Document:

Exhibit 10.4

 

Specific
terms in this exhibit have been redacted because confidential treatment for those terms has been requested. The redacted material
has been separately filed with the Securities and Exchange Commission, and the terms have been marked at the appropriate place
with three asterisks [***].

 

AMENDMENT
AND RESTATEMENT AGREEMENT

 

This
amendment and restatement agreement (“Amendment Agreement”),
effective as of 31 December 2017, is made by and between Opera Software AS, a company incorporated under the laws of Norway whose
registered office is at Gjerdrums vei 19, 0484, Oslo, Norway (“Opera”), and
Google Ireland Limited, a company incorporated under the laws of Ireland whose principal place of business is at Gordon House,
Barrow Street, Dublin 4 (“Google”).

 

INTRODUCTION

 

(A)       Google
and Opera are parties to a Google Distribution Agreement, with an effective date of 1 August 2012 (as amended and novated to date,
the “Agreement”). 

 

(B)       The
parties now wish to amend and restate the Agreement in the manner set out in this Amendment Agreement.

 

AGREED
TERMS

 

1.       Definitions
and interpretation

 

1.1       Capitalised
terms used but not defined in this Amendment Agreement shall have the same meaning as in the Agreement.

 

1.2       Unless
the context otherwise requires, references in the Agreement to "this Agreement" shall be to the Agreement as amended
and restated by this Amendment Agreement.

 

2.       Amendment
and restatement

 

With
effect on and from the 1 January 2018 (the “2018 Renewal Date”),
the Agreement shall be amended and restated in the form set out in the Appendix to this Amendment Agreement such that, on and from
that date, the rights and obligations of the parties shall be governed by and construed in accordance with the provisions of the
Appendix to this Amendment Agreement.

 

3.       Continuation

 

The
Agreement shall remain in full force and effect unchanged except as modified by this Amendment Agreement.

 

4.       Governing
Law and Jurisdiction

 

This
Amendment Agreement is governed by English law and the parties submit to the exclusive jurisdiction of the English courts in relation
to any dispute (contractual or non-contractual) concerning this Amendment Agreement.

 

    	 	 	1

     

    

 

Signed
by the parties on the dates stated below

 

	OPERA	GOOGLE 
	
        By: /s/ Joakim Kasbohm

         

         

         
	
        By: /s/ Fionnuala Meehan

         

         

         

	
        Name: Joakim Kasbohm

         

         

         
	
        Name: Fionnuala Meehan

         

         

         

	
        Title: VP Finance

         

         

         
	
        Title: Board Director

         

         

         

	
        Date: December 21, 2017

         

         

         
	
        Date: December 22, 2017

         

         

         

 

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APPENDIX

 

GOOGLE DISTRIBUTION
AGREEMENT

 

This Distribution Agreement including all schedules and exhibits
(collectively referred to as the “Agreement”), effective as of 1 August 2012 (the “Effective Date”),
is made by and between Opera Software AS, a company incorporated under the laws of Norway whose registered office is at
Gjerdrums vei 19, 0484, Oslo, Norway (“Opera”), and Google Ireland Limited, a company incorporated under
the laws of Ireland whose principal place of business is at Gordon House, Barrow Street, Dublin 4 (“Google”).

 

		1.	Definitions

 

		1.1	“2015 Renewal Date” means 1 May 2015.

 

1.1A       “2018
Renewal Date” means 1 January 2018.

 

		1.1	Not used. 

 

		1.2	“Ad” means an individual advertisement provided by Google in response to a query entered into a Search Access
Point.

 

		1.3	[***]

 

		1.4	“Ad Revenues” means for any period during the Term, revenues that are recognised by Google from clicks on
Ads on Search Results Pages in that period.

 

		1.5	“Amendment Effective Date” means 1 June 2013.

 

		1.6	Not used. 

 

		1.7	Not used. 

 

		1.8	Not used. 

 

		1.9	Not used. 

 

		1.10	“Brand Features” means trade names, trademarks, logos and other distinctive brand features of the relevant
entity.

 

		1.11	“Client ID” means a unique alpha numeric code provided by Google to Opera to be used by Opera to identify
Payable Desktop Queries, Payable Smartphone Queries and/or Payable Feature Phone Queries made under Schedule One. Client IDs may
be modified by Google from time to time in its sole discretion upon not less than fourteen (14) days’ written notice to Opera.

 

		1.12	Not used. 

 

		1.13	“Confidential Information” means information disclosed by (or on behalf of) one party to the other party
under or in connection with this Agreement that is marked as confidential or, from its nature, content or the circumstances in
which it is disclosed, might reasonably be supposed to be confidential ([***]). It does not include information that the recipient
already knew, that becomes public through no fault of the recipient, that was independently developed by the recipient or that
was lawfully given to the recipient by a third party.

 

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		1.14	“Contract Year” means one year commencing on the Effective Date and then on each anniversary of that date.

 

		1.15	“Default Search Provider” means that the Google Search Service will be pre-set and automatically used as
the internet search service when an End User conducts a search from the applicable Search Access Point unless the End User actively
selects another internet search service.

 

		1.16	[***]

 

		1.17	“Destination Page” means any web page which may be accessed by clicking on any portion of an Ad or Search
Result served by Google under this Agreement.

 

		1.18	“Device” means a Feature Phone or a Smartphone.

 

		1.19	Not used. 

 

		1.20	Not used. 

 

		1.21	Not used. 

 

		1.22	Not used. 

 

		1.23	“End User” means an individual human end user of the applicable browser, using the browser by non-automated
means.

 

		1.24	Not used.

 

		1.25	[***]

 

		1.26	[***]

 

		1.27	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		(c)	[***]

 

		1.28	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		(c)	[***]

 

		1.29	[***]

 

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		1.30	Not used. 

 

		1.31	“Existing Install Base” means any Opera Desktop Browser, Opera Mini Browser or Opera Mobile Browser which
was distributed by Opera or any Third Party Distributor in the Territory before the Effective Date which, had it been distributed
during the Term, would be an Included Opera Browser.

 

		1.32	“Feature Phone” means any mobile wireless device that is not a Smartphone.

 

		1.33	Not used. 

 

		1.34	Not used. 

 

		1.35	“g” means the Google Product known as at the Effective Date as ‘Google+’ and all successors,
updates and/or replacements of such product from time to time.

 

		1.36	Not used. 

 

		1.37	“Google Account” means the unified sign-in system in the form of an account created by an End User that
provides access to a variety of Google Products.

 

		1.38	“Google Brand Features” means the Brand Features of Google or any Google Group Company.

 

		1.39	“Google Branding Guidelines” means the applicable
                                         Google branding guidelines located at http://www.google.com/permissions/guidelines.html
                                         and the Google mobile branding guidelines located at http://www.google.com/wssynd/mobile_guidelines.html
                                         (or such different URLs as Google may provide to Opera from time to time), together
                                         with such additional brand treatment guidelines as Google may make available to Opera
                                         from time to time.

 

1.40A “Google Extension”
has the meaning given in clause 9.1 of this Agreement.

 

		1.40	“Google Opera Browser” means each:

 

		(a)	Included Opera Desktop Browser; Included Opera Mini Browser; and Included Opera Mobile Browser, which has Google set as the
Default Search Provider for all Search Access Points in accordance with clause 2 of Schedule One.

 

		(b)	Not used.

 

		1.41	Not used. 

 

		1.42	“Google Product” means any products, services and/ or technology (including any API) provided or being developed
by or on behalf of Google and/ or any Google Group Company from time to time (including but not limited to the Google Search Service).

 

		1.43	“Google Search Service” means the algorithmic web search and search-based advertising service made generally
available by Google at www.google.com and its international and mobile equivalents.

 

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		1.44	“Google Technical Protocols” means the Google technical protocols and other technical requirements and specifications
applicable to the Google Search Service as notified by Google to Opera from time to time.

 

		1.45	“Group Company” means in relation to each of the parties: (a) any parent company of that party; and (b)
any corporate body of which that party directly or indirectly has control or which is directly or indirectly controlled by the
same person or group of persons as that party.

 

		1.46	Not used. 

 

		1.47	[***]

 

		1.48	[***]

 

		1.49	[***]

 

		1.50	[***]

 

		1.51A	“Initial Term” means the period beginning on the Effective Date and ending on 31 December 2020.

 

		1.51	“Intellectual Property Rights” means all copyright, moral rights, patent rights, trade marks, design right,
rights in or relating to databases, rights in or relating to confidential information, rights in relation to domain names, and
any other intellectual property rights (registered or unregistered) throughout the world.

 

		1.52	Not used. 

 

		1.53	“Material Change” means a change to the user interface of a browser which could reasonably be expected to
affect usage of the Google Search Services in a Search Access Point, including (but not limited to): any changes to the format,
size or placement of any Search Access Point; any change in the usage of Google Brand Features or other attribution or similar
wording; or any change to the list of options which is displayed after an End User has typed a query into a Search Access Point.

 

		1.54	Not used. 

 

		1.55	“Mobile Fixed Fee Period” means the period from the Effective Date until the date which is 18 (eighteen)
months after the Effective Date.

 

		1.56	“Mobile Next Searches” means any of the following End User actions occurring within the same user session
(as determined by Google) following any Valid Search Query submitted into any Payable Mobile Search Access Point: (i) the End User
selects the “next” link at the bottom of a Search Results Page in order to display a subsequent Search Results Page;
(ii) the End User selects a numerically identified results page in order to display a subsequent Search Results Page; or (iii)
End User enters and submits a new query into the Google search box appearing on a Search Results Page, in each case provided that
a Valid Search Query is generated.

 

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		1.57	“Mobile Operator” means any mobile network operator with whom Opera has a written agreement in place (which
is in effect at any time during the Term) pursuant to which Opera customises certain elements of the Opera Mini Browser and/or
Opera Mobile Browser. (For the avoidance of doubt, a Mobile Operator may be a Third Party Distributor).

 

		1.58	“Navigational Error Page” means a page displayed by Opera as a result of an end user entering a URL into
the address field which does not get a server response and triggers a domain name resolution failure, as shown in Exhibit A (part
g).

 

		1.59	“Net Ad Revenue” means for any period during the Term, Ad Revenues for that period minus the Ad Deduction
for that period.

 

		1.60	”New Tab Page” means any new tab page of the type shown in Exhibit A (part f).

 

		1.61	“Next Searches” means any of the following End User actions occurring within the same user session (as determined
by Google) following any Valid Search Query submitted into any Payable Desktop Search Access Point: (i) the End User selects the
“next” link at the bottom of a Search Results Page in order to display a subsequent Search Results Page; (ii) the End
User selects a numerically identified results page in order to display a subsequent Search Results Page; or (iii) End User enters
and submits a new query into the Google search box appearing on a Search Results Page, in each case provided that a Valid Search
Query is generated.

 

		1.62	Not used. 

 

		1.63	“Opera Desktop Browser” means any browser released by Opera (alone or in conjunction with one or more third
parties) which is Opera branded, Opera co-branded or third party branded and which is a browser for desktop computers (including
laptop computers and equivalent machines) or televisions, including but not limited to: (i) the browser known as at the Effective
Date as ‘Opera Desktop’ (as such browser may be re-branded, updated or succeeded from time to time); (ii) any version
of ‘Opera Desktop’ or any other desktop browser which has been customised as a result or an arrangement or agreement
between Opera and a Third Party Distributor; and (iii) the ‘Opera TV’ browser (as such browser may be re-branded, updated
or succeeded from time to time), until Opera notifies Google in writing that it wishes to remove the same from the scope of the
Agreement.

 

		1.64	“Opera Mini Browser” means Opera’s web browser known as at the Effective Date as ‘Opera Mini’
(as such browser may be re-branded, updated or succeeded from time to time), where the full version of Opera’s web browser
is on the server side and a thin client in Java, Brew or similar programming language is located in an End User’s Device,
including but not limited to any version of ‘Opera Mini’ which has been customised as a result of an arrangement or
agreement between Opera and a Mobile Operator.

 

		1.65	“Opera Mobile Browser” means any browser released by Opera (alone or in conjunction with one or more third
parties) which is Opera branded, Opera co-branded or third party branded and which is a browser for Devices or any other wireless
mobile device, excluding any Opera Mini Browser and including but not limited to: (i) the browser known as at the Effective Date
as ‘Opera Mobile’ (as such browser may be re-branded, updated or succeeded from time to time); (ii) the browser known
as ‘Opera Coast’ (as such browser may be re-branded, updated or succeeded from time to time); and (iii) any version
of ‘Opera Mobile’ or ‘Opera Coast’ which has been customised as a result of an arrangement or agreement
between Opera and a Mobile Operator.

 

    	 	 	7

     

    

 

		1.66	“Payable Desktop Query” means: (a) a Search Query submitted into any Payable Desktop Search Access Point
which has been implemented in accordance with this Agreement and which is a Valid Search Query; and (b) Next Searches.

 

		1.67	“Payable Desktop Search Access Point” means the Search Access Points listed in Exhibit A on any Included
Opera Desktop Browser or any Opera Desktop browser which forms part of the Existing Install Base, other than any Excluded Search
Access Point.

 

		1.68	“Payable Mobile Query” means a Search Query submitted into any Payable Mobile Search Access Point which
has been implemented in accordance with this Agreement and which is a Valid Search Query and Mobile Next Searches.

 

		1.69	“Payable Smartphone Query” means a Payable Mobile Query made on a Smartphone.

 

		1.70	“Payable Feature Phone Query” means a Payable Mobile Query made on a Feature Phone.

 

		1.71	“Payable Mobile Search Access Point” means the Search Access Points listed in Exhibit B (part a through
to part d) on: any Included Opera Mobile Browser; or any Included Opera Mini Browser or any Opera Mobile Browser or Opera Mini
Browser which forms part of the Existing Install Base.

 

		1.72	“Payable Search Access Point” means the Payable Desktop Search Access Points and the Payable Mobile Search
Access Points.

 

		1.73	“Quarter” means each consecutive 3 (three) month period during the Term, commencing on and from the Effective
Date.

 

		1.74	“Relevant Fees” has the meaning given in clause 7.4 of this Agreement.

 

		1.75	“Result” means Search Results or Ads.

 

		1.75A	[***]

 

		1.76	“Scraping” means the use of any automated means (for example scraping or robots) to access, query or otherwise
to generate traffic in order to collect information from or relating to the Google Search Service or any other Google Product or
from any website owned or operated by Google.

 

		1.77	[***]

 

		(a)	[***]

 

    	 	 	8

     

    

 

		(i)	[***]

 

		(ii)	[***]

 

		(b)	[***]

 

		(i)	[***]

 

		(ii)	[***]

 

		(iii)	[***]

 

		(c)	[***]

 

		1.78	“Search Result” means any search result provided by Google in response to a query submitted by an End User
into a Search Access Point.

 

		1.79	“Search Results Page” means the Google hosted web page on Google.com or the country equivalent (e.g. Google.ru)
containing Search Results and/or Ads that is made available in response to a Search Query.

 

		1.80	“Search Query” means a text query submitted by an End User into a Search Access Point for the purpose of
receiving Search Results.

 

		1.81	Not used. 

 

		1.82	“Smartphone” means any mobile wireless device running the Android or iOS operating system, including tablets.

 

		1.83	Not used. 

 

		1.84	“Term” means the Initial Term and any Google Extension.

 

		1.85	[***]

 

		1.86	“Third Party Distributor” means any individual or entity that directly or indirectly distributes and/or
promotes any Opera Desktop Browser, Opera Mini Browser or Opera Mobile Browser.

 

		1.87	“Updates” means updates, refreshes, corrections and modifications.

 

		1.88	“User Personal Data” means any personal data (as defined in Regulation (EU) 2016/679 of the European Parliament
and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on
the free movement of such data, as updated, amended and replaced from time to time) relating to an End User.

 

		1.89	Not used. 

 

		1.90	Not used. 

 

    	 	 	9

     

    

 

		1.91	“Valid Search Query” means a Search Query or Next Search or Mobile Next Search (as applicable) received
by Google which: (i) conforms to the applicable Google Technical Protocols; (ii) is not generated by any automated, deceptive,
fraudulent or other invalid means (including robots, macro programs, and internet agents) as reasonably determined by Google; and
(iii) contains the applicable Client ID.

 

		2.	Google as Default Search Provider

 

		2.1	Schedule One (Search Distribution) of this Agreement shall apply.

 

		3.	Not used.

 

		4.	Payment

 

		4.1	Schedule One Payments. Google shall pay Opera any payments due pursuant to clause 6.1 of Schedule One on a calendar
monthly basis, within forty five (45) days following the last day of the calendar month for which the payments are applicable.

 

		4.2	Not used. 

 

		4.3	Notwithstanding any other provision of this Agreement, Google reserves the right to suspend any payments to Opera for one (1)
month if Google reasonably suspects, in its sole discretion, artificially high performance or invalid generation of Payable Desktop
Queries and/or Payable Mobile Queries. At the expiry of such one (1) month period Google will by the end of the next calendar month
either (i) pay the amount accrued up until the last calendar month concluded under this Agreement, or (ii) terminate this Agreement
if permitted pursuant to clause 9 below.

 

		4.4	If, at any point during the Term, any taxes (other than taxes based on Google's net income) are, or become, payable in relation
to the distribution of the Google Products pursuant to this Agreement, Opera will be responsible for paying such taxes. All payments
to Opera from Google under this Agreement will be treated as exclusive of VAT (if applicable). If Google is obliged to withhold
any taxes from such payments to Opera, Google will notify Opera of this and will make such payments net of the withheld amounts.
Google will provide Opera with original or certified copies of tax payments (or other sufficient evidence of tax payments) if any
of these payments are made by Google.

 

		4.5	All payments due to Google or to Opera will be in United States Dollars and made by electronic transfer to the account notified
to the paying party by the other party for that purpose. In all cases, the party receiving payment will be responsible for any
bank charges assessed by the recipient's bank.

 

		4.6	The party to whom any payment is owed may charge interest at the rate of 2% per annum above the base rate of Barclays Bank
PLC from time to time, from the due date until the date of actual payment, whether before or after judgment, on any fee which is
overdue pursuant to this Agreement.

 

		4.7	In addition to other rights and remedies Google may have, Google may offset any payment obligations to Opera that Google may
incur under this Agreement against any product or service fees owed to Google and not yet paid by Opera under any other agreement
between Opera and Google.

 

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		4.8	If Google overpays Opera for any reason, Google will, unless it has notified Opera otherwise, set off the overpaid amounts
against Google’s payment obligations to Opera under this Agreement to which the overpaid amounts related, or require Opera
to pay to Google within thirty (30) days of an invoice, any such overpaid amounts.

 

		4.9	Opera may not charge any fees to End Users or Third Party Distributors in connection with the Google Products or any other
Google applications or services made available under this Agreement. In the event that at any time during the Term, Opera becomes
aware that any of its Third Party Distributors are charging any fees (except for data roaming fees and similar data charges) to
End Users in connection with the Google Products or any Google applications or services made available under this Agreement, Opera
shall: (a) immediately notify Google by email; and (b) if so requested by Google, work with Google to stop such actions and to
prevent any further use of or access to the Google Products or other Google application or service through the applicable Included
Opera Desktop Browser, Included Opera Mini Browser, Included Opera Mobile Browser or browser forming part of the Existing Install
Base by such Third Party Distributor or further distribution by such Third Party Distributor of any versions of such Included Opera
Desktop Browser, Included Opera Mini Browser or Included Opera Mobile Browser.

 

		5.	Warranties

 

		5.1	Google and Opera each warrant to the other that it shall use reasonable care and skill in complying with its obligations under
this Agreement.

 

		5.2	No conditions, warranties or other terms apply to the Google Products or to any other goods or services supplied by Google
or Opera under this Agreement unless expressly set out in this Agreement. Subject to clause 7.1(b) no implied conditions, warranties
or other terms apply (including any implied terms as to satisfactory quality, fitness for purpose or conformance with description).

 

		6.	Indemnity

 

		6.1	Subject to clause 6.2, Opera shall indemnify Google against all
                                         damages, liabilities costs and expenses (including settlement costs and reasonable legal
                                         fees) suffered by Google and/or any Google Group Company arising from any of the following
                                         (each a “Claim”): (i) Opera’s improper or unauthorised replication,
                                         packaging, marketing, distribution, implementation or installation of any Google Product
                                         or the Default Search Provider placement, including without limitation claims based on
                                         representations, warranties, or misrepresentations made by Opera; (ii) any claim that
                                         the Included Opera Desktop Browser, Included Opera Mini Browser, Included Opera Mobile
                                         Browser, the Existing Install Base and/or Opera Brand Features infringe(s) any Intellectual
                                         Property Rights of a third party (an “IP Claim”); and (iii) any End
                                         User claim arising out of or resulting from such End User’s use of the Included
                                         Opera Desktop Browser, Included Opera Mini Browser, Included Opera Mobile Browser or
                                         the Existing Install Base (save to the extent any such claim arises due to any Google
                                         Product), including without limitation any actions or claims in product liability, tort,
                                         contract or equity.

 

		6.2	Google shall: (a) notify Opera of the Claim promptly after becoming aware of it; (b) provide Opera with reasonable information,
assistance and cooperation in responding to and, where applicable, defending such Claim; and (c) give Opera full control and sole
authority over the defence and settlement of such Claim. Google may appoint its own supervising counsel of its choice at its own
expense.

 

		7.	Limitation of Liability

 

		7.1	Nothing in this Agreement shall exclude or limit either party’s liability for:

 

		(a)	death or personal injury resulting from the negligence of either party or their servants, agents or employees;

 

		(b)	fraud or fraudulent misrepresentation;

 

    	 	 	11

     

    

 

		(c)	misuse of Confidential Information; and/or

 

		(d)	payment of sums properly due and owing to the other in the course of normal performance of this Agreement.

 

		7.2	Subject to clause 7.1, neither party shall be liable under or in connection with this Agreement (whether in contract, tort
(including negligence) or otherwise) for any:

 

		(a)	loss of anticipated savings;

 

		(b)	loss of business opportunity;

 

		(c)	loss of or corruption of data; or

 

		(d)	indirect or consequential losses;¶

 

suffered or incurred by the
other party, (whether or not such losses were within the contemplation of the parties at the date of this Agreement).

 

		7.3	Subject to clause 7.1, Google will not have any obligations or liability under or in connection with this Agreement (whether
in contract, tort or otherwise) in relation to any:

 

		(a)	content, information or data provided toGoogle by Opera, End Users or any other third parties; or

 

		(b)	Results or any third party web sites or content to which such Results may link.

 

		7.4	Subject to clauses 7.1, 7.2 and 7.3, each party’s total aggregate liability under or in connection with this Agreement
(whether in contract, tort or otherwise) is limited to the greater of:

 

		(a)	250% of the Relevant Fees; and

 

		(b)	US$5 million (five million United States Dollars).

 

The “Relevant Fees”
means X/Y x Z. Where:

 

X = the fees paid and payable pursuant to Schedule One to Opera in the relevant Contract Year prior
to the Applicable Time;

 

Y = the number of days elapsed in the relevant Contract Year prior to the Applicable Time; and

 

Z= 365

 

The “Applicable Time” means the time the relevant liability is to be assessed.

 

		7.5	Subject to clause 7.1, Opera’s total aggregate liability to Google under clause 6.1(ii) (IP Indemnity) in connection
with an IP Claim is limited to US$10 million. For the avoidance of doubt, any liability incurred by Opera under clause 6.1(ii)
(IP Indemnity) shall not be applied against the liability cap specified in clause 7.4.

 

		8.	Confidentiality and Publicity

 

		8.1	The recipient of any Confidential Information shall not disclose that Confidential Information, except to Group Companies,
employees, agents and/or professional advisors who need to know it and who have agreed in writing (or in the case of professional
advisors are otherwise bound) to keep it confidential. The recipient shall ensure that those people and entities: (a) use such
Confidential Information only to exercise rights and fulfil obligations under this Agreement; and (b) keep such Confidential Information
confidential. The recipient may also disclose Confidential Information when required by law after giving reasonable notice to the
discloser, such notice to be sufficient to give the discloser the opportunity to seek confidential treatment, a protective order
or similar remedies or relief prior to disclosure.

 

		8.2	Neither party may issue any press release regarding or in connection with this Agreement without the other party’s prior
written approval. Google agrees that Opera may issue public announcements when required by law, including announcements to the
Oslo stock exchange, without having to obtain Google’s prior consent, provided always that Opera provides Google with prior
notice of any announcement required by law unless it is not possible for Opera to provide advance notice in the circumstances in
which case Opera shall provide notice as soon as the announcement has occurred (notice by email being acceptable). [***]

 

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		8.3	[***]

 

		9.	Term and Termination

 

		9.1	Unless terminated earlier in accordance with its terms, this Agreement will begin on the Effective Date and continue for the
Term. Google may extend the Initial Term by a one off 12 month period (the “Google Extension”) by providing
at least 30 (thirty) days written notice before the end of the Initial Term.

 

		9.2	Either Google or Opera may suspend performance and/or terminate this Agreement with immediate effect, if the other party: (a)
is in material breach of this Agreement where the breach is incapable of remedy; or (b) is in material breach of this Agreement
where the breach is capable of remedy and fails to remedy that breach within thirty (30) days after receiving written notice of
such breach.

 

		9.3	Either Google or Opera may suspend performance and/or terminate this Agreement with immediate effect, if in respect of the
other party or any Group Company of the other party any of the following events occur:

 

		(a)	it is, or is deemed for the purposes of any applicable law to be, unable to pay its debts as they fall due for payment;

 

		(b)	a petition is presented or documents filed with a court or any registrar or any resolution is passed for its winding-up, administration
or dissolution or for the seeking of relief under any applicable bankruptcy, insolvency, company or similar law;

 

		(c)	any liquidator, trustee in bankruptcy, judicial custodian, compulsory manager, receiver, supervisor, administrative receiver,
administrator or similar officer is appointed in respect of it or any of its assets;

 

		(d)	any event analogous to the events listed in (a) to (c) above takes place in respect of it in any jurisdiction.

 

		9.4	Notwithstanding any other provision of this Agreement, Google may terminate this Agreement immediately upon written notice
to Opera if:

 

		(a)	Opera is in breach (whether or not material) of clause 14 (Prohibited Actions), provided that Google provides such written
notice of termination to Opera within thirty (30) days of the date on which Google became aware of the relevant breach (and such
termination right shall be without prejudice to Google’s rights under clause 9.2);

 

		(b)	if Opera is in material breach of any Termination Trigger Clause (as defined below) and, where such breach is capable of remedy,
fails to remedy that breach within fourteen (14) days after receiving written notice of the breach; or

 

		(c)	if Opera is in breach (whether or not material) of a Termination Trigger Clause and fails to remedy that breach within thirty
(30) days after receiving written notice of the breach.

 

    	 	 	13

     

    

 

		9.5	For the purposes of this clause 9, a “Termination Trigger Clause” means each of the following clauses:

 

		(a)	Clause 13 (Third Party Distribution); and

 

		(b)	[***]

 

		9.6	Notwithstanding any other provision of this Agreement, Google may terminate this Agreement immediately upon notice to Opera
if Opera is in material breach of this Agreement more than twice notwithstanding any cure of such breaches.

 

		9.7	Notwithstanding any other provision of this Agreement, in the event that the government or controlling body of any country
or territory in which Google Products are distributed imposes any law, restriction or regulation that makes it illegal to distribute
the Google Products, or any portion thereof, into such country or territory, or if any such law, restriction or regulation places
a substantial burden on Google, where substantial is measured with respect to Google’s economic benefit under this Agreement,
as determined by Google in its reasonable and good faith judgment (such substantial burden, a “Substantial Burden”),
then Google may require Opera to suspend all distributions of Google Products in such country or territory until such time as such
law, restriction or regulation is repealed or nullified or modified such that it is no longer illegal or a Substantial Burden,
as applicable, for Google Products to be distributed in such country or territory (“Google Special Suspension”).
If a Google Special Suspension occurs, Parties will negotiate in good faith to lower the Minimum Query Thresholds set out in clause
7 of Schedule One as well as the payments due under clause 6 of Schedule One. Notwithstanding any other provision of this Agreement,
in the event that the government or controlling body of any country or territory in which Opera Browsers are distributed imposes
any law, restriction or regulation that makes it illegal to distribute the Opera Browsers, or any portion thereof, into such country
or territory, or if any such law, restriction or regulation places a substantial burden on Opera, where substantial is measured
with respect to Opera’s economic benefit under this Agreement, as determined by Opera in its reasonable and good faith judgment
(such substantial burden, a “ Substantial Burden”), then Opera may suspend all distributions of Opera Desktop
Browsers, Opera Mini Browsers or Opera Mobile Browsers in such country or territory until such time as such law, restriction or
regulation is repealed or nullified or modified such that it is no longer illegal or a Substantial Burden, as applicable, for such
browsers to be distributed in such country or territory (“Opera Special Suspension”). If an Opera Special Suspension
occurs, Parties will negotiate in good faith to lower the Minimum Query Threshold of clause 7 in Schedule One as well as the payments
due under clause 6 of Schedule One.

 

		9.8	Upon the expiration or termination of this Agreement for any reason: (a) all rights and licences granted by each party under
this Agreement shall cease immediately; (b) if requested, each party shall use its reasonable endeavours to promptly return to
the other party, or destroy and certify the destruction of, all Confidential Information disclosed to it by the other party; (c)
the fees payable to Opera hereunder will immediately cease accruing following such expiration or termination of this Agreement,
and Google will within sixty (60) days pay to Opera any undisputed amounts which have accrued from the time of the most recent
payment to Opera through the date of termination or expiration of this Agreement; (d) Opera will promptly pay to Google any amounts
owed to Google; and (e) if requested by Google, Opera will immediately stop marketing and distributing the Google Products to the
extent technically possible.

 

    	 	 	14

     

    

 

		9.9	Neither party will be liable to the other for any damages resulting solely from termination of this Agreement as permitted
for under this Agreement.

 

		10.	The rights and obligations of any clauses which under their terms or by implication ought
to survive, shall survive the expiration or termination of this Agreement.

 

		11.	Intellectual Property Rights

 

		11.1	Opera acknowledges that Google and/or its licensors own all right, title and interest, including without limitation all Intellectual
Property Rights in and to the Google Products, the Google Brand Features, and all improvements thereof. Google will not be restricted
from selling, licensing, modifying, or otherwise distributing the Google Products and/or the Google Brand Features to any third
party.

 

		11.2	Except to the extent expressly stated otherwise in this Agreement, neither Google nor Opera shall acquire any right, title,
or interest in any Intellectual Property Rights belonging to the other party, or the other party’s licensors. Any rights
not expressly granted herein are deemed withheld.

 

		12.	Trade Mark Licence

 

		12.1	Google grants to Opera a non-exclusive, non-transferable and non-sublicensable licence during the Term to use Google’s
Brand Features solely to fulfil Opera’s obligations under this Agreement in accordance with its terms, subject to compliance
with the Google Branding Guidelines as notified by Google to Opera from time to time. Any use of Google’s Brand Features
pursuant to this Agreement is subject to Google’s prior written permission (including via email).

 

		12.1A	If permitted by Google in writing, in its sole discretion
(which may be revoked by written notice at any time), Opera may pre load bookmarks to Google Products into such Opera Mini Browsers
and/or Opera Mobile Browsers as Google may specify, in accordance with the licence in clause 12.1 of this Agreement.

 

		12.2	All goodwill arising from the use by Opera of Google’s Brand Features shall belong to Google. Opera acknowledges that
the Google Brand Features are owned solely by Google and Google Group Companies.

 

		12.3	Opera grants to Google and each Google Group Company a non-exclusive licence during the Term to: (a) use Opera Brand Features
to exercise its rights and fulfil its obligations under this Agreement and in its marketing material and both internal and external
presentations, subject to compliance with the then current Opera trademark branding guidelines (currently located at www.opera.com/portal/contract/trademark)
as notified by Opera to Google from time to time; and (b) sub-licence the rights granted in this clause to Mobile Operators. All
goodwill arising from the use by Google of Opera Brand Features and trademarks shall belong to Opera.

 

    	 	 	15

     

    

 

		13.	Third Party Distribution

 

		13.1	Subject to compliance with the remainder of this clause 13, Opera may distribute Google Opera Browsers to Third Party Distributors,
provided that such Google Opera Browsers are not modified in any way prior to use by End Users.

 

		13.2	Opera shall, and shall ensure that each Third Party Distributor shall, distribute Google Opera Browsers in a manner that
is no less protective of the Google Products and Google than the terms of this Agreement and shall include at a minimum and
without limitation, contractual provisions which disclaim, to the extent permitted by applicable law:

 

		(a)	Google’s liability for any damages, whether direct, indirect, incidental or consequential; and

 

		(b)	all warranties with respect to Google, including warranties of merchantability, fitness for a particular purpose, and non-infringement
(for avoidance of doubt, these disclaimers may be accomplished using a phrase such as “Opera’s suppliers”
and need not specify Google by name).

 

		13.3	During the Term, Opera shall, and shall require each Third Party Distributor to, comply with the following in respect of
their distribution of any Google Opera Browser:

 

		(a)	Google’s client application guidelines, a current version
                                         of which is attached hereto as Exhibit F, as may be updated by Google from time to time
                                         (the “Client Application Guidelines”); and

 

		(b)	Google’s mobile browser guidelines, a current version
                                         of which is attached hereto as Exhibit G, as may be updated by Google from time to time
                                         (the “Mobile Browser Guidelines”).

 

		13.4	Google in its sole discretion may direct Opera to cease distributing Google Opera Browsers to or through any Third Party
Distributor that, in Google’s sole discretion:

 

		(a)	is not compliant with the Client Application Guidelines and/or the Mobile Browser Guidelines;

 

		(b)	would harm or devalue Google’s business, brand or name; and/or

 

		(c)	violate Google’s privacy policy.

 

In such circumstances, as soon as reasonably practicable (but in no event longer than fourteen (14) days following receipt
of Google?s notice), Opera shall cause the relevant Third Party Distributor(s) to cease distribution of such Google Opera
Browser and Google will have no obligation under clause 6.1 of Schedule One of this Agreement with respect to any Search Queries
submitted to Google from any such Google Opera Browser. Any such Opera Desktop Browser, Opera Mobile Browser or Opera Mini
Browser that Opera subsequently allows such Third Party Distributor to distribute shall not include any of the Google Products
and/or Brand Features (and, for the purposes of this Agreement, shall be deemed to be an Excluded Opera Browser).

 

		13.5	Opera shall ensure that no Third Party Distributor bundles any
software or browser extensions in or with Google Opera Browsers without Google’s prior written approval, and if Google grants
its approval, Opera shall provide Google with information about any such bundling arrangements at Google’s request.

 

		13.6	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		(c)	[***]

 

[***]

 

		13.7	[***]

 

		13.8	[***]

 

		14.	Prohibited Actions.

 

		14.1	Opera shall not, and shall not knowingly allow any third party to (and shall require that Third Party Distributors do not,
and do not knowingly allow any third party to):

 

		(a)	modify, obscure or prevent the display of all, or any part of, any Results;

 

    	 	 	16

     

    

 

		(b)	edit, filter, truncate, append terms to or otherwise modify any search query entered into a Search Access Point;

 

		(c)	implement any click tracking or other monitoring of Results;

 

		(d)	display any Results in pop-ups, pop-unders, exit windows, expanding buttons, animation or other similar methods;

 

		(e)	interfere with the display of or frame any Search Results Page or any page accessed by clicking on any Results;

 

		(f)	(without prejudice to the generality of clause 14.1(e) above) edit, modify, truncate, filter or change the order of the information
contained on any Search Results Page, including but not limited to commingling any Search Results and/or Ads with search and/or
advertising results provided by a third party;

 

		(g)	(without prejudice to the generality of clause 14.1(e) above) minimise, remove or otherwise inhibit the full and complete display
of any Search Results Page (including any Search Results and/or Ads) and/or the corresponding Destination Pages;

 

		(h)	display any content between any Results and the corresponding Destination Page or place any interstitial content immediately
before any Search Results Page;

 

		(i)	save to the extent permitted pursuant to clause 13.6 of this Agreement above, enter into any type of co-branding, white labelling,
syndication or subsyndication arrangement with any third party in connection with any Google Product, any Results or Ad Revenue
(including any arrangement under which a third party pays to or receives from Opera any fees, revenue share or other amounts in
return for the display of Results and/or access to Google Products);

 

		(j)	transfer, sell, lease, lend or use for timesharing, service bureau or other unauthorised purposes, the Google Products or access
thereto (including, but not limited to Search Results and/or Ads, or any part, copy or derivative thereof);

 

		(k)	directly or indirectly, (i) offer incentives to End Users or any other persons to generate Search Queries or clicks on Results,
(ii) fraudulently (or through any automated, deceptive or other invalid means, including, but not limited to, click spam, robots,
macro programs, and Internet agents) generate Search Queries or clicks on Results or (iii) modify Search Queries or clicks on Results;

 

		(l)	“crawl”, “spider”, index or in any non-transitory manner store or cache information obtained from the
Google Search Service (including any Results);

 

		(m)	redirect an End User away from a Search Results Page and/or a Destination Page;

 

		(n)	remove, deface, obscure, or alter Google's copyright notice, trademarks or other proprietary rights notices affixed to or provided
as a part of the Google Products (including on any Search Results Page), or any other Google technology, software, materials and
documentation provided to Opera in connection with this Agreement;

 

    	 	 	17

     

    

 

		(o)	modify, adapt, translate, prepare derivative works from, decompile, reverse engineer, disassemble or otherwise attempt to derive
source code from the Google Search Service, Google data protocols or any other Google Product or Google technology, content, data,
routines, algorithms, methods, ideas design, user interface techniques, software, materials and documentation;

 

		(p)	place or associate anything on or near any Search Access Point or the Google Search Service that in any way implies that Google
is responsible for any content, information or web site accessed via any Google products or services;

 

		(q)	create or attempt to create a substitute or similar service or product through use of or access to any of the Google Products
or proprietary information related thereto;

 

		(r)	provide End Users with access (directly or indirectly) to any Results or Google Products using any application, plug-in, helper,
component or other executable code that runs on a user’s computer. For the avoidance of doubt, an End User using any browser
add-ons or third party extension hosted by Opera (prior to such add-on or extension being taken down pursuant to Opera’s
standard take-down procedure) to access such Results or Google Products shall not be considered a Prohibited Action;

 

		(s)	display on any web site which is distributed by Opera with an Included Opera Browser, the Existing Install Base, or otherwise
promoted by Opera to End Users of an Included Opera Browser and/or the Existing Install Base in connection with their use of the
Included Opera Browser, the Existing Install Base and/or any content that violates or encourages conduct that would violate any
applicable laws, any third party rights or the Google Technical Protocols;

 

		(t)	distribute the Google Products, either in whole or in part, in any way or to any other person, other than as permitted by this
Agreement, without the prior written consent of Google or for unauthorised purposes;

 

		(u)	serve or otherwise place any advertisements within or on top of any Search Access Point;

 

		(v)	block or otherwise take any action to prevent or hinder access by End Users to the Google Products, Search Access Points or
to any information required to use Google applications or services, except to the extent that standard content filtering solutions
such as IWF filtering and filtering solutions required by Opera's Third Party Distributors or by regulatory authorities would filter
any such information;

 

		(w)	enable or allow any third party to access or use any User Personal Data related to Google’s Products (unless aggregated
and anonymised) or any Client ID;

 

    	 	 	18

     

    

 

		(x)	enable or permit Scraping; or

 

		(y)	insert into the Included Opera Browser or the Existing Install Base any viruses, worms, date bombs, time bombs, or other code
that is specifically designed to cause a Google Product to cease operating, or to damage, interrupt, allow access to or interfere
with a Google Product.

 

		14.2	Opera shall, and shall require that Third Party Distributors, take appropriate measures to prevent any third party from carrying
out any of the activities in clause 14.1, where it is reasonably possible for such measures to be implemented.

 

		15.	Other Agreements

 

		15.1	With effect from the Effective Date, this Agreement replaces and supersedes the agreements between the parties listed at (a)
to (c) below (the “Original Agreements”). Nothing in this Agreement shall affect the rights, obligations and
liabilities of the parties arising under the Original Agreements prior to the Effective Date:

 

		(a)	strategic affiliate agreement dated as of September 5, 2001 (as amended by amendments one to twelve) which is hereby terminated
with effect on and from the Effective Date and notwithstanding the foregoing the parties agree that Google’s obligation to
continue to pay Opera a “Referral Traffic Payment” following termination of the agreement shall not apply following
termination of such agreement;

 

		(b)	Google distribution agreement with an effective date of 1 November 2009 (as amended by amendments one to seven) which is hereby
terminated with effect on and from the Effective Date; and

 

		(c)	promotion and distribution agreement effective as of 1 November 2011, which is hereby terminated with effect on and from the
Effective Date.

 

		16.	Technical Implementation.

 

		16.1	Upon Google’s request, Opera shall provide Google with the latest version of the Opera Desktop Browser, Opera Mini Browser
and/or the Opera Mobile Browser for testing and evaluation purposes [***].

 

		16.2	Google will assign a technical representative to Opera, who will provide reasonable assistance to Opera with the implementation
of the Opera Desktop Browser, Opera Mini Browser and/or Opera Mobile Browser in accordance with this Agreement. The Google technical
representative will only be responsible for providing assistance to Opera, and will not provide any direct support to End Users
or any other third party. Opera will assign a technical representative to Google who will act as the primary contact for Google
in any technical or support issues. Each party shall use reasonable endeavours to respond to technical and support queries within
seven (7) days of receiving the query.

 

		16.3	Opera shall provide support services with respect to each Included Opera Browser and/or the Existing Install Base to End Users
as generally available at its own expense. Google will make available support to End Users as generally available for all users
of the same Google Products, applications or services distributed organically by Google.

 

    	 	 	19

     

    

 

		16.4	If Google modifies the Google Branding Guidelines, the Google Technical Protocols or any other technical requirements and such
modification requires action by Opera, Opera will implement the applicable changes no later than thirty (30) days from receipt
of notice from Google, or such longer time frame as may be agreed by Google in writing (including by email).

 

		16.5	Google may require Opera to make immediate fixes or changes to the implementation of any Included Opera Browser, the Existing
Install Base or Search Access Point if a fault in such implementation could reasonably cause or is causing an interruption or degradation
of the applicable Google Product and Opera shall make such fixes or changes as soon as reasonably possible.

 

		17.	General

 

		17.1	The words "include" and "including" will not limit the generality of any words preceding them.

 

		17.2	All notices of termination or breach must be in English, in writing, addressed to the other party’s legal department
and: (a) if for Opera, sent to Opera’s address or fax number, Attn. General Counsel; and (b) if for Google [***], or such
other address as either party has notified to the other in accordance with this clause. All other notices must be in English, in
writing, addressed to the other party’s primary contact and sent to their then current postal address or email address. All
notices shall be deemed to have been given on receipt as verified by written or automated receipt or electronic log (as applicable).

 

		17.3	Neither party may assign or transfer any of its rights or obligations under this Agreement without the prior written consent
of the other, except that Google may assign its rights and/or obligations under this Agreement to any Google Group Company without
Opera’s consent. Any other attempt to transfer or assign is void.

 

		17.4	A party may terminate this Agreement immediately upon written notice if there is a Change of Control of the other party, other
than in the context of an internal solvent restructuring or reorganisation of its Group Companies. In this clause the term "Control"
shall mean the possession by any person(s) directly or indirectly of the power to direct or cause the direction of another person
and "Change of Control" is to be construed accordingly. The party experiencing such Change of Control will notify the
other party in writing of this within thirty (30) days after the Change of Control. If the terminating party has not exercised
its right of termination under this clause within thirty (30) days following receipt of notice of the other party’s Change
of Control, that right of termination will expire.

 

		17.5	Opera will comply with all applicable export and re-export control laws and regulations (“Export Laws”),
which the parties agree include: (i) the Export Administration Regulations maintained by the U.S. Department of Commerce, (ii)
trade and economic sanctions maintained by the U.S. Treasury Department’s Office of Foreign Assets Control, and (iii) the
International Traffic in Arms Regulations maintained by the U.S. Department of State. Google will provide Opera with reasonable
assistance in providing information pertaining to the Google technologies made available to Opera pursuant to this Agreement as
is required by Opera to meet its obligations under this clause.

 

    	 	 	20

     

    

 

		17.6	Opera will comply with all applicable anti-bribery laws, including the US Foreign Corrupt Practices Act of 1977, 15 U.S.C.
Section 78dd-1, et seq (“Anti-Bribery Laws”), which prohibits corrupt offers of anything of value to a government
official to obtain or keep business. Opera will not engage in any conduct that could create l for Google under any Anti-Bribery
Laws. If Opera does not comply with this Section, such non-compliance will be considered a material breach of this Agreement and
Google may terminate this Agreement immediately.

 

		17.7	Opera may not sub-contract its obligations under this Agreement, in whole or in part, without the prior written consent of
Google.

 

		17.8	Except as expressly stated otherwise, nothing in this Agreement shall create or confer any rights or other benefits in favour
of any person other than the parties to this Agreement.

 

		17.9	Except as expressly stated otherwise, nothing in this Agreement shall create an agency, partnership or joint venture of any
kind between the parties.

 

		17.10	Neither party shall be liable for failure to perform or delay in performing any obligation under this Agreement if the failure
or delay is caused by any circumstances beyond its reasonable control.

 

		17.11	Failure or delay in exercising any right or remedy under this Agreement shall not constitute a waiver of such (or any other)
right or remedy.

 

		17.12	The invalidity, illegality or unenforceability of any term (or part of a term) of this Agreement shall not affect the continuation
in force of the remainder of the term (if any) and this Agreement.

 

		17.13	Subject to clause 7.1(b), this Agreement sets out all terms agreed between the parties in relation to its subject matter and
supersedes all previous agreements between the parties relating to the same. In entering into this Agreement neither party has
relied on any statement, representation or warranty not expressly set out in this Agreement.

 

		17.14	This Agreement is governed by English law and the parties submit to the exclusive jurisdiction of the English courts in relation
to any dispute (contractual or non-contractual) concerning this Agreement, except that either party may apply to any court for
an injunction or other relief to protect its Intellectual Property Rights. If this Agreement is translated into any other language,
if there is conflict the English text will take precedence.

 

    	 	 	21

     

    

 

SCHEDULE ONE – SEARCH DISTRIBUTION

 

		1.	Distribution 

 

		1.1	Subject to the terms and conditions of this Agreement, Google hereby grants to Opera a nontransferable, non-sublicensable,
royalty-free, nonexclusive license to distribute the Google Search Service in the manner set forth in this Agreement.

 

		2.	Default Search Provider for Search Access Points

 

		2.1	Subject to clause 3 of this Schedule One below, Opera shall set Google as the Default Search Provider for all Search Access
Points on all Included Opera Browsers distributed in the Territory during the Term by Opera or any Third Party Distributor.

 

		2.2	Subject to clause 3 of this Schedule One below, within thirty (30) days of the Effective Date, Opera shall (to the extent it
has not already done so and to the extent that it is technically possiblem) set Google as the Default Search Provider for all Search
Access Points on those browsers in the Existing Install Base where the applicable End User has not previously actively selected
a default search provider in their settings.

 

		3.	[***]

 

		3.1	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		(c)	[***]

 

		(d)	[***]

 

		(e)	[***]

 

		(f)	[***]

 

		3.2	[***]

 

		3.3	[***]

 

		4.	[***]

 

		4.1	[***]

 

		(a)	[***]

 

		(b)	[***]

 

[***]

 

    	 	 	22

     

    

 

		5.	[***]

 

		5.1	[***]

 

		5.2	[***]

 

		5.3	[***]

 

		6.	[***]

 

		6.1	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		(c)	[***]

 

		(i)	[***]

 

		(ii)	[***]

 

		(iii)	[***]

 

		6.2	[***]

 

		6.3	[***]

 

		6.4	Google will pay to Opera the payments stated in this clause 6 of this Schedule One subject to the following provisions:

 

		(a)	Google may send uncompensated test Search Queries to the Google Search Service or make uncompensated clicks on Ads or generate
uncompensated impressions of or action regarding Ads at any time where reasonably required to monitor or test the Google Search
Service;

 

		(b)	notwithstanding any other provision of this Agreement, until Google notifies Opera in writing to the contrary, no payments
shall become due under this Agreement for: (i) any Search Queries which are made through the ‘Opera TV’ browser (as
such browser may be re-branded, updated or succeeded from time to time), or (ii) any Ad Revenues that result from such Search Queries;
and

 

		(c)	notwithstanding any other provision of this Agreement, no payments shall become due under this Agreement for: (i) any Search
Queries which are not made through a Payable Search Access Point, or (ii) any Ad Revenues that result from such Search Queries,
irrespective of any use of the Google Search Service for any such Search Query. In accordance with clause 9.4 of this Schedule
One, Opera shall ensure that a Client ID is not included in any such Search Query.

 

    	 	 	23

     

    

 

		6.5	Other than as expressly set out in this clause 6 of this Schedule One or elsewhere in this Agreement, Google and Opera will
each retain all revenue generated from the provision of their respective products and services without further accounting to any
other party (including any revenue generated by Google or any Google Group Company from Ads.)

 

		7.	[***]

 

		7.1	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		(c)	[***]

 

		7.2	[***]

 

		(a)	[***]

 

		(b)	[***]

 

[***]

 

		(c)	[***]

 

		8.	Reporting

 

		8.1	On a monthly basis during the Term, in respect of the previous month, Google will provide Opera with the following reports:

 

		(a)	Not used.

 

		(b)	Not used.

 

		(c)	Not used.

 

		(d)	In respect of each month in the period commencing on and from the 2015 Renewal Date until the expiry or termination of this
Agreement: the Net Ad Revenues generated from all Payable Feature Phone Queries, all Payable Smartphone Queries, and all Payable
Desktop Queries, each attributable to the applicable month.

 

		(e)	In respect of each month in the period commencing on and from the 2018 Renewal Date: the Net Ad Revenues attributable to the
applicable month, generated from each Client ID assigned in respect of a Revenue Share Distributor.

 

		9.	Implementation and Maintenance

 

		9.1	During the Term, Opera will ensure that the Google Search Service on Included Opera Browsers and the Existing Install Base,
is implemented and maintained in accordance with (a) the Google Branding Guidelines, (b) the screenshots and specifications set
forth in Exhibits A and B; (c) the Google Technical Protocols (if any) and any other technical requirements and specifications
applicable to the Google Search Service that are provided to Opera by Google from time to time.

 

    	 	 	24

     

    

 

		9.2	Opera shall only implement Navigational Error Pages client-side without changing or obscuring server error codes. Opera shall
ensure that the Navigational Error Page does not include any advertisements and that an End User can opt-out of the Navigational
Error Page handling by Opera through a link on the Navigational Error Page.

 

		9.3	Opera shall ensure that the correct Client IDs are implemented in accordance with instructions from Google and that every Payable
Desktop Query and every Payable Mobile Query entered by an End User includes the correct Client ID. For the avoidance of doubt,
Google understands and acknowledges that Opera shall not be required to update the Client ID in the Existing Install Base where
it is not technically possible to do so.

 

		9.4	Opera shall ensure that Client IDs are only implemented in respect of Payable Search Access Points. Without prejudice to the
generality of the forgoing, Opera shall ensure that Client IDs are not included in:

 

		(a)	any location or Search Access Point other than a Payable Search Access Point;

 

		(b)	any Excluded Opera Desktop Browsers, Excluded Opera Mobile Browsers or Excluded Opera Mini Browsers (even if such browsers
contain an option to select the Google Search Service in a menu of search providers);

 

		(c)	any Excluded Search Access Points (even if such Excluded Search Access Points contain an option to select the Google Search
Service in a menu of search providers).

 

		9.5	Opera shall provide such information to Google as Google may reasonably request with respect to the use and application of
any Client IDs.

 

		9.6	On and from the Amendment Effective Date, Opera shall ensure that: (a) Payable Smartphone Queries and Payable Feature Phone
Queries are identified by separate and distinct Client IDs; and (ii) only versions of the Opera Mini Browser and Opera Mobile Browser
that are installed on Smartphones will contain Client IDs associated with Payable Smartphone Queries. Google and Opera acknowledge
that prior to the Amendment Effective Date, Client IDs associated with Payable Smartphone Queries may have been included in some
Opera Mini Browsers and Opera Mobile Browsers that are installed on Devices that are not Smartphones. On and from the Amendment
Effective Date, the Client IDs which Opera shall implement in respect of Payable Smartphone Queries shall be the following, as
applicable: ms-opera-mobile, ms-opera-mini-android, ms-opera-mini-iphone, ms-opera-mobile-android and ms-opera-coast (together
with such additional alpha numeric codes as Google may specify to Opera).

 

    	 	 	25

     

    

 

		9.7	[***]

 

		(a)	[***]

 

		(b)	[***]

 

		9.8	[***]

 

		10.	Changes and Modification

 

		10.1	With regards to Included Opera Desktop Browsers and those Opera Desktop Browsers which form part of the Existing Install Base,
Opera shall where technically possible make changes to the user interface of the default search box within thirty (30) days of
the Effective Date to comply with the mock-up in Exhibit A (part c). Opera shall not implement such changes into live use until
Google has provided written confirmation of its approval of such changes (such approval to be at Google’s absolute discretion
and which may be by email). Google shall provide its written confirmation or rejection within fourteen (14) days from Opera’s
request. Failure to notify shall not constitute approval by Google. In the event that the changes are not approved by Google, Opera
shall, within fourteen (14) days of notice from Google that the changes are not approved, make further changes to achieve compliance
with Exhibit A (part c) and the process in this clause 10.1 of this Schedule One shall again apply.

 

		10.2	In respect of: (a) any new browser that Opera plans to release during the Term which, if released, would be an Included Opera
Browser; and (b) any proposed Material Change to an Included Opera Browser or any browser which forms part of the Existing Install
Base during the Term (save those changes approved pursuant to clause 10.1 of this Schedule One above), Opera will:

 

		(i)	notify Google of this in writing (including by email) at least thirty (30) days’ prior to the expected launch of such
new browser or Material Change and submit a mock up and any other relevant details of the proposed new browser or Material Change
for approval by Google; and

 

		(ii)	not implement the proposed Material Change or launch the new browser into live use (as applicable) until Google has provided
written confirmation of its approval of such new browser or Material Change (such approval not to be unreasonably withheld and
which may be by email) at least fourteen (14) days before the expected launch of such new browser or Material Change, provided
that failure to notify shall not constitute approval by Google. Any new mock-ups agreed shall be treated as forming part of Exhibit
A and/ or Exhibit B (where applicable, replacing any relevant old mock-ups).

 

		10.3	If at any time during the Term, Opera would like to add additional Search Access Point(s) on any Included Opera Browser or
any browser which forms part of the Existing Install Base beyond those listed in Exhibit A and/ or Exhibit B, Opera shall notify
Google and the parties shall work together in good faith for the purpose of determining the feasibility of implementing such new
Search Access Point. Opera shall not add any new Search Access Point(s) to any Included Opera Browsers or any browsers which form
part of the Existing Install Base beyond those listed in Exhibit A and/ or Exhibit B, unless the parties execute a written amendment
to this Agreement which permits the same.

 

    	 	 	26

     

    

 

		10.4	Opera shall ensure that any proposed changes to the user interface for the g of any Search Access Point comply with the requirements
at clause 9 of this Schedule One.

 

		11.	Promotion of Google Accounts and Google Products. 

 

		11.1	Opera shall use its reasonable endeavours to:

 

		(a)	where Google makes available an API or other reasonable means for Opera to determine whether an End User is signed in to a
Google Account or not, prompt any End User who is not signed in to a Google Account to sign in to or register for a Google Account;
and

 

		(b)	subject to clause 11.2 of this Schedule One, promote such Google Products as Google nominates from time to time (or failing
such nomination, such Google Products as Opera reasonably nominates): (i) by including links and Brand Features relating to those
products in the “Speed Dial” screen of Opera Desktop Browsers, Opera Mini Browsers and Opera Mobile Browsers; and (ii)
as otherwise agreed between the parties in writing,

 

provided in each case that Opera
reasonably considers that such prompts or promotions (as applicable) would not have a material detrimental impact on the relevant
End User’s experience or Opera’s commercial or business interests.

 

		11.2	Google may from time to time notify Opera in writing if Google does not wish Opera to promote certain Google Products under
clause 11.1(b). Opera shall cease to promote any Google Products that are the subject of any such notice within 7 days of its receipt
of that notice.

 

		12.	Compliance with Google Product Terms.

 

Without prejudice to Google’s
(or the relevant Google Group Company’s) rights and remedies under the terms applicable to any Google Product, Opera shall
ensure that, within 60 days from the 2015 Renewal Date, its and its Group Companies’ use of any Google Product (including
Google Play and YouTube) is and will thereafter remain in accordance with the terms that apply to that Google Product.

    	 	 	27

     

    

 

EXHIBIT A

 

[***]

 

    	 	 	28

     

    

 

EXHIBIT B

 

[***]

  

    	 	 	29

     

    

 

EXHIBIT C

 

Not used. 

 

EXHIBIT D

 

Not used. 

 

EXHIBIT E

 

Not used.

 

    	 	 	30

     

    

 

Exhibit F

 

Client Application Guidelines

 

 

 

Client Application Guidelines for Applications Bundled With
Google Products

 

1. Introduction. People using Google’s services
or products distributed with Google Products should have clear disclosure, meaningful choice and the best experience possible.
Users should not have to deal with illegal, misleading, deceptive, harmful or hard-to-uninstall software. Google’s “Software
Principles” (available at http://www.google.com/about/company/software-principles.html) and “Unwanted
Software Policies” (available at http://www.google.com/about/company/unwantedsoftwarepolicy.html) and these Client Application
Guidelines (“Guidelines”) govern any applications bundled with a Google Product for distribution (each a “Distributor
App”) and any Third Party Bundled Apps (as defined in Section 7 of these Guidelines). Collectively, the Software Principles
and the Unwanted Software Policies shall constitute the “Policies”.

 

Capitalized terms not defined in these Guidelines are defined
in the Google Distribution Agreement between Distributor and Google (“Agreement”). If these Guidelines conflict
with the terms of the Agreement, the Agreement will control. Any reference in these Guidelines to an “application”
means an application, plug-in, extension, helper, component or other executable code.

 

2. Compliance.

 

2.1. Bundle Distribution. Bundling and distribution of
the Google Products together with the Distributor Apps must be performed in accordance with the Agreement. Distributor must ensure
that the Distributor Apps (and any updated or subsequent versions of those applications) comply at all times with these Guidelines
and the Policies, each of which may be amended from time to time.

 

2.2. Enforcement. At any time during the Term, Google
may re-examine a Distributor App for compliance with these Guidelines and the Policies, and Distributor agrees to fully cooperate
with Google in any such reexamination. In addition to any other right of suspension or termination in the Agreement, (a) Google
may suspend bundling and distribution of the Google Products in association with any Distributor App that is not in compliance
with these Guidelines or the Policies until such noncompliance has been cured (as determined by Google in its sole discretion);
and (b) if Distributor does not remedy any such noncompliance within 30 days of notice or is not in compliance with these Guidelines
or the Policies more than twice during the Term, regardless of cure, Google may terminate the Agreement (in whole or in part).

 

3. End User Choice. For purposes of these Guidelines,
“User Choice” means an option that can be switched between “on”, “yes” or something
similar and “off”, “no” or something similar by the End User with a single action (e.g. a click on a button).
Except as permitted under Section 5 of these Guidelines, during the download, installation or update of a Distributor App, End
Users must be presented a separate User Choice for each installation option, user selection or user consent, and each such User
Choice (a) must be displayed as a separate line item with a separate checkbox or similar acknowledgement, and (b) must be selectable
without having to take any other action (e.g. no inactive checkboxes). Distributor must not mislead the End User into selecting
or accepting a particular User Choice.

 

4. No Misleading, Deceptive or Harmful Practices.

 

4.1. Clear Download and Installation Choices.

 

(a) A Distributor App may not be downloaded to an End User’s
computer without full, accurate, clear and conspicuous disclosure and End User consent to the download (i.e. no “drive-by”
downloads).

 

(b) Installation screens for Distributor Apps must ensure that
the End User consents to the installation. The first installation screen upon downloading a Distributor App must fully, accurately,
clearly and conspicuously disclose to the End User the name of the Distributor App, the entities responsible for it, the principal
and significant features of the Distributor App, and the end user license agreement and privacy policy applicable to such Distributor
App. The first installation screen must also conform to the installation screen mockup(s) attached to the Agreement, if any.

 

    	 	 	31

     

    

 

(c) A Distributor App must not use, or permit a third party
to use, an End User’s computer for any purpose unless (i) such use is fully, accurately, clearly and conspicuously disclosed
to the End User, and (ii) the End User consents to such use.

 

(d) Distributor must not induce an End User to install a software
component by intentionally misrepresenting that it is necessary for security or privacy, or in order to open, view or play a particular
type of content.

 

4.2. Prohibited Behavior. A Distributor App must not
engage in illegal, misleading, deceptive, harmful, harassing, or otherwise annoying practices, or practices that tend to degrade
the speed or overall quality of an End User’s experience (in each case, as determined by Google in its sole discretion).
For example, a Distributor App may not do any of the following:

 

(a) Intentionally create, facilitate the creation of, or exploit
any security vulnerabilities in an End User’s computer.

 

(b) Trigger pop-ups, pop-unders, exit windows, or similar obstructive
or intrusive functionality that materially interferes with an End User’s web navigation or browsing or the use of his or
her computer.

 

(c) For a period of six months after an End User declines to
take (or reverses) an action with respect to that Distributor App (including, without limitation, during installation, use, update
or uninstallation of a Distributor App), re-prompt the End User to take, or try to deceive the End User into taking, such action.

 

(d) Redirect browser traffic away from valid DNS entries.

 

(e) Interfere with or bypass general browser messaging, functionality
or performance, including without limitation general rendering of web pages (for example, by injection of html code into web pages
viewed by the End User on a browser, where such html code is not provided specifically for the purpose of enhancing either (i)
the quality of rendering or (ii) the speed of rendering of the page called by the End User).

 

(f) Engage in an activity that violates any applicable law or
regulation.

 

(g) Contain any viruses, worms, trojan horses, or the like.

 

4.3. Personally Identifiable Information. If a Distributor
App collects an End User’s personally identifiable information or transmits such information to any entity other than the
End User, or collects or transmits information related to an End User’s computer, or Internet usage or activity in a manner
that could collect or transmit such End User’s personally identifiable information (such as through keystroke logging), prior
to the first occurrence of any such collection or transmission, Distributor must (a) fully, accurately, clearly and conspicuously
disclose: (i) the type of information collected (described with specificity in the case of personally identifiable information),
(ii) the method of collection (e.g. by registration, etc.) and (iii) the location of (i.e. a link to) the privacy policy that governs
the collection, use and disclosure of the information, and (b) obtain the End User’s consent to such collection and/or transmission.

 

4.4. Transparency.

 

(a) Any disclosure made in connection with a Distributor App
must be designed so that it will be read by and adequately inform a typical user. The appearance
(e.g. font size, color, shading) of any such disclosure should
be as prominent as other information on the same screen or page.

 

(b) Neither Distributor nor any of its distribution or bundling
partners may mislead End Users or create End User confusion with regard to the source, owner, purpose, functionality or features
of Distributor Apps. Every Point of Contact for a Distributor App must clearly, conspicuously, accurately and consistently identify
the Distributor as the source of that application and the associated functionality. A “Point of Contact” is
any point of contact with an End User that is related to a Distributor App, including without limitation (i) web pages promoting
the Distributor App or from which the Distributor App is made available for download, (ii) the Distributor App offer and installation
screens, (iii) the Distributor App user interface, and (iv) information regarding the Distributor App in the operating system menu
of an End User’s computer.

 

4.5. No Misleading Google Branding or Attribution. Distributor
Apps, and any related collateral material, must not claim endorsement or support from Google or use Google branding to mislead
or confuse End Users regarding the source or owner of the Distributor Apps.

 

    	 	 	32

     

    

 

5. Changes to an End User’s Settings.

 

5.1. Restriction. A Distributor App may not (a) make
changes to the operating system or application or data settings on an End User’s computer (“End User Settings”);
or (b) modify the operation or display of other applications or websites (other than websites that Distributor owns) on an End
User’s computer.

 

5.2. Expected Changes to End User Settings. Notwithstanding
Section 5.1 of these Guidelines, a Distributor App may make changes to End User Settings, so long as (a) the End User could reasonably
expect such changes to be made in connection with his or her use of the Distributor App (as determined by Google in its sole discretion),
(b) Distributor fully, accurately, clearly and conspicuously discloses the changes and the practical effect of such changes to
the End User, and (c) the End User consents to make such changes.

 

5.3. Minor Changes to End User Settings. Notwithstanding
Section 5.1 of these Guidelines, a Distributor App may make minor changes to an End User’s computer, so long as the End User
could reasonably expect such changes to be made in connection with his or her use of the Distributor App (as determined by Google
in its sole discretion).

 

6. EULA and Privacy Policy. Each Distributor App must
comply with all applicable laws and regulations and must be distributed pursuant to an end user license agreement (“EULA”)
that complies with all applicable laws and regulations. Distributor and its Distributor App(s) must comply with the EULA and Distributor’s
privacy policy. The applicable EULA and privacy policy must be readily and easily accessible during the download and installation
process, as well as from a link in each Distributor App. If a Distributor App collects or transmits any information related to
the End User's use of his or her computer that is not required to be disclosed and consented to pursuant to Section 4.3 of these
Guidelines, then the collection and use of such other information must be clearly and conspicuously disclosed in the applicable
privacy policy.

 

7. Third Party Bundled Applications. 

 

7.1. Additional Terms for Third Party Bundled Applications.
Subject to Google’s prior written approval and the terms of the Agreement, Distributor may offer a third party application
during the download, installation or update of a Distributor App (each a “Third Party Bundled App”) so long
as any such Third Party Bundled Apps comply with all the requirements applicable to the Distributor Apps set forth in these Guidelines.
Without limiting the foregoing, all of Google’s rights and Distributor’s obligations with respect to Distributor Apps
set forth in these Guidelines will apply to all Third Party Bundled Apps. Distributor may distribute Third Party Bundled Apps subject
to the following additional terms: (a) Third Party Bundled Apps must not be targeted to minors (as
determined by Google in its sole discretion). (b) If Google (i) receives or is otherwise aware of complaints or regulatory inquiries
related to a particular Third Party Bundled App or class of applications or (ii) determines
that a particular Third Party Bundled App or class of applications is illegal or encourages illegal activity, or is harmful, deceptive
or annoying to users, Google may restrict Distributor from distributing the Distributor App bundled with such Third Party
Bundled Apps or a class of applications. (c) Every Point of Contact for each Third Party Bundled App
must clearly, conspicuously, accurately and consistently identify the applicable third party as the source of that application
and the associated functionality.

 

8. Deactivation and Uninstallation. The uninstallation
process for each Distributor App must be simple and easy for a typical End User to understand. Each Distributor App must provide
End Users with the option to completely uninstall such application from the customary place for the applicable operating system
(e.g. Add/Remove Programs control panel in Windows), except where a Distributor App is preloaded on a mobile phone or tablet by
the Original Equipment Manufacturer prior to its initial sale to a consumer. Once a Distributor App is uninstalled, no process,
functionality or design elements related to that application should remain. Once an End User disables a Distributor App, such application
must not be re-enabled without the End User’s consent.

 

9. Legal. Distributor must ensure that any Distributor
Apps and Third Party Bundled Apps comply with the Policies and the applicable provisions of these Guidelines.

 

10. Updates. Google will provide Distributor with 30
days prior written notice of any updates to these Guidelines.

  

    	 	 	33

     

    

 

Exhibit G

 

Part One

 

[***] 

 

 

    	 	 	34

     

    

 

Exhibit G Part Two

 

Mobile Browser Guidelines

 

1. Definitions:

 

1.1. Approved App Store: Any mobile-device or tablet-device
application store approved by Google in writing for distribution of the Approved Distribution App.

 

1.2. Approved Distributor: Any mobile phone or tablet
service provider or manufacturer approved in writing by Google for pre-loaded distribution of the Approved Distribution App.

 

1.3. Approved Distribution App: any Google Opera Browser
that has been installed or updated from an Approved App Store or pre-loaded by an Approved Distributor.

 

2. Software Policies: All Approved Distribution Apps
must be compliant with Google’s Software Principles (available at: https://www.google.com/about/company/software-principles.html,
or any updated URL provided by Google from time to time) and Unwanted Software Policies (available at: https://www.google.com/about/company/unwanted-software-policy.html,
or any updated URL provided by Google from time to time).

 

3. User Acquisition Policies:

 

3.1. A Google Opera Browser may only be distributed on
an Approved App Store or through an Approved Distributor, each of which must be approved by Google in writing prior to launching
distribution on such channel.

 

3.2. Approved Distribution App may only be distributed
as a stand-alone application, and may never be bundled with other secondary applications, offers, and/or ads.

 

3.3. Approved Distribution App may not in any way deceive
or confuse users in the process leading to installation. For example, Approved Distribution App may not directly or indirectly
engage in or benefit from the following behavior:

 

3.3.1. Promotion via deceptive ads, websites, apps or
other properties, including simulated system, service, or app notifications or alerts;

 

3.3.2. Promotion or install tactics which cause redirection
to Approved App Store or the download of the Approved Distribution App without informed user action;

 

3.3.3. Unsolicited promotion via SMS services;

 

3.3.4. Exploitation of device security vulnerabilities
in order to initiate download and/or installation of the Approved Distribution App;

 

3.3.5. Except through Approved Distributors, pre-installation
of either the Approved Distribution App or a bookmark to the Approved Distribution App through any means including, but not limited
to, OEM, carrier, store-front, or sign-up processes. The only acceptable install path, other than through Approved Distributors,
is when a user installs the Approved Distribution App themselves from an Approved App Store; or

 

3.3.6. Promotion via incentives for installing, including,
but not limited to offering money, in-game currencies, or discounts for products, apps, game rewards or services.

 

3.4. It is the Distributor’s responsibility to
ensure that no ad network or affiliate uses such methods to direct users to pages that make the Approved Distribution App available
for download.

 

4. Application Content Policies: These content policies
apply to any content the Approved Distribution App displays or links to, including any ads it shows to users and any user-generated
content it hosts or links to. Further, they apply to any content from the developer account displayed in any Approved App Store,
including the developer name and the landing page of the listed developer website.

 

4.1. Sexually Explicit Material: Approved Distribution
Apps that contain or promote pornography are prohibited; this includes sexually explicit or erotic content, icons, titles, or descriptions.

 

    	 	 	35

     

    

 

4.2. Child Sexual Abuse Imagery: Google has a zero-tolerance
policy against child sexual abuse imagery. If we become aware of content with child sexual abuse imagery, we will report it to
the appropriate authorities.

 

4.3. Violence and Bullying: Approved Distribution Apps
should not contain graphic images or accounts of physical trauma, to include gratuitous portrayals of bodily fluids or waste. Approved
Distribution Apps should not contain materials that threaten, harass or bully other users.

 

4.4. Hate Speech: Approved Distribution Apps must not
contain content advocating against groups of people based on their race or ethnic origin, religion, disability, gender, age, nationality,
veteran status, sexual orientation, or gender identity.

 

4.5. Sensitive Events: Approved Distribution Apps must
not contain content which may be deemed as capitalizing on or lacking reasonable sensitivity towards a natural disaster, atrocity,
conflict, death, or other tragic event.

 

4.6. Impersonation or Deceptive Behavior: Don't pretend
to be someone else, and don't represent that your Approved Distribution App is authorized by or produced by another company or
organization if that is not the case. Approved Distribution Apps must provide accurate disclosure of their functionality and should
perform as reasonably expected by the user.

 

4.6.1. Approved Distribution Apps or the ads they contain
must not mimic functionality or warnings from the operating system or other apps, including without limitation having any app-level
or OS-level notification functionality that is false or misleading.

 

4.6.2. Approved Distribution Apps must not contain false
or misleading information or claims in any content, title, icon, description, or screenshots, including without limitation in any
app-level or OS-level notifications.

 

4.6.3. Approved Distribution Apps must not divert users
or provide links to any other site that mimics or passes itself off as another app or service.

 

4.6.4. Approved Distribution Apps must not have names
or icons that appear confusingly similar to another product, app, or service, or to apps supplied with the device (such as Camera,
Gallery or Messaging).

 

4.7. Intellectual Property: Approved Distribution Apps
must not infringe on the intellectual property rights of others, (including patent, trademark, trade secret, copyright, and other
proprietary rights), or encourage or induce infringement of intellectual property rights. In addition:

 

4.7.1. Approved Distribution App may not include the
ability to download music or video content from third party sources (e.g. YouTube, SoundCloud, Vimeo, etc) without explicit authorization
from those sources;

 

4.7.2. Approved Distribution App may not use any form
of Google branding without explicit approval from Google.

 

4.8. Personal and Confidential Information: Approved
Distribution Apps may not collect, publish or disclose user’s private and confidential information in ways the user has not
consented to. This includes, but is not limited to, credit card numbers, government identification numbers, driver's and other
license numbers, non-public contacts, or any other information that is not publicly accessible.

 

4.9. Illegal Activities: Approved Distribution Apps must
not engage in or promote unlawful activities.

 

4.10. Gambling: We don’t allow content or services
that facilitate online gambling, including but not limited to, online casinos, sports betting and lotteries, or games of skill
that offer prizes of cash or other value.

 

4.11. Dangerous Products: Approved Distribution Apps
must not contain, promote, or encourage content that harms, interferes with the operation of, or accesses in an unauthorized manner,
networks, servers, application programming interfaces (APIs), or other infrastructure. For example:

 

4.11.1. Don't transmit or link to viruses, worms, defects,
Trojan horses, malware, or any other items that may introduce or exploit security vulnerabilities to or harm user devices, apps,
or personal data.

 

4.11.2. Apps that collect information (such as the user's
location or behavior) without the user's knowledge (spyware) are prohibited.

 

    	 	 	36

     

    

 

4.11.3. Malicious scripts and password phishing scams
are also prohibited, as are apps that cause users to unknowingly download or install apps from any source.

 

4.11.4. Approved Distribution App may not modify, replace
or update its own APK binary code using any method other than the Applicable App Store’s update mechanism.

 

4.12. System Interference:

 

4.12.1. Approved Distribution App (or its components
or derivative elements) must not make changes to the user’s device outside of the app unless such change is clearly and prominently
presented to the user and the user explicitly consents. This includes behavior such as replacing or reordering the default presentation
of apps, widgets, or the settings on the device. If an app makes such changes with the user’s knowledge and consent, it must
be clear to the user which app has made the change and the user must be able to reverse the change easily, or by uninstalling the
app altogether.

 

4.12.2. Approved Distribution App may not request or
otherwise obtain admin-access to the End User’s device.

 

4.12.3. Approved Distribution App must not introduce
any security vulnerabilities, and must be updated as needed to maintain adequate security.

 

4.12.4. Approved Distribution Apps and their ads must
not modify or add browser settings or bookmarks, add homescreen shortcuts, or icons on the user’s device as a service to
third parties or for advertising purposes.

 

4.12.5. Approved Distribution Apps and their ads must
not display advertisements through system level notifications on the user’s device, unless the notifications derive from
an integral feature provided by the installed app (e.g., an airline app that notifies users of special deals, or a game that notifies
users of in-game promotions).

 

4.12.6. Approved Distribution Apps must not encourage,
incentivize, or mislead users into removing or disabling third-party apps.

 

5. Approved Distribution App Prohibited behavior. An
Approved Distribution App must not engage in illegal, misleading, deceptive, harmful, harassing, or otherwise annoying practices,
or practices that tend to degrade the speed or overall quality of an end user’s experience (in each case, as determined by
Google in its sole discretion). For example, an Approved Distribution App may not do any of the following:

 

5.1. Change the appearance and/or content of websites
that are not owned by the publisher of the Approved Distribution App (unless otherwise approved by Google)

 

5.2. Create unpredictable network usage that has an adverse
impact on a user's service charges or an authorized carrier's network. Apps also may not knowingly violate an authorized carrier's
terms of service for allowed usage or any Google terms of service.

 

5.3. Send SMS, email, or other messages on behalf of
the user without providing the user with the ability to confirm content and intended recipient.

 

5.4. When posted in an Approved App Store, Approved Distribution
App should not:

 

5.4.1. Post repetitive content

 

5.4.2. Use irrelevant, misleading, or excessive keywords
in apps descriptions, titles, or metadata

 

5.4.3. Attempt to change the placement of any Product
in the Approved App Store, or manipulate any product ratings or reviews by unauthorized means such as fraudulent installs, paid
or fake reviews or ratings, or by offering incentives to rate products

 

5.5. Approved Distribution App may not facilitate the
distribution of software applications and games for use on devices outside of the Approved App Store.

 

6. Ad Policy: The policy below covers all ads that are
served in the Approved Distribution App.

 

6.1. Ads appearing within the Approved Distribution App
are considered part of the Approved Distribution App for purposes of content review and compliance with these Terms. Therefore,
all of the policies referenced above also apply to ads served in the Approved Distribution App.

 

    	 	 	37

     

    

 

6.2. Ads Context: Ads must not simulate or impersonate
the user interface of any app, or notification and warning elements of an operating system. It must be clear to the user which
app each ad is associated with or implemented in.

 

6.3. Ad Walls and Interstitial Ads: Interstitial ads
may only be displayed inside of the app they came with. Forcing the user to click on ads or submit personal information for advertising
purposes in order to fully use an app is prohibited. A prominent and accessible target must be made available to users in any interstitial
ad so they may dismiss the ad without penalty or inadvertent click-through.

 

6.4. Interfering with Apps and Third-party Ads: Ads associated
with your app must not interfere with other apps or their ads.

 

7. Application Removal: Approved Distribution App must
be easily removable and/or uninstallable through the customary removal method of the End User’s operating system.

 

    	 	 	38Exhibit 10.11

 

OPERA LIMITED

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS
AGREEMENT (this “Agreement”) is made as of ____________, 2018 among Opera Limited, a company established
in the Cayman Islands with its registered address at Maples Corporate Services Limited at P.O. Box 309, Ugland House, Grand Cayman,
KY1-1104, Cayman Islands (the “Company”), and each of the existing shareholders listed in Schedule 1
(collectively, the “Existing Shareholders”) Except as otherwise specified herein, all capitalized terms used
in this Agreement are defined in Exhibit A attached hereto.

 

In consideration of the
mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties to this Agreement hereby agree as follows:

 

Section 1     Demand
Registrations.

 

(a)          Requests
for Registration. At any time and from time to time, the Holders of at least twenty percent (20%) of the Registrable Securities
then outstanding (the “Demanding Holders”) may request registration under the Securities Act of all or any
portion of their Registrable Securities on Form F-1 or any similar long-form registration (“Long-Form Registrations”)
or on Form F-3 or any similar short-form registration (“Short-Form Registrations”), if available (any
such requested registration, a “Demand Registration”). The Demanding Holders may request that any Demand Registration
be made pursuant to Rule 415 under the Securities Act (a “Shelf Registration”) and (if the Company is a WKSI
at the time any such request is submitted to the Company) that such Shelf Registration be an automatic shelf registration statement
(as defined in Rule 405 under the Securities Act) (an “Automatic Shelf Registration Statement”). Each request
for a Demand Registration must specify the approximate number of Registrable Securities requested to be registered and (if known)
the intended method of distribution. The Demanding Holders will be entitled to request an unlimited number of Demand Registrations
in which the Company will pay all Registration Expenses, whether or not any such registration is consummated.

 

(b)          Notice
to Other Holders. Within ten days after receipt of any such request, the Company will give written notice of the Demand Registration
to all other Holders and, subject to the terms of Section 1(e), will include in such Demand Registration (and in all related
registrations and qualifications under state blue sky laws and in any related underwriting) all Registrable Securities with respect
to which the Company has received written requests for inclusion therein within ten days after the receipt of the Company’s
notice; provided that, with the consent of the Demanding Holders, the Company may instead provide notice of the Demand
Registration to all other Holders within three business days following the non-confidential filing of the registration statement
with respect to the Demand Registration so long as such registration statement is not an Automatic Shelf Registration Statement.

 

     

     

    

 

(c)          Form
of Registrations. All Long-Form Registrations will be underwritten registrations unless otherwise approved by the Majority
Holders. Demand Registrations will be Short-Form Registrations whenever the Company is permitted to use any applicable short form
and if the managing underwriters (if any) and the Demanding Holders agree to the use of a Short-Form Registration. After the Company
has become subject to the reporting requirements of the Exchange Act, the Company will use its reasonable best efforts to make
Short-Form Registrations available for the sale of Registrable Securities.

 

(d)          Shelf
Registrations.

 

(i)          For
so long as a registration statement for a Shelf Registration (a “Shelf Registration Statement”) is and remains
effective, any Existing Shareholder will have the right at any time or from time to time to elect to sell pursuant to an offering
(including an underwritten offering) Registrable Securities available for sale pursuant to such registration statement (“Shelf
Registrable Securities”), provided such registered offerings are not less than US$2,000,000. Any Existing Shareholder
may make such election by delivering to the Company a written notice (a “Shelf Offering Notice”) specifying
the number of Shelf Registrable Securities that the holders desire to sell pursuant to such offering (the “Shelf Offering”).
As promptly as practicable, but in no event later than two business days after receipt of a Shelf Offering Notice, the Company
will give written notice of such Shelf Offering Notice to all other Holders of Shelf Registrable Securities that have been identified
as selling stockholders in such Shelf Registration Statement and are otherwise permitted to sell in such Shelf Offering. The Company,
subject to Section 1(e) and Section 6, will include in such Shelf Offering all Shelf Registrable Securities with
respect to which the Company has received written requests for inclusion (which request will specify the maximum number of Shelf
Registrable Securities intended to be disposed of by such Holder) within seven days after the receipt of the Shelf Offering Notice.
The Company will, as expeditiously as possible (and in any event within 20 days after the receipt of a Shelf Offering Notice),
but subject to Section 1(e), use its reasonable best efforts to facilitate such Shelf Offering.

 

(ii)         The
Company will, at the request of any Existing Shareholder, file any prospectus supplement or any post-effective amendments and otherwise
take any action necessary to include therein all disclosure and language deemed necessary or advisable by such Existing Shareholder
to effect such Shelf Offering.

 

(e)          Restriction
on Demand Registration and Shelf Offering.

 

(i)          The
Company will not be obligated to effect any Demand Registration (x) if such demand was made within 180 days after the Company’s
initial public offering, (y) if the Company delivers notice to the Holders of the Registrable Securities within 30 days of any
Registration Demand of the Company’s intent to file a registration statement for such initial public offering within 90 days,
or (z) if there were more than two Demand Registrations and such registrations have been declared or ordered effective.

 

    	 	-2-	 

     

    

 

(ii)         The
Company may postpone, for up to 180 days from the date of the request (the “Suspension Period”), the filing
or the effectiveness of a registration statement for a Demand Registration or suspend the use of a prospectus that is part of a
Shelf Registration Statement (and therefore suspend sales of the Shelf Registrable Securities) by providing written notice to the
Holders if the Company determines that the offer or sale of Registrable Securities would reasonably be expected to have a material
adverse effect on any proposal or plan by the Company or any Subsidiary to engage in any material acquisition of assets or stock
(other than in the ordinary course of business) or any material merger, consolidation, tender offer, recapitalization, reorganization,
financing or other transaction involving the Company. The Company may delay or suspend the effectiveness of a Demand Registration
or Shelf Offering pursuant to this Section 1(e)(ii) only once in any twelve-month period.

 

(iii)        In
the case of an event that causes the Company to suspend the use of a Shelf Registration Statement as set forth in paragraph (f)(ii)
above (a “Suspension Event”), the Company will give a notice to the Holders whose Registrable Securities are
registered pursuant to such Shelf Registration Statement (a “Suspension Notice”) to suspend sales of the Registrable
Securities and such notice must state generally the basis for the notice and that such suspension will continue only for so long
as the Suspension Event or its effect is continuing. Each Holder agrees not to effect any sales of its Registrable Securities pursuant
to such Shelf Registration Statement (or such filings) at any time after it has received a Suspension Notice from the Company and
prior to receipt of an End of Suspension Notice. A Holder may recommence effecting sales of the Registrable Securities pursuant
to the Shelf Registration Statement (or such filings) following further written notice to such effect (an “End of Suspension
Notice”) from the Company, which End of Suspension Notice will be given by the Company to the Holders promptly following
the conclusion of any Suspension Event.

 

(iv)        Notwithstanding
any provision herein to the contrary, if the Company gives a Suspension Notice with respect to any Shelf Registration Statement
pursuant to this Section 1(e), the Company will extend the period of time during which such Shelf Registration Statement
will be maintained effective pursuant to this Agreement by the number of days during the period from the date of receipt by the
Holders of the Suspension Notice to and including the date of receipt by the Holders of the End of Suspension Notice and provide
copies of the supplemented or amended prospectus necessary to resume sales, with respect to each Suspension Event.

 

(f)          Selection
of Underwriters. The Demanding Holders will have the right to select the investment banker(s) and manager(s) to administer
any underwritten offering in connection with Demand Registration, subject to the Company’s approval, which will not be unreasonably
withheld, conditioned or delayed.

 

(g)          Other
Registration Rights. Except as provided in this Agreement, the Company will not grant to any Person(s) the right to request
the Company or any Subsidiary to register any equity securities of the Company or any Subsidiary, or any securities convertible
or exchangeable into or exercisable for such securities, without the prior written consent of the Demanding Holders.

 

    	 	-3-	 

     

    

 

(h)          Revocation
of Demand Notice or Shelf Offering Notice.  At any time prior to the effective date of the Registration Statement relating
to a Demand Registration or the “pricing” of any offering relating to a Shelf Offering Notice, the Majority Holders
may revoke such Demand Notice or Shelf Offering Notice on behalf of all Holders participating in such Demand Registration or Shelf
Offering without liability to such Holders, in each case by providing written notice to the Company.

 

(i)          Confidentiality.
Each Holder agrees to treat as confidential the receipt of any notice hereunder (including notice of a Demand Registration, a
Shelf Offering Notice and a Suspension Notice) and the information contained therein, and not to disclose or use the information
contained in any such notice (or the existence thereof) without the prior written consent of the Company until such time as the
information contained therein is or becomes available to the public generally (other than as a result of disclosure by such Holder
in breach of the terms of this Agreement).

 

Section 2    Piggyback
Registrations.

 

(a)          Right
to Piggyback. Whenever the Company proposes to register any of its equity securities under the Securities Act (including,
but not limited to, registration statements relating to secondary offering of the Company’s securities, any registration
pursuant to demand registration rights or Form F-3 registration right set forth in Section 1, but excluding registration
statements relating to any employee benefit plan, Rule 144 transaction or a corporate reorganization) (a “Piggyback Registration”),
the Company will give prompt written notice to all Holders of its intention to effect such Piggyback Registration and, subject
to the terms of Section 2(b) and Section 2(c), will include in such Piggyback Registration (and in all related registrations
or qualifications under blue sky laws and in any related underwriting) all Registrable Securities with respect to which the Company
has received written requests for inclusion therein within 20 days after delivery of the Company’s notice.

 

(b)          Priority
on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and
the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included
in such registration exceeds the number which can be sold in such offering without adversely affecting the marketability, proposed
offering price, timing or method of distribution of the offering, the Company will include in such registration (i) first,
the securities the Company proposes to sell, (ii) second, the Registrable Securities requested to be included in such registration
which, in the opinion of the underwriters, can be sold without any such adverse effect, pro rata among the Holders on the basis
of the number of Registrable Securities owned by each such Holder, and (iii) third, other securities requested to be included
in such registration which, in the opinion of the underwriters, can be sold without any such adverse effect.

 

(c)          Priority
on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders of
the Company’s equity securities (other than the Demanding Holders), and the managing underwriters advise the Company in
writing that in their opinion the number of securities requested to be included in such registration exceeds the number which
can be sold in such offering without adversely affecting the marketability, proposed offering price, timing or method of distribution
of the offering, the Company will include in such registration (i) first, the securities requested to be included therein
by the holders initially requesting such registration and the Registrable Securities requested to be included in such registration
which, in the opinion of the underwriters, can be sold without any such adverse effect, pro rata among the holders of such securities
on the basis of the number of securities owned by each such holder, and (ii) second, other securities requested to be included
in such registration which, in the opinion of the underwriters, can be sold without any such adverse effect.

 

    	 	-4-	 

     

    

 

(d)          Right
to Terminate Registration. The Company will have the right to terminate or withdraw any registration initiated by it under
this Section 2, whether or not any holder of Registrable Securities has elected to include securities in such registration.

 

(e)          Restriction
on Piggyback Registration

 

(i)          Any
Piggyback Registration is subject to the right of the Company and its underwriters to reduce the number of shares proposed to be
registered pro rata in view of market conditions. If any Holders are so limited, no party shall sell shares in such registration
other than the Company, invoking the Demand Registration.

 

(ii)         Unless
the registration is with respect to the Company’s initial public offering, in no event shall the shares to be sold by the
Holders be reduced below 30% of the total amount of shares included in such registration.

 

(iii)        No
shareholder of the Company shall be granted Piggyback Registration rights which would reduce the number of shares includable by
the Holders in such registration without the consent of the Demanding Holders.

 

Section 3    Stockholder
Lock-Up Agreements

 

In connection with any
underwritten Public Offering, each Holder will enter into any lock-up, holdback or similar agreements requested by the underwriter(s)
managing such offering, in each case with such modifications and exceptions as may be approved by the Majority Holders.

 

Section 4    Registration
Expenses.

 

All reasonable expenses
incurred in respect of the registration set forth in this Agreement (the “Registration Expenses”) shall be borne by
the Company, save for expenses related to underwriting, discounts and commissions.

 

    	 	-5-	 

     

    

 

Section 5    Indemnification
and Contribution.

 

(a)          By
the Company. The Company will indemnify and hold harmless, to the fullest extent permitted by law, each Holder, such Holder’s
officers, directors employees, agents and representatives, and each Person who controls such holder (within the meaning of the
Securities Act) (the “Indemnified Parties”) against all losses, claims, actions, damages, liabilities and expenses
(including with respect to actions or proceedings, whether commenced or threatened, and including reasonable attorney fees and
expenses) (collectively, “Losses”) caused by, resulting from, arising out of, based upon or related to any
of the following (each, a “Violation”) by the Company: (i) any untrue or alleged untrue statement of material
fact contained in (A) any registration statement, prospectus, preliminary prospectus or Free-Writing Prospectus, or any amendment
thereof or supplement thereto or (B) any application or other document or communication (in this Section 5, collectively
called an “application”) executed by or on behalf of the Company or based upon written information furnished
by or on behalf of the Company filed in any jurisdiction in order to qualify any securities covered by such registration under
the “blue sky” or securities laws thereof, (ii) any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein not misleading or (iii) any violation or alleged violation
by the Company of the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated
thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration,
qualification or compliance. In addition, the Company will reimburse such Indemnified Party for any legal or any other expenses
reasonably incurred by them in connection with investigating or defending any such Losses. Notwithstanding the foregoing, the
Company will not be liable in any such case to the extent that any such Losses result from, arise out of, are based upon, or relate
to an untrue statement or alleged untrue statement, or omission or alleged omission, made in such registration statement, any
such prospectus, preliminary prospectus or Free-Writing Prospectus or any amendment or supplement thereto, or in any application,
in reliance upon, and in conformity with, written information prepared and furnished in writing to the Company by such Indemnified
Party expressly for use therein or by such Indemnified Party’s failure to deliver a copy of the registration statement or
prospectus or any amendments or supplements thereto after the Company has furnished such Indemnified Party with a sufficient number
of copies of the same. In connection with an underwritten offering, the Company will indemnify such underwriters, their officers
and directors, and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as
provided above with respect to the indemnification of the Indemnified Parties.

 

(b)          By
Holders. In connection with any registration statement in which a Holder is participating, each such Holder will furnish to
the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such
registration statement or prospectus and, to the extent permitted by law, will indemnify the Company, its officers, directors,
employees, agents and representatives, and each Person who controls the Company (within the meaning of the Securities Act) against
any Losses resulting from (as determined by a final and appealable judgment, order or decree of a court of competent jurisdiction)
any untrue or alleged untrue statement of material fact contained in the registration statement, prospectus or preliminary prospectus
or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein
or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained
in any information or affidavit so furnished in writing by such Holder expressly for use therein; provided that the obligation
to indemnify will be individual, not joint and several, for each holder and will be limited to the net amount of proceeds received
by such Holder from the sale of Registrable Securities pursuant to such registration statement.

 

    	 	-6-	 

     

    

 

(c)          Claim
Procedure. Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying party
of any claim with respect to which it seeks indemnification (provided that the failure to give prompt notice will impair
any Person’s right to indemnification hereunder only to the extent such failure has prejudiced the indemnifying party) and
(ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying
parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel
reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party will not be subject to any
liability for any settlement made by the indemnified party without its consent (but such consent will not be unreasonably withheld,
conditioned or delayed). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not
be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with
respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such
indemnified party and any other of such indemnified parties with respect to such claim. In such instance, the conflicted indemnified
parties will have a right to retain one separate counsel, chosen by the Demanding Holders, at the expense of the indemnifying
party.

 

(d)          Contribution.
If the indemnification provided for in this Section 5 is held by a court of competent jurisdiction to be unavailable to,
or is insufficient to hold harmless, an indemnified party or is otherwise unenforceable with respect to any Loss referred to herein,
then such indemnifying party will contribute to the amounts paid or payable by such indemnified party as a result of such Loss,
(i) in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified
party on the other hand in connection with the statements or omissions which resulted in such Loss as well as any other relevant
equitable considerations or (ii) if the allocation provided by clause (i) of this Section 5(d) is not permitted by applicable
law, then in such proportion as is appropriate to reflect not only such relative fault but also the relative benefit of the Company
on the one hand and of the sellers of Registrable Securities and any other sellers participating in the registration statement
on the other in connection with the statement or omissions which resulted in such Losses, as well as any other relevant equitable
considerations; provided that the maximum amount of liability in respect of such contribution will be limited, in the case
of each seller of Registrable Securities, to an amount equal to the net proceeds actually received by such seller from the sale
of Registrable Securities effected pursuant to such registration. The relative fault of the indemnifying party and of the indemnified
party will be determined by reference to, among other things, whether the untrue (or, as applicable alleged) untrue statement
of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the
indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The parties hereto agree that it would not be just or equitable if the contribution pursuant to this
Section 5(d) were to be determined by pro rata allocation or by any other method of allocation that does not take into
account such equitable considerations. The amount paid or payable by an indemnified party as a result of the Losses referred to
herein will be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending against any action or claim which is the subject hereof. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any Person who is not guilty
of such fraudulent misrepresentation.

 

(e)          Release.
No indemnifying party will, except with the consent of the indemnified party, consent to the entry of any judgment or enter into
any settlement that does not include as an unconditional term thereof giving by the claimant or plaintiff to such indemnified
party of a release from all liability in respect to such claim or litigation.

 

    	 	-7-	 

     

    

 

(f)          Non-exclusive
Remedy; Survival. The indemnification and contribution provided for under this Agreement will be in addition to any other
rights to indemnification or contribution that any indemnified party may have pursuant to law or contract and will remain in full
force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director or controlling
Person of such indemnified party and will survive the transfer of Registrable Securities and the termination or expiration of
this Agreement.

 

Section 6      Cooperation
with Underwritten Offerings. No Person may participate in any underwritten registration hereunder unless such Person (i) agrees
to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Person or Persons
entitled hereunder to approve such arrangements (including, without limitation, pursuant to the terms of any over-allotment or
“green shoe” option requested by the underwriters; provided that no Holder will be required to sell more than
the number of Registrable Securities such Holder has requested to include in such registration) and (ii) completes, executes and
delivers all questionnaires, powers of attorney, custody agreements, indemnities, underwriting agreements and other documents
and agreements required under the terms of such underwriting arrangements or as may be reasonably requested by the Company and
the lead managing underwriter(s). To the extent that any such agreement is entered into pursuant to, and consistent with, Section
3, and/or this Section 6, the respective rights and obligations created under such agreement will supersede the respective
rights and obligations of the Holders, the Company and the underwriters created thereby with respect to such registration.

 

Section 7     General
Provisions.

 

(a)          Amendments
and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended, modified or waived only
with the prior written consent of the Company and the Majority Holders. The failure or delay of any Person to enforce any
of the provisions of this Agreement will in no way be construed as a waiver of such provisions and will not affect the right of
such Person thereafter to enforce each and every provision of this Agreement in accordance with its terms. A waiver or consent
to or of any breach or default by any Person in the performance by that Person of his, her or its obligations under this Agreement
will not be deemed to be a consent or waiver to or of any other breach or default in the performance by that Person of the same
or any other obligations of that Person under this Agreement.

 

    	 	-8-	 

     

    

 

(b)          Remedies.
The parties to this Agreement will be entitled to enforce their rights under this Agreement specifically (without posting a bond
or other security), to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other
rights existing in their favor. The parties hereto agree and acknowledge that a breach of this Agreement would cause irreparable
harm and money damages would not be an adequate remedy for any such breach and that, in addition to any other rights and remedies
existing hereunder, any party will be entitled to specific performance and/or other injunctive relief from any court of law or
equity of competent jurisdiction (without posting any bond or other security) in order to enforce or prevent violation of the
provisions of this Agreement.

 

(c)          Severability.
Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited, invalid, illegal or unenforceable in any respect under any
applicable law or regulation in any jurisdiction, such prohibition, invalidity, illegality or unenforceability will not affect
the validity, legality or enforceability of any other provision of this Agreement in such jurisdiction or in any other jurisdiction,
but this Agreement will be reformed, construed and enforced in such jurisdiction as if such prohibited, invalid, illegal or unenforceable
provision had never been contained herein.

 

(d)          Entire
Agreement. Except as otherwise provided herein, this Agreement contains the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations
by or among the parties hereto, written or oral, which may have related to the subject matter hereof in any way.

 

(e)          Successors
and Assigns. Except as otherwise provided herein, this Agreement will bind and inure to the benefit and be enforceable by
the Company and its successors and permitted assigns and the Holders and their respective successors and permitted assigns (whether
so expressed or not).

 

(f)          Notices.
Any notice, demand or other communication to be given under or by reason of the provisions of this Agreement will be in writing
and will be deemed to have been given (i) when delivered personally to the recipient, (ii) when sent by confirmed electronic
mail or facsimile if sent during normal business hours of the recipient; but if not, then on the next Business Day, (iii) one
Business Day after it is sent to the recipient by reputable overnight courier service (charges prepaid) or (iv) three Business
Days after it is mailed to the recipient by first class mail, return receipt requested. Such notices, demands and other communications
will be sent to the Company at the address specified on the signature page hereto and to any holder, or at such address or to
the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Any party
may change such party’s address for receipt of notice by giving prior written notice of the change to the sending party
as provided herein. The Company’s address is:

 

Opera Limited 

Gjerdrums vei 19, 0484 Oslo, Norway

Attn: Group Chief Financial Officer, Frode Fleten Jacobsen

 

With a copy to:

 

Kirkland & Ellis International LLP

26th Floor, Gloucester Tower, The Landmark

15 Queen’s Road Central, Hong Kong

Attn: David T. Zhang, Esq.

 

    	 	-9-	 

     

    

 

or to such other address or to the attention
of such other person as the recipient party has specified by prior written notice to the sending party.

 

(g)          Business
Days. If any time period for giving notice or taking action hereunder expires on a day that is not a Business Day, the time
period will automatically be extended to the Business Day immediately following such Saturday, Sunday or legal holiday.

 

(h)          Governing
Law. The corporate law of the State of New York will govern all issues and questions concerning the relative rights of the
Company and its equity holders. All other issues and questions concerning the construction, validity, interpretation and enforcement
of this Agreement and the exhibits and schedules hereto will be governed by, and construed in accordance with, the laws of Cayman
Islands, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or
any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of New York.

 

(i)          MUTUAL
WAIVER OF JURY TRIAL. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT
(AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT
OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY.

 

(j)          CONSENT
TO JURISDICTION AND SERVICE OF PROCESS. EACH OF THE PARTIES IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF THE UNITED
STATES DISTRICT COURT FOR THE DISTRICT OF NEW YOK, FOR THE PURPOSES OF ANY SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS
AGREEMENT, ANY RELATED AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO FURTHER AGREES
THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY U.S. REGISTERED MAIL TO SUCH PARTY’S RESPECTIVE ADDRESS SET
FORTH ABOVE WILL BE EFFECTIVE SERVICE OF PROCESS FOR ANY ACTION, SUIT OR PROCEEDING WITH RESPECT TO ANY MATTERS TO WHICH IT HAS
SUBMITTED TO JURISDICTION IN THIS PARAGRAPH. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION TO
THE LAYING OF VENUE OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT, ANY RELATED DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE, AND HEREBY AND THEREBY FURTHER
IRREVOCABLY AND UNCONDITIONALLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION, SUIT OR PROCEEDING
BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

    	 	-10-	 

     

    

 

(k)          No
Recourse. Notwithstanding anything to the contrary in this Agreement, the Company and each Holder agrees and acknowledges
that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement, will be had
against any current or future director, officer, employee, general or limited partner or member of any Holder or any Affiliate
or assignee thereof, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any
statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever
will attach to, be imposed on or otherwise be incurred by any current or future officer, agent or employee of any Holder or any
current or future member of any Holder or any current or future director, officer, employee, partner or member of any Holder or
of any Affiliate or assignee thereof, as such for any obligation of any Holder under this Agreement or any documents or instruments
delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation.

 

(l)          Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute
a part of this Agreement. The use of the word “including” in this Agreement will be by way of example rather than
by limitation.

 

(m)          No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties hereto to
express their mutual intent, and no rule of strict construction will be applied against any party.

 

(n)          Counterparts.
This Agreement may be executed in multiple counterparts, any one of which need not contain the signature of more than one party,
but all such counterparts taken together will constitute one and the same agreement.

 

(o)          Electronic
Delivery. This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection
herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent executed and delivered
by means of a photographic, photostatic, facsimile or similar reproduction of such signed writing using a facsimile machine or
electronic mail will be treated in all manner and respects as an original agreement or instrument and will be considered to have
the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party
hereto or to any such agreement or instrument, each other party hereto or thereto will re-execute original forms thereof and deliver
them to all other parties. No party hereto or to any such agreement or instrument will raise the use of a facsimile machine or
electronic mail to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated
through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability of a contract and each
such party forever waives any such defense.

 

(p)          Further
Assurances. In connection with this Agreement and the transactions contemplated hereby, each Holder agrees to execute and
deliver any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate
and perform the provisions of this Agreement and the transactions contemplated hereby.

 

    	 	-11-	 

     

    

 

(q)          Dividends,
Recapitalizations, Etc. If at any time or from time to time there is any change in the capital structure of the Company by
way of a stock split, stock dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization,
or by any other means, appropriate adjustment will be made in the provisions hereof so that the rights and privileges granted
hereby will continue.

 

(r)          No
Third-Party Beneficiaries. No term or provision of this Agreement is intended to be, or shall be, for the benefit of any Person
not a party hereto, and no such other Person shall have any right or cause of action hereunder, except as otherwise expressly
provided herein.

 

* * * * *

 

    	 	-12-	 

     

    

 

IN WITNESS WHEREOF, the parties have executed,
or have caused their respective duly authorized representatives to execute, this Registration Rights Agreement as of the date first
written above, and agree to comply with it.

 

	By:	 	OPERA LIMITED	 
	 	 	 	 
	 	 	 
	By:	 	
	

	 	 	
	

	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 

 

[Signature page to Registration Rights
Agreement]

 

     

     

    

 

	By:	 	KUNLUN TECH LIMITED	 
	 	 	 
	By:	 	 	

	 	 	
	

	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 

 

[Signature page to Registration Rights
Agreement]

 

     

     

    

 

	By:	 	KEENEYES FUTURE HOLDING INC.	 
	 	 	 
	By:	 	
	

	 	 	
	

	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 

 

[Signature page to Registration Rights
Agreement]

 

     

     

    

 

	By:	 	QIFEI INTERNATIONAL DEVELOPMENT CO. LIMITED	 
	 	 	 
	By:	 	
	

	 	 	
	

	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 

 

[Signature page to Registration Rights
Agreement]

 

     

     

    

 

	By:	 	GOLDEN BRICK CAPITAL PRIVATE EQUITY FUND I L.P.	 
	 	 	 
	By:	 	
	

	 	 	
	

	 	 	Name:	 
	 	 	 	 
	 	 	Title:	 

 

[Signature page to Registration Rights
Agreement]

 

     

     

    

 

EXHIBIT A

 

DEFINITIONS

 

Capitalized terms used
in this Agreement have the meanings set forth below.

 

“Affiliate”
of any Person means any other Person controlled by, controlling or under common control with such Person and, in the case of an
individual, also includes any member of such individual’s Family Group; provided that the Company and its Subsidiaries
will not be deemed to be Affiliates of any holder of Registrable Securities. As used in this definition, “control”
(including, with its correlative meanings, “controlling,” “controlled by” and “under common control
with”) will mean possession, directly or indirectly, of power to direct or cause the direction of management or policies
(whether through ownership of securities, by contract or otherwise).

 

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

 

“Automatic Shelf
Registration Statement” has the meaning set forth in Section 1(a).

 

“Company”
has the meaning set forth in the preamble and shall include its successor(s).

 

“Demand Registrations”
has the meaning set forth in Section 1(a).

 

“Demanding Holders”
has the meaning set forth in Section 1(a).

 

“End of Suspension
Notice” has the meaning set forth in Section 1(e)(iii).

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended from time to time, or any successor federal law then in force, together with
all rules and regulations promulgated thereunder.

 

“Family Group”
means with respect to any individual, such individual’s current or former spouse, their respective parents, descendants of
such parents (whether natural or adopted) and the spouses of such descendants, any any trust, limited partnership, corporation
or limited liability company established solely for the benefit of such individual or such individual’s current or former
spouse, their respective parents, descendants of such parents (whether natural or adopted) or the spouses of such descendants.

 

“Free Writing
Prospectus” means a free-writing prospectus, as defined in Rule 405.

 

“Holder”
means a holder of Registrable Securities who is a party to this Agreement.

 

“Indemnified
Parties” has the meaning set forth in Section 5(a).

 

    	 	A-1	 

     

    

 

“Existing Shareholders”
has the meaning set forth in the recitals.

 

“Existing Shareholder
Registrable Securities” means any Ordinary Shares issued and outstanding as of the date of this Agreement.

 

“Long-Form Registrations”
has the meaning set forth in Section 1(a).

 

“Losses”
has the meaning set forth in Section 5(c).

 

“Majority Holders”
means the holders of a majority of the Registrable Securities.

 

“Ordinary Shares”
means an ordinary share with the nominal or par value of US$0.0001 each in the capital of the Company.

 

“Person”
means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

“Piggyback Registrations”
has the meaning set forth in Section 2(a).

 

“Public Offering”
means any sale or distribution by the Company, one of its Subsidiaries and/or Holders to the public of Ordinary Shares or other
securities convertible into or exchangeable for Ordinary Shares pursuant to an offering registered under the Securities Act.

 

“Registrable
Securities” means Existing Shareholder Registrable Securities. As to any particular Registrable Securities, such securities
will cease to be Registrable Securities when they have been (a) sold or distributed pursuant to a Public Offering, (b) sold
in compliance with Rule 144 following the consummation of the Company’s initial Public Offering, or (c) repurchased by the
Company or a Subsidiary of the Company. For purposes of this Agreement, a Person will be deemed to be a holder of Registrable Securities,
and the Registrable Securities will be deemed to be in existence, whenever such Person has the right to acquire, directly or indirectly,
such Registrable Securities (upon exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions
or limitations upon the exercise of such right), whether or not such acquisition has actually been effected, and such Person will
be entitled to exercise the rights of a holder of Registrable Securities hereunder (it being understood that a holder of Registrable
Securities may only request that Registrable Securities in the form of Ordinary Shares be registered pursuant to this Agreement).

 

“Registration
Expenses” has the meaning set forth in Section 4.

 

“Rule 144”,
“Rule 158”, “Rule 405”, “Rule 415”, “Rule 403B” and
“Rule 462” mean, in each case, such rule promulgated under the Securities Act (or any successor provision) by
the SEC, as the same will be amended from time to time, or any successor rule then in force.

 

“SEC”
means the United States Securities and Exchange Commission.

 

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“Securities
Act” means the Securities Act of 1933, as amended from time to time, or any successor federal law then in force, together
with all rules and regulations promulgated thereunder.

 

“Shelf Offering”
has the meaning set forth in Section 1(d)(i).

 

“Shelf Offering
Notice” has the meaning set forth in Section 1(d)(i).

 

“Shelf Registration”
has the meaning set forth in Section 1(a).

 

“Shelf Registrable
Securities” has the meaning set forth in Section 1(d)(i).

 

“Shelf Registration
Statement” has the meaning set forth in Section 1(d).

 

“Short-Form
Registrations” has the meaning set forth in Section 1(a).

 

“Subsidiary”
means, with respect to the Company, any corporation, limited liability company, partnership, association or other business entity
of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly
or indirectly, by the Company or one or more of the other Subsidiaries of the Company or a combination thereof, or (ii) if a limited
liability company, partnership, association or other business entity, a majority of the limited liability company, partnership
or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by the Company or one or
more Subsidiaries of the Company or a combination thereof. For purposes hereof, a Person or Persons will be deemed to have a majority
ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons
will be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or
will be or control the managing director or general partner of such limited liability company, partnership, association or other
business entity.

 

“Suspension
Event” has the meaning set forth in Section 1(e)(iii).

 

“Suspension
Notice” has the meaning set forth in Section 1(e)(iii).

 

“Suspension
Period” has the meaning set forth in Section 1(e)(ii).

 

“Violation”
has the meaning set forth in Section 5(a).

 

“WKSI”
means a “well-known seasoned issuer” as defined under Rule 405.

 

    	 	A-3	 

     

    

 

Schedule
1

 

Kunlun Tech Limited

 

Keeneyes Future Holding Inc.

 

Qifei International Development Co. Limited

 

Golden Brick Capital Private Equity Fund I
L.P.

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