Document:

Professional Services Agreement

 Exhibit 10.12 
 EXECUTION VERSION 
 Professional Services Agreement 

This Professional Services Agreement (this “Agreement”) is made as of June 1, 2011, by and between Permira Advisers
L.L.C. (“Permira”) and BakerCorp International, Inc. (the “Company”). Certain capitalized terms used herein are defined in Section 10 below. 

WHEREAS, the Company is party to an Agreement and Plan of Merger, dated as of April 12, 2011 (the “Merger
Agreement”), by and among the B-Corp Holdings, Inc. (to be renamed BakerCorp International Holdings, Inc.) (“Holdings”), B-Corp Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Holdings
(“MergerSub”), the Company and Lightyear Capital LLC, solely in its capacity as stockholder representative, pursuant to which Merger Sub will merge with and into the Company; 

WHEREAS, Permira has expertise in the areas of finance, strategy, investment, acquisitions and other matters relating to the Company, its
subsidiaries and their businesses; and 
 WHEREAS, the Company desires to avail for themselves and their subsidiaries, for the
term of this Agreement, of Permira’s expertise in providing financial and structural analysis, due diligence investigations, corporate strategy, other advice and negotiation assistance, which the Company believes will be beneficial to it and
its subsidiaries, and Permira wishes to provide the services to the Company as set forth in this Agreement in consideration of the payment of the fees described below. 
 NOW, THEREFORE, the parties agree as follows: 
 1. Term. This Agreement
shall commence on the date hereof and shall terminate (except as provided in the immediately following sentence) on the earliest to occur of (a) the consummation of an IPO, (b) termination by Permira upon 30 days written notice to the
Company, (c) a sale, disposal, transfer or other disposition in one or more transactions (whether directly or indirectly through a merger or other combination) by the Permira Stockholders to any Person or Group that is not an Affiliate of any
of the Permira Stockholders of more than 50% of the shares of Common Stock of the Company held by the Permira Stockholders immediately following the Effective Time and (d) the tenth anniversary of the date hereof (the “Term”);
provided, however, that if no IPO has been consummated prior to the tenth anniversary, the Term shall be automatically extended thereafter on a year to year basis unless (i) the Company provides written notice to Permira of its
desire to terminate this Agreement or (ii) Permira provides written notice to the Company of its desire to terminate this Agreement, in each case, 30 days prior to the expiration of the Term or any extension thereof; or at such time as an IPO
is consummated. The provisions of Sections 3(d), 3(e), 6, 7, 8, 10, 16 and 17 and obligations to pay any outstanding unpaid fees hereunder and accrued interest thereon shall survive the termination of this Agreement. 

2. Services. Permira shall perform or cause to be performed such services for the Company and its subsidiaries as mutually agreed
by the Company and Permira (the “Advisory Services”), which may include, without limitation, the following: 

(a) general advisory and management services; 

 (b) business development functions, including identification, support, negotiation and
analysis of acquisitions and dispositions by the Company and its subsidiaries; 
 (c) support, negotiation and analysis of
financing alternatives, including, without limitation, in connection with acquisitions, capital expenditures and refinancing of existing indebtedness; 
 (d) finance functions, including assistance in the preparation of financial projections, and monitoring of compliance with financing agreements; 

(e) marketing functions, including monitoring of marketing plans and strategies; 

(f) human resource functions, including searching, identifying and hiring of executives and directors; and 

(g) other services for the Company and its subsidiaries upon which the Company and Permira agree. 

3. Advisory Fee. 
 (a) In consideration of Permira’s undertaking to provide the Advisory Services hereunder, the Company shall pay Permira or one or more of its designees an annual advisory fee (the “Advisory
Fee”) in an aggregate amount for each fiscal year equal to $500,000 payable in arrears in quarterly installments (based on twelve 30-day months), for the period beginning on the date hereof and ending upon the termination of this Agreement
as provided in Section 1 hereof. The Advisory Fee shall be payable by the Company whether or not the Company actually requests that Permira provide the Advisory Services. 
 (b) (i) the first installment of the Advisory Fee, for the period beginning on the date hereof and ending June 30, 2011, shall be payable on June 30, 2011 (unless otherwise directed by
Permira) in an amount equal to $125,000 multiplied by a fraction (A) the numerator of which is the actual number of days from and including the date hereof to and including June 30, 2011 and (B) the denominator of which is 90, and
(ii) the second installment of the Advisory Fee, for the period beginning on July 1, 2011 and ending on September 30, 2011, shall be payable on September 30, 2011 (unless otherwise directed by Permira) in an amount equal to
$125,000. 
 (c) Except as otherwise provided in Section 3(d) hereof, all subsequent payments of the Advisory Fee shall be
in quarterly installments, payable in arrears on March 31, June 30, September 30 and December 31 of each year, in an amount equal to $125,000. 
 (d) Upon the consummation of an IPO, the Company shall be obligated to pay to Permira or one or more of its designees an amount equal to any accrued but unpaid Advisory Fee for the period during which
such IPO is consummated. 
 (e) Notwithstanding anything to the contrary contained herein, the Company shall accrue but not pay
the Advisory Fee if and for so long as (i) any such payment would constitute a default (or any event which might, with the lapse of time or the giving of notice or both, constitute a default) under the Company or any of its subsidiaries
financing agreements (a 

  
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“Default”); provided, however, that the Company shall be obligated to pay any accrued Advisory Fees deferred under this Section 3(f)(i) to the extent that such
payment would not constitute a Default or (ii) Permira instructs the Company not to pay all or any portion of the Advisory Fee during any fiscal year. Interest will accrue on all due and unpaid Advisory Fees not paid pursuant to clause
(i) of the preceding sentence at the Default Rate until such Advisory Fees are paid, and such interest shall compound annually. The “Default Rate” shall be LIBOR (as such term is defined in the Company’s financing agreements)
plus 8% per annum. 
 (f) In addition to the Advisory Fee, the Company shall reimburse Permira, promptly upon request
together with reasonable supporting documentation thereof, for (i) all reasonable out-of-pocket expenses incurred by Permira in connection with Permira’s obligations hereunder, including, but not limited to travel and lodging expenses and
(ii) all reasonable out-of-pocket expenses of any consultants, legal counsel, subcontractors and other third parties in connection with Permira’s obligations hereunder incurred by Permira (such reimbursement of expenses pursuant to this
Section (f)(ii) to be reasonably approved by the Chief Executive Officer of the Company). 
 4. Transaction Fees. It is
the understanding of the parties that Permira may be involved with actual or potential acquisitions, divestitures, financing or other major transactions involving the Company and its subsidiaries in which case Permira or one or more of its designees
shall be entitled to such compensation as the Company and Permira shall mutually agree (any such compensation, “Transaction Fees”), in addition to any other fees payable pursuant to this Agreement; provided, that any
Transaction Fees must be approved by a majority of the members of the board of directors of the Company that are not affiliated with Permira. 
 5. Personnel. Permira shall provide and devote to the performance of this Agreement such employees and agents of Permira as Permira shall deem appropriate to the furnishing of the services
required. 
 6. Liability. None of Permira, nor any of its affiliates or their respective partners, members, employees or
agents (collectively, the “Permira Designees”) shall be liable to the Company or any of its subsidiaries or affiliates for any loss, liability, damage or expense (collectively, a “Loss”) arising out of or in
connection with this Agreement or the performance of services contemplated hereunder (including, without limitation, the performance of services provided pursuant to Section 4 above), unless and then only to the extent that such Loss is
determined to have resulted from the gross negligence or willful misconduct on the part of Permira or the Permira Designees. Permira makes no representations or warranties, express or implied, in respect of the services to be provided by Permira or
the Permira Designees. Except as Permira may otherwise agree in writing on or after the date hereof, nothing herein will in any way preclude Permira, the Permira Funds or the Permira Designees or their respective partners (both general and limited),
members (managing or otherwise), officers, directors, employees, agents or representatives from engaging in any business activities or from performing services for its own or their account or for the account of others, including for companies that
may be or are in competition with the business conducted by the Company. In no event will any of the parties hereto be liable to any other party hereto for any punitive, exemplary, indirect, special, incidental or consequential damages, including
lost profits or savings, whether or not such damages are foreseeable, or in respect of any liabilities relating to any third party claims (whether based in contract, tort or otherwise) other than for the Claims (as defined in Section 7)
relating to the services which may be provided by Permira hereunder. 

  
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 7. Indemnity. The Company and its subsidiaries shall defend, indemnify and hold
harmless Permira and each of the Permira Designees (each such person being an “Indemnified Party”) from and against any and all Losses arising from any claim by any person with respect to, or in any way related to, this Agreement
(including reasonable attorneys’ fees) (collectively, “Claims”) resulting from any act or omission of any Indemnified Party except to the extent that such Loss is determined by a court in a final order from which no appeal can
be taken to have resulted from the gross negligence or willful misconduct of such Indemnified Party. The Company and its subsidiaries shall defend at their own cost and expense any and all suits or actions (just or unjust) which may be brought
against the Company and its subsidiaries or any Indemnified Party, or in which any Indemnified Party may be impleaded with others, upon any Claims, or upon any matter, directly or indirectly, related to or arising out of this Agreement or the
performance of the obligations hereunder by any Indemnified Party (including, without limitation, the performance of services pursuant to Section 4 above), except that if such damage shall be proven to be result from the gross negligence or
willful misconduct by an Indemnified Party then such Indemnified Party shall reimburse the Company and its subsidiaries for the costs of defense and other costs incurred by the Company and its subsidiaries. Notwithstanding anything to the contrary
contained in this Agreement, in no event will the liability of Permira or the Permira Designees in connection with this Agreement exceed the aggregate amount of all Advisory Fees, Transaction Fees and Company Sale Fees paid to Permira hereunder.

 8. Independent Contractor. The parties acknowledge and agree that Permira is and shall act as an independent contractor
of the Company in the performance of its duties hereunder. Permira is not, and in the performance of its duties will not hold itself out as, an employee, agent or partner of the Company or any of its respective subsidiaries. 

9. Notices. All notices hereunder shall be in writing and shall be delivered personally or mailed by United States mail, postage
prepaid, addressed to the parties as follows: 
 to the Company: 

3020 Old Ranch Parkway, Suite 220 
 Seal Beach, CA 90740 
 Attention : Amy M. Paul 

Tel : 562-342-7993 
 Fax : 562-342-7231 
 with a copy, which shall not constitute notice, to:

 c/o Permira Advisers L.L.C. 
 399 Park Avenue, 36th Floor 
 New York, New York 10022 

Attention: Richard Carey 
 Tel.: 212-386-7477 
 Fax: 212-386-7481 

  
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 to Permira: 
 Permira Advisers L.L.C. 
 399 Park Avenue, 36th Floor 

New York, New York 10022 
 Attention: Richard Carey 
 Tel.: 212-386-7477 

Fax: 212-386-7481 
 with a copy, which shall not constitute notice, to: 
 Fried, Frank, Harris,
Shriver & Jacobson LLP 
 One New York Plaza 
 New York, New York 10004 
 Attention: Robert Schwenkel, Esq. and Christopher Ewan,
Esq. 
 Tel.: 212-859-8167; 212-859-8875 
 Fax: 212-859-4000 
 10. Certain Definitions. Capitalized terms used but not
otherwise defined herein shall have the meaning given such term in the Stockholders’ Agreement. 
 11. Assignment.
Except as provided in Section 4, no party hereto may assign any obligations hereunder to any other party without the prior written consent of the other parties (which consent shall not be unreasonably withheld); provided, however,
that Permira may, without the consent of the Company, assign its rights under this Agreement in whole or in part to any of its affiliates. 
 12. Amendments; Waiver. No amendment, supplement or modification of this Agreement nor waiver of the terms or conditions hereof shall be binding upon either party unless approved in writing by an
authorized representative of such party. The failure of a party to this Agreement to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver or deprive that party of the right thereafter to insist
upon strict adherence to that term or any other term of this Agreement. 
 13. Successors. This Agreement and all the
obligations and benefits hereunder shall inure to the successors and permitted assigns of the parties. 
 14.
Counterparts. This Agreement may be executed and delivered by each party hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original and all of which taken together shall constitute but one and
the same agreement. 
 15. Entire Agreement. The terms and conditions hereof constitute the entire agreement between the
parties hereto with respect to the subject matter of this Agreement and supersede all previous communications, either oral or written, representations or warranties of any kind whatsoever, except as expressly set forth herein. 

  
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 16. Governing Law. All issues concerning this agreement shall be governed by and
construed in accordance with the laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdiction) that would cause the application of the law
of any jurisdiction other than the State of New York. 
 17. WAIVER OF JURY TRIAL. EACH PARTY TO THIS AGREEMENT HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION (A) ARISING UNDER THIS AGREEMENT OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE
PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE. EACH PARTY TO THIS AGREEMENT HEREBY AGREES AND
CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF
THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
 * * * * * 

  
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 IN WITNESS WHEREOF, the parties have executed this Professional Services Agreement as of
the date first written above. 
  

			
	 THE COMPANY:
  

BAKERCORP INTERNATIONAL, INC.

		
	By:	 	

	 Name:
 Title:
	 	

 [Signature Page to Professional Services Agreement] 

 
			
	 PERMIRA:
  

PERMIRA ADVISERS L.L.C.

		
	By:	 	/s/ Richard Carey
	 Name:
 Title:
	 	 Richard Carey
 Managing
Director

 [Signature Page to Professional Services Agreement]EX-10.1

 Exhibit 10.1 
 INTELLECTUAL PROPERTY AND TECHNOLOGY AGREEMENT 
 This INTELLECTUAL PROPERTY
AND TECHNOLOGY AGREEMENT No. C56-12-02153 (this “Agreement”), dated as of July 26, 2012 (“Effective Date”) is entered into by and between Apple Inc., a California corporation (“Apple”), and
AuthenTec, Inc., a Delaware corporation (“AuthenTec”). 
 WHEREAS, Apple and AuthenTec desire that Apple have
the right to acquire certain licenses and rights as set forth in this Agreement to commercialize certain Apple sensors and Apple products; and 
 WHEREAS, Apple and AuthenTec desire to enter into this Agreement to set forth the terms and conditions with respect to such licenses and rights. 

NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements contained in this Agreement, and intending
to be legally bound hereby, Apple and AuthenTec hereby agree as follows: 
 1. DEFINITIONS. 

1.1 Defined Terms. Capitalized terms used in this Agreement will have the respective meanings ascribed to such terms in Exhibit
A attached hereto. 
 2. ACQUISITION OF LICENSES AND RIGHTS. 

2.1 Acquisition of Licenses and Rights. The Parties agree that, at any time during the Term, Apple will have the right to acquire
certain licenses and rights as described in this Agreement. AuthenTec hereby grants to Apple the right to acquire the licenses and rights set forth below in Article 3 and Article 4 (each, an “Acquisition Right”).

 2.2 Acquisition Right Fee. In consideration of the grant of Acquisition Rights under this Agreement, Apple agrees to
pay AuthenTec a total fee of $20 million (the “Acquisition Right Fee”), to be paid by Apple within 30 days after the Effective Date. 
 2.3 Exercise of Acquisition Rights. The Parties agree that Apple has the right to exercise any of the Acquisition Rights at any time during the Term by providing AuthenTec with written notice on or
before the expiration of the Term that it is exercising such Acquisition Right. If there is a corresponding payment set forth in Article 3 or Article 4 for such Acquisition Right exercised by Apple, Apple will pay such amount to
AuthenTec as set forth in Article 3 or Article 4, as applicable. Apple may, in its sole discretion, terminate any of the Acquisition Rights at any time during the Term by providing AuthenTec with written notice that it will not
exercise such Acquisition Right. 
 3. HARDWARE TECHNOLOGY AND PATENT RIGHTS. 

3.1 Hardware Technology and Patent Acquisition Right. AuthenTec hereby grants to Apple the right to acquire the licenses,
covenants, rights and benefits set forth in this Article 3 with respect to Hardware Technology and AuthenTec Hardware Sensor Patents (“Hardware and Patent Acquisition Right”) for the fee set forth in Section 3.11.

 3.2 Hardware License Grant. Without limiting any implied rights or the application of the doctrine of patent
exhaustion under applicable Law, subject to Apple’s payment obligations as set forth in Section 3.11 and subject to Article 12, AuthenTec, on behalf of itself, its Affiliates and the respective successors and assigns of
AuthenTec or any of its Affiliates, hereby grants to Apple, its Affiliates and the 

  
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respective successors and assigns of Apple or any of its Affiliates a non-exclusive, perpetual, irrevocable, worldwide license (which license will be fully paid-up and royalty-free upon
Apple’s payment of the fee set forth in Section 3.11), under all AuthenTec Intellectual Property Rights, to Commercialize any Hardware Technology and/or Hardware Improvements in connection with the Commercialization of any Apple
Sensors for incorporation into or use with any Apple-Branded Apple Products. Neither Apple nor any of its Affiliates nor any successors or assigns of Apple or any of its Affiliates may grant any sublicenses under the license granted in this
Section 3.2. For avoidance of doubt, this restriction on sublicensing does not affect or limit in any manner any “have made” rights granted under this Agreement. Apple covenants that it will not exercise the foregoing license
granted in this Section 3.2 unless and until it exercises the Hardware and Patent Acquisition Right in accordance with Section 2.3. If Apple does not exercise the Hardware and Patent Acquisition Right in accordance with
Section 2.3, the foregoing license granted in this Section 3.2 will automatically terminate and be of no force or effect. 
 3.3 Patent License Grant. Without limiting any implied rights or the application of the doctrine of patent exhaustion under applicable Law, subject to Apple’s payment obligations as set forth
in Section 3.11 and subject to Article 12, AuthenTec, on behalf of itself, its Affiliates and the respective successors and assigns of AuthenTec or any of its Affiliates, hereby grants to Apple, its Affiliates and the respective
successors and assigns of Apple or any of its Affiliates a non-exclusive, perpetual, irrevocable, worldwide license (which license will be fully paid-up and royalty-free upon Apple’s payment of the fee set forth in Section 3.11),
under all AuthenTec Hardware Sensor Patents, to Commercialize any Apple Sensors for incorporation into or use with any Apple Products. Neither Apple nor any of its Affiliates nor any successors or assigns of Apple or any of its Affiliates may grant
any sublicenses under the license granted in this Section 3.3. For avoidance of doubt, this restriction on sublicensing does not affect or limit in any manner any “have made” rights granted under this Agreement. Apple covenants
that it will not exercise the foregoing license granted in this Section 3.3 unless and until it exercises the Hardware and Patent Acquisition Right in accordance with Section 2.3. If Apple does not exercise the Hardware and
Patent Acquisition Right in accordance with Section 2.3, the foregoing license granted in this Section 3.3 will automatically terminate and be of no force or effect. 

3.4 Covenant Not to Sue. In addition to the licenses granted in Section 3.2 and Section 3.3, subject to
Apple’s payment obligations as set forth in Section 3.11 and subject to Article 12, AuthenTec, on behalf of itself, its Affiliates, and the respective successors and assigns of AuthenTec or any of its Affiliates, hereby
irrevocably covenants not to sue (or threaten to sue) Apple, any of its Affiliates or any successors or assigns of Apple or any of its Affiliates, and hereby irrevocably covenants not to knowingly sue any Other Covenant Beneficiary (or knowingly
individually threaten to sue any Other Covenant Beneficiary) or knowingly maintain any suit against any Other Covenant Beneficiary (or knowingly maintain any threat of suit against any individual Other Covenant Beneficiary), in each of the foregoing
cases, for infringement of any (a) AuthenTec Intellectual Property Rights in or to any Hardware Technology or Hardware Improvements with respect to any Commercialization of any Apple Sensors for incorporation into or, in the case of Apple, any
of its Affiliates or any successors or assigns of Apple or any of its Affiliates, use with any Apple-Branded Apple Products or (b) any AuthenTec Hardware Sensor Patent with respect to any Commercialization of any Apple Sensors for incorporation
into or, in the case of Apple, any of its Affiliates or any successors or assigns of Apple or any of its Affiliates, use with any Apple Products. No Apple Product (or any component of any Apple Product) will be used to satisfy any claim or claim
element asserted by AuthenTec or any of its Affiliates, or any successors or assigns of AuthenTec or any of its Affiliates, against Apple, any of its Affiliates, or any successors or assigns of Apple or any of its Affiliates, or any Other Covenant
Beneficiary. The Parties agree that the foregoing covenants in this Section 3.4 will not be of any force or effect unless and until Apple exercises the Hardware and Patent Acquisition Right in accordance with Section 2.3. If
Apple does not exercise the Hardware and Patent Acquisition Right in accordance with Section 2.3, the foregoing covenants in this Section 3.4 will automatically terminate and be of no force or effect. 

  
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 3.5 Duration and Irrevocability of Licenses and Covenants. If Apple exercises the
Hardware and Patent Acquisition Right, subject to Apple’s payment obligations with respect to the Hardware and Patent Acquisition Right as set forth in Section 3.11 and subject to Article 12, the licenses granted in
Section 3.2 and Section 3.3 and the covenants in Section 3.4 (a) will continue in perpetuity and (b) are irrevocable. 
 3.6 Future Assignments and Grants by AuthenTec. The licenses and covenants granted under this Article 3 with respect to any AuthenTec Intellectual Property Rights, Hardware Technology,
Hardware Improvements and AuthenTec Hardware Sensor Patents will run with such AuthenTec Intellectual Property Rights, Hardware Technology, Hardware Improvements and AuthenTec Hardware Sensor Patents and will be binding on any successors or assigns
thereof. Neither AuthenTec nor any of its Affiliates will assign, or grant any right under, any AuthenTec Intellectual Property Rights, Hardware Technology, Hardware Improvements or AuthenTec Hardware Sensor Patents to any Person (other than Apple
and its Affiliates) unless such assignment or grant is made subject to the license and covenants granted under this Article 3. Any attempted assignment of, or grant of any right under, any AuthenTec Intellectual Property Rights, Hardware
Technology, Hardware Improvements or AuthenTec Hardware Sensor Patents in contravention of this Section 3.6 will be null and void. 
 3.7 AuthenTec Supply Chain Vendors. For 24 months after the exercise by Apple of the Hardware and Patent Acquisition Right, Apple will have the right to directly source from AuthenTec’s or any
of its Affiliates’ respective supply chain vendors (including foundries, other suppliers and packaging houses) (“AuthenTec Supply Chain Vendors”) any materials and products (excluding inventory of fabricated wafers, any work in
progress under AuthenTec orders or packaged component parts ordered by AuthenTec or any of its Affiliates) owned by AuthenTec or any of its Affiliates necessary or useful to Commercialize any Apple Sensors for incorporation into or use with any
Apple Products, including the right to utilize (and have AuthenTec Supply Chain Vendors utilize) any Hardware Technology or Hardware Improvements in the possession or control of (or otherwise made available by AuthenTec to) AuthenTec Supply Chain
Vendors (including mask sets owned by AuthenTec or any of its Affiliates). AuthenTec, on behalf of itself, its Affiliates and the respective successors and assigns of AuthenTec or any of its Affiliates, agrees: (a) not to take any action, or
direct or cause any action to be taken, to make any such Hardware Technology or Hardware Improvements or any Intellectual Property Rights related to any of the foregoing unavailable for use in connection with any Apple Sensors for incorporation into
or use with any Apple Products; (b) to seek to obtain on behalf of Apple terms no less favorable than the terms AuthenTec has with such AuthenTec Supply Chain Vendors; and (c) to provide Apple with written authorizations by no later than
30 days after the Hardware and Patent Acquisition Right Exercise Date that permit Apple to directly purchase from AuthenTec Supply Chain Vendors any materials and products that are being produced for AuthenTec, at a price that would be agreed upon
by Apple and such AuthenTec Supply Chain Vendors. 
 3.8 Hardware Technology Transfer. Upon the exercise by Apple of the
Hardware and Patent Acquisition Right, AuthenTec will use its best efforts to immediately transfer and deliver to Apple all Hardware Technology (in a format mutually agreed upon by Apple and AuthenTec) existing as of the Effective Date in the manner
and in accordance with the process, timelines and other requirements set forth in the Technology Transfer Statement of Work attached hereto as Schedule A (“Technology Transfer Statement of Work”). Apple will promptly
acknowledge receipt of any Hardware Technology transferred to and received by Apple or notify AuthenTec of any deficiencies with respect to any Hardware Technology transferred to and received by Apple. Until such transfer and delivery is complete in
accordance with the Technology Transfer Statement of Work, AuthenTec will provide a written update to Apple each day indicating (a) the Hardware Technology transferred and delivered by AuthenTec to Apple on such day and (b) the Hardware
Technology that will be transferred and delivered by AuthenTec to Apple on the next day. During the period of AuthenTec’s transfer and delivery of the Hardware 

  
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Technology as set forth in the Technology Transfer Statement of Work, AuthenTec will make available to Apple, at no additional cost to Apple, all assistance, existing engineering resources (which
engineering resources have supported or are supporting any research, development, manufacturing, analysis or testing of any Project IP (as defined in each of the Prior Interim Agreement and the Interim Agreement) or any Project Work Product (as
defined in the Development Agreement)), training and technical support to enable Apple to make productive use of the Hardware Technology in connection with the design, development and/or Commercialization of any Apple Sensors for incorporation into
or use with any Apple Products. AuthenTec will ensure that all engineering resources provided under this Section 3.8 have appropriate technical competency. 
 3.9 Hardware Improvements. 
 (a) Hardware Bug Fix Improvements. For
4 years after the Hardware and Patent Acquisition Right Exercise Date, AuthenTec will transfer and deliver to Apple each Hardware Improvement that is Bug Fix Improvement within 5 Business Days after the completion of the development of such Bug Fix
Improvement. 
 (b) Hardware Non-Bug Fix Improvements. The Parties will hold an engineering meeting during each of the
first 4 periods of 3 months each after the Hardware and Patent Acquisition Right Exercise Date (on a date and at a location mutually agreed upon by the Parties) (each, a “Hardware Engineering Meeting”). AuthenTec will disclose to
Apple at each Hardware Engineering Meeting all new Hardware Non-Bug Fix Improvements during the applicable 3-month period (and, in the case of the first Hardware Engineering Meeting, any Hardware Non-Bug Fix Improvements prior to such 3-month
period). The Parties will discuss in good faith which of the Hardware Non-Bug Fix Improvements will be provided to Apple, based on the principle agreed upon by the Parties that any Improvements that are relevant to or useful for the
Commercialization of any Apple Sensors will be transferred and delivered to Apple within 10 Business Days after such Hardware Engineering Meeting and deemed to be and included as Hardware Improvements for purposes of this Agreement. If any Hardware
Non-Bug Fix Improvement has been developed, created or conceived, but not reduced to practice, during the 12 month period after the Effective Date, the Parties will discuss in good faith whether such Hardware Non-Bug Fix Improvement will be
transferred and delivered to Apple at such time that such Hardware Non-Bug Fix Improvement is reduced to practice. 
 (c)
Corrective Delivery or Disclosure of Improvements. In the event AuthenTec discovers, or Apple discovers and provides written notice to AuthenTec of, any (i) Hardware Improvement that is a Bug Fix Improvement that was not transferred and
delivered to Apple in accordance with Section 3.9(a) or (ii) Hardware Improvement that is a Non-Bug Fix Improvement that was not disclosed to Apple in accordance with Section 3.9(b), then AuthenTec will promptly transfer
and deliver such Hardware Improvement to Apple (in the case of (i)) and promptly disclose such Hardware Improvement to Apple (in the case of (ii)). If AuthenTec promptly transfers and delivers, or discloses, to Apple, as applicable, such Hardware
Improvement in accordance with the preceding sentence, AuthenTec will be deemed to not be in breach of this Section 3.9 with respect to such failure to transfer and deliver, or disclose, as applicable, such Hardware Improvement in
accordance with this Section 3.9. 
 3.10 Technical Support and Assistance. 

(a) If Apple exercises the Hardware and Patent Acquisition Right, for 1 year after the Hardware and Patent Acquisition Right Exercise
Date, AuthenTec will, at no additional cost to Apple (i) provide to Apple telephonic and electronic technical support and assistance with respect to any Hardware Technology or Hardware Improvements in response to requests from Apple,
(ii) respond to such requests 

  
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in accordance with the response times set forth in Schedule B attached hereto and (iii) reasonably cooperate with Apple in connection with such requests. 

(b) AuthenTec will ensure that all engineering resources provided under this Section 3.10 have appropriate technical
competency. 
 3.11 Hardware and Patent Acquisition Right Fee. If Apple exercises the Hardware and Patent Acquisition
Right, subject to Article 12, Apple agrees to pay AuthenTec a total fee of $90 million, to be paid as follows: 
 (a) $72
million (the “Initial Hardware and Patent Acquisition Right Fee Payment”) within 30 days after the date of Apple’s written notice to AuthenTec that it is exercising the Hardware and Patent Acquisition Right in accordance with
Section 2.3; and 
 (b) $18 million in 4 installments of $4.5 million each as follows: (i) the first
installment of $4.5 million will be paid on or before the first day of the third month of the first full calendar quarter after the calendar quarter in which the payment set forth in Section 3.11(a) is due by Apple to AuthenTec; and
(ii) the remaining 3 installments of $4.5 million each will be due on or before the first day of the third month of each of the 3 consecutive calendar quarters following such first full calendar quarter. 

4. SOFTWARE TECHNOLOGY AND PATENT RIGHTS 
 4.1 Software Technology and Patent Acquisition Right. AuthenTec hereby grants to Apple the right to acquire the licenses, covenants, rights and benefits set forth in this Article 4 with
respect to Software Technology and AuthenTec Software Sensor Patents (“Software and Patent Acquisition Right”) for the fee set forth in Section 4.11. 

4.2 Software License Grant. Without limiting any implied rights or the application of the doctrine of patent exhaustion under
applicable Law, subject to Apple’s payment obligations as set forth in Section 4.11 and subject to Article 12, AuthenTec, on behalf of itself, its Affiliates and the respective successors and assigns of AuthenTec or any of
its Affiliates, hereby grants to Apple, its Affiliates and the respective successors and assigns of Apple or any of its Affiliates a non-exclusive, perpetual, irrevocable, worldwide license (which license will be fully paid-up and royalty-free upon
Apple’s payment of the fee set forth in Section 4.11), under all AuthenTec Intellectual Property Rights, to Commercialize any Software Technology and/or Software Improvements in connection with the Commercialization of any Apple
Sensors for incorporation into or use with any Apple-Branded Apple Products. Neither Apple nor any of its Affiliates nor any successors or assigns of Apple or any of its Affiliates may grant any sublicenses under the license granted in this
Section 4.2. For avoidance of doubt, this restriction on sublicensing does not affect or limit in any manner any “have made” rights granted under this Agreement. Apple covenants that it will not exercise the foregoing license
granted in this Section 4.2 unless and until it exercises the Software and Patent Acquisition Right in accordance with Section 2.3. If Apple does not exercise the Software and Patent Acquisition Right in accordance with
Section 2.3, the foregoing license granted in this Section 4.2 will automatically terminate and be of no force or effect. 
 4.3 Patent License Grant. Without limiting any implied rights or the application of the doctrine of patent exhaustion under applicable Law, subject to Apple’s payment obligations as set forth
in Section 4.11 and subject to Article 12, AuthenTec, on behalf of itself, its Affiliates and the respective successors and assigns of AuthenTec or any of its Affiliates, hereby grants to Apple, its Affiliates and the respective
successors and assigns of Apple or any of its Affiliates a non-exclusive, perpetual, irrevocable, worldwide license (which license will be fully paid-up and royalty-free upon Apple’s payment of the fee

  
 5 

 
set forth in Section 4.11), under all AuthenTec Software Sensor Patents, to Commercialize any Apple Sensors for incorporation into or use with any Apple Products. Neither Apple nor
any of its Affiliates nor any successors or assigns of Apple or any of its Affiliates may grant any sublicenses under the license granted in this Section 4.3. For avoidance of doubt, this restriction on sublicensing does not affect or
limit in any manner any “have made” rights granted under this Agreement. Apple covenants that it will not exercise the foregoing license granted in this Section 4.3 unless and until it exercises the Software and Patent
Acquisition Right in accordance with Section 2.3. If Apple does not exercise the Software and Patent Acquisition Right in accordance with Section 2.3, the foregoing license granted in this Section 4.3 will
automatically terminate and be of no force or effect. 
 4.4 Covenant Not to Sue. In addition to the licenses granted in
Section 4.2 and Section 4.3, subject to Apple’s payment obligations as set forth in Section 4.11 and subject to Article 12, AuthenTec, on behalf of itself, its Affiliates, and the respective successors
and assigns of AuthenTec or any of its Affiliates, hereby irrevocably covenants not to sue (or threaten to sue) Apple, any of its Affiliates or any successors or assigns of Apple or any of its Affiliates, and hereby irrevocably covenants not to
knowingly sue any Other Covenant Beneficiary (or knowingly individually threaten to sue any Other Covenant Beneficiary) or knowingly maintain any suit against any Other Covenant Beneficiary (or knowingly maintain any threat of suit against any
individual Other Covenant Beneficiary), in each of the foregoing cases, for infringement of any (a) AuthenTec Intellectual Property Rights in or to any Software Technology or Software Improvements with respect to any Commercialization of any
Apple Sensors for incorporation into or, in the case of Apple, any of its Affiliates or any successors or assigns of Apple or any of its Affiliates, use with any Apple-Branded Apple Products or (b) any AuthenTec Software Sensor Patent with
respect to any Commercialization of any Apple Sensors for incorporation into or, in the case of Apple, any of its Affiliates or any successors or assigns of Apple or any of its Affiliates, use with any Apple Products. No Apple Product (or any
component of any Apple Product) will be used to satisfy any claim or claim element asserted by AuthenTec or any of its Affiliates, or any successors or assigns of AuthenTec or any of its Affiliates, against Apple, any of its Affiliates, or any
successors or assigns of Apple or any of its Affiliates, or any Other Covenant Beneficiary. The Parties agree that the foregoing covenants in this Section 4.4 will not be of any force or effect unless and until Apple exercises the
Software and Patent Acquisition Right in accordance with Section 2.3. If Apple does not exercise the Software and Patent Acquisition Right in accordance with Section 2.3, the foregoing covenants in this
Section 4.4 will automatically terminate and be of no force or effect. 
 4.5 Duration and Irrevocability of
Licenses and Covenants. If Apple exercises the Software and Patent Acquisition Right, subject to Apple’s payment obligations with respect to the Software and Patent Acquisition Right as set forth in Section 4.11 and subject to
Article 12, the licenses granted in Section 4.2 and Section 4.3 and the covenants in Section 4.4 (a) will continue in perpetuity and (b) are irrevocable. 

4.6 Future Assignments and Grants by AuthenTec. The licenses and covenants granted under this Article 4 with respect to any
AuthenTec Intellectual Property Rights, Software Technology, Software Improvements and AuthenTec Software Sensor Patents will run with such AuthenTec Intellectual Property Rights, Software Technology, Software Improvements and AuthenTec Software
Sensor Patents and will be binding on any successors or assigns thereof. Neither AuthenTec nor any of its Affiliates will assign, or grant any right under, any AuthenTec Intellectual Property Rights, Software Technology, Software Improvements or
AuthenTec Software Sensor Patents to any Person (other than Apple and its Affiliates) unless such assignment or grant is made subject to the license and covenants granted under this Article 4. Any attempted assignment of, or grant of any
right under, any AuthenTec Intellectual Property Rights, Software Technology, Software Improvements or AuthenTec Software Sensor Patents in contravention of this Section 4.6 will be null and void. 

  
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 4.7 AuthenTec Supply Chain Vendors. For 24 months after the exercise by Apple of the
Software and Patent Acquisition Right, Apple will have the right to directly source from AuthenTec Supply Chain Vendors any materials and products (excluding inventory of fabricated wafers, any work in progress under AuthenTec orders or packaged
component parts ordered by AuthenTec or any of its Affiliates) owned by AuthenTec or any of its Affiliates necessary or useful to Commercialize any Apple Sensors for incorporation into or use with any Apple Products, including the right to utilize
(and have AuthenTec Supply Chain Vendors utilize) any Software Technology or Software Improvements in the possession or control of (or otherwise made available by AuthenTec to) AuthenTec Supply Chain Vendors. AuthenTec, on behalf of itself, its
Affiliates and the respective successors and assigns of AuthenTec or any of its Affiliates, agrees: (a) not to take any action, or direct or cause any action to be taken, to make any such Software Technology or Software Improvements or any
Intellectual Property Rights related to any of the foregoing unavailable for use in connection with any Apple Sensors for incorporation into or use with any Apple Products; (b) to seek to obtain on behalf of Apple terms no less favorable than
the terms AuthenTec has with such AuthenTec Supply Chain Vendors; and (c) to provide Apple with written authorizations by no later than 30 days after the Software and Patent Acquisition Right Exercise Date that permit Apple to directly purchase
from AuthenTec Supply Chain Vendors any materials and products that are being produced for AuthenTec, at a price that would be agreed upon by Apple and such AuthenTec Supply Chain Vendors. 

4.8 Software Technology Transfer. Upon the exercise by Apple of the Software and Patent Acquisition Right, AuthenTec will use its
best efforts to immediately transfer and deliver to Apple all Software Technology (in a format mutually agreed upon by Apple and AuthenTec) existing as of the Effective Date in the manner and in accordance with the process, timelines and other
requirements set forth in the Technology Transfer Statement of Work. Apple will promptly acknowledge receipt of any Software Technology transferred to and received by Apple or notify AuthenTec of any deficiencies with respect to any Software
Technology transferred to and received by Apple. Until such transfer and delivery is complete in accordance with the Technology Transfer Statement of Work, AuthenTec will provide a written update to Apple each day indicating (a) the Software
Technology transferred and delivered by AuthenTec to Apple on such day and (b) the Software Technology that will be transferred and delivered by AuthenTec to Apple on the next day. During the period of AuthenTec’s transfer and delivery of
the Software Technology as set forth in the Technology Transfer Statement of Work, AuthenTec will make available to Apple, at no additional cost to Apple, all assistance, existing engineering resources (which engineering resources have supported or
are supporting any research, development, manufacturing, analysis or testing of any Project IP (as defined in each of the Prior Interim Agreement and the Interim Agreement) or any Project Work Product (as defined in the Development Agreement)),
training and technical support to enable Apple to make productive use of the Software Technology in connection with the design, development and/or Commercialization of any Apple Sensors for incorporation into or use with any Apple Products.
AuthenTec will ensure that all engineering resources provided under this Section 4.8 have appropriate technical competency 
 4.9 Software Improvements. 
 (a) Software Bug Fix Improvements. For
4 years after the Software and Patent Acquisition Right Exercise Date, AuthenTec will transfer and deliver to Apple each Software Improvement that is Bug Fix Improvement within 5 Business Days after the completion of the development of such Bug Fix
Improvement. 
 (b) Software Non-Bug Fix Improvements. The Parties will hold an engineering meeting during each of the
first 4 periods of 3 months each after the Software and Patent Acquisition Right Exercise Date (on a date and at a location mutually agreed upon by the Parties) (each, a “Software Engineering Meeting”). AuthenTec will disclose to
Apple at each Software Engineering Meeting all new 

  
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Software Non-Bug Fix Improvements during the applicable 3-month period (and, in the case of the first Software Engineering Meeting, any Software Non-Bug Fix Improvements prior to such 3-month
period). The Parties will discuss in good faith which of the Software Non-Bug Fix Improvements will be provided to Apple, based on the principle agreed upon by the Parties that any Improvements that are relevant to or useful for the
Commercialization of any Apple Sensors will be transferred and delivered to Apple within 10 Business Days after such Software Engineering Meeting and deemed to be and included as Software Improvements for purposes of this Agreement. If any Software
Non-Bug Fix Improvement has been developed, created or conceived, but not reduced to practice, during the 12 month period after the Effective Date, the Parties will discuss in good faith whether such Software Non-Bug Fix Improvement will be
transferred and delivered to Apple at such time that such Software Non-Bug Fix Improvement is reduced to practice. 
 (c)
Corrective Delivery or Disclosure of Improvements. In the event AuthenTec discovers, or Apple discovers and provides written notice to AuthenTec of, any (i) Software Improvement that is a Bug Fix Improvement that was not transferred and
delivered to Apple in accordance with Section 4.9(a) or (ii) Software Improvement that is a Non-Bug Fix Improvement that was not disclosed to Apple in accordance with Section 4.9(b), then AuthenTec will promptly transfer
and deliver such Software Improvement to Apple (in the case of (i)) and promptly disclose such Software Improvement to Apple (in the case of (ii)). If AuthenTec promptly transfers and delivers, or discloses, to Apple, as applicable, such Software
Improvement in accordance with the preceding sentence, AuthenTec will be deemed to not be in breach of this Section 4.9 with respect to such failure to transfer and deliver, or disclose, as applicable, such Software Improvement in
accordance with this Section 4.9. 
 4.10 Technical Support and Assistance. 

(a) If Apple exercises the Software and Patent Acquisition Right, for 1 year after the Software and Patent Acquisition Right Exercise
Date, AuthenTec will, at no additional cost to Apple (i) provide to Apple telephonic and electronic technical support and assistance with respect to any Software Technology or Software Improvements in response to requests from Apple,
(ii) respond to such requests in accordance with the response times set forth in Schedule B attached hereto and (iii) reasonably cooperate with Apple in connection with such requests. 

(b) AuthenTec will ensure that all engineering resources provided under this Section 4.10 have appropriate technical
competency. 
 4.11 Software and Patent Acquisition Right Fee. If Apple exercises the Software and Patent Acquisition
Right, subject to Article 12, Apple agrees to pay AuthenTec a total fee of $25 million, to be paid as follows: 
 (a) $20
million (the “Initial Software and Patent Acquisition Right Fee Payment”) within 30 days after the date of Apple’s written notice to AuthenTec that it is exercising the Software and Patent Acquisition Right in accordance with
Section 2.3; and 
 (b) $5 million in 4 installments of $1.25 million each as follows: (i) the first
installment of $1.25 million will be paid on or before the first day of the third month of the first full calendar quarter after the calendar quarter in which the payment set forth in Section 3.11(a) is due by Apple to AuthenTec; and
(ii) the remaining 3 installments of $1.25 million each will be due on or before the first day of the third month of each of the 3 consecutive calendar quarters following such first full calendar quarter. 

  
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 5. OWNERSHIP; NO GRANT OF RIGHTS; TERMINATION OF CERTAIN LICENSES. 

5.1 Ownership by AuthenTec. As between the Parties, AuthenTec owns all rights (including AuthenTec Intellectual Property Rights),
title and interest in and to all Hardware Technology, Software Technology and AuthenTec Improvements. 
 5.2 Ownership by
Apple. As between the Parties, Apple owns all rights (including Intellectual Property Rights), title and interest in and to all Apple Improvements, Apple Sensors and Apple Products (other than any Hardware Technology, Software Technology or
AuthenTec Improvements incorporated therein). 
 5.3 No Grant of Rights to AuthenTec. Nothing in this Agreement obligates
Apple or any of its Affiliates to provide or license to AuthenTec or any of its Affiliates, or grants (expressly or by implication) to AuthenTec or any of its Affiliates any license under or any right to use or otherwise Commercialize, any Apple
Improvements, Apple Sensors, Apple Products or any Intellectual Property Rights or Technology of Apple or any of its Affiliates. 
 5.4 No Grant of Rights to Apple for Certain Intellectual Property Rights of AuthenTec Acquiror. For avoidance of doubt, the licenses in Section 3.2, Section 3.3,
Section 4.2 and Section 4.3 do not grant any rights, and the covenants in Section 3.4 and Section 4.4 do not apply, to the following: 

(a) if AuthenTec is acquired by an AuthenTec Acquiror, any Intellectual Property Rights owned. acquired, controlled or licensable by, or
assigned to, such AuthenTec Acquiror or any AuthenTec Acquiror Affiliate, provided that (i) AuthenTec survives the acquisition transaction and (ii) such Intellectual Property Rights were not AuthenTec Intellectual Property Rights prior to
such acquisition transaction; or 
 (b) subject to the following sentence in this Section 5.4(b), any Intellectual
Property Rights owned by a third party that is not an Affiliate of AuthenTec (i) developed, created, authored, discovered or conceived by or for AuthenTec or any of its Affiliates pursuant to an agreement between such third party and AuthenTec
or any of its Affiliates (“Third Party Development Agreement”) and (ii) transferred or assigned by AuthenTec or such Affiliate to such third party pursuant to such Third Party Development Agreement. If AuthenTec is acquired by
an AuthenTec Acquiror and AuthenTec survives such acquisition transaction, AuthenTec agrees that neither AuthenTec nor any of its Affiliates will, on or after the closing of such acquisition transaction, enter into any agreement with such AuthenTec
Acquiror or any AuthenTec Acquiror Affiliate that would have the effect, whether intentional or not, of circumventing AuthenTec’s obligations under this Agreement to provide AuthenTec Improvements to Apple. 

5.5 Termination of Licenses Granted by Apple. The Parties hereby terminate, as of the Effective Date, any license related to any
Hardware Technology, Software Technology or AuthenTec Improvements granted by Apple to AuthenTec during the 120 days preceding the Effective Date, including the license in Section 2.4(b) of the Interim Agreement. The Parties acknowledge
and agree that such licenses will be of no force or effect after the Effective Date. 
 6. PAYMENTS. 

6.1 Payment Instructions. All payments by Apple to AuthenTec under this Agreement will be made by electronic transfer of funds to:

  
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 Bank Name: 
 SWIFT: 
 Routing: 

Account: 

Beneficiary: AuthenTec, Inc. 
 6.2 Taxes; Tax Documentation. AuthenTec will be responsible for any duties, taxes and levies to which it is subject as a result of any payment to AuthenTec hereunder. No later than 10 business days
after the Effective Date, AuthenTec will provide Apple with a completed IRS Form W9. If AuthenTec fails to provide such tax documentation or fails to provide tax documentation sufficient to allow a 0% tax rate, Apple may, at its discretion, cause
taxes to be deducted from the amount paid and cause such withholding taxes to be paid to the appropriate tax authority. For avoidance of doubt, in such case the actual payment to AuthenTec will be net of any taxes withheld. 

7. REPRESENTATIONS, WARRANTIES AND COVENANTS; WARRANTY DISCLAIMER. 
 7.1 Representations and Warranties by Each Party. Each Party represents and warrants to the other Party that it is a validly existing business and in good standing under the laws of the respective
jurisdictions in which it has activities, and has the full power and authority to enter into this Agreement and to perform its obligations hereunder and consummate the transactions contemplated herein. 

7.2 Representations and Warranties by AuthenTec. AuthenTec represents and warrants to Apple that: (a) it has all requisite
legal right, power and authority to execute, deliver and perform this Agreement; (b) except as set forth in Schedule C, it solely owns all AuthenTec Sensor Patents; (c) it owns all Hardware Technology and Software Technology and all
AuthenTec Intellectual Property Rights (other than AuthenTec Sensor Patents) in or to any Hardware Technology or Software Technology or, except for any Intellectual Property Rights or Technology owned by any third party and disclosed to Apple in
accordance with Section 7.3, otherwise has the right to grant to Apple and its Affiliates the licenses set forth in Section 3.2, Section 3.3, Section 4.2 and Section 4.3; (d) no third
party has any right to enforce any such AuthenTec Intellectual Property Rights or AuthenTec Sensor Patents or, to the best of AuthenTec’s Knowledge, recover for infringement or violation of any such AuthenTec Intellectual Property Rights or
AuthenTec Sensor Patents by Apple or any of its Affiliates at any time; (e) it has not entered into any agreement or granted, and will not enter into any agreement or grant, any option, license or other right, under any Intellectual Property
Rights or Technology, that (i) conflicts with or prevents AuthenTec from granting or providing to Apple, or would conflict with or prevent AuthenTec from granting or providing to Apple, any Acquisition Right, license, right or covenant granted
or provided to Apple and its Affiliates under this Agreement or (ii) conflicts with or prevents AuthenTec from performing, or would conflict with or prevent AuthenTec from performing, any obligation of AuthenTec or any of its Affiliates under
this Agreement; (f) there are no liens, conveyances, mortgages, assignments, encumbrances, or other agreements that prevent or would prevent or impair the full and complete exercise of the terms of this Agreement by Apple and its Affiliates;
and (g) to the best of AuthenTec’s Knowledge, Schedule D sets forth a true and correct list of all bugs, defects and errors as of the Effective Date in the Hardware Technology or Software Technology; provided, however,
that, in the event AuthenTec discovers, during the Term, additional bugs, defects or errors that are not listed on Schedule D, then so long as AuthenTec promptly notifies Apple in writing of such additional bugs, defects or errors, the
failure of AuthenTec to list such bugs, defects or errors on Schedule D will not be a material breach of this Section 7.2(g). The foregoing in clause (b) and clause (c) of the immediately foregoing sentence in this
Section 7.2 will not be interpreted as a representation or warranty that the AuthenTec Sensor Patents, Hardware Technology, Software Technology or AuthenTec Intellectual Property Rights in or to any

  
 10 

 
Hardware Technology or Software Technology, or their use or exploitation in any manner by Apple or its Affiliates, does not or will not infringe any Intellectual Property Rights of any Person.

 7.3 Third Party Intellectual Property Rights and Technology. Within 30 days after the Effective Date, AuthenTec agrees
to amend Schedule E (as necessary) to provide to Apple a true and correct list of all Intellectual Property Rights or Technology (a) owned by any third party and licensed to AuthenTec or any of its Affiliates that is necessary to
Commercialize any Hardware Technology, Software Technology and/or AuthenTec Improvements in connection with the Commercialization of any Apple Sensors or Apple Products and (b) owned by any third party and licensed to AuthenTec or any of its
Affiliates that is necessary to Commercialize any Hardware Technology, Software Technology and/or AuthenTec Improvements in connection with the Commercialization of any Apple Sensors or Apple Products and under or to which AuthenTec does not have
the right to grant Apple and its Affiliates a sublicense under this Agreement of the scope of the licenses granted under Section 3.2, Section 3.3, Section 4.2 and Section 4.3 or the scope of the
covenants set forth in Section 3.4 and Section 4.4. If Apple exercises the Hardware and Patent Acquisition Right or the Software and Patent Acquisition Right, AuthenTec will update such list promptly after such exercise by
Apple. Following the Effective Date, at Apple’s request, AuthenTec agrees to use its diligent efforts to obtain from each such third party (excluding You Technology, Inc.) the right to sublicense Apple, its Affiliates and the respective
successors and assigns of Apple or any of its Affiliates or to assist Apple in obtaining from each such third party a license or sublicense under or to such third party Intellectual Property Rights or Technology, as the case may be, that is
necessary to Commercialize, on terms and conditions no less favorable than the terms and conditions of AuthenTec’s or its applicable Affiliate’s license to such third party Intellectual Property Rights and Technology, any Hardware
Technology, Software Technology and/or AuthenTec Improvements in connection with the Commercialization of any Apple Sensors or Apple Products, in each case, within the scope of the licenses granted in Section 3.2 and
Section 3.3 (if Apple exercises the Hardware and Patent Acquisition Right) and Section 4.2 and Section 4.3 (if Apple exercises the Software and Patent Acquisition Right). 

7.4 Warranty Disclaimer. 

(a) THE REPRESENTATIONS AND WARRANTIES OF EACH PARTY IN SECTION 7.1 AND OF AUTHENTEC IN SECTION 7.2 ARE THE SOLE AND
EXCLUSIVE REPRESENTATIONS AND WARRANTIES GIVEN BY SUCH PARTY UNDER THIS AGREEMENT. NEITHER PARTY NOR ANY OF ITS AFFILIATES MAKES ANY OTHER REPRESENTATION OR WARRANTY UNDER THIS AGREEMENT WITH RESPECT TO ANY SUBJECT MATTER OF THIS AGREEMENT, AND EACH
PARTY HEREBY EXPRESSLY DISCLAIMS ALL OTHER REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. WITHOUT LIMITING THE SCOPE OF THIS SECTION
7.4(a), SUBJECT TO SECTION 7.2, AUTHENTEC MAKES NO WARRANTY OF ANY KIND THAT THE HARDWARE TECHNOLOGY, THE SOFTWARE TECHNOLOGY OR THE AUTHENTEC IMPROVEMENTS ARE FREE OF DEFECTS OR ARE FIT FOR THEIR INTENDED PURPOSE OR ANY PARTICULAR
PURPOSE AT ALL. 
 (b) THE HARDWARE TECHNOLOGY, SOFTWARE TECHNOLOGY AND AUTHENTEC IMPROVEMENTS ARE NOT INTENDED OR SUITABLE FOR
USE IN SITUATIONS OR ENVIRONMENTS WHERE THE FAILURE OR TIME DELAYS OF, OR ERRORS OR INACCURACIES IN THE CONTENT, DATA OR INFORMATION PROVIDED BY, THE HARDWARE TECHNOLOGY, SOFTWARE TECHNOLOGY AND AUTHENTEC IMPROVEMENTS COULD LEAD TO DEATH, PERSONAL
INJURY, OR SEVERE PHYSICAL OR ENVIRONMENTAL DAMAGE, INCLUDING THE OPERATION OF NUCLEAR FACILITIES, 

  
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AIRCRAFT NAVIGATION OR COMMUNICATION SYSTEMS, AIR TRAFFIC CONTROL, LIFE SUPPORT OR WEAPONS SYSTEMS. 
 7.5 Covenants by AuthenTec Related to Acquisition Rights. During the Term, AuthenTec agrees not to (a) enter into any agreement with any third party that grants such third party any licenses
under or rights with respect to any Hardware Technology, Software Technology, AuthenTec Improvements or AuthenTec Sensor Patents (other than non-exclusive licenses and rights of the same scope as those granted by AuthenTec in the ordinary course of
its business before the Effective Date (e.g., distribution and license of driver source materials for its Products)) or (b) enter into any agreement with, or grant any options, rights or benefits to, any third party that (i) conflicts
with, or otherwise would prevent Apple from exercising and enjoying all of the rights of and benefits under, any Acquisition Right or (ii) conflicts with, or prevents AuthenTec from granting or providing to Apple, any licenses, covenants,
rights or benefits that are the subject of any of the Acquisition Rights. 
 8. TERM AND TERMINATION. 

8.1 Term. The term of this Agreement will commence as of the Effective Date and, unless earlier terminated in accordance with
Section 8.2, will continue until 270 days after the Effective Date (“Term”). 
 8.2 Termination
by Either Party. Subject to Article 12, this Agreement may be terminated by either Party if the other Party materially breaches any provision of this Agreement and fails to cure such breach within 30 days after receiving written notice
from the non-breaching Party describing such breach. 
 8.3 Termination by Apple. If any additional third party
Intellectual Property Rights or Technology required to be listed by Section 7.3(b) are added to Schedule E after the Effective Date, Apple may, within 10 Business Days after the receipt by Apple from AuthenTec of an amendment to
Schedule E, terminate this Agreement upon written notice to AuthenTec. If Apple terminates this Agreement pursuant to this Section 8.3 after payment of the Acquisition Right Fee, AuthenTec will promptly (and in no event later than
10 Business Days after the effective date of such termination) refund to Apple the Acquisition Right Fee. If Apple terminates this Agreement pursuant to this Section 8.3 prior to payment of the Acquisition Right Fee, for avoidance of
doubt, Apple will not be obligated to pay to AuthenTec the Acquisition Right Fee (or any portion thereof). 
 8.4 Effect of
Termination. Upon the expiration or any termination of this Agreement, the following provisions of this Agreement will survive: 
 (a) if Apple exercises the Hardware and Patent Acquisition Right, Article 3; provided, however, that, if, subject to Article 12, AuthenTec terminates this Agreement pursuant to
Section 8.2 for a material breach by Apple of its payment obligations as set forth in Section 3.11, the licenses granted in Section 3.2 and Section 3.3 and the covenants in Section 3.4 will
not survive (but, for avoidance of doubt, any activities undertaken by or for Apple or any of its Affiliates or any successors or assigns of Apple or any of its Affiliates prior to the date of termination that were licensed under or subject to the
covenants in Article 3 cannot later be the subject of any legal claims after the date of termination); 
 (b) if Apple
exercises the Software and Patent Acquisition Right, Article 4; provided, however, that (i) if, subject to Article 12, AuthenTec terminates this Agreement pursuant to Section 8.2 for a material breach by
Apple of its payment obligations as set forth in Section 4.11, the licenses granted in Section 4.2 and Section 4.3 and the covenants in Section 4.4 will not survive (but, for avoidance of doubt, any
activities undertaken by or for Apple or any of its Affiliates or any successors or assigns of Apple or any of its Affiliates prior to the date of termination that were licensed under or subject to the covenants in Article 4 cannot later be
the subject of any legal claims after the date of termination); and 

  
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 (c) Article 1, Article 5, Article 6, Article 7,
Section 8.4, Article 9, Article 10, Article 11, Article 12, Article 13 and Exhibit A. 

9. CONFIDENTIALITY. 

9.1 Confidentiality Obligations. The Parties agree that all Confidential Information (as defined in the Nondisclosure Agreement)
disclosed in connection with this Agreement is subject to the terms and conditions of the Nondisclosure Agreement. All Hardware Technology, Software Technology (other than object code) and AuthenTec Improvements will be deemed Confidential
Information of AuthenTec subject to the terms and conditions of the Nondisclosure Agreement. AuthenTec acknowledges and agrees that any suppliers, manufacturers and vendors of Apple or any of its Affiliates that Apple or such Affiliate retains to
“have made” any Apple Sensors or Apple Products under any licenses granted by AuthenTec under this Agreement may receive Confidential Information of AuthenTec from Apple or such Affiliate to the extent such Confidential Information of
AuthenTec is required or desirable for such Apple Sensors and Apple Products to be made for Apple or such Affiliate. Apple agrees that all such suppliers, manufacturers and vendors will be subject to confidentiality obligations with respect to such
Confidential Information of AuthenTec that are at least as protective of such Confidential Information of AuthenTec as the confidentiality obligations of Apple and its Affiliates under the Nondisclosure Agreement. 

9.2 Additional Confidentiality Obligations. AuthenTec agrees not to disclose (a) the existence or any terms of this Agreement
(except as required by federal securities Law in accordance with this Section 9.2) without Apple’s prior written consent or (b) any information about (i) any Apple Sensors that contain or are based on any Confidential
Information disclosed under this Agreement or (ii) any Apple Products into which any Apple Sensors are or will be incorporated. AuthenTec will not make any public statements or any filings with the United States Securities and Exchange
Commission (the “SEC”) or the Nasdaq Stock Market disclosing or otherwise referencing the existence or any terms of this Agreement, except as required by federal securities Law in accordance with this Section 9.2. If
AuthenTec determines in its reasonable judgment that applicable federal securities Law requires AuthenTec to make any public disclosures or filings with the SEC or the Nasdaq Stock Market disclosing or otherwise referencing the existence or any
terms of this Agreement, AuthenTec will consult with Apple prior to making such disclosure or filing and provide Apple with a reasonable opportunity to review and comment on such disclosure or filing prior to making such disclosure or filing.
AuthenTec will cooperate with Apple regarding any such disclosures or filings and use reasonable best efforts to redact such disclosures or filings to the extent reasonably requested by Apple and make such disclosure or filings subject to a
Confidential Treatment Request. 
 10. INDEMNIFICATION 
 10.1 Indemnification by AuthenTec. AuthenTec agrees to indemnify, defend and hold harmless Apple and its Affiliates and each of Apple’s and each of its Affiliates’ respective officers,
directors, employees, agents, representatives, suppliers, licensees, resellers, distributors, customers, successors and assigns (“Apple Indemnified Parties”) from and against all claims, losses, liabilities, damages, settlements,
costs and expenses (including reasonable fees and expenses of attorneys incurred in connection with the investigation or defense of any actions) arising out of or resulting from any third party claims brought or made against any of the Apple
Indemnified Parties alleging that the Commercialization of any Hardware Technology or Hardware Improvements (in the case Apple exercises the Hardware and Patent Acquisition Right) and/or any Software Technology or Software Improvements

  
 13 

 
(in the case Apple exercises the Software and Patent Acquisition Right) (in each of the foregoing cases, (a) either alone or in combination with any other Intellectual Property Rights or
Technology and/or (b) as may be altered or modified) infringes or constitutes or results from a misappropriation of any third party Intellectual Property Rights or Technology (each, a “Claim”); provided, however,
that such Commercialization of any Hardware Technology, Hardware Improvements, Software Technology and Software Improvements is within the scope of the licenses granted to Apple and its Affiliates under this Agreement. 

10.2 Exceptions to Indemnification by AuthenTec. AuthenTec will not have an indemnification obligation pursuant to
Section 10.1 with respect to a Claim to the extent such Claim is directly attributable to: (a) an alteration or modification of any Hardware Technology, Software Technology or AuthenTec Improvement developed, created, authored,
discovered or conceived independently by any Apple Indemnified Party, unless such Hardware Technology, Software Technology or AuthenTec Improvement as provided by AuthenTec to Apple substantially embodies the essential elements of an invention
claimed in any patent asserted in such Claim; or (b) the combination by any Apple Indemnified Party of any Hardware Technology, Software Technology or AuthenTec Improvement with any Product not provided by AuthenTec or any of its Affiliates
unless such Hardware Technology, Software Technology or AuthenTec Improvement substantially embodies the essential elements of an invention claimed in any patent asserted in such Claim. For avoidance of doubt, if the accused structure at issue in a
patent infringement Claim is a third party software application (e.g., airline security application), that uses only the output of the Software Technology and is not otherwise based on the Software Technology or Hardware Technology, then such Claim
would not be subject to indemnification. AuthenTec will not have an indemnification obligation pursuant to Section 10.1 for any infringement claims arising out of or resulting from patents identified in the Patent License Agreement,
effective as of September 10, 2010, between AuthenTec and You Technology, Inc. (f.k.a. YT Acquisition Corporation). 
 10.3
Indemnification by Apple. Apple agrees to indemnify, defend and hold harmless AuthenTec and its Affiliates and each of AuthenTec’s and each of its Affiliates’ respective officers, directors, employees, agents, representatives,
suppliers, licensees, resellers, distributors, customers, successors and assigns (“AuthenTec Indemnified Parties”) from and against all claims, losses, liabilities, damages, settlements, costs and expenses (including reasonable fees
and expenses of attorneys incurred in connection with the investigation or defense of any actions) arising out of or resulting from any (a) third party claims brought or made against any of the AuthenTec Indemnified Parties alleging that any
Apple Product that incorporates any Hardware Technology, Software Technology or AuthenTec Improvement has directly caused personal injury or property damage or (b) claims brought by a class of shareholders of Apple against AuthenTec claiming a
diminution in Apple shareholder value arising from any security breach or any payment system breach to which any Hardware Technology, Software Technology or AuthenTec Improvement is a contributing factor. 

10.4 Indemnification Procedure. In connection with any claim for which any Apple Indemnified Party seeks indemnification pursuant
to Section 10.1 or any AuthenTec Indemnified Party seeks indemnification pursuant to Section 10.2, the applicable Party seeking indemnification (the “Indemnified Party”) will (a) notify the other Party (the
“Indemnifying Party”) reasonably promptly in writing of such claim, provided that any delay in notification will not relieve the Indemnifying Party of its obligations under this Article 10 except to the extent such delay
materially impairs the Indemnifying Party’s ability to defend such claim, (b) permit the Indemnifying Party to answer and, subject to the following in this Section 10.4, defend such claim using counsel of the Indemnifying
Party’s choice (which counsel is reasonably acceptable to the Indemnified Party), provided that the Indemnified Party (at its cost) may participate in the defense of such claim with counsel of the Indemnified Party’s choice, and
(c) provide information and assistance reasonably necessary to enable the Indemnifying Party to defend such claim (at the Indemnifying Party’s written request and expense). The Indemnifying Party may not

  
 14 

 
settle any such action without the Indemnified Party’s prior written consent. The Indemnified Party will not settle any such claim without the Indemnifying Party’s prior written
consent, which consent will not be unreasonably withheld. The Indemnifying Party will not publicize or permit any third party to publicize any settlement of any such claim without the Indemnified Party’s prior written consent. If the
Indemnifying Party does not agree that any claim is fully covered by this Article 10, then the Parties agree to negotiate in good faith an equitable arrangement regarding the defense of such claim and any settlement thereof consistent with
the Indemnifying Party’s obligations hereunder. 
 11. LIMITATION OF LIABILITY 

EXCEPT WITH RESPECT TO ANY BREACHES BY EITHER PARTY OF ARTICLE 9, IN NO EVENT WILL THE AGGREGATE LIABILITY OF EITHER PARTY, OR ANY
OF ITS AFFILIATES, UNDER THIS AGREEMENT EXCEED THE LESSER OF (a) ALL AMOUNTS PAID TO DATE, AT THE TIME OF THE CLAIM, BY APPLE UNDER BOTH THE DEVELOPMENT AGREEMENT AND THIS AGREEMENT OR (b) $90 MILLION. 

12. DISPUTE RESOLUTION 

12.1 Dispute Resolution Procedure. Any dispute between the Parties arising under or in connection with this Agreement
(“Dispute”) will be resolved in accordance with the procedure described in this Section 12.1. In the event of any Dispute, either Party (“Notifying Party”) may provide written notice to the other Party
(“Receiving Party”) describing such Dispute (including, if applicable, any alleged breach of this Agreement by the Receiving Party). Within 20 days after the Receiving Party receives such notice, senior management of each Party will
discuss in good faith such Dispute and attempt to resolve such Dispute. If, after such 20-day period, such Dispute is not resolved, either Party may provide written notice to the other Party initiating expedited arbitration with respect to such
Dispute (“Arbitration Notice”). Such arbitration will be conducted in the State of California in accordance with the rules and procedures of the International Chamber of Commerce as modified by the remainder of this
Section 12.1. Each Party will appoint 1 arbitrator. The arbitrators selected by the Parties will mutually select 1 additional arbitrator, who will act as the presiding arbitrator. Within 60 days after such Arbitration Notice, the
arbitrators will determine the resolution of such Dispute in accordance with this Agreement. If any Dispute involves any claim by Apple of any material breach by AuthenTec or any of its Affiliates of any provision of this Agreement, then:
(a) Apple may withhold any payments due under this Agreement (except for the Initial Hardware and Patent Acquisition Right Fee Payment and the Initial Software and Patent Acquisition Right Fee Payment) and any payments due under
any Statement of Work under the Development Agreement; (b) if the arbitrators determine that AuthenTec or any of its Affiliates is in material breach of this Agreement and awards damages to Apple in connection with such breach, (i) Apple
may retain such withheld payments in an amount equal to such damages (which shall be considered AuthenTec’s payment of such damages to the extent of such withheld payment amount), (ii) if there is any remaining balance of such withheld
payments, Apple shall only be obligated to pay such remaining balance to AuthenTec in full satisfaction of the withheld payments and (iii) Apple may continue to withhold any such remaining balance until 10 Business Days after AuthenTec or such
Affiliate cures such breach in accordance with the arbitrators’ award; and (c) if the arbitrators determine that AuthenTec and its Affiliates are not in material breach of this Agreement, Apple will pay any withheld amounts then due under
this Agreement and any withheld amounts then due under any Statement of Work under the Development Agreement within 10 Business Days after such determination. The determination rendered by the arbitrators will include the steps to be taken by each
Party (if any) in connection with the resolution of such Dispute and may include the payment of damages or injunctive relief as necessary. Judgment on such determination may be entered in any court having jurisdiction. All terms and conditions of
this Agreement (including, for avoidance of doubt, Section 3.2, Section 3.3, Section 3.4, Section 4.2, Section 4.3 and Section 4.4) will continue in full force and effect
during the pendency of the resolution of such Dispute. 

  
 15 

 13. MISCELLANEOUS.  
 13.1 Compliance by AuthenTec Affiliates. AuthenTec will cause each of its Affiliates to comply with the terms and conditions of this Agreement and will be responsible and liable for any breach of
any provision of this Agreement by any of its Affiliates. 
 13.2 Amendment or Supplement. This Agreement may be amended
or supplemented in any and all respects by written agreement of the Parties hereto. 
 13.3 Waiver. No failure or delay
by Apple or AuthenTec in exercising any right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right hereunder. Any agreement on
the part of a Party hereto to any waiver shall be valid only if set forth in an instrument in writing signed on behalf of such Party. 
 13.4 Assignment; Binding Effect. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned, in whole or in part, by operation of Law or otherwise, by any of
the Parties without the prior written consent of the other Parties, except that (a) Apple may assign, in its sole discretion, any of or all its rights, interests and obligations under this Agreement to one or more of its Affiliates, but no such
assignment shall relieve Apple of any of its obligations hereunder and (b) AuthenTec may assign all of its rights, interests and obligations under this Agreement to an AuthenTec Acquiror in connection with a Change of Control of AuthenTec
without Apple’s prior written consent, provided that (i) such AuthenTec Acquiror executes a “Written Declaration of Commitment to Perform Obligations” in the form attached hereto as Schedule F and (ii) AuthenTec
provides written notice to Apple of such assignment and Change of Control within five (5) Business Days after such Change of Control. For purposes of this Agreement, a Change of Control of AuthenTec will be deemed to be an assignment of this
Agreement by AuthenTec. Subject to the foregoing in this Section 13.4, this Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the Parties hereto and their respective successors and permitted assigns (which
shall be deemed to include any successor of AuthenTec or any acquiror of AuthenTec’s securities or assets pursuant to a Change of Control as though such successor or acquiror were a party hereto). Any purported assignment not permitted under
this Section 13.4 shall be null and void. 
 13.5 Counterparts. This Agreement may be executed in
counterparts (each of which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement) and shall become effective when one or more counterparts have been signed by each of the Parties and delivered
to the other Party. 
 13.6 Entire Agreement; No Third-Party Beneficiaries. This Agreement (a) constitutes the
entire agreement, and supersedes all other prior agreements and understandings, both written and oral, among the Parties, or any of them, with respect to the subject matter hereof and thereof and (b) except as expressly provided herein, is not
intended to and shall not confer upon any Person other than the Parties hereto any rights or remedies hereunder. 
 13.7
Governing Law. This Agreement shall be governed by, and construed in accordance with, the Laws of the State of California, applicable to contracts executed in and to be performed entirely within that State. 

  
 16 

 13.8 Specific Enforcement. The Parties agree that irreparable damage would occur in
the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, notwithstanding Section 12.1, the Parties shall be entitled to
seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in any state court of the State of California or any federal court sitting in the State of California,
without bond or other security being required, this being in addition to any other remedy to which they are entitled at Law or in equity. 
 13.9 Notices. All notices, requests and other communications to any Party hereunder shall be in writing and shall be deemed given (a) when delivered or sent if delivered in person or sent by
facsimile transmission (provided confirmation of facsimile transmission is obtained), (b) on the 3rd Business Day after dispatch by registered certified mail, (c) on the next Business Day if transmitted by national overnight courier or
(d) on the date delivered if sent by email (provided confirmation of email receipt is obtained), in each case as follows: 

If to Apple, to: 
 Apple Inc. 
 Office of the Chief Financial Officer 

1 Infinite Loop, MS 301-CFO 
 Cupertino, California 95014 
 Attention: Chief Financial Officer

 Facsimile: (408) 974-2023 

and 
 Apple Inc. 
 Office of the General Counsel 

1 Infinite Loop, MS 301-4GC 
 Cupertino, California 95014 
 Attention: General Counsel

 Facsimile: (408) 974-8530 
 with a copy (which shall not constitute notice) to: 
 Weil,
Gotshal & Manges LLP 
 201 Redwood Shores Parkway 

Redwood Shores, California 94065 
 Attention: Karen N. Ballack 
 Facsimile: (650) 802-3100

 Email: karen.ballack@weil.com 
 If to AuthenTec, to: 
 AuthenTec, Inc. 

100 Rialto Place 
 Suite 100 
 Melbourne, Florida 32901 

Attention: Lawrence J. Ciaccia 
                    Frederick R. Jorgenson 

Facsimile: (321) 308-1410 
 Email: Larry.ciaccia@authentec.com 

            Fred.jorgenson@authentec.com 

  
 17 

 with a copy (which shall not constitute notice) to: 

Alston + Bird LLP 
 One Atlantic Center 
 1201 West Peachtree Street 

Atlanta, Georgia 30309 
 Attention: W. Scott Ortwein 

                   Justin
Howard 
 Facsimile: (404) 881-7777 

Email: scott.ortwein@alston.com 
             justin.howard@alston.com 
 13.10 Severability. If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced by any rule of Law or
public policy, all other terms, provisions and conditions of this Agreement shall nevertheless remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic and legal substance of the transactions
contemplated by this Agreement is not affected in any manner adverse to any Party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the Parties as closely as possible to the fullest extent permitted by applicable Law in an acceptable manner to the end that the transactions contemplated by this Agreement are
fulfilled to the extent possible. 
 13.11 Interpretation. Unless otherwise expressly provided, for purposes of this
Agreement, the following rules of interpretation shall apply: 
 (a) Calculation of Time Period. When calculating the
period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such period is a
non-Business Day, the period in question shall end on the next succeeding Business Day. 
 (b) Dollars. Any reference in
this Agreement to $ shall mean U.S. dollars. 
 (c) Headings. When a reference is made in this Agreement to an Article, a
Section, an Exhibit or a Schedule, such reference shall be to an Article of, a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated. The provisions of a Table of Contents, the division of this Agreement into Articles,
Sections and other subdivisions and the insertion of headings are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 (d) Including. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation.” 
 (e) Herein. The words “hereof,” “herein” and “hereunder” and words of
similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. 

  
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 (f) Definitions; Gender and Number. All terms defined in this Agreement shall have
the defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such
terms and to the masculine as well as to the feminine and neuter genders of such term. 
 (g) Updates. Any statute
defined or referred to herein or in any agreement or instrument that is referred to herein means such statute as from time to time amended, modified or supplemented, including by succession of comparable successor statutes and references to all
attachments thereto and instruments incorporated therein. References to a Person are also to its permitted successors and assigns. 
 (h) Negotiation and Drafting. The Parties hereto have participated jointly in the negotiation and drafting of this Agreement and, in the event an ambiguity or question of intent or interpretation
arises, this Agreement shall be construed as jointly drafted by the Parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any provision of this Agreement. 

13.12 Bankruptcy. It is the intent of the Parties and the Parties hereby agree that in the event of any proceeding by or against
AuthenTec under any Law relating to bankruptcy, insolvency, reorganization or relief of any debtors, all rights, licenses, covenants, privileges, releases and immunities granted under or pursuant to this Agreement will continue without termination,
rejection or avoidance by virtue of or in the context of such proceeding. All rights, licenses, covenants, privileges, releases and immunities granted under or pursuant to this Agreement by AuthenTec are, and will otherwise be deemed to be, for the
purposes of Section 365(n) of 11 U.S.C. § 101 (et seq.) (the “U.S. Bankruptcy Code”), licenses of rights to “intellectual property” as defined under Section 101(35A) of the U.S. Bankruptcy Code. The Parties
further agree that in the event that any proceeding is instituted by or against AuthenTec under any Law relating to bankruptcy, insolvency, reorganization or relief of any debtors, the provisions of Section 365(n) of the U.S. Bankruptcy Code
will apply, and that Apple will retain and may fully exercise all of its respective rights and elections under the U.S. Bankruptcy Code. Upon written notice from Apple to AuthenTec or the bankruptcy trustee of AuthenTec of Apple’s election to
proceed under Section 365(n) of the U.S. Bankruptcy Code, AuthenTec and such bankruptcy trustee will comply in all respects with Section 365(n) of the U.S. Bankruptcy Code, including by not interfering with the rights of Apple, any of its
Affiliates or any successors or assigns of Apple or any of its Affiliates as provided by this Agreement. 
 [THE REMAINDER OF
THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed and
delivered as of the Effective Date. 
  

			
	APPLE INC.
		
	By:	 	/s/    Peter Oppenheimer        
		 	Name: Peter Oppenheimer
		 	Title: SVP and CFO
	
	AUTHENTEC, INC.
		
	By:	 	/s/    Lawrence J. Ciaccia        
		 	Name: Lawrence J. Ciaccia
		 	Title: Chief Executive Officer

  
  
  

 
  

[SIGNATURE PAGE TO INTELLECTUAL PROPERTY AND TECHNOLOGY AGREEMENT] 

 Exhibit A 

Defined Terms 
 1.1 “2D Fingerprint Sensor” means a silicon fingerprint sensor, including (as applicable) its packaging, flex and all other Hardware Technology elements, that operates primarily by virtue
of detection of a user’s fingerprint on the surface of a device and does not require the user to move or slide his or her finger across the surface of the device. 
 1.2 “Affiliate” means, as to any Person, any other Person that, directly or indirectly, is controlled by such Person. For this purpose, “control” (including, with its
correlative meaning, “controlled by”) means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Person, whether through the ownership of securities or partnership or other
ownership interests, by contract or otherwise. 
 1.3 “Apple-Branded Apple Product” means any Apple Product
Commercialized under a trademark or brand name owned by Apple or any of its Subsidiaries. 
 1.4 “Apple
Improvement” means any Improvement of or to any Hardware Technology, Software Technology or AuthenTec Improvement, in each case, that is developed, created, authored, discovered or conceived by or for Apple or any of its Affiliates (whether
alone or with any other Person (including AuthenTec or any of its Affiliates)). 
 1.5 “Apple Product” means
any Product that is Commercialized by or for Apple or any of its Affiliates. 
 1.6 “Apple Sensor” means a 2D
Fingerprint Sensor that is suitable for use in an Apple Product. 
 1.7 “AuthenTec Acquiror” means a third
party that acquires control of AuthenTec pursuant to a Change of Control. 
 1.8 “AuthenTec Acquiror Affiliate”
means, as to an AuthenTec Acquiror, any other Person (other than AuthenTec or any of its Affiliates) that, directly or indirectly, is controlled by, or is under common control with, such AuthenTec Acquiror. For this purpose, “control”
(including, with its correlative meanings, “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of management or policies of a Person,
whether through the ownership of securities or partnership or other ownership interests, by contract or otherwise. 
 1.9
“AuthenTec Hardware Sensor Patents” means any (a) AuthenTec Sensor Patents that would be infringed, directly or indirectly, in whole or in part, by any Commercialization of any hardware-related Technology, materials, tools and
documents that are necessary or useful to Commercialize any fingerprint sensors and (b) AuthenTec Sensor Patents other than any AuthenTec Sensor Patents that would be infringed, directly or indirectly, in whole or in part, by any
Commercialization of any software -related Technology, materials, tools and documents that are necessary or useful to Commercialize any fingerprint sensors. 
 1.10 “AuthenTec Improvement” means any of the following that is developed, created, authored, discovered or conceived by or for AuthenTec or any of its Affiliates (whether alone or with
any other Person (excluding Apple or any of its Affiliates), where the resulting Improvement is owned, controlled or licensable to Apple by AuthenTec or any of its Affiliates): (a) any Bug Fix Improvement

  
 21 

 
developed, created, authored, discovered or conceived prior to the 4th anniversary of the Effective Date, (b) any other Improvement of or to any Hardware Technology (in the case Apple
exercises the Hardware and Patent Acquisition Right) licensed to Apple and its Affiliates under this Agreement (“Hardware Non-Bug Fix Improvement”), which Hardware Non-Bug Fix Improvement is developed, created, authored, discovered
or conceived after the Effective Date and prior to the 1st anniversary of the Hardware and Patent Acquisition Right Exercise Date and is relevant to or useful for the Commercialization of any Apple Sensors as determined pursuant to the process set
forth in Section 3.9(b)and (c) any other Improvement of or to any Software Technology (in the case Apple exercises the Software and Patent Acquisition Right) licensed to Apple and its Affiliates under this Agreement
(“Software Non-Bug Fix Improvement”), which Software Non-Bug Fix Improvement is developed, created, authored, discovered or conceived after the Effective Date and prior to the 1st anniversary of the Software and Patent Acquisition
Right Exercise Date and is relevant to or useful for the Commercialization of any Apple Sensors as determined pursuant to the process set forth in Section 4.9(b). In no event will AuthenTec Improvement include any Apple Improvement.

 1.11 “AuthenTec Intellectual Property Rights” means all AuthenTec Patents and all other Intellectual
Property Rights owned, acquired, controlled or licensable by, or assigned to, AuthenTec or any of its Affiliates. 
 1.12
“AuthenTec Patents” means (a) all patents and patent applications (together with patents issuing thereon) in all jurisdictions worldwide that are owned, acquired, controlled or licensable to others by, or assigned to, AuthenTec
or any of its Affiliates at any time on or after the Effective Date, or to which AuthenTec or any of its Affiliates has, at any time on or after the Effective Date, a right to assert a claim of infringement, (b) any divisional, continuation,
continuation-in-part, reissue, reexamination, utility model, foreign counterpart, parent or extension of any patent or patent application included in clause (a) of this Section 1.12 and (c) any patent or patent application in
any jurisdiction worldwide whose priority is based upon or in common with any patent or patent application in clause (a) or (b) of this Section 1.12. 
 1.13 “AuthenTec Sensor Patents” means all AuthenTec Patents that may apply or relate to Commercialization of any fingerprint sensors or any Products using or incorporating any fingerprint
sensors. For avoidance of doubt, if Apple exercises both the Hardware and Patent Acquisition Right and the Software and Patent Acquisition Right, then the patent licenses granted in Section 3.3 and Section 4.3 will be under
all AuthenTec Sensor Patents. 
 1.14 “AuthenTec Software Sensor Patents” means any (a) AuthenTec Sensor
Patents that would be infringed, directly or indirectly, in whole or in part, by any Commercialization of any software -related Technology, materials, tools and documents that are necessary or useful to Commercialize any fingerprint sensors and
(b) AuthenTec Sensor Patents other than any AuthenTec Sensor Patents that would be infringed , directly or indirectly, in whole or in part, by any Commercialization of any hardware-related Technology, materials, tools and documents that are
necessary or useful to Commercialize any fingerprint sensors. 
 1.15 “Bug Fix Improvement” means any
Improvement of or to any Hardware Technology (in the case Apple exercises the Hardware and Patent Acquisition Right) or Software Technology (in the case Apple exercises the Software and Patent Acquisition Right) licensed to Apple and its Affiliates
under this Agreement, which Improvement constitutes a bug fix, error fix or workaround. 
 1.16 “Business Day”
means a day except a Saturday, a Sunday or other day on which the United States Securities and Exchange Commission or banks in the City of San Francisco, California, are authorized or required by Law to be closed. 

  
 22 

 1.17 “Change of Control” means: (a) any Person or “group”
(as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended) is or becomes the beneficial owner, directly or indirectly in one transaction or a series of related transactions of voting securities representing more than 50%
of the AuthenTec’s outstanding voting securities; or (b) any reorganization, recapitalization, consolidation, merger, business combination or similar transaction of AuthenTec where the holders of outstanding voting securities of AuthenTec
immediately before the transaction represent or are converted into less than 50% of the beneficial ownership of the outstanding voting power of the surviving entity (or its parent corporation) immediately after the transaction; or (c) the
consummation of any transaction or series of related transactions that results in the sale of the majority of the assets of AuthenTec, other than where the entity acquiring shares or assets, or the surviving entity with respect to clause
(b) above, is a Subsidiary of AuthenTec. 
 1.18 “Commercialize” (including, with its correlative
meanings, “Commercialization” and “Commercialized”) means, with respect to any item, to make, use, import, export, market, purchase, sell, offer to sell, license, lease, design, develop, practice any method or
process in connection with, copy, reproduce, distribute, modify, perform and display (publicly or otherwise), compile, execute, prepare derivative works of, disclose (as necessary) and/or otherwise use, supply, distribute, provide, dispose of and/or
exploit such item for any purpose (and to have any third party exercise any of the foregoing rights on the applicable Party’s behalf, e.g. “make” includes “have made”). 

1.19 “Development Agreement” means the Development Agreement, dated as of the same date as the Effective Date, between
Apple and AuthenTec. 
 1.20 “Hardware and Patent Acquisition Right Exercise Date” means the date of
Apple’s written notice to AuthenTec that Apple is exercising the Hardware and Patent Acquisition Right. 
 1.21
“Hardware Improvement” means any AuthenTec Improvement to any Hardware Technology. 
 1.22 “Hardware
Technology” means all hardware-related Technology, materials, tools and documents that are necessary or useful to Commercialize any Apple Sensors, including all of the following in unencrypted source formats where applicable, all related
firmware and all documentation related to any of the following, in each case, owned, acquired, controlled or licensable by, or assigned to, AuthenTec or any of its Affiliates as of the Effective Date: RTL; schematics; test benches and supporting
verification flow programs and scripts; formal verification code; flow; high level and low level models; microcode controllers; behavioral models; performance models; tools required to compile any source code; and all other tools and documentation
necessary or useful to develop, test, manufacture and/or use any Apple Sensors. Hardware Technology includes the Technology, materials, tools, documents and other items listed in Schedule G attached hereto. 

1.23 “Improvement” means any modification, enhancement, derivative work or improvement (including bug fixes, error fixes
and workarounds), whether patentable or not and whether reduced to practice or not. 
 1.24 “Intellectual Property
Rights” means all current and future rights in patents, copyrights, trade secrets, trademarks, mask works, design rights, database rights and any other intellectual property rights, and all rights and forms of protection of a similar nature
or having equivalent or similar effect to any of the foregoing that may exist anywhere in the world, including, in the case of each of the foregoing, whether unregistered, registered or comprising an application for registration. 

  
 23 

 1.25 “Interim Agreement” means the Second Interim Agreement, dated
May 16, 2012, between Apple and AuthenTec. 
 1.26 “Knowledge” means (a) the actual knowledge of
AuthenTec’s executive officers and employees or (b) the knowledge that AuthenTec’s executive officers and employees with direct responsibility for the subject matter would be expected to have after undertaking the due diligence that
is typically conducted by AuthenTec with respect to the applicable subject matter. 
 1.27 “Law” means any
federal, state, local or other foreign law (including common law), statute, ordinance, code, rule, regulation, decree or other legal requirement. 
 1.28 “Nondisclosure Agreement” means that certain Nondisclosure Agreement, effective January 26, 2012, by and between Apple and AuthenTec. 

1.29 “Other Covenant Beneficiary” means any direct or indirect customer, user, licensee, service provider, distributor,
retailer, reseller, contractor, supplier or manufacturer of Apple, any of its Affiliates or any successors or assigns of Apple or any of its Affiliates. 
 1.30 “Party” means either Apple or AuthenTec, and “Parties” means Apple and AuthenTec collectively. 

1.31 “Person” means an individual, a corporation, a limited liability company, a partnership, an association, a trust or
any other entity, including a governmental authority. 
 1.32 “Prior Interim Agreement” means the Interim
Agreement, dated March 9, 2012, as amended on March 21, 2012 and March 30, 2012, between Apple and AuthenTec. 

1.33 “Product” means any product (including any hardware product or software product), product line, service, method,
device, system, component, feature, any combination of any of the foregoing or any other offering. 
 1.34 “Software and
Patent Acquisition Right Exercise Date” means the date of Apple’s written notice to AuthenTec that Apple is exercising the Software and Patent Acquisition Right. 
 1.35 “Software Improvement” means any AuthenTec Improvement to any Software Technology. 
 1.36 “Software Technology” means all software-related Technology, materials, tools and documents that are necessary or useful to Commercialize any Apple Sensors, including all of the
following in binary and source code formats and all documentation related to any of the following, in each case, owned, acquired, controlled or licensable by, or assigned to, AuthenTec or any of its Affiliates as of the Effective Date: matcher
software; firmware; and all other software necessary or useful to develop, test, manufacture and/or use any Apple Sensors. Software Technology includes the Technology, materials, tools, documents and other items listed in Schedule H attached
hereto. 
 1.37 “Subsidiary” when used with respect to any Party, means any corporation, limited liability
company, partnership, association, trust or other entity the accounts of which would be consolidated with those of such Party in such Party’s consolidated financial statements if such financial statements were prepared in accordance with
generally accepted accounting principles in the United States, as well as any other corporation, limited liability company, partnership, association, trust or other entity of which securities or other ownership interests representing more than 50%
of the equity or more 

  
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than 50% of the ordinary voting power (or, in the case of a partnership, more than 50% of the general partnership interests) are, as of such date, owned by such Party or one or more Subsidiaries
of such Party or by such Party and one or more Subsidiaries of such Party. 
 1.38 “Technology” means any
(a) information, data, reports, findings, conclusions, results, work papers, notebooks, electronic records, samples, prototypes, deliverables and any other information or materials in any form or format and (b) inventions, discoveries,
ideas, suggestions, processes, methodologies, formulas, techniques, works of authorship, trade secrets and know-how, whether patentable or not. 

  
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