Document:

EX-10.3

 Exhibit 10.3 

CHANGE IN CONTROL SEVERANCE AGREEMENT 

This Change in Control Severance Agreement (“Agreement”) is made effective as of December 9, 2013
(“Effective Date”), by and between Tessera Technologies, Inc., a Delaware corporation (the “Company”), and Thomas Lacey (“Executive”). For purposes of this Agreement (other than
Section 1(c) below), the “Company” shall mean the Company and its subsidiaries. 
 The parties agree as
follows: 
 1. Definitions. For purposes of this Agreement, the following terms shall have the following meanings: 

(a) “Board” shall mean the Board of Directors of Tessera Technologies, Inc. 

(b) “Cause” shall mean any of the following: (i) Executive’s gross negligence or willful misconduct in the
performance of his or her duties to the Company; (ii) Executive’s willful and habitual neglect of or failure to perform Executive’s duties of consulting or employment, which neglect or failure is not cured within thirty (30) days
after written notice thereof is received by Executive; (iii) Executive’s commission of any act of fraud, dishonesty or financial or accounting impropriety with respect to the Company; (iv) Executive’s failure to cooperate with
the Company in any investigation or formal proceeding initiated by a governmental authority or otherwise approved by the Board or the Audit Committee of the Board, which failure is not cured within thirty (30) days after written notice thereof
is received by Executive; (v) Executive’s conviction of or plea of guilty or nolo contendere to felony criminal conduct; (vi) Executive’s material violation of the Company’s Confidentiality and Proprietary Rights
Agreement (as defined below) or similar agreement that Executive has entered into with the Company; or (vii) Executive’s material breach of any obligation or duty under this Agreement or material violation of any written employment or
other Company policies that have previously been furnished to Executive, which breach or violation is not cured within thirty (30) days after written notice thereof is received by Executive, if such breach or violation is capable of being
cured. 
 (c) “Change in Control” shall mean and include each of the following: 

(i) A transaction or series of transactions (other than an offering of the Company’s common stock to the general public through a
registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction,
directly or indirectly controls, is controlled by, or is under common control with, the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the Company possessing
more than fifty percent (50%) of the total combined voting power of the Company’s securities outstanding immediately after such acquisition; or 

(ii) The consummation by the Company (whether directly involving the Company or indirectly involving the Company through one or more
intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of the Company’s assets in any single transaction or series of related transactions
or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 
 (A) Which results in the
Company’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of the Company or the person that, as a result of the transaction,
controls, 

 
directly or indirectly, the Company or owns, directly or indirectly, all or substantially all of the Company’s assets or otherwise succeeds to the business of the Company (the Company or
such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and 

(B) After which no person or group beneficially owns voting securities representing fifty percent (50%) or more of the combined voting
power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this Section 1(c)(ii)(B) as beneficially owning fifty percent (50%) or more of combined voting power of the Successor Entity
solely as a result of the voting power held in the Company prior to the consummation of the transaction. 
 The Board shall have full and
final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control of the Company has occurred pursuant to the above definition, and the date of the occurrence of such Change in Control and any
incidental matters relating thereto. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended, and the
Treasury Regulations and other interpretive guidance thereunder. 
 (e) “Good Reason” shall mean the occurrence of
any of the following events or conditions without Executive’s written consent: 
 (i) a material diminution in Executive’s
authority, duties or responsibilities; 
 (ii) a material diminution in Executive’s base compensation, unless such a reduction is
imposed across-the-board to senior management of the Company; 
 (iii) a material change in the geographic location at which Executive must
perform his or her duties (and the Company and Executive acknowledge and agree that a change in the geographic location at which Executive must perform his or her duties by more than forty-five (45) miles shall constitute a material change for
purposes of this Agreement); or 
 (iv) any other action or inaction that constitutes a material breach by the Company or any successor or
affiliate of its obligations to Executive under this Agreement. 
 Executive must provide written notice to the Company of the occurrence of
any of the foregoing events or conditions without Executive’s written consent within ninety (90) days of the occurrence of such event. The Company or any successor or affiliate shall have a period of thirty (30) days to cure such
event or condition after receipt of written notice of such event from Executive. Any voluntary Separation from Service for “Good Reason” following such thirty (30) day cure period must occur no later than the date that is six
(6) months following the initial occurrence of one of the foregoing events or conditions without Executive’s written consent. Executive’s voluntary Separation from Service by reason of resignation from employment with the Company for
Good Reason shall be treated as involuntary. 
 (f) “Permanent Disability” means Executive’s inability to
perform the essential functions of his or her position, with or without reasonable accommodation, for a period of at least one hundred twenty (120) consecutive days because of a physical or mental impairment. 

(g) “Separation from Service” means an involuntary separation from service within the meaning of
Section 409A of the Code. 
 (h) “Stock Awards” means all stock options, restricted stock, restricted stock
units and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof, including, without limitation, any awards the vesting of which is
tied to the achievement of performance objectives. 

  
 2 

 2. Term. 

(a) The initial term of this Agreement (the “Term”) shall continue until the earlier of (i) the second
anniversary of the Effective Date, or (ii) the date on which all payments or benefits required to be made or provided hereunder have been made or provided in their entirety, except to the extent the Term is automatically extended pursuant to
Section 2(b). 
 (b) Notwithstanding the provisions of Section 2(a), the then-effective Term shall automatically be extended in
the event that the Term would otherwise expire during the period commencing upon the first public announcement of a definitive agreement that would result in a Change in Control (even though still subject to approval of the Company’s
stockholders and other conditions and contingencies) and ending on the date that is eighteen (18) months following the occurrence of such Change in Control. Such extension shall be upon the terms and conditions of this Agreement as then in
effect, provided that such extension of the Term of this Agreement shall expire upon the first to occur of the first public announcement of the termination of such definitive agreement or the date that is eighteen (18) months following the
occurrence of such Change in Control. 
 (c) Notwithstanding the provisions of Sections 2(a) and (b), the obligation of the
Company to make payments or provide benefits pursuant to this Agreement to which Executive has acquired a right in accordance with the applicable provisions of this Agreement prior to the expiration of the Term shall survive the termination of this
Agreement until such payments and benefits have been provided in full. 
 3. Severance. 

(a) If Executive has a Separation from Service as a result of Executive’s discharge by the Company without Cause or by reason of
Executive’s resignation for Good Reason or as a result of Executive’s death or Permanent Disability, in any case within eighteen (18) months following a Change in Control, Executive shall be entitled to receive, in lieu of any
severance benefits to which Executive may otherwise be entitled under any severance plan or program of the Company, the benefits provided below, which, with respect to clause (ii) and the last sentence of clause (iii) below, if applicable,
will be payable in a lump sum within ten (10) days following the effective date of the Release (as defined below): 
 (i) The Company
shall pay to Executive (or his or her estate, if applicable) his or her fully earned but unpaid base salary, when due, through the date of Executive’s Separation from Service at the rate then in effect, plus all other benefits, if any, under
any Company group retirement plan, nonqualified deferred compensation plan, equity award plan or agreement (other than any such plan or agreement pertaining to Stock Awards whose treatment is prescribed by Section 3(a)(iii) below), health
benefits plan or other Company group benefit plan to which Executive (or his or her estate, if applicable) may be entitled pursuant to the terms of such plans or agreements at the time of Executive’s Separation from Service; 

(ii) Subject to Section 3(c) and, other than in the case of Executive’s death, Executive’s continued compliance with
Section 4, Executive shall be entitled to receive severance pay in an amount equal to one hundred percent (100%) multiplied by Executive’s annual base salary as in effect immediately prior to the date of Executive’s Separation
from Service as well as payment of any amount equal to any annual bonus to which Executive would have been entitled to receive as of the date of Executive’s Separation from Service based on the Company’s and/or Executive’s performance
through such date, to be determined by the Board or the Compensation Committee thereof in good faith in 

  
 3 

 
accordance with the terms of the applicable bonus program (for the avoidance of doubt, any bonus or part thereof that relates to goals or objectives covering a full calendar year will not be paid
unless Executive’s Separation from Service occurs after the end of such calendar year); 
 (iii) Subject to Section 3(c) and,
other than in the case of Executive’s death, Executive’s continued compliance with Section 4, for the period beginning on the date of Executive’s Separation from Service and ending on the date which is twelve (12) full
months following the date of Executive’s Separation from Service (or, if earlier, the date on which the applicable continuation period under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”) expires) (the “COBRA Coverage Period”), the Company shall arrange to provide Executive and/or his or her eligible dependents who were covered under the Company’s health insurance plans
as of the date of Executive’s Separation from Service with health (including medical and dental) insurance benefits substantially similar to those provided to Executive and his or her dependents immediately prior to the date of such Separation
from Service. If the Company is not reasonably able to continue health insurance benefits coverage under the Company’s insurance plans, the Company shall provide substantially equivalent coverage under other third-party insurance sources. If
any of the Company’s health benefits are self-funded as of the date of Executive’s Separation from Service, or if the Company cannot provide the foregoing benefits in a manner that is exempt from or otherwise compliant with applicable law
(including, without limitation, Section 409A of the Code and Section 2716 of the Public Health Service Act), instead of providing continued health insurance benefits as set forth above, the Company shall instead pay to Executive (or his or
her estate, if applicable) an amount equal to the monthly premium payment for Executive and/or his or her eligible dependents who were covered under the Company’s health plans as of the date of Executive’s Separation from Service
(calculated by reference to the premium as of the date of Separation from Service) as currently taxable compensation in substantially equal monthly installments over the COBRA Coverage Period (or the remaining portion thereof); 

(iv) Subject to Section 3(c) and, other than in the case of Executive’s death, Executive’s continued compliance with
Section 4, the vesting of each of Executive’s Stock Awards shall be accelerated in full (provided that any Stock Awards that vest upon achievement of any performance-based goals or targets shall be accelerated as to the “target”
number of shares subject to such Stock Awards) effective as of the date of Executive’s Separation from Service. Nothing in this Section 3(a)(iv) shall be construed to limit any more favorable vesting applicable to Executive’s Stock
Awards in the Company’s equity plan(s) and/or the stock award agreements under which the Stock Awards were granted. The foregoing provisions are hereby deemed to be a part of each Stock Award and to supersede any less favorable provision in any
agreement or plan regarding such Stock Award; and 
 (v) Notwithstanding any other provision of this Agreement to the contrary, any
severance benefits payable to Executive under this Agreement shall be reduced by any severance benefits payable by the Company or an affiliate of the Company to such individual under any other policy, plan, program, agreement or arrangement,
including, without limitation, any severance agreement between such individual and any entity. 
 (b) Other Terminations. If
Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason prior to a Change in Control or more than eighteen (18) months following a Change in Control, or at any time by the Company for Cause, by
Executive without Good Reason, the Company shall not have any other or further obligations to Executive under this Agreement (including any financial obligations) except that Executive shall be entitled to receive (i) Executive’s fully
earned but unpaid base salary, through the date of termination at the rate then in effect, and (ii) all other amounts or benefits to which Executive is entitled under any compensation, retirement or benefit plan or practice of the Company at
the time of termination in accordance with the terms of such plans or practices, including, without limitation, any continuation of benefits required by COBRA or applicable law. In addition, all vesting of Executive’s unvested Stock Awards
previously granted to him 

  
 4 

 
or her by the Company shall cease and none of such unvested Stock Awards shall be exercisable following the date of such termination. The foregoing shall be in addition to, and not in lieu of,
any and all other rights and remedies which may be available to the Company under the circumstances, whether at law or in equity. 
 (c)
Release. As a condition to Executive’s (or his or her estate’s, if applicable) receipt of any post-termination benefits pursuant to Section 3(a) above, Executive (or, in the event of Executive’s death, the legal
representative of his or her estate, or in the event of Executive’s incapacity as a result of his or her Permanent Disability, his or her legal representative) shall execute and not revoke a general release of all claims in favor of the Company
(the “Release”) in the form substantially similar to that attached hereto as Exhibit A (and any applicable revocation period applicable to such Release shall have expired) within the sixty (60) day period following the
date of Executive’s Separation from Service. 
 (d) Exclusive Remedy. Except as otherwise expressly required by law (e.g.,
COBRA) or as specifically provided herein, all of Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination.
In the event of a termination of Executive’s employment with the Company, Executive’s (or his or her estate’s) sole remedy shall be to receive the payments and benefits described in this Section 3. 

(e) No Mitigation. Except as otherwise provided in Section 3(a)(iii) above, Executive shall not be required to mitigate the amount
of any payment provided for in this Section 3 by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this Section 3 be reduced by any compensation earned by Executive as the result of
employment by another employer or self-employment or by retirement benefits; provided, however, that loans, advances or other amounts owed by Executive to the Company may be offset by the Company against amounts payable to Executive
(or his or her estate, if applicable) under this Section 3. 
 (f) Return of the Company’s Property. If Executive’s
employment is terminated for any reason, the Company shall have the right, at its option, to require Executive to vacate his or her offices prior to or on the effective date of termination and to cease all activities on the Company’s behalf.
Upon the termination of his or her employment in any manner, as a condition to Executive’s receipt of any post-termination benefits described in this Agreement, Executive (or his or her estate, if applicable) shall immediately surrender to the
Company all lists, books and records of, or in connection with, the Company’s business, and all other property belonging to the Company, it being distinctly understood that all such lists, books and records, and other documents, are the
property of the Company. Executive (or his or her estate, if applicable) shall deliver to the Company a signed statement certifying compliance with this Section 3(f) prior to the receipt of any post-termination benefits described in this
Agreement. 
 (g) Best Pay Provision. 

(i) If any payment or benefit Executive would receive under this Agreement, when combined with any other payment or benefit Executive
receives pursuant to the termination of Executive’s employment with the Company (“Payment”), would (A) constitute a “parachute payment” within the meaning of Section 280G of the Code, and (B) but
for this sentence, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be either (1) the full amount of such Payment or (2) such lesser amount (with cash
payments being reduced before stock option compensation) as would result in no portion of the Payment being subject to the Excise Tax, whichever of the foregoing amounts, taking into account the applicable federal, state and local employment taxes,
income taxes, and the Excise Tax, results in Executive’s receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding that all or some portion of the Payment may be subject to the Excise Tax. 

  
 5 

 (ii) All determinations required to be made under this Section 3(g), including whether
and to what extent the Payments shall be reduced and the assumptions to be utilized in arriving at such determination, shall be made by the nationally recognized certified public accounting firm used by the Company immediately prior to the effective
date of the Change in Control or, if such firm declines to serve, such other nationally recognized certified public accounting firm as may be designated by the Company (the “Accounting Firm”). The Accounting Firm shall
provide detailed supporting calculations both to Executive and the Company at such time as is requested by the Company. All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any determination by the Accounting
Firm shall be binding upon Executive and the Company. For purposes of making the calculations required by this Section 3(g), the Accounting Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on
reasonable, good-faith interpretations concerning the application of Sections 280G and 4999 of the Code. 
 4. Confidentiality and
Proprietary Rights. Executive and the Company have executed the Company’s Confidentiality and Proprietary Rights Agreement, a copy of which is attached to this Agreement as Exhibit B and incorporated herein by reference (the
“Confidentiality and Proprietary Rights Agreement”). The Company shall be entitled to cease all severance payments and benefits to Executive in the event of his or his material breach of this Section 4. 

5. Agreement to Arbitrate. Any dispute, claim or controversy based on, arising out of or relating to Executive’s employment or
this Agreement shall be settled by final and binding arbitration in San Jose, California, before a single neutral arbitrator in accordance with the National Rules for the Resolution of Employment Disputes (the “Rules”) of the
American Arbitration Association (“AAA”), and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction.1 Arbitration may be
compelled pursuant to the California Arbitration Act (Code of Civil Procedure §§ 1280 et seq.). If the parties are unable to agree upon an arbitrator, one shall be appointed by the AAA in accordance with its Rules. Each party
shall pay the fees of its own attorneys, the expenses of its witnesses and all other expenses connected with presenting its case; provided, however, Executive and the Company agree that, to the extent permitted by law, the arbitrator
may, in his or her discretion, award reasonable attorneys’ fees to the prevailing party; provided, further, that the prevailing party shall be reimbursed for such fees, costs and expenses within forty-five (45) days following
any such award, but in no event later than the last day of the Executive’s taxable year following the taxable year in which the fees, costs and expenses were incurred; provided, further, that the parties’ obligations pursuant
to this sentence shall terminate on the tenth (10th) anniversary of the date of Executive’s termination of employment; provided, however, that Executive shall retain the
right to file administrative charges with or seek relief through any government agency of competent jurisdiction, and to participate in any government investigation, including but not limited to (a) claims for workers’ compensation, state
disability insurance or unemployment insurance; (b) claims for unpaid wages or waiting time penalties brought before the California Division of Labor Standards Enforcement; provided, however, that any appeal from an award or from
denial of an award of wages and/or waiting time penalties shall be arbitrated pursuant to the terms of this Agreement; and (c) claims for administrative relief from the United States Equal Employment Opportunity Commission and/or the California
Department of Fair Employment and Housing (or any similar agency in any applicable jurisdiction other than California); provided, further, that Executive shall not be entitled to obtain any monetary relief through such agencies other
than workers’ compensation benefits or unemployment insurance benefits. Other costs of the arbitration, including the cost of any record or transcripts of the arbitration, AAA’s administrative fees, the fee of the arbitrator, and all other
fees and costs, shall be borne by the Company. This Section 5 is intended to be the exclusive method for resolving any and all claims by the parties against each other for 

 
  

	1 	 The Rules may be found online at: www.adr.org. 

  
 6 

 
payment of damages under this Agreement or relating to Executive’s employment; provided, however, that neither this Agreement nor the submission to arbitration shall limit the
parties’ right to seek provisional relief, including without limitation injunctive relief, in any court of competent jurisdiction pursuant to California Code of Civil Procedure § 1281.8 or any similar statute of an applicable jurisdiction.
Seeking any such relief shall not be deemed to be a waiver of such party’s right to compel arbitration. Both Executive and the Company expressly waive their right to a jury trial. 

6. At-Will Employment Relationship. Executive’s employment with the Company is at-will and not for any specified period and may be
terminated at any time, with or without Cause or advance notice, by either Executive or the Company. Any change to the at-will employment relationship must be by specific, written agreement signed by Executive and an authorized representative of the
Company. Nothing in this Agreement is intended to or should be construed to contradict, modify or alter this at-will relationship. 
 7.
General Provisions. 
 7.1 Successors and Assigns. The rights of the Company under this Agreement may, without the consent of
Executive, be assigned by the Company, in its sole and unfettered discretion, to any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly, acquires all or
substantially all of the assets or business of the Company. The Company will require any successor (whether direct or indirect, by purchase, merger or otherwise) to all or substantially all of the business or assets of the Company expressly to
assume and to agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place; provided, however, that no such assumption shall relieve
the Company of its obligations hereunder; provided, further, that the failure of any such successor to so assume this Agreement shall constitute a material breach of this Agreement. As used in this Agreement, the
“Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. Executive shall not be
entitled to assign any of Executive’s rights or obligations under this Agreement. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees. 
 7.2 Severability. In the event any provision of this Agreement is found to be
unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the benefit
contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the
remaining provisions shall not be affected thereby. 
 7.3 Interpretation; Construction. The headings set forth in this Agreement are
for convenience only and shall not be used in interpreting this Agreement. This Agreement has been drafted by legal counsel representing the Company, but Executive has participated in the negotiation of its terms. Furthermore, Executive acknowledges
that Executive has had an opportunity to review and revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting
party shall not be employed in the interpretation of this Agreement. Either party’s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such provision, or prevent that party thereafter from
enforcing each and every other provision of this Agreement. 
 7.4 Governing Law and Venue. This Agreement will be governed by and
construed in accordance with the laws of the United States and the State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles

  
 7 

 
thereof. Any suit brought hereon shall be brought in the state or federal courts sitting in Santa Clara County, California, the Parties hereby waiving any claim or defense that such forum is not
convenient or proper. Each party hereby agrees that any such court shall have in personam jurisdiction over it and consents to service of process in any manner authorized by California law. 

7.5 Notices. Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice
deemed given as indicated: (a) by personal delivery when delivered personally; (b) by overnight courier upon written verification of receipt; (c) by telecopy or facsimile transmission upon acknowledgment of receipt of electronic
transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to Executive at the address set forth below and to the Company at its principal place of business, or such other
address as either party may specify in writing. 
 7.6 Survival. Sections 1 (“Definitions”), 3 (“Severance”), 4
(“Confidentiality and Proprietary Rights”), 5 (“Agreement to Arbitrate”) and 7 (“General Provisions”) of this Agreement shall survive termination of Executive’s employment by the Company. 

7.7 Entire Agreement. This Agreement and the Confidentiality and Proprietary Rights Agreement incorporated herein by reference together
constitute the entire agreement between the parties in respect of the subject matter contained herein and therein and supersede all prior or simultaneous representations, discussions, negotiations, and agreements, whether written or oral, including,
without limitation, any offer letter executed by the Company and Executive in connection with Executive’s commencement of employment. This Agreement may be amended or modified only with the written consent of Executive and an authorized
representative of the Company. No oral waiver, amendment or modification will be effective under any circumstances whatsoever. 
 7.8
Code Section 409A Exempt. 
 (a) This Agreement is not intended to provide for any deferral of compensation subject to
Section 409A of the Code, and, accordingly, the severance payments payable under Section 3(a)(ii) and the last sentence of Section 3(a)(iii), if applicable, shall be paid no later than the later of: (i) the fifteenth (15th) day of the third month following Executive’s first taxable year in which such severance benefit is no longer subject to a substantial risk of forfeiture, and (ii) the fifteenth (15th) day of the third month following first taxable year of the Company in which such severance benefit is no longer subject to substantial risk of forfeiture, as determined in accordance with Code
Section 409A and any Treasury Regulations and other guidance issued thereunder. To the extent applicable, this Agreement shall be interpreted in accordance with Code Section 409A and Department of Treasury regulations and other
interpretive guidance issued thereunder. Each series of installment payments made under this Agreement is hereby designated as a series of “separate payments” within the meaning of Section 409A of the Code. 

(b) If the Executive is a “specified employee” (as defined in Section 409A of the Code), as determined by the Company in
accordance with Section 409A of the Code, on the date of the Executive’s Separation from Service, to the extent that the payments or benefits under this Agreement are subject to Section 409A of the Code and the delayed payment or
distribution of all or any portion of such amounts to which Executive is entitled under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, then such portion deferred pursuant to
this Section 7.8(b) shall be paid or distributed to Executive in a lump sum on the earlier of (i) the date that is six (6)-months following Executive’s Separation from Service, (ii) the date of Executive’s death or
(iii) the earliest date as is permitted under Section 409A of the Code. Any remaining payments due under the Agreement shall be paid as otherwise provided herein. 

  
 8 

 7.9 Consultation with Legal and Financial Advisors. By executing this Agreement, Executive
acknowledges that this Agreement confers significant legal rights, and may also involve the waiver of rights under other agreements; that the Company has encouraged Executive to consult with Executive’s personal legal and financial advisors;
and that Executive has had adequate time to consult with Executive’s advisors before executing this Agreement. 
 7.10
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

(Signature Page Follows) 

  
 9 

 THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND
EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN BELOW. 
  

							
		 		 		 	TESSERA TECHNOLOGIES, INC.
				
	Dated: December 9, 2013	 		 	By:	 	 /s/ John Allen

		 		 	Name:	 	John Allen
		 		 	Title:	 	Acting Chief Financial Officer
				
		 		 		 	EXECUTIVE
				
	Dated: December 9, 2013	 		 	By:	 	 /s/ Thomas Lacey

		 		 		 	Thomas Lacey

  
 10 

 EXHIBIT A 

GENERAL RELEASE OF CLAIMS 

[The language in this Release may change based on legal developments and evolving best practices; this form is provided as an example of
what will be included in the final Release document.] 
 This General Release of Claims (“Release”) is entered
into as of this     day of         ,         , between Thomas Lacey (“Executive”), and Tessera Technologies, Inc., a Delaware
corporation (the “Company”) (collectively referred to herein as the “Parties”). 
 WHEREAS,
Executive and the Company are parties to that certain Change in Control Severance Agreement dated as of December 9, 2013 (the “Agreement”); 

WHEREAS, the Parties agree that Executive is entitled to certain severance benefits under the Agreement, subject to Executive’s execution
of this Release; and 
 WHEREAS, the Company and Executive now wish to fully and finally to resolve all matters between them. 

NOW, THEREFORE, in consideration of, and subject to, the severance benefits payable to Executive pursuant to the Agreement, the adequacy of
which is hereby acknowledged by Executive, and which Executive acknowledges that he or she would not otherwise be entitled to receive, Executive and the Company hereby agree as follows: 

1. General Release of Claims by Executive. 

(a) Executive, on behalf of himself or herself and his or her executors, heirs, administrators, representatives and assigns, hereby agrees to
release and forever discharge the Company and all predecessors, successors and their respective parent corporations, affiliates, related, and/or subsidiary entities, and all of their past and present investors, directors, shareholders, officers,
general or limited partners, employees, attorneys, agents and representatives, and the employee benefit plans in which Executive is or has been a participant by virtue of his or her employment with or service to the Company (collectively, the
“Company Releasees”), from any and all claims, debts, demands, accounts, judgments, rights, causes of action, equitable relief, damages, costs, charges, complaints, obligations, promises, agreements, controversies, suits,
expenses, compensation, responsibility and liability of every kind and character whatsoever (including attorneys’ fees and costs), whether in law or equity, known or unknown, asserted or unasserted, suspected or unsuspected (collectively,
“Claims”), which Executive has or may have had against such entities based on any events or circumstances arising or occurring on or prior to the date hereof or on or prior to the date hereof, arising directly or indirectly
out of, relating to, or in any other way involving in any manner whatsoever Executive’s employment by or service to the Company or the termination thereof, including any and all claims arising under federal, state, or local laws relating to
employment, including without limitation claims of wrongful discharge, breach of express or implied contract, fraud, misrepresentation, defamation, or liability in tort, and claims of any kind that may be brought in any court or administrative
agency including, without limitation, claims under Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. Section 2000, et seq.; the Americans with Disabilities Act, as amended, 42 U.S.C. § 12101 et
seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701 et seq.; the Civil Rights Act of 1866, and the Civil Rights Act of 1991; 42 U.S.C. Section 1981, et seq.; the Age Discrimination
in Employment Act, as amended, 29 U.S.C. Section 621, et seq. (the “ADEA”); the Equal Pay Act, as amended, 29 U.S.C. Section 206(d); regulations of the

 
Office of Federal Contract Compliance, 41 C.F.R. Section 60, et seq.; the Family and Medical Leave Act, as amended, 29 U.S.C. § 2601
et seq.; the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. § 201 et seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; and the
California Fair Employment and Housing Act, California Government Code Section 12940, et seq. 
 Notwithstanding the
generality of the foregoing, Executive does not release the following claims: 
 (i) Claims for unemployment compensation or
any state disability insurance benefits pursuant to the terms of applicable state law; 
 (ii) Claims for workers’
compensation insurance benefits under the terms of any worker’s compensation insurance policy or fund of the Company; 

(iii) Claims pursuant to the terms and conditions of the federal law known as COBRA; 

(iv) Claims for indemnity under the bylaws of the Company, as provided for by California law or under any applicable insurance
policy with respect to Executive’s liability as an employee, director or officer of the Company; 
 (v) Claims based on
any right Executive may have to enforce the Company’s executory obligations under the Agreement; and 
 (vi) Claims
Executive may have to vested or earned compensation and benefits. 
 (b) EXECUTIVE ACKNOWLEDGES THAT HE OR SHE HAS BEEN ADVISED OF AND IS
FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND
TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS HE OR SHE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER
STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 (c) Executive acknowledges that this Release was presented to him or her on the date
indicated above and that Executive is entitled to have twenty-one (21) days’ time in which to consider it. Executive further acknowledges that the Company has advised him or her that he or she is waiving his or her rights under the ADEA,
and that Executive should consult with an attorney of his or her choice before signing this Release, and Executive has had sufficient time to consider the terms of this Release. Executive represents and acknowledges that if Executive executes this
Release before twenty-one (21) days have elapsed, Executive does so knowingly, voluntarily, and upon the advice and with the approval of Executive’s legal counsel (if any), and that Executive voluntarily waives any remaining consideration
period. 
 (d) Executive understands that after executing this Release, Executive has the right to revoke it within seven (7) days
after his or her execution of it. Executive understands that this Release will not become effective and enforceable unless the seven (7) day revocation period passes and 

  
 2 

 
Executive does not revoke the Release in writing. Executive understands that this Release may not be revoked after the seven (7) day revocation period has passed. Executive also understands
that any revocation of this Release must be made in writing and delivered to the Company at its principal place of business within the seven (7) day period. 

(e) Executive understands that this Release shall become effective, irrevocable, and binding upon Executive on the eighth (8th) day after his or her execution of it, so long as Executive has not revoked it within the time period and in the manner specified in clause (d) above. Executive further understands that
Executive will not be given any severance benefits under the Agreement unless this Release is effective on or before the date that is sixty (60) days following the date of Executive’s termination of employment. 

2. No Assignment. Executive represents and warrants to the Company Releasees that there has been no assignment or other transfer of any
interest in any Claim that Executive may have against the Company Releasees. Executive agrees to indemnify and hold harmless the Company Releasees from any liability, claims, demands, damages, costs, expenses and attorneys’ fees incurred as a
result of any such assignment or transfer from Executive. 
 3. Severability. In the event any provision of this Release is found to
be unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that the parties shall receive the
benefit contemplated herein to the fullest extent permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of
the remaining provisions shall not be affected thereby. 
 4. Interpretation; Construction. The headings set forth in this Release
are for convenience only and shall not be used in interpreting this Agreement. This Release has been drafted by legal counsel representing the Company, but Executive has participated in the negotiation of its terms. Furthermore, Executive
acknowledges that Executive has had an opportunity to review and revise the Release and have it reviewed by legal counsel, if desired, and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of this Release. Either party’s failure to enforce any provision of this Release shall not in any way be construed as a waiver of any such provision, or prevent that party thereafter
from enforcing each and every other provision of this Release. 
 5. Governing Law and Venue. This Release will be governed by and
construed in accordance with the laws of the United States of America and the State of California applicable to contracts made and to be performed wholly within such State, and without regard to the conflicts of laws principles thereof. Any suit
brought hereon shall be brought in the state or federal courts sitting in Santa Clara County, California, the Parties hereby waiving any claim or defense that such forum is not convenient or proper. Each party hereby agrees that any such court shall
have in personam jurisdiction over it and consents to service of process in any manner authorized by California law. 
 6. Entire
Agreement. This Release and the Agreement constitute the entire agreement of the Parties in respect of the subject matter contained herein and therein and supersede all prior or simultaneous representations, discussions, negotiations and
agreements, whether written or oral. This Release may be amended or modified only with the written consent of Executive and an authorized representative of the Company. No oral waiver, amendment or modification will be effective under any
circumstances whatsoever. 

  
 3 

 7. Counterparts. This Release may be executed in multiple counterparts, each of which
shall be deemed to be an original but all of which together shall constitute one and the same instrument. 
 (Signature Page Follows) 

  
 4 

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed the foregoing
Release as of the date first written above. 
  

									
	EXECUTIVE	 		  		  	TESSERA TECHNOLOGIES, INC.
				
	  
	  		  	By:	 	  

					
	Print Name:	 	  
	  		  	Print Name:	 	  

					
		 		  		  	Title:	 	  

  
 5 

 EXHIBIT B 

CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT 

[Attached]EX-10.15

 Exhibit 10.15 

SHARE PURCHASE AGREEMENT 
  

dated 5 December 2013 

Between 
 SBI Zumba
Shipping Company Limited 
 as Purchasers 

and 

(i)        Berkeley Shipping Inc. and (ii) TCV Management 

and Trust Services Limited 

as Sellers 
 and 

BELGRAVE SHIPPING LIMITED 

as the Company 
 in
respect of shares in 
 BELGRAVE SHIPPING LIMITED 

the Company 

  
  

CONTENTS 
  

									
	Clause	  	Page	 
			
	1.	 	Interpretation	  	 	1	  
		 	 1.1      
	 	Definitions	  			
		 	 1.2      
	 	Further Interpretations	  	 	4	  
		 	 1.3      
	 	Schedules	  	 	4	  
		 	 1.4      
	 	Headings	  	 	4	  
			
	2.	 	Sale and Purchase of Shares	  	 	5	  
			
	3.	 	Purchase Price and payment	  	 	5	  
			
	4.	 	Closing	  	 	5	  
			
	5.	 	Representations and Warranties	  	 	7	  
			
	6.	 	Notices	  	 	9	  
			
	7.	 	Confidential Information	  	 	I0	  
			
	8.	 	Costs	  	 	11	  
			
	9.	 	indemnities	  	 	11	  
			
	10.	 	Tax Matters	  	 	11	  
			
	I 1.	 	Trademarks and Intellectual Property	  	 	11	  
			
	12.	 	Waiver of Rights	  	 	12	  
			
	13.	 	Amendments	  	 	12	  
			
	I4.	 	Severability	  	 	12	  
			
	15.	 	Whole Agreement	  	 	12	  
			
	16.	 	Governing Language	  	 	12	  
			
	17.	 	COUNTERPARTS	  	 	12	  
			
	18.	 	Governing Law	  	 	12	  
			
	19.	 	Arbitration	  	 	13	  
		 	SIGNATURE PAGE	  	 	14	  
		 	 SCHEDULE 1 FORM OF SHARE TRANSFER INSTRUMENT
	  	 	15	  
		 	 SCHEDULE 2 – FORM OF WAIVER
	  	 	17	  
		 	 SCHEDULE 3 – FORM OF RESIGNATION LETTERS
	  	 	18	  
		 	 SCHEDULE 4 – STATUTORY FORM F
	  	 	19	  
		 	 SCHEDULE 5 – DISCLOSURES
	  	 	20	  

  
  

 

  
  

 THIS SHARE PURCHASE AGREEMENT (the “Agreement”) is made
on 5 December 2013. 
 BETWEEN: 
  

	(1)	 SBI Zumba Shipping Company Limited, a private limited liability company incorporated under the laws of the Marshall Islands with registration
number 65373, and having its registered address situated at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands (the “Purchaser/s”); 

 

	(2)	 (a) Berkeley Shipping Inc., a private limited liability company incorporated under the laws of the Marshall Islands with registration number 59296,
and having its registered address situated at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands; and (b) TCV Management and Trust Services Limited, a private limited company incorporated under the laws of Malta
with registration number C17138, and having its registered address at 103, Palp77o Pietro Stiges, Strait Street, Valletta VLT 1436, Malta (jointly and severally, the “Sellers”); and 

 

	(3)	 Belgrave Shipping Limited, a private limited liability company incorporated under the laws of Malta with registration number 061809, and having its
registered address situated at 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta; 

(each, a “Party” and together, the “Parties”) 

RECITALS: 
  

	(A)	 Whereas the Purchasers (as defined below) in their own name have agreed to purchase the Shares (as defined below) from the Sellers (as defined
below); 

  

	(B)	 And whereas the Sellers have agreed to sell the Shares to the Purchasers free of any charges, pledges or other encumbrances; 

 

	(C)	 And whereas the Purchasers and the Sellers have agreed that the total consideration for the purchase of the Shares shall be the Purchase Price.

  

	(D)	 And whereas the Parties have agreed to enter into this Agreement and to act on the terms and conditions as set out in this Agreement.

 THE PARTIES AGREE as follows: 
  

	1.	 INTERPRETATION 

  

	1.1	 Definitions: 

In this Agreement the following defined terms mean: 

  
  

1 

  
  

 “Affiliate” means, with respect to a Party,
any other Party directly or indirectly controlling, controlled by, or under common control with, such Party; 

“Agreement” means this Share Purchase Agreement, as it may be amended, supplemented, or
restated from time to time; 
 “Business Day” means any day (other than a Saturday or Sunday)
when banks in Malta, The Netherlands, New York and Monaco are open for the transaction of normal business; 

“Closing” has the meaning attributed to it in Clause 4; 

“Closing Date” means such date following the execution date of this Agreement when the actions
contemplated in Clause 4 have been fully completed; 
 “Company” means Beigrave Shipping
Limited, a private limited liability company incorporated under the laws of Malta with registration number C61809, and having its registered address situated at 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta; 

“Confidential Information” means any information which: 

 

	 	(i)	 any Party may have or acquire (whether before or after the date of this Agreement) in relation to the customers, business, assets or affairs of the
Parties to this Agreement; 

  

	 	(ii)	 any Party or any of its Affiliates may have to acquire (whether before or after the date of this Agreement) in relation to the customer, business,
assets or affairs of the other Parties or any Affiliate of the other Parties as a consequence of the negotiations relating to this Agreement or the performance of this Agreement; or 

 

	 	(iii)	 relates to the contents of this Agreement (or any other agreement or arrangement entered into pursuant to this Agreement); or

  

	 	(iv)	 which was made available to the other Party in the course of any due diligence exercise; 

 

	 	(v)	 which is designated as confidential by the Party disclosing such information. 

AND excludes the following: 
  

	 	(i)	 information which is or becomes public knowledge other than as a direct or indirect result of the information being disclosed in breach of this
Agreement; or 

  
  

2 

  
  

	 	(ii)	 any Party can establish to the reasonable satisfaction of the other Parties that it found out the information from a source not known by the
receiving Party to be (a) connected with the other Parties or (b) under any obligation of confidence in respect of the information; or 

  

	 	(iii)	 any Party can establish to the reasonable satisfaction of the other Parties that the information was known to the first Party before the date of
this Agreement and that it was not under any obligation of confidence in respect of the information; or 

  

	 	(iv)	 the Parties agree in writing that it is not confidential. 

“Director” means any person registered in the books of the Company as a Director and
“Directors” shall be construed accordingly; 
 “Disclosures”
means the disclosures made by the Parties as contained in Schedule 5;  
 “Parties”
means the Sellers, the Purchasers and the Company; 
 “Purchase Price” has the meaning
attributed to it under Clause 3; 
 “Regulations” means the Merchant Shipping (Shipping
Organisations – Private Companies) Regulations, 2004, as amended from time to time, and any successor provisions thereto; 

“Resigning Directors” means Mr. Francesco Carruba and Mr. Paolo Mazza; 

“Sellers” means jointly and severally: (a) Berkeley Shipping Inc., a private limited
liability company incorporated under the laws of the Marshall Islands with registration number 59296, and having its registered address situated at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands and (b) TCV
Management and Trust Services Limited, a private limited company incorporated under the laws of Malta with registration number 017138, and having its registered address at 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta; 

“Share Transfer Instrument” has the meaning as attributed to it in Clause 2,2; 

“Shares” means (1500) one thousand five hundred Ordinary Shares divided into one thousand
five hundred shares of El (Euros one) each nominal value presently subscribed and paid up by 20%; 

“Shipbuilding Contract” means the shipbuilding contract for the construction of one 82,000 dwt
bulk carrier with Hull No. H1726A, dated 16 September, 2013 and entered into between the Company as buyer and the Ship Sellers; 

“Ship Sellers” means together China Shipbuilding Trading Company, Limited and Hudong-Zhonghua
Shipbuilding (Group) Co., Ltd.; 

  
  

3 

  
  

 “Tax” means (a) all forms of taxation
(other than for the avoidance of doubt, deferred taxation) and duties and levies, including, without limitation, corporate taxes, income taxes, registration, stamp duty and transfer taxes, value added taxes, social security contributions and
employment taxes; and 
 (b) all monetary penalties and interest relating to any matter in clause (a) above (save to
the extent such penalties or interest are attributable to the unreasonable delay by the Purchaser, any Share Purchaser or any member if the Purchaser’s Group (including for these purposes and Group Company) after the Closing Date or to the
failure or omission of the Purchaser, any Share Purchaser or any member if the Purchaser’s Group (including for these purposes and Group Company) to comply with its obligations under this Agreement or to make any claim, election, surrender,
withdrawal or disclaimer or give any notice or consent to do any other thing after Closing; and 
 “Working
Hours” means 9a.m. to 5p.m. in the relevant location on a Business Day. 
  

	1.2	 Further Interpretations. In this Agreement, a reference to: 

 

	 	(a)	 a document in the “agreed form” is a reference to a document in a form approved and for the purposes of
identification signed by or on behalf of the parties; 

  

	 	(b)	 the singular includes a reference to the plural and vice versa and references to one gender include all genders; 

 

	 	(c)	 a statutory provision includes a reference to: 

  

	 	I.	 the statutory provision as modified or re–enacted or both from time to time (whether before or after the date of this Agreement); and

  

	 	2.	 any subsidiary legislation made under the statutory provision (whether before or after the date of this Agreement); 

 

	 	(d)	 Persons includes a reference to any body corporate, unincorporated association or partnership; 

 

	 	(e)	 a Person includes a reference to that the Person’s legal personal representatives or successors; 

 

	 	(f)	 a clause or Schedule, unless the context otherwise requires, is a reference to a clause of or Schedule to this Agreement; 

 

	1.3	 Schedules. The Schedules form part of this Agreement and shall have the same force and effect as if set out in the body of this Agreement and
references to this Agreement include the Schedules. 

  

	1.4	 Headings. The headings in this Agreement shall not affect the interpretation of this Agreement. 

  
  

4 

  
  

	2.	 SALE AND PURCHASE OF SHARES 

  

	2.1	 Objects of Sale and Purchase 

In accordance with the terms and subject to the conditions of this Agreement, and in reliance upon the representations and warranties of the
Parties herein set forth, the Sellers agree to sell to the Purchasers, and the Purchasers agree to purchase, the Shares subject to the satisfaction of all conditions precedent set out in Clause 4 of this Agreement, on or before the Closing Date.

  

	2.2	Share Transfer Instrument 

 The Parties acknowledge that the implementation of the transactions
contemplated by Clause 2.1 above requires the execution and delivery on the Closing Date of certain ancillary agreements conforming to the requirements of applicable law (including a “Share Transfer Instrument”). A sample form of a
Share Transfer Instrument is attached hereto as Schedule 
  

	3.	 PURCHASE PRICE AND PAYMENT 

Purchase Price is US$6,200,000 as of the date of this Agreement but shall be adjusted on the Closing Date in the event of any
further instalments being paid by the Company under the Shipbuilding Contract after the date of this Agreement (the “Purchase Price”). 

 

	3.1	 Payment Mechanics 

The Purchasers shall pay the Purchase Price in cash on the Closing Date to the Sellers” account being: 

Bank : Credit Suisse 

Account no. 0456-1404186-62 

IBAN CH66 0483 5140 4186 6200 0 

Clearing code 4835 

SWIFT code CRESCHZZ80A 
  

	4.	 CLOSING 

  

	4.1	 Purchasers’ Obligations 

  

	 	(a)	 On the Closing Date the Purchasers shall deliver to the Sellers: 

 

	 	1.	 duly executed Share Transfer Instruments relating to the Shares; and 

 

	 	2.	 payment of the Purchase Price in accordance with the terms of this Agreement. 

 

	4.2	 Sellers’ Obligations 

  
  

5 

  
  

	 	(a)	 On the Closing Date the Sellers shall procure and deliver to the Purchasers: 

 

	 	1.	 duly executed Share Transfer Instruments relating to the Shares; 

 

	 	2.	 duly executed written waivers of any and all pre-emptive rights, which the Sellers and any other shareholders in the Company may have on the Shares
in the form attached hereto as Schedule 2; 

  

	 	3.	 undated resignation letters signed and executed by the Resigning Directors. A sample resignation letter is attached hereto as Schedule 3;

  

	 	4.	 a certificate of good standing of the Company issued by the Registry of Companies of Malta dated not earlier than one week prior to the Closing
Date; 

  

	 	5.	 a certified copy of the directors’ resolutions authorising the approval of, and entry into and performance by the Sellers of this Agreement
and any documents required pursuant to or contemplated by it; 

  

	 	6.	 the register of shareholders; 

  

	 	7.	 an undertaking from the director of the Company stating that all powers of attorneys issued by the Company have been revoked as at the Closing
Date; 

  

	 	8.	 executed agreement, in a form and substance satisfactory to the Purchasers, between Credit Suisse AG, the Company and the Sellers in relation to
the term sheet issued by Credit Suisse AG in favour of the Sellers; 

  

	 	9.	 confirmation or evidence in form and substance satisfactory to the Purchasers, from the Ship Sellers, that all instalments due under the
Shipbuilding Contract have been paid and that there are no current outstanding liabilities of the Company to the Ship Sellers (or any of its affiliates) thereunder; 

 

	 	10,	 confirmation or evidence in form and substance satisfactory to the Purchasers, that the refund guarantee has been validly issued pursuant to and in
accordance with the Shipbuilding Contract and is in a form acceptable to the Purchasers; 

  

	 	i 1.	 certified copy of the notification by the Company to the Ship Sellers, that as of the Closing Date the notice details of the buyers under Article
XVII of the Shipbuilding Contract, have changed to do Le Millenium, 9 Boulevard Charles III, 98000, Monaco, Attention Mr. Luca Forgione/Legal Department, Telephone No: +377 97985700, Facsimile No: +377 97778346, Email: legal@scorpiogroup.net;

  
  

6 

  
  

	 	12.	 a duly executed undertaking, confirming that all correspondence sent or received by Company or its nominated representative or supervisor from the
Ship Sellers in relation to the Shipbuilding Contract has been, as at the Closing Date (or shall, as from the Closing Date, immediately be) forwarded to the Sellers by email and in hard copy; 

 

	 	13.	 if applicable, confirmation in form and substance satisfactory to the Purchasers, that all mandates in respect of any bank accounts of the Company
have been revoked and transferred to authorised signatories of the Company designated by the Purchasers. 

  

	 	14.	 Undertaking from the Sellers in form and substance satisfactory to the Purchasers that the keel laying for the vessel being constructed pursuant to
the Shipbuilding Contract will take place prior to 1 January 2016. 

  

	5.	 REPRESENTATIONS AND WARRANTIES 

  

	5.1	 Purchasers Representations and Warranties 

The Purchasers undertake, represent and warrant the following: 
  

	 	1.	 It has the legal right and full power and authority to enter into this Agreement (and the other agreements to be entered into by it under or in
connection with this Agreement) and to perform its obligations under this Agreement (and such other agreements); 

It has obtained all authorisations and all other applicable governmental, statutory, regulatory or other consents,
clearances, approvals, licences, waivers or exemptions required to empower and/or allow it to enter into and to perform its obligations under this Agreement (and such other agreements) and for this Agreement (and such other agreements) to be duly
and validly authorised, executed and delivered by it; 
  

	 	3.	 This Agreement (and the other agreements to be entered into by it in connection with this Agreement) and the obligations expressed to be assumed by
it under this Agreement (and such other agreements) are legal and valid, binding upon it and enforceable against it in accordance with their terms; 

  

	 	4.	 Entry into and performance by it of its obligations under this Agreement (and the other agreements to be entered into by it under, in accordance
with or in connection with this Agreement) will not (i) contravene any existing law, statute, order, treaty or regulation applicable to it or (ii) breach any provision of its articles, by-laws or other constitutional documents or
(iii) breach any document, agreement, licence or tender which the Purchasers have entered into; 

  
  

7 

  
  

	 	5.	 Purchasers will ensure that the relevant statutory form F (Specimen attached as Schedule 4) is filed at the Registry of Companies in Malta in
respect of each of the transfers effected by the Share Transfer Instrument; 

  

	 	6.	 Purchasers undertake, procure and guarantee that the Purchasers will fully cooperate, in taking the necessary steps to give full effect to the
Agreement. 

  

	5.2	 Sellers Representations and Warranties 

The Sellers jointly and severally represent and warrant the following: 

 

	 	1.	 The accuracy and completeness of each of the representations and warranties set out in the Schedule 6 hereto; 

 

	 	2.	 They have the legal right and full power and authority to enter into this Agreement (and the other agreements to be entered into by them under or
in connection with this Agreement) and to perform their obligations under this Agreement (and such other agreements); 

  

	 	3.	 They have obtained all authorisations and all other applicable governmental, statutory, regulatory or other consents, clearances, approvals,
licences, waivers or exemptions required to empower and/or allow them to enter into and to perform their obligations under this Agreement (and such other agreements) and for this Agreement (and such other agreements) to be duly and validly
authorised, executed and delivered by them; 

  

	 	4.	 This Agreement (and the other agreements to be entered into by them in connection with this Agreement) and the obligations expressed to be assumed
by them under this Agreement (and such other agreements) are legal and valid, binding upon them and enforceable against them in accordance with their terms; 

  

	 	5.	 Entry into and performance by them of their obligations under this Agreement (and the other agreements to be entered into by them under, in
accordance with or in connection with this Agreement) will not (i) contravene any existing law, statute, order, treaty or regulation applicable to them or (ii) breach any provision of its articles, by-laws or other constitutional documents
or (iii) breach any document, agreement, licence or tender which the Sellers and/or the Company have entered into; 

  

	 	6.	 that on the closing date the Company shall be cash free and its only assets and liabilities shall be its rights pursuant to the Shipbuilding
Contract. 

  

	 	7.	 The Sellers are the owners of the Shares and are fully able to dispose of the Shares; 

  
  

8 

  
  

	 	8.	 Title to the Shares is unencumbered, the Shares are not pledged and there are no consents, approvals or authorisations from any party required to
effect the transfer of the Shares; 

 For the avoidance of doubt, the liability of the Sellers under the warranties and
representations under this Agreement shall not be limited by the Sellers invoking that the Purchaser should have been aware of any matters or facts not specifically disclosed, including under the Disclosures in Schedule 5, and the Purchaser may not
be deemed to be aware of any matters or facts which could be construed or implied by the absence of certain documents and/or not disclosed. This provision does not apply to any document which is publicly available on the website of the Registry of
Companies and such documents shall be deemed to have been disclosed. 
 The Sellers shall be jointly and severally liable towards the
Purchaser for all foreseeable and ascertained damages, costs and/or expenses incurred by the Purchaser in case any of the representations and warranties set forth in this Agreement are not true, accurate and correct. 

 

	5.3	 Company’s Representation and Warranty 

The Company declares that it has not been served with any precautionary or executive warrant over the Shares being
transferred. 
  

	6.	 NOTICES 

  

	6.1	 Notice 

 Any notice
in connection with this Agreement shall be in writing in English and delivered by hand, registered post or courier using an internationally recognised courier company. A notice shall be effective upon receipt and shall be deemed to have been
received at the time of delivery, if delivered by hand, registered post or courier provided that, where delivery occurs outside Working Hours, notice shall be deemed to have been received at the start of Working Hour on the next following Business
Day. 
  

	6.2	 Address and Contact Information 

The addresses and contact information for the Parties for the purpose of Clause 6.1 are: 

 

	 	(a)	 Name: Purchasers 

For the attention of: Mr. Luca Forgione / Legal Department 

Address: c/o Le Millenium, 9 Boulevard Charles III, 98000, Monaco 

Telephone Number: +377 97 98 57 00 

Email: legal@scorpiogroup.net 
  

	 	(b)	 Name: Sellers 

  
  

9 

  
  

 For the attention of: Mrs Ingrid Fenech 

Address: 103, Palazzo Pietro Stiges, Strait Street, Valletta, VLT 1436 Malta 

Telephone Number: 00356 21 231345 

Email: shipping@berkeleyshipping.com 
  

	 	(c)	 Name: Company 

For the attention of: Mrs Ingrid Fenech 

Address: 103, Palazzo Pietro Stiges, Strait Street, Valletta, VLT 1436 Malta 

Telephone Number: 00356 21 231345 

Email: ingrid.fenech@niamotcv.com 
  

	7.	 CONFIDENTIAL INFORMATION 

  

	7.1	 Confidentiality 

Each Party shall at all times use all reasonable endeavours to keep confidential (and to ensure that its employees, agents, subsidiaries and
the employees and agents of such subsidiaries) keep confidential any Confidential Information and shall not use or disclose any Confidential Information except: 
  

	 	I.	 to an Affiliate, or to a Party’s members, managers, agents, professional advisers or the members, managers, agents and advisors of an
Affiliate where such disclosure is for a purpose related to the operation of this Agreement; or 

 with
the written consent of the Parties; or 
  

	 	3.	 as may be required by law or by the rules of any recognised stock exchange, or governmental or other regulatory body, when the Party concerned
shall, if practicable and permitted, supply a copy of the required disclosure to the Party or Affiliate that the information relates to before it is disclosed and incorporate any amendments or additions reasonably required by such Party or
Affiliate; or 

  

	 	4.	 to any tax authority to the extent reasonably required for the purposes of the tax affairs of the Party concerned or any of its Affiliates; or

  

	 	5.	 if the information comes within the public domain (otherwise than as a result of the breach of Clause 7.2). 

 

	7.2	 Inform officer, employee etc. 

  
  

10 

  
  

 Each Party shall inform (and shall use all reasonable endeavours to procure that any
Affiliate shall inform) any officer, employee or agent or any professional adviser advising it in relation to the matters referred to in this Agreement, or to whom it provides Confidential Information, that such information is confidential and shall
require them: 
  

	 	1.	 to keep it confidential; and 

  

	 	2.	 not to disclose it to any third party (other than those persons to whom it has already been disclosed in accordance with the terms of this
Agreement); and 

  

	 	3.	 to destroy any Confidential Information after its legitimate use, unless such Confidential Information must be retained under any applicable law,
rule or regulation, including the rules of any professional body. 

  

	8.	 COSTS 

Except where this Agreement or the relevant document provides otherwise, each Party shall pay its own fees, costs and expenses relating to the
negotiation, preparation, execution and performance by it of this Agreement and any documents or agreements relating to this Agreement. 
  

	9.	 INDEMNITIES 

  

	9.1	 The Sellers shall jointly and severally indemnify the Purchasers and/or the Company against, and shall pay to the Buyer, a sum equal to all
liabilities suffered or incurred by the Company as a result of or in connection with: 

  

	 	(a)	 any breach, whether coming to the Buyers attention before or after the Closing Date, of any representation, warranty, covenant or any other term
contained or implied in this Agreement or related documents or in any of the agreements signed by the Company prior to the Closing Date; 

  

	 	(b)	 any claims against the Company incurred prior to the Closing Date. 

 

	10.	 TAX MATTERS 

Each Party shall be responsible, individually, for its own Tax which it may be or become in the future liable to pay in terms of law (and any
other costs attached thereto such as interest, penalties, additional tax or similar costs) which is connected, directly or indirectly with this Agreement and which may arise in relation to any transfer of shares contemplated by this Agreement, with
any stamp duty payable being the responsibility of the respective purchaser and any capital gains tax being the responsibility of the respective seller. 
  

	11.	 TRADEMARKS AND INTELLECTUAL PROPERTY 

The Parties agree that any intellectual property and ancillary rights acquired or developed by the Parties, including trade names, trademarks
and web domain names and as disclosed in Schedule 5, shall remain the exclusive property of the respective Party. 

  
  

11 

  
  

	12.	 WAIVER OF RIGHTS 

Failure by either Party to exercise any right pertaining to it under this Agreement shall not be construed as a waiver of any such right or of
the corresponding obligation of any other Party. 
 Any waiver by a Party in respect of a failure by any other Party to perform any
provision of this Agreement shall not operate or be construed as a waiver in respect of any other failure whether of a like or different character. 
  

	13.	 AMENDMENTS 

No amendment of this Agreement (or of any of the documents referred to in it) shall be valid unless it is in writing and fully executed by or
on behalf of all the parties to it. 
  

	14.	 SEVERABILITY 

Each of the provisions of this Agreement is severable. If any such provision is held to be or becomes invalid or unenforceable in any respect
in any jurisdiction it shall have no effect in that respect, and the Parties shall then use all reasonable efforts to replace the invalid or unenforceable provision by a valid provision the effect of which is as close as possible to its intended
effect. 
  

	15.	 WHOLE AGREEMENT 

This Agreement, including the Schedules and the other documents mentioned herein represent the entire agreement between the Parties in relation
to the subject matter hereof and shall, with effect from the date hereof, supersede any previous agreement or understanding between all or any of the Parties in relation to all or any such matters. 

 

	16.	 GOVERNING LANGUAGE 

This Agreement is drawn up in the English language. if this Agreement is translated into another language, the English language text prevails.
Each notice, demand, request, statement, instrument, certificate or other communication given, delivered or made by a Party to any other Party under or in connection with this Agreement shall be: 

 

	 	(a)	 in English; or 

  

	 	(b)	 if not in English, accompanied by an English translation made by a translator, and certified by such translator to be accurate.

 The receiving Party shall be entitled to assume the accuracy of and rely upon any English translation of any document
provided pursuant to this Clause. 
  

	17.	 COUNTERPARTS 

This Agreement may be executed in any number of counterparts, each of which shall be an original, and such counterparts shall together
constitute one and the same agreement. 
  

	18.	 GOVERNING LAW 

  
  

12 

  
  

 The construction, validity and performance of this Agreement shall be governed and construed
in all respects by the laws of Malta. 
  

	19.	 ARBITRATION 

Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach, termination or invalidity thereof, or any other
issue which may arise in virtue of this Agreement and which is referred to be settled by arbitration, shall be settled by arbitration in accordance with Part IV (Domestic Arbitration) of the Malta Arbitration Act, 1996 and the Arbitration Rules of
the Malta Arbitration Centre as at present in force. 

  
  

13 

  
  

 SIGNATURE PAGE 

IN WITNESS whereof this Agreement has been entered into by the Parties on the day and the year first before written. 

 
  
  

									
	/s/ Micha Withoft	 		 	 
	Name:	 	 MICHA WITHOFT
 ATTORNEY-IN-FACT
	 		 		 	
	duly authorized for and on behalf of:	 		 		 	
				
	Purchasers	 		 		 	
			
	 /s/ Paolo Mazza 
	 		 	/s/ Paolo Mazza
	Name:	 	Paolo Mazza Director	 		 	  Name:	 	Paolo Mazza Attorney-in-fact.
			
	duly authorized for and on behalf of:	 		 	  duly authorized for and on behalf of:
					
	Sellers	 	Berkeley Shipping Inc.	 		 	  Sellers	 	TCV Management and Trust Services Limited
			
	/s/ Paolo Mazza	 		 	 
	Name:	 	Paolo Mazza Director	 		 	  Name:	 	
			
	duly authorized for and on behalf of:	 		 	  duly authorized for and on behalf of:
			
	Company	 		 	  Company

  
  

14 

  
  

 SCHEDULE 1 – FORM OF SHARE TRANSFER INSTRUMENT 

 
 SHARE TRANSFER INSTRUMENT 

BY VIRTUE OF THIS PRIVATE INSTRUMENT, the undersigned, (i) Berkeley Shipping Inc., a private limited liability company incorporated under
the laws of the Marshall Islands with registration number 59296, and having its registered address situated at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands; and (ii) TCV Management and Trust Services Limited,
a private limited company incorporated under the laws of Malta with registration number C17138, and having its registered address at 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta (together, the “Seller”) hereby
sells and transfers to the undersigned SBI Zumba Shipping Company Limited of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands (hereinafter called the “Purchaser”) who accepts, purchases and acquires
one thousand five hundred (1500) Ordinary shares of €1 (One Euro) each, twenty percent (20%) paid up (the “Shares”), in Belgrave Shipping Limited (Company number C61809), a limited liability company registered and
incorporated under the Laws of Malta and having its registered office at 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta, in consideration of the total price of United States Dollars Six Million Two Hundred Thousand
(US$6,200,000) payable by the Purchaser to the Seller or other valuable consideration. 
 It is hereby agreed that the Purchaser will hold
the Shares under the same conditions as they were held by the Seller and all dividends and rights arising from the Shares shall vest in their entirety in the Purchaser. 

Signed and executed by the Seller and the Purchaser as above named this the [—] day of
December, 2013. 
  
  

							
	  
	 		 	  
	 	
	  [—]	 		 	  Name: [—]	 	
				
	  Seller	 		 	  Capacity: 	 	
				
		 		 	  Witness to Signature	 	
				
		 		 	  Official Stamp:	 	
				
	  
	 		 	  
	 	

  
  

15 

  
  

					
	  
	 		 	  

	  [—]	 		 	  Name: [—]
			
	  Purchaser	 		 	  Capacity:
			
		 		 	  Witness to Signature
			
		 		 	  Official Stamp:

  
  

16 

  
  

 SCHEDULE 2 – FORM OF WAIVER 

To: The Board of Directors 

Name: Belgrave Shipping Ltd (the “Company”) 

Address: 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta 

 
 Date: 

 
 Dear Sirs, 

RE: PROPOSED TRANSFER OF SHARES IN THE COMPANY 

We hereby waive any pre-emption rights which we may be entitled to under the Company’s Memorandum and Articles of Association or under
applicable law in connection with the proposed transfer of [one][one thousand four hundred ninety nine ([1][1,499]) Ordinary shares of €l (each) by [—] to SBI Sousa Shipping Company Limited
for the price of US$4133.33 per share. 
  
  

 

	
	  

	  [—]
	
	   For and on behalf of

	
	  [—]
	
	  Shareholder

  
  

17 

  
  

 SCHEDULE 3 – FORM OF RESIGNATION LETTERS 

 
 To: The Board of Directors 

BELGRAVE SHIPPING LIMITED (the “Company”) 

Address: 103, Palazzo Pietro Stiges, Strait Street, Valletta VLT 1436, Malta 

 
 Date: 

 
 Dear Sirs, 

I, [—], do hereby tender my resignation as a director of the Company with effect from the
[—], 2013. 
  
  

 

	
	  

	  [—]
	
	  Director

  
  

18 

  
  

 SCHEDULE 4 – STATUTORY FORM F 

Form F 
  

															
	No. of Company	 	 	  		  		  		  		  		  	

 MERCHANT SHIPPING (Shipping Organisations – Private Companies) Regulations 

Notice of transfer or transmission of shares 

Pursuant to Regulation 36(3) 
  

 

							
	Name of Company	  	  
	  	

							
			
	Delivered by	  	  
	  	
		
	  
	  	

 To the Registrar of Companies: 

					
	(a)	 	 	 	

 hereby gives notice in accordance with regulation 36(3) of the Merchant Shipping (Shipping Organisations –
Private Companies) Regulations that 

									
	(b)	 	 	 	shares having a nominal value of	 	 	 	per share have been transferred/transmitted causa mortis* as

 indicated hereunder. 
  

							
	 Name and Address of    

transferor/deceased*    
	 	
    Name and Address of transferee/    

    person entitled to shares    

    transmitted*    
	 	
  No. of shares   
transferred/ 

transmitted* 
	 	
  Type and
  Class of

  shares

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 The above transfer / transmission causa mortis* of shares has been registered with the company / in the
name of the person entitled to 

					
	 be the registered holder *on the
	 	 	  	

  
  

					
	Signature	 	  
	 	
		 	Director/Secretary/Manager*	 	

  

													
	Dated this	 	 	 	day of	 	 	 	of the year	 	 	 	

  
  

This form must be completed in typed form. 

(a) State company name. 
 (b) State number of
shares. 
 *    Delete as necessary. 

  
  

19 

  
  

 SCHEDULE 5 – DISCLOSURES 

 
 Assets and Liabilities 

Shipbuilding Contract 
  

Intellectual Property and Trademarks 
 n/a 

 
 Insurance Policies 

None 

  
  

20 

  
  

 SCHEDULE 6 REPRESENTATIONS AND WARRANTIES 

Specific Representations and Warranties: 

The Sellers hereby jointly and severally make the following specific representations and warranties set out below to Purchasers:- 
  

	 	1.	 Corporate Information: 

The Shares shall be sold free from all liens, pledges, charges and encumbrances and third party rights, together with all
rights of any nature attaching to them including all rights to any dividends or other distributions declared, paid or made after the date of the transfer of shares; 
  

	 	2.	 Constitutional Documents, Corporate Registers and Minute Books 

 

	 	(A)	 The constitutional documents provided to the Purchasers are true and accurate copies of the constitutional documents of the Company;

  

	 	(B)	 The registers and statutory books and books of account of the Company which are required to be maintained under applicable law have been maintained
in accordance with applicable law in all material respects and fairly reflect in all material respects and consistent with past practices of the Company all matters required to be dealt with in such books and records by applicable law ;

  

	 	3.	 As of the Closing Date the Company has not entered into and does not have any undisclosed financial facilities (including loans, derivatives and
hedging arrangements); 

  

	 	4.	 As of the Closing Date there is no outstanding guarantee, indemnity, suretyship or security (whether or not legally binding) given by the Company;
or for the benefit of the Company; 

  

	 	5.	 The Sellers undertake, procure and guarantee that the Sellers will fully cooperate, in taking the necessary steps to give full effect to the
Agreement; 

  

	 	6.	 The Sellers guarantee that the Company and any entity which may be part of the structure has no other liabilities, other than those disclosed in
Schedule 5 of this Agreement and will indemnify the Purchasers fully and on first demand for all liabilities exceeding the foregoing; 

  

	 	7.	 The Sellers guarantee that the Company is not engaged in, nor is any officer of the Company engaged in, any legal proceedings (including
litigation, arbitration. prosecution or any hearing before any tribunal or official body). There are no such proceedings pending or threatened and 

  
  

21 

  
  

	 	 
there has been no act, omission or other occurrence that will or is likely to give rise to any such proceedings; 

 

	 	8.	 No notice or intimation has been received that the Company is in breach of any licence, legislation or regulations; 

 

	 	9.	 There are no arrangements or undertakings pursuant to which the Company (i) is borrowing or is entitled to borrow any money, (ii) is
lending or has committed itself to lend any money, or (iii) is a guarantor with respect to the obligations of any person other than as disclosed in Schedule 5; 

 

	 	10.	 The Company does not have any employees; 

  

	 	11.	 The register and minute book are up to date; 

  

	 	12.	 All returns, particulars, resolutions and other documents required to be delivered by the Company to the relevant authorities have been properly
prepared and delivered; 

  

	 	13.	 The Company has complied with the applicable tax laws and regulations and has paid all taxes and has made all withholdings required to be paid or
made. The Company has filed all tax returns, forms and declarations required to be filed by it, and has paid all taxes owing by it except taxes which have not yet accrued or otherwise become due and duly made provisions for the payment of the
applicable taxes; 

  

	 	14.	 No tax authority is asserting the Company or threatening to assert against the Company any deficiency or claim for reduction of tax credits,
additional taxes, or interest thereon or penalties in connection therewith; 

  

	 	15.	 All the taxes, claims and refunds claims, deducted or recovered by the Company, including VAT, have been duly received and the Company was duly
entitled to such claims, deductions or recoveries; 

  

	 	16.	 Schedule 5 contains a complete and correct list of all policies of insurance maintained by the Company, and of the respective general, special and
particular conditions, in effect on the date hereof, together with complete and correct information with respect to the premiums, coverage, insurers, expiration dates, (and deductibles in respect of such policies); 

 

	 	17.	 There are no claims pending or, threatened under any of said policies, or disputes with insurers, and at the present date all premiums due and
payable thereunder have been paid, and all such policies are in full force and effect in accordance with their respective terms; 

  

	 	18.	 The Company has not produced any financial statements or accounts; 

  
  

22 

  
  

	 	19.	 The Sellers guarantee that alt the assets and liabilities of the Company have been disclosed in Schedule 5; 

 

	 	20.	 The Company has conducted its business and dealt with its assets in all material respects in accordance with all applicable and legal and
administrative requirements; 

  

	 	21.	 The Sellers guarantee that there are no outstanding options or other rights of the Company’s shareholders or any third party to subscribe,
purchase or acquire any Shares of the Company which have not been waived; 

  

	 	22.	 The Sellers guarantee that the Company is not insolvent and no order has been made or resolution passed for the winding up of the Company and no
application has been made for the appointment of a liquidator; 

  

	 	23.	 There are no circumstances which would entitle any person to present a petition for the winding up of the Company or to apply for the appointment
of a liquidator. 

  

	 	24.	 The Sellers have disclosed to the Purchasers all documents/information in their possession that would or might be relevant to the Purchasers and
there are no other documents/information not disclosed which contents can in any way contradict the documents/information disclosed; 

  

	 	25.	 The Sellers guarantee that the Shares are not affected by or subject to any precautionary or executive warrants. 

 

	 	26.	 With effect from the date hereof and the Closing Date that, to the best of their knowledge, neither they nor any of their directors, officers,
agents, employees, representatives or any other similar person acting for or on behalf of the foregoing in connection with the transactions contemplated in this Agreement, has offered, paid, promised to pay, or authorized the payment of any money,
or offered, given a promise to give, or authorized the giving of anything of value, to any government official, political party or official thereof or to any candidate for political office (or to any person where it or any of its directors,
officers, agents, employees, representatives of any other similar person knew or was aware of a high probability that all or a portion of such money or thing of value would be offered, given or promised, directly or indirectly, to any government
official, political party, party official or candidate for political office) for the purpose of: 

  

(1) influencing any act or decision of such government official, political party, party official or candidate in his or her
official capacity; or 

  
  

23 

  
  

 (2) inducing such government official, political party, party official or
candidate to do or omit to do any act in violation of the lawful duty of such government official, political party, party official or candidate; or 

(3) securing any improper advantage; or 

(4) inducing such government official, political party, party official or candidate to use his or her influence with any
governmental authority to affect or influence any act or decision of such governmental authority, in order to assist it in obtaining or retaining business, the transactions contemplated by this Agreement. 

Each of the Sellers warrants and undertakes to the Purchasers with effect of the date hereof and the Closing Date that: 

 

	 	(1)	 it has not engaged in any activity, practice or conduct which would constitute a breach of any applicable law or convention relating to the
prevention of bribery and corruption including, but not limited to: (A) the UK Bribery Act 2010 (the “Bribery Act”); (B) the United States Foreign Corrupt Practices Act of 1977 (as amended); and (C) the Convention on
Combating Bribery of Foreign Public Officials in International Business Transactions, signed in Paris on December 17, 1997, which entered into force on February 15, 1999, and the Convention’s Commentaries; 

 

	 	(2)	 it has maintained in place adequate procedures designed to prevent it or any of their respective directors, officers, employees, agents or other
persons acting on the behalf of any of the foregoing, from undertaking any conduct that would give rise to an offence under the Bribery Act (as each such term is defined in the Bribery Act); and 

 
  

	 	(3)	 it has not violated in any material respect any applicable law or regulation in connection with this Agreement, or in connection with the carrying
on of its business (including, without limitation, the US Foreign Account Tax Compliance Act and the US Foreign Corrupt Practices Act). 

  
  

24

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00224-of-00352.parquet"}]]