Document:

Technology License Agreement, dated March 3, 1999

 Exhibit 10.1 
 TECHNOLOGY LICENSE AGREEMENT 
 This TECHNOLOGY LICENSE AGREEMENT (the “Agreement”),
dated as of March 3, 1999 (the “Effective Date”), is made by and between Analog Devices, Inc., a Massachusetts corporation having a business address at One Technology Way, Norwood, Massachusetts 02062 (“Analog”), and MEMSIC,
Inc., a Delaware corporation having a business address at 21 Osborn Street, Cambridge, Massachusetts 02139 (“Licensee”). 
 WHEREAS, Analog and Licensee have entered into that certain Series A Convertible Preferred Stock and Warrant Purchase Agreement dated as of the date hereof (the “Purchase Agreement”); 
 WHEREAS, pursuant to the Purchase Agreement, Licensee has agreed to issue to Analog (i) 1,000 shares of its Series A Convertible Preferred Stock and (ii)
a warrant to purchase up to 3,571 shares of Series A Convertible Preferred Stock (collectively, the “Securities”); and 
 WHEREAS,
in partial consideration of Licensee’s issuance of the Securities to Analog, Analog desires to grant to Licensee certain rights with respect to certain technology related to the design and manufacture of low-cost thermal accelerometers, and
Licensee desires to acquire from Analog such rights; 
 NOW, THEREFORE, in consideration of the mutual promises and understandings set forth
in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: 
  

	1.	DEFINITIONS. 

 As used in this Agreement, the
following terms shall have the following meanings: 
 1.1 “Honda Agreement” means any agreement entered into by Analog with
Honda Motor Co., Ltd. (or any of its affiliates) after the date of this Agreement, pursuant to which Analog is granted rights to any patent or technology useful to Licensee in the Licensed Field. 
 1.2 “Licensed Field” means the manufacture, sale or use of Thermal Accelerometer Products. 
 1.3 “SFU Agreement” means any agreement entered into by Analog with Simon Fraser University before or within six (6) months after the
date of this Agreement pursuant to which Analog is granted rights to any patent or technology useful to Licensee in the Licensed Field. 

 pursuant to which Analog is granted rights to any patent or technology useful to Licensee in the Licensed Field.

 1.4 “Technology Rights” means the Thermal Accelerometer Technology Rights, the Testing Technology Rights, the Upside-Down
Wafer Sawing Technology Rights and the Wafer Level Capping Technology Rights, in each case as they relate to the Licensed Field. 
 1.5
“Testing Technology Rights” means all trade secrets, know-how, technical information, methods, processes, procedures and inventions, whether patentable or otherwise, and all intellectual property rights embodied therein or based
thereon, that are owned and possessed by Analog as of the date of this Agreement which relate to the testing of accelerometer products. Testing Technology Rights include, without limitation, rights to use computer software programs and computer
hardware systems dedicated to the testing of accelerometer products. 
 1.6 “Thermal Accelerometer Product” means any
micromachined product having a heater and at least one sensor in a closed fluid-filled cavity, and in which acceleration of the product causes heated fluid in the cavity to flow, which in turn causes changes in sensed thermally-dependent
characteristics of the sensor(s). 
 1.7 “Thermal Accelerometer Technology Rights” means all trade secrets, know-how,
technical information, methods, processes, procedures and inventions, whether patentable or otherwise, and all intellectual property rights embodied therein or based thereon, that are owned and possessed by Analog as of the date of this Agreement or
are developed or created by Analog during the Transitional Period, which relate to the thermal accelerometer technology described on Exhibit A attached hereto. 
 1.8 “Transitional Period” means the period beginning on the date hereof and ending on the earlier of: (i) the date on which an individual other than Yang Zhao commences employment with Licensee; (ii)
the date on which Licensee obtains financing from one or more venture capital investors; and (iii) September 30, 1999. 
 1.9
“Upside-Down Wafer Sawing Technology Rights” means all trade secrets, know-how, technical information, methods, processes, procedures and inventions, whether patentable or otherwise, and all intellectual property rights embodied
therein or based thereon, that are owned and possessed by Analog as of the date of this Agreement (expressly including U.S. Patent No, 5,362,681) which relate to the upside-down wafer sawing technology described on Exhibit B attached hereto.

 1.10 “Wafer Level Capping Technology Rights” means all trade secrets, know-how, technical information, methods,
processes, procedures and inventions, whether patentable or otherwise, and all intellectual property rights embodied therein or based thereon, that are owned and possessed by Analog as of the date of this Agreement or developed or created by Analog
within two years after the Effective Date which relate to the wafer level capping and chip-level packaging technology described on Exhibit C attached hereto. 
  

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	2.	GRANT OF RIGHTS. 

 2.1 Assignment of SFU
Agreement. Analog hereby assigns and agrees to assign to Licensee the SFU Agreement. Licensee hereby accepts and agrees to accept such assignment and undertakes to fulfill all obligations, duties and covenants imposed on Analog by the SFU
Agreement (including, without limitation, any obligations to pay royalties and to pay or reimburse patent expenses). 
 2.2 Exclusive
Sublicense. Analog hereby agrees to offer to grant to Licensee an exclusive sublicense to all rights granted to Analog under the Honda Agreement which relate to the Licensed Field solely to use, make, have made, import, offer to sell, sell,
develop, modify, reproduce and distribute Thermal Accelerometer Products. If Licensee elects to accept such sublicense, then Licensee shall fulfill all obligations, duties and covenants imposed on Analog by the Honda Agreement (including, without
limitation, any obligations to pay royalties and to pay or reimburse patent expenses) to the extent related to the Licensed Field. 
 2.3
Exclusive License. Analog hereby grants to Licensee an exclusive, perpetual (except as provided in Section 2.6), worldwide, fully paid license, with the right to sublicense, to the Thermal Accelerometer Technology Rights, solely to use, make,
have made, import, offer to sell, sell, develop, modify, reproduce and distribute Thermal Accelerometer Products. Analog agrees not to use the Thermal Accelerometer Technology Rights to make or sell Thermal Accelerometer Products. 
 2.4. Non-Exclusive License. Analog hereby grants to Licensee a non-exclusive, non-transferable, non-sublicensable, perpetual (except as provided
in Section 2.6), worldwide, fully paid license to the Testing Technology Rights, Upside-Down Wafer Sawing Technology Rights, and Wafer Level Capping Technology Rights solely to use, make, have made, import, offer to sell, sell, develop, modify,
reproduce and distribute Thermal Accelerometer Products. 
 2.5 Transfer of Information. Analog shall promptly transfer to Licensee
information and documentation in Analog’s possession related to the Technology Rights that is necessary for Licensee to exploit the licenses granted to it under this Section 2. Analog shall make appropriate members of its personnel reasonably
available to consult with Licensee’s personnel regarding related design review, assembly and test manufacturing processes, provided, however, that in no event shall Analog personnel be required to devote more than one hundred (100) man hours to
such consultation. 
  

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 2.6 Termination of Licenses. The Licenses granted under Sections 2.2, 2.3 and 2.4 above shall
immediately and automatically terminate in the event that (i) Licensee is dissolved, liquidated, or wound up other than in connection with or as a result of any merger, acquisition or sale of assets, or (ii) Licensee breaches a material provision of
this Agreement and falls to cure such breach within thirty (30) days of receiving written notice from Analog of such breach. 
 2.7 No
Rights By Implication. No rights or licenses with respect to the Technology Rights, or with respect to any other Analog patent, copyright, trademark, service mark, trade name, mask work right, trade secret, know how, technical information or
other intellectual property, are granted or deemed granted hereunder or in connection herewith, other than those rights and licenses expressly granted in this Agreement. Analog shall maintain ownership of all right, title and interest in the
Technology Rights. Nothing in this Agreement shall limit or affect Analog’s rights to disclose, license or use in any way whatsoever any of the Technology Rights outside the Licensed Field. Analog shall have the exclusive right at its expense
(i) to file, prosecute, and maintain any patent applications and patents in the Technology Rights, and (ii) to enforce claims of infringement of the Technology Rights or misappropriation or unauthorized use of the Technology Rights. Notwithstanding
the foregoing, Licensee shall, with respect to the Technology Rights as they relate solely to the Licensed Field, have the right at Licensee’s expense to (i) file, prosecute, and maintain in the name of Analog, any patent applications and
patents, and (ii) enforce claims of infringement of the Technology Rights or misappropriation or unauthorized use of the Technology Rights; provided that Licensee shall have the obligation to pay all costs, expenses and fees incurred or to be
incurred by Analog in connection therewith (in the event that Licensee fulfills such obligation, any and all sums collected or recovered in any such enforcement suit or claim shall belong exclusively to Licensee). 
  

	3.	REPRESENTATIONS. 

 Analog represents and warrants to
Licensee as follows: 
 3.1 Right to Assign and Grant Licenses. Analog has the full right, power and authority to (i) assign and agree
to assign the SFU Agreement to Licensee, and (ii) grant and agree to grant to Licensee the licenses granted under Sections 2.2, 2.3 and 2.4 above. 
 3.2 Non-Infringement. Analog has not received notice of any claim that products covered by any portion of the Technology Rights infringe the intellectual property rights of any third party (no inference shall be drawn from the
preceding statement as to whether products covered by any portion of the Technology Rights might infringe one or more patents). 
  

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	4.	CONFIDENTIALITY. 

 4.1 Confidential
Information. Analog and Licensee agree and acknowledge that in order to further the performance of this Agreement, each party may be required to disclose to the other party confidential or proprietary information (“Confidential
Information”). Subject to Section 4.3 below, all information and documentation relating to the Technology Rights disclosed by Analog shall be deemed to be Confidential Information under this Agreement. 
 4.2 Protection of Confidential Information. The receiving party agrees to protect the confidentiality of the disclosing party’s Confidential
Information with at least the same degree of care that it utilizes with respect to its own similar proprietary information, including without limitation agreeing: 
 i. Not to disclose or otherwise permit any other person or entity access to, in any manner, the Confidential Information, or any part thereof in any form whatsoever, except that such disclosure or access shall be
permitted to an employee, consultant or subcontractor of the receiving party requiring access to the Confidential Information in connection with this Agreement and who has signed an agreement undertaking to maintain the confidentiality of the
confidential information of third parties in the receiving party’s possession; 
 ii. To notify the disclosing party promptly and in
writing of the circumstances surrounding any suspected possession, use or knowledge of the Confidential Information or any part thereof at any location or by any person or entity other than those authorized by this Agreement; 
 iii. Not to use the Confidential Information for any purpose other than as explicitly set forth herein. 
 4.3 Exceptions. Nothing in this Section 4 shall restrict the receiving party with respect to information or data; whether or not identical or
similar to that contained in the Confidential Information, if such information or data: (i) was rightfully possessed by the receiving party before it was received from the disclosing party; (ii) is independently developed by the receiving party
without reference to the disclosing party’s information or data; (iii) is subsequently furnished to the receiving party by a third party not under any obligation of confidentiality with respect to such information or data, and without
restrictions on use or disclosure; (iv) is or becomes public or available to the general public otherwise than through any act or default of the receiving party or (v) must be disclosed pursuant to law, governmental rule or regulation, or court
order (but only to the extent of such required disclosure). 
  

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 4.4 Injunctive Relief. Because the unauthorized use, transfer or dissemination of any Confidential
Information may substantially diminish the value of such materials and may irreparably harm the disclosing party, if one party breaches the provisions of this Section 4, the other party shall, without limiting its other rights or remedies, be
entitled to equitable relief, including but not limited to injunctive relief. 
  

	5.	INDEMNIFICATION. 

 5.1 By Analog. Analog
shall indemnify Licensee and its officers and directors against, and hold them harmless from, any damages, settlements, costs and expenses (including reasonable attorneys’ fees) arising from any material breach of the representations and
warranties set forth in Section 3 above, provided that Licensee shall give prompt written notice, and reasonable cooperation and assistance, to Analog relative to any such matter. No settlement of any claim relating to any such matter shall be made
by Licensee without Analog’s prior written consent. 
 5.2 By Licensee. Licensee shall indemnify Analog and its officers and
directors against, and hold them harmless from, any damages, settlements, costs and expenses (including reasonable attorneys’ fees) arising from any third party claim or suit arising from Licensee’s exercise of the rights granted pursuant
to this Agreement or the SFU Agreement, provided that Analog shall give prompt written notice, and reasonable cooperation and assistance, to Licensee relative to any such claim. Licensee shall have the right to defend against and settle any claims
which relate solely to the use of the Technology Rights in the Licensed Field and which Licensee acknowledges are covered by its indemnification, provided Licensee shall not settle any such claim without Analog’s prior written consent unless
such settlement involves only the payment of money. Notwithstanding the foregoing, Licensee shall have no obligation to indemnify Analog with respect to any claims which arise from any breach of Analog’s representations and warranties set forth
in Section 3 above. 
  

	6.	ACKNOWLEDGMENT AND DISCLAIMER OF WARRANTY. 

 LICENSEE ACKNOWLEDGES THAT DR. YANG ZHAO WHILE EMPLOYED BY ANALOG, ACTIVELY DIRECTED AND PARTICIPATED IN THE CREATION, DEVELOPMENT AND ACQUISITION OF THE TECHNOLOGY RIGHTS, AND LICENSEE THEREFORE EXPRESSLY AGREES THAT THE TECHNOLOGY RIGHTS
ARE BEING PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND EXCEPT AS SET FORTH IN SECTION 3 ABOVE, AND ANALOG HEREBY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, WITH RESPECT TO THE TECHNOLOGY RIGHTS INCLUDING,
WITHOUT LIMITATION, ALL IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, EXCEPT AS SET FORTH IN SECTION 3 ABOVE. 
  

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	7.	LIMITATIONS ON LIABILITY. 

 7.1 With respect to
Analog. ANALOG’S LIABILITY TO LICENSEE FOR ANY CAUSE WHATSOEVER ARISING FROM OR RELATING TO THIS AGREEMENT, REGARDLESS OF THE FORM OF ANY CLAIM OR ACTION, SHALL NOT EXCEED THE VALUE OF THE SECURITIES AS OF THE DATE HEREOF. IN NO EVENT SHALL
ANALOG BE LIABLE FOR ANY LOSS OF PROFITS, OR FOR ANY SPECIAL, INCIDENTAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF OR IN CONNECTION WITH LICENSEE’S USE OR PERFORMANCE OF THE RIGHTS GRANTED TO LICENSEE HEREUNDER. 
 7.2 With respect to Licensee. IN NO EVENT SHALL LICENSEE BE LIABLE FOR ANY LOSS OF PROFITS, OR FOR ANY SPECIAL, INCIDENTAL, INDIRECT,
CONSEQUENTIAL OR PUNITIVE DAMAGES ARISING OUT OF OR IN CONNECTION WITH ITS ACTIVITIES UNDER THIS AGREEMENT. 
  

	8.	MISCELLANEOUS. 

 8.1 Governing Law;
Arbitration. This Agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts, without reference to its conflict of laws principles. Any dispute, controversy or claim arising out of or relating
to this Agreement or to a breach thereof, including its interpretation or performance, shall be finally resolved by arbitration. The arbitration shall be conducted in accordance with the rules of the American Arbitration Association, which shall
administer the arbitration and act as appointing authority. The arbitration, including the rendering of the award, shall take place in Boston, Massachusetts, U.S.A. and shall be the exclusive forum for resolving such dispute, controversy or claim.
However, each party shall be free to institute judicial proceedings to enforce the instituting party’s rights against the other party through specific performance, injunction or similar equitable relief. The decision of the arbitrators shall be
final and binding upon the parties hereto, and the expense of the arbitration shall be divided equally between the parties. Each party shall be responsible for its own attorneys’ fees. The decision of the arbitrators shall be executory, and
judgment thereon may be entered by any court of competent jurisdiction. 
 8.2 Notices. Any notice or communication required or
permitted under this Agreement shall be in writing and shall be deemed given: (i) upon actual receipt if personally delivered; (ii) one business day after being sent via facsimile or reputable overnight courier service; or (iii) five business days
after being sent via certified or registered first-class mail, postage prepaid, in all cases to a party at the applicable address specified below: 
  

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	If to Analog:	  	Analog Devices, Inc.
		  	One Technology Way
		  	Norwood, MA 02062-9106
		  	Attention: Corporate Counsel
		  	Fax No: (781) 461-3491
		  	
	With a copy to:	  	
		
		  	Hale and Dorr LLP
		  	60 State Street
		  	Boston, MA 02109
		  	Attention: William C. Benjamin, Esq.
		  	Fax No: (617) 526-5000
		  	
	If to Licensee:	  	MEMSIC, Inc.
		  	21 Osborn Street
		  	Cambridge, MA 02139
		  	Attention: President
		  	Fax No: (617) 761-7607
		  	
	With a copy to:	  	
		
		  	Choate, Hall & Stewart
		  	Exchange Place
		  	Boston, MA 02109
		  	Attention: Cameron Read, Esq.
		  	Fax No: (617) 248-4000

 8.3 Entire Agreement. This Agreement contains the full understanding of the parties with
respect to the subject matter hereof and supersedes all prior understandings and writings relating thereto. No waiver, alteration or modification of any of the provisions hereof shall be binding unless made in writing and signed by authorized
representatives of both parties. 
 8.4 Severability. In the event that any provision of this Agreement is held by a court of
competent jurisdiction to be unenforceable because it is invalid or in conflict with any law of any relevant jurisdiction, the validity of the remaining provisions shall not be affected. 
 8.5 No Waiver. No delay or omission on the part of either party to this Agreement in requiring performance by the other party or in exercising any
right hereunder shall operate as a waiver of any provision hereof or of any right or rights hereunder; and the waiver, omission or delay in requiring performance or exercising any right hereunder on any one occasion shall not be construed as a bar
to or waiver of such performance or right, or of any right or remedy under this Agreement, on any future occasion. 
  

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 8.6 Assignment. Licensee may not assign its rights or obligations hereunder without the prior
written consent of Analog; provided, however, that notwithstanding the foregoing to the contrary, Licensee may assign its rights and obligations hereunder without the prior written consent of Analog in connection with the sale of all or
substantially all of the business or assets of Licensee. 
 8.7 Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their successors and permitted assigns. 
 8.8 Relationship of Parties. The parties are
acting hereunder as independent contractors. Nothing contained herein shall be deemed or construed to constitute either party as an employee, agent, partner or joint venturer of the other. Neither party shall have the authority to act on behalf of
the other party, or to commit the other party in any manner or cause whatsoever or to use the other party’s name in any way not specifically authorized by this Agreement. 
 7.9 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together
shall constitute one and the same instrument. 
 [Remainder of page intentionally blank] 
  

 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed in their names by their
properly and duly authorized officers or representatives as of the Effective Date. 
  

			
	ANALOG DEVICES, INC.
		
	By:	 	 /s/ Ray Stata

		 	Ray Stata
		 	Chairman
	
	MEMSIC, INC.
		
	By:	 	 /s/ Yang Zhao

		 	Yang Zhao
		 	President

 [Signature page to Technology License Agreement] 
  

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 EXHIBIT A 
 Thermal Accelerometer Technology 
 Thermal accelerometer technology relates to the design and manufacture of
micromachined products which have a heater and at least one sensor in a closed fluid-filled cavity, and in which acceleration of the product causes heated fluid to flow in the cavity, which in turn causes changes to sensed thermally-dependent
characteristics of the sensors. A detailed description of the concept can be found in the US patent applications filed by Simon Fraser University of Canada, such as the US CIP Patent Application, Serial No. 08/800, 588. 
 Thermal accelerometer technology includes: 
  

	•	 	 device concept; 

  

	•	 	 device fabrication process; 

  

	•	 	 sensor design; 

  

	•	 	 integrated circuit design; and 

  

	•	 	 sensor and circuit integration techniques 

  

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 EXHIBIT B 
 Upside-Down Wafer Sawing Technology 
 Upside-Down Wafer Sawing Technology relates to the method for separating
individual integrated circuit dies from a silicon wafer in which the wafer is adhered to a plastic film on a film carrier with the circuit side of the wafer facing the film and with circuit components exposed through a hole in the film, and any
special equipment related to manufacturing processes using such method. 
  

 12 

 EXHIBIT C 
 Wafer Level Capping and Chip-Level Packaging Technology 
 Wafer level capping and chip-level packaging technology
relates to a concept of encapsulating and packaging IC devices at wafer or chip level. The technology involves the following know-how: 
  

	•	 	 aligning and bonding of a cap wafer (Si or non-Si substrate) with the IC product wafer; 

  

	•	 	 aligning and bonding of a common packaging material (Si or non-Si) with the IC product die or wafer to finish the IC packaging process;

  

	•	 	 manufacturing know-how related to the capping and the packaging process; and 

  

	•	 	 design know-how related to the capping and the packaging process 

  

 13License Agreement, dated December 1, 1998

 Exhibit 10.2 
 

 
 10/18/99 
 Ms. Daphne Gelbart 
 University/Industry Liaison Office 
 Simon Fraser University 
 Burnaby, British Columbia 
 Canada V5A 1S6 
 Dear Daphne: 
 This letter notifies you that the license agreement between Simon Fraser University and Analog Devices, Inc. (ADI) on the thermal accelerometer technology has been assigned to MEMSIC, Inc. according to the Technology License Agreement
between Analog Devices, Inc. and MEMSIC, Inc. A copy of MEMSIC/ADI Technology License Agreement is enclosed for your information. 
  

	
	Sincerely,
	
	 /s/ Yang Zhao

	Yang Zhao

  

	CC:	Tom Tuytschaevers 

 YANG ZHAO • MEMSIC, INC.
• 8 EVERGREEN DRIVE • NORTH ANDOVER • MA 01845 
 Fax:(978)258-0688 • Tel: (978)258-0688 • Mobile: (781)888-8688
• e-mail: yangzhao@memsic.com 

 developed or created by Analog within two years after the Effective Date which relate to the wafer level capping and
chip-level packaging technology described on Exhibit C attached hereto. 
  

	2.	GRANT OF RIGHTS. 

 2.1 Assignment of SFU
Agreement. Analog hereby assigns and agrees to assign to Licensee the SFU Agreement. Licensee hereby accepts and agrees to accept such assignment and undertakes to fulfill all obligations, duties and covenants imposed on Analog by the SFU
Agreement (including, without limitation, any obligations to pay royalties and to pay or reimburse patent expenses). 

 LICENSE AGREEMENT 
 THIS LICENSE AGREEMENT dated for reference December 1, 1998, is made 
 BETWEEN 
 SIMON FRASER UNIVERSITY, a university duly continued under the University Act of British Columbia with its principal offices at 8888 University
Drive, Burnaby, British Columbia, Canada, V5A 1S6 
 (the “Licensor”); 
 AND 
 ANALOG DEVICES, INC., a company incorporated
under the laws of the Commonwealth of Massachusetts with principal offices at Three Technology Way, Norwood, Massachusetts 02062, USA 
 (the
“Licensee”). 
 WHEREAS: 
 A. The
Licensor is the legal owner of intellectual property rights in certain Technology; 
 B. The Licensee desires to acquire an exclusive,
world-wide license, in the Field of Use, of the Licensor’s interest in and to the Technology, but Licensee also has concerns regarding the patentability of the inventions and desires to have such concerns finally resolved; and 
 C. Licensor wishes to grant such a license on the terms and conditions set forth in this Agreement, and is willing to undertake resolution of
Licensee’s concerns. 
 THIS AGREEMENT WITNESSES that in consideration of the premises and of the mutual agreements and covenants set out in this
Agreement, the Parties agree as follows: 
  

	1.	DEFINITIONS 

 In this Agreement, except as context requires
otherwise, the following terms will have the meanings indicated below: 
  

	 	(a)	“Agreement” means this exclusive license agreement and the attached schedules, as from time to time may be supplemented or amended by one or more agreements;

  

	 	(b)	“Audit” means an audit conducted pursuant to Part 7; 

  

 SFU/ADI License – Page 1 of 21 

	 	(c)	“Auditor” means an firm of chartered accountants appointed pursuant to Part 7 to conduct an Audit; 

  

	 	(d)	“Confidential Information” means any information which is non-public, confidential or proprietary and which is disclosed by a Party, whether or not marked as confidential,
including without limitation, the terms of this Agreement, trade secrets, inventions, technical expertise, patent applications, patent opinions, proposals, concepts, designs, procedures, information, business plans, and customer lists;

  

	 	(e)	“Derivatives” means a revision, improvement, modification, translation, abridgment, condensation or expansion, of or by Licensor, of any portion or all of the Patent
Rights, Know-How, and any copyrights thereto; 

  

	 	(f)	“Effective Date” means December 1, 1998; 

  

	 	(g)	“Field of Use” means all micromachined accelerometer applications of the Technology, whether now known or later developed. 

  

	 	(h)	“Know-How” means all present and future technical and other information and specifications relating to the development, implementation and use of Patent Rights and any
copyrights thereto, whether conveyed orally or in writing, including without limitation any and all technical data encompassed by the Patent Rights; 

  

	 	(i)	“License” means the License granted to the Licensee pursuant to Section 2.1; 

  

	 	(j)	“Notice” means notice provided pursuant to Part 18; 

  

	 	(k)	“Parties” means the parties to this Agreement, together with any permitted assignee of a party; 

  

	 	(l)	“Patent Rights” means all of the following Licensor intellectual property: 

 (i) patents and/or patent applications listed in Schedule B, as well as all foreign counterparts thereof, 
 (ii) patents issued from the applications listed in Schedule B and from divisionals and continuations, and continuations-in-part of these applications as well as any foreign counterparts thereof, 
 (iii) any U.S. or foreign patents or patent applications to any Derivative which Licensee elects to include in the Patent Right, and 
 (iv) any reissues (or foreign equivalents) of any such patents; and 
  

	 	(m)	“Product” means a micromachined accelerometer sensor. 

  

 SFU/ADI License – Page 2 of 21 

	 	(n)	“Revenue” means all revenues, receipts and monies received by the Licensee (or any sublicensee) from the sale by Licensee of any and all Products the manufacture or sale
of which is covered by at least one valid, unexpired claim of an issued patent included in the Patent Rights, reduced by (i) any returns for which credit is allowed on the records of the Licensee, (ii) any applicable sublicenses or (iii) taxes and
cash or trade discounts or allowances made to bona fide customers of the Licensee. Where any revenues, receipts and monies are received in any currency other than United States dollars, they shall be converted into the equivalent in United States
dollars at the rate of exchange actually realized by the Licensee when it exchanged such currency, and the amount of the United States dollars actually received by Licensee pursuant to such conversion shall be included in Revenue. If any Product is
sold as part of a larger product or device, the Revenue with respect to such Product shall be based on Licensee’s then-current price for the same or similar Products offered for sale as such; or, if there are no such Products, on the cost of
manufacture of the Product relative to that of the cost of manufacture of such larger product, without including the costs of any packaging. 

  

	 	(o)	“Technology” means Patent Rights, Know-How, Derivatives and any copyright of Licensor; 

  

	 	(p)	“Term” means the term of the Agreement as provided for in Section 2.2, unless terminated earlier pursuant to the terms of this Agreement. 

  

	2.	GRANT OF LICENSE; OPTION TO INCLUDE DERIVATIVES. 

 2.1 The Licensor
grants to the Licensee an exclusive, perpetual, world-wide license of the Licensor’s right, title and interest in and to the Technology to use, make, have made, import, develop, modify, enhance, copy, reproduce, promote, market, sublicense,
sell, offer for sale, and distribute the Technology, and Products and processes embodying any of the Technology, in the Field of Use, during the Term on the terms and conditions set forth in this Agreement, including and not limited to the
provisions of Part 6. 
 2.2 Licensor will notify Licensee, within one month after the end of each calendar quarter, of any Derivatives invented, discovered
or otherwise made by Licensor during such calendar quarter, and of any patent application with respect to any such Derivative. Licensee may elect to include any patent or patent application directed to any such Derivative within the scope of the
Patent Rights by giving Licensor written notice of such election not later than sixty (60) days after receipt of written notice of such applications. The costs and prosecution of any such patent application of any patent issuing thereon shall be
subject to the provision of Section 6.5. 
 2.3 Subject to termination of this Agreement pursuant to Part 13, the License granted herein will continue in
full force and effect from the Effective Date, provided, however, that in no event shall the term of this Agreement extend beyond the expiration date of the last to expire of Patent Rights and copyrights for the Technology, and provided further that
the Licensee’s rights in and to the Technology shall survive expiration (but not termination pursuant to Part 13) of this Agreement. 
  

 SFU/ADI License – Page 3 of 21 

	3.	REPRESENTATIONS AND WARRANTIES OF LICENSOR 

 3.1 In order to induce
the Licensee to enter into this Agreement, the Licensor represents and warrants to the Licensee as follows: 
  

	 	(a)	the Licensor is a validly existing corporation, duly continued under the University Act of British Columbia with full corporate power, authority and legal right to carry on its
business as it is now being conducted; 

  

	 	(b)	the Licensor has the capacity, power and authority to enter into and execute this Agreement, and to carry out the transactions contemplated in this Agreement in accordance with the
terms and conditions contained herein and to observe and perform its obligation contained in this Agreement; 

  

	 	(c)	the execution of this Agreement has been duly authorized by the Licensor and this Agreement is binding on and enforceable against the Licensor; 

  

	 	(d)	neither the execution and delivery of this Agreement, nor the performance of the terms of this Agreement will conflict with or result in a breach of the terms, conditions, or
provisions of, or constitute a default under the corporate commitments of the Licensor or any instrument, agreement, judgment, order, award, decree, license, permit, or approval or other restriction to which the Licensor is a party or by which it is
bound; 

  

	 	(e)	as of the Effective Date, to the best of Licensor’s knowledge the Licensor has disclosed to Licensee (i) all notices it has received that use of any of the Technology infringes
any intellectual property rights of third parties, and (ii) all relevant prior art and patents of which it is aware which would likely be infringed by any device built in accordance with any claims in the patent applications listed in Schedule B.;

  

	 	(f)	as of the Effective Date, the Licensor had not licensed Technology to any third party, nor any portion or such right and license, or any right to obtain such right or interest;

  

	 	(g)	to the best of Licensor’s knowledge, all documents filed with the US Patent and Trademark Office, and equivalent foreign and international offices, are complete and correct, as
required by the applicable law and regulation, and to the best of Licensor’s knowledge, all patent applications included in the Patent Rights, and any patents issuing therefrom, are and will be valid and enforceable; 

 

 SFU/ADI License – Page 4 of 21 

	 	(h)	to the best of its knowledge, the Licensor has acquired the entire right, title and interest in and to the Technology, together with all rights relating to the transferability
thereof. 

  

	4.	REPRESENTATIONS AND WARRANTIES OF LICENSEE 

 4.1 In order to induce
the Licensor to enter into this Agreement, the Licensee represents and warrants to the Licensor as follows: 
  

	 	(a)	the Licensee is a validly existing corporation, duly organized and in good standing under the laws of the Commonwealth of Massachusetts, USA with full corporate power, authority and
legal right to carry on its business as it is now being conducted; 

  

	 	(b)	the Licensee has the capacity, power and authority to enter into and execute this Agreement, and to carry out the transactions contemplated in this Agreement in accordance with the
terms and conditions contained therein and to observe and perform its obligations contained in this Agreement; 

  

	 	(c)	the execution of this Agreement has been duly authorized by the Licensee and this Agreement is binding on and enforceable against the Licensee; 

  

	 	(d)	neither the execution and delivery of this Agreement, nor the performance of the terms of this Agreement will conflict with or result in a breach of the terms, conditions, or
provisions of, or constitute a default under the corporate commitments of the Licensee or any instrument, agreement, judgment, order, award, decree, license, permit, or approval or other restriction to which the Licensee is a party or by which it is
bound; 

  

	 	(e)	as of the Effective Date, to the best of Licensee’s knowledge the Licensee has not received any notice from any third party (other than via Licensor) that any of the Technology
infringes any intellectual property rights of third parties; 

  

	5.	OBLIGATIONS OF THE LICENSOR 

 5.1 Insofar as it has not already done
so (in which case such Technology already disclosed or delivered shall be deemed to have been disclosed or delivered under the terms of Agreement) the Licensor shall deliver to the Licensee, concurrent with the execution and delivery of this
Agreement, all documentation associated with the Technology, including, without limitation, all documentation related to any of the patent applications described in Schedule B. 
 5.2 Subject to Section 6.5, the prosecution, filing and maintenance of Patent Rights, shall be the primary responsibility of Licensor; provided, however, that (a) Licensor shall promptly provide Licensee copies of all
papers received from or filed in any patent 
  

 SFU/ADI License – Page 5 of 21 

 
office, (b) Licensee shall have reasonable opportunities to advise Licensor and shall cooperate with Licensor in such prosecution, filing and maintenance,
and (c) Licensee and Licensor shall proceed by consensus as to the adding, dropping, or material revising of claims. 
 5.3 Payment of all fees and costs
relating to the filing, prosecution, and maintenance of Patent Rights, which have arisen before February 11, 1998 shall be the responsibility of Licensor. 
  

	6.	OBLIGATIONS OF THE LICENSEE 

 6.1 [Intentionally Omitted]

 6.2 During the Term the Licensee shall pay to the Licensor a royalty of a percent of Revenues determined in accordance with Schedule A hereof,
together with interest on overdue royalty payments, if any, as provided in Section 7.3. 
 6.3 The royalty payment referred to in Section 6.2 shall become
due and payable by the Licensee to the Licensor on a quarterly basis, starting with the first quarter in which the Licensee receives Revenue, with the payments due on the last day of the month following a quarterly period and will be accompanied by
the information described in Section 7.2. As used herein, the term quarterly period shall refer to the fiscal quarters of Licensee, which end on the last day of January, April, July, and October of each year. 
 6.4 On each of the first five (5) anniversaries of the Effective Date, the Licensee shall pay the Licensor the sum of Ten Thousand US Dollars ($10,000), as a non
refundable advance against royalty payments due and payable pursuant to Section 6.2. Each non-refundable advance shall be an advance against any royalty payments otherwise due with respect to the annual period following the anniversary of the
Effective Date on which such advance was due. 
 6.5 Payment of all patent office fees and costs and reasonable attorneys fees relating to the filing,
prosecution, and maintenance of Patent rights, which are incurred on or after February 11, 1998 with the approval of Licensee shall be the responsibility of Licensee. If Licensor, or Licensee with the Licensor’s consent, files any patent
applications that Licensor elects to include in the Patent Rights as provided in Section 2.2, all payment of all fees and costs relating to the filing, prosecution, and maintenance of such additional patents, shall be the responsibility of Licensee.
Licensee may, at its sole discretion, have any and all patent prosecution and maintenance performed by the attorney or firm of Licensee’s choice. If, after due consideration and subject to Licensee’s obligations under Section 6.6, Licensee
decides not to prosecute or maintain any patent or patent application within the Patent Rights, Licensee shall so inform Licensor, and Licensor thereafter may continue such prosecution or maintenance at Licensor’s option and expense. In that
case, if Licensor decides not to prosecute or maintain any patent or patent application within the Patent Rights, Licensor shall so inform Licensee, and Licensee thereafter may continue such prosecution or maintenance at Licensee’s option and
expense. 
  

 SFU/ADI License – Page 6 of 21 

 6.6 The Licensee, either through itself or through its permitted assigns and sublicensees, will use reasonable efforts to
bring the Technology to market through a development marketing program and will use reasonable efforts to continue such efforts for the Technology for five (5) years from the Effective Date. In the event Licensee fails to bring the Technology to
market within five (5) years of the Effective Date, the License shall become non-exclusive, and all royalty rates shall be reduced by half, and Licensee shall no longer be responsible for the costs of maintaining and prosecuting the patents and
applications, but the License shall otherwise remain in full force and effect. 
  

	7.	RECORDS, INTEREST AND AUDITS 

 7.1 The Licensee will keep true and
accurate books of account, detailing therein all transactions and dealings of and in relation to the Technology, including true and accurate customer lists. The Licensee will keep all business records in a form and in accordance with sound
accounting practices and procedures, and will keep and preserve for a period of seven (7) years all business records and evidence of sublicenses and business transactions related to the Technology. 
 7.2 The Licensee will furnish to the Licensor such reports as the Licensor may reasonably require from time to time, but no less frequently than on a quarterly basis.
Without limiting the generality of the foregoing, the Licensee will furnish to the Licensor in the form, from time to time reasonably prescribed by the Licensor, together with such detail and breakdown and copies of supporting records as the
Licensor may from time to time reasonably require, information relating to the model, quantity or total units sublicensed or otherwise delivered. 
 7.3
Interest will be charged on overdue amounts at the rate of 5% per annum from the date the amount became due until such amount, together with accrued interest, is paid in full; provided, however, that interest shall not accrue on any sums which are
the subject of a good faith dispute between the parties. 
 7.4 The Licensor may, from time to time, at the expense of the Licensor, direct an independent
Auditor, acceptable to Licensee acting reasonably, to audit the records, and supporting documentation of the Licensee relating to the Technology to the extent required to determine and verify the accuracy of Licensee’s statements and the
payments required to be made pursuant to this Agreement. The Audit will be conducted during normal business hours and at the place where such information is normally kept. The Licensee agrees to provide the Auditors with reasonable access to the
premises of the Licensee during normal business hours. The expenses of the Licensor shall not include costs incurred by the Licensee in providing reasonable assistance associated with the Audit, including costs for employee salary and benefits or
consultants services incurred in providing the assistance. 
 7.5 All information acquired by Licensor of Auditor in the course of any such Audit shall be
deemed Confidential Information. The Licensor agrees that the Auditor will not disclose information to the Licensor other than to the extent necessary to inform Licensor of the results of the audit. 
  

 SFU/ADI License – Page 7 of 21 

 7.6 The Licensor will send the Licensee a copy of the results of each such Audit within one week of receipt of the Audit
report by the Licensor, together with a Notice of underpayment or overpayment of royalties, if there has been such an underpayment or overpayment. 
 7.7 If
the Audit determines, to the reasonable satisfaction of Licensee, that the Licensee has underpaid the royalties due and payable to the Licensor, the Licensee will pay to the Licensor the amount of the under-reporting, together with accrued interest,
as soon as practicable after receiving the Notice of underpayment, and in any case, within twenty one (21) business days of such Notice. 
 7.8 If the Audit
determines that the Licensee has overpaid the Royalties due and payable to the Licensor, the Licensee may withhold such amount from future royalties otherwise due and payable to the Licensor. 
  

	8.	OWNERSHIP OF INTELLECTUAL PROPERTY RIGHTS 

 8.1 Licensee agrees and
acknowledges that: 
  

	 	(a)	the Licensor is the owner of all right, title and interest in and to the now-existing Technology developed by Licensor and, except as may otherwise be agreed by Licensee and
Licensor, to future Technology developed by Licensor independent of and without and financial support of Licensee; and 

  

	 	(b)	notwithstanding Part 2, but subject to Section 8.2, the Licensor is entitled to use the Technology that is now-existing or that is developed in the future by Licensor independent of
and without any financial support of Licensee, and each and every part of it, for its research, development and educational use, including the right to publish its research relating to such Technology. 

 8.2 Subject to the terms and conditions of this Agreement, and the License granted herein, the Licensor will retain ownership of any Derivatives arising out of its own
research and development conducted without the financial support of Licensee, if any, undertaken after the Effective Date. All costs associated with such research and development will be the responsibility of the Licensor, unless otherwise agreed in
writing by the Parties. All Derivatives of Licensor shall be deemed part of the Technology hereunder, and any patents or patent applications directed thereto may be included in the Patent Rights as provided in Section 2.2. Prior to exercising its
right to publish any Derivatives of Licensor (or jointly owned Derivatives per Section 8.4 below), including but not limited to publishing such accounts in journals or other publications, the Licensee shall be furnished with a copy of the proposed
disclosure. The Licensor agrees that it shall refrain from publishing the proposed disclosure until it has received Notice from the Licensee that such disclosure may be published, or until a period of six (6) months has elapsed from the date of
initial submission of the said disclosure to the Licensee, whichever is first. 
  

 SFU/ADI License – Page 8 of 21 

 8.3 The Licensee will retain ownership of any Derivatives arising out of its own research and development, if any,
undertaken after the Effective Date. All costs associated with such research and development will be the responsibility of the Licensee, unless otherwise agreed in writing by the Parties. 
 8.4 Except as set forth above, the Parties will have a joint ownership of any Derivatives arising out of any joint research and development undertaken after the
Effective Date, unless otherwise agreed in writing by the Parties. All costs associated with such research and development, together with the right to patent and license the results of such research and development, will be agreed to by the Parties
in writing prior to undertaking of such activities. 
  

	9.	INFRINGEMENT 

 9.1 The Licensee will promptly give the Licensor
Notice of any apparent infringement of the Licensor’s rights in or the Licensee’s rights to use the Technology known to Licensee. 
 9.2
[Intentionally Omitted] 
 9.3 [Intentionally Omitted] 
 9.4
Notwithstanding anything herein to the contrary, the Parties may decide to institute joint action with respect to such infringement, and if the Parties agree to take joint action against the alleged infringer jointly, they shall bear the cost of
such joint action equally and shall share all amounts recovered from the alleged infringer in proportion to their respective losses. 
  

	10.	CONFIDENTIALITY 

 10.1 For ease of understanding, Disclosing Party
will refer to the party disclosing the Confidential Information, the Recipient will refer to the Recipient of the Confidential Information, and the Recipient’s Representatives will refer to the Recipient’s affiliates, directors, officers,
employees, advisors and consultants. 
 10.2 Except with the prior written authorization of the Disclosing Party, the Parties agree that Confidential
Information received from the other Party will only be disclosed to the Recipient’s Representatives who have a need to know, and such Confidential Information will be used only by the Recipient and the Recipient’s Representatives on a need
to know basis, for the purposes of fulfilling the Parties obligations under, and realizing the benefits of, this Agreement. 
 10.3 The Parties agree to take
all reasonable measures to prevent the unauthorized disclosure or use of the Confidential Information, and in any case, such efforts will be no less than the measures it takes to protect its own confidential or proprietary information, provided,
however, that nothing in this Part 10 shall limit Licensee’s right to use or disclose any Confidential Information relating to any Technology in connection with Licensee’s exercise of the rights granted to it under Part 2 or Part 14.

  

 SFU/ADI License – Page 9 of 21 

 10.4 If the Recipient or any of the Recipient’s Representatives is required by law or governmental rule or
regulation to disclose any of the Confidential Information, the Recipient will provide Notice of that requirement to the Disclosing Party not less than five (5) business days in advance of such disclosure so that the Disclosing Party may seek a
protective order or other appropriate remedy. In any event, the Recipient or the Recipient’s Representative will only disclose that part of the Confidential Information which is required to be disclosed by law, and will use reasonable efforts
to obtain assurances that confidential treatment will be given to the Confidential Information. 
 10.5 On the expiration or termination of this Agreement,
or upon demand by the Disclosing Party, the Recipient will return, or cause to be returned or destroyed, any Confidential Information of the Disclosing Party and the Recipient will permanently delete or caused to be deleted any Confidential
Information of the Disclosing Party from all retrieval systems, databases, or other storage media on which it may be found. At the request of the Disclosing Party, the Recipient will provide a certificate that the terms and conditions of this
Section 10.5 have been complied with. 
 10.6 The restrictions set out in this Part 10, do not apply to any part of the Confidential Information which:

  

	 	(a)	was or is lawfully acquired by the Recipient or the Recipient’s Representatives prior to its disclosure by the Disclosing Party and is or was not then subject to any obligation
of confidence to the Disclosing Party; 

  

	 	(b)	is or becomes part of the public domain, but not as a result of any breach of this Agreement; or 

  

	 	(c)	is acquired by the Recipient or the Recipient’s Representatives from a third party who is not under an obligation of confidentiality to the Disclosing Party; or

  

	 	(d)	independently developed by the receiving party or its subsidiaries 

  

	11.	LIMITATION OF WARRANTIES AND REPRESENTATIONS 

 11.1 Nothing in this
Agreement shall be construed as: 
  

	 	(a)	creating an obligation upon either party to bring or prosecute actions or suits against third parties for infringement; 

  

	 	(b)	conferring any license or rights to any intellectual property rights in which either party may have an interest other than the Technology; and 

  

	 	(c)	a representation or warranty by Licensor or Licensee that anything made, used, sold or otherwise disposed of under the license granted under this Agreement is or will be free from
infringement of patents, copyrights, trade-marks, industrial design or other intellectual property rights of third parties. 

  

 SFU/ADI License – Page 10 of 21 

 11.2 Licensor makes no representations or warranties, whether express or implied, with respect to the Technology except
as specified in Section 3.1. Without limiting the generality of the foregoing, Licensor specifically disclaims any implied warranty or representation that the Technology are of merchantable quality, or are fit for a particular purpose. 

 

	12.	INDEMNIFICATION 

 12.1 The Licensee shall defend, indemnify and hold
harmless the Licensor and its respective directors, governors, officers, faculty, employees and agents against any and all liabilities, expenses, demands or claims by any third party arising out of the exercise by the Licensee of any of its rights
under the License, including without limitation against any damages or losses arising from or out of the use by Licensee or its sublicensees in any way of the Technology licensed under this Agreement howsoever the same may arise. The forgoing
indemnity shall not apply to any liabilities, expenses, damages or claims which may arise out of the acts of the Licensor other than the grant of rights under this Agreement. 
 12.2 Without limiting the generality of the foregoing, the Licensee hereby agrees to defend, indemnify and hold harmless the Licensor and its respective directors, governors, officers, faculty, employees and agents
against any and all liabilities, expenses, demands or claims of any third party arising out of the exercise by the Licensee of any of its rights under the License, that such use of the Technology by the Licensee or any of its sublicensees infringes
any patent, copyright, trademark, or trade secret rights of a third party in Canada or elsewhere, and the Licensee hereby agrees that it will pay all costs, damages, and legal fees finally awarded by a court of competent jurisdiction arising from or
in connection with any such claim, provided, however, that this provision shall not apply to any liabilities, expenses, demands, claims, legal or administrative proceedings, including interest, costs, expenses and legal fees arising out of the gross
negligence or willful misconduct of the Licensor. 
 12.3 The provisions of sections 12.1 and 12.2 shall apply only if Licensor promptly notifies Licensee,
in writing, of any liability, expense, demand or claim within the scope of either of such sections, and grants to Licensee the full and unrestricted right to defend, compromise or settle the same on any terms; provided, however, that Licensee shall
not settle any such liability, expense, demand or claim without the consent of Licensor, which consent shall not be unreasonably withheld. Licensee shall endeavor to keep Licensor informed of the progress of any such defense, compromise or
settlement. 
  

	13.	TERMINATION 

 13.1 If any of the following events occurs, the
non-defaulting party may terminate the Agreement if the defaulting Party fails to cure such default within 30 days after being given Notice of such default, or, if the default cannot be cured within such period, commences reasonable efforts to cure
such default within such period and continues such reasonable efforts until such default has been cured, and such events include: 
  

	 	(a)	[Intentionally Omitted] 

  

 SFU/ADI License – Page 11 of 21 

	 	(b)	the determination, in the reasonable opinion of the Licensor, that a representation or warranty of Licensee provided herein is untrue; 

  

	 	(c)	the determination, in the reasonable opinion of the Licensee, that a representation or warranty of Licensor provided herein is untrue; 

  

	 	(d)	the failure of the Licensee to make payments in accordance with Part 6 or Section 7.3 (except for amounts which are the subject of a good faith dispute between the parties);

  

	 	(e)	the failure of the Licensee to provide financial information in accordance with Section 7.2 or permit such records to be audited in accordance with Section 7.4; or 7.7;

  

	 	(f)	the breach by any party of a provision of Part 10; or 

  

	 	(g)	the failure of the Licensee to defend, indemnify and hold harmless the Licensor in accordance with Part 12. 

 13.2 This Agreement shall terminate immediately if: 
  

	 	(a)	the Licensee becomes insolvent and admits in writing its inability to pay its debts as they become due; 

  

	 	(b)	the Licensee commits or threatens to cease to carry on its business or commits an act of bankruptcy; 

  

	 	(c)	the Licensee becomes subject to the control or direction of a liquidator, trustee receiver or receiver-manager; 

  

	 	(d)	any resolution is passed or order made or other steps taken for the winding-up, liquidation or other termination of the existence of the Licensee; or 

  

	 	(e)	any execution, sequestration or any other process of any court is levied on the rights granted to the Licensee under this Agreement; provided that such execution, sequestration or
other such process has become final and unappealable. 

 13.3 In addition to the foregoing, Licensee may terminate this Agreement upon ninety
(90) days notice to Licensor of termination, and such termination shall be effective as of the date stated in such Notice. 
 13.4 Upon termination of this
Agreement by Licensor pursuant to Sections 13.1, 13.2, or by Licensee pursuant to Section 13.3: 
  

	 	(a)	Licensee will have no further right of any nature whatsoever in Technology and the License and all rights associated therewith will immediately terminate, with the exception of
those rights necessary to give effect to the sublicense agreements (“Sublicense”), if any, entered into under this Agreement, provided, however that all such sublicenses to end users shall survive such termination, and except also that the
Licensor (and any Sublicensees) may thereafter continue the manufacture of and may sell any Products that are on hand or in the course of manufacture as of the date of termination provided that any payments otherwise required in accord with Section
6 are paid with respect thereto. 

  

 SFU/ADI License – Page 12 of 21 

	 	(b)	the Licensee will immediately deliver up to Licensor copies of all legally binding agreements pursuant to the Sublicenses and the Licensor shall, without undue delay, either (i)
accept assignment from Licensee of the Sublicenses, or (ii) enter into good faith negotiations with the other party to each Sublicense to replace such Sublicense with an agreement between such party and the Licensor (and provided that the royalty
rate shall not be increased in such negotiations) on terms which are typical in licensese between universities and for-profit companies. 

  

	 	(c)	the Licensee will immediately deliver up to Licensor any documents or prototypes previously provided to it by Licensor that embody any of the Technology and that are then in
Licensee’s possession or control. 

  

	 	(d)	the Licensee will immediately pay to the Licensor fees and royalties as required in accordance with Part 6 (except for amounts which are the subject of a good faith dispute between
the parties). 

  

	 	(e)	notwithstanding the foregoing, in the event of termination of this Agreement, Licensor shall take assignment of any Sublicense that Licensor has had an opportunity to review and
approve prior to the granting of such sublicense by Licensee; which approval shall not be unreasonably withheld. 

  

	14.	ASSIGNMENT 

 This Agreement is not assignable by either party, and
any attempt by any party to assign or delegate any rights, duties or obligations hereunder shall be void. Notwithstanding the foregoing, Licensee may assign its rights and delegate its obligations under this Agreement to a third party in which
Licensee has an equity interest, provided that Licensor is notified prior to completion of the assignment and all of Licensee’s obligations under this Agreement are assigned to said third party. 
  

	15.	FORCE MAJEURE 

 15.1 Neither Party will be deemed to be in breach of
this Agreement where its failure to perform or delay in performing its obligations is due wholly or in part to a cause beyond its reasonable control, including but not limited to an act of God, act of any national, civil or military authority,
governmental priorities, civil or military authority, civil commotion, war, strikes, lockouts, and other labour 

  

 SFU/ADI License – Page 13 of 21 

 
disputes, fires, flood, sabotage, earthquake, storm, epidemic, inability due to causes beyond supplier’s reasonable control to obtain necessary and
proper labour or transportation, delays of carriers and suppliers. The foregoing will apply even though any such cause exists at the time of the signing of this Agreement or occurs after either Party’s performance of its obligations is delayed
by any other event. 
 15.2 Either Party will promptly give the other Party Notice of any failure to perform or delay in performance due to a cause set out
in Section 15.1 above, and will provide an estimate as soon as practicable as to when performance of the obligation will be resumed. Subject to the following, the time for performing the obligation will be extended for a period equal to the delay
resulting from such a cause. The Parties will explore all reasonable avenues available to avoid or solve problems of this nature in the shortest possible time. When the obligation is delayed at least two months due to a Force Majeure, and the
Parties have not agreed upon a revised basis for performing the obligation, including adjustment of the quotas set out in Part 6, then either Party may bring the matter to arbitration in accordance with the terms of this Agreement. 
  

	16.	DISPUTE RESOLUTION 

 If at any time during or after the Term, any
dispute, difference or question arises between the Parties concerning the construction, meaning or effect of this Agreement or any agreement or covenant entered into between the parties pursuant to this Agreement or the termination of this
Agreement, or the rights or obligations of the parties, every such dispute, difference or question will be submitted to and settled by arbitration and the decision of the arbitrator will be accepted by all parties to such dispute. The arbitration
will be conducted by a single arbitrator agreed upon by the parties to the matter under the American Arbitration Association, in Chicago, IL, USA, and all proceedings shall be conducted in the English language. There shall be three arbitrators, one
each shall be appointed by the respective parties and the third appointed by agreement of the first two arbitrators or, failing agreement, by the American Arbitration Association. Disputes about arbitration procedure shall be resolved by the
arbitrators or, failing agreement, by the American Arbitration Association. The arbitrators may proceed to an award notwithstanding the failure of the other party to participate in the proceedings. Discovery shall be limited to mutual exchange of
documents relevant to the dispute, controversy or claim; depositions shall not be permitted unless agreed to by both parties. The arbitrators shall be authorized to grant interim relief, including to prevent the destruction of goods or documents
involved in the dispute, protect trade secrets and provide for security for a prospective monetary award. In no event shall punitive damages be assessed against either party. The prevailing party shall not be entitled to an award of reasonable
attorney fees incurred in connection with the arbitration. The award of the arbitrators shall be the sole and exclusive remedy of the parties and shall be enforceable in any court of competent jurisdiction. Notwithstanding the foregoing, the parties
shall be entitled to seek injunctive relief, security or other equitable remedies from any court of competent jurisdiction in furtherance of the arbitration proceedings. 
  

 SFU/ADI License – Page 14 of 21 

	17.	PROVISIONS TO SURVIVE TERMINATION 

 17.1 Notwithstanding anything
herein contained, Parts 8, 10, 11, 12, and 19 and remedies for termination are intended to continue to have effect after, or to come into effect, upon termination of this Agreement, however caused, and the rights and obligations thereunder will
remain enforceable. 
  

 SFU/ADI License – Page 15 of 21 

	18.	NOTICES 

 18.1 Any Notice under this Agreement will be given in
writing and may be mailed by registered mail, return receipt requested or delivered by hand or sent by fax addressed to the Party to which the Notice is to be given at the address indicted below. 
 In the case of the Licensor: 
 Mr. Mike Volker, Director 
 University Industry Liaison Office 
 Room 2100 Strand Hall 
 8888 University Drive 
 Burnaby, British Columbia V5A 1S6 
 Fax: (604) 291-3477 
 In the case of the Licensee: 
 Dr. Yang Zhao 
 Analog Devices, Inc. 
 21 Osborn Street 
 Cambridge, MA 02138, USA 
 Fax: (617) 761-7607 
 With mandatory copy to: 
 William A. Wise, Esq. 
 Analog Devices, Inc. 
 Three Technology Way 
 Norwood, MA 02062 
 Fax: (781) 461-3491 
 18.2 If Notice is delivered or sent by fax, it will be
deemed to have been received on the next business day, or if the Notice is by registered mail, it will be deemed to have been received five business days after mailing. 
 18.3 If there is an interruption in normal mail service due to strike, labour unrest or other cause at or before the time a Notice is mailed, the Notice will be sent by fax or will be delivered by courier. 

18.4 Any Party will, by Notice to the other Party, designate a changed address or facsimile number for such Party. 
  

 SFU/ADI License – Page 16 of 21 

	19.	GENERAL 

 19.1 Waiver by either Party of the strict performance of
any term, condition, covenant or agreement in this Agreement will not of itself constitute a waiver or abrogation of such term, condition, covenant or agreement, nor be a waiver or abrogation of any subsequent breach of same, nor any other term,
condition, covenant, or agreement herein. 
 19.2 Except as expressly provided in this Agreement, and in the agreements, instruments and other documents
contemplated or provided for or referred to in this Agreement, this Agreement and the attached schedules contain the entire agreement between the parties with respect to the subject matter hereof, and supersede all other communications relating to
the said subject matter. 
 19.3 No alteration, modification, waiver or other change to this Agreement will be binding upon the Parties unless in writing and
signed by the authorized representatives of both Parties. 
 19.4 If any provision of this Agreement is found to be illegal or unenforceable, it will be
considered separate and severable from this Agreement and the remaining provisions of this Agreement will remain in force and be binding upon the Parties as though the illegal or unenforceable provision had never been included. 
 19.5 [Intentionally Omitted] 
 19.6 This Agreement is deemed to have been
made, executed and delivered in Norwood, Massachusetts, USA and will be governed by, subject to and interpreted in accordance with the laws prevailing in the Commonwealth of Massachusetts, without reference to its choice of law provisions. The
Parties acknowledge and agree that the International Sale of Goods Act (1980) has no application to this Agreement. 
 19.7 Parties shall comply with
all laws, rules, and regulations of competent public authorities relating to the duties, obligations, and performance under this Agreement and shall procure all licenses and pay all fees and other charges required hereby. 
 19.8 Nothing contained in this Agreement shall be construed as limiting rights that the Parties may enjoy outside the scope of the licenses granted and the obligations
and restrictions set forth or treated herein. 
  

	19.9	Nothing contained herein shall be deemed or construed to create between the Parties hereto a partnership or joint venture. Neither Party shall have the authority to act on behalf of
the other Party, or to commit the other Party in any manner or cause whatsoever or to use the other Party’s name in any way not specifically authorized by this Agreement. Neither Party shall be liable for any act, omission, representation,
obligation or debt of the other party, even if informed of such act, omission, representation, obligation or debt. 

 19.10 Subject to the
limitations herein before expressed, this Agreement shall inure to the benefit of and be binding upon the Parties, and their respective successors and permitted assigns. 
  

 SFU/ADI License – Page 17 of 21 

 19.11 The descriptive headings contained in this Agreement are inserted solely for convenience of reference and are not
intended to affect the construction or interpretation of this Agreement. 
 19.12 Words purporting the singular include the plural and vice versa, and
words purporting gender, include any gender, as the context requires. 
 19.13 [Intentionally Omitted] 
 19.14 The following schedules are attached to and form part of this Agreement: 
 Schedule A: Royalty Rates 
 Schedule B: Patent Rights 
 19.15 The Parties agree to execute and deliver any other deeds, documents and assurances and to do any other acts required to carry out the true intent and meaning of
this Agreement. 
 19.16 No right or remedy contained in this Agreement is intended to be exclusive but each will be in addition to every other right or
remedy contained in this Agreement, or existing at law, in equity or by statute, or pursuant to any other agreement between the Parties that may be in effect from time to time. 
 19.17 [Intentionally Omitted] 
 19.18 This Agreement may be executed in two counterparts, each of which will be deemed to be
an original and both of which will constitute one agreement. 
  

 SFU/ADI License – Page 18 of 21 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. 
  

							
		 		 	SIMON FRASER UNIVERSITY
				
	Date: 99/3/10	 		 	Per:	 	 /s/ Mike Volker

		 		 		 	Mike Volker
		 		 		 	Director, University Industry Liaison Office
			
		 		 	COMPANY
		 		 	Analog Devices, Inc.
				
	Date: 03/17/99	 		 	By:	 	 /s/ Ray Stata

		 		 	Title:	 	Chairman, AOI

  

 SFU/ADI License – Page 19 of 21 

 Schedule A 
 Running Royalty 
 The royalty referenced in Section 6 hereof shall be determined in accordance with the following.

 The royalty rate shall be one percent (1%) of Revenue with a cap of One Hundred Thousand US Dollars ($100,000) per year (where the term “year”
means the fiscal year of Licensee, ending on October 31 of each calendar year); provided, however, that in the event that the US CIP application Serial No. 09/177,439 filed on October 21, 1998” does not issue as a U.S. Patent with Device Claims
(i.e., claims directed to devices per se of the type now pending in such application), the royalty rate will then be reduced to one-half of one percent (0.5%) with a cap of Fifty Thousand US Dollars ($50,000) per year. Licensor will notify Licensee
of the abandonment of, or issue of a patent on, such application promptly, and in any event within ten (10) days of receiving notice of the same from Licensor’s patent attorneys and the reduction of royalty rate shall be effective upon either
such abandonment or issue of such patent without such Device Claims. 
 Further, in the event that Licensee takes a license or licenses from one or more
third parties, which licenses are reasonably required to use, make, have made, or import (as applicable) any process or device covered in any patent or patent application included in the Patent Rights, the royalties due to Licensor hereunder shall
be reduced by any royalties paid to such third parties in connection with the license of such rights, but in no event shall the royalties due to Licensor be reduced by more than fifty percent (50%) of the royalty that would otherwise be due if no
license or licenses were reasonably required. 
  

 SFU/ADI License – Page 20 of 21 

 SCHEDULE B 
 Thermal Accelerometer 
 Patent Applications Filed by Simon Fraser University 
 The INFORMATION is described in the following patents, and all other applications that depend from the following patents: 
 1. U.S. patent application, Serial No. 08/673,773, filed on June 26, 1996, now abandoned 
 2. U.S. Patent Application Serial No. 08/800,588 filed on February 18, 1997 
 3. U.S. Patent Application Serial No.
09/177,439 filed on October 21, 1998 
 4. PCT application, Serial No. PCT/CA 97/00442 filed on June 24, 1997 
 All entitled “Accelerometer Without Proof Mass”, author: Albert M. Leung. 
  

 SFU/ADI License – Page 21 of 21 

 SFU / MEMSIC, Inc. ·
 Amendment No. 1 to License Agreement 
  

 AMENDMENT No. 1 
 THIS AMENDMENT No. 1 (the
“Amendment”) to the License Agreement dated December 1, 1998, between Simon Fraser University and Analog Devices, Inc., is effective as of the 1st day of January, 2005; 
 BETWEEN: 
 SIMON FRASER UNIVERSITY, a corporation continued under the University Act of
British Columbia, and having offices at Room 2100 Strand Hall, 8888 University Drive, Burnaby, British Columbia, Canada V5A 1S6, (“SFU”); 
 AND

 MEMSIC, INC., a corporation incorporated under the laws of the State of Delaware, and having offices at 800 Turnpike Street,
Suite 202, North Andover, MA 01845, U.S.A. (“MEMSIC”). 
 WHEREAS the SFU and Analog Devices, Inc. entered into a License Agreement dated December
1, 1998 (the “License Agreement”); and 
 WHEREAS Analog Devices, Inc. assigned to MEMSIC all of its rights and obligations under the License
Agreement through a Technology License Agreement between Analog Devices, Inc. and MEMSIC, dated March 3, 1999; and 
 WHEREAS SFU and MEMSIC now wish to
modify the reporting and payment schedule under the License Agreement through this Amendment; 
 NOW, THEREFORE, in consideration of the promises and mutual
covenants herein contained, SFU and MEMSIC hereby agree to the following: 
  

	1.	In paragraph 6.3 of the License Agreement, the last sentence is to be deleted and replaced with the following: 

 “As used herein, the term quarterly period shall refer to the fiscal quarters of the Licensee, which end on the last day of March, June, September
and December of each year.” 
  

	2.	In Schedule A of the License Agreement, the words, “where the term “year” means the fiscal year of the Licensee, ending on October 31 of each calendar
year”, are to be deleted and replaced with: “where the term “year” means the fiscal year of the Licensee, ending on December 31 of each calendar year”. 

  

	3.	A royalty report and payment regarding any Revenue received by the Licensee under the License Agreement during the period from November 1, 2004, through December 31, 2004,
will be submitted by MEMSIC to SFU on or before January 31, 2005. 

					
	Amendment No. 1	 	Page 1 of 2	 	2/8/05

 SFU / MEMSIC, Inc. ·
 Amendment No. 1 to License Agreement 
  

  

	4.	In paragraph 18.1 of the License Agreement, the address for notices to the Licensee is to be deleted and replaced with the following: 

 Dr. Yang Zhao 
 MEMSIC, Inc. 
 800 Turnpike Street, Suite 202 
 North
Andover, MA 01845 
 USA 
 Fax:
(978)738-0196 
  

	5.	In all other respects, the terms of the License Agreement are reaffirmed by SFU as Licensor and MEMSIC as Licensee. 

 IN WITNESS WHEREOF the parties hereto have hereunto executed this Amendment on the dates set forth below to be effective as of the date first above written. 

 

							
	SIGNED FOR AND ON BEHALF OF	 		 	SIGNED FOR AND ON BEHALF OF
	SIMON FRASER UNIVERSITY by:	 		 	MEMSIC, INC. by:
			
	 /s/ M. VOLKER
	 		 	 /s/ Yang Zhao

	Name:	 	M. VOLKER	 		 	Yang Zhao
	Title:	 	DIRECTOR - UILO	 		 	CEO and President
			
	 14 Feb 2005
	 		 	2/15/2005
	Date	 		 	Date

					
	Amendment No. 1	 	Page 2 of 2	 	2/8/05

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