Document:

Lease Termination Agreement

 EXHIBIT 10.1 
 LEASE TERMINATION AGREEMENT 
 THIS LEASE TERMINATION AGREEMENT (this
“Agreement”) is made and entered into as of December 16, 2007 (the “Effective Date”) by and between Tri-Valley Technology Campus LLC, a Delaware limited liability company (the “Future
Landlord”), and Adept Technology, Inc. (“Tenant”). 
 RECITALS: 
 A. WHEREAS, Tri-Valley Campus I, LLC (the “Current Landlord”) and Tenant have entered into that certain Kontrabecki Group Industrial
– R&D Lease dated September 18, 2000 (the “Original Lease”), as amended by that certain Amendment to Lease by and between the Current Landlord and Tenant dated as of August 6, 2003 (the
“Amendment”, the Original Lease and the Amendment, collectively, the “Lease”), pursuant to which the Current Landlord leased to Tenant certain space (the “Premises”) located at 3011, 3055 and 3077 Triad
Drive, Livermore, California, as more particularly described in the Lease. A copy of the Lease and the Amendment are attached hereto as Schedule I. 
 B. WHEREAS, the Future Landlord and the Current Landlord have entered into a purchase and sale agreement (the “Purchase Agreement”) pursuant to which the Future Landlord has contracted to purchase the
Premises from the Current Landlord. 
 C. WHEREAS, Tenant desires to relocate its operations in the Premises to another location. 

D. WHEREAS, subject to and in accordance with the terms of this Agreement, Tenant desires to grant the Future Landlord the right to terminate the
Lease if the Future Landlord acquires fee simple ownership to the Premises. 
 AGREEMENT: 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Future Landlord and Tenant hereby
agree as follows: 
 1. Termination Option. The Future Landlord and Tenant hereby agree that subject to the terms of this Agreement, the
Future Landlord shall have the right, for the one (1) year period commencing on January 1, 2008, to terminate the Lease on at least ninety (90) days prior written notice to Tenant (the “Termination Right”), said
notice to be delivered in accordance with the notice provisions set forth in Section 22 of the Lease and shall state the date of termination of the Lease (the “Termination Date”). 
 2. Termination Fee. As consideration for the termination of Tenant’s obligations under the Lease pursuant to Section 3 below, Tenant shall pay
to the Future Landlord within thirty (30) days after the date the Future Landlord exercises the Termination Right, by certified or cashier’s check or wire transfer of immediately available funds, the amount of One Million Dollars
($1,000,000.00) (the “Termination Fee”). Any check shall be delivered to David Wilbur at RREEF Funds, 101 California Street, San Francisco, California, 94111, and any wire transfer of funds shall be made to an account
designated by the Future Landlord. 

 3. Termination. The Future Landlord and Tenant agree that all obligations under the Lease shall
terminate on the Termination Date; provided, however, to the extent any covenants or obligations of Tenant under the Lease, including but not limited to Tenant’s obligation to restore the Premises upon the expiration of the term pursuant to
Section 7.5, Section 18 and Section 26 of the Lease, survive any expiration or other termination of the Lease, such covenants or obligations of Tenant shall also survive the termination of the Lease. 
 4. Lease Payments. Tenant shall continue to pay all rentals and other charges under the Lease through the Termination Date. Any such rentals and
other charges under the Lease, including, but not limited to, operating expenses, taxes and assessments, extra services, utilities and HVAC, based on the Future Landlord’s estimate of such charges, shall be prorated as of the Termination Date
and paid by Tenant to the Future Landlord on or before the Termination Date. 
 5. Tenant’s Representation and Warranty. Tenant
hereby represents and warrants that Tenant does not owe any commission, finder’s fee or brokerage fee arising out of the transactions contemplated by the Lease or this Agreement. Tenant shall indemnify and hold the Future Landlord harmless from
and against any and all liabilities, claims, demands, damages, costs and expenses, including without limitation, reasonable attorney’s fees or brokerage fees arising out of the inaccuracy of the foregoing representation and warranty of Tenant.
This paragraph 5 shall be true and correct as of the date hereof and shall survive the termination of the Lease. 
 6. Condition Precedent
to Enforceability. The parties acknowledge and agree that this Agreement and transactions contemplated hereby shall be null and void and of no force and effect if the Future Landlord does not acquire the Premises. Furthermore, the parties
acknowledge and agree that the termination of Tenant’s obligations under the Lease pursuant to the terms of this Agreement are conditioned upon Tenant’s payment of the Termination Fee to the Future Landlord in accordance with
Section 2 of this Agreement. In no event shall this Agreement be construed as on binding on the Current Landlord. 
 7. Entire
Agreement. This Agreement sets forth the entire agreement between the parties with respect to the subject matter hereto and all prior negotiations or agreements, whether written or oral, are superseded and merged herein. This Agreement may not
be altered or amended except by a writing duly authorized and executed by the party against whom enforcement is sought. 
 8.
Attorneys’ Fees. Should any dispute arise among the parties hereto or the legal representatives, successors and assigns concerning any provision of this Agreement or the rights and duties of any person in relation thereto, the party
prevailing in such dispute shall be entitled, in addition to such other relief that may be granted, to recover reasonable attorneys’ fees and legal costs in connection with such dispute. 
 9. Governing Law. This Agreement shall be governed by and construed under the laws of the State of California. 
  

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 10. Counterparts/Facsimile. This Agreement may be executed in any number of original counterparts.
Any such counterpart, when executed, shall constitute an original of this Agreement, and all such counterparts together shall constitute one and the same Agreement. This Agreement may be executed pursuant to original or facsimile copies of
signatures, with the same effect as if the parties had signed the document pursuant to original signatures. 
 [SIGNATURE PAGE FOLLOWS].

  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

  

											
	Future Landlord:	 	TRI-VALLEY TECHNOLOGY CAMPUS, LLC,
		 	a Delaware limited liability company
				
		 		 	By:	 	CALSMART L.L.C.,
		 		 		 	a Delaware limited liability company solely with respect to its Series E
				
		 		 	By:	 	RREEF America L.L.C.,
		 		 		 		 	a Delaware limited liability company
		 		 		 		 	Its:	 	Manager
						
		 		 		 		 	By:	 	/s/ David M. Wilbur
		 		 		 		 	Name:	 	David M. Wilbur
		 		 		 		 	Title:	 	Director
					
	Tenant:	 		 		 		 	ADEPT TECHNOLOGY, INC.
		 		 		 		 	a Delaware Corporation
						
		 		 		 		 	By:	 	/s/ Lisa Cummins
		 		 		 		 	Name:	 	Lisa Cummins
		 		 		 		 	Its:	 	CFOLicense Agreement between Registrant and Fundacion Fatronik

 EXHIBIT 10.3 
 LICENSE AGREEMENT 
 THIS AGREEMENT made and entered into this 21st day of December, 2006, by and between

 On one side, [**********] CONFIDENTIAL TREATMENT REQUESTED having address at FUNDACION FATRONIK, with a registered office in Paseo
Mikeletegi, 7 Parque TecnolOgico MiramOn, E-20009, Donostia-San Sebastian, (Spain). 
 On the other, [**********] CONFIDENTIAL TREATMENT REQUESTED,
having address at Adept Technology GmbH, Otto-Hahn-Str. 23, D – 44227 Dortmund, Germany. 
 The first, in the name and on behalf of FUNDACION
FATRONIK, with a registered office in Paseo Mikeletegi, 7 Parque TecnolOgico MiramOn, E20009, Donostia-San Sebastian, (Spain) (hereinafter, “LICENSOR”) 
 And the second, in the name and on behalf of ADEPT TECHNOLOGY INC, a corporation organized and existing under laws of California, with a registered office in 3011 Triad Drive, Livermore, California, USA,
(hereinafter LICENSEE). 
 Both parties mutually acknowledge their capacity for the present license agreement 
  
 [ ********** ] CONFIDENTIAL INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN
UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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 WHEREAS 
  

	I.	Both parties develop, license and sell products and technology in the robot and packaging industry. 

  

	II.	Licensor has developed a Parallel Robot (PAR 4 concept), hereinafter QUICKPLACER ROBOT. 

  

	III.	LICENSOR has filed a PCT application to patent the QUICKPLACER ROBOT, hereinafter the APPLICATION, enclosed in SCHEDULE I hereto. 

  

	IV.	LICENSEE is interested in obtaining a license of the aforementioned patent application and the related technology, in order to manufacture a standard product to be sold in the
Territory specified in the present agreement. 

 NOW THEREFORE, LICENSOR and LICENSEE agree as follows: 
 FIRST,-OBJECT OF THE AGREEMENT 
  

	1.1	LICENSOR agrees to grant and does hereby grant to LICENSEE a [**********] LICENSE in respect of the patent application to manufacture, market, sell and service the QUICKPLACER
ROBOT[**********] CONFIDENTIAL TREATMENT REQUESTED. 

  
 [
********** ] CONFIDENTIAL INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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	1.2	The rights and obligations herein will also be applicable to the patents obtained as a result of the patent application which shall be listed in SI-LEDULE II hereto. Any such
patents shall be subject to all of the terms and conditions of this agreement. 

  

	1.3	Furthermore, the license shall include all Know How and technical information that LICENSOR presently owns or has available, or that he will own or have available in the future,
regarding the development, production and operation of the QUICKPLACER ROBOT. 

  

	1.4	LICENSEE shall be free to waive his right to exclusivity with respect to one or more countries at any time. 

 SECOND.- TERRITORY[**********] CONFIDENTIAL TREATMENT REQUESTED 
 THIRD.- EFFECTIVE DATE AND DURATION 
  

	3.1	The present Agreement shall enter into force at the date of its execution by the parties. 

  

	3.2	The present Agreement shall have an initial term of SIX YEARS which shall be automatically renewed for further one-year periods unless either party serves express notice of
termination by writing, six months before the end of the initial term or any of the extensions thereof. 

  
 [ ********** ] CONFIDENTIAL INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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 FOURTH.- EXCLUSIVITY 
  

	 4.1
	 In return for the exclusivity granted, LICENSEE undertakes to sell a minimum quantity of the QUICKPLACER ROBOT
[**********] CONFIDENTIAL TREATMENT REQUESTED. Introduction of the QUICKPLACER ROBOT in the market in every country shall take place no later than July 1St 2007. 

 4.2-4.5 [**********] CONFIDENTIAL TREATMENT REQUESTED  
  

	4.6	...unless LICENSEE pays — with respect to countries of his choice — the difference in license fees so that LICENSOR has received license fees as if the minimum sales
numbers had been achieved. 

  

	4.7	...unless LICENSEE pays — with respect to countries of his choice — the difference in license fees so that LICENSOR has received license fees as if the minimum sales
numbers had been achieved. 

  

	4.8	...unless LICENSEE pays — with respect to countries of his choice — the difference in license fees so that LICENSOR has received license fees as if the minimum sales
numbers had been achieved. 

  
 [ ********** ] CONFIDENTIAL
INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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 FIFTH.- CONSIDERATION 
  

	5.1	In consideration for the present Agreement LICENSEE shall pay to LICENSOR an initial amount of 150,000 USD in cash. The payment will be due according the following schedule:

  

	 	•	 	 Date of execution of the contract: 50,000 US$ 

  

	 	 •
	 	 1ST February
2007: 50,000 US$ 

  

	 	 •
	 	 Manufacturing release and delivery of 1st revenue production unit (1st July 2007): 50,000 US$ 

  

	5.2	In addition, LICENSEE shall pay to LICENSOR 

 5.2.1-3
[**********] CONFIDENTIAL TREATMENT REQUESTED  
  

	5.4	Payment of ongoing royalties will be on a quarterly basis by transfer to the bank account of the LICENSOR. 

  

	5.5	LICENSEE shall provide LICENSOR with a written report on a quarterly basis specifying: 

 the number of units of QUICKPLACER ROBOTS sold in the previous quarter in every country, 
  

	 	•	 	 the net sales during such period, and 

  

	 	•	 	 a calculation of the royalties due based thereon no later than four weeks after a given quarter is over. 

  
 [ ********** ] CONFIDENTIAL INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN
UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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	5.6	LICENSOR shall invoice the royalties to LICENSEE in sixty days payment terms. 

  

	5.7	Failure to comply with timely payment will result in the obligation of LICENSEE to pay interests at the legal rate per annum tom the date such royalty was due until the date of such
remittance. 

  

	5.8	Once a year and upon fifteen days’ notice to LICENSEE, LICENSOR shall have the right to audit the books and records of the LICENSEE by a qualified accountant selected by
LICENSOR, to the extent necessary to verify LICENSEE’s effected sales and payments of royalties. Such records shall be made available to LICENSOR’s accountant at LICENSEE’s designated office. LICENSEE will cooperate with and assist
the accountant for the purpose of facilitating such audit. All copies and extracts shall remain confidential and shall not be disclosed to any third party. Access to such books and records shall be granted at the request of LICENSOR until one year
after the expiry of the Agreement. 

  

	5.9	If as a result of such audit, LICENSOR’s accountant determines that the amount of royalties due was greater than the amount reported by LICENSEE in the quarterly statement
provided pursuant to this agreement, LICENSOR shall promptly furnish to LICENSEE a copy of the report of its accountant setting forth the amount of deficiency showing and the basis upon which such deficiency was determined. LICENSEE shall promptly
remit to LICENSOR a sum equal to the deficiency claimed, from the date such royalty was due until the date of such remittance. If the audit reveals the underpayment of more than 10% of the royalties due in any quarterly period, LICENSEE shall bear
the costs of the audit. 

  

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	5.10	The rights to all products and Know How regarding the QUICKPLACER ROBOT including new developments and Improvements, shall automatically be assigned and transferred to LICENSEE in
case LICENSOR becomes subject to insolvency or liquidation proceedings. Should LICENSOR assign or otherwise transfer any of the patents or rights to the Know How to a third party, then LICENSEE’ s right hereunder shall continue to exist in
full. 

  

	5.11	LICENSEE may market and sell the QUICKPLACER ROBOT under its own brand name and with LICENCEE’s logo and trademark/s. 

 SIXTH.- COSTS 
  

	6.1	The costs derived from the application, proceedings and keeping the patent in force in every new designated country shall be divided equally between the parties.

  

	6.2	The costs derived from the application, proceedings and keeping the patent in force in Europe, USA and Canada will be carried by LICENSOR 

  

	6.3	The costs derived from the application, proceedings and keeping the patent in force in [**********] CONFIDENTIAL TREATMENT REQUESTED will be divided equally between parties.

  

	6.4	The costs derived from the application, proceedings and keeping the patent in force in [**********] CONFIDENTIAL TREATMENT REQUESTED will be divided equally between parties.

  

	6.5	[**********] CONFIDENTIAL TREATMENT REQUESTED  

  
 [ ********** ] CONFIDENTIAL INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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 SEVENTH.- ENGINEERING SUPPORT 
  

	7.1	During the production period, which is assumed to take six months since the execution of the present agreement, LICENSOR shall provide LICENSSE with the following engineering
support and assistance at LICENSOR’s expense: 

  

	 	•	 	 Two engineers will provide support on frame design and general design. 

  

	 	•	 	 One engineer to review designs, perform dynamic and structural analysis. 

  

	7.2	LICENSEE shall provide LICENSOR with a project plan that may be changed at LICENSEE’S discretion to better meet schedules. 

  

	7.3	The above mentioned personnel shall be dedicated to the production of the QUICKPLACER ROBOT and shall work according to the above-mentioned plans and schedules and following
LICENSEE’s directions. 

  

	7.4	LICENSEE shall pay for the travel expenses of the above-mentioned personnel whereas LICENSOR shall bear the living expenses, should a displacement to Livermore, California, he
necessary. 

  

	7.5	Moreover, LICENSOR shall provide 2-3 current or slightly modified prototype robot arms to LICENSEE at a reasonable cost and BOM with pricing provided LICENSEE specifies what
components are required. 

  

	7.6	LICENSOR shall provide a current prototype of the QUICKPLACER ROBOT for the trade show taking place in Chicago as well as one engineer to support it. 

  

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 EIGHTH.- INTELLECTUAL PROPERTY 
  

	8.1	SCHEDULE II hereto contains a complete and correct list of all the patent applications and/or patents concerning the QUICKPLACER ROBOT owned LICENSOR. 

  

	8.2	LICENSOR is the owner of the patent application(s) which is free and clear of any and all mortgages, liens, security interest and charges and no person or entity has or shall have
any claim of ownership with respect to the application. 

  

	8.3	LICENSOR has not previously assigned or transferred the patent application(s), and has not granted to any third party any license with respect to the patent application(s) in any
manner. 

  

	8.4	LICENSOR shall remain the owner of any and all know how, confidential information form, documents, performance specifications, prototypes, computer simulation models, current
mechanism drawings, patents lists and documents or any other material or documents that he provides the LICENSEE with for the execution of the agreement. 

  

	8.5	LICENSOR shall be able to recover at any time the information, documents and materials provided during the term of the agreement and in any case, at the end of the agreement.

  

	8.6	LICENSOR shall be the owner of the original QUICKPLACER ROBOT design. LICENSEE shall be the owner of all improvements to the original design. In any case, royalties to LICENSOR
shall be paid based on the final design including improvements LICENSEE will engineer into the ROBOT. 

  

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	8.7	LICENSOR, to the best of his knowledge, declares that as of the date on which this Agreement is executed, he has no reason to believe that the patent applications or the patents
will infringe upon third parties’ rights and that he is not aware of any actions or has reason to believe that third parties might take actions to dispute or question the validity of the patent applications or the patents.

  

	8.8	LICENSEE shall be and remain the owner of any and all Know How and intellectual property owned or created by LICENSEE before or during the term of this Agreement and LICENSOR shall
not be entitled to disclose or sublicense it to third parties without prior written consent of LICENSEE. 

 NINTH.- CONFIDENTIALITY

  

	9.1	During the term of this agreement and for a term of 3 years following termination, each party shall keep confidential, and shall not use or disclose, directly or indirectly any
confidential information, or any knowledge, information, documents or materials in any form developed pr possessed by the other party. 

  

	9.2	Each party shall take all commercially reasonable steps and measures to protect confidential information, to prevent an unauthorised use and disclosure of such information and to
prevent unauthorised persons or entities from obtaining or using such information. 

  

	9.3	Each party may disclose such information to its employees to the extent necessary to enable such party to perform its obligations hereunder, provided that such officers and
employees have entered into an appropriate confidentiality agreement for secrecy and non-use. Each party shall be liable for any unauthorised use and disclosure of such information by its officers and employees. 

  

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	9.4.	For the purpose of this Agreement, confidential information means all, financial, technical, operational, commercial, staff management and other information, data and know how which
is directly or indirectly disclosed by either party. This shall not apply to information of which either party can show that it: 

 a) 
 was already in the public domain at the time of disclosure or entered the public domain thereafter without any act or failure
to act by the respective party, or 
 b) 
 was already known to the respective party at the time of the disclosure and had not previously been obtained by it either directly or indirectly from the other party, or 
 c) 
 was after the disclosure made accessible
to the respective party by a third party having no obligation of secrecy to the other party with respect thereto. 
 d) 
 was independently developed by the receiving party without a breach of this Agreement. 
  

	9.5	LICENSEE undertakes not offer an employment to any of LICENSOR’s employees without LICENSOR’s prior written consent. 

  

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 TENTH.- PRICING 
  

	10.1	LICENSOR will be part of a JV company, hereinafter JV. 

  

	10.2	LICENSEE shall apply a [**********] CONFIDENTIAL TREATMENT REQUESTED pricing to LICENSOR based on LICENCEE’s [**********] CONFIDENTIAL TREATMENT REQUESTED.

  

	 	d)	10.2.1-2 [**********] CONFIDENTIAL TREATMENT REQUESTED  

 ELEVENTH.- OPTION TO PURCHASE THE PATENTS 
  

	11.1	LICENSOR grants LICENCEE an option to purchase the patent rights regarding the QUICKPLACER ROBOT indicated in SCHEDULE 2 hereto that may be in force at the time of purchase.

  

	11.2	LICENSEE shall exercise this option during the first 6 YEARS after the execution of the present contract by providing written notice thereof to LICENSOR. 

 

	11.3	The purchase price of the patent/s listed in SCHEDULE 2 hereto shall be             [**********] CONFIDENTIAL
TREATMENT REQUESTED 

 TWELF’T’H.- INFRINGEMENT OF RIGHTS, INDEMNIFICATION 
  

	12.1	Each party shall notify the other promptly of any actual or threatened infringement, imitations or any other use of the patents of which they become aware in order to jointly decide
whether to take legal action against the infringer. 

  
 [
********** ] CONFIDENTIAL INFORMATION MARKED BY BRACKETS HAS BEEN OMITTED AND AN UNREDACTED VERSION FILED SEPARATELY WITH THE SEC PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
  

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	12.2	Failing to reach an agreement, LICENSOR shall, upon request made by LICENSEE and in line with LICENSEE’s instructions, file actions against the infringement of the patent
rights, and LICENSEE shall bear the costs deriving from such action. If the involvement of the other party should be necessary for legal reasons in any country, then that party shall become involved, and the party interested in the proceedings shall
bear all costs and expenses, receiving any compensation awarded. 

  

	12.3	The same rule shall apply in the event of the validity of the patents being challenged. 

  

	12.4	LICENSOR hereby indemnifies and holds LICENSEE harmless against any and all actions, suits, claims, or demands whatsoever, including any losses, damages, costs and expenses
including reasonable attorneys’ fees connected therewith, which it may incur or as to which it may become liable to pay by reason of any action, claim, suit, or demand for infringement of intellectual property rights because of the manufacture,
use, sale or maintenance of PRODUCTS, provided that LICENSOR shall be promptly notified of any such action, suit, claim, or demand, and shall have a full right and opportunity to defend such action, claim, suit or demand. Also, LICENSOR shall at all
times indemnify, defend and hold LICENSEE harmless from any losses, damages, costs and expenses including reasonable attorneys’ fees sustained by, including, but not limited to, LICENSEE (including its subcontractors), purchasers, customers
and/or end-users of the PRODUCTS, or any person/entity arising out of any claim, suit or action alleging defect in PRODUCTS as a result of any inaccurate, erroneous or incomplete technical information received from LICENSOR. In all respects,
LICENSOR’s and LICENSEE’s responsibility shall be limited to damages that were caused intentionally or by gross negligence, and the amount of compensation shall in all cases be limited to such damages which may typically and foreseeably
occur in the context of a contract like this AGREEMENT and in the course of its performance. 

  

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 THIRTEENTH.- EFFECTS OF THE AGREEMENT 
  

	13.1	The present Agreement is binding upon the contracting parties and their successors in title. 

  

	13.2	The present Agreement is made in view of the circumstances of LICENSEE and the latter may not, therefore assign the rights and obligations arising from this Agreement nor grant a
sublicense without the prior written consent of LICENSOR. LICENSEE shall at all times be free to assign his rights under this Agreements, whether in part or in total, to an affiliated company or a JV company in which LICENSEE holds shares.

 FOURTEENTH.- CONTRACT TERMINATION AND EFFECTS 
  

	14.1	The present agreement shall be terminated: 

  

	 	•	 	 If both parties so agree 

  

	 	•	 	 Upon expiry of the term of the agreement. 

  

	 	•	 	 Upon a material breach of any of the contractual obligations herein set forth. 

  

	 	•	 	 Upon termination and/or invalidity of the patent/s for any cause or rejection of the patent application/s. Invalidity in a specific jurisdiction shall not affect
the validity of the Contract in other countries. 

  

	 	•	 	 If either party should file a petition for suspension of payments or in bankruptcy, its liquidation or dissolution is decreed, or it comes under some form of
receivership. 

  

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	14.2	If either party fails to perform any of the obligations herein contained, the aggrieved party may, by notice, request the other party to put right such failure within thirty days.
The agreement shall only be terminated if the failure is not remedied within such period. 

  

	14.3	Upon teimination of the agreement for any cause, all its effects shall expire and LICENSEE shall cease from the use of the patent application or registration. If and when one or
more of the reasons for termination set forth in the last two bullet points of Sect. No. 1 applies, the right of LICENSEE to manufacture, distribute and sell the QUICKPLACER ROBOT in the particular jurisdiction(s) and to make use of the
Know-How acquired in the course of performing this Agreement, shall thereby not be affected. 

  

	14.4	LICENSOR shall not be held responsible in the event of termination of the agreement due to the refusal of the patent application or the invalidity of the patent in any jurisdiction,
nor shall be obliged to return any sums received during the term of the agreement. 

  

	14.5	LICENSEE guarantees that no information received by LICENSOR will be used , directly or indirectly, to develop a product that may infringe LICENSOR’ s patent rights and/or
rights resulting from patent applications. 

 FIFTEENTH.- GOVERNING LAW AND JURISDICTION 
  

	15.1	This agreement shall be performed and interpreted in accordance with the Laws of Switzerland. The original version is in English language and any translation is being provided for
interpretation purposes only. In the event of a conflict of interpretation of the present contract, the English version shall prevail. 

  

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	15.2	Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by
arbitration under the Rules of the International Chamber of Commerce in Paris (“ICC”), which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be one. The seat, or legal place, of
arbitration shall be London. The language to be used in the arbitral proceedings shall be English. The governing law of the contract shall be the substantive law of Switzerland. 

 SIXTEENTH.- MISCELLANEOUS PROVISIONS 
  

	16.1	Any modification of this Agreement shall he made in writing signed by the parties and shall clearly express the intention to amend. 

  

	16.2	The invalidity of any clause or sub-clause or a part thereof in this agreement shall not affect the continuing enforceability and validity of the remaining provisions.

  

	16.3	Should LICENSOR cease to exist, the patent rights as listed in Schedule II to this Agreement shall, to the extent they are still in force, automatically pass to LICENSEE. In the
event that prior to such occurrence the patent rights have been transferred or assigned to a third party, such third party shall be bound by this Agreement in all respects. 

  

	16.4	Failure to enforce or waiver of any clause herein contained at any time by either party shall not affect the enforceability of such clause or be construed as a waiver of such clause
to a future date. 

  

	16.5	NOTICES AND THEIR LANGUAGE 

  

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	 	16.5.1	Any notice or other communication under or in connection with this Agreement shall be in writing and shall be delivered personally, or sent by courier or fax transmission (to be
affirmed in writing) to the following addresses: 

  

			
	 For the LICENSOR:
	  	 FUNDACION FATRONIK
 Paseo Mikeletegi
 7 Parque Tecnologico Miramon
 E – 20009 Donostia-San
Sebastian

		
	Facsimile:	  	
		
	For the LICENSEE:	  	 ADEPT TECHNOLOGY INC.
 3011 Triad
Drive

		
	 Facsimile:
	  	 USA – Livermore, California
 +1.925.245.3510

	
	A copy should be sent by fax transmission to
		
		  	 Adept Technology GmbH
 Otto-Hahn-Str. 23
 D – 44227 Dortmund
 Germany
 +49 231 75894-50

		
	Facsimile:	  	

 Or to such other addresses as the recipient may notify or may have notified in writing. 

Proof of posting or dispatch of any notice or communication to the Borrower shall be deemed to be proof of receipt in the case of a letter, on the
seventh business day in the country of receipt after posting and in the case of a fax transmission or cable on the business day in the country of receipt immediately following the date of its dispatch. 
  

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	 	16.5.2	Any notice or other communication under or in connection with this Agreement shall be in the English language or, if in any other language, accompanied by a translation into
English. In the event of any conflict between the English text and the text in any other language, the English text shall prevail. 

 In WITNESS WHEREOF, the parties hereto, confirming, ratifying and accepting the contents hereof, have hereunto affixed their signatures on the date first above written. 
  

					
			
	/s/ Adept Technology GmbH	 		 	/s/ Fatronik
	 Adept Technology Inc.
 3011 Triad Drive,
 Livermore, CA 94551
 USA
	 		 	 Fatronik
 Paseo Mikeletegi, 7 – Parque
Tecnologico
 E-20009 Donostia – San Sebastian
 Spain

  

 18

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