Document:

ex_211174.htm

 

 

Exhibit 10.2

EXECUTION VERSION

 

[REDACTED] Indicates that certain information in this exhibit has been excluded because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

 

 

Mobile Virtual Network Enabler (“MVNE”) Master Services Agreement 

 

This Mobile Virtual Network Enabler (“MVNE”) Master Services Agreement (this “MSA” and, together with the recitals and any and all schedules, exhibits and attachments hereto, and any Order Forms entered into by the Parties as of or after the Effective Date, collectively, this “Agreement”) is made and entered into to be effective as of August 1, 2020 (the “Effective Date”) by and between Ting, Inc., a Delaware corporation and mobile virtual network enabler services provider having a place of business at 96 Mowat Ave, Toronto, Ontario, M6K 3L7 (“MVNE SP”),  DISH Wireless L.L.C., a Colorado corporation (“DISH”) having a place of business at 9601 South Meridian Boulevard, Englewood, Colorado 80112 (the “Location”). DISH and MVNE SP may be referred to in this Agreement individually as a “Party” and, collectively, as the “Parties.” Capitalized terms used herein shall have the meanings set forth in this Agreement.

 

 

Recitals

 

WHEREAS, MVNE SP is engaged, among other things, in the business of providing certain enabling services, Professional Services and any and all other services pursuant to this Agreement, or any combination thereof, including the services described in any Schedules or Order Forms (collectively, the “Services”); and

 

WHEREAS, DISH desires to obtain access to and utilize certain of the Services provided by MVNE SP, and MVNE SP desires to provide the Services to DISH, on the terms and subject to the conditions set forth in this Agreement; and

 

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, MVNE SP and DISH agree as follows:

 

 

Agreement

 

	
			1.

				
			DEFINITIONS.

			

 

 

	 	
			1.1.

				
			“Action” shall mean any action, suit, claim, complaint, litigation, investigation, audit, proceeding, arbitration or other similar dispute.

			

 

	 	
			1.2.

				
			“Activations Footprint” means the geographic areas in the Territory, as defined by postal zip code designated by the Underlying Carrier from time to time, which are available to activate the MVNO Offerings for End Users through the Service Transaction Gateway. DISH is responsible to ensure that the Underlying Carrier will include all zip codes in the Activations Footprint that (i) are in areas that are within the Territory, excluding Territory serviced by Roaming carriers; and (ii) are within a Local Calling Area.

			

 

1

 

 

	 	
			1.3.

				
			“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with such Person as of the date on which, or at any time during the period for which, the determination of affiliation is being made (for purposes of this definition, the term “control” (including the correlative meanings of the terms “controlled by” and “under common control with”), as used with respect to any Person, means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise). DISH’s Affiliates do not include EchoStar Corporation or any of its direct or indirect wholly owned subsidiaries

			

 

	 	
			1.4.

				
			“Agreement” has the meaning set forth in the preamble.

			

 

	 	
			1.5.

				
			"Authorized Representative" means an authorized representative of a Party, which authorized representative for DISH is an officer of DISH holding a title not less senior than senior vice president only and for MVNE SP is an officer of MVNE SP holding a title of not less senior than vice president.

			

 

	 	
			1.6.

				
			“Boost Subscribers” means subscribers for DISH’s Boost branded MVNO or MNO service (or any subsequent brand name for the service currently branded as “Boost”).

			

 

	 	
			1.7.

				
			“Business Data” mean any and all data, content and/or other consumer, prospect, business and/or other data or information, including, without limitation, information and data generated from DISH’s or any DISH Affiliate’s use of the Services, and any data and information collected, created, generated, processed and/or otherwise developed in connection with the Services (e.g., without limitation, rates, rate plans, equipment records and usage and viewer data, statistics, and/or other information, and customer notices, whether stripped or scrubbed of personally identifiable information or otherwise anonymized or de-identified, and whether obtained directly or indirectly from DISH, a DISH Affiliate or any other third party).

			

 

	 	
			1.8.

				
			“Business Day” means any day ending at 11:59 p.m. (Eastern Time) other than a Saturday, a Sunday or a day on which banks in the City of New York are authorized or obligated by Law or executive order to close.

			

 

	 	
			1.9.

				
			“Change Request” has the meaning set forth in Section 2.6 of the Agreement.

			

 

	 	
			1.10.

				
			“Change Request Offer” has the meaning set forth in Section 2.6 of the Agreement.

			

 

	 	
			1.11.

				
			“Claim” means any costs, losses, liabilities, damages, lawsuits, judgments, claims, actions, penalties, fines and expenses (including, without limitation, interest, penalties, reasonable attorneys’ fees and all other monies paid in the investigation, defense or settlement of any or all of the foregoing).

			

 

	 	
			1.12.

				
			“Compliance Auditor” has the meaning set forth in Schedule I.

			

 

	 	
			1.13.

				
			“Customer Offerings” means DISH’s MVNO and MNO offerings to a Person based on the wireless communications services that the Underlying Carrier (or DISH in the case of MNO offerings) will provide to such Person as a service offered by DISH or a DISH Affiliate. MVNO and MNO Offerings include Data Services, Roaming, SMS Services, Voice Services and other wireless communication services. For the avoidance of doubt, MVNE SP’s Services are limited to supporting those Customer Offerings explicitly identified in this Agreement or as otherwise agreed in writing between the parties and may not include all services supported by the Underlying Carrier in its agreement with DISH. For further clarity, Customer Offerings do not include pay television or video offerings including, without limitation, digital broadcast satellite television, online streaming video services (e.g., Sling Television) or similar services.

			

 

2

 

 

	 	
			1.14.

				
			“Data Service” means the data service provided by Underlying Carrier (if any).

			

 

	 	
			1.15.

				
			“Data Center Operator” has the meaning set forth in Schedule I

			

 

	 	
			1.16.

				
			“Deliverables” means any files, works, inventions, products, processes, apparatuses, designs, artwork, materials, creative and/or other intellectual property of any nature whatsoever and any enhancements, modifications or improvements thereto resulting from and/or suggested thereby, that MVNE SP or any of MVNE SP’s employees, individually or jointly, improved, created, invented, discovered, conceived, originated, reduced to practice or otherwise developed for DISH or its Affiliate(s) and/or in connection with the Services provided pursuant to this Agreement, including, without limitation, software and/or prototypes of software.

			

 

	 	
			1.17.

				
			“Developments” Has the meaning set forth in Section 13.

			

 

	 	
			1.18.

				
			“Device” means a single unit of radio telephone equipment having a unique IMEI (including the associated SIM Card) for use in connection with its own Number which includes operating system and other software, which is technically and operationally compatible with the Facilities.

			

 

	 	
			1.19.

				
			“DISH” is defined in the preamble of this Agreement.

			

 

	 	
			1.20.

				
			“DISH Competitor” means any Person and its Affiliates providing retail wireless communications services, including, without limitation, data services, roaming, SMS services and voice services, whether as a mobile network operator, a mobile virtual network operator or otherwise.

			

 

	 	
			1.21.

				
			“DISH Data” means any and all information of DISH, including, without limitation, Business Data, Subscriber Information and any and all other Confidential Information of DISH and/or its Affiliates, regardless of the method such information is received, collected or otherwise processed and regardless of the form, format or medium in or on which such data and/or information is stored.

			

 

	 	
			1.22.

				
			“DISH Indemnitees” has the meaning set forth in Section 11.1 of this Agreement.

			

 

	 	
			1.23.

				
			“DISH Materials” any (i) designs, documents, data, know-how, instructions, information, methodologies, software, and other materials provided to MVNE SP by DISH, including computer programs, reports, or (ii) any descriptions, details or information regarding enhancements.

			

 

	 	
			1.24.

				
			“DISH Subscribers” means any End User who receives any Customer Offering from DISH or its Affiliates enabled by the MVNE SP Services. For the avoidance of doubt, DISH Subscribers include, without limitation, Boost Subscribers and Ting Subscribers.

			

 

	 	
			1.25.

				
			“DISH User” means the respective employees, agents, representatives, and/or consultants designated or authorized by DISH or any DISH Affiliate to use the Services.

			

 

	 	
			1.26.

				
			“DISH Works” means any and all Intellectual Property and/or other works developed or created by or on behalf of MVNE SP or its Affiliates for DISH or its Affiliates pursuant to a Statement of Work and identified as being “DISH Works” or specified as being owned by DISH in a Statement of Work. DISH Works include any modifications to or developments for the website or mobile application offered to or used by Boost Subscribers unless explicitly addressed otherwise in a Statement of Work in such case the Statement of Work shall control.

			

 

	 	
			1.27.

				
			“EDGE” means Enhanced Data rates for GSM Evolution.

			

 

	 	
			1.28.

				
			“Effective Date” means the date set forth in the beginning of this Agreement, or if no date is set forth, then the later of the two signatures attached to this Agreement.

			

 

	 	
			1.29.

				
			“End User” means a Person who obtains any Customer Offerings from DISH.

			

 

3

 

 

	 	
			1.30.

				
			“End User Documentation” means any and all End User documentation made available to MVNE SP and/or its Affiliates by DISH for distribution to End Users either digitally or in hard copy format, including, without limitation, operating, training and reference manuals relating to the use of the Customer Offerings, and any other materials or documents and any enhancements, modifications or upgrades thereto, made available to MVNE SP and/or its Affiliates by DISH from time to time pursuant to this Agreement.

			

 

	 	
			1.31.

				
			“Enhancements” means any updates, upgrades, modifications, new releases and corrective programming to the Hosted Service provided as part of Support Services. For clarity, Enhancements do not include any custom enhancement, modification or improvement MVNE SP provides specifically for DISH or any DISH Affiliate as explicitly identified in a Schedule, Service Order or Statement of Work, which shall be considered a “Deliverable”

			

 

	 	
			1.32.

				
			“Equipment” means all or any portion of the equipment, software, technology, handsets, accessories, Devices, or other materials or equipment used by DISH in its business operation or by End Users in their use of the MVNO Offerings.

			

 

	 	
			1.33.

				
			“Expiration Notice” has the meaning set forth in Section 12.3 of this Agreement.

			

 

	 	
			1.34.

				
			“Facilities” means the communications switching equipment and cell site transceiver equipment, maintained, expanded, modified or replaced by the Underlying Carrier to render service to DISH such that DISH can make Customer Offerings available to End Users in the Territory; or (b) DISH to provide MNO Customer Offerings to End Users

			

 

	 	
			1.35.

				
			“FCC” means the Federal Communications Commission.

			

 

	 	
			1.36.

				
			“Fees” means the fees, charges and/or other amounts expressly specified in the Agreement or applicable Schedule(s), Order Form or Statement of Work. For the avoidance of doubt, all Fees referenced in this Agreement are in United States Dollars unless expressly noted otherwise

			

 

	 	
			1.37.

				
			“Force Majeure Event” has the meaning set forth in Section 18.4 of this Agreement.

			

 

	 	
			1.38.

				
			“Fraudulent Usage” means use of the network of an Underlying Carrier in a manner that is not permitted by the agreement between DISH and the relevant Underlying Carrier or that is not permitted by the agreement between DISH or the relevant DISH Affiliate and the End User.

			

 

	 	
			1.39.

				
			“Gigabyte” or “GB” means 1,073,741,824 bytes.

			

 

	 	
			1.40.

				
			“GPRS” means General Packet Radio Service.

			

 

	 	
			1.41.

				
			“GSM” means the Global System for Mobile Communications, a “time division-based” wireless communications standard.

			

 

	 	
			1.42.

				
			“Hosted Service” means the software and services described in this Agreement, including any Order Forms, Statements of Work, Schedules or attachments hereto using the Ting Platform.

			

 

	 	
			1.43.

				
			“Hosted Services Documentation” means any and all documentation, including, without limitation, operating, training and reference manuals relating to the use of the Hosted Service by DISH Users, and any other materials or documents and any enhancements, modifications or upgrades thereto, made available to DISH and/or its Affiliates by Vendor from time to time pursuant to this Agreement.

			

 

	 	
			1.44.

				
			“Indemnified Party” has the meaning set forth in Section 11.5.1 of this Agreement.

			

 

	 	
			1.45.

				
			“Indemnifying Party” has the meaning set forth in Section 11.5.1 of this Agreement.

			

 

	 	
			1.46.

				
			“IMEI” means International Mobile Equipment Identity, the unique permanently assigned identification number installed in each Device when it is manufactured.

			

 

4

 

 

	 	
			1.47.

				
			“Intellectual Property” means all patentable and unpatentable inventions, works of authorship or expression, computer programs, data collections and databases, and trade secrets, products, processes, apparatuses, technology, platforms, methodologies, techniques, ideas, concepts, designs, tools, , data, documentation, information and know-how, each regardless of the origin, form or media in or on which the original and/or any copy may at any time exist, and in each case, including all rights therein or thereto anywhere in the world.

			

 

	 	
			1.48.

				
			“IP Claim” means any Claims arising from or relating to any actual or alleged infringement or misappropriation of any Intellectual Property of a third party (not including any DISH Affiliates) arising from or in connection with the Services as provided by or on behalf of MVNE SP to DISH.

			

 

	 	
			1.49.

				
			“Knowledge” means the actual knowledge, after reasonable inquiry of direct reports, of (a) the individuals listed on Schedule K with respect to MVNE SP.

			

 

	 	
			1.50.

				
			“Law” means any federal, state, local or non-U.S. law, statute or ordinance, common law, or any rule, regulation, standard, judgment, Order, writ, injunction, decree, arbitration award, agency requirement, license or Permit of any Governmental Entity.

			

 

	 	
			1.51.

				
			“Licensed Data” means data, reports and other information provided to DISH and/or its Affiliates by MVNE SP or a third party in connection with the Services.

			

 

	 	
			1.52.

				
			“Letter of Completion” means a letter that: (a) describes the applicable phase(s), deliverables, and/or milestones and outcomes achieved, and, as necessary, the circumstances indicating its (or their) achievement; (b) sets forth dates worked and the corresponding Professional Services performed; and (c) has been duly executed by MVNE SP’s Authorized Representative designee and submitted to DISH. 

			

 

	 	
			1.53.

				
			“Local Calling Area” means any and all geographic areas in the Territory which include areas within a Rate Center (i) where the Underlying Carrier (or DISH in the case of MNO offerings) actively manages Local Numbers (“Underlying Carrier Rate Center”), and (ii) from which a local exchange carrier offers at least one local calling plan to DISH on an Underlying Carrier Rate Center.

			

 

	 	
			1.54.

				
			“Local Number” means a Number that the Underlying Carrier provides to DISH, or in the case of MNO offerings, a Number provided by DISH to which Number a local exchange carrier provides at least one local calling plan from the zip code submitted to the Underlying Carrier by MVNE SP on behalf of DISH as part of DISH’s request to activate a Customer Offering to a SIM Card.

			

 

	 	
			1.55.

				
			“Location” has the meaning set forth in the preamble to this Agreement.

			

 

	 	
			1.56.

				
			“LTE” means Long Term Evolution mobile communication standard of format (as defined in the applicable 3rd Generation Partnership Project or “3GPP” standards) as the same may be modified, updated or amended from time to time.

			

 

	 	
			1.57.

				
			“MNO” or “Mobile Network Operations” means a wireless communications service offering of DISH and/or a DISH Affiliate in which DISH and/or its relevant Affiliate(s) relies on its own wireless network to provide wireless connectivity for such service offering.

			

 

	 	
			1.58.

				
			“Monthly Average” means, for the relevant invoice period, the quotient determined by dividing: (a) the sum of the number of total DISH Subscribers for each day during the invoice period; by (b) the total number of days in the invoice period.

			

 

	 	
			1.59.

				
			“Monthly Service Fees” shall have the meaning provided for in Schedule C.

			

 

5

 

 

	 	
			1.60.

				
			“MSISDN” means the Mobile Subscriber Integrated Services Digital Network Number uniquely identifying a SIM Card.

			

 

	 	
			1.61.

				
			“MVNE” is defined in the preamble of the Agreement.

			

 

	 	
			1.62.

				
			“MVNE SP” acronym for MVNE Service Provider and is defined in the preamble of the Agreement and refers specifically to Ting, Inc.

			

 

	 	
			1.63.

				
			“MVNO” means a wireless communications service offering of DISH and/or a DISH Affiliate in which DISH and/or its relevant Affiliate(s) relies on an Underlying Carrier to provide the network for wireless connectivity for such service offering.

			

 

	 	
			1.64.

				
			“Number” means the ten (10) digit telephone number (Numbering Plan Area/Numbering Plan Exchange or “NPA/NXX”) assigned by Underlying Carrier to a SIM Card used to provide access to DISH’s Customer Offerings.

			

 

	 	
			1.65.

				
			“Order Form(s)”. At any time and from time to time during the Term, additional products and/or services may be provided by MVNE SP to DISH pursuant to an Order Form or statement of work executed by Authorized Representatives of each of the Parties (each referred to herein as an “Order Form”) or as otherwise specified in this Agreement or necessary for the use of any Services described herein. Each Order Form will be in substantially the form attached to this Agreement as Schedule G (Sample Order Form), which Schedule G is hereby attached to and incorporated in this Agreement by this reference in its entirety. Notwithstanding the foregoing, in the event that DISH elects to renew or extend any Service Term, below, then (a) MVNE SP will provide a quote to DISH for the Services to be renewed pursuant to the terms and conditions of the applicable Order Form; (b) following receipt of such quote, DISH will review and issue a purchase order to MVNE SP; and (c) MVNE SP will invoice DISH for the Services in accordance with the applicable Order Form. For clarity, any terms and/or conditions in MVNE SP’s quote or DISH’s purchase order that are inconsistent with the provisions of this Agreement shall be of no force or effect.

			

 

	 	
			1.66.

				
			“Party” has the meaning set forth in the preamble to this Agreement.

			

 

	 	
			1.67.

				
			“Person” means any natural person, corporation, company, partnership (general or limited), limited liability company, trust or other.

			

 

	 	
			1.68.

				
			“Personnel” means any and all employees, agents, representatives, consultants, contractors, subcontractors and other designees of either MVNE SP or DISH, as applicable, and their Affiliates and/or any other person or entity under the direct or indirect control or direction of DISH or MVNE SP or their Affiliates.

			

 

	 	
			1.69.

				
			“Platform Revenue” means all revenue or other consideration delivered by DISH or any other Person to MVNE SP, any successor, assignee or licensee thereof, and any of their respective Affiliates, in each case that is related, either directly or indirectly, to the Ting Platform or such substantially similar service; provided that, any one-time payments (e.g. non-recurring payments or payments that are a prepayment for recurring services that would otherwise be provided over time) in excess of One Million Dollars ($1,000,000) shall be applied to Service Revenue on a prorated basis for the period of time over which such payments would have otherwise been made in the absence of a one-time payment.

			

 

	 	
			1.70.

				
			“Pre-Existing Intellectual Property” has the meaning set forth in Section 13.1 of this Agreement.

			

 

	 	
			1.71.

				
			“Primary MVNE Provider” means that MVNE SP is the primary provider to DISH of retail billing and provisioning services for 5G retail customers of DISH’s retail Customer Offerings.

			

 

6

 

 

	 	
			1.72.

				
			“Professional Services” means implementation, training, consulting and other services set forth in the applicable Order Form.

			

 

	 	
			1.73.

				
			“Professional Services Rates” means the hourly rates set forth in the applicable Order Form for professional services provided at an hourly rate.

			

 

	 	
			1.74.

				
			“PTCRB” means PCS Type Certification Review Board.

			

 

	 	
			1.75.

				
			“Purchase Agreement” means that certain Asset Purchase Agreement between DISH Wireless L.L.C. and Tucows, Inc., dated as of August 1, 2020.

			

 

	 	
			1.76.

				
			“Rate Center” means a geographic area that is used by a local exchange carrier to set rate boundaries for billing and for issuing Numbers.

			

 

	 	
			1.77.

				
			“Records” has the meaning set forth in Section 16 of this Agreement.

			

 

	 	
			1.78.

				
			“Roaming” means the service provided to a DISH via communications switching equipment or cell site transceiver equipment that is operated by a Person other than Underlying Carrier (or DISH in the case of MNO offerings) or its wholly-owned subsidiaries, and with whom Underlying Carrier or DISH, as applicable has an agreement to provide service to Customers.

			

 

	 	
			1.79.

				
			“Services” has the meaning set forth in the recitals to this Agreement. For clarity, all references to Services include, without limitation, the Deliverables, Enhancements, Hosted Service, Hosted Service Documentation, Licensed Data, Support Services, Professional Services, and the Ting Platform.

			

 

	 	
			1.80.

				
			“Service Term” has the meaning set forth in Section 12.1 of this Agreement.

			

 

	 	
			1.81.

				
			“Service Transaction Gateway” means the electronic application programming interface between the Underlying Carrier and MVNE SP established on behalf of DISH through which DISH may view and perform transactions related to End Users’ SIM Cards.

			

 

	 	
			1.82.

				
			“SIM Card” means Subscriber Identity Module card.

			

 

	 	
			1.83.

				
			“SLAs” has the meaning set forth in Section 2.12 of this Agreement.

			

 

	 	
			1.84.

				
			“SMS” means a short message service text message with up to 160 characters of 7-bit ASCII text or 140 bytes of data sent from (i.e., SMS-Mobile Originated or “SMS-MO”) or to (i.e., SMS-Mobile Terminated or “SMS-MT”) an End User’s Device.

			

 

	 	
			1.85.

				
			“SMSC” means a short messaging service center operated by or for Underlying Carrier that manages the distribution of SMSs to End Users.

			

 

	 	
			1.86.

				
			“SMS Aggregator” means a third party SMS provider that provides SMS aggregation services on behalf of MVNE SP, the Underlying Carrier or both parties.

			

 

	 	
			1.87.

				
			“SMS Service” means the SMS service provided by Underlying Carrier (if any) as further described in the separate agreement entered into by DISH and the Underlying Carrier.

			

 

	 	
			1.88.

				
			“SMS Short Code” means a unique code that enables the SMSC to identify DISH as the intended recipient of a SMS and route the SMS to Customer.

			

 

	 	
			1.89.

				
			“Specifications” means the descriptions of services, technical details of the Services, whether provided for in the Schedules, any Order Form, or Statement of Work agreed to by the Parties in writings executed by Authorized Representatives of the Parties.

			

 

	 	
			1.90.

				
			“SSAE 18” has the meaning set forth in Schedule I

			

 

	 	
			1.91.

				
			“SSAE 18 Report” has the meaning set forth in Schedule I

			

 

7

 

 

	 	
			1.92.

				
			“Statement of Work” means a document signed by both Parties setting for a statement of work for feature development, integration work or other professional services of any kind that DISH desires MVNE SP to provide pursuant to this Agreement, which feature development, integration work or other professional services shall be deemed Services pursuant to this Agreement.

			

 

	 	
			1.93.

				
			“Subscriber Information” means the names, addresses, email addresses, internet protocol addresses, other identifying information and other nonpublic information of DISH Subscribers provided to MVNE SP or its Affiliates by DISH or its Affiliates pursuant to this Agreement or otherwise obtained by MVNE SP in connection with its performance of the Services and includes “Customer Proprietary Network Information” as such term is defined in Schedule I.

			

 

	 	
			1.94.

				
			“Support Services” means the maintenance, technical support and Enhancements provided to DISH and DISH’s Affiliates in accordance with this Agreement.

			

 

	 	
			1.95.

				
			“Taxes” means all federal, state or local and all foreign taxes, including income, gross receipts, windfall profits, value added, severance, property, production, sales, use, duty, license, excise, franchise, employment, withholding or similar taxes, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties.

			

 

	 	
			1.96.

				
			“Territory” or “Territories” means those parts of the United States of America including its possessions and territories.

			

 

	 	
			1.97.

				
			“Term” has the meaning set forth in Section 12 of this Agreement.

			

 

	 	
			1.98.

				
			“Termination Effective Date” has the meaning set forth in Section 12 of this Agreement.

			

 

	 	
			1.99.

				
			“Termination Notice” has the meaning set forth in Section 12 of this Agreement.

			

 

	 	
			1.100.

				
			“Ting Platform” means the software and technology stacks used in providing the Services as defined within Schedule A (Scope of Services), an Order Form, Statement of Work or Change Order, as well as any executables, objects, code, scripts, plug-ins, application program interface(s), subroutines, programs, applications, applets, modules, components, scripts, software development kits or other applications or information technologies (e.g., without limitation, cookies, beacons, tags, tokens and/or pixels), work products or other material whether in object, source or other form (e.g., without limitation, HTML or distributed code), and whether delivered in encrypted or unencrypted form, provided by MVNE SP pursuant to this Agreement or otherwise required in connection with this Agreement, or in connection with MVNE SP providing any of the Services to DISH, including, without limitation, the specific applications identified in any Order Form, Statement of Work or Change Order, provided that any applications explicitly identified in any Order Form as exclusively “DISH Works” are excluded from the definition of Ting Platform.

			

 

	 	
			1.101.

				
			“Ting Subscriber” means subscribers to DISH or to DISH’s Affiliates branded MVNO or MNO services (or any subsequent brand name for the service that as of the day before the Effective Date were branded as “Ting”).

			

 

	 	
			1.102.

				
			“Transition Period” has the meaning set forth in Section 12 of this Agreement.

			

 

	 	1.103.	“Transition Period Notice” has the meaning set forth in Section 12 of this Agreement.

 

	 	
			1.104.

				
			“Transition Services Agreement” means that certain Transition Services Agreement, dated August 1, 2020, by and between DISH Purchasing Corporation, a Colorado corporation, and MVNE SP.

			

 

	 	
			1.105.

				
			“Underlying Carrier” means a mobile network operator, wireless service provider, wireless carrier, cellular company, or mobile network carrier with which DISH has a contractual relationship and which has been disclosed to MVNE SP in writing. At the time of execution of this Agreement, the Underlying Carrier is T-Mobile US, Inc.

			

 

8

 

 

	 	
			1.106.

				
			“Underlying Carrier Network” means the wireless network generally accessible to MVNO subscribers (i.e., GSM, GPRS, EDGE, UMTS, HSPA+, and LTE from time to time), including the Underlying Carrier Facilities that are operated by Underlying Carrier, but excludes all successor networks.

			

 

	 	
			1.107.

				
			“Voice Service” means the wireless voice service provided by Underlying Carrier.

			

 

	
			2.

				
			SERVICE AND SERVICE LIMITATIONS.

			

 

	 	
			2.1.

				
			Provision of Service. Subject to the terms and conditions of this Agreement, during the Term, MVNE SP will provide to DISH and DISH’s Affiliates in accordance with this Agreement and any additional terms and conditions set forth in the applicable Order Form or Statement of Work, except as otherwise agreed in connection with the applicable Order Form or Statement of Work, to the extent that MVNE SP provides software to DISH and/or its Affiliates, MVNE SP shall make such software available for electronic download and/or electronic transfer by DISH and/or its Affiliates. The provisioning of Services under this Agreement will not have a per seat license, regardless of the number of DISH Users of the Services.

			

 

	 	
			2.2.

				
			Services Non-Exclusive. Except as provided under Section 2, nothing in this Agreement shall prevent MVNE SP from rendering or performing the Services, in whole or in part, or services similar to the Services to or for itself or other Persons without limitation.

			

 

	 	
			2.3.

				
			Development for DISH Launch. MVNE SP will provide certain customized development services to enable and support the initial roll-out of DISH’s Customer Offerings, consisting of MVNE SP’s consultation and delivery of services, as detailed in the Scope of Work (“SOW”) attached hereto as Schedule A and any exhibits thereto.

			

 

	 	
			2.4.

				
			License Grant 

			

 

	 	
			2.4.1.

				
			License Grant to DISH. In accordance with the terms and conditions of this Agreement, MVNE SP hereby grants to DISH and its Affiliates the nonexclusive, royalty-free, worldwide rights and licenses to access and use any and all Services (including, without limitation, to access and to use the Ting Platform, the Hosted Service, and the Hosted Service Documentation or other Intellectual Property embedded in, or used in the development of, such Services) solely as needed for DISH’s and DISH’s Affiliates’ to use the Services under this Agreement for the business purposes of DISH and its Affiliates, including, without limitation, access to public facing portions of the Services (such as, by way of example and not limitation, an ecommerce website) by End Users. MVNE SP hereby acknowledges and agrees that the DISH Users are included in the foregoing grant to access and to use the Services for DISH’s and DISH’s Affiliates’ business purposes; provided, however, that DISH shall be responsible for ensuring that any such use is in accordance with this Agreement. When this Agreement is terminated or expires for any reason or no reason, all licenses granted by MVNE SP to DISH, and the DISH Users’ rights herein, shall expire at such time.

			

 

	 	
			2.4.2.

				
			License Grant to MVNE SP. DISH hereby grants to MVNE SP, its Affiliates and its subcontractors the nonexclusive, royalty-free, worldwide rights and licenses to access and use any and all DISH Data, DISH Works (including, without limitation, any and all Licensed Data, End User Documentation or other Intellectual Property embedded in, or used in the development of, such Services) solely as needed to perform the Services under this Agreement. When this Agreement is terminated or expires for any reason or no reason, all licenses granted by DISH to MVNE SP shall expire at such time.

			

 

9

 

 

	 	
			2.5.

				
			Ongoing Support Services. After the initial deployment of DISH’s MVNO services, MVNE SP will provide ongoing services in support of DISH’s Customer Offerings in accordance with any and all SLAs (as defined below) and other Specifications. MVNE SP shall provide to DISH and its Affiliates any and all Hosted Service Documentation, bug fixes, updates and any and all other changes to the Services that MVNE SP provides to itself or its other customers without any obligation that DISH, any of its Affiliates or any Hosted Services User satisfy any additional term or condition whatsoever.

			

 

	 	
			2.6.

				
			Change Requests. DISH may, at any time and from time to time, by written notice to MVNE SP, request reasonable modifications and/or additions to the Services as provided within Schedule E, Change Request, pursuant to this Agreement (a “Change Request”). If DISH delivers to MVNE SP a Change Request Form in accordance with Schedule E, then MVNE SP shall review the Change Request as promptly as possible, but in no event more than ten (10) business days following receipt of any such Change Request, and send notice to DISH: (a) offering to provide the requested modifications to DISH as promptly as possible; and (b) detailing any required equitable adjustment to the Fees that will be incurred by MVNE SP in connection with providing such requested modifications and/or additions, if any (such notice, a “Change Request Offer”). In the event that DISH desires to accept the terms of any Change Request Offer, then DISH may sign such Change Request Offer, and the Services shall be modified and/or supplemented in accordance with the Change Request Offer. If MVNE SP cannot provide and/or develop the products and/or services necessary to deliver the modifications set forth in any Change Request, then MVNE SP shall deliver to DISH notice as promptly as possible, but in no event more than ten (10) business days detailing the results of MVNE SP’s evaluation of the Change Request and the reasons for which such modifications cannot be provided. DISH may also request changes to the Change Request Offer and, if the Parties reach agreement to a modified Change Request Offer, upon signature of such Change Request Offer by both Parties, the Services shall be modified as set forth therein.

			

 

	 	
			2.7.

				
			Network Coverage and Underlying Carrier’s Systems. Customer Offerings depend on the network coverage area provided by the Underlying Carrier and will be available within the range of the service area of the Underlying Carrier Network (as this area exists from time to time) in accordance with the separate agreement that DISH has entered into with the Underlying Carrier. MVNE SP provides no warranty regarding the Underlying Carrier’s Facilities and will not incur any liability for any failed 911 calls. MVNE SP provides no warranty regarding the Underlying Carrier’s Facilities and will not incur any liability for problems with Customer Offerings except to the extent that, as between MVNE SP and other parties that maybe responsible for such problems are caused by MVNE SP, its Affiliates’, or its Personnel. MVNE SP will not have any responsibility for modifications, upgrades or decommissions of operational, billing or other support systems made by the Underlying Carrier that have a negative impact on DISH’s use of the Services, Hosted Services Users, Customer Offerings, or End Users due to MVNE SP’s integration with, or reliance upon, such Underlying Carrier systems except where MVNE SP has received prior notice and failed to take actions required under this Agreement or that MVNE SP should reasonably be expected to take as a provider of the Services.

			

 

	 	
			2.8.

				
			Operational Changes to MVNE SP’s Systems.

			

 

	 	
			2.8.1.

				
			Material Adverse Impact. Nothing in this Agreement will prevent MVNE SP from upgrading or changing its operational systems during the Term, provided that if such changes would have a reasonably foreseeable material adverse impact on DISH or the Customer Offerings enabled by the Services, MVNE SP provides DISH not less than thirty (30) days in advance of such changes, and the Parties shall meet and confer to determine how to implement such upgrades or modifications in a manner that causes minimum disruption to DISH and the Customer Offerings enabled by the Services. Except with respect to a Critical Change (as defined below) or changes permitted in accordance with Section 11.3 (IP Claims), MVNE SP may not implement any such changes that will have a material adverse effect on the Services without DISH’s approval. Fees for any Services materially adversely impacted by any such changes will be adjusted to account for the impact of such changes, in an amount mutually agreed between the Parties.

			

 

10

 

 

	 	
			2.8.2.

				
			Critical Changes. In the following instances, MVNE SP may be required to promptly implement changes that could materially adversely impact the Services, and may in some cases be unable to provide thirty (30) days’ prior notice of the change (“Critical Changes”): (i) for purposes of addressing data security issues; (ii) to address upgrades, modifications, or other changes made to Underlying Carrier systems by Underlying Carriers; or (iii) changes made by DISH or its Affiliates to their internal systems that interact with the Ting Platform or Hosted Service. MVNE SP will only make Critical Changes without obtaining DISH’s consent if failure to do so would result in severe impairment of its ability to deliver the Services, and will only give DISH less than thirty (30) says’ prior notice if failure to act within a shorter period would cause severe impairment to MVNE SP’s ability to deliver the Services. If a Critical Change is necessary, MVNE SP will give DISH as much notice as reasonably possible and will consult with DISH in advance where it is reasonably able to do so. If MVNE SP implements a Critical Change, unless such change is based on item (iii) of this Section 2.8.2, or such Critical Change was implemented and has an industry-wide impact and providers of services similar to those provided by MVNE SP under this Agreement are similarly materially adversely impacted, DISH may notify MVNE SP in writing within thirty (30) days of MVNE SP implementing such change that it intends to terminate this Agreement if MVNE SP does not remedy the material adverse impact on the Services within sixty (60) days of DISH providing written notice of its intention to terminate the Agreement, provided that if remedying the material adverse impact requires more than sixty (60) days to remedy despite diligent efforts of MVNE SP to remedy such material adverse impact, MVNE SP shall have a longer period of time reasonably required to complete such remedy but in no event more than a total of one hundred twenty (120) days, provided further that MVNE SP identifies in writing to DISH why remedying will take longer than sixty (60) days to remedy and includes an estimate of how long it will take to remedy, and that MVNE SP works diligently to complete such remedy as soon as reasonably practicable. If MVNE SP fails to remedy such material adverse impact on the Services in accordance with this Section 2.8.2, DISH shall be entitled to terminate this Agreement within ninety (90) days after expiration of the sixty (60) day period (or longer remedy period as provided above) to remedy such material adverse effect or such longer period as permitted in this Section 2.8 with immediate effect upon written notice to MVNE SP without termination liability, provided that DISH will remain liable for payment of all Fees incurred pursuant to this Agreement due through the date of actual termination of the Agreement.

			

 

	 	
			2.9.

				
			Reliance on Access to Underlying Carrier’s Systems. Nothing in this Agreement requires MVNE SP to provide any of the Services to DISH, its Affiliates or its End Users solely to the extent Underlying Carrier prevents or impairs MVNE SP’s access to the Underlying Carrier’s systems. However, if MVNE SP is prevented from accessing or impaired in its access to the Underlying Carrier’s systems and this impacts its provision of the Services, MVNE SP will promptly contact the Underlying Carrier regarding the issue and, unless no action is required by MVNE SP to restore unimpaired access, work with the Underlying Carrier to expeditiously resolve the issue.

			

 

11

 

 

	 	
			2.10.

				
			Suspension of Service. Notwithstanding anything in the Agreement to the contrary, and without prejudice to any other rights MVNE SP may have under this Agreement or otherwise, including MVNE SP’s rights to terminate the Agreement and without limiting DISH’s obligation to make payments or Prepayments due under this Agreement, MVNE SP may, without liability upon prior notice to DISH of not less than ten (10) Business Days, suspend its provision of the portion of the Services directly impacted by any of the following:

			

 

	 	
			2.10.1.

				
			Notification from federal or state officials or from law enforcement agencies of fraud, abuse or other misuse of the Services by DISH or DISH Subscribers provided that MVNE SP may provide less than ten (10) Business Days’ notice or no notice if directed to do such by federal or state officials or from law enforcement agencies, in which case MVNE SP will give notice as soon as permitted by the relevant official(s) or agency;

			

 

	 	
			2.10.2.

				
			Fraudulent or unauthorized use of the Facilities, Equipment, Customer Offerings, Services or the Underlying Carrier’s services, including Fraudulent Usage; or

			

 

	 	
			2.10.3.

				
			For failure to pay any Invoices or Fees consistent with the terms of Section 9 of this Agreement provided MVNE SP provides in addition to the ten (10) Business Day notice provided for in this Section 2.10, thirty (30) days prior written notice to DISH from MVNE SP’s of MVNE SP’s intent to suspend Services for failure to pay where such notice specifically identifies the outstanding invoices and Fees due. The ten (10) Business Day and thirty (30) day periods in the immediately preceding sentence shall be counted consecutively and not concurrently. In no event will MVNE SP suspend services for failure to pay without acknowledgement in writing from DISH that notice of non-payment has been received by DISH. Suspension of Services will not limit, waive or otherwise affect MVNE SP’s other rights and remedies under this Agreement, in equity or at Law.

			

 

	 	
			2.10.4.

				
			Upon resolution of the suspension causing issue, MVNE will immediately resume the provision of Services. If an Underlying Carrier contacts MVNE SP directly and requests that Underlying Carrier suspend the Services with respect to any DISH Subscriber, MVNE SP may suspend the Services for the relevant DISH Subscriber only if the request is for one or more of the reasons set forth in an Underlying Carrier Suspension Authorization signed by DISH, in the form attached hereto as Schedule M. With respect to any given Underlying Carrier, DISH may at any time and from time to time replace an Underlying Carrier Suspension Authorization with a superseding revised Underlying Carrier Suspension Authorization, or withdraw by written notice an Underlying Carrier Suspension Authorization. Any Underlying Carrier Suspension Authorization that is withdrawn or superseded will have no prospective effect, and MVNE SP may not suspend services for the reasons set forth therein without DISH’s written consent. MVNE SP will immediately notify DISH of any request by an Underlying Carrier to suspend or terminate any Services under this Agreement. If MVNE SP is not authorized under an Underlying Carrier Suspension Authorization to immediately suspend Service to any impacted DISH Subscriber, MVNE SP will work with DISH to determine if suspension is appropriate, and any such suspension will require DISH’s approval in its sole discretion.

			

 

	 	
			2.11.

				
			Order Forms. At any time and from time to time during the Term, additional products and/or services may be provided by MVNE SP to DISH pursuant to an Order Form executed by Authorized Representatives of each of the Parties (each referred to herein as an “Order Form”) or as otherwise specified in this Agreement or necessary for the use of any Services described herein. Each Order Form will be in substantially the form attached to this Agreement as Schedule G, which Schedule G is hereby attached to and incorporated in this Agreement by this reference in its entirety. Notwithstanding the foregoing, in the event that the Term of this Agreement is renewed or extended or DISH elects to renew or extend any Service Term in accordance with Section 12, below, then (a) MVNE SP will provide a quote to DISH for the Services to be renewed pursuant to the terms and conditions of the applicable Order Form; (b) following receipt of such quote, DISH will review and issue a purchase order to MVNE SP; and (c) MVNE SP will invoice DISH for the Services in accordance with the applicable Order Form. For clarity, any terms and/or conditions in the Order Form that are inconsistent with the provisions of this Agreement shall be of no force or effect.

			

 

12

 

 

	 	
			2.12.

				
			Support Services; Service Level Agreements. MVNE SP will provide the Services in accordance with any and all service level agreements (“SLAs”) and support obligations and requirements set forth in Schedule B.

			

 

	 	
			2.13.

				
			Product Roadmap. The Parties acknowledge and agree that each Party benefits from open communication about the Services. DISH and MVNE SP may, subject to the Parties’ obligations of confidentiality set forth in this Agreement, share with one another product roadmaps that are relevant to the Parties’ future business relationship and that will permit the Parties to take into account future needs while planning future products and services. Upon DISH’s request, which may be made at any time and from time to time during the Term, MVNE SP shall promptly provide to, and discuss with, DISH and/or the DISH Affiliates MVNE SP’s one (1) year product roadmap (which product roadmap will include, without limitation, as much reasonable detail as available to MVNE SP related to the planned functionality of its current and future products and services and as much detail regarding product roadmaps and market outlooks as available to MVNE SP at such time) applicable to the Services.

			

 

	 	
			2.14.

				
			[REDACTED]

			

 

	 	
			2.15.

				
			[REDACTED]

			

 

	 	
			2.15.1.

				
			[REDACTED]

			

 

	 	
			2.15.2.

				
			[REDACTED]

			

 

	 	
			2.15.3.

				
			[REDACTED]

			

 

	 	
			2.16.

				
			Fraudulent Usage. MVNE SP will be liable and responsible for Fraudulent Usage to the Underlying Carrier or DISH solely to the extent that such Fraudulent Usage results from the acts or omissions of MVNE SP. To the extent that any Fraudulent Usage occurs other than due to the acts or omissions of MVNE SP, as between DISH and MVNE SP, DISH shall be liable to the Underlying Carrier for any charges, costs or liabilities with respect to such Fraudulent Usage.

			

 

 

	
			3 

				
			MVNE SP RESTRICTIONS. 

			

 

	 	
			3.1

				
			Solicitation of Customers. MVNE SP hereby covenants that, during the Term and for a period of three (3) years thereafter, MVNE SP will not: (a) produce, place, display or use any advertising or marketing material that attempts to persuade DISH Subscribers to cancel any services provided by DISH and/or an Affiliate of DISH; or (b) convert, target, solicit or otherwise incentivize (or assist any other person or entity who MVNE SP actually knew or reasonably should have known intended to convert, target, solicit or otherwise incentivize) any DISH Subscriber to become a subscriber to the services of any competitor of DISH Notwithstanding the foregoing, but subject to and without limitation of MVNE SP’s rights under Section 5.4 of the Purchase Agreement, nothing in this Section 3 shall: (i) prohibit MVNE SP from soliciting, targeting, advertising to, promoting to or marketing to any DISH Subscribers with respect to MVNE SP’s fiber based voice, video, internet - and media-related services provided that MVNE SP will not, and will not cause or permit anyone to, use any DISH Data for any such purposes; and (ii) MVNE SP may not target DISH Subscribers as DISH Subscribers for such purposes.

			

 

13

 

 

	 	
			3.2

				
			Subscriber Information. MVNE SP acknowledges and agrees that Subscriber Information as between MVNE SP and DISH with respect to the delivery of services to DISH Subscribers is proprietary to DISH and shall be used by MVNE SP and its Affiliates solely to provide the Services and for other purposes only as expressly provided for in this Agreement and shall not be used for any other purposes. MVNE SP may not, directly or indirectly: (i) use any Subscriber Information for the direct or indirect benefit of any individual or entity other than DISH; (ii) use any Subscriber Information for the purpose of soliciting, or permit any others to solicit, any person or entity to subscribe to any services similar to those offered by DISH that are enabled by the Services delivered by MVNE SP or its Affiliates to DISH pursuant to this Agreement; (iii) promote the sale or lease of any Device based on the use of Subscriber Information; or (iv) disclose any Subscriber Information to any third party for any reason (or for no reason whatsoever) without the express prior written consent of DISH, which consent may be withheld by DISH in its sole and absolute discretion for any reason or for no reason whatsoever; provided, however, that nothing shall prohibit MVNE SP from disclosing Subscriber Information as required by Law.

			

 

	 	
			3.3

				
			Injunctive Relief. MVNE SP acknowledges and agrees that the breach of this Section 3 will result in substantial and irreparable harm and injury to DISH and its Affiliates for which monetary damages alone would be an inadequate remedy, and that damages are difficult to accurately measure. Accordingly, MVNE SP agrees that DISH will be entitled to obtain immediate injunctive relief, as well as any other equitable relief allowed by the federal or state courts. The foregoing remedy of injunctive relief is agreed to without prejudice to by MVNE SP and DISH may exercise any other rights and remedies it may have at law, in equity, or under contract including, without limitation, this Agreement, all of which DISH hereby expressly reserves.

			

 

	
			4

				
			OBLIGATIONS. 

			

 

	 	
			4.1

				
			Employee Screening. MVNE SP shall screen MVNE SP’s Personnel prior to causing them to perform the Services to ensure that each of MVNE SP’s Personnel is fully qualified to perform the Professional Services, and if required by any Laws, is validly licensed and has obtained all requisite permits to perform such Services for DISH.

			

 

	 	
			4.2

				
			Subcontractors; Solicitations.

			

 

	 	
			4.2.1

				
			Subcontracting. MVNE SP must obtain DISH’s prior written consent to employ subcontractors where such subcontractors will: (i) access, use or transfer “Customer Proprietary Network Information,” as that term is defined in 47 C.F.R. Section 222(h)(1); (ii) access, use or transfer any DISH Subscriber Information; or (iii) provide, operate, or manage services where the failure of such services would disrupt DISH’s or DISH Subscriber’s use of the Services. If MVNE SP desires to subcontract any of the Services under this Agreement to any third party, then MVNE SP shall enter into an agreement with such third party under terms and conditions materially similar to, and no less strict than, the terms and conditions provided in this Agreement, or submit such subcontractor agreement to DISH for review and approval prior to engagement of such subcontractor. For purposes of this Section 4.2.1, the Parties acknowledge and agree that the subcontractors identified in Schedule L are approved by DISH consistent with this Section. MVNE SP is responsible and liable for any subcontractor’s acts or omissions (including, without limitation, the performance of the Services and compliance with the terms and conditions of this Agreement) on the same basis as if such act or omission had been the act or omission of MVNE SP.

			

 

14

 

 

	 	
			4.2.2

				
			Solicitation of Employees. MVNE SP agrees not to solicit employment of any employee of DISH or DISH’s Affiliates, or communicate in any manner with such employees about employment opportunities with any third party, during the Term and for a period of twelve (12) calendar months following the expiration or earlier termination of this Agreement, without DISH’s prior written consent in each instance.

			

 

	 	
			4.3

				
			[REDACTED]

			

 

	 	
			4.4

				
			[REDACTED]

			

 

	 	
			4.5

				
			[REDACTED]

			

 

	 	
			4.6

				
			Integration and Implementation Information. DISH will provide, or arrange to allow MVNE SP to obtain directly, technical information necessary for the technical interface between DISH and the Underlying Carrier to enable MVNE SP to provide the Services. DISH provides consent to MVNE SP to engage in all activities to allow MVNE SP to integrate and implement MVNE SP’s and DISH’s systems to comply with all technical interface information provided by the Underlying Carrier. DISH acknowledges and agrees that MVNE SP is constrained by the capabilities and functionalities of the Underlying Carrier’s systems as well as the right Underlying Carrier reserves to modify, upgrade, decommission or engage in other acts that may have an adverse impact on MVNE SP’s ability to provide the Services or DISH’s Customer Offerings, in whole or in part.

			

 

	 	
			4.7

				
			Customer Offering. DISH represents and warrants that it has all legal rights and authorization to use, whether by law, equity or contract, to: (i) use any brand names DISH intends use in connection with DISH or DISH’s Customer Offerings (collectively, the “Approved Brands”); (ii) [REDACTED]; (iii) and to distribute and sell DISH’s Customer Offerings through the distribution channels it directs MVNE SP to so distribute and sell. DISH will not make any representations or warranties to any third parties (including, without limitation, End Users) on MVNE SP’s behalf.

			

 

	 	
			4.8

				
			Personnel.

			

 

	 	
			4.8.1

				
			Each Party is fully responsible for all acts and omissions of its Personnel and will require that Personnel adhere to all terms and conditions of this Agreement. Any act or omission of any Personnel of a Party that would, if such act or omission were of such Party, constitute a breach of this Agreement will be considered a breach of this Agreement by such Party, and will entitle the non-breaching Party to pursue all rights and remedies against the breaching Party and any Personnel it may have under the Agreement or under the law including, but not limited to, indemnification by the breaching Party.

			

 

	 	
			4.8.2

				
			Each Party that has Personnel employed or contracted to perform services for the other Party assumes full responsibility for such Personnel’s acts, daily direction, and control. All Personnel are at the sole expense of the employing or contracting party, and the employing or contracting Party is solely responsible for any and all liabilities, employment benefits, and withholding issues relating to those personnel including, but not limited to, worker’s compensation, disability benefits, unemployment insurance, withholdings, income taxes, and social security.

			

 

15

 

 

	 	
			4.9

				
			[REDACTED]

			

 

	
			5.

				
			SERVICE AGREEMENT AND COMMUNICATIONS. Except as otherwise provided by applicable Law (including releases or disclosures only to the extent necessary or in good faith determined to be reasonably necessary under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended) both DISH and MVNE SP agree:

			

 

	 	
			5.1.

				
			To submit to the other Party all press releases and other publicity or marketing matters wherein the other Party’s names or marks are mentioned or language from which the connection of said names or marks therewith may be inferred or implied; and

			

	 	
			5.2.

				
			Not to publish such press releases, publicity or marketing matters without the other Party’s prior written approval.

			

 

	
			6.

				
			REPRESENTATIONS AND WARRANTIES. 

			

 

	 	
			6.1.

				
			REDACTED]

			

 

	 	
			6.2.

				
			[REDACTED]

			

 

	 	
			6.3.

				
			Mutual Representations, Warranties and Covenants. Each Party represents and warrants to the other that: (a) it is duly organized, validly existing and in good standing under the Laws of the state and/or country under which it is organized; (b) it has the power and authority to enter into this Agreement and to perform fully its obligations hereunder; (c) the execution of this Agreement by its representative whose signature is set forth at the end of this Agreement has been duly authorized by all necessary corporate or organizational action of such party; and (d) the obligations created by this Agreement, insofar as they purport to be binding on it, constitute legal, valid and binding obligations enforceable in accordance with their terms.

			

 

	 	
			6.4.

				
			WARRANTY DISCLAIMER. EXCEPT AS SET FORTH IN THIS AGREEMENT, NEITHER PARTY NOR ITS AFFILIATES MAKE ANY WARRANTIES, EITHER EXPRESSED OR IMPLIED, STATUTORY OR OTHER TO THE OTHER PARTY, ITS AGENTS, OR SUBCONTRACTORS WITH RESPECT TO THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR USE OR PURPOSE, NON-INFRINGEMENT, TITLE, AND QUIET ENJOYMENT AND ALL WARRANTIES ARISING FROM COURSE OF DEALING, USAGE OR TRADE PRACTICE.

			

 

	
			7.

				
			EQUIPMENT 

			

 

	 	
			7.1.

				
			MVNE SP’s Equipment. MVNE SP shall use and pay for MVNE SP’s and MVNE SP’s Personnel’s own materials, tools, equipment and administrative support services necessary for MVNE SP to perform the Services. MVNE SP shall, to the extent practicable, keep MVNE SP’s tools, equipment, materials, drawings and the like separate from any DISH property, and will not remove any DISH property from the Location without the prior written approval by an Authorized Representative of DISH. MVNE SP is solely responsible for the safekeeping of MVNE SP’s property stored or used at the Location.

			

 

	 	
			7.2.

				
			DISH’s Equipment. Notwithstanding anything to the contrary set forth in Section 7.1 above, any materials, tools or equipment furnished to MVNE SP by DISH in connection with this Agreement will be deemed bailed to MVNE SP for mutual benefit, and title thereto will at all times remain in DISH. MVNE SP agrees to pay for all such materials, tools and equipment spoiled by MVNE SP or not otherwise satisfactorily accounted for.

			

 

16

 

 

	 	
			7.3.

				
			Devices.

			

 

	 	
			7.3.1.

				
			MVNE SP will provide compatibility verification for all Devices used for DISH Subscribers to determine whether or not each Device can be deployed on the DISH MVNO and/or MNO networks.

			

 

	 	
			7.3.2.

				
			Approved Devices. MVNE SP and DISH will implement a process with DISH to authorize MVNE SP to obtain directly from the Underlying Carrier a list of approved Devices that have been previously been tested against the Underlying Carrier’s requirements for wholesale customers (“Approved Devices”).

			

 

	 	
			7.3.3.

				
			Authorization. MVNE SP will have no liability for DISH’s or DISH Subscribers’ Devices failure to meet industry or certification standards for compatibility or regulatory requirements associated with DISH’s Customer Offerings, or for Devices that do not work on the Underlying Carrier Network or do not work properly, except to the extent caused by any act(s) or omission(s) of MVNE SP, its Affiliates or any MVNE Personnel.

			

 

	 	
			7.3.4.

				
			SIM Card Acquisition. DISH will be solely responsible for purchasing SIM Cards, and MVNE SP will have no liability for the purchase price of SIM Cards purchased by DISH. MVNE SP and DISH will each test and approve an initial SIM Card profile as provided by the SIM Card Vendor. MVNE SP will coordinate with DISH and any Underlying Carrier to provide SIM Card vendors the necessary input file(s) for manufacture of the SIM Cards. The SIM card vendors will be responsible for providing MVNE SP and DISH the necessary output files for use of the SIM Cards on the Underlying Carrier Facilities.

			

 

	 	
			7.4.

				
			Operational Reconciliation. To the extent necessary, each calendar month MVNE SP will obtain from the Underlying Carrier or DISH will provide to MVNE SP a list of all MSISDN and SIM Card combinations in the Underlying Carrier’s systems and records, and for each MSISDN and SIM Card combination, (i) status (i.e., active, suspended or deactivated), and (ii) the features provisioned (e.g., Voice Service, SMS Service, Data Service) as of the day of reconciliation (the “Reconciliation Report”). If DISH’s internal records and systems are not consistent with the Underlying Carrier’s records and systems, then MVNE SP will resolve DISH’s records and systems within fifteen (15) business days and submit an updated Reconciliation Report either directly to the Underlying Carrier or to DISH for DISH to submit to the Underlying Carrier. For clarification purposes, the Reconciliation Report is for operational purposes only. Notwithstanding anything in this section, MVNE SP assumes no liability whatsoever for any invoices, bills or charges issued by the Underlying Carrier to DISH on the basis of the Reconciliation Reports or any other activities it engages in on behalf of Customer.

			

 

	
			8.

				
			GOVERNMENT REGULATION and LAWFUL INTERCEPTS.

			

 

	 	
			8.1.

				
			Compliance With Laws and Regulations. Each Party represents, warrants, and

			covenants to the other Party that it will comply in all material respects with all applicable local, state and federal laws and all applicable governmental rules, regulations and ordinances including, but not limited to, all electronic surveillance laws, any and all state public utility commission registrations, Taxes and Charges, maintaining DISH Subscriber’s call detail records as required by relevant Law and implementing rules, the Communications Act of 1934, as amended, international long distance (i.e., “Section 214 authority”), and the FCC implementing rules and orders (e.g., Customer Proprietary Network Information (“CPNI”) rules, compliance programs, certifications and filings), and that neither Party will cause the other Party to be in material violation of any applicable laws. MVNE SP has no responsibility for ensuring that all Numbers are assigned, used and disconnected in accordance with all applicable laws, regulations, and industry numbering resource guidelines.

			

 

17

 

 

	 	
			8.2.

				
			Subpoenas. Each Party will comply with lawful process and will cooperate in good faith in responding to lawful process. DISH will be responsible for providing notice or engaging in other activities consistent with its user agreements with its End Users.

			

 

	 	
			8.3.

				
			Lawful Intercepts. Each Party agrees to cooperate with the other regarding government requests for lawful intercepts of DISH Subscribers. MVNE SP is authorized to act on behalf of DISH in responding to requests for lawful intercepts with regard to DISH Subscribers. DISH understands and agrees that lawful intercepts may have different available information in Roaming situations and that MVNE SP’s primary responsibility will be for providing call detail records as directed by DISH.

			

 

	
			9.

				
			FEES, PAYMENT, REPORTING, TAXES.

			

 

	 	
			9.1.

				
			Schedule of Service Rates, Charges, Fees and Other Amounts. In consideration for the Service to be provided in this Agreement, DISH will pay MVNE SP the amounts for Service set forth in Schedule C (Pricing Schedule) of this Agreement [REDACTED]. Any and all Fees payable based on a monthly, quarterly or yearly basis shall be pro-rated for any partial month, quarter or year, as applicable. The Fees set forth in this Agreement will be the only Fees payable by DISH or its Affiliates with respect to the Services.

			

 

	 	
			9.2.

				
			[REDACTED] 

			

 

	 	
			9.2.1.

				
			[REDACTED]

			

 

	 	
			9.2.2.

				
			[REDACTED]

			

 

	 	
			9.2.3.

				
			[REDACTED].

			

 

	 	
			9.3.

				
			Disputes. If DISH elects to disputes charges appearing on an Invoice, DISH must do so within twelve (12) months of the date of the Invoice on which the disputed charges first appear. DISH must specifically identify in writing the invoice by date, by invoice number, the specific charges it disputes and the reason for disputing such charges. DISH waives its rights to dispute charges if it fails to comply with this Section 9.3. Amounts subject to a bona fide dispute will not be subject to late payment fees until MVNE SP completes its investigation of the disputed charges. If the Parties are able to resolve the dispute, DISH will pay the charges due in connection with such resolution within sixty (60) days of such resolution. If DISH elects to continue to dispute charges after MVNE SP has completed its investigation, DISH shall comply with this Agreement’s dispute resolution procedures. DISH shall not be responsible for any charges invoiced more than twelve (12) months after the close of the billing period in which the charges were incurred.

			

 

	 	
			9.4.

				
			Payment. All payments (including prepayments) by DISH will be via an electronic funds transfer in the format designated by MVNE SP from time to time or, at DISH’s option, by check sent to the following address or such other address as MVNE SP may notify DISH in writing in accordance with Section 18.3 from time to time.

			

 

18

 

 

	 	
			9.5.

				
			[REDACTED]

			

 

	 	
			9.6.

				
			[REDACTED].

			

 

	
			10.

				
			TAXES AND GOVERNMENTAL FEES

			

 

	 	
			10.1.

				
			Federal and State Taxes

			

 

	 	
			10.1.1

				
			MVNE SP shall be responsible for all taxes (including state, federal, territory and foreign income and withholding taxes) asserted or levied on any amounts accrued, owed or paid to MVNE SP under this Agreement.

			

 

	 	
			10.1.2

				
			Within 15 days after the Effective Date, MVNE SP shall provide DISH with an IRS Form W-8 or W-9 or equivalent state, territory or foreign withholding documentation, as applicable, and an employer identification or other tax identification number, as applicable.

			

 

	 	
			10.1.3

				
			Unless MVNE SP delivers proof to DISH (satisfactory to DISH) that payments to MVNE SP are exempt from withholding taxes, or subject to a reduced rate of withholding, in each case, as documented on the applicable withholding documentation, DISH may withhold, from payments payable to MVNE SP under this Agreement, applicable withholding taxes at the highest rate under applicable tax Law. In the event that DISH at any time, whether as a result of a change in laws or otherwise, determines that it is required to withhold taxes, it shall provide MVNE SP with the requisite documentation in order to permit MVNE SP to support a claim for withholding tax credits. In no event will DISH be required to gross-up or otherwise compensate MVNE SP for such withholdings.

			

 

	 	
			10.1.4

				
			Resale. MVNE SP acknowledges and agrees that: (a) the Services purchased by DISH are for resale to one or more Affiliate(s) of DISH; (b) MVNE SP may not charge or collect sales tax from DISH, provided that DISH provides MVNE SP with all relevant documentation in support of such tax exemption as requested by MVNE SP from time-to-time; and (c) all terms and conditions of this Agreement will be fully enforceable by the Affiliate(s) to which DISH reallocates the Services as if such entity were a party to this Agreement. MVNE SP acknowledges that DISH has provided to MVNE SP resale certificates with respect to the resale of the Services. At MVNE SP’s request on an annual basis, DISH will provide to MVNE SP updated resale certificates. For clarity, solely with respect to the rights and licenses provided pursuant to this Agreement, a “resale” means a transfer of such rights and licenses (e.g., a sublicense) and not a conveyance of ownership. For purposes of clarification, nothing in this Section 10.1.4 relieves DISH of any obligations it has pursuant to Section 18.9 (Assignment). If for any reason the resale certificates are invalid, DISH will be responsible for:(i) payment of any sales or use taxes due as a result of such invalidity, together with any fees, interest or penalties.

			

 

	 	
			10.2

				
			Federal Universal Service Support. Prior to or simultaneous with the execution of this Agreement, DISH and/or its Affiliates agree to execute the Federal Universal Service Fund (“FUSF”) certification attached hereto as Schedule H. Further, DISH and/or its Affiliates agree to deliver to MVNE SP and/or its Affiliates an updated FUSF certification within twenty (20) days of any change in its FUSF contributor status. Provided that DISH and/or its Affiliates comply with the FUSF contributor certification requirement in this Section 10.2, and indicates in the certification that it contributes to the FUSF in connection with the Services, MVNE SP and/or its Affiliates will not assess FUSF surcharges on DISH and/or its Affiliates invoices. However, DISH and/or its Affiliates agree that, if it fails to provide a timely and complete FUSF certifications, or if the FUSF certifications provided are outdated, or inaccurate or have some other defect that renders them ineffective, or if the FCC or the Universal Service Administrative Company (“USAC”) determines that MVNE SP and/or its Affiliates are otherwise liable for FUSF contributions based on the Services, MVNE SP and/or its Affiliates may assess DISH and/or its Affiliates an amount necessary to recover the amount of MVNE SP’s and/or its Affiliates FUSF contribution that MVNE SP and/or its Affiliates owe the USAC and MVNE SP and/or its Affiliates may also assess any resulting penalties or interest assessed by USAC or the FCC or other federal government agencies. For purposes of clarification, this surcharge may be assessed on DISH and/or its Affiliates to recover amounts that MVNE SP /or its Affiliates owe to the FUSF for contributions that MVNE SP and/or its Affiliates should have made based on the provision of Services to DISH and/or its Affiliates for all past periods as determined by the FCC or USAC, any and all penalties and interest, including any imposed by other federal agencies, as well as include FUSF surcharges on a going-forward basis based on the Services provided to DISH and/or its Affiliates pursuant to this Agreement.

			

 

19

 

 

	 	
			10.3

				
			Cooperation. The Parties agree to reasonably cooperate to minimize the application of any taxes and fees applicable to the Services provided hereunder to the fullest extent of the Law.

			

 

	
			11

				
			INDEMNIFICATION

			

 

	 	
			11.1

				
			MVNE SP’S Indemnification. Except for IP Claims, MVNE SP shall indemnify, defend and hold DISH and DISH’s Affiliates, and its and their respective officers, directors, members, managers, consultants, employees, agents and shareholders, and its and their respective assigns, heirs, successors and legal representatives (collectively, the “DISH Indemnitees”) harmless from and against, any and all Claims arising out of or in connection with MVNE SP’s provision of the Services, provided that such Claims are not brought by a DISH Affiliate, that relate to, arise out of or are incurred in connection with: (a) MVNE SP’s gross negligence or willful misconduct; (b) MVNE SP’s unlawful acts or omissions (including those of MVNE SP’s Personnel); (c) MVNE SP’s acts or omissions that directly cause DISH and/or DISH’s Affiliates to violate any applicable Law and only if DISH and/or DISH’s Affiliates acts or omissions do not contribute to such violation of applicable law; (d) MVNE SP’s breach of any representation warranty or covenant of this Agreement, provided that such is expressly provided for by this Agreement; (e) the failure of MVNE SP to comply with, or any actual or alleged violation of, any Law;  (f) any Claim brought by MVNE SP’s Personnel; (g) Claims by an Underlying Carrier arising from the failure of MVNE SP to comply with Section 2.10.4 or with DISH’s written instructions to MVNE SP to suspend Services to any DISH Subscribers where an Underlying Carrier alleges Fraudulent Usage by such DISH Subscriber(s); (h) Claims brought by the Universal Service Administration Company against DISH for failing to accurately calculate its FUSF liabilities directly related to DISH Subscribers, except to the extent that: (1) DISH’s actions or omissions have contributed to the inaccuracies of the reports provided by MVNE SP to DISH; (2) DISH is only entitled to rely on reports specifically requested by DISH limited to DISH Subscribers where DISH notifies MVNE SP that DISH will rely on such reports for the purpose of calculating DISH’s FUSF contribution obligations for DISH Subscribers; (3) DISH reasonably relied upon such reports; and (4) such inaccuracies are unrelated to how DISH completed the relevant reporting forms or classified DISH Subscriber revenues as USF assessable or non-assessable; or (i) Claims brought by law enforcement agencies or any other governmental agency or entity against DISH for its failure or delay to provide information lawfully requested of DISH concerning DISH Subscribers due to MVNE SP failing to provide such information that DISH reasonably requests and reasonably relied upon from MVNE SP (unless DISH is already in possession of such information) that is necessary to enable DISH to comply with any subpoenas, other lawful process, or other lawful intercept Laws.

			

 

20

 

 

	 	
			11.2

				
			MVNE SP’s Indemnification for IP Claims. MVNE SP shall indemnify, defend and hold the DISH Indemnitees harmless from and against, any and all IP Claims, provided that such IP Claims are not brought by a DISH Affiliate, provided further however that MVNE SP shall have no obligations under this Section 11 with respect to IP Claims to the extent directly caused by:

			

 

	 	
			11.2.2

				
			any DISH Materials provided by DISH or its Affiliates to MVNE SP;

			

 

	 	
			11.2.3

				
			use of any Deliverables in combination with any materials or equipment not supplied to DISH by MVNE SP, except (a) where the combination is required for DISH to reasonably use the Deliverables consistent and in accordance with the Specifications, (b) as expressly recommended for DISH’s use by MVNE SP in writing, or (c) if accepted by MVNE SP in the applicable Order Form or Statement of Work as recommended for DISH’s use with the Deliverables; or

			

 

	 	
			11.2.4

				
			any modifications or changes made to the Deliverables by or on behalf of any Person other than by or on behalf of MVNE SP or MVNE SP Personnel, unless made at the written direction or written recommendation of MVNE SP Personnel.

			

 

	 	
			11.3

				
			IP Claims. If DISH or its any of its Affiliates becomes subject to an IP Claim, MVNE SP shall, at its option and expense, (a) procure for DISH or its Affiliates the right to use the Services; (b) replace the Services with equivalent, non-infringing Services; or (c) modify the Services so they become non-infringing, provided that the Services so modified shall be substantially equivalent to the Services in features, functionality and performance. In the event options (a)-(c) above are unsuccessful after MVNE SP or its Affiliates exercise their commercially reasonable efforts, then either Party may terminate this Agreement or, at such Party’s option, the infringing Services, by written notice to the non-terminating Party. For the avoidance of doubt, this Section 11.3 does not limit MVNE SP’s indemnification obligations under Section 11.2.

			

 

	 	
			11.4

				
			DISH’s Indemnification. DISH shall indemnify, defend and hold MVNE SP and its Affiliates, and its and their respective officers, directors, members, managers, consultants, employees, agents and shareholders, and its and their respective assigns, heirs, successors and legal representatives (collectively, the “MVNE SP Indemnitees”) harmless from and against, any and all Claims, provided that such Claims are not brought by a MVNE SP Affiliate, that relate to, arise out of or are incurred in connection with: (a) DISH’s gross negligence or willful misconduct; (b) DISH’s unlawful acts or omissions (including those of DISH’s Personnel); (c) DISH’s acts or omissions that directly cause MVNE SP and/or MVNE SP’s Affiliates to violate any applicable Law and only if MVNE SP and/or MVNE SP’s Affiliates acts or omissions do not contribute to such violation of applicable Law; (d) DISH’s breach of any representation or warranty or covenant of this Agreement, provided that such is expressly provided for by this Agreement; (e) the failure of DISH to comply with, or any actual or alleged violation of, any Law; (f) Claims by Underlying Carrier based on the failure of MVNE SP to suspend Services to one of more End Users due to alleged Fraudulent Usage by such End User(s) where MVNE SP has complied with Section 2.10.4 or acts in compliance with instructions from DISH; (g) the failure of DISH to pay or comply with its FUSF obligations except to the extent such failure is due to one of the conditions identified in Section 11.1(h); or (h) Claims by End Users that MVNE SP’s compliance with subpoenas, other lawful process, or other lawful intercept Laws violates any agreement between such End User and DISH or its Affiliate or DISH’s privacy policy or any other End User agreements for the relevant Customer Offering.

			

 

21

 

 

	 	
			11.5

				
			Indemnification Procedures

			

 

	 	
			11.5.1

				
			Promptly after becoming aware of any Claim with respect to which a Party has an obligation to indemnify the other Party (an “Indemnified Claim”), the Party seeking indemnification (the “Indemnified Party”) must give notice of the Indemnified Claim to the other Party (the “Indemnifying Party”), accompanied by a copy of any written documentation regarding the Indemnified Claim received by the Indemnified Party. The Indemnifying Party shall have the right to select counsel of the Indemnifying Party’s choice, direct the litigation and negotiate a settlement; provided, however, that any such settlement may not impose any obligation whatsoever on the Indemnified Party that is not wholly discharged or dischargeable by the Indemnifying Party and may not impose any conditions or obligations on the Indemnified Party (including, without limitation, any admission by or on behalf of the Indemnified Party or any terms or conditions that do or reasonably could result in any admission by or on behalf of the Indemnified Party) other than the payment of monies that are readily measurable for purposes of determining the monetary indemnification or reimbursement obligations of the Indemnifying Party, unless the Indemnified Party provides the Indemnifying Party with its prior written consent. The Indemnified Party may participate in and observe the proceedings at its own cost and expense.

			

 

	 	
			11.5.2

				
			In the event that the Indemnifying Party: (a) fails to notify the Indemnified Party of the Indemnifying Party’s intent to take any action within ten (10) days following receipt of a notice of an Indemnified Claim (if such failure to notify materially prejudices the Indemnified Party’s rights or has a material, adverse impact on such Party’s obligations hereunder); or (b) fails to proceed in good faith with the resolution of the Indemnified Claim, then (i) the Indemnified Party may, with prior written notice to the Indemnifying Party and without waiving any rights to indemnification, defend or settle the Indemnified Claim without the prior written consent of the Indemnifying Party; and (ii) the Indemnifying Party shall reimburse the Indemnified Party on demand for all damages incurred by the Indemnified Party in defending or settling such Indemnified Claim.

			

 

	 	
			11.6

				
			Exclusions. 

			

 

	 	
			11.6.1

				
			Notwithstanding anything to the contrary in this Agreement, the Indemnifying Party is not obligated to indemnify, hold harmless, or defend the Indemnified Party against any Indemnified Claim (whether direct or indirect) to the extent such claim or corresponding losses arise out of or result from, in whole or in part, the Indemnified Party’s gross negligence or more culpable act or omission (including recklessness or willful misconduct) or bad faith failure to materially comply with any of its material obligations set forth in this Agreement.

			

 

	 	
			11.6.2

				
			DISH covenants to MVNE SP that DISH shall not exercise any other rights it may have under Law, this Agreement or at equity based on or arising out of any IP Claim until such time as such IP Claim has been resolved consistent with this Section 11. Notwithstanding the foregoing, DISH may exercise any such rights to the extent necessary to preserve any such claims under applicable statutes of limitation.

			

 

22

 

 

	
			12

				
			TERM AND TERMINATION.

			

 

	 	
			12.1

				
			Initial Term. The term of this MSA will commence on the Effective Date and, unless terminated sooner by either Party in accordance with the terms and conditions of this Agreement, will expire on the four (4) year anniversary of the Effective Date (the “Initial Term”); provided, however, that in the event that the term of any Order Form (each, a “Service Term”) as set forth in such Order Form, extends beyond the Initial Term and any renewal term (together, the “Term”), then the Term will be automatically extended through the date of expiration or sooner termination of such Order Form solely with respect to any such Order Form(s).

			

 

	 	
			12.2

				
			Initial Term Extension. [REDACTED]. 

			

 

	 	
			12.3

				
			Automatic Renewal. The Term of this MSA will automatically extend from year to year following the Initial Term unless terminated by either Party upon written notice to the other Party no later than ninety (90) days prior to the expiration of the Initial Term or renewal term, as applicable; provided, however, that the automatic renewal of this MSA will not serve to extend any particular Service Term. MVNE SP will notify DISH ninety (90) days’ prior to the expiration of any Service Term, which notice will also state DISH’s right to renew such Order Form in accordance with this Section 12.3 and/or the applicable Order Form (the “Expiration Notice”). In the event that DISH elects to renew or extend any Service Term, then the terms and conditions of such Order Form shall remain in full force and effect without modification.

			

 

	 	
			12.4

				
			Transition Period.

			

 

	 	
			12.4.1

				
			In the event that either Party sends a written notice to the other Party terminating this Agreement in accordance with the termination provisions set forth in this Agreement or any applicable Order Form (a “Termination Notice”), or MVNE SP sends the Expiration Notice, or this Agreement otherwise terminates or expires for any reason, then, with respect to this Agreement, any applicable Order Form or other written agreement pursuant to which DISH or a DISH Affiliate is receiving Services, DISH may, in its sole and absolute discretion and without prejudice to any of its rights under this Agreement, specify in such Termination Notice or, within thirty (30) days following the date on which DISH receives any Termination Notice or Expiration Notice from MVNE SP, specify in a written notice responsive thereto (in either case, the “Transition Period Notice”) that such termination will not take effect until a date specified in such Transition Period Notice (the “Termination Effective Date”). The Termination Effective Date will be the earlier of: (a) any Termination Effective Date specified in a Termination Notice delivered to MVNE SP by DISH or specified in a written notice responsive to a Termination Notice from MVNE SP; and (b) the date that is twelve (12) calendar months following the date of the Transition Period Notice (such period, commencing on the date of the Transition Period Notice and ending on the Termination Effective Date, the “Transition Period”). DISH may elect, in its sole and absolute discretion, following thirty (30) days’ prior written notice to MVNE SP, to terminate the Transition Period earlier than Termination Effective Date upon not less than thirty (30) days’ prior written notice. MVNE SP shall notify DISH within thirty (30) days’ following receipt of such notice if such termination will cause MVNE SP to incur any costs or expenses and the amount of such costs and expenses. During the Transition Period, MVNE SP shall continue to provide the Services for the same Fees set forth in the applicable Order Form, pro-rated as necessary for the Transition Period, and shall provide transition and de-conversion services that are reasonably required by DISH or any DISH Affiliate. Any additional hourly-rate services necessary for the transition and de-conversion will be charged at the Professional Services Rates. MVNE SP shall provide any and all information and data, including, without limitation, Business Data or a subset thereof to the extent that MVNE SP does not maintain all Business Data in the ordinary course of MVNE SP’s performance in providing the Services, to DISH or a third party designated in writing by DISH.

			

 

23

 

 

	 	
			12.4.2

				
			Notwithstanding any provisions of Section 12.4.1 to the contrary, in the event that the Agreement is terminated due to DISH’s material breach, then (a) the Transition Period shall not commence until DISH cures such breach or MVNE SP agrees in writing to waive such breach by DISH, (b) to the extent that the material breach was due to DISH’s failure to pay any charges due pursuant to Section 9, MVNE SP shall have the discretion to require DISH to provide a deposit or prepayment prior to performing pursuant to Section 12.4.1; and (c) DISH’s failure to comply with this Section 12.4.2 within sixty (60) days of receiving written notice from MVNE SP of its failure to comply with this Section 12.4.2 will result in this Agreement terminating without a Transition Period.

			

 

	 	
			12.5

				
			Termination.

			

 

	 	
			12.5.1

				
			MVNE SP Termination Rights. MVNE SP may terminate this Agreement and/or any Order Form upon written notice to DISH: (a) if DISH breaches any material obligation, representation, warranty or covenant in this Agreement, and such default or breach is not cured within thirty (30) days following DISH’s receipt of written notice of such breach from MVNE SP; (b) immediately following DISH’s filing of a petition in bankruptcy, becoming insolvent, or seeking relief under any Law related to its financial condition or its ability to meet its payment obligations; or (c) immediately following any involuntary petition in bankruptcy being filed against DISH, or any relief under any such Law being sought by any of its creditors, unless the involuntary petition is dismissed or the relief is denied within ninety (90) days after it has been filed or sought.

			

 

	 	
			12.5.2

				
			DISH Termination Rights. DISH may terminate this Agreement and/or any Order Form upon written notice to MVNE SP: (a) if MVNE SP breaches any material obligation, representation, warranty or covenant in this Agreement and such breach is not cured within thirty (30) days following MVNE SP’s receipt of written notice of such breach from DISH, provided that, if immediate termination is provided for elsewhere in this Agreement, then immediate termination shall apply to such breach, provided further that such thirty (30)-day cure period shall not apply to any such breaches that are incapable of being cured; (b) immediately following MVNE SP’s filing of a petition in bankruptcy, becoming insolvent, or seeking relief under any Law related to its financial condition or its ability to meet its payment obligations; (c) immediately following any involuntary petition in bankruptcy being filed against MVNE SP, or any relief under any such Law being sought by any of its creditors, unless the involuntary petition is dismissed or the relief is denied within ninety (90) days after it has been filed or sought; or (d) in accordance with any other termination right set forth in the applicable Order Form. For the avoidance of doubt, DISH shall pay all undisputed invoices for Services that are performed and accepted prior to the effective date of any termination in accordance with this Agreement, including, without limitation, any applicable Order Form. Following the expiration or earlier termination of this Agreement for any reason or no reason at all, all further rights and obligations of the Parties will cease, except that (i) the Parties will not be relieved of any specific obligations under this Agreement that expressly survive or are to be performed after the expiration or earlier termination of this Agreement and (ii) MVNE SP shall provide DISH a prorated refund of amounts paid for any Services not yet received by the date of termination.

			

 

24

 

 

	 	
			12.6

				
			Termination for Cause. Either Party may terminate this Agreement for cause immediately upon notice to the other party if the other Party attempts to assign this Agreement in violation of Section 18.9 (Assignment).

			

 

	 	
			12.7

				
			Termination Upon Mutual Agreement. The Parties may agree by mutual

			written agreement to terminate this Agreement.

			

 

	 	
			12.8

				
			Survival of Obligations. [REDACTED]. Termination or expiration of this Agreement will not release either party from any liability that has already accrued to the other party at the time of termination or expiration or that thereafter may accrue with respect to any act or omission prior to termination or expiration, or from any obligation that is stated in this Agreement to survive termination or expiration.

			

 

	
			13

				
			INTELLECTUAL PROPERTY RIGHTS. 

			

 

	 	
			13.1

				
			As between the Parties, each Party owns and shall retain any and all right, title and interest (including, without limitation, all copyright, patent, trademark, service mark, trade secret and/or other Intellectual Property rights) of such Party and/or its Affiliates in and to any: (a) Intellectual Property owned by such Party and/or its Affiliates prior to the Effective Date (collectively, the “Pre-Existing Intellectual Property”); and (b) except for any and all DISH Works and DISH Materials, any and all: (i) derivative works enhancements, modifications, additions or improvements to such Pre-Existing Intellectual Property (including, without limitation, any and all updates, changes, customizations, fixes, releases, versions and derivative works thereof) following the Effective Date; and (ii) other Intellectual Property developed following the Effective Date that, with respect to each of clauses (i) and (ii), is or are developed independently following the Effective Date by or on behalf of such Party and/or its Affiliates (clauses (i) and (ii), together, the “Developments”). For clarity, vis-à-vis the Parties, subject to the licenses granted to MVNE SP pursuant to Section 2.4 above, any and all Pre-Existing Intellectual Property of DISH and any DISH Affiliate (including, without limitation, DISH Data, DISH Materials, and/or any content, data or scripts provided by DISH for inclusion in any Service) is, and shall remain, the sole and exclusive property of DISH or such DISH Affiliate, as applicable, and, subject to the rights and licenses granted to DISH pursuant to Section 2.4 above, any and all Pre-Existing Intellectual Property of MVNE SP and any MVNE SP Affiliate (including, without limitation, the Hosted Service and the Ting Platform), is and shall remain the sole and exclusive property of MVNE SP or such MVNE SP Affiliate, as applicable. Notwithstanding this Section 13.1 or any other provision in this Agreement to the contrary, (i) all Intellectual Property Rights in and to DISH Works and DISH Materials shall exclusively remain the sole and exclusive property of DISH or its Affiliate as applicable; and (ii) all Intellectual Property Rights in and to the Hosted Services, and the Ting Platform (excluding any DISH Works or DISH Materials incorporated therein) shall remain the sole and exclusive property of MVNE SP or its Affiliate as applicable.

			

 

	 	
			13.2

				
			Each Party hereby assigns the other Party all right, title and interest in and to any Developments to the other Party’s Pre-Existing Intellectual Property, and agrees to execute and to cause its Affiliates to execute all such further instruments and documents and to take all such further action as the other Party may reasonably require in order to effectuate the terms and purposes of this Agreement. MVNE SP hereby assigns to DISH all right, title and interest in and to DISH Works and DISH Data, and agrees to execute and to cause its Affiliates to execute all such further instruments and documents and to take all such further action as DISH may reasonably require in order to effectuate the terms and purposes of this Agreement. DISH hereby assigns to MVNE SP all right, title and interest in and to the Hosted Service and the Ting Platform, and agrees to execute and to cause its Affiliates to execute all such further instruments and documents and to take all such further action as MVNE SP may reasonably require in order to effectuate the terms and purposes of this Agreement.

			

 

25

 

 

	 	
			13.3

				
			Each Party (“Licensor”), for itself and on behalf of its Affiliates, hereby grants to the other Party (“Licensee”) a worldwide, royalty-free, irrevocable, perpetual, non-exclusive, sublicensable (solely to Licensee’s Affiliates or in connection with the operation of the Licensee’s and its Affiliates' businesses), transferable (solely in connection with a sale of all or substantially all of the assets or business to which such license relates) license to use, modify, create derivative works of and otherwise exploit any derivative works, additions, modifications, improvements or enhancements created or developed by or on behalf of Licensee or its Affiliates to any Pre-Existing Intellectual Property of Licensor with respect to any Deliverable as reasonably described in or consistent with a Statement of Work.

			

 

	
			14

				
			CONFIDENTIALITY.

			

 

	 	
			14.1      Confidential Information. “Confidential Information” of a Party means all information of or relating to either Party or such Party’s Affiliate(s) (whether of a business, technical or other nature) that the other party knows or reasonably should know to be confidential or proprietary. Without limiting the generality of the foregoing, Confidential Information includes all information not generally known to the public that relates to the business, technology, finances, budgets, projections, proposals, practices of either Party or its Affiliates, including without limitation the terms of this Agreement, and all information relating to either Party’s or its Affiliate’s business plans and proposals, marketing plans and proposals, technical plans and proposals, research and development, and pricing plans, and the relationship between the Parties, including its existence. All Confidential Information of a Party will be considered trade secrets of that Party or its relevant Affiliate and will be entitled to all protections given by law to trade secrets. Any and all media (whether written, film, tape, optical, magnetic, opto-magnetic or otherwise) embodying any of the information described above are also Confidential Information. Confidential Information does not include information that: (a) was in or entered the public domain through no fault of the receiving party; (b) the receiving party can show, by written evidence, was rightfully in the receiving Party’s possession without any obligation of confidentiality prior to receipt thereof from the disclosing party; (c) is disclosed to receiving Party by a third party legally entitled to make the disclosure without breach of any obligation of confidentiality; (d) is required to be disclosed by applicable laws or regulations (but only to the extent required to be disclosed); or (e) is independently developed by the receiving Party without reference to or use of any Confidential Information of the other Party.

			

 

	 	
			14.2       Non-Disclosure of Confidential Information. During the Term and at all times thereafter, both Parties including their affiliates and subsidiaries, as well as their respective employees and contractors may not directly or indirectly (a) disclose to any Person any Confidential Information of the other party or in any other way publicly or privately disseminate the Confidential Information (except as may be required by either Party to satisfy reporting obligations to a government or regulatory agency); or (b) assist, authorize or encourage anyone else to use, disclose, or disseminate any Confidential Information of the other Party. The Parties will: (i) hold all Confidential Information in confidence using the same degree of care that the Party uses to protect its own confidential and proprietary information (but in no event less than reasonable care); (ii) use the Confidential Information only for the purpose of performing obligations under this Agreement; (iii) reproduce any Confidential Information only to the extent necessary to perform its obligations; (iv) restrict disclosure of and access to the Confidential Information only to those employees and contractors who are directly concerned with, and who agree to maintain the confidentiality of, the Confidential Information; and (v) take all precautions necessary and appropriate to guard the confidentiality of the Confidential Information, in the same, but no less than reasonable manner in which the disclosing Party safeguards its own Confidential Information. Each Party is responsible for ensuring compliance with this Section 14.2 by all of its employees and contractors.

			

 

26

 

 

	 	
			14.3      Required Disclosures. Notwithstanding anything to the contrary herein, each Party receiving Confidential Information and its Affiliates may disclose Confidential Information to third parties or contractors of the receiving Party or its Affiliates; provided, that all such Persons have been informed of the confidential nature of the information and directed to keep such information confidential and are subject to binding obligations of confidentiality with respect to such information; provided, further, that any disclosure pursuant to this Section 14.3 shall be made only subject to such procedures the receiving Party determines in good faith are reasonable and appropriate in the circumstances, taking into account the need to maintain the confidentiality of such information.

			

 

	 	
			14.4      Return of Records. No later than thirty (30) days after the termination of this Agreement, both Parties will promptly return or destroy all Confidential Information in its (or its employees’ or contractors’) possession or control (including all originals and copies of all or any portion of any Confidential Information), provided that each Party and its Affiliates may retain Confidential Information in backups, archives, and disaster recovery systems until such Confidential Information is deleted in the ordinary course, provided that the Party retaining any such Confidential Information shall remain subject to all obligations set forth in this Article 14 until such Confidential Information is fully and permanently deleted. Either Party may direct the other Party as to its election of return or destroy such Party’s Confidential Information. Each Party shall inform the other Party in writing of its election to have the other Party return or destroy such Party’s Confidential Information. Should a Party fail to notify the other Party of its election within thirty (30) days of termination of this Agreement, then such Confidential Information of the other Party shall be destroyed. An officer of the Party destroying such Confidential Information shall certify in writing to the other Party that it has complied with its obligations pursuant to this Section 14.4.

			

 

	 	
			14.5       Injunctive Relief. Each Party acknowledges and agrees that the breach of such Party’s obligations under this Section 14 will result in substantial and irreparable harm and injury to the other Party and/or such Party’s Affiliates for which monetary damages alone would be an inadequate remedy, and that damages are difficult to accurately measure. Accordingly, each Party agrees that the other Party will be entitled to obtain immediate injunctive relief, as well as any other equitable relief allowed by the federal or state courts. The foregoing remedy of injunctive relief is agreed to without prejudice to such Party to exercise any other rights and remedies it may have at law, in equity, or under contract including, without limitation, this Agreement, all of which each Party hereby expressly reserves.

			

 

	
			15

				
			LIMITATION OF LIABILITY. 

			

 

	 	
			15.1

				
			EXCEPT FOR LIABILITIES ARISING FROM A BREACH OF A PARTY’S OBLIGATIONS OF CONFIDENTIALITY, OR LIABILITY FOR INDEMNIFICATION, IN NO EVENT WILL EITHER PARTY OR ANY AFFILIATE OF EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY EXEMPLARY, SPECIAL, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, OR ENHANCED DAMAGES OR OTHER INDIRECT DAMAGES (INCLUDING, WITHOUT LIMITATION, ANY PAYMENT FOR LOST BUSINESS, FUTURE PROFITS, LOSS OF GOODWILL, REIMBURSEMENT FOR EXPENDITURES OR INVESTMENTS MADE OR COMMITMENTS ENTERED INTO, TERMINATION OF EMPLOYEES OR EMPLOYEES SALARIES, OVERHEAD OR FACILITIES INCURRED OR ACQUIRED BASED UPON THE BUSINESS DERIVED OR ANTICIPATED UNDER THIS AGREEMENT), ARISING OUT OF, OR RELATING TO, AND/OR IN CONNECTION WITH THIS AGREEMENT, REGARDLESS OF (A) WHETHER SUCH DAMAGES WERE FORESEEABLE, (B) WHETHER OR NOT A PARTY WAS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, (C) THE LEGAL OR EQUITABLE THEORY (CONTRACT, TORT OR OTHERWISE) UPON WHICH THE CLAIM IS BASED, AND (D) WHETHER SUCH CLAIMS ARE BASED ON TERMINATION, PROTECTION, NON-RENEWAL OR SIMILAR LAWS.

			

 

27

 

 

	 	
			15.2

				
			[REDACTED].

			

 

	 	
			15.3

				
			[REDACTED]

			

 

	 	
			15.4

				
			THE LIMITATIONS AND EXCLUSIONS SET FORTH IN THIS SECTION 15 SHALL NOT APPLY TO DAMAGES OR LIABILITIES ARISING FROM THE GROSSLY NEGLIGENT ACTS OR OMISSION OR WILLFUL MISCONDUCT OF EITHER PARTY IN PERFORMING ITS OBLIGATIONS UNDER THIS AGREEMENT OR A PARTY’S OBLIGATION TO PAY PURSUANT TO SECTION 18.17 (ATTORNEY’S FEES AND COSTS) OF THIS AGREEMENT.

			

 

	 	
			15.5

				
			THE LIMITATION OF LIABILITY PROVISIONS SET FORTH IN THIS SECTION 15 SHALL APPLY EVEN IF THE NON-BREACHING PARTY’S REMEDIES UNDER THIS AGREEMENT FAIL OF THEIR ESSENTIAL PURPOSE. EACH PARTY ACKNOWLEDGES AND AGREES THAT THE PARTIES ENTERED INTO THIS AGREEMENT IN RELIANCE UPON THE LIMITATIONS OF LIABILITIES SET FORTH IN THIS SECTION 15, THAT THE SAME REFLECT AN ALLOCATION OF RISK BETWEEN THE PARTIES (INCLUDING THE RISK THAT A CONTRACT REMEDY MAY FAIL OF ITS ESSENTIAL PURPOSE AND CAUSE CONSEQUENTIAL LOSS), AND THAT THE SAME FORM AN ESSENTIAL BASIS OF THE BARGAIN BETWEEN THE PARTIES. 

			

 

	 	
			15.6

				
			[REDACTED]

			

 

	
			16

				
			RECORDS. MVNE SP shall maintain complete and accurate books and records of MVNE SP’s performance or failure to perform under this Agreement and any payments, charges or other amounts paid or to be paid to either Party pursuant to this Agreement (collectively, the “Records”). During the Term, DISH may request and MVNE SP shall provide to DISH copies of the Records. Such Records shall be deemed MVNE SP’s Confidential Information subject to Section 14 (Confidentiality). In the event the Records reveal that MVNE SP has overcharged or under credited DISH (including, without limitation, MVNE SP’s failure to apply applicable credits to the fees as prescribed under this Agreement), then, within thirty (30) days following DISH’s delivery of notice of such overcharge or under credit, MVNE SP shall issue an invoice credit to DISH in an amount equal to the sum of the amount of any such overcharge or under credit (or the amount due as a refund for any and all applicable credits). If any credits or portions thereof are not fully used as of the date of any termination or expiration of this Agreement for any reason or no reason, MVNE SP shall pay such unused amounts no later than sixty (60) days following such termination or expiration. Such payment obligation shall survive any termination or expiration of this Agreement.

			
	 	 
	17	Information Security. At all times during the Term, MVNE SP will comply with the material requirements of Schedule I (Information Security Requirements). 

 

	
			18

				
			GENERAL PROVISIONS.

			

 

	 	18.1	Governing law and venue; waiver of jury trial; specific performance. Subject to the Dispute Escalation procedures set forth in Section 18.14 (Dispute Escalation), this Agreement, and all Actions (whether in contract, tort or statute) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this Agreement or as an inducement to enter into this Agreement), shall be governed by, and enforced in accordance with, the Laws of the State of New York, including its statutes of limitations, without giving effect to any borrowing statute or applicable principles of conflicts of law to the extent that the application of the laws (including statutes of limitation) of another jurisdiction (whether of the State of New York or any other jurisdiction) would be required thereby. The Parties acknowledge that the respective rights and obligations of each Party as set forth in the Agreement are based on law and the regulatory environment as it exists as of the Effective Date. If any legislative body, regulatory or judicial order, rule, regulation, arbitration or dispute resolution or other legal or regulatory action materially affects the provisions of this Agreement, then either Party may, by providing written notice to the other party, require that the affected provisions of the Agreement be renegotiated in good faith.  

 

28

 

 

	 	
			18.2

				
			Headings and Interpretation. Headings of sections of this Agreement are included for convenience only and may not be used to define, limit, extend or interpret the terms of this Agreement. Each capitalized term applies equally to both the singular and plural forms thereof. The Parties acknowledge and agree that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party will not be employed in the interpretation of this Agreement or any exhibits to this Agreement. No course of dealing, course of performance or usage of trade may be considered in the interpretation or enforcement of this Agreement. The Parties waive any right they may have to introduce evidence of any such course of dealing, course of performance or usage of trade. The term “day” when used in this Agreement, unless specified as a business day, means calendar day. For the purposes of this Agreement, a “business day” means a weekday (other than a Saturday or a Sunday) excluding any national (U.S.) holiday.

			

 

	 	
			18.3

				
			Notices. All notices and other communications under this Agreement will be given in writing (email sufficient) and be deemed to have been duly given and effective:

			

 

	 	
			18.3.1

				
			Upon receipt if delivered in person, or via email;

			

 

	 	
			18.3.2

				
			1 day after deposit prepaid with a national overnight express delivery service; or

			

 

	 	
			18.3.3

				
			3 days after deposit in the United States mail.

			

 

	 	
			18.3.4

				
			Either party may change the following contact information upon written notice to the other party.

			

 

	 	
			18.3.5

				
			Notices are to be delivered or transmitted to:

			

 

29

 

 

	 	
			If to be given to MVNE SP:

				
			If to be given to DISH:

			
	 	
			Ting, Inc.

				
			DISH Wireless L.L.C.

			
	 	
			Attn: Chief Executive Officer

			 

			If by nationally recognized courier service:

				
			Attn: Chief Information Officer 

			 

			If by nationally recognized courier service:

			
	 	
			96 Mowat Ave.

			Toronto, ON Canada M6K 3M1

				
			9601 South Meridian Blvd.

			Englewood, Colorado 80112

			 

			If by first-class certified mail:

			P.O. Box 6655

			Englewood, Colorado 80155

			
	 	 	 
	 	 	
			If by facsimile:

			Fax #: (303) 723-2050

			
	 	 	 
	 	
			Cc: Davinder Singh,

			Chief Financial Officer

			 

			If by nationally-recognized courier service:

			Same address as noted above for DISH

			nationally-recognized courier delivery

			 

			with a copy by email to: legal@tucows.com

				
			Cc: Office of the General Counsel 

			DISH Wireless L.L.C.

			 

			If by nationally-recognized courier service:

			Same address as noted above for DISH

			nationally-recognized courier delivery

			 

			If by first-class certified mail:

			Same address as noted above for DISH first-

			class certified mail delivery

			 

			If by facsimile:

			
	 	 	
			Fax #: (303) 723-2050

			

 

 

	 	
			18.4

				
			Policy Types and Coverage. 

			

 

	 	
			18.4.1

				
			MVNE SP shall, at all times during the Term and at MVNE SP’s sole cost and expense, maintain the following insurance policies: (a) commercial general liability insurance covering bodily injury, property damage, personal and advertising injury liability and contractual liability, with limits of not less than one million and 00/100 dollars ($1,000,000.00) for any one (1) occurrence and two million and 00/100 dollars ($2,000,000.00) annual aggregate, naming “DISH Purchasing Corporation and its parent companies, subsidiaries and affiliates” as additional insureds; (b) workers’ compensation insurance, with limits of not less than the greater of (i) one million and 00/100 dollars ($1,000,000.00) and (ii) the minimum amount required by Law; (c) umbrella/excess liability insurance with limits of not less than five million and 00/100 dollars ($5,000,000.00) per occurrence and five million and 00/100 dollars ($5,000,000.00) annual aggregate in excess of the commercial general liability and business auto liability insurance, naming “DISH Purchasing Corporation and its parent companies, subsidiaries and affiliates” as additional insureds) “All Risk” property insurance covering not less than one hundred percent (100%) of the replacement value of MVNE SP’s personal property; (d) cyber-liability insurance covering acts, errors and/or omissions arising out of Services performed under this Agreement, with limits of not less than five million and 00/100 dollars ($5,000,000.00) per occurrence and five million and 00/100 dollars ($5,000,000.00) annual aggregate; and (e) professional liability insurance covering acts, errors or omissions arising out of Services performed under this Agreement, with limits of not less than three million and 00/100 dollars ($3,000,000.00) per occurrence and five million and 00/100 dollars ($5,000,000.00) annual aggregate. 

			

 

30

 

 

	 	
			18.4.2

				
			Other Policy Terms. Each insurance policy described in this Section 18.3.7 must: (a) provide that the proceeds of the insurance policy are payable to DISH; (b) be maintained with an insurer with an A.M. Best Company, Inc. rating of at least A-, Financial Class Size VII; (c) provide it cannot be cancelled or modified without thirty (30) days’ advance written notice to DISH; (d) be primary and noncontributory to any insurance maintained by DISH; (e) contain a waiver of subrogation against DISH and DISH’s Affiliates; and (f) have an extended reporting period or “tail” of not less than two (2) years following the expiration or sooner termination of this Agreement if such insurance policy is a “claims-made” insurance policy.

			

 

	 	
			18.4.3

				
			Certificates; No Waiver. Immediately upon DISH’s request, MVNE SP shall deliver to DISH original certificates of insurance evidencing the insurance policies required by Section 18.3.7 of this Agreement. For the avoidance of doubt, this Section 18.3.8 does not waive, modify or otherwise alter MVNE SP’s obligations pursuant to any other provision of this Agreement.

			

 

	 	
			18.5

				
			Force Majeure. 

			

 

	 	
			18.5.1

				
			The obligations of DISH or its Affiliates or MVNE SP or its Affiliates under this Agreement will be suspended to the extent that such Party is wholly or partially precluded from complying with its obligations under this Agreement by force majeure. Force majeure includes, but is not restricted to, Acts of God, fire, storm, flood, earthquake, explosion, accident, act of the public enemy, war, rebellion, insurrection, sabotage, outbreak, epidemic, public health emergency, quarantine restriction, labor dispute, labor shortage, transportation embargo or failure, or any other event or circumstance beyond such Party’s control. If any force majeure limits MVNE SP or its Affiliates ability to deliver goods or Services to DISH or its Affiliates, MVNE or its Affiliates may make partial deliveries to DISH or its Affiliates in proportions that are reasonable under the circumstances.

			

 

	 	
			18.5.2

				
			In addition to, and without limiting, the foregoing, each Party expressly acknowledges and agrees that it was and will not be possible for MVNE SP or its Affiliates to foresee all the consequences that the existence and spread of the SARS-CoV-2 virus (the “Pandemic”) may have or cause, including without limitation, the actions or recommendations by authorities. Consequently, each Party acknowledges that: (i) the other Party’s obligations and ability to perform under this Agreement may be affected thereby; and (ii) challenges and/or disruptions to performance may occur. The Parties agree that they will work together in good faith to agree on possible adjustments to the performance and delivery of the Services with a view toward securing as little disturbance or interruption to each Party’s performance under this Agreement as is reasonably practical; provided that neither Party shall be excused from timely and proper performance of its obligations under this Agreement arising from a failure to adequately plan for or mitigate the consequences or impact of the Pandemic.

			

 

	 	
			18.6

				
			No Other Agreements.

			

 

	 	
			18.6.1

				
			Each Party represents and warrants to the other Party that the execution and performance of this Agreement does not and will not violate any other contract or obligation to which the Party making such representation and warranty is a party. Neither Party will disclose to the other Party, or use or induce such other Party to use, any proprietary information or trade secrets of any other person, association or entity. This Agreement constitutes the entire agreement and understanding between MVNE SP and DISH with respect to the Services and supersede all offers, negotiations and other agreements concerning the Services. Neither party is relying on any oral or written representations or warranties from the other party, including, but not limited to, any representation or warranty as to the nature of competition or the results or effect of any advertising. No course of dealing, course of performance, or usage of trade may be invoked by either party to modify or supplement in any way the terms and conditions of this Agreement.

			

 

31

 

 

	 	
			18.6.2

				
			Except as set forth in this Agreement, any amendments to this Agreement must be in writing and signed by Authorized Representatives of DISH and MVNE SP.

			

 

	 	
			18.7

				
			Relationship, Authority and Representations. Nothing in this Agreement creates or will be construed or implied to create a relationship of partners, agency, joint venture, or employer and employee. Neither Party is not authorized to act as an agent for or legal representative of the other Party, and does not have authority to assume or create any obligation on behalf of, in the name of, or that will be binding upon such other Party.

			

 

	 	
			18.8

				
			Remedies Cumulative. Subject to Section 11.6.2, the rights and remedies expressly provided in this Agreement are cumulative and not exclusive of any rights or remedies that a Party would otherwise have.

			

 

	 	
			18.9

				
			Successor Interests and Assignment. This Agreement is binding upon the heirs, legal representatives, successors and assigns of DISH and MVNE SP.

			

 

	 	
			18.10

				
			Assignment. Neither Party may assign, license, sublicense or otherwise transfer any of its rights or obligations under this Agreement without the other Party’s prior written consent. Any assignment or transfer in violation of the foregoing shall be null and void ab initio. Notwithstanding the foregoing, either Party may, without consent or approval by the other Party: (i) assign this Agreement, in whole or in part and the rights and obligations thereunder to any Affiliate of such Party; provided, that with respect to the assigning Party, such Affiliate must be incorporated or formed within the Territory, have a financial position that is equal to or better than the assigning Party and have the technical expertise and experience to perform such Party’s obligations hereunder, or (ii) assign this Agreement, in whole or in part, to any successor entity to such Party, whether as a result of merger, sale of substantially all of a Party’s assets or by operation of Law; provided, that with respect to the assigning Party, such successor entity must be incorporated or formed within the Territory, have a financial position that is equal to or better than the assigning Party and have the technical expertise and experience to perform the assigning Party’s obligations hereunder.

			

 

	 	
			18.11

				
			[REDACTED]:

			

 

	 	
			18.11.1

				
			   [REDACTED]

			

 

	 	
			18.11.2

				
			.  [REDACTED]

			

 

	 	
			18.11.3

				
			   [REDACTED]

			

 

	 	
			18.11.3.1

				
			  [REDACTED]

			

 

32

 

 

	 	
			18.11.3.2

				
			  [REDACTED]

			

 

	 	
			18.11.3.3

				
			  [REDACTED]

			

 

	 	
			18.11.3.4

				
			  [REDACTED]

			

 

	 	
			18.12

				
			          Further Assurances. Each party shall, and shall cause their respective Affiliates to, upon the reasonable request, and at the sole cost and expense, of the other party, promptly execute such documents and take such further actions as may be necessary to give full effect to the terms of this Agreement.

			

 

	 	
			18.13

				
			          Severability. If any provision of this Agreement is held invalid under any applicable law or court order, the invalidity will not affect any other provisions of this Agreement that can be given effect without the invalid provision. Further, all terms and conditions of this Agreement will be deemed enforceable to the fullest extent permissible under applicable law, and, when necessary, the court is requested to reform any and all terms or conditions to give them such effect.

			

 

	 	
			18.14

				
			          No Waiver. No failure by a Party to take action on account of any default or breach of this Agreement by the other party will constitute a waiver of that default or breach, or of the performance required of the other Party under this Agreement

			

 

	 	
			18.15

				
			         Dispute Escalation. If there is a dispute between the Parties relating to the Service or any other aspect of this Agreement, the Parties will each designate one or more representatives to meet and use good faith efforts to attempt to resolve the dispute prior to filing a legal action. If the representatives are unable to resolve the dispute within thirty (30) days after the date of written notice of the dispute from one Party to the other, then the Parties will escalate the dispute to the vice president level on each side. If the vice presidents are unable to resolve the dispute within thirty (30) days after the date of escalation, then either Party may file a legal action in accordance with Section 18.1. Notwithstanding the foregoing, nothing in this Agreement will prevent either Party from or require either Party to delay the filing of any claim for injunctive relief.

			

 

	 	
			18.16

				
			         Governing Law and Venue. This Agreement, and all Actions (whether in contract, tort or statute) that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this Agreement), shall be governed by, and enforced in accordance with, the Laws of the State of New York, including its statutes of limitations, without giving effect to any borrowing statute or applicable principles of conflicts of law to the extent that the application of the laws (including statutes of limitation) of another jurisdiction (whether of the State of New York or any other jurisdiction) would be required thereby.

			

 

	 	
			18.17

				
			           Attorney’s Fees and Costs. The prevailing party in any dispute under this Agreement will be entitled to recover its costs, including reasonable attorneys’ fees.

			

 

	 	
			18.18

				
			           No Third Party Beneficiaries. This Agreement is for the sole benefit of the parties and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or will confer upon any other Person any legal or equitable right, benefit, or remedy of any nature whatsoever, under or by reason of this Agreement.

			

 

	 	
			18.19

				
			          Construction. 

			

 

33

 

 

	 	
			18.19.1

				
			Interpretation. This Agreement will be interpreted according to the plain meaning of its terms without any presumption that it should be construed in favor of or against either party. Any list of examples following followed by “including” or “e.g.” is illustrative and not exhaustive, unless qualified by terms like “only” or “solely.” All references (e.g., to sections, parties, terms, and Schedules) are to the sections of, parties to, terms of, and Schedules to this Agreement, unless stated otherwise. All captions are intended solely for the parties’ convenience, and none will affect the meaning of any provision. The words “herein,” “hereof,” and words of similar meaning refer to this Agreement as a whole, including its Schedules. All references to “days” refer to calendar days, unless otherwise expressly set forth in this Agreement.

			

 

	 	
			18.19.2

				
			Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability will not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Upon a determination that any term or other provision is invalid, illegal, or unenforceable, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

			

 

	 	
			18.19.3

				
			No Waiver. No waiver by any party of any of the provisions hereof will be effective unless explicitly set forth in writing and signed by the waiving party. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any rights, remedy, power, or privilege arising from this Agreement will operate or be construed as a waiver thereof; nor will any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege.

			

 

	 	
			18.20

				
			            Entire Agreement. This Agreement, including, for clarity and without limitation, the recitals hereto and any and all Order Forms , amendments, attachments, schedules, addenda and/or exhibits to this Agreement or any such Order Form(s), set forth the entire, final and complete understanding between the Parties relevant to the subject matter of this Agreement, and supersede and replace all previous understandings or agreements, written, oral or implied, relevant to the subject matter of this Agreement made or existing before the Effective Date. The terms and conditions of this Agreement will apply to all work performed and Services rendered by MVNE SP during the Term. Any terms and/or conditions in MVNE SP’s quotation forms, sales forms, acknowledgements, invoices, click-through agreements, referenced hyperlinks, communications or the like that are inconsistent with the provisions of this Agreement are of no force or effect. Except as expressly provided by this Agreement, no Order Form, Change Request, waiver or modification of any of the terms or conditions of this Agreement will be effective or binding on either Party unless in writing and signed by the Authorized Representatives of each Party. This Agreement may be executed by facsimile or electronic acceptance (in the manner specified by DISH) in two (2) or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

			

 

	 	
			18.21

				
			         Conflicting Terms. The Parties agree that in the event of any conflicting terms or conditions between this MSA, any attachment hereto or any Order Form, except as expressly set forth in a writing executed by both Parties, the terms and conditions set forth in this MSA shall control.

			

 

34

 

 

	 	
			18.22

				
			         Consultation with Counsel. DISH and MVNE SP acknowledge that both parties have had the opportunity to review this Agreement, have negotiated its terms, and have had the opportunity to obtain independent legal counsel for advice regarding all terms. Neither party has relied upon any representation made by the other party regarding the meaning or effect of any of the provisions of this Agreement.

			

 

	 	
			18.23

				
			        Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. The parties agree that any facsimile copy of a signed counterpart of this Agreement will be treated the same as a signed original of this Agreement. Signatures by facsimile and electronically scanned signatures shall be effective as original signatures of this Agreement.

			

 

	 	
			18.24

				
			         Signing Authority. Each person signing below hereby warrants and represents that he or she has full authority to execute this Agreement for the party on whose behalf he or she is signing.

			

 

35

 

 

EXECUTION VERSION

EXECUTED as of the dates set forth below.

 

	 	Ting, Inc.	 
	 	 	 
	 	 	 
	 	By:	 
	 	Its:	 
	 	 	 
	 	 	 
	 	Signature Date:	 
	 	 	 
	 	 	 
	 	DISH Wireless L.L.C.	 
	 	 	 
	 	 	 
	 	By:	 
	 	Its:	 
	 	 	 
	 	 	 
	 	Signature Date:	 

 

36

 

 

Attachment(s)

 

 

Schedule A – Scope of Work

Schedule B – SLA

Schedule C – Pricing Schedule

Schedule D – [RESERVED]

Schedule E – Change Request

Schedule F – Escrow Agreement

Schedule G – Sample Order Form

Schedule H – Federal Universal Service Fund Certification

Schedule I – Information Security Requirements

Schedule J – [RESERVED]

Schedule K – Knowledge

Schedule L – Approved Subcontractors

Schedule M – Underlying Carrier Suspension Authorization

Schedule N – [RESERVED]

 

 

37

 

 

Schedules and Exhibits to the agreement have been omitted pursuance to Item 601(b)(2) of Regulation S-K. The Company undertakes to furnish supplementary copies of any of the omitted schedules upon request by the SEC.

 

 

38Exhibit 10.1

 

DIGINEX
LIMITED 

2020
OMNIBUS INCENTIVE PLAN

 

Section
1. General.

 

The
name of the Plan is the Diginex Limited 2020 Omnibus Incentive Plan (the “Plan”). The Plan intends to: (i)
encourage the profitability and growth of the Company through short-term and long-term incentives that are consistent with the
Company’s objectives; (ii) give Participants an incentive for individual performance; (iii) promote teamwork
among Participants; and (iv) give the Company an advantage in attracting and retaining key Employees, Directors, and Consultants.
To accomplish such purposes, the Plan provides that the Company may grant Options, Share Appreciation Rights, Restricted Shares,
Restricted Share Units, Performance-Based Awards (including performance-based Restricted Shares and Restricted Share Units), Other
Share-Based Awards, Other Cash-Based Awards or any combination of the foregoing.

 

WARNING:
THE CONTENTS OF THIS PLAN HAVE NOT BEEN REVIEWED BY ANY REGUALTORY AUTHORITY IN HONG KONG. YOU ARE ADVISED TO EXERCISE CAUTION
IN RELATION TO THE OFFER. IF YOU ARE IN ANY DOUBT ABOUT ANY OF THE CONTENTS OF THIS PLAN, YOU SHOULD OBTAIN INDEPENDENT PROFESSIONAL
ADVICE.

 

Section
2. Definitions.

 

For
purposes of the Plan, the following terms shall be defined as set forth below:

 

	 	a)	“Administrator”
    means the Board, or, if and to the extent the Board does not administer the Plan, the Committee appointed by the Board to
    administer the Plan in accordance with Section 3 of the Plan.
	 	 	 
	 	b)	“Affiliate”
    means a Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under
    common control with, the Person specified. An entity shall be deemed an Affiliate of the Company for purposes of this definition
    only for such periods as the requisite ownership or control relationship is maintained.
	 	 	 
	 	c)	“Automatic
    Exercise Date” means, with respect to an Option or a Share Appreciation Right, the last business day of the applicable
    term of the Option pursuant to Section 7(c) or the Share Appreciation Right pursuant to Section 8(g).
	 	 	 
	 	d)	“Award”
    means any Option, Share Appreciation Right, Restricted Share, Restricted Share Unit, Performance-Based Award, Other Share-Based
    Award, or Other Cash-Based Award granted under the Plan.
	 	 	 
	 	e)	“Award
    Agreement” means any agreement, contract, or other instrument or document evidencing an Award. Evidence of an Award
    may be in written or electronic form, may be limited to notation on the books and records of the Company and, with the approval
    of the Administrator, need not be signed by a representative of the Company or a Participant. Any Shares that become deliverable
    to the Participant pursuant to the Plan may be issued in certificate form in the name of the Participant or in book-entry
    form in the name of the Participant.
	 	 	 
	 	f)	“Bylaws”
    means the constitution of the Company, as may be amended and/or restated from time to time.
	 	 	 
	 	g)	“Beneficial
    Owner” (or any variant thereof) has the meaning defined in Rule 13d-3 under the Exchange Act.
	 	 	 
	 	h)	“Board”
    means the Board of Directors of the Company.

 

    	 

     

    

 

	 	i)	“Cause”
    shall have the meaning assigned to such term in any Company or Affiliate employment, severance, or similar agreement or Award
    Agreement with the Participant or, if no such agreement exists or the agreement does not define “Cause,” Cause
    means (i) any conduct, action or behavior by a Participant, whether or not in connection with the Participant’s
    employment, including, without limitation, the commission of any felony or a lesser crime involving dishonesty, fraud, misappropriation,
    theft, wrongful taking of property, embezzlement, bribery, forgery, extortion or other crime of moral turpitude, that has
    or may reasonably be expected to have a material adverse effect on the reputation or business of the Company, its Subsidiaries
    and Affiliates or which results in gain or personal enrichment of the Participant to the detriment of the Company, its Subsidiaries
    and Affiliates; (ii) a governmental authority has prohibited the Participant from working or being affiliated with
    the Company, its Subsidiaries and Affiliates or the business conducted thereby; (iii) the commission of any act by
    the Participant of gross negligence or malfeasance, or any willful violation of law, in each case, in connection with the
    Participant’s performance of his or her duties with the Company or any Affiliate thereof; (iv) performance of
    the Participant’s duties in an unsatisfactory manner after a written warning and a ten (10) day opportunity to cure
    or failure to observe material policies generally applicable to employees after a written warning and a ten (10) day opportunity
    to cure; (v) a breach of the Participant’s fiduciary duty to the Company Group which constitutes a willful failure
    to deal fairly with the Company Group or its shareholders in connection with a transaction in which the Participant has a
    material undisclosed personal conflict of interest; (vi) the Participant’s chronic absenteeism (i.e.,
    the Participant’s absence of ten percent (10%) or more of total work-days in a calendar year; (vii) the Participant’s
    substance abuse, illegal drug use, or habitual insobriety; or (viii) the Participant’s violation of obligations
    of confidentiality to any third party in the course of providing services to the Company, its Subsidiaries and Affiliates.
	 	 	 
	 	j)	“Certificate
    of Incorporation” means the certificate of incorporation of the Company, as may be amended and/or restated from
    time to time.
	 	 	 
	 	k)	“Change
    in Capitalization” means any (i) merger, consolidation, reclassification, recapitalization, spin-off, spin-out,
    repurchase or other reorganization or corporate transaction or event, (ii) extraordinary dividend (whether in the form
    of cash, Ordinary Shares or other property), share split or reverse share split, (iii) combination or exchange of shares,
    (iv) other change in corporate structure, or (v) payment of any other distribution, which, in any such case,
    the Administrator determines, in its sole discretion, affects the Shares such that an adjustment pursuant to Section 5 of
    the Plan is appropriate.
	 	 	 
	 	l)	“Change
    in Control” shall be deemed to have occurred if an event set forth in any one of the following paragraphs shall
    have occurred following the Effective Date:

 

	 	(i)	any
    Person, other than the Company or a trustee or other fiduciary holding securities under an employee benefit plan of the Company,
    becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing more than fifty percent (50%)
    of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial
    Owner in connection with a transaction described in clause (A) of paragraph (iii) below or any acquisition directly
    from the Company; or
	 	 	 
	 	(ii)	the
    following individuals cease for any reason to constitute a majority of the number of Directors then serving on the Board:
    individuals who, during any period of two (2) consecutive years, constitute the Board and any new Director (other than a Director
    whose initial assumption of office is in connection with an actual or threatened election contest, including, but not limited
    to, a consent solicitation, relating to the election of Directors of the Company) whose appointment or election by the Board
    or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least two-thirds
    (2/3) of the Directors then still in office who either were Directors at the beginning of the two (2) year period or whose
    appointment, election or nomination for election was previously so approved or recommended; or

 

    	 

     

    

 

	 	(iii)	there
    is consummated a merger or consolidation of the Company or any Affiliate thereof with any other corporation, other than a
    merger or consolidation (A) that results in the voting securities of the Company outstanding immediately prior thereto
    continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity)
    at least fifty percent (50%) of the combined voting power of the voting securities of the Company (or such surviving entity
    or, if the Company or the entity surviving such merger is then a subsidiary, the ultimate parent thereof) outstanding immediately
    after such merger or consolidation, and (B) immediately following which the individuals who comprise the Board immediately
    prior thereto constitute at least a majority of the Board of the entity surviving such merger or consolidation or, if the
    Company or the entity surviving such merger is then a subsidiary, the ultimate parent thereof; or
	 	 	 
	 	(iv)	the
    consummation of a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the
    sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale
    or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent
    (50%) of the combined voting power of the voting securities of which are owned directly or indirectly by shareholders of the
    Company following the completion of such transaction in substantially the same proportions as their ownership of the Company
    immediately prior to such sale or (B) a sale or disposition of all or substantially all of the Company’s assets
    immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a majority
    of the board of directors of the entity to which such assets are sold or disposed or, if such entity is a subsidiary, the
    ultimate parent thereof.

 

Notwithstanding
the foregoing, a “Change in Control” shall not be deemed to have occurred by virtue of the consummation of any transaction
or series of integrated transactions immediately following which the holders of Ordinary Shares immediately prior to such transaction
or series of transactions continue to have substantially the same proportionate ownership in an entity which owns all or substantially
all of the assets of the Company immediately following such transaction or series of transactions.

 

	 	m)	“Change
    in Control Price” shall have the meaning set forth in Section 12 of the Plan.
	 	 	 
	 	n)	“Committee”
    means any committee or subcommittee the Board may appoint to administer the Plan. Subject to the discretion of the Board,
    the Committee shall be composed entirely of individuals who meet the qualifications of a “non-employee director”
    within the meaning of Rule 16b-3 under the Exchange Act and any other qualifications required by the applicable stock/share
    exchange on which the Ordinary Shares are traded. If at any time or to any extent the Board shall not administer the Plan,
    then the functions of the Administrator specified in the Plan shall be exercised by the Committee. Except as otherwise provided
    in the Company’s Certificate of Incorporation or Bylaws, or any charter establishing the Committee, any action of the
    Committee with respect to the administration of the Plan shall be taken by a majority vote at a meeting at which a quorum
    is duly constituted or unanimous written consent of the Committee’s members.
	 	 	 
	 	o)	“Company”
    means Diginex Limited, a Singapore public limited corporation (or any successor corporation, except as the term “Company”
    is used in the definition of “Change in Control” above).
	 	 	 
	 	p)	“Consultant”
    means any consultant or independent contractor of the Company or an Affiliate thereof, in each case, who is not an Employee,
    Executive Officer, or non-employee Director.
	 	 	 
	 	q)	“Disability”
    shall have the meaning assigned to such term in any individual employment, severance or similar agreement or Award Agreement
    with the Participant or, if no such agreement exists or the agreement does not define “Disability,” Disability
    means, with respect to any Participant, that such Participant (i) is unable to engage in any substantial gainful activity
    by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected
    to last for a continuous period of not less than twelve (12) months, or (ii) is, by reason of any medically determinable
    physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period
    of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months
    under an accident and health plan covering Employees of the Company or an Affiliate thereof.

 

    	 

     

    

 

	 	r)	“Director”
    means any individual who is a member of the Board on or after the Effective Date.
	 	 	 
	 	s)	“Effective
    Date” shall have the meaning set forth in Section 18 of the Plan.
	 	 	 
	 	t)	“Eligible
    Recipient” means: (i) an Employee; (ii) a non-employee Director; or (iii) a Consultant, in
    each case, who has been selected as an Eligible Recipient under the Plan by the Administrator.
	 	 	 
	 	u)	“Employee”
    shall mean an employee of the Company or an Affiliate thereof, including an Executive Officer or Director who is also treated
    as an employee.
	 	 	 
	 	v)	“Exchange
    Act” means the United States Securities Exchange Act of 1934, as amended from time to time.
	 	 	 
	 	w)	“Executive
    Officer” means each Participant who is an executive officer (within the meaning of Rule 3b-7 under the Exchange
    Act) of the Company.
	 	 	 
	 	x)	“Exercise
    Price” means, with respect to any Award under which the holder may purchase Shares, the price per share at which
    a holder of such Award granted hereunder may purchase Shares issuable upon exercise of such Award.
	 	 	 
	 	y)	“Fair
    Market Value” as of a particular date shall mean: (i) if the Ordinary Shares are admitted to trading on a
    national securities exchange, the fair market value of a Share on any date shall be the closing sale price reported for such
    share on such exchange on such date or, if no sale was reported on such date, on the last day preceding such date on which
    a sale was reported; or (ii) if the Shares are not then listed on a national securities exchange or traded in an over-the-counter
    market or the value of such Shares is not otherwise determinable, such value as determined by the Committee in good faith
    (such determination to be conclusive and binding on all persons).
	 	 	 
	 	z)	“Free
    Standing Rights” shall have the meaning set forth in Section 8(a) of the Plan.
	 	 	 
	 	aa)	“Option”
    means an option to purchase Shares granted pursuant to Section 7 of the Plan.
	 	 	 
	 	bb)	“Ordinary
    Shares” means the ordinary shares of the Company.
	 	 	 
	 	cc)	“Other
    Cash-Based Award” means a cash Award granted to a Participant under Section 11 of the Plan, including cash awarded
    as a bonus or upon the attainment of Performance Goals or otherwise as permitted under the Plan.
	 	 	 
	 	dd)	“Other
    Share-Based Award” means a right or other interest granted to a Participant under Section 11 of the Plan that may
    be denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Ordinary Shares,
    including, but not limited to, unrestricted Shares or dividend equivalents, each of which may be subject to the attainment
    of Performance Goals or a period of continued employment or other terms or conditions as permitted under the Plan.
	 	 	 
	 	ee)	“Participant”
    means any Eligible Recipient selected by the Administrator, pursuant to the Administrator’s authority provided for in
    Section 3 of the Plan, to receive grants of Options, Share Appreciation Rights, Restricted Shares, Restricted Share Units,
    Performance-Based Awards, Other Share-Based Awards, Other Cash-Based Awards or any combination of the foregoing, and, upon
    his or her death, his or her successors, heirs, executors and administrators, as the case may be, solely with respect to any
    Awards outstanding at the date of the Eligible Recipient’s death.
	 	 	 
	 	ff)	“Performance-Based
    Award” means any Award granted under the Plan that is subject to one or more Performance Goals. Any dividends or
    dividend equivalents payable or credited to a Participant with respect to any unvested Performance-Based Award shall be subject
    to the same Performance Goals as the Shares or units underlying the Performance-Based Award.

 

    	 

     

    

 

	 	gg)	“Performance
    Goals” means performance goals based on one or more of the following criteria: (i) earnings before interest
    and taxes; (ii) earnings before interest, taxes, depreciation and amortization; (iii) net operating profit after
    tax; (iv) cash flow; (v) revenue; (vi) net revenues; (vii) sales; (viii) days sales outstanding;
    (ix) scrap rates; (x) income; (xi) net income; (xii) operating income; (xiii) net operating
    income; (xiv) operating margin; (xv) earnings; (xvi) earnings per share; (xvii) return on equity;
    (xviii) return on investment; (xix) return on capital; (xx) return on assets; (xxi) return on
    net assets; (xxii) total shareholder return; (xxiii) economic profit; (xxiv) market share; (xxv)
    appreciation in the fair market value, book value or other measure of value of the Company’s Ordinary Shares; (xxvi)
    expense or cost control; (xxvii) working capital; (xxviii) volume or production; (xxix) new products;
    (xxx) customer satisfaction; (xxxi) brand development; (xxxii) employee retention or employee turnover;
    (xxxiii) employee satisfaction or engagement; (xxxiv) environmental, health or other safety goals; (xxxv)
    individual performance; (xxxvi) strategic objective milestones; (xxxvii) days inventory outstanding; and (xxxviii)
    any other performance goal or a combination of performance goals selected by the Administrator. Where applicable, the Performance
    Goals may be expressed in terms of attaining a specified level of the particular criteria or the attainment of a percentage
    increase or decrease in the particular criteria, and may be applied to one or more of the Company or an Affiliate thereof,
    or a division or strategic business unit of the Company, or may be applied to the performance of the Company relative to a
    market index, a group of other companies or a combination thereof, all as determined by the Administrator. The Performance
    Goals may include a threshold level of performance below which no payment shall be made (or no vesting shall occur), levels
    of performance at which specified payments shall be made (or specified vesting shall occur), and a maximum level of performance
    above which no additional payment shall be made (or at which full vesting shall occur).
	 	 	 
	 	hh)	“Person”
    shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof,
    except that such term shall not include (i) the Company or any Affiliate thereof, (ii) a trustee or other fiduciary
    holding securities under an employee benefit plan of the Company or any Affiliate thereof, (iii) an underwriter temporarily
    holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly,
    by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company.
	 	 	 
	 	ii)	“Related
    Rights” shall have the meaning set forth in Section 8(a) of the Plan.
	 	 	 
	 	jj)	“Restricted
    Shares” means an Award of Shares granted pursuant to Section 9 of the Plan subject to certain restrictions that
    lapse at the end of a specified period or periods or the attainment of certain Performance Goals.
	 	 	 
	 	kk)	“Restricted
    Share Unit” means a notional account established pursuant to an Award granted to a Participant, as described in
    Section 10 of the Plan, that is (i) valued solely by reference to Shares, (ii) subject to restrictions specified
    in the Award Agreement, and (iii) payable in cash or in Shares (as specified in the Award Agreement). The Restricted
    Share Units awarded to the Participant will vest according to the time-based criteria or Performance Goals criteria specified
    in the Award Agreement.
	 	 	 
	 	ll)	“Restricted
    Period” means the period of time determined by the Administrator during which an Award or a portion thereof is subject
    to restrictions or, as applicable, the period of time within which performance is measured for purposes of determining whether
    an Award has been earned.
	 	 	 
	 	mm)	“Retirement”
    means a termination of a Participant’s employment, other than for Cause and other than by reason of death or Disability,
    on or after the attainment of age 65.
	 	 	 
	 	nn)	“Rule
    16b-3” shall have the meaning set forth in Section 3(a) of the Plan.
	 	 	 
	 	oo)	“Shares”
    means Ordinary Shares issued or to be issued under the Plan, as adjusted pursuant to the Plan, and any successor (pursuant
    to a merger, consolidation or other reorganization) security.

 

    	 

     

    

 

	 	pp)	“Share
    Appreciation Right” means the right pursuant to an Award granted under Section 8 of the Plan to receive an amount
    equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is
    surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of
    such Award or such portion thereof.
	 	 	 
	 	qq)	“Subsidiaries”
    has the meaning as ascribed under the Companies Act (Cap. 50) of Singapore.
	 	 	 
	 	rr)	“Substitute
    Award” shall mean an Award granted under the Plan upon the assumption of, or in substitution for, outstanding equity
    awards granted by a company or other entity in connection with a corporate transaction, such as a merger, combination, consolidation,
    or acquisition of property or stock/shares; provided, however, that in no event shall the term “Substitute Award”
    be construed to refer to an award made in connection with the cancellation and repricing of an Option or Share Appreciation
    Right.

 

Section
3. Administration.

 

(a)
The Plan shall be administered by the Administrator and shall be administered in accordance with, to the extent applicable, Rule
16b-3 under the Exchange Act (“Rule 16b-3”).

 

(b)
Pursuant to the terms of the Plan, the Administrator, subject, in the case of any Committee, to any restrictions on the authority
delegated to it by the Board, shall have the power and authority, without limitation:

 

(i)
to select those Eligible Recipients who shall be Participants;

 

(ii)
to determine whether and to what extent Options, Share Appreciation Rights, Restricted Shares, Restricted Share Units, Performance-Based
Awards, Other Share-Based Awards, Other Cash-Based Awards or a combination of any of the foregoing, are to be granted hereunder
to Participants;

 

(iii)
to determine the number of Shares to be covered by each Award granted hereunder;

 

(iv)
to determine the terms and conditions, not inconsistent with the terms of the Plan, of each Award granted hereunder, including,
but not limited to, (A) the restrictions applicable to Restricted Shares and Restricted Share Units and the conditions
under which restrictions applicable to such Restricted Shares and Restricted Share Units shall lapse, (B) the Performance
Goals and periods applicable to Awards, if any, (C) the Exercise Price of each Award, (D) the vesting schedule applicable
to each Award, and (E) the number of Shares subject to each Award, any amendments to the terms and conditions of outstanding
Awards, including, but not limited to, extending the exercise period of such Awards and accelerating the vesting schedule of such
Awards;

 

(v)
to determine the terms and conditions, not inconsistent with the terms of the Plan, which shall govern all written instruments
evidencing Options, Share Appreciation Rights, Restricted Shares, Restricted Share Units or Other Share-Based Awards, Other Cash-Based
Awards or any combination of the foregoing granted hereunder;

 

(vi)
to determine the Fair Market Value;

 

(vii)
to determine the duration and purpose of leaves of absence which may be granted to a Participant without constituting termination
of the Participant’s employment for purposes of Awards granted under the Plan;

 

(viii)
to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall from time to time
deem advisable;

 

(ix)
to reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan, any Award Agreement or other
instrument or agreement relating to the Plan or an Award granted under the Plan; and

 

    	 

     

    

 

(x)
to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any Award Agreement relating
thereto), and to otherwise supervise the administration of the Plan and to exercise all powers and authorities either specifically
granted under the Plan or necessary and advisable in the administration of the Plan.

 

(c)
The Administrator shall have the right, from time to time, to delegate to one or more officers of the Company the authority of
the Administrator to grant and determine the terms and conditions of Awards granted under the Plan, subject to the requirements
of state law and such other limitations as the Administrator shall determine. In no event shall any such delegation of authority
be permitted with respect to Awards to any members of the Board or to any Eligible Recipient who is subject to Rule 16b-3 under
the Exchange Act. The Administrator shall also be permitted to delegate, to any appropriate officer or employee of the Company,
responsibility for performing certain ministerial functions under the Plan. If the Administrator’s authority is delegated
to officers or employees in accordance with the foregoing, all provisions of the Plan relating to the Administrator shall be interpreted
in a manner consistent with the foregoing by treating any such reference as a reference to such officer or employee for such purpose.
Any action undertaken in accordance with the Administrator’s delegation of authority hereunder shall have the same force
and effect as if such action was undertaken directly by the Administrator and shall be deemed for all purposes of the Plan to
have been taken by the Administrator.

 

(d)
All decisions made by the Administrator pursuant to the provisions of the Plan shall be final, conclusive, and binding on all
persons, including the Company and the Participants. No member of the Board or the Committee, or any officer or employee of the
Company or any Affiliate thereof acting on behalf of the Board or the Committee, shall be personally liable for any action, omission,
determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee
and each and any officer or employee of the Company and of any Affiliate thereof acting on their behalf shall, to the maximum
extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, omission, determination
or interpretation.

 

Section
4. Shares Subject to the Plan.

 

(a)
Subject to Section 5 of the Plan, the number of Shares that are available for issuance pursuant to Awards granted under the Plan
is equal to twenty percent (20%) of the total number of Ordinary Shares, issued subject to compliance with all applicable law
and calculated on the basis of the total number of Ordinary Shares assuming all convertible securities are converted or exchanged
and all rights, options or warrants to subscribe for or acquire Shares are exercised and including all Ordinary Shares authorized
for future issuance or grant under any equity incentive, share option or similar plan of the Company as of the Effective Date.

 

(b)
Notwithstanding the foregoing, the maximum number of Shares subject to Awards granted during any fiscal year to any non-employee
Director, when taken together with any cash fees paid to such non-employee Director during the fiscal year in respect of his or
her service as a Director, shall not exceed $250,000 in total value (calculating the value of any such Awards based on the grant
date Fair Market Value of such Awards for financial reporting purposes).

 

(c)
Shares issued under the Plan may, in whole or in part, be authorized but unissued Shares or Shares that shall have been or may
be reacquired by the Company in the open market, in private transactions or otherwise. Any Shares subject to an Award under the
Plan that, after the Effective Date, are forfeited, canceled, settled or otherwise terminated without a distribution of Shares
to a Participant will thereafter be deemed to be available for Awards. In applying the immediately preceding sentence, if (i)
Shares otherwise issuable or issued in respect of, or as part of, any Award are withheld to cover taxes, such Shares shall be
treated as having been issued under the Plan and shall not again be available for issuance under the Plan, (ii) Shares
otherwise issuable or issued in respect of, or as part of, any Award of Options or Share Appreciation Rights are withheld to cover
the Exercise Price, such Shares shall be treated as having been issued under the Plan and shall not be available for issuance
under the Plan, and (iii) any Share-settled Share Appreciation Rights are exercised, the aggregate number of Shares subject
to such Share Appreciation Rights shall be deemed issued under the Plan and shall not be available for issuance under the Plan.

 

(d)
Substitute Awards shall not reduce the Shares authorized for grant under the Plan. In the event that a company acquired by the
Company or any Affiliate or with which the Company or any Affiliate combines has shares available under a pre-existing plan approved
by shareholders and not adopted in contemplation of such acquisition or combination, the shares available for grant pursuant to
the terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio or other adjustment or valuation
ratio or formula used in such acquisition or combination to determine the consideration payable to the holders of ordinary shares
of the entities party to such acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares
authorized for grant under the Plan; provided that Awards using such available Shares shall not be made after the date
awards or grants could have been made under the terms of the pre-existing plan, absent the acquisition or combination, and shall
only be made to individuals who were not employed by or providing services to the Company or its Affiliates immediately prior
to such acquisition or combination.

 

    	 

     

    

 

Section
5. Equitable Adjustments.

 

In
the event of any Change in Capitalization, an equitable substitution or proportionate adjustment shall be made, in each case,
as may be determined by the Administrator, in its sole discretion, in (i) the aggregate number of Shares available for
issuance under the Plan and the maximum number of Shares that may be subject to Awards granted to any Participant in any calendar
or fiscal year, (ii) the kind, number and Exercise Price subject to outstanding Options and Share Appreciation Rights granted
under the Plan, and (iii) the kind, number and purchase price of Shares subject to outstanding Restricted Shares or Other
Share-Based Awards granted under the Plan, in each case as may be determined by the Administrator, in its sole discretion; provided,
however, that any fractional Shares resulting from the adjustment shall be eliminated. Such other equitable substitutions
or adjustments shall be made as may be determined by the Administrator, in its sole discretion. Without limiting the generality
of the foregoing, in connection with a Change in Capitalization, the Administrator may provide, in its sole discretion, for the
cancellation of any outstanding Award granted hereunder in exchange for payment in cash or other property having an aggregate
Fair Market Value of the Shares covered by such Award, reduced by the aggregate Exercise Price or purchase price thereof, if any.
The Administrator’s determinations pursuant to this Section 5 shall be final, binding and conclusive.

 

Section
6. Eligibility.

 

The
Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from among Eligible
Recipients.

 

Section
7. Options.

 

(a)
General. The Committee may, in its sole discretion, grant Options to Participants. Each Participant who is granted an Option
shall enter into an Award Agreement with the Company, containing such terms and conditions as the Administrator shall determine,
in its sole discretion, which Award Agreement shall set forth, among other things, the Exercise Price of the Option, the term
of the Option and provisions regarding exercisability of the Option granted thereunder. The provisions of each Option need not
be the same with respect to each Participant. More than one Option may be granted to the same Participant and be outstanding concurrently
hereunder. Options granted under the Plan shall be subject to the terms and conditions set forth in this Section 7 and shall contain
such additional terms and conditions, not inconsistent with the terms of the Plan, as the Administrator shall deem desirable and
set forth in the applicable Award Agreement. The prospective recipient of an Option shall not have any rights with respect to
such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award
Agreement, executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other
period as the Administrator may specify) after the award date.

 

(b)
Exercise Price. The Exercise Price of Shares purchasable under an Option shall be determined by the Administrator in the
applicable Award Agreement in its sole discretion at the time of grant.

 

(c)
Option Term. The maximum term of each Option shall be fixed by the Administrator, but in no event shall an Option be exercisable
more than (i) ten (10) years after the date such Option is granted to an Employee or (ii) five (5) years after the date such Option
is granted to a non-employee Director or a Consultant. Each Option’s term is subject to earlier expiration pursuant to the
applicable provisions in the Plan and the Award Agreement. Notwithstanding the foregoing, the Administrator shall have the authority
to accelerate the exercisability of any outstanding Option at such time and under such circumstances as the Administrator, in
its sole discretion, deems appropriate. Notwithstanding any contrary provision herein, if, on the date an outstanding Option would
expire, the exercise of the Option, including by a “net exercise” or “cashless” exercise, would violate
applicable securities laws or any insider trading policy maintained by the Company from time to time, the expiration date applicable
to the Option will be extended, to a date that is thirty (30) calendar days after the date the exercise of the Option would no
longer violate applicable securities laws or any such insider trading policy.

 

    	 

     

    

 

(d)
Exercisability. Each Option shall be exercisable at such time or times and subject to such terms and conditions, including
the attainment of pre-established Performance Goals, as shall be determined by the Administrator in the applicable Award Agreement.
The Administrator may also provide that any Option shall be exercisable only in installments, and the Administrator may waive
such installment exercise provisions at any time, in whole or in part, based on such factors as the Administrator may determine
in its sole discretion. Notwithstanding anything to the contrary contained herein, an Option may not be exercised for a fraction
of a share.

 

(e)
Method of Exercise. Options may be exercised in whole or in part by giving written notice of exercise to the Company specifying
the number of Shares to be purchased, accompanied by payment in full of the aggregate Exercise Price of the Shares so purchased
in cash or its equivalent, as determined by the Administrator. As determined by the Administrator, in its sole discretion, with
respect to any Option or category of Options, payment in whole or in part may also be made (i) by means of consideration
received under any cashless exercise procedure approved by the Administrator (including the withholding of Shares otherwise issuable
upon exercise), (ii) in the form of unrestricted Shares already owned by the Participant which have a Fair Market Value
on the date of surrender equal to the aggregate Exercise Price of the Shares as to which such Option shall be exercised, (iii)
any other form of consideration approved by the Administrator and permitted by applicable law or (iv) any combination of
the foregoing. In determining which methods a Participant may utilize to pay the Exercise Price, the Administrator may consider
such factors as it determines are appropriate.

 

(f)
Rights as Shareholder. A Participant shall have no rights to dividends or any other rights of a shareholder with respect
to the Shares subject to an Option until the Participant has given written notice of the exercise thereof, has paid in full for
such Shares and has satisfied the requirements of Section 15 of the Plan and the Shares have been issued to the Participant.

 

(g)
Termination of Employment or Service.

 

(i)
Unless the applicable Award Agreement provides otherwise, in the event that the employment or service of a Participant with the
Company and all Affiliates thereof shall terminate for any reason other than Cause, Retirement, Disability, or death, (A)
Options granted to such Participant, to the extent that they are exercisable at the time of such termination, shall remain exercisable
until the date that is ninety (90) days after such termination, on which date they shall expire, and (B) Options granted
to such Participant, to the extent that they were not exercisable at the time of such termination, shall expire at the close of
business on the date of such termination. The ninety (90) day period described in this Section 7(g)(i) shall be extended to one
(1) year after the date of such termination in the event of the Participant’s death during such ninety (90) day period.
Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term.

 

(ii)
Unless the applicable Award Agreement provides otherwise, in the event that the employment or service of a Participant with the
Company and all Affiliates thereof shall terminate on account of Retirement, Disability or the death of the Participant, (A)
Options granted to such Participant, to the extent that they were exercisable at the time of such termination, shall remain exercisable
until the date that is one (1) year after such termination, on which date they shall expire and (B) Options granted to
such Participant, to the extent that they were not exercisable at the time of such termination, shall expire at the close of business
on the date of such termination. Notwithstanding the foregoing, no Option shall be exercisable after the expiration of its term.

 

(iii)
In the event of the termination of a Participant’s employment or service for Cause, all outstanding Options (whether or
not vested) granted to such Participant shall expire at the commencement of business on the date of such termination.

 

(iv)
For purposes of this Section 7(g), Options that are not exercisable solely due to a blackout period shall be considered exercisable.

 

(h)
Other Change in Employment Status. An Option may be affected, both with regard to vesting schedule and termination, by
leaves of absence, changes from full-time to part-time employment, partial disability or other changes in the employment status
or service of a Participant, as evidenced in a Participant’s Award Agreement.

 

(i)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Options shall
be subject to Section 12 of the Plan.

 

    	 

     

    

 

(j)
Automatic Exercise. Unless otherwise provided by the Administrator in an Award Agreement or otherwise, or as otherwise
directed by the Participant in writing to the Company, each vested and exercisable Option outstanding on the Automatic Exercise
Date with an Exercise Price per Share that is less than the Fair Market Value per Share as of such date shall automatically and
without further action by the Participant or the Company be exercised on the Automatic Exercise Date. In the sole discretion of
the Administrator, payment of the Exercise Price of any such Option shall be made pursuant to Section 7(e) and the Company or
any Affiliate shall deduct or withhold an amount sufficient to satisfy all taxes associated with such exercise in accordance with
Section 15. Unless otherwise determined by the Administrator, this Section 7(j) shall not apply to an Option if the Participant’s
employment or service has terminated on or before the Automatic Exercise Date. For the avoidance of doubt, no Option with an Exercise
Price per Share that is equal to or greater the Fair Market Value per Share on the Automatic Exercise Date shall be exercised
pursuant to this Section 7(j).

 

Section
8. Share Appreciation Rights.

 

(a)
General. Share Appreciation Rights may be granted either alone (“Free Standing Rights”) or in conjunction
with all or part of any Option granted under the Plan (“Related Rights”). Related Rights may be granted either
at or after the time of the grant of such Option. The Administrator shall determine the Eligible Recipients to whom, and the time
or times at which, grants of Share Appreciation Rights shall be made, the number of Shares to be awarded, the price per Share,
and all other conditions of Share Appreciation Rights. Notwithstanding the foregoing, no Related Right may be granted for more
Shares than are subject to the Option to which it relates and any Share Appreciation Right must be granted with an Exercise Price
not less than the Fair Market Value of an Ordinary Share on the date of grant. The provisions of Share Appreciation Rights need
not be the same with respect to each Participant. Share Appreciation Rights granted under the Plan shall be subject to the following
terms and conditions set forth in this Section 8 and shall contain such additional terms and conditions, not inconsistent with
the terms of the Plan, as the Administrator shall deem desirable, as set forth in the applicable Award Agreement.

 

(b)
Awards; Rights as Shareholder. The prospective recipient of a Share Appreciation Right shall not have any rights with respect
to such Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award
Agreement, executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other
period as the Administrator may specify) after the award date. Participants who are granted Share Appreciation Rights shall have
no rights as shareholders of the Company with respect to the grant or exercise of such rights.

 

(c)
Exercisability.

 

(i)
Share Appreciation Rights that are Free Standing Rights shall be exercisable at such time or times and subject to such terms and
conditions as shall be determined by the Administrator in the applicable Award Agreement.

 

(ii)
Share Appreciation Rights that are Related Rights shall be exercisable only at such time or times and to the extent that the Options
to which they relate shall be exercisable in accordance with the provisions of Section 7 above and this Section 8 of the Plan.

 

(d)
Payment Upon Exercise.

 

(i)
Upon the exercise of a Free Standing Right, the Participant shall be entitled to receive up to, but not more than, that number
of Shares, determined using the Fair Market Value, equal in value to the excess of the Fair Market Value as of the date of exercise
over the price per share specified in the Free Standing Right multiplied by the number of Shares in respect of which the Free
Standing Right is being exercised.

 

(ii)
A Related Right may be exercised by a Participant by surrendering the applicable portion of the related Option. Upon such exercise
and surrender, the Participant shall be entitled to receive up to, but not more than, that number of Shares, determined using
the Fair Market Value, equal in value to the excess of the Fair Market Value as of the date of exercise over the Exercise Price
specified in the related Option multiplied by the number of Shares in respect of which the Related Right is being exercised. Options
which have been so surrendered, in whole or in part, shall no longer be exercisable to the extent the Related Rights have been
so exercised.

 

(iii)
Notwithstanding the foregoing, the Administrator may determine to settle the exercise of a Share Appreciation Right in cash (or
in any combination of Shares and cash).

 

(e)
Rights as Shareholder. A Participant shall have no rights to dividends or any other rights of a shareholder with respect
to the Shares subject to a Share Appreciation Right until the Participant has given written notice of the exercise thereof, has
satisfied the requirements of Section 15 of the Plan and the Shares have been issued to the Participant.

 

    	 

     

    

 

(f)
Termination of Employment or Service.

 

(i)
In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has
been granted one or more Free Standing Rights, such rights shall be exercisable at such time or times and subject to such terms
and conditions as shall be determined by the Administrator in the applicable Award Agreement.

 

(ii)
In the event of the termination of employment or service with the Company and all Affiliates thereof of a Participant who has
been granted one or more Related Rights, such rights shall be exercisable at such time or times and subject to such terms and
conditions as set forth in the related Options.

 

(g)
Term.

 

(i)
The term of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be exercisable more
than (i) ten (10) years after the date such Free Standing Right is granted to an Employee or (ii) five (5) years after the date
such Free Standing Right is granted to a non-employee Director or a Consultant.

 

(ii)
The term of each Related Right shall be the term of the Option to which it relates, but no Related Right shall be exercisable
more than (i) ten (10) years after the date such Related Right is granted to an Employee or (ii) five (5) years after the date
such Related Right is granted to a non-employee Director or a Consultant.

 

(h)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Share Appreciation
Rights shall be subject to Section 12 of the Plan.

 

(i)
Automatic Exercise. Unless otherwise provided by the Administrator in an Award Agreement or otherwise, or as otherwise
directed by the Participant in writing to the Company, each vested and exercisable Share Appreciation Right outstanding on the
Automatic Exercise Date with an Exercise Price per Share that is less than the Fair Market Value per Share as of such date shall
automatically and without further action by the Participant or the Company be exercised on the Automatic Exercise Date. The Company
or any Affiliate shall deduct or withhold an amount sufficient to satisfy all taxes associated with such exercise in accordance
with Section 15. Unless otherwise determined by the Administrator, this Section 8(i) shall not apply to a Share Appreciation Right
if the Participant’s employment or service has terminated on or before the Automatic Exercise Date. For the avoidance of
doubt, no Share Appreciation Right with an Exercise Price per Share that is equal to or greater the Fair Market Value per Share
on the Automatic Exercise Date shall be exercised pursuant to this Section 8(i).

 

Section
9. Restricted Shares.

 

(a)
General. Restricted Shares may be issued either alone or in addition to other Awards granted under the Plan. The Administrator
shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Shares shall be made; the
number of Shares to be awarded; the price, if any, to be paid by the Participant for the acquisition of Restricted Shares; the
Restricted Period, if any, applicable to Restricted Shares; the Performance Goals (if any) applicable to Restricted Shares; and
all other conditions of the Restricted Shares. If the restrictions, Performance Goals and/or conditions established by the Administrator
are not attained, a Participant shall forfeit his or her Restricted Shares in accordance with the terms of the grant. The provisions
of the Restricted Shares need not be the same with respect to each Participant.

 

(b)
Awards and Certificates. The prospective recipient of Restricted Shares shall not have any rights with respect to any such
Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement,
executed and delivered a fully executed copy thereof to the Company, along with a share power or share transfer form, endorsed
in blank covering the Shares covered by such Award, within a period of sixty (60) days (or such other period as the Administrator
may specify) after the award date. Except as otherwise provided in Section 9(c) of the Plan, (i) each Participant who is
granted an award of Restricted Shares may, in the Company’s sole discretion, be issued a share certificate in respect of
such Restricted Shares; and (ii) any such certificate so issued shall be registered in the name of the Participant, and
shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to any such Award.

 

    	 

     

    

 

The
Company may require that the share certificates, if any, evidencing Restricted Shares granted hereunder be held in the custody
of the Company until the restrictions thereon shall have lapsed, and that, as a condition of any award of Restricted Shares, the
Participant shall have delivered a share power or share transfer form, endorsed in blank, relating to the Shares covered by such
Award.

 

Notwithstanding
anything in the Plan to the contrary, any Restricted Shares (whether before or after any vesting conditions have been satisfied)
may, in the Company’s sole discretion, be issued in uncertificated form pursuant to the customary arrangements for issuing
shares in such form.

 

(c)
Restrictions and Conditions. The Restricted Shares granted pursuant to this Section 9 shall be subject to the following
restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant
or thereafter:

 

(i)
The Administrator may, in its sole discretion, provide for the lapse of restrictions in instalments and may accelerate or waive
such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its
sole discretion, including, but not limited to, the attainment of certain Performance Goals, the Participant’s termination
of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof, or the Participant’s
death or Disability.

 

(ii)
Except as provided in the Award Agreement, the Participant shall generally have the rights of a shareholder of the Company with
respect to Restricted Shares during the Restricted Period. In the Administrator’s discretion and as provided in the applicable
Award Agreement, a Participant may be entitled to dividends or dividend equivalents on an Award of Restricted Shares, which will
be payable in accordance with the terms of such grant as determined by the Administrator. Certificates for unrestricted Ordinary
Shares may, in the Company’s sole discretion, be delivered to the Participant only after the Restricted Period has expired
without forfeiture in respect of such Restricted Shares, except as the Administrator, in its sole discretion, shall otherwise
determine. The Restricted Shares shall be subject to forfeiture to the extent provided in the applicable Award Agreement and to
the extent such Shares are forfeited, the share certificates shall be returned to the Company, and all rights of the Participant
to such Shares and as a shareholder with respect to such Shares shall terminate without further obligation on the part of the
Company.

 

(iii)
The rights of Participants granted Restricted Shares upon termination of employment or service as a non-employee Director or Consultant
of the Company or an Affiliate thereof terminates for any reason during the Restricted Period shall be set forth in the Award
Agreement.

 

(d)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Restricted
Shares shall be subject to Section 12 of the Plan.

 

Section
10. Restricted Share Units.

 

(a)
General. Restricted Share Units may be issued either alone or in addition to other Awards granted under the Plan. The Administrator
shall determine the Eligible Recipients to whom, and the time or times at which, grants of Restricted Share Units shall be made;
the number of Restricted Share Units to be awarded; the Restricted Period, if any, applicable to Restricted Share Units; the Performance
Goals (if any) applicable to Restricted Share Units; and all other conditions of the Restricted Share Units. If the restrictions,
Performance Goals and/or conditions established by the Administrator are not attained, a Participant shall forfeit his or her
Restricted Share Units in accordance with the terms of the grant. The provisions of Restricted Share Units need not be the same
with respect to each Participant.

 

(b)
Award Agreement. The prospective recipient of Restricted Share Units shall not have any rights with respect to any such
Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement,
executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period
as the Administrator may specify) after the award date. No Ordinary Shares shall be issued at the time a Restricted Share Unit
is granted, and the Company will not be required to set aside a fund for the payment of any such Award.

 

(c)
Restrictions and Conditions. The Restricted Share Units granted pursuant to this Section 10 shall be subject to the following
restrictions and conditions and any additional restrictions or conditions as determined by the Administrator at the time of grant
or thereafter:

 

    	 

     

    

 

(i)
The Administrator may, in its sole discretion, provide for the lapse of restrictions in installments and may accelerate or waive
such restrictions in whole or in part based on such factors and such circumstances as the Administrator may determine, in its
sole discretion, including, but not limited to, the attainment of certain Performance Goals, the Participant’s termination
of employment or service as a non-employee Director or Consultant of the Company or an Affiliate thereof, or the Participant’s
death or Disability.

 

(ii)
Participants holding Restricted Share Units shall have no voting rights. A Restricted Share Unit may, at the Administrator’s
discretion, carry with it a right to dividend equivalents. Such right would entitle the holder to be credited with an amount equal
to all cash dividends paid on one Share while the Restricted Share Unit is outstanding. The Administrator, in its discretion,
may grant dividend equivalents from the date of grant or only after a Restricted Share Unit is vested.

 

(iii)
The rights of Participants granted Restricted Share Units upon termination of employment or service as a non-employee Director
or Consultant of the Company or an Affiliate thereof terminates for any reason during the Restricted Period shall be set forth
in the Award Agreement.

 

(d)
Settlement of Restricted Share Units. Settlement of vested Restricted Share Units shall be made to Participants in the
form of Shares, unless the Administrator, in its sole discretion, provides for the payment of the Restricted Share Units in cash
(or partly in cash and partly in Shares) equal to the Fair Market Value of the Shares that would otherwise be distributed to the
Participant.

 

(e)
Rights as Shareholder. Except as provided in the Award Agreement in accordance with Section 10(c)(ii), a Participant
shall have no rights to dividends or any other rights of a shareholder with respect to the Shares subject to Restricted Share
Units until the Participant has satisfied all conditions of the Award Agreement and the requirements of Section 15 of the Plan
and the Shares have been issued to the Participant.

 

(f)
Change in Control. Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Restricted
Share Units shall be subject to Section 12 of the Plan.

 

Section
11. Other Share-Based or Cash-Based Awards.

 

(a)
The Administrator is authorized to grant Awards to Participants in the form of Other Share-Based Awards or Other Cash-Based Awards,
as deemed by the Administrator to be consistent with the purposes of the Plan and as evidenced by an Award Agreement. The Administrator
shall determine the terms and conditions of such Awards, consistent with the terms of the Plan, at the date of grant or thereafter,
including any Performance Goals and performance periods. Ordinary Shares or other securities or property delivered pursuant to
an Award in the nature of a purchase right granted under this Section 11 shall be purchased for such consideration, paid for at
such times, by such methods, and in such forms, including, without limitation, Shares, other Awards, notes or other property,
as the Administrator shall determine, subject to any required corporate action.

 

(b)
The prospective recipient of an Other Share-Based Award or Other Cash-Based Award shall not have any rights with respect to such
Award, unless and until such recipient has received an Award Agreement and, if required by the Administrator in the Award Agreement,
executed and delivered a fully executed copy thereof to the Company, within a period of sixty (60) days (or such other period
as the Administrator may specify) after the award date.

 

(c)
Notwithstanding anything herein to the contrary, upon a Change in Control, all outstanding Other Share-Based Awards and Other
Cash-Based Awards shall be subject to Section 12 of the Plan.

 

    	 

     

    

 

Section
12. Change in Control.

 

The
Administrator may provide in the applicable Award Agreement that an Award will vest on an accelerated basis upon the Participant’s
termination of employment or service by the Company Group without Cause within the twenty-four (24) month period following a Change
in Control or upon the occurrence of any other event that the Administrator may set forth in the Award Agreement. If the Company
is a party to an agreement that is reasonably likely to result in a Change in Control, such agreement may provide for: (i)
the continuation of any Award by the Company, if the Company is the surviving corporation; (ii) the assumption of any Award
by the surviving corporation or its parent or subsidiary; (iii) the substitution by the surviving corporation or its parent
or subsidiary of equivalent awards for any Award; or (iv) settlement of any Award for the Change in Control Price (less,
to the extent applicable, the per share exercise or grant price), or, if the per share exercise or grant price equals or exceeds
the Change in Control Price or if the Administrator determines that the Award cannot reasonably become vested pursuant to its
terms, such Award shall terminate and be canceled without consideration. Such settlement or termination shall take place as of
the date of the Change in Control transaction or such other date as the Administrator may specify. To the extent that Restricted
Shares, Restricted Share Units or other Awards settle in Shares in accordance with their terms upon a Change in Control, such
Shares shall be entitled to receive as a result of the Change in Control transaction the same consideration as the Shares held
by shareholders of the Company as a result of the Change in Control transaction. For purposes of this Section 12, “Change
in Control Price” shall mean (A) the price per Ordinary Share paid to shareholders of the Company in the Change in Control
transaction, or (B) the Fair Market Value of a Share upon a Change in Control, as determined by the Administrator. To the extent
that the consideration paid in any such Change in Control transaction consists all or in part of securities or other non-cash
consideration, the value of such securities or other non-cash consideration shall be determined in good faith by the Administrator.

 

Section
13. Amendment and Termination.

 

(a)
The Board or the Committee may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made
that would impair the rights of a Participant under any Award theretofore granted without such Participant’s consent. For
the avoidance of doubt, to the extent required by the applicable rules of Nasdaq or any other securities exchange on which the
Shares may be listed, no such amendment shall be effective without shareholder approval.

 

(b)
Notwithstanding the foregoing, approval of the Company’s shareholders shall be obtained to increase the aggregate Share
limit and annual Award limits described in Section 4.

 

(c)
Subject to the terms and conditions of the Plan, the Administrator may modify, extend or renew outstanding Awards under the Plan,
or accept the surrender of outstanding Awards (to the extent not already exercised) and grant new Awards in substitution of them
(to the extent not already exercised).

 

(d)
Notwithstanding the foregoing, no alteration, modification or termination of an Award will, without the prior written consent
of the Participant, adversely alter or impair any rights or obligations under any Award already granted under the Plan.

 

Section
14. Unfunded Status of Plan.

 

The
Plan is intended to constitute an “unfunded” plan for incentive compensation. Neither the Company, the Board nor the
Administrator shall be required to establish any special or separate fund or to segregate any assets to assure the performance
of its obligations under the Plan. With respect to any payments not yet made or Shares not yet transferred or issued to a Participant
by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor
of the Company.

 

Section
15. Withholding Taxes.

 

Each
Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such
Participant for income tax purposes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment
of, any taxes of any kind, domestic or foreign, required by law or regulation to be withheld with respect to the Award. The obligations
of the Company under the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the
extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Participant.
Whenever cash is to be paid pursuant to an Award granted hereunder, the Company shall have the right to deduct therefrom an amount
sufficient to satisfy any withholding tax requirements related thereto. Whenever Shares are to be delivered pursuant to an Award,
the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any
related taxes, domestic or foreign, to be withheld and applied to the tax obligations. With the approval of the Administrator,
a Participant may satisfy the foregoing requirement by electing to have the Company withhold from delivery of Shares or by delivering
already owned unrestricted Ordinary Shares, in each case, having a value equal to the amount required to be withheld or such other
greater amount up to the maximum statutory rate under applicable law, as applicable to such Participant, if such other greater
amount would not result in adverse financial accounting treatment, as determined by the Administrator. Such Shares shall be valued
at their Fair Market Value on the date of which the amount of tax to be withheld is determined. Such an election may be made with
respect to all or any portion of the Shares to be delivered pursuant to an Award. The Company may also use any other method of
obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect to any Option
or other Award.

 

    	 

     

    

 

Section
16. Transfer of Awards.

 

No
purported sale, assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or
other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to
do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan
or an Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted
or withheld in the sole discretion of the Administrator (provided that such transfer shall comply with applicable law, including
without limitation, the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the laws of Hong Kong). Any
purported Transfer of an Award or any economic benefit or interest therein in violation of the Plan or an Award Agreement shall
be null and void ab initio, and shall not create any obligation or liability of the Company, and any person purportedly
acquiring any Award or any economic benefit or interest therein transferred in violation of the Plan or an Award Agreement shall
not be entitled to be recognized as a holder of such Shares. Unless otherwise determined by the Administrator in accordance with
the provisions of the immediately preceding sentence, an Option may be exercised, during the lifetime of the Participant, only
by the Participant or, during any period during which the Participant is under a legal disability, by the Participant’s
guardian or legal representative.

 

Section
17. Continued Employment.

 

The
adoption of the Plan shall not confer upon any Eligible Recipient any right to continued employment or service with the Company
or an Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or an Affiliate thereof
to terminate the employment or service of any of its Eligible Recipients at any time.

 

Section
18. Effective Date and Approval Date.

 

The
Plan will be effective as of the date on which the Plan is approved by the Board (the “Effective Date”). The
Plan will be unlimited in duration and, in the event of Plan termination, will remain in effect as long as any Shares awarded
under it are outstanding and not fully vested; provided, however, that no Awards will be made under the Plan on or after
the tenth anniversary or fifth anniversary of the Effective Date, as applicable in accordance with applicable law.

 

Section
19. Compensation Recovery Policy.

 

The
Plan and all Awards issued hereunder shall be subject to any compensation recovery and/or recoupment policy adopted by the Company
to comply with applicable law, including, without limitation, the United States Dodd-Frank Wall Street Reform and Consumer Protection
Act, or to comport with good corporate governance practices, as such policies may be amended from time to time.

 

Section
20. Governing Law.

 

The
Plan shall be governed by and construed in accordance with the laws of the Republic of Singapore, without giving effect to principles
of conflicts of law of the Republic of Singapore.

 

Section
21. Plan Document Controls.

 

The
Plan and each Award Agreement constitute the entire agreement with respect to the subject matter hereof and thereof; provided
that in the event of any inconsistency between the Plan and such Award Agreement, the terms and conditions of the Plan shall
control.

 

Section
22. No Fractional Shares.

 

No
fractional Ordinary Shares shall be issued or delivered pursuant to the Plan. The Administrator shall determine whether cash,
additional Awards or other securities or property shall be issued or paid in lieu of fractional Ordinary Shares or whether any
fractional shares should be rounded, forfeited or otherwise eliminated.

 

    	 

     

    

 

Section
23. Securities Law Compliance.

 

Each
Award Agreement shall provide that no Ordinary Shares shall be purchased or sold thereunder unless and until (a) any then applicable
laws have been fully complied with to the satisfaction of the Company and its counsel; and (b) if required to do so by the Company,
the Participant has executed and delivered to the Company a letter of investment intent in such form and containing such provisions
as the Committee may require. The Company shall use reasonable efforts to seek to obtain from each regulatory commission or agency
having jurisdiction over the Plan such authority as may be required to grant Awards and to issue and sell Ordinary Shares upon
exercise of the Awards, provided that this undertaking shall not require the Company to register the Ordinary Shares, the Plan
or any Award under the United States Securities Act of 1933 (as amended) with the United States Securities and Exchange Commission
or with any state securities commission or stock/share exchange or under any other applicable laws, including without limitation,
the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the laws of Hong Kong). If, after reasonable
efforts, the Company is unable to obtain from any such regulatory commission or agency the authority which counsel for the Company
deems necessary for the lawful issuance and sale of Ordinary Shares under the Plan, the Company shall be relieved from any liability
for failure to issue and sell Ordinary Shares upon exercise of such Awards unless and until such authority is obtained.

 

Section
24. Severability.

 

If
any of the provisions of the Plan or any Award Agreement is held to be invalid, illegal or unenforceable, whether in whole or
in part, such provision shall be deemed modified to the extent, but only to the extent, of such invalidity, illegality or unenforceability
and the remaining provisions shall not be affected thereby.

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