Document:

Exhibit

EXHIBIT 10(c)
CUMMINS INC. DEFERRED COMPENSATION PLAN

Amended and Restated as of January 1, 2014 
with amendments through July 2014
and amendments through February 2015

TABLE OF CONTENTS
Page
ARTICLE I RESTATEMENT AND PURPOSE    1
		
	Section 1.01
	History and Restatement    1

		
	Section 1.02
	Application of Restatement    1

		
	Section 1.03
	Purpose    1

		
	Section 1.04
	Grantor Trust    1

ARTICLE II DEFINITIONS AND INTERPRETATION    1
		
	Section 2.01
	Definitions    1

		
	Section 2.02
	Rules of Interpretation    6

ARTICLE III PARTICIPATION    6
ARTICLE IV DEFERRAL AND DISTRIBUTION ELECTIONS    6
		
	Section 4.01
	Deferral of Compensation    6

		
	Section 4.02
	Initial Deferral Election    7

		
	Section 4.03
	Annual Deferral Elections    7

		
	Section 4.04
	Elections to Defer Longer-Term Performance Plan Payouts    7

		
	Section 4.05
	Election of Form and Timing of Payment    8

		
	Section 4.06
	Election Changes    8

		
	Section 4.07
	Special Transition Period Elections    8

ARTICLE V PARTICIPANT ACCOUNTS    8
		
	Section 5.01
	Establishment of Accounts    8

		
	Section 5.02
	Crediting of Deferrals    8

		
	Section 5.03
	Crediting of RSP True Up Matching Credits    8

		
	Section 5.04
	Investment Options    9

		
	Section 5.05
	Crediting of Earnings    9

		
	Section 5.06
	Charge for Distributions    9

ARTICLE VI DISTRIBUTION OF ACCOUNTS    9
		
	Section 6.01
	Distribution on Designated Benefit Commencement Date    9

		
	Section 6.02
	Distribution Upon Termination of Employment for Reasons other than Retirement    9

		
	Section 6.03
	Distribution Upon Death    10

		
	Section 6.04
	Distribution on Account of Unforeseeable Emergency    10

		
	Section 6.05
	Distribution on Account of Change of Control    10

		
	Section 6.06
	Delay in Payment for Specified Employees    10

		
	Section 6.07
	Designating a Beneficiary    10

ARTICLE VII ADMINISTRATION OF PLAN    11

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	Section 7.01
	Powers and Responsibilities of the Administrator    11

		
	Section 7.02
	Indemnification    12

		
	Section 7.03
	Claims and Claims Review Procedure    12

ARTICLE VIII AMENDMENT AND TERMINATION    13
ARTICLE IX MISCELLANEOUS    14
		
	Section 9.01
	Obligations of Employer    14

		
	Section 9.02
	Employment Rights    14

		
	Section 9.03
	Non-Alienation    14

		
	Section 9.04
	Tax Withholding    14

		
	Section 9.05
	Other Plans    14

		
	Section 9.06
	Liability of Affiliated Employers    14

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ARTICLE I 
RESTATEMENT AND PURPOSE
Section 1.01    History and Restatement.  Cummins Inc. established the Cummins Engine Company, Inc. 1994 Deferred Compensation Plan ("Plan"), effective February 1, 1994, and it has amended and/or restated the Plan on several occasions since that time.  The Company restated the Plan effective January 1, 2008 to comply with the requirements of the final regulations under Code Section 409A and to change the name of the Plan to the Cummins Inc. Deferred Compensation Plan (the “2008 Restatement”), and restated the Plan again effective as of October 15, 2012 and January 1, 2014.  By this restatement, which is effective as of January 1, 2016 (the “Restatement Effective Date”), the Company amends the Plan to incorporate certain changes to the terms of the Plan.
Section 1.02    Application of Restatement.  The 2008 Restatement applied, effective January 1, 2008, to all amounts deferred or vested under the Plan after 2004 and any earnings credited with respect to such amounts.  None of the 2008 Restatement, this restatement nor any interim restatement applies to any amount deferred and vested as of December 31, 2004, or any earnings credited under the Plan with respect to such amounts (together, "Grandfathered Amounts"), and Grandfathered Amounts shall continue to be governed by the terms and conditions of the Plan without regard to the 2008 Restatement, this restatement or any interim restatement; provided, however, the person or persons entitled to receive any remaining portion of a Participant's Accounts after his death shall be determined pursuant to this restatement, provided that the Participant's death occurs after 2004.
Section 1.03    Purpose.  The Plan is intended to constitute an unfunded plan maintained by the Employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees within the meaning of Sections 201, 301, and 401 of ERISA.
Section 1.04    Grantor Trust.  The Company has established a grantor trust to hold assets for the provision of certain benefits under the Plan as well as other employee benefits.  Assets of the Trust are subject to the claims of the Employer's general creditors, and no Participant shall have any interest in any assets of the Trust or an Employer other than as a general creditor of the Employer.
ARTICLE II     
DEFINITIONS AND INTERPRETATION
Section 2.01    Definitions.  When the first letter of a word or the words in a phrase are capitalized herein, the word or phrase shall have the meaning specified below:
(a)    "Account" means the bookkeeping account established to reflect a Participant's interest under the Plan attributable to amounts deferred pursuant a specific deferral election and related RSP true up matching credits under Section 5.03.  The Administrator shall maintain a separate Account with respect to amounts deferred pursuant to all deferral elections made with respect to a single year and any related RSP True Up Matching Credits.  Where the context so permits, the term "Account" means the amount credited to such bookkeeping account.

(b)    "Administrator" means the Company's Benefits Policy Committee or such other person that the Board designates as Administrator.  To the extent that the Administrator delegates a duty or responsibility to an agent, the term "Administrator" shall include such agent.
(c)    "Affiliated Employer" means (i) a member of a controlled group of corporations (as defined in Code Section 414(b)) of which the Company is a member or (ii) an unincorporated trade or business under common control (as defined in Code Section 414(c)) with the Company.
(d)    "Affirmation of Domestic Partnership" means an Applicable Form for affirming the relationship between a Participant and his Domestic Partner.
(e)    "Alternate Payee" has the meaning set out in ERISA Section 206(d)(3)(K).
(f)    "Applicable Form" means a form provided by the Administrator for making an election or designation under the Plan.  To the extent permitted by the Administrator, an Applicable Form may be provided and/or an election or designation made electronically.
(g)    "Beneficiary" means the person or persons entitled to receive a Participant's remaining Accounts, if any, after his death.  A Participant's Beneficiary shall be determined as provided in Section 6.07.
(h)    "Benefit Claim" means a request or claim for a benefit under the Plan, including a claim for greater benefits than have been paid.
(i)    "Benefit Commencement Date" means the date as of which distribution of an Account begins or is paid, if payable as a lump sum, as determined under Section 6.01.
(j)    "Board" or "Board of Directors" means the Company's Board of Directors or, where the context so permits, its designee.
(k)    "Change of Control" means the occurrence of any of the following:
(1)    there shall be consummated (A) any consolidation or merger of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of the Company’s common stock would be converted in whole or in part into cash or other securities or property, other than a merger of the Company in which the holders of the Company’s common stock immediately before the merger have substantially the same proportionate ownership of common stock of the surviving corporation immediately after the merger, or (B) any sale, lease, exchange, or transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company, or
(2)    the liquidation or dissolution of the Company, or
(3)    any ‘person’ (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Securities Exchange Act of 1934, as amended (“Exchange Act”)), other than the Company or a subsidiary thereof or any employee benefit plan sponsored by the Company or a subsidiary thereof or a corporation owned, directly or indirectly, by the shareholders of the 

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Company in substantially the same proportions as their ownership of stock of the Company, shall become the beneficial owners (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company representing 30% or more of the combined voting power of the Company’s then outstanding securities ordinarily (and apart from rights accruing in special circumstances) having the right to vote in the election of directors, as a result of a tender or exchange offer, open market purchases, privately negotiated purchases, or otherwise, or
(4)    at any time during a period of two consecutive years, individuals who at the beginning of such period constituted the Board of Directors shall cease for any reason to constitute at least a majority thereof, unless the election or the nomination for election by the Company’s stockholders of each new director during such two-year period was approved by a vote of at least two-thirds (2/3) of the directors then still in office who were directors at the beginning of such two-year period, or
(5)    any other event shall occur that would be required to be reported in response to Item 6(e) (or any successor provision) of Schedule 14A or Regulation 14A promulgated under the Exchange Act.
Notwithstanding the preceding provisions, an event or series of events shall not constitute a Change of Control with respect to a Participant unless the event or series of events qualifies as a change in the ownership or effective control of the corporation or in the ownership of a substantial portion of the assets of the corporation within the meaning of Code Section 409A(a)(2)(A)(v).
(l)    "Code" means the Internal Revenue Code of 1986, as amended from time to time.
(m)    "Company" means Cummins Inc.
(n)    "Denial" or "Denied" means a denial, reduction, termination, or failure to provide or make payment (in whole or in part) of a Plan benefit. 
(o)    "Designated Benefit Commencement Date" means, with respect to an Account, the date elected by an Eligible Employee for distribution (or commencing distribution, if payable in installments) of the Account.  Except as otherwise provided in Section 4.06, a Participant's Designated Benefit Commencement Date must be either (i) a specified Quarterly Distribution Date occurring at least two years after the end of the calendar year for which the deferral is made or (ii) a specified Quarterly Distribution Date occurring in the calendar quarter after the Participant's Retirement or one of the next following three calendar quarters.
(p)    "Designated Form" means, with respect to an Account, the form in which an Eligible Employee has elected for the Account to be distributed.  The "Designated Form" must be either (i) a single lump sum payment or (ii) annual installments beginning on the Designated Benefit Commencement Date and continuing over the next following anniversaries of such date for a designated number of years, not to exceed a total of 15 annual installments.  Each installment shall consist of a portion of the remaining Account, which shall be equal to (i) one divided by (ii) one 

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plus the number of installments remaining after the installment for which the calculation is being made.  If an Eligible Employee fails to elect the Designated Form for an Account, the Designated Form for such Account shall be a single lump sum payment.
(q)    "Domestic Partner" means a person of the same or opposite sex (i) with whom the Participant has a single, dedicated relationship and has shared the same permanent residence for at least six months, (ii) who is not married to another person or part of another domestic partner relationship and is at least age 18, (iii) who, with the Participant, is mutually responsible for the other's welfare, (iv) who, with the Participant, intends for their relationship to be permanent, (v) who is not so closely related to the Participant as to preclude marriage under state law, and (vi) for whom there is an Affirmation of Domestic Partnership on file with the Administrator.  In determining whether the requirements of clauses (i) through (v) of the preceding sentence have been satisfied, the Administrator may rely on the Affirmation of Domestic Partner filed with the Administrator.
(r)    "Domestic Relations Order" has the meaning specified in Code Section 414(p)(1)(B).
(s)    "Earnings Credit" means, with respect to an Account, the amount credited to the Account pursuant to Section 5.05.
(t)    "Eligible Employee" means, on and after the Restatement Effective Date, a common-law employee of the Employer who (i) is paid on the Employer's United States payroll, (ii) is in a compensation class of CC04 or CC05, (iii) is either (A) a citizen or legal permanent resident of the United States or (B) holds one of the following types of United States' visas:  F-1, F-2, H-1B, H-2B, H-3, H-4, L-1, O-1, O-3, or TN, and (iv) has received written notice from the Administrator that he is eligible to participate in the Plan; provided that no employee of any North American distributorship acquired by the Company in 2013 or subsequent years shall be an Eligible Employee until such time as the distributorship has been integrated, as determined by the Company in its sole discretion, into Cummins Inc.; and provided further that any individual who (a) was an Eligible Employee based on the eligibility criteria in effect immediately prior to the Restatement Effective Date and (b) became an active Participant shall be deemed an Eligible Employee so long as such individual continues to satisfy either the eligibility criteria in effect immediately prior to the Restatement Effective Date or the eligibility criteria in effect on and after the Restatement Effective Date.
(u)    "Employer" means the Company and all of its Affiliated Employers.
(v)    "ERISA" means the Employee Retirement Income Security Act of 1974, as amended from time to time.
(w)    "Fund" means an Investment Fund.
(x)    "Grandfathered Amount" has the meaning specified in Section 1.02.
(y)    "Investment Fund" means one or more funds selected by the Administrator pursuant to Section 5.04 to determine Earnings Credits. 

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(z)    "Longer-Term Performance Plan" means the Cummins Inc. Longer-Term Performance Plan, the Cummins Inc. Senior Executive Longer-Term Performance Plan, or the successor of either.  
(aa)    "Non-Grandfathered Amount" means an amount deferred under the Plan that is not a Grandfathered Amount.
(bb)    "Participant" means an Eligible Employee who has elected to make deferrals under the Plan on an Applicable Form and whose Accounts have not been fully distributed.
(cc)    "Plan" means the "Cummins Inc. Deferred Compensation Plan" as set out in this document, as amended from time to time.
(dd)    "Quarterly Distribution Date" means March 15, June 15, September 15, or December 15.
(ee)    "Retire" or "Retirement" refers to Termination of Employment after (i) reaching age 55 and completing at least five years of employment with the Affiliated Employers or (ii) completing 30 years of employment with the Affiliated Employers.
(ff)    "RSP True Up Matching Credit" means an amount credited to a Participant's Account pursuant to Section 5.03.
(gg)    "Specified Employee" means, with respect to the 12-month period beginning on the Specified Employee Effective Date, an individual who, (i) during any part of the 12-month period ending on the Specified Employee Identification Date, is in salary grade 99 or compensation class 6, or (ii) is a specified employee within the meaning of Code Section 409A(a)(2)(B)(i) and the guidance thereunder.
(hh)    "Specified Employee Effective Date" means, in the case of an Employee who Terminates Employment before December 31, 2009, the April 1 next following the Specified Employee Identification Date, and, in the case of an Employee who Terminates Employment after December 31, 2009, the January 1 next following the Specified Employee Identification Date.
(ii)    "Specified Employee Identification Date" means December 31.
(jj)    "Spouse" means, as of a Participant's Benefit Commencement Date, (i) the person to whom the Participant is married in accordance with applicable law of the jurisdiction in which the Participant resides, or (ii) in the case of an Participant not described in clause (i), the Participant's Domestic Partner.
(kk)    "Terminates Employment," "Termination of Employment," or any variation thereof means a separation from service within the meaning of Code Section 409A(a)(2)(A)(i).
(ll)    "Trust" means the grantor trust established by the Company to hold assets for the provision of certain benefits under the Plan as well as other Employer benefits.

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(mm)    "Unforeseeable Emergency" has the meaning given to such term by Code Section 409A and the guidance thereunder.  In general, the term means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant's spouse, the Participant’s beneficiary or a dependent (as defined in Code Section 152(a)) of the Participant; loss of the Participant's property due to casualty; or other similar extraordinary and unforeseeable circumstances arising from events beyond the control of the Participant.
Section 2.02    Rules of Interpretation.
(a)    The Plan is intended to comply with (i) Code Section 409A and (ii) the applicable provisions of ERISA, and it shall be interpreted and administered in accordance with such intent. Except as provided in the preceding sentence or as otherwise expressly provided herein, the Plan shall be construed, enforced, and administered, and the validity thereof determined, in accordance with the internal laws of the State of Indiana without regard to conflict of law principles and the following provisions of this Section.
(b)    Words used herein in the masculine shall be construed to include the feminine, where appropriate, and vice versa, and words used herein in the singular or plural shall be construed to include the plural or singular, where appropriate.
(c)    Headings and subheadings are used for convenience of reference only and shall not affect the interpretation of any provision hereof.
(d)    If any provision of the Plan shall be held to violate the Code or ERISA or be illegal or invalid for any other reason, that provision shall be deemed null and void, but the invalidation of that provision shall not otherwise affect the Plan.
(e)    Reference to any provision of the Code, ERISA, or other law shall be deemed to include a reference to the successor of such provision.
ARTICLE III     
PARTICIPATION
The Administrator shall notify an individual of his eligibility to participate in the Plan as soon as administratively feasible after it determines that the individual has satisfied the requirements (other than notification) for eligibility to participate.  An individual shall become an Eligible Employee upon receipt of the Administrator's notice.  An Eligible Employee shall become a Participant only after completing such forms and making such elections as the Administrator may prescribe.
ARTICLE IV     
DEFERRAL AND DISTRIBUTION ELECTIONS
Section 4.01    Deferral of Compensation.  An Eligible Employee may elect pursuant to this Article IV to defer receipt of all or a portion, as specified in the election, of his base salary, annual bonus, and/or Longer-Term Performance Plan payments that would otherwise be paid to 

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him in cash.  All elections pursuant to this Article IV shall be made by filing an Applicable Form with the Administrator.  Subject to the provisions of Section 4.06 and 4.07, elections under this Article IV shall become irrevocable (i) in the case of initial deferral elections pursuant to Section 4.02, when it is filed, or (ii) in the case of deferral elections other than initial deferral elections,  as of the last day of the applicable election period; provided, however, if the Administrator grants a Participant's request for a distribution on account of an Unforeseeable Emergency, it shall cancel the Participant's existing deferral elections.  Amounts deferred pursuant to a Participant's election shall be withheld from his cash compensation and credited to his Account as provided in Section 5.02.  The Participant's Employer shall withhold employment and other taxes with respect to the deferred amounts from the Participant's other compensation, as required by law.  If the Participant's other compensation is insufficient for that purpose, the required amounts shall be withheld by the Participant’s Employer from the amounts subject to the Participant’s deferral election or the Participant shall reimburse the Employer for the required withholding not withheld from the Participant's other compensation.
Section 4.02    Initial Deferral Election.  An individual may make a deferral election pursuant to this Section only within the enrollment period specified by the Administrator, which shall end not later than 30 days after the individual first becomes an Eligible Employee (or, if earlier, within 30 days after the date on which he first becomes eligible to participate in any other plan of an Affiliated Employer that is required to be aggregated with this Plan for purposes of Code Section 409A).  Pursuant to such election, an Eligible Employee may elect to defer (i) part or all of his base salary for services performed after the date on which his election is filed with the Administrator and/or (ii) part or all of his annual bonus for services performed in months after the date on which his election is filed with the Administrator.  For purposes of clause (ii) of the preceding sentence, the portion of an Eligible Employee's annual bonus for services performed in months after the date on which his election is filed with the Administrator shall be equal to the amount of his annual bonus multiplied by a fraction, the numerator of which is the number of full months in the calendar year occurring after the filing of the Eligible Employee's election and the denominator of which is 12.
Section 4.03    Annual Deferral Elections.  An Eligible Employee may elect to defer part or all of his base salary and/or annual bonus for services performed during a calendar year by filing an election during the enrollment period established by the Administrator, which period shall end not later than December 31 of the preceding year.
Section 4.04    Elections to Defer Longer-Term Performance Plan Payouts.  An Eligible Employee may elect to defer part or all of his cash payouts under the Longer-Term Performance Plan, provided that such election is made during the enrollment period established by the Administrator, which period shall end not later than 12 months before the end of the performance period, and such election is otherwise permitted by Code Section 409A.  Except as permitted by the preceding provisions of this Section, an Eligible Employee's election to defer part or all of his cash payouts under the Longer-Term Performance Plan must be made before the beginning of the applicable performance period.

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Section 4.05    Election of Form and Timing of Payment.  At the time a Participant makes a deferral election pursuant to Section 4.02, 4.03 or 4.04, he shall also elect a Designated Benefit Commencement Date and Designated Form for the Account to which amounts subject to the deferral are credited.
Section 4.06    Election Changes.  A Participant may, pursuant to this Section, elect to change the Designated Distribution Date and/or Designated Form for an Account, provided, however, that a Participant may make only one election pursuant to this Section with respect to an Account.  A Participant's election change pursuant to this Section shall be not be valid until 12 months after it is filed with the Administrator, and it shall be valid only if (i) it defers the original Designated Distribution Date for at least five years, and (ii) if it changes an election for payment at a specified time or pursuant to a specified schedule, it is made at least 12 months before the prior Designated Distribution Date.  In addition, if the prior Designated Distribution Date is based on the Participant’s Retirement date, the Participant's new Designated Distribution Date must be precisely five years after the prior Designated Distribution Date.
Section 4.07    Special Transition Period Elections.
(a)    A Participant was permitted to elect during the election period established by the Administrator (which shall begin no earlier than September 1, 2007, and end no later than December 31, 2007) to change his Designated Benefit Commencement Date and/or Designated Form with respect to an Account, provided that such election does not cause any amounts otherwise payable in another year to be payable in 2007 or cause any amounts otherwise payable in 2007 to be paid in a later year.
(b)    A Participant was permitted to elect during the election period established by the Administrator (which shall begin and end in 2008) to change his Designated Benefit Commencement Date and/or Designated Form with respect to an Account, provided that such election does not cause any amounts otherwise payable in another year to be payable in 2008 or cause any amounts otherwise payable in 2008 to be paid in a later year.
ARTICLE V     
PARTICIPANT ACCOUNTS
Section 5.01    Establishment of Accounts.  The Administrator shall establish a separate Account to reflect each Participant's interest under the Plan with respect to amounts deferred pursuant to all of the Participant's deferral elections made with respect to a single year.  The Administrator also shall separately account for Grandfathered Amounts and Non-Grandfathered Amounts.
Section 5.02    Crediting of Deferrals.  A Participant's deferrals shall be credited to his appropriate Account as of the payroll date on which they are withheld from his pay.
Section 5.03    Crediting of RSP True Up Matching Credits.  As a result of a Participant's deferrals under the Plan, he may not receive matching contributions that he would have received under the Cummins Inc. and Affiliates Retirement and Savings Plans ("RSP") in the absence of such election.  In such a case, to the extent determined by the Company, in its discretion, the 

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Participant's Account with respect to such deferrals may be credited with the amount of such lost matching contributions and any earnings thereon deemed appropriate by the Company.  Such credited amounts shall be subject to the same deferral elections otherwise in effect with respect to such Account.   
Section 5.04    Investment Options.  The Administrator shall, from time to time, specify the available Investment Funds, which the Administrator may prospectively change or close to new investments in its discretion.  Each Participant shall elect one or more Investment Funds to which his existing Accounts shall be allocated, in increments of 1%.  Before 2008, a Participant may change his investment election once each calendar year.  After 2007, a Participant may change his investment elections one time per month, and he may make separate investment elections with respect to his existing Accounts and future deferrals.  The sole purpose of the Investment Funds is to measure Earnings Credits to the Participant's Accounts, and there is no requirement that amounts be invested in the Investment Funds.
Section 5.05    Crediting of Earnings.  As of the end of each business day, the Administrator shall credit each Participant's Accounts with an Earnings Credit (which may be positive or negative) as provided in this Section.  Except as the Administrator otherwise determines, the Earnings Credit rate for that portion of a Participant's Accounts allocated to a fixed income Investment Fund for any day in a calendar quarter shall be based on the rate under such fixed income investment on the last day of the preceding calendar quarter.  The Earnings Credit rate for that portion of a Participant's Accounts allocated to any Investment Fund other than a fixed income Investment Fund shall be the rate of investment earnings under such Investment Fund.  Notwithstanding the preceding provisions, no Earnings Credits shall be allocated with respect to a Payment after the last business day immediately preceding that Payment (or such earlier date preceding a Payment as reasonably designated by the Administrator).  In determining the Earnings Credits, the Administrator may adopt such procedures as it deems appropriate, in its sole discretion. 
Section 5.06    Charge for Distributions.  Upon a distribution with respect to a Participant, the Participant’s appropriate Accounts shall be reduced by the amount of the distribution.
ARTICLE VI     
DISTRIBUTION OF ACCOUNTS
Section 6.01    Distribution on Designated Benefit Commencement Date.  Except as expressly provided in the following provisions of this Article, a Participant's Accounts subject to a deferral election shall be distributed in their respective Designated Forms, beginning as of their respective Designated Benefit Commencement Dates.  Amounts payable as of a date shall be paid on such date or as soon as administratively feasible (and under no circumstances more than 30 days) thereafter.  Notwithstanding the preceding provisions of this Section, if a Participant's Account on his separation from service is less than $10,000, the Designated Form for such Account shall be deemed to be a lump sum. 
Section 6.02    Distribution Upon Termination of Employment for Reasons other than Retirement.  Notwithstanding Section 6.01, and subject to Section 6.06, if a Participant Terminates Employment for a reason other than Retirement, his remaining Account balances shall be paid to 

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him (or his Beneficiary, if he is deceased) in a single lump sum payment as of the Quarterly Distribution Date occurring in the first calendar quarter beginning after his Termination of Employment; provided, however this sentence shall not result in the deferral of any amount otherwise payable under the Plan.
Section 6.03    Distribution Upon Death.  Notwithstanding Section 6.01, if a Participant dies before the distribution of his entire Account balance, his remaining Account balance shall be distributed to his Beneficiary in a single lump sum payment as of the Quarterly Distribution Date occurring in the first calendar quarter beginning after his death; provided, however, this sentence shall not result in the deferral of any amount otherwise payable under the Plan; and provided further that, if the Administrator does not receive notice of the Participant’s death and distribution under this Section 6.01 therefore does not occur at the time specified herein, no breach of the Plan shall be deemed to have occurred.
Section 6.04    Distribution on Account of Unforeseeable Emergency.  Notwithstanding Section 6.01, if a Participant demonstrates to the satisfaction of the Administrator that he has incurred an Unforeseeable Emergency, the amount reasonably necessary to satisfy the emergency need (including any amounts necessary to pay any income taxes or penalties reasonably anticipated to result from the distribution), as determined by the Administrator, shall be distributed to him as soon as administratively feasible after the Administrator’s decision; provided that, in determining whether an Unforseeable Emergency has been incurred and the amount reasonably necessary to satisfy the emergency need, the Administrator shall take into consideration, among other things, all amounts available to the Participant under the RSP (including by obtaining a loan under the RSP).  If the Administrator grants a request for withdrawal pursuant to this Section, it shall prospectively cancel the Participant's existing deferral elections, and it shall take into account the additional compensation that is available as a result of the cancellation of those elections in determining the amount reasonably necessary to satisfy the Participant's emergency need.
Section 6.05    Distribution on Account of Change of Control.  Notwithstanding Section 6.01, if a Change of Control occurs with respect to a Participant, the Participant’s remaining Accounts shall be distributed to him in a single lump sum payment on the date of such Change of Control or as soon as administratively feasible (and not more than 30 days) thereafter; provided, however, this sentence shall not result in the deferral of any amount otherwise payable under the Plan.
Section 6.06    Delay in Payment for Specified Employees.  Notwithstanding any provision of this Plan to the contrary, to the extent required by Code Section 409A(a)(2)(B)(i), distributions to a Participant who is a Specified Employee on account of his Termination of Employment for any reason other than death shall be delayed until the earliest date permitted by such section.  Payments delayed pursuant to the preceding sentence shall be increased by deemed earnings, as determined pursuant to Section 5.05, to the date on which such payments are made.
Section 6.07    Designating a Beneficiary.  
(a)    The Participant may designate a Beneficiary only by filing a completed Applicable Form with the Administrator during his life.  The Participant's proper filing of a Beneficiary designation shall cancel all prior Beneficiary designations.  If the Participant does not designate a 

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Beneficiary, or if all properly designated Beneficiaries die before the Participant, then the Participant’s Beneficiary shall be his Spouse, if living at the time of the Participant’s death, or if his Spouse is not then living, the individual(s), if any, named as the Participant’s beneficiary under his Employer-provided group life insurance program, who are living at the time of the Participant’s death or, if no such beneficiaries are then living, the Participant’s estate.
(b)    Except to the extent the Participant’s Beneficiary is the individual named as the Participant’s beneficiary under his Employer-provided group life insurance program pursuant to the preceding paragraph and such program otherwise provides, the following rules shall determine the apportionment of payments due under the Plan among Beneficiaries in the event of the Participant’s death:
		
	(1)
	If any Beneficiary designated by the Participant as a “Direct Beneficiary” dies before the Participant, his interest and the interest of his heirs in any payments under the Plan shall terminate and the percentage share of the remaining Beneficiaries designated as Direct Beneficiaries shall be increased on a pro rata basis.  If no such Beneficiary survives the Participant, then the Participant’s entire interest in the Plan shall pass to any Beneficiary designated as a “Contingent Beneficiary.” 

		
	(2)
	If any Beneficiary designated by the Participant as a “Contingent Beneficiary” dies before the Participant, his interest and the interest of his heirs in any payments under the Plan shall terminate and the percentage share of the remaining Beneficiaries designated as Contingent Beneficiaries shall be increased on a pro rata basis.  

		
	(3)
	If any Beneficiary dies after the Participant, but before payment is made to such Beneficiary, then the payment shall be made to the Beneficiary’s estate.

ARTICLE VII     
ADMINISTRATION OF PLAN
Section 7.01    Powers and Responsibilities of the Administrator.
(a)    The Administrator shall have full responsibility and discretionary authority to control and manage the operation and administration of the Plan.  The Administrator is authorized to accept service of legal process on behalf of the Plan.  To the fullest extent permitted by applicable law, any action taken by the Administrator pursuant to a reasonable interpretation of the Plan shall be binding and conclusive on all persons claiming benefits under the Plan, except to the extent that a court of competent jurisdiction determines that such action was arbitrary or capricious.
(b)    The Administrator's discretionary powers include, but are not limited to, the following:

- 11 -

(1)    to interpret Plan documents, decide all questions of eligibility, determine whether a Participant has Terminated Employment, determine the amount, manner, and timing of distributions under the Plan, and resolve any claims for benefits;
(2)    to prescribe procedures to be followed by a Participant, Beneficiary, or other person applying for benefits;
(3)    to appoint or employ persons to assist in the administration of the Plan and any other agents as it deems advisable;
(4)    to adopt such rules as it deems necessary or appropriate; and
(5)    to maintain and keep adequate records concerning the Plan, including sufficient records to determine each Participant's eligibility to participate and his interest in the Plan, and its proceedings and acts in such form and detail as it may decide.
Section 7.02    Indemnification.  The Company shall indemnify and hold harmless the Administrator, any person serving on a committee that serves as Administrator, and any officer, employee, or director of an Employer to whom any duty or power relating to the administration of the Plan has been properly delegated from and against any cost, expense, or liability arising out of any act or omission in connection with the Plan, unless arising out of such person's own fraud or bad faith.
Section 7.03    Claims and Claims Review Procedure.
(a)    In general, distributions under the Plan will be made automatically as provided in Article VI and no Benefit Claim will be necessary for a Participant to receive distributions under the Plan.  If a Participant or his designated Beneficiary believes he is entitled to a benefit under the Plan that is not provided, however, he may file a written Benefit Claim for payments under the Plan with the Administrator provided such claim is filed within 90 days of the date payments under the Plan are made or begin to be made, or the date the Participant or his designated Beneficiary believes payments should have been made, as applicable.  All Benefit Claims must be made in accordance with procedures established by the Administrator from time to time.  A Benefit Claim and any appeal thereof may be filed by the claimant or his authorized representative.
(b)    The Administrator shall provide the claimant with written or electronic notice of its approval or Denial of a properly filed Benefit Claim within 90 days after receiving the claim, unless special circumstances require an extension of the decision period.  If special circumstances require an extension of the time for processing the claim, the initial 90-day period may be extended for up to an additional 90 days.  If an extension is required, the Administrator shall provide written notice of the required extension before the end of the initial 90-day period, which notice shall (i) specify the circumstances requiring an extension and (ii) the date by which the Administrator expects to make a decision.
(c)    If a Benefit Claim is Denied, the Administrator shall provide the claimant with written or electronic notice containing (i) the specific reasons for the Denial, (ii) references to the applicable 

- 12 -

Plan provisions on which the Denial is based, (iii) a description of any additional material or information needed and why such material or information is necessary, and (iv) a description of the applicable review process and time limits.
(d)    A claimant may appeal the Denial of a Benefit Claim by filing a written appeal with the Administrator within 60 days after receiving notice of the Denial.  The claimant's appeal shall be deemed filed on receipt by the Administrator.  If a claimant does not file a timely appeal, the Administrator's decision shall be deemed final, conclusive, and binding on all persons.
(e)    The Administrator shall provide the claimant with written or electronic notice of its decision on appeal within 60 days after receipt of the claimant's appeal request, unless special circumstances require an extension of this time period.  If special circumstances require an extension of the time to process the appeal, the processing period may be extended for up to an additional 60 days.  If an extension is required, the Administrator shall provide written notice of the required extension to the claimant before the end of the original 60-day period, which shall specify the circumstances requiring an extension and the date by which the Administrator expects to make a decision.  If the Benefit Claim is Denied on appeal, the Administrator shall provide the claimant with written or electronic notice containing a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents, records, and other information relevant to the Benefit Claim, as well as the specific reasons for the Denial on appeal and references to the applicable Plan provisions on which the Denial is based.  The Administrator's decision on appeal shall be final, conclusive, and binding on all persons, subject to the claimant's right to file a civil action pursuant to ERISA Section 502(a).
(f)    Notwithstanding the foregoing claims and appeals procedures, to avoid an additional tax on payments that may be payable under the Plan, a claimant must make a reasonable, good faith effort to collect any payment or benefit to which the claimant believes he is entitled hereunder no later than 90 days after the latest date upon which the payment could have been timely made pursuant to Code Section 409A, and if not paid or provided, must take further enforcement measures within 180 days after such latest date.
ARTICLE VIII     
AMENDMENT AND TERMINATION
The Plan shall continue in force with respect to any Participant until the completion of any payments due hereunder.  The Company may, however, at any time, amend the Plan to provide that no additional benefits shall accrue with respect to any Participant under the Plan following expiration of the Participant’s irrevocable election; provided, however, that no such amendment shall (i) deprive any Participant or Beneficiary of any benefit that accrued under the Plan before the adoption of such amendment; (ii) result in an acceleration of benefit payments in violation of Code Section 409A and the guidance thereunder, or (iii) result in any other violation of Code Section 409A or the guidance thereunder.  The Company may also, at any time, amend the Plan retroactively or otherwise, if and to the extent that it deems such action appropriate in light of government regulations or other legal requirements.

- 13 -

ARTICLE IX     
MISCELLANEOUS
Section 9.01      Obligations of Employer.  The Employer's only obligation hereunder shall be a contractual obligation to make payments to Participants or Beneficiaries entitled to benefits provided for herein when due, and only to the extent that such payments are not made from the Trust.  Nothing herein shall give a Participant, Beneficiary, or other person any right to a specific asset of an Employer or the Trust, other than as a general creditor of the Employer.
Section 9.02      Employment Rights.  Nothing contained herein shall confer any right on an Participant to be continued in the employ of any Employer or affect the Participant's right to participate in and receive benefits under and in accordance with any pension, profit-sharing, incentive compensation, or other benefit plan or program of an Employer.
Section 9.03      Non-Alienation.  Except as otherwise required by a Domestic Relations Order, no right or interest of an Participant, Spouse, or other Beneficiary under this Plan shall be subject to voluntary or involuntary alienation, assignment, or transfer of any kind.  Payments shall be made to an Alternate Payee to the extent provided in a Domestic Relations Order.  To the extent permitted by Code Section 409A, payments pursuant to a Domestic Relations Order may be made in a lump sum and before the Participant's earliest retirement age (as defined by ERISA Section 206(d)(3)(E)(ii)).
Section 9.04      Tax Withholding.  The Employer or Trustee may withhold from any distribution hereunder amounts that the Employer or Trustee deems necessary to satisfy federal, state, or local tax withholding requirements (or make other arrangements satisfactory to the Employer or Trustee with regard to such taxes).
Section 9.05      Other Plans.  Amounts and benefits paid under the Plan shall not be considered compensation to the Participant for purposes of computing any benefits to which he may be entitled under any other pension or retirement plan maintained by an Employer.
Section 9.06      Liability of Affiliated Employers.  If any payment to be made under the Plan is to be made on account of a Participant who is or was employed by an Affiliated Employer, the cost of such payment shall be borne in such proportion as the Company and the Affiliated Employer agree.
This Restatement of Cummins Inc. Deferred Compensation Plan has been signed by the Company's duly authorized officer, acting on behalf of the Company, on this 13th day of July 2015.

CUMMINS INC.

By:     /s/ Jill E. Cook    __________________
Name:     Jill E. Cook
Title:     Vice President — Human Resources

- 14 -AGREEMENT

  MANUFACTURING AGREEMENT
 

 THIS MANUFACTURING AGREEMENT is made and entered into as of this 21 day of October, 2015, by and between HAVIS, INC., a corporation formed and existing under the laws of the Commonwealth of Pennsylvania, with its principal place of business at 75 Jacksonville Road, Warminster, Pennsylvania 18974 (hereinafter referred to as “Havis”), and UAS DRONE CORP., a corpora­tion formed and existing under the laws of the State of Delaware, with a principal place of business at 420 Royal Palm Way, Palm Beach, Florida  33480 (hereinafter referred to as “UAS”).
 

 ARTICLE 1 RECITALS
 

 THIS AGREEMENT is made with reference to and based upon the following facts and understandings:
 

 1.1
 Havis is engaged, among other things, in the business of manufacturing, distributing within the United States and exporting throughout the world certain equipment for use by police departments and law enforcement agencies.
 

 1.2
 UAS is engaged in the design and marketing of unmanned aerial vehicles.
 

 1.3
 Havis and UAS are desirous of entering into a business relationship with each other whereby during the "Term" (as defined elsewhere herein) of this Agreement, Havis shall manufacture certain unmanned aerial vehicles to be purchased by UAS pursuant to this agreement and then to be marketed and distributed pursuant to a Distribution Agreement entered this date (a copy of which is attached hereto and made a part hereof, hereinafter the “Distribution Agreement”), and which are defined therein and referred to in this Agreement as “Commercial Systems”.
 

 NOW, THEREFORE, in consideration of the mutually valuable promises, representations, warranties, conditions and restrictions contained herein or referred to herein either as recitals or attachments hereto, the parties hereto hereby agree as follows:
 

 ARTICLE 2 MANUFACTURING SERVICES
 

 2.1
 Work. UAS hereby engages Havis to perform the work (hereinafter “Work”). “Work” shall mean to assist in design and engineering, procure appropriate materials and to manufacture, assemble, and test unmanned aerial vehicles (hereinafter “Commercial Systems”) pursuant to detailed written Specifications. Except as otherwise agreed to in writing by UAS, all Work will be performed at the Havis facility.  The “Specifications” for each Commercial Unit or revision thereof, shall include but are not limited to bill of materials, designs, schematics, assembly drawings, process documentation, test specifications, current revision number, and approved vendor list. The Specifications shall be provided by UAS and UAS represents and warrants that the Specifications shall comply with all applicable statutes and regulations promulgated by any federal, state or local entity, including without limitation, the U.S. Department of Homeland Security and the Federal Aviation Administration.  The Specifications are incorporated herein by reference as Exhibit 1. In case of any conflict between the Specifications and this Agreement, this Agreement shall prevail. 
 

 

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 768420.3
 

 
 
 (a)
 UAS shall assist manufacturing in all reasonable manners, and shall locate a research and development technician at Havis’ facility for reasonable periods of time subject to the mutual agreement of the parties.
 

 (b)
 All Commercial Systems shall be branded under the trade name Havis.
 

 (c)
 Havis shall be responsible for the development and manufacturing of all vehicle mounting equipment, which Havis may sell directly to any third party or other end user provided such unit is not manufactured as part of the drone platform.
 

 2.2
 Engineering Changes. UAS may request that Havis incorporate engineering changes into the Commercial Systems by providing Havis with a description of the proposed engineering change sufficient to permit Havis to evaluate its feasibility and cost. Havis will proceed with engineering changes when the parties have agreed upon the changes to the Specifications, delivery schedule and Commercial Systems pricing and UAS has agreed to the implementation costs. 
 

 2.3
 Tooling. Havis shall be responsible for or obtain product-specific tooling, machinery and other capital expenses and shall be the exclusive owner of all such tooling,  machinery, equipment, and/or other capital assets.
 

 2.4
 Exclusivity. Provided Havis is not in breach of this Agreement, UAS shall not contract with any other person or entity to manufacture Commercial Systems.  Provided that UAS is not in breach of this Agreement, Havis shall not contract with any other person or entity to manufacture for them commercial drone systems.  
 

 2.5
 Term. Unless terminated earlier as provided elsewhere herein, the Term of this Agreement shall be for a period of five (5) years, commencing on October 21, 2015, and ending on October 31 2020. Thereafter, the Term shall be automatically extended for successive three (3) year terms (hereinafter referred to as the “Additional Term(s)”), unless either party hereto elects not to extend the Term or any Additional Term. Such election not to extend the Term or any Additional Term shall be a right of each party hereto and neither party hereto shall be obligated to extend the Term or any Additional Term. In the event either party hereto elects not to extend the Term or any Additional Term, it shall give the other party a written notice thereof at least 120 days prior to the end of the Term or the then-current Additional Term.
 

 2.6
 Independent Contractor. The relationship between the parties hereto to be established pursuant to this Agreement shall not be that of a principal and an agent; it shall be that of a seller and buyer and of a manufacturer and its UAS.  Consequently, Havis shall not conclude or make any promise, agreement, representation, warranty or commitment to any third party which binds, obligates or otherwise exposes UAS to any third party in any manner not permitted hereunder, nor shall Havis otherwise act in the name of or on the behalf of UAS, except as expressly or implicitly permitted herein or in writing by an officer of UAS.
 

 2
 768420.3
 

 
 

 ARTICLE 3 FORECASTS; ORDERS; FEES; PAYMENT 
 

 3.1
 Forecast.  Havis will manufacture Commercial Systems in quantities and time frames mutually agreed upon by the parties.  
 

 UAS shall provide Havis, on a monthly basis, a rolling forecast indicating UAS’s monthly Commercial Systems requirements (each, a “Forecast”). The first three (3) months of each Forecast will constitute UAS’s written purchase order for all Work to be completed within the first three (3) month period. Havis will stock common components in quantities which are consistent with the Forecasts. Such purchase orders will be issued in accordance with Section 3.2 below. 
 

 3.2
 Purchase Orders. UAS may use its standard purchase order form for any notice provided for hereunder; provided that all purchase orders must reference this Agreement and the applicable Specifications. The parties agree that the terms and conditions contained in this Agreement shall prevail over any terms and conditions of any such purchase order, acknowledgment form or other instrument.   Havis will provide UAS with production and delivery dates at the time of order.
 

 3.3
 Purchase Order Acceptance. Purchase orders shall be deemed accepted upon receipt by Havis unless Havis provides UAS with written notice of rejection, including specific reasons for such rejection, within ten (10) days of receipt of any purchase order.  
 

 3.4
 Fees; Changes; Taxes. 
 (a) Havis will set pricing based on manufacturing and materials costs plus agreed-upon mark up for general and administrative costs, fixed overhead, variable costs, and labor associated with the unit pricing.   The foregoing will be incorporated into a pricing formula that will determine fees at the time of manufacturing.  Havis and UAS will review manufacturing overhead costs and labor rates on an annual basis.  The fees will be indicated on the purchase orders issued by UAS and accepted by Havis. 
 

 (b) The fees will be reviewed periodically by the parties. Any changes and timing of changes shall be agreed by the parties, such agreement not to be unreasonably withheld or delayed. By way of example only, the fees may be increased if the market price of fuels, materials, equipment, labor and other Commercial Systems costs increase beyond normal variations in pricing. 
 

 (c) All fees are exclusive of federal state and-local excise, sales, use, VAT, and-similar-transfer taxes, and any duties, and UAS shall be responsible for all such items. This subsection (d) does not apply to taxes on Havis’s net income. 
 

 3.5
 Payment.  UAS agrees to pay all properly and accurately prepared invoices in U.S. Dollars within thirty (30) days of the date of the invoice at the time of delivery. 
 

 3.6
 Late Payment. UAS agrees to pay interest calculated at the rate of one and one-half percent (1.5%) per month or the maximum rate permitted by law, whichever is less, on all late payments. Furthermore, if UAS is late with payments, or Havis has reasonable cause to believe UAS may  
 

 3
 768420.3
 

 
 not be able to pay, Havis may (a) stop all Work under this Agreement until assurances of payment satisfactory to Havis are received or payment is received; (b) demand prepayment for purchase orders; (c) delay shipments; and (d) to the extent that Havis’s personnel cannot be reassigned to other billable work during such stoppage and/or in the event restart cost are incurred, invoice UAS for additional fees before the Work can resume. UAS agrees to provide all necessary financial information required by Havis from time to time in order to make a proper assessment of the creditworthiness of UAS. 
 

 ARTICLE 4 SHIPMENTS, SCHEDULE CHANGE, CANCELLATION, STORAGE 
 

 4.1
 Warehousing, Shipments. 
 

 (a)
 Havis will warehouse and inventory Commercial Systems pending sale to UAS.
 

 i.
 The parties contemplate that they may enter a separate agreement whereby UAS may contract with Havis to warehouse and inventory Commercial Systems pending sale to end users; provided however, risk of loss and title shall pass to UAS upon sale to UAS by Havis.
 

 (b)
 Absent a separate agreement for Havis to warehouse and inventory Commercial Systems after sale to UAS, all Commercial Systems delivered pursuant to the terms of this Agreement shall be suitably packed for shipment in accordance with the Specifications and marked for shipment to UAS’s (or its UAS’s) destination as specified in the applicable purchase order.  Risk of loss and title will pass to UAS. All freight, insurance and other shipping expenses, as well as any special packing expenses not included in the original quotation for the Commercial Systems, will be paid by UAS. Havis shall use commercially reasonable efforts to deliver the Commercial Systems on the agreed-upon delivery dates and notify UAS of any anticipated delays. For the avoidance of doubt, UAS will be responsible for any Commercial Systems that Havis manufactures under the then-current purchase orders and Forecast and ships to UAS in accordance with the provisions of this Section, whether or not UAS (or its designated freight carrier) actually takes physical possession of such Commercial Systems. UAS’s responsibility will include reimbursing Havis for any reasonable costs or fees that Havis necessarily occurs to protect such Commercial Systems from loss, theft or damage. 
 

 4.2
 Cancellation of Orders and UAS Responsibility for Inventory. 
 

 (a) UAS may not cancel all or any portion of an accepted purchase order without Havis’s prior written approval, which, in its sole discretion, may or may not be granted. 
 

 ARTICLE 5 COMMERCIAL SYSTEMS ACCEPTANCE AND EXPRESS LIMITED WARRANTY 
 

 5.1
 Commercial Systems Acceptance. The Commercial Systems delivered by Havis will be inspected and tested as required by UAS within fifteen (15) days of receipt at the “ship to” location on the applicable purchase order. If Commercial Systems do not comply with the 
 

 4
 768420.3
 

 
 express limited warranty set forth in Section 5.2 below, UAS has the right to reject such Commercial Systems during such fifteen (15) day period. Commercial Systems not rejected during such fifteen (15) day period will be deemed accepted; provided, that acceptance of the Commercial Systems does not diminish in any way UAS’s rights or remedies under Section 5.2. UAS may return defective Commercial Systems, freight collect, after obtaining a return material authorization number from Havis to be displayed on the shipping container and completing a failure report. Rejected Commercial Systems will be promptly repaired or replaced, at Havis’ option, and returned freight pre-paid. UAS shall bear the risk of loss or damage to, as well as all shipping costs and expenses associated with, rejected Commercial Systems that have been returned to Havis, but for which no defect is found. 
 

 5.2
 Express Limited Warranties. 
 

 (a)
 Warranty.  Havis warrants to UAS that all Commercial Systems manufactured by Havis will be free from defects in material and workmanship under normal use and service. Items not covered include damage from intentional acts, fire, acts of God (hurricanes, etc.) loss, theft, cosmetic wear not affecting functionality, and modification by anyone other than an authorized Havis representative.  This warranty does not guarantee forward compatibility for any Havis product sold. The above is subject to the terms and conditions set out below (this warranty is hereinafter described as the "Warranty"). For all other products and components supplied and/or distributed by Havis ("Components"), Havis will pass through all applicable warranties directly to UAS whenever the manufacturer of such Components permits. Havis provides no direct Warranty with respect to Components.
 

 (b)
 Length of Warranty.  Havis will be obligated to honor the Warranty only if UAS informs Havis of UAS's problem with a Commercial System during three (3) years from the date of purchase (the"term") of the Commercial System. 
 

 (c)
 Sole Remedy.  Havis' sole liability for any breach of the Warranty will be to: (I) replace or repair any defective and/or non-functioning portion of the Commercial Systems; or (II) if in Havis' sole discretion the above remedy is impractical, to refund the fees paid for the defective products. Prior to receiving a replacement or refund of any products, UAS must return to Havis the defective products.
 

 (d)
 WARRANTY DISCLAIMERS.  EXCEPT FOR THE WARRANTIES EXPRESSLY SET FORTH HEREIN, WHICH ARE LIMITED WARRANTIES AND THE ONLY WARRANTIES MADE BY HAVIS, THE COMMERCIAL SYSTEMS AND COMPONENTS ARE PROVIDED STRICTLY "AS IS," AND HAVIS MAKES NO ADDITIONAL WARRANTIES, EXPRESS, IMPLIED, ARISING FROM COURSE OF DEALING OR USAGE OF TRADE, OR STATUTORY, AS TO THE COMMERCIAL SYSTEMS AND COMPONENTS PROVIDED HEREUNDER.
 

 

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 768420.3
 

 
 IN PARTICULAR, ANY AND ALL IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, SATISFACTORY QUALITY AND FITNESS FOR A PARTICULAR PURPOSE ARE HEREBY DISCLAIMED.
 

 (e)
 Terms and conditions.  Damage due to abuse, accident, mishandling, misuse, modification, or misapplication, cancels all of Havis's obligations under the Warranty. Repair of any Commercial System by any party other than Havis will invalidate the Warranty.
 

 (f)
 Shipping Requirements.  Upon notifying Havis of a Warranty related claim, Havis will, if appropriate, provide a return material authorization number ("RMA"), for the return of the Commercial System. If supplied to UAS, UAS will complete the RMA and return it to Havis along with the defective Commercial System, transportation and insurance costs prepaid. Havis is not responsible for loss or damage, which may occur in transit. Havis will ship the repaired or replaced Commercial System to the source by UPS Ground unless the UAS provides additional payment to offset express shipment charges. All Commercial System must be shipped in their original shipping containers or other solid and durable shipping container. Failure to return the defective Commercial System to Havis or to otherwise follow these procedures will invalidate the Warranty.
 

 (g)
 Additional terms.  The agents, dealers and employees of Havis are not authorized to make modifications to this Warranty, or additional warranties binding on Havis about or for Commercial Systems. Additional statements, whether oral or written, except signed written statements from an officer of Havis, do not constitute warranties and should not be relied upon.
 

 (h)
 Regardless of any other agreement between the UAS and Havis this Havis Limited Warranty will be governed and controlled in all respects by the laws of the State of Pennsylvania, including interpretation, enforceability, validity and construction, without regard to any conflict of law provisions.
 

 (i)
 No assignment of the Warranty or of any right or obligation under the Warranty will be made by UAS without the prior consent of Havis. Any assignment of the Warranty without such permission will invalidate the Warranty. Failure to provide proof of purchase to Havis upon request will invalidate the Warranty. 
 

 ARTICLE 6 INTELLECTUAL PROPERTY LICENSES 
 

 6.1
 Licenses. With respect to intellectual property owned by UAS prior to the date of this Agreement, UAS hereby grants Havis and its Affiliates a non-exclusive, non-transferable license, during the term of this Agreement, without right to sublicense, under UAS’s patents, trade secrets and other intellectual property, solely for the purpose of performing its obligations pursuant to this Agreement for UAS and solely to the extent necessary for such purpose. Any intellectual property developed jointly by the parties and/or arising from the collaboration of the parties  
 

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 768420.3
 

 
 pursuant to this Agreement, the July 31, 2015 Letter of Intent, and/or the October 21, 2015 Distribution Agreement shall be owned jointly by Havis and UAS.
 

 6.2
 No Other Licenses. Except as otherwise specifically provided in this Agreement, each party acknowledges and agrees that no licenses or rights under any of the intellectual property rights of the other party are granted or intended to be granted to such other party.
 

 6.3
 Indemnification.  Unless the parties agree in writing otherwise, the indemnification provisions of Section 3.11 of the Distribution Agreement shall govern herein.
 

 6.4
 Confidentiality.  Havis and UAS each acknowledge that in the course of performing their respective obligations under this Agreement, they and their employees, agents or consultants may be supplied with or obtain confidential and proprietary material and information concerning the other's business, including, without limitation, information concerning pricing, marketing, customers and suppliers. All such information (except for information already in the public domain or documented in the files of the non-disclosing party at the time of disclosure, or which subsequently becomes available to the public without any breach of this Section, and except for disclosures permitted in this Agreement) shall be held in strictest confidence and may not be disclosed to any third party without the prior written consent of the party to which such information belongs. Each party will take reasonable precautions including, without limitation, all precautions it takes to protect its own confidential information, to prevent any disclosure of the other's confidential information in violation of this Section. Each party may, after prior written notice to the other, disclose information on an "as needed" basis to any third party when necessary to perform its obligations hereunder, and to its lenders, accountants or lawyers; provided, however, that prior to such disclosure each person to whom disclosure will be made agrees in writing to maintain the confidentiality of such information. The obligations of each party under this Section shall survive the termination by any party of this Agreement. Havis and UAS agree that in the event of a breach of the obligations imposed by this Section, damages may not be an adequate remedy and either party shall be entitled to injunctive relief to restrain any such breach, threatened or actual.
 

 ARTICLE 7 TERMINATION
 

 7.1
 Reasons for Termination. This Agreement may be terminated as follows:
 

 A.
 Upon delivery of notice of termination of this Agreement as provided in Section 2.5 hereof;
 

 B.
 At any time upon mutual consent in writing;
 

 C.
 Upon notice by either party in the event of a breach (other than a breach or event included within subsections D or E below) by the other party of its obligations under this Agreement which remains uncorrected for sixty (60) days after written notice of such breach is given to the breaching party;
 

 D.
 By either party upon written notice of any proceeding in bankruptcy, reorganization, receivership, trusteeship or any other proceeding under law for the relief of debtors, shall be instituted respecting the other party or if the party shall have made an 
 

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 768420.3
 

 
 assignment in writing its inability to pay its debts generally as they become due or if the other party ceases to function as a going concern or fails to conduct its operations in the normal course of business;
 

 E.
 By either party upon the liquidation, termination or dissolution of the other party.
 

 7.2
 Rights and Obligations Upon Termination.
 

 A.
 Upon termination, all rights granted to Havis under or pursuant to this Agreement shall immediately cease, except as otherwise specifically provided in this Section 7.2, and the provisions which are expressed to survive this Agreement or to apply notwithstanding termination hereof shall be strictly observed by Havis.
 

 B.
 Upon termination of this Agreement, UAS shall honor all orders received and accepted by Havis prior to termination.
 

 C.
 Upon termination, Havis shall remove all signs and cease using all advertising materials relating to any of the Commercial System or to UAS and shall cease all conduct which might cause anyone to believe that Havis is authorized to sell the Commercial System. 
 

 7.3
 Codependent with Distribution Agreement.  Any valid termination of this Agreement shall also terminate the Distribution Agreement, unless both parties agree in writing that the Distribution Agreement continues in full force and effect.
 

 ARTICLE 8 MISCELLANEOUS
 

 8.1
 Force Majeure. No party to this Agreement shall be liable in any manner whatsoever for its failure to perform its obligations under this Agreement due to events beyond its reasonable control, including, but not limited to, strikes, lockouts, disagreements between management and labor, riots, wars, fire, acts of God, inability to obtain raw materials or transportation facilities, breakage of machinery or apparatus, acts in compliance with any law, regulation or order (whether valid or invalid) of the United States of America or any state thereof or any other governmental body or instrumentality thereof, vis major or any such other cause or causes. The party affected by any such condition shall use every reasonable effort to eliminate or correct the cause preventing performance and to resume performance hereunder as soon as possible.
 

 8.2
 Captions. All captions are inserted in this Agreement for convenience and shall not be utilized in construing this Agreement.
 

 8.3
 Notices.
 

 A.
 All notices, consents, demands or other communications required or permitted to be given pursuant to or in connection with this Agreement shall be in writing and shall be deemed sufficiently given when delivered personally, telexed, telecopied or cabled to the appropriate location or number specified below, or ten (10) business days after mailing if mailed, postage prepaid, registered or certified airmail, addressed as follows:
 

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 768420.3
 

 
 

 HAVIS: 
 Havis Inc.  
 75 Jacksonville Road 
 Warminster, PA 18974
 

 Copy to: 
 Timoney Knox, LLP
 Attn: Michael O'Hara Peale, Jr., Esq.  
 400 Maryland Drive  
 Fort Washington, PA 19034  
 Fax: (215) 646-0379
 

 UAS: 
 UAS Drone Corp.
 420 Royal Palm Way
 Palm Beach, FL  33480
 

 Copy to: 
 Branden Burningham, Esq
 455 East 500 South, Suite 205
 Salt Lake City, Utah  84111
 Phone:  801-363-7411
 Fax:  801-355-7126
 www.burninglaw.com 
 

 Any party may change its address or number by notifying the others in writing thereof.
 

 8.4
 Savings Clause. If any term or provisions of this Agreement or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, then the remainder of this Agreement or the application of such term or provision to persons or circumstances, other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Agreement shall be valid and be enforced to the fullest extent permitted by law.
 

 8.5
 Counterparts and Multiples. This Agreement may be executed in one or more counterparts, each of which, when executed and delivered, shall be deemed an original, and all such counter­parts, when taken together, shall constitute but one and the same instrument.
 

 8.6
 Governing Law. This Agreement shall be governed by and enforced in accordance with the substantive and procedural law of the Commonwealth of Pennsylvania. 
 

 8.7
 Arbitration.  Any controversy or claim arising out of this Agreement shall be decided finally by a panel of three arbitrators in an arbitration proceeding conducted in accordance with the rules of commercial arbitration of the American Arbitration Association. The arbitrators shall be appointed as follows: one by Havis, one by UAS, and the third by the first two arbitrators, or if they cannot agree, then a third arbitrator shall be appointed by the American Arbitration Association. The third arbitrator shall serve as the chairman of the panel and shall be neutral and unbiased. Any hearing shall take place in Bucks County, Pennsylvania. The decision of a majority of the arbitrators shall be final and conclusively binding upon the parties and shall be nonappealable, except in accordance with the foregoing rules. Judgment upon the award of the arbitrators may be entered in any court of competent jurisdiction. Each party shall bear the fees and expenses of its arbitrator, counsel and witnesses, and the parties shall share equally the fees  
 

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 and expenses of the third arbitrator. The costs of the arbitration proceeding shall be as determined in the award of the arbitrators, or in the absence thereof, shared equally by the parties.
 

 8.8
 Waivers and Modifications. No waiver shall be deemed to be made by any party hereto or of any of the rights of a party hereto unless the same shall be in writing, and this Agreement shall not be changed or modified in any respect, except by a writing signed by the parties hereto.
 

 8.9
 Waiver of Breach. Any waiver by either party hereto of the breach of any of the terms of this Agreement by the other party hereto shall not operate as or be construed as a waiver of any subsequent breach.
 

 8.10
 Entire Understanding. This Agreement, together with all agreements, documents and other instruments attached or to be attached hereto, sets forth the entire understanding between the parties hereto with regard to the subject matter of this Agreement, there being no terms, conditions, warranties or representations other than those contained herein or attached hereto.
 

 8.11
 Survival. All representations, warranties, covenants, conditions and agreements, whether expressed herein or as a part of the recitals hereto or as part of the attachments hereto, of the parties hereto contained in this Agreement shall survive execution of this Agreement.
 

 8.12
 Conflict. In the event any of the express terms and conditions of this Agreement conflict with those of any of the attachments hereto, those of this Agreement shall prevail and be deemed controlling, unless otherwise provided herein.
 

 8.13
 Implementation. Each of the parties hereto mutually agree and covenant to promptly execute and deliver, or cause to be executed and delivered, to the other party, such documents or instruments, in addition to those required by this Agreement, as the other party may reasonably deem necessary or desirable to carry out or implement any provision of this Agreement.
 

 8.14
 Assignment. Neither party shall assign its rights or duties under this Agreement to any other person, except to a purchaser of substantially all of its assets.
 

 10
 768420.3
 

 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date and at the place indicated hereinbelow.
 ATTEST: 
 HAVIS INC.
 

 By:_/s/ Chris Bernert_______________________
 By:/s/Joseph P. Bernert______________
     Secretary 
      Joseph P. Bernert, President  
 On:  _____________________________
 

 

 At:   _____________________________
 

 UAS DRONE CORP.
 

 By:_/s/David Sweeney______________________
 By:/s/Christopher Nelson_____________
     Secretary 
      Christopher Nelson, Director  
 

 On:  _____________________________
 At:   _____________________________
 

 

 11
 768420.3

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