its rights are not disputed, in whole or in part, by any person or entity at the time of signing this Agreement. Each party declares that its execution of this Agreement does not, and the
performance of its obligations under this Agreement will not, violate any other agreement between it and any third party. The Parties acknowledge that all Intellectual Property Rights with respect to the Licensed Software are the exclusive property
of the Licensor and that all the Intellectual Property Rights with respect to the Licensee’s Software, and/or any part thereof are the exclusive property of Licensee. 

 

	11.	CONFIDENTIAL INFORMATION 

Confidential Information. During the Term of this Agreement, each party to this Agreement may disclose certain Confidential
Information to the other party. Each party shall refrain from using or exploiting any and all Confidential Information of the other party for any purposes or activities other man those specifically authorized in this Agreement. Except as otherwise
specifically permitted herein or pursuant to written permission of the party to this Agreement owning the Confidential Information: (i) each party represents and warrants that it will hold Confidential Information in confidence and protect the
Confidential Information to the same extent and by the same means it uses to protect the confidentiality of its own proprietary or confidential information that it does not wish to disclose; (ii) neither party shall disclose or facilitate
disclosure of Confidential Information of the other party to anyone except its employees whom are authorized according to this Agreement and who need to know such information for purposes set forth in this Agreement and will advise those of its
employees and consultants to whom the Confidential Information is disclosed of their obligations under this Agreement with respect to the Confidential Information; and (iii) all Confidential Information made available hereunder, including
copies thereof, shall be returned to the disclosing party or shall be certified as destroyed at the request of the disclosing party. 

Exclusion. The obligations of each party under this Agreement will not extend to any information that: (i) is known to
the other party on the date of disclosure and/or has independently and legally derived or developed by the receiving party at the time of disclosure; (ii) becomes publicly known by public use or by publication or otherwise ceases to be secret
or confidential through no fault of the other party; (iii) is acquired by either party from a third party which was not, to the recipient’s knowledge, under an obligation to the disclosing party not to disclose such information;
(iv) has been approved for release by written authorization of the disclosing party; or (vi) has been disclosed pursuant to a requirement of law, provided however, that in such an event, as soon as practical after receiving the
order or requirement of a court, administrative agency or other governmental body, the receiving party shall give the disclosing party a written notice of such order or requirement and in any event such notice shall be prior to disclosure of such
information. 
 Independent Development. The above notwithstanding, each party represents that it is aware of the
other party’s development capabilities and that the other party may independently develop competing software, products or systems, provided such development is not based upon the other party’s Confidential Information received under this
Agreement. 
  

	12.	TERM AND TERMINATION 

Term. The term of this Agreement shall commence at the Effective Date stated herein and shall continue for an initial period
of three (3) years (“Initial Term”). Following such Initial Term, this Agreement shall automatically renew for successive one-year renewal terms unless terminated pursuant to this Agreement. 

 

 Page 5 of 8 

 Termination. This Agreement may be terminated (i) by either party in the
event that the other party has committed a material breach of any of its obligations hereunder that has not been cured within 60 days after the breaching party has received a written notice thereof; (ii) by either party upon the end of the
Initial Term or any renewal term, provided that such party gives written notice at least ninety (90) days prior to the end of such term; or (iii) by mutual written agreement of the parties. 

Termination upon Bankruptcy. Effective immediately and without any requirement of notice, either party may, at its option,
terminate Agreement and/or suspend its performance in the event that (i) the other party files a petition in bankruptcy, files a petition seeking any reorganization, arrangement, composition, or similar relief under any law regarding insolvency
or relief for debtors, or makes an assignment for the benefit of creditors this; (ii) a receiver, trustee, or similar officer is appointed for the business or property of such party; (iii) any involuntary petition or proceeding under
bankruptcy or insolvency laws is instituted against such party and not stayed, enjoined, or discharged within 60 days; or (iv) the other party adopts a resolution for discontinuance of its business or for dissolution. 

Limitation on Liability. In the event of termination by either party in accordance with any of the provisions of this
Agreement, neither party shall be liable to the other, as a result of such termination, for compensation, reimbursement or damages on account of the loss of prospective profits or anticipated sales or on account of expenditures, inventory,
investments, leases or commitments in connection with the business or goodwill of either Party. 
 Consequences.
Upon termination of this Agreement, the license granted to Licensee in this Agreement shall terminate and Licensee shall immediately discontinue all further use of the Licensed Software promotion, marketing or sale, leasing, licensing or any other
distribution of the Licensed Software. Without limiting the generality of the foregoing, upon termination the parties shall (i) promptly return to the other party any tangible property representing disclosed Confidential Information divulged by
other party and all copies thereof; and (ii) erase/delete any such Confidential Information held by it in electronic form. Notwithstanding the aforementioned, Licensee and its Channel Partners may continue to provide maintenance and support
services to their existing Users. 
 Survival. Notwithstanding any termination, cancellation or expiration of this
Agreement, this section 13.6 and sections 2.4 (Reserved Rights), 2.5 (Limitation on Use), 5 (Escrow), 9 (Indemnification), 10 (Limitation of Liability), 11 (Intellectual Property Rights), 12 (Confidential Information), 13.5 (Consequences) and 14
(Miscellaneous) shall survive and continue to be in effect in accordance with their terms. 
  

	13.	MISCELLANEOUS 

No Conflict. Each party represents and warrants, on a present and ongoing basis, to the other party that its commitments and
the rights and privileges granted herein do not conflict with any other agreement or legal obligation. 

Schedules. All Schedules hereto are hereby incorporated by reference and made a part of this Agreement. 

Headings. The headings and sub-headings contained in this Agreement are for convenience and reference purposes only and
shall not affect in any way the meaning or interpretation of this Agreement. 
 Assignment. Other than as provided
in parts of this Agreement, the rights of either party under this Agreement are restricted solely to such party and shall not be assigned, transferred, subleased, sublicensed, encumbered, or subject to any security interest without the prior written
consent of the other party, which will not be unreasonably withheld. Any attempted assignment, without the prior written consent of the non-assigning party will be void and of no effect. 

 

 Page 6 of 8 

 Remedies Cumulative. All rights and remedies existing under this Agreement are
cumulative to, and not exclusive of, any rights or remedies otherwise available. 
 Relationship of the Parties.
The relationship of the parties established by this Agreement is of licensor and licensee or independent contractors, and nothing in this Agreement shall be construed to give either party the power to direct or control the daily activities of the
other party; or constitute the parties as principal and agent, employer and employee, partners, participants in a joint venture, co-owners or otherwise as participants in a joint undertaking. The parties understand that, except as specifically
provided for in this Agreement, neither party grants the other party the power or authority to make or give any agreement, statement, representation, warranty, or other commitment on its behalf, or to enter into any contract or otherwise incur any
liability or obligation, express or implied, on its behalf, or to transfer, release, or waive any of its rights, title or interests. 

Notices. Any notice to be given hereunder shall be in writing and shall be effective when received. Such notice shall be
sent by first class mail, postage prepaid and marked for delivery by Certified or Registered mail, return receipt requested, or other form of receipted delivery, addressed to the party as follows: 

To Licensor: 

NET REPORT S.A.S 

C/O Pierre Bernot 

130 rue Baptistou 

ZAE Nord 

34980 Saint Gely du Fesc 

France 

Fax: +33 (0)4678 44811 

With a Copy to: 

To Licensee: 

Aladdin Knowledge Systems, Ltd. 

C/O: Shimon Gruper 

35 Efal St. 

Kiryat Arye 

ISRAEL 

Fax: +972 3-978-1010 

Any changes for such notices may be specified by written notification to the other party made following the requirements in this section.

 Applicable Law/Attorneys Fees/Expenses. This Agreement shall be governed by and enforced in accordance with the
Laws of England and the Licensor and the Licensee submit to the exclusive Jurisdiction and Procedures of the competent courts of London, England All parties to this Agreement shall separately bear all expenses incurred by them in connection with
this Agreement. 
 Severability. Any clause, provision, or portion of this Agreement which is held to be invalid,
void, illegal or otherwise unenforceable under any law or by any court, arbitrator, or other proceeding, shall be amended to the extent required to render it valid, legal and enforceable, or deleted if no such amendment is feasible; and such
amendment or deletion shall not effect the enforceability of the remaining provisions hereof. 
  

 Page 7 of 8 

 Waiver. The failure, refusal or neglect by any party to exercise any right,
power or option provided for herein shall not be deemed a waiver of any right, power or option hereunder. Any waiver of any right or default hereunder shall be effective only if made in writing and in the instance given and shall not operate as or
imply a waiver of any similar right or default on any subsequent occasion. 
 Complete Agreement. This Agreement
contains the entire understanding of the parties as to its subject matter and may not be modified except in writing executed by both parties. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their respective authorized representatives. 

 

									
	 /s/ Tsion Gonen
	 		 	 /s/ Pierre Bernot

	Aladdin Knowledge Systems Ltd.	 		 	NETREPORT S.A.S
					
	By:	 	 Tsion Gonen
	 		 	By:	 	 Pierre Bernot

	Tsion Gonen, VP, eSafe BU Manager	 		 	(Name and Title)
		 		 		 	NETREPORT CEO

  

 Page 8 of 8 

 Schedule 7.1 Pricing 

Aladdin Suggested End-user Price List for Reporting Module 

 

			
	 Number of users
	  	 Public price (USD or Euros)

	 1-250
	  	2000
	 251-500
	  	3,000
	 501-1000
	  	4,000
	 1001-5000
	  	6,000
	 5001-10000
	  	10,000

 The prices are in Euros for
Western Europe region and US$ for the rest of the world. 
  

 Page 1 of 1 

			
	

	  	Schedule 1.3. “Licensor’s Deliverables”

Thirty (30) days after the Effective Date, Licensor shall deliver to Licensee the following Deliverables. These Deliverables shall
be governed by the terms that apply to Licensed Materials under the Agreement. The Deliverables will be delivered via two executable (*.exe) files which Licensee will be able to download from Licensor’s web site (one executable file for the
setup and installation of eSafe Reporter and another executable file for the setup and installation of the standard version of Net Report Tool Kit). 

eSafe Reporter Deliverables 
  

	 	1.	All the executable files for the setup and installation of eSafe Reporter. 

 

	 	2.	Five eSafe Reporter Report Books as defined in the document “MRD - eSafe Reports Requirements and Definitions” Version 3.1 (currently awaiting validation from
Azri Smolarchik from Aladdin Knowledge Systems Ltd.). 

  

	 	3.	An eSafe Reporter Configurator which is limited to Aladdin eSafe Version 5.2, as defined in the document “eSafe Reporter Configurator” Version 1.0.

  

	 	4.	A contextual eSafe Reporter Configurator Help *.chm file which is specific to the eSafe Reporter Configurator. 

 

	 	5.	A License Certificate *.cert file for eSafe Reporter with an unlimited license. 

 

	 	6.	A document concerning the structure of the data tables for eSafe Reporter. 

 

	 	7.	A document concerning the formula used in the Five eSafe Reporter Report Books. 

Net Report Tool Kit Deliverables 
  

	 	1.	All the executable files for the setup and installation of the standard version of Net Report Tool Kit. 

 

	 	2.	A License Certificate *.cert file for Net Report Tool Kit for thirty (30) days. 

 

 1 

 Schedule 1.7. “Licensed Software: the software’s purpose and what it does”

 The Licensor’s proprietary software program is currently known as “Net Report Log Analyser” limited to log files from
“Aladdin eSafe Version 5.2”, this software program will be named for the Agreement as “eSafe Reporter”. The “Licensed Software Tool Kit” - means the Licensed Software component known as “Net Report Tool Kit”
as further detailed hereunder. Note that Licensor will deliver the standard version of “Net Report Tool Kit” to Licensee. 
 eSafe
Reporter 
 Overview 
 eSafe
Reporter’s purpose is to be a precision dashboard reporting solution. eSafe Reporter collects “Aladdin eSafe Version 5.2” log files to one central server to deliver eSafe Reporter Reports and cubes. eSafe Reporter provides the
following: 
  

	 	•	 	 eSafe Reporter reports as defined in the document “MRD - eSafe Reports Requirements and Definitions” Version 3. 

 

	 	•	 	 Automated reporting. 

  

	 	•	 	 Collection and centralization of “Aladdin eSafe Version 5.2” log files. 

 

	 	•	 	 Powerful data visualization. 

Key Features 
  

	 	•	 	 Easy set-up via the “eSafe Reporter Configurator”. 

 

	 	•	 	 Full analysis of “Aladdin eSafe Version 5.2” log files. 

 

	 	•	 	 Automated database management: aggregation and purge of “Aladdin eSafe Version 5.2” log files. 

 

	 	•	 	 Intuitive web interface with web menu linking to eSafe Reporter reports. 

 

	 	•	 	 eSafe Reporter reports in PDF format. 

  

	 	•	 	 Five Report Books supplied by default, as defined in the document “MRD—eSafe Reports Requirements and Definitions” Version 3.1.

  

	 	•	 	 Scheduled tasks for the creation of eSafe Reporter reports, their posting on the eSafe Reporter Web Portal and dispatch via e-mail.

  

	 	•	 	 Cube generation. 

 Cubes

  

	 	•	 	 Net Report generates real-time cubes - multi-dimensional data views which enable the user to interactively examine results in various dimensions of
data. 

  

	 	•	 	 Cubes can be easily accessed from the eSafe Reporter Web Portal. 

 

	 	•	 	 To view Cubes via the Web Portal, the user must use Internet Explorer with Microsoft Office 2003 Web Components (free of charge), the user can easily
install this WebVisionCube option via the eSafe Reporter Web Portal. 

 Supported Devices 

 

	 	•	 	 Aladdin eSafe Version 5.2 

Net Report Tool Kit 
 Overview 

 Licensor will deliver the standard version of the Net Report Tool Kit. 

Net Report Tool Kit enables users to create new reports, modify existing reports and create cross-device correlation and customize reports for a
company’s look and feel. Net Report Tool Kit enables users to extract, analyze and edit reports from “Aladdin eSafe Version 5.2” log files data tables. Users can publish and share their analysis by exporting to several types of files
(Excel, PDF, HTML). Net Report Tool Kit enables users to create reports containing any number of objects: cross tables, lists, and charts as well as images, dynamic HTML items and logos that can all be linked with one another to provide greater
context 
 Data Export 

Queries, reports and cross-tables can be exported in the following formats: Excel, Cube, HTML and in PDF (Net Report Tool Kit integrates a PDF Distiller).

  

 1 

 Schedule 4. “Licensor Support Level Agreement” 

Licensor provides the following support services to Licensee certified partners: 

 

	 	•	 	 Online technical documents accessible via web site 24/7h 

 

	 	•	 	 Single e-mail address: support@netreport.fr linked to ticketing system 

 

	 	•	 	 Product Enhancement Request form submittal. 

Licensor definition of support levels. Note: Licensor only delivers Third Level Support to Licensee. 

First Level Support: 
  

	 	•	 	 Provided by Licensee’s Resellers to the End User. 

 

	 	•	 	 Goal: solve 50 percent of End User issues at this level. 

 

	 	•	 	 Configuration Assistance and Troubleshooting. 

  

	 	•	 	 Collect Information (traces and dumps). 

  

	 	•	 	 Perform first diagnosis of problem. 

  

	 	•	 	 Deliver known solutions. 

  

	 	•	 	 Answer General Product and Technical Questions. 

Second Level Support: 
  

	 	•	 	 Provided by the Licensee to Licensee’s Resellers. 

 

	 	•	 	 Goal: solve 95 percent of Reseller issues at this level. 

 

	 	•	 	 In-depth Problem Analysis. 

  

	 	•	 	 Problem duplication capabilities. 

  

	 	•	 	 Answer high-level Product and Technical Questions. 

  

	 	•	 	 Provide Troubleshooting Guidance to first-level support. 

Third Level Support: 
  

	 	•	 	 Provided by Licensor’s Technical Support Engineering to Licensee. 

 

	 	•	 	 Less than 5 percent of issues should be escalated to third-level. 

 

	 	•	 	 Diagnose and report bugs. 

  

	 	•	 	 Correlate problems with source code. 

  

	 	•	 	 Work with development engineering to fix bugs. 

  

	 	•	 	 Response to support calls within one business day 

 

 1 

 Report Generator 

Inserts sub-reports, graphics and cross-tables and additional calculation formulas. Graphics are fed by a query or by a cross-table. Reports can be
grouped in a folder for batch printing or batch PDF generation. 
 Automation 

It is possible to create any type of application in Visual Basic Script or in Visual Basic Application via the integration of the OLE Automation protocol.

  

 2

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