Document:

EX-10.30

 Exhibit 10.30 
 PATENT SALE AGREEMENT 
 between 

EASTMAN KODAK COMPANY 
 and 
 INTELLECTUAL VENTURES FUND 83 LLC 

dated as of December 18, 2012 

 TABLE OF CONTENTS 

 

					
		 	ARTICLE I	  	
		 	DEFINITIONS	  	
			
	Section 1.1	 	Certain Definitions	  	2
	Section 1.2	 	Interpretation	  	13
			
		 	ARTICLE II	  	
		 	ASSIGNMENT AND ASSUMPTION	  	
			
	Section 2.1	 	Assignment	  	13
	Section 2.2	 	Assumption of Obligations and Liabilities	  	14
	Section 2.3	 	No Assignment of Contracts or Kodak Retained Rights	  	15
	Section 2.4	 	Excluded Liabilities	  	15
			
		 	ARTICLE III	  	
		 	PURCHASE PRICE; CLOSING	  	
			
	Section 3.1	 	Purchase Price	  	15
	Section 3.2	 	Deposit	  	16
	Section 3.3	 	Closing; Closing Deliveries	  	16
			
		 	ARTICLE IV	  	
		 	REPRESENTATIONS AND WARRANTIES	  	
			
	Section 4.1	 	Kodak’s Representations and Warranties	  	19
	Section 4.2	 	Buyer’s Representations and Warranties	  	22
	Section 4.3	 	Buyer Experience	  	24
	Section 4.4	 	No Other Representations or Warranties	  	24
			
		 	ARTICLE V	  	
		 	CERTAIN COVENANTS	  	
			
	Section 5.1	 	Bankruptcy Court Approval	  	25
	Section 5.2	 	Pre-Closing Access	  	25
	Section 5.3	 	Conduct of Business	  	26
	Section 5.4	 	Commercially Reasonable Efforts; Further Assurances	  	26
	Section 5.5	 	Certain Regulatory Matters	  	28
	Section 5.6	 	Intercompany Agreements	  	30
	Section 5.7	 	Ancillary Agreements	  	30
	Section 5.8	 	Taxes and Other Fees	  	31
	Section 5.9	 	Confidentiality	  	32
	Section 5.10	 	Public Disclosure	  	34
	Section 5.11	 	Non-Solicitation	  	34
	Section 5.12	 	Actions Under Assigned Patents Following Closing	  	35
	Section 5.13	 	Exclusivity; No Solicitation of Transaction	  	35
	Section 5.14	 	Retained Patents and Bidco DC/KISS Patent License Agreements	  	35
	Section 5.15	 	Waiver and Release	  	36
	Section 5.16	 	Expense Adjustment	  	36
	Section 5.17	 	Grant of Bidco DC/KISS Licenses Following an Alternate Transaction Event	  	37

  
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		 	ARTICLE VI	  	
		 	CONDITIONS TO CLOSING	  	
			
	Section 6.1	 	Condition to the Obligations of Buyer and Kodak	  	37
	Section 6.2	 	Further Conditions to the Obligation of Buyer	  	38
	Section 6.3	 	Further Conditions to the Obligation of Kodak	  	38
			
		 	ARTICLE VII	  	
		 	TERMINATION	  	
			
	Section 7.1	 	Termination	  	39
	Section 7.2	 	Effect of Termination	  	41
			
		 	ARTICLE VIII	  	
		 	GENERAL PROVISIONS	  	
			
	Section 8.1	 	Notices	  	41
	Section 8.2	 	Amendment; Waiver	  	42
	Section 8.3	 	Assignment	  	42
	Section 8.4	 	Survival	  	43
	Section 8.5	 	Indemnification	  	44
	Section 8.6	 	Reliance	  	44
	Section 8.7	 	Remedies; Injunctive Relief; No Recourse	  	44
	Section 8.8	 	Expenses	  	45
	Section 8.9	 	Schedules	  	46
	Section 8.10	 	Governing Law	  	46
	Section 8.11	 	No Presumption	  	47
	Section 8.12	 	No Set-off, Deduction or Counterclaim	  	47
	Section 8.13	 	Severability	  	47
	Section 8.14	 	Bulk Sales Law	  	47
	Section 8.15	 	No Third Party Beneficiaries	  	47
	Section 8.16	 	Entire Agreement	  	47
	Section 8.17	 	Headings	  	48
	Section 8.18	 	Counterparts; Electronic Signatures	  	48

  
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 No table of contents entries found. 

  
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 PATENT SALE AGREEMENT 

THIS PATENT SALE AGREEMENT (this “Agreement”) is made as of December 18, 2012, by and between
EASTMAN KODAK COMPANY, a New Jersey corporation having its principal place of business at 343 State Street, Rochester, New York 14650 (as debtor-in-possession in the Bankruptcy
Cases, “Kodak”), and Intellectual Ventures Fund 83 LLC, a Delaware limited liability company having its principal place of business at 7251 W Lake Mead Blvd, Ste 300, Las Vegas, Nevada 89128 (“Buyer”
and, together with Kodak, the “Parties” and each, a “Party”). 
 RECITALS

 WHEREAS, on January 19, 2012 (the “Petition Date”),
Kodak and its affiliated debtors-in-possession filed petitions under Chapter 11 of the U.S. Bankruptcy Code, 11 U.S.C. §§ 101 et seq. (as in effect on the date hereof and as may be amended from time to time, the
“Bankruptcy Code”) in the U.S. Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), commencing their Chapter 11 bankruptcy cases (the “Bankruptcy
Cases”); and 
 WHEREAS, on July 5, 2012, the Bankruptcy Court entered an order (the
“Conditional Sale Order”), among other things, authorizing Kodak and its affiliated debtors-in-possession to sell the Assigned Assets, free and clear of Claims and Interests (except for and subject to “Permitted
Encumbrances” as defined in the Conditional Sale Order), subject to the Bankruptcy Court’s entry of the Final Sale Order; and 
 WHEREAS, on July 30, 2012, the Bankruptcy Court entered an Order Clarifying Conditional Sale Order With Respect to Good Faith Deposits In Connection With The Sale
Of Patent Assets (the “Clarifying Order”), among other things, clarifying the bidding and deposit procedures set forth in the Conditional Sale Order; and 

WHEREAS, Kodak owns certain Patents that Kodak desires to sell to Buyer and Buyer desires to purchase from Kodak
pursuant to Section 363 of the Bankruptcy Code, in accordance with and subject to the terms and conditions of the Conditional Sale Order, the Clarifying Order and the Final Sale Order, and Kodak and Buyer desire to enter into such other
agreements as are set forth herein; and 
 WHEREAS, simultaneously with the execution and
delivery of this Agreement, (i) Kodak and certain of the Licensees have entered into certain acknowledgements and agreements with respect to the ITC Proceedings and (ii) Kodak, FlashPoint Technology, Inc.
(“FlashPoint”) and the other parties thereto have entered into the FlashPoint Agreements; 

WHEREAS, each Reviewing Creditor has notified Kodak and Buyer in writing or by email that
(i) it does not object to Kodak (x) executing and delivering this Agreement and each Ancillary Agreement (each in the form presented to such Reviewing Creditor), (y) performing its obligations under this Agreement and under each
Ancillary Agreement, or (z) consummating the transactions contemplated under this Agreement in accordance with the terms of this Agreement; and 

 WHEREAS, Kodak and Buyer acknowledge and agree that the
purchase of the Patents by Buyer and the entry by Kodak and Buyer into this Agreement and the performance of the obligations hereunder and the consummation of the transactions described herein by Kodak and Buyer are and have been at arm’s
length and in good faith. 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I

 DEFINITIONS 
 Section 1.1 Certain Definitions. In addition to any other terms defined herein, the following terms will have the following meanings when used in this Agreement: 

“Action” means any litigation, action, claim, suit, charge, binding arbitration, or other legal, administrative or
judicial proceeding or investigation, including intellectual property litigation (including infringement, indemnification, and declaratory judgment actions). 
 “Administrative Expense” means an expense of administration in the Bankruptcy Cases of the type described in section 503(b) of the Bankruptcy Code and with the priority described
in section 507(a)(2) of the Bankruptcy Code. 
 “Affiliate” means, with respect to any Person, any other
Person that Controls, is Controlled by, or is under common Control with, such Person at any time during the period for which the determination of affiliation is being made; provided, however, that in each case such Person will be
deemed an Affiliate only so long as such Control exists. 
 “Aggregate Transaction Value” means the sum
of the License Fees plus the Closing Amount. 
 “Agreement” has the meaning set forth in the preamble.

 “Alternative Transaction” means the sale, transfer or other disposition, directly or indirectly, of
ownership of any substantial portion of the Assigned Assets, in a transaction or series of transactions with one or more Third Parties. 
 “Ancillary Agreements” has the meaning specified in Section 5.7. 
 “Antitrust Laws” means any antitrust, competition or trade regulatory Laws of any Governmental Entity, including the HSR Act. 

“Apple Disputed Patents” has the meaning set forth in the definition of Permitted Encumbrances. 

“Assigned Assets” has the meaning set forth in Section 2.1(b). 

“Assigned Patents” means 

  
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 (a) those patents and patent applications listed on Schedule 1.1(a) (all such patents
and patent applications, collectively, “Scheduled Patents”); 
 (b) national (of any country of origin)
and regional patents or patent applications (i) to which any of the Scheduled Patents claims priority (directly or indirectly), (ii) for which any of the Scheduled Patents forms a basis for priority (directly or indirectly),
(iii) with respect to which a terminal disclaimer has been filed referencing any of the Scheduled Patents; (iv) that are referred to in any terminal disclaimer filed with respect to any of the Scheduled Patents; 

(c) reissues, reexaminations, continuations, continuations in part (only with respect to subject matter disclosed in the Scheduled
Patents), divisionals, requests for continuing examinations or continuing prosecution applications, or design registrations of any item in any of the foregoing categories (a) and (b); 

(d) national (of any country of origin) and regional counterparts of any item in any of the foregoing categories (a) through (c),
including certificates of invention, design registrations and utility models; and 
 (e) all inventions claimed in any of the
items in clauses (a) through (d); 
 (f) all rights provided by treaties or conventions for any item in any of the
foregoing categories (a) through (e). 
 Notwithstanding the foregoing, “Assigned Patents” does not include the
patents set forth on Schedule 1.1(g). 
 “Assigned Royalty Streams” means all rights of Kodak to
receive royalties, license fees or other payments accruing or arising after the Closing with respect to (i) the license of Patents by Kodak to Third Parties pursuant to those agreements listed on Schedule 1.1(b), and (ii) any
renewal, extension, modification, or amendment of any release, license, immunity, covenant not to assert or similar right granted with respect to an Assigned Patent in a Scheduled Agreement, in the case of each of (i) and (ii) as well as
all rights of Kodak to enforce such royalty or license fee obligations; provided, however, that “Assigned Royalty Streams” will not include any royalties, license fees or other payments that accrue or arise (or that may have
accrued or arisen) under (i) any such agreements listed on Schedule 1.1(b) to the extent resulting from the licensee’s sales of products or services, or breaches of such agreements related to a licensee’s sales of products or
services prior to January 1, 2013 if Closing occurs before December 31, 2012 or prior April 1, 2013 if Closing occurs after December 31, 2012, or (ii) any Scheduled Agreement, other than any such agreement listed on
Schedule 1.1(b), that is rejected by Kodak, which Kodak will be free to do at its sole discretion and without incurring any obligation to Buyer or its Designee (if applicable). 

“Assumed Liabilities” has the meaning set forth in Section 2.2. 

“Assumption Agreement” has the meaning set forth in Section 3.3(a)(v). 

“Bankruptcy Cases” has the meaning set forth in the Recitals. 

  
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 “Bankruptcy Code” has the meaning set forth in the Recitals.

 “Bankruptcy Court” has the meaning set forth in the Recitals. 

“Bankruptcy Rules” means the United States Federal Rules of Bankruptcy Procedure and the Local Bankruptcy Rules
for the U.S. Bankruptcy Court for the Southern District of New York. 
 “Bid Account” has the meaning
set forth in the Clarifying Order. 
 “Bidco DC/KISS Patent License Agreement” has the meaning set forth
in Section 3.3(a)(vii). 
 “Business Day” means a day on which the banks are opened for
business (Saturdays, Sundays, statutory and civic holidays excluded) in New York, New York, United States. 

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

“Buyer Confidential Information” has the meaning set forth in Section 5.9(b). 

“Buyer Non-Disclosure Agreement” has the meaning set forth in Section 5.2. 

“Case Management Procedures” has the meaning set forth in the Conditional Sale Order. 

“Claim” has the meaning ascribed to the term “claim” in Section 101(5) of the Bankruptcy Code.

 “Clarifying Order” has the meaning set forth in the Recitals. 

“Closing” means the consummation of the Transaction. 

“Closing Amount” has the meaning set forth in Section 3.1. 

“Closing Date” means the date on which the Closing of the Transaction is consummated. 

“Common Interest Agreement” means an agreement, in a form to be mutually agreed reasonably and in good faith
following the date hereof and prior to the Closing Date, by and among the Parties, to be dated and effective as of the Closing Date, providing for the common interest privilege to attach, to the maximum extent permitted by applicable Law, to any
privileged Patent Documents or other privileged documents to be acquired by Buyer and/or Buyer’s Designee (as applicable) pursuant to this Agreement (it being understood that such Common Interest Agreement shall not diminish, terminate or
otherwise affect any attorney-client privilege, protection pursuant to the work product doctrine or other privilege or protection of any Party with respect to any such documents). 

“Conditional Sale Order” has the meaning set forth in the Recitals. 

  
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 “Contract” means any written contract, license, lease or other
agreement. 
 “Control” (and all of its correlative meanings) of an entity means ownership or control,
direct or indirect, of (a) more than fifty percent (50%) of the then-outstanding shares or securities of such entity (representing the right to vote generally for the election of directors or other managing authority), (b) if such
entity does not have outstanding shares or securities (representing the right to vote generally for the election of directors or other managing authority), more than fifty percent (50%) of the then-outstanding ownership interests representing
the right to make the decisions for such entity, or (c) the power to appoint a majority of directors or other management authority of such entity or otherwise effectively direct the affairs of the entity, whether by agreement, ownership of
shares, securities or equity interests or otherwise. 
 “Deposit” has the meaning set forth in
Section 3.2(a). 
 “Designee” has the meaning set forth in Section 8.3.

 “Designee Confidential Information” has the meaning set forth in Section 5.9(c).

 “Designee Non-Disclosure Agreement” has the meaning set forth in Section 5.2. 

“DIP Facility” means Kodak’s post-petition debtor-in-possession financing facility provided pursuant to the
Debtor-in-Possession Credit Agreement, dated as of January 20, 2012, as it may be amended, supplemented, modified or replaced from time to time. 
 “Disclosure Schedule” means the disclosure schedule delivered to Buyer by Kodak and dated as of the date of this Agreement, as amended or modified pursuant to
Section 8.9. 
 “Distribution Notice” means the distribution notice substantially in the
form attached to the Escrow Agreement as Exhibit 1.3, authorizing the disbursement of the Deposit to Kodak. 

“Electronic Data Room” means the BMC Group electronic data site entitled “Komodo”. 

“Escrow Account” has the meaning set forth in the Clarifying Order. 

“Escrow Agreement” means the Escrow Agreement, dated as of the date hereof, by and between Kodak, Buyer and The
Bank of New York Mellon, attached hereto as Annex II. 
 “Excluded Expenses” means reasonable and
documented out of pocket costs and expenses, including attorneys’ and advisors’ fees and expenses, incurred in complying with or responding to (a) the HSR Act or other national merger control regime; (b) the Exon-Florio Amendment
or other similar national security laws and/or (c) a subpoena, civil investigative demand, or other compulsory process, or any request for voluntary production of information, testimony, or documents in lieu of a compulsory process issued by
(x) the Federal Trade Commission, Antitrust Division of the Department of Justice, European Commission, or other 

  
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national competition authority or (y) the Committee on Foreign Investment in the United States or any other national security agency. 

“Excluded Liabilities” means any and all liabilities or obligations of Kodak related to the Assigned Assets and
any other obligations, liabilities or Interests related to the Assigned Assets for any period prior to Closing, in each case which are not Assumed Liabilities (including those items specifically described in Section 2.2). 

“Exon-Florio Amendment” means Section 721 of Title VII of the Defense Production Act of 1950, as amended by
the Omnibus Trade and Competitiveness Act of 1988. 
 “Expense Adjustment Amount” means (i) the
amount, up to Five Million US Dollars ($5,000,000) by which the Expenses are greater than Five Million US Dollars ($5,000,000), or (ii) the amount by which the Expenses are less than Five Million US Dollars ($5,000,000); provided that
(x) any amount which is calculated pursuant to clause (i) above shall be deemed to be a negative number, and (y) in no event shall an Expense Adjustment Amount calculated pursuant to clause (i) or (ii) be greater than Five
Million US Dollars ($5,000,000). 
 “Expenses” means all reasonable and documented out of pocket costs
and expenses related to attorneys’ fees, court fees, witnesses and experts which, in the aggregate, are in excess of Fifty Thousand US Dollars ($50,000), incurred by Buyer after the date hereof and prior to Closing in connection with a
Transaction Challenge, provided that Expenses shall in no event include (i) Excluded Expenses, (ii) fees for Buyer’s advisors other than attorneys’ fees and related disbursements, (iii) expenses to the extent related
to any inquiry from, or dispute with, a Tax authority, or (iv) any costs or expenses incurred by (x) any Licensee or its Affiliates, (y) Buyer’s Designee or its Affiliates (if applicable) or (z) Buyer in connection with any
agreement by Buyer to reimburse any Licensee, Buyer’s Designee (if applicable) or any other Person. 
 “Final
Order” means any order or judgment which has not been reversed, vacated, or stayed, and as to which (a) the time to appeal, petition for certiorari, or move for a new trial, reargument, or rehearing has expired, and as to which no
appeal, petition for certiorari, or other proceedings for a new trial, reargument, or rehearing shall then be pending, or (b) if an appeal, writ of certiorari, new trial, reargument, or rehearing thereof has been sought, such order or judgment
shall have been affirmed by the highest court to which such order was appealed, or certiorari shall have been denied, or a new trial, reargument, or rehearing shall have been denied or resulted in no modification of such order, and the time to take
any further appeal, petition for certiorari or move for a new trial, reargument, or rehearing shall have expired; provided, however, that the possibility that a motion under Rule 59 or Rule 60 of the Federal Rules of Civil
Procedure, or any analogous rule under the Bankruptcy Rules, may be filed relating to such order shall not cause such order to not be a Final Order. 
 “Final Sale Hearing” has the meaning set forth in the Conditional Sale Order. 
 “Final Sale Order” means an order of the Bankruptcy Court that includes the express (x) findings of fact set forth in paragraphs O, P, R, Y, FF, II, JJ and KK set forth in the
form attached as Annex I hereto and (y) authorizations and orders set forth in paragraphs 4, 8, 10, 13, 14, 23, 25, and 26 set forth in the form attached as Annex I hereto (in the case of each of
(x)

  
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and (y), with only those modifications as may be acceptable (a) to Buyer and (b) if the proposed modifications adversely affect Kodak, to Kodak, in each case, in their sole discretion),
and which order shall otherwise be substantially in the form attached as Annex I hereto. 

“FlashPoint” has the meaning set forth in the Recitals. 

“FlashPoint Agreements” means the FlashPoint Settlement Agreement and the FlashPoint Supplemental Settlement
Agreement. 
 “FlashPoint Disputed Patents” means U.S. Patent Nos. 5,493,335, 5,828,406, 6,147,703,
6,292,218, 6,441,854, 6,879,342, 7,210,161, 7,453,605, 7,742,084, 7,936,391, 6,288,743; 6,542,192; and 7,508,444. 

“FlashPoint Settlement Agreement” means the Patent Ownership Rights Transfer and Assignment Agreement, dated as
of the date hereof, among FlashPoint, Kodak, Buyer and Apple Inc. 
 “FlashPoint Supplemental Settlement
Agreement” means the Stock Transfer and Release Agreement, dated as of the date hereof, between FlashPoint and Kodak. 
 “FlashPoint Settlement Amount” has the meaning set forth in Section 3.1. 
 “Funding Commitment” has the meaning set forth in Section 4.2(e)(i). 
 “Governmental Approvals” has the meaning set forth in Section 5.5(a). 
 “Governmental Entity” means any state, nation or international body or governmental organization, whether federal, state, county, local or foreign, or multinational, including but
not limited to any agency, authority, official or instrumentality of any such government or political subdivision or any court, tribunal or arbitrator(s) of competent jurisdiction or any statutory authority. 

“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and
regulations promulgated thereunder, and any successor to such statute, rules or regulations. 
 “Indemnified
Parties” has the meaning set forth in Section 8.5. 
 “Intercompany Contracts”
means any Contract, or oral agreement or arrangement, that grants a license, covenant not to sue or other similar right or immunity, in each case with respect to the Assigned Patents, among Kodak or any Affiliate of Kodak, on the one hand, and Kodak
or any of its Affiliates, on the other hand, with respect to which no Third Party is a party. 

“Interests” means all Liens, encumbrances, easements, encroachments, retentions of title, conditional sale
arrangements, restrictive covenants, licenses, rights of first offer, rights of first refusal, options or any other limitations, restrictions, or interests of any kind. 

  
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 “ITC Proceedings” means the proceedings in the U.S. International
Trade Commission captioned Electronic Devices for Capturing and Transmitting Images, and Components Thereof, Inv. No. 337-TA-831 (Feb. 27, 2012) and Mobile Telephones and Wireless Communication Devices Featuring Digital Cameras, and Components
Thereof, Inv. No. 337-TA-703 (Feb. 23, 2010). 
 “Joinder Agreement” has the meaning set forth in
Section 8.3. 
 “Kodak” has the meaning set forth in the preamble. 

“Kodak Confidential Information” has the meaning set forth in Section 5.9(a). 

“Kodak DC/KISS Grant-Back License Agreement” has the meaning set forth in Section 3.3(a)(iii).

 “Kodak Retained Rights” means all rights of Kodak (other than the Assigned Royalty Streams) under
(a) all Contracts existing as of the date hereof or entered into after the date hereof through the Closing with the prior written consent of Buyer in accordance with Section 5.3, including (i) all rights of Kodak under such
Contracts to collect and retain royalty and license fees with respect to the Assigned Patents and all rights to enforce payment thereof, other than the Assigned Royalty Streams, and (ii) all license rights granted to Kodak under such Contracts
other than with respect to the Assigned Patents, and (b) the Kodak DC/KISS Grant-Back License Agreements. 

“Kodak’s Knowledge” means the actual knowledge, after due inquiry, of (a) Timothy M. Lynch, in his
capacity as Vice President, Chief IP Officer and Deputy General Counsel of Kodak, and (b) for purposes of (i) the definition of “Patent Documents” and (ii) Section 4.1(e)(i) only, Raymond L. Owens, in his
capacity as Chief Patent Counsel of Kodak. 
 “Law” means any applicable law, statute, constitution,
treaty, ordinance, rule, regulation, code, order, injunction, judgment or decree or judicial or administrative doctrine promulgated or issued by any Governmental Entity, including the Bankruptcy Code and Bankruptcy Rules. 

“License Fee” or “License Fees” has the meaning set forth in Section 5.14.

 “Licensee” means each licensee identified on Schedule 3.3(a) to this Agreement and that will
become a party to a Bidco DC/KISS Patent License Agreement or a Retained Patents License Agreement pursuant to Section 5.14 of this Agreement. 
 “Licensee Supplemental NDAs” means the Non-Disclosure Agreements, each entered into as of the date set forth therein, by and between Kodak and each of the Licensees, whereby each
such Licensee agrees from and after the Closing to be bound by the terms and conditions of Section 5.9(a) and Section 5.9(d) of this Agreement. 
 “Lien” means any lien (statutory, contractual, or otherwise), pledge, mortgage, deed of trust, security interest, hypothecation, charge, or similar interest, right, restriction, or
limitation. 

  
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 “Notice of Final Sale Hearing” has the meaning set forth in the
Conditional Sale Order. 
 “Outside Date” has the meaning set forth in Section 7.1(i).

 “Party” or “Parties” has the meaning set forth in the preamble. 

“Patent Assignment Agreement” has the meaning set forth in Section 3.3(a)(i). 

“Patent Documents” means, with respect to the Assigned Patents, to the extent available, (a) all letters
patent, (b) all assignment agreements, (c) documents and materials evidencing dates of invention, including dates of conception and reduction to practice, (d) prosecution history files for all issued, pending or abandoned Assigned
Patents, (e) a current electronic copy of a docketing report for the Assigned Patents accurately setting forth to the best of Kodak’s Knowledge any and all dates relevant to the prosecution or maintenance of the Assigned Patents, including
information relating to deadlines, payments and filings for the Assigned Patents, and the names, business, business addresses, business email addresses, and business phone numbers of all prosecution counsel and agents, except for the contact
information of any in-house attorney of Kodak (Chalon), which shall not be provided, and (f) claim charts, in each case, in the possession of Kodak or its counsel who have been involved in the prosecution and maintenance of the Assigned
Patents. For the avoidance of doubt, Patent Documents shall not include information related exclusively to Taxes. 

“Patent Power of Attorney” means documents appointing attorneys for Buyer (and/or its Designee, as applicable)
with full power to execute documents and take all other steps solely in connection with (i) effectuating and implementing the assignment of the Assigned Assets to Buyer (and/or Buyer’s Designee, as applicable) pursuant to this Agreement,
(ii) perfecting Buyer’s (and/or its Designee’s, as applicable) title in, to and under the Assigned Patents pursuant to such assignment and (iii) as otherwise necessary for related bona fide purposes on a limited, case-by-case
basis with the consent of Kodak (not to be unreasonably withheld or delayed), in each of cases (i) through (iii), to the extent required by applicable Law in respect of filings in patent offices of various countries around the world, at or
after Closing, including, to the extent required by applicable Law with respect to United States Patents, the power of attorney substantially as set forth in the form at Exhibit F, and similar forms as required for each of the various
countries. 
 “Patents” means all United States and foreign patents and applications therefor and all
inventions claimed therein, and all reissues, divisions, renewals, revisions, revivals, reexaminations, extensions, provisional patent applications, continuations, utility models, continuing prosecution applications and continuations-in-part
thereof. 
 “Permitted Encumbrances” means: 

(a) the SSO Commitments; 
 (b) any rights of any Third Party to a Rejected Agreement under section 365(n) of the Bankruptcy Code; 

  
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 (c) any and all releases, licenses, immunities, covenants not to assert and similar rights
of a counter-party under a Scheduled Agreement in respect of any Assigned Patent (including any rights of a counter-party under a Scheduled Agreement in respect of any Assigned Patent that are binding on an assignee of an Assigned Patent as a matter
of applicable non-bankruptcy Law), in each case, (x) solely to the extent such releases, licenses, immunities, covenants not to assert and similar rights of a counter-party exist as of Closing or are provided for in a Scheduled Agreement as of
Closing, and (y) where such Scheduled Agreement is not rejected by Kodak (provided that if Kodak rejects such Scheduled Agreement at any time, the foregoing clause (b) shall be deemed to apply thereto); 

(d) any rights of a licensee of intellectual property comprising the Assigned Patents under any written license agreement entered into
after the date hereof through the Closing with prior written consent of Buyer in accordance with Section 5.3; 
 (e)
any other rights and interests set forth in the Final Sale Order that will not be discharged as set forth on Schedule 1.1(c), or that are not dischargeable by the Bankruptcy Court under applicable Law; 

(f) any and all Claims and Interests of Apple Inc. with respect to inventorship, ownership of, or other rights with respect to, U.S.
Patent Nos. 5,493,335, 5,828,406, 6,147,703, 6,292,218, 6,441,854, 6,879,342, 7,210,161, 7,453,605, 7,742,084 and 7,936,391 (collectively, the “Apple Disputed Patents”); provided that, nothing herein shall be
construed as an admission of validity of any of the foregoing Claims and Interests; 
 (g) all licenses (express or implied) or
covenants not to assert with respect to any of the Assigned Patents granted to a Third Party under Product Licenses; 
 (h) any
co-ownership interests in the Assigned Patents set forth on Schedule 1.1(f); 
 (i) the licenses, releases, covenants and
rights of (i) any licensee under any Bidco DC/KISS Patent License Agreement, or (ii) any counter-party under the agreements set forth on Schedule 1.1(h) in respect of the Assigned Patents; and 

(j) the rights of any licensee under the Kodak DC/KISS Grant-Back License Agreements. 

To the extent that any purported license, sublicense, immunity, covenant not to sue or other similar right to an Assigned Patent granted
by or through FlashPoint for Digita Software prior to June 5, 2003 to a FlashPoint Digita Software licensee in accordance with and subject to the terms and conditions of the Technology License Agreement between Kodak and FlashPoint dated
March 17, 1997, is determined to be valid, such license, sublicense, immunity, covenant not to sue or other similar right shall be a Permitted Encumbrance. For the avoidance of doubt, “Permitted Encumbrances” shall not include any
(i) obligations, liabilities or Interests related to Taxes, or (ii) Intercompany Contracts. 

“Person” means an individual, corporation, partnership, limited liability company, association, trust,
Governmental Entity, or any other entity or organization. 

  
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 “Petition Date” has the meaning set forth in the Recitals.

 “Product License” means any Contract entered into by, on behalf of or under authority of Kodak or its
Affiliates, prior to the Closing, including any click-through or shrink-wrap license, that (a) accompanies the sale, servicing (including support, maintenance and installation), licensing or provision of any product or service by or on behalf
of Kodak or its Affiliates, and (b) includes a non-exclusive grant of a license or similar rights (express or implied) under any of the Assigned Patents where such grant is limited to rights in connection with such product or service.

 “Rejected Agreement” means any Scheduled Agreement that is rejected by Kodak. 

“Releasees” has the meaning set forth in Section 5.15. 

“Releasors” has the meaning set forth in Section 5.15. 

“Representative” means, as to any Person, the directors, officers, employees, attorneys, accountants, partners,
members, agents, consultants, financial advisors and other advisors of such Person. 
 “Retained Patents License
Agreement” has the meaning set forth in Section 3.3(a)(vi). 
 “Reviewing
Creditors” has the meaning set forth in the Bidding Procedures attached as Exhibit I to the Conditional Sale Order but excluding the 1114 Committee (as referenced therein). 

“Royalty Assignment Agreement” has the meaning set forth in Section 3.3(a)(iv). 

“Sale Notice Parties” has the meaning set forth in the Conditional Sale Order. 

“Scheduled Agreements” means the agreements set forth on Schedule 1.1(d). 

“Settlement License” has the meaning set forth in Section 5.17. 

“SSO Commitments” means the promises, declarations and commitments granted, made or committed, in each case, in
writing by Kodak to SSOs concerning any of the Assigned Patents pursuant to the written membership agreements, written by-laws or written policies of SSOs in which Kodak was a participant, in each case solely to the extent that (a) Kodak is
required pursuant to such promises, declarations or commitments or applicable non-bankruptcy law to bind the Person to whom Kodak transfers the Assigned Patents to such promises, declarations or commitments, and (b) such promises, declarations
or commitments constitute interests in property under applicable U.S. federal bankruptcy Law. 
 “SSO”
means a standards-setting organization. 
 “Subsidiary” means any Person that is Controlled by a party
hereto. 

  
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 “Successful Bid” has the meaning set forth in the Conditional Sale
Order. 
 “Successful Bidder” has the meaning set forth in the Conditional Sale Order. 

“Supplemental Non-Disclosure Agreements” means the Supplemental Agreements, dated as of October 25, 2012,
between Kodak and each of Buyer and Buyer’s Designee (as applicable). 
 “Supplemental Sale Motion”
means a supplement to the motion, dated June 11, 2012, seeking entry of the Conditional Sale Order, reasonably satisfactory to Buyer in both form and substance, declaring the Transaction as the Successful Bid and seeking entry of the Final Sale
Order. 
 “Tax” or “Taxes” means federal, state, local, foreign or other tax,
duty, levy, import fee, assessment or other Governmental Entity charge, including all income, withholding, excise, sales, use, value added, transfer, stamp, documentary, filing, recordation, property and other similar taxes or governmental fees
(excluding fees and charges payable to governmental patent offices, maintenance fees and prosecution costs), however denominated, together with any interest and penalties, additions to tax and additional amounts imposed or assessed with respect
thereto. 
 “Termination Expenses” means Buyer’s reasonable and documented out-of-pocket costs and
expenses, including attorneys’ expenses and advisors’ fees and expenses, incurred in connection with Transaction, such amount not to exceed in the aggregate 2% of the Aggregate Transaction Value; provided that such amount shall in
no event include (a) fees or expenses of any advisors other than attorneys in excess of One Million Two Hundred Thousand US Dollars ($1,200,000) in the aggregate or (b) any costs or expenses incurred by (i) any Licensee or its
Affiliates, (ii) Buyer’s Designee or its Affiliates (if applicable) or (iii) Buyer in connection with any agreement by Buyer to reimburse any Licensee, Buyer’s Designee (if applicable) or any other Person. 

“Third Party” means any Person that is not (a) a party hereto or an Affiliate of a party hereto or
(b) a successor (including a successor to a debtor under a plan of reorganization for purposes of Section 1145 of the Bankruptcy Code) to a party or a trustee, receiver or administrator of a Debtor or any of its assets or property.

 “Third Party Agreement” has the meaning set forth in Section 5.12. 

“Third Party Funding” has the meaning set forth in Section 4.2(e)(ii). 

“Transaction” means (a) the purchase and sale of the Assigned Assets and the license back to Kodak under the
Kodak DC/KISS Grant-Back License Agreements of the Assigned Patents, (b) the execution and delivery of the Bidco DC/KISS Patent License Agreements, (c) the execution and delivery of the Retained Patents License Agreements, and (d) the
assumption by Buyer (or its Designee, as applicable) of the Assumed Liabilities, all as contemplated by this Agreement. 

  
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 “Transaction Challenge” means any Action seeking to investigate,
challenge, stay, vacate, reverse, enjoin, prohibit, object to, amend or modify the terms of, or seek damages in respect of, the Transaction, either in whole or in part, other than an Action by (a) Buyer, Buyer’s Designee, FlashPoint, any
Licensee or any of their respective Affiliates or (b) Kodak to enforce the terms of this Agreement, the Funding Commitment or otherwise with respect to the Transaction. 
 “Transaction Documents” means this Agreement and the Ancillary Agreements. 
 “Transfer Tax” has the meaning set forth in Section 5.8(a). 
 Section 1.2 Interpretation. The words “herein,” “hereof,” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any
particular provision of this Agreement. Wherever the word “include,” “includes,” or “including” is used in this Agreement, it will be deemed to be followed by the words “without limitation.” References to
(a) “Article,” “Schedule” or “Section” are to the respective Articles, Schedules and Sections of this Agreement, and references to “Exhibit” are to the respective Exhibits annexed hereto, (b) a
“party” means a party to this Agreement and such party’s successors and permitted assigns and (c) $ or “dollars” refer to United States dollars. Terms defined in the singular have a comparable meaning when used in the
plural, and vice versa. 
 ARTICLE II 
 ASSIGNMENT AND ASSUMPTION 
 Section 2.1 Assignment.

 (a) Assignment of Patents. On the terms and subject to the conditions set forth herein, at Closing, Kodak will assign,
convey, sell and transfer to Buyer (and, to the extent Buyer identifies a Designee in accordance with Section 8.3 of this Agreement, such Designee), and Buyer (and its Designee, as applicable) will purchase and accept from Kodak, all of
Kodak’s right, title and interest throughout the world in and to the Assigned Patents, including any right that Kodak has (i) to sue for past, present or future infringement, misappropriation or violation of rights relating to the Assigned
Patents and to retain any damages and profits due or accrued, and (ii) to collect royalties and other payments under or on account of any of the Assigned Patents, in each case free and clear of all Claims and all Interests except for and
subject to the Permitted Encumbrances and the Kodak Retained Rights. In the event that any rights to any of the Assigned Patents have been or are assigned to any of Kodak’s Affiliates, Kodak shall, prior to the Closing, cause each such
Affiliate to assign to Kodak all of such Affiliate’s right, title and interest throughout the world in and to such Assigned Patents, including the rights described in the immediately preceding sentence which are related thereto. 

(b) Assignment of Royalty Streams. On the terms and subject to the conditions set forth herein, at Closing, Kodak will assign,
convey, sell and transfer to Buyer, and Buyer will purchase and accept from Kodak, all of Kodak’s right, title and interest in and to the Assigned Royalty Streams (such right, title, and interest together with the Assigned Patents, the
“Assigned Assets”), in each case free and clear of all Claims and all Interests except for and 

  
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subject to the Permitted Encumbrances and the Kodak Retained Rights. Notwithstanding anything to the contrary in this Agreement, the Assigned Assets do not include, and Kodak shall retain all
rights in and to, the Kodak Retained Rights. 
 (c) Buyer (and its Designee, as applicable) acknowledges that the Assigned
Patents are assigned and transferred subject to the SSO Commitments. Buyer (and its Designee, as applicable) hereby commits to respect the SSO Commitments, solely with respect to the Assigned Patents, and solely to the same extent as the SSO
Commitments are binding upon Kodak prior to the transfer of the Assigned Patents herein; provided however that nothing herein shall be construed as a commitment or agreement by Buyer (or its Designee, as applicable) or its (or its Designee’s)
Affiliates to subject any Patents other than the Assigned Patents to the SSO Commitments. Buyer (and its Designee, as applicable) shall confirm in writing to the U.S. Department of Justice, Antitrust Division, to the extent (i) requested by
such Governmental Entity and (ii) required by applicable Law, the existence and scope of Buyer’s (or its Designee’s, as applicable) commitments under this Section 2.1(c). 

Section 2.2 Assumption of Obligations and Liabilities. On the terms and subject to the conditions set forth herein, from and
after the Closing, Buyer (or its Designee, as applicable) will assume, and following Closing will discharge or perform when due: (a) all liabilities and obligations with respect to all maintenance fees and prosecution costs with the U.S. Patent
and Trademark Office and any foreign patent offices related to the Assigned Patents associated with the ownership or exploitation by or through Buyer (or its Designee, as applicable) of the Assigned Assets, or otherwise arising by or through Buyer
(or its Designee, as applicable), after the Closing; (b) all liabilities and obligations arising under or relating to Buyer’s or Buyer’s Designee’s (if applicable) or any of their respective Affiliates’ ownership,
enforcement or exploitation of the Assigned Assets on or after Closing; (c)(i) the licenses and releases granted, covenants not to assert made, and obligations of Kodak, in each case to any licensee under any Bidco DC/KISS Patent License Agreement,
(ii) to the extent that any Permitted Encumbrance represents an obligation to forebear from taking any action, such obligation or (iii) the licenses and releases granted, covenants not to assert made, and obligations of Kodak, in each case
to any counter-party to one of the agreements set forth on Schedule 1.1(h) arising under such agreements set forth on Schedule 1.1(h) solely with respect of the Assigned Patents and solely to the extent such licenses and releases
granted, covenants made, and obligations exist as of Closing or are provided for in a Scheduled Agreement as of Closing; provided that (x) Buyer (or its Designee, as applicable) shall only assume those releases, licenses, immunities,
covenants and obligations that can by their nature only be performed by the owner of the Assigned Patents, (y) Buyer (and its Designee, as applicable) shall not assume any financial or financial reporting covenants or obligations imposed upon
Kodak under the agreements set forth on Schedule 1.1(h) and (z) if any expansion, extension or renewal after Closing of, or any grant of additional rights under, such licenses and releases granted, covenants not to assert made, or
obligations, in each case, require any consent or agreement of Kodak, Kodak shall decline to provide such consent or agreement where it can do so without violating any such license, release, covenant not to assert or obligation; and provided
further that in no event shall Buyer (or its Designee, as applicable) assume any license, release, obligation or covenant with respect to anything (including any Patents) other than with respect to the Assigned Patents; and (d) all liabilities
and obligations of Buyer (or its Designee, as applicable) pursuant to Section 5.8 (collectively, the “Assumed Liabilities”). Buyer (and its Designee, as applicable) 

  
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will not assume any liability or obligation other than the Assumed Liabilities. Except for the Assumed Liabilities, Kodak and its Affiliates will retain all of their respective liabilities and
obligations arising under or relating to (i) Kodak’s or any of its Affiliates’ ownership, enforcement or exploitation of the Assigned Assets prior to the Closing to the extent such liability or obligation is not an Assumed Liability,
provided that the foregoing shall not limit Kodak’s obligations under Section 5.4(c), and (ii) any Contract concerning or relating to the Assigned Patents, each of which, for the avoidance of doubt, shall constitute an Excluded
Liability. None of Kodak or any of its Affiliates will retain, assume or otherwise be responsible for any liability or obligation to the extent arising under or relating to ownership, enforcement or exploitation of the Assigned Assets from and after
Closing. Nothing in this Section 2.2 shall be construed to obligate Buyer (or its Designee, as applicable) to maintain any Assigned Assets, continue the prosecution of any Assigned Patents or continue the prosecution of or enforce any
Assigned Patents. At Closing, Buyer will pay to Kodak Three Hundred Ninety-Two Thousand US Dollars ($392,000) by wire transfer of immediately available funds in respect of maintenance fees and prosecution costs that Kodak has paid in respect of the
Assigned Patents for any period that ends after the Closing Date, subject to the immediately succeeding sentence. If the Closing occurs on or after February 1, 2013, Buyer (or its Designee, as applicable) will pay to Kodak at Closing such
additional amounts corresponding to any additional maintenance fees and prosecution costs paid by Kodak on or after February 1, 2013 in respect of the Assigned Patents. 
 Section 2.3 No Assignment of Contracts or Kodak Retained Rights. For the avoidance of doubt, Kodak is not assigning (including under section 365 of the Bankruptcy Code or otherwise) hereunder
or in any Ancillary Agreement any license agreement or other Contract, or any Kodak Retained Rights. 
 Section 2.4
Excluded Liabilities. It is expressly understood and agreed that Buyer (and its Designee, as applicable) is not assuming or becoming obligated to pay, perform or otherwise discharge or in any other manner become liable or responsible for any of
the Excluded Liabilities. Buyer (and its Designee, as applicable) has no, and from and after the Closing, Buyer (and its Designee, as applicable) shall have no liability with respect to any Excluded Liability as a result of this Agreement. As
between Kodak and Buyer (or Buyer’s Designee, as applicable), Kodak shall be responsible for all Excluded Liabilities. 

ARTICLE III 
 PURCHASE PRICE; CLOSING 
 Section 3.1 Purchase Price. In
consideration for the sale, assignment, transfer and conveyance of the Assigned Assets to Buyer (and its Designee, as applicable), at the Closing, Buyer (and its Designee, as applicable) will pay to Kodak cash in an amount equal to Five Hundred and
Twenty-Seven Million US Dollars ($527,000,000) less (i) the License Fees, plus (ii) the Expense Adjustment Amount (such amount, the “Closing Amount”); provided, however, that, of the Closing Amount,
Buyer shall pay (in lieu of direct payment to Kodak), on behalf of Kodak, Five Million US Dollars ($5,000,000) to FlashPoint to effect the settlement contemplated by the FlashPoint Settlement Agreement (the “FlashPoint Settlement
Amount”); provided, further that in no event shall the Aggregate Transaction Value exceed Five Hundred and Thirty-Two Million US Dollars ($532,000,000) or be less than Five Hundred and Twenty-Two Million 

  
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US Dollars ($522,000,000); provided, further, that, in the event that an “Alternate Transaction Event” (as defined in the Funding Commitment) occurs, the Aggregate
Transaction Value and the aggregate License Fees to be received by Kodak for purposes of Section 6.3(d) will be modified in accordance with Section 2(b) of the Funding Commitment. 

Section 3.2 Deposit. 
 (a) Pursuant to the Clarifying Order, Buyer has previously delivered, or caused to be delivered, to Kodak a good-faith, refundable, cash deposit into the Bid Account in an amount equal to Ten Million US
Dollars ($10,000,000) (the “Deposit”). In accordance with the terms of the Clarifying Order, simultaneously with the execution of this Agreement, Kodak shall transfer the Deposit to an Escrow Account which shall be subject to
the Escrow Agreement. The Deposit will (y) be credited at the Closing against the Closing Amount and/or any License Fees in respect of those Persons who contributed to the Deposit, or (z) if the Closing has not occurred (i) retained
by Kodak pursuant to the terms of the Escrow Agreement, or (ii) returned to Buyer pursuant to the terms of the Escrow Agreement. In the event that Buyer is not named the Successful Bidder, the Deposit shall be returned to Buyer pursuant to the
terms of the Clarifying Order. 
 (b) Until such time as Kodak first becomes entitled to withdraw or be paid the Deposit
pursuant to the terms of the Escrow Agreement, the Bid Account and the Deposit shall be deemed not to constitute property, an asset or liability of Kodak, and no lien or security interest therein shall attach and no steps or filings to create or
perfect security interests in favor of the lenders or secured parties under the DIP Facility or any other person shall be taken or required. 
 Section 3.3 Closing; Closing Deliveries. Subject to satisfaction or waiver, as applicable, of all of the conditions set forth in Article VI hereof, Closing will take place at the
offices of Kodak’s counsel, Sullivan & Cromwell LLP, 125 Broad Street, New York, New York 10004 (or at such other place as the parties may designate in writing) at 9:00 a.m., local time in New York, New York, on the date that is two
(2) Business Days following the satisfaction or waiver, as applicable, of all of the conditions set forth in Article VI hereof (other than conditions that by their nature are to be satisfied at Closing, but subject to the satisfaction or
waiver, as applicable, of such conditions), but no sooner than forty-five (45) consecutive days immediately following the date hereof, unless another time or date, or both, are agreed to in writing by the parties hereto. Unless otherwise agreed
by the parties in writing, Closing will be deemed to have occurred at 5:00 p.m. (New York, New York time) on the Closing Date. At Closing the parties will take the following actions or make the following deliveries: 

(a) Kodak’s Deliveries. At Closing, Kodak will deliver or cause to be delivered to Buyer (and/or its Designee, as applicable)
the following documents: 
 (i) duly executed general assignments with respect to the Assigned Patents for each
of Buyer and Buyer’s Designee (as applicable), in the forms attached as Exhibit I and dated as of the Closing Date (each a “Patent Assignment Agreement”) (it being understood that Kodak will deliver
jurisdiction-

  
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specific assignments, suitable for recordation or filing in relevant jurisdictions, following Closing and in accordance with Section 5.4); 

(ii) electronic copies of all agreements on Schedule 1.1(b) and Schedule 1.1(d); provided,
however, that (i) Kodak may retain copies of such agreements solely for its own record keeping, regulatory, historical, and litigation purposes and (ii) unredacted copies of such agreements shall be delivered only in accordance with
the terms of the Supplemental Non-Disclosure Agreements; 
 (iii) a counterpart of the applicable license
agreement for each of Buyer and Buyer’s Designee (as applicable), in the forms attached as Exhibit A and dated as of the Closing Date (each a “Kodak DC/KISS Grant-Back License Agreement”), duly executed by Kodak;

 (iv) a counterpart of the applicable assignment agreement for each of Buyer and Buyer’s Designee (as
applicable), in the forms attached as Exhibit B and dated as of the Closing Date, delivering and assigning the Assigned Royalty Streams to Buyer (and its Designee, as applicable) (each a “Royalty Assignment
Agreement”), duly executed by Kodak; 
 (v) a counterpart of the applicable assumption agreement for
each of Buyer and Buyer’s Designee (as applicable), in the forms attached as Exhibit C and dated as of the Closing Date, pursuant to which Buyer (and its Designee, as applicable) assumes the Assumed Liabilities (each an
“Assumption Agreement”), duly executed by Kodak; 
 (vi) a counterpart of the applicable
license agreement for each of the Persons set forth on Schedule 3.3(a) in the forms attached as Exhibit D applicable to such Person (each a “Retained Patents License Agreement”), duly executed by Kodak;

 (vii) a counterpart of the applicable license agreement for each of the Persons set forth on
Schedule 3.3(a) in the forms attached as Exhibit E applicable to such Person (each a “Bidco DC/KISS Patent License Agreement”), duly executed by Kodak; 

(viii) a counterpart to the Common Interest Agreement, duly executed by Kodak; 

(ix) a counterpart to the Patent Power of Attorney, in the form attached as Exhibit F and dated as of the Closing
Date, duly executed by Kodak (it being understood that Kodak will deliver jurisdiction-specific Patent Powers of Attorney following Closing and in accordance with Section 5.4); 

(x) an Internal Revenue Service Form W-9; 

(xi) a receipt for the Closing Amount; 

  
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 (xii) a counterpart of the Distribution Notice, duly executed by Kodak;

 (xiii) the officer’s certificate referred to in Section 6.2(a) and (b); and

 (xiv) (A) a copy of the Final Sale Order as entered by the Bankruptcy Court, (B) a copy of
the docket in the Bankruptcy Cases as of the Closing Date, (C) a copy of the docket in any case related to any appeal from the Final Sale Order as of the Closing Date, and (D) a duly executed and acknowledged certificate
from Kodak, in substantially the form set forth as Exhibit G, certifying that each of Kodak’s deliveries pursuant to subsections (A) through (C) of this Section 3.3(a)(xiv) are true and correct as of
the Closing Date. 
 (b) Buyer’s Deliveries. At Closing, Buyer (and Buyer’s Designee, as applicable) will
deliver or cause to be delivered to Kodak and, in the case of clause (ii) below, on behalf of Kodak, to FlashPoint: 
 (i) the Closing Amount (less (x) the applicable portion of the Deposit credited thereto pursuant to Section 3.2(a) and (y) the FlashPoint Settlement Amount), by wire transfer of
immediately available funds to the bank account provided at least three (3) days prior to the Closing Date by Kodak to Buyer in writing (or such other method of delivery mutually agreed by Kodak and Buyer), and Kodak will have received all of
the same at the Closing; 
 (ii) the FlashPoint Settlement Amount, by wire transfer of immediately available
funds to the bank account provided in the FlashPoint Settlement Agreement (or such other method of delivery mutually agreed by Buyer and FlashPoint), and FlashPoint will have confirmed receipt of such amount by an electronic mailing (effective upon
receipt thereof); 
 (iii) a counterpart of the Kodak DC/KISS Grant-Back License Agreement, duly executed by
Buyer (and its Designee, as applicable); 
 (iv) a counterpart of the Royalty Assignment Agreement, duly executed
by Buyer (and its Designee, as applicable); 
 (v) a counterpart of the Assumption Agreement, duly executed by
Buyer (and its Designee, as applicable); 
 (vi) a counterpart of the applicable Retained Patents License
Agreement, duly executed by each of the Persons set forth on Schedule 3.3(a); 
 (vii) the counterpart of
the applicable Bidco DC/KISS Patent License Agreement, duly executed by each of the Persons set forth on Schedule 3.3(a); 
 (viii) a counterpart to the Common Interest Agreement, duly executed by Buyer (and its Designee, as applicable); 

  
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 (ix) a counterpart of the Distribution Notice, duly executed by Buyer; and

 (x) the officer’s certificate referred to in Section 6.3(a) and (b). 

(c) Place of Delivery. Kodak hereby agrees that any counterparts of a Bidco DC/KISS Patent License Agreement or Retained Patents
License Agreement will be shipped via certified mail to an address designated by the licensee of such agreement. 
 ARTICLE IV

 REPRESENTATIONS AND WARRANTIES 
 Section 4.1 Kodak’s Representations and Warranties. Kodak makes the following representations and warranties to Buyer (and Buyer’s Designee, as applicable), which representations and
warranties are qualified as to any matters disclosed on or referred to in the Disclosure Schedule (subject to Section 8.9) accompanying this Agreement: 
 (a) Organization and Power. Kodak is a corporation duly organized, validly existing and in good standing under the Laws of the State of New Jersey. Kodak has all requisite corporate power and
authority to own the Assigned Patents. 
 (b) Corporate Authorization. Subject to entry of the Final Sale Order,
(i) Kodak has full corporate power and authority to execute and deliver the Transaction Documents and to perform its obligations thereunder and (ii) the execution, delivery and performance by Kodak of the Transaction Documents have been
duly and validly authorized and no additional corporate authorization or consent is required in connection therewith. 
 (c)
Approvals; Non-Contravention. Except for the filing of the Supplemental Sale Motion with and the entry of the Final Sale Order by the Bankruptcy Court, no consent, approval, waiver, authorization or novation is required to be obtained by
Kodak from, and, no notice or filing is required to be given by Kodak to or made by Kodak with, any Person in connection with the execution, delivery and performance by Kodak of the Transaction Documents. Subject to the entry of the Final Sale
Order, the execution, delivery and performance by Kodak of the Transaction Documents and the consummation of the Transaction, do not and will not: (i) violate any provision of the articles of incorporation, bylaws or other organizational
documents of Kodak, (ii) conflict with, or result in the breach of, or constitute a default under, or result in the termination, cancellation or acceleration (whether after the filing of notice or the lapse of time or both) of any right or
obligation of Kodak under, any Contract to which Kodak is a party or by which any of its assets is bound, or (iii) violate or result in a breach of or constitute a default under any Law to which Kodak is subject, other than, in the cases of
clauses (ii) and (iii), conflicts, breaches, defaults, terminations, cancellations, accelerations or violations that would not reasonably be expected to be material to the completion of the Transaction. Except (a) objections to the
Conditional Sale Order that were overruled or withdrawn and reservations of rights contained therein and (b) objections to the entry of the Final Sale Order that have or may be filed with the Bankruptcy Court (and any appeals related to such

  
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objections), there are no Actions pending or, to Kodak’s Knowledge, threatened against Kodak in writing which seek to prohibit the consummation of the Transaction. 

(d) Binding Effect. This Agreement has been duly executed and delivered by Kodak. This Agreement, when executed and delivered by
Buyer, and the other Transaction Documents when executed and delivered at Closing, will, upon the entry of the Final Sale Order, constitute the valid and legally binding obligations of Kodak, enforceable against Kodak in accordance with their
respective terms. 
 (e) Assigned Patents. In each case, except as specifically disclosed in the Electronic Data Room
(other than with respect to the first sentence of Section 4.1(e)(i), to which such exception shall not apply) or as otherwise qualified in the following representations and warranties: 

(i) Subject to the (i) Permitted Encumbrances, and except as set forth on Schedule 4.1(e)(i), Kodak owns all
right, title, and interest to the Assigned Patents, including, without limitation, all right, title, and interest to sue for infringement of the Assigned Patents. Kodak has obtained and properly recorded previously executed assignments for the
Assigned Patents as necessary to assign to Kodak all right, title and interest therein in accordance with governing law and regulations in each respective jurisdiction. Except as set forth on Schedule 4.1(e)(i), the Assigned Patents are free
and clear of all Interests, except for and subject to the Permitted Encumbrances and the Kodak Retained Rights. Other than as set forth on Schedule 4.1(e)(i) and except for the ITC Proceedings, or any Action pending with or threatened by
Buyer, Buyer’s Designee, FlashPoint or the Licensees or any of their respective Affiliates, there are no actions, suits, investigations, claims, or proceedings pending or in progress or, to Kodak’s Knowledge, threatened against Kodak in
writing, relating to ownership or title in, or that would otherwise reasonably be expected to be material to Buyer’s (and/or its Designee, as applicable) ownership of, the Assigned Patents. There are no existing contracts, agreements, options,
commitments, or rights with, to, or in any Person to acquire title in or to any of the Assigned Patents. 
 (ii)
Except as set forth on Schedule 4.1(e)(ii) and for (A) the Permitted Encumbrances (except for Product Licenses) and (B) the Kodak Retained Rights, (1) no exclusive licenses, promises, declarations or commitments under the
Assigned Patent have been granted or retained by Kodak or, to Kodak’s Knowledge, any prior owner or any inventor, and, after Closing, none of Kodak or, to Kodak’s Knowledge, any prior owner or any inventor, will retain any rights or
interest in the Assigned Patents; (2) Buyer (and its Designee, as applicable) will not be subject to any covenant not to sue or similar restrictions on its enforcement of the Assigned Patents as a result of any prior transaction related to the
Assigned Patents; and (3) none of the Assigned Patents are required to be licensed on royalty free, RAND-Z or other similar royalty-free terms and conditions. 

(iii) Except as set forth on Schedule 4.1(e)(iii), the Scheduled Agreements and the Product Licenses constitute all
the licenses or covenants not to sue granted by Kodak or its Affiliates with respect to the Assigned Patents. Except as set forth on Schedule 4.1(e)(iii), complete copies (including all waivers, schedules and

  
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amendments) of all Scheduled Agreements (except to the extent disclosure of the terms or existence of a Contract is prohibited), have been made available to certain of Buyer’s and its
Designee’s representatives in the Electronic Data Room. 
 (iv) Except as disclosed in Schedule
4.1(e)(iv), Kodak has not been notified in writing that it is in material breach of any Scheduled Agreement where such material breach would reasonably be expected to adversely affect Buyer’s (or its Designee’s, as applicable) rights
in or to the Assigned Patents, nor has Kodak been notified in writing within the past six months of the other party’s intention to terminate, amend or modify in any respect any such Scheduled Agreement where such termination, amendment or
modification would reasonably be expected to adversely affect Buyer’s (or its Designee’s, as applicable) rights in or to the Assigned Patents. 
 (v) Except as set forth on Schedule 4.1(e)(v) and except for the ITC Proceedings and any assertion or claim made by Buyer, Buyer’s Designee, FlashPoint or the Licensees or any of their
respective Affiliates, there has been no assertion or claim made in writing to Kodak during the past two (2) years preceding the date of this Agreement asserting invalidity, misuse or unenforceability of the Assigned Patents or challenging
Kodak’s right to use, right to transfer, or exclusive ownership of the Assigned Patents. 
 (vi) Except as
set forth on Schedule 4.1(e)(vi), each of the registrations for the Assigned Patents is currently in good standing and subsisting. All fees and charges payable to governmental patent offices, maintenance fees, prosecution costs, annuities,
and the like due or payable on the Assigned Patents have been timely paid. For the avoidance of doubt, such timely payment includes payment of any maintenance fees for which the fee is payable (e.g., the fee payment window opens) even if the
surcharge date or final deadline for payment of such fee would be in the future. If any of the Assigned Patents are terminally disclaimed to another Patent as of three (3) Business Days prior to the Closing Date, all Patents subject to such
terminal disclaimer will be included in the Assigned Patents, except for those Patents set forth on Schedule 4.1(e)(vi). 
 (vii) As of the date hereof and as of the Closing, except as set forth on Schedule 4.1(e)(vii) and for the ITC Proceedings, or any Action pending with or threatened by Buyer, Buyer’s Designee,
FlashPoint or the Licensees or any of their respective Affiliates, there is no Action pending or threatened in writing before any Governmental Entity against Kodak involving the Assigned Patents. 

(viii) All of Kodak’s commitments to SSOs relating to the Assigned Patents are set forth on Schedule 1.1(e),
and Kodak has furnished, to the extent in Kodak’s possession, to Buyer (and its Designee, as applicable) all copies of all SSO membership agreements or founder agreements (to the extent Kodak is the founding entity of the SSO) to which Kodak is
a party, all by-laws and policies for such SSOs, and all written declarations by Kodak to such SSOs and all agreements between Kodak and such SSOs under which Kodak has granted or waived any rights with respect to the Assigned Patents. 

  
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 (f) Finders’ Fees. Except for Lazard Frères & Co. LLC, the fees
and expenses of which will be paid by Kodak, there is no investment banker, broker, finder or other intermediary who has been retained by or is authorized to act on behalf of Kodak or any Affiliate of Kodak who might be entitled to any fee or
commission in connection with the Transaction. 
 (g) Compliance with Conditional Sale Order. Kodak has complied in all
material respects with the Conditional Sale Order. 
 (h) Tax Ownership. For U.S. federal income tax purposes, each of
the Assigned Patents (and, for the avoidance of doubt, with respect to the Assigned Patents set forth on Schedule 1.1(f) (Co-Owned Patents), only the interests in such Assigned Patents that are being assigned hereunder) is (and will be
immediately prior to the Closing) owned directly by Kodak. 
 Section 4.2 Buyer’s Representations and
Warranties. Buyer makes the following representations and warranties to Kodak: 
 (a) Organization and Power. Buyer
is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware. Buyer has all requisite corporate power and authority to carry on its business as now conducted. 

(b) Authorization. Buyer has full power and authority to execute and deliver the Transaction Documents and to perform its
obligations thereunder. The execution, delivery and performance by Buyer of the Transaction Documents have been duly and validly authorized and no additional authorization or consent is required in connection therewith. 

(c) Approvals; Non-Contravention. No consent, approval, waiver, authorization or novation is required to be obtained by Buyer
from, and no notice or filing is required to be given by Buyer to or made by Buyer with, any Person in connection with the execution, delivery and performance by Buyer of the Transaction Documents. Buyer has determined: (i) in good faith that
the fair market value of the Assigned Assets does not exceed the HSR Act size of transaction threshold as set forth in 15 U.S.C. §18a (a)(2), as adjusted (excluding the value of any assets that Buyer has determined are exempt under the HSR
Act); (ii) that the Closing Amount as allocated to the Assigned Assets will not exceed the HSR Act size of transaction threshold as set forth in 15 U.S.C. §18a (a)(2), as adjusted (excluding the value of any assets that Buyer has
determined are exempt under the HSR Act); (iii) no notification under the HSR Act is required to be filed by Buyer or Kodak; and (iv) no filings, clearances or approvals are required to be made by Buyer with any other U.S. or foreign
Governmental Entity prior to closing the Transaction, other than the entry of the Final Sale Order. The execution, delivery and performance by Buyer of the Transaction Documents and the consummation of the Transaction, do not and will not:
(x) violate any provision of the articles of incorporation, bylaws or other organizational documents of Buyer, (y) conflict with, or result in the breach of, or constitute a default under, or result in the termination, cancellation or
acceleration (whether after the filing of notice or the lapse of time or both) of any right or obligation of Buyer under, any Contract to which Buyer is a party or by which any of its assets is bound, or (z) violate or result in a breach of or
constitute a default under any Law to which Buyer is subject, other than, in the cases of clauses (y) and (z), conflicts, breaches, defaults, terminations, cancellations, 

  
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accelerations or violations that would not materially impair or delay Buyer’s ability to perform its obligations hereunder. 

(d) Binding Effect. This Agreement has been duly executed and delivered by Buyer. This Agreement, when executed and delivered by
Kodak, and the other Transaction Documents when executed and delivered at Closing, will constitute the valid and legally binding obligations of Buyer, enforceable against Buyer in accordance with their respective terms, subject, as to enforcement,
to bankruptcy, insolvency, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles. 

(e) Funding; Solvency. 
 (i) Buyer has, without the need to obtain any Third Party debt or equity financing, other than as set forth on Schedule 4.2(e), sufficient funds that are free of Liens or other encumbrances to
consummate the Transaction and pay the Closing Amount and any expenses incurred by Buyer in connection with the Transaction, and Buyer otherwise has the resources and capabilities (financial and otherwise) to perform its obligations under this
Agreement and the other Transaction Documents. Buyer is not insolvent and will not be rendered insolvent as a result of Closing. 
 (ii) Buyer has delivered to Kodak a true, complete and correct copy of the commitment letter, dated as of December 18, 2012, between Buyer and the Persons party thereto (such commitment letter,
together with the annexes thereto, the “Funding Commitment”), pursuant to which the Persons party thereto have committed, subject to the terms thereof, to fund the cash amounts set forth therein (the “Third Party
Funding”). 
 (iii) The Funding Commitments are (A) a legal, valid and binding obligation of
Buyer and, to the knowledge of Buyer, each of the other parties thereto and (B) enforceable in accordance with its terms against Buyer, and, to the knowledge of Buyer, each of the other parties thereto, in each case, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar Laws relating to or affecting creditors’ rights generally and general equitable principles (whether considered in a proceeding in equity or at law). The
Funding Commitments have not been amended or modified and the respective obligations and commitments contained in the Funding Commitments have not been withdrawn or rescinded in any respect. The Funding Commitments are in full force and effect.

 (iv) To the knowledge of Buyer, there are no conditions precedent or other contingencies related to the
funding of the full amount of the Third Party Funding, other than as set forth in or contemplated by the Funding Commitments. As of the date hereof, no event has occurred or circumstance exists which, with or without notice, lapse of time or both,
would reasonably be expected to (x) constitute a default or breach on the part of Buyer or, to the knowledge of Buyer, any other Persons party thereto, under the Funding Commitments or (y) constitute or result in a failure to satisfy any
condition precedent set forth in the Funding Commitments assuming satisfaction or waiver of the conditions set forth in Section 6.1 and Section 6.2. 

  
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 (f) Finders’ Fees. Except for Allen & Company, Intellectual Ventures
Management, LLC, and RPX Corporation, the fees and expenses of whom will be paid by Buyer, there is no investment banker, broker, finder or other intermediary who has been retained by or is authorized to act on behalf of Buyer or any Affiliate of
Buyer who might be entitled to any fee or commission in connection with the Transaction. 
 (g) Good Faith Purchaser.
Buyer and, to the knowledge of Buyer, its Designee (if applicable) and each Licensee (i) is a “good faith” purchaser, as such term is used in the Bankruptcy Code and (ii) is entitled to the protections of section 363(m) of the
Bankruptcy Code with respect to the Transaction and the FlashPoint Settlement Agreement. Buyer and, to the knowledge of Buyer, Buyer’s Designee (if applicable) and each Licensee has negotiated and entered into this Agreement, the other
Transaction Documents and the FlashPoint Settlement Agreement in compliance with section 363(n) of the Bankruptcy Code and in good faith and without collusion or fraud of any kind. 

Section 4.3 Buyer Experience. Buyer is experienced and sophisticated with respect to transactions of the type contemplated by
the Transaction Documents. In consultation with experienced counsel and advisors of its choice, Buyer has conducted its own independent review and analysis of the Assigned Assets, the Assumed Liabilities, and the rights and obligations it is
acquiring and assuming under the Transaction Documents. Buyer acknowledges that it and its Representatives have been permitted such access to the books and records, contracts and other properties related to the Assigned Assets as it required to
complete its review, and that it and its Representatives have been provided with an opportunity to meet with the officers and other employees of Kodak, to discuss the conduct of Kodak’s business related to the Assigned Assets. 

Section 4.4 No Other Representations or Warranties. Except for the representations and warranties expressly contained in
Section 4.1, Section 4.2 and Section 4.3, or, with respect to Buyer’s Designee (as applicable), in the Joinder Agreement, none of Kodak, Buyer, Buyer’s Designee (as applicable) or any other Person makes
any other express or implied representation or warranty to the others. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AND EXCEPT AS SET FORTH IN SECTION 4.1, THE ASSIGNED PATENTS ARE ASSIGNED, “AS IS,” WITHOUT ANY WARRANTY OF ANY
KIND, AND EACH PARTY HEREBY EXPRESSLY DISCLAIMS, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL CONDITIONS OR WARRANTIES OF ANY KIND OR NATURE, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTIES OF OR RELATED TO TITLE,
NON-INFRINGEMENT, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, VALIDITY OR ENFORCEABILITY. NOTWITHSTANDING ANYTHING CONTAINED IN THIS AGREEMENT, NOTHING CONTAINED IN THIS AGREEMENT WILL CONSTITUTE A LIMITATION OR WAIVER OF ANY PARTY TO ANY
CLAIMS FOR FRAUD. Buyer acknowledges and agrees that Kodak’s representations and warranties contained in Section 4.1(c) insofar as they relate to the HSR Act are being made in reliance upon Buyer’s representations and
warranties contained in Section 4.2(c) and Buyer’s Designee’s (as applicable) representations and warranties contained in Section 6(c) of the Joinder Agreement and Kodak shall have no liability for any breach of its
representations and warranties contained in the first sentence of Section 4.1(c) to the extent Buyer is in breach of its representations and warranties 

  
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contained in Section 4.2(c) or Buyer’s Designee (as applicable) is in breach of its representations and warranties contained in Section 6(c) of the Joinder Agreement.

 ARTICLE V 
 CERTAIN COVENANTS 
 Section 5.1 Bankruptcy Court Approval.

 (a) Kodak will, (i) within five days following the execution and delivery of this Agreement, file and serve the
Supplemental Sale Motion and serve the Notice of Final Sale Hearing, together with the proposed Final Sale Order and a copy of the Transaction Documents and the FlashPoint Agreements (with any redactions as Kodak and Buyer mutually deem appropriate
in accordance with Bankruptcy Rule 9018 and the Conditional Sale Order), upon the Sale Notice Parties and any other party requested by Buyer in accordance with the Case Management Procedures at least fourteen (14) days prior to the Final Sale
Hearing and (ii) in consultation with Buyer and each Licensee, use its reasonable best efforts to (x) respond to and resolve all timely objections to the entry of the Final Sale Order and (y) obtain entry of the Final Sale Order
within thirty (30) days following the filing of the Supplemental Sale Motion. Buyer will use its reasonable best efforts to assist in obtaining entry of the Final Sale Order, including furnishing or filing affidavits or declarations with the
Bankruptcy Court for the purpose of obtaining entry of the Final Sale Order. Buyer and Buyer’s Designee (as applicable), shall not, without the prior written consent of Kodak, file, join in, or otherwise support or encourage in any manner
whatsoever any motion or other pleading relating to the sale of the Assigned Assets hereunder. In the event that an appeal is taken or a stay pending appeal is requested with respect to the Final Sale Order, Kodak shall promptly notify Buyer of such
appeal or stay request and shall promptly provide to Buyer a copy of the related notice(s) or order(s). Kodak, Buyer and Buyer’s Designee, as applicable, shall use their reasonable best efforts to defend any such appeal or stay request.

 (b) From and after the date hereof, Kodak shall provide reasonable prior notice (in no event less than two (2) days)
before filing any materials with the Bankruptcy Court that relate in any material respect to this Agreement, the Transaction, the Transaction Documents, Buyer, Buyer’s Designee (as applicable), or the Final Sale Order (other than any materials
filed in connection with the adversary proceeding captioned Eastman Kodak Co. v. Apple Inc. (In re Eastman Kodak Co.), Adv. Proc. 12-01720 (ALG), (Bankr. S.D.N.Y., filed June 18, 2012)), and shall consult in good faith with Buyer (and
its Designee, as applicable, to the extent relating to Buyer’s Designee) regarding the content of such materials and which portions of such material shall be redacted prior to any such filing. Kodak shall not file with the Bankruptcy Court
(except under seal) or otherwise make public any unredacted Transaction Documents or the content of any redacted portions of the Transaction Documents without the prior written consent of Buyer (and its Designee, as applicable, to the extent
relating to Buyer’s Designee). 
 Section 5.2 Pre-Closing Access. Prior to Closing, Kodak will, and will cause
its Affiliates to, (i) continue to permit Buyer and its Representatives to have access to the materials in the Electronic Data Room on the terms and conditions set forth in the Non-Disclosure Agreement between Kodak and Buyer dated
September 16, 2011, as amended or 

  
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supplemented as of November 29, 2011, June 29, 2012 and October 25, 2012 (together, the “Buyer Non-Disclosure
Agreement”), to which agreement and the obligations thereunder Buyer hereby expressly agrees to be bound; and (ii) continue to permit Buyer’s Designee and its Representatives to have access to the
materials in the Electronic Data Room on the terms and conditions set forth in the Non-Disclosure Agreement between Kodak and Buyer’s Designee dated July 28, 2012, as supplemented as of October 25, 2012 (together, the
“Designee Non-Disclosure Agreement”), to which agreement and the obligations thereunder Buyer’s Designee hereby expressly agrees to be bound. 

Section 5.3 Conduct of Business. During the period from the date hereof until the earlier of Closing or the termination of
this Agreement in accordance with Article VII, except as expressly provided in this Agreement, or as required by Law, without the consent of Buyer Kodak will not, and will not permit its Subsidiaries to: 

(a) sell, transfer or create any Interest upon any Assigned Patents (including by entering into or amending any Contract with respect
thereto) or the Assigned Royalty Streams, other than (i) the entry into Product Licenses entered into the ordinary course of business, (ii) the entry into Bidco DC/KISS Patent License Agreements and the Kodak DC/KISS Grant-Back License
Agreements, and (iii) any Interests that are discharged at Closing pursuant to the Final Sale Order and that do not adversely affect Kodak’s or Buyer’s (or Buyer’s Designee’s, as applicable) ability to consummate the
Transaction (provided that with respect to this clause (iii), Kodak shall use commercially reasonable efforts to consult with Buyer (and Buyer’s Designee, as applicable) prior to selling, transferring or creating any such Interest); 

(b) sell, transfer or create any Interest upon any Patent owned or controlled by Kodak or its Subsidiaries, other than the Assigned
Patents, if such sale, transfer or Interest would limit or preclude the ability of Kodak to grant the non-exclusive licenses under such Patent under the Retained Patents License Agreements; 

(c) enter into any new Contract, or terminate or amend any existing Contract, in a manner that would reduce the amount of, delay or
impair the Assigned Royalty Streams or any right of Buyer (or Buyer’s Designee, as applicable) to enforce such obligations after Closing, unless an equitable adjustment is made to the Closing Amount to reflect such reduction, delay or
impairment as reasonably agreed by Buyer; 
 (d) fail to pay any maintenance fees required by, or take any other necessary
prosecution or maintenance actions in, the U.S. Patent and Trademark Office and any foreign patent offices by the due date therefor with respect to any of the Assigned Patents; provided, however, that Buyer shall reimburse Kodak for
payment of the portion of such fees attributable to the post-Closing period at Closing, and in no event later than the thirtieth (30) day after the Closing, and such reimbursement shall not be deemed a part of the Closing Amount; or 

(e) agree in writing, seek authority from the Bankruptcy Court, or fail to use reasonable best efforts to contest the action of
any other party to obtain authority from the Bankruptcy Court to take any of the foregoing actions. 
 Section 5.4
Commercially Reasonable Efforts; Further Assurances. 

  
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 (a) Each of Kodak and Buyer (and Buyer’s Designee, as applicable) will use commercially
reasonable efforts to take all actions and to do all things necessary, proper, or advisable in order to consummate and make effective the Transaction and the FlashPoint Settlement Agreement (including satisfaction, but not waiver, of the closing
conditions set forth in Article VI). 
 (b) Without further consideration, each of Kodak and Buyer (and Buyer’s
Designee, as applicable) will execute and deliver any documents, instruments or conveyances of any kind and take all other actions which may be reasonably necessary or advisable to carry out the intent of this Agreement, the Transaction, the
FlashPoint Settlement Agreement and the other transactions contemplated hereby, including the execution and delivery by Kodak (within thirty (30) days following the Closing) of jurisdiction-specific assignments, suitable for recordation in the
relevant jurisdiction, of the Assigned Patents and jurisdiction-specific Patent Powers of Attorney. Notwithstanding anything to the contrary in this Agreement, preparation, recordation and registration of any assignment documents evidencing the
assignment of the Assigned Patents from Kodak to Buyer (or its Designee, as applicable), and any jurisdiction-specific Patent Powers of Attorney, will be Buyer’s (or its Designee’s, as applicable) responsibility and at its sole cost and
expense. Buyer (or its Designee, as applicable) shall provide reasonable written confirmation to any licensee of any Assigned Patent who so requests in writing from Buyer (or its Designee, as applicable) such confirmation within one (1) year
after the Closing Date pursuant to a Scheduled Agreement that provides such licensee with the right to receive such confirmation that Buyer’s (or its Designee’s, as applicable) rights in the Assigned Patents are subject to the licenses,
covenants not to assert and other rights granted by Kodak under such Assigned Patents to the extent constituting Permitted Encumbrances. 
 (c) Following the Closing, Kodak will use commercially reasonable efforts to take such actions as Buyer (or its Designee, as applicable) may reasonably request in writing to assist Buyer (or its Designee,
as applicable) in enforcing Buyer’s (or its Designee’s, as applicable) rights in any of the Assigned Assets, in each case at Buyer’s (or its Designee’s, as applicable) sole cost and expense, including (i) using commercially
reasonable efforts to do all things necessary, proper and advisable to transfer to Buyer (or its Designee, as applicable) control of any Action alleging infringement of the Assigned Assets, including with respect to the Apple Disputed Patents and
the FlashPoint Disputed Patents, (ii) being joined as a party to any Action in connection with the enforcement of any of the Assigned Assets if such joinder is necessary under applicable Law to effect such enforcement, (iii) not
intentionally hindering Buyer’s (or its Designee’s, as applicable) access to Kodak’s former employees, and (iv) making Kodak’s employees available at reasonable times, upon reasonable notice and for reasonable periods in
connection with any Action for the enforcement of any of the Assigned Assets (including to provide testimony as necessary). Buyer (or its Designee, as applicable) shall (x) reimburse Kodak and its employees for all expenses incurred by them in
connection with their taking any such action contemplated by this Section 5.4(c), (y) reimburse to Kodak for any employee time spent away from such employee’s ordinary duties at a rate of $300/hour, increased each year starting
in 2014 by the U.S. Consumer Price Index for the immediately preceding year and (z) indemnify and hold Kodak (except, in the case of Kodak, with respect to the Excluded Liabilities) and each such employee and former employee harmless from,
against and in respect of any and all losses, costs, damages or expenses, including attorneys’ fees, imposed on, sustained by, incurred or suffered by, or asserted against Kodak or any such

  
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employee or former employee in any arbitral, judicial or other regulatory action they may become involved in as a result of or in connection with taking any such action contemplated by this
Section 5.4(c). 
 (d) As reasonably requested by Buyer (or Buyer’s Designee, as applicable), Kodak will use
commercially reasonable efforts to assist Buyer (and Buyer’s Designee, as applicable), at Buyer’s (or its Designee’s, as applicable) sole cost and expense, (i) in obtaining for Buyer (and Buyer’s Designee, as applicable)
from Kodak’s present and former employees who are inventors of any Assigned Patents their signatures on assignments and other forms reasonably required for filing, prosecution and registration of the relevant Assigned Patents with the U.S.
Patent and Trademark Office and any foreign patent offices; and (ii) in enforcing for the benefit of Buyer (and Buyer’s Designee, as applicable) any assignment of inventions or similar agreements entered into by employees of Kodak or its
Affiliates with respect to the Assigned Patents. 
 (e) Subject to Section 5.9 and to the extent permitted under
applicable Law, as soon as practicable following the Closing, Kodak shall: (i) deliver to Buyer (or Buyer’s Designee, as applicable) or counsel designated by Buyer (or Buyer’s Designee, as applicable) at locations within the United
States to be designated by Buyer (or Buyer’s Designee, as applicable) copies (which may be electronic copies) of the Patent Documents existing as of the Closing Date in Kodak’s possession and (ii) instruct all of Kodak’s outside
counsel (A) that the ownership of such Assigned Patents and Patent Documents has been assigned to Buyer (or Buyer’s Designee, as applicable) as of the Closing Date, (B) to release to Buyer (or Buyer’s Designee, as applicable) or
counsel or agents (where required by law) designated by Buyer (or Buyer’s Designee, as applicable) at locations to be designated by Buyer (or Buyer’s Designee, as applicable) copies (which may be electronic copies) of the Patent Documents
existing as of the Closing Date and in such counsel’s possession that is related to the Assigned Patents, and (C) that Buyer (or Buyer’s Designee, as applicable) or counsel or agents (where required by law) designated by Buyer (or
Buyer’s Designee, as applicable) may contact such Kodak counsel for coordination relative to further prosecution of the Assigned Patents at Buyer’s (or Buyer’s Designee’s) expense, as applicable. Notwithstanding the foregoing,
Kodak may retain copies of any and all materials delivered pursuant to this Section 5.4(e) solely for its own record keeping, regulatory, tax, historical, and litigation purposes. 

(f) Notwithstanding anything to the contrary herein, to the extent any obligation of Buyer under this Agreement also is applicable to
Buyer’s Designee, such Designee’s obligations shall be applicable only with respect to the Assigned Patents being acquired by such Designee. 
 Section 5.5 Certain Regulatory Matters. 
 (a) Neither Kodak nor Buyer
(nor Buyer’s Designee, as applicable) will make any filings with or give any notices to any Governmental Entity for the purpose of seeking any authorization, consent, clearance or approval of such Governmental Entity or to clear any waiting or
review period of such Governmental Entity in connection with the Transaction unless Kodak and Buyer (and Buyer’s Designee, as applicable) mutually agree. In the event that Kodak and Buyer (and Buyer’s Designee, as applicable) mutually
agree to make any such filing or 

  
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provide any such notice, then promptly thereafter Buyer (and its Designee, as applicable) and Kodak shall each give notice or file or cause their respective Affiliates to give notice or file, and
thereafter each shall use its reasonable best efforts to obtain, any authorizations, consents, clearances and approvals of Governmental Entities and to clear any waiting or review periods of any Governmental Entities, in each case required to
consummate the Transaction (“Governmental Approvals”), and will cooperate with the other party in making any such notices or filings required to be made by such other party. In connection therewith, Buyer (and its Designee,
as applicable) and Kodak shall, and shall cause their respective Affiliates to, use reasonable best efforts to furnish promptly to each appropriate Governmental Entity any additional information requested by such Governmental Entity in connection
with such filings and shall diligently take, or cooperate in the taking of, all steps that are necessary or desirable and proper to expedite the termination of any waiting period under Antitrust Laws and to obtain any required Governmental
Approvals. 
 (b) Kodak, on the one hand, and Buyer (and its Designee, as applicable), on the other hand, shall subject to
applicable Law and except as prohibited by any applicable Governmental Entity: (i) inform the other of, and use reasonable best efforts to include the other in, all conversations, discussions, hearings or other meetings, whether in person or by
telephone, that it or its Representatives has with any Governmental Entity with respect to the Transaction, and shall not participate in any of the foregoing without first consulting with the other, (ii) promptly inform the other of any
material or written communication from the United States Federal Trade Commission, the United States Department of Justice or any other Governmental Entity regarding the Transaction and, subject to applicable Law, consult with the other with respect
to such communication, and (iii) keep the other reasonably apprised of the status of matters relating to completion of the Transaction, including furnishing to the other copies of all correspondence, filings and written communications (and
memoranda setting forth the substance thereof) between it and its Affiliates and its respective Representatives on the one hand, and any Governmental Entity, including any regulatory authority, or members of their respective staffs on the other
hand, with respect to the Transaction. Without in any way limiting the foregoing, each such party will also consult and cooperate with one another, and consider in good faith the views of one another, in connection with the analyses, appearances,
presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any party to or for any Governmental Entity in connection with the Transaction. Each such party shall have the right to review in advance, and,
to the extent reasonably practicable, each will consult the other on, all information relating to the other and each of their respective Affiliates that appears in any filing made with, or written materials submitted to, any Governmental Entity in
connection with the Transaction; provided that materials may be redacted (x) to remove references concerning the valuation of the Assigned Assets, (y) as necessary to comply with contractual arrangements, and (z) as necessary
to address reasonable attorney-client or other privilege or confidentiality concerns. If any party or any Affiliate thereof receives a request for additional information or documentary material from any such Governmental Entity with respect to the
Transaction, then such party will use reasonable best efforts to make, or cause to be made, as soon as possible, an appropriate response in compliance with such request. This Section 5.5(b) shall not apply with respect to any matter
related to the Taxes of one party to the extent that such matter is not reasonably likely to affect the other party. 

  
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 (c) In furtherance and not in limitation of Section 5.5(a), each party hereto
will reasonably cooperate with the other and use their reasonable best efforts to take or cause to be taken all actions, and to do or cause to be done all things, reasonably necessary, proper or advisable on its part under this Agreement and
applicable Law to avoid the entry of any permanent, preliminary or temporary injunction or other order, decree, decision, determination or judgment that would delay, restrain, prevent, enjoin or otherwise prohibit consummation of the Transaction and
to consummate the Transaction in accordance with the terms of this Agreement; provided, however, that (i) in no event shall Buyer (or its Designee, as applicable) be obligated to make any divestiture or disposition of any
ownership interest in any material portion of the assets to be acquired by it pursuant hereto, (ii) the obligation of Buyer (and its Designee, as applicable) under this Section 5.5 is limited solely to the Assigned Assets, and does
not apply to or require any action with regard to any of the other assets or businesses or contractual relationships of Buyer (and its Designee, as applicable) or any of its Affiliates and (iii) this Section 5.5 does not apply to
matters in respect of receiving Bankruptcy Court approval of the Transaction. 
 (d) In the event any Action by any Governmental
Entity or other Person is commenced that questions the validity or legality of the Transaction or this Agreement or seeks damages, an injunction or other similar restraint in connection therewith, the Parties agree to cooperate and use their
reasonable best efforts to defend against and respond thereto, including without limitation by defending any lawsuits or other legal proceedings, whether judicial or administrative, that challenge this Agreement or the consummation of the
Transaction or any other transaction contemplated hereby, and seeking to have lifted, vacated, or reversed any stay, injunction, temporary restraining order, or other restraint entered by any court or other Governmental Entity. 

(e) In the event that Kodak and Buyer and Buyer’s Designee (as applicable) mutually agree to make any filing with or provide any
notice to any Governmental Entity, each Party shall have responsibility for its respective fees and costs associated with the preparation of the filings required under antitrust and Transaction control Laws in any other jurisdiction. For all such
filings, Buyer and Buyer’s Designee (as applicable) shall pay the administrative filing fees required by Law. 
 (f) The
covenants under this Section 5.5 shall be subject to, and shall not apply to, any action, effort, filing, consent, proceedings, or other activity or matter under any Bankruptcy Rules or the Bankruptcy Code (including the Final Sale
Order). 
 Section 5.6 Intercompany Agreements. On or prior to the Closing, Kodak shall use commercially reasonable
efforts to amend, modify or terminate and to cause its Affiliates to amend, modify or terminate any Intercompany Contract, in each case as determined by Kodak, to exclude the Assigned Assets from such Intercompany Contract. 

Section 5.7 Ancillary Agreements. Subject to the entry of the Final Sale Order, at Closing and in accordance with
Section 5.14, Kodak and Buyer will, or will cause their respective Affiliates (and in the case of Buyer, its Designee and the Licensees) to, as applicable, enter into the Kodak DC/KISS Grant-Back License Agreements, the Royalty
Assignment Agreements, the Assumption Agreements, the Patent Assignment Agreements, the Retained 

  
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Patents License Agreements and the Bidco DC/KISS Patent License Agreements and such other agreements as agreed to by the parties (each an “Ancillary Agreement” and
collectively, the “Ancillary Agreements”). Following Closing, Kodak shall not (i) assign, transfer, amend, modify, reject or terminate any Bidco DC/KISS Patent License Agreement or (ii) reject any Retained Patents
License Agreement. For the avoidance of doubt, the entry into any Ancillary Agreement by Kodak or Buyer or Buyer’s Designee (as applicable) will not be deemed a breach of any representation, warranty or covenant of Kodak or Buyer contained in
this Agreement, or in the case of Buyer’s Designee (as applicable), the applicable Joinder Agreement. 

Section 5.8 Taxes and Other Fees. 
 (a) Buyer (and its Designee, as applicable) will bear, pay and be solely liable for all federal, state, local, or foreign excise, sales, use, value added, transfer, stamp, documentary, filing, recordation
and other similar taxes or governmental fees (including fees to record any assignments to Assigned Patents in any jurisdictions) that may be imposed or assessed as a result of the Transaction (including, for the avoidance of doubt, such taxes and
governmental fees imposed or assessed on the transfer of the Patent Documents, and excluding any and all taxes, customs and duties which may be levied, assessed or imposed in connection with the Bidco DC/KISS Patent License Agreements or payments
required thereunder, which shall be payable as provided thereunder), together with any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties (“Transfer Tax” and
“Transfer Taxes”). Except in the case of Transfer Taxes required to be collected, remitted or paid by Kodak or any Affiliate, representative or agent thereof (which shall be paid by Buyer (or its Designee, as applicable) to
Kodak at least three (3) Business Days prior to their due date, provided that Buyer (or its Designee, as applicable) has received a written notice from Kodak that such Transfer Taxes are due and payable and the due date therefor, and shall be
remitted by Kodak to the appropriate taxing authorities), Buyer (or its Designee, as applicable) will timely remit to the appropriate taxing authorities all Transfer Taxes as required by Law to the extent imposed on the payment of the Closing Amount
or the Deposit to Kodak, and will provide Kodak with written evidence that such payment was made. Kodak and Buyer (and its Designee, as applicable) will cooperate fully with each other and take all commercially reasonable steps to legitimately
obtain a reduction or elimination of, or credit for, any Transfer Taxes arising from the Transaction, including with respect to delivery location. 
 (b) Each payment made by Buyer (or its Designee, as applicable) to Kodak under this Agreement and the Ancillary Agreements (including the Closing Amount, the License Fees and the Deposit) shall be made
without withholding or deduction for any Taxes, unless such withholding or deduction is required by Law. Amounts so withheld or deducted shall be treated for all purposes of this Agreement and the Ancillary Agreements as having been paid to Kodak,
except in the case of amounts withheld for Transfer Taxes. Notwithstanding the preceding sentence, if any amount is required to be withheld or deducted by Law, the amount payable or deposited by Buyer or its Designee (as applicable) shall be
increased as necessary so that, net of such withholding or deduction, the applicable recipient receives the amount it would have received had no such withholding or deduction been made. Kodak and Buyer (and Buyer’s Designee, as applicable) will
cooperate fully with each other and take all commercially reasonable steps to (i) file certificates and other documentation with Taxing authorities, and (ii) provide all information, witnesses, materials, documents and pertinent records
requested by the 

  
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other to enable it to prepare a Tax return or comply with, or contest or litigate an audit of such Tax return or any proposed adjustments thereto. Any obligation by Buyer or its Designee set
forth in this Section 5.8(b) is contingent on the accuracy of Kodak’s representation in Section 4.1(h) at the time of Closing. 
 Section 5.9 Confidentiality. 
 (a) At all times after Closing, each of
Buyer and Buyer’s Designee, as applicable, will, and will cause its Affiliates and Representatives to, (i) treat as confidential and safeguard any and all information, knowledge or data relating to the business of Kodak and its Affiliates
that has become or becomes known to each of Buyer, Buyer’s Designee as applicable, or their respective Affiliates or Representatives as a result of the Transaction, the FlashPoint Agreements or Buyer’s, Buyer’s Designee’s (as
applicable), or their respective Representatives’ due diligence investigations in connection therewith (such information, knowledge or data, the “Kodak Confidential Information”) and (ii) with respect to all such
Kodak Confidential Information, use the same standard of care, but no less than a reasonable standard of care, to prevent the unauthorized use, dissemination or disclosure of such Kodak Confidential Information as Buyer or Buyer’s Designee, as
applicable, uses in the protection of other proprietary information of Buyer or Buyer’s Designee, as applicable; provided, however, that, after Closing, Buyer and Buyer’s Designee, as applicable, will not be bound by the
provisions contained in the foregoing clauses (i) or (ii) with respect to information to the extent related to the Assigned Patents. Nothing contained in this Section 5.9(a) will in any way restrict or impair the right of Buyer
or Buyer’s Designee, as applicable, to use, disclose or otherwise deal with information which (v) is or becomes a matter of public knowledge through no fault of Buyer or Buyer’s Designee, as applicable, (w) was already in
Buyer’s or Buyer’s Designee’s (as applicable) possession at the time of the disclosure of the information to it, and was not acquired, directly or indirectly, under any obligation of confidentiality to Kodak or its Affiliates or to
any other Person, (x) is rightfully received by Buyer or Buyer’s Designee, as applicable, from a Person having no duty of confidentiality to Kodak; provided that Buyer or Buyer’s Designee, as applicable, did not know and should
not have known after a reasonable inquiry that the source of such information was bound by a confidentiality agreement with respect to such material that prohibited it from furnishing or making available the information to Buyer or Buyer’s
Designee, as applicable, on a non-confidential basis, (y) is independently developed by Buyer or Buyer’s Designee, as applicable, without the use of Kodak Confidential Information, or (z) is disclosed to any Tax authority as required
by Law. If Buyer or Buyer’s Designee, as applicable, is requested in any judicial or administrative proceeding or by any governmental or regulatory authority to disclose any Kodak Confidential Information, Buyer or Buyer’s Designee, as
applicable, will (i) give Kodak prompt notice of such request so that Kodak may seek an appropriate protective order and (ii) consult with Kodak as to the advisability of taking legally available steps to resist or narrow such a request.
Buyer or Buyer’s Designee, as applicable, will cooperate fully with Kodak in obtaining such an order. If in the absence of a protective order Buyer or Buyer’s Designee, as applicable, is nonetheless compelled to disclose Kodak Confidential
Information, Kodak agrees that Buyer or Buyer’s Designee, as applicable, may make such disclosure without liability hereunder, provided that Buyer or Buyer’s Designee, as applicable, gives Kodak written notice of the information to
be disclosed as far in advance of its disclosure as is practicable and, upon Kodak’s request, Buyer or Buyer’s Designee, as applicable, uses its reasonable best efforts to obtain assurances that confidential treatment will be accorded to
such information. 

  
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 (b) At all times after Closing, Kodak will, and will cause its Affiliates and
Representatives to, (i) treat as confidential and safeguard any and all information, knowledge or data relating to (x) the Assigned Patents or (y) the business of Buyer and its Affiliates that has become or becomes known to Kodak or
its Affiliates or Representatives as a result of the Transaction, the FlashPoint Settlement Agreement or Kodak’s or its Representatives’ due diligence investigations in connection therewith (such information, knowledge or data relating to
clause (y), the “Buyer Confidential Information”) and (ii) with respect to all such Buyer Confidential Information, use the same standard of care, but no less than a reasonable standard of care, to prevent the
unauthorized use, dissemination or disclosure of such Buyer Confidential Information as Kodak uses in the protection of other proprietary information of Kodak. Solely with respect to Kodak’s obligations regarding Buyer Confidential Information,
as set forth in the preceding sentence, Kodak will not in any way be restricted or impaired from using, disclosing or otherwise dealing with information which (v) is or becomes a matter of public knowledge through no fault of Kodak,
(w) was already in Kodak’s possession at the time of the disclosure of the information to it, and was not acquired, directly or indirectly, under any obligation of confidentiality to Buyer or its Affiliates or to any other Person,
(x) is rightfully received by Kodak from a Person having no duty of confidentiality to Buyer; provided that Kodak did not know and should not have known after a reasonable inquiry that the source of such information was bound by a
confidentiality agreement with respect to such material that prohibited it from furnishing or making available the information to Kodak on a non-confidential basis, (y) is independently developed by Kodak without the use of Buyer Confidential
Information, or (z) with respect to Buyer Confidential Information and the Assigned Patents, is disclosed to any Tax authority as required by Law. If Kodak is requested in any judicial or administrative proceeding or by any governmental or
regulatory authority to disclose any Buyer Confidential Information, Kodak will (i) give Buyer prompt notice of such request so that Buyer may seek an appropriate protective order and (ii) consult with Buyer as to the advisability of
taking legally available steps to resist or narrow such a request. Kodak will cooperate fully with Buyer in obtaining such an order. If in the absence of a protective order Kodak is nonetheless compelled to disclose Buyer Confidential Information,
Buyer agrees that Kodak may make such disclosure without liability hereunder, provided that Kodak gives Buyer written notice of the information to be disclosed as far in advance of its disclosure as is practicable and, upon Buyer’s
request, Kodak uses its reasonable best efforts to obtain assurances that confidential treatment will be accorded to such information. 
 (c) At all times after Closing, Kodak will, and will cause its Affiliates and Representatives to, (i) treat as confidential and safeguard any and all information, knowledge or data relating to
(x) the Assigned Patents or (y) the business of Designee (as applicable) and its Affiliates that has become or becomes known to Kodak or its Affiliates or Representatives as a result of the Transaction, the FlashPoint Settlement Agreement
or Kodak’s or its Representatives’ due diligence investigations in connection therewith (such information, knowledge or data relating to clause (y), the “Designee Confidential Information”) and (ii) with
respect to all such Designee Confidential Information, use the same standard of care, but no less than a reasonable standard of care, to prevent the unauthorized use, dissemination or disclosure of such Designee Confidential Information as Kodak
uses in the protection of other proprietary information of Kodak. Solely with respect to Kodak’s obligations regarding Designee Confidential Information, as set forth in the preceding sentence, Kodak will not in any way be restricted or
impaired from using, disclosing or otherwise dealing with information which (v) is 

  
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or becomes a matter of public knowledge through no fault of Kodak, (w) was already in Kodak’s possession at the time of the disclosure of the information to it, and was not acquired,
directly or indirectly, under any obligation of confidentiality to Designee (as applicable) or its Affiliates or to any other Person, (x) is rightfully received by Kodak from a Person having no duty of confidentiality to Designee;
provided that Kodak did not know and should not have known after a reasonable inquiry that the source of such information was bound by a confidentiality agreement with respect to such material that prohibited it from furnishing or making
available the information to Kodak on a non-confidential basis, (y) is independently developed by Kodak without the use of Designee Confidential Information, or (z) with respect to Designee Confidential Information and the Assigned
Patents, is disclosed to any Tax authority as required by Law. If Kodak is requested in any judicial or administrative proceeding or by any governmental or regulatory authority to disclose any Designee Confidential Information, Kodak will
(i) give Designee prompt notice of such request so that Designee may seek an appropriate protective order and (ii) consult with Designee as to the advisability of taking legally available steps to resist or narrow such a request. Kodak
will cooperate fully with Designee in obtaining such an order. If in the absence of a protective order Kodak is nonetheless compelled to disclose Designee Confidential Information, Designee agrees that Kodak may make such disclosure without
liability hereunder, provided that Kodak gives Designee written notice of the information to be disclosed as far in advance of its disclosure as is practicable and, upon Designee’s request, Kodak uses its reasonable best efforts to
obtain assurances that confidential treatment will be accorded to such information. 
 (d) Notwithstanding this
Section 5.9 (but subject to the obligations set forth in the final three sentences of Section 5.9(a), Section 5.9(b)) and Section 5.9(c)), nothing contained in this Agreement, the Transaction Documents
or the FlashPoint Agreements shall be deemed to prohibit Buyer, Buyer’s Designee (as applicable), Kodak or their respective Affiliates, from disclosing any information as may be required, based on the advice of legal counsel, under the
Bankruptcy Code or the Bankruptcy Rules or any legal process before, or any order of, any Governmental Entity. 

Section 5.10 Public Disclosure. Subject to the parties’ disclosure obligations imposed by Law, the parties shall
(a) cooperate with each other in the development and distribution of all news releases, other public information disclosures and public announcements with respect to this Agreement, or any of the transactions contemplated by this Agreement, the
other Transaction Documents and the FlashPoint Settlement Agreement and (b) not issue any such announcement or statement prior to consultation with, and the approval of, the other party (including Buyer’s Designee, as applicable) (such
approval not to be unreasonably withheld, conditioned or delayed); provided that approval shall not be required where a party determines, based on advice of counsel and after consultation with the other party (including Buyer’s Designee, as
applicable), that such disclosure is required by Law or the rules of any stock exchange on which the securities of such party or any of its Affiliates are listed. 
 Section 5.11 Non-Solicitation. From the date of this Agreement until the date the Bankruptcy Court enters the Final Sale Order, Buyer shall not, and shall cause its Affiliates not to, without
the prior consent of Kodak, either directly or indirectly solicit or entice away or cause to be solicited or enticed away any employee of Kodak involved in the licensing operation or function of Kodak; provided, that nothing in this
Section 5.11 shall restrict or preclude the 

  
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solicitation or employment of any such person (a) resulting from generalized, non-targeted searches for employees by use of bona fide public advertisements in the media (including trade
media), (b) resulting from ordinary course hiring practices (including any recruitment efforts conducted by any recruitment agency) that are not targeted specifically at employees engaged in connection with the Assigned Assets or other
employees of Kodak associated with the Transaction, or (c) using executive search firms to conduct searches for employees by use of methods that are not targeted specifically at such employees. 

Section 5.12 Actions Under Assigned Patents Following Closing. Following Closing, Buyer (and its Designee, as applicable)
shall not (a) grant any license or release under any Assigned Patent to any Third Party listed on Section 5.12 of the Disclosure Schedule (or any of such Third Parties’ Affiliates) to the extent any such license or release
would (i) grant rights within the scope of the licenses granted by Kodak to such Third Parties (or any of such Third Parties’ Affiliates) or (ii) waive rights, in either case, under the contractual arrangements by and between Kodak
and such Third Party (or any of such Third Parties’ Affiliates) listed on Section 5.12 of the Disclosure Schedule (as amended prior to the date hereof, the “Third Party Agreements”), during the applicable
term of the respective Third Party Agreement, or (b) waive, release, settle or assign any claim or potential claim under any Third Party Agreement prior to the one year anniversary of the expiration of such Third Party Agreement (and with
respect to any such claim under any such Third Party Agreement made prior to such one year anniversary, at any time thereafter). Any license to any Assigned Patents granted by Buyer (or its Designee, as applicable) to any Third Party (or any of such
Third Parties’ Affiliates) shall expressly prohibit the grant of such rights or releases to any such Third Party (or any of such Third Parties’ Affiliates) by any such licensee. 

Section 5.13 Exclusivity; No Solicitation of Transaction. Kodak represents that, other than with respect to the Transaction
and the FlashPoint Agreements, Kodak is not a party to or bound by any agreement with respect to a possible merger, sale, restructuring or other disposition, in each case, with respect to all or any part of the Assigned Assets. From the date hereof
until the Closing Date, Kodak shall not, directly or indirectly, (a) solicit or participate in negotiations or discussions regarding any Alternative Transaction, regardless of whether such offer was unsolicited, or furnish any information with
respect to, assist or participate in or facilitate in any other manner any effort or attempt by any Person (other than Buyer and Buyer’s Designee (as applicable) and their respective Affiliates) to do or seek to do any of the foregoing,
(b) execute an agreement with respect to an Alternative Transaction, (c) seek or support Bankruptcy Court approval of a motion, objection, order or other filing inconsistent in any way with the Transaction or (d) discuss, negotiate or
consummate any transaction involving the issuance, redemption, sale or exchange or other disposition of any equity interest in Kodak, other than discussions, negotiations or consummations that would not adversely affect Kodak’s ability to
consummate the Transaction. 
 Section 5.14 Retained Patents and Bidco DC/KISS Patent License Agreements.
Simultaneous with the Closing, but immediately prior to the sale, conveyance, transfer, assignment and delivery to Buyer (and its Designee, as applicable) of the Assigned Assets, Kodak shall (a) license the Assigned Patents pursuant to the
applicable Bidco DC/KISS Patent License Agreements to each of the respective licensees set forth in each such Bidco DC/KISS Patent License Agreement, and (b) license the Licensed Patents (as defined in the

  
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Retained Patents License Agreement) pursuant to a Retained Patents License Agreement entered into with each such respective licensee, in each case in exchange for the license fee set forth
therein (each such fee a “License Fee”, and the aggregate amount of such fees, the “License Fees”). 
 Section 5.15 Waiver and Release. Effective from and after the Closing, each of Kodak and Buyer (and Buyer’s Designee, as applicable), on behalf of itself and, as applicable, its
respective former, current and future equity holders, controlling persons, directors, trustees, officers, employees, estate, Affiliates, representatives, attorneys, advisors, agents, members, managers, general and limited partners, successors and
assignees and the successors and assignees of any former, current and future equity holders, controlling persons, directors, trustees, officers, employees, Affiliates, representatives, attorneys, advisors, agents, members, managers, general and
limited partners, and the successors and assignees of any of the foregoing (separately and collectively, the “Releasors”) will irrevocably, unconditionally and completely release and forever discharge (a) Kodak (with
respect to the release and discharge by Buyer and its Designee) and (b) Buyer and its Designee (with respect to the release and discharge by Kodak) (the released and discharged party and, as applicable, its respective former, current and future
equity holders, controlling persons, directors, trustees, officers, employees, estate, Affiliates, representatives, attorneys, advisors, agents, members, managers, general and limited partners, successors and assignees and the successors and
assignees of any former, current and future equity holders, controlling persons, directors, trustees, officers, employees, Affiliates, representatives, attorneys, advisors, agents, members, managers, general and limited partners, and the successors
and assignees of any of the foregoing, separately and collectively, the “Releasees”) from, and will irrevocably, unconditionally and completely waive and relinquish, any obligations and liabilities of such other Party’s
Releasees, and any and all claims, demands, actions, losses, causes of action of whatever kind, known or unknown, that any of the respective Releasors may have had in the past, may now have or may have in the future against the other Party’s
Releasees, to the extent arising out of such other Party’s entry into this Agreement or the consummation of the sale and purchase of the Assigned Assets in accordance with the terms of this Agreement. For the avoidance of doubt, this
Section 5.15 does not apply to (a) Kodak’s claim regarding any prepetition claims, including those set forth on Schedule 5.15, (b) any breach by (x) Buyer (or Buyer’s Designee, as applicable) or Kodak or
their respective Releasees of the Buyer Non-Disclosure Agreement (or Designee Non-Disclosure Agreement, as applicable), the Ancillary Agreements or the covenants contained in this Agreement that survive the Closing or the termination of this
Agreement or by any party under the Funding Commitment pursuant to the terms thereof, or (y) Kodak of the Ancillary Agreements or any of its covenants or agreements set forth in Section 5.3. 

Section 5.16 Expense Adjustment. 
 (a) Buyer shall inform Kodak in writing promptly if and when it begins to incur Expenses under this Agreement, and Buyer shall thereafter use its reasonable commercial efforts to inform Kodak in writing
promptly of each One Million US Dollars ($1,000,000) of incremental Expenses Buyer incurs, (as determined based on Buyer’s good faith estimates) and, upon the reasonable request of Kodak, to provide Kodak with its estimated allocation of such
Expenses. 

  
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 (b) No later than five (5) days prior to the Closing, Buyer shall deliver to Kodak a
written statement setting forth in reasonable detail all Expenses Buyer has incurred, as well as a reasonable estimate of any Expenses likely to be incurred by Buyer from the date on which such written statement is delivered to Kodak until the
Closing, such statement to be accompanied by documentation evidencing all amounts actually incurred; provided that Buyer shall, promptly at the Closing, deliver an updated statement setting forth in reasonable detail such Expenses as Buyer
has incurred in the interim. Kodak shall have the right to review the detail supporting any statement provided hereunder or any of the related remittances, and for the purposes of verifying the amounts set forth on such statements or remittances,
Buyer shall provide to Kodak any supporting documentation reasonably requested by Kodak with respect to any such statement or remittance. 
 Section 5.17 Grant of Bidco DC/KISS Licenses Following an Alternate Transaction Event. In the event that both an Alternate Transaction Event (as such term is defined in the Funding Commitment)
and the Closing occurs, and Kodak brings an Action against the Breaching Participant(s) (as such term is defined in the Funding Commitment) for breaching the Funding Commitment, then Buyer (and Buyer’s Designee, as applicable), hereby agree,
during the pendency of such Action, not to grant such Breaching Participant(s) a license, covenant not to assert, release, immunity or similar right to the Assigned Patents unless directed by Kodak as part of a settlement of such Action (such
license a “Settlement License”) and, if directed by Kodak, to grant such a Settlement License; provided however (i) any Settlement License must be substantially similar to the Bidco DC/KISS Patent License
Agreement that would have been granted to such Breaching Participant(s) hereunder but for their breach of the Funding Commitment (but identical with respect to the scope of the rights granted and the license fee contained in such Bidco DC/KISS
Patent License Agreement), (ii) that in the event that any settlement of such Action does not result in a Settlement License, then Buyer (and Buyer’s Designee, as applicable) expressly reserves the right to collect patent infringement
damages accruing with respect to the Breaching Participant(s) during the pendency of Action, (iii) this Section 5.17 does not grant or convey any licenses, authorizations or other rights under any patents or patent applications,
whether expressly or by implication, estoppel, reliance or otherwise, all of which are expressly disclaimed, to the Breaching Participant(s), and (iv) this Section 5.17 does not release or waive any claims Buyer (and Buyer’s
designee, as applicable) may have against the Breaching Participant(s) pursuant to the Funding Commitment. 
 ARTICLE VI

 CONDITIONS TO CLOSING 
 Section 6.1 Condition to the Obligations of Buyer and Kodak. The obligations of Buyer (and Buyer’s Designee, as applicable) and of Kodak to effect Closing are subject to the satisfaction
or written waiver at or prior to Closing of each of the following conditions: 
 (a) Final Sale Order. The Final Sale
Order will have been entered by the Bankruptcy Court, and following such entry thereof the Final Sale Order will not have been modified, revised or amended in any respect (except to the extent such modifications, revisions

  
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or amendments have been approved by Kodak and Buyer in their sole discretion) and will not be subject to a stay or have been vacated or reversed. 

(b) No Order. No Governmental Entity shall have entered any injunction or restraining order or promulgated, enacted or issued any
Law after the date of this Agreement prohibiting the consummation of the Transaction. 
 Section 6.2 Further Conditions
to the Obligation of Buyer. The obligation of Buyer (and Buyer’s Designee, as applicable) to effect Closing is subject to the satisfaction or written waiver at or prior to Closing of each of the following further conditions: 

(a) Representations and Warranties. The representations and warranties of Kodak contained in Section 4.1 will be true
and correct (without giving effect as to “materiality”) (i) when made as of the date of this Agreement and (ii) as of the Closing Date, as if made on and as of the Closing Date (except that in the case of each of clauses
(i) and (ii) representations and warranties given as of a specific date need be true only as of such date), in the case of each of clauses (i) and (ii), in all material respects. Kodak will have delivered to Buyer a certificate of an
authorized officer of Kodak to the effect that the condition specified in the immediately prior sentence is satisfied. 
 (b)
Covenants. The covenants and agreements of Kodak to be performed prior to Closing will have been duly performed in all material respects. Kodak will have delivered to Buyer a certificate of an authorized officer of Kodak to the effect that
the condition specified in the immediately prior sentence is satisfied. 
 (c) Ancillary Agreements. Kodak will have duly
executed and delivered each Ancillary Agreement and each Ancillary Agreement shall be in full force and effect. 
 (d)
Closing Deliveries. The closing deliveries set forth in Section 3.3(a) will have been made. 
 (e)
FlashPoint Settlement. The FlashPoint Settlement Agreement, which resolves FlashPoint’s claims with respect to the Assigned Patents, shall be in full force and effect, and FlashPoint shall have confirmed receipt of the FlashPoint
Settlement Amount in accordance with Section 3.3(b)(ii). 
 Section 6.3 Further Conditions to the Obligation
of Kodak. The obligation of Kodak to effect Closing is subject to the satisfaction or written waiver at or prior to Closing of each of the following further conditions: 
 (a) Representations and Warranties. The representations and warranties of Buyer contained in Section 4.2, and of Buyer’s Designee, as applicable, contained in Section 6 of the
Joinder Agreement, will be true and correct (without giving effect as to “materiality”) (i) when made as of the date of this Agreement (or with respect to such representations and warranties of Buyer’s Designee, as applicable, as
of the date of the Joinder Agreement) and (ii) as of the Closing Date, as if made on and as of the Closing Date (except that in the case of each of clauses (i) and (ii) representations and warranties given as of a specific date need
be true only as of such date), in the case of each of clauses (i) and (ii), in all material respects. Buyer 

  
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and Buyer’s Designee, as applicable, will have delivered to Kodak a certificate of an authorized officer of Buyer and Buyer’s Designee, as applicable, to the effect that the condition
specified in the immediately prior sentence is satisfied. 
 (b) Covenants. The covenants and agreements of Buyer and
Buyer’s Designee, as applicable, to be performed prior to Closing will have been duly performed in all material respects. Buyer and Buyer’s Designee, as applicable, will have delivered to Kodak a certificate of an authorized officer of
Buyer and Buyer’s Designee, as applicable, to the effect that the condition specified in the immediately prior sentence is satisfied. 
 (c) Ancillary Agreements. Buyer and Buyer’s Designee, as applicable, will have duly executed and delivered each Ancillary Agreement to which it is a party and each Ancillary Agreement shall be
in full force and effect. 
 (d) Payment. Kodak shall have received in full the Closing Amount and the License Fees
including the release of the Deposit in accordance with the terms of the Escrow Agreement, in each case as provided in this Agreement. 
 (e) Closing Deliveries. The closing deliveries set forth in Section 3.3(b) will have been made. 
 (f) Additional Closing Deliveries. At Closing, Buyer and Buyer’s Designee, as applicable, will deliver to Kodak such other instruments or documents, in form and substance reasonably acceptable
to Kodak, as may be necessary to effect Closing. 
 (g) FlashPoint Settlement. The FlashPoint Settlement Agreement, which
resolves FlashPoint’s claims with respect to the Assigned Patents, shall be in full force and effect, and FlashPoint shall have confirmed receipt of the FlashPoint Settlement Amount in accordance with Section 3.3(b)(ii). 

ARTICLE VII 
 TERMINATION 
 Section 7.1 Termination. This Agreement may be
terminated (in each case in the following clauses (b) – (j), by written notice from the terminating party to the other party) at any time prior to Closing as follows: 
 (a) by mutual written agreement of Buyer and Kodak; 
 (b) by either party, at any
time prior to the entry of the Final Sale Order, upon or following the date that a Final Order of the Bankruptcy Court or any court with appellate jurisdiction therefrom shall be entered vacating or reversing in any material respect the Conditional
Sale Order; 
 (c) by Buyer, if the Supplemental Sale Motion has not been filed with the Bankruptcy Court within five
(5) days of the date hereof and duly noticed in all material respects in accordance with the Bankruptcy Rules and any relevant order of the Bankruptcy Court, 

  
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provided, that Buyer shall have the right to terminate this Agreement pursuant to this Section 7.1(c) only for so long as the Supplemental Sale Motion has not thereafter been
filed with the Bankruptcy Court and duly noticed in all material respects in accordance with the Bankruptcy Rules and any relevant order of the Bankruptcy Court; 
 (d) by either party, if the Final Sale Order has not been entered by the Bankruptcy Court within forty-five (45) days following the filing of the Supplemental Sale Motion, provided, that
either party shall have the right to terminate this Agreement pursuant to this Section 7.1(d) only for so long as the Final Sale Order has not thereafter been entered by the Bankruptcy Court; 

(e) by Kodak, if all conditions to Closing set forth in Section 6.1 and Section 6.2 have
been satisfied or waived by Buyer and Buyer’s Designee, as applicable, (other than those conditions that by their nature are to be satisfied by actions taken at the Closing) and Buyer or Buyer’s Designee, as applicable, breaches its
obligations under Section 3.3 and fails to consummate the Transaction by the earlier of the fifth
(5th) Business Day after the Closing should have
occurred pursuant to Section 3.3 and the Outside Date; 
 (f) by Buyer, if all conditions to
Closing set forth in Section 6.1 and Section 6.3 have been satisfied or waived by Kodak (other than those conditions that by their nature are to be satisfied by actions taken at the Closing) and Kodak breaches its obligations
under Section 3.3 and fails to consummate the Transaction by the earlier of the fifth (5th) Business Day after the Closing should have occurred pursuant to Section 3.3 and the Outside Date; 
 (g) by Kodak if Buyer or Buyer’s Designee, as applicable, breaches or fails to perform any representation, warranty, covenant or agreement set forth herein or in the Joinder Agreement such that the
conditions in Section 6.1 or Section 6.3 are not satisfied and such breach or failure is incurable or is not cured within twenty (20) days after written notice thereof; 

(h) by Buyer if Kodak breaches or fails to perform any representation, warranty, covenant or agreement set forth herein such that the
conditions set forth in Section 6.1 or Section 6.2 are not satisfied and such breach or failure is incurable or is not cured within twenty (20) days after written notice thereof; 

(i) by either party if Closing has not occurred within seventy-five (75) days following the date hereof (the “Outside
Date”); provided that the failure of the party seeking to terminate to perform or comply in all material respects with the covenants and agreements of such party under this Agreement shall not have been the cause of, or
resulted in, the failure to consummate the Closing by such date; 
 (j) by either party in the event that any order of any
Governmental Entity restraining, enjoining or otherwise prohibiting the consummation of the Transaction shall become a Final Order; or 
 (k) by Buyer, if any Reviewing Creditor (i) revokes in writing such Reviewing Creditor’s statement of consent or non-objection delivered by such Reviewing Creditor to Buyer simultaneously with
the execution of this Agreement for any reason, including (without limitation) any such revocation taken by a Reviewing Creditor in accordance with the 

  
 - 40 -

 
exercise of any fiduciary duty or contractual right or (ii) seeks discovery in respect of the Transaction or petitions the Bankruptcy Court (whether in a pleading filed with, or orally at a
hearing before, the Bankruptcy Court) or any other court to vacate, void, reverse, enjoin, prohibit or not approve the Transaction or to amend in any material respect the terms of this Agreement or any Ancillary Agreement for any reason, including
(without limitation) any such revocation taken by a Reviewing Creditor in accordance with the exercise of any fiduciary duty or contractual right. 
 Section 7.2 Effect of Termination. In the event of the termination of this Agreement in accordance with Section 7.1, this Agreement will thereupon become void and have no effect,
and no party will have any liability under this Agreement to any other party or, as applicable, their respective former, current and future equity holders, controlling persons, directors, trustees, officers, employees, estate, Affiliates,
representatives, attorneys, advisors, agents, members, managers, general and limited partners, successors and assignees and the successors and assignees of any former, current and future equity holders, controlling persons, directors, trustees,
officers, employees, Affiliates, representatives, attorneys, advisors, agents, members, managers, general and limited partners, and the successors and assignees of any of the foregoing, except for the obligations of the parties contained in this
Section 7.2 and in Section 5.9 (Confidentiality), Section 5.10 (Public Disclosure), Section 8.1 (Notices), Section 8.8 (Expenses), Section 8.10 (Governing Law) and
Section 8.16 (Entire Agreement) (and any related definitional provisions set forth in Article I), and except that nothing in this Section 7.2 will relieve any party from liability for any breach of this Agreement that
arose prior to or as a result of such termination or any breach of the Funding Commitment. The Buyer Non-Disclosure Agreement and the Designee Non-Disclosure Agreement shall survive any termination of this Agreement and nothing in this
Section 7.2 shall relieve Buyer (or Buyer’s Designee, as applicable) or Kodak of their obligations under such Non-Disclosure Agreements (as applicable). 
 ARTICLE VIII 
 GENERAL PROVISIONS 

Section 8.1 Notices. All notices or other communications given hereunder will be deemed to have been duly given and made if
in writing and if served by personal delivery upon the party for whom it is intended or if delivered by a nationally recognized overnight courier service, to the party at the address set forth below, or such other address as may be designated in
writing hereafter, in the same manner, by such party or if sent by facsimile, sent to the facsimile number set forth below: 
  

			
	If to Kodak:	 	Eastman Kodak Company
		 	343 State Street
		 	Rochester, New York 14650
		 	Telephone: 585-724-4000
		 	Facsimile: 585-781-9255
		 	Attn:      General Counsel
		 	
	with copies to:	 	Sullivan & Cromwell LLP
		 	125 Broad Street

  
 - 41 -

			
		 	New York, New York 10004-2498
		 	Telephone: 212-558-4000
		 	Facsimile: 212-558-3588
		 	Attn:      Andrew G. Dietderich
		 	              John Evangelakos
		 	              Krishna Veeraraghavan
		
	If to Buyer:	 	Intellectual Ventures Fund 83 LLC
		 	7251 W Lake Mead Blvd., Ste 300
		 	Las Vegas, Nevada 89128
		 	Attn:      Executive Vice President
		
	with copies to:	 	Intellectual Ventures Management
		 	3150 139th Avenue SE, Building 4
		 	Bellevue, WA 98005
		 	Attn:      General Counsel
		 	              Chief Patent Counsel (IIF2)
		
		 	Shearman & Sterling LLP
		 	599 Lexington Avenue
		 	New York, New York 10022-6069
		 	Telephone: 212-848-4000
		 	Facsimile: 646-848-4831
		 	Attn:      Samuel A. Waxman
		 	              Scott Petepiece

 All such notices and other communications will be deemed to have been given and received effective as of
(a) in the case of personal delivery, on the date of such delivery, (b) in the case of a nationally recognized, overnight courier service, on the business day following dispatch, or (c) in the case of a facsimile, on the date of
transmission if the party sending the facsimile retains electronic confirmation of the accurate transmission thereof. 

Section 8.2 Amendment; Waiver. Any provision of this Agreement may be amended or waived if such amendment or waiver is in
writing and signed, in the case of an amendment, by Buyer and Kodak, or in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by either party in exercising any right, power or privilege hereunder will
operate as a waiver thereof nor will any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided will be cumulative and, except
as otherwise expressly provided herein, not exclusive of any rights or remedies provided by Law. 
 Section 8.3
Assignment. Neither party may assign or delegate its rights or obligations under this Agreement (whether by operation of Law, change of control, or otherwise), either in whole or in part, without the prior written consent of the other party,
except that (a) Buyer may (i) assign, delegate or transfer all or some of its rights or obligations under this Agreement to any of its wholly-owned Subsidiaries, provided that (A) Buyer remains liable jointly and severally with its
assignee for all obligations of Buyer under this Agreement and such 

  
 - 42 -

 
assignment does not delay or impede the consummation of the Transaction or impair the rights of Kodak under any of the Transaction Documents and (B) such transfer will not increase the
amount of Taxes to be incurred by Kodak in connection with the Transaction or reduce the value to Kodak of the Transaction (after taking into account any indemnity obligations of Buyer under Section 5.8) or (ii) designate the party
listed on Schedule 8.3 to purchase certain of the Assigned Patents (such party referred to herein as Buyer’s “Designee”), provided that (A) such party agrees in writing to be bound by the terms and conditions
hereof applicable to Buyer with respect to such Assigned Patents and the purchase thereof by executing immediately following such designation an agreement in the form attached hereto as Exhibit H (such agreement, the “Joinder
Agreement”), (B) such designation occurs immediately after the execution and delivery of this Agreement, (C) following such designation, Buyer will be obligated to purchase a substantial majority of the Assigned Patents and to pay
a substantial majority of the sum of the Closing Amount, and (D) the amount to be paid by Buyer’s Designee in License Fees (as provided under Section 5.14) will be greater than the amount it will be required to pay pursuant to
this Agreement corresponding to its portion of the sum of the Closing Amount, and (b) Kodak may assign, delegate or transfer any of its rights or obligations under this Agreement to any of its Affiliates or to any purchaser or successor of
interest of all or substantially all of the business of Kodak to which the Assigned Patents pertain or pertained or any succeeding entity upon consummation of a plan of reorganization or liquidation pursuant to Chapter 11 of the Bankruptcy Code, in
each case provided that such transfer will not increase the amount of Taxes to be incurred by Buyer (or its Designee, as applicable) in connection with the Transaction or reduce the value to Buyer (or its Designee, as applicable) of the Transaction.
Any attempted assignment or designation in violation of this Section 8.3 will be void and without effect. Each of Buyer and Buyer’s Designee, as applicable, agrees that it will not assign, pledge or otherwise transfer any Assigned
Patents to any Third Party, or designate any Third Party to purchase any Assigned Patents, unless such assignment, pledge, transfer or designation is effected in accordance with the terms of this Agreement and such Third Party expressly agrees to be
bound with respect to such Assigned Patents by all obligations of Buyer or Buyer’s Designee, as applicable, hereunder to Kodak that survive the Closing and no such assignment, pledge or transfer will relieve Buyer or Buyer’s Designee, as
applicable, of any its obligations under this Agreement. Subject to the foregoing, this Agreement will benefit and bind the parties’ successors and permitted assigns. 
 Section 8.4 Survival. Except for the covenants and agreements of Kodak set forth in Section 5.3 (it being agreed and understood that Kodak shall not be required to perform or
comply with such covenant from and after the Closing), none of the (a) covenants or agreements to be performed by either Kodak or Buyer (or Buyer’s Designee as applicable) prior to the Closing pursuant to this Agreement and
(b) representations and warranties of Kodak or Buyer (or Buyer’s Designee if applicable) contained in this Agreement shall survive Closing, and neither Kodak nor Buyer (or Buyer’s Designee if applicable) shall have liability to the
other party after Closing for any breach of any such covenant, agreement, representation or warranty. Except as set forth in the immediately preceding sentence, the covenants and agreements of the parties set forth in this Agreement will survive
until fully performed or until such performance is expressly waived in writing by the other party. Kodak’s right to indemnification pursuant to Section 5.4(c) and Section 8.5 shall survive indefinitely. 

  
 - 43 -

 Section 8.5 Indemnification. Effective as of the Closing, Buyer (and
Buyer’s Designee, if applicable and solely with respect to the Assigned Patents to be acquired by Designee) agrees to indemnify, defend and hold harmless Kodak, its affiliates, directors, officers, shareholders, partners, members, attorneys,
accountants, agents, representatives, advisors and employees, each in their capacity as such (the “Indemnified Parties”) from, against and in respect of any and all losses, costs, damages or expenses, including
attorneys’ fees, imposed on, sustained by, incurred or suffered by, or asserted against, any of the Indemnified Parties, whether in respect of third-party claims, claims between Buyer or Buyer’s Designee, as applicable, and Kodak, or
otherwise, directly or indirectly arising out of or as a result of (a) the Assumed Liabilities, (b) the use, possession, or ownership of the Assigned Assets following the Closing or (c) any claim brought against Kodak by a
counterparty to a Bidco DC/KISS Patent License Agreement (except for (i) any breach by Kodak of the provisions of Section 8.5 of any such Bidco DC/KISS Patent License Agreement, or (ii) any claim of fraud; provided that, if it
is determined that any such Indemnified Party is not liable for fraud with respect to such claim, Buyer (and Buyer’s Designee, as applicable), shall pay to the Indemnified Parties promptly all losses, costs, damages and expenses, including
attorneys’ fees, imposed on, sustained by, incurred or suffered by, or asserted against, such Indemnified Parties relating to such claim). 
 Section 8.6 Reliance. Each of Buyer and Buyer’s Designee, as applicable, and Kodak acknowledges that it is a sophisticated party and has such knowledge and experience in financial and
business matters as to be capable of evaluating independently the merits, risks and suitability of entering into this Agreement and consummating the Transaction. Each of Buyer and Buyer’s Designee, as applicable, and Kodak is dealing with the
other on a professional arm’s-length basis and has expertise in assessing tax, legal, jurisdictional, regulatory and other risks associated with entering into this Agreement and consummating the Transaction. 

Section 8.7 Remedies; Injunctive Relief; No Recourse. 

(a) Damages at law may be an inadequate remedy for the breach by Buyer (or Buyer’s Designee, as applicable) or Kodak of any of its
covenants, promises and agreements contained in this Agreement, and, accordingly, each of Buyer (and Buyer’s Designee, as applicable) and Kodak shall be entitled to injunctive relief with respect to any such breach, including specific
performance of such covenants, promises or agreements or an order enjoining a party from any threatened, or from the continuation of any actual, breach of the covenants, promises or agreements contained in this Agreement. The rights of Buyer (and
Buyer’s Designee, as applicable) and Kodak set forth in this Section 8.7(a) shall be in addition to any other rights which a party may have at law or in equity pursuant to this Agreement. 

(b) Notwithstanding anything that may be expressed or implied in this Agreement, or any document or instrument delivered in connection
herewith, except as set forth under the Funding Commitment, by its acceptance of the benefits of this Agreement, Kodak covenants, agrees and acknowledges that no Person other than Buyer (and Buyer’s Designee, if applicable) has any liability,
obligation or commitment of any nature, known or unknown, whether due or to become due, absolute, contingent or otherwise, under this Agreement and that, notwithstanding that Buyer may be a limited partnership or limited liability company, Kodak has
no right of recovery under this Agreement or under any document or instrument delivered as provided in this Agreement (except as may be set forth under the Funding Commitment), and no 

  
 - 44 -

 
personal liability whatsoever shall attach to, be imposed upon or be incurred by, any former, current or future equity holders, controlling persons, directors, trustees, officers, employees,
advisors, agents, Affiliates, members, managers, general or limited partners, successors or assignees of Buyer (and Buyer’s Designee, if applicable) or any former, current or future equity holder, controlling person, director, trustee, officer,
employee, advisor, agent, Affiliate, member, manager, general or limited partner, successor or assignee of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute,
regulation or applicable Law, or otherwise with respect to each of the foregoing under this Agreement or under any document or instrument delivered as provided in this Agreement. Notwithstanding the foregoing and for the avoidance of doubt, nothing
in this Section 8.7 shall release any License Participant (as defined in the Funding Commitment) of such License Participant’s obligations to pay the amount it is required to pay under the Funding Commitment, including the License
Fees under Section 5.14 in accordance with the terms of the Funding Commitment and this Agreement. 
 (c) EXCEPT IN
THE CASE OF FRAUD, WITHOUT WAIVING ANY OTHER RIGHTS OF THE PARTIES, INCLUDING ANY RIGHT TO SEEK SPECIFIC PERFORMANCE OR SEEK OTHER EQUITABLE RELIEF OR ANY RIGHTS UNDER THE FUNDING COMMITMENT AND EXCEPT FOR ANY LIABILITY OF BUYER PURSUANT TO
SECTION 5.8 AND SECTION 8.5, IN NO EVENT SHALL (i) BUYER’S TOTAL LIABILITY UNDER THIS AGREEMENT EXCEED THE AMOUNT OF THE CLOSING AMOUNT, SUCH CLOSING AMOUNT BEING CALCULATED AS IF ALL LICENSE FEES ARE ACTUALLY RECEIVED BY
KODAK, (ii) BUYER BE LIABLE IN ANY MANNER WHATSOEVER FOR THE BREACH BY (X) ITS DESIGNEE HEREUNDER OF SUCH DESIGNEE’S OBLIGATIONS HEREUNDER, OR (Y) ANY LICENSE PARTICIPANT (AS DEFINED IN THE FUNDING COMMITMENT) OF SUCH LICENSE
PARTICIPANT’S OBLIGATIONS UNDER THE FUNDING COMMITMENT OR UNDER ANY BIDCO DC/KISS PATENT LICENSE AGREEMENT OR RETAINED PATENT LICENSE AGREEMENT, OR (iii) BUYER’S DESIGNEE BE LIABLE IN ANY MANNER WHATSOEVER FOR THE BREACH BY BUYER OF
BUYER’S OBLIGATIONS HEREUNDER (EXCEPT FOR ANY LIABILITY PROVIDED FOR UNDER THE FUNDING COMMITMENT). THE PARTIES ACKNOWLEDGE THAT THESE LIMITATIONS ON POTENTIAL LIABILITIES WERE AN ESSENTIAL ELEMENT IN SETTING CONSIDERATION UNDER THIS AGREEMENT.

 Section 8.8 Expenses. 
 (a) Except as otherwise expressly provided by this Agreement, all costs and expenses incurred in connection with this Agreement, the Transaction and the FlashPoint Agreements will be borne by the party
incurring the same. 
 (b) Notwithstanding the foregoing, if either party terminates this Agreement pursuant to
Section 7.1(d), then Kodak shall pay to Buyer an amount equal to the Termination Expenses in same-day funds promptly, and in no event later than twenty (20) Business Days after the earlier of (i) if Buyer is the terminating
party, delivery of the written notice of termination required by Section 7.1, such notice to include a written statement setting forth in reasonable detail all Termination Expenses Buyer incurred prior to the date of such termination,
and (ii) if 

  
 - 45 -

 
Kodak is the terminating party, Buyer’s delivery of a written statement setting forth in reasonable detail all Termination Expenses incurred prior to the date of such termination;
provided Kodak shall have no obligation to pay any amount pursuant to this Section 8.8(b) if prior to such termination, Buyer or Buyer’s Designee (if applicable) is in material breach of its obligations under this Agreement
or if any License Participant (as defined in the Funding Commitment) is in material breach of its obligations under the Funding Commitment, in each case (i) for which Kodak provided written notice of such material breach prior to such
termination and which material breach was incurable or remained uncured within the earlier of (a) ten (10) days after written notice thereof and (b) such termination, and (ii) which material breach was not caused by a prior
material breach by Kodak of its obligations under this Agreement. To the extent Kodak fails to pay any amount of the Termination Expenses if and when Kodak is required to pay such amount under this Section 8.8(b), Buyer shall have an
Administrative Expense Claim against Kodak and its bankruptcy estate for such unpaid amount as set forth in the Conditional Sale Order. 
 (c) Buyer shall use commercially reasonable efforts to inform Kodak in writing promptly of each One Million US Dollars ($1,000,000) of Termination Expenses Buyer incurs (as determined based on
Buyer’s good faith estimates) and, upon the reasonable request of Kodak, to provide Kodak with its estimated allocation of such Termination Expenses. Kodak shall have the right to review the detail supporting any statement provided hereunder or
any of the related remittances and, for the purposes of verifying the amounts set forth on such statements or remittances, Buyer shall provide to Kodak any supporting documentation reasonably requested by Kodak with respect to any such statement or
remittance. 
 Section 8.9 Schedules. The disclosure of any matter in the Disclosure Schedule referred to in
Section 4.1 will be deemed to be a disclosure for any representation or warranty made by Kodak in Section 4.1 to the extent the applicability of such disclosure to such representation or warranty is reasonably apparent. The
disclosure of any matter in the Disclosure Schedule will expressly not be deemed to constitute an admission by Kodak, or otherwise to imply, that any such matter is material for the purposes of this Agreement. Prior to Closing, Kodak shall deliver
to Buyer and Buyer’s Designee, as applicable, updates to the Disclosure Schedule, if any, containing any additions and changes to the Disclosure Schedule delivered on the date hereof to reflect matters or events which occur after the date
hereof and which are required in order for the representations and warranties set forth in Section 4.1 to be correct. The delivery of such updated Disclosure Schedule shall not be deemed a waiver by Buyer or Buyer’s Designee, as
applicable, of its closing condition contained in Section 6.2(a) but shall be taken into account in determining the satisfaction of such condition. 
 Section 8.10 Governing Law. This Agreement will be governed by and construed in accordance with the Laws of the State of New York without regard to principles of conflicts of law, to the
extent they would result in application of the Laws of any other jurisdiction. The parties hereby submit to the exclusive jurisdiction of the United States Bankruptcy Court for the Southern District of New York and any U.S. federal appellate court
therefrom (or, if the United States Bankruptcy Court for the Southern District of New York declines to or may not accept authority or jurisdiction over a particular matter, the United States District Court for the Southern District of New York; or
if the United States District Court for the Southern District of New York declines to or may not accept jurisdiction over a particular 

  
 - 46 -

 
matter, any state court within New York County of the State of New York) for any actions, suits or proceedings arising out of or relating to this Agreement or the Transaction (and each party
agrees not to commence any action, suit or proceeding relating thereto except in such courts), and each party further agrees that service of any process, summons, notice or document by a nationally recognized overnight courier service to its
respective address set forth in Section 8.1 shall be effective service of process for any action, suit or proceeding brought against it in any such court. 
 Section 8.11 No Presumption. The parties agree that this Agreement was negotiated fairly between them at arm’s-length and that the final terms of this Agreement are the product of the
parties’ negotiations. Each party represents and warrants that it has sought and received experienced legal counsel of its own choosing with regard to the contents of this Agreement and the rights and obligations affected hereby. The parties
agree that this Agreement shall be deemed to have been jointly and equally drafted by them, and that the provisions of this Agreement therefore should not be construed against a party on the grounds that such party drafted or was more responsible
for drafting the provisions. 
 Section 8.12 No Set-off, Deduction or Counterclaim. Except as expressly provided in
Section 3.2 with respect to the Deposit, every payment payable by either party under this Agreement or under any of the other Transaction Documents shall be made in full without any avoidance, reduction, setoff, recoupment, offset,
recharacterization, subordination (whether equitable, contractual, or otherwise), counterclaims, cross-claims, defenses, disallowance, impairment, or any other challenges howsoever arising and shall be free and clear of, and without deduction of, or
withholding for, any amount which is due and payable to such party by the other party whether under this Agreement or under any of the other Transaction Documents or otherwise. 

Section 8.13 Severability. If any provision of this Agreement is determined to be invalid or unenforceable, the validity or
enforceability of the other provisions or of this Agreement as a whole will not be affected; and, in such event, such provision will be deemed revised and interpreted so as best to accomplish the objectives of such provision within the limits of
applicable Law. 
 Section 8.14 Bulk Sales Law. Subject to the entry of the Final Sale Order, each party waives
compliance by the other party with any applicable bulk sales Law. 
 Section 8.15 No Third Party Beneficiaries.
Nothing in this Agreement, express or implied, is intended to, and shall not, confer upon any Person other than Buyer, Buyer’s Designee, Kodak, the Indemnified Parties and their respective successors, legal representatives and permitted
assigns, any legal or equitable rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. 

Section 8.16 Entire Agreement. This Agreement, together with the Ancillary Agreements, the Buyer Non-Disclosure Agreement
(and the Designee Non-Disclosure Agreement, as applicable), the Licensee Supplemental NDAs and the FlashPoint Agreements, contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior agreements
and understandings, oral or written, with respect to such matters. 

  
 - 47 -

 Section 8.17 Headings. The heading references herein are for convenience
purposes only, do not constitute a part of this Agreement and will not be deemed to limit or affect any of the provisions hereof. 
 Section 8.18 Counterparts; Electronic Signatures. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, and all of which will constitute one and
the same Agreement. Facsimile signatures or signatures delivered by email in .pdf or similar format will be deemed original signatures for purposes of this Agreement. 
 [Signature page follows] 

  
 - 48 -

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date
first above written. 
  

					
	 EASTMAN KODAK COMPANY
  

Name:
 Title:
	 		 	 INTELLECTUAL VENTURES FUND 83 LLC

 
 Name:
 Title:

  
 - 49 -EX-10.6

 Exhibit 10.6 
 LEASE AGREEMENT 
 THIS LEASE, made as of this 19 day of March, 2012, between
Fairhope Group, LLC, a Georgia limited liability company, whose address is c/o McCullough Realty, 273 Azalea Road, Suite 2-516, Mobile, Alabama 36609 (hereinafter referred to as “Landlord”), and Computer Programs and Systems,
Inc., a Delaware corporation, whose address is 6600 Wall Street Mobile, Alabama 36695 (hereinafter referred to as “Tenant”). 
 WITNESSETH 
 THAT in consideration of the mutual covenants and agreements herein
contained, it is agreed by and between Landlord and Tenant as follows: 
  

	A.	BASIC LEASE PROVISIONS 

The following constitute the basic provisions of this Lease: 

 

	 	1.	Premises (as defined in Section B) 

  

			
	 a.      Shopping Center
	  	Ecor Rouge
	          Address
	  	100 Greeno Road
		  	Fairhope, Alabama 36604
	          County
	  	Baldwin
		
	 b.      Square Footage
	  	45,020 square feet
	
	 c.      Tenant’s Proportionate Share. Tenant’s Proportionate Share is
72.59%, which is calculated as a fraction, the numerator of which shall be the number of square feet of gross leasable area within the Premises (45,020 square feet) (“Premises GLA”) and the denominator of which shall
be the Shopping Center gross leasable area (62,020 square feet) (“Shopping Center GLA”).

		
	 d.      Space Number
	  	            100                

  

	 	2.	Permitted Use. Tenant shall have the right to use the premises for purposes of general office space and related uses. This includes accessories and any other
related products of these services. 

  

	 	3.	Notices. 

  

			
	 Landlord:
	  	Fairhope Group, LLC
		  	C/o McCullough Realty
		  	273 Azalea Road, Suite 2-516
		  	Mobile, AL 36609
		  	Telephone:  251-478-7223
		  	Facsimile:   251-478-3508
		
	 Tenant:
	  	Computer Programs and Systems, Inc.
		  	C/o David A. Dye, Chairman and CFO
		  	6600 Wall Street Mobile, AL 36695
		  	Telephone:
		  	Facsimile:

  

	 	4.	Effective Date of Lease. Upon execution of lease by all parties. 

  
 1 

 5. Delivery Date for Possession of Premises (“Delivery Date”). Upon
execution of lease by all parties. 
 6. Lease Term Commencement Date. March 1, 2012. 

7. Rent Commencement Date. Base Rent (as defined in Section E), Additional Rent and any other rent provided for herein shall
commence on March 1, 2012. 
 8. Termination Date. The Lease Term shall terminate on February 28, 2024, subject
to any Renewal Term set forth herein. 
 9. Rental Terms and Renewal. 

 

													
	TERM	  	MONTHS	 	  	ANNUAL	 	  	MONTHLY	 
	 Year 1 of the Lease Term
	  	 	1-12	  	  	$	99,129	  	  	$	8,260.75	  
	 Year 2
	  	 	13-24	  	  	$	190,837	  	  	$	15,903.08	  
	 Year 3
	  	 	25-36	  	  	$	263,367	  	  	$	21,947.25	  
	 Year 4
	  	 	37-48	  	  	$	285,877	  	  	$	23,823.08	  
	 Year 5
	  	 	49-60	  	  	$	285,877	  	  	$	23,823.08	  
	 Year 6
	  	 	61-72	  	  	$	346,654	  	  	$	28,887.83	  
	 Year 7
	  	 	73-84	  	  	$	346,654	  	  	$	28,887.83	  
	 Year 8
	  	 	85-96	  	  	$	346,654	  	  	$	28,887.83	  
	 Year 9
	  	 	97-108	  	  	$	346,654	  	  	$	28,887.83	  
	 Year 10
	  	 	109-120	  	  	$	346,654	  	  	$	28,887.83	  
	 Year 11
	  	 	121-132	  	  	$	351,854	  	  	$	29,321.17	  
	 Year 12
	  	 	133-144	  	  	$	351,854	  	  	$	29,321.17	  
	 Years 13-18 (Years 1-5 of the First Option Period)
	  	 	145-216	  	  	$
  
	387,039
 CAP
	  
   
	  	$
  
	32,253.25
 CAP
	  
   

	 Years 19-24 (Years 1-5 of the Second Option Period)
	  	 	217-288	  	  	$
  
	425,743
 CAP
	  
   
	  	$
  
	35,478.58
 CAP
	  
   

 10. Additional Rent. Any amounts to be paid by Tenant to Landlord pursuant to the provisions of
this Lease, including Common Area Maintenance Charges (as defined in Section G.2), all ad valorem taxes (which may be in the form of a leasehold payment to the Fairhope Single Tax Colony), real estate and related taxes (as set forth in Section F.1),
and insurance (as set forth in Section N.4.c), whether such payments are to be periodic and recurring or not, shall be deemed to be “Additional Rent” and otherwise subject to all provisions of this Lease and of law as to the default in the
payment of Base Rent. Additional Rent shall commence on the Rent Commencement Date. 
 11. Estimated First Year Operating
Charges 
  

											
	Common Area Maintenance	  		  	 	$    .70 per square foot	  	  		  	
	FSTC Ground Rent	  		  	 	.55 per square foot	  	  		  	
	Property Insurance	  		  	 	.50 per square foot	  	  		  	
		  		  	  
	  
	 	  		  	
	Total	  		  	 	$ 1.75 per square foot	  	  		  	

 Tenant will pay its proportionate share of actual operating expenses in accordance with this Section A.11
and Sections F.1, G.2 and N.4.c of this Lease. Landlord represents and Tenant acknowledges that the first year’s operating charges set forth above are estimates only for such first year and that such estimates do not establish a limit on
Tenant’s obligation for Additional Rent. 

  
 2 

 12. Tenant Allowance. Landlord has built-into the Base Rent an amount equal to $3.25
per square foot for tenant improvements (“Tenant Improvements”), equaling One Hundred Forty Six Thousand Three Hundred Fifteen Dollars ($146,315.00), spread over the first 5-years of the Lease Term (the “Tenant
Allowance”). 
 13. Security Deposit. NA 

 

	B.	PREMISES AND SHOPPING CENTER 

 1. Description. Landlord hereby leases to Tenant the premises described as follows (the “Premises”): The space within a one-story unit (without basement, balcony, or mezzanine) as
measured from the exterior face of any exterior walls and to the centerline of common walls, and crosshatched on the Site Plan attached hereto as Exhibit A. The shopping center (the “Shopping Center”) is as more fully
described in the legal description, incorporated herein and attached hereto as Exhibit B. 
  

	C.	LEASE TERM 

 1. Lease
Effective Date. The Lease shall be effective on the Effective Date provided in Section A.4. The Lease Term shall commence upon the Lease Term Commencement Date and shall terminate on February 28, 2024 (the “Lease Termination
Date”). The term of the Lease shall be the period beginning on the Lease Term Commencement Date and ending on the Lease Termination Date (the “Lease Term”). 

a. Lease Year. The lease year (“Lease Year”) shall consist of the first twelve (12) full calendar months
following the Lease Term Commencement Date and every anniversary thereof. If the Lease Term Commencement Date does not occur on the first day of a calendar month, the first Lease Year shall consist of the partial first month plus the following
twelve (12) calendar months. Each succeeding Lease Year shall be twelve (12) consecutive months following the expiration of the first Lease Year. 
 2. Commencement Certificate. Upon the Rent Commencement Date, Landlord will prepare a written instrument stipulating the Lease Term Commencement Date, the Rent Commencement Date, and the Lease
Termination Date to be signed by all parties. 
 3. Renewal. 

a. Option to Renew. Provided Tenant is not in default hereunder beyond any applicable cure period at the time of renewal, Landlord
hereby grants to Tenant the option to renew this Lease for the periods stipulated in Section A.9 as the First Option Period and the Second Option Period (each a “Renewal Term”). Each Renewal Term shall be based upon all the terms
and conditions contained in this Lease except that the Common Area Maintenance Charge for each Renewal Term shall be reset to the actual incurred amount notwithstanding the effect of any applicable cap for the Initial Term or the first Renewal Term,
as the case may be; provided, however, the applicable cap on increases shall be applied during each such Renewal Term after said reset. Payment of Base Rent shall be as set forth for such Renewal Term in Section A.9, or, if applicable, the Market
Rent (as hereinafter defined) determined to be applicable to such Renewal Term pursuant to Section 3(b) below. Notice of election by Tenant to exercise the option shall be given to Landlord in writing at least one hundred eighty (180) days
prior to the expiration of the then current term (“Renewal Notice”). 

  
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 b. Option to Renew upon Good Faith Rejection of Pre-negotiated Base Rent. Provided
(i) Tenant is not in default hereunder beyond any applicable cure period at the time of renewal, and (ii) Tenant has accepted of all terms stipulated in Section 3(a) above with the exception that Tenant has a good faith belief that
the pre-negotiated Base Rent set forth for such Renewal Term in Section A.9 exceeds the then-current Market Rent, then Base Rent payable during such Renewal Term shall be readjusted to reflect “Market Rent” as calculated below for such
Renewal Term. For purposes hereof, “Market Rent”, shall mean the annual amount per square foot, and which can be calculated on an annual basis, that a willing tenant would pay and a willing landlord would accept in arm’s length
bona fide negotiations, without any additional inducements, for a lease of comparable space in comparable buildings in the same geographic submarket as the Premises (excluding any consideration of the depreciated value of the leasehold improvements
therein, since Tenant will have paid for the tenant improvements in the Premises; but including an amount equal to the depreciated free rent period and the landlord’s depreciated contribution toward Tenant Improvements in the Tenant Allowance
as these amounts were given as concessions to the tenant to help pay for Tenant Improvements in the Premises; for purposes of this option to renew, depreciation shall be based on a straight age-life method utilizing a maximum of twenty
(20) years for useful life) on the same terms and conditions for the specified period of time, except as set forth above and taking into account the Additional Rent to be effective during such period. Concurrent with the date that Tenant
delivers its Renewal Notice, Tenant shall deliver in writing to Landlord its determination of Market Rent for the Renewal Term, which is required to exhibit that Tenant in good faith believes that the pre-negotiated Base Rent set forth for such
Renewal Term in Section A.9 exceeds then-current Market Rent (the “Market Rent Notice”). If Landlord objects to Tenant’s determination of Market Rent for the Renewal Term, Landlord shall notify Tenant in writing, within ten
(10) days after receipt of Tenant’s Market Rent Notice, that Landlord disagrees with Tenant’s determination of Market Rent for the Renewal Term. Landlord and Tenant shall use each of their respective good faith efforts to resolve such
disagreement and agree upon the Market Rent for the Renewal Term. In the event that Landlord and Tenant are unable to agree upon the Market Rent for the Renewal Term within twenty (20) days, then the Market Rent for the Renewal Term shall be
determined by appraisal in the manner provided below. 
 In the event that Landlord and Tenant are unable to agree upon the
Market Rent for the Renewal Term as set forth above, the Market Rent for the Renewal Term shall be determined as follows, in each case giving due consideration of the Additional Rent to be charged during such period: The leasehold for the Renewal
Term shall be appraised by an independent MAI appraiser, or an independent appraiser of comparable experience licensed or certified by the state of Alabama to perform commercial appraisals, or licensed commercial real estate broker with at least ten
(10) years experience with similar properties in the geographic location of the Project ( in each case below, an “Appraiser”) chosen by Tenant (“First Appraisal”) and the appraisal report forwarded to Landlord.
Each appraisal report delivered by an Appraiser hereunder shall be in a narrative format and comply with the Uniform Standards of Professional Appraisal Practices; additionally each such appraisal report shall be of sufficient detail to convey such
Appraiser’s methodology, reasoning and analysis, pertaining to market rent; each such appraisal report should contain, at a minimum, three rent comparables, or if the appraisal contains less than three rent comparables, such appraisal report
shall provide sufficient rationale and analysis as to why such market support is not relevant. If the First Appraisal is deemed unacceptable by Landlord, then Landlord shall so advise Tenant in writing within ten (10) days after receipt of the
First Appraisal and Landlord shall have the right to engage an Appraiser to appraise the Premises (“Second Appraisal”) and the appraisal 

  
 4 

 
report shall be forwarded to Tenant. In the event Tenant shall deem the Second Appraisal to be unacceptable, then Tenant shall advise Landlord within ten (10) days after receipt of the
Second Appraisal, and the first Appraiser and second Appraiser shall together choose a third Appraiser (the “Third Appraiser”) who shall appraise a Market Rent for the Premises (“Third Appraisal”) and forward the
Third Appraisal report to Landlord and Tenant. The Third Appraiser shall, within ten (10) days of its appointment, review the First Appraisal (prepared by Tenant’s chosen Appraiser as set forth above) and the Second Appraisal (prepared by
Landlord’s chosen Appraiser as set forth above) and such other information as it shall deem necessary and shall determine which of the two is most accurately reflects the Market Rent for the Renewal Term. The Third Appraiser shall be
instructed, in deciding whether the Tenant’s determination of the Market Rent for the Renewal Term (as set forth in the First Appraisal) or Landlord’s determination of the Market Rent (as set forth in the Second Appraisal) more accurately
reflects the actual Market Rent for the Renewal Term, to use the criteria as to the determination Market Rent set forth below. The Third Appraiser shall not establish its own Market Rent, and must select either the First Appraisal or the Second
Appraisal and shall immediately and concurrently notify the parties of its selection. The Market Rent for the Renewal Term determined by Landlord or Tenant and selected by the Third Appraiser shall be the Base Rent payable by Tenant for the Renewal
Term. Should the appraisal process of this Section 3(b) be necessary, each party shall act in good faith and each party will be obligated to pay one-half of any appraisal delivered as prescribed above. Each of the Appraisers shall be instructed
to appraise the Premises for its Value in Use for the Renewal Term. 
  

	D.	CONSTRUCTION 

 1.
Delivery. The Delivery Date of the Premises from Landlord to Tenant shall be upon lease execution. 
 2. Force
Majeure. The period of time during which Landlord or Tenant is prevented or delayed in the performance of, or the making of, any improvements or repairs or fulfilling any obligation required under this Lease due to delays caused by fire,
catastrophe, strikes or labor trouble, civil commotion, acts of God, governmental prohibitions or regulations, including administrative delays in obtaining building permits, inability to obtain materials, or other causes beyond the responsible
party’s control (the lack of funds or funding excluded), shall be added to that party’s time for performance hereof, and Landlord or Tenant shall have no liability by reason thereof. Tenant’s obligation to pay rent shall not be
subject to the Force Majeure provisions of this paragraph. 
 3. HVAC. Landlord warrants that all HV AC systems have been
serviced and are in good working order at the time Tenant takes possession. Should any unit not be in good working order, upon Tenant taking possession, Landlord must repair and/or replace. Following Tenant’s acknowledgement and acceptance that
HV AC systems are in good working condition, Tenant shall maintain a HVAC service contract for the duration of the Lease Term in accordance with the terms set forth in Section M.2(b). Landlord shall be responsible for HVAC system repairs and
replacements during Year 1 of the Lease Term. Tenant shall be responsible HVAC system repairs and replacements for the remaining Lease Term years. 
 4. Signage, Tenant’s Work and Rules/Regulations. 
 a. Sign
Criteria. Landlord’s sign criteria is attached as Exhibit C and made a part of this Lease. Tenant will place no sign on the exterior of the Premises or on the interior surface of any windows of the Premises (except for Tenant’s
standard window decal treatment which in no event shall occupy more than             percent (    %) of said window) unless it meets the standards set forth in
Exhibit C attached hereto and has been approved in writing by the Landlord. Exterior signs are to be provided by Tenant and are 

  
 5 

 
to be located on the store front. Tenant will have the right to place temporary Signage announcing the opening of a new store, with the size and location of such temporary signs to be subject to
Landlord’s approval, local codes, the approval of the City of Fairhiope Architectural Review Board (ARB) and, if required, approval of the local historic district. Tenant agrees not to display any pennants, searchlights, window signs, or
similar temporary advertising media. Tenant may display banners inside the Premises within two (2) feet from the front of the store as long as they are professionally prepared. 

b. Maintenance and Removal. Landlord agrees to remove any signage on Premises and repair all damages caused by such removal prior
to Delivery Date. Tenant agrees to maintain its signs in good states of repair and save Landlord harmless from any loss, cost, or damage resulting from the signs’ condition and shall repair any damage which may have been caused by the erection,
existence, maintenance, or removal of such signs. Upon vacating the Premises, Tenant agrees to remove all signs and repair all damages caused by such removal. 
 c. Tenant Improvements. Tenant Improvements to be complete by Tenant at Tenant’s expense are detailed in Exhibit D of this Lease, for which Landlord has contributed a Tenant Allowance
as provided in Section A.12. 
 d. Rules/Regulations. Attached hereto as Exhibit E is a copy of the Rules and Regulations
for the Shopping Center (“Rules and Regulations”). Landlord reserves the right to amend the same and to otherwise establish reasonable rules and regulations for the use thereof which shall be applicable to, and uniformly enforced
against, all tenants of the Shopping Center and which do not conflict with the terms and conditions of this Lease and do not materially and adversely impair Tenant’s use of the Premises as contemplated hereunder. 

5. Code Compliance. Landlord warrants that, to the best of Landlord’s knowledge, as of the Delivery Date the structure of the
Premises will be in material compliance with all applicable laws, codes, rules, and regulations of governmental authorities (“Applicable Laws”) and free from patent and latent defects and zoned for operation of general office use.
In the event it is determined that the structure is not in compliance with Applicable Laws as of the Delivery Date, and as a result, the municipality having jurisdiction over the Premises refuses to issue Tenant a building permit or certificate of
occupancy, Tenant shall notify Landlord, and Landlord shall act promptly to bring the structure into compliance, or Landlord may terminate this Lease and the parties shall have no further obligations hereunder. The foregoing warranty shall not apply
to any conditions created or related to Tenant’s Work, remodeling, specific use or occupancy of the Premises, or assignment or subletting of the Premises. In addition, in the event any structural modifications to the Shopping Center or the
Premises are required by governmental or insurance regulations, Landlord shall be responsible to perform any such modifications unless required by Tenant’s specific use of the Premises. Tenant shall be responsible to perform any necessary
nonstructural modifications to the Premises as well as any modifications, regardless of where located, if occasioned by Tenant’s use of the Premises. Nothing contained herein shall negate Landlord’s or Tenant’s right to challenge any
such requirements in administrative and/or judicial proceedings. 
 a. Roof. Landlord will be responsible to provide and
maintain a structurally sound, leak-free roof. Landlord is responsible for all costs associated with correcting any deficiencies prior to the Delivery Date. 
 b. Communication Systems. The Tenant has the right, at its sole cost and expense, to install a satellite system on the Premises provided that such satellite system is affixed to the rear wall, and
not the roof, of the Premises. 

  
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 6. Parking lot. Upon Tenant’s completion of Tenant Improvements, Landlord shall
immediately re-stripe and re-seal the Common Area parking lot spaces. 
  

	E.	BASE RENT 

 1. Base
Rent. Tenant agrees to pay to Landlord, at the address noted above, or at such place as Landlord may from time to time designate in writing, Base Rent for the Premises during the Lease Term, in the amount as set forth in Section A.9, in advance
on the first day of each calendar month. The amounts to be paid by Tenant for Base Rent and Additional Rent shall be pro-rated on a per diem basis for any partial month in the first Lease Year. 

2. Interest on Late Payment. Any rent or other charges to be paid hereunder by Tenant which shall not be received by Landlord
within ten (10) days from its due date shall bear interest at the rate of ten percent (10%) per annum from the date when the same is due and payable under the terms of this Lease until the same shall be paid (the “Default Rate”).
Tenant shall pay a Fifty Dollar ($50) charge for any checks written to Landlord which are returned for insufficient funds. 
  

	F.	TAXES 

 1. Real Estate
Taxes and Assessments. Tenant agrees to pay Tenant’s Proportionate Share of all real estate taxes and assessments (which may be in the form of a leasehold payment to the Fairhope Single Tax Colony), together with any and all expenses
incurred by Landlord in negotiating, appealing, or contesting such taxes and assessments, both general and special, levied and assessed against the land, buildings, and all other improvements which may be added thereto, or constructed within, the
Shopping Center. 
 2. Procedure for Payment. Commencing on the Rent Commencement Date, during the
Lease Term and any Renewal Term Tenant shall pay to Landlord, monthly in advance, an amount equal to one-twelfth
(1/12th) of Tenant’s Proportionate Share of real
estate taxes and assessments for the current tax year as reasonably estimated by Landlord. If Tenant’s Proportionate Share of real estate taxes and assessments with respect to any tax year is less than the total amount paid by Tenant for such
period, the excess shall be credited against the next monthly payment of Base Rent. If Tenant’s Proportionate Share of real estate taxes and assessments for any tax year exceeds the total amount paid by Tenant for such period, Tenant shall,
within thirty (30) days of receipt of a copy of the actual tax bill from Landlord, pay the difference between the actual amount paid by Tenant and Tenant’s Proportionate Share of real estate taxes and assessments. Any unused credit
remaining as of the expiration or earlier termination of the Lease shall be promptly refunded to Tenant by Landlord unless Tenant then owes money to Landlord, in which event Landlord may apply such funds to the amounts owing by Tenant to Landlord.

 3. Municipal, County, State or Federal Taxes. Tenant shall pay, before delinquent, all municipal, county, state, or
federal taxes assessed against Tenant’s fixtures, furnishings, equipment, stock-in-trade, or other personal property owned by Tenant in the Premises. 
 4. Other Taxes or Assessments. Should any governmental taxing authority levy, assess, or impose any tax, excise, or assessment (other than income, inheritance, gift, or franchise tax) upon or
against the rentals payable by Tenant to Landlord, by way of substitution for or in addition to any existing tax on land and buildings, or if in the nature of a sales tax or gross receipts tax or excise tax on real estate rentals, Tenant shall be
responsible for and shall pay any such tax, excise, or assessment, or shall reimburse Landlord for the amount thereof, as the case may be. 

  
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	G.	COMMON AREAS 

 1.
Common Areas. Landlord grants to Tenant and Tenant’s invitees the right to use, in common with all others to whom Landlord has or may hereafter grant rights to use same, the Common Areas located within the Shopping Center. The term
“Common Areas”, as used in this Lease, shall mean the parking areas, roadways, pedestrian sidewalks, loading docks, delivery areas, landscaped areas, service courts, open and enclosed courts and malls, fire corridors, meeting areas,
public restrooms, and all other areas or improvements which may be provided by Landlord for the common use of the tenants of the Shopping Center. Landlord hereby reserves the following rights with respect to the Common Areas: 

a. Rules and Regulations. To establish reasonable rules and regulations for the use thereof which shall be applicable to, and
uniformly enforced against, all tenants of the Shopping Center and which do not conflict with the terms and conditions of this Lease, including, without limitation, those attached hereto as Exhibit E; 

b. Use. To use or prohibit the use by others to whom Landlord may have granted such rights for promotional activities; 

c. Closings. To close all or any portion thereof as may be deemed necessary by Landlord’s counsel to prevent a dedication
thereof or the accrual of any rights to any person or the public therein; and 
 d. Maintenance. Landlord shall operate,
equip, light, repair, and maintain said Common Areas for their intended purposes in an efficient and economical manner. 
 2.
Common Area Maintenance Charge. Tenant shall pay to Landlord as a “Common Area Maintenance Charge” Tenant’s Proportionate Share of all costs and expenses paid or incurred by Landlord in operating, maintaining, and
repairing the Common Areas. In no event shall the Common Area Maintenance Charges include any capital expenditures, any depreciation on improvements or equipment, the cost of correcting or repairing construction or design defects in the Common
Areas, expenses for replacing the roof or roof skin, expenses for structural repairs or changes to the Shopping Center buildings, administration fees, or legal fees attributable to any matters concerning any other tenant of the Shopping Center. Such
costs and expenses may include but not be limited to: cleaning, lighting, repairing, and maintaining all Common Area improvements, paving, roadways, sprinkler equipment, driveways, sidewalks, curbs, culverts and drainage facilities, barriers,
retaining walls, fences, directional and Shopping Center signage (other than signs to be maintained by individual tenants), sewer and water supply lines and related facilities, snow and ice removal, pest control, parking lot striping, painting,
painting of exterior walls, landscaping, providing security, personal property taxes, supplies, fire protection and fire hydrant charges, water and sewer charges, utility charges, and reasonable Shopping Center management fees. Landlord further
agrees to maintain all landscaping adjacent to the Premises within the Shopping Center in accordance with other similar types of properties in the area. Landlord acknowledges and agrees that said Common Area Maintenance Charges shall not increase
more than three percent (3%) in any year over the Common Area Maintenance Charges for the prior year on a non-cumulative basis. 

  
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 3. Procedure for Payment. Tenant’s Common Area Maintenance Charges shall be paid
in monthly installments on the first day of each month in an amount to be estimated by Landlord beginning on the Rent Commencement Date. Within ninety (90) days following the end of the period used by Landlord in estimating Landlord’s
cost, Landlord shall furnish to Tenant a detailed statement of the actual amount of Tenant’s Proportionate Share of Common Area Maintenance Charge for such period. Within thirty (30) days thereafter, Tenant shall pay to Landlord or take a
credit against the next monthly Base Rent payment, as the case may be, the difference between the estimated amounts paid by Tenant and the actual amount of Tenant’s Common Area Maintenance Charge for such period as shown by such statement. Any
unused credit remaining as of the expiration or earlier termination of the Lease shall be promptly refunded to Tenant by Landlord unless Tenant then owes money to Landlord, in which event Landlord may apply such funds to the amounts owing by Tenant
to Landlord. 
  

	H.	UTILITIES AND RUBBISH DISPOSAL 

 1. Utilities. 
 a. Maintenance. Commencing on the Delivery Date, the
Landlord shall provide and maintain all necessary pipes, mains, conduits, wires, and cables to the exterior walls of the Premises for water, gas, and electricity. 
 b. Tenant’s Responsibilities. Tenant shall have all utilities serving the Premises (electric, natural gas, water, sewer, and telephone) placed in Tenant’s name, and Tenant shall be
responsible for the direct payment of all utility bills to the provider. 
 c. Landlord’s Responsibilities. Tenant
will not be responsible for the cost of any utility tap fees, cost of meter installation, or any other cost which may be levied by a utility other than those charges specifically related to the Tenant’s consumption of such utility. Such cost
shall be the sole responsibility of the Landlord. Notwithstanding the foregoing, Tenant shall be responsible for the installation and expense associated therewith for any telephone system, computer system, security system, fire alarms and/or fire
extinguishers. 
 2. Rubbish Disposal. Tenant shall be responsible for its trash and refuse collection and disposal. In
addition, Tenant agrees to: 
 a. Proper Containers. Keep any refuse in proper containers until the same is removed from
the Shopping Center and to permit no refuse to accumulate around the exterior of the Premises; and 
 b. Regulations.
Handle and dispose of all rubbish, garbage, and waste in accordance with regulations established by Landlord and not permit the accumulation (unless in sealed metal containers) or burning of any trash, rubbish, refuse, garbage, or waste materials
in, on, or about any part of the Shopping Center. 
 In no event shall Landlord be liable for the quality, quantity, failure, or
interruption of the foregoing utility or rubbish disposal services to the Premises unless caused by Landlord’s negligent or willful acts. 
  

	I.	PARKING 

 1.
Parking. Landlord agrees that Tenant shall have the non-exclusive use of all such parking in the Shopping Center, subject to other Shopping Center tenant’s rights of non-exclusive use of all such parking in the Shopping Center and said
tenants’ reasonable right of use of the parking spaces immediately adjacent to such tenants’ premises. Tenant shall have the right, at Tenant’s sole expense and upon notice to Landlord, to designate up to twenty five percent
(25%) of the Shopping Center’s parking spaces immediately adjacent to the Premises (but not in front of 

  
 9 

 
other Shopping Center tenant’s premises) as reserved for Tenant’s exclusive parking (“Exclusive Parking”). With regard to the Exclusive Parking, Landlord agrees to use
commercially reasonable efforts, at no cost to Landlord, to assist Tenant in Tenant’s enforcement of its Exclusive Parking rights, but Landlord shall have no obligation to monitor use, tow vehicles, or otherwise enforce Tenant’s Exclusive
Parking rights. In the event that Landlord desires to undertake any development of the Shopping Center that will result in a reduction of at least ten percent (10%) of the current parking spaces at the Shopping Center, Landlord agrees to notify
Tenant of such proposed development prior to commencing such development and to take whatever measures are necessary to insure that Tenant shall have adequate parking for its intended use of the Premises. 

 

	J.	USE OF PREMISES BY TENANT 

1. Use of Premises. Tenant’s Use of the Premises will be solely for the Permitted Use as set forth in Section A.2 and Tenant
shall use the Premises for no other purpose without the prior written consent of the Landlord. 
 2. Operation of
Business. Tenant will agree to complete the Tenant Improvements and open within two hundred and seventy (270) days after the Rent Commencement Date in accordance with its Permitted Use. Tenant shall have the right at any time to cease
operations in the Premises and “go dark”, provided Tenant continues to pay to Landlord Base Rent, Additional Rent, and all other charges due under the Lease as and when such payment obligations come due. In the event Tenant ceases
operation for more than two hundred and seventy (270) consecutive days other than as a result of remodeling, damage, casualty, condemnation, force majeure, or assignment / subletting, Landlord shall have the right but not obligation to
terminate Tenant’s lease by giving Thirty (30) days notice. Such termination may be negated by Tenant opening within such thirty (30) day period. 
  

	K.	TENANT’S COVENANTS WITH RESPECT TO OCCUPANCY 

 1. Occupancy. Tenant agrees to occupy the Premises in a safe and careful manner in compliance with all laws, ordinances, rules, regulations and orders of any governmental body having jurisdiction
over the Premises and without committing or permitting waste. 
 2. Landlord Access. Tenant agrees to permit Landlord free
access to the Premises at all reasonable times after at least 24 hours notice to Tenant (except in the event of an emergency, when no prior notice shall be required) for the purpose of examining the same or making repairs to the Premises that
Landlord may deem necessary for the safety or preservation thereof. 
 3. Mechanic Liens. Tenant agrees that it will
permit no lien, notice of intention to file lien or other charges (whether arising out of work of any contractor, mechanic, laborer or material man or any mortgage, conditional sale, security agreement, chattel mortgage or otherwise) which might be
or become a lien or encumbrance or charge upon the Premises or any part thereof or the income there from, and to suffer no other matter or thing whereby the estate, right and interest of Landlord in the Premises or any part thereof might be
impaired; 
 4. Tenant’s Compliance with Rules. Tenant agrees to comply with the Rules and Regulations which Landlord
may from time to time establish and uniformly enforce for all tenants of the Shopping Center for the use and care of the Premises, the Common Areas, and other facilities and buildings in the Shopping Center provided such Rules and Regulations, do
not otherwise materially and adversely interfere with Tenant’s use, access, or parking, do not require the expenditure of more than nominal sums by Tenant and do not conflict with the terms and conditions of this Lease. Subject to the
foregoing, Tenant agrees to abide by the Rules and Regulations attached hereto as Exhibit E incorporated herein by reference. 

  
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 5. Landlord’s Right to Show Premises. Tenant agrees to permit Landlord or its
agents, commencing with and during the last ninety (90) days of the Lease Term, upon reasonable notice to Tenant, to show the Premises to potential tenants during normal business hours and to place one professionally prepared sign, measuring
twenty four inches by thirty six inches (24“x36”), offering the Premises “To Lease” or “For Sale” on the front of the Premises or any part thereof and such larger signs in the Common Areas in Landlord’s reasonable
discretion. 
  

	L.	NO UNLAWFUL PURPOSE 

1. Landlord agrees to use its reasonable commercial efforts to ensure that none of the following uses or operations shall be made,
conducted or permitted on or with respect to all or any part of the Shopping Center by any of Landlord’s other tenants in the Shopping Center: (i) any public or private nuisance; (ii) any noise or sound that is in violation of any
noise ordinance applicable to the Shopping Center; (iii) any obnoxious odor; (iv) any excessive quantity of dust, dirt, or fly ash; or (v) any fire, explosion or other damaging or dangerous hazard, including the storage, display or
sale of explosives or fireworks. Notwithstanding the foregoing, Tenant acknowledges the existence of a restaurant in the Shopping Center and agrees that its continued operations shall not be deemed to be a violation of this paragraph. 

 

	M.	REPAIRS AND ALTERATIONS 

1. Repairs by Landlord. Landlord shall keep the foundation, roof, roof skin, floor slab, and structural portions of the Premises
(excluding windows and doors) in good repair, except for repairs required thereto by reason of the misuse of Tenant, Tenant’s employees, agents, licensees, or contractors. Tenant shall give Landlord written notice, as provided in Section S, of
the necessity for repairs coming to the attention of Tenant, following which, if Landlord deems in its reasonable business judgment such repairs to be necessary or appropriate, Landlord shall commence such repairs within fifteen (15) days of
receipt of notice as provided in Section S and, provided Landlord is diligently prosecuting such repairs to completion, shall have a reasonable time to complete such repairs. Notice from Tenant of the need for Landlord to perform a repair to the
Premises shall not be a condition to Landlord commencing such repair if Landlord has actual knowledge of the need for repairs. The provisions of this subsection shall not apply in the case of damage or destruction by fire or other casualty or by
Eminent Domain, in which events the obligations of Landlord shall be controlled by either Sections O or Q hereof. 
 a. Right
of Offset. Notwithstanding the foregoing, in the event of a breach by Landlord of this Section M.1 beyond any applicable cure periods, Landlord and Tenant agree that Tenant shall be given the right to offset against the Base Rent and Additional
Rent (“Right of Offset”) the reasonable costs incurred by Tenant to remedy such breach by Landlord so long as: 

1) Landlord and Landlord’s Mortgagee (if Tenant has been provided the name and address of such Mortgagee) are given written notice
and applicable cure periods as provided herein; 
 2) Landlord’s breach substantially interferes, in Tenant’s
reasonable business judgment, with Tenant’s ability to conduct its business in the Premises. 
 b. Emergency Repairs.
Notwithstanding the foregoing, in the event of an emergency which would affect the health, safety, and welfare of Tenant’s employees or customers, Tenant may make such emergency repairs to the Premises as Tenant deems reasonably necessary to
protect the Tenant’s employees and/or customers and property. Tenant will notify Landlord as soon as possible as to what repairs were made and the cost 

  
 11 

 
to affect such repairs that Landlord deems in its reasonable business judgment to be necessary to protect the health, safety and welfare of Tenant’s employees or customers. Landlord agrees
to reimburse Tenant within thirty (30) days after Landlord’s receipt of a breakdown for such costs incurred by Tenant for such repairs. If Landlord fails to reimburse Tenant within such thirty (30) days, Tenant shall have the Right of
Offset against Tenant’s Base Rent and Additional Rent until Tenant has recovered the cost of such emergency repairs. 
 c.
Tenant’s Portion of Construction. It is expressly understood that Landlord shall not be responsible for any portions of the Premises constructed by Tenant. 
 2. Repairs by Tenant. Except as provided in Subsection K.1, Tenant shall keep: 
 a. Premises. The Premises and every part thereof and any fixtures, facilities, or equipment contained therein in good condition and repair, including, but not limited to, exterior and interior
portions of all doors, door checks and their operation, windows, plate glass, and showcases surrounding the Premises, the heating, air conditioning, electrical, plumbing and sewer systems, the exterior doors, window frames, and all portions of the
store front area, and shall make any replacements thereof of all broken and/or cracked plate and window glass which may become necessary during the Lease Term, and any Renewal Term(s) thereof, excepting any repairs to items of Landlord’s
original construction made necessary by reason of damage due to fire or other casualty covered by standard fire and extended coverage insurance. 
 b. HVAC system. Subject to Section 0.3 above and Landlord’s obligation to warrant the HV AC system for the first year of the Term hereof, Tenant shall, during the Lease Term, and any Renewal
Term(s) thereof, at its sole cost and expense, maintain a service contract for the routine performance of standard HV AC system maintenance, including, but not limited to, quarterly replacement of filters, oiling of mechanical components, and
inspection for wear and tear. Within fifteen ( 15) days of Landlord’s written request, Tenant shall provide Landlord with a copy of the foregoing HV AC service contract. Tenant will be responsible for all maintenance, repairs and replacement of
all HVAC system(s) serving the Premises. 
 3. Alterations or Improvements by Tenant. Tenant shall be permitted to make
any interior, nonstructural alterations to the Premises based upon plans and specifications submitted by Tenant and approved by Landlord, such approval not to be unreasonably withheld, and upon the condition that Tenant shall promptly pay all costs,
expenses, and charges thereof, shall make such alterations and improvements in accordance with the applicable laws and building codes and ordinances and in a good workmanlike manner, and shall fully and completely indemnify Landlord against any
mechanic’s lien or other liens or claims in connection with the making of such alterations, additions, or improvements. Tenant shall promptly repair any damages to the Premises, or to the building of which the Premises is a part, caused by any
alterations, additions, or improvements to the Premises by Tenant. 
 4. Removal of Improvements. All items of
Landlord’s construction, all heating and air conditioning equipment, and all alterations, additions, wall coverings, and other improvements by Tenant shall become the property of Landlord at the termination of the Lease and shall not be removed
from the Premises. All trade fixtures, furniture, furnishings, and signs installed in the Premises by Tenant and paid for by Tenant shall remain the property of Tenant and shall be removed upon the expiration of the Lease Term; provided
(a) that any of such items as are affixed to the Premises and require severance may be removed only if Tenant repairs any damage caused by such removal, and (b) that Tenant shall have fully performed all of the covenants and agreements to
be performed by Tenant under the provisions of this Lease. If Tenant fails to remove such items from the Premises within ten (10) days of the expiration or earlier termination of this Lease, all such trade fixtures, furniture, furnishings, and
signs shall become the property of Landlord. Landlord shall have the right to remove same and sell such trade fixtures, furniture, furnishings, and signs to pay for the cost of removal. 

  
 12 

	N.	INDEMNITY AND INSURANCE 

1. Indemnification by Tenant. Except to the extent caused by the negligence or willful misconduct of Landlord, its employees,
contractors, agents, or invitees, Tenant will indemnify and hold Landlord harmless from and against all loss, cost, expense, and liability (including Landlord’s costs of defending against the foregoing, such cost to include reasonable
attorney’s fees and costs) resulting or occurring by reason of Tenant’s breach of any covenant, representation or warranty made by Tenant contained in this Lease or Tenant’s construction, use, or occupancy of the Premises. 

2. Indemnification by Landlord. Except to the extent caused by the negligence or willful misconduct of Tenant, its employees,
contractors, agents, or invitees, Landlord will indemnify and hold Tenant harmless from and against all loss, cost, expense, and liability (including Tenant’s costs of defending against the foregoing, such costs to include reasonable
attorney’s fees and costs) resulting or occurring by reason of Landlord’s breach of any covenant, representation or warranty made by Landlord contained in this Lease. 
 3. Tenant’s General Liability Insurance. Tenant agrees to carry general commercial liability insurance covering the Premises and Tenant’s use thereof with a minimum limit of One Million
Dollars ($1,000,000) for any casualty resulting in bodily injury, death, or property damage for each occurrence and a minimum limit of Two Million Dollars ($2,000,000) general aggregate. Tenant shall provide certificates of such coverage to Landlord
prior to the date of any use or occupancy of the Premises by Tenant. Such certificates shall name Landlord as an additional insured, as its interest may appear, under such insurance policy, and the insurer agrees to notify Landlord and such other
parties designated by Landlord as additional insureds not less than ten (10) days in advance of any substantial modification or cancellation thereof. 
 4. Landlord’s Insurance. 
 a. Insurance for Improvements.
Landlord agrees to carry policies insuring the improvements on the Shopping Center and Common Areas against fire and such other perils as are normally covered by special coverage endorsements in the county where the Premises is located, in an amount
equal to at least eighty percent (80%) of the insurable value of such improvements. Tenant shall have no rights in said policy or policies maintained by Landlord and shall not be entitled to be a named additional insured there under.

 b. Liability Insurance. Landlord agrees to carry general commercial liability insurance covering the Shopping Center
and Common Areas with a minimum limit of One Million Dollars ($1,000,000) for any casualty resulting in bodily injury, death, or property damage for each occurrence and a minimum limit of Two Million Dollars ($2,000,000) general aggregate.

 c. Tenant’s Proportionate Share. Commencing on the Rent Commencement Date, during the Lease
Term, or any Renewal Term(s) thereof, Tenant shall pay to Landlord, monthly in advance, an amount equal to one-twelfth
(1/12th) of Tenant’s Proportionate Share of the
Landlord’s insurance premium for the current year as reasonably estimated by Landlord. If Tenant’s Proportionate Share of the insurance premiums for the above-described coverages are less than the total amount paid by Tenant for such
period, the excess shall be credited against the next monthly Base Rent payment. If Tenant’s Proportionate Share of the insurance premium exceeds the total amount paid by Tenant for such period, Tenant shall, upon receipt of a copy of the
actual insurance premium invoice from Landlord, pay the difference between the actual amount paid by Tenant and 

  
 13 

 
Tenant’s Proportionate Share of the insurance premium. Tenant reserves the right to audit Landlord’s insurance payments. Any unused credit remaining as of the expiration or earlier
termination of this Lease shall be promptly refunded to Tenant by Landlord unless Tenant then owes money to Landlord, in which event Landlord may apply such funds to the amounts owing by Tenant to Landlord. 

5. Mutual Waiver. Tenant hereby waives any claim against Landlord for property damage occurring on or in the Premises and shall
have its all-risk insurer waive its rights of subrogation against Landlord for property damage occurring on or in the Premises, and in consideration thereof, Landlord waives any claim against Tenant for property damage occurring in the Shopping
Center (excluding the Premises) and Common Areas and shall have its all-risk insurer waive its rights of subrogation against Tenant for property damage occurring in and to the Shopping Center and Common Areas. 

 

	O.	DAMAGE AND DESTRUCTION 

1. Partial Damage. In the event the Premises are damaged to an extent which is less than fifty percent (50%) of the cost of
replacement of the Premises, the damage shall, except as hereinafter provided, promptly be repaired by Landlord, at Landlord’s expense, and such repairs shall commence not later than thirty (30) days after such casualty and be completed
within ninety (90) days after the commencement of repairs. In the event the Premises are damaged to an extent which is less than fifty percent (50%) of the cost of replacement of the Premises and such occurs during the last year of the
Lease Term, including any Renewal Term (s), both Landlord and Tenant shall have the right to terminate the Lease. If the Landlord elects to terminate the Lease as provided above, then Tenant can negate Landlord’s election to terminate the Lease
by exercising early its upcoming Renewal Term, provided there is at least one additional Renewal Term remaining under the Lease. 

2. Total Damage. In the event (a) the Premises are damaged to the extent of fifty percent (50%) or more of the cost of
replacement of the Premises or (b) the buildings in the Shopping Center are damaged to the extent of fifty percent (50%) or more of the cost of replacement, notwithstanding the extent of damage to the Premises, then either Landlord or
Tenant may elect to terminate this Lease upon giving notice of such election in writing to the other within thirty (30) days after the event causing the damage. If this Lease is not terminated as provided for above, the Landlord will commence
the repairs or rebuilding not later than forty-five (45) days after the casualty and complete such repairs within one hundred eighty (180) days after commencement of such repairs. 

3. Repair. If Landlord is required to repair under Section O.1, or elects to repair under Section O.2, Tenant shall repair or
replace its stock-in-trade, trade fixtures, furniture, furnishings, equipment, and personal property in a manner and to at least a condition equal to that prior to its damage or destruction. 

4. Abatement of Rent. If the casualty, repairing, or rebuilding shall render the Premises untenantable, in whole or in part, a
proportionate abatement of the Base Rent shall be allowed until the date Landlord completes the repairs or rebuilding, and Tenant shall have a reasonable time, not to exceed ninety (90) days from delivery by Landlord, to complete Tenant’s
required build out and open for business. 
 5. Limitation. Notwithstanding anything herein to the contrary,
Landlord’s obligation to repair or rebuild, in the event of Total Damage as set forth in Section O.2, shall be limited to the insurance proceeds made available by Landlord’s mortgage for such restoration purposes. 

  
 14 

	P.	ASSIGNING AND SUBLETTING 

1. Consent of Landlord. Tenant shall not assign this Lease or sublet the Premises, in whole or in part, without the prior written
consent of Landlord; however, such consent shall not be unreasonably withheld, delayed, or conditioned, except that any assignment that is not a Permitted Transfer shall be subject to Landlord’s receipt of reasonable assurance as to the credit
worthiness of any such proposed assignee. The use of the Premises by any such assignee or sublessee must be approved by Landlord, provided such consent shall not be unreasonably withheld, delayed, or conditioned, and shall not violate any recorded
restriction or any existing exclusives of other tenants at the time of such assignment or sublet. Landlord shall, by written notice to Tenant within ten (10) business days of its receipt of the required information and documentation, either:
(A) consent to the transfer, or (B) reasonably refuse to consent to the transfer. Notwithstanding any provision of this Lease to the contrary, Tenant may assign or sublease the Premises without Landlord’s consent to a corporation
controlling, controlled by, or under common control with, Tenant, to the surviving corporation in a merger or other corporate reorganization in which Tenant is involved, or to a purchaser of all or substantially all of the assets of Tenant
(collectively “Tenant Affiliate”), provided that all of the following conditions are satisfied (a “Permitted Transfer”): (A) Tenant is not then in default under this Lease after giving effect to applicable
notice grace and cure periods; (B) said Tenant Affiliate shall own all or substantially all of the assets of Tenant; and (C) said Tenant Affiliate shall have a net worth which is at least equal to the greater of Tenant’s net worth at
the date of this Lease. In the event of a Permitted Transfer to a Tenant Affiliate, Tenant shall be released of all obligations under this Lease effective the date of the assignment or sublease. A public offering, issuance, transfer or distribution
of all or substantially all of Tenant’s stock (including distributions pursuant to an employee benefit program), shall constitute an assignment for the purposes of this Lease. Except for a Permitted Transfer to a Tenant Affiliate in accordance
with this Section, Tenant shall at all times remain liable for the payment of Base Rent and Additional Rent herein and for compliance with all of its other obligations under this Lease. In the event of such Permitted Transfer, Landlord’s
consent to the assignment or subletting shall not waive the requirement that Landlord’s consent be obtained for further assignment or sublets. 
  

	Q.	EMINENT DOMAIN 

 1.
Condemnation Award. In the event the Shopping Center or any part thereof shall be taken or condemned either permanently or temporarily for any public or quasi-public use or purpose by any authority in appropriate proceedings or by any right
of eminent domain, the entire compensation award thereof shall belong to Landlord, without any deduction therefrom for any present or future estate of Tenant, and Tenant hereby assigns to Landlord all its right, title, and interest to any such
award. Tenant shall have the right to recover such compensation as may be awarded on account of the value of leasehold improvements made and paid for by Tenant and for moving and relocating expenses, provided that such award to Tenant does not
diminish Landlord’s award. 
 2. Rights of Termination. In the event of a taking under the power of eminent domain of
(a) more than ten percent (10%) of the Premises or (b) a sufficient portion of the Shopping Center so that after such taking less than twenty five percent (25%) of the Shopping Center GLA (as constituted prior to such taking) is
occupied by tenants, either Landlord or Tenant shall have the right to terminate this Lease by notice in writing given within thirty (30) days after the condemning authority takes possession, in which event all Base Rent, Additional Rent, and
all other charges shall be pro-rated as of the date of such termination. 
 3. Restoration. In the event of a taking of
any portion of the Premises not resulting in a termination of this Lease, Landlord shall use as much of the proceeds of Landlord’s award for the Premises as is 

  
 15 

 
made available to Landlord by Landlord’s mortgagee for restoration purposes therefore to restore the Premises to a complete architectural unit, and this Lease shall continue in effect with
respect to the balance of the Premises, with a reduction of Base Rent and Additional Rent in proportion to that portion of the Premises taken. 
  

	R.	DEFAULT AND REMEDIES 

 1.
Default by Tenant. 
 a. Financial Default. The Tenant shall be in financial default if it fails to pay when due
each installment of Base Rent or Additional Rent (“Financial Default”). 
 b. Notice. In the event Tenant
is in Financial Default, it shall have a grace period of ten (10) days to cure such default. 
 c. General Default.
Tenant shall be in general default if it shall fail to keep or shall violate any conditions, stipulations, or agreements contained herein on the part of the Tenant to be kept and performed other than a Financial Default (“General
Default”, and together with Financial Default, collectively referred to with respect to Tenant as “default”). 

d. Notice. In the event Tenant is in General Default, it shall have a grace period of thirty (30) days to cure such default
after Tenant shall have received notice of such default by certified mail, return receipt requested, or by a nationally recognized overnight courier that provides verification of receipt to the address stated in Section A.3 of this Lease. Tenant
shall be given written notice of every event of General Default and shall be permitted thirty (30) days within which to cure such default. 
 e. Landlord’s Options. In the event Tenant is in either Financial Default or General Default after the lapse of any grace or cure periods expressly set forth above, Landlord, at its option,
may: 
 1) Terminate this Lease, at which point all rent hereunder for the remainder of the Lease Term shall be immediately due
and payable; or 
 2) Re-enter upon the Premises without terminating this Lease, remove all the property therefrom, and re-let
the Premises in its own name for the account of Tenant for the remainder of the Term and recover from Tenant any deficiency for the balance of the Term between the amount for which the Premises were re-let and the Base Rent, Additional Rent and
other charges provided hereunder as they become due. 
 3) The rights of the Landlord hereunder, upon default by Tenant, shall
in no way preclude Landlord from pursuing any other legal remedies available. 
 Notwithstanding anything herein to the contrary,
Landlord shall use its reasonable commercial efforts to mitigate its damages upon such a termination or re-entry. 
 f.
Failure to Exercise Rights. No delay or omission by Landlord to exercise any right or power accruing upon any noncompliance or default by Tenant with respect to any of the terms hereof shall impair any such right or power or be construed to
be a waiver thereof. Every such right or power may be exercised at any time during the continuation of this Lease. It is further agreed that a waiver by Landlord of any of the covenants and agreements hereof to be performed by Tenant shall not be
construed to be a waiver of any subsequent breach thereof or of any covenant or agreement herein contained. 

  
 16 

 g. Re-entry. In addition to all other rights granted to Landlord under this Lease or
under prevailing law, or if Tenant shall be in default, Landlord or its agents or employees may immediately or any time thereafter re-enter the Premises and remove Tenant’s agents, any subtenants, any licensees, any concessionaires and any
invitees, and any of its or their property from the Premises, provided Landlord has an appropriate court order. Re-entry and removal may be effectuated by summary dispossession proceedings, by any suitable action or proceeding at law, or otherwise.
Landlord shall be entitled to the benefit of all provisions of law respecting the speedy recovery of lands and tenements held over by Tenant or proceedings in forcible entry and detainer. Tenant’s liability under the terms of this Lease shall
survive Landlord’s re-entry, the institution of summary proceedings, and the issuance of any warrants with respect thereto. 

2. Default by Landlord. In the event Landlord shall fail to perform any material obligations specified in this Lease, then Tenant
may, after the continuance of any such default for thirty (30) days after written notice thereof to Landlord and to the Landlord’s mortgagee (if Tenant has been provided such mortgagee’s name and address), cure such default, all on
behalf of and at the expense of Landlord, and do all necessary work in connection therewith, and Landlord shall on demand pay Tenant forthwith all reasonable and documented amounts so paid by Tenant. If Landlord fails to pay such reasonable and
documented amounts within thirty (30) days after demand, Tenant may deduct such amount from the Base Rent and Additional Rent then due or thereafter coming due. A default hereunder shall be deemed cured if Landlord in good faith commences
performance requisite to cure same within thirty (30) days after receipt of notice and thereafter continuously and diligently proceeds to complete the performance required to cure such default. If Landlord’s default materially and
adversely impacts Tenant’s use of the Premises, or the parking for or access to the Premises, then Tenant may terminate this Lease upon Landlord’s failure to cure such default after a second thirty (30) days prior written notice to
Landlord. 
  

	S.	NOTICES 

 1. Proper
Notice. Any notice or consent required to be given by or on behalf of either party to the other shall be in writing and shall be deemed given when received or rejected after such notice shall have been mailed by certified mail, return receipt
requested, postage prepaid, or by a nationally recognized overnight courier that provides verification of receipt to the address stated in Section A.3 of this Lease. 
 2. Change of Address. Either party’s address may be changed from time to time by such party giving written notice to the other party of the new address. 

 

	T.	MORTGAGE SUBORDINATION 

This Lease is and shall at all times, unless Landlord shall otherwise elect, be subject and subordinate to all easements and encumbrances
now or hereafter affecting the fee title of the Shopping Center and to all mortgages, deeds of trust, financing or refinancing in any amounts which may now or hereafter be placed against or affect any or all of the land or any or all of the building
and improvements now or at any time hereafter constituting part of the Shopping Center. Notwithstanding the foregoing, any successor to Landlord’s interest in the Premises, including any ground lessor or holder of any mortgage or deed of trust,
or to any purchaser at foreclosure (or by deed in lieu of foreclosure) shall, so long as Tenant is not in default of the terms and conditions of this Lease (beyond any applicable cure periods), recognize and accept this Lease and all terms,
conditions, and obligations of the Landlord contained herein. Tenant also agrees that any mortgagee or trustee may elect to have this Lease deemed prior to the lien of its mortgage or deed of trust, and upon notification by such mortgagee or trustee
to Tenant to that effect, this Lease shall be deemed prior in lien to the said mortgage or deed of trust, whether this Lease is dated prior to or subsequent to the date of said mortgage or deed of trust. Tenant agrees

  
 17 

 
that if Landlord’s mortgagee or trustee requests confirmation of such subordination, within twenty (20) days after receipt of written request therefor, Tenant shall execute and deliver
whatever instruments (including but not limited to a Memorandum of Lease and/or a Non-Disturbance and Attornment Agreement in recordable form) as may be reasonably required for such purposes to carry out the intent of this section. 

 

	U.	ESTOPPEL CERTIFICATES 

 At
any time and from time to time, Tenant agrees, within twenty (20) days after receipt of written request from Landlord, to execute and deliver to Landlord, for the benefit of such persons as Landlord names in such request, a statement in writing
and in form and substance provided by Landlord certifying to such of the following information as Landlord shall reasonably request: (a) that this Lease constitutes the entire agreement between Landlord and Tenant and is unmodified and in full
force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the modifications); (b) the dates to which the Base Rent, Additional Rent, and other charges hereunder have been paid;
(c) that the Premises has been completed on or before the date of such letter and that all conditions precedent to the Lease taking effect have been carried out; (d) that Tenant has accepted possession, that the Lease Term has commenced,
that Tenant is occupying the Premises, that Tenant knows of no default under the Lease by Landlord and that there are no defaults or offsets which Tenant has against enforcement of this Lease by Landlord; (e) the actual Rent Commencement Date
of the Lease and the expiration date of the Lease; and (f) that Tenant’s facilities in the Premises is open for business; provided such facts are true and ascertainable. 

 

	V.	COVENANT OF QUIET ENJOYMENT 

 Landlord hereby covenants that if Tenant shall perform all the covenants and agreements herein stipulated to be performed on Tenant’s part, Tenant shall at all times during the continuance hereof
have quiet enjoyment of the Premises without hindrance from any person, subject to the terms and provisions of this Lease. 
  

	W.	LIABILITY OF LANDLORD 

 1.
Transfer of Title. In the event of the sale or other transfer of Landlord’s right, title, and interest in the Premises or the Shopping Center, Landlord shall be released from all liability and obligations thereafter arising hereunder.

  

	X.	ENVIRONMENTAL MATTERS - NO HAZARDOUS SUBSTANCES 

 1. Acts. For the purposes of this Lease, the term “Hazardous Materials” shall include, without limitation, those substances, materials, or wastes described in the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, as amended (CERCLA), (42 US.C. 9601, et seq.); the Resource Conservation and Recovery Act, as amended (RCRA), (42 U.S.C. 6901, et seq.)’, Emergency
Planning & Community Right-to-Know Act, as amended (EPCRA), (42 U.S.C. 11991, et seq.); Clean Water Act, as amended (CWA), (33 U.S.C. 1251, et seg.);Clean Air Act, as amended (CAA), (42 U.S.C. 7401, et
seg.);Toxic Substances Control Act, as amended (TSCA), (15 U.S.C. 2601, etseq.); Safe Drinking Water Act, as amended (SDWA), (42 U.S.C. 300(f) et seq.), implementing regulations for such Acts and any other applicable
federal, state, local laws or ordinances, and the regulations adopted thereunder, or any other substance, material or waste which has been determined by the United States Environmental Protection Agency, the Federal Occupational Health and Safety
Administration, or any other federal or state agency to be capable of posing significant risk of injury to human health or safety. Hazardous Substances shall not include ordinary household cleaning and maintenance products, provided that such
products and items are used with due care and are used, stored and maintained in compliance with environmental, health and safety requirements. 

  
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 2. Tenant’s Operations. Tenant shall not engage in operations at the Premises
which involve the generation, manufacture, refining, transportation, treatment, storage, handling, or disposal of “Hazardous Materials” without the prior written consent of Landlord, which consent shall be at Landlord’s sole
discretion. 
 3. Indemnification of Landlord. Tenant will defend, protect, indemnify, and hold Landlord harmless from and
against any and all claims, causes of action, liabilities, damages, costs, and expenses, including, without limitation, attorneys’ fees arising from or in any way connected with Hazardous Materials (as defined in Section X.1) introduced to the
Premises by Tenant. 
  

	Y.	MISCELLANEOUS PROVISIONS 

1. Brokers Commissions. Landlord and Tenant hereby warrant to the other that, except for the payment by Landlord of a brokerage
commission to McCullough Realty and John Toomey & Company, Inc. by separate agreements, there are no claims for brokers’ commissions or finders’ fees in connection with the execution of this Lease, and Landlord and Tenant agree to
indemnify and save the other harmless from any liability that may arise from such claims, including reasonable attorneys’ fees. 
 2. Surrender and Holding Over. 
  

	 	a.	Surrender. Subject to the provisions of Section M.4, Tenant shall deliver up and surrender to Landlord possession of the Premises upon the expiration of the
Lease Term, or its prior termination for any reason, in as good condition and repair as the same shall be at the commencement of said term, subject to ordinary wear and tear (damage by fire and other perils covered by standard fire and extended
coverage insurance excepted). 

  

	 	b.	Holdover. If Tenant fails to surrender the Premises on the date that the Lease Term expires or terminates, Tenant’s continued occupancy shall be deemed to
be a tenancy from month-to-month and such tenancy shall be subject to all of the provisions of this Lease in effect at the time of holdover, except that the monthly Base Rent shall be one hundred fifty percent (150%) of the monthly Base Rent in
effect immediately prior to the end of the Lease Term (or Renewal Term, if applicable). 

 3. Mechanic’s
Liens. Should any mechanic’s liens or other liens or affidavits claiming liens be filed against the Leased Premises or any portion thereof or interest therein for any reason whatsoever incident to the acts or omissions of Tenant, its agents
or contractors, Tenant shall cause the same to be canceled and discharged of record by payment, bonding, or otherwise within thirty (30) days after Tenant’s knowledge or receipt of notice thereof (from whatever source). 

4. Mortgagee Clause. Landlord represents that it has obtained the existing mortgagee’s consent to this Lease Agreement or that
such consent is not necessary. 
 5. Merchants Association. Tenant shall not be required to join any merchants association
for the Shopping Center or contribute to any type of advertising fund and makes no representation as to how much or what type of advertising it will do. 
 6. Recording. This Lease shall not be recorded. However, upon the request of either Landlord or Tenant, the other party agrees to execute a Memorandum of Lease setting forth such terms and
provisions as may be acceptable to both Landlord and Tenant that may be recorded at the cost of the party desiring recording. 

7. Severability. In the event that any provision or section of this Lease is rendered invalid

  
 19 

 
by the decision of any court or by the enactment of any law, ordinance or regulation, such provision of this Lease shall be deemed to have never been included herein, and the balance of this
Lease shall continue in effect in accordance with its terms. 
 8. Attorneys’ Fees. In the event of any legal
proceeding arising out of a dispute between the parties with regard to enforcement of the provisions of this Lease, the prevailing party will be entitled to an award of its reasonable attorneys’ fees and costs from the non-prevailing party.

 9. Jury Trial. In the event of a dispute, Landlord and Tenant agree to waive the right to jury trial. 

10. Waiver. No waiver of any condition or legal right or remedy shall be implied by the failure of Landlord or Tenant to declare a
forfeiture, or for any other reason, and no waiver of any condition or covenant shall be valid unless it is in writing and signed by Landlord or Tenant. 
 11. Force Majeure. In addition to the provisions of Section D.2, Force Majeure, with respect to the Lease in general, shall mean strikes, delays caused by the other party or any governmental or
quasi-governmental entity, shortages of materials, natural resources or labor, or any and all causes beyond the reasonable control of the performing party (the lack of funds or funding accepted). Neither party shall be in default under this Lease
for failure to perform due to Force Majeure, except for Tenant’s obligations to pay rent hereunder. The time period for such performance shall be extended for each day performance is delayed by Force Majeure. 

12. No Partnership. By their execution hereof, Landlord and Tenant do not, in any way or for any purpose, become a partner with the
other in the conduct of either’s business. 
 13. Section Headings. The section headings are inserted only as a
matter of convenience and for reference and in no way define, limit, or describe the scope or intent of this Lease or in any way affect this Lease. 
 14. Lease Inures to the Benefit of Assignees. This Lease and all of the covenants, provisions, and conditions herein contained shall inure to the benefit of and be binding upon the heirs, personal
representatives, successors, and assigns, respectively, of the parties hereto, provided, however, that no assignment by, from, through, or under Tenant in violation of the provisions hereof shall vest in the assigns any right, title, or interest
whatsoever. 
 15. Authority to Sign Lease. Each of the persons who have signed this Lease represents and warrants that he
has been duly authorized to sign this Lease by all necessary action on the part of the entity on whose behalf he has signed this Lease. 
 16. Right of First Refusal to Purchase. Upon the terms set forth in Exhibit F attached hereto, Landlord will grant to Tenant a right of first refusal in the Premises as further set forth
therein. 
 17. Entire Agreement. This Lease and the exhibits attached hereto set forth all the covenants, promises,
agreements, conditions, and understandings between Landlord and Tenant concerning the Premises, and there are no covenants, promises, agreements, conditions, or understandings, either oral or written, between them other than are herein set forth. No
subsequent alteration, amendment, change, or addition to this Lease shall be binding upon Landlord or Tenant unless reduced to writing and signed by them. 
 [Signatures on Following Page] 

  
 20 

 IN WITNESS WHEREOF, Landlord and Tenant have caused this Lease to be signed as of the date
and year first above written. 
  

							
	WITNESSES:	 		 	LANDLORD:
			
		 		 	Fairhope Group, LLC
			
	  
	 		 	 /s/ William H. Gross

		 		 	By: William H. Gross
	  
	 		 	 Its: Managing Member

			
	  
	 		 	TENANT:
			
		 		 	Computer Programs and Systems, Inc.
			
		 		 	 /s/ David A. Dye

		 		 	By: /s/ David A. Dye
		 		 	Its: CFO

  
 21 

 EXHIBIT A 
 SITE PLAN 

  
 22 

 EXHIBIT B 
 LEGAL DESCRIPTION 
 PARCEL2 
 Beginning at a point where the North boundary of Ingleside, Unit 3, as recorded in Map Book I 0, Page 63 of the records in the office of the Judge of Probate Court of Baldwin County, Alabama, is
intersected by the West right of way line of Greeno Road (also known as County Road No. II) (160’ RIW), run N 89° 57’ 25” W along said North boundary of lngleside, Unit 3 and the North boundary of lngleside, Unit Two, as
recorded in Map Book 8, Page 71 of the said records in the office of the Judge of Probate Court of Baldwin County, Alabama, a distance of 582.74 feet to a point; thence run N 00° II’ 45” E 429.30 feet to a point; thence run S 89°
57’ 25” E 571 .17 feet to the P.C. of a curve to the left having a central angle of32° 30’ 21” and a radius of25.0 feet; thence run Nmtheastwardly along the arc of said curve 14.18 feet to a point on the West tight of way
line of Greeno Road (County Road No. 11) (160’ R/W), thence along said West right of way line of Greeno Road (County Road No. 11) (160’ R/W), nm S 00° 26’ 26” W 433.23 feet to the point of beginning. Containing
250,614 Square Feet or 5.7533 Acres. 

  
 23 

 EXHIBIT C 
 LANDLORD’S SIGN CRITERIA 
 The sign standards have been selected to harmonize with and
compliment the building materials and will assist in creating the proper atmosphere for the Center. 
 Tenant’s sign fabricator must submit
two (2) copies of Tenant’s detailed, scaled sign drawings to Landlord’s agent: McCullough Realty. Attention: Joey McCullough, 273 Azalea Road, Suite 2-516, Mobile, AL 36609; Telephone: (251) 343-7171; Email:
joey@jmcculloughrealty.com for approval prior to fabrication of any signs. 
 Tenant will be held liable and shall bear all costs for
removable and/or correction of signs, sign installation and damage to the building by sign installations that do not conform to the following specifications. 
  

	1)	All signs shall be individual letters, reverse channel, aluminum backlit with neon, and mounted on a raceway that matches the color of the building fascia, with the
color and type style of each letter face subject to prior written approval by Landlord. 

  

	2)	The entire sign shall not exceed 15’. All signs shall be centered between Tenant’s demising walls. All signs are subject to the City of Fairhope’s
Architectural Review Board. 

  

	3)	All signs shall be constructed on minimum .080 aluminum sheet with 3/16” plexiglass face, with minimum depth of 4” or as minimum as required by sign
contractor (whichever is greater). Aluminum sides, trim and backs shall be primed and painted Duranotic Bronze #313. Jewellite to be Bronze. Neon to be 13 mm in single stroke white with the appropriate transformer wire per code. Letters are to be
mounted on an all aluminum (.063) raceway painted with a color as specified by Landlord to match the building. The sign shall be mounted o the building fascia area. No pop rivets and returns are to be (.063). 

 

	4)	Electrical power to signs shall be extended at Tenant’s expense from the electrical service supplying Tenant’s Demised Premises. 

 

	5)	All signs shall be mounted only in area designated by Landlord for Tenant’s signage. 

 

	6)	Design construction, installation and maintenance of signs shall be the expense of Tenant. All signs must meet appropriate codes of the local county. All work must be
performed by a licensed and insured sign company. Working drawings must include design specifications of all measurements as they relate to the fascia. 

  

	7)	No signs or displays of any kind may be placed on or behind or be visible from any of the storefront glass areas without the prior written consent of Landlord. Paper
signs, stickers, or portable attraction board signs are prohibited. 

  

	8)	Transformers shall be mounted out of sight at areas approved by Landlord. Tenant shall at its expense enclose all transformers, junction boxes and exposed wires or
conduit in accordance with Landlord’s standards and prime and paint the enclosure with Landlord’s building standard color. 

  

	9)	Drawings (3 copies) shall be submitted for approval to Landlord prior to fabrication. 

 

	10)	Signage must be approved by Landlord in writing before order is placed with tenant’s sign company. 

  
 24 

 EXHIBIT D  

TENANT’S 
 WORK 
 To be provided by Tenant. All plans must be submitted to Landlord for approval prior
to beginning construction. 

  
 25 

 EXHIBIT E 
 SHOPPING CENTER RULES AND REGULATIONS 
 TENANT AGREES AS FOLLOWS: 

 

	1)	All loading and unloading of goods shall be done, in the areas, and through the entrances, designated for such purposes by Landlord. 

 

	2)	All garbage and refuse shall be kept in the kind of container specified by Landlord, and shall be placed outside of the premises prepared for collection in the manner
and at the times and place specified by Landlord. If Landlord shall provide or designate a service for picking up refuse and garbage, Tenant shall use same at Tenant’s cost. Tenant shall pay the cost of removal of any of Tenant’s refuse or
rubbish. Notwithstanding the foregoing, Tenant will comply with rubbish disposal as outlined in H.2 of Lease. 

  

	3)	No radio or television or other similar device shall be installed without first obtaining in each instance Landlord’s consent in writing. No aerial shall be
erected on the roof or exterior walls of the premises, or on the grounds, without in each instance obtaining the written consent of Landlord. Any aerial so installed without such written consent shall be subject to removal without notice of same at
any time. 

  

	4)	No loud speakers, televisions, phonographs, radios or other devices shall be used in a manner so as to be heard or seen outside of the premises without the prior
written consent of Landlord. 

  

	5)	If the leased premises are equipped with heating facilities separate from those in the remainder of the Shopping Center, Tenant shall keep the leased premises at a
temperature sufficiently high to prevent freezing of water in pipes and fixtures. 

  

	6)	The outside areas immediately adjoining the premises shall be kept clean and free from snow, ice, dirt and rubbish by Tenant, and Tenant shall not place or permit any
obstructions or merchandise in such areas. 

  

	7)	The plumbing facilities shall not be used for any other purpose than that for which they are constructed 

 

	8)	Tenant shall not burn any trash or garbage of any kind in or about the leased premises, the Shopping Center, or within 1,000 feet of the outside property lines of the
Shopping Center. 

  

	9)	No smoking is allowed in the premises at any time. 

  
 26 

 EXHIBIT F 
 FORM OF 
 RIGHT OF FIRST
REFUSAL 
 This contractual right of first refusal to purchase the entire property interests
of the Fairhope Group, LLC, a Georgia Limited Liability Company (“Owner”), is given to Computer Programs and Systems, Inc., a Delaware corporation (“CPSI”), under the terms and conditions set forth hereinafter below, effective
the first day of March, 2012 (the “Effective Date”), which shall terminate at the expiration or other termination of the Lease of even date herewith between Owner and CPSI (the “Lease”). 

In consideration of ten dollars ($10.00) and other good and valuable considerations, the receipt and sufficiency of
which is acknowledged by the parties hereto, through the one hundred forty fourth (144th) month of the Lease Term or such earlier date of expiration or termination of the Lease in accordance with its terms (the “Expiration Date”), if Owner elects to list, advertise, market, or
otherwise attempt to sell to a third party purchaser any or all of the Premises (as defined in the Lease), or if Owner elects to accept any offer to purchase any or all of the Premises, whether or not solicited by them or by his agents, on or before
the Expiration Date, Owner shall first provide written notice of the proposed terms and conditions which are or would be acceptable to them to CPSI and shall provide CPSI with an opportunity to purchase and acquire such interest. 

The obligation of Owner to provide and the authorization of CPSI to exercise a right of first refusal subsequent to the Effective Date is
limited and conditioned as follows: 
  

	1.	Within ten (10) business days of Owner providing written notice itemizing the applicable purchase terms (i. e., proposed by them or offered by a third party
purchaser) to CPSI (the “Offer”), CPSI shall reply, in writing, as to its intent to exercise or decline to exercise their right of first refusal (the “Initial Response”). 

 

	2.	Within five (5) calendar days from CPSI’s Initial Response, CPSI shall provide written verification and proof of its financial ability to timely close on the
contemplated transaction (the “Verification”). 

  

	3.	CPSI shall close on the transaction, as accepted, within the time frame specified by any actual third party offer accepted by Owner (contingent to this Right of First
Refusal) or within thirty (30) calendar days from its Initial Response, whichever is less (the “Closing”). 

  

	4.	Failure by CPSI to timely comply with any of the deadlines for its Initial Response, Verification, or Closing shall result in an immediate cancellation and termination
of the Right of First Refusal granted hereunder, without further action required of Owner. 

  

	5.	Should CPSI decline any such Offer, then Owner shall thereafter have the right to sell said Premises on substantially the same terms and conditions as set forth in the
Offer. 

 This Right of First Refusal shall not apply or otherwise be triggered by (i) any transfers in
connection with a condemnation or under threat of condemnation, or to a sale or transfer to an affiliate, member, partner, or shareholder of Owner, or to an immediate family member of any such member, partner or shareholder, or to an entity owned or
controlled by such member, partner or shareholder, or immediate family member thereof, or (ii) any foreclosure or other similar sale allowable by law conducted by Owner’s mortgagee. 

  
 27 

 Neither this instrument nor any notice of it shall be recorded in any public records. This
Right of First Refusal shall bind and inure to the benefit of the parties and to their successors in interest. Notice given by or to the attorney for either party shall be as effective as it given by or to that party. 

CPSI expressly acknowledges and agrees that the right of first refusal granted to them hereunder represents an imposition on the ability
of Owner to freely and without reservation market the subject asset. Therefore, CPSI commits to strictly adhere to and comply with the aforementioned time frames. The substantive terms of any closing transaction shall be dependent upon and
determined by the actual purchase and sale agreement. There are not any commitments, arrangements, or agreements as to a predetermined price or value for the Premises made at this time. 

Done and agreed to effective the first day of March 2012. 

 

					
	WITNESSES:	 		 	PARTIES:
			
		 		 	Fairhope Group, LLC
			
	  
	 		 	 /s/ William H. Gross

		 		 	By: William H. Gross
	  
	 		 	Its: Managing Member
			
	  
	 		 	Computer Programs and Systems, Inc.
			
		 		 	 /s/ David A. Dye

	  
	 		 	By: David A. Dye
		 		 	Its: CFO

  
 28

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